The investment era of rebirth

Chapter 325 Fixed increase landing!

Fang Xinsheng was silent for a long time before asking: "How many chips have you bought?"

"A total of more than 3800 million." Mou Zhengxing replied.

"Give up!" Fang Xinsheng said, "The active funds in the market have been seriously dispersed. Under the stock game, in this situation, the continuity of the hot concept market will be greatly reduced. Looking at the market trend, 'Internet finance' and 'mobile payment' I am afraid that these two major concept sectors will not be able to withstand the pressure of selling, and they are about to rush higher and fall back."

"Just give up like that?" Liu Xin who was beside Fang Xinsheng asked in surprise.

Fang Xinsheng nodded and continued: "Since we know that the continuity of the market is not strong and the profit-making effect is weak, there is no need to increase the position and invest. Fortunately, our buying volume is not much, even if the market in this line goes up If you fall back into the trap, you will stop the loss immediately when you cut your position tomorrow, and the loss will not be too large."

"Okay!" Liu Xin responded, and then sighed, "These institutions that recruit banks and securities are really... not enough to succeed, but more to fail!"

Fang Xinsheng stared at the continuously changing banking and securities sectors, pondered for a while, and said: "Looking at the buying performance of these two weighted sectors during the changes, it doesn't feel like it is necessarily the work of institutions!"

"It's not an institution?" Liu Xin looked puzzled, "Which fund could it be?"

"Look..." Fang Xinsheng pointed to the stocks with the largest net inflow of main funds in the banking and securities sectors, and said, "The vanguards are Huaxin Securities, Huatong Securities, Huaguo Bank, Huashang Bank, and Huajian. Banks, Huanong Bank, the core weight of the real super market.”

"These stocks not only have a large market, but also have very limited expectations."

"Even if institutions want to take advantage of concepts such as 'financial technology', 'digital finance', and 'digital economy' to create a wave of hype, or to say that they are really optimistic about the future of the financial sector and increase their positions in this area, they will not Choose this kind of stock with very limited future expectations, huge and heavy circulation, and it is not easy to pull up and hype stocks at all?"

"So, I think it's more of a 'national team' in Toronto."

"Zhengjin, Huijin?" Liu Xin asked in surprise.

Fang Xinsheng nodded slightly, and continued: "It doesn't necessarily have to be Securities Finance and Huijin, other 'big funds' are also possible. In essence, at this stage, the valuation of banks and securities has indeed reached the limit position. If it is used as a long-term investment Considering it, it is not bad to increase the chips in these two sectors.”

"The valuations of banks and securities are in the end, but the expectations have not yet been reached!" Liu Xin said, "These two major sectors, as weighted finance, are both pioneers of macroeconomic recovery and market bullishness. Now the market The expectation of the bull market is quite pessimistic, and there is definitely no chance in the short term. As for the long term you mentioned, I don’t know how long this “long term” is.

In Liu Xin's view, the recovery of the macro economy and the change of the central bank's monetary policy.

At least both quarterly and yearly.

Therefore, although Fang Xinsheng said that the position of securities and banks at the moment is a good choice as a long-term investment direction, but as a pursuit of excess performance and an urgent need to expand the company's asset management scale, he would not consider this limited flexibility. , and very much rely on the weight of incremental funds to invest.

"Large capital investment does not care about the time period of half a year or one year." Fang Xinsheng said, "Anyway, this should be a relatively good signal."

He believes that if the main force of the market is super capital, in this position, large-scale Masukura will support the market.

That means the end of the policy is here.

It also shows that the regulators are still very concerned about the gains and losses of the stock market around 2000 points, and the protection of the stock market.

"Hey, it's better not to ask."

During the discussion between Fang Xinsheng and Liu Xin, Mou Zhengxing, who was focused on executing the trading orders, sighed: "Obviously, the popularity is on the GEM, the small and medium-sized boards, and the blue chips on the main board. Under the continuous downturn and the continuous loss of money, there has long been no one. Pay attention, it is difficult to play the sentiment and confidence of investors to do more."

"If the funds for attacking securities and bank heavyweight stocks are used on many stocks in the two concept sectors of 'Internet Finance' and 'Mobile Payment' that have just accumulated a certain popularity base, and launch a wave of aggressive offensive, maybe at this moment The market has already formed a virtuous circle trend.”

"Speaking of which, this isn't a disservice, what is it?"

"Although the capital of the 'national team' is huge, the scope of buying targets is very limited." Fang Xinsheng said with a smile. Hype like hot money is just a dream, not realistic at all.”

As the three talked, traders gave up and continued to buy.

On the market, the two leading concept sectors, 'Internet Finance' and 'Mobile Payment', have experienced a break in commitments and the trend of following the trend of various funds has subsided, and the trend of shocks and declines has become more and more obvious.

Finally, at 10:52, Kim Jong shares, which had been blocked, exploded.

At the same time, the leading stocks related to "Internet Finance" and "Mobile Payment" that were blocked by Yinjie, Tianyu Information, and Blue Sky Information, and the orders on the daily limit board also began to drop sharply. The trend of the entire sector has fallen from the shock. turned into a rapid fallback.

And at the same time...

There are a large number of trays of funds, and the securities and banking sectors have risen rapidly.

Relevant heavyweight stocks, after absorbing a large amount of funds from various sources to follow suit, also began to stagnate when the sentiment on the ChiNext Board and the small and medium-sized boards receded, and the selling pressure on the market became heavier and heavier.

Immediately afterwards, wait until the time enters after 11 am.

Banks and securities also began to fluctuate and fall, gradually falling.

Finally, at 11:30, when the market closed at noon, the Shanghai Stock Exchange Index, Shenzhen Stock Exchange Index, and ChiNext Index all fell back from their highs to around flat.

in……

Although the two concept sectors of 'Internet Finance' and 'Mobile Payment' still maintain the state of leading the two markets, the internal profit-making effect of the sector has been greatly reduced. Nearly half of the large number of investors who followed suit in the morning have been caught , and the situation of the two major sectors with a maximum of 6 daily limit stocks has also fallen back to only two daily limit stocks of Tianyu Information and Yinjie.

Faced with such a closing situation at noon.

The majority of investors in the market sighed a little, feeling that it was not as expected.

"Hey, I knew that if the banks and securities moved, there would be no good things. I really don't understand. The market is still in a deep bear market, and the trading volume of the two markets is declining. At this time, the securities and banks are trying to what?"

"Who knows, it's really... falling and falling!"

"Hey, although the index hasn't fallen much this morning, individual stocks have plummeted, quite a few!"

"I thought there would be a significant rebound today, but I didn't expect it to be so weak."

"It is estimated that the Shanghai Stock Exchange Index will meet again at 2000 points, and the lower support of the ChiNext Index is also around 1000 points. It really goes back and forth year after year, but the index is still spinning in place."

"Although compared to June last year, the index has almost fallen back to the original point, but the net value of my account has hit a new low. Hey... At the beginning of December, I really shouldn't blindly increase my position."

"It's a good start, it seems that there is no hope."

"The negative decline mode is the most annoying. At this time, it is better to take a short position!"

"Let's wait for the index to bottom out. If the bottom is 2000 points, there is not much room to fall."

"The index may not have much room to fall, but individual stocks may not. For example, since the beginning of December, the index has fallen by less than 12% in a month. Many popular stocks on the GEM have retreated by 10% to 30%. It's tragic."

"It feels like we still have to avoid high-priced hot stocks that have been seriously hyped in the early stage."

"Many low-ranked votes are also miserable, and they are all on the road to record lows, running wildly all the way."

"Although this is the case, it is not appropriate to cut the position and stop the loss at this time. Hey, let's endure it... We can only wait for the 'Fortune Road' Mr. Su to appear on the dragon and tiger list, and then cover the position. "

"That's right, Mr. Su doesn't show up. This situation... I think it will be difficult to hold on."

In the relatively pessimistic discussions among many retail investors...

After the market opened at 1 o'clock in the afternoon, the market's strength began to weaken further, and the selling in the market became heavier than in the morning.

Subsequently, as selling increased, buying decreased with both effects.

The Shanghai Index, Shenzhen Index, and ChiNext Index all slipped into the water again, and gradually formed a unilateral downward trend over time.

Finally, the market closed at 3 o'clock in the afternoon.

The Shanghai Index, Shenzhen Index, and ChiNext Index all closed down more than 1%.

Among them, affected by the favorable holidays, the concept sectors related to 'digital finance' and 'digital economy', which were hyped by active funds in the market in the morning, and their popular stocks have all stepped out of the trend of rushing high and diving. Of course...in this In the trend of rushing high and diving, only in terms of closing results, the two concept sectors of 'Internet Finance' and 'Mobile Payment' are still at the forefront of the rise list of concept sectors in the two cities.

In addition to the sluggish performance of the index...

Compared with the few days at the end of December, the turnover of the two cities has increased, but it is still below 12 billion.

Faced with such a closing result, facing the market that suffered a sharp drop on the first trading day of the new year, the long-term sentiment and long-term expectations that had been restored during the New Year's Day holiday collapsed and disappeared in an instant, and the entire market Major investment forums, communities, and places where various retail investors gather are once again shrouded in pessimistic expectations and opinions.

Of course, at the moment when retail investors and hot money are hit by market trends, and their views on the market outlook are again pessimistic.

Major financial media, financial institutions, and well-known financial big Vs still insist on singing more, repeatedly emphasizing that the overall valuation of the market is already at the lowest position in history, which is of great investment value, and once again shouted out the Shanghai index 2000 points , is the slogan of the bottom of history and the starting point of the bull market.

pity……

No matter how the media, institutions, and big Vs encourage and sing more.

The lack of new heavy positive stimulus and the continuous profit-making effect of the market still cannot attract more retail investors to participate, and cannot attract more incremental funds to enter.

So, in this case.

In the next week or so, the major indexes continued to fall in the negative mode, stepped out of the continuous shrinking and small negative trend, and moved towards the 2000-point mark step by step.

And for a week or so, the market has been lackluster.

The concepts of "digital economy" and "digital finance" proposed by Su Yu at the "Financial Summit" at the end of the year completely disappeared after only two or three days of speculation in the market.

Of course, during this period.

Su Yu and his trading teams of 'Yuhang Investment'.

There is no new layout for the market, and the re-closed 'Yuhang No. 1' fund and 'Yuhang No. 2' fund still maintain a low position of about 15% in accordance with Su Yu's investment strategy years ago. The operating situation, on the one hand, responds to the continuous callback of the market, on the other hand, it also allows traders to borrow low fund positions during this period, and fully exercise their market sense and market analysis ability.

And also during this time...

The four of him, Xu Zhongji, Xu Xiang, and Gao Tianhe decided to participate in the 'Lexun Precision' fixed increase plan.

Meet in Guangdong Province, met with two brothers Wang Laichun and Wang Laisheng, the founders and actual controllers of "Lexun Precision" Group, and finally finalized the 30 billion fixed increase plan of "Lexun Precision".

According to the final negotiation between the two parties.

The two brothers Wang Laichun and Wang Laisheng promised to set prices according to the market, that is, after the release of the fixed increase plan, the average price of the market for 20 trading days will be used as the benchmark, and the final fixed increase price will be reduced by 10%.

After the discussion, on January 1, Lixun Precision Group held an extraordinary general meeting of shareholders.

The fixed increase plan was reviewed and approved, and the fixed increase plan was submitted to the China Securities Regulatory Commission for review on the second day.

However, after Lixun Precision announced its fixed increase plan to the market, it was learned that the proposed increase price would be significantly lower than the market stock price. Investors in the market immediately voted with their feet and sold a large number of Lixun Precision's stock prices.

However, on January 1, the China Securities Regulatory Commission approved the fixed increase plan declared by "Lexun Precision".

When the market learned that the institutions participating in the fixed increase included 'Yuhang Investment' Fortune Road and 'Zexi Investment' Jiefang South Road, they couldn't help being in a collective uproar, and then started frantically scrambling to raise the stock price of 'Lexun Precision', causing In the last ten trading days before the Spring Festival, "Lexun Precision" has gone out of the extreme bottoming and continued the crazy trend of violent rise. It has become an extremely beautiful landscape in the market before the Spring Festival. At the same time, it has also driven the Stocks related to the 'Apple Industry Chain' and the entire 'Smartphone Industry Chain' have been pulled back for a long time.

And on the same day...

Apocalypse Lithium's overseas acquisition of 'Taleson' has also come to an end.

In the end, Tianqi Lithium acquired 31% of the shares of 'Taleson' at a cost of 51 billion. Later, in the continuous bidding between the two parties, considering the continuous soaring acquisition costs of 'Norkwood', after obtaining 24% of the shares, they chose In order to withdraw, as for "Yuhang Investment", which acquired the shares of "Taleson" sideways through the hands of Tianqi Lithium Industry, it cost 12.6 billion to obtain 16% of the shares of "Taleson" and helped Tianqi Lithium Industry complete the acquisition of "Taleson" Sen' absolute holding.

After completing the 15 billion loan commitment to Apocalypse Lithium and the acquisition of shares in 'Taleson'.

Originally, the company had a balance of 1 billion funds in the ex-rights of the net value of the 'Yuhang No. 35.32' fund, but now only 7.72 million funds are left.

Moreover, the 7.72 million yuan of funds will also be deducted from the 3200 million year-end bonuses reserved for employees.

Therefore, after this large investment at the end of the year, the company's remaining cash flow from the net value of the 'Yuhang No. 1' fund after ex-rights is only 7.4 million yuan.

Of course, including Su Yu's previous loan to the company, the unused operating cash.

In terms of the remaining available cash flow, the company has done its best, and only 7.6 million is left.

Facing the remaining cash flow of only 7.6 million yuan, Su Yu felt that the use of funds agreed with everyone before, as well as the company's follow-up operation plan, were naturally unusable and had to be adjusted.

So, after counting the financial data...

He reconvened the company's core management and the company's three shareholders, including him.

New adjustments have been made to the company's follow-up development strategy.

According to the new adjustment, he allocated 5 million funds to the special investment fund account of the company's "Equity Investment Department" as the company's subsequent primary market equity investment capital reserve, and the remaining 2.6 million was deposited in the company's financial account as the company's capital account. Usual expenses and all operational needs.

(End of this chapter)