Investors from all parties actively participated in the subscription of Shenhua Coal Industry's new stock and were enthusiastic. Some people even borrowed money everywhere in order to win more lottery tickets and applied for the most money they could raise.

The core blue-chip stocks are leading the rise in the two markets and are becoming more and more popular.

And the chips of these blue-chip stocks have become increasingly scarce as countless funds gather and compete for them.

The market no longer continued to increase in volume, but instead began to shrink and rise in volume all the way north.

After breaking through the box, some technical players waited for a backlash, but did not happen, so they could only chase high prices and buy at the high level in a furious manner, chasing core blue-chip stocks frantically.

The two markets have entered a very wonderful market situation.

Under the leadership of core blue chips, the Shanghai Composite Index has been constantly high and the slope of the rise is getting bigger and bigger. However, the SME Index is still moving and completely in a sideways situation.

With the scarcity of core blue chips, many stocks on the SME Board have fallen into liquidity exhaustion.

Polarization is becoming more and more serious.

After the pricing and issuance, on July 30, when the market crossed 4,800 points on the previous trading day, Shenhua Coal Industry ushered in the day of official listing and trading.

In the morning, before the market opened, everyone was looking forward to it.

The person who won the lottery was already very excited, and the mind trading had risen to 80, 90, or even 100 yuan.

Those who have no winners stay in front of the computer, rub their hands, and wait to buy. After all, this kind of core value blue chip is scarce. According to the current market conditions, buying is equivalent to making a profit.

Ningzhou, Fengyuan Fund.

After being slapped in the face by the market and desperately recovering his position, Sun Yiming tasted the sweetness of blue chips and white horses' continuous surge. Today, he also freed up all the funds left in the fund, waiting for Shenhua Coal Industry to go public and trade, preparing to buy in big ways and embrace core assets with all his heart.

Chengyin Investment.

After Yin Lei asked the person beside her that she offended Manager Lou, whom she invited back, she also prepared tens of millions of funds to open the market and grab the funds.

Nanfeng Fund and Zhiping Fund.

The fund manager discussed with the boss and felt that he could participate, prepared the funds and waited for the opening.

Magic City, Zhejiang, Shenzhen Stock Exchange...

Many bigwigs are optimistic about Shenhua Coal Industry at this moment, holding funds, thinking about whether they can grab some slightly cheaper chips at the opening.

After experiencing the 530 massacre and subsequent polarization.

Like Minghua Road, Liyang Road, Dongsheng Road, Wenhui Road..., hot money bosses no longer stare at small-cap stocks, but instead start following what everyone calls "core assets".

"Boss, will we buy it?"

Xiao Wu browsed the major stock forums on the Internet and saw that everyone was discussing Shenhua Coal Industry. He knew that this stock had become a popular stock and there was definitely no shortage of funds for taking over. He couldn't help but ask in a deep voice.

Xu Xiang pondered for a while and said, "Look at the opening price first. If the price is too high and exceeds 75 yuan, then forget it. If it is below 75 yuan, you can try to buy a little."

"Even if the trading of this kind of super large-cap stock is not satisfactory on the first day, it will not usher in a continuous limit down like Huagong International."

"Besides, this is also the most so-called "core value" blue chip issued this year. It can be regarded as the face of the regulators. Those large institutions that allocate should not smash the market crazily on the first day and publicly hit the regulators in the face, otherwise... they will definitely not be able to escape the subsequent settlement."

"Okay..." Xiao Wu responded and quickly ordered Xu Xiang's plan.

Seeing that the opening was about ten minutes, Xiao Wu was silent for a while. Looking at the rich profit figures of the main account in recent times, he couldn't help but smile and said, "Boss, don't say that these big guys have risen slowly and rarely hit the daily limit, but the continuous increase has accumulated quite a lot."

In the past, they operated small-cap stocks and hyped up concepts.

Although it is very good to make money when it rises sharply, it is easy to lose a lot when it encounters a pullback. In the end, overall, the profit is not much.

And now...

They move their main positions to core blue chips, not only do they not have to worry about a sharp pullback that hits the limit at any time, but also continue to make profits, which is much richer than when they speculate on small-cap stocks.

"I didn't expect these big guys to rise so exaggeratedly," said Xu Xiang.

He changed his plan, and at that time he just wanted to keep up with the market, just hoped to outperform the market, avoid retracement, and waited for the wind to turn back to small-cap stocks.

Never thought that his inadvertent strategic turn would bring him the biggest profit this year.

Looking at the current market trend and the unrivaled trends of major core blue chips, he couldn't help but be tempted by the concept of "core value" and began to doubt whether his previous operating model was correct.

Recently, what he has heard the most is the word "core value".

It seems that as long as you embrace the ‘core value’, you don’t worry about the stock price falling, because according to many value investing factions, any decline in ‘core value’ stocks is an opportunity for future profit.

But...is this really the case?

Xu Xiang knew clearly that there is no stock market that only rises but not falls. Although the valuation of stocks with "core value" can be continuously balanced by future performance, the stock price is so high that it will still exist.

He actually realized the market bubble, but every time he tried to reduce his position, the market was falling and could always pull back.

Then it continued to hit a new high.

Over time, he became paralyzed and began to doubt himself.

The market trend is getting more and more difficult to understand. After several mistakes in reducing positions, now... he can only follow the trend, hold positions first, and wait for changes in the market style to continue.

"Boss, the market is already 4,800 points, and I feel that 5,000 points will definitely not be able to stop it. You said... where can the market eventually rise? Can it really rise to 10,000 points?"

Xu Xiang heard Xiao Wu's nonsense, came back to his senses and said softly: "What are you thinking about? 10,000 points? Really, if the market is upward, there is no need for funds? I really push the overall market value of A-shares to the size of US stocks. How much funds are needed to fill in? Have you ever thought about it?"

"I don't know where it will go, depending on the situation, but 10,000 points is absolutely impossible."

He felt that many retail investors in the market are becoming more and more whimsical. If they don’t understand the basic operating principles of the market, they dare to shout 10,000 points slogans with bold words.

While the two of them were talking, they arrived at 9:15.

In the eyes of everyone, the stock price of Shenhua Coal Industry jumped from 68 yuan, and instantly rose 8%, jumping to a price of 73.44 yuan.

Xiao Wu stared at the price changes of Shenhua Coal Industry.
Chapter completed!