The investment era of rebirth

Chapter 432 Fear the market!

Su Yu nodded slightly and said: "In the market, news leaks cannot be avoided, and there are always some funds with sensitive news channels that will act in advance."

Li Meng nodded and said: "Indeed, there is no impenetrable wall in the world!"

"But it doesn't matter." Su Yu smiled and said, "The reform of military industrial enterprises, as well as the securitization of military industrial enterprises, are all macro-oriented strategies, which have limited short-term positive stimulus for the stocks of many military industrial enterprises. At this moment, the market is in a unilateral adjustment trend, the sentiment of the market bulls is quite low, and the market investment confidence is also very sluggish. In this case... this benefit in the military industry field is very difficult to leverage the market sentiment and hit the main line of the field The market is continuous, so even though our news channels are relatively backward, there is still plenty of time and opportunity to build a position and get chips, so don’t worry too much.”

When Li Meng heard Su Yu's words, he was slightly surprised and said, "You mean that even if the 'military industry' line has favorable incentives, it will be difficult to get out of the independent market?"

"That's for sure." Su Yu said, "How can it be so easy to change the expected trend of consistent bearishness?"

"If this is the case, it will be very beneficial to us who have a serious shortage of positions in this direction." Li Meng said, "According to your previous judgment, is this a sign of the main market in the future? And... our new The established 'Yuhang No. 3' main fund should be able to properly build positions, right?"

"This change in the news is not enough to leverage the entire market trend and restore the market's investment confidence and long sentiment." Su Yu said, "This is still far away from the turning point of the market and the main market opportunity I mentioned before, but In view of our actual position in the field of 'military industry' and the huge capital scale of the 'Yuhang No. 3' fund, it is also possible to properly build a position in this position."

"Sold it yesterday, bought it today." Li Meng smiled and said, "We're going back on our word."

Su Yu spread his hands and said: "The trend has not changed, but the news has changed slightly. Now that we have some opportunities, it is normal for us to adjust our trading strategies and trading ideas. In the financial trading market , All trading strategies are originally adjusted dynamically according to changes in market conditions, emotions and news in various aspects, the so-called "seeking a sword in a boat" in the financial trading market, after all, there is only one way to fail."

"Alright then!" Li Meng replied, "I'll tell everyone."

After finishing speaking, she followed Su Yu's advice and issued the trading strategy they had just discussed to all the traders in the three trading teams that had been regrouped in the trading room.

"Military industry?" Liu Yuan was a little confused, and couldn't help but said, "Master, the market expectations for this sector are quite poor, and the fundamentals of the industry are seriously opaque, making it difficult to investigate and predict. In most cases, it is only under the stimulus of strong good news that the market can go for a period of time. At this time... are we not cautious enough to deploy this field?"

She knows the company's two main funds, and they have deployed in this field on a large scale before.

But in the end result, no huge profits could be reaped from this field, but many other investment opportunities were wasted.

Therefore, she is somewhat biased towards the layout of this field.

Of course, she believes that the field of 'military industry' is not an industry sector suitable for long-term investment. In other words, she believes that this field has only short-term hype value and no long-term investment value at all. This is determined by the attributes and characteristics of the industry , it does not depend on human will at all.

Similarly, in the market, countless main funds have been smashed in the field of military industry.

Factors such as the difficulty of predicting the news, the limited public disclosure of information in the industry, and the serious opacity of corporate performance are also crucial reasons.

Su Yu responded: "There have been changes in the news, and the logic of short-term hype has more or less been in place. In addition to the reasons you just mentioned, the military sector has been left out by the market for a long time. Regardless of the valuation and the future expectations of the investor group for this field, they have been hit to the bottom, which has given some impetus to the follow-up hype and expected differences.”

"And..."

Su Yu paused, then continued: "In the market, there are no stable so-called high-quality investment sectors and low-quality investment sectors. There are only differences in expectations for the future. When we speculate in stocks, we don't speculate on whether the fundamentals and performance of this stock are excellent or not. , but the value change reflected by the difference in future expectations, this is the fundamental and basic logic of profitability.”

"I also think that there is a lot of room for market flexibility in the military industry, and it's worth intervening." After Su Yu's analysis, Zhao Lijun replied, "I agree with what Mr. Su said just now. There is no distinction between stocks and industries. , There are only differences in expectations, which is the root of stock price changes and the basic logic of hype, and coincidentally... the field of "military industry" should be the field where the current market's future expectations differ, and huge deviations are very likely to occur."

"Is there anyone else who has a different opinion?" Seeing that no one else answered, Su Yu couldn't help asking.

Wang Can pondered for a while, then raised his hand and said, "Mr. Su, the market liquidity in the entire 'military industry' field is very limited. This kind of liquidity should not be able to handle such a large amount of capital intervention from our company."

"Buy as much as you can!" Su Yu said, "This is not the only field we need to deploy, but at the current stage, the direction of this field is the first to highlight the opportunity to open a position. In other fields, we also need Keep waiting, waiting for some new opportunities to come."

"Oh, I understand now." Wang Can responded and stopped talking.

"President Su, if we want to open a position in the 'military industry' field, how should we grasp our thinking?" Zhang Guobing, the trading team leader of 'Yuhang No. Said that the most violent change in the morning should be the 'China Airlines' stocks and the concept of 'military-civilian integration', we... If we want to open a position, do we need to move closer in two directions?"

Su Yu responded: "No, as long as it is a military concept stock of State-owned Assets Holdings, you can try to build a position and buy it. You don't have to chase hot spots and popular stocks that change frequently."

"Okay!" Zhang Guobing nodded, and then turned his gaze back to the computer interface.

"Do you not make any adjustments in other directions?" Liu Yuan paused, and then asked, "While building positions, keep the fund's dynamic position level unchanged, or keep the other directions unchanged and only increase the holdings of 'military industry'?" stocks in the field?"

Su Yu replied: "There is no need to change other directions, just increase the holdings of stocks in the 'military industry' field."

After continuously reducing positions in the early stage, now, the positions of the two main funds 'Yuhang No. 1' and 'Yuhang No. 2' have dropped to a safe range below 50%, so... even if you increase your holdings slowly Even if the market continues to fall more than expected for the concept stocks of 'military industry', the impact on the net worth of the two main funds will not be great, and the investment risk is still within the controllable range.

"Okay!" Liu Yuan responded without asking any more questions.

Su Yu thought for a while, and continued to remind: "For the line of 'military industry', it is enough to increase the position slowly. There is no need to chase the high and grab the chips. If the rise is too high, then wait a bit. There is no need to be impatient. At the same time... everyone Remember to avoid possible dragon and tiger rankings, I don’t want us to expose our seats and motivations during the initial position building period.”

"Understood!" Everyone responded in unison, and then began to log in to the account, ready to buy.

As the traders in the entire trading room were ready to buy, at this time, the market time had slipped to 1 o'clock in the afternoon without knowing it. After the two markets were suspended for an hour and a half, the official continuous Bidding transaction link.

I saw that after one and a half hours of emotional brewing and news fermenting at noon.

Just reopened, before the noon close, the "military industry" sector that changed in the last minute, instantly pulled up in a straight line. Within 1 minute, the lightning hit the daily limit.

And with the daily limit of these stocks driven...

At 1:01, the 'military industry' industry sector instantly became popular from the deep water, squeezed into the forefront of the two cities' growth lists, and ranked third in the two cities' industry sector growth lists.

At 1:02, the military industry sector index continued to rise.

At 1:05, only 5 minutes after the opening of the market, the military industry sector index rushed to the top of the industry sector growth list in the two cities.

At 1:11, the military industry sector led the gains in both cities.

At 1:15, after the "big finance" field, the "consumption" and "medicine" fields that changed frequently in the morning, especially the liquor and white goods concept sectors that were once sought after by various funds in the market, began to fall one after another, and the market was hot , fully transferred to the field of 'military industry'.

At 1:20, the military industry sector index rose by more than 1%.

At 1:25, after the increase of the military industry sector index once broke through to around 1.45%, the entire sector began to weaken and showed a significant downward trend.

At 1:32, the hotspots in the market once again showed the characteristics of being extremely scattered, and various safe-haven funds, speculative funds, and bottom-hunting funds attacked everywhere, either attacking the "big finance" field, or attacking the "consumption" and "medicine" fields, or speculative hype In the field of 'military industry', no matter which direction they attack, they cannot form a consistent joint force.

At 1:43, when various funds in the market were still unable to form a unified force, the entire market began to slide like an abyss again.

At 1:51, the decline in the Shanghai stock index expanded to 2.15%.

At 1:55, the decline in the real estate sector expanded to 3.5%, Kumho Group once again blocked the limit, and Gemdale Group, a mid-to-large-cap stock, broke through 7% for the first time in the session.

At 2:02, the index of the military industry sector shrank back to within 1% of the market's overall decline. At the same time...the stocks of the "China Airlines" that had been trading at a daily limit, as well as military concept stocks such as Hongdu Aviation and Yaxing Anchor Chain , There has been a trend of explosive boards one after another, and the enthusiasm for capital attacks in the entire "military industry" sector at the beginning of the afternoon is also fading at this moment.

At 2:09, the two cities plunged again, and the stock index fell by more than 2.3%, breaking through 2250 points again.

At 2:15, the Shanghai stock index refreshed its intraday low to 2244.79 points, and the intraday rebound trend of the entire market was all withdrawn at this moment.

At 2:22, except for the 'military industry' sector, the two cities were able to maintain a red market, and the rest of the industry sectors all fell underwater. Even the 'bank' sector, which was extremely strong in the morning, continued to decline at this moment. The popular component stocks also came under quite heavy selling pressure.

At 2:30, when the time entered the last half hour of late trading.

Several major indexes in the market, such as the Shanghai Stock Exchange Index, Shenzhen Index, and ChiNext Index, all hit new intraday lows, and the net outflow of main funds from the two cities totaled more than 100 billion, which can be described as extremely tragic.

At 2:35, the number of limit-down stocks in the two cities exceeded 40, and many popular stocks such as 'infrastructure', 'state-owned enterprise reform', and 'growth stocks' were almost all sealed on the limit-down board. High, the stocks that have been heavily hyped in the past two months, or the many low stocks that have been lying on the floor in the past two months, and have not received any dividends from the continuous rebound of the index, have all been heavily sold by the main funds .

At 2:43, a liquidity crisis began to appear in the two cities. Many unpopular stocks, in order to get out of the market as soon as possible, the main funds smashed the stock prices to the limit price by several million.

"Fuck, look at it like this, the index is going to be in place in one step!"

Seeing that the market continued to dive in the late trading stage, and there was a liquidity crisis. At this moment, in the magic city, inside Yinghui Fund Company, in the trading room of the 'Yinghui No. 1' fund, fund manager Liu Guanhai almost broke out in a cold sweat, and said with emotion: : "Fortunately, we didn't hesitate, and quickly reduced our position a lot of chips, otherwise this moment... probably won't be able to escape."

"Well!" Yu Lei, the head of the fund trading team, nodded slightly, and answered, "Indeed, fortunately, Mr. Liu saw the opportunity quickly, otherwise our 'Yinghui No. It is difficult to survive when the market liquidity begins to be obviously lacking.”

If they did not reach the relatively high point of yesterday's market rebound, they would significantly reduce their positions, which would quickly reduce the fund's holdings.

Faced with today's unilateral plunge, I'm afraid they will not have time to reduce their positions, and the net value of the fund will fall to the preset risk warning level.

in the financial trading market.

The so-called 'living long is far more important than earning a lot', Yu Lei at this moment really has a deep understanding.

"You still have to be in awe of the market!" Thinking of the previous aggressive operations, Liu Guanhai was frightened for a while, and continued, "I never imagined that the market would have such a unilateral slump due to lack of liquidity after the bearish landing. It’s time to go back to the time when the stock market crashed in the past!”

(End of this chapter)