Rebirth of the investment era

I saw that under the short five-minute emotional brewing, the differences on the market of various stocks that opened higher became increasingly wider.

A number of popular mainline leading stocks such as Beixin Road and Bridge, Shibei High-tech, Shanghai Steel Union, Shanghai Sanmao, High-tech Development, Shanghai Construction Engineering, etc., can further increase their market volume, and at the same time, their stock prices can also increase significantly. Among them, the stock price of Beixin Road and Bridge fell to about 5% within one minute. Shibei Hi-tech, Shanghai Sanmao, and Shanghai Steel Union had several checks, and the stock price growth even dropped to near the flat plate.

And accompanied by the rapid decline of these popular mainline leading stocks.

In the market, several major indexes have also fallen rapidly from their high openings.

At 9:33, within 3 minutes of the opening, the small and medium-sized board and ChiNext indexes swallowed up all the gains from the high opening, forcing the market to close at the top.

At 9:35, the Shenzhen Index retreated, swallowing up all the gains from the higher opening.

At 9:39, the Shanghai Stock Index fell back to within 0.3%, almost completely swallowing up all the gains from the higher opening. However, the two core main lines of the market's 'infrastructure' and 'state-owned enterprise reform', as well as the concept sector index and industry sector index in related fields, increased by have also fallen back to less than 1%.

At 9:41, Beixin Road and Bridge, the core concept leader that received the most attention in the two cities, began to rebound briefly after its increase dropped to a minimum of 3.22%. At the same time, the intraday transaction volume also exceeded the 200 million mark, showing extremely intense trading. Investment scene and market liquidity.

As Beixin Road and Bridge bottomed out during the session...

After the emotional catharsis at the beginning of the market, major popular stocks and core market main lines have also begun to bottom out and rebound.

At 9:43, Beixin Road and Bridge rose back to about 5%. After hitting the lowest point of 2223.21, the Shanghai Stock Index quickly pulled back to the 2230 point mark. Similarly, the Shenzhen Stock Exchange Index, GEM Index, and Small and Medium-sized Index also They have turned from green to red and returned to an upward trend.

At 9:45, the Shanghai Stock Index began to fluctuate sideways near 2230 points.

At this time, popular concept leading stocks such as Beixin Road and Bridge, Shibei High-tech, Shanghai Sanmao, and Shanghai Construction Engineering, as well as mid- and large-cap mainline blue-chip stocks such as Huaguo Construction, Huaguo China Railway, Huaguo MCC, and Huagong International, also They fluctuated sideways near the opening price, continuing to digest profit-making orders on the market and floating hold-up orders at this price range.

At 9:51, in the two core themes of 'infrastructure' and 'state-owned enterprise reform', the popular stocks in the early stage fell into sideways fluctuations at relatively high levels. In the market, active funds chasing hot spots began to move rapidly. There was an inflow into low-priced marginal concept stocks in the two core main areas of 'infrastructure' and 'state-owned enterprise reform'.

At 9:55, many popular stocks were still trading sideways at high levels, with heavy volume and stagnant growth, making it difficult to continue to break through.

Some low-level local state-owned assets-backed stocks with the main concepts of "infrastructure" and "state-owned enterprise reform", such as Chongqing Development, Beijiang Communications Construction, Delong Transportation, Gannan Expressway, Pudong Construction... and many other stocks, have It began to rise rapidly, with three stocks, Beijiang Communications Construction, Pudong Construction, and Chongqing Development, hitting their daily limits one after another.

At 10:01, within the two main areas of ‘infrastructure’ and ‘state-owned enterprise reform’, related concept sectors and industry sectors began to rise again.

Only this time, it is no longer the previous popular stocks that drive the indexes of various concept sectors and industry sectors.

On the contrary, there are some fringe concept stocks that are making up for the gains at low levels.

At 10:05, as these low-end marginal concept stocks rose to make up for the gains, the growth rate of concept sectors such as 'Shanghai Free Trade Zone', 'Smart City', and 'Rural Revitalization' began to exceed that of 'State-owned Enterprise Reform'. The concept sector ranks at the top of the growth list of concept sectors in the two cities. At the same time, in terms of industry sectors, 'public transportation' and 'real estate' also squeezed into the forefront, surpassing the two leading 'building decoration' and 'building materials' at the beginning of the session. The major industry sectors ranked at the top of the growth lists of industry sectors in the two cities.

At 10:10, when the two core main lines of 'infrastructure' and 'state-owned enterprise reform' are completing the high and low switching of the market within the sector.

There is a major force of funds that has launched an attack on the ‘military industry’ field.

I saw several consecutive large orders of 10,000 lots hitting the Hongdu Airlines stock market, directly driving its stock price from an increase of more than 1 point to more than 5%, and at the same time... within the same sector , there was also a large influx of buying funds on the stocks of Aviation Power, Asia Star Anchor Chain, Beidou Star and other stocks, and the stock prices changed significantly.

Under this surge of main funds...

At 10:12, Hongdu Airlines hit the daily limit in a straight line. The 'National Defense and Military Industry' industry sector and the 'Military Industry Concept' sector index also made a lightning breakthrough under the leadership of Hongdu Airlines. The two cities originally lagged behind the broader market performance, and no one The situation of concern directly jumped to the forefront of the gains in the two cities, second only to the performance of related concept sectors and industry sector indexes in the two main areas of 'infrastructure' and 'state-owned enterprise reform'.

"Hey, the military industry actually rushed out!"

Seeing the changes on the market, in the trading room of Zexi Investment Company in the Magic City, Zhou Kan said in surprise: "Boss, it seems that in this market, someone wants to borrow the main capital of the shareholder style of 'Yuhang Investment', Mr. Su. It’s really quite a lot. The military industry line can actually be brought out without obvious market expectations.”

"It's rising at an extremely rapid rate, and the volume has not been released. This kind of pulse-like fluctuation is just a scam." Xu Xiang stared at the big screen in the trading room. Hongdu Airlines, which had already reached the daily limit, and rushed to the top of the two cities' price increase lists. The 'military industry' related field section, chuckled slightly, and said, "It is probably the main funds of large institutions that are deeply involved in the 'military industry' field, and they are borrowing the market's advantage to pull the market in a self-rescue style. After all, except for the main focus of Hongdu Airlines Other than this check, other checks...basically have no capacity or sustainability."

"I also feel like the main force saves itself." Zhou Kan nodded in response.

Xu Xiang's eyes were bright, he paused, and continued: "Today's market sentiment is not bad. The field of 'military industry' involves some concepts of wealth. A sudden trend like this should be able to deceive some people. This self-help trend It is also smart for the main funds to carry out a 'point-to-face' style pull at this time."

"Okay, don't pay attention to the field of 'military industry'..."

Xu Xiang pondered for a moment and then said: "Today's market performance, the real core of the market lies in the internal market switching of the two main lines of 'infrastructure' and 'state-owned enterprise reform'. Judging from the trading conditions in the previous half hour, The market conditions for the two main lines of 'infrastructure' and 'state-owned enterprise reform' have begun to develop in depth."

"The boss is talking about the 'Shanghai Free Trade Zone' sector and the shipping sector that led the gains today, right?" Zhou Kan responded.

Xu Xiang responded: "Not only these two sectors, but also the two core main lines of 'infrastructure' and 'state-owned enterprise reform' have been popular stocks in the early stage, such as Beixin Road and Bridge, Shibei High-tech, Huaguo Communications Construction, Huaguo MCC, and Huagong International... After this batch of stocks has opened up the market's room for growth and valuation, and with the rapid recovery of market sentiment, other low-level stocks with the same concept have been left behind due to insufficient incremental funds in the market. There is room for expectations and imagination. It’s all coming out.”

"In other words, the two core market trends of 'infrastructure' and 'state-owned enterprise reform' will spread in an all-round way under the leading role of popular stocks in the early stage."

“The ‘Shanghai Free Trade Zone’ and ‘Transportation Sector’ launched today are just two of them.”

"Any subsequent concept sector, as long as it involves the concepts of 'infrastructure' and 'state-owned enterprise reform', can be hyped according to the expected logic of these two main lines."

"I call this 'pan-mainline concept' hype."

"Pan-mainline concept hype?" Zhou Kan was slightly dazed, "Is there any difference?"

Xu Xiang smiled and continued: "When the market deepens and spreads, the hype vitality of the main market will be greatly improved. At the same time, after superimposing a variety of concepts, the imagination space and hype stories will be much broader, and more It is conducive to the continuation of the market’s money-making effect.”

"Moreover, once this logic is generally recognized by the majority of investors in the market."

"The level of speculation in core concept stocks will also increase significantly. Correspondingly... the rebound height of the index will most likely exceed previous expectations."

"Generally speaking, it is a good thing for the main line market to deepen and develop."

"Then we..." Zhou Kan responded, "Do we need to adjust our positions accordingly?"

Xu Xiang thought for a while and said: "We can increase some low-priced stocks in the fields of 'infrastructure' and 'state-owned enterprise reform'. The targets... choose a few checks that have already rushed out in the market and have been recognized by active funds on the market, such as Chongqing Development , Beijiang Communications Construction, Pudong Construction, etc.”

"Okay!" Zhou Kan responded and immediately issued instructions to the traders.

And as his orders were issued...

The market trading time at this time has passed 10:20.

On the market, the 'military industry' sector, which surged sharply, began to fall back from its high point quickly, but it was not generally recognized by active funds in the market, and the volume of followers was insufficient to sustain the rapid rise in stock prices. Among them, as a member of the sector, Hongdu Airlines, which has made a breakthrough as the core leader, has experienced a rapid decline in the growth rate of the entire 'military industry' sector. The originally sealed daily limit has also been quickly opened, and the stock price has fallen from the daily limit.

"What the hell, the 'military industry' line, this is a scam. Hongdu Airlines can't even seal the front board?"

Seeing that the 'military industry' sector has embarked on a pulse-like upward and downward trend, some people among the group of investors who were chasing highs and buying during the previous wave of gains let out a depressed sigh.

"No doubt, it's just a lie!"

"Fortunately, I didn't chase him, otherwise I would have been buried again. The main force behind the 'military industry' line is simply poisonous!"

"The main force is bullshitting. In the field of 'military industry', there are currently no expectations at all, and those who follow the trend are stupid. They don't think that the stocks held by Mr. Su will all go up, right?"

"According to the fund positions announced by Mr. Su, the overall holdings of the two main funds of the 'Yu Hang Group' in the 'military industry' field are less than 5% of the total positions. This line is not the main line of Mr. Su's core concern at all. Indeed, It may not necessarily rise. Today’s trend is probably due to the main players trapped in the market trying to save themselves.”

"Indeed, but there shouldn't be many people following up, right?"

"Nowadays, investors who are still paying attention to the stock market and trading on the market are basically old investors. There are certainly very few newcomers. Very few people will fall for such a common trick."

"The trend of the two core main lines of 'infrastructure' and 'state-owned enterprise reform' is still stable."

"Indeed, but today it feels like low-priced stocks are compensating for gains. The popular stocks in the early days basically maintained their fluctuations near the opening price."

"Yes, even Beixin Road and Bridge seems to be experiencing some heavy volume and stagflation."

"The popular stocks have risen a lot in the early stage. Compared with the index increase, it almost generally exceeds the index increase by about 20%. Now it is fluctuating at high levels. If you stop for a while, there is nothing wrong with it."

"Although the popular stocks in the early stage were a bit sluggish at high levels, the indexes of various concept sectors are still very strong."

"Well, the strongest concept sector today is actually the 'Shanghai Free Trade Zone'. It seems that this sector, which has completely fallen back to its original point after being hyped last year, has great opportunities in the future!"

"The transportation sector, the high-speed rail sector, the concept of rural revitalization, etc. are also quite strong today."

"It feels like the market is diverging."

"It's not diverging, it's deepening. On the whole, the stocks that have surged today still have not deviated from the two core directions of 'infrastructure' and 'state-owned enterprise reform.'"

"Really, Chongqing Development, Beijiang Communications Construction, Pudong Construction, Shanghai Construction Engineering, Financial Street... and other stocks that have soared are still in the two main areas of 'infrastructure' and 'state-owned enterprise reform', everyone... …According to this market trend, are there greater opportunities for concept stocks in the fields of 'infrastructure' and 'state-owned enterprise reform' to chase lows and make up for gains at this time?"

"I can't say for sure, but whether it is a popular stock in the early stage or a concept stock that is making up for the increase at a low level, it should still be able to rise."

"In short, just buy based on the two main themes of 'infrastructure' and 'state-owned enterprise reform'."

"Looking at the turnover rate of Beixin Road Bridge, it will be difficult to seal the board today."

"It is true that the pressure on the Third Board is great, but even if it cannot rise to the limit today, it should not fall."

"Even if it can't reach the daily limit, Beixin Road and Bridge is still the highest bidder among the two core main lines of 'infrastructure' and 'state-owned enterprise reform' in the current market, right?"

"There is no doubt that, looking at the turnover and trading volume, it is definitely and still the leader that attracts the most attention in the two cities."

"Then don't worry too much. This fluctuating trend of changing hands is definitely not a sign that the stock price has peaked. And since it is not a sign of a peak, then I will just continue to hold it."

"It's the same thing again. It's hard to catch a leader. I won't sell it until I see Mr. Su's 'Fusheng Road' seat sold on the Dragon and Tiger List."

Numerous retail investor groups had heated discussions and quickly followed suit and adjusted their positions...

At this moment in Yanjing, Chenghua Public Fund Company, ‘Chenghua Selection No. 1’ fund product internal trading room.

Fund manager Gong Tiancheng couldn't help but sigh as he looked at the industry sectors and concept sectors related to the two main lines of 'infrastructure' and 'state-owned enterprise reform' that were fluctuating and rising, as well as the 'military industry' sector that was falling rapidly and had almost returned to its previous position. After a sigh, he said: "Sure enough, without other favorable market cooperation, it is still difficult to form a sustained follow-up force and truly maintain the market of the 'military industry' line based on the reputation of Mr. Su of 'Yuhang Investment'."

Just now, the wave of concentrated price increases in the 'military industry' field was their work.

It's just a pity that it didn't really stimulate the market of this line.

"How many chips did we throw away?" After sighing helplessly, Gong Tiancheng turned to the assistant Zhou Qiang behind him and asked.

Zhou Qiang took a look at the background data on the computer and said: "We sold 47 million yuan in net funds. Our fund's position in the 'military industry' field has been reduced a lot, but there is still a certain gap compared to our expectations. .”

"47 million!" Gong Tiancheng murmured the number again, was silent for a moment, then continued to sigh and said, "Since we have tried it and can't drive the market of this line, let's continue to sell and sell when the market falls. At the same time... I used the reduced funds to buy low-priced high-quality stocks in the fields of 'infrastructure' and 'state-owned enterprise reform'. The market conditions for the two core main lines of 'infrastructure' and 'state-owned enterprise reform' are getting deeper and deeper. I feel that one of the low-priced stocks is After a batch of high-quality stocks make up for the increase, I am afraid that the main rising market of these two main lines is coming, and we must complete the core position adjustment of the fund as soon as possible before the main rising market of these two main lines begins."

"Is there really no chance for the military industry?" Zhou Qiang looked at the fund account that was in total losses and asked helplessly.

Gong Tiancheng responded: "Who knows? But we have been guarding for so long, and we really haven't seen any opportunities. Instead, we have held positions in weak sectors and have been hesitant. We have missed the entire outbreak of the two core main lines of 'infrastructure' and 'state-owned enterprise reform'." Looking at the initial market situation now... When it comes to trading decisions, no matter whether the account is losing money or not, when the main market opportunity comes, we still shouldn't have any hesitation!"

"Adjust positions!"

Gong Tiancheng paused and said firmly: "The future is always uncertain. What we can do to quickly recover the loss of the fund's net value is to follow the trend of the main market trend!