The investment era of rebirth

Chapter 165 Shareholders reduce holdings, bidding collapses!
"I'll take it as a compliment!" Yang Hao smiled, "By the way, how is your sister... how is Yuling doing now? I went to the hospital the day before yesterday and found out that she has been discharged."

"Except for slowly recovering and recuperating, there is nothing else to do." Su Yu replied, "Why do you suddenly care about her?"

In Su Yu's impression...

The two met several times, but on the surface they were not very harmonious.

Yang Hao said: "After all, the root cause of this matter...in the final analysis, it still has something to do with me, and I feel a little sorry for implicating her."

"You don't have to worry about Yuling." Su Yu said, "I will take care of it."

"Okay!" Yang Hao nodded, paused for a while, and continued, "I will try the strategies you suggested, thank you for today."

After finishing speaking, the two discussed some other topics, and they didn't leave until after nine o'clock in the evening.

Then, Su Yu returned home...

He thought Li Meng had already fallen asleep, but he saw that Li Meng was still holding the laptop and researching the market.

"Our company is not a sweatshop, so we don't need to work so hard?" Su Yu smiled when he saw her concentrating, "I don't advocate the overtime culture."

Li Meng looked up at him, and said: "I'm bored, why not read the market information and organize my thoughts."

"Isn't a certain new drama released recently very good?" Su Yu asked.

"I don't think so." Li Meng replied, paused, and continued, "Fenda Technology has issued a major shareholder reduction announcement. It is estimated that tomorrow's trend is not very optimistic."

"Oh, how much is the reduction?" Su Yu asked.

"We plan to reduce our holdings by 200 million to 500 million shares." Li Meng replied, "With the current stock price of Fenda Technology, the amount exceeds 1 million."

Su Yu made a rough calculation and said, "It's less than 4% of the shares at most, so the impact is not big."

"The key is the impact on the confidence of holding shares on the market!" Li Meng said, "The major shareholders are reducing their holdings here, which means that they admit that the stock price is obviously overvalued at this stage."

"And, I guess ... it will also affect other high-priced stocks in the same category."

"As long as the expectation is still there, and the growth rate of performance is still going up, then there is no big problem." Su Yu continued, "I remember that after the launch of Apple's wearable devices, the sales data of major terminals and online shopping malls are quite large. It is hot, far exceeding the market's previous expectations, which proves that Fenta Technology's future performance expectations are still increasing, and there are many reasons for major shareholders to reduce their holdings, but it does not affect the changes in the company's fundamentals."

"I hope!" Li Meng nodded slightly, but there was still a trace of worry lingering between his brows.

"There is only one fundamental reason for the rise in stock prices, and that is expectations." Su Yu saw that there was still worry on her face, and continued, "The reduction of major shareholders is an aspect that affects expectations and confidence, but it is not a decisive factor. , as long as its fundamentals improve and the expectation of a further explosion in performance growth is still there, it is not a bad thing for major shareholders to reduce their holdings."

"It's even... a good thing."

"Good thing?" Li Meng was a little confused when he heard Su Yu's words.

"Yes!" Su Yu nodded, "Long-term expectations remain unchanged, and short-term emotional fluctuations are affected, so it is naturally a better point to increase positions."

"In the short term, there is a short-term logic for holding positions."

"Long-term, there is a long-term logic of holding positions."

"Fenta Technology is not the Shanghai Steel Federation. This check is currently crowded with institutions. The short-term emotional impact on it is very short-lived. Even if some panic chips that are not optimistic about the opening of the market tomorrow hit the limit, the follow-up will be supported by long-term logic. , will soon regain lost ground.”

"So, what's there to worry about?"

"In the long-term investment strategy, as long as the logic of the underlying expectations remains unchanged, you don't have to pay too much attention to any other fluctuations."

"When building a position, you have to look at the long and short, but when you hold a position, you have to look at the long and make the long, not afraid of fluctuations, be patient, and keep the prosperity."

"I know……"

"You also roughly understand what I said."

"It's just that I became a fund manager myself, and I personally traded hundreds of millions of funds. A retracement at every turn, that is, a retracement of millions, tens of millions, or even tens of millions of profits, makes your heart gradually become a little anxious. gone."

"Actually, it's not necessary, just keep a normal state of mind."

"Whether it's your own money or your client's money, treat it as a sum of money, and treat the transaction as a pure numbers game, and the psychological pressure will not be so great."

"Naturally, I don't care so much about the short-term fluctuations in the market, and I am controlled by emotions, ignoring the fundamental logic."

"Only when you feel that millions, tens of millions, and hundreds of millions are just a series of changing numbers, can you control money in transactions."

"In a word, just treat the fund account as a simulated market."

"En!" Li Meng nodded under Su Yu's persuasion, then sighed lightly, and said, "It seems... I still have a bad mentality."

Su Yu smiled and said: "You are already very strong, at least when trading alone, the strategy can be fully executed."

He has ten years of reborn trading experience and ten years of historical memory in the market outlook to support his transactions, and support him to be victorious in the market, and he can see through all fundamental problems at a glance.

Without these two advantages...

It is highly unlikely for him to achieve Li Meng's step with less than two years of market experience.

Because, in real actual trading, for inexperienced traders, it does not mean that you understand the truth and can overcome the greed and fear weaknesses of inner emotions and human nature in real-time market fluctuations, and execute trading strategies perfectly.

Of course, this is also the reason why he recruited Li Meng into the gang and was determined to train him.

After all, in the future history he knows, the facts have proved that Li Meng has determination and talent in trading, can become an excellent fund manager, and the amount of funds he can handle is also in line with the upper limit. his future expectations.

"But it turns out that many of the trading strategies and ideas I put forward at the time were wrong in hindsight." Li Meng felt a little comforted by Su Yu's compliment, "If you hadn't corrected it in time, I am afraid that the fund The current net worth of the company has to be discounted by more than [-]%."

Su Yu laughed and said: "Even if the current net value of the fund is discounted by 50%, it is still among the best performance. As far as the current domestic private equity rankings are concerned, there are thousands or tens of thousands of private equity funds still in operation, and the annual performance exceeds 50% , there are less than [-] companies, so...don’t belittle yourself.”

"Maybe...you are too strong!" Li Meng paused and said, "Su Yu, I have never seen you make a mistake in judgment. How did you do it?"

Facing this question, Su Yu gave a dry cough and said, "Maybe I'm lucky!"

"It can be luck in the short term, but definitely not in the long term." Li Meng said, "Maybe... this is the so-called talent. I feel that you are born to trade in the market."

She thought about the experience of working with Su Yu during this period of time.

From the time the fund was established and officially entered closed operation, every trading order Su Yu gave and every investment strategy he said were extremely accurate, amazing, and sincerely admired.

Of course, the more shocking...

But if we separate out the part of the funds operated by Su Yu himself and look at it separately, we can find that after more than a month of operation by Su Yu, the initial funds in the account of 8000 million have reached the current scale of 2 million, an increase of 1.5 times , far exceeding the net value growth rate of the fund as a whole.

"I'm not as good as you say."

Su Yu smiled and said, "Okay, go to bed early, and think about tomorrow's matter tomorrow."

After speaking, he washed up and left.

And when he finished washing and returned to the living room, Li Meng had already entered his room, but the light in the other room was still on.

Su Yu knows...

After seeing that through my own efforts, my life can be changed, and my life can be obviously changed.

Li Meng is eager to use all his efforts and strength to make some achievements as soon as possible, so as to change the current situation of himself and his family.

In a sense... Li Meng and him are the same kind of people.

Su Yu smiled to himself, didn't say anything, went into the room alone, turned on the phone and read the messages on the chat software, then checked the online stock forum for a while, and then fell asleep.

When he woke up, it was already eight o'clock the next day.

When he finished breakfast, came to the company, finished the morning meeting, and entered the trading room, everyone had already made preparations before the market, and was quietly waiting for the arrival of 9:15.

Su Yu went to his own computer and sat down.

He casually took the tea poured by the assistant, took a sip, and then his eyes fell on the quotations of the two markets and the Shanghai Steel Union, which had already started the call auction transaction.

Thanks to the good trend of the external market last night, as well as the hot money-making effect of the ChiNext Index hitting new highs one after another.

Most of the stocks in the two cities opened slightly higher.

Among them, the stock price of Shanghai Steel Union directly changed from yesterday's closing price of 48.21 yuan to 9 yuan at 15:51.58, an increase of 7.02%, and the initial call auction was 375 lots.

"Fenta Technology... the price limit has fallen!"

At the same time, Li Meng's voice came from Su Yu's side: "At the beginning of the call auction, there were more than 5 sell orders, which were directly placed on the price limit. Technology is very likely to drop the limit at once, and sure enough...no matter what the future expectations are, when the stock price is at a high trend, once a bad news occurs, the panic in the market will be instantly magnified."

With Li Meng's voice...

Su Yu glanced at Fenda Technology's call auction board, and saw that at this moment, the limit-down order was already more than 6 lots.

"It's okay, just follow the strategy I told you and execute it." Su Yu said, "As long as the underlying logic remains unchanged, short-term adjustments will not change the long-term upward trend."

"Yeah!" Li Meng responded and stopped talking.

Su Yu turned his attention back to the trading board of Shanghai Steel Union, and saw that within 1 minute, the stock price of Shanghai Steel Union has dropped from 7% to 5%. It has also increased from the initial few hundred hands to more than 2000 hands.

"It seems... Affected by the reduction of holdings by major shareholders of Fenda Technology, today's high-level core concept stocks on the GEM will all be under huge selling pressure." Su Yu thought to himself, "In this way, the pull of the core concept stocks has been lost. , the market and the core popular sectors, today’s trend should not look good.”

After thinking about this, Su Yu knew that it would be very difficult for the Shanghai Steel Federation to connect the boards today.

And he believes that if the entire market wants to continue to go up, it is necessary to eliminate the hidden worries that everyone is worried about major shareholders reducing their holdings at a high level. The sentiment reversed again, reducing the selling pressure of funds that are afraid of heights.

Before that, the market will mostly focus on adjustments.

"Today is not suitable for attacking!" Su Yu sighed, and secretly said, "Fortunately, when the semi-annual report was released, the major shareholder of Shanghai Steel Union has already stated that there is no plan to reduce its holdings in the short term, dispelling the hidden worries in this regard. Otherwise...it may be difficult for the stock price of Shanghai Steel Union to stabilize today."

The main line of "Shanghai Free Trade Zone" has not yet appeared, and the stock price of Shanghai Steel Union has fully reflected the future expectations.

The current stock price trend of Shanghai Steel Union is fundamentally supported by an extreme sentiment of relaying money. Once this sentiment decays, it will be difficult to maintain the stock price.

This is also the reason why Su Yu dominates this stock and needs to constantly rely on the overall investment sentiment of the market.

Because at this time, if you don't link with the sentiment of the market, don't step on the pulse of the entire market sentiment, and forcefully pull it up. In the case of insufficient confidence and emotion, it is easy to be smashed by the collective funds. , the ultimate money-making effect is gone, then the next... will definitely be a vicious circle, the selling will increase sharply, the buying will decrease further, the trend will reverse, and the stock price will crash.

As Su Yu pondered...

At 9:18, the stock price of Shanghai Steel Union fell back again, falling below the 5-point increase, reaching around 50.10 yuan, an increase of 3.98%.

Of course, in the past two months, among the constituent stocks of the GEM, among the high-priced and popular stocks that have been hyped by funds one after another.

The call auction trend of Shanghai Steel Union is still the strongest.

Other high-ranking hot tickets such as Wangsu Technology, Huaqingbao, Changqu Technology, LeTV, Dongfang Fortune, Tianyu Information, etc., have been affected by Fenda Technology's one-word drop limit, and their call auction increases have completely fallen back to the bottom. Even Huaqingbao's decline has exceeded 4%, showing huge selling pressure on the disk.

At 9:19, the stock price of Shanghai Steel Union fell back to 50 yuan, an increase of 3.86%, and the call auction order for matching transactions surged to more than 6800 lots.

Then, for a full 1 minutes.

The stock price of Shanghai Steel Union has been fluctuating around the price range of 49.95 yuan to 50.05 yuan. Occasionally selling orders suppress buying orders, and occasionally buying orders suppress selling orders. However, during this period, although the stock price did not change much, it was a collection of transactions Bidding orders have indeed continued to increase sharply, from the initial 9 lots at 19:6800 to more than 9 lots at 20:8100, and there are basically no cancellations.

In the end, the time for the real call auction came at 9:20.

The stock price of Shanghai Steel Union was initially fixed at 49.96 yuan. The orders on the disk, after the last ten seconds of cancellation, returned from a maximum of more than 8100 lots to more than 6800 lots. It far exceeded the performance of yesterday and the initial call auction the day before yesterday.

"The price of 50 yuan seems to have a certain consensus and emotional support."

Su Yu stared at the call auction trend of the Shanghai Steel Federation, and secretly said: "Using this price as the shock center, it should be able to support the fear of high funds caused by Fenda Technology and complete another transformation of the bargaining chip structure."

"It's just a follow-up..."

"Before the main line of 'Shanghai Free Trade Zone' comes out, if we want to go further, I am afraid that we will need the cooperation of Fenda Technology's reversal."

With his thoughts, the time entered 9:21.

Wangsu Technology, Huaqingbao, Changqu Technology, LeTV, Dongfang Fortune, Tianyu Information, etc. The call auction trend of high-ranking and popular stocks continued to decline. Wan Shou, it seems that he has no funds to dare to pry the board, and he can't pry it at all.

In the whole market, there was a good call bidding sentiment between the two cities in the first 5 minutes.

At this moment, it has been completely reversed.

Among the constituent stocks of ChiNext, 70% of the stocks have turned green in call auctions. The main board is slightly better, but more than half of the stocks have turned green in call auctions.

in……

At this time, the stock price of Shanghai Steel Union is still fluctuating between 49.95 yuan and 50.05 yuan, and the call auctions on the market have already approached 10000 lots.

9:22, 9:23...

The reversed call auction sentiment in the two cities further declined.

Finally, at 9:25, when the call auction ended, the Shanghai Stock Exchange Index opened lower by 0.42%, the ChiNext Index opened lower by 0.91%, and 73% of the stocks in the two cities opened lower.

Among them, the plate aspect.

Conceptual sectors such as 'Internet Finance', 'Mobile Games', 'Wearable Devices', and 'Apple Industry Chain', which were hyped as the core lines of the market in the early stage, were at the forefront of the decline, with an overall decline of more than 1% at the opening.

In terms of individual stocks.

Wangsu Technology, Huaqingbao, Changqu Technology, LeTV, Dongfang Fortune, Tianyu Information... and other high-level core concept hot stocks have opened lower by more than 2%, and the overall call auction volume has also shown an increase. The situation shows that the funds in the market are relatively panicked.

In addition to these stocks, the Shanghai Steel Union, which is the core focus of the two cities,

At the end of the call auction, the stock price was finally fixed at 49.71 yuan, falling below the previously fluctuating price range of 49.95 yuan to 50.05 yuan, an increase of 3.12%. During the entire call auction period, a total of more than 14000 orders were traded, with a turnover of nearly 7000 million , creating a new high in the transaction volume of Shanghai Steel Union in the call auction stage.

At the same time, this also proves that this stock is at the current price and the emotional node of the two cities.

The differences are getting worse.

Faced with such opening results, investors in the two cities, especially the large number of investors who followed suit and chased after the core hot stocks on the GEM in the past two days, were very surprised and unexpected.

"It's strange. Yesterday's external trend was very good. The overall market sentiment before the market was also enthusiastic. Why did the ChiNext Index suddenly open so much lower?"

"Especially Hua Qingbao, there is no bad news, and it opened nearly 5 points lower, it's just..."

"Hey, I was so happy yesterday. I didn't expect today...the market hasn't officially opened yet, so I just killed it. I really don't understand. Hong Kong stocks and peripherals are very good. What's the trouble?"

"Depressed, unexpectedly suddenly changed face!"

"Yesterday's profit was lost in a call auction. It seems... I have to stand guard again today. Who said that the GEM is far stronger than the main board?"

"I just cut the meat of the main board yesterday, chasing the core ticket of the GEM, Netspeed Technology, it won't just peak like this?"

"It's really being slapped in the face back and forth, I'm convinced!"

"Hey, what the hell was I chasing after Fenda Technology yesterday? I didn't make any money. Today, I just smothered me with a one-word drop limit. I was so angry!"

"The 5 minutes before the call auction was fine. I don't know why the call auction of all stocks went down after 9:20. I don't think the market sentiment is so bad, right? It's really being cut back and forth, after the cut The main board, immediately start cutting the GEM."

In the discussion among retail investors, at this moment, in the main groups of hot money.

Facing such an opening situation, many hot money that is active in the market are somewhat surprised.

"Hey, I was in such a good mood, I was blown away by the check from Fenda Technology!"

"It wasn't because of the check from Fenda Technology that it crashed, but because of Fenda Technology's shareholding reduction announcement last night. At the current stage, everyone is afraid of high-ranking stocks. Suddenly, such a large shareholder will reduce their holdings." Announcement, you can’t escape even if you escape, so you can only see Fenda Technology’s limit, and they stop profit and run away.”

"To be honest, the face of the major shareholder of Fenda Technology is really ugly."

"Fenta Technology has tripled from the bottom up. At this time, the major shareholders are not reduced, it is simply stupid."

"The market should have thought that Fenta Technology would not hit the limit straight down, at least it would give the funds a chance to run away. Unexpectedly... I think that because Fenda Technology went straight down the limit, the market lost liquidity and fell more than expected. That’s why the sentiment of funds running away from the high-level stocks that have been speculated has been triggered.”

"That's right. Once this kind of hidden worry arises, it may be very difficult to carry on the relay of high-level stocks that have the risk of reducing their holdings."

"Anyway, high relays should be avoided today."

"I don't know how the Shanghai Steel Federation will go today? In addition to the market's fear of heights brought about by the major shareholder of Fenda Technology's shareholding reduction, this check...is also a weather vane for market sentiment! If its trend goes bad, it is estimated that market sentiment will In the short term, I'm afraid it will be difficult to recover."

"I remember that the major shareholder of Shanghai Steel Union said they would not reduce their holdings when the semi-annual report was announced?"

"That's what happened."

"Then there shouldn't be a lot of panic. As long as the road to wealth is not smashed, it should be able to hold on, right?"

"Looking at the opening results of the Shanghai Steel Union and the volume of call auctions, it is not optimistic. If the opening price rises less than 5% at such a high level, it is weak. The profit-making orders accumulated in the market will take profits and exit on a large scale. of……"

While the bosses are sharing their thoughts and judgments...

The short 5 minutes suspension time ended, and at 9:30, the two cities officially entered the auction trading stage.

I saw that almost instantly, 5000 lots of main sell orders with a market price of more than 2000 million appeared on the board of Shanghai Steel Union.

And with the drop of this huge order.

The stock price of Shanghai Steel Union didn't even stay for a second, and it crashed immediately, falling into the water!
PS: Two in one!
(End of this chapter)