Rebirth of the Capital Legend

"Alas, what a hopeless case! Last night, the external market hit a record high and went through a surge that was unrecognizable to everyone. I didn't expect that it would have no impact on the A-share market at all. It really is a thing that only follows the decline and cannot follow the rise. My pre-market expectations were so high in vain."

Faced with the overall opening performance of the two markets that was clearly below expectations, a large number of retail investors gathered on major stock investment exchange platforms across the Internet expected a sharp drop and could not help but complain.

"This is an old tradition. I had guessed it long ago and knew I shouldn't have too high expectations, and it turned out to be true."

"From the market trends of the two cities' call auctions, except for the trend of the 'big infrastructure' line which met everyone's expectations before the market opened, the other main lines were completely below expectations. The Shanghai Composite Index did not even open 0.5% higher, which is outrageous!"

"The 'big infrastructure' line can only be said to be in line with expectations, and does not show strong initiative."

"Despite this, with other main lines of the market generally falling short of expectations, the 'big infrastructure' line is actually doing well."

"What do you think of this check from Huaxin Cement?"

"As the key point of the main line of 'big infrastructure' and the main landing point of the current market's bullish sentiment, the opening of the daily limit is in line with expectations, but the number of closed orders is a bit bad. I feel that after the opening, this check will have to withstand a round of shocks before the strength and weakness can be truly determined. If this check can be quickly closed by large orders after the opening, and there is no more intraday explosion, then both this check and the entire 'big infrastructure' main line today can continue to be looked at with a high eye. If the trend of this check after the official opening is the same as that of 'Chinese Online' yesterday, then I think no matter the subsequent trend of this check or the subsequent trend of the 'big infrastructure' line, there is no need to pay too much attention."

“I don’t think it’s likely that ‘Huaxin Cement’ will follow the same trend as ‘Huawen Online’ yesterday.”

"It's totally impossible. The two are completely different in terms of emotions and height space. They can't be compared like this at all."

"The trend of Huaxin Cement will depend on whether Tianshan Cement, Beijiang Communications Construction, Capital Group, Financial Street and other core follower stocks can hold up after the opening. If these follower stocks can hold up after the opening and maintain strong fluctuations, let alone break through the upper limit, as long as they can maintain the current opening increase and not fall back quickly, then Huaxin Cement will most likely quickly and completely close the upper limit and continue to lead the market trend of the 'big infrastructure' line."

"'Tianshan Cement', 'Beijiang Communications Construction', 'Capital Group', 'Financial Street'... these stocks have performed well in the call auction stage, but they opened a little too high. I feel that today's intraday trend expectations have been overdrawn. In fact, with such a sharp opening, it is not easy for subsequent funds to enter the market. Moreover, these stocks are not core leading stocks, and the market attention is relatively low. Now that they have opened so high, it is obvious that the main funds that were ambushed in advance can be guided to do so."

"Is this still a high opening? If the mood was good before, these checks would have probably opened at the daily limit."

“It’s unlikely that the stock will open at the daily limit following the trend, right?”

"They complement each other. The trend of Huaxin Cement will definitely affect the trend of Beijing Capital Group, Tianshan Cement, Beijiang Communications Construction and other trend-following stocks. At the same time, as long as these trend-following stocks do not fall behind and can maintain the expected strong shock trend, or can continue to rise rapidly and expand space, it will definitely be good for Huaxin Cement."

"I don't think it's a big problem. In today's call auction, the most powerful trend is the 'big infrastructure' line."

"What's so scary about the 'big infrastructure' line? Previously, most of the short-term active funds in the market were attracted by the 'emerging industrial chain' line, and the 'big infrastructure' line did not collapse, but remained stable in a high-level fluctuation situation. Now, a large number of short-term active funds in the market have concentrated on the 'big infrastructure' main line to recover, so it is even less likely to collapse. I think what we should worry about is the 'emerging industrial chain' line, right? If the 'emerging industrial chain' line had not dragged down today, resulting in a low overall bullish sentiment in the market, I feel that the major market indexes, as well as a number of popular stocks and popular main lines, would not have opened at this position."

“Indeed, the ‘emerging industrial chain’ line is clearly lagging behind today.”

"The 'emerging industrial chain' line opened sharply lower today. This should be expected, right? I think it is in line with everyone's expectations."

"Although everyone knows that the 'emerging industrial chain' will most likely open significantly lower today after the sharp sell-off at the end of yesterday's trading, the magnitude of the lower opening is still a little too large. Several major sectors, such as 'film and television media', 'Internet software', and 'Internet applications', are in a state of collapse across the board, especially 'Chinese Media' and 'Guangdong Media', which opened at the limit down, which is really hurtful to the sentiment."

"There is no way. Yesterday, the 'emerging industrial chain' line trapped too many active short-term capital groups."

"Compared with the two stocks of 'Huawen Online' and 'Yue Media', the performance of 'Huawen Online' is not much better. I feel that this stock will most likely hit the lower limit in seconds after the official opening."

"I'm thinking, if the 'Huawen Online' stock price is completely capped at the lower limit after the official opening, will it have a significant impact on the overall bullish sentiment of the market? After all, this stock is the core leading stock that many funds have hyped up in the past, and it is the main landing point of the market's bullish sentiment. Now this stock price has collapsed, and it continues to hit the lower limit after yesterday's sharp decline. This is a very bad impact, which will definitely dampen the market's enthusiasm for long positions, as well as everyone's expectations for the high space of the main core leading stocks, right?"

"It will definitely have an impact, but everyone has their expectations, so there is no need to worry too much. I think if the two markets, especially the core leading stocks in the main field of 'big infrastructure', are greatly affected when 'Huawen Online' hits the limit down, and show a clear downward trend, it will be a good buying point for increasing positions today. At least... 'Huaxin Cement' shouldn't have too much difficulty reaching the second board height today, right?"

"Well, I also think that if the 'big infrastructure' line and the related core leading stocks have a correction during the trading session, it will be a good time to increase your holdings."

"Not necessarily? I think the opening of the 'big infrastructure' line has overdrawn expectations, especially 'Oriental Yuhong', the absolute core leader of the 'big infrastructure' main line in the early stage, whose call auction trend is obviously lower than expected, which gives me a bad psychological expectation."

"Well, the call auction trend of Oriental Yuhong is indeed lower than expected. However, the trend of this stock at the end of yesterday's trading was not active enough. It rose rapidly only after a number of stocks such as Huaxin Cement, Capital Group, Northern Frontier Communications Construction, and Tianshan Cement hit their daily limit. In the end, it did not hit the daily limit. So... it is understandable that the call auction trend today is not strong enough."

"The main reason is that the trend of these checks can easily affect the overall sentiment of the entire 'big infrastructure' theme."

"Yes, as long as 'Fuxing Road' is still on this stock, the market attention to this check will not be low. Everyone still has expectations for this check, so this check can be a little bit higher, but it must not deviate from the trend of the entire 'big infrastructure' and adjust downward."

"A downward adjustment is unlikely, right? Previously, with so many profit-taking orders on Oriental Yuhong, the stock price was not able to drop. Now it is even less likely to do so."

"I feel that the Oriental Yuhong stock will most likely continue to fluctuate sideways."

"In fact, the essence of the Oriental Yuhong check is that it rose too fast before. From the underlying logic analysis, it feels that this check still has expectations."

"There is an expectation that other stocks are more cost-effective at the moment."

"Haha, that's true. Compared with the check from Oriental Yuhong, the check from Huaxin Cement is definitely more cost-effective. Moreover, in the entire main line of "big infrastructure", the "cement" sector is indeed the strongest, and the most funds are concentrated in the long position."

"The call auction trend of the 'white wine' sector today is actually quite good."

"It's OK, but the 'white wine' line is not a hot spot in the market right now, right? Moreover, this line has always been the core area of the main institutions, and it doesn't seem to be suitable for short-term capital speculation. I think if you want to embrace flexibility, you don't need to look at this line."

"I agree. There is absolutely no need to pay attention to the liquor sector."

"What about the two major branches of the 'emerging industrial chain', the 'smartphone industry chain' and the 'new energy industry chain'? It seems that the trends of these two branches have begun to separate from the 'film and television media', 'Internet software', 'Internet applications', 'electronic information' and other branch sectors. I am wondering... if the intraday trend of the 'big infrastructure' line is obviously lower than expected, will the capital groups in the market continue to speculate around these two branches under the idea of 'high-low switching'? After all, among the current major core main lines, the positions of these two branches are still very low, and there has never been a sustained rebound speculation trend before."

"Well, I have to say, these two lines should have a certain chance."

"The price is indeed low enough, but I feel that expectations are insufficient. There is no good news. We can't just speculate with funds, right?"

"Isn't it just speculation? Are there any new expectations and new logic for the stocks in the film and television media, Internet software, and Internet applications sectors? Aren't they still hyped up by funds?"

"Isn't the high-level policy document 'vigorously developing online education' a good thing? Isn't the grand theme goal of cultural revival a good thing? And this year's box office should be about to bottom out and rebound, aren't these expected? What's more... if we compare who is at a lower position, to be honest, from the collapse of the last bull market to now, the 'film and television media', 'Internet software', and 'Internet applications' sectors are indeed the sectors that have fallen the most."

"The positive factors you mentioned have been there before, so they are nothing new."

"If that's the case, there's nothing new or positive about the 'big infrastructure' line. Why is the market trend so strong?"

"That's still a little different, right? The 'big infrastructure' line follows the housing prices. Has the current housing price increase in major cities stopped? It feels like it hasn't stopped at all, right?"

"That's true. The current housing price increase is really outrageous."

"I heard that the housing prices in Shanghai have generally reached 7 yuan per square meter. Oh my god... this is really a reckless increase!"

“The property market now feels a bit like the stock market’s initial 5000-point level, right?”

"That's not the case yet. The potential buying power in the property market is still very strong. People are basically scrambling to buy houses in various places. I feel that this trend will continue until at least next year."

"Housing prices will remain flat for a long time even if they peak, so there is no need to worry. However, generally speaking, stock prices peak ahead of fundamentals. For the 'big infrastructure' line, related core leading stocks, and a number of popular stocks, which have generally doubled, I think it is still difficult to say whether they have overdrawn fundamental expectations and how much room there is for further growth."

"As for this point, isn't it just a matter of looking at the trend of Hong Kong-listed Chinese real estate stocks?"

"Yes, this round of 'big infrastructure' main line market is actually driven by the Hong Kong stock market. The performance of a number of domestic real estate stocks in the Hong Kong stock market can indeed serve as a reference to a certain extent."

“Looking at the trend of ‘Chinese real estate stocks’ in the Hong Kong stock market, it feels like they are just beginning to gain momentum!”

"It has just started to gain momentum, so I said there is no need to worry about the 'big infrastructure' line. Just keep buying on dips."

"Well, then we will continue to firmly go long on 'big infrastructure'."

"However, I still think that the 'emerging industrial chain' line is worth paying more attention to. Compared with the surge in US stocks last night, the main driving force was the stocks of several major technology giants. Logically speaking, this should have some stimulus to a number of technology stocks in the A-share market."

"The tech giants in the U.S. stock market are the real tech giants. How many real hard-core tech stocks are there in the A-share market?"

"That's true. It depends on the choice of funds."

"In short, no matter what choice you make, with the market at this point, the risk of a big drop is still relatively small, right?"

"There is no need to worry too much about the overall market. As long as the index remains above 3000 points, there will definitely be a sustained local profit-making effect."

'Yeah, I think so too.'

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

The short 5-minute trading suspension was fleeting.

Soon, under the watchful eyes of the public, 9:30 arrived and the two markets began to enter the formal continuous bidding trading time.