Rebirth of the investment era

"It's high again!"

At 9:16, inside Yuhang and Yuhang Investment Company, in the main fund trading room, Li Meng observed the changes in market conditions and frowned: "The market volume is weak and confidence is low. This kind of high opening situation may not only be impossible." If it continues, it will also increase the selling pressure on the market."

"It's a natural reaction of market sentiment." Su Yu took over and said, "The index opened higher, which is in line with the expectations of investors under the weekend sentiment."

"Of course……"

Su Yu paused for a moment and then said: "What you just said is also true. At this time, the index is opening high, and there is no sustainability. The market will continue to follow the inertia of the trend. The main speculation funds are still active in the market. We will not change our strategy just because of this short-term improvement in sentiment and favorable market conditions.”

"Then it is estimated that today is another situation of high opening and low going." Liu Yuan interjected.

"No matter what the trend is, it should not affect our position building plan." Wang Can also added, "Looking at the opening call auction of the 'military industry' sector, I feel that its overall performance is weaker than last Friday. , the buying power on the market was completely suppressed by the selling.”

"The selling pressure on the 'military industry' sector is indeed significantly heavier than the entire market in terms of performance." Zhao Lijun observed the performance of the two markets for a while, then took over and continued, "But this is understandable, after all, this sector On the last trading day, a lot of speculation funds were invested in chasing higher prices. Now these funds have discovered that this sector does not have any sustained profit-making effect, so they have sold out and are in the process of cleaning up."

"Isn't this exactly the result we want?" Zhu Tianyang responded with a smile.

"I think it's better to look at the trend in the formal trading stage after the call auction ends." Zhang Guobing thought for a while and agreed, "Although the market is opening high, it is not sustainable as a whole, and there is a high probability of opening high and moving low. However, in the 'military industry' line, the volume of selling has not expanded. This means that the two main funds on the market that followed us to raise funds in the early stage have not made any moves at present. If we do not wash away these two main funds, we will There are still a lot of concerns and hidden dangers in the warehouse building plan on this line.”

"What do you think...how can we wash away these two shares of funds on the market?" Su Yu asked with a smile.

Zhang Guobing thought for a while and said: "It's not difficult. Although the amount of chips we currently have in the 'military industry' line has not yet reached the point where we can completely control the market trend of this line, in terms of key trends, With a little influence and stimulation, it can still be done.”

"If the market continues to open higher and move lower as we currently expect,"

"The remaining bullish sentiment in the market will undoubtedly be strangled."

"Similarly, when market investment sentiment returns to the atmosphere of full venting of shorts, the active speculation funds in that market will undoubtedly continue to ebb."

"The main funds for speculation have receded, and the market's money-making effect continues to stagnate."

"In addition, the market has shown worse-than-expected trends time and time again under the stimulation of positive factors."

"I think panic selling will happen again."

"If the panic selling situation does happen again in the market, then we only need to focus on selling part of the 'military industry' chips in our hands at this point of complete emotional collapse, and we can finally get out of this line. There are still some major funds lurking that are unwilling to exit the market.”

"Decoy the market and kill it!" Su Yu understood after listening to Zhang Guobing's analysis, thought for a moment, and responded, "It's a good idea."

"Mr. Su, do you think it's feasible?" Zhang Guobing looked very excited after being praised by Su Yu.

Su Yu responded with a smile: "Why isn't it possible?"

"We are afraid that the market will not move exactly as we expected." Li Meng said, "This kind of 'inducing the market to sell off', the intraday timing is very important, and it requires the emotional cooperation of the market itself, otherwise... it will be extremely... It’s possible that we failed to kill the opponent on the board and lost our chips in vain.”

Su Yu nodded slightly and said: "At this time, any preliminary analysis is reasonable. As for whether it can be realized, we can only wait patiently and see if there is an opportunity."

After saying that, he turned his attention back to the trading boards of the two cities.

At this time, the market trading time has passed 9:20. After the initial call auction process, the two cities have entered the real call auction stage where orders cannot be cancelled.

Different from the time period from 9:15 to 9:20, the market showed an overall strong state.

The market performance at this moment has fallen a lot compared to the market at 9:15. In the two cities, there are only six industry sectors such as 'communication technology', 'electronic information', 'Internet applications' and 'film and television media'. The indexes of seven industry sectors remained in the red, while the rest of the industry sectors either remained flat or fell slightly. The overall strong state was no longer there.

Among them, the main areas such as finance, military industry, venture capital, infrastructure, and state-owned enterprise reform were among the main areas that performed well last Friday.

At this moment, they have become the main areas leading the decline in the market call auction. The trends of related industry sectors and concept sectors are extremely weak, and there is basically no obvious buying attention from the main funds.

In addition to overall performance, the performance of popular stocks in the market is also relatively weak.

Among the top 20 popular stocks in the two cities, most of them opened low, but opened strongly higher. Among the popular stocks with major buying orders, there are only a few stocks that are good for resumption of trading. Among them, like 'Shanghai Stock Exchange' Sanmao, Beijiang Communications Construction, Beixin Road and Bridge' and other popular stocks that have been speculated in the past have even opened lower by more than 1%.

"Looking at the collective bidding performance, the main funds in the market are focusing on the 'smartphone industry chain' and 'mobile Internet' fields." At 9:22, in the Shenzhen Stock Exchange, within Xiniu Fund Company, the main funds In the trading room, Mou Zhengxing, the trading team leader who has been observing the market trend, said, "On the whole, there is still no sustained main line market. Based on the call auction performance, if the market wants to have a better trend performance today, it is estimated that Enough."

Fund manager Fang Xinsheng nodded slightly and responded: "Looking at this, the index is obviously beginning to be immune to the market's positive effects, and the expectations of the majority of investors in the market are gradually lowering."

"Indeed, the good news does not rise, but the bad news plummets." Mou Zhengxing added, "This should mean that the market has entered the second half of the adjustment stage, right?"

Fang Xinsheng said: "It's hard to say. Let's see how the market sentiment is interpreted after the market opens!"

"Yeah!" Mou Zhengxing nodded, then thought for a while, and then said, "Mr. Fang, today's funds are transferred into the 'smartphone industry chain' and 'mobile Internet' fields for speculation. What is the logic followed? The motherboard cannot be lifted. Do you want to move to the small and medium-sized board and GEM to trade, slowly accumulate emotions, and find a sustainable main line of speculation that can be accepted by the market?"

Fang Xinsheng thought for a moment and said: "I don't think it's that complicated. I feel that the speculation funds that are still active in the market still follow the underlying speculation logic of 'oversold rebound'."

"What a rebound from oversold conditions!" Mou Zhengxing lamented, "Active funds on the market rely on this line for speculation, so today's market is doomed to be even more hopeless."

In recent times, the market has been experiencing good news, opening high and moving low, and falling continuously.

This has scared the active investor groups both inside and outside the market.

In this case, if there is no clear continuous profit-making effect in the market and no clear main line hype target, then these active capital groups who have become frightened and have temporarily withdrawn from the market will not decisively follow the trend and step in, and there will be no effective The incremental follow-up capital groups rely solely on the existing game on the market and some short-term benefits. It is simply impossible to activate the overall market situation and get out of the situation of high-flying and high-flying.

"The market's speculation sentiment, as well as the active main speculation fund group, has continued to decline." Fang Xinsheng responded, "At this time, relying on the 'oversold rebound' line to continue to rotate the market, the speculation funds may You will still get a bite of profit. If you really concentrate on attacking a certain main line, you will probably die more miserably and be trapped deeper!"

Mou Zhengxing said: "Isn't that true? It feels like whether it is the two core main lines of 'infrastructure' and 'state-owned enterprise reform', or the cyclical main lines such as 'Internet Finance', 'Big Consumption', 'Big Finance' or even 'Non-ferrous Metals' and 'Coal' The fields are basically all in the low range at the end of the adjustment. I am thinking...if the market can really form a unified force on one of these main lines, maybe the market can bottom out here and form a reversal trend."

"The low range is always a range." Fang Xinsheng replied, "How big is this range? In the process of market investment sentiment and the gradual reduction of expectations among market investors, no one knows where the real bottom is. For example, the Huaguo Petroleum check fell from the top of 48 yuan, and after being cut in half again, the position of 12 yuan was low enough under the conditions at the time, both in terms of valuation and market value, right?"

"At that time, it should be considered the low range you estimated, right?"

"But who would have thought that at this so-called bottom position, the stock price would continue to halve, and even drop another 70%?"

"The so-called extreme valuation is actually a fallacy."

"If we want to live longer and achieve more in the field of financial trading, we cannot simply guess the top and bet on the bottom. We must follow market trends and market sentiment."

"None of the speculator groups who are still active in the market are fools."

"Let's not talk about the main areas you just mentioned. How much capital is needed to trigger the market and create a sustained money-making effect. Just talk about these lines. Which one has a solid hype logic support at the moment? All or more Maybe it lacks some hype factors?”

"Compared to these main lines of the market..."

"In fact, the current 'oversold rebound' line is the only speculation area suitable for these remaining speculation funds."

"Only by speculating around this line, the selling pressure faced by these funds will not be so great."

"What Mr. Fang means is actually that market conditions are reasonable as they exist, right?" Mou Zhengxing thought for a while and responded, "Underestimation has its own logic to underestimation, and overestimation has its own logic to overestimation."

Fang Xinsheng smiled and said, "If we want to make money in the market, we have to understand the market in this way."

"But according to this understanding, it is okay when the market trend continues. Once the market style suddenly turns, our response will probably lag a lot." Mou Zhengxing said, "In the end, the market trend will not remain unchanged. I I think we still need to have certain forward-looking judgments and expectations.”

“Forward-looking predictions, analysis, and judgment are definitely needed.” Fang Xinsheng nodded in response, “But this does not affect the views I just mentioned. In the financial trading market, the so-called one step ahead is legendary. Being ahead of the curve is legendary. Two steps are martyrs, forward-looking pre-evaluation analysis can be done to avoid blind guessing at the top and buying at the bottom, but it is also absolutely important."

"One step ahead is a legend, two steps ahead is a martyr!" After hearing this sentence, Mou Zhengxing's eyes flashed faintly, and he smiled authentically, "It's so appropriate, indeed... In the financial trading market, one step is the difference between life and death. Yes, it is indeed inappropriate to blindly guess the top and buy the bottom.”

Fang Xinsheng smiled and nodded: "As long as you understand, this is actually the difference between choosing opportunities on the left and opportunities on the right."

"Yeah!" Mou Zhengxing nodded and responded, no longer asking questions, and turned his attention back to the trading boards of the two cities.

At this time, the market trading time had slipped to 9:25, and the market prices of the two markets were once again frozen after ten minutes of collective bidding.

In terms of the fixed market performance of the two cities.

The Shanghai Stock Exchange Index finally settled at 59 points, up 21%, while the Shenzhen Stock Exchange Index and ChiNext Index rose 32% and 39% respectively. The three major indexes all opened slightly higher. The opening results presented are compared with the pre-market and weekend markets. The emotional performance was obviously lower than everyone's psychological expectations.

As for the performance of industry sectors and concept sectors in the two cities in addition to the index.

The industry sectors and concept sectors related to the two main areas of 'Smartphone Industry Chain' and 'Mobile Internet' were among the top gainers. There were traces of speculation fund attacks on the stocks of their related core components. This was also the opening performance. The reason why the GEM Index is slightly stronger than the Shanghai Index.

In addition to the two main lines of ‘smartphone industry chain’ and ‘mobile Internet’.

The remaining main lines of the market that performed slightly in the early stage, as well as the industry sectors and concept sectors related to the major main lines, did not show satisfactory trends. They either followed the index fluctuations or opened slightly lower, and did not show any sustained trend at all. money-making effect.

Of course, in a number of weak market main lines.

The main themes of ‘infrastructure’, ‘state-owned enterprise reform’ and ‘military industry’ are particularly tragic.

Not only the relevant industry sectors, concept sectors, core component stocks, and the main funds on the market all showed outflows, but also the decline was relatively large. In the entire call auction, the selling power displayed was also particularly heavy, which was basically considered internal. All the main funds in the field completely gave up.