Rebirth of the investment era

It can be clearly felt through the market opening situation after call auction.

The active capital groups in the market are mainly concentrated in the major industry sectors of 'port shipping', 'machinery equipment', and 'public transportation', as well as the 'Eurasian Economic Belt', 'New Era Road, Maritime Silk Road', and 'central and state-owned enterprises'. Reform and reorganization' are the main theme areas of several major concepts. Among them, the performance of the 'port shipping' sector is particularly eye-catching. Many core component stocks have opened higher by more than 1%.

As for the core sectors of ‘military industry’ and ‘infrastructure’ that have performed strongly in the past two days, as well as the mainline sector of ‘technological growth’ that was once wildly hyped by funds.

At this moment, they all behaved relatively calmly.

Among them, the core sectors of ‘military industry’ and ‘infrastructure’ remained sideways.

The core sector in the main line of 'Technology Growth' went up first and then fell during the entire call auction period. Under the influence of numerous bargain-hunting funds, its performance was still relatively weak. It ranked at the top of the two city's concept sector and industry sector growth lists. Position at the bottom of the rankings.

In addition to these main line hot areas that attract high market attention...

Others, such as 'Big Finance', 'Big Consumption', 'Nonferrous Metals', 'Coal', 'Chemical Petroleum' and other core main sectors, have basically shown a continuous shrinking trend. Their market trends are in line with the major market indexes. The fluctuations remained relatively consistent and did not show any signs of independent trends. At the same time, there were no traces of core main funds moving on the individual stocks in these areas.

"The trend of 'LeTV' will not fall to the limit again, right?"

At 9:26, when the call auctions in the two cities ended, in the market, among the retail investors who were paying attention to the market, someone said with emotion: "Damn, if it drops to the limit again, it will only be three lower limits. This cut is really painful." In my bones.”

"Judging from the collective bidding trend of 'LeTV', even if it doesn't fall below the limit today, it's unlikely there will be a strong rebound, right?"

"Judging from the collective bidding, there is a lot of money for the stock of Lianban today, and there is also a lot of money for selling. It feels like a fight between gods."

“The funds sold are not a small amount, but a huge amount!”

"It should be all institutions selling it, right? The ones who are trying to pry it off should be mostly hot money."

"No matter what the ingredients of the various funds used for chopping and selling are, anyway, I think... stocks that are facing this kind of bad news, and the company's fundamentals and future expectations have completely collapsed, are obviously untouchable in the short term. There are more than 2,000 stocks in the two cities. There are many stocks that have gone out of the bullish trend, so there is no need to keep an eye on this stock.”

“The main reason I’m keeping an eye on this stock is to know where the main line of ‘technological growth’ will go next.”

"There is no doubt that the collapse of the investment logic of 'LeTV' has deeply affected the investment logic of the main line of 'technological growth'. At this time, we should avoid this main line."

"But judging from today's call auction, the 'tech growth' line is obviously oversold in the short term, and there is a high probability that there will be a rebound from the oversold."

"The investment logic collapsed and there was a rebound. It is probably a weak rebound due to the main force's self-rescue."

"With such a weak rebound, it is easy to get buried after participating. I think... the value of participation is really not great."

"'The strong will always be strong, and the weak will always be weak'! There is an obvious downward adjustment trend. To participate in this rebound, it is really not as good as chasing the core stocks in the two main areas of 'infrastructure' and 'military industry.'"

"The core stocks in the two main areas of 'infrastructure' and 'military industry'...at present, the adjustment should not be over yet, right?"

"The adjustment is not over, but the expectations are upward! One is expected to be upward, and the other is expected to be downward. It is easier to make a profit by participating in stocks with upward expectations!"

"That makes sense..."

"However, from the perspective of collective bidding, the hottest spot in the market is still 'port shipping'."

"'Yinkou Port' 10-for-30 has aroused the hype in this sector. At the same time, the two core main concepts of 'Eurasian Economic Belt' and 'New Era Road and Maritime Silk Road' are also closely related to this sector. In the short term... this sector should still be worth participating in."

"'Port shipping' is also part of the main line of 'big infrastructure', right?"

"Definitely, and it is also the core sector of 'big infrastructure'."

"It's a pity that 'Yinkou Port' has reached its daily limit. If I want to participate today, I have no chance."

"Other stocks in the 'big infrastructure' field with the expectation of 'high transfers' can be lurking, and the main funds in the market will definitely speculate in this direction."

"Instead of chasing the wind, I think it is better to wait for the wind to come, continue to increase positions in core stocks that have performed well in the early stage of 'military industry' and 'infrastructure', and wait for these stocks to end their short-term adjustment and break upward again? Sometimes... Slow is fast, fast is slow!"

"That's okay, but after buying it, it's a bit difficult. I don't know when the adjustment of these tickets will be completed."

"It shouldn't take too long, right? After all, the greater the time and space for adjustment, the greater the impact will be on the market's emotional expectations in these directions and these core stocks. The longer the adjustment lasts, the more likely it is that subsequent breakthroughs will continue to rise." Hopefully, it will become smaller, so... I think the main funds will not let the market stay here for too long."

"At this time, the test is patience."

"The two main lines of 'infrastructure' and 'military industry' have been hotly speculated by main funds in the early stage. Nowadays, a number of core stocks are at relatively high levels. The intention of main funds is obviously to shake up positions and quickly clear the market. The short-term profit taking and unstable holding chips will definitely not be adjusted for too long."

"In a word, no matter how the market changes, I will only follow Mr. Su's 'Wealth Road' operation. As long as Mr. Su's 'Wealth Road' does not appear in the net sales position on the Dragon and Tiger List, at the same time, 'Infrastructure', ' The investment logic in the main line of military industry is still there, so I will hold my position with peace of mind and never waver."

"Hey, in the current market, the funds for following Mr. Su's 'Fortune Road' should already be huge, right?"

"That's for sure! However, the main direction chosen by Mr. Su's 'Wealth Road' is also very large, and it is fully capable of carrying these huge follow-up funds."

"The entire 'big infrastructure' main line is very large. Not to mention the follow-up funds, if another 500 billion in incremental funds come in from the sidelines, it is estimated that it will not have a particularly big impact."

"500 billion in incremental funds? If such a huge amount of incremental funds enter the market, it should be able to set off a bull market!"

"I think too much. How can the bull market be so easy?"

"The holdings of the 'national team' on the field should already be more than 500 billion, right? It didn't make any splash."

"The size of positions and incremental funds are still different."

"In any case, it is too early for the market to call it a 'bull market', but... there is no need to be pessimistic."

"Overall, the overall market situation is slowly improving. Especially in the past two days, the external market trend has been very poor, but the A-shares are here without falling at all. I feel that this is the market gradually strengthening, and even There are signs that we can develop an independent trend in the future!”

"After the Shanghai Stock Index actually broke through 2,300 points, the trend was indeed a little different."

"Hehe... So, what is there to be afraid of?"

"Compared with the external market, our Big A should not have fallen in the first place. Looking at the global stock market, the overall valuation of A shares is already the lowest."

"We can't look at the whole picture. In the main line of 'technology growth', many growth stocks are still valued at more than 100 times PE."

“So, avoid high-valuation ‘tech growth’ stocks for now.”

"Well, I feel that there are indeed more opportunities for blue-chip stocks to be undervalued in the future than for growth stocks in the 'tech growth' category."

"The major institutions in the market also said the same, but I don't know... this time, whether the institutions can predict accurately, don't..."

"The words of institutions cannot be trusted, but the continued flow and accumulation of market funds should not be deceptive."

While many retail investors were having heated discussions during the short five-minute suspension period, unknowingly, the market had reached the official continuous bidding trading time of 9:30.

I saw the emotions brewing in just 5 minutes.

The moment the stagnant market of the two markets started to beat again, 'Chengfei Technology', as a popular stock that has attracted great attention in the market, once again surged in volume and quickly closed the market. At the same time, 'LeTV.com' ', 'Fushun Special Steel', 'Beijiang Communications Construction' and many other core popular stocks also rose rapidly.

At 9:31, 'Chengfei Technology' hit the daily limit, achieving four consecutive board changes, further opening up the market's recent continuous board space, setting an example for a number of popular concept stocks that will follow suit, and at the same time further stimulating the market. The active capital groups on the market are focusing on the hype surrounding 'infrastructure' and 'military industry' as the core directions, which has enhanced the risk appetite of the entire market on the core lines.

at the same time……

‘LeTV’ hit 300 million in one minute, and the intraday turnover reached 200 million. The stock price once again pulled up from the limit position, and the intraday decline narrowed in a flash, shrinking back to a decline of around 7%.

‘Fushun Special Steel’ continued to maintain a sideways oscillation pattern after a brief rise.

As for "Beijiang Communications Construction", after its rapid rise, there was an obvious shortage of funds.

At 9:32, under the support of good market speculation sentiment and the rapid rise of many popular concept stocks at the beginning of the market, the Shanghai Stock Exchange Index, Shenzhen Stock Exchange Index, and ChiNext Index achieved red trading. At the same time, the overall market trend pattern , the performance was also quite balanced, and there was no tearing trend like the previous two days.

At 9:33, as the market decline of 'LeTV' narrowed, a number of core concept sectors in the entire 'technology growth' main line field, as well as related core stocks, such as 'Huayi Brothers', 'Netspeed Technology', ' A number of stocks such as Huaguo Software' and 'Inspur Information' also slowly rose and achieved red prices one after another.

At 9:34, the Shanghai Stock Index once again stood at 2,400 points.

At 9:35, the 'Port Shipping' sector index rose to around 5% during the day. At the same time, several major conceptual lines such as 'Eurasian Economic Belt', 'New Era Road, Maritime Silk Road', and 'Reform and Reorganization of Central and State-owned Enterprises' Related stocks in the subject area also continue to be pursued by major funds.

At 9:36, the growth rate of the big concept sector 'Reform and Reorganization of Central and State-owned Enterprises' squeezed into the first place in the concept sector gainers of the two cities, and related concept stocks, especially low-end and small- and medium-cap concept stocks with a market value of less than 10 billion, were attacked by major funds. Extremely fast.

At 9:37, the Shanghai Stock Index hit around 2406 points.

At 9:38, as market expectations for the big concept theme of 'reform and reorganization of central and state-owned enterprises' are getting stronger and stronger, and are beginning to attract active capital groups in the market, the 'architectural decoration' and 'architecture' in the field of 'big infrastructure' Core sectors such as materials and real estate development also rose following the red plate.

At 9:39, the Shanghai Stock Index hit near 2410 points, and the increase expanded to around 7%.

At 9:40, the Shanghai Stock Exchange Index surged higher, as well as the Shenzhen Stock Exchange Index and ChiNext Index, which also followed the trend and rose. Several major indexes continued their upward breakthrough trend, and there was an obvious wave of explosive volume.

At 9:41, after the Shanghai Stock Index hit its highest level of 33 points, the overall time-sharing volume performance of the market was insufficient. After the time-sharing volume exploded, there was a shrinkage. At the same time, the selling pressure from above became more and more severe. .

At 9:42, the Shanghai Stock Index turned around and fell back to around 2410 points.

After that, for nearly an hour, the Shanghai Stock Exchange Index continued to fluctuate strongly around the range of 2400 points to 2410 points, while the Shenzhen Stock Exchange Index and the ChiNext Index also maintained their fluctuations in the red market and the 5% increase range. The trend of the entire market, Due to the overall lack of energy, it was once again trapped at the 2400 point mark.

"I feel that the market has not been adjusted enough. It has to fluctuate around 2400 points to further digest the selling pressure from above and short-term profit taking!" At around 10:50 in the morning, Yuhang, Minghui Capital Group, inside the main fund trading room, Fund manager He Hong, who has been observing changes in market conditions, frowned slightly and said, "Market adjustment is still lacking in both time and space."

Xu Zhongji, who stood behind He Hong and looked at the big screen of the trading room with a smile, nodded slightly and said: "It is true that we are still a little short of time and space, but... in the current main line of the market, various institutional groups on and off the market All positions are obviously insufficient.”

"Although there is heavy selling pressure on the market, there is still a lack of time and space for adjustment."

"But when major institutions are eager to increase their main positions."

"I'm afraid that the room for downward adjustment in the index and corresponding mainline core stocks has been completely blocked."

"What Mr. Xu means is..." He Hong was shocked when he heard this and said, "The index may continue to fluctuate sideways, but the core core stocks on the main line are very likely to fluctuate higher and higher during the sideways fluctuations of the index. , there is no opportunity and space for downward adjustment at all?”

Xu Zhongji nodded slightly and responded: "Yes, the market trends cannot be consistent, and the expectations and trends of the major main areas cannot be synchronized. The two main lines of 'infrastructure' and 'military industry' , in fact, from an essential analysis, after the market has anticipated the main themes of the 'Eurasian Economic Belt', 'New Era Road, Maritime Silk Road', and 'Reform and Reorganization of Central and State-owned Enterprises', its investment logic and future expectations are It is obviously further strengthening, and institutions happen to be in these two main areas, and their positions are obviously insufficient. Under such circumstances... For core stocks that are expected to be good in these two main areas, how can there be a pullback to a low level to allow other funds to Is it possible to continue boarding from a low position?”