The investment era of rebirth

Chapter 572 The Journey of the Bull Market (Seventeen)!
"The market's investment sentiment and expectations have begun to recover significantly." Xu Xiang, who was beside Zhou Kan, squinted his eyes slightly, and also stared at the changes in the two markets, and said, "When the market is inside and outside, more and more people are beginning to be optimistic about the market outlook. market, then when expectations improve, the so-called negative impact will be greatly reduced.”

"That is, when the market is clearly rising, everyone will deliberately ignore the corresponding bad news."

"At the same time, the good news will be amplified accordingly."

"The impact of the trend of the external market last night was obviously weakened in the gradual recovery of expectations and emotional developments. Of course... this is a good thing. At least it proves that our expectations and judgments are correct. The market is indeed gradually getting rid of the previous shock pattern. Make a substantial breakthrough upward.”

"Also, under the influence of such expectations and emotions, the trading ecology of the market should also undergo a fundamental change over time."

"What is the trading ecology? There will be a fundamental change?" Zhou Kan didn't quite understand.

Xu Xiang smiled, and continued: "The recovery of market sentiment and expectations will also promote the improvement of investors' risk appetite in terms of market investment and speculation. As the structure and trends gradually change, the likes and preferences of market funds will naturally change as well.”

"For example, under good future expectations, the current direction of the main board, a group of blue-chip stocks and white horse stocks that are near the historical limit valuation level, then... in the eyes of funds, they will appear to be very undervalued and obviously have investment value. Of the current popular leading concept stocks, the expected room for speculation will also grow with the market's recovery in investment sentiment and expected growth."

"Just like the two stocks 'Fushun Special Steel' and 'Chengfei Technology'."

"In the last week, it is impossible to hit such a tyrannical continuous daily limit trend, let alone show such a strong market expectation in the call auction on the breakthrough of the third board."

"'A bear market focuses on quality, and a bull market focuses on momentum'." Zhou Kan murmured the sentence again, and laughed, "It's really like this. It seems that in the field of the main line market, some concept leading stocks on the trend are growing simultaneously in the expected space. Under such circumstances, its hype height space needs to be reassessed.”

"Hmm!" Xu Xiang nodded slightly, "That's true, and only these stocks can be used as a demonstration effect to attract more off-market investors to enter the market if they have a market height and profit-making effect that exceeds expectations. ...There is nothing like the expansion of the profit-making effect that can attract the strong desire of off-market investors to enter the market. Similarly, only these stocks have played a demonstration effect, attracting the continuous entry of off-market investors and making active funds on the market Only when the size of the group is getting bigger and bigger, the market has the basis to continue to go bullish."

"after all……"

Xu Xiang paused, and continued: No matter what the expectations are, the amount of funds is the basis for all the market conditions. Without the growth of the amount of energy, and the continuous addition of incremental funds, the market will continue to rise and the market will rise in an all-round way. There is no way to talk about it. "

"Yeah!" Zhou Kan nodded in response, and then asked, "Boss, Fushun Special Steel and Chengfei Technology, which one do you prefer?"

Xu Xiang pondered for a while, looked at the call auction boards of the two stocks, and said with a smile: "The expected logic of the two checks is different, and the time to fulfill the expected is also different. From the analysis of the expected logic, "Fushun The rising logic of the special steel check is mainly due to the expected growth of future performance under the explosion of military industry demand in the "nuclear power", "domestic aircraft carrier" and several other main businesses."

"In addition, the stock price of this check has fallen low enough before, and last year's performance was also bad enough."

"This led to the expectation that the future performance growth of this cheque will explode rapidly, and at the same time, there was a strong difference in expectations between the strong follow-up expectations and the extremely weak previous expectations, which also brought about the skyrocketing stock price of this cheque. The situation of participating in the game with a large amount of funds.”

"However, the expected fulfillment of the future performance outbreak, as well as the actual implementation of the 'nuclear power' and 'domestic aircraft carrier' projects, will take as short as half a year and as long as a year to respond, which has led to the stock price of this check in the early stage. After the strong expected gap is filled, the follow-up trend will not be too smooth, and there is a high probability... In the follow-up trend, the active hot money group will gradually take profit and exit the market after the first wave of strong speculation, while focusing on medium and long-term expectations The institutional group may concentrate on this stock during the short-term correction of this stock."

"Generally speaking, the market trend of this check should be trend-oriented, rather than a wave of hype on the board. It is suitable as the leader of the main line of the entire 'infrastructure' and 'military industry'."

"Compared to the 'Fushun Special Steel' check..."

"The expected logic fulfillment cycle of 'Chengfei Technology' is completely different."

"Currently, this check is hotly sought after and hyped by everyone because it is the only stock that is expected to restructure in the direction of 'military industry reform and restructuring', 'military industry asset reorganization', and 'military industry enterprise mixed reform'. Such characteristics are superimposed' According to the basic logical expectation of the military industry line, the stock price naturally exploded."

"But the hype logic of this kind of restructuring anticipation stock is completely different from the hype logic of performance anticipation stock."

"There are only two possibilities of success and failure in restructuring expectations."

"In the early days of the news outbreak, expectations were definitely the strongest, and the difference in expectations was also the strongest, but the closer to the reorganization timeline that everyone expects, or the clearer and clearer the results of the reorganization, then the expectations will become weaker and weaker. Since the stock price reflects market expectations, the trend of the stock price is usually a wave of trends. After a wave of hype, after the restructuring expectations are raised, once the stock price falls into an adjustment, it will be difficult to regain momentum.”

"So, in terms of the expected future market trends of the two stocks..."

"In the short-to-medium term, 'Chengfei Technology' is obviously better than the other, but in the long-term, the two cannot be compared."

"Actually, these two checks..."

When Xu Xiang said this, he paused again, organized his language, and continued: "Today should be the point of divergence in the trend of the two. The possibility of 'Fushun Special Steel' continuing its daily limit today is very low. Maintaining a high and volatile trend, however, "Chengfei Technology" obviously has no pressure to break through the height of the third board, and... this check is very likely to become a well-deserved leader in concept hype on the market's short-term timeline."

"More than three boards can be expected."

"The upward five-board height, or even the seven-board height, is completely predictable."

"Of course, where you can speculate in the end, and how much height space you can play up, depends on the market, the specific fund acceptance situation, and the expected changes in the participation of various funds in the market. After all, leading stocks come to the back. Fund risk appetite and market sentiment are the most important things.”

"Understood!" Zhou Kan nodded, "It should be reasonable to continue to increase the position of 'Chengfei Technology' at the opening of the market."

After finishing speaking, Zhou Kan turned his attention back to the trading board of the two cities again.

At this time, the market has completed the call auction. The Shanghai Designated Index is at 2395.33 points, up 0.32%. The remaining stocks opened slightly lower.

From the perspective of the overall opening of the two cities, this situation is slightly higher than the expectations of the majority of investors in the pre-market market.

As for the popular main lines with high attention in the two cities, as well as popular industry sectors and concept sectors.

A number of industry sectors and concept sectors in the two main lines of 'Infrastructure' and 'Military Industry' have achieved different degrees of high growth; in the main line of 'Technology Growth', only 'Consumer Electronics' has slightly improved. The market rebounded, and the rest opened lower. Among them, the 'Internet Finance' and 'E-Commerce' sectors, which were relatively resilient yesterday, showed a clear compensatory decline during today's call auction.

Of course, even in the main line field of "technological growth", many concept sectors showed a general low opening trend.

However, its performance is still slightly stronger than the market investor group's expectations for this field.

After all, everyone thinks that the line of "technological growth" will continue to be brought down when the continuous decline of "LeTV" stops, and there will be a continuous panic-killing trend, but they don't want to. In addition to the "Internet Finance" and "E-Commerce" sectors, as well as the "Film and Television Media" sector, which had skyrocketed in the early stage and was most affected by the continuous limit-down of "LeTV" at the moment, there was an obvious trend of opening sharply lower. After two consecutive days of extreme declines, there are signs of short-term stabilization.

In addition to the performance of the main line of the market, the performance of industry sectors and concept sectors.

In terms of the performance of popular leading concept stocks with high attention in the two cities...

I saw that 'Fushun Special Steel' had a higher opening rate of 5.28% in the end, and the market trading was quite active, but the divergence of funds had widened compared to the previous two days; 'Chengfei Technology' had a higher opening rate of 8.63%, approaching At the price limit position, 7600 million funds were traded in a single call auction. The market trading is extremely active, and the enthusiasm for capital participation is also very high. , but still as high as more than 20 lots; 'Yinkou Port', which received so much attention yesterday, finally opened higher at 6.22%. On the market, the willingness to do more with funds is also very strong.

As for "Beijiang Communication Construction, Shanghai Construction Engineering, Tianshan Cement, Pudong Construction, Beijing Capital..." and other popular concept stocks in the field of "big infrastructure" in the early stage, although at this moment, most of them have achieved a high opening situation, However, the heat and the activity of market capital transactions have decreased compared to before.

Among them, 'Northern Xinjiang Communication Construction', the leading stock in the early stage, only opened about 0.5% higher on the dragon and tiger list yesterday, without the 'Fortune Road' smashing the market, and the market funds diverged greatly. It seems that the stock price is at this position, and it is difficult to continue to speculate.

And the weight of the fields of "infrastructure" and "military industry" such as "Huaguo MCC, Huaguo Railway Construction, Huaguo Construction, Huaguo Construction, Kewan Real Estate, Gemdale Group, Huahang Optoelectronics, Hangfa Power..." The large-cap stocks maintained an upward trend, slightly outperforming the gains of the Shanghai Stock Exchange Index, and were basically not affected by the callback at the end of yesterday due to insufficient market capacity. The sentiment on the market was still quite active.

In addition to the core main line and core individual stocks.

Although the performance of individual stocks in other markets mostly follows the changes in the broader market index, most of their capital transactions on the market, as well as the opinions of retail investors in the comment area of ​​individual stocks, are still developing in a good direction. gradually improving.

In general……

After the market officially broke through the suppression of the 2300-point point, the overall investment sentiment and investment confidence have undergone a more obvious change than before. , The wait-and-see potential investor group is already holding funds, attracted by the market's money-making effect, and is slowly entering the market.

Faced with such a situation of the opening of the two cities.

The vast number of investors in the market, whether they are retail investors, hot money from medium and large investors, private equity management institutions, public equity management institutions, or self-operated business groups of large financial institutions, are somewhat surprised in their hearts. They feel that this opening situation is somewhat out of the market previous psychological expectations.

At the same time, facing the good opening scene of the market.

During the topic discussion and the collision of opinions, we continue to be optimistic about the market outlook and intend to continue to be long on the expected views of market stocks, which still clearly have the upper hand. Under the hidden worries of the external market trend, the short forces have not successfully counterattacked, thus suppressing the bulls in the market strength.

During the discussion of the topic and the collision of opinions, after a short 5 minutes of emotional brewing.

The disks of the two cities, which were temporarily frozen, started to beat again after the time reached 9:30.

I saw that the market had just started to jump, and the stock price of 'Chengfei Technology', which had attracted much attention, went straight to the daily limit at lightning speed, and after the explosive volume of 1.2 million, it completely sealed the daily limit in less than half a minute , successfully crossed the pressure threshold of the third board.

Of course, the second seal limit of this check.

As a result, in the market, many investors who were optimistic about the market of this check were blocked from the buying channel before they had time to formally place their orders.

Immediately afterwards, at 9:31, driven by the daily limit of 'Chengfei Technology'.

The "National Defense and Military Industry" industry sector index, as well as its related concept sector index, have risen rapidly, making the entire "military industry" main line-related sectors once again occupy the top positions in the two cities' concept and industry sectors.

And at the same moment, the group of follow-up funds who failed to buy 'Chengfei Technology' overflowed instantly and flowed to 'Fushun Special Steel', which also received a lot of attention and was highly traded. As a result, the stock price of this check, within 1 minute, That is, it rose in a straight line, breaking through the 7% increase mark.

And 'Fushun Special Steel' rose.

It also stimulated its related sector indexes related to 'steel', 'nuclear power', and 'domestic aircraft carrier', as well as the corresponding component concept stocks within the sector to rise simultaneously, and the sentiment of capital following the trend also quickly spread from these sectors to the entire The main line of 'big infrastructure'.

So, after the opening, just 5 minutes.

Driven by "Fushun Special Steel" and "Chengfei Technology", as well as the rapid performance of the two main lines of "Military Industry" and "Infrastructure".

The Shanghai stock index has come below 2400 points, and it is one step away from breaking through this integer mark again.

(End of this chapter)