The investment era of rebirth

Chapter 520 Competition for Market Dominance ([-])!

"Affected by it?" Zhou Kan was slightly taken aback, and subconsciously said, "Isn't it? Looking at the market performance, hot spots and emotional reactions, they are still on the line of "concept growth stocks" on the small and medium-sized board and the ChiNext board. Even in the early popular main line fields such as 'infrastructure', 'military industry', and 'Internet finance', where the market sentiment is not so bad today, the market trend is strong, and it is also a group of small and medium-cap concept stocks."

"It also depends on the degree of involvement of various funds in these small and medium-cap concept stocks, as well as the follow-up strength of retail investors."

"This kind of disk market trend may have to continue for a while."

"Since the market trend in this direction still has continuity, it is not a big problem to pull the market so strongly to attract follow-up funds to continue to gather in this direction, right?
"that is……"

Zhou Kan paused, smiled lightly, and continued: "Such a solicitation is a bit too costly."

When Xu Xiang heard Zhou Kan's words, he smiled slightly, but he didn't take it seriously, and responded: "As a trader, we must pay attention to making the best use of the situation in all operating strategies in the market trend, that is to say, we must follow the trend of the market. Do it according to the evolution trend of the market itself, otherwise...you will eventually be overwhelmed by the trend wave of the market.”

"And the current market..."

"Emotional hotspots are still on the line of 'concept growth stocks' on the small and medium-sized board and the ChiNext board."

"However, after this line has accumulated enough short-term profit margins in the short term and has created a certain space, it has entered the stage of fulfilling short-term hype expectations."

"In other words, analyze according to the bargaining chip structure on the floor."

"This line has reached a point where the market diverges in terms of short-term market trends."

"And at the point where the market should have diverged, by spending a huge amount of money to forcibly pull the market to stabilize the market and the funds to follow suit, although the market can maintain a strong state in a short period of time, its own bargaining chip structure has not changed at all. It has increased the short-term profit-making chips on the market, and if this part of the profit-making chips is not spit out on a large scale, the upward pressure on this line will become stronger and stronger."

"At the same time, due to the impact of stock liquidity involved in this fund."

"After this fund is involved too deeply, it must be the dominant player on the market. In this situation... amidst the emotional hype of concept stocks, other hot money or institutional main funds that were originally interested want to follow up. I will also worry about the other party’s sudden smashing and strong control, so this stock with too much investment in the stock seems to be strong, but in fact, there is a huge problem in the follow-up success.”

"However, in contrast to the main lines of the market in the early stage of 'infrastructure', 'military industry' and 'Internet finance'."

"Although these lines are not moving strongly at the moment, their internal bargaining chip structure, after these two days of changing hands and adjustments, the short-term floating profit-making chips are almost out, that is to say, compared to the 'film and television' Media', 'Internet application', 'Internet software' are the main lines of so-called 'concept growth stocks', and the potential upward pressure on these lines is much smaller."

"We make transactions, judge the strength and weakness of the market, and judge the direction of the wind."

"The most important thing is not the present, but the future."

Speaking of this, Xu Xiang paused for a moment, pondered for a moment, and then continued: "That's why I said that the opponent's trading technique to guide the market is obviously a bit too hasty. When facing the opponent's funds, it is the 'Yuhang system' In such a situation, you might lift a rock and shoot yourself in the foot.”

After listening to Xu Xiang's analysis, Zhou Kan thought about it for a while, and finally understood the logical relationship. At the same time, he secretly admired Xu Xiang's ability to interpret the disk, so he paused and responded: "So ...The line of "conceptual growth stocks" on the small and medium-sized board and the ChiNext board, the more they refuse to adjust, they are also forcibly opening up space, and the more it means that the time for market hotspots to turn is getting closer?"

"Yes!" Xu Xiang nodded, "The so-called loss when it is full, the line of "concept growth stocks" on the small and medium-sized board and the ChiNext board is originally a route of emotional speculation. Under this logic, the impact of the bargaining chip structure on the board , has become a factor that cannot be ignored, not to mention..."

Xu Xiang smiled, and continued: "In the direction of 'infrastructure', 'military industry', 'Internet finance' and other popular main lines in the early stage, there is also a major financial institution like the 'Yuhang Department', which has been protecting the market. Guide the funds of all parties in the market to flow in the direction of these early popular main lines.”

"Once the main institutional funds of the "conceptual growth stocks" line of the small and medium-sized board and the GEM are out of stock and cannot continue to strongly support the market, then the differentiation trend of the "conceptual growth stocks" line will rapidly expand. , causing the disk of this line to go to another extreme.”

"And, with the passage of market trading hours, and the subsequent evolution of the market as a whole."

"As the internal short-term profit taking of the line of 'conceptual growth stocks' is getting heavier and the upward pressure is increasing, the situation faced by the main funds that dominate the line of 'conceptual growth stocks' is also It will become more and more passive."

"Is there no chance for the market to form a consistent expectation on the line of 'conceptual growth stocks'?" Listening to Xu Xiang's continued analysis of the market, Zhou Kan thought for a while and asked, "If the majority of investors in the market agree with this direction? According to the medium and long-term investment logic, even if the short-term profit accumulation of this line is huge, it should be able to slowly digest it in the change of hands under the condition that follow-up funds gradually enter!"

"And as long as these huge free chips for short-term profits are cleared on the market."

"The line of 'conceptual growth stocks', even if there is no large-scale correction, can still complete the cleansing of chips through continuous huge increase in a strong breakthrough, and re-condense a solid chip structure."

Xu Xiang responded: "Although overall, the market value of the line of 'conceptual growth stocks' in Shenzhen is significantly smaller than the main line of 'big infrastructure' on the main board, but in terms of the stability of the bargaining chip structure, The line of "conceptual growth stocks" in the Shenzhen market is not as good as the main line of "big infrastructure" on the main board."

"Why?" Zhou Kan asked subconsciously.

Xu Xiang replied: "The line of 'conceptual growth stocks' in the Shenzhen market, at the beginning of the year, last year, and even the year before last, has been hyped by the main funds of all parties in the market, and even the active hot money groups. For a long time, a huge number of retail investors have been trapped in this main line."

"And the line of 'big infrastructure' in the direction of the main board..."

"Except for April and May, there has been no continuous large-scale hype before, coupled with the continuous bear market for several years, the investment expectations and valuation expectations of all investor groups in the market have been compressed to an extremely low level. , There are not many major institutions and retail investor groups willing to hold positions for a long time.”

"And due to the repeated compression of valuations and the continuous negative decline for several years."

"There are not many free chips still gathered on the board."

"There is also the continuous trend of the wave of "big infrastructure" that occurred in April and May, which can be regarded as loosening the bargaining chips in the entire large range, so that the long-term holding chips gathered in this range have been converted into a new minority. Institutional main funds, and short-term bargaining chips to follow suit."

"Now, after a brief adjustment, the short-term bargaining chips have almost been cleaned up."

"Then next, as long as the 'Yuhang system' entrenched in this main line can seize the right time, when there is a certain divergence in the line of 'conceptual growth stocks' in the Shenzhen Stock Exchange, it will concentrate funds to pull the market and compete for market share." With active capital liquidity, it is also predictable that the disk market trend will once again fully fall in the direction of the main board.”

"Again……"

Xu Xiang paused for a moment, then continued with a smile: "We must clearly distinguish between the line of 'conceptual growth stocks' in the Shenzhen stock market and the line of 'weighted performance stocks' in the Shanghai stock market. , You can’t make the short line long, and you can’t make the long line short.”

"and……"

"Although the overall profit-making effect of the market is continuing, the overall volume performance is still maintained at a relatively low market average level."

"Such a low water level can show that the market can only break through in the direction of least resistance."

"From the current market performance point of view, the market direction of the main board's "big infrastructure" and the main direction of the "military industry" and "Internet finance" that have not yet been fulfilled after short-term adjustments are the upward trend of the market. the direction of least resistance."

"Understood!" Seeing that Xu Xiang had said this, Zhou Kan suddenly stopped talking, pondered for a while, and fully understood it, and replied, "Then we will operate in terms of strategy..."

Xu Xiang smiled, seeing Zhou Kan still had a slightly hesitant look on his face, interrupted him, and said decisively: "After the other party forcibly promoted the hot benchmark stocks of 'LeTV, Wangsu Technology, and Huayi Brothers', , our short-term buying chips in the direction of 'conceptual growth stocks' are now almost 20% profitable, right?"

"Yeah!" Zhou Kan glanced at the backstage and replied, "It's almost 20% floating profit."

"Then take the profit slowly!" Xu Xiang said with a smile, "Reap the profits in a timely manner, and then continue to transfer the vacated positions to the popular main lines in the early stage such as 'big infrastructure', 'military industry', and 'Internet finance' , we have to thank this stock of funds forcibly pulling in, which gave us better opportunities to make profits and stop profits, and at the same time, it also made the market trend more and more clear."

"Okay!" Zhou Kan responded.

Immediately, according to Xu Xiang's thoughts, he quickly issued trading orders to all the traders in the trading room.

With the execution of trading orders by traders, a series of target stocks of "film and television media", "Internet software", "Internet application" and even "Apple industry chain" held by the "Zexi Department" on the two markets, On the disk, relatively concentrated main selling orders appeared in an instant.

but……

Due to the size of the positions held by the 'Zexi Department' in these stocks, it is not very large.

Therefore, even though they concentrated on selling chips at high intraday levels of these stocks, they failed to change the market trend of these stocks themselves.

The direction of the overall market trend, after LeTV, Huayi Brothers, and Crystal Optoelectronics have hit the daily limit, is still moving towards the "Apple Industry Chain", "Film and Television Media", "Internet Software", "Internet Application" and many other small and medium-sized boards, start-ups, etc. The main line fields of the "conceptual growth stocks" of the board are converging, and at the same time, the flow of main funds in the market is also shifting towards these main line fields again.

That is to say, after the 'Pingyin Asset Management Department' has poured in a huge amount of funds with all its strength.

They were able to arouse the market's investment sentiment and hype sentiment, once again concentrated on the entire Shenzhen market's "conceptual growth stocks" field, once again deepened the market's active funds, and once again hyped the concept of small and medium-cap growth stocks. The ground has already shown signs of recovery, and a group of main board weight performance stocks that have rebounded in the market trend have further "bleeded" and temporarily lost sufficient liquidity.

And when the market wind direction reversed again, the Shanghai stock index stopped at 2310 points, and the moment it turned into a downward adjustment again.

At 11:09, on the market's public information surface, it came from an important investment strategy exchange meeting in the asset management industry offline in Shanghai, and news that had a greater impact on the market trend also flowed out.

I saw Mr. Liu from 'Pingyin Asset Management Department', Mr. Gao from 'E Fund Asset Management Center', Mr. Shan from 'Huarui Public Fund', Mr. Ning from 'Huaxin Securities Strategic Investment Department'... a group of asset managers At the offline investment strategy exchange meeting held in Shanghai, the bigwigs in the industry publicly expressed their optimism about the future market conditions, and expressed that they would focus on the "smart phone industry chain" and "mobile Internet" in emerging economic fields. 'Two major investment areas.

Among them, Liu Ziliang, the general manager of the "Pingyin Asset Management Department", also published a specific core logic investment report that is optimistic about these two major investment fields in front of the media camera, expounding in detail his views on these two major investment fields, and clearly , Privately stated that the "Pingyin Asset Management System" will focus on increasing the investment weight of these two main lines in the future.

At 11:15, the specific news about this offline investment strategy meeting, as well as the views and opinions of the asset management leaders, became popular and spread to various stock investment exchange forums on the Internet, as well as related investment exchange communities, and Many financial media that reacted quickly also began to report.

And due to the influence of these news...

From 11:16, the market trend began to focus more and more on the front line of "concept growth stocks" in the Shenzhen market.

Stocks related to the "Apple Industry Chain", which have already received the core attention of the market, continued to break through in explosive volume. Anjie Technology, Everwin Precision, GoerTek, OFILM Technology, Lexun Precision, Crystal Optoelectronics and other stocks all rose by the limit; re-crowded The concept stocks related to 'film and television media', which ranked second in the industry sector in the two cities, also all surged in volume, and the number of daily limit concept stocks exceeded 12 again; 'Internet applications', 'Internet software' and other 'mobile Internet' The concept stocks in the field of 'are also linked with the main concept stocks related to the main line of 'smartphone industry chain' headed by 'Apple Industry Chain', making breakthroughs simultaneously.

(End of this chapter)