Chapter 72: Yang Wraps Yin, Recovering Lost Ground
At twelve o'clock at noon, as soon as Ding Xu got out of class, Qi Fei called him and excitedly told him in detail about the morning situation.
"Is there any benefit to two barrels of oil rising so wildly?" Ding Xu asked with some surprise.
In Ding Xu's impression, Sinopec and PetroChina are relatively dead because of their large plates, falling fast and rising slowly, and it is rare to have such a strong appearance.
In particular, after PetroChina was listed on November 5, 2oo7, as the market fell sharply, from 48 yuan to less than 1o yuan, it made full efforts for the formation of this bear market.
What kind of stimulant did the two barrels of oil eat today?
"There are media reports that the fuel tax reform, which has been in the works for many years, may be introduced in the near future. Some analysts believe that the implementation of the fuel tax policy will accelerate the pace of domestic refined oil price reform, thereby greatly improving the profitability of the refining business of two barrels of oil. Qi Fei replied, "Today, the oil sector led the market, and Lurun shares, Heihua shares, Taishan Petroleum, Yueyang Xingchang, and Guangju Energy all rose very well." ā
"There are media reports, and some analysts believe...... It's the same old routine of the securities market, and they really can't come up with any new tricks. Ding Xu was silent for a while, and finally smiled helplessly, "These are not any news, they are purely news that the main force pushes out on the Internet media in response to the situation in order to pull up the market index, which belongs to fried leftovers." Brother Qi, I think from a short-term point of view, the market should still rise this afternoon, but in the medium and long term, it may have to be adjusted for a while. ā
"How?" Qi Fei was taken aback.
"In the short term, today is different from the past. In the past, index stocks were often used to pull up or down the index at the end of the day, but at the beginning of this morning, it pulled Sinopec wildly, and after 11 o'clock, it directly pulled Sinopec up and down, and PetroChina also rose by more than 6%. ā
Ding Xu explained, "This phenomenon shows that the main capital has fully recognized the bottom of 1664 points, so at this point is not afraid at all, and dares to use large-cap stocks such as two barrels of oil to take the initiative, which shows that the main force has the confidence and determination to grasp the control of the disk." This is the table of the bull market! ā
"Then why do you say that you may need to adjust in the medium and long term?" Qi Fei was a little confused.
"As you said, today's domestic demand sectors such as engineering construction, cement and steel, and building materials have begun to collectively ebb and flow, and the withdrawal of funds is very resolute. This is very normal, after their continuous surge, the stock price has fully reflected the positive, and even greatly overdrawn the expectations, which is overhyped, including our Tongli cement, and the second bureau of China Railway that I sold yesterday. ā
Ding Xu explained in detail, "Although there are 4 trillion good, the cake looks big, but this year's investment is only hundreds of billions, which listed companies can carve up this cake is also unknown, many companies have poor performance and qualifications, and may not be able to share much." The speculation of these domestic demand sectors is very clear about this, so the concept is almost hyped, and it is quickly withdrawn. ā
"We discussed these two days ago, and it was one of the reasons why we decided to sell Tongli Cement." Qi Fei frowned and said, "But is this necessarily related to the adjustment of the market?" ā
"Absolutely. Because these domestic demand sectors are the core and leader of the recent market, once they fall, there is no new market hotspot to relay, and there is a lack of money-making effect, the market is very dangerous. In this way, the main force has no choice but to make an index by pulling up two barrels of oil, and the purpose of making an index should be to create a false prosperity, and the purpose is likely to cover the retreat of those funds that speculate on domestic demand, after all, yesterday's plunge was too sudden, and many funds did not have time to retreat. Ding Xu replied.
"This ......" Qi Fei gasped, because the excitement of the morning market rally suddenly subsided and began to calm down.
The more he thought about it, the more he felt that what Ding Xu said made sense, although there were some conspiracy theories, this kind of inference should still be reliable.
"So what are you going to do next? Sell the Baotou Steel rare earth you bought yesterday? Qi Fei asked.
"Not in a hurry to sell, Baotou Iron and Steel Rare Earth closed at only 7.29 yuan in the morning, an increase of only one point, which is not as good as the increase in the market. Considering that he fell yesterday, I think it will at least go up in the afternoon. Now compared with the lowest price of 5.66 yuan, the increase is only about 30%, which is basically the same as the increase in the market. Ding Xu replied, "As for Tongli cement, we can't hesitate, if the sell order hanging at 7.68 yuan can't be completed before 2:50, then it must be cleared within ten minutes of the end of the market!" ā
"Okay." Qi Fei nodded, then hung up the phone.
Once he discussed the future operation strategy with Ding Xu, Qi Fei's heart became determined.
In the past, when Qi Fei was in trouble, he worked as a cleaner and couldn't often look at the stock market, and Ding Xu was the only person he could discuss about stocks. This made Qi Fei develop a habit, whenever he had any doubts about the market, he would immediately think of discussing with Ding Xu. This habit has been ingrained, and even if he regains his identity as a securities analyst, he will still think of Ding Xu first.
In addition, there is another reason that is also important: although Ding Xu is just a college student who has just traded stocks, his learning methods and analytical methods are very effective, and his understanding of the market and individual stocks is very unique.
Although Qi Fei is a professional, he is not as good as Ding Xu, a non-professional, in the judgment of some issues.
Sometimes Qi Fei was also very confused and even distressed by this, but when he saw the old book "Memoirs of a Stock Trader", he accidentally saw a passage, so he was relieved and thought that he had found the root of the problem.
This passage goes like this: "In my opinion, those time-sharing fans have gone into the wrong way, just like over-specialization often leads to the tip of the bull's horns, and lack of flexibility will pay a heavy price." ā
Qi Fei believes that this is where the disadvantages of professionals lie, because they are too specialized, so they are often overconfident in some technical indicators, and they have drilled into the tip of the bull's horns.
This was the view of Andard in early trading, which was quickly proven wrong by the market.
This is the case with most analysts, who usually discuss the same view in the morning analysis meeting, and then the market often proves it wrong, and it is very wrong.
Perhaps among the pitfalls of the main forces, the most gullible ones are the analysts who rely too much on technical indicators.
At this moment, He Dehua was sulking alone in the office because of a misjudgment in the morning, and he refused to even eat lunch.
He Dehua himself also took some funds to speculate in stocks, but yesterday when he saw the market plummeting, he turned bearish and quickly cleared his position.
Moreover, in their industry, an important means to win over customers is to rely on professional construction for customers. Although he is now the vice president and no longer directly proposes to customers, the analysts under him still have to listen to his advice.
Moreover, there are several big customers with large funds, who have always been the trump card in He Beihua's hands, and they have always maintained close contact. He built a few big customers this morning to wait and see, but now the market has begun to rise sharply, and those big customers have a feeling of stepping into the void, and they all text or call to complain, which makes He Dehua very embarrassed.
Fortunately, He Dehua also left a hand, that is, he gave Jian yƬ with reference to Manager Chen's statement, and did not say it to death, which mentioned that today is an opportunity to pay attention to the big fall, and it is not ruled out that the market will rebound with retaliation. It's a good thing that this is the case, otherwise it would be really shameless......
"Damn Qi Fei, he pushed me against the wall in the morning, and now it's embarrassing me again. However, the main force uses two barrels of oil to force the index, and the market funds may not necessarily buy it, so it is likely that it will dive into the green in the afternoon! He Dehua gritted his teeth and cursed, "It's best to open at one o'clock, start a big dive, and plunge again!" ā
Short-stampers are always looking forward to diving and falling sharply to give themselves the opportunity to re-enter the market, but the market is always not transferred by the will of the short-seekers, but will increase the dumping of these short-seekers and force them to cover at a high price.
Driven by the atmosphere of two barrels of oil rising sharply or even straight up and down, the stock market in the afternoon was in full bloom, and funds continued to pour in. Heavyweight stocks began to rise, the two major sectors of automobiles and agriculture began to rise collectively, the oil and coal sectors were also collectively active, and finally the 3G sector began to be speculated, indicating that the concept stocks began to be unwilling to be lonely.
There is a dramatic scene in the market - the funds that were sold in liquidation yesterday are impulsively covering positions today, hurriedly backhanding longs.
As a result, the broad market index rises faster and faster, and the stock index returns to the central axis of the ascending channel. Many of the stocks that fell yesterday began to rebound strongly, and the number of stocks with a daily limit rose from 50 to 100 and 200...... The numbers are still increasing.
At the close of 3 o'clock in the afternoon, the Shanghai Composite Index finally soared 115 points to close at 2o17 points, an increase of 6.o5%, successfully swallowing yesterday's big yin rod, forming a magical reversal of yang and yin!
The stocks that fell sharply yesterday have basically recovered their losses today, and there has been a hot situation of hundreds of individual stocks collectively rising to the limit.
It can be said that the A-share market experienced a sharp decline yesterday, and today's Changyang is like a beautiful rainbow after the rain, which makes the market feel the strong shock of the peaks and loops and the willows and flowers again.
This is the great charm of the stock market - here, you never know what will happen in the next moment!;
Tips: The new domain name "biquge.info" has been launched by Biquge, and the original domain name is about to be discontinued. Please tell each other, thank you!