The investment era of rebirth

"I agree with Manager Fang." At this time, Mou Zhengxing also interjected, "This should be just a weak rebound after the market's short-term rapid oversold, and it is difficult to have continuity. We have already missed one in our trading strategy before. This time, the same mistake should not be made again this time."

Seeing the two important people who manage fund products, Liu Xin thought this was just a weak rebound trend in the middle of a downtrend. After pondering for a moment, he fully agreed with the two people's analysis of the market and said: "If that's the case...then Follow your advice, Manager Fang!"

"Okay!" Fang Xinsheng responded and quickly made arrangements.

At the same time, in Shanghai, Yinghui Fund Company increased its position significantly at a high level, and also because of the disadvantage of news channels, it missed the best time to reduce its position before the 'Yinghui No. 1' fund product transaction. Indoors, the fund manager Liu Guanhai seemed quite hesitant: "It's a little bit bearish, and the long-short situation in the market has turned instead! Hey... at this time, it's not worth selling, and it's not worth not selling at this time."

"Mr. Liu, I feel that this morning's market is still moving with a lot of momentum." Seeing that Liu Guanhai was quite hesitant, and seemed to be shaken by the previous trading strategy, Yu Lei, the trading team leader at the side, said, "According to the market's Emotional reactions and everyone’s expectations, today’s market is bad, it should have fallen sharply, but now after opening lower and fluctuating, it continues to pull up and strengthen. gone."

"and……"

Yu Lei paused, and continued: "Looking at the market in the morning, the strongest sectors are still the two core lines of 'infrastructure' and 'state-owned enterprise reform' that we didn't have time to reduce our positions on a large scale before."

"The market's main funds are replenished on a large scale to these two core main lines, which proves that the market potential of these two core main lines has not been exhausted before. Therefore, in terms of our established lightening strategy, I think it is better to delay it for a while. Slow down, let’s talk about the trend in the afternoon and the trend tomorrow morning.”

"Regardless of whether the large-scale replenishment of this wave of main funds can create a new round of continuous profit-making effect in the market after the negative landing, but there will definitely be a short-term rebound. Among them, find a relatively better selling point, so as to reduce the net value retracement of our fund."

"Well, what you said makes sense." After listening to Yu Lei's analysis, Liu Guanhai nodded in agreement, "The index opened so much lower in early trading, but after a wave of losses, it continued to rise, which is enough to prove today's buying With a strong attitude in the market, so... When the market liquidity is gradually recovering and relatively abundant, we naturally don’t need to rush to sell chips, and cut all positions at low positions.”

"How about this……"

Liu Guanhai pondered carefully for a while, paused, and continued: "There is a lack of liquidity on the market, and there is still no sign of a rebound in today's intraday holdings. If they continue to decrease, they will decrease. Liquidity is abundant, and today's intraday rebound is strong. And the net inflow of main funds into stocks with obvious positions, we will suspend the pace of reducing positions and see the continuity of the market in the afternoon."

"In short, while fully considering the trading risks, we must also respect the existing trend results reflected by the market."

"Regardless of whether it is a short-term rebound today after the market is negative, or the starting point of a new round of long market, it is always right for us to simplify the target positions and keep eliminating the weak and retaining the strong."

"Okay!" Yu Lei responded, "I'll arrange it immediately."

After finishing speaking, Yu Lei looked at the traders in the trading room who had already finished their meal and returned to work, and quickly began to arrange the trading tasks for the afternoon.

Similarly, at this time, another trading room of the same company.

In the trading room of the 'Yinghui No. 2' fund product, the fund manager Shao Xiaoyun looked at the market performance that had been fixed in the morning, and basically had the same hesitant thoughts as Liu Guanhai in his heart: "If it is weak or not, it is strong; if it is strong or not, it is strong." Weak, the market trend this morning is indeed somewhat beyond expectations."

Speaking of this, Shao Xiaoyun pondered for a while, then turned to look at the trading team leader Liu Changling, and asked, "Changling, what do you think? What do you think about the market trend this morning?"

Liu Changling pondered for a moment, then responded: "Whether it's news or emotions, this morning's trend must have deviated from the market's expected direction. From the point of view of whether it is strong or not, today’s market trend and the strength of the main capital attack on the market have obviously exceeded everyone’s expectations, and it can be regarded as a fairly powerful counterattack trend.”

"Then do you think this is the starting point of a new round of market, or a relay rebound in a downward trend?" Shao Xiaoyun continued to ask, "Do you think we... need to adjust our previous trading strategy? We still have a lot of positions If it has not been reduced to the specified position, should the sea continue to be reduced?"

Liu Changling responded: "It's really hard to say whether it is a new starting point for the market, or a relay rebound in a downward trend. It depends on the continuity of the market in the afternoon or tomorrow, especially if the 'Beixin Road Bridge, Beixin The trend of these two first-line leading stocks of Jiangjiao Construction, which is highly concerned by the market, can be completely reversed, and if there is a second wave of relay hype, then the entire market may really come alive."

"As for the trading strategy under the current market..."

"I think we should not rush to change before the market clearly comes out, and turn from defense to offense. We can just slow down the pace of lightening up positions appropriately, and watch the market's next reaction before making an important trading strategy change. .”

Shao Xiaoyun thought for a while and said, "According to what you mean, we should just be on the sidelines for the time being?"

Liu Changling nodded, and replied: "It's about the same. The current overall position of our fund is still around 60%. In fact, the position is not low. When the market trend is still uncertain, it is really inappropriate to increase the position. At the same time... in view of the unexpected rebound trend of the market, we are not good at this level, and then follow the previous trading strategy to carry out large-scale sell-offs and lose low-level bargaining chips for no reason, so waiting and watching is a better choice at this moment."

"Well, it makes sense." After listening to Liu Changling's analysis, Shao Xiaoyun finally fixed his eyes on the two stocks of 'Beixin Road and Bridge and Beijiang Communication Construction' in the market, and said expectantly, "I hope that in the afternoon, 'Beixin Road and Bridge and Beijiang Communication Construction' These two first-line popular leaders can really completely reverse the previous decline, and then condense the effect of making money."

After finishing speaking, Shao Xiaoyun smiled, and said again: "Since the market trend does not change as expected, and the selling point and buying point are not so obvious at present, then as you said, let's wait and see first!"

"Okay!" Liu Changling responded and stopped talking.

And at this time, when major asset management institutions were surprised by today's market trend and made different trading strategy changes.

At this time, the hot money who are the most active group of investors in the market has another attitude.

I saw that in the Yuhang main hot money group where Su Yu was, the discussion news at noon had been refreshed rapidly in the group.

"This morning's wave bottomed out and rebounded, and it went really beautifully. Even the stock of 'Beixin Road and Bridge', which had a huge order and blocked the limit, almost went to the sky."

"I have to say, at the moment after 10 o'clock in the morning, the main force pulling the market is really awesome!"

"Indeed, the bearishness has landed, and the short sentiment in the market seems to be extremely heavy, but the large-scale potential selling in the market has reached a low level."

"Smart funds run away before the profit falls."

"Because too many smart and big funds in the market fled before the bad news landed, after the bad news landed, the upward pressure on the market was much lighter than before the bad news landed."

"Another point is that last week, the Shanghai stock index plummeted continuously, and the decline was large enough within two or three days. To a certain extent, while reflecting the bearishness, some short-term oversolds were obviously oversold. This is the room for the market to bottom out and rebound today. ?”

"There are also several reasons listed in the IPO New Deal, which are slightly stronger than the market generally expects."

"No matter what the reason, the market has rebounded, and the result has already appeared, so don't go into the reason, but think about how the market will change in the afternoon?"

"The market in the afternoon should have a high probability of continuing the rebound in the morning!"

"Yes, looking at the market trend in the morning, from 10 o'clock to 11:30 noon when the market closes, the two cities can increase their time-sharing volume. Although the volume is not very high, the willingness and strength of the main funds to buy bottoms are quite firm. , I think the market continues to rebound in the afternoon, and there is no problem."

"Indeed, looking at the market's main capital flow in the morning, the strength of the buying is indeed quite firm."

"As far as this position is concerned, no matter what aspect it is, there should be a rebound."

"It doesn't matter whether it rebounds or reverses, as long as there is a convergence of money-making effects."

"If you want to make a market today, I feel that you still have to look for opportunities on the two core main lines of 'infrastructure' and 'state-owned enterprise reform'. After all, judging from the situation in the morning, whether it is the amount of energy with the largest net inflow of main funds or the majority of retail investors The degree of attention is the most in the direction of these two core main lines."

"Well, there is no doubt that the two core themes of 'infrastructure' and 'state-owned enterprise reform' are still the core areas of unshakable market hype."

"The strong are always strong. It seems that the two main lines of 'infrastructure' and 'state-owned enterprise reform' are not so easy to end."

"At least in the real estate sector, it's already a bit of a turnaround to leave in the morning."

"Real estate is really strong. I really didn't expect Kumho Group to raise the limit in such a breath."

"It's all due to the 'Kumho Group' detonating anti-contracting expectations and sentiments in the real estate sector, otherwise the real estate sector may not be able to go so strong."

"Speaking of which, the two leading stocks of 'Beixin Road and Bridge and Beijiang Communication Construction' are also expected to be reversed today!"

"'Beixin Road Bridge' is only 2 or 3 points away from the ground floor."

"In today's market, will there be a floor trend?"

"I feel that there must be, and it must be the check of 'Beixin Road Bridge'. After all, the mood has been pulled here in the morning. If the check is weak in the afternoon, the market rebound will not make people feel at ease."

"Hey, it's a pity that in the early trading, I hesitated. I didn't dare to buy the 'Beixin Road Bridge' check on the limit board. It's really a big loss."

"It's not just a big loss, it's a blood loss!"

"Like this kind of leading stock, in fact, the price limit has been dropped several times in a row, and the intermediate chips are completely out of stock. Once the limit is opened, it can be done in a wave."

"No one would have thought that the market would suddenly become stronger!"

"Indeed, if you don't analyze it after the fact, just look at the market trend in the early trading. Even if the market does not continue to plummet today, there is a high probability that it will fluctuate sideways at a low level. After all, the market was able to increase in time and shrink Seriously, and both on and off the field, regardless of financial attack performance or emotions, are inclined to be cautious."

"That's true, but...it's not too late to react now, right?"

"It's hard to say now. Participating in the position of Beixin Road and Bridge is not cost-effective. Even if the floor of Beixin Road and Bridge has a daily limit today, under the influence of such a large range of intraday profits, there will not be much premium tomorrow. I worked hard to rush in. It’s not worth it to take risks and earn 4 or 5 points!”

"If you want to follow the trend at this time, the first choice will definitely not be Beixin Road and Bridge, which has risen a lot. At this time, buying Beijiang Communication Construction is much more reliable than buying Beixin Road and Bridge."

"Comparatively speaking, at this time, there is no momentum yet, but the market has certain memories and impressions of second-tier popular stocks, which are more speculative and hype-worthy, such as Shibei High-tech, Shanghai Steel Union, Yukai Development, China Fortune Land Development...etc. Wait."

"Speaking of 'Shanghai Steel Union', today's check for 'Oriental Fortune' has a daily limit so hard to understand!"

"I can't understand it either. This check is usually heavy and not easy to raise the limit. I don't know what went crazy today. The trend is abnormal, and I don't seem to have heard of it. There are rumors about this stock on the market news. Great news, or good news about the direction of 'Internet finance'."

"It won't increase the limit for no reason. I guess the news hasn't spread yet!"

"Hey... If the logic behind the stock's daily limit of 'Oriental Fortune' is really in the direction of 'Internet Finance', if there is any new big positive stimulus, then Shanghai Steel Union, an outdated old stock that has not yet gained momentum The dragon head is really promising, it's worth a stir, and with 'Oriental Fortune' standing in front of it, it shouldn't take much effort to pull the check."

"Why don't you give it a try?"

"Try it!"

When everyone in the group had heated discussions and expressed their personal opinions one after another...

The short one-and-a-half-hour lunch break passed in a flash, and the time pointer passed 1:1 p.m., and the two cities ushered in the official continuous auction trading time.

I saw the stagnant disks of the two cities, and just started to jump, and the Shanghai stock index immediately burst upwards.

At the same time, 'infrastructure', 'reform of state-owned enterprises', 'Shanghai Free Trade Zone', 'Internet Finance', 'film and television media' and other popular mainline areas that performed strongly in the morning have also been subject to more criticism from various quarters in an instant. Funds rushed to chase after it, and the core popular stock 'Beixin Road Bridge' also rushed to the daily limit price at a lightning speed, attracting the attention of the majority of investors who paid close attention to this stock.