Rebirth of the investment era

"Yeah!" Zhou Kan responded and said, "That's true!"

Xu Xiang paused for a while and continued: "After the expected overdraft of the GEM, the overall valuation level has become even wider than that of the main board. In addition, the two major markets of 'mobile Internet' and 'smartphone industry chain' As for the core main line and related popular stocks, with the rapid growth of performance last year, it is extremely difficult to maintain the performance growth rate of last year on the basis of a high base this year, and the expected space is not optimistic!"

"So, even though the basic logic of demand explosion and industry growth space for the two core lines of 'mobile Internet' and 'smartphone industry chain' is still there."

"But these two main lines are bound to have serious differentiation, and the difficulty of investment will continue to increase."

"at this time……"

"On the contrary, valuations have been repeatedly compressed, and the opportunities in the blue-chip direction of the main board, which are expected to have been reduced to the lowest value, are even greater."

"When everyone knows the investment logic of the two core lines of 'mobile Internet' and 'smartphone industry chain', and is strongly optimistic about these two areas, and believes that there are opportunities to obtain excess investment profits in the market, perhaps this is the opposite. Not much of a chance.”

Zhou Kan heard Xu Xiang's words, thought about it for a moment, and finally understood it, and said: "'Don't go to crowded places.' In stock market investment, this sentence reflects both emotions and investment direction. Indeed, financial transactions The market is essentially a stock market, and it is impossible for most people to make money."

"When everyone realizes that this is an opportunity, then this opportunity is no longer an opportunity!"

"I agree with what Mr. Xu said..."

Zhou Kan's eyes were bright, as if he felt that he had realized something again. He paused and continued: "Generally speaking, the two main lines of 'mobile Internet' and 'smartphone industry chain' have just passed the stage of conceptual hype." In the transitional stage of performance speculation, there is a high probability that performance expectations will follow.”

"In this regard, what is tested is the investment research and judgment capabilities of each institution on individual stocks in the field. Naturally, the difficulty will increase dramatically."

"But in the direction of the main board, if the sentiment is slightly repaired and expectations change, it will be a two-way expectation of performance and valuation. The space will be obviously larger than the 'mobile Internet' and 'smartphone industry chain' that have been greatly hyped last year in the direction of the GEM. 'The stocks of these two core main lines are stronger."

"And according to this logic..."

“I feel like this year’s market style may have to change!”

"Yes!" Xu Xiang nodded and said, "We must be prepared for the change in market style, and the next investment focus must be appropriately shifted to the direction of the main board."

"It's just..." Zhou Kan paused for a while and then said, "The exact investment direction in the main board field..."

Xu Xiang replied: "Let's first take a look at the market news and market trends. Don't be anxious. The market will bottom out and reverse, and it won't take one or two days. Now that the direction has been determined, we have a layout before that. time."

After saying that, Xu Xiang returned his gaze to the big screen in the trading room.

I saw that the time at this time had passed 9:30, and the two cities ushered in the official opening of trading.

When the call auction performance of the two cities was significantly lower than the expectations of many investors in the market, a large amount of selling began as soon as the market opened.

Then, in just five minutes.

The Shanghai Composite Index, Shenzhen Composite Index, and ChiNext Index, which opened higher, turned from red to green and fell underwater again.

"This trend is really weak!"

Seeing the index falling underwater within a few minutes, in the Shenzhen market, inside Xiniu Fund Company, in the trading room, General Manager Liu Xin couldn't help but sigh and said: "It seems that there is still no market, and a good start is a luxury."

"Not really." Next to Liu Xin, fund manager Fang Xinsheng, who was staring at the big screen in the trading room, pondered for a moment and said, "In the direction of GEM, 'mobile Internet' and 'smartphone industry chain' still have a certain degree of popularity and sentiment today, and they still have a certain degree of popularity and sentiment. There are two major concept sectors of 'Internet Finance' and 'Mobile Payment' brought about by the two emerging concepts of 'Digital Economy' and 'Digital Finance'. Although individual stocks in these fields have received a certain amount of selling within the first few minutes of opening. There was an impact, but the disk took on the force and did not collapse.”

"Coupled with these stocks, the decline for more than half a month and the retracement from highs are too fast and too urgent."

"At this position, these stocks are basically severely oversold."

"In other words, the oversold situation is serious, and most of the investors' chips that are locked up on the market are too far away from this position. Overall, it seems that the locked-up market is heavy, but in fact, the pressure for a rebound at this position is not great."

"Now, the benefits are highlighted..."

"Although there is little hope of a reversal, in this oversold situation, which attracts speculation from all sources of hot money, the probability of a rebound is still very high."

"Of course, there is still no expected change in the direction of the motherboard."

"Coupled with the fact that at this time, market capital is tightening, incremental funds are in short supply, and the market is still losing blood, it should be difficult for large-cap stocks to get out of the market."

"Then we... need to increase our positions?" Liu Xin asked.

Fang Xinsheng thought for a while and said: "Since it is a rebound and not a reversal, we can only operate according to the attributes of speculation."

"The two emerging concepts of 'digital finance' and 'digital economy'."

"The mood of the New Year's Day holiday has been brewing for so long. I think hot money in the market will definitely be speculated. In fact, the two major concept sectors of 'Internet Finance' and 'Mobile Payment', which are closely related to these two emerging concepts, have fallen back a lot at the moment. It’s less, but it still leads the gains in the two markets, and Tianyu Information still seals the daily limit.”

"So I think……"

"We can appropriately increase some chips in this area and create a rebound market."

After Fang Xinsheng finished speaking, without waiting for Liu Xin to respond, he turned around and gave an order to the trading team leader Mou Zhengxing: "Buy Yinjie Shares, Hengbao Technology, Zhengtong Electronics, Blue Sky Information and other stocks to undertake the 'Internet Finance' that has certain support." , 'Mobile payment' concept stocks, buy them at market price, you don't have to worry too much about the cost of opening a position."

After hearing Fang Xinsheng's words, Mou Zhengxing responded hurriedly.

Then, he conveyed the trading instructions to all traders, and at the same time, he began to move the mouse and place orders to buy relevant chips.

However, the order had just been issued and traders had not yet fully placed their orders.

In the field that Fang Xinsheng mentioned, namely the two conceptual fields of ‘Internet finance’ and ‘mobile payment’, many popular stocks have begun to rise rapidly and are in full riots.

Then, it was only a minute before he gave the order.

The two checks of Yinjie Shares and Jinzheng Shares went straight to the daily limit like lightning. In just a few seconds, they were completely blocked by large orders.

"Hehe, Manager Fang's judgment is truly divine!"

Liu Xin saw the two major concept sectors of 'Internet Finance' and 'Mobile Payment' mentioned by Fang Xinsheng. Sure enough, after the decline digested some of the selling, a large-scale active fund rush came to the market quickly, and he couldn't help but think about it. I admire the victory's judgment very much.

And with the rise of the two major concept sectors of ‘Internet finance’ and ‘mobile payment’, the market is picking up.

The popular stocks on the two main lines of 'mobile Internet' and 'smartphone industry chain' also immediately ushered in the counterattack of buying, thus driving the GEM index to turn red again from underwater.

Seeing that the selling was digested, the index stubbornly turned red, showing signs of restarting the upward trend.

In the entire trading room, traders followed Fang Xinsheng's trading instructions and finally without any hesitation, quickly transferred the account funds they were responsible for into the target stocks.

And at the same time...

Su Yu is in the main hot money group of Yuhang.

Many market hot money investors have seen the market rebound from the decline, and the two major concept sectors of 'Internet finance' and 'mobile payment', which are recognized by the majority of market investors as the most realistic manifestations of 'digital finance' and 'digital economy', have soared. Everyone's enthusiasm was finally aroused.

“In the two major conceptual fields of ‘Internet Finance’ and ‘Mobile Payment’, many tickets have already been funded. It feels like it can be done!”

"The mood does seem to be picking up a bit!"

"The index has withstood the first wave of rapid selling pressure, and it is estimated that it will not fall again today."

"There should be a rebound. The best themes currently expected are probably the two major concepts of 'digital finance' and 'digital economy' that were fermented during the New Year's Day holiday. What the hell...Follow up, the first concept show One day, and many stocks are oversold, if you follow the trend at this time, you should not be buried.”

"The four stocks of Tianyu Information, Yinjie Shares, Jinzheng Shares, and Blue Sky Information have reached their daily limit. As long as these four stocks are stable, the sector effect should be able to rise, right?"

"Although the market is weak and the first board is closed, it shouldn't be difficult, right?"

"The collective rise just now feels very much like super-large funds are collectively involved in this sector. Could it be Mr. Su's handiwork?"

"Probably not. The two concepts of 'digital economy' and 'digital finance' were originally proposed by Mr. Su at the 'Financial Summit.' If Mr. Su had not lurked the chips in advance, I think at this time, Mr. Su should not There will be a large-scale pursuit of positions, and with the amount of funds under Mr. Su’s control, if we continue to speculate like before, it will probably be difficult to turn things around, right?”

"Whether it is or not, I think if there is a large-scale follow-up of funds, we can make the decision!"

"Following Yiyi Zhengtong Electronics, the future financial development concepts of 'digital finance' and 'digital economy' proposed by Mr. Su have set off such a storm of discussion during the holidays. I really don't believe that even the first board is at risk. At this time, I am If we go in, make a rebound and take ten points of profit, there shouldn’t be any big problem, right?”

"Hai Lian Jinhui and I..."

"Hengsheng Electronics and Oriental Fortune, no one is doing it?"

"The plate is too big. Unless the super main force follows up, it won't be able to pull it."

"Hey, securities and banks seem to have funds following suit. Are the funds from securities and banks going crazy? At this time, there is a serious lack of funds on the market. Can a giant sector like traditional finance pull the trigger?"

"It does seem like there are funds soliciting securities and banks!"

"What the hell, that's crazy. The active funds in the market are extremely limited. If we focus on attacking one or two areas, we may have a sustained profit-making effect. If we spread our attacks like this, we will most likely be in trouble!"

"Hey, this is institutional money, and you want to take advantage of the fermentation of the two new concepts of 'digital economy' and 'digital finance' to promote and hype them up and get a share of the pie?"

"Damn, the organization is such a troublemaker."

"Hey, when the securities and banks moved, I didn't dare to follow them anymore."

"I don't dare to follow. Hey, let's take a look first... If institutions pull traditional finance, don't just smash it like they did in the past. To stabilize the market, there may be hope."

"Active funds in the market cannot support the riots in traditional finance. Is it possible to pull them up without destroying them?"

"Wait until ten o'clock and look again. In a weak market, the most important thing to avoid is the scattering of hot spots."

When everyone's mood changes from joy and excitement to hesitation and depression...

There was a general riot, and the two major concept sectors of 'Internet Finance' and 'Mobile Payment', which were rapidly rising, fell back instantly. The originally aggressive rush to raise funds and undertake funds seemed to have stalled in an instant. At the same time, the growth in the traditional financial field The securities and banking sectors surged forward rapidly. Within a few minutes, they turned red from underwater and pulled up to a sector increase of more than 0.3%. At the same time, it also drove the Shanghai Stock Index to turn red and rise.

And among them, as the real core weights of super large-cap stocks such as Huaxin Securities, Huatong Securities, Hua Guo Bank, Hua Commercial Bank, Huajian Bank, and Huanong Bank, there have been continuous tens of thousands of hands on the real-time trading board. For large orders, the volume can be increased rapidly year-on-year.

Immediately afterwards, we saw the rapid rise of the banking and securities sectors.

In the market, some independent retail investor groups also began to follow up quickly.

Then, when the active funds in the market were limited, they were attracted and dispersed by banks and securities that suddenly rose and rioted.

As time passed after 10 o'clock in the morning, the concept sectors of 'Internet Finance' and 'Mobile Payment', which had been gaining momentum and continued to break through, had already formed a sector effect and had an initial sustained profit-making effect, almost setting off a daily limit trend. Gradually, it lost its ability to sustain the trend, and both sector trends and individual stock trends began to fluctuate downward.

At this moment, many popular stocks that have rebounded well have been driven by the two major small and medium-sized boards and the core main line of GEM, namely 'mobile Internet' and 'smartphone industry chain', which were previously driven by the two major conceptual sectors of 'Internet finance' and 'mobile payment'. , there is also a phenomenon of obvious insufficient capacity to undertake, and the trend fluctuates downward.

"What's going on? It's fine...why did you turn down again?"

At around 10:40, within the Shenzhen Xinniu Fund, which had previously increased its positions to buy many core stocks in the two major concept sectors of 'Internet Finance' and 'Mobile Payment', Mou Zhengxing, the trading team leader, observed the market and saw several major concepts that had been strong before. The sector area was obviously weakening again. I couldn't help but frown and asked the fund manager Fang Xinsheng: "Boss, why do you feel that there is a gap in the funding?"

When Fang Xinsheng saw such a market performance, he frowned and said helplessly: "There are main funds that forcefully pull securities and banks, which distracts the attention of active funds in the market and many retail investors on the market. At the same time, it also curbs the desire to The hot money movement continues to follow the trend, which is why there is such a situation where there is a lag in undertaking and funds are hesitant to follow the trend.”

"Then let's..." Mou Zhengxing's heart skipped a beat. Knowing that the situation was not good, he asked urgently, "Are you still going to buy it?"