The investment era of rebirth

Chapter 106 Developing a Trader

Lin Antu looked at Su Yu, but he didn't expect him to be so decisive.

After being stunned for a moment, he held Su Yu's hand tightly and said with a smile, "Don't worry, Mr. Su. Since I am honest with each other, I naturally think that I can work together with you, Mr. Su, to bring better benefits to the company." develop."

"Okay!" Su Yu nodded with a smile, picked up a cup of tea on the table, and said, "Then I wish everyone can work together to create a new chapter in the future."

With that said, the three of them clinked a glass with each other and replaced the wine with tea, which was considered to be a celebration of Lin Antu's joining.

Afterwards, under Su Yu's leadership, the three of them talked about many topics. So far, he has learned more about Lin Antu and felt more at ease.

At 8 o'clock in the evening, after dinner, the three of them dispersed separately.

When Su Yu came home, he saw Li Meng holding the computer and trying to review the stock market. He couldn't help being a little surprised, and asked curiously, "What did you find, what insights do you have?"

"The market is going pretty weak."

Li Meng looked up at Su Yu, and replied: "Although it rebounded today, the ChiNext Index, Shenzhen Stock Exchange Index and Shanghai Stock Exchange Index have all ended their 4 consecutive negative days, and there is still a golden needle bottoming out, but In essence, the hot spots are very scattered, and no sector that can really gather popularity and funds has come out."

"And, under such a sluggish turnover between the two cities."

"Funds from the two cities are still showing an outflow."

"This phenomenon is most prominent on the main board. It seems that the main funds of the institutions are singing more while selling rapidly at the same time. They have different opinions and are very divided."

"However, your Shanghai Steel Federation is still strong."

Li Meng smiled, and continued: "In the case of you smashing the market, the fried board exploded like that, and in the end, you can still close the positive line of 3 points, which is only a little lower than the opening price. Its market funds, in the The flocking effect on this check is really astonishing."

"But, the trend of this check tomorrow should be very worrying."

"Oh?" Su Yu asked, "Why do you see that?"

"After the dragon and tiger list came out, everyone saw that you sold more than 6000 million chips, and their hearts were cold." Li Meng said, turning the computer screen to let Su Yu see the topics of the stock discussion area of ​​the Shanghai Steel Federation, and On the webpage she opened, there were various hot topics, and she chuckled, "Your seat influence is the same as the trend of the Shanghai Steel Federation, which is really surprising."

"It's not that my seat has great influence." Su Yu said, "It's the market's original emotional trend. That's it. I'm just a guide."

"Shanghai Steel Federation has come here, and the chasing and follow-up sentiment of funds has reached its limit."

"If you go further up, there is no way to continue."

"Also, even if I don't smash the market today, according to the turnover rate of this stock, its short-term market will end here."

"For the market, there has never been a saying that one person, or a main force of funds, can support the situation alone and reverse the market trend."

"us……"

"Regardless of whether large funds or small funds, they can only follow the trend and do emotional guidance."

"This is true regardless of whether the trend is a macroeconomic trend, a performance trend of stock price fundamentals, or an emotional follow-up trend in short-term speculation."

"It makes sense!" Li Meng nodded, agreeing with Su Yu's words.

"By the way, Su Yu..." Li Meng paused for a while, then continued, "What do you think of the market going forward? And...after the check from the Shanghai Steel Federation, which one do you plan to make? Target?"

"My opinion is similar to yours."

Su Yu said: "You are right, the market rebound is still too weak, and the choices and ideas of hot money and the main funds of market institutions are too fragmented."

"In this split situation..."

"Looking at the shape of the K-line, it looks like a bottom, but judging from the shape of its quantity and energy and the emotional and financial aspects reflected by the current market, it is still extremely difficult for the index to stabilize at this position."

"As for the Shanghai Steel Union, which check to make..."

Su Yu thought for a while, and continued: "I haven't figured it out yet, but I'm sure the main line of the future will still be on several major concept sectors where the GEM stocks gather."

"It's just that the current market has not shown a signal of bottoming out, and neither the capital nor the emotional side is ready to start the market."

"I can only wait in secret and observe slowly."

After finishing speaking, Su Yu said that he had finished the financial management operation on behalf of the client and had returned the account to the client, and at the same time he talked about Lin Antu.

"It's good that it's over!"

Li Meng nodded and said: "Seeing that you have more than 6000 million funds in the dragon and tiger list, I am nervous for you, for fear that people from the Securities Regulatory Bureau and the police will knock on the door."

"Uh..." Su Yu chuckled lightly, "No, it's not that serious if the people don't lift the case and the officials don't investigate."

"not to mention……"

Su Yu paused, and said: "The current regulatory attitude is originally loose. Otherwise, if we crack down on hot money speculation in the market at this time, I am afraid that the Shanghai Stock Exchange Index will go below 2000 points, and by that time, the market sentiment will be even worse." Unfortunately, the political task of restarting the IPO and restoring the direct financing function of the stock market has become even more distant and difficult to achieve.”

"It's true that the IPO has been suspended for a long time." Li Meng said, "Do you think there is hope for a restart in the short term?"

Su Yu shook his head, and said: "The popularity of the market is gone, the profit-making effect is not gathered, there are no new investors entering the market, and the IPO restarts, there is no way to talk about it."

"After all, the current total turnover of the two markets is less than 500 billion yuan, and all public and private equity funds are half-dead."

"Even if the IPO is restarted, the issuance of new shares will inevitably break."

"In that case, if the function of direct financing cannot be achieved, it will naturally be meaningless."

"in this way……"

"If you want to restart the IPO, you must wait until the market is bullish, the trend reverses, the market has a continuous profit-making effect, and a large number of new investors continue to enter the market."

"Yes!" Li Meng nodded, his eyes suddenly lit up, "Since the IPO cannot be restarted in the short term, the only way for a company to go public in the A-share market is to reorganize and backdoor."

"Why, do you want to fry the shell?" Su Yu smiled.

Li Meng replied: "Under the circumstances that the IPO cannot be restarted, this should be regarded as a more sustainable main line of hype, right?"

"It counts." Su Yu nodded with a smile, "But you need the wind!"

"Wind?" Li Meng frowned slightly.

Su Yu responded, and continued to reply: "Yes, the line of reorganization, although the suspension of the IPO, has always been the subject of enduring hype in the market, but often every wave of hype requires reorganization and backdoor success. Cases to stimulate, usually after a stock reorganization is successful, the resumption of trading rises beyond market expectations, which is the best time to speculate.”

"But at the current time point, this wind has not arrived."

Su Yu thought for a while and continued: "Any market hype is not created out of thin air. The formation of the mainline market, in addition to the promotion of funds and the guidance of emotions, the most important thing is the stimulation of external 'outlets' , Only by standing on the cusp and relying on funds and emotions can we create a sustainable market and reap considerable profits from this sustainable market.”

"So, is this the underlying logic of short-term hype?" Li Meng suddenly asked.

Su Yu smiled and said: "It can also be said that without the support of the underlying logic, relying solely on financial promotion and emotional guidance is still a castle in the air, and it is difficult to have sustainability. Without a sustainable market, funds are easy to enter and difficult to exit. , it is difficult to obtain any excess profit.”

"Understood!" Li Meng nodded, "Thank you!"

Su Yu looked at her with a smile, and asked, "You...are studying this? Short-term logic!"

"Yes!" Li Meng nodded and said, "I was thinking, why do you hype from Tianyu Information to Huaqingbao, from Huaqingbao to Fenda Technology, and then from Fenda Technology to Shanghai Steel Union? If you can succeed, why are these tickets able to gather enough popularity and market funds to follow suit when you participated? But now that you have reminded me, I have initially understood that your short-term hype ability is indeed very human."

Su Yu laughed, and said in his heart: "Without the rearview mirror of rebirth and ten years of experience, it is impossible to accurately judge these and make a move at the most appropriate time."

However, he will definitely not say this.

"By the way, apart from feeling that the main funds in the market are constantly flowing out, and that institutional funds are relatively separated from what they say and do, have you noticed anything unusual?" Su Yu stared at Li Meng and reminded, "For example, these institutional funds are Why does this position continue to flow out, why do they sing long and sell short at the same time? Have you ever thought about the logic behind this?"

"In my opinion, any change in the market is not for no reason."

"Returning the market is not about looking at the rise and fall of the stock price, let alone focusing on the changes in sentiment in the market, but to explore the logic behind it from the subtle changes in the market, and think about what happened outside the market, so as to deduce the subsequent market. The market evolves."

"You think the bottom of the golden needle is not the bottom, so what is the reason for the continuous decline of the market, the continuous selling of the main funds of various departments, and the serious tightening of market funds?"

"Find out the logic behind this to deduce the next market!"

"Only in this way can we be prepared mentally and formulate a reliable investment strategy, so that we won't get confused when the market comes."

Compared with him, Li Meng at this time lacks a lot in terms of operating experience, way of thinking about the market, ability to reason logically, and ability to detect the market.

Therefore, in order to make the other party grow quickly, he doesn't mind speaking more transparently, and encourage the growth of the seedlings.

When Li Meng heard Su Yu's suggestion, she felt a buzz in her mind, and many problems that had troubled her suddenly became clear.

Seeing her pensive look, Su Yu...

Smiling, he didn't bother her anymore, went into the bedroom, changed his clothes, and went to take a shower.

Then, when he finished washing, he returned to the living room.

I saw that Li Meng was searching for some news about bank loans, and recorded various economic data in the first quarter, such as changes in money supply, social financing increment, PPI data, GDP growth data and the relationship between the central bank's monetary policy. We are looking for the reasons why the current market funds are tight, and even bank loans have been tightened and market financing has collapsed.

"How?" Su Yu asked.

Li Meng noticed his gaze, raised her head with a smile, and said excitedly, "No wonder you liquidated all your positions today. Not only is the stock market sad, but the entire financial system should be in crisis."

"Find the reason?" Su Yu continued to ask.

Li Meng nodded and said: "The interbank offered rate and overnight repurchase rate are rising more and more steeply. Judging from the situation, they should be on the verge of getting out of control. From the information channels of the entire network, there is no information about the recent Judging from the numerous information on bank loan approval, no matter whether it is a large or small enterprise or an individual, loan approval has been very difficult recently."

"And while bank loan approvals are tightening..."

"I also saw that some rural commercial banks and local regional banks openly raised the benchmark interest rate by 30% or 50% in order to absorb deposits."

"While tightening loans, while frantically absorbing savings."

"This fool can also know that the bank is short of money, and it seems that this situation has happened for a while, and there are signs of getting worse."

"Looking at the economic data in the first quarter."

"Whether it is the central bank or the bank, at the beginning of the year, there was a wave of big releases."

"However, judging from the GDP data and PPI data, this wave of releasing water did not stimulate the economy. Instead, it led to excess liquidity, extremely poor efficiency in the use of funds, and increased inflation."

"So, I guess the central bank is unmoved by the fact that there have been problems with market funds for so long."

"It must be a change in the direction of monetary macro policy."

"In other words, this is forcing banks to tighten off-balance-sheet assets, allowing them to resolve risks and crises on their own, curb liquidity, suppress inflation, and improve the efficiency of capital use."

"As banks shrink off-balance-sheet assets, they must reduce their holdings of securities assets or other investment assets."

"So, this has caused the stock market to plummet and institutional funds to continue to flow out, and this situation... It seems that before the central bank makes a new monetary decision, it will not change easily."

Su Yu gave Li Meng a thumbs up when he heard Li Meng's words, and said with a smile, "I have to say, you are quite good, and you have found the key point in such a short period of time."

"You still have good guidance!" Li Meng chuckled, "Under the surging undercurrent, the storm should be very close. Originally, I just guessed that today's golden needle in the market is not so stable. Looking at it now... this is the same as the golden needle. , I am afraid that many investors will be buried here!"

"Markets always start out of desperation."

Su Yu said: "Without this last drop, how could the market be reborn? Only the most stubborn institutional players have no choice but to cut their meat in this market crisis of money shortage and release the bottom chips, so that the market can usher in the 'light-packed battle' ', in order to truly rely on limited funds to restore market sentiment step by step and create a continuous profit-making effect, so as to achieve positive feedback from the market and reverse the bear market pattern."

"So, in my opinion, it's not a bad thing."

"En!" Li Meng responded, thought for a while, and continued to study the market.

And Su Yu said 'Go to bed early', then went into the bedroom alone, lay on the bed, checked the news and forums with his mobile phone for a while, and then fell asleep.

the next few days...

Except for occasionally inspecting the company's renovation progress, Su Yu interviewed several rounds of company management personnel at Qin Haowen's request. The rest of the time, he hid at home, guiding Li Meng to do short-term operations within the day, or deepening her training. The logical understanding of market changes has helped her grow rapidly.

Until Tuesday, June 6.

When there were only two days left in the half-month period he had agreed with Li Huiyuan, the owner of the 'Yichuang Planning' company, Li Huiyuan called him on his own initiative and invited him to have dinner together again.

At this time, Su Yu walked out of the house and came alone to the restaurant where the other party asked Shi Yuling to meet him last time.

(End of this chapter)