07.13 Recap: Stock Market Crash

Statement: The following is my personal thoughts, not investment advice [Tao Gu Ba]
Limit-up situation

Second board

Second board advancing to third board

Third board advancing to fourth board: none
Fourth board advancing to fifth board: none
Fifth board advancing to sixth board: none
Sixth board advancing to seventh board: none
Limit-up hit and sold off

Top 20 by drawdown

Ranking by price change

I. Market
（1）

Today is a bit too brutal.

Tomorrow overall should be better. Indices are expected to keep testing the bottom with some back-and-forth. In a selloff like a disaster, once the index stops falling, many oversold “old-timers” will rebound and hit limit-up—but this isn’t really related to short-term trading.

For the short term, focus on the profit-making effect of high-level人氣 (hot) stocks. If the relay capital makes money, then capital will become active. Right now sentiment is quite jittery—like the last time tech rebounded; on the second day, selling was the main theme. Either watch for a bounce after the “ice point” with position control to take the first move; or wait until conditions return to normal and there’s height before considering a relay.

Hengshang Energy Saving (恒尚节能), which is currently group-holding at the high end, can be used as a sentiment barometer. If it also slips after failing to hold, it will be hard to play. For domestic computing power—StarNet (星网锐捷) and Unisplendour (紫光股份)—watch the acceptance feedback during the day; if they are strong, you can also keep some low-position exposure to computing power. If they fall, then that’s it. Tech stocks are falling quite badly; volatility is too large. Watch whether they can gradually stop falling, and after this wave of selling is over, then see whether something new emerges.

For pharmaceuticals, check whether Lifa Pharmaceutical (立方制药) can continue to drive pharma stocks. Yesterday’s hype in commercial aerospace—many names with no premium still immediately sold to the daily floor, such as Shenjian Co., Ltd. (神剑股份) and Aerospace Development (航天发展). I really can’t make sense of it anymore. Keep position control and more patience—wait for the market to return to normal.

II. Operations

Huatian Technology (华天科技) took a loss and left at the afternoon cut. I couldn’t hold it.

Wishing you well

Like and get rich for life

Investment is a solitary practice. One has to hold up through prosperity, and also endure the loneliness