The investment era of rebirth

"Mr. Liu, it's over!"

Chen Shen, the fund manager, immediately felt chilled when he saw the new regulatory regulations on "Internet TV" issued by the State Administration of Radio, Film and Television, and the news that LeTV was named and criticized, and seven integrated service licensees in the market were informed that they could no longer cooperate with LeTV. Halfway through, his face became extremely ugly.

Because of their large-scale layout on the line of 'technology growth' before.

Now, among the holding weights of several of their main funds, LeTV occupies a very heavy position.

Now, there is a major bad news for LeTV. When the market reopens on Monday, the trend of this check must be completely over. There is basically no surprise.

Of course, just like this, Chen Shen would not express the feeling of 'it's over'.

The main reason is the check of 'LeTV', which was previously speculated as the leading stock of the core concept of the big main line of 'technological growth'. The underlying logic of its continued strength in the recent period is also this point. Now... this check If there is a total collapse, the impact will definitely not be as simple as one sector, but a few stocks.

Almost clearly foreseeable...

LeTV's check collapsed in an all-round way, and under the one-word limit-down trend, the mainline sectors such as "film and television media", "mobile Internet" and "Internet software" related to it will inevitably be greatly affected, while "Huayi Brothers, Internet Speed Technology, [-], Enlight Media, Huace Film and Television, Inspur Information, Huaguo Software...' and a large number of "technology growth" core stocks will also be implicated.

However, no surprise, these stocks are all their heavy holdings!

It was precisely because of this that the confidence in Chen Shen's heart completely collapsed in an instant, and he felt that the net worth of several major funds would be greatly impacted in the future.

"What are you panicking about? I don't have any concentration." Liu Ziliang glanced at Chen Shen, and although he felt that something was obviously wrong in his heart, he could still maintain a calm expression on his face, and said, "The matter has come to this, and there is no need to regret it any more. Any use, think about how to deal with it!"

"How else can I deal with it?" Chen Shen was completely at a loss.

The State Administration of Radio, Film and Television named and criticized, and under the direct negative impact, LeTV's stock price will drop by the limit next Monday. There is no suspense at all. At this time, the market has already closed, so what else can they think of?Even if you want to cut your position at this time and place a large transaction, without a big discount, no one is willing to take over.

"Think about how to reduce some losses." Liu Ziliang said, "The check for 'LeTV' can't be helped, but the main line of 'technological growth' is not just the check for 'LeTV', and we The layout of the fund is far more than just this check."

"President Liu means..." Chen Shen's heart shuddered, and he probably understood what Liu Ziliang meant.

Liu Ziliang gritted his teeth and said, "We have to find a way to hedge against the bad news of the line of 'Technology Growth', otherwise next Monday, the line of 'Technology Growth' will be completely on the ground under the influence of 'LeTV' , At that time, there will be no liquidity, even if we want to reduce the position and stop the loss, we will not be able to reduce it.”

"How to hedge?" Chen Shen was completely confused, "The current market sentiment is all on the two lines of 'infrastructure' and 'military industry', and the line of 'technological growth' has been collectively abandoned by everyone. There are very few people who continue to see more, not to mention the line of "technological growth". Under today's trend, too many active funds have been invested. Next Monday, the market pressure in this direction will be very high. Big, at this time... what good can there be, can it hedge against the negative impact of 'LeTV'?"

Liu Ziliang pondered for a moment, and said, "The two lines of 'Internet Finance' and 'E-Commerce' also belong to the concept section of the hype field of the main line of 'Technology Growth'? Since the Su from the 'Yuhang Department' In short, we can use these two concept sectors as the starting point to switch the market situation and shift it to the direction of 'infrastructure' and 'military industry', why can't we take advantage of it?"

"How to use it?" Chen Shen asked.

Liu Ziliang said: "Didn't you hear that 'Ari Baba' is going to be listed on the US stock market? Let's take advantage of this expectation! At the same time, the funds of the 'Yuhang Department' are not in the direction of 'Internet finance', but also have large-scale Holding a position? We can also take advantage of this."

"As long as we can stabilize the two concepts of 'Internet Finance' and 'E-Commerce'."

"Playing the line of 'technological growth' is just a benign adjustment. In terms of long-term investment logic, we still have the expected sentiment of the market, then we can reduce losses, or get out safely."

"Can it work?" Chen Shen was a little skeptical about the trading strategy Liu Ziliang said, "If we do this...don't we go back to the way of carrying the sedan chair for the funds of the 'Yuhang Department'?"

Liu Ziliang responded: "At this time, why do you want to lift the sedan chair and not lift the sedan chair? We can first stabilize the main line of 'technological growth' and not completely collapse. We can take advantage of the good liquidity and issue a large-scale part of the chips first." , It would be good to reduce the drawdown of the fund's net value, and the other... can't take care of that much anymore."

"Okay!" Chen Shen sighed, thinking that this was the only way he could choose.

"At the same time..." Liu Ziliang paused, and continued to order, "Through our news channel, release the news, and spread the news that 'Ari Baba is about to land on the US stock NASDAQ' as much as possible, so as to guide market sentiment and investor expectations. Hype in this direction."

"We are in the direction of the two concepts of 'Internet Finance' and 'E-Commerce'."

"If you don't have enough chips to control the market, you can only start with as much off-market news and investor sentiment as possible."

"As long as it can stir up emotions and make the opening trend of the concept sectors on the line of 'technological growth' next Monday not so ugly, then it will be fine."

"Hey, bad luck!"

Speaking of this, Liu Ziliang couldn't help but sighed with emotion, and continued: "It's just that at this time, this kid from the 'Yuhang family' surnamed Su is so lucky, but... I always believe that this kid is not We will always stand on the right side of the market trend.”

With his emotion, the same time.

Modu, E Fund Asset Management Trading Center, and Huarui Public Fund Company.

Mr. Gao and Mr. Shan frowned when they saw the sudden bad news from 'LeTV', and cursed in their hearts.

"Hey, Liu Ziliang misunderstood me!" Mr. Gao said angrily.

As an ally linked with the 'Pingyin Asset Management System' on the market, the fund he manages has a considerable weight on the position of the 'LeTV' check, with a full 3.6 million chip position, and it is conceivable that this 3.6 If you hold a position worth [-] million yuan, you will have to face at least two down limits.

And the two down limits are a loss of more than 7000 million!

Although this loss has not had a great impact on the overall net value of the fund he is in charge of.

However, when the two main lines of the main board "infrastructure" and "military industry" have formed an upward trend of breakthroughs, the net value of the fund he is in charge of stagnates. In the overall performance ranking of public offering funds, there are many places that have dropped. Yes, this is what he cannot tolerate.

Moreover, once the position is stuck in the "LeTV" and the entire "Technology Growth" main line.

What he missed was a lot of time and opportunities.

If the two main lines of 'infrastructure' and 'military industry' continue to break through upwards and go north without looking back, then even if he loses his bargaining chips in the direction of 'technological growth' and frees up positions, it will be very difficult. Then find the right opportunity to intervene in the position, and pursue the opportunities of the two main lines of 'infrastructure' and 'military industry'.

In other words, if there are some opportunities in the market, if you miss them, you are truly missed.

Similarly, President Shan of Huarui Public Fund raised his feet angrily at this moment, and scolded: "Liu Ziliang, hasn't he always boasted that they are well-informed about the 'Pingyin Asset Management Department'? Why is 'LeTV' so big?" Bad news, I didn’t even find out, which made me step on such a big thunder, hey... Damn it, if I knew it... Fuck it, I might as well follow the 'Yuhang Department' to operate with funds."

When the big bosses of the organization complained one after another, the previous cooperative alliance collapsed in an instant.

The check of 'LeTV' also became the most popular stock in the two cities after 'Fushun Special Steel' and 'Beijiang Communication Construction' in just half an hour at the speed of the discussion. Gathered the attention of a considerable number of investor groups in the entire market.

Of course, everyone pays attention to this check, not because they are optimistic about this check.

Rather, it is based on the market trend of 'LeTV' these days, and they all want to see the jokes of the major institutions chasing this check, and also want to know what kind of trend this check will be next Monday under the personal criticism of the State Administration of Radio, Film and Television. After all, the turnover of this check has been more than 10 billion for several consecutive days, and there are quite a lot of active funds in the market on this stock. At the same time, the trend of this check also has a considerable impact on the subsequent market performance.

"As soon as 'LeTV' is in bad news, the line of 'technological growth' should be completely dead, right?" Li Meng, who had returned home after dinner, was sitting on the sofa in the living room at [-]:[-] p.m. While chasing the drama, he used his tablet to scan the market news and the topics of major stock forums, and asked Su Yu with a smile, "I never expected that the last assist that broke the main line of 'technological growth' was the SARFT Sent."

"Standing in the right direction of the market trend, you will always find different market news to assist you inadvertently." Su Yu responded with a smile, "The world is the same when the time comes, you know this sentence, right? ?This is also the reason why the market trend cannot be resisted. We are just a drop of water in the torrent of the trend. Once we go against the trend, we will always be washed to pieces by the turbulent torrent, just like today or recently. growth' line of institutions."

Li Meng chuckled and said: "It's so advanced, but it's just a game of chips. The line of 'technological growth' actually has good investment logic at the bottom. The only shortcoming that doesn't have an upward breakthrough is that the adjustment is not enough. The market The expectations were too high, but the corresponding performance was not kept up, which led to the chaos of the internal bargaining chip organization, and the external incremental funds were unable to form a concerted force when the emotions were insufficient. This broke through and failed, causing the market to return to On the main line of market with 'infrastructure' and 'military industry' as the main line."

"You're right!" Su Yu smiled and nodded, "Trading is indeed a game of chips in essence."

"But..." Li Mengmeng thought for a while, and then said, "Are you really that sure that the bull market has reached its breaking point?"

Su Yu thought for a while, and responded: "I have this feeling, but well, if we want to really determine this breaking point, the Shanghai Stock Exchange Index must break through the shackles of 2500 points, and the market volume can keep up with the whole market, and then go up to a higher level, or On the policy and economic macro level, there will be another wave of major positive news.”

"In terms of policy and economic macro, in the past six months, the good news has stimulated a lot." Li Meng said, "Is there any heavy good news that can strongly stimulate the market and attract a huge amount of incremental funds to enter the market?" Woolen cloth?"

Su Yu smiled and said: "There is one, and I guess...the news should be very soon."

"What news?" Li Meng looked up at him, with curiosity in his bright eyes.

"Guess what?" Su Yu asked with a smile.

Li Meng was taken aback, thought for a while, and said, "Shanghai-Hong Kong Stock Connect? The reform and reorganization of state-owned enterprises and central enterprises has been further deepened? Amendments to the rules for the issuance of new shares, or the rules for subscription? Besides...there is another wave of macro-planning for the 'free trade zone'." ?”

"No!" Su Yu shook his head, "Didn't you notice? Not long ago, the Federal Reserve's interest rate meeting changed, and it no longer wanted to rush to raise interest rates, indicating that monetary policy should be based on prudence, not haste." Turn."

"You mean..." Li Mengjing Su Yu's eyes lit up, and he immediately realized the reminder, "Our central bank will also have a buffer in terms of monetary policy?"

Su Yu nodded and said: "The change in the wind direction of the Federal Reserve has given our domestic central bank and major central banks of other countries around the world a lot of buffer space. The current domestic monetary tensions have been eased by the central bank's two actions. A lot, but the liquidity of the currency in the market is still lacking. If there is no accident, when the Fed slows down, the central bank should find a way to further stimulate the liquidity of the market, so that the macro economy of the market that has just improved , continue to charge up again.”

"Will it... cut the interest rate or the RRR?" Li Meng asked.

Su Yu smiled and said: "At present, no one knows. The market has not heard of this yet. Maybe there will be interest rate cuts and RRR cuts?"

"If you can really lower the interest rate and the RRR..." Li Meng said excitedly, "That will be really beneficial to the market. This will greatly increase the liquidity of the currency in the market, and it will also stimulate a lot of funds to enter the market, releasing a lot of growth. If the stock index breaks through the 2500-point resistance at this time, the upward space... I really dare not think about it!"

The more Li Meng talked, the more excited she became, and vaguely, she seemed to really feel the footsteps of the bull market, getting closer and closer!