The investment era of rebirth

Chapter 264 Dongfeng of 'IPO Restart'!

"Wealth Road is sold for 5 million, it will be over tomorrow!"

At this moment, the market investors who have gathered their positions on the two main lines of 'Mobile Internet' and 'Smartphone Industry Chain' are full of panic.

"What are you afraid of, according to the position data released by the 'Yuhang No. Selling for more than 1 million yuan is not considered a violent liquidation at all, at most it can be regarded as a reduction of 30 to 5 percent."

"Yes, yes, the 5 million yuan is nothing to Fortune Road."

"Sell on Fortune Road, buy on Fusheng Road, this stock is a super main force in the market, isn't it considered bearish on the market?"

"Reducing the position by [-] to [-]% is naturally not considered bearish. To verify whether Fortune Road is really bearish on the market, bearish on the two main lines of 'mobile Internet' and 'smart phone industry chain', we have to look at tomorrow's dragon and tiger. If Fortune Road continues to sell, then you should pay attention.”

"But it should also be a signal to reduce positions?"

"Indeed, although Fortune Road is not completely bearish on the market, this large-scale reduction of positions should also show that Fortune Road judges that the market will undergo considerable adjustments in the future."

"Even if there is an adjustment, it should still be benign, right?"

"That's for sure... I estimate that the index will step back to the 20-day line at most, or the 30-day line will be almost the same."

"To be honest, the two main lines of 'Mobile Internet' and 'Smartphone Industry Chain' have been rising a bit too fast recently. It's good to adjust and consolidate!"

"Looking at the news of Fortune Road today, when selling the popular stocks with the core concepts of 'Mobile Internet', 'Smartphone Industry Chain', and 'Restructuring Backdoor', they bought Potential Hengxin with Fusheng Road. This should be It is this main force of funds, optimistic that the market is undergoing major adjustments, and the petrochemical sector can take over the market, so there is a relatively obvious opportunity, right?"

"Ke Fusheng Road only bought more than 2000 million, which is not worth mentioning compared to the more than 5 million sold by Fortune Road!"

"It doesn't matter how much money you buy, the key is attitude and direction."

"However, in the petrochemical sector, there is absolutely no room for imagination and the expected explosive performance in the future. What's more, there are still two barrels of oil in this sector. Who can pull it up?"

"It's right if you can't see the logic. If we can also guess the main force's thoughts, then we will be the main force in the market!"

"Whatever it is, follow the trend without thinking, and hit the potential balance tomorrow."

"Hey, when I first saw the Dragon and Tiger List, I was really shocked when I saw Fortune Road selling so many chips, but now...after listening to everyone's analysis, I finally feel relieved, yes, more than 5 million yuan in selling funds , Compared with Fortune Road’s holdings of at least 30 billion yuan, it is nothing at all, not to mention, when selling, you are still buying, bull market, bull market... I still believe that the current market is a bull market!"

"Even if it sells more than 5 million yuan, Fortune Road is still an absolute heavyweight on the two main lines of 'mobile Internet' and 'smart phone industry chain'. As long as the general direction of the bull market remains the same, the general trend will not change, and benign adjustments... I'm too lazy to move, at most I will use a small position tomorrow to hit the daily limit of the potential balance."

"The same way of thinking, I guess today's wealth road should be passively smashed in the late trading."

"The two main lines of 'mobile Internet' and 'smartphone industry chain', whether it is the future imagination space and the positive performance of the outbreak, are still there. What is there to be afraid of?"

"Observing for another day, I estimate that Fortune Road will not continue to lighten its positions."

"Although I am still optimistic about the bull market, since Fortune Road has appeared on the Dragon and Tiger List, I will also temporarily appear on the market tomorrow in accordance with the discipline. I will come back when the index stands on the 5-day line. It will be a short period of time, but it also eliminates some risks."

Everyone was in a heated discussion about the data of the Dragon and Tiger Rankings.

After the initial panic and fright, compared with the market's repeated reversals before, and the current market trend is still there, and the technical situation has not completely gone bad, everyone's hearts have gradually settled down, and confidence in the bull market has been restored. From various perspectives, it is far-fetched to analyze Fortune Road's reduction of positions today. In fact, it is still optimistic about the market in disguise, and it is freeing up more funds and positions to replace new stocks.

And... everyone also analyzed the overall holdings of the 'Yuhang No. 1' fund.

Still at a very high water mark.

For the lightening of Fortune Road, I found various reasons, and then used this reason to paralyze and convince myself.

"Sure enough, as the market trend continues, once the thinking of retail investors solidifies, when there is a clear signal of market change, very few people can follow the discipline, change their thinking, and withdraw immediately." At this moment in Shenzhen, Xin Niu Fund Company, in the trading room, Fang Xinsheng, the fund manager, browsed through the Internet, and after everyone discussed the topic of "Wealth Road's large-scale reduction of positions on the Dragon and Tiger List", he couldn't help feeling, "Such an obvious signal, and Wealth Road has already publicly displayed its cards on the Dragon and Tiger List. Unexpectedly, the vast majority of retail investors in the market still have the fantasy of a bull market, and the hope that the market will be able to hit 2500 points or even 3000 points without any obstacles in the future. I still dream that Huaqing Bao can hit the 100 yuan mark, and Internet speed technology can hit the market value of 1000 billion, I really don’t know what to say!"

"Under the continuous money-making effect, people's greed is always endless." Liu Xin, general manager of Xinniu Fund, said with a smile, "After people make money, they often think that they can still make money, and think that the index will rise. Now, and all the declines in the previous period have been reversed, naturally I think this time, it will be no exception."

"At this point in time, greed has eaten into the minds of the vast majority of investors."

"Even with the market influence of Fortune Road, it can't shake the greed in everyone's heart."

"Everyone will only analyze and find reasons to support their own position logic within the scope of their own cognition and according to their own ideal ideas."

"Speaking of... this is also a good thing!"

"Think about it, if you don't have the inherent thinking and irrepressible greed of these retail investors."

"How do major institutions like us profit from it?"

"The stock market, especially the domestic stock market, is a zero-sum game during 90% of the trading hours. Some people make money and some people lose money. These retail investors are the best source of nourishment and profit."

"For many..."

"Even if you tell him the wealth code, tell him where to reduce the position, where to increase the position, tell him which stock will rise and which stock will fall, he will still be unable to grasp it, and he will not be able to make money."

"This is because a person's cognition determines his way of thinking and operating ideas."

"It can't be changed, and no one can change it."

"This is also the source and root of the saying in the market that a person can only make profits within his own perception."

"So... there is no need to feel so deeply for these people, but... we should be happy, at least with them here, it will be easier and easier for us to make money."

"Otherwise, think about it."

"If the market is full of opponents like Fortune Road, then we really can only drink Northwest Wind."

"Boss Liu's words... are really penetrating." Fang Xinsheng was stunned when he heard Liu Xin's words, and couldn't help laughing, "Most of the time in the market is a zero-sum game, our The source of profit is really provided by the market group of retail investors.”

"I was just thinking..."

Fang Xinsheng paused for a moment, and then said, "There is so much noise about Fortune Road's position reduction today, what is the real motive?"

"Is it possible that this main force of funds is really purely and kindly reminding the retail investors and institutions in the entire market that the market has reached its peak, and they should reduce their positions quickly?"

"Or, the other party thinks that the market will have a huge negative in the future."

"That's why there is such an urgency to reduce positions."

"After all, if it were me..."

"In the same mainline field, the size of the position is more than 30 billion, and it is impossible to take a breath. When the position is completed in a short time, it will definitely not expose your seat at the first time. I would rather reduce the position a little bit at a time. It will be so urgent and violent."

"Huge bad news?" Liu Xin was taken aback by Fang Xinsheng's idea, "No way? Don't the regulators care about the market very much at present? Every day, they can't wait to put good news into the market, and let the financial media and securities media sing about it every day." Many markets, how do you look at it... At the macro level, there will be no major negative for the stock market."

"And the peripheral market..."

"The Federal Reserve's parliament went in December, and the U.S. stock market is also quite stable. The European economy and the U.S. economy are recovering slowly, and there are signs of getting out of the quagmire."

"These are all good things!"

"It can only be said that at this stage of the market, the accumulation of profit margins is indeed too heavy, and adjustments are inevitable."

Fang Xinsheng pondered for a while, and replied: "From the perspective of market analysis, the probability of a major negative event is indeed not high, unless a 'black swan' event, but a 'black swan' event is inherently unpredictable, but I think... The funds of Fortune Road are not ordinary main force funds in the market. Every time this fund appears on the dragon and tiger list on a large scale, whether it is the sell list or the buy list, the market will usher in a major market change. this concern."

"The means and methods of market entry and exit of this stock of funds are extremely aggressive and decisive."

"I think the other party must have other moves when reducing their positions in the two main lines of 'mobile Internet' and 'smartphone industry chain'."

Liu Xin pondered for a while, and said: "For this fund, apart from the movement of reducing positions on the two main lines of 'Mobile Internet' and 'Smartphone Industry Chain', the only thing that can be observed is that this fund is growing in potential today. There is a buying action on Hengxin, is it... really, as many retail investors predicted, this stock is shifting to the petrochemical sector?"

"Petrochemical industry?" Fang Xinsheng chuckled, "This prediction...does Mr. Liu believe it?"

Liu Xin coughed lightly, and said: "I also think it's too outrageous. Even if you are betting on the recovery of international oil prices and the recovery of the macro economy, the reflex arc is too long for the A-share petrochemical sector. A lot of follow-up funds will come in, and it will not be possible to speculate in a big market.”

"What's more, in the petrochemical sector, the weight ratio of two barrels of oil is too high."

"If you want to speculate in this field, you can't avoid these two big guys."

"And the internal bargaining structure of these two big guys is basically dominated by public offering institutions, national funds, Huajin, and Huijin. If Fortune Road dares to enter...then I have to respect him as a man!"

A trillion-level giant is facing a situation dominated by the national team.

In Liu Xin's view, as long as Fortune Road dares to enter, the public fundraising institutions that have been trapped for many years on two barrels of oil will definitely sell them off without hesitation, and the billions in Fortune Road's funds will not be left.

Therefore, it is either stupid or stupid to really believe that Fortune Road will shift its position to the petrochemical sector.

And if you don't touch two barrels of oil, first, the market cannot be speculated, and second, small-cap concept stocks in other sectors cannot accommodate such a large amount of funds.

"So..." Fang Xinsheng said, "Fusheng Road's buying action on the potential balance letter today is definitely a fake action to induce other follow-up funds in the market to enter, and the purpose must be to cover up their fund's 'secret positions' in other fields. into operation."

"Mr. Liu still remembers the funds of Fortune Road, and the ambush on the main line of the 'Shanghai Free Trade Zone'?"

"Nobody thought beforehand that Fortune Road would be the biggest winner in the hype of the entire 'Shanghai Free Trade Zone' concept, which abruptly caused their fund's net value to skyrocket several times."

"I have studied this person's operation thinking..."

"Extremely good at capturing market information, digging out themes and concepts, and also very good at lurking and building momentum to create monster stocks."

"Moreover, I also discovered a characteristic of this person."

"That is greed. Although most of the time the fund he manages is completely closed and does not publish any data on positions and net worth, but I found through historical backtesting that his fund is basically in the operating stage. They are all operating with full positions, even if the market switches, it is still full of positions."

"Only by maintaining a full position all the time can we create a myth of 3 times the performance in three months."

"And now, the size of the fund he is in charge of is not small. Under the inertial trading thinking and the pursuit of the ultimate performance, he still maintains the operation of switching positions at full positions. Then we can easily capture the value of this fund in the market." There are traces."

"Do you have a definite idea?" Liu Xin was very excited when he heard Fang Xinsheng's words.

If they can detect the rebalancing ideas and trends of the funds of Fortune Road in advance, then they can attack halfway, and even rush to raise funds in advance, and pick the fruits.

This is for them who have been suppressed by the 'Yuhang No. 1' fund.

But an excellent counterattack opportunity.

Moreover, if they can really grasp the trend of the funds of Fortune Road, successfully snipe at the other party, and pull the other party down from the investment altar, then the reputation of their fund company will also skyrocket in an instant, and the investment customer base and future asset management volume will also increase. There is a huge room for leaps and bounds.

"I still have to observe and observe." Fang Xinsheng said, "But at least... I can be sure that the future direction of the capital of Fortune Road will definitely not be the petrochemical sector."

"Okay, let's observe, observe!" Liu Xin rubbed his hands, "Don't worry, with such a large amount of funds, it is impossible to be completely invisible during the interval between positions and shares."

The two continue to discuss...

Yanjing at this moment, inside the Anlan Fund, in the trading room.

Xie Wanting stared at the dragon and tiger list sold on Fortune Road on a large scale, pondered for a while, and then said: "Teacher, did he do this on purpose?"

"Huh?" Zhou Guohua was stunned, a little hard to understand the apprentice's train of thought, "On purpose?"

"The sale is too deliberate." Xie Wanting said, "Based on my impression and understanding of him, he is very confident in his judgment of the market."

"Since he has judged that the market is at the macro level, there is no bull market."

"Then with his confidence, holding such a large position in his hand, he certainly won't start to reduce his position when the market shows obvious signs of peaking?"

"I thought it was weird before..."

"Huaqingbao, Fenda Technology, Changqu Technology, and LeTV have such intense daily turnover. A few days ago, when many fringe concept stocks were on the Dragon and Tiger List, these popular stocks were all avoided. In the Dragon and Tiger List, especially last Friday, Changqu Technology was able to close the daily limit, but it was dropped below 7 points abruptly."

"Looking at it now, these votes deliberately avoided disclosing data."

"In the chip structure of these tickets, those who have the ability to control the market to such an extent, except for these popular stocks, there will be no one else who holds large-scale positions in Fortune Road. After all, there are many positions in Jiefang South Road. , unable to control the board to such an extent."

"But master, look at today..."

"Huaqingbao, Fenda Technology, LeTV, and Xinwei Group, which are heavily held by Fortune Road, are all on the list, and Fortune Road has a large volume, and it is very urgent to sell. This is not intentional, or something? "

Speaking of which...

Xie Wanting's mind once again flashed Su Yu's calm and calm expression, smiling and talking, and said softly: "He is not afraid of causing panic in the market by showing his seat so deliberately. He should have already finished his position, right? Really It's powerful, if you don't move, it's nothing, and if you move, it's thunder."

"It makes sense!" Hearing Xie Wanting's analysis, Zhou Guohua also reacted instantly.

"But what's the reason for him to buy Potential Hengxin?" Xie Wanting thought about one point, but was stumped by another point, "There are really no opportunities in the petrochemical industry!"

Zhou Guohua wanted to understand the key points, paused, and said: "Since he revealed on the Dragon and Tiger List that the sale of Fortune Road's presence was deliberate, then the potential balance of buying is probably also deliberate, and the purchase of more than 2000 million Compared with the sales volume of hundreds of millions or more than one billion, it is really not worth mentioning."

"According to your thinking..."

"He should be diverting the attention of the main funds in the market who are paying attention to his seat, and secretly adjusting the layout of the position to another main line direction, and...according to what you said, his sale is probably the last move to clear the position, then he The layout in the other direction is almost complete."

"But... which direction will it be?" Xie Wanting thought hard.

Zhou Guohua smiled and said, "It's impossible to guess. After all, the daily turnover of the market is more than 1000 billion. If he didn't build a position very quickly in a short period of time, it would be difficult to detect the trace."

"I remember..." Xie Wanting carefully thought about every word she had said to Su Yu during the two days when Su Yu stayed in Yanjing during the National Day, and said softly, "He said that in the market, whether it is The regulators, national team capital, public offering institutions, private equity funds, hot money, and retail investors all have their own interests and goals. They also said that the investment exchange summit of "future investment" was deliberately done by the regulators. It’s a briefing with a mission in mind.”

"Teacher, what do you think..."

A flash of inspiration flashed in Xie Wanting's mind, she suddenly revealed an excited look, and asked: "What is the most urgent need and task of the supervisory authority at present?"

Zhou Guohua's heart moved, and he had completely understood.

"You mean..." He stared at his apprentice's beautiful eyes, "IPO restart plan!"

Xie Wanting nodded firmly and laughed: "I think...it must be. With the restart of the IPO as the core logic point, then the recent market trends, the attitude of the regulators, the hype of the relevant media, and the hustle and bustle of the bull market ...everything makes sense."

"Also, the global economy has turned, and new economic sectors are booming."

"If the domestic economy wants to pick up and recover, GDP should return to high-speed growth, open up direct financing channels in the financial market, and revitalize the economic blood that has been blocked for almost a year and a half, should it be the top priority?"

"Yes!" Zhou Guohua said with emotion, "The most important function and task of the stock market is to create direct financing channels for enterprises and open up the link from market capital to enterprise investment. Now this bloodline has a long and tragic history in the market. In the current bear market, it has been paralyzed for almost a year and a half, and it is also the longest suspension of IPOs in history since the establishment of A-shares, so the regulators should be in a hurry."

"The restart of the IPO must be coordinated with market conditions."

"That's why there is the 'Future Investment' exchange summit, and the good care of many parties during this period of time."

Think of these...

Zhou Guohua couldn't help sighing softly: "The IPO has been suspended for too long, and everyone can't help but forget that it is going to restart, and think that the bull market will not come, and the IPO will not restart, but they ignore the national economy and regulators for a while. The essential needs, speaking of it... really shouldn't be!"

"It should be too late for the layout now, right?" Xie Wanting heard Zhou Guohua's sigh, and couldn't help but said, "Looking at the overall market trend, there should be no other main funds except Mr. Su of 'Yuhang Investment'. Notice this Direction, and... Hasn’t there been news from the regulators?”

Zhou Guohua thought for a while, and said: "The so-called strike while the iron is hot, everyone understands that the market situation will not last forever, and the IPO restart plan will not be launched when the market is good. When the market completely ebbs, I am afraid it will be difficult to launch it again, so... I estimate that the news of the IPO restart may be imminent, after all, today’s drop has cast a shadow over the market, and many people should not be able to wait any longer.”

"However, the layout...should still be in time."

"The fields of venture capital and securities related to the restart of the IPO have a large scope, and there are many heavyweights. Even if the funds of Fortune Road are full, they will not be able to eat most of the chips."

"But he now has almost tens of billions of funds." Xie Wanting said, "Except for securities and venture capital, if tens of billions of funds are invested, I am afraid that there are not many high-quality chips left, but we can intervene early , should also be able to take a little advantage and eat more profits."

Zhou Guohua nodded slightly, and said with a smile: "Wan Ting, you have really grown up!"

Xie Wanting's analysis conclusion today is extremely important for Anlan Fund's next macro operation strategy. It can be said to provide a clear investment direction, and it may bring hundreds of millions of dollars to the entire Anlan Fund in the future. billion-level profits.

Facing the teacher's praise...

Xie Wanting smiled and said: "I just follow the historical operation track of President Su and my superficial understanding of him to make investment inferences. Will the market develop like this? Has he followed this logical line? To open a position, everything has to wait until the final market verification to know.”

"It shouldn't be wrong!" Zhou Guohua responded, "You can pack up and get off work. I will find the marketing department to summarize the various recent market news and demonstrate your inference. If there are no accidents, the market will open tomorrow. We are about to start the warehouse building plan in this regard.”

"Last time, on the line of 'Shanghai Free Trade Zone', we were too far behind this President Su."

"This time, try to win back a city!"

After speaking, Zhou Guohua walked out of the trading room.

And Xie Wanting thought back to what the teacher said, and recalled the scene where she and Su Yu met on the Waigaoqiao at that time, unconsciously, there was a desire to win or lose in her heart.

Of course, right now...

Su Yu didn't know that Xie Wanting was able to guess his real trading motives from the "dragon and tiger list lighten up" action he deliberately created.

At this moment, he is counting the net worth of 'Yuhang 1' after the exit from the warehouse.

and remaining funds available in both funds.

I saw that after clearing the two main concept markets of 'Mobile Internet' and 'Smartphone Industry Chain', the net value of the 'Yuhang No. 1' fund climbed by 15% compared to before the National Day, reaching the position of 12.39. The amount of funds reached 49.588 billion, which is basically the same as that of the 'Yuhang No. 2' fund.

And after the period of post-holiday adjustments...

The two funds have invested a total of 46 billion in the securities and venture capital fields, that is, 73.36 targets that Su Yu has drawn up and revised several times, and the remaining 26.22 billion is available for liquidity. The overall position level is about 73%, which is calculated The above is heavy warehouse intervention, and the layout is completed.

As for the specific weight of holdings, Su Yu focused on the 12 core stocks highlighted.

A total of about 30 billion positions are held, accounting for 40% of the total positions. Among them, Huaxin Securities, Huatong Securities, and Orient Securities in the securities sector have three stocks, and the number of positions is close to 10 billion.

"Now, it should be considered that everything is ready, only the east wind is owed, right?"

After counting all the holdings of the fund, Li Meng was very happy, and said with a smile, "If everything goes according to our expectations, the net worth of our two funds at the end of the year should reach another level."

"Don't worry!" Su Yu said with a chuckle, "Dongfeng will come, after all, there are people who are more anxious than us."

"But before the east wind comes..." Li Meng paused, and said, "Today's market has fallen so much, and we have made such a big hit. The market conditions in the future should not look good in a short time, right? I'm worried that the market will Once the fire is suddenly cooled down, it will be very difficult to heat it up again.”

"Looking at the overall topic discussion in the market, the impact of our seats is not that big." Su Yu said, "Before the news of the IPO restart is clear, the market has no other obvious negatives. Although the profit here is heavy, but before the sentiment does not collapse, The market is still relatively supportive."

"and……"

Su Yu paused for a moment, and said, "The shareholders we are waiting for may not necessarily be definite news!"

"How do you say that?" Li Meng didn't quite understand.

"Securities are the wind vane of the bull market, and also the indicator of sentiment." Su Yu said, "If you want to make a real bull market conclusion, and when the news of the IPO restart begins to spread, but it has not been fully announced, many of the main funds in the market should have acted."

"in other words……"

"Hype and harvest don't have to be done after the news is clear."

"The hazy stage is the best hype stage, because this stage is the most imaginative."

"Moreover, in essence, the restart of the IPO is a major negative for the market as a whole. After the news is clear, the hype is not supported by sentiment and the space is limited. In this case, it is better to take advantage of the hazy speculation of the bull market. The news of the restart of the IPO will hype the market in advance.”

"Understood!" Li Meng said, "With the basic logic of a bull market, the space for speculation will be maximized, and the group follow-up effect of retail investors will be the strongest."

Su Yu nodded slightly, and said: "Yes, the restart of the IPO is probably the trend of this round of market. When the curtain really ends, it will only be a small part of the market after the market adjustment. We have to change the protagonist to perform on stage. Let's see... The market changes, It should be in the next few days, after all, it is still necessary to strike while the iron is hot, and the regulators have a task to do, and they will not launch the IPO restart plan until the market cools down."

While the two were talking, the discussion on market conditions continued...

The topic of "wealth road dragon and tiger list lighten up" has occupied the hot topic of many stock forums on the whole network, but it just seems to have been withdrawn. After the heated discussion, everyone did not panic because of the lighten up of wealth road On the whole, the investment sentiment of the entire network, although there are obvious signs of fever before the data of the Dragon and Tiger Rankings, it has not collapsed. By.

In the evening, the regulators remained silent.

Major financial media, securities media, and analysts of securities companies expressed their views on the market, and their opinions were quite consistent, indicating that the current market trend is still very good, saying that today’s market adjustment is also a natural and benign adjustment. After all, no stock can keep rising, and no stock can ignore valuation and rise to the sky.

And in this...

At the same time, the analysts of brokerage institutions also reminded everyone to be cautious in chasing rising concept stocks, and called on everyone to embrace "value investment" and buy core concept stocks in the market.

Of course, retail investors naturally scoffed at these remarks, and no one believed them.

And, besides these...

The post that Su Yu posted at the end of June when the market plummeted, "Darkness has passed, light has come, and the bull market is not far away" was suddenly reposted and disseminated by a large number of investors on the Internet crazily, and was regarded as Many people judge the basis and logical basis of the bull market.

And in this kind of mood that everyone is both apprehensive and expectant.

Come Thursday, October 10th.

At 9:10, before the market opened, countless investors sitting in front of the computer focused their eyes on the computer screen, staring at their own stocks, looking forward to today's market, which will be the same as the previous market performance. Bao fell yesterday and hit a new high!
Then, 9:15 came.

I saw that the two main concepts of 'mobile Internet' and 'smartphone industry chain' that have attracted much attention, related concept sectors and core hot stocks, actually ignored the impact of Fortune Road's sharp reduction of positions yesterday, or opened flat, or opened slightly higher , exceeded many people's expectations, and continued the strong state!
(End of this chapter)