The investment era of rebirth

"Fuck, so strong?"

Seeing that the stock of Beixin Road and Bridge has just opened, it has been scrambled for tens of thousands of large orders in a row. In the Yuhang hot money group where Su Yu belongs, some hot money showed a very surprised look, and said in the group: "No! Will it just go straight to the 4th board? It's a bit ridiculous!"

"Probably not! The market sentiment is not very good today, and 4 boards are not easy."

"Just now, who made the several tens of thousands of lots in a row? The spirit is not small, but Beixin Luqiao will not be able to close the board without a drastic change of hands today. After all, there are quite a lot of profits in the market."

"Today is obviously a day of divergence between the two main lines of 'infrastructure' and 'state-owned enterprise reform'."

"I originally wanted to start the market at a low position to absorb some chips from Beixin Road and Bridge, but now it has risen to 7 or 8 points in an instant, and I feel that it is not cost-effective again. Hey... it is really difficult!"

"Indeed, if it fluctuates at a low level, Beixin Road Bridge is still attractive today, but now... just forget it."

"The main reason is that the four boards are very difficult, and it is not sure whether Mr. Su's 'Fusheng Road' seat will continue to be locked up today."

"Comparatively speaking, it's better to switch between high and low prices, right?"

"The market sentiment is still not very good today. In addition, the three boards in front of Beixin Road and Bridge have a relatively insufficient turnover rate, and the profit margins on the market are too heavy. Yes, if it is really pulled up, the follow-up effect of various funds will not be bad."

"Just wait patiently, I don't believe in this turnover rate, some people dare to continue to seal the board."

In the midst of heated discussions among hot money and cautious optimism...

Sure enough, the rapid rise of Beixin Road Bridge, without the main funds to continue to hold high and seal the board upwards, its trend briefly fluctuated around 7 or 8 points for a while, and then began to fall again on a large scale, at 9 o'clock Around 38 points, the increase fell back to 4.75%.

"Haha, let me just say, there are not enough changes of hands, it is impossible to seal the board directly!"

Amidst the market changes in the two cities, the hot money in the Yuhang hot money group whose news keeps refreshing, the hot money who had predicted the trend of Beixin Road and Bridge before, couldn't help but sigh with emotion.

"It seems that today is indeed the day when the two main lines of 'infrastructure' and 'state-owned enterprise reform' diverge."

"The difference is good, it's just a low position to attract some chips."

"It's not very easy to attract money. Many popular stocks in the two main lines of 'infrastructure' and 'state-owned enterprise reform' have not broken yesterday's intraday lows at all."

"If it doesn't break yesterday's intraday low, it will be a few moments to attract money."

"Yes, if it breaks yesterday's intraday low, I'm afraid it will have to continue to adjust downward."

"Judging from the trading situation at the opening session, today's market has shrunk a lot, and the index opened lower, which did not trigger panic selling. It is estimated that today's index is here, and there is a high probability that it can stay sideways."

"Indeed, I feel that the market investment sentiment at this meeting has picked up a lot compared to when the market opened."

"It still depends on whether the trend of core popular stocks in the fields of "infrastructure" and "state-owned enterprise reform" such as Beixin Road and Bridge, Shibei High-tech, Huaguo China Railway, and Huaguo MCC can be stabilized here? If these stocks open within half an hour , can be stabilized, then today's emotions, there is a high probability that this will be the case, and the index is estimated to fluctuate more gently."...

"Today's two main lines of 'infrastructure' and 'state-owned enterprise reform' have been adjusted, but I feel that other lines have not taken over the market. ' and 'smartphone industry chain' are the two main market trends in the early stage, do they really have no prospects?"

"The current profit-making effect of the market is piled up on the two lines of 'infrastructure' and 'state-owned enterprise reform'. The other main lines...for the time being, there is indeed no sign of the main funds making the market."

"The two major areas of medicine and consumption have attracted a lot of funds after the market opened."

"However, in terms of current logic and expectations, these two major areas are still far inferior to the two core themes of 'infrastructure' and 'state-owned enterprise reform'. There may be little room for hype."

"Pharmaceuticals and consumption are safe-haven sectors. At this time... although the index has been adjusted for a short time, the overall trend is still in a rebound cycle. In this case, as long as the index adjustment ends and it goes up again, the defense of medicine and consumption will The property sector will soon be abandoned by the main funds again, so... I think medicine and consumption, which have performed well at the opening today, do not currently have a basis for sustainable market growth. In comparison, they are still 'infrastructure' and 'state-owned enterprise reform. 'The investment and speculative opportunities of these two core lines are bigger."

"Since the market rebound is not over, let's stick to the two core concept areas of 'state-owned enterprise reform' and 'infrastructure' and just keep doing it."

"Yes, in fact, the main line market, the divergence adjustment stage after the first wave, is just the best time to adjust positions and exchange stocks, and further determine the direction of investment and speculation."

"Today's 'high-low switching' hype is also centered around the two main themes of 'infrastructure' and 'state-owned enterprise reform'."

"This shows that various funds in the market are attacking and optimistic about the direction, but in fact it has not changed."

"So, I feel that Beixin Road Bridge can still be bought."

"I also feel that although the fourth board of Beixin Road and Bridge is difficult today, the overall upward trend should not be over yet."

"Looking back at the stocks that Mr. Su has hyped at the core last year, from Shanghai Steel Union to Waigaoqiao to Potential Hengxin, which one has not increased several times? Looking at Beixin Road and Bridge, it has only gone to the third since it was launched. board, the increase is less than 50%, and the space can be said to have just opened up. According to Mr. Su's stock selection and hype logic, even if the market doubles at the lowest, there is still at least a 50% increase. Looking at the current situation... it is completely possible Continue to participate in the relay.”

"Since that's the case, fuck it!"

The news in the group was refreshed quickly, and everyone was discussing fiercely...

Time quickly passed 10 o'clock. After the Shanghai Index, Shenzhen Index, and ChiNext Index rose rapidly for a period of time at the beginning of the session, they began to maintain a low-level and volatile pattern. At the same time, the time-sharing trading volume of the two cities also began to gradually decline compared with yesterday. Among them, the two main lines of 'state-owned enterprise reform' and 'infrastructure', which are the most important in the two cities, have also begun to maintain a volatile trend of continuous shrinkage after slowly falling to near the low point in yesterday's session.

And this oscillating situation, in the interweaving of buying and selling, has been maintained until the close.

In the end, at 3 o'clock in the afternoon, at the moment when the prices of the two cities were frozen, the Shanghai Stock Exchange Index closed at 2157.16 points, down 0.84%. It was only one point away from the 2158.16 points at the opening. The Shenzhen Stock Exchange Index and the ChiNext Index fell by 1.05% respectively % and 1.13%, still significantly weaker than the Shanghai Index. …

In addition to indexes, industry sectors, concept sectors, and individual stocks.

I saw that the two major sectors with strong risk-avoiding attributes, medicine and consumption, performed relatively well today. Up to 3% or more.

As for the core stocks in the two core main line areas of 'infrastructure' and 'state-owned enterprise reform' that are popular in the market.

And "growth stocks" related to "mobile Internet" and "smart phone industry chain" in the direction of the small and medium-sized board and the gem.

Today, they underperformed the market one after another, leading the decline in the two markets. Among them, Netspeed Technology rarely fell 5%, hitting a new low for the year, LeTV and Huayi Brothers also fell 3%, setting a new low for the year; Metallurgical, Huagong International, Huaguo Communications Construction and other core blue-chip stocks of "infrastructure" and "state-owned enterprise reform" fell between 2% and 5%, basically around the intraday lows set on Sunday. Shock.

Of course, stocks with core concepts in the fields of "infrastructure" and "state-owned enterprise reform" such as Beixin Road and Bridge, Shibei High-tech, Shanghai Sanmao, Pudong Development, and Shanghai Construction Engineering have maintained a relatively strong state today. , after the violent turmoil, they all closed in the red market. Among them... Although Beixin Road and Bridge did not complete the 4th consecutive board, which further opened up the market for upward speculation, it also maintained a 5% increase, setting a single-week increase of more than 40%. The record has reached the top of the weekly gain list of the two cities, and it also occupies the first place in the hot list of popular stocks in the two cities.

In addition to the performance of indexes, sectors, and individual stocks...

Compared with yesterday, the overall turnover of the two cities has also shrunk significantly. The turnover has shrunk from more than 900 billion yesterday to about 480 billion. Among them, the turnover of the Shanghai stock market is more than 440 billion, and the turnover of the Shenzhen stock market is more than [-] billion. , In terms of turnover performance, the Shanghai stock market is still more active than the Shenzhen stock market.

Faced with such closing results, all investor groups in the two cities.

There are those who complain, those who are lucky, those who are pleased, and those who are satisfied...

Generally speaking, the pattern and shape of the market has disappointed some investors who are full of expectations, high, and accustomed to short-term speculation; but for those who have low expectations, or have not caught up with the market before, For some investor groups who have been out of space, they are fortunate and gratified.

After all, today's major indexes failed to maintain a strong state and closed positive again.

However, compared with the frequent 3% and 4% declines in the peripheral stock markets, it is considered a relatively strong and relatively ideal result.

What's more, the market fluctuated greatly yesterday, and the failure to break through the 2200-point mark also relatively hit the market's long-term sentiment. Today's market can stabilize without panic selling, which is already a pretty good trend.

Of course, although the trend of the index is relatively strong compared with the periphery.

However, under the influence of the bearish sentiment enveloping the global financial market, as the index actually closed down, and the closing result was farther and farther away from the 2200 point mark, the entire market's expectations for the market outlook, as well as the overall long sentiment, were still severely affected. Big hit, with clear signs of recession.

"Compared to yesterday, the market has shrunk so much."…

Yuhang, inside Minghui Capital, in the trading room of the main fund, fund manager He Hong, after a brief review, looked at the two markets that had been fixed for a long time, and frowned: "Today's index has not exceeded the market, and yesterday's high level caught up. Yes, basically all of them are trapped today, and the market outlook...is not optimistic!"

"I feel that the market outlook is quite optimistic." Beside He Hong, general manager Xu Zhongji said with a smile.

He Hong looked back at Xu Zhongji and asked, "What is the logic behind Mr. Xu's optimism about the market outlook?"

"Although the index closed down today, compared with the external performance, its volatility is still very strong." Xu Zhongji said, "And you look at the two core themes of 'infrastructure' and 'state-owned enterprise reform', although these two core themes Today, it is generally weaker than the market, but its core hot stocks basically did not fall below the low point set yesterday. Didn’t our fund’s bottom-hunting positions yesterday also basically remain near the cost line today, without much loss? That’s it. It shows that the bottom support of the two main lines is quite strong, and the market has a high probability, and it has not finished."

"As for this round of market rebound, the core market falls on the two core lines of 'infrastructure' and 'state-owned enterprise reform'."

"It can be said that this week's market rebound was driven by the two core themes of 'infrastructure' and 'state-owned enterprise reform', but now... since the two main lines of the market have not finished, it means that the index market has also If it is not finished, there is a high probability that the stock index will continue to rise in the future market and continue to hit 2200 points."

"As for whether it can finally stand firm at 2200 points, it will really open up market space for the market outlook."

"It depends on the further development of the market and the performance of the external market."

"And today's market has shrunk significantly compared to yesterday. I don't think this is a bad thing. In the rebound trend of the market, the market does not have to continue to increase volume."

"Stopping occasionally and shrinking to digest floating chips may be more conducive to the development of the market outlook."

"But the external market... feels that there are signs of collapse!" He Hong admitted that Xu Zhongji's words did have some logical support for the market outlook to continue to rebound, but he still had to worry in his heart, "From the perspective of historical development, Look, there has never been a precedent for A-shares to be independent from US stocks and go independent.”

"The rise of U.S. stocks last year can be said to be the best in the world." Xu Zhongji said, "It should be considered normal to adjust a little this year? And from the current point of view... The long-term bullish trend of U.S. stocks that has continued for many years has not broken. Short-term adjustments should It does not affect the long-term trend, and moreover... from a macro perspective, this year's global economic development, in terms of expectations, is obviously stronger than last year."

"Under the expectation of global economic recovery, US stocks, as the world's most important stock trading market, should respond."

"Anyway..."

Xu Zhongji paused, and continued: "In this position, it is really not appropriate to be overly pessimistic. After all, even if the index continues to fall back, how much can it fall to the maximum? Return to 2000 points? Or a new low of 1800 points? No matter how you look at it... …In this position, there is not much space to go down, but there is unlimited room for imagination to go up.”

"Furthermore, in recent days, so many main funds have flowed in."…

"These main funds are not from the philanthropy. If they don't make room for it, with the current market liquidity, will they be able to ship with the Lilan they brought?"

He Hong knew that Xu Zhongji's last words were referring to Mr. Su, who was invested by Yuhang. Just listen to Mr. Xu, and take a look later, if the index continues to go down and the volume increases again, then we should stop losses in time and change our strategy."

"Well, let's take a look again!" Xu Zhongji responded lightly.

Afterwards, after seeing that the time had reached 5:[-] p.m., the trader couldn't help but adjust the big screen of the trading room to the refreshed interface of the dragon and tiger list of the two cities.

I saw that after a day of shrinking and fluctuating, the number of stocks on the list today has decreased by 7 compared to yesterday.

Among them, in the two main areas of 'infrastructure' and 'state-owned enterprise reform', Shibei High-tech, Beixin Road and Bridge, Shanghai Sanmao, Kumho Group, China Fortune Land Development, and Bayi Iron and Steel continued to make the list.

"There are still no seats for 'Fortune Road' and 'Fusheng Road', Mr. Su is still locked up!"

Seeing the refreshed data on the Dragon and Tiger List, countless investors couldn't help sighing after searching.

"Nothing is a good thing. Mr. Su's lock-up proves that Mr. Su is still optimistic about the market outlook, and it also proves that today's index rebound is a benign correction."

"Hey, I was so scared to death. Seeing the heavy selling on the Beixin Road Bridge today, I thought President Su had already left."

"Boss Su continues to lock the warehouse. If I knew it earlier, I should have gone to Beixin Road Bridge today."

"Not only did Mr. Su's seat not come out, China Fortune Land Development's 'First Securities Shenzhen Huaxin Road Sales Department' also didn't come out, Boss Ge also locked up his position."

"Not only did Boss Ge lock up the warehouse, but Jiefang South Road also increased the warehouse!"

"I'm going, it's true, the chief rudder has newly purchased 2000 million funds each from Shibei High-tech and Beixin Road and Bridge!"

"Big brothers, none of them came out."

"There are also institutional seats. China Fortune Land Development is still buying institutional seats today."

"The two checks of Huaguo China Railway and Huaguo MCC are not on the list today. I don't know if the leader of 'Chunhui Road' Zhang is still there, and I don't know if he is also increasing his positions in these two core blue-chip stocks."

"I can't control the stocks that are not on the list, but judging from the stocks on the list alone, the news that the main funds from all walks of life have not left is enough."

"Indeed, this is enough to show that the two major market trends of 'infrastructure' and 'state-owned enterprise reform' have not come to an end."

"Hey, today's dragon and tiger list data, overall, is really good, but wasn't yesterday's dragon and tiger list data also very good? Did it affect today's market drop?"

"So, it's not enough to just look at the domestic stock market news, the impact of the US stock market must also be considered!"

"External stock markets, won't they still plummet tonight?"

"It's hard to say. It feels like a shadow of panic has shrouded the global financial market because of the sharp drop in U.S. stocks for two consecutive days. Our big A has always been the weakest in the world, and the probability of not following is extremely small, so... Considering the extreme situation on the periphery, we still have to be cautious.”

"But today is Friday, the news of the weekend, can you gamble?"...

"I don't think there will be any good news!"

"Don't expect big profits or anything, as long as you don't make bad profits."

"I still say that it is useless to analyze so much. It is impossible for our information channels and understanding of the market to surpass those analysts and traders of large institutions, so... I think it is the most intelligent operation to follow the market's most intelligent main force. The most convenient and most effective method, since Mr. Su continues to lock up positions, and there is still no share in yesterday's market shock and today's market drop, then we don't need to be terrified."

"Yes, since Boss Su hasn't come out, let's just follow suit and lock up the warehouse."

"After all, when it comes to running, Su can always run. We have such a small capital, so we can definitely run."

"I'm afraid that the U.S. stock market will continue to plummet tonight, and there will be a bad news on the weekend. Next week, the index will directly gap and open lower, and everything will be killed."

"Afraid of this and that, in a weak market, I feel that I can't make money even more."

"In terms of operation, it's better to simplify the complexity. Anyway, I'm convinced that if President Su doesn't come out, if I don't come out, I will die in this round. I don't believe that the index can fall back to 2000 points. "

Numerous investors are having heated discussions on the data of the Dragon and Tiger List.

As time goes by, the long-short sentiment in the entire market is still in a stalemate until... the U.S. stock market opened in the evening, and under the shadow of the short-seller sentiment, the U.S. stock market opened lower and moved higher, recovering a lot from yesterday’s plunge After the decline, the long-short sentiment in the domestic market reversed.

Then, two days on the weekend.

Regulators are already under bullish sentiment in the market sentiment, and have not continued to stimulate. The news is calm.

In the end, when the news was calm, the trend of the external market improved, and the worries of the US stock market crash gradually dissipated, on Monday, April 4, the two markets ushered in the opening of the market again.

However, to everyone's surprise...

After two days of emotional fermentation over the weekend, under the condition that bullish sentiment prevails.

After the market opened slightly higher, it didn't even stabilize for 10 minutes, and then continued to fall into the water, entering the same shrinkage and shock situation as last Friday.

And this volatile situation has been maintained from the beginning of the day to the end of the day.

In the end, the Shanghai stock index closed down 0.56%, and the point further fell to 2146.39. The Shenzhen index and the ChiNext index fell by nearly 1% again, which was weaker than the performance of the Shanghai stock market.

In addition to the index performance beyond everyone's expectations.

The turnover of the two cities has also further declined, from more than 900 billion on Friday to more than 880 billion. Among them, the turnover of the Shanghai stock market is greater than that of the Shenzhen stock market. The sector has become a round-trip market, and the two core themes of "infrastructure" and "state-owned enterprise reform" have once again provoked the main beam, maintaining the trend of shrinking and oscillating in the red market, and once again showing a performance that is stronger than the market.