Rebirth of the investment era

"Hey, I finally escaped. I hit the limit three times in a row. This round of losses... I really doubt my life!"

At the moment when the price limits of Beixin Road and Bridge and Beijiang Communications Construction were loosened, and the other two main lines of 'infrastructure' and 'state-owned enterprise reform', which were highly popular stocks in the early stage, also quickly retracted their losses, the entire stock trading platform discussion area finally The retail investors who escaped from the price limit couldn't help but sigh.

"Including the floor trend of Beixin Road Bridge last Thursday, the losses in this wave are more than three limit-downs."

"I lost the profits accumulated in two months in three days, and my account equity has returned to the level of the beginning of March. Sigh... I have worked for two months in vain. It is really difficult to make some money in the stock market."

"Do you still want to make money? It would be good if you can get your money back."

"Our Big A is actually a high-consumption place, not a place to make money at all."

"Haha, make money at work and spend money in the stock market... There is really no problem with this point of view."

"The trend of the entire market is still easy to fall but difficult to rise. I have not said... This trend is going in. No matter when you sell, you will not be wrong."

"To be honest, since the regulators insist on restarting the IPO at this time, we can't blame everyone for voting with their feet."

"This market trend is really hopeless. Let's quickly drop it back to 2,000 points, sell it... clear the position and close the account. Out of sight is out of mind."

"The Shanghai Composite Index broke through 2,300 points without any resistance. If there is no accident in this trend, it will definitely still fall sharply today."

"Before the market officially opened in the morning, I knew that the Shanghai Stock Exchange Index would definitely not be able to hold on to 2,300 points. Let's wait and see... Today, the Shanghai Stock Exchange Index may go straight to 2,350 points."

"The first effective support point below is the 2200 point position, and it is estimated that it will definitely be reached."

"Not only can it definitely be reached, but whether it can hold on is still a huge question."

"No matter how the index goes next, Beixin Road and Bridge, Beijiang Communications Construction, and Shanghai Sanmao, a group of leading stocks in the 'infrastructure' and 'state-owned enterprise reform' that were hyped in the early stage, will definitely not be able to return to their high points, right?"

"What are you thinking? For a stock that has been heavily speculated in a short period of time, if the market trend reverses, the stock price will at least be cut in half. How can you still dream of turning around?"

"The entire main line of 'infrastructure' and 'state-owned enterprise reform' has collapsed. At this time, I am still thinking about the dragon turning around, and I am afraid I won't wake up!"

"Three consecutive drops to the limit, including a sky-high floor. This is already a trend that has almost been cut in half. The rational approach at this time is to stop the loss unconditionally."

"Indeed, the fear of stock trading, especially short-term trading, is not stopping losses."

"Sell it if you can. With this rubbish market, there really is nothing to hope for."

However, just when everyone was unanimously bearish and their views were relatively pessimistic, at 10:17, Beixin Road and Bridge and Beijiang Communications Construction, which had already loosened their lower limit, suddenly experienced a series of huge bottom-buying orders. Not only did The lower limit was pried open directly, and the stock prices of the two stocks suddenly shot up from the lower limit like a bolt of lightning. The decline narrowed to less than 5% in one minute.

"Damn it, you can't cut the meat to the floor, can you?"

Seeing the two popular leading stocks in the early stage reversing from the lower limit and frantically retracting their losses, in the comment area of ​​the trading platform where the discussion had been heated, some retail investors who had just cut their flesh at the lower limit suddenly burst into tears: "What the hell... This trend is simply poisonous!”

"The owner has bought at least 10 large orders of 10,000 lots in a row. Could it be that... this is a reversal?"

"Who just said that we should sell it as soon as possible? This slap in the face should not come too soon."

"Hey, it falls when I chase it, and it rises when I cut it. I just can't figure it out. Is this my hand that I've been using? Every operation can be reversed perfectly."

"Brother, please let me know next time you buy something so I can run away."

"You can just tell me when you sell it, so I can buy it easily."

"Here, I just said that the market trend is rubbish. Unexpectedly, in only about 10 minutes, the entire market situation has completely reversed."

"Damn it, after the two main lines of 'infrastructure' and 'state-owned enterprise reform' oversold, everything will explode!"

"The decline in the Shanghai Stock Exchange Index has also shrunk to less than 1%."

"In addition to the two main lines of 'infrastructure' and 'state-owned enterprise reform', many stocks in the field of 'growth stocks' in the direction of small and medium-sized boards and GEMs have also experienced rapid rises, especially the stock of Oriental Fortune. Just these 10 stocks After more than a few minutes, the upward momentum was too strong, and the rebound was almost 6 points."

"Except for the defensive sectors such as 'big finance', 'consumer' and 'pharmaceutical' which performed relatively strongly last Friday, which will continue to make up for losses, other sectors seem to be picking up. It feels like the market has returned to the familiar rhythm in the early stage. Well, the two main lines of 'infrastructure' and 'state-owned enterprise reform' are still leading the counterattack."

"Is this the so-called exhaustion of all the disadvantages and the benefits?"

"I've really seen this change in market trends. It's really killing people."

“Looking at the market, a lot of money has entered the market to buy the dip. I don’t know if it’s an illusion, but I feel like the market is going to be red today!”

"Adjustment is over? It shouldn't be!"

"I also feel that the IPO restart is so negative that it is not easy to digest. However, the current market trend shows that the adjustment seems to be over."

"Hehe... So there is hope for Long Huitou's market?"

"Holy shit, shit...Fortunately, I didn't listen to everyone just now and restrained myself from selling Beixin Road Bridge at the lower limit. It's already back to 8 points just now."

"Haha, I bought Beixin Road Bridge at the bottom of the price limit. The floating profit is now 8 points. It feels like a dream."

"The market has returned to a familiar rhythm, and the two main market trends of 'infrastructure' and 'state-owned enterprise reform' have once again taken the lead in rebounding. I feel that the leading stock of Beixin Road and Bridge can still rise!"

"It must be a red market and it must drive up market sentiment."

"Let me go, it's already red. It's straight up by more than 10 points. The leader is indeed a leader. This amplitude, this trend... is simply breathtaking."

"Look at the nearly 200,000 selling lots that were just bloodbathed at the lower limit. It's really tragic."

"Hey, I have to say that we retail investors really can't beat the main players. Before the news of the IPO restart came out, the market only had a little bit of news about it. As a result, the whole market was instantly shaken, and the index fell sharply. But When the news of the resumption of IPOs became clear, the market, which had continued to plummet, ushered in vitality. How could we keep up with this trend and this expected operation?"

"Hey, stop talking. I've lost 30%. I'm cutting my skin on the floor. Now I'm watching the stock price rise. I really want to die."

"After cutting the meat, I was furious when I saw this trend."

"Hey, I suffered a huge loss, lost my chips, and missed the opportunity to rebound perfectly. Everyone...you think I can chase the highs and get back at this moment, is there any chance?"

"Let's look at it again. What if this 10-minute rebound is just a flash in the pan?"

"Yes, overall, today's market has shrunk significantly compared to the previous trading days. Even if we only look at the rebound of these ten minutes, the time-sharing volume has not reached the intraday time-sharing capacity of the previous trading days. At the peak position of energy, I think... it is better to be cautious when chasing higher."

"Hey, I'm not afraid of falling back again. I'm just afraid that it will continue to rise. I don't have any chips in my hand. I'm really panicking."

"Understand, especially when you have survived all the declines and then rebounded perfectly."

"I still feel that the negative effects of the IPO restart cannot be digested so quickly. The market's rebound here...could it be another bullish temptation?"

When the market enters a rapid rebound, and at the same time, the time-sharing volume can expand year-on-year, the major indexes and the popular main lines that have plummeted in the early stage have retracted their losses and gradually shown a strong state, even though many retail investors have begun to realize that something is wrong. , one should not be overly bearish, but when the market has not been completely clear and the intraday decline has not been completely reversed, everyone's wait-and-see mood is still too strong.

Of course, with this strong wait-and-see mood, at 11 o'clock in the morning during the trading time, the Shanghai Stock Index returned to the 2300-point mark and quickly turned red. At the same time, Beixin Road and Bridge, the core popular leading stock in the two cities, jumped to an increase of more than 5%. , when showing the possible ground-to-floor trend, it began to collapse again in an instant.

Immediately afterwards, retail investor participation, that is, the market's ability to follow suit, began to grow rapidly.

At 11:05, the 'Kumho Group' in the real estate sector took advantage of the relatively small circulation market and easy speculation, and hit the daily limit first, directly opening the way for the return of the king of the real estate sector.

At 11:10, the real estate sector index rose by more than 2%, returning to the top of the list of industry sectors in the two cities.

At 11:15, the important GEM component stock 'Oriental Fortune' was suddenly pushed up to the daily limit by multiple consecutive large orders of 10,000 lots, which surprised many investors who paid attention to this stock, but no matter how surprised everyone was, they benefited Due to the riots of 'Oriental Fortune', the entire 'Internet Finance' sector, as well as the high-growth areas of the Small and Medium-sized Board and GEM Board, have all come alive. Countless stocks are scrambling to rebound at full speed. At the same time... In the past few trading days, because The market continued to plummet, and many major funds that were forced to be trapped in the market began to take advantage of this sudden burst of bullish sentiment to save themselves.

At 11:21, Beixin Road and Bridge continued its upward attack, pushing the increase to about 7%.

At 11:26, MCC, a low-priced large-cap blue-chip stock, also began to riot in a straight line, with the price jump jumping from deep water to about 3%.

Finally, at 11:30, the two cities closed at noon.

The Shanghai Stock Exchange Index was set at 2321.22 points, up 0.33%, while the Shenzhen Stock Exchange Index and ChiNext Index rose 0.45% and 0.52% respectively.

In addition to the index, in terms of the overall market performance of the two cities, 'infrastructure', 'state-owned enterprise reform', 'Shanghai Free Trade Zone', 'Internet finance', 'film and television media' and other early popular themes have once again become a significant initiative for market funds. The protagonist of the attack has become the core force supporting the market.

As for the defensive main areas such as 'big finance', 'consumption' and 'pharmaceuticals' that performed well last week.

Today, after the market entered the oversold rebound rhythm that exhausted all the negative news, it became weak again and became the main line area that obviously compensated for the decline in the session. It was precisely because of the compensation for the decline in these major defensive main areas that the Shanghai Stock Index rebounded. In terms of growth rate, it lagged behind the Shenzhen Stock Exchange Index and the ChiNext Index.

After closing at noon, we faced the market performance like this morning.

Both the large group of retail investors inside and outside the market, as well as the many hot money and institutions active in the market, are somewhat surprised and surprised by this.

"What was bad turned out to be good. This morning's market trend really perfectly explains this sentence!"

After the market closed at noon, during the lunch break, in the Shenzhen Stock Exchange, inside Xinniu Fund Company, in the 'Manniu No. 1' fund trading room, fund manager Fang Xinsheng had to sigh with emotion after a brief review: "The game of market sentiment, the market trend The performance is truly unexpected and yet just within reason.”

"Indeed." Mou Zhengxing, the leader of the trading team next to Fang Xinsheng, responded, "Every negative is good, and every good is bad. This kind of market interpretation is always happening in various financial markets. How can we grasp it? There are always only a very small number of people, but... it just so happens that the market reacted in this way, otherwise it would not be easy for our fund to withdraw from its position."

Previously, due to the disadvantages of the company's news channels and their insensitivity to market reactions, the company's entire main fund completely missed the best window to reduce positions before the bad attack. If the heavy bad news about the IPO restart is not in It was announced last Friday and will continue to be delayed for a few days. According to the degree of panic in the entire market, once the negative news does not materialize, the index's decline will probably be difficult to materialize.

In this way, under the concentrated and continuous selling and the continued decline of market liquidity.

It is not easy for them to quickly reduce their positions and avoid excessive profit taking and losses.

"Looking at the trend of the market in the morning, it seems that the original rhythm has returned." Behind the two of them, Liu Xin, the general manager of the company, said with a little joy, "Does this mean that the market storm has passed?"

Fang Xinsheng thought for a while and responded: "Mr. Liu is too optimistic. It is actually too early to say that the storm has passed at this time. Today's rebound is just a short-term emotional game on and off the court, and it cannot determine the medium and long-term future of the market." Trends and trends change, and how the market will ultimately go... It also depends on how much market confidence is left in the context of the IPO restart, and how much of a blood-sucking effect it will have on the market after the IPO restart. These are the only two factors. Only when it is clear can the mid- and long-term trends of the market be relatively clear.”

Liu Xin heard Fang Xinsheng's words, thought for a moment, and said: "Then according to what you want, we should continue to reduce our positions as planned? Can't we be greedy for the small profits from the market rebound?"

"This is natural!" Fang Xinsheng nodded firmly and said, "The market risks are still not fully released. There is no reason for us to give up the original plan just for this small profit, and... I guess there is a high probability that this is just a decline. Following this, I am afraid that there will still be a long road of adjustment for the follow-up index!

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