Chapter 288 The Soul of the Market!
“I didn’t expect that Fortune Road is the leading player in today’s market!”
The moment the Dragon and Tiger List data came out, Tu Yuanhua, general manager of the proprietary investment strategy and trading department of Yanjing and Huaxin Securities, couldn't help but sigh: "1.8 billion! What a big deal! At this juncture, this Mr. Su... is really calculating. Those who turned the tide and saved today's market, Joaquin, Huijin, and the China Securities Regulatory Commission must thank Mr. Su very much. "
"It can indeed be regarded as turning the tide!" Next to Tu Yuanhua, chief analyst Zhou Huaiming chuckled, "If there was no leveraging of this capital today, the market would be very ugly, and it would inevitably be another big news! Now... …The stone in everyone’s heart has finally fallen to the ground.”
In their opinion, today's market trend is extremely important to some people.
After all, restarting the IPO market and opening up direct financing channels in the market are tasks that must be completed, and the completion of this task must be supported by market confidence.
The internal regulatory agency launched a plan to restart the IPO market at this juncture.
It was after everyone's comprehensive consideration and discussion that the market had passed the most dangerous and difficult period, and that market confidence had been restored and could support the restart and implementation of IPOs.
And if the market today, because of the announcement of this news...
If there is a direct collapse, or even a liquidity crisis, resulting in a substantial stock market disaster, it will not only slap the face of everyone within the regulatory agency who formulated the IPO restart plan, but it will also mark all leaders as poor work and insufficient consideration. Labels that cause violent market fluctuations may even affect their future careers.
Therefore, we have the support of Joaquin and Huijin.
It’s just that everyone really didn’t expect that the protection of the market by Joaquin and Huijin not only failed to hold the market, but actually plunged the market into a deeper abyss. If Fortune Road had not brazenly taken action in the afternoon when the market liquidity was almost exhausted, buying the bottom on a large scale Tray, I'm afraid the outcome today... won't be as good as it is now.
"Yes!" Tu Yuanhua nodded, "What Fortune Road did today really made many people feel heartbroken, and it also saved many people's faces. This road of funds... regardless of the market's sense of smell, or other aspects His sense of smell is really sensitive and he understands the general trend!”
In his opinion...
Fortune Road today not only saved the market's liquidity crisis, but also saved the market.
Moreover, it left a good impression on many people within the regulatory agency and became an indirect contributor to the implementation of the 'market IPO restart' plan. Although this unintentional favor seemed useless on the surface, it In the future... at certain critical moments, it can often save lives.
In other words, wealth passes through this battle.
In the hearts of many big shots, they are already a source of capital that is capable, understands the general trend, and takes the overall situation into consideration.
Funds with these three characteristics will basically receive preferential treatment in terms of supervision, which will make the future development path of this fund wider and wider.
"Well, Mr. Su from Fortune Road is indeed growing at an alarming rate." Zhou Huaiming agreed with Tu Yuanhua's words and responded, "In his twenties, with such a big picture view, the future prospects... are really limitless. It feels like within a year or two, the 'Yu Hang' funds will occupy an important position in the domestic asset management system."
Tu Yuanhua nodded with a smile and said: "It is inevitable for people who are capable, understand the general situation, and consider the overall situation to become great. This President Su..."
Tu Yuanhua paused, remembering the scene when he met the other party in Yanjing during the National Day.
He couldn't help but continued with great admiration: "He is not an ordinary person! It is a pity that this person was not utilized or cultivated within our system. Thinking about it now, it is still a pity."
"Although there are regrets, there is nothing we can do about it." Zhou Huaiming said, "His innate conditions are too low. In terms of talent selection within our system, he must pass the original level and start from the bottom step by step. General Manager Gan actually didn’t make a big mistake in this matter.”
Tu Yuanhua thought carefully for a moment and knew that the talent selection system within the system was not something he could change.
He couldn't help but wrinkled slightly in boredom and stopped talking.
"Old Tu, do you think...how much money did this guy invest this time?" Zhou Huaiming knew that Tu Yuanhua didn't like to hear about the shortcomings of the collective's internal system, so he couldn't help but change the topic, "1.8 billion on the Dragon and Tiger List, Those who are not on the list probably don’t have less money than those who are on the list, right?”
Tu Yuanhua pondered for a moment and replied: "I estimate that the purchase volume must be at least three to four billion, otherwise in that case, the entire market cannot be leveraged. In other words... there are few private equity institutions like him in the market. A person with such fast and violent operating techniques, with tens of billions of funds, actually operates like a hot money person, violently entering and exiting, and taking his fast, accurate and ruthless trading style to the extreme. "
"Not only private equity institutions, but also public equity institutions, at the level of capital he manages, there is no one with his operating style." Zhou Huaiming said, "This guy... is really a unique figure in the entire market."
Tu Yuanhua heard this and laughed, saying, "You are right. He is truly unique in the market. In less than a year, he has built a private equity fund of 10 billion yuan from scratch, and achieved a performance of 'ten times in three months' in a volatile market. Anyway, this is the first time I have seen such a thing in my life. Although there are many legendary figures in the financial trading market who shine like comets in recent years, no one has grown as fast as him, and no one has his macro-market awareness at his age!"
"To be honest..."
Tu Yuanhua paused and smiled, "I really hope he can really grow up!"
"The scale of 10 billion yuan in asset management has laid a solid foundation." Zhou Huaiming responded, "With the ability of this Mr. Su, as long as he does not rush for success and does not take the wrong path, it should be inevitable for him to grow up. Even with the scale of asset management he has now, it is still a long way to go in the country. In the domestic asset management system, it is also ranked high. "
"Indeed." Tu Yuanhua said, "According to current data, there are only about 100 domestic asset management institutions with a scale of 10 billion yuan, which is indeed ranked high. However... the larger the amount of funds, the more difficult the road to the top will be. Many so-called 10 billion-level asset management institutions are stuck at the 10 billion mark. It is difficult to improve performance and the scale of asset management cannot be increased. Eventually, they are gradually abandoned by investors. "
"But this certainly does not include Mr. Su." Zhou Huaiming said, "From his past operation records, this person's trading ability is really not to be underestimated. I feel... the scale of 10 billion yuan is not the peak of his ability. Of course... In addition to short-term investment, this person's long-term investment ability remains to be observed. What will be the final upper limit, no one knows at present. "
"So... we can only look forward to it!" Tu Yuanhua said with a smile.
Whether the two have different views or not, they are quite consistent in their optimism about "Yuhang Investment" and "Fortune Road".
During the conversation between the two people...
Just as Tu Yuanhua guessed, at this moment, inside the regulatory agency.
Several leaders were also paying attention to the funds of "Fortune Road" and gave them very good comments.
Of course, while the large institutions and regulatory authorities were discussing "Fortune Road", the majority of retail investors in the online stock forums were also discussing the super-handsomeness of Fortune Road sweeping the Dragon and Tiger List and buying a huge amount of 1.8 billion yuan.
"Haha...it's Fortune Road!"
"I told you, who can turn the tide in this market? Only Mr. Su from Fortune Road!"
"In one breath, 1.8 billion of funds were bought on the list, it's really amazing! This should be the highest net buying volume in a single day for a single seat on the Dragon and Tiger list, right?"
"With that group of super institutions, the highest net buying volume can't be ranked, but it can definitely be ranked among the top in history."
"Mr. Su is amazing, he really saved the market by himself!"
"Indeed, Huijin and Huajin are nothing, they only know how to pull banks and the two oil companies, only Fortune Road, only Mr. Su is the real soul of the market."
"The explosive Dragon and Tiger list, the explosive Mr. Su!"
"Mr. Su, my idol! From After this... Mr. Su is the god of the market, I said so! "
"'Fortune Road' has long been a god, who needs to say it? It is a unique seat in the market, a unique market trend indicator."
"1.8 billion on the list, the actual purchase must be more than that, right?"
"You don't need to ask, you know, far more than that, I just reviewed the stocks that moved at the same time as the listed stocks, and there are at least a dozen stocks that are not on the list. I feel that the funds purchased by 'Fortune Road' today are definitely more than 3 billion!"
"Fuck, 3 billion?"
"At least 3 billion, it is possible that it is far more than that!"
"Such a large amount of purchases, does it prove that the two core lines of 'mobile Internet' and 'smartphone industry chain' are going to be kings? Returned?"
"Needless to say, the king has returned!"
"The bad news has landed, the index adjustment is in place, and "Fortune Road" has increased its holdings and bottomed out, almost instantly intervening with heavy positions, and Fenda Technology, Netspeed Technology, Changqu Technology, Huaqingbao... This batch of hot stocks have exceeded expectations. The two core themes of "mobile Internet" and "smartphone industry chain" will not return to lead the market to rise. It is simply impossible!"
"Damn, why did I panic before? If I had known that Fortune Road would bottom out here, I would have killed you!"
"Yes! I have never felt that the investment logic of the two core themes of "mobile Internet" and "smartphone industry chain" is so clear, Oh... I shouldn't have panicked before. I sold at the lowest point today. Damn... I regret it now. I lost 100,000 yuan in profit just like that."
"I also sold at the limit down in the morning, but when Fenda Technology was about to reach the limit up in the afternoon, I felt something was wrong and bought it back. Although I made a very big reverse T, I lost almost 20 points, but at least I didn't lose the chips. Now... Fortune Road bought such a large number of chips in Fenda Technology. As the stock rises in the future, it should be able to make up for the losses."
"Oh, what a sin! At the critical moment, I didn't follow Fortune Road and did the opposite operation."
"It's still Fortune Road in the market, holding the chips in hand, so I can feel at ease!"
"Indeed, once Fortune Road sells on a large scale, I always feel panicked. The results also prove... As long as Fortune Road sells on a large scale, the market will inevitably plummet. Fortunately, the darkest time has finally passed. Now Fortune Road The road is recovering in a big way, and the market outlook is definitely promising!”
"Yes, the market outlook is definitely promising!"
"Don't worry if you lose track of him temporarily. I have studied the buying history of Fortune Road. After he buys, as long as he can follow up the next day, he can basically make money and exit."
"What I didn't say... I have to follow you tomorrow!"
"I hope that Fenda Technology will not hit the daily limit when the market opens tomorrow, so that I can get back the lost chips."
"Fortune Road bought the largest amount of shares in Fenda Technology, and this stock did have the strongest performance during the session today. In addition, the performance of this stock has become clear, and the stock price has a strong Logical support, it is estimated that next... this stock will become the absolute leader in the market rebound, right? "
"Absolutely. Before the bad news about the 'market IPO restart' was announced, that is, on the day when Fenda Technology's results were announced, this check had already become a rebound in the two main lines of 'mobile Internet' and 'smartphone industry chain' It’s a pity that the bad news hadn’t materialized at that time, and Fenda Technology was smashed to pieces by various profit-making funds and hedging funds at the daily limit.”
"The two 'mobile game heroes' Hua Qingbao and Changqu Technology are also good!"
"NetSpeed Technology is also good. It has absolute No. 1 weight on the GEM and will be a giant with a market capitalization of 100 billion in the future."
"Hey, stop picking stocks. I think as long as the stocks bought by Fortune Road are not much different, if I catch up tomorrow, there is a high probability that I can make money in the future."
"Indeed, as long as you buy based on the two main lines of 'mobile Internet' and 'smartphone industry chain', you are absolutely right!"
"As long as there is wealth on the way, market confidence is there. I didn't say that even though I lost money today, my position will be full tomorrow. I don't believe it. The market is here... and it can still fall."
"For some time in the future, the GEM index will definitely not fall below today's intraday low again, right?"
"Looking at the trend on June 25, today's GEM bottom is similar to that of that day. I feel that today will be the starting point of a new round of market conditions."
"Indeed, today's golden needle is quite beautiful when it touches the bottom."
"After the last round of market bottoming, it has gone out of an upward trend for more than a month, and it has also gone out of the continuous profit-making market with stocks in the 'Internet Finance' sector generally doubling, and the big monster stock 'Shanghai Steel Union' is almost 7 If there is a new round of market conditions, I believe the intensity will not be worse than the previous round.”
"What's not said, just one word, just do it!"
In the extremely heated discussions among many retail investor groups...
At this moment, as the core figure under discussion, Su Yu sat in the trading room within Yuhang Investment Company, briefly reviewed the market, looked through the data on the Dragon and Tiger List, and browsed various comments on the Internet. Finally, he turned his attention to Li Meng and asked: "Today, what is the total amount of funds purchased by our company's two main funds? What position has the overall position level returned to?"
After cleaning up all the transaction data, Li Meng replied: "Today, a total of about 4.4 billion was invested, and a total of 32 new stocks were purchased, 12 of which are distributed among the stocks you mentioned before and let us focus on." The Internet finance sector, and other stocks, are all early hot stocks related to the two main lines of 'mobile Internet' and 'smartphone industry chain'."
"As for the position level..."
"Including the chips we have not completely sold out before, the two funds currently hold a total of 5.026 billion positions, and the position water levels are both around 40%."
"That's enough!" Su Yu nodded slightly, "It's a little more than expected."
According to his original expectations, it would be considered good if he could buy more than 3 billion in funds today.
As a result...the two major funds frantically devoured more than 1 billion "market blood chips" during the market crash stage than he expected.
"The main reason is that regardless of the purchase cost, as long as there is a selling order in the market, we will take the initiative to take over the order. This has caused our purchase volume to be much higher than expected." Li Meng said with a smile, "However... judging from the closing results, and Judging from the current change in market sentiment, it is still very worthwhile.”
After the market dragon and tiger list was released...
At this moment, the bullish sentiment is fermenting fiercely, and only a small part of the vast investor group in the entire market is still bearish on the market.
According to this fermentation of bullish sentiment, the market will definitely have an expected trend of violent recovery tomorrow.
So... all the chips they bought today, regardless of their cost, are basically considered to be quite high-quality low-end chips.
Su Yu nodded slightly and said: "Grab the big and give up the small. This is the essence of trading. In the face of key opportunities, short-term cost fluctuations are insignificant in the end. If we hesitate for a moment today, what will happen next?" To get the same level of chips, the cost would be at least 300-400 million higher, and now that we have so many chips, it is equivalent to an extra 300-400 million in profit.”
"Yeah!" Li Meng nodded, "When buying and selling, hesitation is indeed the enemy of trading!"
As Su Yu said...
In today's trading, if they hadn't jumped the gun early, then other major funds that discovered opportunities would definitely have poured in on a large scale after the market shrunk at the end of the day, buying bottoms as a 'blood chip' after the market sentiment was completely vented. ...They want to get so many chips, and if the cost increases, it won't be the current point.
"Tomorrow... shall we continue to increase our positions?" Li Meng paused and asked.
Su Yu nodded and said: "The short-term bad news in the market has been exhausted. In addition, the index has recently oversold significantly, and the emotional catharsis has been completed. The market will definitely have a recovery trend, although it is not sure how high this recovery trend will be. But before the funding situation is completely tightened at the end of the year, there should still be a lot of opportunities.”
"Although about 40% of the positions have reached our expectations, they are still at the beginning of the market recovery."
"You can still try to add more positions."
"I think..."
Su Yu paused and said: "It is appropriate for the two funds to maintain a water level of about half a position, so as not to miss the market, and at the same time, it can fully cope with various risks in the market."
"Okay!" Li Meng nodded, "Then we will add 10% to the position tomorrow, or in the next few days."
"but……"
Li Meng paused and then said: "The size of our two funds, compared with the two lines of 'mobile Internet' and 'smartphone industry chain', is too huge. Today alone, our investment in these two main lines is too huge." For many stocks, according to the liquidity of these stocks, the position limit has been reached. For example, Fenda Technology, Wangsu Technology, Huaqingbao, and Changqu Technology are quite liquid and the most popular stocks. "If the number of our positions continues to expand, it will not be easy to exit the market at critical moments."
"So, my suggestion is..."
"The remaining 10% of the funds for increasing positions cannot be used to buy the previous stocks."
"We must look for new breakthrough directions or other potential stocks."
"Well!" Su Yu nodded and said, "What you said is also a concern. When it comes to individual stocks, you really can't hold positions that are too extreme, otherwise you will be in trouble when facing extreme situations."
"Let's do this..."
Su Yu thought for a while and continued: "After adding the target stocks of the two main lines of 'mobile Internet' and 'smartphone industry chain' we selected to the limit positions, the subsequent increase in positions can be towards 'automobile' , white goods consumption' field, to shift. In the current market, in addition to the 'mobile Internet' and 'smartphone industry chain' fields, there are only these two major fields. There are still some expectations, and the subsequent macroeconomics will boost domestic demand and accelerate If the economy’s internal growth capacity is enhanced, the expectations in these two areas will be strengthened.”
"Okay!" Li Meng nodded.
When she came up with this idea, she actually didn't expect the funds from the subsequent increase in positions to be profitable in the short term. As long as she could relatively outperform the market and make a profit, that would be enough.
The field of ‘automobile and white goods consumption’ proposed by Su Yu.
This year's performance, although compared with the two main lines of 'mobile Internet' and 'smartphone industry chain' in the direction of the small and medium-sized board and GEM, as well as the main line concept of 'Shanghai Free Trade Zone' in the direction of the main board, has not Not very eye-catching, but overall, its performance is still stronger than the market, and it is a direct beneficiary sector of the "home appliances and automobiles going to the countryside" in the national consumption boost plan. In terms of domestic urbanization and infrastructure, it is still at the forefront. Against the backdrop of leapfrog development, there is also continued demand expected in the future.
I believe that although the performance cannot outperform the core main lines of the SME board and GEM, it will not be too bad.
Moreover, the next heavy investment direction of the fund will still be based on the two main lines of 'mobile Internet' and 'smartphone industry chain' on the small and medium-sized board and GEM. Even if the small position is involved in the 'automobile and white goods consumption' fields, The performance is not as good as expected, and the impact on the overall net value of the fund is very small. The risk... is something they can bear.
As the two discussed their investment direction and position layout for the market outlook...
In the market, discussions about the 'Way of Wealth' and today's market conditions are still continuing, and analysts from various institutions, chief investment advisors, and financial influencers are still tirelessly singing the bullish tune on the market and making long speeches. Speech to incite market sentiment.
At night...
The regulators, who had been silent for a day, also expressed the view that "restarting IPOs does not mean a blood-sucking market" and strictly limited the fundraising scale of listed companies in the early stage of IPO restarts, fully expressing that the regulators care for the market and are looking forward to it. The market continues to trend bullish, encouraging signals to go long.
Therefore, in this situation where the bullish sentiment finally reared its head, the bearish sentiment gradually weakened.
On October 30, Tuesday came, and the market ushered in the second trading day after the news of ‘IPO restart’ was released.
At 9:15, with everyone looking forward to the market rebounding again after yesterday's miracle, the two cities ushered in collective bidding.