Rebirth of the investment era

"The check for 'LeTV' actually dropped to the limit."

Noting the initial call auction trends of many popular stocks in the market, Li Meng was a little surprised in the trading room and said: "400,000 orders have been closed, blocking the market. This negative effect is really greater than we imagined. Look at this situation ... Once the check of 'LeTV' collapses, the entire 'technological growth' main line will be even more vital. If nothing else, the 'technological growth' line should experience extreme trends, right?"

Su Yu followed Li Meng's voice, observed the overall collective bidding trend of the market, and responded: "The check for 'LeTV' dropped by the limit today, and the opening was within expectations, but it was 'Huayi Brothers, Net Su Technology, these two core stocks in the main line of 'tech growth', followed the trend and fell so seriously that they opened down by nearly 7 points during the call auction stage, which is a bit unexpected."

"Judging from the initial call auctions of the two cities, the selling in the entire main line of 'Technology Growth' is quite serious." Liu Yuan took over and said, "There should be no hope for the 'Technology Growth' line today. The entire market Almost all of the active capital groups are converging in the fields of 'infrastructure' and 'military industry'."

"Isn't this the market change we hope for?" Wang Can chuckled and said, "The continuous surge in the 'technological growth' line last week was originally a pseudo-logic. Now it cannot hold on and has entered a stage of substantial adjustment. Naturally, in my opinion, those institutions and many small and medium-sized investor groups that have been buried under the main line of chasing the trend of 'technological growth' deserve it."

"You can't say that." Zhao Lijun responded, "The vast majority of small and medium-sized investors follow blindly."

"Indeed." Zhang Guobing said, "Because the vast majority of small and medium-sized investors are blindly obedient, have limited cognition, and are easily affected by market sentiment, so we can start from this point and carry out reasonable inducements. Go long the market.”

"When the selling wave on the main line of 'Technology Growth' is going on, the market index will also be affected, and it won't go far, right?" Zhu Tianyang thought for a while and said, "How many major indexes are the Shanghai Stock Exchange Index, the Shenzhen Stock Exchange Index, and the GEM Index? Although the indexes often diverge in intraday trends, they are actually quite strongly linked to each other.”

"If the relevant core concept sectors in the Shenzhen market are hit hard."

"Then, even if market sentiment and funds follow the trend, focusing on the main board, it is estimated that the main board will be difficult to find an independent trend that far exceeds the increase of the Shenzhen Index and the ChiNext Index? It should still be affected to some extent, and at the same time, the growth of technology 'A comprehensive collapse of this line will also have a substantial impact on the investment sentiment of the entire market."

"From this perspective, this may not be a good thing for us."

"But it's hard to have both in everything." Liu Yuan heard Zhu Tianyang's words and responded, "The current incremental funds in the market cannot support the general rise in the market. In this case, whether it is us as the leader of the market inducement, or Other active financial groups whose purpose is to make money will naturally have their own choices."

"If there is a major adjustment in the 'Technology Growth' line... then the 'Internet Finance' and 'E-Commerce' directions where we have a large position should also be greatly affected, right?" Wang Can asked, "Boss , our positions in these two directions are already profitable. Now the main line of market conditions has fully shifted to the direction of the 'infrastructure' and 'military industry' sectors. Our positions in these two directions... should we reduce our holdings? Suoying?"

Su Yu stared at the changes in the market and responded: "What is the first principle of buying and selling stocks? We need to understand what is the buying point, what is the selling point, what is the short-term selling point, and what is the long-term selling point."

"It is true that with the drastic adjustment of the main line of 'technological growth'."

"'Internet finance' and 'e-commerce', two concept sectors that have surged in the past along with the main line of 'technological growth', will also follow the changes in the fundamental expectations of the entire 'technological growth' and the changes in market sentiment. react, and follow the trend and fall into adjustment.”

"But is that why we should sell?"

"no!"

"What is the fundamental logical expectation for us to buy the corresponding core component stocks of the two conceptual sectors of 'Internet Finance' and 'E-Commerce'? It is the transformation of the traditional financial field into the direction of 'Financial Technology' under the trend of 'Mobile Internet', so Are these two major expectations: the huge incremental space for trading system software derived from it, and the impact that Ali Baba's listing will have on the valuation of the entire 'e-commerce' industry? Looking back now...it's time for these two major expectations to be fulfilled. Yet?"

"No, the current performance expectations of 'Internet finance' companies that focus on 'financial trading system software production and maintenance' and 'emerging financial services' are still rising rapidly, and 'Ali Baba' has not yet confirmed Listing on Nasdaq and even its final listing price have not yet been finalized.”

"For the trading market..."

"Once the expectations have not yet been realized, the imagination space of expectations is still increasing."

"Then, the stock price performance of related stocks is very likely to be far from reaching its peak."

"When we intervene in these two concepts, what kind of expected logic we follow, then when we exit the market and take profits, we should also follow this expected logic."

"This is the fundamental logic of holding positions and the fundamental trading principle for us to judge market buying and selling points."

"Following this logic to buy, sell and hold positions, we will not be blinded by the temporary rise and fall of the market, and ultimately be swayed by emotions."

"Of course……"

When Su Yu said this, he moved his eyes away from the fierce changes in the two cities, looked around at everyone in the trading room, and then continued with a smile: "Once the logical expectation of our buying is realized, the market will respond to the stocks we hold. The future expectations have also received positive feedback. The growth target of individual stocks has reached our original expectations, so we should not be nostalgic and should decisively reduce positions and stop profits."

"Whether we reduce our positions or clear our positions and take profits after exiting the market."

"Whatever the subsequent trend of this stock will be, whether it will rise or fall, we should not go back and re-write this check before a new entry expectation logic is formed."

"In general, we're buying and selling stocks."

“The principles to be followed should not be the stock price performance that we intuitively see, but the internal expectations and emotional changes.”

"I understand!" After listening to Su Yu's analysis, Wang Can was silent for a moment and nodded.

Of course... only he himself knows whether he really understands it.

"So..." Su Yu continued after Wang Can responded, "The first priority for us to adjust and reduce positions is to understand the check that needs to be reduced or cleared. Is it expected to reach the top? As long as we understand this With just a few clicks, you can clearly know what to do next.”

In the trading room, everyone discussed and analyzed the market trends.

When Su Yu turned back and paid attention to the market, the time trading time had passed 9:19 and entered the real call auction stage of the market after 9:20.

After checking and canceling the false orders at 9:19...

The situation presented by the market is more extreme than the situation presented by the market at 9:15.

In the entire market, a number of concept sectors and industry sector indexes related to the two main lines of 'military industry' and 'infrastructure' have all opened higher at this moment. Among them, a number of popular stocks, such as 'Beijiang Communications Construction', 'Fushunte' Steel', 'Hua Guo MCC', 'Hua Guo Railway Construction', 'Shanghai Construction Engineering' and other stocks also opened higher across the board, especially the two checks of 'Beijiang Communications Construction' and 'Fushun Special Steel', even They all opened higher than 5 points.

And the whole main line of 'technological growth'.

Regardless of the major sectors such as 'domestic software', 'film and television media', and 'Apple concept', or the major concept sectors such as 'Internet finance', 'e-commerce', and 'mobile payment', all opened lower, and the indexes of each concept The low opening range is above 1%.

As for the popular stocks in the entire "technology growth" main line area.

'LeTV' maintains a one-word limit-down call bidding trend, and orders are closed at the lower limit, which has increased from 400,000 to nearly 450,000 hands; 'Huayi Brothers' fluctuated around a 7% drop, and the call auction orders on the market increased rapidly. , is also likely to fall to the limit; 'Netspeed Technology' has slowly recovered from the initial decline of about 7% to a decline of 5%. The collective bidding orders on the market are also increasing rapidly, and funds for active selling can be said to be endless; 'Hengsheng Electronics' 'The drop is about 3%. Although the drop is not large, selling funds on the market are also emerging in endlessly...

Generally speaking, the entire main line of ‘technological growth’.

Due to the bad impact of 'LeTV' and the overall turn of the market on Friday, countless short-term funds were trapped and people were eager to liquidate their positions and stop losses. In addition, last week's continued speculation on the 'Technology Growth' line, various companies have made huge profits. Under the influence of profit-taking selling on the way to profit-taking funds.

A real panic selling and collapse situation has formed.

At the same time, it also forms an obvious contrast with the two main lines of ‘military industry’ and ‘infrastructure’.

"Hey, I really didn't expect that the opening would be so tragic."

At 9:21, in the Shenzhen Stock Exchange, inside 'Pingyin Asset Management', in the core trading room of the main fund, Liu Ziliang, general manager of the asset management business, stared at the rapidly changing market, frowning together, still feeling depressed and sighing. Said: "The form of 'LeTV' can't be stopped even if it falls to the limit. It really means that we can't sell any chips."

Their position on this check was quite heavy, and at the same time, this time... they also suffered heavy losses.

It can be predicted that through their position adjustments during this period, they have completely missed the market rhythm. In the next period of time, the net value performance of several of their main funds will be quite ugly.

Of course, there is no use in calculating these gains and losses now.

What he should be thinking about now, and what he can think about, is how to induce and leverage the market, so that his bargaining chip on the line of 'technological development' can be quickly reduced and stopped, and the corresponding position losses can be reduced.

"Mr. Liu, there is nothing we can do about the 'LeTV' check for the time being." Fund manager Chen Shen said, "But the two hot concept sectors of 'Internet finance' and 'e-commerce' are as predicted by Mr. Liu on Friday. At this moment, it has become the most resistant concept hot sector in the entire "Technology Growth" main line field. I think... we follow these two concept sectors to do trading, and we can leverage a little of the "Technology Growth" main line accordingly. Emotional.”

"There is also the direction of the main board, the two main areas of 'military industry' and 'infrastructure'. The initial expectations are too strong, and the higher opening range is not expected to be low."

"Under such circumstances..."

"I think that due to the impact of the market's incremental funds and investment confidence that has not yet fully recovered, a number of concept sectors in the two lines of 'military industry' and 'infrastructure' will definitely have some violent shocks after the market opens. We If the two major sectors of 'Internet Finance' and 'E-Commerce' are induced at the right time, it should be able to induce some funds to flow into the main line of 'Technology Growth' for bargain hunting, and the sentiment in this line will be temporarily restored. "

"In this way, we can hope to take advantage of the recovery of sentiment and the increase in liquidity to significantly reduce positions and stop losses quickly."

When Liu Ziliang heard Chen Shen's words, he pondered for a moment, exhaled, and said with a sigh: "The matter has come to this, and this is the only way to operate and choose."

After saying that, he immediately spoke deeply.

Let the trading teams of several of its funds use their remaining liquidity to appropriately undertake popular stocks with core components in the fields of 'Internet finance' and 'e-commerce', driving these two concept sectors. The sluggish market sentiment will induce all parties to Other funds that are still bullish on the market development of these two concept sectors, as well as the trend of individual stocks, focus on attacking the market upward to pull back the hype mood of collapse.

As the institution 'Pingyin Asset Management' takes a different approach and invests funds in the two main 'technological growth' areas of 'Internet finance' and 'e-commerce', it has relatively high expectations and is relatively resilient. Sectors with large amounts of capital that have not completely collapsed are used as entry points to stimulate the entire main line of 'technological growth' speculation...

When the two major concept stocks of 'Internet Finance' and 'E-Commerce', which have attracted much attention within the core concept sectors, namely 'Hengsheng Electronics' and 'Sanjiang Shopping', suddenly changed, the call auction trend suddenly emerged from deep water and exploded in volume. It has been rising steadily, and the decline has narrowed rapidly.

A number of institutional groups including ‘Yuhang Investment’, as well as hot money and small and medium-sized retail investors.

I also noticed this change instantly.

"Hey, boss...it's exactly what you said. The two concept sectors of 'Internet finance' and 'e-commerce' have not been fully anticipated, and they have gradually risen from the water." 9:23, Inside the 'Yuhang Investment' company, in the main fund trading room, Wang Can stared at the market with a hint of surprise in his eyes, "The collective bidding trends of 'Hengsheng Electronics' and 'Sanjiang Shopping' have completely changed from before. What a look!”