The investment era of rebirth

Chapter 723: Institutional cognition and structure!

In the main line of "big infrastructure", there are a number of "Hua" core weight stocks such as "Huaguo MCC, Huaguo Construction, Huaguo Railway Construction, Huaguo China Construction, Huaguo Communications Construction...".

It basically follows the trend of the main line of 'big finance' and fluctuates synchronously.

However, the strength of the market trend is relatively weaker than the main line of 'big finance'. These core weight stocks, in terms of closing results, only slightly outperformed the two city market indexes.

As for the popular stocks in the main line of 'technology growth'.

Popular stocks such as 'LeTV, Wangsu Technology, Huaguo Software, Inspur Information, Huayi Brothers, Enlight Media, Huace Film and Television...' are relatively weaker than the core popular stocks in the main line of 'big infrastructure' , the closing increase was basically in sync with the Shanghai Stock Index.

But the performance of these stocks.

Compared with pure concept stocks in small and medium-cap stocks, as well as a number of stocks in the low-level main line field, there are still main funds to continue to undertake, and the buying volume is obviously larger.

Faced with the closing results of the two cities...

Most of the investor groups inside and outside the market are quite satisfied.

It's just that a group of investors who have chased up low-level mainline fields such as "big consumption, non-ferrous metal cycle, coal, petrochemical industry, pharmaceutical business..." feel a little disappointed and dissatisfied in today's session.

“Today’s market trend is simply unexpected!”

"Today, there is something wrong with the main funds in the low-end sectors such as "big consumption, non-ferrous metal cycle, coal, petrochemical industry, pharmaceutical business...", right? You said... just pull the market properly, otherwise you will continue to make money. Secondly, I also lost the sentiment of continuing to do long in these sectors, I don’t know why?”

"For the market to be like this, I don't blame the main funds in low-level main sectors such as "big consumption, nonferrous metal cycle, coal, petrochemicals, pharmaceutical business..." but only the main investment logic of the market's "high-low switching". It has been unanimously recognized by the main financial groups of all parties in the market, but there has not been a final unified force of main funds, so this trend of rising and falling has occurred."

"It's not that simple. I feel that the main force is to attract more funds and deliberately pull up low-level main lines such as 'big consumption, non-ferrous metal cycle, coal, petrochemical industry, pharmaceutical business...', so as to make 'big finance, big infrastructure, military industry, and science and technology grow'" The unstable bargaining chips on several major core lines were smashed out."

"No, it's too insidious..."

"Absolutely, during the early trading period in the morning, the rapid rise of the core main lines of 'big finance, big infrastructure, military industry, and technology growth' was obviously insufficient in terms of volume and energy. Compared with the previous trading days, the volume of energy has declined. And the rapid upward attack of shrinking volume will inevitably be difficult to break through when encountering concentrated pressure on the market, so the main financial group in the market guided this washout behavior."

"So, all the funds chasing the core stocks of low-priced sectors such as 'big consumption, non-ferrous metal cycle, coal, petrochemical...' today at high levels have all been taken advantage of?"

"Isn't it just a case of being taken advantage of?"

"Here, why didn't I think of this level?"

"Hey, holding shares is like being a widow. You really shouldn't be greedy for the so-called 'low-level supplementary increase' profits and lose the bargaining chip of 'Hua Investment Capital'."

“With the recent market fluctuations, it’s really impossible to hold shares without any faith.”

"The main force is too treacherous!"

"The core chips of the 'Big Finance' main line that were lost today will be difficult to get back in the future, right?"

"Looking at the market trend of the core main line of 'Big Finance', it is obvious that the trend has not ended yet. There is a high probability that the popular weighted stocks related to this core main line will continue to open higher tomorrow. If you want to take back the chips at the original price, It’s basically unrealistic, but there’s no problem in chasing high prices and buying.”

"Cut the meat and then chase it back? You can't... What if there is another major adjustment in the main line of 'big finance' while pursuing the main line of 'big finance'? What will happen? Aren't both ends harvested?"

"But it's not good to cling to these low-level main-line chips that are obviously not within the hot spot of the market's main-line market, right? These low-level main-line chips have held a lot of funds chasing the intraday highs today, and most of these funds are The short-term capital group, like this...these new funds entering the market, after discovering that the market logic of 'high-low switching' does not work at all, will definitely cut the meat and stop the loss and leave the market tomorrow, and when the meat-cutting plate is concentrated on cutting the meat, , and at the same time, there is no new major positive support in these low-level main lines, and the investment sentiment of bulls cannot evolve. Therefore, the trend of these low-level main lines tomorrow, and even in the following period, will definitely not be optimistic."

"Well, I think so too... For stocks that don't move as expected after buying, it's better to cut the meat in time to avoid getting deeper and deeper."

"Isn't this a bull market? Can it still be trapped?"

"In a bull market, not all stocks in the market and all major sectors will rise!"

"Furthermore, even if the market's main line market will continue to rotate into these low-level main line areas in the future, it will definitely be realized when the current core main lines of 'big finance, large infrastructure, military industry, and technological growth' are expected to be fulfilled. Compared with the low-level main line, These stocks no longer have investment value for money, but at present...it is obviously not the time to switch between the high and low levels of the main line."

"Although the market is a bull market, the time cost of investment is also very precious. You must know that our Big A is always a market where bulls are short and bears are long. If the bull market does not seize the opportunity and make more money, it is possible to miss a few waves. The market will eventually return to a bear market, and it will definitely be more difficult than now to make some money by investing in the stock market."

"Yes, yes, the cost of trading time in the bull market stage is very expensive. At this stage of the market, it can be said... if you don't make money, you are losing money."

"It makes sense, what the heck... I will resolutely stop losing the position that I chased up today tomorrow."

"In the securities sector and the Internet finance sector, in the past half month, the related core concept stocks have generally nearly doubled, right? In the short term, can they continue to rise?"

"The so-called market situation always starts from despair, develops from doubts, rises from consensus, and ends from madness. At present, it is obvious that everyone has concerns about the 'securities' sector and the 'Internet Finance' sector. I still have doubts about the market trend. Judging from the fact that the divergence is not the end of the market, but the development stage of the market, the market of the securities sector and the Internet financial sector must not have reached the top yet. Of course... there is still room to continue to rise. How much, where the market will end, and whether it will continue to rise in the short term, only God knows.”

"In fact, as long as you confirm that the current market trends of the 'Securities' and 'Internet Finance' sectors have not peaked yet." "Yes, as long as you confirm that the overall market trend of these two sectors has not peaked, then you can continue to hold these sectors. stocks in this area, as well as increasing positions in stocks in this area.”

"At present, there should be no main line market that is more certain than the 'Big Finance' line, right?"

"Originally, the two lines of 'big infrastructure' and 'military industry' are quite certain, supported by the expected logic of the 'reform and reorganization of central and state-owned enterprises' and the development of the macroeconomic strategy of 'the road to the new era and the Maritime Silk Road'. Unfortunately, as far as the current situation is concerned, the valuation of the core stocks of these two main lines is obviously not as advantageous as the valuation of the one-vote weighted core stocks within the main line of 'big finance'."

"After analysis, we all know that in the bull market, the market trend of the core main line of 'big finance' and the realization of expectations are definitely not over yet. But in actual operations, we can see that this main line continues to push forward. The short trend, as well as the increasingly serious divergence of the technical trend, are always afraid of a sharp correction if I buy, and I can’t make a move. Sure enough... trading is easier said than done.”

"There is a saying, 'People who are afraid of heights are miserable', isn't that true? Hey..."

"Actually, the essence of this sentence is wrong. It should be said that those who are afraid of high stock prices may suffer. However, as for expectations, too high expectations and market consistency will still have a high probability of causing stock price trends. On the contrary, it is not as good as expected, so I think it is completely appropriate to increase in this regard. Of course... the current transaction volume of the two cities continues to set a new record high, and the scale of the balance of financing and financing also continues to set a new record high. New capital groups in the market are flowing in on a large scale every day. Considering these aspects, the line of 'big finance' is indeed far from reaching the expected peak, and the main capital groups of all parties in the market, and even a large number of retail investors, are not interested in this line. The core main line market trends are completely consistent.”

"Yes, and to talk about the technical divergence... In the main line of 'big finance', especially in the securities sector and the Internet financial sector, many component stocks have indeed experienced serious technical divergence on the daily line, but as you can see, If you look at the weekly and monthly charts of these stocks, you will find that these stocks have just bottomed out. The weekly and monthly charts have just begun to make golden crosses. We all know that technical deviations can be passivated and repaired. , that is to say... the maximum adjustment, the 'big financial' line, under the influence of such strong expectations and continuous buying, will only digest the temporary excessive selling on the market through sideways fluctuations, and will not There will be a sustained sharp correction, at least not until this core main line is fully realized.”

"Damn it, stop analyzing it. The more I analyze it, the more panic I get. I just cleared my position in CEFC Securities today."

"It doesn't matter, just buy it back tomorrow. Anyway, the check volume of 'Huaxin Securities' is about 100 billion every day. The liquidity is simply not sufficient. We are not such a large-scale main institution. We have such a small amount in our hands." With funds, you can buy and sell at any time!”

"Yes, the boat is small and easy to turn around. This should be our only advantage as retail investors compared to institutions."

"Indeed, it is convenient to stop loss and take profit, so we must use our advantages..."

"Today's dragon and tiger rankings in the two cities should be exciting, right?"

"You can look at the capital components of today's popular core stocks in the main line of 'big finance', followed by 'big consumption, non-ferrous cycle, petrochemical, coal...' and other low-level main line core stocks. Who is buying and who is selling? "

"To be sure, those who are selling the main stocks of 'Big Finance' today will definitely not be the main funds of Mr. Su's 'Yuhang Department'."

"Mr. Su will definitely continue to lock up the warehouse..."

"Hey, it would be great if I had the determination to hold positions like Mr. Su. I always like to make random moves. As a result, after trading for a long time, it is often better to just hold the stock without moving."

"I also hope to have Mr. Su's determination to hold shares, but I can only think about it. It's simply impossible."

"It's very difficult. When you see the stocks you hold plummeting or rising sharply, it's hard not to operate."

"It must be difficult. Otherwise, how can we say that Mr. Su is the only 'stock god' figure in our big A? Positions worth tens of billions or hundreds of billions of funds can be completely achieved when there is no obvious turning point in the main market. Don’t hold your position.”

Amid intense discussions among retail investors across the Internet, as well as various post-market in-depth analyses.

Time flies forward.

Unconsciously, 5:30 pm arrived, and the rankings of the two cities were refreshed.

According to the disclosed data of the Dragon and Tiger Lists of the two cities, there are a total of 37 stocks in the two cities on the list, and half of them still belong to the core main areas of 'big finance, big infrastructure, military industry, and technological growth'. This shows that It has determined the main direction of attack by active capital groups in the market.

I have never left these main areas at all.

And based on the trading seats disclosed by a number of popular stocks on the list.

Among the seats on the list today, in addition to hot money and institutions, there is also an exclusive seat for Shanghai-Hong Kong Stock Connect. Moreover, the single-day buying volume of this exclusive seat today reached 6.78 million on the list, which is fierce.

On the whole, institutional seats still show a net buying trend on the list.

But if we look at it separately, in the popular core main areas of 'big finance, big infrastructure, military industry, and technology growth', institutions are indeed clearly net selling today, and their main direction of increasing their positions happens to be that there is a clear surge in the intraday. Returning to the low-level main areas such as 'big consumption, non-ferrous metal cycle, petrochemical industry, coal, pharmaceutical business...'.

In other words, on the dragon and tiger list.

There are obvious differences between the main domestic institutional capital groups and the newly-entered "Shanghai-Hong Kong Stock Connect" capital groups in the main line market switching.

However, in general, the trend of net inflows of main funds has not changed.

The development pattern of the mainline market development in the two cities and the development of individual stock market conditions, mainly focusing on core weight stocks on the main board and high-quality blue-chip stocks, has not changed.

Of course, through the data of the two cities’ dragon and tiger rankings.

The vast number of investors inside and outside the market have also seen clearly who is guiding the main line of "high-low switching" in the development of today's market conditions, and who is continuing to increase their positions on a large scale and the essence of the main line of "big finance". At the same time, It also exposed the shallow position holding pattern and very average market understanding ability of many domestic institutions.

(End of this chapter)