Rebirth of the Capital Legend

"Indeed, sustainability is closely related to volume. If volume can't keep up, then it's impossible to achieve a market that exceeds expectations." Old Wu took over and said, "The profit and loss ratio of the relay at the emotional high point is not very good. Even if the 'Huawen Online' check can continue to rise today, the new group of funds that take over today will find it difficult to obtain too high a premium profit tomorrow, not to mention 'Huawen Media', 'Ciwen Media', 'Quantong Education', 'LeTV' and other follow-up stocks."

"The check for 'Huawen Online' will probably not fail today." Xu Qiao said, "But it is indeed the same as what you said, Old Wu. It is indeed not appropriate to take over the check today. There is insufficient certainty, and there is no expected sufficient premium profit to support it."

Following the heated discussion among several core main speculators in the 'Magic City Super Short Gang' main speculator group.

At the same time, on all major stock investment exchange platforms on the entire network, as well as major internal investment exchange groups, countless investors are still actively optimistic about the intraday market conditions.

Soon, the market time came to 9:15.

When the clock hands passed 9:15, the stagnant stock markets of the two cities began to jump rapidly under the watchful eyes of the public.

As the market changes rapidly, the emotions of countless investors both inside and outside the market who are paying attention to the changes in the market are also constantly changing.

The initial buying and selling funds game after the call auction.

At 9:16, the rapidly changing market conditions in the two markets began to show a general trend of opening higher.

According to the two market conditions...

It can be seen that a large number of concept stocks in the Internet sector, which were the focus of a large number of investors before the market opened and performed quite well in the US stock market last night, as well as the core sector indexes of film and television media, Internet software, Internet applications, and electronic information in the main field of the entire "emerging industrial chain", and their related concept stocks, basically showed a generally large-scale high opening trend.

Among them, the stock 'Huawen Online', which has attracted much attention from the market, opened at the daily limit.

On the market, there were nearly 3 main buy limit orders, while in the initial stage, there were only more than 300 sell orders to be matched.

Except for the check of 'Chinese Online' which hit the daily limit.

Its related follow-up stocks, 'Quantong Education', opened at a 5.32% increase in the initial call auction; 'Huawen Media' opened at a 7.11% increase; 'Guangdong Media', 'Huace Film and Television', 'Ciwen Media', 'LeTV' and other popular stocks in the film and television media sector, were affected by the direct daily limit opening of 'Huawen Online' stock, and opened at more than 3% increase.

At the same time, these tickets are related to the fields of 'online education' and 'domestic software'.

Stocks such as 'Ren Zixing', '2345', 'Netspeed Technology', 'Tonghuashun', 'Jinzheng Shares', 'Yinzhijie', etc., also showed a trend of opening significantly higher.

In general, the entire main line of the "emerging industrial chain" showed a relatively eye-catching and substantial opening trend.

It's just that the entire 'emerging industrial chain' main line-related industry sectors, concept sectors, and related concept stocks all opened sharply higher.

The core weight of the market...

The main line of "big infrastructure", as well as the main weighted sectors of the main board such as liquor, white appliances, medicine, consumption, electricity, finance, and their related industry sector indexes, concept sector indexes, and corresponding concept stocks and industry leading stocks, obviously lacked active buying attention, and all showed a slightly higher opening, or a flat opening trend.

Among these main areas, the one that received the most attention was the check from 'Oriental Yuhong'.

Its performance in the initial call auction was also somewhat disappointing. The stock opened only slightly higher by 0.12%. Not to mention compared with a number of popular concept stocks on the main line of the 'emerging industrial chain', even this high opening margin did not outperform the performance of the 'construction decoration' industry sector index to which it belongs.

However, due to the relatively weak performance of 'Oriental Yuhong' which was lower than expected.

Previously, a number of "real estate industry chain" related concept stocks and hot stocks whose trends were highly correlated with this check also performed relatively weakly.

Even on yesterday's Dragon and Tiger List, the stock "Huaxin Cement" showed obvious abnormal performance.

Despite the net buying of major institutional funds yesterday, the market was unable to achieve a certain degree of high opening premium in the early stage of the call auction.

On the contrary, it continued to show a clear downward opening trend.

It also directly affected the low opening trend of a number of stocks in the real estate sector, including "Capital Group", "Financial Street", "Yu Development", "Sunshine City" and so on.

In the different collective bidding performances of the core lines related to the main board and the core lines related to the GEM and SME boards.

It is also reflected in the continued differentiation of market performance among large-cap and small-cap stocks.

Obviously, under the continued high emotions, countless investors inside and outside the market are still focusing their attention on the "small and medium-sized" and "micro-cap" stocks that have performed more strongly, and on the "emerging industrial chain" main line that has been stimulated by various favorable factors recently and is also in line with the external trends.

In this initial call auction opening pattern...

At 9:17, the market trends of large and small cap stocks, as well as the main line of weight and the main line of emerging industrial chains, began to continue to diverge.

At this time, the number of daily limit orders for "Huawen Online" increased to 4.5 lots.

At the same time, a number of follow-up stocks such as "Huawen Media", "Quantong Education", "LeTV" and so on, opened high and continued to rise under the follow-up of aggressive buying. Even the stock of "Huawen Media", which has a very similar name to "Huawen Online" and has the same hype logic and compensatory logic, was almost lifted to the upper limit by the follow-up buying in just one minute.

Of course, countless eyes inside and outside the market, as well as a large number of capital groups continue to focus on the main line of the 'emerging industrial chain' which has stronger performance on the market.

The industry sectors and concept sectors related to the "big infrastructure" main line have originally performed relatively weakly.

There are also main-line weight sectors of the main board such as liquor, white appliances, medicine, consumption, electricity, finance, and their related concept sectors.

As attention decreases, the trend will be even weaker.

Originally, stocks in these main areas had only opened slightly lower or flat, but they were losing blood rapidly and were showing an increasing trend of opening lower.

At 9:18, the core industry sectors of the three main lines of the "emerging industrial chain" of film and television media, Internet software, and Internet applications all ranked in the top three of the list of industry sectors in the two cities, and in the initial stage of the call auction, they showed a trend of leading the two markets.

At the same time, in terms of the performance of concept sectors... related concepts such as "online education", "domestic software", "Internet finance", and "network security" also showed the situation of leading the concept sectors of the two markets, and the corresponding hot concept stocks were snapped up by various aggressive takeover funds at the beginning of the call auction, and the stock price performance became stronger and stronger.

At 9:19, when the market differentiation between large and small caps was still obvious, a large number of false orders began to be withdrawn.

At this time, the daily limit order of the "Huawen Online" check was quickly reduced from more than 4 lots to less than 2 lots. At the same time, the order to be matched also began to decrease rapidly. In just over ten seconds, it dropped from more than 4000 lots to about 2000 lots.

In contrast, the stock of 'Oriental Yuhong' is on the trading board.

Although the number of orders to be matched is decreasing as some funds withdraw their orders, the number of active buy orders on the lower side continues to increase.

At the same time, in the initial stage of the call auction, the stock of "Huaxin Cement" performed extremely weakly.

At this moment, a new force suddenly emerged.

From a clearly low opening of 3.78% decline, it instantly soared to a 1.21% increase, and from a clearly low opening, it changed to a clearly high opening.

And due to the sudden and drastic changes in its stock price.

The number of orders to be matched and executed, as well as active buy orders, also increased significantly.

"Why do I feel that the initial call auction trend of 'Huawen Online' is somewhat below expectations!" Seeing that the number of daily limit orders for 'Huawen Online', the current core leading stock in the two markets, was sharply decreasing, Zhao Qiang, who was among the main speculators of the 'Yuhang Group', frowned slightly and couldn't help but ask a question, "Logically speaking, even if a large amount of funds have withdrawn orders at this point in time, the orders should not decrease so quickly as the emotions intensify. Fortunately, the number of active sell orders has not increased much, otherwise... it would be difficult for this check to open with a daily limit."

"The trend of hitting the daily limit as soon as it opened is not as good as expected?" Lao Qian in the group asked in surprise.

Zhao Qiang responded: "For ordinary stocks, this kind of opening trend is naturally a strong performance, but the current market popularity of the 'Huawen Online' check is quite high, and there are countless off-market funds vying to enter the market to take over, judging from the comments on the topic on the entire network.

In other words, before the market opened, everyone expected that the stock price of "Huawen Online" would reach the daily limit upon opening.

The current performance is just in line with everyone's general expectations. I don't think there is any trend that exceeds expectations.

On the contrary, on the Dragon and Tiger List yesterday, institutional main funds unexpectedly increased their long positions in the "Huaxin Cement" check.

At this moment, the trend of a few minutes ago was reversed and it turned red and rose directly, showing an obvious positive feedback. It was a bit surprising and the performance exceeded expectations.

I was thinking, based on the performance of these two checks in the initial call auction over the past few minutes.

Is it true that the check for 'Huaxin Cement' has better speculative attributes and a better profit and loss ratio?

Also thinking...

If the check of 'Huaxin Cement' can turn from weak to strong in the call auction stage, can it boost sentiment and continue to drive the check of 'Oriental Yuhong' to open up higher space and create a new annual high?

I feel that the line of 'emerging industrial chain' may be a trap today.

At least from 9:15 to now, the 'emerging industrial chain' line is not as strong as the pre-market sentiment shows! "

"Before 9:20, a large amount of funds in the market have placed buy and sell orders, and they can cancel the orders at any time." Lao Qian in the group took over and continued, "I think that the market performance in the past few minutes, no matter which main line it is, is not accurate. If you really want to see the strength and weakness of the main lines of the market call auction and the strength and weakness of a number of core hot stocks, you have to wait until after 9:20."

"The number of orders for the call auction for Huawen Online is indeed lower than expected." Sun Chengyu, who had been silent, could not help but say, "We can see this even without waiting until 9:20. However, the stock still maintains the trend of opening at the upper limit. We can continue to observe it.

After all, when a large number of on-site buying and selling funds withdrew their orders in large numbers before 9:20.

As subsequent sentiment evolves, there are still many variables in the call auction trend after 9:20.

However, the check for 'Huaxin Cement' mentioned by Zhao Qiang just now is indeed worth noting. If there is a trap in the main line of 'emerging industrial chain' today, then under the overall pattern of the main line rotation in the market, the funds in the market may flow back to the main line sectors with heavy weights such as real estate and construction. "

"Mr. Sun, do you mean... is there a chance that the 'big infrastructure' line will come out today? And the 'emerging industrial chain' line may form a losing sector within the day?" Old Qian was a little surprised after listening to Sun Chengyu's words, and said, "It shouldn't be, looking at the changes in the two markets in the first few minutes of the call auction, although there are not enough daily limit orders for 'Huawen Online', and some are slightly lower than expected, but the entire 'emerging industrial chain' main line field, other follow-up stocks, the trend is very good, and the sentiment gathered in this main line field is still continuing to rise, and the funds that take over the long position have no signs of decline. I feel that the 'emerging industrial chain' line is likely to continue yesterday's general rise today and continue to boost the market's bullish sentiment."

"With such strong consensus expectations, can the price continue to rise?" Zhao Qiang was skeptical and said, "Looking at the performance of the market in the past few minutes, there is not much money following the trend outside the market. This shows that the continued fermentation of market sentiment has not brought much growth."

"Let's wait and see the subsequent call auction trends before making a decision." Sun Chengyu thought for a moment and said, "Whether it is strong or weak, it will be obvious after a large amount of funds have completely withdrawn their orders."

As soon as he finished speaking...

The clock hands had already moved to 9:20.

The two markets have passed the initial call auction stage where orders can be withdrawn freely and officially entered the real call auction stage where orders cannot be withdrawn.

And when the market enters this stage.

The trends of the two markets and the performance of their corresponding stocks are already significantly different compared to 9:16.

In just one or two minutes, the industry sectors and concept sector indexes related to the main line of the "emerging industrial chain" that had led the market sharply rose suddenly fell back a lot.

Among them, the core leading stocks have attracted much attention from the market.

For the check of 'Huawen Online', after the time entered 9:20, the active orders that were placed and not withdrawn, the buy orders at the upper limit price, had dropped sharply to 1.72 lots. At the same time, the orders to be matched and executed, that is, the orders to sell at the upper limit price, increased rapidly from more than 2300 lots one minute ago to more than 4100 lots.

On the contrary, market attention is not that high.

The Huaxin Cement stock, which had a clear bidding fluctuation a minute or two ago, showed a stronger trend after a large number of false pending orders were withdrawn. Its high opening range rose to 2.15% in an instant. In the process of rising, the number of active buy orders also showed a rapid increase. (End of this chapter)