The investment era of rebirth

Liu Ziliang chuckled, and said: "Since the market trend has given an opportunity in terms of the overall market change, then we should also let the funds of the 'Yuhang Department' experience what it means to be perfectly empty."

"President Liu means..." Chen Shen pondered for a moment, then responded, "We want to guide the market and make breakthroughs in the direction of the small and medium-sized boards and the GEM 'growth stocks', so as to avoid the 'big stocks' with heavy positions in the 'Yuhang series'. In the early stage of the main line fields such as infrastructure construction and military industry, we will take the initiative of market conditions in our own hands?"

Liu Ziliang nodded slightly, and asked: "Do you think that relying on changes in the current market conditions and changes in the direction of active capital flows, we will start from this aspect, formulate relevant trading strategies, and focus on the line of 'growth stocks' on the small and medium-sized board and the ChiNext board. How likely is it to be successful if we avoid the main line of the 'Yu Hang series', guide the main line of the market, and develop in depth into the line of 'growth stocks'?"

Chen Shen pondered for a while and replied: "Analysed from the logic of hype and expectations, the line of 'growth stocks' is obviously inferior to the main lines of 'infrastructure', 'military industry', and 'Internet finance' in the early stage. Judging from the current market hype sentiment and the follow-up effect of various funds, the line of "growth stocks" stimulated by the hype of "film and television media" is obviously stronger than that of "infrastructure", "military industry", and "Internet". Finance' and other early-stage mainline fields."

"If we can guide in a timely manner, continue the hype sentiment in this direction, and use the main line of hype of "film and television media", which has major positive stimulation, to maximize the hype space in the market, so as to deeply introduce market active funds into "growth" shares' line, it's not out of the question."

"certainly……"

Chen Shen paused for a moment, then continued: "In order to make the market trend and completely form a situation dominated by the "growth stocks" of the small and medium-sized board and the ChiNext board, the most important thing is that a huge amount of continuous incremental funds is required. , continue to guide in this direction, expand and diverge the continuous profit-making effect in this direction, and finally let the investor groups in the entire market form a consensus on this direction. "

"It's the same as the explosion of the two main lines of 'mobile Internet' and 'smartphone industry chain' last year."

"Only when the continuous money-making effect and the consistent expected consensus work at the same time, can we really open up the height of a mainline market and make the market complete the transformation of investment style."

"my suggestion is……"

Chen Shen thought about it carefully, and said cautiously: "If Mr. Liu insists on making a large-scale layout in this direction, guide the market's investment style to change in the direction of the small and medium-sized board and the ChiNext board, rob the market of active capital liquidity, and suppress' For Yuhang's capital holdings in early popular mainline fields such as 'infrastructure', 'military industry', and 'Internet finance', it is best to cooperate with several similar institutions with strong funds to work together, so that we can have a larger odds."

"After all, it is necessary to continue to guide the market, so that the majority of investors form a more consistent expectation in this direction."

"The amount of capital that needs to be invested is by no means sufficient."

"With this level of trading operations, it may be difficult for our institution alone to truly leverage the market and complete the transformation of the market style."

"Also, introducing other institutions to invest in this area can also share our investment risks."

"At the same time, it can also form a consistent interest expectation."

Hearing Chen Shen's analysis, Liu Ziliang thought it over for a while and found it very reasonable. Indeed, with the financial strength of their 'Pingyin Asset Management' alone, if they want to use the emotional flames of 'Film and Television Media' to move the market, Copying the actions of the "Yuhang Department" on the main line of "big infrastructure" in April and May to drive the market to complete the shift in investment style is still quite stressful, but if it is timely and synchronized with other institutions, the pressure will be much less up.

"Tomorrow and Wednesday, there will be an offline investment strategy meeting in Shanghai." After thinking for a while, Liu Ziliang said, "At that time, I will communicate with Mr. Gao of 'E Fund' and Mr. Shan of 'Huarui Public Fund'. Let’s take a look and see if we can cooperate in this regard.”

"Can they... agree?" Chen Shen asked, "After all, this matter is quite sensitive."

Liu Ziliang said with a chuckle: "The funds of the 'Yuhang Department' have been operating too aggressively in the market recently. The core hot stock stocks want to get a hand in everything, and they have occupied a lot of high-quality stocks in the core and main lines from the very beginning. Stock chips, just waiting for everyone to carry the sedan chair for them, how can there be such a cheap thing in the world?"

"Currently, many people in the industry are dissatisfied with the operation of the 'Yuhang Department' funds in the market."

"Also, I don't know whether it's the regulator's intentional connivance or the current style of market regulation. That's it. Anyway... everyone has nothing to do with this institution at the moment."

"Before, in the entire market, only the main line fields of 'Infrastructure', 'Military Industry' and 'Internet Finance', which are heavily held by the 'Yuhang System', had relatively consistent market expectations. As a result, everyone has to make decisions in these directions, and is forced to carry the sedan chair for the funds of the 'Yuhang Department'."

"but now……"

"The line of 'film and television media' has exploded in an all-round way, and active funds in the entire market have shown signs of consistent transfer and flow in the direction of 'growth stocks' on the SME board and the GEM."

"That is to say, in addition to the core main lines of 'infrastructure', 'military industry', and 'Internet finance', the market also has certain expectations and hype logic in other main lines."

"In this case, as long as someone is willing to take the lead in igniting the market and guide the market in this direction."

"In the entire industry, the main capital group who are dissatisfied with the funds of the 'Yuhang Department', or those who are unwilling to carry the sedan chair for the funds of the 'Yuhang Department', will naturally follow the trend and transfer to other directions where we ignite, abandon Get rid of the early mainline fields such as 'infrastructure', 'military industry', and 'Internet finance' where the 'Yuhang system' occupies the active control position."

"Under these various factors..."

"As long as Mr. Gao from 'E Fund' and Mr. Shan from Huarui Public Fund are not stupid, they should know how to choose."

"Now, the most important thing..."

Liu Ziliang stared closely at the opening of the two markets, and finally said in a deep voice: "It is still necessary to maintain the strong state of the market in the direction of the small and medium-sized board and the GEM 'growth stocks'. On the one hand, it will make money in this direction. It also attracts short-lived active funds chasing popular mainline fields such as 'infrastructure', 'military industry', and 'Internet finance' in the early stage. OK."

"En!" Chen Shen nodded, "For the line of 'film and television media', the hype sentiment is still very hot, and with the seat blessing of 'Wealth Road' itself, there should be no need to guide it for the time being. The market style is shifting towards the small and medium-sized board and the GEM, and the focus is to guide the direction. It is still necessary to hit hot spots such as Netspeed Technology, Inspur Information, Changqu Technology, Huaguo Software, etc. that have high market attention and can quickly gather popularity. Only high-quality 'growth stocks' can make money on the market."

Liu Ziliang nodded and responded: "Okay, then guide the market in this direction, increase our position weight in the direction of the small and medium-sized board and the ChiNext board, and simultaneously buy Wangsu Technology, Inspur Information, Changqu Technology, Huaguo Software ... Waiting for the bargaining chips of a lot of hot and high-quality 'growth stocks' will further stimulate the market's hype and follow-up sentiment in this direction."

"and also……"

Liu Ziliang thought for a while, and continued: "While we increase the weight of our positions in the small and medium-sized board and the ChiNext board, we also appropriately sell the stocks that we were forced to invest in the 'infrastructure', 'military industry', and 'Internet finance' in the early stage." The increased bargaining chips on the core main line will suppress the trend of heavily held stocks related to the 'Yuhang series', so that the hesitant investors in the market can see that the overall market trend is towards the "growth stocks" of the small and medium-sized board and the gem The fact that the field shifted."

"Understood!" Chen Shen nodded.

Then, take advantage of the last 2 minutes before the official opening to step up and expedite the arrangement of trading tasks.

Then, immediately after, the time quickly slid to 9:30, and amidst the attention of the majority of investors in the two cities, the stagnant market began to bounce again.

I saw that after a brief 5 minutes of brewing market sentiment, as well as private discussions among many investors.

As soon as the market opened, the market trend further differentiated.

First of all, in the entire "film and television media" sector, a group of concept stocks related to the main business of "film and television" are further sought after and hyped by active funds in the entire market, except for the six concept stocks newly held by "Wealth Road" The daily limit was blocked one after another, and other related concept stocks such as Huashu Media, Phoenix Media, Bosera Communications, Shengda Media, Zheshu Culture, etc. also surged in lightning volume, hitting the daily limit one after another.

Secondly, the fiery money-making effect created by "film and television media", as well as the strong hype, instantly spread and overflowed to the entire small and medium-sized board, the GEM small- and medium-cap concept stocks, and the so-called small and medium-sized "growth stocks", resulting in Internet software development. , Internet software applications, mobile games, smart phone industry chain... and other industry sectors and concept sector indexes rose rapidly, and the related core concept stocks also exploded in volume instantly, showing a strong buying capacity and the earning effect.

Then, due to the active funds on the market and the new incremental funds outside the market, they converged on a large scale in the small and medium-cap concept stocks in the market, which directly led to the early popular main line sectors such as 'infrastructure', 'military industry' and 'Internet finance' It weakened instantly, and there was a large amount of active selling on the relevant core stocks.

Again, due to this style of switching and the flow of active funds.

After the 'infrastructure', 'military industry', 'Internet finance' and other popular main line sectors in the early stage have been reduced to the weak net outflow of funds in the market, the signs of the market pattern of weak Shanghai and strong Shenzhen are becoming more and more obvious.

At 9:33, it was only 3 minutes before the official opening.

Under this relatively differentiated trend, with the small and medium-sized board index and the gem index rising rapidly to 1.5%, the Shanghai stock index is still hovering in place.

At 9:35, the gap between the Shanghai Stock Exchange Index and the Growth Enterprise Market Index officially widened to more than 1%.

At 9:37, within the 'film and television media' industry sector, the daily limit reached about 15 stocks, and the industry sector index rose by more than 3.5%.

At 9:40, the two major indexes of the small and medium-sized board and the gem rose further to 1.7%.

At 9:42, Wangsu Technology, the core component stock of the GEM, rose in a straight line, breaking the daily limit, and the stock price returned to the 70 yuan mark, which once again stimulated the hype in the field of small and medium-sized concept stocks in the two cities.

At 9:45, the gap between the Shanghai Index and the Growth Enterprise Market Index widened to about 1.2%, and the gap between the Shanghai Index and the Shenzhen Index also widened to 1%.

At 9:48, under the circumstance that the hype sentiment of small and medium-cap concept stocks in the two cities is extremely heated up, the popular main line fields that have absorbed and accumulated huge amounts of funds in the early stage, such as 'infrastructure', 'military industry', and 'Internet finance' and other core main line fields , A large number of active selling emerged in related core concept stocks.

At 9:50, Huaguo MCC, the core stock in the field of 'infrastructure', showed a trend of not rising but falling under the trend of continuous breakthroughs of major market indexes. It opened slightly higher at the beginning of the session, and has fallen all the way to the current drop of nearly 2%.

At 9:53, after Huaguo MCC, Hangfa Technology in the field of "military industry" also saw relatively concentrated selling, bucking the trend and falling into the water.

At 9:55, the early stage was strong, and the core popular leading concept stocks such as Shanghai Construction Engineering, Beijiang Communication Construction, Hongdu Aviation, and Jinzheng Co., Ltd., which set a continuous board trend, all showed a huge shock trend, and the market was sold The rapid increase, the strong form is gone forever.

At 9:58, Beijiang Communication Construction showed a straight-line diving trend, and the decline in the market expanded to about 5%.

At 10:01, when the market trading time can barely pass half an hour, the concepts and industry sectors related to the core main lines of 'infrastructure', 'military industry' and 'Internet finance', such as architectural decoration, building materials, and real estate , steel, military industry, military-civilian integration, mobile payment, financial technology, state-owned enterprises, reform and reorganization of central enterprises, Shanghai Free Trade Zone... and other concept sectors and industry sector indexes have all turned green, and in the entire field, the net outflow of main funds has reached 3 billion level.

At 10:05, when the popular main lines in the early stage were trending one after another, and the market style changed obviously, the Shanghai stock index hovered around the 2300 point mark and oscillated for half an hour before finally falling below again.

"Hey, why is it so difficult to stand on the 2300 point of the Shanghai stock index?"

Seeing that the Shanghai Stock Exchange Index hesitated for half an hour, and finally failed to stand firm at 2300 points, at 10:07, inside Yuhang, Anzhao Fund Company, and in the trading room of the main fund, Zhou Hui stared at the real-time changes in the market of the two markets. Can't help being depressed: "The Shenzhen Index and the ChiNext Index are flying into the sky, and the Shanghai Index is still motionless. Mr. Qin... the market trend today seems a little weird!"