Rebirth of the Capital Legend

"Disagreements are good." Su Yi nodded slightly and said, "Without disagreements, how can there be any chips to exchange? As long as there is no problem with the underlying logic and the stock price trend has not yet reflected future expectations, then temporary disagreements and temporary drastic adjustments are not selling points, but rather good selling points."

"Yeah, I think so too." Hou Baolong nodded and said, "However, after the bottom burst, a relatively large market divergence appeared so quickly, which also shows that the various capital groups in the current market seem to lack confidence in the logic and expectations of the core theme of 'big infrastructure'!"

Su Yi responded: "The birth of any main market trend cannot have strong consistent expectations from the beginning to the end. The development of any market trend is a gradual rise from the process of constant doubt, belief, doubt, and belief. The so-called market trend is born in despair, moves forward in doubt, reaches the top in consensus, and ends in madness. In my opinion, the current market sentiment development is still in line with the development and changes of the main market sentiment, and has not deviated from our expectations.

As for incremental funds, there is indeed a lack of confidence in the underlying logic of the "big infrastructure" main line, as well as in the future expectations and the various market funds.

But it takes time to build market confidence.

As long as the offline property market boom continues, and as long as the fundamentals of the entire real estate market continue to improve.

Then, the core theme of "big infrastructure" will surely come out if the performance of many industry-leading stocks is realized.

As long as the performance meets expectations, the confidence of funds in trading will naturally return.

As a result, the entire market's confidence in capital investment will return.

Since we are focusing on long-term investment, we should not be too anxious or pay too much attention to the market trends and sentiment changes in one or two trading days.

During a bear market, the short-term active capital groups in the market are like a frightened bird.

The activity of various hot money is not high.

Once there is any disturbance in the market or any fluctuation in sentiment, the profit-making funds will quickly take profits and stop losses, and continue to turn to other main lines that are considered safe for speculation.

This is a very normal thing, we don't need to make a fuss about it.

What's more, in today's market, the main funds that truly determine the direction of the main market are no longer determined by hot money.

We lead the core theme of 'big infrastructure'.

The purpose is not to attract these hot money, but also various short-term funds to help us carry the sedan chair.

Our main goal is to attract various institutional capital groups, and make these institutional funds believe in the underlying logic and long-term investment value of the "big infrastructure" main line, and then continue to enter the market to support us, just like the liquor, white goods, and pharmaceutical sectors at the beginning of the year.

As long as we maintain the popularity of the market and continue to deepen the underlying logic of the main line of "big infrastructure".

Then, with the change in industry fundamentals and the continued guidance and inclination of national policies, as the performance of many stocks is realized, there will definitely be continued intervention of major funds from large institutions to help lock in shares and help to boost market speculation.

So, we don’t need to be too anxious at all.

Just continue to build positions according to the established investment ideas and trading strategies. "

"Okay, Mr. Su." After hearing Su Yi's detailed analysis of the market, Hou Baolong nodded firmly and said, "Then we will continue to buy according to our original idea."

After saying that, Hou Baolong turned around and immediately instructed the traders to continue to increase their positions and buy when the market fluctuated and fell in the late trading.

"Manager Hou, are we still buying in the Hong Kong stock market as planned?" Wang Yongkang, the trading team leader in charge of Hong Kong stock trading, asked in the trading room. "In the Hong Kong stock market, the trend of domestic real estate stocks is obviously much stronger than that of the A-share market. And it seems that there has been a lot of buying funds intervening in the market in the past few days to compete with us, resulting in a continuous short squeeze trend for domestic real estate stocks in the Hong Kong stock market. If we keep buying like this... I feel that the cost of opening a position will continue to rise, which is a bit uncomfortable."

Hou Baolong glanced at Wang Yongkang and was about to respond.

At this time, Su Yi turned his eyes and asked with a smile: "Then do you have any good suggestions and ideas?"

Wang Yongkang paused and said, "Mr. Su, since the core theme of 'big infrastructure' in the A-share market has already shown a divergent trend, the various short-term capital groups that intervened a few days ago, as well as the latent and locked-in capital groups in the market, have now realized the decline in market sentiment and are rushing to sell off their positions or take profits and flee.

Moreover, we have also seen it.

In the entire A-share market, the new funds involved in taking over the buying orders are clearly insufficient.

In addition, due to the high and low switching of short-term funds, the follow-up funds that originally cut positions in technology stocks and flowed into the main line of "big infrastructure" are also decreasing.

The lack of new funds in the off-market, coupled with the rapid weakening of follow-up funds.

The resulting overall lack of follow-up will inevitably lead to larger market fluctuations or a decline from highs in various sectors in the current main area of ​​​​"big infrastructure" and the leading stocks in various industries that we plan to focus on building positions.

In addition, this round of "big infrastructure" main line market started from the bottom and was relatively sudden.

At present, the main funds of various institutions have not yet thoroughly studied the underlying logic of this core theme and future expectations, and their willingness to chase high prices and buy shares is general.

In this case, I estimate that the probability of a major adjustment in the main line of "big infrastructure" in the past two days is very high.

Since the main line of "big infrastructure" has entered the stage of violent fluctuations in chip turnover, and due to various reasons such as market liquidity, insufficient external incremental funds, and insufficient willingness of active capital groups in the market to chase high prices, it is inevitable that the trend will fluctuate and fall back to adjust.

So, why don't we take advantage of this volatile decline.

Give us the task of building positions for the entire fund, creating better opportunities for building positions and lower costs?"

"How to build it?" Su Yi looked at Wang Yongkang with a smile, and suddenly felt that the other party seemed to be a good talent.

Wang Yongkang paused, then responded: "In the past few days, the A-share market and the Hong Kong stock market have been almost linked in the real estate sector and even the entire 'big infrastructure' main line.

Moreover, the speculative funds in the two markets should have reached this consensus.

Since there is such consensus among the funds.

Then, we can use the relevant chips we currently hold and sell them off at the right time according to the changes in market sentiment, accelerate the decline in market sentiment, and accelerate the adjustment of corresponding individual stock prices, inducing more short-term profit-taking and internal unstable trapped chips to be dumped out all at once.

Regarding the entire logic of the "big infrastructure" main line and the expectation of explosive performance in the future.

This position is still completely the bottom.

The more chips are exchanged here, the more unsteady chips will be smashed. In my opinion, it will be more conducive to the explosive strength and duration of the market of this core main line after we complete the position building. "

"Sell instead of buy?" Hou Baolong was stunned, thought for a while, and responded, "It's not impossible, but... we don't have a lot of chips at the moment, and especially in the Hong Kong stock market, there have been funds that have been competing with us for chips, and the Hong Kong stock market lacks liquidity. We haven't attracted enough chips to control the market in recent days. In this case... once we sell the chips in our hands, what if we can't buy them back at a low price? That would completely violate our established operation plan."

"No." Wang Yongkang said firmly, "Both the A-share market and the Hong Kong stock market are currently in a bear market stage. Moreover, in offline cities, although the real estate market is still booming and housing prices are still rising, local governments are selling land and developers are acquiring land at an expanding scale and speed, but due to the impact of the account period and the previous housing price trend history.

The entire real estate developer, that is, the entire listed real estate company.

There is a lag in performance realization.

Whether it is investors or home buyers, the current views on the sustainability of house price increases tend to be conservative, and only a very small number of people believe that this wave of house price increases can continue.

This expectation gap has led to the fact that major funds are aware of the investment opportunities in the real estate sector and even the entire real estate industry chain.

But I am still skeptical about the underlying logic.

This is also the reason why the entire "big infrastructure" main line of the market, supported by major policy benefits, has just fermented for two or three trading days and has begun to enter a major divergent trend.

Since the major financial institutions are skeptical about the predictions of this core main line logic.

So, once the market shows a bad trend.

That is, various fund groups are selling their chips, and the corresponding leading stocks in the core industries are opening high and closing low, and are all plummeting.

Then, their expectations and predictions will naturally be shaken.

The shaken confidence in their hearts will naturally drive them to not dare to increase their positions on a large scale or go against the trend to buy stocks regardless of their current position without complete clarity of expectations and logic, especially without unanimous recognition of various market funds.

In other words, we don’t have to worry about not being able to get back our chips after selling at a low price.”

"Well, not bad." After listening to Wang Yongkang's analysis, Su Yi smiled, his eyes focused on Wang Yongkang's face, and said with a smile, "The logic of your analysis is basically fine, Manager Hou... In this case, let's give it a try according to Team Leader Wang's idea.

Is it useful or not? What do various funds think?

Let’s sell some chips on the market and give it a try and we’ll know.”

Seeing that Su Yi agreed with Wang Yongkang's suggestion, Hou Baolong immediately ordered the traders to sell off the chips of some core stocks related to the real estate sector in both the A-share and Hong Kong stock markets without waiting for Su Yi to give any further instructions.

When traders followed Hou Baolong's trading instructions and sold their chips.

In the A-share and Hong Kong stock markets, the share prices of related core real estate stocks began to fall instantly, and the funds that followed the trend and sold also increased further instantly.

At the same time, there is not much money that is actively used to maintain the market and buy against the trend.

Many of them are passively undertaken.

In general, amid the concentrated selling by traders, the situation that everyone was worried about, that is, large funds going against the trend and placing orders to buy chips, did not occur.

This illustrates the thoughts and ideas of various market funds at this time.

It is indeed the same as what Wang Yongkang said.

That is, with the short-term profit-making funds constantly selling off and the unsteady trapped positions in the market constantly stopping losses and retreating, everyone's future expectations for the main line of "big infrastructure" and their confidence in going long are in a hesitant and unsteady state.

Since various capital groups in the market have investment confidence in the main line of "big infrastructure".

It is in a state of hesitation and indecision.

Naturally, the trading ideas and position building strategies mentioned by Wang Yongkang will work.

Mainly looking at the market trend after the traders concentrated on selling, Hou Baolong smiled and realized the existence of the opportunity.

Then, without waiting for Su Yi to give further instructions.

He continued to instruct the traders to further sell off the relevant chips in their hands and push down the stock prices of the core industry leaders in which they were planning to build positions.

At the same time, as the market trading hours approach, it is getting closer to the end of the trading day.

Due to the entire market, the amount of actively undertaken funds has further decreased.

As funds fled with profits, they began to concentrate on the liquor, pharmaceutical, white goods, and consumer sectors, once again leaning towards the defensive sectors.

Whether it is the A-share market or the Hong Kong stock market.

The trend at the end of the trading day showed a continuous downward trend.

"Fuck, this is a massacre within a day!" Seeing the market plunge getting bigger and bigger at the end of the trading day, and the decline becoming more and more rapid and fierce, Zhao Zhiyuan, who is a member of the main hot money group of the 'Qilu Gang', smacked his tongue, and was somewhat shocked in his heart, "It really killed all the funds undertaken within the day!"

"This trend... we can't stay here, we can't stay here!"

When Zhao Zhiyuan couldn't help but complain, Zhang Wei's heart also skipped a beat and he couldn't help but exclaimed.

"I didn't expect the market sentiment to fall so quickly at the end of the trading day." Liang Jiucheng, a core figure in the main speculators of the 'Qilu Gang', was staring at the market which had entered the last 15 minutes of trading at the end of the trading day. He was also a little surprised. "In a bear market, there really is no pattern. Damn it!"

Originally, he was thinking of continuing to make progress on the "Huaguo MCC" check and build it into the capacity leader of the entire "big infrastructure" main line.

But now...

He has not yet carried out large-scale profit-taking and selling.

Other leading "big infrastructure" companies have shown signs of total collapse.

"Lao Liang, the sentiment of the entire 'big infrastructure' main line has collapsed. The 'Huaguo Zhongye' plate can't be made anymore, right?" Zhang Wei said anxiously, "If you ask me... concentrate on selling and locking in profits. 'Jindi Group', 'Kewan Real Estate', 'Huaguo Construction', 'Poly Real Estate'... and other core leading stocks, as well as 'Shenhuo Shares', 'Pingmei Energy', 'Tianshan Cement', 'Beijiang Communications Construction', 'Capital Group', 'Yu Development', 'Bayi Steel', 'Linggang Shares'... and other popular short-term stocks are all loosening up. Selling orders are endless. We can't handle them at all, and we dare not handle them."