Rebirth of the Capital Legend

"It's really exaggerated." Old Qian heard He Zhong's sigh and responded, "I thought that a 20-lot order volume would be beyond expectations, but I didn't expect that 100 million buy orders would pile up on the daily limit to grab shares. The premium ability of the 'Fuxing Road' seat should be considered unique in the entire market, right?"

"That is definitely unique." Zheng Jinming said in the group, "The market appeal of Mr. Su from Huayi Capital is really exaggerated."

"However, the opening performance of Oriental Yuhong exceeded expectations, which should be good for the core theme of the market, the big infrastructure, and even the market trends of all the major themes in the market, right?" said Lao Qian. "The opening performance of Oriental Yuhong exceeded expectations, and many buying funds that could not buy this stock would definitely overflow to other stocks to continue buying. This also brought arbitrage opportunities to other similar stocks in the same sector and business, and also raised the hype sentiment of the core theme of the big infrastructure as a whole."

"That's true." He nodded in response, "During the entire call auction, especially after 9:20, many active fund groups in the market saw the check-sized daily limit order of Oriental Yuhong and started to rush to buy during the call auction. Stocks like Shenhuo Shares, Pingmei Energy, Tianshan Cement, Beijiang Communications Construction, Capital Group, Chongqing Development, Bayi Steel, Linggang Shares... these stocks with relatively high market recognition and the main concept of "big infrastructure" as well as leading performance stocks such as Gemdale Group, Poly Real Estate, Kewan Real Estate, Huaguo Construction, Huaxin Building Materials, Conch Cement... basically had a lot of active buying funds rushing in during the last two or three minutes of the call auction."

"It was in line with expectations that the price of Oriental Yuhong hit the daily limit at the opening today. Of course, such a large order was indeed beyond expectations." Zhang Xinlei also said at this time, "Since the opening of Oriental Yuhong exceeded expectations, and during the entire call auction process, we can also see that a large number of active short-term fund groups in the market are in a rush to buy stocks and have fully released panic selling for the "big infrastructure" line, as well as some stocks in the market that are seriously oversold and have fully released panic selling. They are in a long position, so we can increase our positions and go long at the opening. Today's market... at least judging from the situation and form of the opening of the two markets, it should not be bad."

"I think so too," said Lao Qian. "Anyway, after the violent shocks in the previous two trading days, the market should rise today. If we increase our positions and go long today, the risk should not be high."

He Zhong smiled and responded, "Use the long position. With the money-making effect of Oriental Yuhong and the unexpectedly high opening of the strong daily limit as the short-term market sentiment indicator, the short-term market sentiment will most likely have a very obvious reversal today and tomorrow, and the overall money-making effect should not be bad either."

"Alas, I originally wanted to buy some chips for the check from 'Oriental Yuhong'." Old Qian sighed and said, "I didn't expect... I really didn't get any chance at all."

"I think that the Oriental Yuhong check is not a good opportunity to buy, but a good opportunity." Zhang Xinlei said, "This shows that the overall sentiment feedback on the 'big infrastructure' line is beyond expectations. At the same time, the market is sufficiently supportive of the Fuxing Road seat and the practice of Mr. Su of Huayi Capital to go long on the core theme of 'big infrastructure' on a large scale. Only when the core leader of the market rebounds and plays a strong enough money-making effect and a trend beyond expectations, will there be more short-term certainty opportunities in the market and the risk of short-term speculation will be low enough."

"Old Zhang is right." Zheng Jinming nodded and agreed. "At present, the Oriental Yuhong check has indeed become the sentiment vane of the entire market rebound. As long as this vane does not fall and can continue to gather the money-making effect, the overall short-term ecology and overall money-making effect of the market will not be bad, and there will continue to be a group of long funds following the trend to continuously take over the market. So... this flag must not fall at present. If there is no big order to block the Oriental Yuhong check today, and there is no daily limit, I dare not intervene in this high opening trend."

"If there is no daily limit opening, then the market will most likely open high and continue to fall." Lao Qian said, "Fortunately, it did not go according to this expectation."

"Indeed, the benchmark has achieved a profit effect, and the subsequent follow-up stocks are relatively easy to trade." He Zhong also nodded in response, "For the 'big infrastructure' line, many stocks in the back row have 'Oriental Yuhong' as a check in front, so you should be able to increase your positions boldly during today's trading."

"It's really rare to see a daily limit without any major positive news." Zheng Jinming said, "After the violent fluctuations in the past two days, the market's expectations for a reversal are indeed becoming more and more consistent, and the expectations for long positions on the 'big infrastructure' line are also becoming more and more consistent."

"The only downside is that the market cap of Oriental Yuhong is a bit large," said Zhang Xinlei. "It has a market cap of nearly 200 billion yuan, and a large number of institutions hold this stock. Although it opened with a strong daily limit today, its sustainability is still a bit questionable. It seems a bit difficult to arbitrage using this stock as a benchmark for the market rebound."

"Let's take it one step at a time." He Zhong said, "The market value and circulating volume of 'Oriental Yuhong' are indeed a bit large under the current market liquidity, but unfortunately this stock was selected by the market and is also supported by the 'Fuxing Road' seat. At this stage, the market short-term speculation cannot avoid this stock."

"In fact, I think the expectations for the 'big infrastructure' line at the opening stage today are still a bit too consistent." Zhang Xinlei paused and continued, "Many stocks are basically opening higher. Although the overall bullish sentiment in the market has recovered a little, liquidity is still relatively scarce. In addition, the group of funds that bought the bottom yesterday have made a lot of profits. I am worried... After the market officially opens later, the selling pressure on this core line will still not be small. Moreover, if it opens too high, the funds in the market that are willing to take over will most likely hesitate."

"Lao Zhang, what you mean is... there is still no buying point for the 'big infrastructure' line at the beginning of today's trading, right?" Lao Qian asked with a smile.

Zhang Xinlei nodded and said, "Yes, the entire 'big infrastructure' main line has shown the best expected side at the opening. I think even if you want to increase your position in the 'big infrastructure' line today, you should wait a while and postpone the buying point, which may be better."

"I agree." Zheng Jinming said, "According to the historical market trends, when expectations are consistent, the market trend is often not very smooth. The 'big infrastructure' line was already the pioneer core sector of the rebound in the market yesterday, and it opened sharply higher today to lead the market.

A lot of funds were in the market yesterday to buy the bottom of this core theme.

It is hard to say how many people can resist selling when faced with a 7% to 10% profit the next day.

In other words, judging from the current opening pattern, the "big infrastructure" line opened too high, and there is a possibility that it will go down after opening."

"Well, it's reasonable to vent yesterday's profit-taking," He Zhong said. "But overall, judging from the market trend and sentiment, it's not appropriate to be bearish today. Even if the 'big infrastructure' line falls back at the beginning of the session, it will be well taken over. It should be a buying point, not a selling point."

"Besides the 'big infrastructure' line?" Lao Qian said, "are there any opportunities in other market main lines?"

"That's hard to say." Zhang Xinlei said, "Logically speaking, the group of funds that bought the bottom yesterday, after selling some of the chips of the 'big infrastructure' main line for profit, should do a high-low switching speculation, but the Internet software, electronic information, film and television media...these oversold main line sectors in the market, each rebound has a very poor sustainability, and many retail investors in the market are not strong enough to follow the trend of these sectors.

Can these oversold main sectors get out of the situation as funds switch between high and low during trading sessions?

I think the uncertainty is still huge.

To be safe, it is better to wait for the "big infrastructure" line, and wait until the buying and selling orders are fully changed at the beginning of the trading session, and then it will be safer to take over and intervene. "

"Film and television media, Internet software, electronic information... these main lines that have been completely abandoned by the main funds in the market definitely have no opportunities, and it is difficult to make a hot money-making effect." Lao Qian said, "I am talking about the main line of 'consumer electronics' that still has a certain market heat and is not expected to be as consistent as 'big infrastructure'. Is there an opportunity to occupy today's 'big infrastructure' main line and lead the market? After all, there are still many people paying attention to Apple's new product launch in September, and there are also strong expectations."

"I feel that the 'consumer electronics' sector still has opportunities," He Zhong said, "but I personally prefer to focus on the core line, so I don't want to pay attention to this branch sector for the time being."

"In short, no matter what..." Zheng Jinming, who has completely switched from shorting to longing, said, "The overall market sentiment has reversed, and the number of buying funds has increased. This is basically certain. The short-term market ecology has improved, and it is also clear that we can expect it. Even if we don't buy stocks in the "big infrastructure" line, the probability of losing money is not high if we don't hit the right hot spot."

As several people in the group discussed the opening patterns of the two markets, they also analyzed the subsequent trends.

Soon, the short 5-minute trading suspension passed.

Under the watchful eyes of the crowd, 9:30 arrived and the two markets ushered in another formal continuous bidding trading period.

When the clock hands just passed 9:30.

The core industry sectors of the "big infrastructure" that have attracted much attention from the market's investors, including real estate development, building decoration, building materials, nonferrous metals, steel, coal, etc., all showed a straight upward trend at the opening.

And there are many related stocks that are associated with the trends of these industry sector indices.

At the moment of opening, it was snapped up by various groups of active buying funds.

At 9:30:05, 'Oriental Yuhong' hit the daily limit with unlimited volume. Related building materials concept stocks, such as 'Tianshan Cement', 'Huaxin Building Materials', 'Gujia Home Furnishing', etc., saw a sharp increase in volume, with share prices rising by as much as 5%.

At 9:31, the real estate sector index's increase instantly broke through 2%. At the same time, many sectors including construction decoration, building materials, nonferrous metals, steel, and coal also rose rapidly. The sector index's increase broke through 1.5% one after another, leading the overall growth of all industry sectors in the two cities.

At 9:32, Gemdale Group rose by more than 5%. Poly Real Estate, Kewan Real Estate, China Merchants Shekou, Greenland Group and other leading stocks in the real estate sector all rose by more than 2% within 3 minutes of opening, and the net inflow of major funds in the sector instantly exceeded 3 million.

At 9:33, the Shanghai Composite Index, Shenzhen Composite Index and ChiNext Index also rose further rapidly.

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At 9:34, the Shenzhen Composite Index was the first to break through the 2% intraday gain mark.

At 9:35, the real estate sector index rose by 3%. In the entire market, industry sectors and concept sectors related to the real estate industry chain, as well as many related concept stocks and core industry leading stocks, continued to be snapped up by various capital groups. Both the increase in individual stock prices and the increase in sector indexes were rising steadily.

At 9:36, "Shouchuang Group" hit the daily limit.

At 9:37, the share price of 'Golden Land Group' rose by nearly 7%.

However, after an aggressive buying burst at the beginning of the session...

Starting from 9:38, the funds that had gathered in the main area of ​​"big infrastructure" and those that had taken profits from yesterday's bottom-fishing began to sell off in a concentrated manner, as well as those lurking in other market stocks.

The stocks in the "big infrastructure" main line that have been rising rapidly have begun to come under pressure, and the selling volume has gradually increased.

At 9:45, after continuous selling pressure, stocks related to the main line of "big infrastructure", including popular concept stocks such as "Shenhuo Co., Ltd.", "Pingmei Energy", "Tianshan Cement", "Beijiang Communications Construction", "Capital Group", "Yu Development", "Bayi Steel", and "Linggang Co., Ltd."

Compared with the initial few minutes of trading, the stock price has fallen a lot.

However, as the share prices of these stocks fell, profit-taking occurred on a large scale.

As the leader of the rebound in the core main line of "big infrastructure", the check of "Oriental Yuhong" is still stuck at the daily limit, and the number of orders has not decreased.

This provides room for active funds in the market and other institutional funds with insufficient positions.

Continue to boldly buy and increase positions with confidence.

Therefore, after 9:45, after a brief correction, the main line of "big infrastructure" began to gradually fluctuate upward with the help of emotions.

At the same time, some groups of funds that bottomed out yesterday made profits from the "big infrastructure" main line.

At this time, seeing that the market took on the selling and there was no obvious ebb in sentiment, investors did not leave the market directly. Instead, they began to 'switch high and low' and bought many high-quality stocks that were in an oversold state and had not risen much on the market, as well as small and medium-cap concept stocks that were obviously oversold.

With continuous buying support.

At 9:55, the related stocks of the "big infrastructure" main line, as well as the related industry sector indexes and concept sector indexes, began to return to intraday highs.

"It looks like... yesterday's bottom-fishing profit-taking should have been taken over, right?" Noting that the 'big infrastructure' line had risen sharply at the beginning of the session and then fell back, it began to fluctuate upward steadily, and many popular concept stocks began to rise straight again, setting new intraday highs. At this time, Zhao Zhiyuan, who had been watching the changes in the market trend, exhaled lightly and said, "It feels like we have reached the right buying point."