Rebirth of the investment era

"Mr. Liu, it's over now!"

When he saw the new regulatory regulations on "Internet TV" issued by the State Administration of Radio, Film and Television, as well as the news that criticized LeTV by name and informed the market that seven integrated service licensees were no longer allowed to cooperate with LeTV, fund manager Chen Shen instantly felt his heart go cold. Halfway through, his face became extremely ugly.

Because of their previous large-scale deployment on the line of ‘technological growth’.

Nowadays, LeTV accounts for a very heavy position in the position weights of several of their main funds.

Now, LeTV has experienced a major negative event. When the market reopens on Monday, the trend of this check must be completely over. It has dropped to the limit. Basically, there is no surprise.

Of course, just because of this, Chen Shen would not express the emotion of "It's over".

The main thing is the check of 'LeTV'. It was previously speculated as the core concept of 'technological growth' and the leading stock has continued to strengthen in recent times. This is also the underlying logic of its continued strength. Now... this check If there is a comprehensive collapse, the impact will definitely not be on one sector, but on a few stocks.

Almost clearly foreseeable…

LeTV's check collapsed completely, and under the trend of falling to the limit, the main lines of "film and television media", "mobile Internet", "Internet software" and other related sectors will inevitably be greatly affected, and such as "Huayi Brothers, Internet Speed" Technology, 2345, Guangguang Media, Huace Film and Television, Inspur Information, Huaguo Software... a large number of "technological growth" core stocks will also be implicated.

However, it is no surprise that these stocks are their heavy holdings!

It was precisely because of this that Chen Shen's confidence completely collapsed in an instant. He intuitively felt that the net values ​​of several major funds would be greatly impacted next.

"Why are you panicking? I don't have any composure at all." Liu Ziliang glanced at Chen Shen. Although he felt that something was obviously wrong in his heart, he could still maintain a calm expression on his face and said, "The matter is now over. There is no point in regretting it anymore." Whatever is useful, think about how to deal with it!”

"How else can we deal with it?" Chen Shen was completely out of ideas.

The State Administration of Press, Publication, Radio, Film and Television named and criticized it, and under the direct negative and precise attack, LeTV's stock price dropped to the limit next Monday. There was no suspense at all. At this time, the market had already closed. What else could they think of? Even if you want to liquidate your position at this time and place a large transaction, I am afraid that no one will be willing to take over without a large discount.

"Think about how to reduce some losses." Liu Ziliang said, "There is nothing we can do about the 'LeTV' check, but the main line of 'technological growth' is not just the 'LeTV' check, but we The fund layout goes far beyond this check."

"Mr. Liu means..." Chen Shen's heart trembled, and he roughly understood what Liu Ziliang meant.

Liu Ziliang gritted his teeth and said: "We have to find a way to hedge against the bad news in the 'Technology Growth' line, otherwise next Monday, the 'Technology Growth' line will be completely on the ground under the influence of 'LeTV'. , when there is no liquidity, even if we want to reduce our positions and stop losses, we will not be able to do so."

"How to hedge?" Chen Shen was confused. "The current market sentiment is all about 'infrastructure' and 'military industry'. The 'technological growth' line has been collectively abandoned by everyone. There are very few people who continue to be bullish, not to mention the 'Technology Growth' line. Under today's trend, too many active funds have been invested. Next Monday, the market pressure in this direction will be very high. Da, what good things can be done at this time to offset the bad effects of 'LeTV'?"

Liu Ziliang pondered for a moment and said: "Aren't the two lines of 'Internet finance' and 'e-commerce' also part of the concept section of the main line of hype in the 'technological growth' field? Since this Su from the 'Yu Hang Department' In short, we can use these two conceptual sectors as an entry point to switch and transfer market conditions to the direction of 'infrastructure' and 'military industry', why can't we take advantage of it?"

"How to use it?" Chen Shen asked.

Liu Ziliang said: "Didn't you hear that 'Ali Baba' is going to be listed on the US stock market? Let's take advantage of this expected trend! At the same time, the funds of the 'Yu Hang Group' are not in the direction of 'Internet Finance', but there are also large-scale Do you want to hold a position? We can also take advantage of this."

“As long as we can stabilize the two conceptual sectors of ‘Internet finance’ and ‘e-commerce’.”

"The line of 'technological growth' is just a benign adjustment. In terms of long-term investment logic, we still have the expected sentiment of the market, then we can reduce losses, or get out safely."

"Can it be done?" Chen Shen was a little skeptical about the trading strategy mentioned by Liu Ziliang, "If we do this... won't we go back to the path of supporting the funds of the 'Yu Hang Group'?"

Liu Ziliang responded: "At this time, why are you still thinking about lifting the sedan chair instead of lifting the sedan chair? If we can first stabilize the main line of 'technological growth' and prevent it from completely collapsing, we can take advantage of the good liquidity and release some chips on a large scale first. , it would be good to reduce the drawdown of the fund’s net value, and other things… can’t be taken care of so much anymore.”

"Okay!" Chen Shen sighed, thinking that this was the only way he could choose.

"At the same time..." Liu Ziliang paused and continued to order, "Through our news channels, release the news and spread the news that 'Ali Baba is about to land on the US stock market Nasdaq' as much as possible to guide market sentiment and investor expectations. Hype it in this direction.”

"We are in the direction of the two major concept sectors of 'Internet Finance' and 'E-Commerce'."

"If you don't have enough chips to control the market, you can only start from as much off-site news and investor sentiment as possible."

"As long as it can arouse emotions and make the opening trend of the 'Technology Growth' line next Monday and the concept sectors not so ugly, then it will be fine."

"Hey, bad luck!"

Speaking of this, Liu Ziliang couldn't help sighing, and continued: "It's precisely at this time that such a bad news happened, and it's also because the boy named Su from the 'Yu Hang Department' is so lucky, but... I always believe that this boy will not I will always stand on the right side of the market trend.”

As he sighed, the same time.

Magic City, E Fund Asset Management Trading Center, and Huarui Public Fund Company.

When Mr. Gao and Mr. Shan saw this major bad news about LeTV, they frowned and cursed in their hearts.

"Hey, Liu Ziliang mistaken me!" Mr. Gao said bitterly.

As an ally linked to Pingyin Asset Management on the market, the fund he manages has a large position weight for the check of 'LeTV', with a full 600 million chip position. As you can imagine, these 6 If you hold a position of 100 million, you will have to hit at least two lower limits.

And two lower limits are a loss of more than 70 million!

Although this loss has not had a great impact on the overall net value of the fund he manages.

However, when the two main lines of the main board, 'Infrastructure' and 'Military Industry', have formed an upward trend of breakthroughs, the net value of the fund he manages has stagnated. In terms of the performance ranking of the overall public offering fund products, the ranking has dropped significantly. Yes, this is what he cannot tolerate.

Moreover, once the position is stuck on the main line of "LeTV" and the entire "technological growth".

What he missed was a lot of time and opportunities.

If the two main lines of 'infrastructure' and 'military industry' continue to break through upward and head north without looking back at all, then even if he loses the chips in the direction of 'technological growth' and frees up his position, it will be difficult. Now it's time to find the right opportunity to intervene in the position and pursue opportunities in the two main lines of 'infrastructure' and 'military industry'.

In other words, if you miss some opportunities in the market, you have really missed them.

Similarly, at this moment, Mr. Shan of Huarui Public Fund also jumped in anger and cursed: "Isn't this guy Liu Ziliang always bragging about how well-informed his 'Pingyin Asset Management System' is? Why is 'LeTV' so big?" The bad news was not found out, which made me step on such a big surprise, oh... damn it, if I had known earlier... I might as well have followed the 'Yu Hang Group' capital operation."

At a time when agency bosses were complaining that the previous cooperative alliance fell apart in an instant.

The check "LeTV" has also become a hot stock in the two cities after the "Fushun Special Steel" and "Beijiang Communications Construction" in just half an hour with the rapid increase in the popularity of the discussion. It has gathered the attention of a considerable number of investor groups across the market.

Of course, everyone is paying attention to this check, not that they are optimistic about it.

But based on the market trend of 'LeTV' in the past few days, they all want to see the jokes of the major institutions chasing this check. They also want to know what kind of trend this check will be next Monday after being personally criticized by the State Administration of Radio, Film and Television. After all, the transaction volume of this check has been over 1 billion for several consecutive days. There are quite a lot of active market funds invested in this stock. At the same time, the trend of this check will also have a considerable impact on the subsequent market performance.

"With the success of 'LeTV', the 'technological growth' line should be completely dead, right?" At around seven o'clock in the evening, after dinner, Li Meng returned home and sat on the sofa in the living room. While following the drama, he used his tablet to browse market news and topics on major stock forums. He asked Su Yu beside him with a smile, "I didn't expect that the last assist to defeat the main line of 'technological growth' turned out to be the State Administration of Radio, Film and Television. Sent."

"Standing in the right direction of the market trend, you will inadvertently find different market news to assist you." Su Yu responded with a smile, "Every time comes, the world and the earth work together, you know this sentence, right? ? This is also the reason why the market trend cannot be resisted. We are just a drop of water in the trend. Once we go against the trend, we will always be washed to pieces by the raging torrent, just like today, or the recent full-scale increase in technology. Growth' is the same as many organizations in this line."

Li Meng chuckled and said: "It sounds so profound, but in fact it is just a game of chips. In fact, the underlying investment logic of the 'technological growth' line is not bad. The only shortcoming of not having an upward breakthrough is that the adjustment is not sufficient, and the market The expectations were too high, and the corresponding performance was not realized, which led to confusion in the internal bargaining system. When the external incremental funds were not emotionally sufficient, they were unable to form a unified force. Only then did the breakthrough fail, causing the market to reverse again. The main market trends are mainly 'infrastructure' and 'military industry'."

"You're right!" Su Yu smiled and nodded, "Trading is essentially a game of chips."

"But..." Li Mengmeng thought for a moment and then said, "Are you really so sure that the bull market has reached its peak?"

Su Yu thought for a while and responded: "I have this feeling, but to truly determine this explosive point, the Shanghai Stock Exchange Index needs to break through the 2,500-point limit, and the overall market volume can catch up and move to the next level, or In terms of policy and economic macro, there will be another major wave of good news to stimulate the economy."

"In terms of policy and economic macro, in the past six months, good news has stimulated a lot." Li Meng said, "What other major good news can powerfully stimulate the market and attract huge amounts of incremental funds to enter the market?" Woolen cloth?"

Su Yu smiled and said: "There is one, and I guess... the news will be soon."

"What's the news?" Li Meng looked up at him, curiosity in his bright eyes.

"Guess?" Su Yu said with a smile.

Li Meng was stunned, thought about it seriously, and said: "Shanghai-Hong Kong Stock Connect? Further deepening the reform and reorganization of state-owned enterprises and central enterprises? Modification of new stock issuance rules, or modification of subscription rules? Furthermore... another wave of 'free trade zone' macro planning ?”

"No!" Su Yu shook his head, "Didn't you notice? Not long ago, the Fed's interest rate meeting changed. It no longer wanted to rush to raise interest rates, indicating that monetary policy should be prudent rather than urgent. Turn.”

"You mean..." Li Mengjing's eyes lit up at Su Yu's reminder, and he reacted instantly, "Our central bank will also have a buffer in its monetary policy?"

Su Yu nodded and said: "This change in the direction of the Federal Reserve has given our domestic central bank, as well as major central banks in other countries around the world, a lot of buffer space. Although the current domestic monetary tension has been alleviated by the central bank's two actions, has increased a lot, but the market liquidity is still lacking. If nothing unexpected happens, and the Federal Reserve slows down its pace, the central bank should find ways to further stimulate market liquidity and let the market macroeconomics that has just improved start to move again. , continue to rush upwards."

"Will it... cut interest rates or lower reserve requirements?" Li Meng asked.

Su Yu smiled and said: "No one knows at the moment. There is no news about it in the market. Maybe there will be an interest rate cut and a RRR cut?"

"If we can really cut interest rates and lower reserve ratios..." Li Meng said excitedly, "That would be a huge benefit to the market. This can greatly increase the currency liquidity in the market, stimulate a lot of funds to enter the market, and release a lot of growth. There is room for sufficient funds, and if the Shanghai Stock Exchange Index really breaks through the resistance of 2,500 points at this time, the room for upwards... is really unthinkable!"

The more Li Meng talked, the more excited she became. Vaguely, she seemed to be able to feel the pace of the bull market, getting closer and closer!