The investment era of rebirth

"Fortunately, it's not that bad!"

At 9:20, seeing the overall market situation, compared with 9:15, there are some obvious signs of recovery. He Hong, who is carefully monitoring the market in Yuhang, Minghui Capital, and the fund trading room, is also slightly relieved.

When the market broke through in an all-round way yesterday, it was at the request of general manager Xu Zhongji.

He basically put all the remaining available funds of the fund into the target stock market.

It can be said that at this moment, the main fund products of the company he is in charge of are already in a state of full position, and the cost of holding positions is not low. False breakout status.

All the bargaining chips that the fund increased its position in yesterday will have a high probability of falling into losses.

And this will also drag down the net value performance of fund products, cast a shadow over the company's semi-annual performance report, and of course... More importantly, it will directly affect his performance, thereby affecting his income.

"How is it?" Xu Zhongji, who had just finished the internal management morning meeting, walked into the trading room, just in time to hear He Hong's breath of relief, and couldn't help asking, "In a bad mood? The market opened sharply lower?"

"That's not true." He Hong looked back and saw that it was Xu Zhongji, the general manager, and replied with a smile, "The market reaction was weaker than expected, but there was no corresponding panic selling. I feel that the resilience of the market is not weak, and the market makes money. Still, 2200 should provide real support for the index.”

Hearing this, Xu Zhongji nodded slightly and said, "That's good, as long as the index can maintain above 2200 points, let this previous pressure level form a substantial support platform, and completely reverse the logic of market investors' expectations for the market outlook, then As long as the market continues to open up market space, there will be no problem.”

As he spoke, he also turned his attention to the big screen in the trading room showing the market.

At this moment, the time has moved to 9:23. In terms of the overall performance of the two cities, the concept and industry sectors in the two main areas of 'infrastructure' and 'state-owned enterprise reform' are still leading the gains. On the market, in addition to some stocks that are good for the resumption of trading, the top-ranked stocks are still popular stocks in the two core areas of 'infrastructure' and 'state-owned enterprise reform'.

"Hey, Beixin Road Bridge didn't open with a daily limit."

Xu Zhongji was a little surprised when he saw that Beixin Luqiao, the core leader of the two cities, was hovering at 7 or 8 points, and the market trading was fierce, and the divergence was quite large. Insufficient, it is difficult to form a consistent expectation!"

"But the premium increase of 7 or 8 points is already very strong." He Hong continued, "According to the volume of this call auction, if the main funds in Beixin Road and Bridge Market do not lose after the market opens, it is obvious that there will be continued closures." The hope of the board, in fact... like this kind of high-level leader relay, changing the daily limit, farther than the one-word daily limit, and it is easier to gather market sentiment."

"Well!" Xu Zhongji nodded slightly, "From the perspective of hot money speculation, it is true, but this check, after President Su's "Fusheng Road" seat was fully increased yesterday, and after the stock index broke through 2200 points pressure Today, there are still considerable differences, which proves that the current market still does not have consistent emotional expectations, and it also shows that the index is at this position, and there may be severe shocks.”…

"As long as the index doesn't break 2200 and oscillates on the top of the box, it's fine." He Hong responded.

"It should be a benign shock." Xu Zhongji pondered for a moment, and then said, "Except for the impact of the external market trend yesterday, there was no negative news in other aspects. Logically speaking, this morning should be the lowest point of emotion. Since the market has not opened much lower now, Once the emotions are stabilized, there will be no more panic killing situations."

After he finished speaking, at this moment, the time has moved to 9:25, and the call auction between the two cities has ended.

I saw that after a total of 10 minutes of call auction time, the Shanghai Index finally maintained a flat opening trend, falling 0.02%, and was fixed at 2217.98 points. The Shenzhen Stock Exchange Index and the ChiNext Index opened relatively slightly lower, falling 0.19% and 0.23% respectively.

In addition to the index, the concept sector, and the performance of individual stocks...

The two major concepts of 'infrastructure' and 'state-owned enterprise reform', as well as related concept sectors and industry sectors, still led the rise in the two cities, with a higher opening margin of more than 0.5%. Main concept areas such as 'Internet Finance', 'Mobile Internet', and 'Smartphone Industry Chain', as well as related concept and industry sectors, followed the fluctuations of the index and opened slightly lower.

Among them, yesterday's performance was sluggish, and the pharmaceutical and consumer sectors were relatively in a state of adjustment.

Today's opening performance is relatively strong again, and the opening performance is second only to the two core sectors of 'infrastructure' and 'state-owned enterprise reform'.

As for the many core popular stocks and popular stocks in the market yesterday's daily limit.

Opening performance, both strong and weak.

Mainly, the popular stocks belonging to the fields of "infrastructure" and "state-owned enterprise reform" are still showing strong market performance. Although the stock prices of each stock are already at a relatively high level at the moment, there are still not a few funds actively chasing high and rushing to raise funds. Buying is still overpowering selling.

Of course, within these two core areas.

Several leading stocks such as Beixin Road and Bridge, Shibei High-tech, Huaguo China Railway, and Huaguo MCC, which are most popular with market investors, performed even stronger.

Among them, Beixin Road and Bridge opened 7.55% higher, and the entire call auction turnover exceeded 4300 million.

Shibei High-tech opened 4.33% higher, and the entire call auction transaction exceeded 1000 million, which was also a large volume.

Huaguo China Railway and Huaguo MCC, the two leading stocks in the market, opened about 2.5% higher, and the entire call auction transaction was more than 4000 million. Compared with the previous few days, both are in a trend of large volume.

On the contrary, it belongs to the popular stocks in the field of 'Mobile Internet' and 'Smart Phone Industry Chain'.

Even though these stocks showed a strong trend of bottoming out and rebounding yesterday, and many of them blocked their daily limit, judging from today's call auction and the results of the opening market, their performance on the market did not show any continuity. The market has suppressed the buying one after another, and there is a trend of opening slightly lower, basically without any premium.

Seeing the opening of the two cities, the majority of market investors have different emotions.

There are those who are disappointed, those who are surprised, and those who are mediocre.

Generally speaking, the market sentiment is intertwined between long and short, and the consistent sentiment expected by many people has not appeared.

"The market divergence is not small!"

At this moment, in the Yuhang hot money group where Su Yu was, someone said with emotion. …

"There are differences, and there is a market. I think the market opened like this today, which is the best trend pattern."

"Indeed, the confidence of the market has not been fully established. At this time, in fact, the consistent long-term sentiment will not go far at all. On the contrary, it is a manifestation of this kind of emotional divergence. The height of the market rebound can continue to be looked at."

"Judging from the opening of the market, the core hotspots of the entire market are still on the two core main lines of 'infrastructure' and 'state-owned enterprise reform'!"

"This is inevitable. The entire market, and only these two main lines, have shown a strong effect of continuing to make money."

"The main reason is the blessing of President Su's seat!"

"Market confidence has not fully recovered, the overall incremental funds and undertaking funds are limited, and a comprehensive rebound in the market is impossible to continue, so the market is biased towards one or two core main lines, and making continuous breakthroughs is not only the best choice, but also Funds from all walks of life in the venue are inevitable choices.”

"Indeed, at this stage, there can only be hope by breaking the surface."

"Since the market is still hyped around the two main themes of 'infrastructure' and 'state-owned enterprise reform', then tickets for Beixin Road and Bridge, Shibei High-tech, and Pudong Construction should still be available?"

"Beixin Road Bridge's call auction today is a bit big!"

"It's four boards in six days, and it's inevitable that the volume will increase. Let's look at the change of hands after the market opened. If after a large change of hands, the intraday volume shrinks and the stock price does not drop too much, then you can On the other hand, on the contrary... Although this check has the blessing of Mr. Su's "Fusheng Road" seat, the impact of a large number of profit-making orders and the above-mentioned locked-in orders may be dangerous."

"I think it is still possible to continue. After all, this check is already the leader of the two major market core lines of 'infrastructure' and 'state-owned enterprise reform' that are consensus in the market. With the attention of investors in the entire market, the active funds and undertaking funds gathered are also the largest in the market, and based on the current height of this check, there will not be too much pressure to continue to move upward.”

"Agreed, since market expectations have determined that the check of Beixin Road and Bridge is the main line leader of the two cities, then in the case of the two core main lines of 'infrastructure' and 'state-owned enterprise reform', the sentiment and market conditions of this check have not yet broken. It will not collapse, in fact... it is really a good thing that there are differences in the market at this time."

"Beixin Road Bridge should at least double in size!"

"I also think that this check will at least double the market. If this check cannot open up space, then in the two core areas of 'infrastructure' and 'state-owned enterprise reform', other tickets will not be able to open up space. And... I believe that Mr. Su, his large-scale intervention in the position is definitely not just for the profit of one or twenty points."

"I also think it is a good opportunity to buy a relay, and 400 million have already been invested in the opening market."

"I'm afraid of heights, so it's safer to go to Shibei Gaoxin."

"I also think that Shibei High-tech has huge potential. This check lags behind the nearly 25% increase of Beixin Road and Bridge, but the concept, fundamentals, and even market popularity are not inferior to Beixin Road and Bridge, except that there is no seat bonus from President Su. I think...if the Beixin Road Bridge can’t go up, this check has the potential to get stuck at the leader of the Beixin Road Bridge.”…

"Yes, if the market sentiment drops, everyone's risk appetite decreases, and the funds switch from high to low, then the opportunity of Shibei High-tech is obviously greater than that of Beixin Road and Bridge."

"Forget it, I still believe in the theory that the leader is strong."

"Diversify the risk, buy both?"

"The line of 'Shanghai Free Trade Zone' is actually not weak. The core leading stock Shanghai Sanmao has gone better in the past few days, and it seems to be stronger than Shibei High-tech. I feel that it is worth participating!"

"Shanghai Sanmao is controlled by the Shenzhen Three Musketeers. I think it's better to avoid it."

"Yes, these three guys are not relentless when they hit the market. It is better to relay the Shanghai Sanmao than to relay Beixin Luqiao. After all, Beixin Luqiao is the only one in the field, but President Su's seat is in the market. Before the mainline market broke completely, there were very few bids, but judging from the call auction situation of Beixin Road and Bridge in the morning, it is obvious that Mr. Su is still locked up."

"Why is no one going to Huaguo China Railway and Huaguo MCC?"

"How do you get into this kind of large-cap blue-chip stocks that cost hundreds or hundreds of billions? Except for Mr. Su's capital, it is estimated that only some large institutions are interested."

"For this kind of stock, generally only the market can work together to have a market."

"With our small amount of funds, don't invest in such large-cap blue-chip stocks. It's better to bet on the concept leader. For trading, it's better to be simple. We want all opportunities and all stocks. Do it, and often end up getting nothing.”

"It makes sense, the simplest trading rules and methods are the most effective."

During the discussion among everyone, with the news in the group being refreshed rapidly, the 5-minute suspension time passed by in a flash, and the two cities ushered in the official trading session.

only see...

Just after 9:30, there were nearly 2000 stocks in the two markets, and the stock price began to jump again.

As the highest degree in the two cities, Beixin Road and Bridge, which is praised by the majority of investors as the concept leader of the two cities, exploded again. Within half a minute, its turnover jumped from more than 4000 million at the opening to more than 1 million. And in the rapid explosion of volume, the stock price also rose rapidly. From the increase of more than 7 points at the opening, the lightning approached the daily limit.

"Holy shit, so strong, it seems that the leader is always the leader!"

Seeing that it was only 1 minute after the market opened, Beixin Road and Bridge's stock price went straight to the daily limit. On various online trading forums and in various retail investor chat groups, there were endless voices of exclamation.

"The strong are always strong, Beixin Road Bridge will definitely be boarded today!"

"Do it! If you don't grab it now, when will you wait?"

"It's already full of positions, and the leaders of the two cities, plus the heavy holdings of President Su, I don't believe that Beixin Road Bridge is not even as high as 5 boards."

"Counting from the second wave, even if the board is closed today, this is only the second board."

"Haha, Beixin Road Bridge doesn't have a daily limit today, so it's giving money. I didn't say anything, just chase after it with a full warehouse."

"Chasing, you must chase, following President Su, there will be meat to eat!"

"I really wish that the funds in the check place in Beixin Road and Bridge can sell more, so that the turnover can be higher, and the higher the turnover, the greater the strength of the follow-up market."

"I'm going... the daily limit!"

"The 5 consecutive [-]-hand orders just now are really violent!"...

"9% changed hands, it's about the same, right? Fortunately, I didn't hesitate today... I got it."

"Your sister, I was a step late in placing the order just now, and I missed the deal by a penny, so I didn't buy it in. Hey... I can't be greedy for such a small bargain anymore."

"I placed a buy order at the opening price, but it didn't close, and I didn't have time to chase after it."

"Haha... I told you that the opening of Beixin Road Bridge today is a gift of money, and sure enough... it's a gift of money!"

"If you can't buy Beixin Road and Bridge, hurry up and buy Shibei Gaoxin. I feel that Shibei Gaoxin may also have a daily limit. This check... should be the market dragon two?"

"Damn, it's too late to remind, Shibei Gaoxin has already risen in a straight line."

"The three major indexes of the market have all turned red, Beixin Road Bridge Bull, it has brought the market up again..."

With the fierce and excited discussions among many retail investors, in the fast flow of time, the market returned to an overall upward trend in just 5 minutes. Not only did the index turn red, but it was chased by hot money and main funds from all walks of life yesterday. Many popular stocks in the market are even rioting one after another, and their stock prices are driven by a large amount of follow-up funds, all of which have shown a straight-line upward trend.

And driven by the trend that Beixin Road Bridge was almost closed in seconds.

At 9:38, Shibei High-tech was also continuously scrambled for funds by many major stocks, and it was pulled up and closed in a straight line. The stock price penetrated all important moving averages and suppressed, forming a trend of two consecutive daily limit.

At 9:42, the two core themes of 'infrastructure' and 'state-owned enterprise reform', the related concept sector and industry sector index rose by more than 2%. All popular stocks in the field were attacked by the main funds. Even when the stock price of a stock is already at a relatively high level in the market, the status of the main funds in its field still shows a trend of net inflow.

At 9:48, Sanmao on the Shanghai stock market closed its board in a straight line. So far, the most popular "Three Musketeers Stocks" that have attracted almost all attention from short-term investors who are active in the market have achieved their daily limit, and all of them have achieved a continuous board trend. The market continues to make money and further expands.

Seeing that the continuous profit-making effect of the market is still expanding, and seeing the pressure of 2200 points, it is indeed a thing of the past.

After the time reaches 10 o'clock in the morning...

The investment sentiment in the two cities began to pick up further, and the investment risk appetite of the entire market also began to rise again. The overall buying interest began to continue to suppress the market selling interest.

With the continued suppression of buying orders on selling orders, several major indexes such as the Shanghai Stock Exchange Index, Shenzhen Stock Exchange Index, and ChiNext Index also continued to rise.

In the end, at 10:45, the stock index rose by more than 1%, refreshing the intraday high to 2241.49 points, farther and farther away from the 2200 point mark that most investors in the market are worried about.

Similarly, with the stock index getting farther and farther away from the 2200 mark.

In the market, everyone's consensus that the Shanghai Stock Exchange Index has completely broken through the pressure of 2200 points and fully opened up the room for an upward rebound has become stronger.

Moreover, the deepening of this consensus is also constantly catalyzing the market's continued upward short-squeeze market.

"Suppressed by the short-term sentiment in the outer market, I really didn't expect that the market can go so strong today." Seeing that the Shanghai stock index opened slightly lower at the beginning of the session, it rose all the way, penetrated the 1% increase, and refreshed the rebound high in one breath At the point of 2241.49, at the Yuhang Yinhua public fund company, the internal "value investment mixed selection" fund product trading room, Zhu Peng, the trading team leader and assistant fund manager, said in surprise, "This is a bit like a continuous short-squeeze market. Ah, could it be...the big market has really started? The bull market...is really here!"...

In his memory, this year, the market has never been so strong.

Not to mention the continuous big positive line, the independent market trend under the negative external market, there is not even a small rebound in the range of 100 points.

Today, the market trend is completely uncharacteristic compared with the first quarter of the beginning of the year.

This had to make him think more.

"The market trend in the past two days is indeed beyond the expectations of most people, but I am afraid that it is too optimistic to talk about the big market, bull market and so on." The fund manager in charge of the product "Value Investment Mixed Selection" Zhou Yang stared at the changes in the two markets, and said with a smile, "The entire market is still moving, developing, and spreading around the two main lines of 'infrastructure' and 'state-owned enterprise reform'. The overall performance of the board is still weak."

"The market cannot get out of the bull market based on one or two main lines, nor can it start a sustained big market."

"So, before the market diverges in an all-round way and more flowers bloom, we should treat it as a rebound, which is better."

"Of course, market sentiment and investment confidence are picking up, and the actions of institutions and hot money have become more aggressive in recent days. These are all facts."

"As for these facts, can they be transformed into greater market momentum."

"It depends on whether the two major market core themes of 'infrastructure' and 'state-owned enterprise reform' have reached a certain high level, whether there are other major mainline concepts that can undertake the market and continue the market's profit-making effect, or the same sentence... ... Only the spread of the mainline market and the continuation of the money-making effect can bring about a big market and a bull market. Before that... no matter how the market changes, it can only be regarded as a rebound."

"Then the holdings of our fund..." Zhu Peng paused and asked, "Still remain the same?"

Zhou Yang nodded and responded: "Let's maintain the current position first. Before the market's bull-bear trend has clearly changed, chasing up positions at the rebound high point is not a small risk."

"But if the market is really short-squeezed continuously." Zhu Peng said, "then we will be completely short of this round of market."

Zhou Yang thought for a while, and said: "The rebound in the bear market is extremely difficult to grasp, so let's just miss it this time. I don't believe that after the index crosses 2200 points, it will never look back."

As the two discussed, the same moment...

Magic City, inside Yinghui Fund, the trading room of 'Yinghui No. 1' fund products.

Fund manager Liu Guanhai saw that the index has been rising since it broke through 2200 points, and the two main concepts of "infrastructure" and "state-owned enterprise reform" are getting stronger and stronger, while the two main themes of "mobile Internet" and "smart phone industry chain" that he holds heavily The concept is farther and farther behind the market, and the heart can't help but become more and more anxious.

"Manager, LeTV, Huaqingbao, and Huayi Brothers, which are heavily held by our fund, have started to fall instead of rising." Yu Lei, the leader of the trading team, reported helplessly. Showing a state of substantial outflow, feeling that the upward pressure is still enormous."

"What do you think?" Liu Guanhai glanced at the boards of these stocks irritably, and asked.

Yu Lei thought for a while and said, "How about... let's adjust our positions? The two main lines of 'Mobile Internet' and 'Smartphone Industry Chain' have been underperforming the market recently, and there is no major capital. I feel that the market style has indeed changed. Well, in a short period of time, the line of 'growth stocks' probably won't have much market value."…

"Where to adjust the warehouse?" Liu Guanhai continued to ask.

Yu Lei responded: "The strongest main lines in the market are currently 'infrastructure' and 'state-owned enterprise reform'. If we want to adjust our positions, we can only go in these two directions."

"But the positions of these two directions are not low!" Liu Guanhai said with emotion, "The index rebounded, and I don't know when it will end. The two lines of 'infrastructure' and 'state-owned enterprise reform' have exceeded the index by about 20% on average. Now, chase after this time... the risk factor is not low."

Before, because of his stubbornness, the fund had no positions at all on the two main lines of 'infrastructure' and 'state-owned enterprise reform'.

Now, the entire market is hyped around the two main lines of 'infrastructure' and 'state-owned enterprise reform'.

At this time, looking back, even if he wanted to admit his mistake and switch positions for shares, he couldn't find a chance at all, so he had to hesitate even more.

"Hey……"

After thinking about it carefully, Liu Guanhai finally sighed heavily, gave up Yu Lei's suggestion, and said, "Wait and see, wait and see! It's really not a good opportunity to adjust positions at this time, and I don't believe in 'infrastructure' and 'state-owned enterprises. The two lines of "reform" can always be strong. I don't believe that after the index breaks through 2200 points, it will never look back and will never step back."

With his stubbornness and hesitation, another trading room in the company.

Shao Xiaoyun, who has been in charge of the "Yinghui No. 2" fund and was promoted to fund manager, has been fully invested in the core popular stocks of the two main lines of "infrastructure" and "state-owned enterprise reform" in the past few days. At this moment, he is staring at the two markets. The hot stocks on the main line that have exploded in an all-round way and continue to interpret the market are full of joy and excitement in their hearts.

"Sure enough, stock trading has to follow the strongest main line of the market." Shao Xiaoyun said with a chuckle, "Still unchanged, you can only be eliminated by the market."

"Boss is right." The fund assistant beside Shao Xiaoyun agreed.

"The annual net value of our No. 2 Fund should already exceed that of No. 1 Fund?" Shao Xiaoyun continued to ask.

The assistant nodded and replied: "It's already surpassed Fund No. 1 by 7%. After the boss took over Fund No. 2, this year, the net value of our No. 2 Fund has risen by 11%, which is already the top level in the industry. To be honest... the boss's The level of investment is no worse than that of Mr. Su from 'Yuhang Investment'."

"Mr. Su..."

Hearing the name mentioned by the assistant, Shao Xiaoyun flashed a legend about the name in his mind, his eyes could not help revealing a sharp light, and he hummed softly: "One day, I will surpass him."

With that said, he set his sights on the trading of the two cities again.

I wanted to pay attention to the further breakthrough of the Shanghai Stock Exchange Index. Before the market closed at noon, it set a new intraday high and once again stood at the 2250 point mark. Popular stocks suddenly saw a huge increase in selling orders, and their stock prices plummeted.