The investment era of rebirth

"Open low, make up for the fall!" Seeing the initial call auction situation in the market, Li Meng, who was staring at the market in the trading room of Yuhang and Yuhang Investment, also showed an obvious look of surprise in his eyes, "Under the stimulation of the good news, the mood

It's really unexpected that he is so weak."

"It's not surprising." Su Yu stared at the market conditions on the big screen in the trading room and said, "The external market has fallen sharply for two consecutive days, which has sent a very bad signal. In addition, the market fluctuated violently yesterday, and it has never been able to reach 2200 points.

The market has reached a critical point, causing the expectations of many investors in the market to be disappointed, resulting in a depressed mood at the beginning of today's trading."

"As for the two main lines of 'state-owned enterprise reform' and 'infrastructure', they are suddenly weaker than the market."

"This is also the reason why the accumulated short-term profits in these two major fields are obviously more than those in other conceptual fields of the two cities. At the moment when the overall market sentiment is low and chips are loose, the differentiation form of these two major fields and the situation of fund selling will naturally

It will also be larger than other conceptual fields."

"but……"

Su Yu paused for a while and continued: "As I said before, there is no need to be pessimistic."

“The trend of U.S. stocks can affect the opening sentiment of A-shares, but it cannot affect the emotional trend of the stock market throughout the day, as well as the main capital activities. Furthermore, U.S. stocks fluctuate and adjust from high levels, while A-shares start from the lowest position, with extreme valuations.

The value is low and upward, and there is an essential difference between the two in terms of the overall trend shape."

"In terms of macro, the domestic economic structure and growth momentum are far stronger than those in the United States."

"So, no matter which aspect you analyze, there is no reason to be pessimistic."

"Also, the two main lines of 'infrastructure' and 'state-owned enterprise reform' will take advantage of this wave of panic in the periphery to make differentiated adjustments. On the contrary... if this wave of adjustments is sufficient, market sentiment will pick up in the future.

, the height space you can come out of will exceed expectations.”

"In this case, is it a good thing for the main line market to open lower and make up for the decline?" Li Meng didn't quite understand and asked in confusion.

Su Yu nodded and said: "Everyone knows that the basic logic of the two main lines of 'infrastructure' and 'state-owned enterprise reform' is hard, there are expectations, and there is room for imagination. So the main funds that entered the market in the past few days have been holding on to it.

, there is no bargaining chip at all, so do you think these two main lines of market can make room for it under this situation?"

"Any mainline market trend will not go far without the continuous exchange of chips."

"There are too many people riding sedans in the venue, and people outside the venue can't lift them, so they naturally won't lift them. This principle of speculation is applicable to both short-term emotional speculation and long-term trend speculation."

"Only when there are disagreements can there be market trends."

"Often the divergence of the market is where the market moves."

"Because the differences mean that the exchange of chips is sufficient, it means that new synergy in the market is brewing and forming."

"Looking at the two core market lines of 'infrastructure' and 'state-owned enterprise reform', after continuous sharp rises in recent days, short-term profit orders have accumulated heavily on the market. These profit orders are not in the turbulent divergences of the market.

Such a heavy sedan cannot be lifted by the incremental funds that are constantly following up outside the market, and even if it can continue to be lifted for the time being, the space for a forced upward attack will be greatly reduced."

"Today, the external market has plummeted, and the mood on the market has once again been depressed due to the superposition of various factors."

"Short sentiment has once again suppressed the market."

"Under such a situation, some of the funds on the market that have made profits, considering the possible decline or even the risk of a collapse in the market, will have a stronger desire to take profits and stop losses than those investors who have not invested deeply and have cut their positions and stopped their losses.

After all, under the shadow of the bear market atmosphere and the flaws of human nature, profit chips are often not as good as loss chips."

"Originally, I was still thinking..."

"If the opening sentiment continues to surge in today's market, and the market chips on the two main lines of 'state-owned enterprise reform' and 'infrastructure construction' cannot be washed away, we can appropriate a small part of the chips to suppress market sentiment and act as short bait. Now

Let’s see…it’s no longer needed.”

When Li Meng heard Su Yu's words, he looked at him in surprise and said, "So, today's trend is taking advantage of your wishes?"

Su Yu smiled softly and replied: "You can say that!"

While the two were talking, the market trading time had moved to 9:18.

After three minutes of initial collective bidding, I saw that the two main concept areas of 'infrastructure' and 'state-owned enterprise reform', related popular stocks, were selling more and more heavily on the market, and the stock price performance was getting lower and lower, and even...core hot stocks

Among the stocks, Beixin Road and Bridge, which is regarded as the conceptual leader of the two cities by the majority of investors in the market, with the blessing of Su Yu's "Fusheng Road" seat, the premium has increased from 8% at 9:15 to 3 in a flash.

The increase is close to %, and it continues to fall as time goes by.

As for other popular stocks with core concepts such as Shibei Hi-tech, Waigaoqiao, Shanghai Sanmao, China Fortune Land Development, Kumho Group, etc., which hit the daily limit yesterday.

The premium at this moment is almost nonexistent.

Among them, China Fortune Land Development and Kumho Group have turned green, and their stock prices have gradually fallen into deep water.

"But looking at the market trends of these two main lines, it is indeed a bit scary." Li Meng continued to say while still paying attention to the market trends of the two cities.

Su Yu responded: "It's not scary, how can it attract selling from all walks of life and generate a large number of changes of hands?"

"Master, yesterday's opening was the highest point of market sentiment throughout the day. Today's opening is probably the lowest point of market sentiment throughout the day, right?" Liu Yuan, who was also staring at the market seriously, continued, "You said that the market's buying and selling points are

They often coincide with emotional nodes, which means that today’s opening should be the day’s buying point, right?”

"It's difficult to judge whether it is the lowest emotional point of the day, but it is certainly close to the low point." Su Yu responded to Liu Yuan, "If you want to buy a small position at the opening and do t, there should be nothing wrong."

"Hey, Mr. Su..." While Su Yu was responding to Liu Yuan, Zhao Lijun suddenly interrupted and said, "Although there is a general correction in the 'state-owned enterprise reform' and 'infrastructure' fields today, what changed at the end of yesterday's trading is what you call low-level compensation.

Those fringe junk concept stocks that have been rising based on the concept of 'state-owned enterprise reform' and 'infrastructure' have performed well. Two or three stocks actually opened sharply higher, and there was a lot of competition for funds on the market."

"No one paid attention to these tickets before. In addition, the position is very low, and there is no internal profit margin to suppress the market. All the popular leading tickets have corrected, and the basic logic of the two main lines of 'infrastructure' and 'state-owned enterprise reform' has not been broken.

Next." Su Yu said, "It's not surprising that hot money concentrated its efforts and chose this place to switch between high and low."

Although the external market plummeted, leading to a return to sluggish internal sentiment, and the market opened sharply lower, which was somewhat beyond his expectation, the overall changes in the market, and even the changes in the market's main funds during the call auction stage at the beginning of the day,

The flow and attack position were almost as he expected.

"China Railway and MCC have opened as low as 3 points." Seeing that the call auction time was approaching 9:20, Li Meng frowned and asked, "Do we need a helping hand? It feels like it's falling like this.

After yesterday’s sharp market shock, many long investment sentiments have been weakened, and there are signs of a complete collapse!”

Su Yu shook his head and said: "No, there are more smart funds in the market than we thought. We didn't get chips at low positions before, and there are more over-the-counter funds than we thought. We were able to make hundreds of billions yesterday."

The market turnover proves that the market’s ability to undertake is much stronger than we thought.”

"Do it with a small position, just watch the show carefully!"

"The Shanghai Stock Index's narrow shock range from 2140 points to 2180 points will not break."

As he spoke, the time quickly passed 9:20, and the two cities entered the real call auction stage where orders cannot be canceled.

After a large number of order withdrawals at the last minute, the sluggish state of the two cities was better than the call auction state of the previous five minutes. Although the number of stocks opened at a low price still remained at around 75%, there were already conceptual sectors

Red plate has a money-making effect.

Of course, the two core concepts of 'infrastructure' and 'state-owned enterprise reform', which have been weak since 9:15, are still weak at this moment.

The major sector indexes of building decoration, building materials, steel, and real estate all opened lower by more than 1.5%. Among them, the steel sector was the weakest, with a decline of 1.83%. At this moment, the index of the concept sector of "state-owned enterprise reform" also dropped by 1.83%.

It opened lower by 1.43%, and about 90% of the stocks in the sector opened lower.

Immediately afterwards, as the collective bidding time of the two cities passed.

The overall pattern of the two cities, and even the performance of industry sectors and concept sectors, have begun to stabilize. The number of selling and buying has increased simultaneously. The long and short forces seem to have reached a balance again under the situation where the market has opened sharply lower, and panic selling has occurred.

Emotions no longer continue to spread.

"It doesn't feel... that bad!"

Seeing that the market call auction situation was gradually stabilizing, at 9:22, in the fund trading room of Zexi Investment in Shanghai, Zhou Kan exhaled a long breath and said calmly: "I thought it would open at least 2 points lower, but I didn't expect it.

...better than expected!”

"It's indeed better than expected!" Xu Xiang nodded slightly, "It seems that the market is indeed not easy to fall at this position."

"However, today's sentiment on the two core main lines of the market, 'infrastructure' and 'state-owned enterprise reform', is not very good." Zhou Kan continued, "I am afraid that these two main lines will have a sharp correction today."

Xu Xiang smiled softly and said, "It's a good purchase!"

"Buy some?" Zhou Kan asked in surprise.

Xu Xiang nodded and continued: "If you look at the two core main lines of the market, 'infrastructure' and 'state-owned enterprise reform', the extent at which most popular stocks opened lower is the same as the low point during yesterday's huge intraday shock.

The location is about the same?"

Zhou Kan clicked on China Railway, China MCC, Huagong International, China Communications Construction, China South Locomotive, China North Railway, Pudong Construction and other "infrastructure", "state-owned enterprise reform" main line core popular stocks K-line trend

After taking a look, I found that today's call auctions for these stocks opened at a low range, which coincided with the low point of yesterday's intraday earthquake. I couldn't help but be very surprised and asked: "What does the boss mean...are these stocks still unable to fall?"

"

“Obviously, the low-level acceptance of these tickets is very strong.” Xu Xiang said, “There are countless people on and off-site who want to attract low-level funds for these two main lines, and there are more people who want to buy low-level, high-level

Since there are obviously not enough people who want to sell, it will be difficult for the stock price to fall significantly."

"In addition, the emotional impact of the external market is short-lived."

"The Shanghai Stock Index has continuously rebounded from the low level with big positive lines. It has established the rebound trend and expectations. At the same time, it has generated sufficient market trading volume in the past few days, activating market investment sentiment and money-making effect. Such a situation is not outside the market.

Can the fight be continued with a brief emotional impact?"

"Each financial trading market has its own trends and trends."

"Although there is linkage in global financial markets, they do not rise and fall in unison."

"A-shares have just experienced extreme emotions and hit the market bottom. Now that a rebound trend has formed, it will not suddenly reverse again."

"That's why I say that today's emotional low is a good buying point, not a selling point."

"Then we..." Zhou Kan heard Xu Xiang's words, paused, and continued, "Continue to increase our positions along the two main lines of 'infrastructure' and 'state-owned enterprise reform'?"

Xu Xiang nodded with a smile and said: "Yes, continue to increase positions!"

"Okay!" Zhou Kan felt that his trading thinking was still a little behind Xu Xiang's, but this did not affect his firm execution of Xu Xiang's instructions.

So, after he responded.

The next moment, he turned sideways to the traders behind him and issued instructions to continue buying the relevant target stocks.

And as Zexi Investment increased its positions...

Reflected on the market, when the call auction time passed 9:23, the "infrastructure" and "state-owned enterprise reform" fields that opened sharply lower, related popular stocks, core stocks, and active buying on the market began to increase rapidly.

The low opening range also decreases sharply quickly.

Finally, when 9:25 came, the collective bidding in the two cities ended.

The "infrastructure" core industry sectors such as building decoration, building materials, steel, and real estate, as well as the "state-owned enterprise reform" concept sector, have recovered almost one-third of the decline compared with 9:20, and the relevant indexes have returned to 1

% to a decrease of 1.2%.

As for the popular stocks in the two major areas, core stocks.

The range of lower openings is usually between 1% and 2%, which is not lower than the lowest point of the lower shadow line on yesterday's K-line pattern.

And as the only three-linked stock in the two cities, the stock "Beixin Road and Bridge".

In the last minute of the call auction, it rose sharply, and finally opened 4.75% higher, with more than 8 million transactions, maintaining a strong state.

In addition to ‘infrastructure’, which has attracted much attention from market investors, and ‘state-owned enterprise reform’, there are two core themes.

Other industry sectors in the two cities, including the concept sector, also recovered a lot of losses from low openings in the last two minutes of call auctions. The final low opening ranges were mostly distributed between 0.5% and 1.3%. Of course, among these sectors,

, the consumer and pharmaceutical sectors are in rare red territory.

Under the influence of all these industry sectors and concept sectors.

The major market indexes, which everyone originally thought would open sharply lower, have accordingly maintained a relatively stable posture, with the range of lower openings being within 1 point.

Among them, the Shanghai Composite Index opened 0.79% lower, reporting at 2158.16 points.

The Shenzhen Stock Exchange Index and ChiNext Index opened lower by 0.81% and 0.86% respectively, with several major indexes swallowing up yesterday's gains.

Faced with such an opening situation, the vast majority of investors in the market are either surprised, disappointed, or panicked... The bullish and short sentiments are still intertwined, and the short sentiments still clearly have the upper hand.

"Hey, it's still so low, I'm speechless!"

During the brief suspension period when the market was heading towards the official trading stage, some investors complained in the discussion area of ​​the stock trading platform.

"Although it opened lower by nearly 1 point, it is much better than the 4-point drop in US stocks last night. A-shares are already weak, and there is no requirement for big A-shares to move independently. Today, they can stabilize at this position.

, it’s a victory.”

"The key is not the low opening range of the index, but the two main lines of 'infrastructure' and 'state-owned enterprise reform', there are obvious signs of collapse!"

"Indeed, today's performance of the two core main lines of the market, 'infrastructure' and 'state-owned enterprise reform', in the call auction was significantly lower than expected. Damn it... these two core main lines, there were a lot of them last night

It’s so exciting, it’s actually like this today.”

"Judging from the entire collective bidding, the main funds of these two core main lines are clearly showing signs of retreat."

"It has been rising sharply for three days in a row. Why don't you let people adjust it? These two main concepts are making up for the decline today. I feel it is normal, and... to be honest, it didn't fall much, right?"

"It's not a question of whether it has fallen by a small amount, but... these are the two main lines. For the first time in recent days, they have underperformed the Shanghai Stock Exchange Index and the broader market. In a weak market, such performance should cause alarm."

"I also feel something is wrong. I have already sold half of my position in the call auction. I have always been on a roller coaster before. This time I finally caught the market. I can't do a roller coaster again. However, I feel that the market on these two main lines has not finished.

If it goes back to the low position again, I will take back the half of the chips I sold."

"My Beixin Luqiao has also sold half of its position. The three consecutive boards in front of this check are so strong that the call auction almost opened at a low price today. This is still the case with the support of Mr. Su's 'Fusheng Road' seat. I feel... this

The check also needs to be adjusted, wait for it to fall and do the second wave of prices."

"Beixin Road and Bridge are okay, Shibei Hi-tech, Waigaoqiao, Shanghai Sanmao, China Fortune Land Development...these tickets that were closed to the daily limit yesterday are experiencing a strange trend today. With the support of the good news, there is no premium at all and they are still open at a low price."

Why don't we sell it and keep it? I can see that today's market conditions are definitely not on the two main lines of 'infrastructure' and 'state-owned enterprise reform'. Speaking of which, these two main lines should indeed be adjusted."

"Pharmaceuticals and consumer collective bidding are doing quite well."

"As for the safe-haven sector, once market expectations are different, pharmaceuticals and consumption will appear slightly stronger."

"This also shows in disguise that the main funds in the market are not optimistic about today's market trend, right?"

"I feel that the Shanghai Stock Exchange Index will really step on the support of 2,000 points, reaffirming the bottom of the market, and the external trend is very bad. The U.S. stock market is a bit decapitated at high levels. At this time, it is always good to be cautious."

"In today's market, if there are profits, you can pick up after reaching the low position. If you are stuck, there is no need to move."

"Hey, I hope the market can stabilize. I finally got a mouthful of blood, but I can't give it back again!"

"It doesn't feel that bad, right? In the last two minutes of the call auction, there are obvious signs of major funds rushing to raise money. Maybe... the market will reverse again today."

"Let's look at the next performance of Beixin Road and Bridge. This check is the highest bidder in the market. If it can make room again, then there may be hope for a market reversal."

"The two main lines of 'infrastructure' and 'state-owned enterprise reform' clearly have long and short differences today. It is extremely difficult for Beixin Road and Bridge to achieve a four-board height, but... it is not impossible, as long as Mr. Su's recovery

Lu' has once again strongly increased its positions, and I believe other major funds will follow."

In the heated discussion between long and short...

The 5-minute brief suspension time passed by in a flash, and at 9:30, the two cities ushered in the official trading period.

I saw that the stagnant market of the two markets had just begun to beat. After 5 minutes of brewing, the market began to change rapidly. Among them, the stock of 'Beixin Road and Bridge', which was the core focus of the market, exploded with five consecutive million-dollar prices in one minute.

The large buying orders directly pushed the stock price up to around 8% in a flash, which stunned investors who were bearish on the stock and rushed to sell it during the call auction.

(End of chapter)