The investment era of rebirth

Chapter 553 Competition for Market Dominance (42)!

"The wind direction of the market has completely changed! Hey..."

Inside Yinghui Fund Company in Shanghai, in the trading room of 'Yinghui No. 1' fund products, fund manager Liu Guanhai sensed the sudden change in market investment sentiment, and his face was bitter. The whole body of institutions on this line, be damned."

Originally, the core holdings of their funds were adjusted to the main board's "big infrastructure" direction.

However, due to the clear market opinion signals revealed by various institutions at the offline investment strategy meeting in Shanghai not long ago, and the continuous strong trend of "technological growth" stocks in the market in recent days, there are also news, sentiment, and external factors. The continuous stimulation of the market trend made him adjust the fund's core holdings to the core concept stocks with a strong rise in the "Technology Growth".

Even this morning, he was still making traders increase their positions in several core concept stocks such as 'LeTV, Wangsu Technology, and Huayi Brothers'.

Review the history of fund holdings over the past six months.

The 'Yinghui No. 1' fund product he is in charge of can be said to have stepped on the wrong market rhythm continuously, and was beaten back and forth in the layout of the main market.

In the first quarter, due to the strong performance of 'Apple Concept' at the beginning of the year.

The 'Yinghui No. 1' fund product can be said to have a full position in the two main core stocks of 'smartphone industry chain' and 'mobile Internet' which were strong in the second half of last year.

And there is no doubt that after a period of performance at the beginning of the year, the 'Apple Concept' fell into a slump.

The fund product he is in charge of, during the continuous market decline in the first quarter, especially the frantic adjustment of the two main lines of "smartphone industry chain" and "mobile Internet", just happened to suffer the most severe decline completely, resulting in the net value of the fund The retracement was serious in the first quarter.

Then, when the time entered April.

Because of his misjudgment on the main market of the main board'big infrastructure', in the early stage of the big capital of the'Yuhang Department' taking advantage of the favorable wind, he did not have time to intervene in this major main line and completely missed it. All previous market gains.

Then, when the time approached May, the 'big infrastructure' was in full swing and continued to skyrocket.

After seeing clearly the fundamental logic of the line of 'big infrastructure', he finally made up his mind to decisively adjust his position and heavily intervene in this field.

However, when he adjusted the fund position to 'big infrastructure'.

I haven't been happy for two days, after the skyrocketing in May, the line of "big infrastructure" quickly flew down, and put him on the top of the mountain again.

After that, the market continued to adjust in the middle and late May and early June.

The net value of the 'Yinghui No. 1' fund fell to a new low for the year, and the retracement was extremely serious.

After that, the market rebounded after the Dragon Boat Festival, and the main line of "big infrastructure" revived. At this time...he is still firm that the line of "big infrastructure" will perform well and quickly regain lost ground, but... Just when he was full of confidence, he did not expect that the line of "big infrastructure", which he was optimistic about and the fund's heavy holdings, fell into adjustment again, and the stock index was stuck below 2300 points, and it was still unable to break through.

With the extension of the market's sideways time, at the same time, the "film and television media" turned out to be beneficial, the main line of "technological growth" broke out in an all-round way, and coupled with the influence of Shanghai's offline investment strategy, almost the vast majority of the entire market Investment institutions have begun to be strongly bullish on the main line of 'technological growth'.

As a result, when he was eager to change the trend of the fund's net value and restore the confidence of investors who invested in this fund, he blindly cut off the core of the "big infrastructure" field that was stuck in a state of adjustment and had not risen for a long time. Constituent concept stocks, all the vacated positions were chased into the line of "Technology Growth".

And now...

There is no doubt that according to the actual market trend feedback, he has stepped on the wrong rhythm again.

After continuous investment strategy mistakes, the annual net value of the 'Yinghui No. 1' fund product he is in charge of has dropped to 21%. Compared with the nearly 12% increase in the Shanghai stock index this year, it can be described as extremely bad. On the ranking list of private equity fund products, let alone competing for rankings, whether he can continue to be a fund manager is still a huge question.

"Hey……"

Thinking of the continuous bad operation strategies in the past six months, Liu Guanhai couldn't help but sighed again, the sullen feeling in his heart made him want to vomit.

In the past, he even ridiculed the main fund of the 'Yuhang Department', but he took advantage of luck.

Now look, he is the real clown.

"Mr. Liu, let's follow up... Do we need to adjust our strategy again, and move our position in 'technological growth' back to the main line of 'big infrastructure'?" Seeing Liu Guanhai's bad mood, Yu Lei, the trading team leader, thought After thinking about it, I made a suggestion, "Actually, I think... our previous trading strategy is not wrong. We should stick to the line of 'big infrastructure'. There is no room to open, and the basic investment logic and fundamental changes of the line of "big infrastructure", as well as long-term investment expectations, have not changed compared with before."

"And..."

Yu Lei paused, and then continued: "Today, the market has really determined the opportunity to change the direction of the wind, that is, the market has just started to switch from high to low. If we are more decisive, we will still have time to keep up with the market change. At least From the current position to the 2500-point pressure mark, the Shanghai stock index has no resistance, and the line of 'big infrastructure' will definitely rise in the future."

"The closed period of our 'Yinghui No. 1' fund ended in September."

"Now if we change our trading strategy and keep up with the main line of the market, we still have a chance to recover the severely dropped net worth."

"Do you think we should adjust our warehouses to pursue the line of 'big infrastructure'?" Liu Guanhai felt better under Yu Lei's comfort, looked up at the other party, and asked, "What if...we adjust our warehouses to pursue, Are you chasing the high point again?"

Looking back on the trading history of the past six months, every time they adjusted their positions to chase after them, they all ended in failure.

If they had been adhering to the line of 'technological growth', or in other words, the line of 'big infrastructure', the loss of their fund's net worth would not have been so serious at all.

The so-called more action and more mistakes, their fund's trading process in the past six months really fully interpreted this sentence.

Yu Lei thought for a while and said: "I think we should not be trapped by the wrong trading strategies in the past. We should look more in front of us, see the actual market trends, expectations, and emotional changes, and then... To make a truly correct trading operation."

"And judging from the current market trends, expectations, and emotional changes..."

"Indeed, there is no main line that has the momentum and expectations of the line of 'big infrastructure'. At the same time, this line has also formed a substantial upward breakthrough trend under today's large-scale heavy-duty trend. At present, whether we are emotionally , capital, and K-line technical analysis can determine the line of 'big infrastructure', which is the most suitable and most potential investment direction in the overall market performance."

"Mr. Liu..."

Yu Lei's eyes were firm, he paused for a moment, and continued to persuade: "We must change our previous wrong trading strategy, at least we can no longer put the main position on the line of 'Technology Growth', and the line of 'Technology Growth' line, after today’s wave of trends, there is no longer any upward momentum in the short-term or mid-term.”

"If we don't make any changes, the net value of the fund may continue to fall. This will be obviously detrimental to you and all of us."

Liu Guanhai listened to Yu Lei's continuous analysis of the market, and thought about it for a while. Although he didn't fully agree with Yu Lei's point of view, he could indeed see that the trend of "Technology Growth" today's high-diving high-volume decline, while selling funds Fleeing in full force, the buying funds were completely siphoned by the re-emerging "big infrastructure" main line. In the short-to-medium term trend, there is really no chance, so he couldn't help sighing again: "Okay, now that we have reached this point, we can only The dead horse is a living horse doctor. Next Monday, cut off the main line of "technical growth" chips, and regain the chips we lost on the "big infrastructure" before. Whether it is dead or alive depends on these two months. "

Seeing that he had finally made up his mind, Yu Lei breathed a sigh of relief, and began to sort out the fund's position data, and combined with the closing results, draw up a specific investment and trading plan for the next week.

And when Liu Guanhai felt depressed and decided to adjust his position again.

In another fund trading room next door to him, Shao Xiaoyun, the fund manager of the 'Yinghui No. 2' fund product, frowned completely, gritted his teeth bitterly, and said, "Damn it, 'Yi Fangda 'The President Gao cheated me, let me increase my position on a large scale in the two main lines of 'film and television entertainment' and 'domestic software', and made me completely lose my bargaining chip on the main line of 'big infrastructure', not only perfect I missed today's market, and got killed on the two lines of 'film and television entertainment' and 'domestic software'."

"Mr. Shao, what should we do now?" Liu Changling, the leader of the trading team, was also very depressed and asked.

Shao Xiaoyun's teeth were itching with hatred, and he cursed himself that he really shouldn't have listened to any insider information, and responded: "What else can I do? The line of 'technological growth' can be seen by everyone as dead, let's cut it out next Monday." Damn, it made me completely miss the market of the line of 'big infrastructure', I really hate it."

Before that, he was originally trading with the main force of the 'Yuhang Department'.

Unexpectedly, this time...

He just had doubts about the layout of the main fund of the 'Yuhang Department' in his heart. With a little self-awareness, he was quickly slapped in the face by the market, causing the fund's net value to withdraw rapidly against the trend.

"It seems that you have to follow this President Su of the 'Yuhang Department' to have meat!" After pondering for a while, Shao Xiaoyun thought to himself, "Compared with this President Su, what kind of President Gao, President Shan, and President Ning Mr. Zhao, Mr. Zhao... are all a fart, no, not even a fucking fart!"

same……

When Shao Xiaoyun was full of anger based on his comprehensive market performance, he decided to cut his position decisively on the line of "technological growth".

A series of institutional groups such as Modu Principal Finance, Yanjing Anlan Fund, Yuhang Minghui Capital, Yuhang Anzhao Fund, Yuhang Bank Public Fund, Shenzhen First Securities Proprietary Investment Department, etc., analyzed market performance and sentiment expectations Finally, they all set their sights and the focus of the next transaction on the fields of "big infrastructure" and "military industry" where the main funds of the "Yuhang Department" are heavily concentrated.

And everyone agrees on the main line of the market, which is "technological growth", which is still extremely strong in early trading.

They all started to take a rather pessimistic view.

Of course, when countless institutional groups secretly adjust trading strategies, re-analyze in-depth analysis of the two main lines of "big infrastructure" and "military industry", and firm investment logic, the performance of public financial market information.

The investment consultants and chief analysts of various securities companies, as well as the market's financial big V, stock commentators, and even many financial media reporters have also changed their tone sharply, and began to sing about the "big infrastructure" in the direction of the main board of the Shanghai Stock Exchange, In the 'military industry' market, many people, according to Su Yue's public speech report on the market not long ago, called out the voice of 'bull market' and aggressively called for off-market investors to enter the market.

Just when this kind of market sentiment has turned sharply, and discussions among market investor groups are in full swing.

The market time finally came to 5:30 pm.

In the eyes of countless eyes, the high-profile two-city dragon and tiger list has been refreshed. There are nearly 2000 stocks participating in the transaction in the entire market, and a total of 31 stocks are on the list. Among the stocks on the list, they tend to be small and medium-sized 50, the main line concept stock of "Technology Growth" on the GEM, and the two main line concept stocks of "Infrastructure" and "Military Industry" that are biased toward the main board, each occupying a [-]% share.

Among them, investors in the two cities pay attention to the top ten stocks, and 6 of them are on the list.

Of course, the seat that everyone is most concerned about and is most looking forward to is the main capital related transaction seat of the "Yuhang Department", that is, the "Fortune Road" transaction seat. on the trading seat list.

"Holy shit, Mr. Su's 'Wealth Road' is still selling LeTV's stock today?"

After the dragon and tiger list was refreshed, everyone saw that the seat of "Fortune Road" was on the list again, and it was on the list of trading seats for 4 stocks. Not only the discussion among the retail investor groups exploded, but also in the Yuhang main hot money group where Su Yu belonged. The heat also exploded in an instant, and countless group friends were shocked.

"The most shocking thing is not that Mr. Su's 'Fortune Road' is still selling LeTV." Someone said in great surprise, "It is Mr. Su who has fully increased his position on the 'Fushun Special Steel' check today, and' Huaguo MCC's check, Mr. Su has also intervened in a very high amount of chips!"

(End of this chapter)