Rebirth of the investment era

"It doesn't make sense!" Su Yu stared at the rapidly changing disks of the two markets that had entered the real collective bidding stage, frowned, and secretly wondered, "In the direction of the small and medium-sized board and the GEM, the line of 'growth stocks' is obviously It cannot support the entire market's breakthrough. At this moment, all these buying funds are pouring into this line. What is the reason?"

In his opinion, in the direction of small and medium-sized boards and GEM, the line of 'growth stocks' currently has no logical basis for speculation. It is really strange that such changes are happening now.

Of course, what is more critical is what is shown on the disk.

There are actually a lot of funds plowing into core stocks in early popular mainline concept sectors such as ‘infrastructure’ and ‘military industry’.

"Master, the changes in the market are indeed moving in the direction of 'growth stocks' on the small and medium-sized boards and GEM!" While Su Yu was secretly doubting, Liu Yuan, who had been thinking for a long time, reported again, "We need to do something about the market at the moment. Can we provide guidance to appropriately maintain the strong call auction status of core stocks on the early popular main lines such as 'infrastructure' and 'military industry'? I am worried... active funds on the market will withdraw from the early popular main lines such as 'infrastructure' and 'military industry' Evacuate.”

"With the line of 'film and television media' stimulating the market's speculation sentiment on mid- and small-cap stocks."

"If the market trend completely shifts to the direction of GEM's 'growth stocks', early popular main areas such as 'infrastructure' and 'military industry' will probably lose the attention of active funds, and the market support will be weaker. And by that time, 'Infrastructure' and 'military industry', which were popular in the early stage, should inevitably enter the adjustment stage, and there will be no breakthrough market trends for the time being."

"Well, I think what A Yuan said makes sense." Li Meng thought for a moment and then responded, "There are only so many active capital groups and incremental funds in the market, which cannot support a comprehensive market outbreak. If we don't take the initiative to guide On the market, maintaining the main line areas where several of our funds have heavy positions, such as 'infrastructure' and 'military industry', will continue to make money and attract investment and speculation, thereby competing for market liquidity. I am afraid that when the market truly realizes a change in market style, we will be quite Passive."

When Su Yu heard what the two said, he did not respond immediately. Instead, he looked at Zhang Guobing, who had spoken before, and asked, "Guobing, what do you think?"

Seeing Su Yu taking the initiative to ask, Zhang Guobing thought about it for about 10 seconds and responded: "I think... we can wait a little longer and observe."

"Oh?" Su Yu said with a smile, "What's the reason?"

Zhang Guobing thought for a moment, organized his language, and replied: "First, according to everyone's previous opinions, we all believe that the market has not yet reached a real breakthrough. In other words, even if today's market conditions are different, with the help of 'Film and Television Media' The hype created by this line has temporarily transferred to the 'growth stocks' line of small and medium-sized boards and GEM, and it should be difficult to form a substantial breakthrough trend and drive the market to completely stabilize at 2,300 points."

"Second, the 'growth stocks' line of small and medium-sized boards and GEM boards essentially lack the underlying logical support of continued speculation."

"Without the underlying logical support of continued speculation, it will be very difficult for market funds to form synergy and unanimous expectations in this direction."

"Third, the 'growth stock' line of the Small and Medium-sized Board and the GEM board clearly lagged behind the market in the early stage when the core main lines of 'infrastructure', 'military industry' and 'Internet finance' continued to rise and fluctuate. What is oversold is that under the hype created by the 'film and television media', this line is also expected to have a certain oversold rebound under the short-term emotional support."

"Fourth, our fund's heavy holdings of 'infrastructure', 'military industry', 'Internet finance' and other popular mainline core stocks in the early stage have led the market's rebound trend for a long time. Now, in fact, the profit margin accumulated on the market There are not a lot of chips. Now that the line of 'film and television media' is in full swing, and the main line of 'growth stocks' on the small and medium-sized board and GEM are beginning to see oversold rebound expectations, profit taking has intensified and they are chasing new hot spots. It’s also a normal thing.”

"Under these factors..."

Zhang Guobing paused for a moment, then looked at the changes in the two markets, and continued: "We remain patient, hold positions calmly, and wait for the completion of the expected 'oversold rebound' in the 'growth stocks' line of the small and medium-sized boards and GEM. Waiting for the early profit margins of popular main lines such as 'infrastructure' and 'military industry' to be further cleared, wait for the final adjustment of the Shanghai Stock Index at 2300 points to be completed, and then guide the market to stimulate the continued speculation logic of 'infrastructure', 'military industry', etc. And the early main line of future expected logic should be much more effective than now."

"Well!" Su Yu nodded slightly after listening to Zhang Guobing's analysis, "Market changes are like water in a big river. They can only be guided in a timely manner and cannot be stopped. The line of 'growth stocks' on the small and medium-sized board and GEM board, currently, is in ' Driven by the sentiment of this line of film and television media, there is indeed an expectation of an 'oversold rebound'. In that case... let's take a look first and wait until the reaction to this expected hype is completed."

"In fact, the sentiment in the 'film and television media' line has been intensified, causing the following funds in this line to overflow and diverge in the direction of 'growth stocks' on the small and medium-sized boards and GEM. This is also caused by ourselves." Zhang Guobing saw that Su Yu agreed. I am very happy with my own analysis and point of view, smiling authentically.

Su Yu thought for a moment and understood what he meant. He smiled and responded, "That's true!"

In the trading room, while everyone was analyzing and discussing, the market trading time had moved to 9:25, and the call auction in the two cities ended.

I saw that after a complete 10 minutes of collective bidding.

As expected by the majority of investors before the market opening, the Shanghai Stock Exchange Index opened higher above the 2,300 point mark and settled at 78 points, up 49%, while the Shenzhen Stock Exchange Index and ChiNext Index opened higher by 83% and 05% respectively, and the Small and Medium Enterprises Index opened higher. The index opened higher at a 23% increase.

Among them, there were nearly 2,000 stocks in the two cities, and the number of stocks that opened higher in the red market reached nearly 1,500.

The fiery investment sentiment is evident.

As for the performance of various industry sectors, popular main lines, and popular concept stocks in the two cities that are highly concerned by market investors.

The 'film and television media' industry sector, which was directly stimulated by the heavy positive news, continued to lead the rise of all industry sectors in the two cities. Its industry sector index rose directly above 5%, and within the entire sector, there were 10 stocks with daily limit concepts. There are about 20 stocks that have increased by more than 5%.

Then, due to the direct emotions that broke out in the ‘film and television media’ sector.

In the concept field of 'growth stocks', which is mainly composed of small and medium-sized board and GEM stocks, a number of main lines and core concept stocks have performed quite well, such as the two main lines of 'mobile Internet' and 'smartphone industry chain' A number of concept sectors and concept stocks in the industry have opened higher and exceeded the growth rate of the ChiNext Index.

On the contrary, the early performance was excellent. At the end of yesterday's trading, the popular core main lines such as 'infrastructure', 'military industry', and 'Internet finance' performed equally well. At this moment, there was an obvious weak situation. Related concept sectors and concept core stocks , not only the opening range is high, approaching zero, seriously lagging behind the performance of the broader market index, but also during the entire call auction stage, the flow of funds on the market also showed an obvious net outflow trend.

In addition to these main line areas and concept stock areas that currently attract a lot of attention.

Other unpopular main areas such as 'traditional finance', 'consumption', 'medicine', 'non-ferrous metals', 'coal', 'petrochemicals', and 'agriculture and animal husbandry' that have received less attention have basically followed the trend. The market trend fluctuates, and there are no independent signs of trends, nor obvious signs of major capital attention.

Faced with this opening situation...

The majority of investors in the entire market are mostly happy and excited.

After all, after continuous shocks in the early stage, the Shanghai Stock Index finally stood at the psychological pressure mark of 2300 points. At the same time, the line of 'Film and Television Media' also perfectly performed extremely hot with the full assistance of 'Fortune Road' to kill the list. The continuous profit-making effect, and... correspondingly, a number of mid- and small-cap concept stocks also showed a strong rebound trend in the call auction trend.

"Haha, the Shanghai Stock Exchange Index has finally crossed the 2,300-point mark!"

After the call auctions in the two cities ended, during the brief five-minute trading suspension period, there were excited sighs in the eyes of countless investors who were paying attention to the market.

"I didn't say anything, the market will definitely open higher today, starting with a 2% increase."

"I've said it for a long time, 2300 points will never stop the Shanghai Stock Exchange Index. Now that this level has been successfully achieved, the follow-up... will depend on 2400 points, right?"

"It is necessary, but the main market today should not be on the main board, but on the GEM and the small and medium-sized board, right?"

"Looking at the entire call auction trend process, the performance of the GEM and small and medium-sized board constituent stocks is indeed significantly stronger than the blue-chip large-cap stocks in the main board direction."

"Nonsense, with the help of such explosive market trends in the 'film and television media' line, the main short-term market trend must be shifting towards the GEM and small and medium-sized boards."

"So, it was a mistake to pursue the 'infrastructure' field at the end of yesterday's session again?"

"It's not really wrong. Anyway, the overall market trend is the same. If you buy in the wrong main direction, it's just a matter of making more or less."

"That's true, but you still have to follow the market's main hot spots and make money faster."

"It's absolutely right to rely on the line of 'film and television media', but it's a pity that all the new stocks held by Mr. Su's 'Fortune Road' have basically reached their daily limit. It's not easy to buy some chips."

"LeTV, Enlight Media, and Huayi Brothers have relatively large circulations. I feel that the daily limit should not be sealed. I should have the opportunity to buy today."

"Looking at the blocking strength during the collective bidding stage, Huace Film and Television is still the strongest!"

“Really, this is the most consistent synergy of check funds.”

"Huace Film and Television and Ciwen Media are definitely not available today. Let's see how strong the Third Board is tomorrow. The strongest conceptual leading stocks in the field of 'Film and Television Media' should come from these two stocks."

"Actually, if you can't buy the core stocks in the 'film and television media' line, it is also good to buy low-priced early-stage popular growth stocks, such as Wangsu Technology, Changqu Technology, Huaqingbao, etc., and I feel that they have all been adjusted in place. , and today’s call auction, the trend of these stocks is really good.”

"In terms of technical trends, these growth stocks do seem to be showing signs of bottoming out, but in terms of mid-year performance, that is, fundamentals, it does not seem to be very clear. For many growth stocks, the mid-term results may be thunderous, and The main financial focus of these votes is still not enough.”

"You can build a bottom warehouse first and give it a try. After all, it is a good choice."

"It makes sense, what the hell... Mr. Su's 'Fortune Road' is heavily involved. It doesn't matter what the main direction is, just one word, 'do it' will do!"

During the intense and exciting discussion among the broad investor groups.

At this time, within the main financial institutions, everyone has their own calculations and plans in the face of the market's opening scene and specific signs of market changes.

Among them, Shenzhen Pingyin Asset Management Center and Fund Trading Department.

Liu Ziliang, general manager of the asset management business, stared at the two markets where the call auction had ended and the official opening of trading was about to begin. He smiled softly. He was quite surprised by such a market opening performance and said: "I really didn't expect the market trend. Actually, driven by sentiment in the 'film and television media' line, it has shifted towards the 'growth stock' sector in the direction of the small and medium-sized board and GEM."

"If i remember correctly……"

Liu Ziliang's eyes were sharp, he paused for a moment, and then said: "The core holdings of the 'Yu Hang Group' funds should be in the main field of 'big infrastructure', right?"

Standing next to Liu Ziliang, Chen Shen, the main fund manager of Pingyin Asset Management Trading Department, nodded and responded: "According to the early buying trend of the 'Yu Hang Series' funds in the market, and the ranking of 'Fortune Road' on the Dragon and Tiger List, Observing the historical buying data on the Internet, the core positions of the 'Yu Hang Group' funds are indeed in the main line of 'big infrastructure'."

"Yeah!" Liu Ziliang nodded, the smile on his face getting brighter and brighter, "In that case... Mr. Su from the 'Yu Hang Department' used his position to shoot himself in the face this time. Damn it, you say... If the market trend is really one-sided in the direction of small and medium-sized board and GEM 'growth stocks', what will happen to the funds of the 'Yu Hang Group'?"

Chen Shen pondered for a moment and responded: "If the next market trend is really one-sided in the direction of 'growth stocks' on the small and medium-sized boards and GEM, and continues to form a situation of 'Shanghai is weak and Shenzhen is strong', then the 'Yu Hang Group' stock Funds are very likely to be short of the main market trend."

"That's it!" Liu Ziliang nodded slightly, "The 'Yuhang Department' has invested tens of billions of funds into the market. It is already a situation where the ship is in danger of turning around."

Seeing Liu Ziliang's eyes getting sharper, Chen Shen couldn't help but ask, "Mr. Liu, what do you want to do?"