The investment era of rebirth

Chapter 233 Market Differentiation and Concentration!

"Okay!" Li Meng replied, "I also think this is more reasonable."

At present, the entire fund's holdings in the GEM's "Pan Mobile Internet" related fields have exceeded 20 billion, which can be regarded as an absolute heavy holding.

Then count the chips held on the line of 'backdoor reorganization' and the chips that have been suspended and closed.

If they still want to maintain the dominance of holding stocks in the next market change, then it is impossible to enter the remaining liquidity of more than 6 million yuan.

Because after it's all punched in...

The liquidity in their hands is exhausted, once the market of the stocks they hold shows a trend that exceeds their expectations, and they need to control the market to stabilize their emotions, they will not be able to operate flexibly.

And, usually, whether it's a fund or an individual investor.

The 80% position level is almost equal to a full position.

"The rest..." Su Yu paused, and continued, "It is for the individual stocks held by the two main hype lines of 'restructuring backdoor' and 'pan-mobile Internet'. In the subsequent market evolution, we will gradually eliminate the weak and retain the strong , fine-tuning the warehouse."

During the discussion between the two, the time came to 12 noon.

Su Yu asked everyone to go to eat quickly, and then around 12:40, everyone returned to the trading room again.

During this period of time, the market released two important noon announcements, one was Huayi Brothers' wholly-owned acquisition of Yinhan Technology; The merger and reorganization has been unanimously approved by the regulatory authorities.

"Another game company, backdoor listing!"

Seeing the midday announcement issued by the market, Li Meng returned to the trading room and sighed: "It seems that after 'mobile game' and 'restructuring backdoor' are combined, it has really become the strongest outlet in the market."

Su Yu said with a chuckle: "There is an example of Changqu Technology being frantically hyped by market funds after the merger and reorganization. At present, whether it is the capital of various departments on and off the market, as well as the major game companies that meet the conditions, which one will Don’t you want to go public under this trend and get the bonus of market valuation? After all, the shares are only valuable after they are listed and cashed out.”

"That's right!" Li Meng nodded, "I feel that the recently announced restructuring backdoor incidents all involve game companies."

"but……"

Li Meng paused, and then said: "These two important announcements should have a more obvious positive effect on the market trend in the afternoon, right? I guess... After the market opens in the afternoon, the two major announcements of 'mobile games' and 'backdoor restructuring' will In the concept main line field, the related core concept stocks are about to set off a daily limit wave.”

"I really didn't expect that the two market prices we provoked would suddenly come so fast and so fiercely."

"It is true that the market changes and the intensification of emotions is much faster than I expected." Su Yu said, "But it is not a bad thing for us. After all, the more the market rises, the more we are caught off guard, so we lurk in advance. The main funds of each department will be less.”

"And that means..."

"If they want to get enough bargaining chips and participate in this main line of the market on a large scale, they have to be constantly forced to carry the sedan chair for us, raise the stock price, and obtain bargaining chips, so as to limit the duration and height of the market. It’s better to get higher, after all, only in this way can they have enough profit space to maneuver.”

"And we can get more profit from it..."

"Well!" Li Meng said, "Fortunately, when we laid out the main line of 'Shanghai Free Trade Zone', we did not completely clear most of the stocks on the GEM's 'Pan Mobile Internet' line, otherwise According to the speed of this market change, we have no time to adjust positions and exchange shares, and it is even more impossible to complete the established investment strategy.”

"The larger the amount of funds, the more forward-looking thinking will be required." Su Yu continued, "Otherwise, many market opportunities will have to be given up."

The amount of funds they are currently managing is not small.

It is impossible to operate as frequently as before, frequently enter and exit one or two stocks, and violently increase the net value of the fund through concentrated speculation.

Instead, it must be steady and steady, and hype should be carried out through the layout of the main line.

During the simple exchange between the two, 1 o'clock in the afternoon has arrived, and the two cities that were suspended have resumed trading.

I saw the concept stocks related to "restructuring backdoor" and its core concept stocks, as well as the concept stocks related to "mobile games". The attack really set off a wave of daily limit.

Then, at 1:22, the 'film and television media' sector also exploded across the board.

Among them, LeTV’s stock price hit 37.53 yuan, an increase of more than 20% in two days. The market value also exceeded 165 billion, and the intraday turnover increased to 4.3 million.

At 1:36, as the prices in the two cities continued to rise, the growth rate of the GEM index broke through to 3%, and the index point stood at 1175 points.

At 1:48, compared with the previous two trading days, the concept stocks of "Shanghai Free Trade Zone" picked up.

The stock price of 'Shanghai Material Trade', which was once blocked by the daily limit, soared to a drop of around 3%, and rebounded by more than 7 points.

At 1:53, the small and medium-sized board index also rose by more than 3%, the Shanghai index rose by more than 1.8%, and the Shenzhen index rose by more than 2.3%.

At 2:02, the daily limit of individual stocks in the two cities broke through to 65, almost comparable to the day when the news of the "Shanghai Free Trade Zone" was announced.

At 2:12, the Growth Enterprise Market Index hit the 3.5% mark, and more than 90% of the stocks in the two cities rose, and the money-making effect was interpreted to the extreme.

At 2:26, ​​after the turnover of the two cities exceeded 1100 billion again, the index, as well as individual stocks, began to decline.

At 2:32, the Shanghai Stock Exchange’s material trade quickly turned down, and its decline expanded from about 2% of the rebound high to about 7%, and there was a tendency to close the limit.

At 2:43, the material trade in the Shanghai stock market fell back to the limit, and the main line concept stocks of the "Shanghai Free Trade Zone" that had been warming up once again encountered heavy selling. Resource stocks and many stocks that have rebounded from oversold have also shown some loosening in their disks, and many concept stocks with daily limit have exploded.

At 2:46, the number of daily limit stocks in the two cities dropped from 71 to 62.

At 2:49, the Shanghai Stock Exchange struggled for a while at the limit, and was completely blocked by large orders again, and the daily turnover exploded to about 15 billion.

At 2:52, the growth rate of the ChiNext Index fell below 3%, and the turnover of the two cities reached 1230 billion.

At 2:53, among many core popular concept fields such as 'mobile game', 'restructuring backdoor', 'shell resource concept', 'oversold rebound', 'film and television media', etc., relatively marginal concept stocks were hit by Due to the impact of a large number of selling orders, the stock price dropped significantly.

At 2:54, the differentiation of the popular concept sectors became more and more obvious.

At 2:55, the stock price of LeTV, whose daily limit was once blocked, fell back to around 7 or 8 points, and its market value also fell back to about 160 billion.

At 2:57, when the Shenzhen Stock Exchange entered the final closing call auction session.

Funds originally flowed into the "oversold and rebounded" concept stock sector on a large scale, and began to show a slight outflow of funds. This shows that many large investors who held positions on the market dropped a lot of chips in late trading.

Afterwards, the short closing call auction ended, and the time reached three o'clock in the afternoon.

I saw that the Shanghai index was finally fixed at a 1.36% increase; the Shenzhen index was set at a 1.78% increase; the small and medium-sized board was designated at a 2.39% increase;

On the whole, the two cities are in the late trading, although there is still a trend of a significant decline in the increase.

But the market performance is still quite hot.

Among them, the number of daily limit stocks in the two cities remained at more than 50, second only to the day when the news of the "Shanghai Free Trade Zone" was announced.

Especially the two concepts of 'Mobile Game' and 'Restructuring Backdoor'.

There are more than 25 daily limit concept stocks in total, which can be said to have an extremely strong profit-making effect. As long as you participate in the speculation of these two concept sectors within a day, you will have a high probability of getting a daily limit stock.

In addition to the most core concepts of "mobile game" and "backdoor restructuring", other conceptual sectors such as "film and television media", "Apple industry chain", "wearable devices", "mobile payment", and "Internet finance" are also different. Poor, sector gains significantly outperformed the GEM index.

It's just a lot of concept stocks related to the "Shanghai Free Trade Zone" as part of the "oversold rebound" branch market.

Its trend, somewhat beyond the expectations of market investors.

Everyone thought that these stocks should have a decent rebound after falling so much in just two or three trading days.

Especially the stock of Shanghai Stock Exchange...

Many people did not expect that after the price limit was pried open, it could continue to close at the limit.

"What the hell, today's market is so hot, but I can't make any money, so depressing!"

After seeing the closing results, many people on the Internet stock forums were excited and excited, but there were also many people complaining and complaining.

"Hey, I'm the same. I thought that bargain hunting in the Shanghai Stock Exchange could make money, but it turns out...it's all a flash of profit."

"The check from Shanghai Stock Exchange is simply poisonous."

"As much as it rose before, it has fallen as much as it has fallen now. 15 billion, and it has been included again today."

"Hehe... What a headshot! Dare to buy the bottom of the Shanghai Stock Exchange?"

"That's right, this check has already been fried, and it seems to be oversold, but in fact, this check has more than four times the space from the bottom to the high point. At this time... it didn't even reach halfway up the mountain."

"Hey, overall, the line of 'oversold rebound' is still far inferior to 'restructuring backdoors' and 'mobile games'."

"This is inevitable. The 'oversold rebound' was originally purely speculation, and it was a sentimental restoration. How much room can there be? It has rebounded sharply for two consecutive days, and it is almost the same. The two concepts of 'restructuring backdoor' and 'mobile game' are just It's completely different, looking at the successful cases of backdoor restructuring one after another, as well as the new monthly sales list of games in the 'mobile game' industry, it's really..."

"Well, the reason for the restructuring and backdoor speculation should be the stagnation of the IPO, and the regulatory authorities have relaxed the relevant regulations on the restructuring and backdoors, right? As long as the regulators relax the approval of the restructuring and backdoors, then the market, clean shell resources, will become quite scarce. Yes, it has the conditions for hot speculation."

"Actually, in the past two days, the main funds in the market are also speculating according to this path and idea."

"As for the concept of 'mobile game', I feel that the hype should be scale expansion and performance explosion?"

"No... I think the concept of 'mobile game' combined with the concept of 'reorganization' is the strongest. For example, the two checks of Huaqingbao and Changqu Technology are really strong and unreasonable."

"The line of 'restructuring backdoor' is still the strongest."

"Look at the concept stocks with daily limit today, including 'mobile games', 'film and television media', 'Apple industry chain', 'wearable devices' and so on. Many of them have the concept of 'reorganization' in them. And related stocks without the concept of 'restructuring' are obviously weaker."

"Reorganize, reorganize... Next, just focus on this line!"

In the discussion of the retail investor group, the main hot money group at this moment, as well as many offline main fund exchange places participating in market speculation.

Everyone is equally passionate about today's market performance, and at the same time, they are also full of emotion.

"With today's market performance, the hype path of the superficial market and the future market development path are becoming more and more clear, right?"

"Well, the market fell back in the late trading, showing a clear sense of hierarchy."

"The line of 'Shanghai Free Trade Zone' is the weakest. After the large-scale withdrawal of large funds, even with the help of the good sentiment in the market, the rebound is weak, and the follow-up can be completely abandoned; the line of 'oversold rebound' today There was an obvious collective decline. Among the stocks that were blowing up in the late trading, the concept stocks of this line were also the most. This shows that this concept has no continuity. The hope is pretty slim and should be avoided."

"Then the hype of the 'shell resource concept', the hype of the reorganization concept, the direction of the GEM, and the hype of many popular concepts that were popular in the early stage..."

"Among them, shell resources and restructuring concepts are still the strongest."

"Of course, core stocks carrying recombinant genes, such as the GEM's 'mobile game' concept sector, 'film and television media' concept sector, and 'Apple Industry Chain' concept stocks, have gone quite steadily, and there should be a lot of follow-up The upside space can be relayed."

"I think the hype potential and continuity of the concepts of 'restructuring' and 'shell resources' are not as good as those core concept sectors of the GEM and related core concept stocks."

"Because of the concept hype of 'restructuring' and 'shell resources', there is a problem similar to the line of 'oversold rebound', that is, they have no continuous expected expansion, and can only be based on the initial market expectation space, and then The hype is fueled by mounting emotions."

"That means they don't have a lot of hype."

"Also, the concept stocks of 'restructuring' and 'shell resources' are basically small caps of hundreds of millions or billions, with very limited liquidity. Coupled with the spread of emotions on this line, in the successive 'restructuring backdoor' Under the positive stimulus of success, the intensification is too fast, and the entire market has a strong willingness to lock up the chips and lock positions of these two lines, and this shows that the exchange of chips will be seriously insufficient during the rapid advancement of the market.”

"As for how the market will evolve after the exchange of chips is seriously insufficient, everyone should have a good idea."

"So, I think the two lines of 'restructuring' and 'shell resources' hype are highly likely to be a flurry of market trends, and they will peak within five trading days at most."

"However, in the direction of the GEM, which is changing at the same time, it relies on the concept hotspots of the 'mobile Internet'."

"Not only are its sectors and industry expectations constantly changing, but also the emotional evolution and chip exchange are much more sufficient than the two lines of 'restructuring' and 'shell resources'."

"So, I judge that the relevant popular concept sector market in the direction of ChiNext should be able to go further."

"It seems that... although the market trend is becoming more and more obvious, there are still big differences in everyone's judgment on the main line of subsequent market hype!"

"The dragon and tiger list is about to be refreshed. Let's take a look at Fortune Road and other core hot money in the market. Which aspect will you focus on?"

"Yes, look at the choice of the core force in the market."

"The trend of Huaqingbao and Changqu Technology today can be described as extremely enchanting. I don't know if the funds from the main seal will still be the road to wealth?"

"There are also Huayi Brothers, LeTV, Fenda Technology, Wangsu Technology and other popular stocks in the early stage. Today, they are also very strong. They are almost lined up in a daily limit trend. I don't know the main force of these stocks. what idea?"

In the discussion room of all the big players, at 5:[-] in the afternoon, the dragon and tiger list was refreshed.

I saw that almost all of the stocks on the list are popular stocks with frequent changes today.

Among them, such as Rongshun, Hilong Software, Huaqingbao, Changqu Technology, Huayi Brothers, Fenda Technology, Netspeed Technology, Huake Financial, Shanghai Stock Market, etc. are all on the list.

And among the stock disclosure seats on the list...

Fortune Road still occupies four seats, and all of them are on the buying list. Among them, the purchase amount of Fenda Technology, Wangsu Technology, Huayi Brothers, and Huake Jincai are all above 5000 million. At the same time... Wangsu Technology appeared In terms of institutional seats, Huayi Brothers has a seat of 'Huaxin Securities Yanjing Minghua Road' which has been following Fortune Road.

In addition to Fortune Road on the list, Jiefang South Road is also on the list.

And judging from the disclosed data on the Dragon and Tiger List, the amount of funds bought by Jiefang South Road today is much more than that of Fortune Road. The amount was more than 1 million, and the two checks bought a total of 2.73 million chips.

As for the stock of Shanghai Stock Exchange, which was pried off the lower limit and then sealed off the lower limit.

According to the Dragon and Tiger List, all the "Giant Whale Gang" in the magic capital were cut out today, but the four hot money linkage seats of the Shenzhen City Department took over.

Of course, what is particularly noteworthy is the second-buy seat on Huayi Brothers.

That is the seat of 'First Securities Company Shenzhen Huaxin Road Sales Department'. Most people in the market know this seat. It is the seat of Niusan Ge Hongbin in the hot money circle in Shenzhen. And the last time the Dragon and Tiger List was revealed was a year ago.

Seeing such data on the Dragon and Tiger List...

In the hot money group of big players in the market with fierce discussions and serious differences, as well as in many offline big players communication venues, everyone's thoughts on the market outlook began to quickly converge.

"Wealth Road did not continue to increase its position on the line of 'reorganization' and 'shell resources' speculation. Instead, it followed up with a large amount of positions in the popular concept stocks in the early stage of the GEM."

"Not only Fortune Road, Jiefang South Road, Huaxin Road, but they all appeared."

"There are also institutions. Institutions are actually in the position of a new high in Internet speed technology, and together with Fortune Road, they continue to increase their positions and buy. It is true and unexpected."

"What does this mean? It means that the bigwigs in the market are all optimistic about the market continuity of the hot concept sectors related to the GEM, and they don't pay much attention to the two hot spots of 'reorganization' and 'shell resources'."

"The main problem is the problem I mentioned before. The two hot spots of 'reorganization' and 'shell resources' are too emotionally fermented. The funds in the venue are severely locked up, and the chips cannot be released. In addition, they are all small-cap stocks. Limited, unable to support a large amount of capital in and out, so the big guys can only choose the direction of the GEM to switch the main line of the market.”

"Also, Huaqingbao and Changqu Technology, which were dominated by Fortune Road yesterday, are actually the only one on Jiefang South Road today. You probably didn't expect it?"

"It is estimated that the chief helmsman saw the motive of Fortune Road, so he rushed to raise money in advance."

"Haha... Judging from the data of the Dragon and Tiger Rankings in the past two days, it is really rare to see Fortune Road being sniped! Now... in terms of the core hot hype of 'mobile games', Fortune Road's bargaining chip should be It’s far better than Jiefang South Road, isn’t it?”

"The two companies are so frantically scrambling for funds, does it also mean that the two stocks, Huaqingbao and Changqu Technology, still have a lot of room for follow-up?"

"It's very possible! Otherwise, why are Jiefang South Road and Fortune Road so vying for funding?"

"Haha... In any case, the data disclosed on the Dragon and Tiger Rankings today is really clean, and the ways of increasing positions and hype of the bigwigs are all revealed."

"Yes, tomorrow's market, the concentration of the market should be stronger!"

"At the same time, other concepts such as 'oversold rebound', 'reorganization', 'shell resources', and ST sector shell preservation' will become more differentiated?"

"It should be. After all, the overall market turnover cannot be expanded on a large scale. Differentiation and concentration are inevitable."

"Follow the most core main funds..."

In the entire market, the main hot money groups are in the midst of heated discussions; in the major financial media reports that A shares have risen across the board, and revisiting the "starting point of the bull market"; the external market is still calm, and the regulators are also working hard to blow the wind , Under the influence of calling institutions to enter the market.

After a night of emotional fermentation...the market ushered in the second day of trading.

At 9:15, the two cities opened higher across the board. The popular stocks that were sought after by market funds yesterday all showed relatively large gains. Among them, the most popular Huaqingbao, Changqu Technology, Huayi Brothers, Rongshun Shares, Hilong Software and other multi-checks have even appeared in the form of opening with a one-word daily limit.

Of course, among them, there are also things that have surprised the entire market again.

That is the check of the Shanghai Stock Exchange, which is a monster stock in the market. After the prying board failed yesterday, it opened today and was collectively sold by investors holding positions in the market again. There was a one-word limit down trend, setting a fourth consecutive limit down!

(End of this chapter)