The investment era of rebirth

"It doesn't make sense!" Su Yu stared at the rapidly changing markets of the two markets that had entered the real call auction session, frowned, and said in secret, "In the direction of the small and medium-sized board and the ChiNext board, the line of 'growth stocks' is obvious. I can’t support the whole market’s market breakthrough, at this moment, these buying funds are pouring into this line, what’s the reason?”

In his view, in the direction of the SME board and ChiNext, the line of "growth stocks" does not have a logical basis for speculation at all. It is really strange that it is so strange now.

Of course, what is more critical is what is shown on the disk.

Surprisingly, there is a lot of funds, and they are investing in the core stocks of the popular main line concept sectors such as 'infrastructure' and 'military industry' in the early stage.

"Master, the changes in the market are indeed shifting in the direction of the 'growth stocks' of the small and medium-sized board and the GEM!" Su Yu was secretly puzzled, and Liu Yuan, who had been thinking for a long time, reported again, "We need to make some adjustments to the market at this moment. Is it appropriate to maintain the strong state of call auctions for core stocks in the early popular main lines such as 'infrastructure' and 'military industry'? I am worried... Once the active funds on the market are released from the popular main lines of 'infrastructure' and 'military industry' in the early stage Evacuate."

"Accompanied by the line of 'film and television media', the hype sentiment of medium and small-cap stocks in the market is stimulated."

"If the market style completely turns to the direction of 'growth stocks' on the GEM, 'infrastructure', 'military industry' and other popular main line areas in the early stage, I am afraid that they will lose the attention of active funds, and the support of the market will be weaker. And at that time, 'Infrastructure' and 'Military Industry', which are popular in the early stage, should inevitably enter the adjustment stage, and there will be no breakthrough market trends for the time being."

"Well, I think what A Yuan said makes sense." Li Meng pondered for a moment, and responded, "There are only so many active capital groups in the market and incremental funds, which cannot support a comprehensive market explosion. If we don't take the initiative to guide On the disk, we will continue to make money and invest in and hype the main areas of our funds, such as 'infrastructure' and 'military industry', and then compete for the liquidity of the market. Passive."

Su Yu didn't respond immediately when he heard what the two said, but looked at Zhang Guobing who had spoken before, and asked, "Guobing, what do you think?"

Zhang Guobing saw Su Yu's active inquiry, pondered for about 10 seconds, and responded: "I think...you can wait a little longer and observe."

"Oh?" Su Yu said with a smile, "What's the reason?"

Zhang Guobing thought for a while, organized his language, and replied: "First, according to everyone's previous opinions, we all believe that the market has not yet reached the time for a real breakthrough. The hype created by this line was temporarily transferred to the line of "growth stocks" on the small and medium-sized board and the gem, and it should be difficult to form a substantial breakthrough trend, driving the market to completely stabilize at 2300 points."

"Secondly, the line of 'growth stocks' on the small and medium-sized board and the GEM lacks the underlying logic support for continuous speculation."

"Without the underlying logical support of continuous hype, it will be quite difficult for market funds to form synergy and consensus expectations in this direction."

"Third, the line of 'growth stocks' on the small and medium-sized board and the ChiNext board, when the core main lines of 'infrastructure', 'military industry', and 'Internet finance' continued to rise and fluctuate in the early stage, it obviously lagged behind the market. What is oversold, now under the hype sentiment played by the "film and television media", this line is supported by short-term sentiment, and there is also a certain oversold rebound expectation."

"Fourth, our fund's heavy holdings of 'infrastructure', 'military industry', 'Internet finance' and other popular core stocks in the early stage have led the market's rebound trend for a long time in terms of trend. There are not a lot of bargaining chips. Now that the line of "film and television media" has exploded, and the main line of "growth stocks" on the small and medium-sized board and the ChiNext board has begun to appear oversold and rebounded, the profit margins have intensified and they are chasing new hot spots. It’s also a normal thing.”

"Under these factors..."

Zhang Guobing paused, then looked at the changes in the two markets, and continued: "We remain patient, hold positions calmly, and wait for the expected completion of the 'oversold rebound' of the line of 'growth stocks' on the small and medium-sized board and the ChiNext board. Wait until the profit margins on the popular mainlines such as 'infrastructure' and 'military industry' are further cleared, and wait for the final adjustment of the Shanghai Stock Exchange Index at 2300 points to be completed. And the main line of the logic of future expectations should be much more effective than it is now."

"Well!" Su Yu nodded slightly after listening to Zhang Guobing's analysis, "Market changes are like a big river, which can only be guided in a timely manner and cannot be blocked. The line of 'growth stocks' on the small and medium-sized board and the GEM, currently, is in the ' Driven by the emotion of the film and television media' this line, there is indeed an expectation of an 'oversold rebound', and that's the case... then let's take a look and wait for the reaction of this expected hype sentiment to complete."

"Actually, the emotion in the line of 'film and television media' has been intensified, resulting in the overflow of follow-up funds in this line, and the full divergence in the direction of 'growth stocks' on the small and medium-sized boards and the GEM, which is also caused by ourselves." Zhang Guobing saw that Su Yu agreed. I am very happy with my own analysis point of view, smiling authentically.

Su Yu thought for a while, then understood what he meant, smiled, and responded: "That's true!"

In the trading room, where everyone is analyzing and discussing, the market trading time has been moved to 9:25, and the call auction of the two cities has ended.

I saw that after a complete 10-minute call auction.

As expected by the majority of investors before the market, the Shanghai Index opened higher at the 2300-point mark and was fixed at 2301.78 points, up 0.49%. The index opened even higher at a gain of 0.83%.

Among them, there were nearly 2000 stocks in the two cities, and the number of stocks that opened higher in the red market reached nearly 1500.

Fiery investment sentiment can be seen in general.

As for the performance of various industry sectors in the two cities, popular main lines, and popular concept stocks that are highly concerned by market investors.

The "film and television media" industry sector, which was directly stimulated by the heavy positive news, continued to lead all industry sectors in the two cities. There are about 2.5 stocks with an increase of more than 10%.

Then, due to the direct emotion of the explosion of the 'film and television media' sector.

In the field of "growth stocks" concept mainly composed of small and medium-sized boards and ChiNext stocks, all the main lines and core concept stocks have performed quite well, such as the two main lines of "mobile Internet" and "smart phone industry chain" A group of concept sectors and concept stocks in the field opened higher and the increase exceeded the increase of the ChiNext Index.

On the contrary, they performed well in the early stage. At the end of yesterday, the popular core lines such as 'infrastructure', 'military industry', and 'Internet finance' performed equally well. At this moment, there is an obvious weak form. , not only opened higher, approached nothing, and seriously lagged behind the performance of the broader market index, but also showed a clear net outflow of funds during the entire call auction stage.

In addition to these main line fields and conceptual stock fields that are currently receiving high attention.

Other unpopular mainline fields such as 'traditional finance', 'consumption', 'medicine', 'non-ferrous metals', 'coal', 'petrochemical industry', 'agriculture and animal husbandry', etc., which have received less attention, basically follow the trend The trend of the market fluctuates, and there is neither independent trend sign nor obvious sign of main capital attention.

Facing such an opening situation...

Investors in the entire market are mostly happy and excited.

After all, the Shanghai stock index has finally reached the 2300-point level of psychological pressure after continuous shocks in the early stage. At the same time, the line of "film and television media" is also perfectly assisted by the full support of the "Wealth Road" slaughter list. The continuous profit-making effect, and... Correspondingly, a group of medium and small-cap concept stocks also showed a strong rebound trend in the call auction trend.

"Haha, the stock index has finally passed the 2300 mark!"

After the call auction in the two cities ended, during the short 5-minute suspension period, in the eyes of countless investors who were paying attention to the market, someone uttered a voice of excitement.

"I didn't say anything, the market will definitely open higher and move higher today, starting with a 2% increase."

"As I said a long time ago, 2300 points will definitely not be able to stop the Shanghai Stock Exchange Index. Now that this mark has been successfully won, the follow-up... depends on 2400 points, right?"

"Necessary, but today's main market should not be on the main board, but on the gem and small and medium boards, right?"

"Looking at the entire process of call auctions, the performance of the constituent stocks on the GEM and the small and medium-sized boards is indeed significantly stronger than that of the blue-chip large-cap stocks on the main board."

"Nonsense, with the help of such a bursting market trend in the line of 'film and television media', the short-term main market must be biased towards the GEM and the small and medium-sized board."

"So, at the end of yesterday's session, it was wrong to chase after the 'infrastructure' field?"

"It's not a mistake. Anyway, the overall market trend is not bad. Buying in the wrong direction of the main line is just a matter of earning more and earning less."

"That's true, but it's still a matter of following the main trend of the market and earning faster."

"It's absolutely true to rely on the line of 'film and television media', but it's a pity that today, the new holdings of Mr. Su's 'Wealth Road' basically all have their daily limit. It's not easy to buy some chips."

"LeTV, Guangguang Media, and Huayi Brothers have a relatively large circulation of checks. I feel that the daily limit should not be sealed. There should be a chance to buy today."

"Looking at the closing strength of the collective bidding stage, Huace Film and Television is still the strongest!"

"Indeed, this check fund is the most consistent."

"The two checks of Huace Film and Television and Ciwen Media are definitely not available today. Let's see the strength of the third board tomorrow. The strongest concept leading stocks in the field of 'film and television media' should come from these two stocks."

"Actually, if you can't buy core stocks in the line of 'film and television media', it's also good to buy low-priced early-stage popular growth stocks, such as Netspeed Technology, Changqu Technology, Huaqingbao, etc., and I feel that they are all adjusted in place. , and today’s call auction, the trend of this group of stocks is really good.”

"In terms of technical trends, these growth stocks do seem to be showing signs of bottoming out, but in terms of performance in the middle of the year, that is, in terms of fundamentals, it seems that it is not very clear. Many growth stocks may have a thunderstorm in the mid-term performance, and The attention of the main funds of these tickets is still not enough.”

"You can try to build a bottom warehouse first, it is a good choice after all."

"It makes sense, what the hell... President Su's 'Fortune Road' has been heavily involved, no matter what the main line is, just one word, 'do it'!"

During the intense and exciting discussions among the broad investor groups.

At this time, within the group of major capital institutions, everyone has their own calculations and plans in the face of the opening scene of the market and the specific signs of market changes.

Among them, Shenzhen Pingyin Asset Management Center, Fund Trading Department.

Liu Ziliang, the general manager of the asset management business, stared at the end of the call auction and the official opening of the two markets, and smiled lightly. He was quite surprised by the opening performance of the market, and said: "I really didn't expect the market trend. Driven by the emotion of the line of 'film and television media', it shifted to the field of 'growth stocks' in the direction of the small and medium-sized board and the ChiNext board."

"If i remember correctly……"

Liu Ziliang's eyes were sharp, he paused for a moment, and then said: "The funds of the 'Yuhang Department', the core holdings, should be in the main line of 'big infrastructure', right?"

Standing beside Liu Ziliang, Chen Shen, the main fund manager of Pingyin Asset Management and Trading Department, nodded and said, "According to the buying trend of the 'Yuhang Department' in the market in the early stage, and the 'Fortune Road' on the Dragon and Tiger List Observing the historical buying data on the Internet, the core holdings of the funds of the 'Yuhang Department' are indeed in the main line of 'big infrastructure'."

"Yeah!" Liu Ziliang nodded, and the smile on his face became brighter and brighter, "If you say that... this President Su of the 'Yuhang Department' can be regarded as taking advantage of his seat this time to lift a stone and smash his own." It's over, tell me...if the market's subsequent market style is really one-sided in the direction of "growth stocks" on the small and medium-sized boards and gems, what will happen to the funds of the "Yuhang Department"?"

Chen Shen pondered for a moment, and responded: "If the next market situation is really one-sided in the direction of the "growth stocks" of the small and medium-sized boards and the GEM, and the situation of "weak Shanghai and strong deep" continues to form, then the "Yuhang Department" stocks will Funds, it is very likely that the main force of the market will be short."

"That's it!" Liu Ziliang nodded slightly, "The 'Yuhang System' has tens of billions of funds heavily invested in the market, and it is already a difficult situation for the ship to turn around."

Seeing that Liu Ziliang's eyes were getting sharper, Chen Shen couldn't help asking, "Mr. Liu, what do you want to do?"