Rebirth of the investment era

"With this trend, the index will probably fall again, right?"

Seeing the market closing like this, some people raised questions among the large group of retail investors gathered in the discussion area of ​​the trading platform and the stock investment forum.

"Next week, the Shanghai Stock Index will most likely go to a new level. Alas... the external trend is so good, and there is no shortage of good news on macroeconomic news. The key is in the early trading, market sentiment, following the trend, and the amount of funds received are also all Very good, I don’t know how it ended up like this?”

"There is no money-making effect. What else could be the reason?"

"The hot spot of 'Meal and Color' is actually quite promising if it can last until the close and the market will make a strong rebound. But I just don't understand why the main funds in the market suddenly gave up on these two hot spots in the afternoon. , the market is in such a bearish state, what expectations can 'Venture Capital' have? 'Venture Capital' pulled it in the afternoon, I simply can't understand it!"

"The 'coal' and 'non-ferrous' sectors actually showed their decline before midday. Even if the main funds in the market did not switch to the concept of 'venture capital' in the afternoon, the two hot spots of 'coal flying and color dancing', It won’t last until the closing time, right? After all, the higher the market goes, the greater the selling pressure will be.”

“Then we can’t just talk about the concept of ‘venture capital’!”

"Anyway, I think strong support is better than rapid switching. The market hot spots switch so frequently that there is basically no funds to keep up. Doesn't this clearly tell everyone that the market has no money-making effect, so don't follow the market?"

"Actually, I think pulling the two major oversold cyclical sectors of 'coal' and 'non-ferrous metals' in early trading is already a failure!"

"Indeed, it would be great if we could continue to focus on the three main lines of 'infrastructure', 'state-owned enterprise reform' and 'Internet finance' as the core hype. It is estimated that the sentiment and follow-up effect will have been achieved long ago!"

"The key to the last hour of trading today is that funds have returned to the main areas of 'infrastructure', 'state-owned enterprise reform', and 'Internet finance' to stir up idle work. This is really speechless. In today's market, although It’s not a big drop, but the trend is really chaotic.”

"The only word to describe it is 'a mess'."

"I'm so confused. I don't know what the hot spots are, let alone which stock is the core leader."

"Hot spots switch so frequently that there is no longer any concept of leading concept stocks."

"This market is about what you follow and what you lose. It seems that the index is rising. There are nearly 2,000 stocks in the two cities, and the majority are in the red market. But if you really analyze it carefully, the money-losing effect in today's market is much stronger than yesterday. , It was even almost the same as the big drop the day before yesterday.”

"Indeed, basically, as long as you follow the hot spot, you will be trapped."

"Looking at this situation, the rebound won't end just like this, right?"

"There is a high probability that it will end like this. Even if there are recurrences, we can't expect too much anymore. We can't even reach 2,300 points. No matter how high the position is, there is no hope."

"Hey, if you don't go up, you will go down. If you can't go up, it's time to go down!"

"Indeed, if the rebound cannot continue, the index cannot hold on at this position. It will either have to find support above 2,300 points, or it will have to find support at 2,200 points."

"Fortunately, the market volume can still exceed 100 billion. As long as there is volume, there will be opportunities. You can wait a little longer."

"Next week, the capacity is estimated to fall below the 100 billion mark. The active speculation funds on the market have almost attacked in a circle during the two-day rebound of the market, but they still have not found an effective market breakthrough. I really can't expect too much from the market outlook. More, anyway, it’s always right to be light on your position and cautiously buy at the bottom.”

"I don't understand. It feels like the index has dropped a lot. Why is the rebound so weak?"

"Buying stocks is the same as buying a house. You buy up and not down. The lower the price, the weaker the market trend and the lower the willingness of the majority of investors to participate. Isn't this normal?"

"Then this decline will be endless?"

"Just wait until the market falls completely. If there is nothing to fall, it won't fall."

"What do you mean there is no way to fall? There is a floor down from the foot of the mountain, a basement below the floor, and eighteen levels of hell below the basement. It is really a bottomless pit!"

"The volume can fall back to 50 billion or 40 billion. If the market loses liquidity, it should be considered unable to fall."

"If the trading volume is cut in half, then won't the stock prices of most stocks in the market have to be cut in half again?"

"I don't know about the other tickets. The check for Beixin Road and Bridge is still digging holes to bury people today. It feels like it has been cut in half again. It's really not surprising at all."

"Who the hell is still connecting to Beixin Road Bridge at this time?"

"An old faucet is not as good as a dog. Remember this sentence and you can save a lot of money."

"The index did not go up today, but the K-line trend went bad again that day. Alas... I just hope that the external market trend can continue its strong rebound today, otherwise the market opening next Monday will probably be ugly again."

“Not only did the daily K-line go bad, but the Shanghai Stock Index’s weekly line also went bad.”

"Technically, the Shanghai Stock Exchange Index may not be able to hold on at 2,200 points. Once 2,200 points are broken, only 2,000 points will be the bottom support mark."

"Day after day, year after year, how long will this bear market last?"

"Continue until old age."

"Continues until death."

"It will probably last until my grandchildren start trading in the stock market!"

"I feel like it will take me another lifetime to see the Shanghai Stock Exchange Index reach 5,000 points again."

"I don't need to see the Shanghai Composite Index at 5,000 or 6,000 points. I only need the Shanghai Composite Index to return to 3,000 points. Damn it, the index has basically not changed in ten years. This is outrageous in any country's stock market. !”

"Hey, I really regret trading in the stock market. It really cost me my life and death."

"The key is this thing, which will make you addicted to losing money. The more you lose, the more you want to continue investing money to cover your position."

"It's human nature. After a loss, you always want to cover your position and recover your losses. It's normal."

"Damn it, the more I lose, the more I want to cover my position. I feel like stock trading has turned me into a lunatic. Hey... I am destined to be a leek in this life!"

"Stop being so pessimistic. If the index dies, it will fall another 300 points."

"It is true that the index may stop falling by another 300 points if it is too strong, but specific sectors and individual stocks can be cut in half, and then cut in half again!"

"Judging from today's market conditions, there is definitely no hope for the market to reverse in the short term."

"Now we can only hope that the regulators will provide some more favorable results over the weekend."

"It's negative. I don't think it's of any use. It will affect the few minutes of the opening at most, and how to proceed in the future."

"Although the hope is slim, you still have to have some hope. What if it comes true?"

"Let's take a look at the Dragon and Tiger List first!"

"I hope there will be some surprises on the Dragon and Tiger list, otherwise the market trend will be really disappointing."

"Surprise? What surprises can there be? Mr. Su's 'Fortune Road' re-purchase?"

"If Mr. Su's 'Wealth Road' really buys again on a large scale, it will not only be a surprise, but also the biggest benefit to the market at the moment."

When the large retail investor groups gathered were having heated discussions and had some expectations for the Dragon and Tiger List.

Before I knew it, 5:30 pm arrived.

Under the spotlight, in the refreshed dragon and tiger ranking data of the two cities, there is no figure of the Yuhang Department’s capital trading seat ‘Fortune Road’.

Moreover, not only is there no ‘Wealth Road’ figure.

Data from the entire Dragon Tiger List shows that among the 17 stocks on the list, the active hot money seats still show a net selling trend in terms of total trading volume, and they are also among the top hot money seats in the market, such as 'Chunhui Road' and 'Four Seasons'. Road', 'Yitian Road', 'Hongqiao Road', 'Yanjing Beiwai Street'... and other trading seats are also in a net selling situation, revealing that these smart funds active in the market are basically in a In the process of continuing to reduce positions and continuing to be bearish on the market outlook.

"Chunhui Road, Four Seasons Road, Hongqiao Road... all of them are cutting their positions and leaving!"

After the market dragon and tiger ranking data were released, news began to explode in the Yuhang main hot money group where Su Yu was located.

"What does this mean? It means that the current market does not have any sustained profit-making effect, and it means that the current market situation is indeed very difficult to do."

"The big bosses are starting to leave the market to take a rest, so I won't insist on it anymore. I will clear the stock next Monday."

"If it's difficult to do, just rest. It's indeed the right thing to do."

"You are a master who has learned how to short positions. I envy those who can resist greed at critical moments, wait and see short positions, and wait patiently for opportunities."

"Even the dead bulls of 'Hongqiao Road' have retreated, so there really isn't much hope for the market in the short term, right?"

"From the 'one-day tour market' to the 'half-day tour' market, and then to the 'one-hour short-term market hotspot' market, what hope can there be in this dizzying switching speed of market hotspots? Regardless of big funds, For small funds, if you enter at this time, you will receive orders from selling funds who want to exit quickly.”

"There really are no sustainable market hot spots to be found. It seems like there are a lot of hot spots today, but in fact they are all pitfalls!"

"I've been cheated, and now I'm regretting it."

"What the hell, I just said there was no chance on the left side, but... I still didn't stop it."

"The index has not completely fallen. In this case, buying the bottom is really asking for death."

"To be honest, I didn't expect that the market's oversold rebound could be so weak when there was good cooperation from both inside and outside."

"Today's trend is completely a relay trend of decline."

“Looking at the current overall market sentiment, except for those financial media, state-owned institutional analysts, and chief investment advisors of securities firms who cannot change their tune, basically all investment groups are already biased towards bearishness. With this kind of sentiment brewing, if There is no big gain over the weekend, and there is a high probability that it will plummet next week!”

"Next week is the final battle of the monthly line."

"If the index falls back to 2,200 points next week, the monthly trend this month will be ugly, and there will probably be no good market trends in June and July."

"June will probably not be good. There are semi-annual report performance expectations in July that can be speculated on, and it should be better."

After the Dragon and Tiger List was refreshed, active hot money groups participating in the market began to be bearish and expressed pessimism about the market outlook.

Regardless of large or small capital groups, major investors or retail investors.

The long and short sentiments are gradually becoming consistent.

Fortunately, as the market's bearish sentiment further brews and consistent bearish expectations have once again been basically formed, the external markets in the evening continue to rise sharply, giving another blow to the domestic financial market where bearish sentiment is rampant. A life-sustaining shot in the arm.

And on Saturday, regulators.

Based on the "Shanghai-Hong Kong Stock Connect" news circulating in the market, the spokesperson accurately expressed his opinions and clarified the policy arrangements in this regard. At the same time... he also stated that in the follow-up time, the regulatory authorities will also introduce some beneficial measures. Policies and measures for market development will continue to increase the injection of liquidity into the market.

Under this continuous attack of favorable internal and external conditions, the bullish sentiment in the market has once again revived.

However, although the regulators have made it clear that there will be more good news in the market outlook, and the external market is still rebounding in great strides, the short sentiment in the domestic market still has an absolute advantage, and the vast majority of investment groups are still optimistic about the market outlook. The view seems very pessimistic.

And during this period...

Under the arrangement of Liang Bin of the company's venture capital department, Su Yu met with Yu Chengrong of Weir Semiconductor Company at 5 pm on Saturday, and in the end, during the negotiation between the two parties, he won 25% of the shares of Weir Semiconductor Company with 300 million funds. ratio and signed a preliminary investment agreement.

"Mr. Su, I didn't expect that you are not only a master in stock investment in the secondary market, but also a master in investment negotiations in the primary market!" When the preliminary investment agreement was signed, Yu Chengrong reluctantly He couldn't help but praise with a smile, "Of course, I didn't expect that the IC designer our company had worked so hard to recruit from the research institute would actually have such a deep connection with Mr. Su."

Su Yu handed the preliminary investment agreement document in his hand to the assistant beside him and said with a smile: "This shows that our 'Yuhang Investment' has a destiny with your 'Vail Semiconductor'. It also shows that Chairman Yu has a keen eye for pearls and knows people well." appoint."

"Not as good as Mr. Su!" Yu Chengrong glanced at Liang Bin and He Qian next to Su Yu pointedly, and said, "Mr. Su's men are really capable. With such a group of talents, I believe The future of 'Yuhang Investment' will be infinitely bright, and I believe that many legendary investments in the domestic financial and investment circles in the future will be created by you, Mr. Su."

Su Yu smiled and said: "Chairman Yu is so polite. I only hope that we can have a happy cooperation in the future. I also hope that Vail Semiconductor can become an important leading company in the domestic semiconductor field in the future. After all, this way... we will live up to our success today." Just sit here and negotiate."

"Haha..." Yu Chengrong laughed, stretched out his hand to Su Yu again, and said, "Okay, I hope we can cooperate happily in the future!"

Su Yu nodded slightly, then stretched out his hand to shake his hand again.

Immediately afterwards, the two parties continued to exchange greetings and polite words before they dispersed.

"This investment has come to an end for the time being." After sending away the negotiating delegation from 'Vail Semiconductor', Su Yu said to Liang Bin and He Qian, "Now that the preliminary investment agreement has been signed, what about the subsequent Let An Xiaoya handle the contact and follow-up matters. You should keep an eye on the C-round financing of 'Yanjing Sankuai Online Company' and find a way to contact Mr. Huang. If there is a chance, you can arrange for us to meet. As soon as I saw it, no matter what, since you have caught this thread, you must participate.”

"There is no problem in leaving the follow-up matters of 'Vell Semiconductor' to Xiaoya." He Qian responded, "However, regarding the investment in 'Yanjing Sankuai Online Company'..."

He Qian paused and continued: "After preliminary understanding, Mr. Huang from 'Sankuai Online Company' has a big appetite. We may not be able to meet their financing needs, and I heard that General Atlantic Capital , has already been in contact with Mr. Huang of 'Sankuai Online Company', and according to industry gossip, I heard that General Atlantic Capital has given 'Sankuai Online Company' a very generous premium valuation."

"What is the initial valuation given by General Atlantic Capital to Sankuai Online Company?" Su Yu asked.

Liang Bin added: "The preliminary forecast should be around US$2.5 billion to US$3 billion."