Rebirth of the Capital Legend

After hearing what Wang Yongkang said, Hou Baolong turned his attention to the Hong Kong stock market and looked at the trends of the multiple domestic real estate stocks that his fund products have focused on. He said: "The trend of the Hong Kong stock market has always been greatly affected by the trend of the US stock market. The US stock market adjusted sharply last night. It is normal for the market to have heavier selling pressure today. In addition, these domestic real estate stocks have also risen significantly in the short term, and there is a strong desire to cash in the profits, which naturally intensifies the selling pressure on the market trend.

However, in general, the logic behind the fundamental changes in these domestic real estate stocks has not changed.

And we still have some room to reach our final position building target.

In this case, let’s continue to build positions according to the original plan. We will take on as much selling pressure as possible and fill up our positions first.

After all, consider it from a medium- to long-term investment perspective.

As the property market continues to recover and the fundamentals change with demand in the real estate development market exploding again, the current market valuations of these domestic real estate stocks are still very undervalued compared to the expectations for future performance explosion and scale expansion. We don't need to worry too much about the cost of building a position at these ten or twenty points.

Moreover, the scale of funds of our fund products is relatively large.

Even if the purchase cost is high at the moment, the cost can be diluted by continuing to increase the position, so the final impact is not significant. "

After saying that, Hou Baolong immediately turned his gaze to Su Yi standing beside him, wanting to see if he had anything to add.

Su Yi noticed Hou Baolong's gaze, smiled, and said, "There is nothing wrong with what Manager Hou said, Team Leader Wang, just buy according to the plan. As long as there is no problem with the underlying logic, short-term market fluctuations and fluctuations in the cost of opening a position are not very important."

"Okay." Wang Yongkang responded, and then ordered the traders to continue buying.

And with the "Hua Yi Expedition No. 1" fund product managed by Su Yi, funds continued to be invested in buying popular weighted core leading stocks in the "big infrastructure" main line of the two markets. Both the A-share market and the Hong Kong stock market, after the violent fluctuations at the beginning of the trading, began to gradually reverse the downward trend and continue to break through.

At 9:45 am, in the A-share market, the real estate sector index rose again by more than 1.5%, showing a trend of opening low and closing high, setting a new recent rebound high. A number of related popular concept stocks also continued to rise under the support of a large amount of buying funds.

10 a.m., after half an hour of continuous trading.

The real estate sector index rose by nearly 2%. At the same time, the construction decoration, building materials, steel, coal, nonferrous metals and other sectors, as well as the Shanghai Composite Index, Shenzhen Composite Index and ChiNext Index all turned positive and rose.

At 10:12 am, Pingmei Energy, a recent market hot concept leading stock, once again hit the daily limit, setting a new rebound high.

At 10:19, Tianshan Cement surged to a 7% increase.

At 10:27, "Gemdale Group" once again rose by more than 5%, and the share price of "Capital Group" approached the daily limit. The bullish sentiment of the entire market and the profit-making effect of the market, led by the main line of the entire "big infrastructure", became active again, and the market's intraday volume also increased simultaneously.

"Compared with the same period yesterday, the market trading volume is still increasing." Noting the overall main trend of the market's 'big infrastructure' main line opening low and closing high, as well as the surging active buying of the corresponding concept leaders, Li Jinshi, one of the main speculators of the 'Fushan system', stared at the market and said, "It seems that a lot of funds missed out yesterday, and after yesterday's emotional fermentation and the spread of the news that 'Huayi Capital', an institution, had a large-scale increase in its holdings of real estate stocks, there was still a lot of new off-market funds entering the market today."

"Yes." Chen Guiyun responded, "After opening low in the morning, it was able to recover quickly and continue to attack. Today's market should be worry-free."

"It can be seen that the market's investment confidence is recovering rapidly." Liao Guoxiang also said at this time, "And the core theme of 'big infrastructure', judging from the current volume trend and the market's ability to carry it, it should be certain that it has moved out of the trend, so you can continue to trade with confidence."

"Hehe, 60% of the position is already occupied." Li Jinshi laughed and said.

"Brother Liao should have already laid out all the positions in the main line of 'big infrastructure', right?" Chen Guiyun asked, "Yesterday's core leaders all had strong performance today, and it seems that they will continue to lead the market and close the board."

Liao Guoxiang responded: "Pingmei Energy, Shouchuang Group, and Tianshan Cement are likely to have closed at the upper limit. The other stocks are lagging behind. Let's see how the market trends in the afternoon. If the sentiment cools down a little, the other lagging stocks should be closed at the upper limit."

"Where is the check from Gemdale Group?" Li Jinshi asked, "What do you think, Brother Liao?"

Liao Guoxiang said: "This check should be the capacity center in this round of real estate sector market explosion, but it is still very difficult for this check to achieve continuous daily limit, and it is likely to follow the trend."

"Well, the market synergy of this check is indeed strong." Li Jinshi said, "And I suspect that the funds that led this check should be the institution 'Hua Yi Capital'."

Liao Guoxiang said: "It is not clear who is guiding this. At present, this check is not on the Dragon and Tiger List, but it is obvious that among the large-scale notes of more than 500 billion in the entire real estate sector, this check has the strongest market capital synergy. If the sentiment of the real estate sector continues to ferment and the market continues to rise, this check will most likely outperform the sector and the market."

"What you mean is that we can now increase our holdings?" Chen Guiyun said.

"I think it's possible." Liao Guoxiang said, "I also have a position of tens of millions on this check."

"Fuck, when did you buy it?" Li Jinshi said in surprise.

Liao Guoxiang smiled and responded: "When the market diverged yesterday, since the market chose this check as the capacity center, there is no reason not to go up."

"Brother Liao, you are really good at seizing this opportunity." Li Jinshi praised, "Then I will continue to increase my position."

Having said that, he directly transferred the remaining funds in his account into the stock market of "Golden Land Group" without considering the cost, and bought them all at the market price.

When he bought in large quantities at the market price on the "Golden Land Group" trading board.

In a blink of an eye, driven by his buying, the stock price of this stock climbed straight up by 2 points, an increase of more than 7%.

And because of the leading attack of 'Golden Land Group'.

Other core leading stocks, such as Poly Real Estate, China Merchants Shekou, Kewan Real Estate, Greenland Group and other industry leading stocks, also rose in tandem.

Among them, 'Greenland Group' has a smaller circulating share.

At this moment, the volume surged by more than 4 points, exceeding the increase of 'Golden Land Group', and it seems to have taken the lead in the sector.

"What does this check from 'Greenland Group' mean?" Noticing the unusual movement of the check from 'Greenland Group', Li Jinshi frowned and said, "Is this to reserve a position?"

"It feels like he wants to reserve a spot." Chen Guiyun responded.

"Fuck, this is such a cunning trick." Li Jinshi cursed and said, "I don't know who was in charge of this check. He actually wanted to do this."

"It doesn't matter." Liao Guoxiang said, "The market recognition of the Greenland Group check is far less than that of the Gemdale Group check. Even if it hits the daily limit, it is difficult to occupy the position of Gemdale Group. Moreover, the current market has sufficient capacity to support the simultaneous rise of these two checks. No matter which one hits the daily limit first, it will be beneficial to the trend of the entire real estate sector and the continued fermentation and spread of the main line of the 'big infrastructure' market."

"Brother Liao has a big vision," Chen Guiyun said. "That's true. As long as the market volume is sufficient, there will be no problem. Moreover, the two stocks are in the same sector. Even if Greenland Group comes out and closes the board first, it should not be able to siphon off the buying power of Gemdale Group."

As several people discussed the board.

After the check of 'Greenland Group' surpassed the increase of the check of 'Gemdale Group', it indeed hit the daily limit with a domineering attitude and a huge volume.

The check then fluctuated around the daily limit for a few minutes.

At 10:39, the price limit was completely blocked, and the market orders climbed to about one million lots within one or two minutes.

"Hey, Lao Liang, Greenland Group closed the board successfully." Seeing that Greenland Group closed the board successfully, Zhao Zhiyuan, the core figure of the Qilu Gang's main hot money group, laughed and said happily, "It seems that it is the right choice for us to give up the check from Huaguo Zhongye and focus on Greenland Group, which is a more core and heavyweight leader!"

Just now it dominated the market trend of the check of 'Greenland Group'.

The funds that guided Greenland Group to seize the position of Gemdale Group during the trading session were the Qilu Gang's main hot money, headed by Zhao Zhiyuan, Zhang Wei and Liang Jiuchen.

After hearing what Zhao Zhiyuan said, Liang Jiucheng responded: "At present, we have successfully guided funds to close the board of Greenland Group, but we cannot say that we have succeeded in occupying the position of Gemdale Group. In terms of current market popularity and recognition, Greenland Group is obviously not as good as Gemdale Group."

"The popularity is gradually increasing." Zhang Wei responded, "The circulating shares of 'Greenland Group' are much smaller than those of 'Gemdale Group', and the current market trend is also stronger. As long as the sentiment of the real estate sector continues to ferment and the trend continues to be strong, as the sector becomes more and more popular, and the subsequent trend of 'Greenland Group' is always stronger than 'Gemdale Group', the funds in the market that follow the trend and go long will naturally focus on the 'Greenland Group' stock, and they will also know that this stock has better elasticity."

"What Lao Zhang said makes sense," Zhao Zhiyuan said. "No matter what, the market position of this check is much better than that of the 'Huaguo Zhongye' check."

"That's for sure." Liang Jiuchen replied.

"The trend of the entire real estate sector index has now broken through the high point of the previous day, creating a new high in this round of rebound." Zhao Zhiyuan continued, "and the market volume is still expanding, which shows that there is a continuous influx of off-site funds. According to this trend, the trend of the entire 'big infrastructure' main line has already emerged. In other words, it is basically certain that the entire real estate sector will continue to rise. As long as the market trend of the entire real estate sector has not ended, then 'Greenland Group', which has obviously lagged behind other core leading stocks in terms of growth, may make up for the rise. We can naturally continue to be aggressive in trading and grab excess profits in the market."

"After the core theme of 'big infrastructure' comes out, it will definitely rise in the medium and long term," Zhang Wei continued, "but in the short term, the accumulation of profit-taking is also quite rich. If the market sentiment continues to ferment today, it is estimated that it will not be far from a short-term adjustment."

"In fact, today's selling pressure is not small." Liang Jiucheng responded, "It is okay to go long with a heavy position at this time, but when market sentiment further ferments and the market begins to turn from divergence to consensus again, we should still moderately reduce positions to stop profits and reduce the cost of holding positions, so as to avoid a roller coaster ride back and forth due to sharp short-term fluctuations."

"Okay." Zhao Zhiyuan responded, "Let's stick to the same idea as before and take the long view."

As several people further adjusted their ideas and holding strategies...

Also as market trading hours continue to move forward.

On the market, various industries and concept sectors related to the main line of "big infrastructure", whether it is real estate, building decoration, building materials, or nonferrous metals, coal, and steel sectors, are still continuing to increase in volume and rise.

Driven by the entire "big infrastructure" theme, the Shanghai Composite Index, Shenzhen Composite Index and ChiNext Index have also continued to rise in volume.

At the same time, main sectors such as Internet software, new energy industry chain, film and television media, which were in a short-term oversold state, also rebounded at this time.

At this moment, the two markets once again showed a general rebound trend.

And as the market rebounded further and more than 85% of the stocks in the entire market achieved a trend of opening low and closing high, some private equity funds with smaller positions off-market, as well as some retail investors who had been heartbroken by the long-term bear market and had significantly reduced or liquidated their positions, began to be tempted at this time and could not help but want to reinvest funds to enter the market again or increase their positions.

Among them, Shanghai, Jufeng Asset Management Co., Ltd.

In the trading room of the Jufeng Future Growth Fund, Lu Xiangxiang, the fund product manager, stared at the trend of the market and the continued surge of the main line of "Big Infrastructure". After hesitating for a long time, she couldn't help but ask Yu Xiaolu, the fund trading team leader next to her: "Xiaolu, do you think the market trend, driven by the main line of "Big Infrastructure", is likely to reverse? Or... can it be sustained?"

Originally, she was in charge of the 'Jufeng Future Growth' fund product.

In the second half of last year and the beginning of the year, we took advantage of the opportunity to invest heavily in the main line of the "new energy industry chain" and basically recovered the losses during the stock market crash.

But later, market liquidity became increasingly scarce, and the main market trend of "new energy" was no longer hot.

The key point is that it is rumored that after the subsidy reduction next year and the main line logic of "new energy" changed, she failed to reduce her holdings in time and returned more than half of her profits. In addition, the sharp decline in the main trend of "new energy" also caused the net value of the "Jufeng Future Growth" fund product she was in charge of to fall sharply.

Later, seeing that market liquidity was deteriorating and there was indeed no possibility of reversal.

She reluctantly reduced her holdings significantly.

But unexpectedly, just when she had just significantly reduced her positions and decided to keep the fund positions at the lowest level to get through this difficult bear market, the core theme of "big infrastructure" suddenly emerged, gained momentum, and rushed out, catching her off guard again.

And, due to excessive fear of market trends.

As a result, after she realized the underlying logic of the core theme of "big infrastructure", she hesitated and did not dare to take any positions, thus missing out on the recent market trend.

But now looking back...

The more she thought about it, the more she felt something was wrong, and the more she felt that the core theme was "big infrastructure".

It is very likely to become a market with the same momentum as the previous 'new energy industry chain', as well as the previous outbreaks of 'white wine', 'white appliances', and 'pharmaceuticals' main lines, forming a relatively long-term upward trend.

Previously, the main investment opportunities were in the sectors of 'white wine', 'white appliances' and 'pharmaceuticals'.

She caught none.

This time, faced with the main line investment opportunity of "big infrastructure" which has clear underlying logic, strong policy support, and expected explosive performance, she really found it difficult to suppress the urge to adjust her portfolio.