The investment era of rebirth

Chapter 707: Funds are flowing like water!
Just in the midst of this fervent bullish sentiment.

At 9:15, the call auction in the two cities began. As the stagnant market began to beat, nearly 2000% of the more than 90 stocks in the market all showed a trend of opening higher in the red market. Among them, 'Huake Suguang, Flush, Shanghai Sanmao, China Airlines Heavy Machinery, Blue Stone Heavy Equipment, Jinzheng Stock... these leading concept stocks that are popular in the market have even shown a trend of opening higher than the daily limit.

"It's a huge opening!"

At the moment when the market prices of the two markets began to jump rapidly, at the same time, in the Shenzhen Stock Exchange, inside Xiniu Fund Company, in the main fund trading room, Mou Zhengxing, the product manager of the 'Manniu No. 2' fund, stared at the market and said with emotion: "This market Isn’t the bullish sentiment a bit too strong?”

According to the moment of 9:15, the market pattern presented by the two cities.

If this pattern can be maintained until the end of the official call auction, Mou Zhengxing predicts that the high opening range of several core market indexes should be close to a point.

And this higher opening range, compared with the emotional performance before the market, is obviously somewhat beyond expectations.

Of course, from the perspective of the normal volume and energy performance during the call auction stage, as well as the changes in selling power... Generally, as the call auction time goes by, it is extremely difficult to maintain a sharply higher opening situation until the end without extremely heavy positive support. , forming a relatively perfect expected situation.

"Next Monday is the day when the Shanghai-Hong Kong Stock Connect is officially launched." Fang Xinsheng, the general manager of the company's asset management business standing next to Mou Zhengxing, also stared at the changes in the two markets seriously. Hearing his words, he smiled slightly and said , "Such a deterministic big positive, and at the same time, the external market trend is also supportive, and the concentrated selling pressure on the Shanghai Stock Index near 3300 points has been almost cleared up in Monday's rapid market correction. In this way...the upward pressure is reduced, It is also supported by the expectation of subsequent major good news. It is actually very easy to understand that some major financial groups with a deep understanding of the market rush to rush to raise funds before the good news comes to fruition.

With these major financial groups rushing away one after another.

When profit taking and arbitrage settlement cannot temporarily put upward pressure on the index and market, causing excessive pressure.

This sharply higher opening call auction situation in early trading today is easy to predict and understand. As far as this situation is concerned...it does not exceed many expectations before the market opens. "

"Looking at the performance of the main lines on the market, I feel that the new capital groups that have entered and the areas with strong follow-up are mainly 'securities, Internet finance, military industry, film and television media, and sub-new stocks'!" Fang Xinsheng Next to Mou Zhengxing, Liu Xin, who had been silent, thought about it for a while and said, "It is becoming more and more obvious that the strong market players will always be strong."

"Whether it is the trend of individual stocks, the trend of main line sectors, or the trend of core indexes... basically in the evolution of the market, the trend is getting clearer and clearer." Fang Xinsheng said, "'Securities, Internet finance, military industry, film and television media Although the recent market trends of these major sectors, namely, sub-new stocks and sub-new stocks, have far exceeded the performance of the Shanghai Stock Exchange Index, Shenzhen Stock Exchange Index and ChiNext Index over the same period, they are at a relatively high position in the short term.

However, if you analyze it carefully...

It is possible to obtain the certainty and follow-up expectations of the market conditions of these major sectors. It is still far stronger than other low-level main lines in the market that have not yet formed an obvious upward trend, and there is no large group of main funds to concentrate on adding positions to follow the trend and take over. and related concept sections.

Since the certainty of market development and subsequent expectations are higher.

Naturally, there is no reason why the major sectors of "securities, Internet finance, military industry, film and television media, and sub-new stocks" should not continue to be stronger than the market!
To put it simply, the market itself is actually the fairest.

After all, everyone buys and sells, and all they get is real gold and silver. The root cause of all rises and falls is the final choice of funds, or the concerted efforts of the capital group.

Since the concerted efforts of the market capital groups have formed such a trend and situation.

That means all of this is reasonable.

If it is unreasonable, the market will naturally correct it. Naturally, core sectors such as securities, Internet finance, military industry, film and television media, and sub-new stocks will not form the current market situation. "

"Mr. Fang makes sense." Mou Zhengxing responded with a smile, "In the trading market, we all know that to be strong rather than weak, the certainty and stock price elasticity of strong stocks are often stronger than that of weak stocks. After all, the main funds For groups to follow the trend, they must have strong enough investment logic or hype logic to support it."

Liu Xin smiled and said: "I'm not saying that the rise in core popular sectors such as 'securities, Internet finance, military industry, film and television media, and sub-new stocks' is unreasonable. I mainly think that the current market differentiation is still obvious. Yes, the so-called comprehensive bull market, for now... shouldn't be considered a bull market, right?"

"A comprehensive bull market... should not be counted at the moment." Fang Xinsheng responded, "Not long after the Shanghai stock index crossed 3000 points, investment confidence in and outside the market has fully recovered. In fact, it is full of calculations. It only takes more than half a month for a market to develop from birth to development. , and then from development to extreme, from extreme to end, it takes a certain amount of time to react.

At present, the so-called 'bull market' market should have just entered the stage of development.

In addition, when the core main lines with high market certainty and good expectations, as well as the weighted stocks in the core concept sector, are still undervalued or at a reasonable stage, it is generally difficult to achieve a comprehensive and sustained general rise in the market. occurring.

After all, as far as the trading market is concerned.

If funds are compared to flowing water, then the entire market is a huge lake.

In this lake, the major main lines, major industry sectors, and major concept sectors are puddles with different terrains.

When the lake is in a relatively dry state, the flowing water is not enough to fill the entire lake.

Then, when the external water flows in, it must first flow to the lower puddle areas in this lake.

And only when these lower-lying puddles are filled with water.

Then, the subsequent water flow will flow into other places, and eventually... until the entire lake is filled.

In other words, the market liquidity is not yet sufficient to raise the valuation level of all stocks in the market.

Then, newly added funds must be given priority to choose the most cost-effective market.

The easiest way to make money.

The certainty in all aspects is high, and the liquidity is abundant. The funds from various sources are also relatively smooth and active in following the trend, or in the corresponding core stock areas.

Only when these core main lines and leading stocks have higher certainty and ample liquidity.Driven by the continuous funding group, the stock price is gradually raised in valuation. In the market, it gradually loses its cost performance, or in other words, the money-making effect begins to weaken and is lost.

Then, the subsequent funding groups will slowly start other non-mainstream main lines.

And when this time.

If the market liquidity is still increasing, there will be a huge amount of incremental funds pouring into the market.

Then, will the sustained general rise situation truly occur, and the 'comprehensive bull market' situation mentioned by Mr. Liu will truly arrive at this time.

As for the emergence of this 'comprehensive bull market' situation.

There is no way of knowing exactly when it will happen.

We can only judge from the logic of market development. If the "bull market" pattern continues, if capital liquidity continues to be further relaxed and enlarged, if market investment confidence further increases, the overall market investment risk preference will continue to rise.

Then, the arrival of a 'full bull market' is bound to happen.

As for trading operations, we can only follow the development of market conditions and trends and do it slowly before the arrival of this 'comprehensive bull market'. "

"Agree!" After listening to Fang Xinsheng's analysis, Mou Zhengxing nodded and responded, "I also think that the current position should only be the starting point of this round of 'bull market', and the development of the entire market should also be the beginning." It has just started, whether it is the currently hot "securities, Internet finance, military industry, film and television media, sub-new stocks" sectors, or other main lines and concept sectors, there should be broad room for growth. Generally speaking... …During the six years since our A-share market sank to the bottom, the valuations of many stocks have deviated too far from their fundamentals. As long as the market liquidity is slightly sufficient, there is obvious flexibility in valuation recovery. , and there is obviously a need in this regard.”

Seeing that the two of them were still confident about the subsequent development of the market, Liu Xin smiled and said: "Not to mention, compared with the external market, at this stage, the average valuation of our A-share market is indeed very high in the world." It’s underestimated. If the market liquidity can continue to be above 7000 billion, the expectation of valuation restoration is indeed quite high.”

"So..." Fang Xinsheng smiled and said, "In a sense, as market liquidity becomes more and more abundant, almost all stocks in the current market have a very good price/performance ratio. It can be said that most stocks, bought at this time, can be regarded as high-quality chips, and holding these stocks, there is a high probability that you will be able to make money from these stocks in the future.

In other words, our A-share market is the big lake in the financial market.

At present, the water in the lake has not risen yet, and even the previously dry areas have not yet been completely saturated by the new flowing water, restoring the water level to the dry season. "

Following the simple conversation between the three people, there was an analysis of the market conditions of the two cities.

At this time, the market trading time has unknowingly advanced to 9:20, and the real collective bidding process has entered.

I saw that after the initial collective bidding session from 9:15 to 9:20.

When a large number of false orders were withdrawn at the moment approaching 9:20, the market situation of the two cities showed more obvious signs of retracement compared to the moment at 9:15.

Overall, though, there are signs of a pullback.

However, among the more than 2000 stocks in the two cities, almost 85% of the stocks still maintained a red and high opening situation.

Among them, 'Huake Shuguang' maintains a one-word daily limit trend, and on the market, it is planned to match the trading orders, and there is no heavy volume. There are only 378 lots, but the daily limit orders on the market are as many as 32. Look at this Situation... It is obvious that this check will most likely reach the daily limit today.

The stock price of Flush has fallen back to 9% from the daily limit at 15:5.22, and there are more than 3700 trading orders planned to be matched on the market. It seems that... as the call auction time goes by, its opening is higher, and there are There is an obvious risk of a pullback under pressure.

'Shanghai Sanmao' still maintains a one-word daily limit trend.

However, although its stock price can still maintain the daily limit, its daily limit orders have been significantly reduced to less than 10000 lots at this moment, and the number of orders to be matched on the market has expanded to around 6000 lots. According to this market pattern, when When the call auction ends, there is a high probability that this check will not be able to reach the daily limit, and its stock price will also most likely fall back.

The stock price of 'Blue Stone Heavy Equipment' has also dropped from the daily limit to 4.12% at this moment.

There are also popular concept leading stocks such as China Airlines Heavy Machinery, Leiman Optoelectronics, and Ciwen Media. The market gains at this moment have dropped significantly compared to 9:15.

And like the check of 'flying integration'.

At this moment, from 9:15, it opened sharply higher by 3.75% and retreated to a lower position of 1.12%.

In general……

As the market's popular sectors, the core stocks of the 'Securities, Internet Finance, Military Industry, Film and Television Media, and Sub-New Stocks' sectors have fallen significantly compared with the market performance at 9:15, while other main areas, industry sectors, and concept sectors have fallen significantly. , those stocks that did not open much higher at 9:15.

At this moment, the decline in gains was not obvious.

In fact, many low-priced stocks that were not intensively speculated by funds yesterday, and were discovered by everyone after a day of fermentation, and can be related to the core main line of the market, are still rising steadily at this moment, and the call auction trend shows , and it’s getting stronger and stronger.

"As expected, it fell back. I knew that the market would open too high and it would definitely not be stable!"

At 9:21, in the Magic City, inside Zexi Investment Company, in the main fund trading room, Zhou Kan stared at the rapidly changing disks of the two cities and said with a smile: "Everything is too much, and 'securities', 'Internet finance', 'film and television' The short-term gains in the media' and 'sub-new stocks' sectors are already considerable. If we continue to attack with such force and continue to open higher, the pressure on the market will only increase."

"There shouldn't be much of a problem with today's market conditions." As Zhou Kan lamented, Xu Xiang, who was sitting next to him, said with a smile, "What you should be worried about is next Monday!"

(End of this chapter)