Rebirth of the investment era

With such a shift in expectations and heightened emotions.

The next day, Wednesday, November 12, at 9:15, with the attention of countless investors both on and off the market, the two markets continued to open higher.

I saw more than 2,000 stocks participating in the transaction, and more than 1,500 of them showed a red market and a high open pattern.

Among them, the performance of various popular main lines, as well as core industry sectors and concept sectors.

In the news yesterday, early stages of 'big infrastructure' such as 'New Era Road, Maritime Silk Road', 'Eurasian Economic Belt', 'Reform and Reorganization of Central and State-owned Enterprises', 'Shanghai Free Trade Zone'... etc. got a lot of time. , the main line of "big military industry", led the gains in the two cities at the initial moment of collective bidding, temporarily overshadowing the edge of the main line of "big finance".

And after the two core main lines of ‘infrastructure’ and ‘military industry’.

The securities and Internet finance sectors in the main line of 'Big Finance' also showed a clear trend of opening higher. The core component stocks and concept leading stocks in the sector all opened significantly higher, and among them, 'Flush', 'Oriental Flush' and 'Oriental' Fortune's and Western Securities' three core leading stocks initially opened higher by more than 3%.

Behind the main lines of ‘infrastructure’, ‘military industry’ and ‘big finance’.

It is the main line areas of 'technological growth' and 'big consumption' that also rebounded strongly during the session yesterday and were taken over by many major funds to increase their positions.

"The two main lines of 'Infrastructure' and 'Military Industry', as well as the 'Eurasian Economic Belt', 'New Era Road, Maritime Silk Road', and 'Reform and Reorganization of Central and State-owned Enterprises', have actually become the main themes of the two cities. This is the core main line leading the rise." At 9:16, seeing the market opening like this, within Yanjing Yihe Capital Company, in the main fund trading room, Gao Xiang, the trading team leader, stared at the two markets in surprise and said with emotion , "I'm wondering... does the 'Yu Hang Group' fund really have any internal channel information that goes directly to the top management? How come this fund can accurately hit the breaking point of the main market every time? It's simply outrageous. "

Judging from the historical operation traces of the ‘Yu Hang Group’ funds in the past year.

The other party really hit every turning point of the main line market with incomparable accuracy, and often after the other party concentrated on increasing positions to hit the market, the corresponding main line of the market will always have heavy news and good news one after another. It can be said that there is no exception.

This forces people to stop thinking nonsense.

For example, this time, ordinary investment institutions faced the situation where "infrastructure" and "military industry" have been weaker than the market trend for one or two consecutive months, especially the panic sell-off the day before yesterday, and the two main lines have already shown a comprehensive breakdown. When faced with a situation, the first reaction should be to avoid and wait and see.

However, the funds of the ‘Yu Hang Group’ went in the opposite direction.

He generously increased his holdings of the stock "China Railway".

Although on yesterday's Dragon and Tiger list, the important trading seat of the 'Yuhang Group', 'Fortune Road', only appeared on the buy list of the stock 'China Railway'.

However, according to the past characteristics of the core main capital operation of the "Yu Hang System".

It can be expected that the other party must have significantly increased its position in the main fields of "infrastructure" and "military industry".

And the stocks that were definitely bought on a large scale were not just the 'China Railway' stock, it just happened that the check of 'China Railway' was on yesterday's Dragon and Tiger list, exposing the financial position of the 'Yu Hang Group'.

Of course, just because of this, he wouldn't think blindly.

The key is that the funds of the 'Yu Hang Group' were at a low level yesterday, and they massively increased their holdings of the main line of 'big infrastructure' led by 'China Railway'. The news reported in the evening that they would continue to adhere to the 'big infrastructure' strategic economy. Concept, continue to promote the construction of the 'Eurasian Economic Belt', 'New Era Road, Maritime Silk Road', and deepen the reform path of 'reform and reorganization of central and state-owned enterprises', which directly promotes the expected direction of these main areas, which has to make He was overthinking it.

After all, he believed that there should not always be such coincidences in the financial trading market.

Hearing Gao Xiang's words, Chen Yihe, general manager and fund manager of Yihe Capital Company, laughed twice and sighed helplessly: "It's not like no one has guessed like you. I even heard that... there are many envious people in the industry. The institutional community has reported to the regulatory authorities many times, but the regulators have found nothing. They are trading in compliance with regulations and can’t find any evidence of insider trading.”

"Then this is really outrageous." Gao Xiang said, "Is this Mr. Su from the 'Yuhang Department' really the god of the market? Can't he be so accurate in his judgment of the market every time?"

Chen Yihe said: "That's not necessarily the case. The other party also made mistakes. As far as I know, this fund has stopped losses on a lot of stocks in the past year. Its trading winning rate is not 100% correct. It's just that In judging the direction of the main line market, I have not missed anything.”

"Then this is quite outrageous." Gao Xiang said.

Chen Yihe replied: "There is no way. Since the supervisors say there is no problem, it can only be that there is no problem. This organization is developing extremely fast. From the identity of President Su of the 'Yuhang Department', Based on the background analysis and the analysis of his resume before and after he started his business, it seems that this person does not seem to have a big background. Maybe this person... is a born trading master in the market. His sense of market trends is extremely keen and cannot be compared with ordinary people.

Hey, actually we don’t need to analyze and consider so much about this organization and Mr. Su.

If this organization has operational problems, it will overturn sooner or later.

If there is no problem, it will not have much impact on us.

Ultimately, if we want to achieve good performance, we still have to truly implement it on the two markets, and implement our own operating strategies and market analysis capabilities. "

"Well, that's true!" Gao Xiang nodded.

Chen Yihe paused and then asked: "Gao Xiang, from your perspective, what do you think of the two main lines of 'infrastructure' and 'military industry', and their associated 'Eurasian Economic Belt', 'New Era Road', Are the major conceptual themes of the Maritime Silk Road and the reform and reorganization of central and state-owned enterprises still worthy of heavy investment at present?"

Gao Xiang thought about it for a while and responded: "I think that with such strong policy support from the high-level and such firm internal determination, these main lines of concepts and themes, as well as the investment directions of 'big infrastructure' and 'big military industry', will be in the follow-up In terms of market performance, there is a high probability that it still has great potential.

However, in these main directions, prices have risen very high in the past six months.

The current position is not easy to intervene.

Moreover, it seems that in these main areas, the trends of many core stocks are quite divergent. At this time... it is not easy to select the core leading stocks with the most potential in the market outlook. "

Chen Yihe thought for a while, nodded, and said: "Indeed, the core main funds of the 'Yu Hang Group' did not seem to choose the previous core sectors and core component stocks in this round of increase in positions. 'Huaguo China Railway' '...Which branch line do you think the other party is placing its treasure on?"

The ‘Yu Hang Group’ is the main force in the market that currently has the most profound impact on the market.

As the core main fund in the current market, investor groups follow the trend most seriously and actively.

Chen Yihe felt that it would not work if we did not pay attention to the trends of this fund and did not carefully analyze the logic of increasing and opening positions of this main force of funds.

At least don't pay attention to the movement of this fund...

It is very likely that when the real main line of the market changes again, it will fall significantly behind and lose the opportunity.

Gao Xiang pondered for a while and said: "The main business attributes of 'Huaguo China Railway' are similar to those of 'Huaguo Construction', which was previously the main line of 'big infrastructure', where the main funds gathered together to speculate, and the 'Yu Hang Group' funds once held large positions. ', 'Hua Guo MCC', 'Hua Guo Railway Construction', 'Hua Guo Communications Construction'... There is no essential difference between these votes.

I really want to talk about the detailed differences...

That is the nature of the business, which is more towards ‘railway construction’.

However, this is not certain. Yesterday, the main fund of the 'Yu Hang Group' only increased its position by buying more than 100 million on the check of 'China Railway'.

This amount is more than 100 million.

For some ordinary hot money in the market, or institutions like us.

That must be considered a large amount of buying, and it also shows that it is a very optimistic motivation for buying this stock.

However, the core and main institution of the 'Yu Hang Group' is now a large capital management institution with a scale of '100 billion'. For an institution of this size, a net purchase of more than 100 million is not enough. .

Therefore, I think that based on just one stock of China Railway, I want to judge the real motivation of the funds of the Yuhang Group to increase their positions, as well as their investment strategy plans in the core main field of "big infrastructure". It's still quite difficult, and you can see that... the 'Yu Hang Group', the main force of funds, in the direction of 'big finance', currently has no movement to reduce its holdings or lighten its positions.

I guess that although the funds of the "Yuhang Group" are gradually increasing their positions in the "big infrastructure" main line.

But its core main positions are definitely in ‘big finance’, especially in the two popular sectors of securities and Internet finance.

As for them, they are currently on the two popular main lines of ‘big consumption’ and ‘military industry’.

How many positions are there specifically?

It is even more difficult to judge how much their previous core positions on these two main lines were, and how much bottom position they had.

I think..."

When Gao Xiang said this, he paused for a moment before continuing: "The two core main lines of 'infrastructure' and 'military industry' have not completely recovered from the sharp decline the day before yesterday, and their weak form has not completely transformed into In the strong state, although the current two core main lines are continued to be stimulated by the heavy benefits in policy direction, I feel that the "opportunities on the right side" of these two core main lines have not arrived as before, and uncertainty is still there. very high.

What's more, the active capital groups in the current market.

As the "bull market pattern" is getting deeper and deeper, and the expectations of a "bull market" are getting stronger and stronger.

They are mainly gathering and following the trend in the main field of 'big finance'. At the same time, the main funds of the 'Yu Hang Group', in the direction of 'big finance', it can be clearly analyzed that they also have obvious large-scale positions. of.

In other words, the market at this time...

In terms of market certainty, there is still no core line as strong as that of ‘big finance’.

There is also the current core holdings of our institution, which are mainly concentrated in the main line of "big finance", especially in the "securities" sector.

Since the market certainty of the main line of ‘big finance’, especially the securities and Internet finance sectors, is still so high.

Moreover, the large-scale capital acceptance and follow-up effect, and even the subsequent positive expectations, have not stopped yet, and have obviously turned from strong to weak.

So, at this time, there is no need for us to adjust positions and follow the two main lines of "big infrastructure" and "military industry" at the expense of the near and far, right?

Continue to stick to the line of ‘big finance’.

As long as the "bull market" pattern remains unchanged, it should still be able to significantly outperform the market index and obtain very generous investment returns. "

"It is definitely impossible to adjust positions on a large scale at this time." After listening to Gao Xiang's words, Chen Yihe responded, "But the two main lines of 'infrastructure' and 'military industry', under such strong policy expectations, And as the country firmly implements the "Eurasian Economic Belt", "New Era Road, Maritime Silk Road" and "Reform and Reorganization of Central and State-owned Enterprises", we still have to pay attention.

It is said that if a person has no long-term worries, he must have immediate worries!

The whole bull market cannot be supported by the line of "big finance" alone.

If the main lines of 'infrastructure', 'military industry', or other main lines such as 'technological growth' and 'big consumption', as the trading time goes by, the certainty and cost-effectiveness of their market development exceeds the main line of 'big finance', then We should also adapt to market developments and make strategic adjustments.

The core and main capital of the ‘Yuhang Department’.

The reason why its performance can continue to create market investment myths is the most amazing thing for everyone.

It is this institution that is always able to weigh the pros and cons and will not seize the chips on a main line market after seizing a main line market!

We have to learn their strategies and methods.

Only in this way can our fund avoid a huge retracement within a period of time like before. "

"Yes!" Gao Xiang nodded, "Mr. Chen is right, investment cannot be hung on a tree. Although the two main lines of 'infrastructure' and 'military industry' have not yet reached an obvious point of opening a position, they We really cannot relax our focus on these two core lines."

After saying that, Gao Xiang turned his attention back to the two markets.

I saw that the market trading time at this time had passed 9:19 and entered the real call auction session at 9:20.

The order was canceled at the last minute at 9:19.

After eliminating a large number of false orders, the real market conditions of the two cities were revealed...

Comparing the initial stages of collective bidding in the two cities at 9:15, there were not much changes. Under the direct positive impact, the industry sectors related to the two main lines of 'infrastructure' and 'military industry', as well as the 'Asia-European economy' Concept sectors with strong correlations with several major conceptual themes such as 'New Era Road, Maritime Silk Road' and 'Reform and Reorganization of Central and State-owned Enterprises' still show the form of leading the gains of the two cities.

Among them, industry sectors such as machinery and equipment, commercial real estate, public transportation, non-automotive transportation, and national defense and military industries, as well as concept sectors such as high-speed rail, expressway, revitalizing the Northeast, and Shanghai Free Trade Zone were among the top gainers, and many core stocks within these sectors were among the top gainers. On the market, active buying is more obvious.

As for the main line of ‘big finance’ that has always been the core of the two cities.

In the securities sector and the Internet financial sector, after the market's main capital groups were dispersed by the two main areas of 'infrastructure' and 'military industry', the buying power actively undertaken was relatively not as strong as yesterday's opening, and the increase pattern of high openings was also obviously not as strong as yesterday's opening. Yesterday, however, the relevant core leading stocks within it showed an obvious trend of 'the strong will always be strong'. Compared with the 9:15 time, the higher opening range continued to strengthen.

In other areas, the main areas of ‘technological growth’ and ‘big consumption’ opened relatively strongly.

In addition to the 'film and television media', 'domestic software' sectors, as well as the 'automobile manufacturing', 'auto parts industry chain', and 'white home appliances' sectors, they also showed a more active high opening pattern and active buying attacks, and the trend became stronger and stronger. Due to the strong market trend, the liquor, retail, smartphone industry chain, supermarket chain, Internet e-commerce and other sectors that rebounded strongly yesterday have basically lost the motivation to continue to open higher and attack fiercely, and the core stocks in these sectors have The active buying on the market is no longer so active.

Of course, outside of these core main areas.

Other non-popular core main fields such as 'non-ferrous metal cycle', 'petrochemical industry', 'coal', 'pharmaceutical business', 'agriculture', 'animal husbandry'... are basically in the collective bidding stage, with no obvious main force. Capital groups are paying attention, and there are no obvious signs of a sharply higher opening.

Subsequently, as the collective bidding time continued to advance.

When the trading time of the two cities reaches 9:25, the collective bidding of the two cities ends.

I saw that the Shanghai Stock Exchange Index finally settled at a 52% increase, while the Shenzhen Stock Exchange Index and the ChiNext Index opened higher by 44% and 46% respectively.

"Fortunately, the two cities opened higher, but not very high, thus avoiding the risk of falling back after the opening."

At 9:26, in the main fund trading room of Xinniu Fund Company in the Shenzhen Stock Exchange, Fang Xinsheng, general manager of asset management business and product manager of the 'Manniu No. 1' fund, stared at the fixed layout of the two markets and breathed a sigh of relief. He said with a smile, "Although this high opening range is slightly lower than expected in terms of the bullish sentiment of the pre-market market, it can clearly give us a high-level view of the subsequent market trend. We look forward to the index's comprehensive response to the previous day's plunge today." Backpacked."

"Eh... Lao Fang, didn't you say that this high opening range is obviously a bit lower than expected for the pre-market sentiment?" Liu Xin, the general manager of the company standing next to Fang Xinsheng, was slightly startled when he heard what he said, and couldn't help but quickly Asked a question, "Then why do you say that you can take a high look at the follow-up market? Isn't this contradictory!"