The investment era of rebirth

Chapter 356 Excited Opening!
"You mean to continue to eat chips from the tray to guide the outbreak of market sentiment." Hearing Su Yu's words, Li Meng replied in surprise, "However, in such a market that opened sharply higher, facing many short-term profits The selling of funds, with our remaining available cash, it is very difficult to support such a market and change the shape and trend of the market!"

Su Yu said with a smile: "Naturally, you can't force it. You have to wait for the selling of the many short-term profit-making funds that were chasing positions yesterday, as well as other floating chips in the market that are not deeply invested and obviously lack confidence in the market outlook. , Digest part of it, and reduce the upward pressure on the disk, so that the pallet can guide emotions and lead the market to continue to rise."

Speaking of which...

Su Yu paused, and then asked: "The total available funds of our two main funds should remain at around 20 billion, right?"

"Well!" Li Meng replied, "The total available funds in the background are 20.89 billion, but thanks to the overall rebound of the two cities yesterday, the market value of the positions of the two funds has increased. Now the level of positions of the two funds has almost reached 85. %, according to the principle of dynamic balance of positions you mentioned, we have to reduce some positions and return some cash."

"As far as the current market turnover situation is concerned, 20 billion funds are enough to guide emotions and maintain the market." Su Yu said, "As for the reduction of funds and return of funds, continue to maintain a dynamic balance of positions. We can wait for today's intraday sentiment to further stabilize. Slowly decrease."

Since he chose this point in time, he opened the curtain of the main line market of 'infrastructure'.

When emotions surge and market confidence begins to revive, it is necessary for him to use the most powerful posture to show the continuous profit-making effect of this main line, to create room for market rebound, and to show the fund's ability to build positions in this field. Large scale chip profits.

All in all, regardless of the motivation for the fund to obtain excess profits in the market.

It is still for consideration of the market trend in the market outlook.

It is necessary for him to be in this position. At this time, with the amount of funds in hand, he will carry out pallets, conduct emotional guidance, and maintain the strength of the market.

"It only takes 2 minutes for the call auction, and there are only 80% of the stocks in the two cities, and they can still maintain the upward trend." During the conversation between Su Yu and Li Meng, Wang Can, who has been observing the market trend, continued to report, "The decline is so fast, It seems... the market sentiment is not as strong as we thought, I said before that the Shanghai stock index will open 1.5 points higher today, but looking at it now, it seems a bit too optimistic and hasty."

"In the bear market, retail investors are already frightened. Even though our fund's seat appeared on the dragon and tiger list yesterday, at the same time, there have been a lot of good news in the macro aspect, which has greatly boosted investor sentiment inside and outside the market. However, when it’s really the turn to invest in real money, everyone’s wait-and-see mood is still strong.” Liu Yuan replied, “And according to the previous historical trend of the market, almost every release of good news and a higher opening of the market are selling points. Almost every time the market opened higher due to favorable conditions, it eventually turned into a trend of high opening, diving and falling. I think... This is also the reason why the market sells so heavily at the beginning of the call auction and when the market opened high. .”

"That's right!" Su Yu nodded slightly, "This is called the inertia of thinking in investment, and it is also an inevitable human weakness in transactions."

"Very good!" Li Meng watched the market prices of the two cities gradually fall back in the call auction, and said with a smile, "The opening range is not large, so there are not many short-term profit-making funds, and many sets are not deep enough, so there is no understanding of the market outlook." Under the condition of confidence in the psychological expectations of the vast number of retail investors, the market sell-off will not be so fierce, so... the callback of the index after opening higher will not be so harmful to the mood. Correspondingly, in this situation , we will save a lot of effort on trays and pullers.”

During the discussion, the trading time had passed 9:20, and the two cities ushered in the real call auction for irrevocable orders.

I saw that after 5 minutes of preliminary call auction transactions, the number of high-opening individual stocks in the two cities has dropped to about 75%. The chain' field stocks, in stark contrast.

Related sectors in the field of 'infrastructure' and the core popular stocks that led the gains yesterday.

At this moment, all of them showed an extremely strong state, leading the two markets one after another. Among them, Su Yu used the seat of "Fusheng Road" to buy Beixin Road Bridge, which was directly blocked with a block order of 56 lots, while Huaguo China Railway, where Su Yu's "Fortune Road" seat appeared, opened about 7 points higher, and the bidding list on the disk reached 8.9 lots.

As for stocks such as Huaguo MCC, China Fortune Land Development, and Kumho Group, which had a daily limit yesterday, they all opened higher by more than 5 points. In terms of market performance, there are countless funds scrambling to raise funds.

In contrast, the main concept of the core concept of the small and medium-sized board and the gem.

Conceptual sectors related to 'mobile Internet' and 'smartphone industry chain', as well as popular stocks, are far behind the market's average daily limit, leading the decline in the two markets. Among them, LeTV, Huayi Brothers, Dongfang Stocks such as Fortune, Wangsu Technology, Changqu Technology, Huaqingbao, etc. are all in a state of low opening. In terms of market performance, large orders of funds have pushed down prices, and the desire to get out of the market is quite strong.

Generally speaking, although the time is still in the call auction stage at this moment.

However, the active capital attack paths and styles of the two cities are already quite clear.

"What the hell, the market funds are all absorbed by the main line of 'infrastructure'." Seeing the performance of the call auction in the market, the fund manager Liu Guanhai in the Yinghui Fund at the moment in Shanghai, cursed with a look of unhappiness, "This man surnamed Su is really a market robber. No grass grows in the place where he has been fried."

No one expected that this round of index bottoming out and rebounding, leading the market is actually the main line of 'infrastructure'.

Therefore, most of the market's main institutional funds have no bargaining chips in the direction of the blue chips on the main board that have been abandoned by the majority of investors in the market. Naturally, their Yinghui Fund is no different.

Moreover, unlike many other private equity and public equity funds that have been killed and collapsed by the market, their confidence and belief have completely collapsed, they have no choice but to completely liquidate their positions at the bottom of the index panic, and maintain the minimum position operation situation. Because of his conceit, the entire Yinghui Fund The main position of the company still maintains a high position operation trend, and the direction of the position is basically all in the two main growth stocks of 'mobile Internet' and 'smart phone industry chain' headed by the small and medium-sized board and the gem.

This is also the reason why he is so dissatisfied with Su Yu's launch of the main line of "infrastructure" in the market at this moment, and using the main line of "infrastructure" of the riots to completely devour active funds in other sectors of the market.

After all, the main holdings of the entire fund he manages are distributed on the two early-stage core main lines of 'mobile Internet' and 'smartphone industry chain'. Facing the sudden outbreak of the 'infrastructure' sector, the market liquidity is already very limited. Under such circumstances, it was too late to adjust positions and catch up with Su Yu's pace.

Of course, what made him even more angry...

The market rebounded in an all-round way. Compared with last year's high point, the two core concept sectors of 'mobile Internet' and 'smartphone industry chain', as well as their individual stocks, not only did not rebound, but fell against the trend. Extremely manic and depressed, but also a lot of unwillingness.

"Manager, let's... adjust the position!" Yu Lei, the new trading team leader of the 'Yinghui No. The main funds from all walks of life, as well as the approval of the majority of follow-up retail investors, and in contrast to the two lines of "mobile Internet" and "smart phone industry chain" of the small and medium-sized board and the ChiNext, since the market explosion in the "infrastructure" field yesterday, the main funds have Not only is there no inflow at all, but there has been a trend of outflow, and it feels like the main style of the market... is really switching."

"At the current stage, the line of 'infrastructure' has not risen much. We should adjust our positions to pursue it at this time. It should...should be too late."

"If you continue to wait..."

"In case the line of 'infrastructure' really becomes the core line of the market, and the two main line concepts of 'mobile Internet' and 'smartphone industry chain' have not been recognized by the market's main funds, then we will It will appear more passive, and when the line of 'infrastructure' is brought higher and higher, it will become harder and harder to intervene."

"You want me to chase the ups and downs?" Liu Guanhai gave Yu Lei a slight look, and said, "How much is the market turnover? It can't support 80 billion in a day. In this case, the surname Su will fully promote the infrastructure construction 'This is the main line of the grand market, how high can the rebound be?"

"After yesterday's strong rebound, Huaguo China Railway, Huaguo MCC, China Fortune Land Development, Conch Cement and other popular stocks that led the rise have all speculated a 15% increase. If you chase at this time, you may be caught by the surname Su The strategy, chasing at the highest point, took over for him?"

"I don't believe it. In the face of these "infrastructure" large-cap stocks with tens of billions or hundreds of billions of stocks, how far can this line go when the entire market only has a turnover of tens of billions?"

"During the market bear market cycle, when the volume is seriously insufficient, the blue chips on the main board will not have a sustainable market at all."

"Even if someone surnamed Su is really the god of stocks in the world, he can't play well without the ability to cooperate."

"When everyone finds that the market volume can't support the breakthrough of the blue-chip market at all, just look at it... The main line of the market has to return to the growth stocks of emerging industries led by the small and medium-sized board and the ChiNext board."

"Besides, in terms of performance growth rate and future imagination space, the blue chips on the motherboard are indeed a fart!"

Yu Lei saw that Liu Guanhai was determined in his heart, and probably wouldn't listen to his persuasion, and then thought that even if the fund's performance was poor, underperforming the market index, and finally caught up with the responsibility, it would not have much to do with him, so he paused, not wanting to continue Touching Liu Guanhai's brow, he shut his mouth and stopped talking.

And at the moment when he persuaded Liu Guanhai to chase after the market in the field of 'infrastructure'...

In another trading room within Yinghui Fund, Shao Xiaoyun, the former head of the trading team who has been promoted to become the fund manager of 'Yinghui No. 2', is currently staring at the changes in the two markets, but has chosen an operation method that is completely inconsistent with Liu Guanhai's. , ordered the traders to use the available funds in the fund account to fully pursue the core leading stocks in the "infrastructure" field such as Huaguo China Railway, Huaguo MCC, and China Fortune Land Development, and switch the main investment direction of the fund to This one seems to have been basically recognized by the main market capital as the main line of "infrastructure" logic.

Likewise, at this very moment.

In Modu, inside Zexi Investment, and in the fund trading room.

Zhou Kan stared at the 'infrastructure' sector, which continued to erupt and was scrambling for funds extremely fiercely. Thinking of yesterday's hesitation, he also suggested to Xu Xiang to pursue quickly, follow the main line of 'infrastructure', and greatly increase his related positions.

"Be patient!" Xu Xiang smiled, staring at the board with sharp eyes, not in a hurry, "Even if the 'Wealth Road' shows up, the market volume can follow up, and it will take some time to react, and the 'Infrastructure' In order to continue to push forward, the amount of incremental capital required is huge, so although the market is breaking out violently, the increase may not be so fast. We have a lot of suitable opportunities and buying points to intervene, so there is no need to rush at this moment.”

Hearing Xu Xiang's words, Zhou Kan pondered for a while, but he also understood, smiled a little embarrassedly, and said: "I was too anxious, think about it carefully, it is indeed as Mr. Xu said, like 'infrastructure 'The outbreak of this kind of macro main line must be a trending market under the condition that the market volume can continue to increase. It is not like a concept hype market. It is a trend that directly peaks in a short period of time. "

"It's good that you understand!" Xu Xiang nodded slightly, "There will be more suitable buying points in today's market!"

"Mr. Xu means..." Zhou Kan was slightly surprised.

Xu Xiang smiled, interrupted him, and said, "You just have to watch it. The emotional highs at the opening cannot last long, and there are a lot of floating chips in the market. The structure of the chips needs to be further fully exchanged."

While he was speaking, the time reached 9:25, and the call auction between the two cities ended.

I saw that after a total of 10 minutes of market call auctions, the Shanghai Stock Exchange Index finally opened 1.01% higher, standing at 2130 points; while the Shenzhen Stock Exchange Index and the ChiNext Index opened 0.43% and 0.32% higher, significantly weaker than the main board.

Industry sector, and its individual stock performance.

The core sector in the field of 'infrastructure', and the many state-owned holding companies covered by the 'state-owned enterprise reform', still maintained the trend of leading the two cities, opening higher by more than 2%; while the 'mobile Internet' and 'smart phone industries' The concept hype route and growth route covered by the two major concepts of "chain" in the early stage are both weaker than the market, and underperformed the index in an all-round way. Related industry sectors and popular stocks all led the decline in the two markets.

Facing such an opening scene...

The vast majority of investors in the market are excited and excited. Of course, there are also a small number of investors who hold stocks in related fields of 'mobile Internet' and 'smart phone industry chain', full of complaints.

But whether it is the excited and excited investor group, or a part of the investor group full of complaints.

In the face of a strong rise, the 'infrastructure' sector, which has continued to make money, and its many popular stocks, are all jealous, eagerly looking forward to it, and have a strong desire to chase positions.

However, high expectations, and a strong pursuit of large funds.

When the Shanghai stock index opened sharply higher, leaving a huge gap, and the industry sector in the 'infrastructure' sector, and its popular stocks, there were not a lot of short-term profit-making and floating chips. At 9:30 in the two markets, the official After ushering in continuous bidding transactions, it failed to maintain the trend of the index holding high.

At 9:35, it was only 5 minutes after the opening of trading.

The Shanghai index hit the highest point of 2141.76, and when the increase was about to break through 1.5%, it suddenly began to turn around and dive quickly, and then lightning broke through the 2130 point on the high-opening station.

Immediately afterwards, with the diving of the Shanghai Index, the Shenzhen Index and the ChiNext Index turned green in a straight line and fell into the water.

Correspondingly, diving in the major indexes.

The market of the two markets, which was originally reported with great expectations by the majority of investors, is also surging in an instant!
(End of this chapter)