Rebirth of the Capital Legend

Just see the market at this time.

The growth rates of the three main lines of industry sectors and concept sectors, namely the infrastructure construction main line, the new energy industry chain main line, and the smart phone industry chain main line, which are the core concerns of everyone, have all fallen significantly compared with before 9:20, but they have still maintained a high opening trend.

Among them, in the main area of ​​large-scale infrastructure, the three core sectors of real estate, building decoration, and building materials all opened higher by about 1%, while other steel, nonferrous metals, and coal sectors opened higher by only about 0.5%; in the new energy industry chain, the sector indexes such as complete vehicles, auto parts, auto decoration, lithium batteries, and charging piles all opened higher by more than 1%, but were also below 1.5%.

As for the smartphone industry chain, the related electronic information, semiconductor, and 5G sector indices opened higher by between 0.3% and 0.7%, with a strength slightly lower than the main line of large infrastructure and the new energy industry chain.

As for other market main lines, they are generally in a slightly high opening trend or a flat opening trend.

Among them, in the call auction, the three core sectors of the emerging industrial chain, which performed relatively weakly, namely film and television media, Internet software, and Internet applications, generally showed a low opening trend.

In the main board's weighted areas, liquor and white appliances showed a slightly higher opening trend.

The main sectors such as medicine, retail consumption, finance, petrochemicals, and electricity showed a flat opening trend, or a slightly lower opening trend.

In addition to the performance of industry sectors and concept sectors related to the main line.

The performance of major market indices.

The Shanghai Composite Index maintained a flat opening, while the Shenzhen Composite Index and the ChiNext Index opened slightly higher.

As for the core leading stocks in the market...

In the main line of the new energy industry chain, Sugon shares still showed a trend of shrinking volume and daily limit up. Ganfeng Lithium and Tianqi Lithium opened 4.32% and 3.98% higher respectively, with little difference in the opening range. Tianci Materials and Duofuduo opened about 2.3% higher, and Power Source opened nearly 5% higher. Other core leading stocks with relatively large market capitalization, especially in the field of complete automobiles, such as Changan Automobile, BYD, Great Wall Motors and other stocks, generally opened about 1% higher.

In the main line of large infrastructure, Beijiang Communications Construction opened 7.11% higher and still maintained a strong state. Oriental Yuhong opened 2.78% higher, giving a certain premium space; Tianshan Cement opened about 3% higher and also performed strongly. Huaxin Cement opened low and had a large selling pressure from profit-taking. A number of stocks such as Shouchuang Group, Shenhuo Co., Ltd., Financial Street... basically followed the fluctuations of the corresponding sector index, and the increase was similar to that of the sector index.

As for the weighted stocks in this line, Anhui Conch Cement opened slightly higher by 0.78%, while China Construction, China Railway Construction, China Communications Construction... and other stocks opened higher by less than 0.5%.

In the smartphone industry chain, Changying Precision opened 4.79% higher, Goertek and O-Film Technology opened about 1.5% higher, and Lixun Precision opened 1.23% higher. Other corresponding concept stocks opened higher by a similar margin to the sector index.

In the emerging industrial chain, the corresponding leading stocks performed relatively poorly.

The stock of Huawen Online opened with no premium and only showed a slightly flat opening trend. Other follow-up stocks, Huace Film & TV opened slightly lower by 0.56%, while Huawen Media, Guangdong Media, and Baofeng Technology... these stocks opened significantly lower, with the opening range being within 2%. Among them, Baofeng Technology opened directly lower by 6.22%, burying all the long capital groups that took over this stock yesterday.

On the main line of the main board weight, the liquor and white goods sectors.

Qianzhou Moutai, Wuliangye, Luzhou Laojiao... these core liquor stocks basically showed a slightly higher opening trend, and the buying funds group took over relatively well.

In the white goods sector, the three giants, Gree Electric Appliances, Midea Electric Appliances, and Haier Electric Appliances, also generally showed a slightly higher opening trend.

In other related sectors such as finance, retail consumption, petrochemicals, electricity, etc., the corresponding core leading stocks, such as Wanhua Chemical, Yangtze Power, China National Petroleum, China Petrochemical, etc., also generally showed a trend of opening low or slightly high.

This is based on the opening situation of the major core sectors of the market, as well as the opening situation of the corresponding core leading stocks in the market.

The market's opening situation was slightly lower than the pre-market expectations of the majority of investors.

After all, the mood before the market opened was so hot.

The vast majority of investors in the market, including institutions, hot money, and retail investors, all expected that today's market would open significantly higher under the stimulation of yesterday's US market trend. However, the final opening results of the two markets were not like this.

Let’s compare the opening patterns of the two markets at 9:15.

The market situation at this moment can be said to have almost fallen back to an average range of one point.

During the entire call auction process, the phenomenon that the corresponding stocks in the market collectively went down naturally also shows that the group of long buying funds on and off the market is slightly insufficient, and it also shows that the selling pressure of profit-taking on the market is still very large.

Faced with the opening situation of the two markets that was significantly lower than expectations.

Many retail investors who were very enthusiastic before the market opened began to calm down.

Everyone began to understand and observe the market and became cautious.

"Damn! The index didn't even open higher. Is this what you said about expecting another big market rally today? It seems like based on this opening trend, there's a high probability that the market will adjust today."

After seeing the final opening situation of the two markets, many retail investors on major stock investment exchange platforms across the Internet began to complain.

"Yeah, that's really strange. The market opened positively at 9:15!"

"It is obvious that when the time reached 9:20, a large number of buying funds inside and outside the market withdrew their orders."

"It's not because of order cancellations, right? I've been looking at Huawen Online, Oriental Yuhong, Ganfeng Lithium, Tianqi Lithium... these core leading stocks. The trading volume during the entire call auction process is quite high. It seems that the long buying funds who have taken over haven't withdrawn their orders in large numbers. Instead, the selling volume in the market has increased significantly after 9:20. It's the large amount of profit-taking that has accumulated in the market over the past two trading days that has limited the market's continued sharp rise."

"That's not entirely true, is it? Regarding Beijiang Communications Construction and Changying Precision, I can clearly say that at 9:20 a.m., a large number of buy orders chasing the daily limit were withdrawn. I remember that before 9:20 a.m., both stocks had large orders directly blocking the daily limit, but after 9:20 a.m., they were immediately opened. The increased trading volume also rapidly expanded after the opening of the daily limit for these two stocks."

"There wasn't any expectation of Beijiang Communications Construction and Changying Precision hitting the daily limit today, right? I think the opening price of these two stocks is in line with the expectations of the vast majority of investors who follow them. Stocks like these require large turnover and a large exchange of internal chips to move further. If they continue to hit the daily limit with shrinking volume, subsequent follow-up will become a problem."

"These two stocks opened in line with expectations, but there are obvious problems with the openings of Huawen Online and Huace Film & TV. Huawen Online, which had such a good daily limit yesterday, doesn't have any premium room today. This is outrageous. The same goes for Huace Film & TV. There is no premium room at all. What do the investors who decisively took advantage of the daily limit yesterday think? Judging from the opening trend of these two stocks, it is obvious that the short-term speculation sentiment and short-term ecology of the entire market are gradually deteriorating. I feel that in this situation, with the core leading stocks hitting the daily limit yesterday and no premium being able to be achieved, we should all be more or less cautious. I think today's market trend may be a correction."

"That's not the case. The main line of the emerging industrial chain, which includes the three major sectors of film and television media, internet software, and internet applications, is the relatively weak core line in the current market. Given the inherent weakness of the main line, I think it's understandable that the core leaders of this line haven't seen a premium. And whether they are strong or not... still needs to be compared with the main line sectors. Comparing the trends of these lines, such as large infrastructure, new energy industry chain, and smartphone industry chain, and their corresponding core leading stocks, the opening situation of Huawen Online and Huace Film and Television is definitely very weak. However, if compared with the same sector's Huawen Media, Guangdong Media, Baofeng Technology, Quantong Education... this group of stocks, then I think the opening situation of Huawen Online and Huace Film and Television is still relatively strong."

"Can we still understand it this way? Isn't strength or weakness simply a comparison with other leading stocks in the market?"

"Why can't I understand it this way? Just asking, based on the current market opening situation, are Huawen Online and Huace Film & TV still the leaders of the entire film and television media sector?"

"So they should still be the leaders, right? After all, when compared horizontally, these two stocks are indeed the strongest in the entire sector."

"Isn't that the end of it? I feel that based on the opening situation of Huawen Online, this stock's trend is probably not over yet."

"That's right, the end of the dragon head shouldn't be like this."

"So, after this stock experiences significant volatility, there will likely be more funds coming in. A gap down at the open should be a good buying opportunity." "But the certainty isn't high. In terms of certainty, wouldn't it be safer to invest in Ganfeng Lithium or Tianqi Lithium right now?"

"Well, the safety of these two stocks is indeed acceptable."

"It's mainly because of the guarantee of Mr. Su's holdings. Even if the market falls, it won't fall that much. Moreover, today is the first divergence between these two core leading stocks after the good news. I think there is still a certain buying point at this stage of first divergence. There is a high probability that these two stocks will reach new highs in the future."

"In fact, in today's call auction performance of these two stocks, although there was a lot of profit-taking selling pressure, there was actually quite a lot of active buying."

"I guess there's a high probability that these two stocks will experience a large turnover today, right?"

"Big turnover is good. The volume will be more intense and the turnover rate will be higher, so the exchange of chips will be more complete."

"Yes, for this kind of stock to really break out, it needs a huge amount of volume at the bottom."

"Yes, there will be a huge amount of volume at the bottom, and then the volume will shrink. Only after the chips are re-locked can a real trend emerge. Now... the two stocks should still be at the bottom."

"It's already hit the daily limit for two consecutive days. Can this still be the bottom?"

"If the stock is expected to increase several times in the future, then what else could it be but the bottom?"

"That makes sense. I will definitely buy Ganfeng Lithium and Tianqi Lithium today. It's just that I don't have a lot of positions, so I can't take on much."

“When opportunities come, we must take them boldly.”

"Haha, I think so too. These two stocks will definitely rise in the future, there is no doubt about that."

"With President Su holding a large position, I'm not worried at all. Just like Oriental Yuhong stock, even though it's currently trading at a high level, the trend hasn't accelerated yet."

"Well, I think the upward trend of Oriental Yuhong's stock hasn't accelerated yet."

"Does this mean that I can still buy Oriental Yuhong stock?"

"I wouldn't recommend that. Relatively speaking, it would definitely be safer to buy Ganfeng Lithium and Tianqi Lithium, right?"

"Indeed, but the other stocks that Mr. Su holds heavily in are actually pretty good too."

"What do you think of Changying Precision's stock?"

"It seems to be in line with expectations, but the smartphone industry chain, judging by its current market strength, should be weaker than the main lines of major infrastructure and the new energy industry chain, right?"

"Although it is weaker than the main line of large infrastructure and the main line of the new energy industry chain, it is still a strong main line sector in the market. I feel that Changying Precision's stock can still continue to carry on today."

“I also think I can continue to take it on.”

"Compared with the leading stocks in the main lines of the emerging industrial chain, in the smartphone industry chain, not only has the leading Changying Precision stock seen a certain premium today, but yesterday's follow-up stocks Goertek and O-Film Technology have also seen a certain degree of premium. Even Lixun Precision has some room for premium. Generally speaking... as long as there is a certain premium space, it means that capital is still very active. We can continue to be bullish and even take on some chips and follow the trend."

"Yes, it's important to go with the flow!"

"This emerging industry chain seems to be completely ruined, right?"

"We can't say it's completely ruined. At least we should wait until the market feedback from the major infrastructure and new energy industry chains is complete, and the corresponding expectations have died down. Only then will the market make a high-low switch and form a corresponding synergy in the position of the emerging industry chain. Right now... this synergy still has some problems."

"Yes, I think so too..."

"So, let's start with stocks in the new energy industry chain today?"

"That's for sure. I also think that today's first divergence in the new energy industry chain will definitely siphon off buying capital from other main market sectors. This means that other main market sectors may not perform well today because buying will likely be insufficient. Moreover, right now, the market is relatively profitable. Under the selling pressure of these profit-taking investors, buying will be siphoned off, and the market will naturally find it difficult to hold up."

"Based on this logic, today's overall market trend should be worse than yesterday."

"In fact, in the past two trading days, the major market indices, as well as the major industry sectors and concept sectors in the market, have rebounded a lot. It's actually good to take a break."

"Yeah, I think so too. Taking a break isn't necessarily a bad thing."

"I can accept sideways trading, but if it plummets, that would be bad."

"A sharp drop is unlikely. At most, it will fluctuate sideways. After all, at this point, there is only concentrated selling pressure from profit-taking. There is no other selling force that can completely suppress the market."

"Yes, the current market has actually formed a certain positive feedback loop. Under this positive feedback loop, the market will not suddenly rise or fall sharply. It is obvious that under the strong support of the three core themes of large-scale infrastructure construction, the new energy industry chain, and the smartphone industry chain, the current market ecology is obviously different from before."

"Well, I think so too."

"Even if there is an adjustment here, it will only go sideways, and there is no possibility of a big drop."

"Since it's just a sideways adjustment at best, what's there to be afraid of? Just buy boldly."

"Haha, that's right. As long as the index doesn't fall sharply and the loss-making effect in the market doesn't spread, then there will definitely be a local profit-making effect. As long as there is a local profit-making effect, the market can be traded."

"First, look at the performance of Ganfeng Lithium and Tianqi Lithium at the opening. Also, look at the market feedback of Oriental Yuhong, Beijiang Communications Construction, Changying Precision, Lixun Precision, Huawen Online, and Huace Film & TV... If the loss effect doesn't spread and there's strong follow-up, then we can be a little more aggressive and continue to buy at high levels."

"There's a high probability that there won't be any loss-making effect, right? After all, the current position is actually not very high."

"There's a high probability that the smartphone industry chain will continue to be hyped, right? After all, the Apple new product launch is getting closer and closer."

With the heated discussions among countless retail investor groups on major stock investment exchange platforms across the Internet.

Market trading time goes by quickly.

Amidst the intense anticipation of the crowd, the brief trading halt from 9:25 to 9:30 AM quickly passed, and trading officially resumed in both Shanghai and Shenzhen stock exchanges. (End of Chapter)