Rebirth of the investment era

In the evening, as market sentiment continued to be unanimously bullish, U.S. stocks opened higher and moved higher, further stimulating the potential long willingness of the domestic market.

The next day, Wednesday, May 14th.

Amid calls for long positions in the market, the Shanghai Stock Exchange Index opened higher again, standing at 2445 points, up 0.46%.

At the same time, a number of popular stocks in the two core main areas of 'infrastructure' and 'state-owned enterprise reform' have once again been sought after by funds from various sources both on and off the market. 'Beixin Road and Bridge' closed at the daily limit yesterday. The price opened higher at about 7.5%, and the check for 'Beijiang Communications Construction' opened higher by 8.53%, just one step away from the daily limit. Moreover, the entire call auction turnover of these two core popular stocks was in the tens of millions. level and above.

Especially for Beixin Road and Bridge, the transaction volume of the collective bidding alone reached more than 48 million, and the trading volume was extremely active.

"Looking at the overall transaction volume of the two cities through collective bidding, compared with yesterday and even the day before yesterday, the volume has exploded." At 9:26, in the fund trading room of Yuhang and Yuhang Investment Company, Li Meng observed what had been frozen. "At the same time, on the market, the buying orders for various popular stocks are also more aggressive than yesterday and the day before yesterday. It feels like investors' expectations for the consistency of the market are getting stronger."

When Su Yu heard Li Meng's words, he nodded slightly and said: "The positive effects on and off the market continued to affect the bullish sentiment. Many popular mainline stocks continued to surge at high levels and refused to pull back, resulting in light and short positions on and off the market. Some investor groups are becoming more and more anxious and do not hesitate to chase higher prices to raise funds. In this way...the energy naturally explodes again."

"In this case, the market should accelerate to the top, right?" Li Meng asked with a smile.

Su Yu stared at the two markets that were about to officially open for trading, and responded: "It's almost the same. Under the continued high bullish sentiment, this wave of energy is basically the last wave of bullish power in the market. If When this wave of bullish power is exhausted, the long-short situation in the market will inevitably turn around."

"The end of the strong crossbow..."

Su Yu paused for a moment and continued: "The market seems to be hot, but in fact, the potential short power accumulated by profit taking and floating hold-up orders has almost reached its extreme, and it is just waiting for the financial strength of the bulls who follow the trend to increase. "When sentiment and confidence diverge again, these potential sell-offs will come to the fore."

"2500 points is the consensus expected landing point of the bulls, and it is probably the final exit selling point where the bears concentrate their power."

“But before that, because the market has unanimous expectations for the 2,500-point position of the Shanghai Index, before the Shanghai Index reaches this real pressure mark, although the potential selling force on the market is large, it will not concentrate on selling, so the market looks like , the power of bulls will still be far stronger than the power of bears.”

"Yeah!" Li Meng responded, "The closer the market is to the top, the stronger the market expectations are."

"But the closer it is to the expected fulfillment, the more dangerous the market will be." Su Yu took over and said, "For the large number of investors holding positions in the market, especially in this round of market conditions, investors who have already made a lot of profits For the group, the expected fulfillment point is a gain or loss of 2,500 points.”

"Master, the index is now only about 3 points away from 2,500 points," Liu Yuan said. "Since we have judged the important pressure mark of 2,500 points, it is impossible for the Shanghai Index to actually break through at this stage, then should we Should we increase our efforts to reduce positions at this moment and take advantage of the good market liquidity to fully reap market profits?”

After yesterday's comprehensive reduction of positions, the two main funds reduced their holdings of 1.36 billion in marginal concept stocks in the main areas of "infrastructure" and "state-owned enterprise reform".

This amount of reduction is not a small amount.

However, compared with the current huge holdings of the two main funds, which total more than 14 billion, it is really not worth mentioning.

According to Su Yu's requirement, positions in the main areas of 'infrastructure' and 'state-owned enterprise reform' must be reduced to less than 50% before the market fully turns. If traders want to achieve this goal, they will have to lose at least more than 6 billion. chips, the task is quite heavy.

Therefore, Liu Yuan made this suggestion at this moment.

After all, in her opinion, if the expected range for the index to rise is less than 5%, there is no need to wait any longer.

Because in the current market with a turnover of only about 120 billion to 130 billion.

Their short-term goal of reducing positions of more than 6 billion is already equivalent to a big ship or a giant ship on an inland river. It is not easy to make a complete turn. Moreover, before making a turn, one must predict the market trend and make decisions in advance. Otherwise, if you really react when the market situation completely turns, it will probably be difficult to make a timely turn, and you will inevitably give up a lot of early profits.

"Yes!" Su Yu responded, "From now on, the stocks held in the main areas of 'infrastructure' and 'state-owned enterprise reform' can be reduced. However... while reducing positions, the previous principles must still be followed. Do not take the initiative to sell orders to kill the decline, do not continuously sell large orders of more than a thousand lots, make reasonable use of market liquidity, carry out the operation of reducing positions into parts, and control the amount and energy of reducing positions to avoid possible disclosure of the Dragon and Tiger List. Phenomenon."

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The ‘Fortune Road’ seats used by the company’s two main funds have a great impact on market sentiment.

When they need market liquidity to support the company's main funds to quickly exit the market and achieve the goal of reducing positions as soon as possible, any reason for early exposure of trading seats will cause great fluctuations and variables in the market, thus affecting the company's main funds in the final stage. profit harvesting situation.

"Okay!" Liu Yuan responded.

Then he gave many of Su Yu's instructions to other members of the entire trading team he managed.

"Aren't you planning to sell the Beixin Road and Bridge stock that you bought with your personal trading seat?" After Su Yu explained the trading strategy, Li Meng focused on the Beixin Road and Bridge stock and said with a smile, "Balian It’s gone, it has increased more than 3 times since the bottom, I feel like this check has opened again today with heavy volume, and the hype and market conditions are starting to come to an end.”

Su Yu responded with a smile: "The fact that this check has been speculated to such a high degree by the market has exceeded my expectations. However, this check has become the stock with the most attention in the market, with both turnover rate and amplitude ranking among the top in the market. The trading trends of large domestic and foreign funds cannot escape the dragon and tiger lists disclosed daily."

"If I sell a large amount of chips at this time..."

"If the trading seats appear on the dragon and tiger list, the company's two main funds will not be so easy to reduce positions and stop losses."

"So, when I come out, let me be the one who breaks the line, and let the check from Beixin Luqiao attract more bulls who are still chasing highs here, and further increase the market's liquidity and money-making effect. , so that you can be more calm in reducing positions and taking profits, and the market will last longer at the top of the market stage."

In the current market, Beixin Road and Bridge's check is the absolute core of speculation, and it is also the absolute leading stock in the two core themes of 'infrastructure' and 'state-owned enterprise reform'. As long as this check can remain highly active, it can continue to rise and open. There is room for market speculation, so the hype expectations for the two main lines of 'infrastructure' and 'state-owned enterprise reform' will not subside quickly. Naturally, the liquidity of these two main areas will not be much worse.

"Okay!" After Li Meng understood Su Yu's idea, he stopped asking further questions.

"Boss, where will the funds freed up by us from reducing positions be moved?" Seeing that the time was about to reach 9:30, Wang Can, who had been silent, asked, "The 'military industry' field you mentioned before, at this time... ...Can we continue to increase our positions? I feel that this sector has not gained much in this rebound. It is basically standing still. If the short-term speculation on the two core main lines of 'infrastructure' and 'state-owned enterprise reform' reaches its peak and the market falls into adjustment, this sector is expected to also It can’t fall far, right? After all, it hasn’t gone up, and there’s no profit margin.”

Su Yu glanced at the overall collective bidding trend of the 'Military Industry' sector on the big screen in the trading room, pondered for a moment, and said: "The funds released from the reduction of positions in the 'Infrastructure' and 'State-owned Enterprise Reform' fields can slowly increase positions in the 'Military Industry' sector. individual stocks, but the pace of increasing positions should not be too large, it should be carried out in a broken-down manner, try not to cause major changes in the market, and it is better to build positions quietly."

"Okay!" After receiving Su Yu's precise instructions, Wang Can immediately took action.

As everyone communicated and arranged trading strategies, at this time, the time had moved to 9:30, and the two cities ushered in the official continuous bidding trading time.

It only took a brief five minutes for the emotions to brew.

As soon as the market opened, under the hot bullish sentiment, the Shanghai Stock Exchange Index, Shenzhen Stock Exchange Index, and ChiNext Index rose rapidly. At the same time, the core sectors related to the two main lines of 'infrastructure' and 'state-owned enterprise reform', as well as such as Beixin Road and Bridge, Shibei High-tech, and Beixin A number of popular stocks such as Xinjiang Communications Construction, Shanghai Construction Engineering... have also exploded in volume and increased rapidly.

At 9:31, Beijiang Communications Construction, which opened sharply higher, was once again blocked on the daily limit by tens of millions of consecutive capital buying orders. The turnover exceeded more than 33 million in one minute. It can be said that the trend was closed within seconds of opening. At the same time, Time... Another popular stock, Beixin Road and Bridge, exploded with greater energy and almost hit the daily limit.

At 9:32, the Shanghai Stock Index broke through 2455 points, directly pulling the increase to near the 1% position. At the same time, all industry sectors and concept sectors in the two cities all turned red and rose.

At 9:33, Huaguo Construction surged rapidly, rising more than 5%, and its transaction volume exceeded 140 million in 3 minutes.

At 9:34, Beixin Road and Bridge hit the daily limit, but it was not sealed. The turnover reached 268 million. The trading volume was fierce and the trading volume could be huge.

At 9:35, MCC's gains quickly exceeded 5%. On the market, active buying orders at the level of 10,000 lots emerged one after another.

At 9:36, the transaction volume of Beixin Road and Bridge exceeded 300 million, and the turnover rate reached more than 10%.

At 9:37, Shanghai Construction Engineering Co., Ltd. was listed on the Shanghai Stock Exchange. Popular stocks of "infrastructure" and "state-owned enterprise reform" with medium and low positions received a lot of attention from funds that were actively following the trend on the market.

At 9:38, Wangsu Technology suddenly raised its daily limit in a straight line, and the growth stocks on the GEM changed direction.

At 9:39, LeTV, Oriental Fortune, Huayi Brothers, and Enlight Media followed suit, and the "Film and Television Media" sector experienced an explosive rise.

At 9:40, the GEM index rose by more than 1%. At the same time, funds in the two main areas of 'infrastructure' and 'state-owned enterprise reform' strongly followed suit and rushed to raise funds. After the explosion of the 'film and television media' sector, the fever has subsided, but overall On the day, it still led the gains in both markets.

At 9:41, the Shanghai Stock Exchange Index refreshed its intraday high to 2,460 points, and the increase broke through to the 1.5% position.

At 9:42, Beixin Road and Bridge fluctuated back and forth at the daily limit position, changing hands significantly. After the transaction volume exceeded 380 million, with the joint efforts of several major funds, the daily limit board was sealed again, achieving a trend of nine consecutive boards, and refreshing at the same time The market has a high degree of speculation space for concept stocks this year, further opening up the space for speculation and the enthusiasm of funds to follow the trend in the two main areas of 'infrastructure' and 'state-owned enterprise reform'.

At 9:45, the 'big financial and military industry' sectors, which have significantly underperformed this round of index rebounds, showed a slight rebound. Related core stocks also saw a slight increase in concentrated volume, but the market buying was concentrated. The situation of following the trend is still not optimistic, and the overall active buying intensity is far less than that of several popular sectors leading the rise.

At 9:50, the total transaction volume of the five core "infrastructure" industry sectors of "building decoration, building materials, public transportation, real estate, and steel" exceeded the 15 billion mark, a significant increase compared with the previous period, and accounted for 60% of the market transaction volume. Among them, there are a number of core value blue chips that combine the concepts of "infrastructure" and "state-owned enterprise reform" such as "Huaguo Construction, Huaguo Railway Construction, Huaguo Communications Construction, Huaguo MCC, China South Locomotive and China North Railway". For stocks, the trading volume reached the highest peak during the same time period this year, setting a new high in trading volume.

At 10:01, after half an hour of trading after the opening, the index once again showed a positive trend with heavy volume, and the entire market situation once again continued to deepen and diverge around the fields of 'infrastructure' and 'state-owned enterprise reform', forming a relatively considerable trend. The two cities generally rose.

At 10:10, the transaction volume of the two cities exceeded 40 billion, setting a new high for the same period of the year.

At 10:20, the Shanghai Stock Index continued to break upward, refreshing the intraday high to 2466.37 points, with an increase of more than 1.5%, getting closer and closer to the 2500-point pressure mark expected by the majority of market investors.

At 10:30, the Shanghai Stock Exchange, Shenzhen Stock Exchange Index, and ChiNext Index all rose by more than 1.5%. Except for stocks suspended from trading in the two cities, 90% of the stocks rose, and the money-making effect of the two cities reached its peak.

At 10:50, the number of daily limit stocks in the two cities exceeded 40, regardless of the main areas of 'infrastructure' and 'state-owned enterprise reform', or the area of ​​'growth stocks' on the small and medium-sized board and GEM, or the area of ​​'oversold stocks' that were sluggish in the early stage. , all the popular mid-cap and small-cap concept stocks all rose sharply, and the market in the two cities was extremely hot.

"Damn it, today's market is simply exploding!"

At this moment, when the long sentiment in the entire market is extremely high, and the majority of investor groups are extremely resolute in following the trend, Shao Xiaoyun, the fund manager, is in the trading room of Yinghui Fund Company, Yinghui Fund No. 2, in Shanghai. Seeing the rapid progress of the market and index, and then looking at the fund account, I saw a large amount of idle funds that had been reduced and profit taken in advance in the previous two trading days. I was so moved that I almost beat my thigh to pieces. Gritting his teeth, he couldn't help but hurriedly stood up from the computer desk in front of him, and ordered to the traders: "Buy, buy, get back all the positions we lost before, look at this situation... The market is heading north, and in the short term It’s very difficult to pull back.”