The investment era of rebirth

In the evening, the trend of the external market continued the rebound of last Friday, showing a beautiful counter-offensive market.

Thanks to the good trend of the external market, the overall investment sentiment in the domestic financial trading market also continued to rise at night and in the pre-market stage of the second day. The scene at the 2300 point mark.

Even, the main field of 'film and television media' which is directly stimulated by favorable conditions.

Among them, a group of "Wealth Road" newly added buying concept stocks, in the midst of heated discussions among the majority of retail investors, and in everyone's minds and expectations, it is already a grand occasion for the collective daily limit.

"The market sentiment is reacting, it feels a little overheated!"

At around 8:50 in the morning, inside Yuhang Investment Company, which was preparing for pre-market trading, in the trading room of the main fund, Wang Can observed the discussion areas of the major retail investors gathering platforms in the market, and turned to Su Yu and asked, "Boss, If the Shanghai stock index directly opens higher than 2300 points, according to this market sentiment and expectations, can it be stabilized?"

Hearing Wang Can's question, Su Yu didn't answer directly, but turned his head to look at the other trading team leaders and core traders in the trading room, and asked, "What do you think?"

After pondering for a while, Liu Yuan, the leader of the second trading team, was the first to answer: "Didn't Master say that before? The index has limited room for adjustment here, but the time for adjustment is still slightly insufficient, and the bargaining chip structure on the floor has not been reorganized." Completed, and the main funds of all parties in the market also have differences in the direction of the breakthrough. At the same time, the hesitant profit taking and lightly locked-in chips in the market have not been cleared. In this case... the stock index directly opened higher Standing above 2300 points, without sufficient incremental capital support, it should be difficult to stand firm."

"As for sufficient incremental funding..."

"This can only accumulate slowly as the market continues to make money and the bullish sentiment continues to ferment, and it cannot achieve the effect of rapid surge."

"So, I think the index is at the current time point and trend."

"It is still quite difficult to fully stand at the 2300 point and achieve an effective breakthrough."

"Moreover, I think the short-term overheating of the market is not a good thing. On the contrary, it may form a short-term intraday high point and a huge divergence point between long and short, which will increase and deepen the intensity and time of market adjustment."

"Yeah!" Su Yu nodded slightly, "There is some truth."

"I agree with Team Leader Liu's analysis." Zhao Lijun, who was sitting next to Wang Can, was the second to respond, "It is not difficult for the stock index to temporarily break through 2300 points, but the difficulty is to stand firmly."

"Actually, I don't think we need to pay too much attention to the rise and fall of the index and the gains and losses of key points at this stage." Zhu Tianyang responded thirdly, "No matter what the trend of the Shanghai Index is around 2300 points in the short term, at least the big In the direction of the market, there is still limited room for downward adjustment, while the upward direction has sufficient expectations and momentum.”

"As long as this basic expectation and investment logic do not change, it will be a matter of time before the index stands firm at 2300 points and opens up to a higher space."

"Since it is in a big direction, the concept of an index breakthrough is great."

"Then, when it comes to our trading operations, we only need to hold on to the main line, hold on to the key high-quality bargaining chips of the main line, and wait for changes."

"Tianyang is right." At this time, Zhang Guobing also responded, "But I think it is too passive to wait for changes. According to what President Su said before, we should take advantage of the bargaining chips in our hands and our strengths. The advantage of capital volume is to guide the market and guide the market to break through at the right time, and only in this way can we always grasp the initiative and not be led away by changes in the market.”

"President Li, what do you think?" Su Yu finally looked at Li Meng after listening to everyone's opinions.

Li Meng glanced at him, and responded: "It's right to focus less on the index and more on individual stocks. What you said is also reasonable, but I'm worried... the current positions of several funds under our company in the same direction The weight is too high, and it is not a balanced position. In such a situation, once the market trend in our expected main heavy position direction is seriously lower than expected, and at the same time the market has made breakthroughs in other directions, what should we do?"

The larger the amount of funds, the greater the restrictions on transactions, and the more difficult it is to adjust positions.

At present, the company's main funds and core holdings are all in the two directions of 'big infrastructure' and 'military industry', and the rest are in the directions of 'Internet Finance', 'Film and Television Media', 'Mobile Internet' and 'Smartphone Industry Chain' , the position weight is relatively not high. If the market is driven by the line of 'film and television media', it will make breakthroughs in the two directions of 'mobile Internet' and 'smart phone industry chain'.

If the market forms a continuous pattern in which Shanghai is weak and Shenzhen is strong, then they are very likely to miss the market outlook on a large scale.

Although this kind of change in the market direction is a small probability event in Su Yu's analysis, he is not afraid of [-] in everything, but just in case. Even if it is a small probability event, Li Meng believes that he has to guard against it.

After all, if you don't predict and prepare in advance.

Once such a small-probability event happens, with such a heavy position and a huge amount of funds, it will be too late for them to catch up with the market and make a comprehensive position adjustment action.

This is also the main institution of many domestic large funds, in the evolution of market conditions.

Usually the market can only be made in one direction, the reason for sticking to it and carrying it to death.

In the eyes of many retail investors, this is a stupid behavior. It is not because the fund managers of the main institutions are really stupid. Left and right, there is simply no way to do it in time.

Su Yu pondered for a moment, and responded: "Now our fund positions and layout direction are basically a foregone conclusion, and there is no way to turn around."

"If what you said really happened..."

"The market is in the same direction, and it is not in the main line of our current focus."

"Then what we can do is to use the available funds in our hands and the influence of our trading seats to guide the market as much as possible and stimulate market sentiment, so as to compete for market liquidity and guide the market's mainline market step by step. We have reached the main line of our main position layout."

"Other than that... there is no other way!"

"Of course, this kind of market-making method that guides the direction of the market."

"The premise must also be the core main line of our layout, with hype logic and future expectations, and all fundamental logics have not been reversed, and there must be sufficient hype and investment factors."

"If there is no such big basic condition, and the core areas of the main line of our layout, there are indeed unexpected major bad news, or other factors that can change the fundamentals of the main line investment, then no matter how reluctant we are, we can only stop the loss and exit. You must never be nostalgic or carry it to death."

"Market investment, financial transactions, nothing is 100% accurate."

"What we can do is to do our best to make the market based on our own cognition and judgment, be responsible to ourselves, to the accounts and funds in our hands, and to the investors who trust us. It is enough, as for the final profit or loss, the amount of profit and the amount of loss, it can only be judged by the market.”

"En!" After Su Yu finished speaking, everyone in the trading room nodded in response.

Everyone deeply agrees with Su Yu's statement in their hearts, and even has some feelings to some extent.

And as everyone analyzed and communicated about the market trend based on the sentiment before the market, at this time, the time had slipped to 9:15 in the morning.

I saw that the stagnant market began to beat in an instant while the entire market investor group was focused on it.

Among them, the field of "film and television media" that has attracted much attention from market investors, especially LeTV, Huayi Brothers, Guangguang Media, Wentou Holdings, Yanjing Culture, Huace Film and Television, Ciwen Media... For a group of leading stocks, their stock prices have changed from yesterday's closing price to the daily limit price in just one second. As expected by the majority of retail investors before the market, there has been a collective daily limit. grand occasion.

"Boss, the stocks we bought yesterday, especially the stocks that appeared on the Dragon and Tiger List, have collectively reached their daily limit." At 9:15, after seeing the changes in the entire market, the trading room, Wang Can smiled and said, "The line of 'film and television media' seems to be in a wave of daily limit again today. This main line is good for the impact. It is estimated that there will be no three or five trading days, and it will not be slowed down."

"The line of 'film and television media' is powerful." While Wang Can was speaking, Zhao Lijun also said, "It's just the popular main lines of our core layout in the early stage of 'infrastructure', 'military industry', and 'Internet finance'. The call auction scene shown here is weaker than what we expected before the market, and it also failed to continue the trend in the late trading yesterday.

"This should be caused by the siphon of funds from the popular main line of 'film and television media'?" Zhu Tianyang focused his eyes on the market, and followed Zhao Lijun's words, "The current market has limited incremental funds and active funds, which cannot cover the entire market. Anticipation and speculation of all the main market trends can only flow in the direction of the main line with the most profitable effect. After the official opening, the "film and television media" line will overflow with follow-up buying funds, and the "infrastructure" and "military industry" ', 'Internet Finance' these few early popular main line market will have some movement, after all, the current entire market, in addition to the 'film and television media' line, or 'infrastructure', 'military industry', 'Internet Finance' this line The hype expectations and investment expectations of several lines are the strongest."

"Hey, that's not right!" Just as Zhu Tianyang finished speaking, at 9:16, Zhang Guobing's sharp eyes flickered as he stared at the changes in the board, and hurriedly responded, "If the funds caused by the line of 'film and television media' If there is a siphon effect, then the current entire market, other industry sectors and mainline fields will more or less show a situation similar to the lines of 'infrastructure', 'military industry', and 'Internet finance', that is, active buying is sluggish, selling The disk has increased dramatically."

"However……"

Zhang Guobing paused, and continued: "The two main lines of 'mobile Internet' and 'smart phone industry chain' with the SME board and the GEM as the core, as well as a large number of low-end small and medium-cap 'growth stocks' have no such This kind of situation happened, and not only did it not happen, but with the extremely hot follow-up sentiment inspired by the market of "film and television media", the active buying of related concept stocks in these fields is still in the same sharp increase."

"In addition, the overall market value of the line of 'film and television media' is not large, even if we want to maintain the daily limit of many stocks related to the main business of 'film and television', it will not be able to consume the active funds and incremental follow-up funds of the entire market. "

"So I think……"

"Judging from the market situation at the beginning of the market call auction, the active funds and main funds of all parties in the market are obviously biased towards the "growth stocks" route of the small and medium-sized board and the ChiNext board for hype and layout signs."

"Hmm!" Hearing Zhang Guobing's words, Liu Yuan carefully observed the development of call auctions on the main lines of the market, and responded, "I agree, master... the initial trend of call auctions in the entire market does have a clear bias towards small and medium-sized boards, The signs of the GEM, but we don’t know whether this sign is intentional by the main funds in the market, or it is purely caused by the natural joint efforts of various funds in the market.”

"In the line of 'growth stocks' on the small and medium-sized board and the GEM, except for the 'film and television media' sector that is directly stimulated by the heavy gains, other sectors such as 'mobile games', 'mobile Internet', and 'smartphone industry chain'... The direction of the main line of the concept should not have a strong hype logic and investment logic at present, right?" At this time, Li Meng also discovered the abnormal situation in the changes in the two markets, pondered for a moment, and said, "And,' For the line of growth stocks, the current mid-term performance of many growth stocks has not been fulfilled, and the overall adjustment has not been touched in terms of technical trends. At this time, various funds in the market are forming a joint force in this direction, which always feels inappropriate. "

Seeing that the time has not yet reached 9:20, that is, the two cities have not yet entered the real market call auction, Su Yu pondered for a moment, and responded with a smile: "Don't rush to draw conclusions, let's see, whether it is the market or not Heli, or a certain main force in the field intends to guide it, we at this time... have a way to deal with it!"

After finishing speaking, Su Yu once again turned his attention to the first-tier sectors of the small and medium-sized board and the GEM "growth stocks".

Then, during the passage of trading time, it quickly compared with the main trend of the company's main funds of "infrastructure", "military industry" and "Internet finance".

I saw that with the passage of trading time, the active buying volume and the active selling volume between the two changed, and it turned out to be in the opposite direction, that is, the apparent flow of market funds has been smashing "infrastructure" and "infrastructure". "Military industry" and "Internet finance" are the main lines, and many hot growth stocks are quickly pouring into the "growth stocks" line of the small and medium-sized board and the ChiNext board.

Just when Su Yu thought that most of these were false pending orders and disk illusions.

When the market trading time skipped 9:20 and entered the real call auction trading session, the overall style of this market trend turned, not only did not weaken, but became more and more obvious.

At the same time, Su Yu was facing the obvious 'Shanghai weak and deep strong' form in the market at this time.

For no reason, I suddenly felt a sense of crisis!