Rebirth of the investment era

"Originally, the two lines of 'smartphone industry chain' and 'Internet software' are almost meaningless in terms of market logic." Zhang Jianping continued, "There is still a big difference between the primary market and the secondary market. Investment in these two fields is very popular in the primary market, but in the secondary market, there have been so many rounds of speculation in two or three consecutive years. When the chips in this area of ​​the market have not been completely settled, it is hard to speculate again. This round of continuous huge market conditions will not only leave room for market expectations, but also the continued upward pressure on the market and the incremental funds required will become bigger and bigger."

"It's the 'film and television media' line..."

Zhang Jianping's eyes flickered and he pondered for a long time before continuing: "The positive policy direction has actually influenced the fundamentals of this field. The expectations and hype are also sufficient. It stands to reason... According to normal As the market develops, this area should be able to see a more sustained market trend."

"However, today's wave of institutional groups' continued aggressive hype in this field appears to be too 'unsightly', destroying the natural development of this main line of sentiment and the progress of the overall chip structure of this line. On the contrary, It is the selling force that maximizes the potential profit taking on this line."

"The key is that after this potential profit-making selling force is induced, if this line can take advantage of the trend to make a major adjustment, digest this selling force, reorganize the chip structure in this field, and let people be optimistic about this line. If a series of funds can have a better intervention point, the market could have continued. However...according to the development of the current market situation, as long as this line is adjusted, I am afraid that the funds of the 'Yu Hang Group' will be The 'big infrastructure' sector will instantly exert force and lead the market in the direction of the main board."

"And this forces the main institutions that dominate the market to continue to pull the market and squeeze upwards."

"We can only use this method of overdrafting expectations, overdrafting the funds to follow the trend, and using high turnover and continuously expanding trading volume to forcibly clean up the chip structure on the market."

"However, under the overall market structure of the stock game."

"Such a waste of funds, continuous short squeeze, and incremental funds that dare to continue relaying at high levels will not increase. On the contrary, with the continued high turnover and expansion of trading volume, the core of the optimistic area of ​​​​this main line will be consumed prematurely. The main financial power, which leads to the financial power that dares to take on high positions, will continue to weaken, eventually causing the market to be unable to take on the trend and fall into a fierce and huge adjustment trend."

"Indeed!" Lao Liu heard Zhang Jianping's insightful analysis and nodded in agreement, "The market as a whole has adjusted to the unilateral downward trend in May and early June. Although it has regained some strength recently, Overall, the willingness of the majority of investors in the market to take on the market, and even their investment confidence, has not returned to the stage in early May."

"Not only has it not recovered to that stage, it is even far from it." Zhang Jianping emphasized.

Lao Liu nodded with a smile, continued to nod, and continued: "So when the overall market sentiment has not recovered and confidence is low, this batch focuses on the fields of 'smartphone industry chain', 'Internet software', and 'film and television media' The main institutional groups that forcefully shorted the market have indeed made a wrong calculation."

"same……"

Lao Liu paused, thought for a moment, and then said: "Once these major institutions cannot hold up the market and can no longer forcefully squeeze the market upward, I am afraid that these lines will instantly fall into a huge adjustment and shock, and the market will The direction of the wind is also very likely to quickly reverse the direction of the early popular main line areas dominated by the 'Yu Hang Group' such as 'big infrastructure', 'military industry', and 'Internet finance'."

"It's not a high probability, but it will definitely turn like this." Zhang Jianping said, "The layout of the 'Yu Hang Group' funds in the macro direction of the market is really higher than this batch of concept growth stocks that are flocking to the Shenzhen stock market. 'There are too many major institutions in the field."

When Lao Liu heard this, he chuckled and said, "It's not like you don't know that for people like public funds, it's normal for them to have different levels. In fact, this stock focuses on the field of 'film and television media', which has attracted the attention of the Shenzhen market." The main line of concept growth stocks is to forcefully squeeze out the market, leading all funds on the market to gather in this area to take over orders. This main force of funds has formed an obvious rival with the 'Yu Hang Group'. In my opinion... it is already very powerful. .”

"That's true..." Zhang Jianping chuckled, "Mr. Liu of the Pingyin Asset Management Department is indeed a figure in the industry."

Lao Liu laughed and said, "How does it compare to you?"

Zhang Jianping responded with a smile: "People have tens of billions of capital in their hands, and they can leverage the market by themselves and bring about earth-shaking changes in market conditions. Naturally, I am not as good as me."

"If you want to develop into the asset management industry, it wouldn't be too difficult to open a private equity fund like Mr. Su from the 'Yu Hang Group' and accept tens of billions of investors' funds." Lao Liu smiled and told Zhang Jianping Wearing a high hat, "In the entire A-share market, there are not many people who can see the market trend as clearly as you do."

Zhang Jianping shook his head and responded: "Forget it, that would be too stressful and far less relaxing and comfortable than it is now."

His personal wealth, after many years of market transactions, has long reached the level of financial freedom. In addition, as he grows older, he has become very indifferent to many things, whether it is the pursuit of wealth or the pursuit of wealth. Personal reputation, pursuit of fame, and desire are not enough to support his further development in the asset management industry.応

As the two discussed market conditions...

As market time goes by, the majority of investor groups are also arguing endlessly about market conditions.

Among them, market speakers such as various institutional groups, as well as financial institutions, financial media websites, etc., while still making long speeches that are optimistic about the overall market situation and still mindlessly singing the bullish market outlook, almost invariably began to be optimistic about the emerging economic and industrial fields. The two main lines of 'smartphone industry chain' and 'mobile Internet' will develop in the future.

And under the influence of these voices, as well as the fact that the two main trends today are also quite strong.

Many new retail investors in the market have also been affected. For these two main areas, as well as the "film and television media" field that continues to rise, they still have great expectations for the market outlook and feel that these strong concept sectors , strong stocks can continue to rise and continue to be strong.

At a time when market sentiment is still very different, and the market discussion continues to rise.

Now offline, after the Magic City offline investment strategy meeting...

Liu Ziliang of the Pingyin Asset Management Department has relied on his personal connections to act as the host and has attracted many managers of similar domestic institutions with considerable asset management scale to further discuss the views on the subsequent market trends and at the same time also Discussing how to further attack the funds of the 'Yuhang Department'.

"Mr. Liu, your institution probably bought a lot of chips today, right?" At the banquet, Mr. Shan from Huarui Public Fund Company said with a smile.

Liu Ziliang chuckled and responded: "No, it's just a little small."

"Mr. Liu is such a generous person. Even in the magic city, with remote control and command, the fund can earn over 10 million in profits in one day." Mr. Gao of E Fund also touted with a smile, "LeTV's move today , it’s really shocking and hard to believe!”

Liu Ziliang coughed slightly, and then said with a smile: "Although we are the leading financial force for the LeTV check today, the fact that this check ended up like this and sealed the daily limit was the result of the joint efforts of all the major institutions in the market. We at Pingyin Asset Management don’t dare to take credit.”

"However, the prospects of LeTV's check, whether it is fundamentals, performance, or conceptual imagination, are really good." Mr. Ning from the Strategic Investment Department of Huaxin Securities said with a smile, "If it weren't for Mr. Liu, You guys have taken the lead, and we are also very jealous of this stock bargaining chip!"

"Haha..." Liu Ziliang laughed loudly, raised his glass with a smile and had a drink with Mr. Ning, and continued, "If Mr. Ning doesn't mind, we can do a round of large-scale transactions. According to today's closing price of LeTV, How about a deal with a 5% premium?"

Mr. Ning raised his glasses and said with a smile, "Mr. Liu, he's cutting even me!"

"How dare you?" Liu Ziliang said with a smile, "Give me ten courages, and I wouldn't dare to cut off the leeks of Mr. Ning's proprietary investment department of Huaxin Securities."

"However, the funds of the 'Yu Hang Group' are still being sold today, which is really unexpected!" While the two were joking, Mr. Shan of Huarui Public Fund showed some sadness on his face, "This fund Using the 'Fortune Road' seat to trade will have a huge impact on market sentiment. We don't know how many relevant chips he still has in his hand. If he keeps selling, it will still suppress the market in the direction we expect!"

Liu Ziliang said with a smile: "It doesn't matter. The more he continues to sell, the more we will continue to pull the market. As long as the majority of investors in the market realize that this capital seat is not the 'God of Market Investment', only the seat of 'Wealth Road' If the undefeated golden body is shattered, then the funds of the 'Yu Hang Department' will have nothing to rely on."

"And, looking at the market trend today..."

Liu Ziliang paused and continued: "The trend of the 'big infrastructure' line, which is heavily invested in the 'Yu Hang Group', has obviously had some problems, and the chip structure has begun to disperse again. As expected, the Shanghai Stock Index has been unable to stand for a long time. Stable at 2300 points, the pattern of "Shanghai is weak and Shenzhen is strong" continues for two more days. The market was originally concentrated in early main areas such as "big infrastructure" and "military industry", as well as other areas such as "traditional finance", "consumption" and "medicine" , 'Non-ferrous Cycle', 'Coal' and other fields of active capital groups, and even the free chips gathered in these fields that do not have strong confidence in holding shares, should all change their expectations and ideas, and be attracted to the Shenzhen stock market's 'concept growth stocks' This big mainline area comes up.”

"As long as the market truly completes the style switch of the main line market..."

"Then, the pattern of 'Shanghai is weak and Deep is strong' will continue."

"In this way, more and more funds will be gathered to support our layout in this field and help us expand profits."

“In other words, is this not better than passively supporting the ‘Yu Hang Group’, which has tens of billions of chips in the field of ‘big infrastructure’, and having to prepare a strategy to be harvested by the other party at any time?”

"Of course it's Mr. Liu's strategy, which is much better." Mr. Gao of Yifangda said with a smile, "Everyone is hanging out in the same place. If you want to eat alone, then naturally no one is willing to follow." Yu Mr. Su from the Aviation Department has talent, but his operating style is too arrogant."

"What is the root cause of the rise and fall of stock prices? It is not driven by funds." Mr. Ning from the Investment Strategy Department of Huaxin Securities said, "Mr. Su from the 'Yuhang Department' is indeed too young. He thinks that the market is Individual stocks and mainline market trends will definitely rise if they have expectations, performance, and stories? What a dream!"

"Indeed." Mr. Shan nodded and said, "Among A-shares, there are performance, expectations, and stories, but there are few stocks whose stock prices have remained unchanged for thousands of years. Without the continuous promotion of real money, it is impossible to talk about the market. It's only in dreams, I don't believe it. After everyone understands it, the amount of funds of his "Yuhang Group" can drive the trillions of market value of the entire "big infrastructure", and can it independently lead the Shanghai Index to an upward breakthrough? "

"Hey, the 'national team' can't even pull the weight of the main board, let alone the funds of the 'Yu Hang Department'." E Fund's CEO Gao took over and continued, "This Su from the 'Yu Hang Department' In short, if we hadn't shown all the cards in our hands before, everyone might have followed in confusion, but now...since this fund has shown all the cards in its hands, then the line of 'big infrastructure' will probably There is no hope."

"In terms of the weight of the main board, has there really been hope in the past few years?" Mr. Shan responded, "Now there is a surge of investment thoughts in the industry. In fact, everyone is relatively optimistic about these concept growth stocks in the emerging economic field. Let me say …The previous investment thinking should have been thrown away long ago.”

Hearing this, Mr. Ning from the Investment Strategy Department of Huaxin Securities nodded hurriedly and said: "Indeed, the investment trend in the industry is indeed changing generally. In fact, this is reflected in the institutional changes disclosed by various companies in the entire market last year and even in the first quarter of this year. The overall trend can be seen in the shareholding details. In the past year or so, in terms of the weight of the main board, the weights of positions held by various institutions in the industry have been decreasing. However, in the main line of "concept growth stocks" in emerging industries, the positions held by various institutions have been decreasing. Basically, they are rising. This is why the market has a "Shanghai is weak and Shenzhen is strong" pattern at other times except for the short-term strong Shanghai and deep weak market conditions in April and early May after being directly stimulated by positive news. It can be said... The market pattern of 'Shanghai is weak and Shenzhen is strong' is the norm, while 'Shanghai is strong and Shenzhen is weak' is obviously an abnormal performance."

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