Rebirth of the investment era

"Brother-in-law, no one could have thought of this benefit in advance, right?" When Gu Chijiang was angry and depressed, Mu Yao, who was sitting next to him, said, "Although we didn't catch the train, Director Hao was here." The judgment on the investment direction of "Liquor Dilemma Reversal" is correct. For more than a month, our fund has taken advantage of the heavy position in the liquor sector, as well as "Jincheng Fenjiu" and "Qianzhou Moutai" to outperform the broader market and CSI 300 Index?”

"Outperforming the CSI 300 Index and the broader market is all you pursue?" Gu Chijiang glanced at his brother-in-law in front of him and said angrily, "Do you know the performance of the fund he managed, the person who beat you last time? Is that so? Before the net value of the fund was fully closed, the net worth of the fund had already doubled in one month."

"besides……"

"Don't follow Hao Wei's nephew Liu Ze, fooling around in bars and nightclubs all day long. Learn more on your own. Don't be embarrassed and conspicuous outside all day long. You're not only losing my face, but also your sister's." .”

"I originally thought that this person named Hao, who has been in the Huaxin Securities Sales Department for so many years, should have some skills, but I didn't expect... I still looked at it but it was useless."

"Is brother-in-law planning to let him go?" Mu Yao asked in a low voice after being scolded.

Gu Chijiang put down his tea cup and said coldly: "Since he has no ability and can't bring me profits, then why should I keep him? The company has always... not raised idle people!"

Mu Yao was frightened when he heard this.

"I think the main line of 'Shanghai Free Trade Zone' won't last long. After all, the Shanghai Free Trade Zone has been hyped in advance and has increased by almost 50%." After a pause, Mu Yao said, "Brother-in-law, liquor The sector is not without a future, the valuation of Qianzhou Moutai is really ridiculously low."

However, he just finished speaking...

Another blockbuster news popped up on the financial information website that Gu Chijiang followed.

The content of the message is a major red-headed document on "anti-corruption and promoting integrity, and further control of public consumption", and the direct negative spearhead of this document is directly aimed at the liquor sector.

Seeing this, Gu Chijiang's anger, which had been suppressed, suddenly burst out.

He slammed the teacup, looked at Mu Yao who was in front of him, and shouted directly: "Get out of here, get out of here as far as you can, and... tell that kid Liu Ze to get out of here right away." , I get annoyed just looking at it.”

Seeing the angry look on his face, Mu Yao was startled, but she didn't dare to touch his anger, so she stood up and walked out.

Gu Chijiang looked at Mu Yao leaving, turned around, and roared again, "Hao Wei came to mislead me," and immediately called the company's personnel to prepare to fire this person.

Of course, at this moment, Hao's uncle and nephew did not know that they had been fired by the new owner.

Little did he know that Gu Chijiang was already preparing to add insult to injury, blaming all the reasons for the fund's net value loss on them, asking them to take over Pengyuan Real Estate, and the Ning family's assets would be lost.

And this moment...

Su Yu saw that the country was further tightening the consumption documents of the three public affairs in the anti-corruption campaign. He was very happy when he thought of the nail he had buried for Jingda Investment by using 'Jincheng Fenjiu'.

In the A-share market, if there are no good stocks, they must rise and must maintain high valuations.

As the saying goes, everything is a cycle. When market expectations and sentiments do not reverse and a new cycle does not arrive, no matter how low the valuation is, it is not the bottom.

The valuation of the liquor sector at this time is indeed low enough.

‘Qianzhou Moutai’ and ‘Jincheng Fenjiu’ are indeed excellent companies with excellent business models.

However, when future expectations not only fail to change for the better, but worsen, a valuation of 10 times can also fall to 9 times or 8 times, becoming a real low valuation trap.

Without absolute patience and determination...

It will be very difficult to get up from this pit.

Of course, the bad news for specific sectors such as "further tightening of public consumption" is hidden in the great good news of the "Shanghai Free Trade Zone", and not many people are paying attention.

The entire market, overall investment sentiment and future expectations for the market.

At this moment, he still remains high-spirited and excited.

And in the evening, late at night, the trend of the external market also opened and moved higher, which was like adding fuel to the fire, further stimulating the mood of the entire market.

The next day, in this extremely high and excited mood.

In the minds of the majority of investors, the "idea market" has reached the daily limit, and the two cities have ushered in a new round of opening trading.

At 9:15, the collective bidding in the two cities began.

The entire 'Shanghai Local' sector, with more than 160 stocks, all opened higher and none fell under the direct positive stimulation of the 'Shanghai Free Trade Zone'. Among them, such as Shanghai Materials Trading, Shanghai-Hong Kong Group, Lujiazui, Pudong More than a dozen core concept stocks such as Jinqiao, Jinjiang Investment, Jinshan Development, Oriental Ventures, Huamao Logistics, Shanghai Sanmao, Shanghai Steel Union, etc., all have reached daily limit, and the closing orders have exceeded 200,000 lots, even hundreds of billions. Shanghai Pudong Development Bank's shares in the circulation market all opened higher by more than 7 points.

In addition to the ‘Shanghai local’ sector, there are nearly 2,000 stocks in the two cities.

Boosted by the benefits of the "Shanghai Free Trade Zone", the number of red listings has exceeded 80%, and the mood of the collective bidding can be said to be quite good.

Of course, there are exceptions in the overall hot collective auction situation.

For example, the liquor sector, which was facing the most negative news, opened lower directly against the trend. Its core stocks, such as 'Jincheng Fenjiu', 'Qianzhou Moutai', 'Wuliangye', 'Luzhou Laojiao', etc., opened lower by 2% to 5%. No wait, within the sector, many checks have reached record lows, and selling has been heavy.

9:16, 9:17, 9:18...

As the collective bidding time goes by, various incremental funds outside the market are increasingly gathering towards the 20 or 30 core concept stocks in the first and second tiers of the 'Shanghai Free Trade Zone'. Within a few minutes, each concept has On the stock's daily limit board, the accumulated buying funds totaled more than 10 billion.

At 9:20, time enters the real collective bidding session.

The number of stocks with daily limit has not decreased, but is still rising.

After seeing that it was obvious that core concept stocks could not be bought, various funding channels began to spread to fringe stocks that were not so pure in concept but could still be linked to the "Shanghai Free Trade Zone". They wanted to take advantage of this trend. It's great to speculate on profits as quickly as possible.

At the same time, there are many small-cap market makers with extremely poor liquidity.

At this moment, its collective bidding board also became active. The bookmakers, with the purpose of "fishing for their money", wanted to take advantage of the hot spot of the "Shanghai Free Trade Zone" to attract less intelligent or relatively greedy retail investors. Big investors and hot money are following the trend, helping themselves to carry their sedan chairs, or helping themselves to get out of trouble.

In short, whether on or off the field.

Funds from all walks of life and investors from all walks of life have different motivations and different operating strategies under the great favorable conditions.

At 9:25, the collective bidding ended, and the two cities ushered in a short cooling-off period before the official transaction.

The Shanghai Stock Exchange Index opened 1.1% higher, the Shenzhen Stock Exchange Index opened 0.89% higher, and the ChiNext Index opened 0.57% higher. 75% of the stocks in the two cities were in red, which is considered a very good opening situation.

In terms of sectors, ports and logistics are in the first echelon, with sector increases greater than 1.8%; real estate and trade are in the second echelon, with increases greater than 1.5%; finance and shipping are in the third echelon, with increases greater than 1.1%; other major sectors Industry sectors were all lower than the Shanghai stock index. However, dragged down by the liquor sector, the entire beverage manufacturing industry sector ranked last, becoming the only sector in the two cities to buck the trend and fall.

In terms of popular stocks...

There are more than ten branches of the "Shanghai Free Trade Zone" such as Shanghai Materials Trading, Shanghai Hong Kong Group, Lujiazui, Pudong Jinqiao, Jinjiang Investment, Jinshan Development, Oriental Entrepreneurship, Huamao Logistics, Shanghai Steel Union, Shanghai Sanmao, etc. The core concept stocks maintained a trend of daily limit. During the entire call auction, the trading volume was sluggish, the volume was severely reduced, and the market consistency was very strong.

Qianzhou Moutai and Jincheng Fenjiu are two stocks that have soared in popularity due to sudden negative news in the liquor sector.

They opened more than 3 points lower one after another, and the call auction trading volume exploded significantly. The market sentiment was extremely bad, and there was a trend of opening lower and selling lower, reaching new lows again.

Huaqingbao, Changqu Technology, Fenda Technology, Tianyu Information, and Huake Financial, which were the leading early-stage GEM stocks that performed relatively strongly yesterday, rebounded sharply and even reached the daily limit yesterday. Today's opening scene is not very ideal. It only opened higher by 0.3% to 1%, and throughout the collective bidding stage, the intensity of the financial attack was not strong, and the ability to undertake it was limited. It seemed that the entire market was forgotten by the market after a flash in the pan.

Of course, this also illustrates the core concept stocks related to the "Shanghai Free Trade Zone".

The capital siphoning effect on the market is too strong, which directly makes it difficult for other sectors and stocks with weak prominence and low predictability to attract strong funds.

And this will also make it difficult to continue the general rise in the two cities.

"This call auction performance..." Su Yu stared at the fixed index and the overall opening scene of the two cities, complaining, "In the entire 'Shanghai local stock' section, 21 stocks have reached their daily limit, and funds have been piled on the closing orders, totaling more than With the amount of 12 billion, the capital siphon effect is too strong. Without such a huge amount of active funds, in addition to the 'Shanghai local' sector that is well supported by the market today, I am afraid that other sectors will not be able to recover without sufficient funds to take over."

The market performance in a bear market is often a "loss if it overflows" situation.

After all, when the overall market confidence has not been restored and incremental funds are insufficient, if a popular main line market occupies too much active market liquidity, it will inevitably cause a siphon effect of funds and cause other sectors to lose blood.

"But there shouldn't be much risk, right?" Li Meng continued.

Su Yu nodded and replied: "Most of them are shocks. There are a lot of funds that cannot buy the core stock chips of the 'Shanghai Free Trade Zone'. If other sectors of the market are insufficient to take over, there will be bargains to be made if the market falls." , these funds who cannot buy chips will most likely cancel their orders and grab bargains first, so there is not much hope for the index to rise sharply today, but the risk of falling is also very small, and it is nothing to watch.”

"Yeah!" Li Meng responded, "But for the main line of the 'Shanghai Free Trade Zone', today is a general rise."

Su Yu said with a smile: "It's natural, such a huge benefit. If these relatively pure concept stocks can't even hold on to one board, then it's really a market problem. But starting from tomorrow, it should be entering the knockout process. And the knockout rounds...are where the real excitement begins.”