The investment era of rebirth

Just in the midst of this fervent bullish sentiment.

At 9:15, the call auction in the two cities began. As the stagnant market began to beat, nearly 90% of the more than 2,000 stocks in the market all showed a trend of opening higher in the red. Among them, 'Huake Dawn,

Flush, Shanghai Sanmao, China Airlines Heavy Machinery, Blue Stone Heavy Equipment, Jinzheng Stock... these leading concept stocks that are popular in the market have even shown a trend of opening higher than the daily limit.

"It's a huge opening!"

At the moment when the market prices of the two markets began to jump rapidly, at the same time, in the Shenzhen Stock Exchange, inside Xiniu Fund Company, in the main fund trading room, Mou Zhengxing, the product manager of the 'Manniu No. 2' fund, stared at the market and said with emotion: "This market

Isn’t the bullish sentiment a bit too strong?”

According to the moment of 9:15, the market pattern presented by the two cities.

If this pattern can be maintained until the official call auction ends, Mou Zhengxing predicts that the market's major core indexes should open higher at a position close to a point.

And this higher opening range, compared with the emotional performance before the market opening, is obviously somewhat beyond expectations.

Of course, from the perspective of the normal volume and energy performance during the call auction stage, as well as the changes in selling power... Generally, as the call auction time goes by, it is extremely difficult to maintain a sharply higher opening situation until the end without extremely heavy positive support.

, forming a relatively perfect expected situation.

"Next Monday will be the day when the Shanghai-Hong Kong Stock Connect is officially launched." Fang Xinsheng, the general manager of the company's asset management business standing next to Mou Zhengxing, also stared at the changes in the two markets seriously. Hearing his words, he smiled slightly and said

, "Such a deterministic big positive, and at the same time, the external market trend is also supportive, and the concentrated selling pressure on the Shanghai Stock Index near 3300 points has been almost cleared up in Monday's rapid market correction. In this way...the upward pressure is reduced,

It is also supported by the expectation of subsequent major good news. It is actually very easy to understand that some major financial groups with relatively deep market knowledge rush to rush to raise funds before the good news comes to fruition.

With these major financial groups rushing away one after another.

When profit taking and arbitrage settlement cannot temporarily put upward pressure on the index and market, causing excessive pressure.

This sharply higher opening call auction situation in early trading today is easy to predict and understand. As far as this situation is concerned...it does not exceed many expectations before the market opens."

"Looking at the performance of the main lines on the market, I feel that the new capital groups that have entered, as well as the areas with strong follow-up efforts, are mainly the major sectors of 'securities, Internet finance, military industry, film and television media, and sub-new stocks'!" Fang Xinsheng

Next to Mou Zhengxing, Liu Xin, who had been silent all this time, thought about it for a moment and said, "It is becoming more and more obvious that the strong market players will always be strong."

"Whether it is the trend of individual stocks, the trend of main line sectors, or the trend of core indexes... basically in the evolution of the market, the trend is getting clearer and clearer." Fang Xinsheng said, "'Securities, Internet finance, military industry, film and television media

Although the recent market trends of these major sectors, sub-IPO stocks, have far exceeded the performance of the Shanghai Stock Exchange Index, Shenzhen Stock Exchange Index and ChiNext Index over the same period, they are at a relatively high level in the short term.

However, if you analyze it carefully...

It is possible to obtain the certainty and follow-up expectations of the market conditions of these major sectors. It is still far stronger than other low-level main lines in the market that have not yet formed an obvious upward trend. There is still no large group of main funds to concentrate on increasing positions and follow the trend.

and related concept sections.

Since the certainty of market development and subsequent expectations are higher.

Naturally, there is no reason why the major sectors of "securities, Internet finance, military industry, film and television media, and sub-new stocks" should not continue to be stronger than the market!

To put it simply, the market itself is actually the fairest.

After all, everyone buys and sells, and all they get is real gold and silver. The root cause of all rises and falls is the final choice of funds, or the concerted efforts of the capital group.

Since the concerted efforts of the market capital groups have formed such a trend and situation.

That means all of this is reasonable.

If it is unreasonable, the market will naturally correct it, and naturally the core sectors of 'securities, Internet finance, military industry, film and television media, and sub-new stocks' will not form the current market situation."

"Mr. Fang makes sense." Mou Zhengxing replied with a smile, "In the trading market, we all know that to be strong rather than weak, the certainty and stock price elasticity of strong stocks are often stronger than that of weak stocks. After all, the main funds

For groups to follow the trend, they must have strong enough investment logic or hype logic to support it."

Liu Xin smiled and said: "I'm not saying that the rise in core popular sectors such as 'securities, Internet finance, military industry, film and television media, and sub-new stocks' is unreasonable. I mainly think that the current market differentiation is still obvious.

The so-called comprehensive bull market, for now... shouldn't be considered a bull market, right?"

"A comprehensive bull market... should not be counted at the moment." Fang Xinsheng responded, "Not long after the Shanghai stock index crossed 3,000 points, investment confidence in and outside the market has fully recovered. In fact, it is full of calculations. It only takes more than half a month for a market to develop from birth to development.

, and then from development to extreme, from extreme to end, it takes a certain amount of time to react.

At present, the so-called "bull market" market should have just entered the stage of development.

In addition, when the market has high certainty and good expectations, the core main lines, as well as the weighted stocks in the core concept sector, are still undervalued or at a reasonable stage, it is generally difficult to achieve a comprehensive and sustained general rise in the market.

occurring.

After all, as far as the trading market is concerned.

If funds are compared to flowing water, then the entire market is a huge lake.

In this lake, the main lines, the major industry sectors, and the major concept sectors are just puddles with different terrains.

This chapter is not finished yet, please click on the next page to continue reading the exciting content! When the lake is in a relatively dry state and the flowing water is not enough to fill the entire lake.

Then, when the external water flows in, it must first flow into the lake and the relatively low-lying puddle areas.

And only when these lower-lying puddles are filled with water.

Then, the subsequent water flow will flow into other places, and eventually... until the entire lake is filled.

In other words, the market liquidity is not yet sufficient to raise the valuation level of all stocks in the market.

Then, new incoming funds must give priority to the most cost-effective market.

The easiest way to make money.

The certainty in all aspects is high, and liquidity is abundant, and various funds follow the trend relatively smoothly, which is active in the main line areas or corresponding core stock areas.

Only when these are core main lines and leading stocks with high certainty and ample liquidity.

Driven by the continuous funding group, the stock price's valuation is gradually raised, and in the market, it gradually loses its cost-effectiveness, or in other words, the money-making effect begins to weaken and is lost.

Then, the subsequent funding groups will slowly start other non-mainstream main lines.

And when this time.

If the market liquidity is still increasing, there will be a huge amount of incremental funds pouring into the market.

Then, will the sustained general rise situation truly take place, and the 'comprehensive bull market' situation mentioned by Mr. Liu will truly arrive at this time.

As for the emergence of this ‘comprehensive bull market’ situation.

There is no way of knowing exactly when it will happen.

We can only judge from the logic of market development. If the "bull market" pattern continues, if capital liquidity continues to be further loosened and enlarged, and if market investment confidence further increases, the overall market investment risk preference will continue to rise.

Then, the arrival of a 'comprehensive bull market' is bound to happen.

As far as trading operations are concerned, before the arrival of this ‘comprehensive bull market’, we can only follow the development of market conditions and trends and do it slowly.”

"Agree!" After listening to Fang Xinsheng's analysis, Mou Zhengxing nodded and responded, "I also think that the current position should only be the starting point of this round of 'bull market', and the development of the entire market should be the same.

It has just started, whether it is the currently hot 'securities, Internet finance, military industry, film and television media, sub-new stocks' sectors, or other main lines and concept sectors, there should be broad room for growth. Generally speaking...

…During the six years since our A-share market sank to the bottom, the valuations of many stocks have deviated too far from their fundamentals. As long as the market liquidity is slightly sufficient, there is obvious flexibility in valuation recovery.

, and there is obviously a need in this regard.”

Seeing that the two of them were still confident about the subsequent development of the market, Liu Xin smiled and said: "Not to mention, compared with the external market, at this stage, the average valuation of our A-share market is indeed very high in the world.

It's underestimated. If the market liquidity can continue to be above 700 billion, the expectation of valuation restoration is indeed quite large."

"So..." Fang Xinsheng smiled and said, "In a sense, as market liquidity becomes more and more abundant, almost all stocks in the current market have a very good price/performance ratio.

It can be said that most stocks, bought at this time, can be regarded as high-quality chips, and holding these stocks, there is a high probability that you will be able to make money from these stocks in the future.

In other words, our A-share market is the big lake of the financial market.

At present, the water in the lake has not risen yet, and even the previously dry areas have not been completely saturated by the new flowing water and have restored the water level to the dry period."

Following the simple conversation between the three of them, there was an analysis of the market conditions of the two markets.

At this time, the market trading time has unknowingly advanced to 9:20, and the real collective bidding process has entered.

I saw that after the initial collective bidding session from 9:15 to 9:20.

When a large number of false pending orders were withdrawn at the moment approaching 9:20, the market situation of the two cities showed more obvious signs of retracement compared to the moment at 9:15.

However, overall, there are signs of a pullback.

However, among the more than 2,000 stocks in the two cities, almost 85% of the stocks still maintained a red market and a high open.

Among them, 'Huake Shuguang' maintains a one-word daily limit trend, and on the market, there is no large-scale transaction order matching, with only 378 lots. However, there are as many as 320,000 daily limit orders on the market. Look at this

Situation... It is obvious that this check will most likely reach the daily limit today.

The stock price of Flush has fallen back to 5.22% from the daily limit at 9:15, and there are more than 3,700 trading orders planned to be matched on the market. It seems that... as the call auction time goes by, its opening is higher, and there are

There is an obvious risk of a pullback under pressure.

"Shanghai Sanmao" still maintains the trend of daily limit.

However, although its stock price can still maintain the daily limit, its daily limit orders have been significantly reduced to less than 10,000 lots at this moment, and the number of orders to be matched on the market has expanded to around 6,000 lots. According to this market pattern, at that time,

When the call auction ends, there is a high probability that this check will not be able to reach the daily limit, and its stock price will also most likely fall back.

At this moment, the stock price of ‘Bluestone Heavy Equipment’ also dropped from the daily limit to 4.12%.

There are also popular concept leading stocks such as China Airlines Heavy Machinery, Leiman Optoelectronics, and Ciwen Media. The market gains at this moment have dropped significantly compared with those at 9:15.

And like the check of "Chengfei Integration".

At this moment, from 9:15, it opened sharply higher by 3.75% and retreated to a lower position of 1.12%.

In general……

As the market's popular sectors, the core stocks in the 'Securities, Internet Finance, Military Industry, Film and Television Media, and Sub-New Stocks' sectors have fallen significantly compared with the market performance at 9:15, while other main areas, industry sectors, and concept sectors have fallen sharply.

, those stocks that did not open much higher at 9:15.

At this moment, the decline in gains is not obvious.

In fact, many low-level stocks that were not intensively speculated by funds yesterday, and were discovered by everyone after a day of fermentation, and can be related to the core main line of the market, are still rising steadily at this moment, and the call auction trend shows

, and it’s getting stronger and stronger.

"As expected, it fell back. I knew that the market would open too high and it would definitely not be stable!"

At 9:21, in the main fund trading room of Zexi Investment Company in Shanghai, Zhou Kan stared at the rapidly changing disks of the two cities and said with a smile: "Everything is too much, 'Securities', 'Internet Finance', 'Film and Television'"

The short-term gains in sectors such as "Media" and "Sub-New Stocks" are already considerable. If we continue to attack with such force and continue to open higher, the pressure on the market will only increase."

"There shouldn't be much of a problem with today's market conditions." As Zhou Kan lamented, Xu Xiang, who was sitting next to him, said with a smile, "What you should be worried about is next Monday!" Everyone who likes Rebirth of the Investment Era invites everyone.

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