Rebirth of the Capital Legend

"It actually opened slightly higher. I thought it would open much lower." Noticing the opening situation of the two markets, He Zhong, one of the main speculators of the 'Gusu system', said with a smile, "From this point of view, the market sentiment is not bad. It's hard to say whether the 'big infrastructure' line will be sustainable. I think we can continue to guide it and give it a try."

"Yes, I agree." Lao Qian responded immediately, "Since the market feedback is okay, we can give it another try. After all, in the current market, only the sentiment of 'big infrastructure' is slightly better, which can make other active retail investors in the market willing to follow suit."

"Although the overall market sentiment is good, the 'big infrastructure' line has not seen any volume in the entire call auction." Zhang Xinlei looked at the two popular stocks on the 'big infrastructure' line, 'Golden Land Group', which opened slightly higher at 1.32%, and 'Oriental Yuhong', which opened higher at 1.12%. His expectations and views on the market trend at this time were far less optimistic than those of the two. He said, "This shows that there are still some problems with the active buying. We can continue to guide the market sentiment after the opening, but if the subsequent active buying cannot be taken over, I think... we should stop while we are ahead."

After yesterday's guided market pull, his current positions have already made a profit of several points.

In view that the current market has not shown a strong breakthrough trend and there is no sign of an increase in market volume, he believes that it is safer to sell it when there is profit and quit while the going is good.

"If the stock price doesn't go up after the guidance and the selling pressure is too heavy, then of course we have to leave the market." He Zhong responded, "I just think that under the current sentiment feedback, it should be okay to focus on the height of one or two stocks."

"We can use a small position to guide the market at the opening, and then do T after it goes up. It's not a loss for us." Zheng Jinming also said at this time, "Anyway, we have the first move. If the trend after the guidance is not as expected, we can sell it decisively. If the active buying in the market can take over the continuous selling after the guidance, we can try to push the price up a little bit and raise the profit effect of the 'big infrastructure' line a little bit higher."

"As long as institutional funds don't crash, I feel that Gemdale Group and Oriental Yuhong still have a chance to hit the high limit for two consecutive days." Lao Qian said, "However, in the absence of a complete breakthrough in the market, it is definitely not suitable to intervene with a large position in these two stocks at their current position. It depends on the market's combined strength."

Following the conversation among several people in the main speculator group of the "Gusu system"...

Soon, the market trading time came to 9:30, and the two markets ushered in the formal continuous bidding trading time.

Just as the two stock markets began to fluctuate violently, the main line of "big infrastructure" related sectors that have attracted much attention from the majority of investors in the market, such as real estate development, building decoration, building materials, nonferrous metals, steel, coal and other sectors, as well as their related concept stocks, all received a lot of buying orders in an instant.

Among them, the two stocks that performed well yesterday and have become the leaders of this round of rebound in the entire "big infrastructure" main line are "Gemdale Group" and "Oriental Yuhong".

Almost in an instant, the stock price rose sharply.

At 9:31, the real estate development sector index instantly jumped from a 0.39% increase at the opening to a 1.12% increase, and many stocks within the sector also rose simultaneously. Among them, the share price of "Gemdale Group" rose sharply to 3.75%, and the intraday trading volume expanded.

At 9:32, the share price of "Oriental Yuhong" rose to 4.29%, and the two major sector indexes of building decoration and building materials also rose by more than 1%. The main capital groups in the market are still speculating around the core theme of "big infrastructure", while at the same time, sectors such as medicine, insurance, finance, liquor, white goods, consumption, film and television media, Internet software, electronic information, etc. are rarely paid attention by big funds.

At 9:33, driven by continued buying, the share price of 'Gemdale Group' jumped to 5%. At the same time, the share price of 'Oriental Yuhong' had risen by 6%. The extremely strong and explosive upward trend of the two stocks continued to stimulate the bullish sentiment of the 'big infrastructure' main line.

At 9:34, the real estate development sector index expanded its growth to 1.5%, and the Shanghai Composite Index also rose by 0.78%, showing a relatively good feedback. However, a general rise in the market did not take shape. While the Shanghai Composite Index gradually rose, the ChiNext Index was still gradually declining. Correspondingly, in the main sectors such as film and television media, Internet software, electronic information, and new energy industry chains, large funds still showed a net outflow trend, and many related concept stocks also showed a continuous downward trend.

At 9:35, Gemdale Group encountered heavy selling resistance when its share price rose by nearly 5.5%.

At 9:36, the ChiNext Index fell by 0.89%. In addition, a number of popular stocks in the main sectors with a high correlation with the ChiNext Index, such as film and television media, Internet software, electronic information, new energy industry chain, etc., were still experiencing selling and large capital outflows.

At 9:37, the growth gap between the ChiNext Index and the Shanghai Composite Index reached 2% again.

At 9:38, "Golden Land Group" experienced a situation of explosive volume and stagflation when its share price was rising by 6%.

At 9:39, after reaching a 7% increase, the share price of 'Oriental Yuhong' also showed a phenomenon of stagflation and lack of upward momentum. Moreover, in the entire 'big infrastructure' main line field, a number of leading weight stocks such as 'Poly Real Estate', 'Kewan Real Estate', 'China Merchants Shekou', 'Conch Cement', 'Huaguo Construction', 'Huaxin Cement', 'Shenhua Coal', 'Yunnan-Guizhou Copper', etc., also showed a certain degree of stagflation in terms of volume in their market trends.

At 9:40, after ten minutes of intense trading at the beginning of the session, the rate of increase of the Shanghai Composite Index also slowed down significantly.

At 9:41, the share prices of 'Golden Land Group' and 'Oriental Yuhong', two rebound pioneer stocks in the 'big infrastructure' main line, began to fall from the intraday highs. Moreover, as the share prices of these two popular core stocks fell, the net inflow of large funds in the entire real estate development sector, building decoration, building materials, nonferrous metals, steel, and coal sectors also became much slower, and it seemed that the intervention of active buying funds was becoming hesitant.

At 9:42, the ChiNext Index, which had been falling continuously, began to slow down and gradually rebounded. At the same time, sector indexes such as film and television media, new energy industry chain, Internet software, electronic information, etc., and their related concept stocks, after a sharp drop in the first ten minutes of the morning session, also began to show the phenomenon of funds buying at the bottom, and the share prices of related stocks began to rebound from the bottom of the session.

At 9:43, the growth gap between the ChiNext Index and the Shanghai Composite Index began to narrow.

At 9:44, in the main area of ​​'big infrastructure', the main capital flows within all industry sectors began to reverse. More and more on-site funds began to sell off a number of stocks in the main area of ​​'big infrastructure' at high levels. The selling pressure on popular stocks in related concepts became increasingly heavy.

At 9:45, Oriental Yuhong's share price fell back to around 5%, while Gemdale Group's share price rose to around 4%.

At 9:46, the Shanghai Composite Index's gains fell back to less than 0.5%.

At 9:47, affected by the rising and falling trend of various industry sectors related to the main line of "big infrastructure", the investment sentiment of the entire market began to decline.

At 9:48, the Shanghai Composite Index fell back below the opening point.

At 9:49, in the main field of "big infrastructure", the gains of most related concept stocks fell back below the opening position. Among them, the gain of "Golden Land Group" was only 3.49% at this time, and the share price increase of "Oriental Yuhong" also fell back to around 4%.

At 9:50, after a brief pullback, the ChiNext Index began to fall and continued to plummet.

At 9:51, the liquor, pharmaceutical and financial sectors, which were relatively weak at the opening, began to rise. The three core leading stocks of Qianzhou Moutai, Minshang Bank and Hengrui Medicine all turned positive and rose, and the increase was higher than the performance of the Shanghai Composite Index. It seems that a lot of free funds in the market, after realizing that market sentiment has weakened, have begun to concentrate on the defensive main-line sectors that are heavily supported by institutions.

At 9:52, the daily increase of the real estate development sector index fell back to within 0.5%. Even within the sector, small-cap concept stocks such as "Capital Group" that had been hyped by hot money in the early stage had turned around rapidly at this time, and the stock price had already fallen into deep water, showing obvious negative feedback.

"Alas, the market volume cannot be released, and the 'big infrastructure' line still cannot form an effective breakthrough." Noting that the entire market fell into a weak and volatile differentiation trend after a brief rebound, He Zhong, who was among the main speculators of the 'Gusu system', had originally wanted to continue to guide the trends of the two popular stocks 'Golden Land Group' and 'Oriental Yuhong' to further stimulate the hype of the 'big infrastructure' main line, could not help but sighed and gave up this plan, saying, "It's too weak. There is no unified force to attack at all."

"Let's quit while we're ahead." Zhang Xinlei, who had no hope for a market breakthrough, responded, "There is a overnight premium, and a few points of profit will be enough. At present, the overall chips in the entire 'big infrastructure' main line are still too messy. There is not enough time and space for adjustment. It is indeed difficult to form a unified upward force. As long as the funds are slightly pulled up, selling orders will emerge in an endless stream."

"Indeed." Old Qian nodded and said, "The lock-in plate is still too heavy."

"The heavy amount of locked-in shares is one reason," said Zheng Jinming. "The inability to increase the volume, insufficient off-market funds entering the market, and insufficient market confidence are the fundamental reasons why the stock price cannot rise. Just like what Lao Zhang said, stop when you are ahead. Under this weak and volatile situation, there is no way to change the situation."

"I originally thought that even if the final result of the two checks, 'Golden Land Group' and 'Oriental Yuhong', could at least touch the upper limit, "He Zhong said, "I didn't expect that, let alone touching the upper limit, they couldn't even maintain a 7% increase. The opening sentiment was good and the trend was in line with expectations. I didn't expect that after the opening... it would be so weak. It seems that the 'big infrastructure' line is still too large and difficult to pull up!"

"There's nothing we can do about it. The market volume is restricting the market." Zheng Jinming said, "In a bear market, we have to follow the trading rules of a bear market. I'm going to withdraw first."

Having said that, Zheng Jinming quickly placed a sell order on the 'Golden Land Group' market, selling off the chips he had bought at a low price yesterday.

And with Zheng Jinming's selling.

Other people in the main speculative capital group of the 'Suzhou Group' naturally did not know how to behave, and began to sell off the chips they had intervened yesterday in the market which had already weakened.

Accompanied by the rapid selling of a number of major hot money from the "Suzhou Group".

The selling pressure faced by the two popular stocks "Golden Land Group" and "Oriental Yuhong" is naturally greater, and the decline in stock prices is becoming larger and larger.

At 10:05, the share price of 'Gemdale Group' fell back to around 2.5%, while the share price of 'Oriental Yuhong' also fell back to 3.57%.

At 10:06, the Shanghai Composite Index fell back to 0.3%.

At 10:07, the index growth of a number of industry sectors in the core area of ​​"big infrastructure", including real estate development, building decoration, building materials, nonferrous metals, steel, and coal, has fallen behind that of defensive sectors such as liquor, white goods, medicine, and consumption. This shows that the investment preference of funds in the market has shifted to a defensive nature.

At 10:08, the Shanghai Composite Index fell further back to flat territory.

At 10:09, the capital flows of the two stocks "Gemdale Group" and "Oriental Yuhong" have changed from the previous net inflow to a net outflow.

At 10:10, the share price of "Golden Land Group" fell back to less than 1%, showing signs of a sharp drop into deep water.

At 10:11, the flow of large funds in the entire real estate development sector also turned into a net outflow trend. More and more on-site funds began to converge on the consumer, medical, financial, liquor, and white appliance sectors, and the defensive investment tendency became increasingly prominent.

At 10:12, the decline of the ChiNext Index widened again to 1%. After a brief rebound at the beginning of the session, the share prices of concept stocks related to low-level sectors such as film and television media, Internet software, and electronic information once again hit new intraday lows, and the internal main capital group continued to show a net outflow trend.

At 10:13, the share price of 'Gemdale Group' turned from rising to falling, and the market investment sentiment also changed completely.

"Fuck, this trend... I'm speechless." Seeing that the share price of 'Golden Land Group' turned green, and the share price of 'Oriental Yuhong' was also unable to support itself, and was then suppressed underwater by continuous selling, Zhao Zhiyuan, one of the main speculators of the 'Qilu Gang', was reluctantly selling off his shares of 'Oriental Yuhong', while he couldn't help but complain, "Not to mention a breakthrough, this rebound is too weak, there is no profit margin at all!"

"You still want profit margins?" Liang Jiucheng responded immediately after hearing what Zhao Zhiyuan said, "Hurry up and sell. Market sentiment has weakened across the board. It's good enough to get out safely without losing money. This rebound trend is really far below expectations. It seems that the 'big infrastructure' line will have to adjust downward in the future and test the previous low. The entire market... must also retrace further to confirm support."