Rebirth of the investment era

Old Chen chuckled and said, "Yes, that's what I mean!"

"Look at how far this kid can go in the future!" Lao Fang said with a smile, "In the domestic market for more than 20 years, there are countless people shining like comets, but there are only a handful of people who are stable like stars. It can be said that wealth can easily lose one’s eyes and hinder one’s future.”

"That's true!" Lao Chen nodded, "I hope he can keep certain bottom lines."

The two of them chatted nonchalantly...

As the entire financial community in China, people from various institutions and retail investors have intense discussions on the topic of "bull market theory" mentioned by Su Yu.

During the May Day holiday, for the remaining two days, the investment sentiment in the entire market has been high and exciting.

Finally, in this relatively hot mood.

On Monday, May 5, after the market was suspended for four days, the over-the-counter market rebounded for two consecutive days during the holiday. With the bullish sentiment significantly restored, the market once again ushered in a new trading day amid much attention.

At 8:40 in the morning, Su Yu and Li Meng came to the company.

Su Yu convened the company's management for a morning meeting, then browsed some important information on the entire market, then went to the trading room and waited for the market to officially open.

"Master, judging from the current market sentiment, the index opened high today. There should be no suspense, right?"

In the trading room, Liu Yuan, the leader of the 'Yu Hang No. 2' fund trading team, made all preparations for the transaction and asked Su Yu with a smile: "The U.S. stock market rebounded for two consecutive days during the May Day holiday, and the total rebound was With an increase of close to 3.5%, coupled with various good news released by the market during the holidays, and the return of over-the-counter funds after the holidays, today’s index should open higher by more than 1%, which is in line with expectations.”

"There should be no suspense about opening higher," Su Yu said. "As for how high the opening will be, that's not necessarily the case."

"Opening too high will not be conducive to the subsequent market development, right?" Zhao Lijun, a core trader of the 'Yuhang No. 1' fund trading team, said in the trading room.

"Why?" Wang Can asked nonchalantly.

Zhao Lijun pondered for a moment and then said: "First of all, there are still a lot of profit orders on the market, especially the two core main lines of the market, 'infrastructure' and 'state-owned enterprise reform'. If the index opens significantly higher, these profits will The short-term profits of the market are rapidly expanding, and their desire to sell and lock in profits will be very strong."

"Similarly, when the desire to sell for profit increases sharply."

“Due to the sharply higher opening of the index, some incremental funds on the sidelines that originally wanted to increase their positions and follow up, found that the market did not have the right price they wanted, and the selling pressure on the market increased sharply, it was obvious that they would also Hesitation, thus causing the market buying to weaken relatively."

“On the one hand, the desire to sell for profit has increased sharply, and on the other hand, the desire of incremental OTC funds to follow suit and chase positions has weakened.”

"Under the mutual influence of the two..."

“It’s easy for the index to open sharply higher and dive back down.”

"Once the index opens sharply higher and then falls back quickly, the impact on market sentiment will be considerable, and the subsequent intraday trend will naturally not be optimistic."

"On the contrary, if the index opens slightly higher, it will not have such an effect."

After all, if the index opens slightly higher, it will not immediately reach the profit-taking expectations of many profit makers on the market. Their desire to sell will not be too strong. For those who have insufficient positions before, those who want to follow the trend will not For OTC funds, the market's slightly higher opening not only shows the strong state of the market, but also gives them a relatively good price to follow the trend. Naturally, the sentiment and effect of following the trend will not be much worse. "

"In this way, selling will weaken and buying will increase, and the market will go much better after it opens."

"Lijun makes sense." When Zhao Lijun analyzed the opening of the index, Su Yu nodded slightly, agreed, and then said, "Based on the current market situation, a slightly higher opening of the index is indeed more beneficial than a sharply higher opening. The subsequent interpretation of market conditions will also be more conducive to today’s subsequent intraday trend.”

"But according to the current aggressive market sentiment..." Li Meng said, "The moment the market opens, it should be the high point of market sentiment throughout the day. Is it impossible for the index to restrain itself and open slightly higher? "

"It's really impossible." Su Yu said, "This requires us to suppress our emotions manually."

"How to press it?" Li Meng asked subconsciously.

Su Yu thought for a while and said: "The current market's core focus is still on the two core main lines of 'infrastructure' and 'state-owned enterprise reform'. As long as the opening sentiment of these two main lines is suppressed, the opening sentiment of the entire market will be , will naturally appear relatively restrained.”

"We have a total of 10 billion chips in the two main areas of 'infrastructure' and 'state-owned enterprise reform.'"

"With the help of the five-minute call auction time from 9:15 to 9:20, where orders can be canceled, it is not difficult to create a large wave of market selling to suppress emotions."

"Of course, don't press too hard."

"After all, the market's confidence and sentiment have not yet fully recovered. The pressure was too severe, causing the bullish sentiment on and off the market to directly collapse. This is not what we want."

"Understood!" Li Meng nodded.

Immediately, following Su Yu's instructions, he explained to the traders in the trading room.

As everyone communicated and prepared, time flew by 9:15, and the collective bidding in the two cities began.

I saw that the stagnant market in the two cities began to jump. Nearly 2,000 stocks in the entire market, nearly 93% of the stocks, jumped to the red market state in an instant, showing a pattern of opening higher and rising.

At the same time, the two main concept sectors of 'infrastructure' and 'state-owned enterprise reform', which have attracted the attention of the majority of investors in the market, as well as the industry sectors, directly jumped short and opened higher to an increase of more than 1.5%, and the popular core in the field The stock opened sharply higher, showing an extremely strong trend.

Among them, there are many leading stocks that attract the most attention from market investors...

Such as Shibei High-tech, Beixin Luqiao, Shanghai Sanmao, Shanghai Steel Federation, Shanghai Construction Engineering, Waigaoqiao, China Railway, Huaguo MCC, Huagong International, High-tech Development, Gemdale Group, Kumho Group, Huaxia Xingfu, Bayi Iron and Steel, Wuhan Iron and Steel Co., Ltd., etc. all opened higher with an increase of more than 3%, leading the gains of the two cities.

In particular, the two stocks Beixin Luqiao and Shibei High-tech opened at the daily limit. On the market, the number of closing orders for funds exceeded 70,000.

Seeing the high opening of the two markets, everyone in the trading room was somewhat surprised.

"Now, put your chips up." Su Yu saw that the market was indeed opening sharply higher at the emotional high point, and he couldn't help but quickly ordered the traders.

And following his instructions...

Traders in the entire trading room quickly began tapping their keyboards to quickly place orders and lower prices.

Then, amidst the crackling sound of the keyboard, about half a minute passed, that is, when the time crossed to 9:16.

Market investors are focusing on the two core areas of ‘infrastructure’ and ‘state-owned enterprise reform’.

For many popular stocks that opened higher, selling orders began to increase rapidly.

"Hey, it's strange. Everything was normal just now. How come now, there are leading hot spots like China Railway, MCC, Huagong International, Baosteel, Wuhan Iron and Steel Co., Ltd., and even Beixin Road and Bridge, Shibei High-tech? On the stock market, selling orders suddenly started to increase?"

Feeling the abnormal performance of many stocks on the market, some people among the large group of retail investors who were originally excited and optimistic about the market have raised questions.

"It's obvious that the profit chips are being thrown away on the market!"

"I know that profit chips are being thrown away on the market, but why are they being thrown away so violently all of a sudden?"

"We have reached our profit expectations. Is there anything strange about this? There are sales and purchases, isn't it normal?"

"It's normal, but looking at this situation, the main players on the market feel a little bit dissatisfied with the stock price performance at this position. Are we all too optimistic?"

"The two core market lines of 'infrastructure' and 'state-owned enterprise reform' have increased a lot recently. There is a bit of disagreement. Is that normal? No need to make a fuss!"

"The divergence is good, it gives me another buying opportunity."

"Hey, selling is still increasing. Many popular stocks will continue to rise as time goes by!"

"This trend... feels a little lower than expected!"

"There are 20,000 sell orders on the Beixin Road Bridge daily limit board, and less than 16,000 closed orders. I feel that the one-word daily limit board will definitely not be able to seal it, and it will be opened."

"The Beixin Road Bridge, as the leader of the two cities, cannot be sealed. It seems... that we need to be more cautious."

"Big A rarely opens higher and moves higher. I also think it's more prudent to wait until the market officially opens. Compared with chasing highs and being buried when the situation is unclear, it is obviously more important to wait until the situation becomes clear before buying. a little better."

"Hey, it seems that the market has not completely changed from the weak state. Really... Big A really can't open too high, otherwise it will be easy to get slapped in the face."

"The two core main lines of 'infrastructure' and 'state-owned enterprise reform' have seen a decline in the collective bidding growth. It shouldn't be easy for other conceptual sectors to hold on, right?"

"That's for sure. If the leading stocks can't hold on, it's even less likely that marginal stocks can hold on."

"Hey, I thought it would open sharply higher, and the index would hit a new high at the opening. Looking at this situation... I'm afraid it would be good if it doesn't open lower!"

"Open low? That's not true!"

"With such a good mood, at least it should be slightly higher, right?"

"Yes, there should be no problem in opening slightly higher. After all, although the selling of many popular stocks is increasing, the bullish power on the market is not weak."

"Disagreement is a good thing. Only by fully changing hands can the price rise better."

"We'll wait and see after the official opening. We'll have to wait and see for now."

"Wow... the Beixin Road Bridge is indeed open, but it still doesn't hold up."

"At this moment, except for the stocks that have been re-traded due to favorable restructuring, the two cities have naturally changed hands with daily limit, and not a single check still maintains the one-word daily limit."

"The two cities opened higher and have clearly fallen back!"

"Hey, the stocks that opened higher have dropped from around 93% at 9:15 to 82% now."

“It feels like it’s going to continue to fall back!”

At a time when the majority of retail investors are paying attention to market trends, their expectations and emotions are gradually falling, and their operations are becoming hesitant.

9:18, Magic City, inside Zexi Investment, in the trading room.

Fund manager Zhou Kan looked at such changes in the market and was a little surprised. He said: "With such a good mood, the market call auction is still going down. It's really unexpected!"

"Nothing strange!" Next to Zhou Kan, Xu Xiang, who was also watching the changes in the market prices of the two cities, laughed, and then said, "Someone is just deliberately suppressing the market. There is no problem with the market trend."

"Is someone deliberately suppressing the situation?" Zhou Kan was shocked, his eyes were confused and he didn't quite understand.

Xu Xiang glanced at him, then pointed at the market changes on the big screen in the trading room and said: "Pay attention to the main changes in the market and see if the main selling pressure comes from 'infrastructure' and 'state-owned enterprise reform'." There are many popular stocks on the two core main lines."

Following Xu Xiang's words, Zhou Kan took a closer look and found that this was indeed the case.

"That seems to be the case." Zhou Kan nodded in response after observing.

"Think about it again, who are the main holding institutions in these main-line popular stocks?" Xu Xiang asked with a smile.

Zhou Kan looked startled and responded hurriedly: "Boss, are you saying...that this is Mr. Su from Yuhang Investment, deliberately suppressing the market?"

Xu Xiang nodded slightly and responded: "There should be nothing wrong!"

"But why?" Zhou Kan didn't quite understand. "He is the largest major player in the two core main lines of the market, 'infrastructure' and 'state-owned enterprise reform.' Is it beneficial? Why should we stress our own situation?"

"This is his brilliance!" Xu Xiang exclaimed, "You should understand that when market conditions change, too much is too much, right? Emotions are too intense and will not last long. At this moment, the relative position of the market is compared to a The position a month ago was not low, and the profit accumulation was not low either.”

"If the index is allowed to open sharply higher at this time, a wave of bullish sentiment will exhaust the entire holiday recovery."

"Under the relatively heavy profit-making selling pressure, it will be difficult for the market to chase and follow the trend of various incremental funds, and it will be difficult to sustain it in a short period of time."

"So, take advantage of the collective bidding to calm down the heated emotions in the venue."

"The selling funds on the market and the buying funds following the off-site are relatively less intense. In a relatively gentle trend, they slowly and continuously change hands, so that the chip structure on the market can be better adjusted and the market can move forward. further.”

"Of course, I guess... he doesn't really want to sell chips."

Having said this, Xu Xiang glanced at the time in the lower right corner of the big screen showing market changes, and said with certainty: "What he wants to suppress is just market sentiment, not the real long and short selling forces inside and outside the market, so... At 9:20, the moment the collective bidding in the two cities entered the non-cancellable stage, he was bound to cancel orders on a large scale."

And as he spoke.

At this time, the trading time has passed 9:19 and is quickly approaching 9:20.

Immediately afterwards, when Zhou Kan's eyes flashed back to the rapidly changing trading surfaces of the two cities, he saw that just as Xu Xiang said, the two core main areas of 'infrastructure' and 'state-owned enterprise reform', such as Huaguo China Railway, Huaguo MCC, Huagong International, Huaguo Construction, Beixin Road and Bridge, Shibei High-tech, Waigaoqiao and other "Yu Hang" funds hold heavy positions in popular stocks in the two cities. The backlog of selling on the market is rapidly increasing. Sharp decrease.

Finally, when the time reached 9:20.

Popular stocks on the main lines of "infrastructure" and "state-owned enterprise reform" that had previously seen a large amount of heavy selling saw their market pressure instantly lighten, and their gains rebounded quickly from their lows again.

And as the market trends of these popular leading stocks turn...

Various OTC funds that were hesitant and cautious before are trying to follow up again!