The investment era of rebirth

Chapter 562 The Journey of the Bull Market ([-])!

"The check for 'LeTV' was actually opened at the limit."

Noticing the initial call auction trend of many popular stocks in the market, Li Meng was a little surprised in the trading room and said: "40 orders block the market, this negative effect is really bigger than we imagined, look at the situation …If the check of 'LeTV' collapses, the whole main line of 'technological growth' will be greatly damaged. If there is no accident, the line of 'technological growth' should have extreme trends, right?"

Following Li Meng's voice, Su Yu observed the overall call auction trend of the market, and responded: "The check for 'LeTV' fell to the limit today, and the market opened with a single word, but it was also within expectations, but 'Huayi Brothers, Net The two core stocks in the "Technology Growth" main line of "Speed ​​Technology" followed the trend and fell so severely, and directly opened a drop of nearly 7 points in the call auction stage, which was somewhat unexpected."

"Judging from the initial call auctions in the two cities, the sell-off of the entire 'Technology Growth' mainline area is quite serious." Liu Yuan took over and said, "There should be little hope for the 'Technology Growth' line today. Almost all of the active capital groups are concentrated in the fields of 'infrastructure' and 'military industry'."

"Isn't this exactly the market change we want?" Wang Can said with a smile, "The continuous skyrocketing of the line of 'technological growth' last week was originally pseudo-logic. As a matter of course, in my opinion, those institutions and many small and medium-sized investor groups that followed the main line of 'technological growth' were buried, they deserved it."

"You can't say that." Zhao Lijun responded, "Most small and medium-sized investors follow blindly."

"Indeed." Zhang Guobing said, "It is also because most of the small and medium-sized investor groups are blind followers with limited cognition and are easily affected by market sentiment, so we can start from this point and make reasonable lures. Go long on the market."

"When the sell-off wave of the main line of 'technological growth' is in progress, the market index may also be affected, so it won't go far?" Zhu Tianyang thought for a while and said, "Shanghai Index, Shenzhen Index, and ChiNext Index Indices, although there are often divergences in the intraday trend, but the linkage between each other is actually quite strong.”

"If the relevant core concept sectors in the Shenzhen market are hit hard."

"So, even if the market sentiment and funds follow the trend and focus on the main board, it is estimated that the main board will hardly go out of an independent trend far exceeding the growth rate of the Shenzhen Stock Exchange Index and the Growth Enterprise Market Index? It should still be affected to some extent. 'The overall collapse of this line will also substantially affect the investment sentiment of the entire market."

"Analyzed from this direction, this may not be a good thing for us."

"But it's hard to have the best of both worlds." Hearing Zhu Tianyang's words, Liu Yuan responded, "The current incremental funds in the market cannot support the general rise of the market. Other active financial groups with the purpose of making money will naturally choose."

"If the line of 'Technology Growth' is greatly adjusted... then the 'Internet Finance' and 'E-Commerce' directions, which we hold a lot of positions, should also be greatly affected?" Wang Can asked, "Boss , our positions in these two directions are not small. Now the main line of the market has turned to the direction of the 'infrastructure' and 'military industry' sectors. Our positions in these two directions...do we want to reduce our holdings? Suoying?"

Su Yu stared at the changes in the market, and responded: "What is the first principle of buying and selling stocks? What is a buying point, what is a selling point, what is a short-term selling point, and what is a long-term selling point. You need to figure out."

"It is true that with the drastic adjustment of the main line of 'technological growth'."

"'Internet Finance' and 'E-Commerce', the two concept sectors that have previously been hyped with the main line of 'Technology Growth', will also follow the changes in the fundamental expectations of the entire 'Technology Growth' and the changes in market sentiment. react, but follow the trend and fall into adjustment.”

"But is that why we should sell?"

"no!"

"What is the fundamental logical expectation for us to buy the corresponding core constituent stocks of the two major concept sectors of 'Internet Finance' and 'E-Commerce'? It is the transformation of the traditional financial sector to the direction of 'Financial Technology' under the trend of 'Mobile Internet'. The huge incremental space for the trading system software derived from it, and the impact of the listing of "Ari Baba" on the valuation increase of the entire "e-commerce" industry are the two major expectations? Looking back now... these two major expectations, it's time to fulfill them Yet?"

"No, the current performance expectations of 'Internet Finance' companies that focus on 'financial transaction system software production and maintenance' and 'emerging financial services' are still rapidly improving, and 'Ari Baba' has not yet been determined. Listing on NASDAQ, and even its final listing price, have not yet been finalized.”

"For the trading market..."

"Once the expectations have not yet landed, and the expected imagination space is still improving."

"Then, the stock price performance of related individual stocks is likely to be far from the peak."

"What kind of expected logic do we follow when we intervene in these two concepts, then we should also follow this expected logic when exiting the market to take profit."

"This is the fundamental logic of holding positions, and it is also the fundamental trading principle for us to judge the market's buying and selling points."

"Following this logic to buy, sell and hold positions, we will not be blinded by the temporary ups and downs of the market, and ultimately be swayed by emotions."

"Of course……"

When Su Yu said this, he looked away from the fiercely fluctuating market in the two markets, looked around at everyone in the trading room, and then continued with a smile: "Once our logical expectation of buying is realized, the market will have a greater impact on the stocks we hold. The future expectations of the company have also received positive feedback, and the growth target of individual stocks has reached our original expectations, so we should not be nostalgic, and we should decisively reduce our positions and take profits."

"It doesn't matter whether we reduce our positions, or after we clear our positions and take profits out of the market."

"How will the subsequent trend of this stock change, whether it is rising or falling, and if the new entry expectation logic has not been formed, you should not go back and make this check again."

"In general, we're buying and selling stocks."

"The principle to be followed should not be the stock price performance we intuitively see, but the internal expectations and emotional changes."

"Understood!" After listening to Su Yu's analysis, Wang Can was silent for a moment, then nodded.

Of course... only he himself knows whether he really understands it or not.

"So..." Su Yu continued after Wang Can's response, "The first priority for us to adjust and reduce positions is to understand that the check that needs to be reduced or cleared is not expected to reach the top? As long as we understand this One point, you can clearly know what to do next.”

Along with the trading room, everyone discussed and analyzed the market trend.

When Su Yu turned his head and paid attention to the market again, the time trading time had passed 9:19 and entered the real call auction stage of the market after 9:20.

I saw that after sizing up the false pending order and canceling the order at 9:19...

The situation presented by the market is more extreme than the situation presented by the market at 9:15.

In the entire market, a number of concept sectors and industry sector indexes related to the two main lines of 'military industry' and 'infrastructure' have all achieved a high opening at the moment. Among them, many popular stocks, such as 'Beijiang Communication Construction' and 'Fushunte' Steel', 'Huaguo MCC', 'Huaguo Railway Construction', 'Shanghai Construction Engineering' and other tickets have also opened higher across the board, especially the two checks of 'Beijiang Communication Construction' and 'Fushun Special Steel', even They all opened higher by more than 5 points.

And the whole main line of 'technological growth'.

Whether it is the major sectors of 'domestic software', 'film and television media', 'Apple concept', or the major concept sectors such as 'Internet finance', 'e-commerce' and 'mobile payment', all of them opened lower, and each concept index The lower opening ranges are all above 1%.

As for the hot stocks in the entire 'Technology Growth' mainline area.

'LeTV' maintains a one-word price limit call auction trend, and the price limit orders have increased from 40 lots to nearly 45 lots; 'Huayi Brothers' fluctuated around a 7% drop, and the market call auction orders increased rapidly , and there is also a trend of falling limit; 'Netspeed Technology' has slowly rebounded from the initial decline of about 7% to a decline of 5%. 'The decline was about 3%. Although the decline was not large, the selling funds on the market also emerged in an endless stream...

Overall, the entire 'Technology Growth' mainline area.

Influenced by the negative impact of "LeTV", as well as the overall turn of the market on Friday, countless short-term funds were locked up, eager to cut positions and stop losses, and last week's continuous hype on the line of "Technology Growth", various profitable companies Under the influence of profit taking and selling of funds.

A substantial panic selling and crash situation has formed.

At the same time, it also forms a sharp contrast with the two main lines of 'military industry' and 'infrastructure'.

"Hey, I didn't expect that the opening would be so tragic."

At 9:21 a.m. in Shenzhen, inside 'Pingyin Asset Management', in the core trading room of the main fund, Liu Ziliang, the general manager of the asset management business, stared at the rapidly changing market, frowning, still feeling very depressed and feeling Said: "In the form of 'LeTV', a price limit can't be stopped at all. It's really impossible to sell any chips."

They hold a very heavy position on this check, and at the same time, this time... also really suffered heavy losses.

It can be predicted that through their adjustment of positions during this period, they have completely stepped on the wrong market rhythm, and in the next few days, the net worth performance of several of their main funds will be quite ugly.

Of course, it is useless to care about these gains and losses now.

What he should think at this moment, what he can think about, is how to induce and leverage the market, and try his best to make his own chips on the line of "technical growth" quickly reduce positions and stop losses, and reduce corresponding position losses.

"Mr. Liu, we have nothing to do with the check for 'LeTV' for the time being." Fund manager Chen Shen said, "However, the two hot concepts of 'Internet Finance' and 'E-Commerce' are as Mr. Liu predicted on Friday. As mentioned above, it has now become the most resistant conceptual hotspot in the main field of "technological growth". I think...we can leverage the main line of "technical growth" by following these two conceptual sectors. emotional."

"There is also the direction of the main board, the two main lines of 'military industry' and 'infrastructure'. The initial expectations are too strong, and the high opening rate is estimated to not be low."

"In this case..."

"I think that due to the influence of the market's incremental funds and investment confidence that has not yet fully recovered, the concept sectors of the two lines of 'military industry' and 'infrastructure' will definitely have some violent shocks after the opening. If the two major sectors of 'Internet Finance' and 'E-Commerce' are induced at the right time, it should be able to induce some funds to flow into the main line of 'Technology Development' for bottom-hunting, and temporarily recover the sentiment of this line. "

"In this way, we hope that we can take advantage of the recovery of sentiment and increase in liquidity to reduce our positions significantly and stop losses quickly."

Hearing Chen Shen's words, Liu Ziliang pondered for a moment, let out a breath, and said with a soft sigh: "The matter has come to this, and we can only operate and choose in this way."

After finishing speaking, he immediately said Chen Shen one after another.

Let the trading teams of several of its funds use the remaining working capital to properly undertake the hot stocks in the core components of the 'Internet Finance' and 'E-Commerce' fields, driving these two concept sectors. The depressed market sentiment has induced various Still bullish on the market development of these two concept sectors, as well as other funds on the trend of individual stocks, concentrate on attacking the market upwards, and bring back the hype sentiment of the collapse.

However, as the institution "Pingyin Asset Management" takes a slant and invests funds, the two main lines of "technological growth" such as "Internet Finance" and "E-commerce" are relatively expected and relatively resilient. Many funds have not completely collapsed as the entry point, driving the hype sentiment of the entire "technological growth" main line...

When the core concept stocks with high attention in the two concept sectors of 'Internet Finance' and 'E-Commerce', namely 'Hengsheng Electronics' and 'Sanjiang Shopping' suddenly changed, the call auction trend suddenly rose from the deep water, and the volume exploded It has been rising steadily, and the decline has narrowed rapidly.

A group of institutions including 'Yuhang Investment', as well as groups of hot money and small and medium retail investors.

Instantly noticed the change.

"Hey, Boss... As you said, the two concept sectors of 'Internet Finance' and 'E-Commerce' have not been fully expected, and gradually climbed up from the water." At 9:23, Inside the 'Yuhang Investment' company, in the trading room of the main fund, Wang Can stared at the market with a hint of surprise in his eyes, "The collective bidding trend of 'Hengsheng Electronics' and 'Sanjiang Shopping' has completely changed from before. What a look!"

(End of this chapter)