Rebirth of the Capital Legend

"If they really start dumping the market as soon as the price goes up a little, don't the big investors have a big vision?"

Seeing the market falling rapidly as soon as it opened, and the "big infrastructure" main sector, which had been at a high point in sentiment over the weekend, showing an obvious loss-making effect, some retail investors gathered on the online stock investment platform could not help but complain.

"Oh, I chased highs. It's speechless. As soon as I buy, it goes down, and as soon as I sell, it goes up."

"How come the bullish sentiment on the market suddenly faded after the market opened? Damn... is this designed to attract people to buy in?"

"I thought it was abnormal that the market sentiment was too hot before the market opened, and sure enough..."

"I really can't have too high expectations. This trend is so annoying. If you chase the price a little higher, you will be harvested and strangled by big funds in an instant."

“I thought I shouldn’t chase high prices, but I still bought in after the market opened. Sigh… I don’t have the unity of knowledge and action!”

"Last Friday, the U.S. stock market closed with a sharp drop, but after the A-share market opened, the market just kept going up without thinking. Now the market sentiment has obviously improved, but the market opened with a sharp drop. This market is... really crazy, there is no pattern at all."

"Fuck, I just chased this check from 'Pingmei Energy' and now I'm in trouble."

"It's awesome! This is harvesting in the open!"

“No wonder the big funds outside the market are unwilling to enter the market. This kind of trend of falling after a slight rise can’t create a sustainable profit effect. Who is willing to participate?”

"The major institutions in the market were still loudly advocating a market reversal over the weekend, but I didn't expect the market to plummet after the opening. I wonder if these institutions will be embarrassed now? Fortunately, I didn't believe them. I knew that the words of these institutions in the market cannot be believed. These words... if you listen to them in reverse, they will definitely be correct."

"Why are the institutions embarrassed? Aren't they just trying to attract new investors to join the market and reap the benefits?"

“It feels like the price didn’t rise much before, so are the big funds starting to reap the profits now?”

"That's right. It's only been rising for a few days. The big funds in the market really have no vision. What they said before about the bear-bull reversal is simply a joke."

"Alas, the concentrated selling of profit-taking makes the 'big infrastructure' line look like a double top!"

"What double top? It's clearly a large range of fluctuations. There is no continuous upward trend at all, so it can't be called a double top."

"What's the point? I bought Conch Cement and have made 12% profit. Do I want to withdraw?"

"The check for 'Conch Cement' should be safe, after all, it seems to be the core holding of the main fund product 'Huayi Expedition No. 1' managed by President Su."

"It is obvious that the overall chip structure of the entire 'big infrastructure' main line has begun to loosen in the early trading."

“It is recommended to harvest profits immediately if there are any. In a bear market, it is most likely that profits will be narrowed and you will be trapped continuously.”

"The Conch Cement stock didn't plunge much, so it's relatively okay, and it feels like it's trending relatively stable. The worst thing about Tianshan Cement, the leading cement stock that everyone was hyping up over the weekend, is that it opened 7 points higher, but in just a short while, it's already plunged underwater, losing a full 10 points."

"Damn it, I just bought 'Tianshan Cement', and it was slow in the early trading. Now my profit has gone to zero."

"Alas, the loss effect on the market is becoming more and more intense."

"The decline of the main line of 'big infrastructure' is considered good. If you look at other main concepts in the market, the decline is even more severe. It seems that all the funds are dumping the market and fleeing!"

"The worst hit sector is the 'Internet software' sector. In the previous week, it basically did not rise with the overall market, but today it suffered even more than the overall market plunge."

"The main line of 'new energy industry chain' and the related sectors of 'electronic information' are the same."

"At the moment of opening, it seemed that the market was holding up well. Why did it suddenly collapse?"

"Who knows? This trend is simply poisonous."

"Why do I feel like this is not an indiscriminate dumping of stocks by profit-taking investors? Otherwise, it doesn't make sense that the main line of 'big infrastructure' is diving, and other sectors are also diving. You know, except for the core main line of 'big infrastructure', which has accumulated some profit-taking chips recently, other main lines really haven't risen much, and there are not many profit-taking investors."

"Could it be that there is some potential major negative news in the market? So the big funds in the market took action in advance?"

"Shouldn't it be? Hong Kong stocks didn't follow suit and plunged sharply. If there was any potential major negative news, the trend of the Hong Kong stock market would also be greatly affected."

"The liquidity of the Hong Kong stock market is limited, and it is possible that funds are slow to react."

"It doesn't look like a sell-off due to a potential major negative impact. I think it's more like a large amount of funds in the market exchanging chips and making large-scale rapid adjustments, right?"

"Big funds are shifting positions? In which direction are they shifting positions? Is it the main line of 'big infrastructure'?"

"To be honest, I also feel like the big funds in the market are adjusting their positions. You see, in fact, there is not much net outflow of big funds in the core stocks in the main line of 'big infrastructure'."

"That's not right. Big funds have been selling a number of popular short-term stocks in the main field of 'big infrastructure' since the opening. 'Shenhuo Shares', 'Pingmei Energy', 'Tianshan Cement', 'Beijiang Communications Construction', 'Capital Group', 'Yu Development', 'Bayi Steel', 'Linggang Shares'... These stocks have fallen by more than 5 points in the past ten minutes after the opening."

"Never mind. As long as there is profit, it's always right to stop profit."

"What if there is no profit? Are you going to run away?"

"Even if there is no profit, we have to run. The market has rebounded for several days in a row. The probability of a sharp drop today is extremely high."

"Although the market trend is very bad, the volume performance is very good. In the first 15 minutes of the morning, compared with the same period yesterday, the volume continued to increase."

"With profit taking being so severe, how can there not be a large volume?"

"In fact, we can take a closer look. I feel that the core theme of 'big infrastructure' has definitely not finished!"

"Yes, I also feel that it is not over yet. Isn't the Huayi Capital, which is headed by President Su, still increasing its holdings? It doesn't make sense to sell off a large number of chips at this time, right?"

“During a bear market, if you don’t rebound, you will definitely lose money.”

"Oh, I sold it. I only made 5 points in this wave. Really..."

"It's good to make money. Damn it, I haven't even gotten out of the trap yet, and I don't know if I should run now?" "I feel that if you hold the leading stocks in the core theme of 'big infrastructure', you can continue to hold them and see how the market moves. In the early trading today, the leading stocks in the core theme of 'big infrastructure' also fell, but the decline was not significant."

"The short-term hot stocks dominated by hot money can be sold now."

"From the market trend, it is clear that institutions are more sophisticated than hot money."

"That's for sure. Hot money sells as soon as it makes a little profit. They are short-term traders anyway. How can they talk about the overall situation?"

Accompanied by heated discussions among retail investors and the continuous advancement of market trading hours.

The investment sentiment of the market has turned from a unanimous bullish situation at the beginning of the session to a situation of obvious divergence as the market and individual stocks have dived from high levels to adjust.

And as market trading hours go by…

The transactions between buyers and sellers on the market are becoming more and more intense, and the volume of transactions is also getting bigger and bigger. Many stocks have set record high trading volumes in the past six months.

At this time, the 'Qilu Gang' was the main group of hot money.

Zhao Zhiyuan, who also noticed the increasing divergence in the market and the general decline of individual stocks, was also hesitating whether to take immediate profits and withdraw.

"Lao Liang, looking at the market trend this morning, I feel like the market is going to adjust again." Zhao Zhiyuan said after thinking for a while, "The selling pressure on the Greenland Group check this morning is quite heavy. Should we take profit at this position?"

Liang Jiucheng thought about what Zhao Zhiyuan said and responded, "Shenhuo Shares, Pingmei Energy, Tianshan Cement, Beijiang Communications Construction, Capital Group, Chongqing Development, Bayi Steel, Linggang Shares... these stocks with the concept of "big infrastructure" are being sold by the big funds locked in the market, and the hot money that dominates these stocks is basically selling to take profits.

However, judging from the sharp decline in other sectors.

In addition, from the main line of "big infrastructure", the market can still be stabilized for now, and it can take over the relatively strong "Anhui Conch Cement", "Shenhua Coal", "Poly Real Estate", "Kewan Real Estate", "Gemdale Group", "China Construction", "China Railway Construction", "BeiXin Building Materials", "China Building Materials"... these core leading stocks with heavyweights are on the rise.

It seems that the market in the main area of ​​'big infrastructure' is still very resilient.

I feel that after this round of concentrated profit-taking, there is still a chance for the entire market to turn from divergence to consensus.”

"Well, I agree with Lao Liang." At this time, Zhang Wei also responded, "In the entire 'big infrastructure' main line field, the market divergence of small-cap concept stocks is increasing, while the market divergence of core weight stocks is not large, and the main funds seem to be still in a state of continuous acceptance.

In addition, we can look at the market trends of other main stocks in other sectors.

During these ten minutes.

The market is not indiscriminately selling off. Instead, it seems that the main funds in the market are deliberately suppressing emotions by taking profits, and then selling other non-mainline stocks in the emotional divergence, and further focusing on the core. "

"In other words, this is a false adjustment trend, right?" Zhao Zhiyuan said, "In fact, the market sentiment has not collapsed yet. We can still take a look at the situation and see how strong the funds are after the market stabilizes after the sell-off. Is that what you mean?"

Liang Jiucheng responded: "That's what I mean. I think we can make some adjustments."

"As for the short-term trend, all the big funds are concentrated on increasing their positions on the core theme of 'big infrastructure'. It's hard to achieve a sustained profit effect and a coherent trend. There is no reason to let the core theme of 'big infrastructure' develop a double-top pattern at this point." Zhang Wei continued, "If it really develops into a double-top pattern, giving people the expectation that there will be no substantial breakthrough, wouldn't that be a failure? In this case... why did we spend so much money to pull it up before?

Therefore, I conclude that this position here can never be the end point of this round of market trend of the core theme of "big infrastructure". It is very likely to be a point of emotional divergence, a short-term profit-taking, and a platform shock and consolidation position where chips are fully exchanged in the market.

Even if the follow-up funds are strong, there will be a brief intraday consolidation here.

It will continue to break upward.

Also, I don’t know if you have noticed that the investment direction of the entire market has clearly shifted from small and medium-cap concept stocks to large-cap weighted stocks and high-performance industry leading stocks.

Under this investment trend, the performance of large-cap stocks is obviously much more stable than that of small-cap stocks.

Moreover, the corresponding financial support capacity is much stronger.

The stock we are focusing on this time is Greenland Group. In the entire real estate sector, Greenland Group is the core leader of the sector.

Although the circulating volume of this check is not very large, it is the core leading stock in the sector.

It should also be an indispensable part of institutional layout.

And according to my observation, the current institutional holdings in the "Greenland Group" stock should be greater than the short-term hot money holdings.

In this case, this is the moment when hot money generally takes profits and stops profiting.

As long as we do not sell off shares on a large scale in a concentrated manner, the trend of this check will inevitably separate from other popular stocks in concept themes.

In addition, today's market volume performance, compared with the same period yesterday, has shown an amplified trend.

This shows that although the divergence between long and short positions in the off-market capital group is increasing, the trend of actively entering the market has not changed.

As long as there is volume, there must be room for market development.

As trading volume continues to expand, we should also take a look at our situation and not rush to sell at a loss when sentiment just diverges.

After all, it is easy to sell at this time.

Once the market sentiment turns to consensus again, it will be difficult to buy back the chips that were sold.”

"Okay." After listening to Zhang Wei's analysis of the current market trend, Zhao Zhiyuan's hesitation became firm again and he said, "Then let's try it out and see how the market trend changes in the future."

As he spoke, he turned his gaze to the two stock markets again.

As the market trading time went on, they communicated with each other.

The market's plunge caused by concentrated profit-taking has come to an end. Indexes and individual stocks have begun to rebound generally. In the rebound trend, the stocks related to the "big infrastructure" main line that the market investor group has focused on, especially the core heavyweight stocks, have rebounded faster and received more active buying than other stocks.