Chapter 264 The Tailwind of ‘IPO Restart’!

"The main seller of Fortune Road is worth 500 million, it will be over tomorrow!"

Market investors who had all their positions gathered on the two main lines of 'mobile Internet' and 'smartphone industry chain' were filled with panic at this moment.

"What are you afraid of? According to the position data released by the 'Yuhang No. 1' fund some time ago, Wealth Road holds positions of at least 3 billion in chips on the two main lines of 'mobile Internet' and 'smartphone industry chain'. The sale amounted to just over 500 million, which is not considered a violent liquidation at all, but a reduction of 10% or 20% at most.”

"Yes, yes, these more than 500 million are nothing to Fortune Road."

"Sell on the Fortune Road and buy on the Recovery Road. This super main force in the market is not bearish on the market, right?"

"Reducing positions by 10% or 20% is naturally not considered bearish. To verify whether Wealth Road is really bearish on the market and bearish on the two main lines of 'mobile Internet' and 'smartphone industry chain', we have to look at tomorrow's dragon and tiger." Chart data, if Fortune Road continues to sell, then you should pay attention.”

"But this should also be a signal to reduce positions, right?"

"Indeed, although Fortune Road is not completely bearish on the market, this large-scale reduction of positions should also indicate that Fortune Road judges that there will be a big adjustment in the market in the future."

"Even if there are adjustments, it should still be benign, right?"

"That's for sure... I estimate that the index will go back to the 20-day line at most, or the 30-day line will be about the same."

"To be honest, the two main lines of 'mobile Internet' and 'smartphone industry chain' have been rising a little too fast recently. It would be good to adjust and consolidate!"

"Looking at Fortune Road's news today, while selling popular stocks with core concepts such as 'mobile Internet', 'smartphone industry chain' and 'restructuring backdoor', I used Fusheng Road to buy Potential Hengxin. This should be It is this main force that is optimistic that the petrochemical sector will take over the market amid major market adjustments. Is there a clear opportunity? "

"But Fusheng Road only bought more than 20 million yuan. Compared with the more than 500 million yuan sold on Fortune Road, it is not worth mentioning!"

“It doesn’t matter how much money you buy, the key is your attitude and direction.”

"However, the petrochemical sector has no room for imagination and the ability to explode in expected future performance. What's more, there are still two barrels of oil in this sector. Who can pull it up?"

"It's okay if you can't see the logic. If we can also guess the main force's thoughts, then we are the main force in the market!"

"Never mind it, just follow the trend without thinking and try to build your potential and trust tomorrow."

"Hey, when I first saw the Dragon and Tiger List, I was really shocked when I saw so many chips sold on Fortune Road. But now... after listening to everyone's analysis, I finally feel reassured. Yes, more than 500 million in selling funds. , compared to Fortune Road’s holdings of at least 3 billion, it’s nothing at all, not to mention, when you sell, you are still buying, bull market, bull market... I still believe that the current market is a bull market!”

"Even if more than 500 million are sold, the two main lines of wealth are 'mobile Internet' and 'smartphone industry chain', which are still absolutely heavy positions. As long as the general direction of the bull market and the general trend have not changed, there will be a healthy adjustment..." I'm too lazy to move. At most, I will use a small position tomorrow to hit the daily limit of potential and trust. "

"Same thinking, I estimate that Fortune Road should have been passively smashed in the late trading today."

"On the two main lines of 'mobile Internet' and 'smartphone industry chain', whether it is the future imagination space or the benefits of explosive performance, they are still there. What is there to be afraid of?"

"After another day of observation, I estimate that Fortune Road will not continue to lighten its positions."

"Although I am still optimistic about the bull market, since Fortune Road appears on the Dragon and Tiger list, I will temporarily exit the market tomorrow in accordance with the discipline. I will come back when the index reaches the 5-day line. This way, although it is possible The market will go short for a while, but it will also eliminate some risks. "

Everyone was having a heated discussion about the data on the Dragon and Tiger Rankings.

After the initial panic and fright, compared with the market's repeated counter-guarantees, the current market trend is still there, and the technical situation has not completely deteriorated, everyone's minds have gradually settled down, and confidence in the bull market has been restored, and from then on From various angles, it is far-fetched to analyze that Fortune Road's today's reduction of positions is actually a disguised form of optimism about the market, freeing up more funds and positions to replace new stocks.

Moreover... everyone also analyzed the overall holdings of the 'Yuhang No. 1' fund.

Still at an extremely high water mark.

I found various reasons for reducing my position on Fortune Road, and then used these reasons to numb and convince myself.

"Sure enough, as the market trend continues, once the thinking of retail investors is solidified, when there is a clear signal of market change, very few people can follow the discipline, change their thinking, and exit immediately." At this moment in the Shenzhen market, Xin In the trading room of Niu Fund Company, fund manager Fang Xinsheng browsed through the Internet and discussed the topic of 'Large-scale reduction of positions on the road to wealth on the Dragon and Tiger List', and couldn't help but sigh, "Such an obvious signal, and Fortune Road has been publicly listed on the Dragon and Tiger list. Unexpectedly, the vast majority of retail investors in the market still hold on to the illusion of a bull market and the hope that the market can hit 2,500 points or even 3,000 points without any obstacles in the future. I still dream that Huaqingbao can hit the 100 yuan mark, and Internet speed technology can hit the market value of 100 billion, I really don’t know what to say!”

"Under the continuous money-making effect, people's greed is always endless." Liu Xin, general manager of Xiniu Fund, said with a smile, "After people make money, they often think that they can still make more money and think that the index will rise. Since all previous declines have been reversed, I naturally believe that this time will be no exception.”

"At this time, greed has eroded the hearts of most investors."

“Even with Fortune Road’s market influence, it cannot shake the greed in everyone’s hearts.”

"Everyone will only analyze and find reasons to support their own position logic within their own cognitive scope and according to their own ideal ideas."

"Speaking of which...this is also a good thing!"

“Think about it, if there weren’t these retail investors’ inherent thinking and uncontrollable greed.”

“How do major institutions like us profit?”

"The stock market, especially the domestic stock market, is a zero-sum game during 90% of the trading time. Some people make money and some people always lose money, and these retail investors are the best source of nourishment and profit."

"For many people..."

"Even if you tell him the wealth code, tell him where to reduce his position, where to increase his position, tell him which stocks will rise and which stocks will fall, he still won't be able to grasp it and won't make money."

"This is because a person's cognition determines his way of thinking and operating ideas."

"It can't be changed, and no one can."

"This is also the source and basis of the saying in the market that a person can only make profits within his own knowledge."

"So... there is no need to feel so deeply for these people. Instead... we should be happy. At least with them here, it will be much easier for us to make money."

"Otherwise, think about it."

"If the market is full of competitors like Fortune Road, then we will really have no choice but to rely on the northwest wind."

"Mr. Liu's words... really hit home." Fang Xinsheng was stunned when he heard Liu Xin's words, and couldn't help but laugh, "Most of the time, in a market that is a zero-sum game, ours The source of profits is really provided by the retail investors in the market.”

"I was just thinking..."

Fang Xinsheng paused and then said: "There is such a big movement in Fortune Road to reduce its position today. What is the real motive?"

"Is it possible that this main force of funds is really just kind-hearted in reminding retail investors and institutions in the entire market that the market has reached its peak and they should quickly reduce their positions?"

"In other words, the other party thinks that the market will have some huge negative consequences in the future."

“That’s why we need to reduce our positions so urgently.”

"After all, if it were me..."

"In the same main line field, the position size reaches more than 3 billion. It is simply impossible to finish the position in a short time. When the position is completed in a short time, I will definitely not expose my seat as soon as possible. I would rather reduce my position a little at a time than Would kill with such urgency and violence.”

"Huge negative news?" Liu Xin was startled by Fang Xinsheng's idea, "No way? Aren't the regulators very concerned about the market right now? They want to throw good news to the market every day, and they let the financial and securities media sing about it every day. Multi-market, no matter how you look at it...at the macro level, there will be no major negative effects on the stock market.”

"And the peripheral market..."

"The Federal Reserve's parliament went to Congress in December, and the U.S. stock market trend is also quite stable. The European economy and the U.S. economy are slowly recovering, and there are signs of emerging from the quagmire."

"These are all good things!"

"It can only be said that at this stage of the market, the profit accumulation is indeed too heavy, and adjustments are inevitable."

Fang Xinsheng pondered for a while and replied: "From a market analysis perspective, the probability of a major negative event is indeed small, unless a 'black swan' event occurs, but a 'black swan' event is inherently unpredictable, but I think... The Fortune Road fund is not an ordinary main force in the market. Every time this fund appears on the Dragon and Tiger list in a large scale, whether it is on the selling list or the buying list, the market will usher in a major market change, so there is This worry.”

"The means and methods of entering and exiting the market of this stock are extremely sharp and decisive."

"I feel that when the other party is reducing its position in the two main lines of 'mobile Internet' and 'smartphone industry chain', it must have other actions."

Liu Xin thought about it for a while and said: "For this fund, apart from the reduction in positions on the two main lines of 'mobile Internet' and 'smartphone industry chain', the only thing that can be observed is that this fund has the potential to increase today." There has been a buying action on Hengxin. Is it true that... as predicted by many retail investors, this stock of funds is moving toward the petrochemical sector? "

"Petrochemical industry?" Fang Xinsheng chuckled, "This prediction...does Mr. Liu believe it?"

Liu Xin coughed slightly and said: "I also think it is too outrageous. Even if we are betting on the recovery of international oil prices, the recovery of the macro economy, and the A-share petrochemical sector, the reflection arc is too long, and there will not be much progress at all. If too much follow-up funds enter, it will not lead to a big market.”

"What's more, in the petrochemical sector, the weight of two barrels of oil is too high."

"If you want to speculate in this field, you can't avoid these two big guys."

"And the internal chip structure of these two big guys is basically dominated by public equity institutions, large national funds, Joaquin, and Huijin. If you dare to enter the wealth road... then I have to respect him as a man!"

A trillion-level giant, facing a board dominated by the national team.

In Liu Xin's view, as long as Fortune Road dares to enter, the public-funded institutions that have been trapped in two barrels of oil for many years will definitely sell it off without hesitation and use Fortune Road's billions of funds, leaving nothing behind.

Therefore, those who truly believe that Fortune Road will adjust their positions to the petrochemical sector are either stupid or stupid.

And if you don't touch two barrels of oil, first, the market will not be able to speculate, and second, small-cap concept stocks in other sectors cannot accommodate such a large amount of funds.

"So..." Fang Xinsheng said, "Fushenglu's buying action on Potential Hengxin today is definitely a fake move to induce other follow-up funds in the market to enter. The purpose must be to cover up their fund's 'secret position' buying in other areas. Enter operation.”

"Mr. Liu still remembers the ambush of Fortune Road funds on the main line of the 'Shanghai Free Trade Zone', right?"

"No one thought beforehand that Fortune Road would be the biggest winner in the whole 'Shanghai Free Trade Zone' concept hype, and the net value of their fund suddenly increased several times."

"I have studied this person's operating ideas..."

"Excellent at capturing market information, exploring themes and concepts, and also very good at lurking and building momentum to create monster stocks."

"Moreover, I also discovered a characteristic of this person."

"That's greed. Although the fund he manages is completely closed most of the time and no position or net worth data is released to the public, I found through historical backtesting that during the operation stage of his fund, basically They are all in a full position, even if the market changes, the position is still full. "

"Only by maintaining a full position can we create a performance myth of 10 times in three months."

"Now, the fund he manages is quite large. Under the inertial trading mentality and the pursuit of extreme performance, he still maintains the operation of switching between full positions. Then it will be easy for us to capture this fund in the market. Traces."

"Do you have a definite idea?" Liu Xin was particularly excited when he heard Fang Xinsheng's words.

If they can detect the position adjustment ideas and trends of Fortune Road funds in advance, then they can snipe midway, or even rush to raise funds in advance and harvest the fruits.

This is for them who have been suppressed by the ‘Yuhang No. 1’ fund.

But it's an excellent opportunity to counterattack.

Moreover, if they can really seize the trend of funds in Wealth Road, successfully snipe at the other party, and drag the other party down from the investment altar, then the reputation of their fund company will skyrocket in an instant, and their investment customer base and future asset management volume will also increase. There is a huge room for improvement.

"We still need to observe and observe." Fang Xinsheng said, "But at least... I can make it clear that the next layout direction of Fortune Road's funds will definitely not be in the petrochemical sector."

"Okay, keep observing, observing!" Liu Xin rubbed his hands, "Don't worry, this fund is so large that it cannot be completely invisible during the period of rebalancing and stock exchange."

The two are continuing to discuss...

At this moment in Yanjing, inside Anlan Fund, in the trading room.

Xie Wanting stared at the large-scale sales of the Dragon and Tiger List on Fortune Road, pondered for a while, and then said: "Teacher, did he do this on purpose?"

"Huh?" Zhou Guohua was stunned, having difficulty understanding his apprentice's train of thought, "On purpose?"

"The selling was too deliberate," Xie Wanting said. "Based on my impression and understanding of him, he is very confident in his judgment of the market."

"Since he has judged that the market does not exist at the macro level, there is no bull market."

"With his confidence and holding such a large position, he will definitely not start reducing his position when the market shows an obvious signal of peaking, right?"

"I felt strange before..."

"The daily transactions of Huaqingbao, Fenda Technology, Changqu Technology, and LeTV are so fierce. A few days ago, when many fringe concept stocks were on the Dragon and Tiger list, these popular stocks were all avoided. "On the Dragon and Tiger List, especially last Friday, Changqu Technology was obviously able to close at the daily limit, but it suddenly fell below 7 points."

"Looking now, these votes intentionally avoid disclosing data."

"And in the chip structure of these tickets, there is no one else who has the ability to control the market to such an extent. Apart from Fortune Road, which holds large-scale positions in these popular stocks, there will be no one else. After all, Jiefang South Road has taken out many positions before , unable to control the game to such an extent.”

"But Master, look at today..."

"Stocks such as Huaqingbao, Fenda Technology, LeTV, and Xinwei Group, which are heavily held by Fortune Road, all appear on the list, and Fortune Road has a large volume and very urgent selling action. Is this not intentional, or what? "

Speaking of which...

In Xie Wanting's mind, Su Yu's calm and calm expression flashed again, smiling and talking, and she said softly: "He deliberately revealed his seat and was not afraid of causing panic in the market. He should have finished exiting the position, right? Really?" It’s powerful when you don’t move, but when you move it’s a thunderous move.”

"It makes sense!" After hearing Xie Wanting's analysis, Zhou Guohua reacted instantly.

"But why did he buy Potential Hengxin?" Xie Wanting thought about one thing, but was stumped by another. "In the petrochemical industry, there are really no opportunities!"

Zhou Guohua thought about the key points, paused, and said: "Since his selling position on the Dragon and Tiger list to reveal the wealth road was deliberate, then the buying potential and trust were probably also deliberate. The purchase of more than 20 million Compared with the amount of funds invested, which can easily reach hundreds of millions or billions, it is really not worth mentioning. "

"Follow your thoughts..."

"He should be diverting the market's attention from all the major funds that are paying attention to his seat, and secretly adjusting positions in another main direction. And...according to what you said, his move is probably the final clearing move, so he The layout in the other direction is probably almost complete.”

"But... which direction will it be?" Xie Wanting tried hard to think hard.

Zhou Guohua smiled and said, "It's impossible to guess. After all, the market's daily turnover is more than 100 billion. If he hadn't built a position very quickly in a short period of time, it would be difficult to detect the traces."

"I remember..." Xie Wanting carefully thought about every word she said to Su Yu during the two days of his brief stay in Yanjing during the National Day, and said softly, "He said that in the market, whether it is Regulators, national team capital, public equity institutions, private equity funds, hot money, and retail investors all have their own interests and goals. They also said that the "Future Investment" investment exchange summit was deliberately planned by the regulators. It’s a briefing held with a mission.”

"Teacher, what do you think..."

An idea flashed in Xie Wanting's mind, and she suddenly looked excited and asked: "What are the most urgent needs and tasks of the regulatory authorities at the moment?"

Zhou Guohua's heart moved and he completely understood.

"You mean..." He stared at his apprentice's beautiful eyes, "IPO restart plan!"

Xie Wanting nodded firmly and smiled: "I think... it must be yes. Taking the IPO restart as the core logic point, then the recent market trends, the attitude of the regulators, the hype of the relevant media, and the hustle and bustle of the bull market ...Everything makes sense.”

"Moreover, the global economy is turning and new economic sectors are booming."

"If the domestic economy wants to pick up and recover, GDP will return to rapid growth, opening up direct financing channels in the financial market, and revitalizing the economic bloodline that has been blocked for almost a year and a half, should be the top priority, right?"

"Yes!" Zhou Guohua said with emotion, "One of the most important functions and tasks of the stock market is to create direct financing channels for enterprises and open up the link between market capital and enterprise investment. Today, this bloodline has a long and tragic history in the market. In the bear market, it has been paralyzed for almost a year and a half. It is also the longest suspension of IPOs in history since the establishment of A-shares. It is time for regulators to get anxious. "

"The restart of the IPO must be coordinated with the market conditions."

“That’s why the ‘Future Investment’ exchange summit was established, and the good support from many parties during this period.”

Thinking of these...

Zhou Guohua couldn't help but sigh softly: "The IPO has been suspended for too long, and everyone can't help but forget that it is about to restart. They think that the bull market is not here, and the IPO will not restart, but they have temporarily ignored the national economy and regulatory authorities. The essential demand, speaking of it...it really shouldn’t be!”

"It's still too late to make plans now, right?" Xie Wanting heard Zhou Guohua's sigh and couldn't help but said, "Looking at the overall market trend, there should be no other main funds except Mr. Su of 'Yuhang Investment'. Notice this direction, and...hasn’t there been any news from the regulatory authorities?”

Zhou Guohua thought for a while and said: "As the saying goes, striking while the iron is hot, everyone knows that the market situation will not last forever. If the IPO restart plan is not launched when the market is good, it will be difficult to launch it when the market completely recedes, so... I estimate that the news of IPO resumption is coming soon. After all, today’s drop has cast a shadow on the market, and many people may not be able to wait any longer.”

"However, the layout... it should still be possible in time."

"The venture capital and securities fields related to the restart of IPOs are large in scope, and there are many heavyweight stocks. Even if the funds of Fortune Road are full, they will not be able to take most of the chips."

"But he now has almost tens of billions of funds." Xie Wanting said, "In addition to securities and venture capital, if tens of billions of funds are invested, I am afraid there will not be many high-quality chips left, but we can intervene early. , should also be able to take advantage of it and make more profits.”

Zhou Guohua nodded slightly and said with a smile: "Wanting, you have really grown up!"

Xie Wanting's analysis conclusion today is extremely important for Anlan Fund's subsequent macro operation strategy. It can be said to provide a clear investment direction, and it may be able to bring hundreds of millions, or even more, to the entire Anlan Fund in the future. Billions of profits.

Facing the teacher's praise...

Xie Wanting smiled and said: "I just followed Mr. Su's historical operation track and my superficial understanding of him to make investment inferences. Will the market develop like this? Has he followed this line of logic? To build a position, everything will have to wait until the final market verification.”

"It shouldn't be wrong!" Zhou Guohua responded, "You can clean up and get off work. I will find the marketing department to summarize the recent market news and demonstrate your inference. If there are no accidents, the market will open tomorrow. We will It’s time to start building a position in this area.”

"Last time, on the 'Shanghai Free Trade Zone' line, we were too far behind Mr. Su."

"This time, try to win back a victory!"

After saying that, Zhou Guohua walked out of the trading room.

Xie Wanting recalled the teacher's words and recalled the scene when she met Su Yu on the Waigaoqiao. Unknowingly, she felt a desire to win in her heart.

Of course, at this moment...

Su Yu didn't know that Xie Wanting could actually guess his real motive for trading from the "Dragon and Tiger List Reduction" action he deliberately created.

At this moment, he was counting the net value of "Yuhang No. 1" after the exit.

And the remaining available funds of the two funds.

After clearing the two main concept markets of "Mobile Internet" and "Smart Phone Industry Chain", the net value of "Yuhang No. 1" fund climbed 15% compared with before the National Day, reaching 12.39, and the overall fund volume reached 4.9588 billion, which was basically the same as the volume of "Yuhang No. 2" fund.

And after the adjustment of the position after the holiday...

The two funds have invested a total of 7.336 billion in the securities and venture capital fields, that is, 46 targets that Su Yu has drafted and modified several times, and the remaining 2.622 billion available liquidity. The overall position level is about 73%, which can be regarded as a heavy position intervention, and the layout is completed.

As for the specific holding weights, Su Yu focused on 12 core stocks.

The total holdings are about 3 billion, accounting for 40% of the total positions. Among them, the three stocks of Huaxin Securities, Huatong Securities and Dongfang Securities in the securities sector have a holding number of nearly 1 billion.

"Now, it should be considered that everything is ready, only the east wind is missing, right?"

After counting all the holding data of the fund, Li Meng was very happy and said with a smile: "If everything goes according to our expectations, the net value of our company's two funds should be able to go up another level at the end of the year."

"Don't worry!" Su Yu laughed, "The east wind will come, after all, there are people who are more anxious than us."

"But before the east wind comes..." Li Meng paused and said, "Today's market fell so much, plus our smash, the market conditions in the future should not be good in the short term. See? I'm worried that the market will suddenly cool down, and it will be difficult to heat it up again. "

"Looking at the overall market discussion, our seat is not that big." Su Yu said, "Before the news of the IPO restart is clear, there is no other obvious negative news in the market. Although the profit-taking here is heavy, the market is still relatively supportive before the sentiment collapses."

"And..."

Su Yu paused and said: "The east wind we are waiting for may not be clear news!"

"Why do you say that?" Li Meng said without understanding.

"Securities are the weather vane of the bull market and also the emotional indicator." Su Yu said, "If we want to make the bull market judgment true, and when the news of the IPO restart begins to spread but has not been fully announced, many major funds in the market should take action."

"In other words..."

"Speculation and harvesting do not have to wait until the news is clear."

"The hazy stage is the best stage for speculation, because this stage is the most imaginative."

"Moreover, in essence, the IPO restart is a major negative for the market as a whole. If we speculate after the news is clear, the sentiment will not support it and the space will be limited. In this case, it is better to use the news of the IPO restart to speculate the market in advance in the hazy speculation of the bull market."

"I understand!" Li Meng said, "With the basic logic of the bull market, the speculation space will be maximized, and the group follow-up effect of retail investors will also be The strongest. "

Su Yu nodded slightly and said: "Yes, the restart of IPO is probably the end of this round of trend. The real end is just a small half of the market after the market adjustment. The protagonist has to change to the stage. Let's see... The market change should be in these few days. After all, it is better to strike while the iron is hot. The regulatory authorities have a task and will not launch the IPO restart plan after the market cools down. "

While the two were talking, the discussion of the market situation continued...

The topic of 'reducing the position of Fortune Road Dragon and Tiger List' occupied the hot topic of many stock forums on the whole network. However, after the intense discussion, everyone did not panic too much because of the reduction of Fortune Road's position. Overall, the investment sentiment of the whole network, although there were obvious signs of cooling down before the Dragon and Tiger List data, did not collapse. The bull market speech still occupied a large market and had a huge crowd.

In the evening, the regulatory authorities remained silent.

Major financial media, securities media, and securities company analysts have expressed their views on the market, and their comments are quite consistent, indicating that the current market trend is still very good, indicating that today's market adjustment is also a natural and benign adjustment. After all, no stock can continue to rise, and no stock can ignore valuation and rise to the sky.

And among them...

Securities agency analysts also reminded everyone to be cautious in chasing concept stocks, calling on everyone to embrace "value investment" and buy core concept stocks in the market.

Of course, retail investors naturally sneered at these remarks, and no one believed them.

And, in addition to these...

Su Yu's post "Darkness is over, light is here, and the bull market is not far away" that he posted at the end of June when the market plummeted, was suddenly forwarded and spread by a large number of investors on the Internet, and was used as the basis and logical foundation for many people to determine the bull market.

And in this mood of both anxiety and expectation.

October 18th, Thursday is coming.

At 9:10, the market had not yet opened, and countless investors sitting in front of their computers focused their eyes on the computer screens, staring at their holdings, hoping that today's market would also be able to reverse yesterday's decline and set a new high like the previous market performance!

Then, 9:15 came.

The two main concepts of "mobile Internet" and "smartphone industry chain" that have attracted much attention, the related concept sectors and core hot stocks, actually ignored the impact of the large reduction in Fortune Road's positions yesterday, and opened flat or slightly higher, which exceeded many people's expectations and continued the strong state!