My Fintech Empire
Chapter 1119 [Changing offensive and defensive positions]
Today, Friday, is the last trading day of this week, and it is also the last trading day of the first month of the new year. The A-share market, which has plummeted for almost a whole month, ushered in a retaliatory rise on this last day. At present, the market is considered Stabilized.
However, the latest monthly K-line of the market index is still very ugly. Today, the Shanghai Composite Index closed at 2737.60 points, and the monthly line fell by -22.65%. If it hadn't been for the sharp rise on the last trading day today, the A-share market might have been hit this month. The biggest monthly decline in the past 20 years.
But even so, the monthly decline was the largest single-month decline in the past eight years. The catastrophic market in the second half of last year had never seen such a tragic single-month decline.
Now the investors of Big A agree that it is fortunate that God K once again took action at a critical moment. Investors all feel that the only right thing the village did this year was to call the stars. If God K hadn’t made a move, the market would have been affected. The index needs to bottom out below 2,500 points.
…
A domestic private equity institution.
At this moment, the trader of the private equity institution and his team are conducting review analysis.
One of the analysts concluded: “I believe that the current new low of 2638.30 points that the index has reached is an effective support level for a long time to come, that is, the real market bottom. As long as some unexpected black swans don’t suddenly appear. Event, there is a high probability that this point will be difficult to break again within this year, and I think all the funds in the current market think so.”
The person in charge of the trader said: "How do you say that?"
The analyst said: "Because Fang Hong stood up and roared at this time, an army of retail investors responded to his call. This was a very terrifying market force, and it also caused other people who wanted to open their positions to simply not dare to do so. If we continue to be bearish, and more people choose to follow the general trend, this synergy will in turn be strengthened.”
Another analyst said: "Indeed. In a sense, the bull's 'momentum' has taken shape today, and now it has successfully created a 'momentum'. At this time, the correct strategy should be to follow the trend and open large positions against the trend." The probability will be crushed by the bullish trend.”
He looked around at the team members present and added: "Just like that period at the beginning of the month, the 'trend' was on the short side at that time. If you had been forced to go long at that time, you would have been crushed by the short trend."
Thinking of the market situation at the beginning of the month, everyone present couldn't help but feel a chill. At that time, there was a double kill in stocks and exchanges, major shareholders were expected to reduce their holdings, and the external market plummeted. Major bad news came one after another, and short positions also occupied the market. If you don't understand the general trend, you can only go short at that time, and you will definitely die if you go long.
In the review conference room, the previous analyst spoke again: "Now that both the long and short sides have changed their positions, the foreign exchange market did not break through the 7 mark as quickly as we expected. On the contrary, Qunxing Capital announced in a high-profile manner that it will The onshore market swept 1.85 trillion yuan, and it must be more than 2 trillion now. This is a sign to the outside world that they are strongly involved in the foreign exchange market."
"Fang Hong's banner is extremely intimidating in today's financial market. Judging from the current actual situation, Qunxing's strong move in the offshore market has really held the offshore RMB exchange rate. Unexpectedly This is also reasonable. During this month, many short-term funds that competed with the stars gathered together to liquidate or close their positions. It is not uncommon for those who went to the sea to go to the rooftop. "
The people present also felt chills in their hearts when they heard this. As insiders, they knew how much the capital market for foreign exchange speculation in the industry had exploded recently. Some of the capital market traders they knew had several options. He ended it all by jumping from the rooftop.
They also felt Fang Hong's ruthlessness and the sharpness of the scythe of Qunxing. As insiders, they naturally understood that those funds that were liquidated and liquidated were basically harvested by Qunxing.
The key is not to show off yet, I can only break my teeth and swallow it in my stomach. I absolutely dare not come out at this time to say anything wrong with Qunxing or how cruel Fang Hong is.
Because Fang Hong and Qunxing Capital are now absolutely standing on the moral high ground, keeping pace with the interests of the country and nation, and are competing with overseas financial groups at the forefront of the financial battlefield.
If you dare to speak out against Fang Hong at this time and accuse Qunxing Capital of saying that he has screwed you up, that good guy is tantamount to exposing your position and pointing your butt to the outside.
After all, they are also accomplices of overseas short-selling forces.
When the time comes, not to mention the loss of wealth, I might end up wearing a pair of silver bracelets.
During this period, in order to stem the source of RMB outflows from the onshore market, Fang Hong was personally guaranteed by the higher authorities, so he would definitely do what he said. It is conceivable that the intensity involved was not unreasonable.
Relevant parties have investigated and dealt with many people in accordance with the law, including many underground banks that were liquidated on a large scale. A large number of people went in and used sewing machines.
Those who were short on the renminbi in the foreign exchange market and seriously misjudged the situation and suffered miserably. Now they dare not even say a fart. They are even afraid of speaking too loudly because they are afraid of the sun shining in. How can they dare to do so at this time? Jump out and attack the stars? Do you think the inspection team's ears are not working well or their eyesight is not very good? It's like running around the streets with a dung basket on his back - looking for excrement (to die).
But at this moment, the trader of the private equity institution said slowly: "You are right. Fang Hong not only held the RMB exchange rate in the offshore market, but now he still has the energy to raise a hand in the stock market. This is incredible. This incident also shocked all the funds in the industry.”
The previous analyst immediately said: "I think Fang Hong's move is sending a strong signal to the outside world, that is, he or Qunxing Capital is invincible in the financial market. Fang Hong is fighting with international short capital in the offshore foreign exchange market. At this juncture, he still has enough energy to raise a hand in the stock market, which is telling you that with all kinds of funds, he did not feel much pressure in the confrontation with the international short capital group in the foreign exchange market, and was even very relaxed, so relaxed that he could hold on to the foreign exchange market. At the same time, you can raise another hand in the stock market.”
Everyone in the conference room nodded involuntarily when they heard his analysis.
In fact, because of this, all kinds of funds will be shocked when they see this level of signals, let alone carry out a short-selling strategy on A-shares at this time.
When confronting Fang Hong, if you misjudge the situation, the consequences will be disastrous. The current miserable situation of the guys playing in the foreign exchange market is a lesson learned from the past, and it has not cooled down yet.
After this review and analysis, this trading team quickly changed the market outlook trading strategy and chose to follow the new general trend and go long. This private equity market did not go to the foreign exchange market. Their main business is strategic stock index futures, including of course Spot indexes also have strategies.
Now we are firmly committed to the long strategy, and the next operations will also be carried out around the core strategy of long.
It’s not just this private equity institution. At this time, the funds of many investment institutions have begun to change their strategies and have gone long.
In the eyes of these funds, it doesn't matter whether you open a short position or a long position. Being able to make profits from the market is the essence. The key is to make a correct judgment and follow the general trend. If you judge that the market outlook will further decline, then open a short position to make money. Short profit, otherwise go long and earn long profit.
Since now the long and short positions are changing, and the trend is in the long direction, then go long.
…
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