The investment era of rebirth

Chapter 400 Bulls' expectations come true!
In the evening, as the market sentiment continued to be bullish, U.S. stocks opened higher and moved higher, which further stimulated the potential long-term willingness of the domestic market.

The next day, Wednesday, June 5.

The market was full of calls to do more, and the Shanghai Stock Exchange Index opened higher again, standing at 2445 points, up 0.46%.

At the same time, a lot of popular stocks in the two core areas of 'infrastructure' and 'state-owned enterprise reform' have once again been sought after by funds from all walks of life on and off the market. The opening was about 7.5% higher, and the opening rate of 'Beijiang Communication Construction' was even higher by 8.53%, which was just one step away from the daily limit. Moreover, the turnover of the entire call auction for the two core popular stocks was in the tens of millions. above grade.

Especially for 'Beixin Road and Bridge', the turnover of collective bidding alone reached more than 4800 million, and the transaction was extremely active.

"Looking at the overall turnover of the two cities in call auctions, compared with yesterday and even the day before yesterday, the volume has exploded." At 9:26, inside Yuhang, Yuhang Investment Company, inside the fund trading room, Li Meng observed the fixed-frame On the trading market of the two cities, he said, "At the same time, on the scene, the buying orders of various popular stocks are also more aggressive than yesterday and the day before yesterday. It feels that investors' consensus expectations for the market have become stronger."

Hearing Li Meng's words, Su Yu nodded slightly and said: "The positive effects of all aspects on and off the market continue to affect, the bulls are in high spirits, and many popular stocks on the main line continue to surge at high levels, refusing to pull back, resulting in hesitation in light and short positions on and off the market Part of the investor group is getting more and more anxious, and they are not hesitating to chase the high and grab the chips, so...the amount of energy will naturally explode again."

"In this case, the market should accelerate to the top, right?" Li Meng asked with a smile.

Su Yu stared at the two markets that were about to officially open for trading, and responded: "Almost, under the continued high bullish sentiment, this wave of bursting energy is basically the last wave of bullish power in the market. If When the strength of this wave of bulls is exhausted, the long-short pattern in the market is bound to change."

"The end of the crossbow..."

Su Yu paused for a moment, then continued: "The market seems to be hot, but in fact, the potential short-side power accumulated by profit-making and floating hold-ups has almost reached its peak, and the strength of the long-term funds waiting to follow suit will gradually increase." At a time when market sentiment and confidence diverge again, these potential sell-offs will come flooding out.”

"2500 points, the unanimous expectation of the bulls, is mostly the final selling point for the short side to vent their power."

"However, before that, because of the market's unanimous expectation of the 2500-point position of the stock index, before the stock index reaches this real pressure level, although the potential selling force in the market is large, it will not be concentrated. So the market looks like , the power of the bulls will still be far stronger than the power of the shorts.”

"Well!" Li Meng responded, "The more the market is at the top, the stronger the expectations in the market."

"But the closer it is to the fulfillment of expectations, the more dangerous the market will be." Su Yu took the words and said, "For the large number of investors holding positions in the market, especially in this round of market, investors who have already made a lot of profits The group, the expected fulfillment point, is the gain or loss of 2500 points."

"Master, the index is now 2500 points away, which is an increase range of about 3 points." Liu Yuan said, "Since we judge that the important pressure level of 2500 points is impossible for the Shanghai Index to break through at this stage, should we Increase the intensity of lightening positions at this moment, take advantage of the good market liquidity, and fully reap market profits?"

After yesterday's comprehensive reduction of positions, the two main funds have reduced their holdings of 13.6 billion marginal concept stock chips in the main line fields of "infrastructure" and "state-owned enterprise reform".

This reduction in holdings is not a small amount.

However, compared to the huge holdings of the current two main funds totaling more than 140 billion, it is really not worth mentioning.

According to Su Yu's requirement, before the market fully turns, the positions in the main line fields of "infrastructure" and "state-owned enterprise reform" must be reduced to less than 50%. If traders want to achieve this goal, they must lose at least more than 60 billion yuan. The bargaining chip, the task is quite heavy.

Therefore, Liu Yuan made this suggestion at this very moment.

After all, in her opinion, if the expected range for the index to rise is less than 5%, then there is no need to wait any longer.

Because in the current market with only about 1200 billion to 1300 billion turnover.

Their short-term short-term reduction target of more than 60 billion is already equivalent to a big ship or a giant ship in an inland river. It is not easy to completely turn around, and before turning around, it is also necessary to predict the market trend and make a decision in advance. React, otherwise, when the market turns completely, it may be difficult to make a timely turn, and it is bound to give up a lot of profits in the early stage.

"Yes!" Su Yu responded, "From now on, the holdings of stocks in the main line fields of 'infrastructure' and 'state-owned enterprise reform' can be reduced, but...while reducing positions, we still have to follow the previous principles. Do not take the initiative to sell down the market, do not continuously sell large orders of more than [-] lots, rationally use the liquidity of the market, and carry out the operation of reducing positions by breaking them into parts. In addition, control the amount of lightening up to avoid possible disclosure of the dragon and tiger list Phenomenon."

The "Fortune Road" seat used by the company's two main funds has a great impact on market sentiment.

When they need market liquidity to support the company's main funds to quickly exit the market and achieve the goal of lightening positions as soon as possible, any early exposure of the reasons for trading seats will cause great fluctuations and variables in the market, thus affecting the company's main funds in the final stage. profit harvesting situation.

"Okay!" Liu Yuan responded.

Afterwards, he gave Su Yu's many opinions to other members of the entire trading team he managed.

"The Beixin Road and Bridge stock you bought with your personal trading seat, don't you plan to sell it?" After Su Yu explained the trading strategy, Li Meng focused on the Beixin Road and Bridge stock, and said with a smile, "Balian It has risen more than three times from the bottom, and it feels like this check has opened again today, and the hype and the market are coming to an end.”

Su Yu responded with a smile: "This check has been hyped to such a height by the market, which has exceeded my expectations by a lot, but this check has become the most concerned stock in the market, and its turnover rate and amplitude are among the top in the market. The buying and selling trends of large domestic and foreign funds cannot escape the daily disclosure of the dragon and tiger list."

"If I sell a large amount of chips at this time..."

"The trading seat appears on the Dragon and Tiger List, and the company's two main funds will not be so easy to safely reduce their positions and take profits."

"So, when you come out, let me be the one who ends up, and let Beixin Luqiao's check attract more bull bait who are still chasing high here, so as to increase the liquidity of the market and the effect of making money. , so that you can reduce positions and take profits more calmly, and the market will last longer at the top of the market stage."

In the current market, the check from Beixin Road and Bridge is the absolute core of the hype, and it is also the absolute leading stock in the two core lines of 'infrastructure' and 'state-owned enterprise reform'. As long as this check can remain highly active, it can continue to rise and open There is room for market speculation, and the hype expectations of the two main lines of 'infrastructure' and 'state-owned enterprise reform' will not fade quickly. Naturally, the liquidity of these two main lines will not be much worse.

"Okay!" After Li Meng understood Su Yu's idea, he stopped asking further questions.

"Boss, where should we move the funds freed up by reducing our positions?" Seeing that the time was about to reach 9:30, Wang Can, who had been silent all the time, asked, "The 'military industry' field you mentioned before, at this time... ...Can we continue to increase our positions? I feel that this sector has not risen much in this wave of rebound, and it is basically standing still. If the short-term hype of the two core main lines of 'infrastructure' and 'state-owned enterprise reform' peaks and the market falls into adjustment, this sector is estimated to be It can't go anywhere, right? After all, it hasn't risen, and there is no profit taking."

Su Yu glanced at the overall call auction trend of the 'military industry' sector on the big screen in the trading room, pondered for a moment, and said: "The funds from the reduction of positions in the fields of 'infrastructure' and 'state-owned enterprise reform' can slowly increase their positions in the field of 'military industry'." However, the pace of increasing positions should not be too large, it is better to break them into parts, try not to cause large changes in the market, and it is better to build positions quietly."

"Okay!" After receiving Su Yu's precise instructions, Wang Can immediately started to act.

And with everyone's communication and trading strategy arrangement, at this time, the time has moved to 9:30, and the two cities ushered in the official continuous auction trading time.

I saw that after a brief 5 minutes of emotional brewing.

As soon as the market opened, the Shanghai Stock Exchange Index, the Shenzhen Stock Exchange Index, and the ChiNext Index rose sharply under the hot long mood. Xinjiang Jiaotong Construction, Shanghai Construction Engineering... and many other popular and popular stocks have also exploded and rapidly increased.

At 9:31, Beijiang Communications Construction Co., Ltd., which opened sharply higher, was once again sealed on the daily limit by several tens of millions of capital buying orders. The turnover in one minute exceeded 1 million, which can be described as a trend of closing within seconds of the opening. Time... Another popular stock, Beixin Road Bridge, exploded with even greater volume, and almost touched the daily limit price.

At 9:32, the Shanghai Stock Exchange Index broke through 2455 points, directly pulling the increase to around 1%. At the same time, all industry sectors and concept sectors in the two cities all turned red and rose.

At 9:33, Huaguo Construction rose rapidly, rising by more than 5%, and the turnover exceeded 3 million in 1.4 minutes.

At 9:34, Beixin Road Bridge hit the daily limit, but it was not sealed. The turnover reached 2.68 million. The trading volume was intense and the trading volume could be huge.

At 9:35, Huaguo MCC's growth rate also quickly broke through to more than 5%. On the market, active buying orders at the level of [-] hands emerged in endlessly.

At 9:36, the turnover of Beixin Road and Bridge exceeded 3 million yuan, and the turnover rate reached more than 10%.

At 9:37, Shanghai Construction Engineering was listed on the board, and the popular stocks of 'infrastructure' and 'state-owned enterprise reform' in the middle and low positions received a lot of attention from active follow-up funds on the market.

At 9:38, Wangsu Technology suddenly pulled up the daily limit in a straight line, and the direction of growth stocks on the ChiNext changed.

At 9:39, LeTV, Dongfang Fortune, Huayi Brothers, and Guangguang Media followed, and the "film and television media" sector experienced a rapid rise in explosive volume.

At 9:40, the Growth Enterprise Market Index exceeded 1%. At the same time, the funds in the two major areas of 'infrastructure' and 'state-owned enterprise reform' followed suit and rushed to raise funds. On the market, the two cities still led the gains.

At 9:41, the Shanghai stock index refreshed its intraday high to 2460 points, and the increase broke through to the 1.5% position.

At 9:42, Beixin Road Bridge oscillated back and forth at the daily limit position, and changed hands drastically. After the turnover exceeded 3.8 million, the daily limit was sealed again under the joint efforts of several major funds, realizing the trend of nine consecutive boards, and refreshed at the same time The market has a high degree of hype space for concept stocks this year, further opening up the hype space and enthusiasm for capital to follow suit in the two main areas of 'infrastructure' and 'state-owned enterprise reform'.

At 9:45, the "big finance and military industry" sectors, which have significantly underperformed this round of index rebound, showed a slight rebound trend, and related core stocks also showed a slight concentrated increase in volume, but the market buying was concentrated The situation of following the trend is still not optimistic, and the overall active buying intensity is far inferior to the several popular sectors leading the rise.

At 9:50, the total turnover of the five core industry sectors of "construction decoration, building materials, public transportation, real estate, and steel" "infrastructure" exceeded 150 billion, a large increase compared with the previous period, and accounted for 6% of the market turnover Left and right, such as 'Huaguo Construction, Huaguo Railway Construction, Huaguo Communications Construction, Huaguo MCC, Huaguo South Locomotive, Huaguo North Locomotive' and other core value blue chips with the concepts of 'infrastructure' and 'state-owned enterprise reform' For stocks, the disk turnover has reached the highest peak in the same time period of this year, setting a new high in turnover.

At 10:01, after half an hour of trading at the opening, the index has once again stepped out of the heavy sun, and the entire market has once again continued to deepen and diverge around the fields of "infrastructure" and "state-owned enterprise reform", forming a relatively considerable The two cities generally rose.

At 10:10, the turnover of the two cities exceeded 400 billion, setting a new high for the same period of the year.

At 10:20, the Shanghai stock index continued to break through upwards, refreshing the intraday high to 2466.37 points, an increase of 1.5%, and it was getting closer and closer to the 2500-point pressure mark expected by the majority of investors in the market.

At 10:30, the Shanghai Index, Shenzhen Index, and ChiNext Index all rose by more than 1.5%. Except for the stocks suspended in the two markets, 90% of the stocks achieved gains, and the profit-making effect of the two markets reached its peak.

At 10:50, the number of daily limit stocks in the two cities exceeded 40, regardless of the main line of "infrastructure" and "state-owned enterprise reform", or the "growth stocks" field of small and medium-sized boards and gems, or the "oversold stocks" field that had stagnated in the previous period , All the popular concept stocks in the medium and small caps all rose sharply, and the market in the two markets was extremely hot.

"Damn it, today's market is simply exploding!"

At this moment, at a time when the whole market is extremely bullish, and the majority of investors are extremely determined to follow suit, Shao Xiaoyun, the fund manager, inside the Yinghui Fund Company and in the trading room of the 'Yinghui No. 2 Fund' Looking at the market and the index are advancing by leaps and bounds, and then looking at the fund account, the large amount of idle funds that have been reduced in advance to take profit in the previous two trading days, and returned to the circulation, feel so emotional that they almost smashed their thighs, and gritted their teeth. Can't help standing up from the computer desk in front of him in a hurry, and told a group of traders: "Buy, buy, get back all the positions we lost before, look at the situation... The market is going north all the way, and it will be difficult in the short term. Called back."

(End of this chapter)