Chapter 259 Macro-Consciousness!
Amidst everyone's anticipation and speculation, 5:30 p.m. arrived and the Dragon and Tiger list was refreshed.
Among the two main concept stocks of "mobile Internet" and "smartphone industry chain" on the list, Fortune Road did not appear. Instead, "Mingzhou Jiefang South Road" representing Zexi Investment and Xu Xiang was on the selling list of several stocks, attracting attention.
"Haha... Fortune Road didn't leave!"
Seeing such Dragon and Tiger list data, most investors in the market who gathered on these two main lines breathed a sigh of relief.
"It's actually the chief who is selling. It seems that the main market funds have indeed diverged on the two main lines of 'mobile Internet' and 'smartphone industry chain'."
"Don't be afraid of divergence. There will be a market only if there is divergence."
"Yes, from the perspective of the emotional changes in speculation, the node of divergence of the main funds will never be the top of the market."
"Let the chief sell it. As long as the road to wealth is not gone, there is no need to worry too much. After all, in the market of these two main lines, the 'road to wealth' is the real stabilizer."
"As long as the road to wealth is there, the popularity is there!"
"It's good to wash the chips. This will also release more high-quality chips, while intensifying the exchange of chips, and also help the market form a more solid support platform here."
"That's the reason. The road to wealth has not been sold. Today's panic at the end of the market, It's just a blind panic."
"Then tomorrow, it should be able to rebound, right?"
"It's hard to say. Although Fortune Road didn't sell today, the K-line of the market today is really ugly, and the index has indeed risen for ten consecutive trading days. It is estimated that it will need to adjust before it can go up."
"Even if it is an adjustment, it must be a benign adjustment, right?"
"That's for sure! Have you all read the analysis post that the big boss of Fortune Road posted at the end of June? At that time... the big boss judged that the bull market was coming."
"Since it is a benign adjustment, I will hold it to death."
"Don't they say that you have to hold stocks in the bull market to make a lot of money? Then I will hold it to death, regardless of fluctuations, and hold it until the end of time!"
"The appearance of the tombstone line means that the trend may reverse, not to mention that the volume is not small today. If it adjusts... I'm afraid the amplitude will not be low. I don't think it will be a big adjustment. Can't be too optimistic. "
"It's not very reliable to just look at the K-line pattern and analyze the market through technical analysis, right?"
"If the trend continues, then today's line should be called 'the immortal's guidance'."
"It still depends on the basic logic and macro fundamental analysis. 'Mobile Internet' and 'smartphone industry chain' should be in the early stages of outbreak. The market demand and future growth potential are still huge. The core concept stocks of these two main lines have risen too fast in the short term, but from a long-term perspective, I think... there is no problem at all."
"And Mr. Su of Caifulu said that it is a bull market. I think the logic of the market bull market should also be established."
"So, if we analyze these concept bull stocks in the hot market according to the valuation system of the bull market, then The price space is even wider. "
"I agree. High-quality chips usually become more scarce as the market price rises. "
"We can't look for bulls while riding a bull. The two main lines of 'mobile Internet' and 'smartphone industry chain', as the core development industries in the emerging economic field, will definitely produce a batch of ten-fold stocks, or even dozens or hundreds of times bull stocks. At present... even Huaqingbao, which has the largest increase, has only risen 6 times from its historical lowest position, and it is still far from 10 times. There is no need to worry too much. "
"Also, the current investment authority of the GEM has not been fully liberalized. "
"Later, if the authority to open the GEM is reduced and more investors pour in, then the chips of many current stocks will become more scarce, and their stock prices will definitely rise. "
"In short... no matter from which aspect, I don't think this will be the top, there will be huge risks. "
"Then what is the logic of the chief leader reducing his position? "
"The chief leader has always been a short-term investor, right? The market has been up for ten consecutive days, and it feels like it is going to pull back, so the other party will naturally reduce their positions to stop profits. Judging from the past operation methods of the chief leader, he doesn't care about the long-term investment logic at all, and just speculates on the stock price. "
"Hey... I said that you don't need to analyze so much, as long as the road to wealth has not been sold, just keep holding it."
"According to the previous announcement of the 'Yuhang No. 1' fund, their holdings in the two main lines of 'mobile Internet' and 'smartphone industry chain' are at least around 3 billion. With such a large amount of holdings, if you want to exit on a large scale, there is no way to be silent. Just keep an eye on the Dragon and Tiger List and the operation of the road to wealth. "
"Yes, yes... Compared with the main force, we small investors also have advantages, that is, the small ship is easy to turn around! "
Under the Dragon and Tiger List data, in the heated discussion of the crowd...
At this moment in the Magic City, inside Zexi Investment, in the trading room, Xu Xiang carefully looked at the data of the listed stocks under the two main concepts of "mobile Internet" and "smartphone industry chain", but frowned: "Mr. Su from "Yuhang Investment" has not sold a single share today, and there is no sign of buying and selling. It's really strange!"
According to his inference, the other party should not be indifferent to today's market trend.
What's more, the other party's holdings on these two main lines are heavier than the "Zexi Investment" he leads.
"It is indeed a bit surprising that Fortune Road did not appear." Zhou Kan, who was standing next to Xu Xiang, was surprised for a moment and said, "This Mr. Su... really doesn't play by the rules!"
"Not only did Fortune Road not appear, but institutions actually increased their holdings." Xu Xiang paused and said, "Could it be that the lie of the bull market... is being told seriously? Or did the market briefing led by the regulatory authorities during the National Day really work and bring in a lot of institutional incremental funds?"
"Not really!" Zhou Kan said, "Judging from the diving situation in the afternoon, the market performance On the surface, although the mood is hot, the confidence is still very weak. Once there is a slight disturbance, they will follow the trend and sell. "
Xu Xiang nodded slightly, then pondered for a while, and said: "Let's slow down tomorrow and see the subsequent reaction of the market. If there is no way to make money, the market sentiment will most likely continue to stabilize. In addition, the regulatory authorities have spared no effort to promote the bull market. Maybe the two main lines of "mobile Internet" and "smartphone industry chain" will soar upward under the influence of emotions. "
Since his judgment and expectations have produced some deviations in the actual market performance.
Then we have to adjust them in time.
Of course, in terms of overall investment strategy, he still firmly believes that there will be no bull market in the market in the short term, and the index trend will not continue to rise for too long at the current position. Although the policy of reducing positions and stopping profits on the two main lines of "mobile Internet" and "smartphone industry chain" has slowed down, there is no change.
As the two discussed the Dragon and Tiger List...
At this time, Yanjing had just held the "Future Investment" summit, calling on some leaders of private equity and public equity institutions to enter the market. When they saw the scene of "Zexi Investment", which had participated in the meeting, openly smashing the market on a large scale, they felt a burning pain on their faces, as if they had been slapped.
However, no one complained openly, but they felt a little uncomfortable in their hearts.
And they began to have a deep impression of this private equity institution.
"Master Xu, this..." As the whole market was discussing and undercurrents were surging, Su Yu, who was inside "Yuhang Investment", was full of emotion about today's Dragon and Tiger List data, "The ability to trade and the perception of timing direction are extremely sharp, but why didn't the macro consciousness keep up?"
In China, no matter what you do, there is a potential rule.
That is, you must consider the overall situation.
But it is obvious that today's "Mingzhou Jiefang South Road", that is, "Zexi Investment", only thinks about the problem from its own perspective, and does not reflect the overall thinking.
In Su Yu's view, the reason why the regulators are so eager to heat up the market, let major securities and financial media promote the bull market, attract all kinds of off-site investors to enter the market, and even intervene in the market through window guidance, should be that the higher level has given the regulators a death order in the formulation of macroeconomic strategies, requiring them to open up direct financing channels in the financial market within a certain period of time, so that finance, which is called the "blood" of the economy, can be completely active.
In other words...
The regulators need a wave of continuous trend market conditions to accumulate emotions and funds to restart IPOs.
This is the basic logic of his layout of IPO restart, and it is also the main basis for him to carefully reduce his positions and avoid the Dragon and Tiger List.
And obviously, Xu Xiang did not think of these.
However, Su Yu carefully thought about Xu Xiang's life experience in the future, thinking about his performance in the second half of the upcoming bull market, and the other party's actions when the bull market ends and the bull and bear market change again, and thinking about his final experience of imprisonment, he felt relieved.
Everyone's trading thinking and way of looking at problems are different.
It is natural that there are limitations on certain issues. After all, no one is perfect.
"Macro awareness?" Li Meng heard Su Yu's sigh and did not fully understand it. She asked, "We are not a public offering institution, nor do we bear the responsibility of maintaining the market. Are we too cautious? In my opinion, Jiefang South Road is consistent with our ideas. There is no big problem, right?"
Su Yu stared at Li Meng and said, "To fish and harvest in the pond of A-shares, in addition to the fishing technology, you have to see whether the supervisor of the fish pond allows it. If not, then no matter how many fish you catch, it is considered private fishing, which is illegal. People have the authority to find a reason to confiscate it."
"Although 'Jiefang South Road' is at the current market node, Reaping profits is also within the rules. "
"But if the supervisor is unhappy, he will find it difficult to make things difficult for you in the future, which will be uncomfortable, right?"
"With small funds and small scale, no one cares."
"But when the funds are large and the market influence is large, then making money, in addition to ability, you must pay more attention to whether you can make money and whether you should make money."
"National economic development emphasizes sustainability, and we as investors and entrepreneurs."
"In making money and company development, we must also pay attention to sustainability."
"Although considering the overall situation is often an empty talk, it can also serve as a talisman at a critical moment and can determine the ultimate future and destiny of a company or an individual."
"Okay!" Li Meng nodded slightly. Although she still disagreed with Su Yu's opinion, she did not continue to argue with Su Yu. Instead, she paused and changed the subject. "Today, in the 'reorganization and shell-borrowing' concept sector, 5 stocks have been listed on the Dragon and Tiger List. Except for Xinwei Group, which has been on the board for several days, the others... are all newly hyped by hot money during today's trading. What do you think of this line, Mr. Su?"
"It is still hot money that is taking advantage of the sentiment created by 'Xinwei Group' to conduct short-term speculation." Su Yu said lightly, "Although this line has exploded today, it is not sustainable. After all, 'Xinwei Group' has been on the board for twelve consecutive days, and its market value has expanded to more than 50 billion. Even if there is a sentiment premium, there is really not much room. "
"And without the "Xinwei Group", which has created a space for market sentiment speculation."
"The concept of "reorganization and shelling" cannot open up new speculation space at all."
"In addition, in the subsequent market performance, the expectation of the restart of IPO will definitely be discovered and excavated by the main funds that are well-informed or sensitive to the market. Then, under the expectation of the restart of IPO, "reorganization and shelling" will have even less speculation space and expectations."
"So, although this concept is very hot at present, it is not suitable for participation."
"We just watch the show!"
"Okay!" Li Meng nodded seriously this time, agreeing very much.
When the two of them were seriously discussing the continuity of the speculation of the main line of the concept of "reorganization and shelling", the general manager Xu Zhongji of "Minghui Capital" in Yuhang was excited.
Because most of the holdings of the main fund of "Minghui Capital" are on the main line of the concept of "reorganization and shelling".
Today, the market of this concept main line has exploded, and Xinwei Group has exceeded expectations for 12 consecutive boards, which can be said to have caused the net value of the two main funds under their company to soar by almost 5%, setting a new high for the annual fund net value.
"Fortunately, we did not chase the market of the two concept main lines of 'mobile Internet' and 'smartphone industry chain'!" Xu Zhongji laughed, "Mr. Su of 'Yuhang Investment' is right. There is no shortage of opportunities in the market, and everyone's investment style is different. There is no need to chase market hotspots. As long as you can seize opportunities that fit your investment style, you can also make huge profits."
"That's it!" Next to Xu Zhongji, Manager He, who is in charge of the 'Minghui No. 2' fund, was also in a very comfortable mood and smiled, "Looking at the situation, the chip structure of the core concept stocks of the two lines of 'mobile Internet' and 'smartphone industry chain' is gradually loosening."
" I guess... it's not far from the peak. "
"According to today's market trend, it is obvious that the active funds in the market after the holiday have chosen the line of 'reorganization and shelling' to replace the decline of the two lines of 'mobile Internet' and 'smartphone industry chain'. It seems that the high-low switching point of the market will return to the main line of the concept of 'reorganization and shelling'. "
"If the high-low switching point of the market is really the line of 'reorganization and shelling'..." Xu Zhongji laughed, "Then several funds in our company will probably receive a big year-end red envelope in the last two or three months of the year!"
After the market performance in the third quarter, the current market sentiment and market conditions have been completely heated up.
Whether retail investors, hot money, or institutions, they are obviously much more active than in the first half of the year.
So...if the high-low switching point of the market is on the line of 'reorganization and shelling', then with the current market's active funds, this line will at least have an average increase of 50%, and even the core concept stocks will have a short-term increase of more than double, which is not uncommon.
And their main layout direction is this direction.
Once the active funds in the market converge in the direction they expect, they, as institutions that have long been deployed to seize the opportunity and high-quality core stock chips, will naturally make a lot of money.
"I hope so!" Manager He rubbed his hands, obviously unable to hide his excitement.
Xu Zhongji thought about it seriously and felt that if the market's next trend really develops in the direction he expected, then the banner of "Xinwei Group" must not fall, and it is best to open the board as late as possible.
After all, only this check can continue to open up higher market space and create a stronger money-making effect.
The speculation of hot money in this direction will become more intense.
"No... I have to call President Su." After careful thinking, Xu Zhongji said, "The internal potential main force of "Xinwei Group" is not just our Minghui Capital. At that time, President Su's "Yuhang No. 1" fund also intervened in this stock in order to support us. If we want "Xinwei Group" to continue to delay the opening of the board, we have to persuade President Su to continue to lock the position together."
Thinking of this, Xu Zhongji did not hesitate.
He quickly took out his cell phone and called Su Yu, laughing: "Boss Su, it seems... our two companies need to cooperate again."
"Boss Xu, do you want me to help lock up Xinwei Group?"
Su Yu thought for a moment and guessed the purpose of Xu Zhongji's call.
Xu Zhongji had seen Su Yu's ability to analyze changes in market conditions, and was not surprised that he could easily guess what he meant. He continued to say with a smile: "That's what I mean. Currently, the stock of Xinwei Group, our two companies , should be the largest main force in the circulation market. Locking up a position and delaying the opening of Xinwei Group will be beneficial to both you and us. Everyone can earn more. "
Su Yu responded with a smile: "Mr. Xu is mainly worried that our company's seats will have too much influence. Once we fully sell out, the seats will appear on the Dragon and Tiger list, which will directly bring down the Xinwei Group stock, and Is this the concept of 'restructuring and backdooring'? Okay...if we lock up the position for one more day, we can make millions more. I have no reason not to agree to Mr. Xu's request, not to mention that Xinwei Group's backdooring of Hua Chuang This investment opportunity was originally told to us by you.”
"Thank you very much, Mr. Su." Xu Zhongji said happily, "Next time, I'll treat Mr. Su to dinner."
Su Yu replied: "You don't have to eat. After all, this is a mutually beneficial and win-win matter. It doesn't count who is helping whom, but... in the line of 'reorganization and backdoor', there are still hidden risks. There is no expectation that it will continue to advance." The changing logic may make it difficult for the market to last long.”
"Thank you, Mr. Su, for the reminder." Xu Zhongji said, "Next time, I will definitely invite Mr. Su to dinner."
After saying that, the two just hung up the phone.
"Mr. Xu, how are you?" Manager He asked slightly nervously.
Nowadays, the impact of the seats of ‘Yuhang Investment’ Fortune Road has become an important consideration in market sentiment, especially for the stocks sold by Fortune Road.
If Fortune Road is unwilling to lock up positions with them, it will delay the launch of Xinwei Group.
So, they alone cannot stabilize the situation of Xinwei Group and support the market trend of the main concept of "reorganization and backdoor".
Xu Zhongji smiled and replied: "There is no problem. Mr. Su from 'Yuhang Investment' is quite powerful. He has no reason not to agree to the mutual benefit and win-win situation, but..."
Xu Zhongji paused and then said: "He reminded me to pay attention to the risks of 'reorganization and backdooring'. What do you think?"
"Risk?" Manager He was stunned, "I don't see any risks right now?"
In his view, the concept of 'restructuring and backdooring' has only become popular again today. Compared with the broader market, various concept stocks are still at a relatively low position, and IPOs have stagnated. Companies that want to go public are backdoored. Demand has always existed, which means that the underlying hype logic of this main line of concepts has always been there. What risks can there be?
"He said something about the expected continued advancement and transformation logic." Xu Zhongji murmured.
Then, I thought carefully about the exchanges with Su Yu in Yanjing a few days ago, and remembered the exchange summit on 'Future Investment'.
After a while, he suddenly had an idea and said in shock: "It's impossible!"
"What...what's impossible?" Manager He was still confused.
"If the market really develops like this... then we really need to be vigilant." Xu Zhongji didn't seem to hear Manager He's question, "Old He, it's better to keep our positions unchanged for now. Let's watch and observe to see what happens next in the market. Let's go and see if the two popular main market trends of 'mobile Internet' and 'smartphone industry chain' can continue. If not, then we will add more positions to follow up. If it can continue...then we have to be very careful. ”
"Xu always feels that this is not a node for the market to switch high and low?" Manager He understood and asked.
Xu Zhongji was still thinking about Su Yu's words in his mind. He waved his hand slightly and said, "It's not this reason, but the more the market rises, the more dangerous we are!"
After speaking, he didn't wait for Manager He's reaction.
He quickly walked out of the trading room and headed to the market intelligence analysis department.
With the collision and discussion of different opinions from various institutions, hot money, and retail investors in the entire market, everyone has continued to speculate on the trends of the "Wealth Road".
In the evening, regulators still sent out relatively clear positive signals.
Moreover, what is commendable is that the stock market has been on the rise for ten consecutive years and the capital market has returned to a hot investment market. It was actually featured on the 7 o'clock news broadcast.
So, all of a sudden...
Originally, because the index surged higher and fell back during the day, leaving an extremely ugly 'tombstone line', many investors whose confidence in the market outlook was obviously low began to feel excited and confident, and at the same time, off-site Many potential investors who don’t usually pay much attention to the stock market.
After seeing the news about the stock market's "ten consecutive positives" on Xinwen Broadcast, I was ready to take action.