Rebirth of the Capital Legend

"What Brother Sun said is indeed logically sound," Lao Qian said. "However, judging by the current market feedback, it seems that there is no movement yet. There is definitely an expectation gap in the coal sector, but it's just a matter of verifying the logic and forming consistent expectations among various market funds. It will probably take quite a while. Relatively speaking... focusing on the core market hot spots and taking on the core popular stocks is definitely the most cost-effective at this time."

Sun Chengyu nodded and said, "That's natural. The outbreak of many major market trends requires the right time, place, and people. Obviously, the right time, place, and people for the coal sector I just mentioned haven't arrived yet. The most core and hot spot in the market right now, as well as the sector with the most capital accumulation and the strongest follow-up ability, is still the major infrastructure sector."

"I agree." Zhao Qiang said, "For now, it's safer to follow the trend of large-scale infrastructure construction."

Following the analysis of the current market by several core speculators within the Yuhang Group, as well as the subsequent market trends of a number of popular main lines...

The market trading time at this time has already entered after 2 pm.

After the market entered 2 o'clock in the afternoon, the differentiation trend of the two markets has become increasingly obvious, and among the popular main lines of the entire market, the strength and weakness of many industry sectors and concept sectors have become increasingly obvious.

"I'm so freaking convinced. The film and television media sector is such a hopeless mess. It finally rebounded in the early afternoon trading, but now it's all gone right back down again."

Noticing the increasingly divergent market trends of the two markets, among the countless retail investors gathered on the online stock investment exchange platform, there were some retail investors who speculated and followed the trend of taking over several popular concept stocks in the film and television media sector in the early afternoon trading session and could not help but complain.

"They say that a dead leader is worse than a dog. It seems they are right. Huawen Online's stock is really hopeless. It has fallen so much and has not stopped falling. It seems that the core leading stock in the early stage has been clearly abandoned by the capital group in the market. No matter how much it falls back, it is not suitable for bottom fishing!"

"That's not quite right. It depends on the sector these core leading stocks are in. Take Oriental Yuhong, for example. Wasn't it considered a core leading stock in the market before? So far... any pullback in its price is basically a good buying opportunity."

"That's incomparable. Oriental Yuhong's stock is not only backed by the core theme of large-scale infrastructure, but also has the support of President Su's 'Fuxing Road' seat. With these two core logical conditions, plus its valuation is not high, it is still within a reasonable valuation range. Once the correction releases the period of profit-taking selling pressure, it will naturally continue to rise. However, the popular stocks in the major sectors of film and television media, internet software, and internet applications are completely different. The core leading stocks in these major sectors, first, lack the support of fundamental logical reversal, and second, lack the support of President Su's 'Fuxing Road' seat premium. After the period of hype, especially after the expectations are fulfilled, it is naturally difficult for them to recover in a short period of time and guide funds to continue to speculate upwards."

"Yes, so the correct approach is to avoid such a weak main line."

"I know that the film and television media, internet software, and internet applications sectors have no future, but I just wanted to speculate briefly and make a short-term profit. I didn't expect... they wouldn't even give me this opportunity."

"You're after the price difference, but they're after your principal!"

"That's true. The major infrastructure sector is still stable. The leading stocks in the corresponding industries are basically continuing to hit new highs, and the profit effect of the market is continuing."

"It turns out that the more you dare not chase, the more crazy the price will rise."

"Isn't it? I noticed Beijiang Communications Construction's stock when it was listed on the second board, but I never dared to buy it. I just watched it keep rising!"

"Same here, I watched this stock keep rising, but I didn't dare to buy it!"

“Who could have thought this stock would be so great?”

"Actually, when this stock took over the position of 'Huawen Online', many active short-term capital groups in the market had already focused on this stock and had high expectations for it. However, I was still hesitant and didn't dare to chase it."

“I did chase it, but unfortunately I didn’t dare to take a position.”

"I feel that the overall market trend is not bad now. For the core main line leaders of the market, we still need to have a certain degree of leading faith, right?"

"That's natural. Take Oriental Yuhong stock, for example. Without a firm belief in it, I don't think many people would be able to hold onto their shares from the bottom until now, right? And looking at Oriental Yuhong's stock trend, it hasn't reached its peak yet. It's still rising and could easily reach new highs."

"That's different. With President Su's Fuxing Road seat, there should still be many people holding onto Oriental Yuhong's stock. After all, as long as President Su doesn't sell Fuxing Road, I don't think there'll be much selling pressure no matter how high the stock goes."

"Yes, the market's core hot stocks still cannot be generalized in terms of their trends."

"For example, if you were to believe in the leading stock, the stock of 'Huawen Online' has lost over 20% in the last two or three trading days."

"Oh, it brings tears to my eyes just talking about it. Taking over the stock of Huawen Online is like hanging on the mountain top."

"Me too, but I decisively cut my position this morning. I've lost 15% in two days. I was doing well earlier this month, but all my profits were wiped out in just two days."

"To be honest, in the current market, stocks that have no fundamental support at all, whether they are large-cap stocks or small-cap stocks, should not be bought."

"That's right. I feel like the market's hype style is significantly different from before."

"In fact, there is a slight difference, it's completely different. Today's market speculation requires not only a good concept and a good story, but also good future performance expectations. Otherwise, it's difficult to form a unified force of speculative funds from all sides of the market. Previously, the concept and story of 'Huawen Online' stock were really good, and there was also favorable news support. However, there were some problems with future performance expectations and performance realization, which led to it not becoming a monster stock."

"The fact that Huawen Online's stock ultimately failed to perform well is mainly due to the film and television media sector, right?"

"Yes, the film and television media sector is really too weak."

"It's not just the film and television media sector that's weak; it's the entire emerging industry chain. The film and television media, internet software, internet applications, and related concept sectors are all weak. Currently, the active funds and major capital groups in the market are all running into the major infrastructure, new energy industry chain, and smartphone industry chain."

"Eh, that's not right. The new energy industry chain seems quite weak today, and the smartphone industry chain isn't very strong either. Only the major infrastructure sector is holding up. And the reason this sector is holding up isn't due to a spontaneous, unanimous buy by market participants, but rather due to the continued outperformance and surge of the real estate industry chain-related sectors and a number of domestic real estate stocks in the Hong Kong stock market. I think... today's overall market trend isn't good. It feels like the market correction isn't over yet."

"Although the new energy and smartphone industry chains haven't performed as well as the infrastructure sector, the overall market trend is still pretty good, right? Especially the lithium battery and Apple-related sectors, where many of the component stocks have hit their daily limit."

"Besides these two concept sectors, sectors like complete automobiles, auto parts, auto decoration, electronic information, semiconductor equipment, and instrumentation are all in a downtrend. How can this trend be called strong? Moreover, the current feedback from large funds in these sectors is that most of them are showing a net outflow. I feel that many of the profitable funds and potential funds that entered these sectors earlier in the market, as well as these two main lines, are continuously reducing their positions and taking profits. It's just that the funds in the lithium battery sector and the Apple concept sector are more enthusiastic about following the trend. However, this short-term follow-up sentiment will not last long when the trends of almost all sectors in the main line are showing a downward adjustment."

"I feel the same way. I always feel that the market is about to undergo a major adjustment."

"But on the market, the core leading concept stocks that have attracted a lot of attention do have a relatively large profit effect, right?"

"Such a strong profit effect has not brought about an upward market rebound. Does this mean something is wrong?"

"The core leading concept stocks all collapsed and adjusted during the overall market adjustment cycle. It is indeed not objective to use the performance of these leading concept stocks to illustrate the performance of the entire market."

"Although the market trend of major infrastructure projects seems to be okay, its initiative is actually not very strong."

"But the main funds are still showing a significant inflow. I think under such circumstances, even if there are divergences in the market trends, it should not be a big problem."

"Well, the infrastructure sector, especially real estate, building decoration, and building materials, is indeed one of the few sectors in the market that has seen a net inflow of major funds at the moment."

"Alas, it's because the big infrastructure project has siphoned off too much liquidity from other main market sectors, preventing other main market sectors from moving forward."

"That's not right, is it? Isn't it precisely the large-scale infrastructure that's holding the index back, that's why it's holding sideways right now? Isn't it because Beijiang Communications Construction has hit its five-day limit-up that's keeping short-term market sentiment from collapsing? Why is it that when the large-scale infrastructure is performing well, everyone thinks it's suppressing the market trend?"

"The major infrastructure investment sector has indeed siphoned off a lot of liquidity from other key market sectors, but I think the market's current performance is poor and it hasn't been able to effectively break through 3100 points. This isn't because the major infrastructure investment sector is siphoning off liquidity from other key market sectors, but rather because there's significant selling pressure from these other sectors, lacking further positive news and anticipated stimulus. Of course, there's also the declining market turnover. It seems like the speculative capital and a small amount of institutional capital that rushed in after last Friday's positive news are now retreating. Market volume is getting lower and lower, and there's no hope."

"Indeed, today's estimated trading volume is only 5000 billion."

"If the market closes lower today and there is no other positive news after the close, tomorrow's market turnover will most likely continue to decline."

"It feels like last Friday's big positive news was just a lonely stimulus."

"There's nothing we can do. The stock market's medium- to long-term profitability is still lacking. Short-term market speculation makes it difficult to attract large-scale outside investors to lock in positions."

"It's mainly offline real estate, which is so hot right now. The entire macro liquidity is converging on the real estate market."

"Indeed, I don't know how high the housing prices will go."

"Nowadays, many people would rather speculate in real estate than in stocks."

“Even dogs don’t trade stocks anymore.”

"Hey, if I wasn't stuck, I wouldn't even bother trading stocks. I watch the market every day, and it keeps falling. It's really frustrating. I feel like I could live many more years without trading stocks."

"Haha, trading stocks in a bear market is indeed torture."

"It would be fine if I bought good stocks, but it's really frustrating if I bought junk stocks. I've watched the Shanghai Composite Index rise from around 2800 points in recent months, while the stocks I'm stuck with have continued to fall, hitting new lows during this period. It's really frustrating. I don't know where the decline will end."

"Me too, I've only made money from the index recently, not real money."

"I originally invested heavily in promising stocks, going all-in on Oriental Yuhong in the first half of the month. Unfortunately, I didn't hold on to the previous wave of adjustments and sold Oriental Yuhong and bought LeTV, which was relatively low. Now Oriental Yuhong has risen by nearly 20% compared to when I sold it, but LeTV has fallen by almost 20% since I bought it. What a huge difference... the difference between the two is huge. I've lost all my previous profits."

"Well, that's how it is. A small profit, followed by a big loss. If this continues, there's no way to make a profit."

"I'm the same way. The more I lose, the more I switch stocks and adjust my portfolio. As a result, I always buy at the high point and sell at the bottom when the market is about to rebound. It really makes me angry."

“Once you’ve identified a stock, you must have confidence and not adjust your position casually.”

"Yes, I feel the root cause of our losses is frequent stock swaps and chasing hot spots. I'm going to control my hands now, try to trade as little as possible, and try to reduce frequent overtrading."

As countless retail investors gathered on the entire online platform continued to discuss...

The market's trading hours quickly advanced to after 2:30 p.m., entering the last half hour of trading time.

And the attention of countless investors across the entire network is focused on this.

After the market passed the trading time of 2:30, both the changes in the intraday trading volume and the fluctuations in stock prices became obviously more intense. In addition, the trends of many main-line popular concept stocks that were followed by a large number of retail investors and many hot money groups also became much more intense at this moment.