Chapter 356 Exciting Opening!

"What you mean is to continue to take in chips and lead to an explosion of market sentiment." Hearing Su Yu's words, Li Meng replied in surprise, "But in this sharply higher market situation, facing many short-term profits, The selling of funds, with the amount of cash we have left, it is very difficult to support such a market and change the trend of the market! "

Su Yu said with a smile: "Of course we can't force it. We have to wait for the selling of the many short-term profit-making funds chasing positions yesterday, as well as other floating chips in the market that are not deeply invested and obviously lack confidence in the market outlook. In the high mood at the opening, , digesting part of it and reducing the upward pressure on the market, can guide the mood and lead the market to continue to rise. "

Speaking of which...

Su Yu paused and then asked: "The total available funds of our two main funds should still be around 2 billion, right?"

"Yeah!" Li Meng responded, "The total available funds in the background are 2.089 billion. However, thanks to the comprehensive rebound of the two cities yesterday, the market value of the two funds' positions has expanded. Now the position level of the two funds has almost reached 85 %, according to the principle of dynamic balance of positions you mentioned, we have to reduce some positions and withdraw some cash. "

"Based on the current market transaction volume, 2 billion funds are enough to guide emotions and maintain the market." Su Yu said, "As for reducing positions and withdrawing funds, we continue to maintain a dynamic balance of positions. We can wait until today's intraday sentiment is further stabilized. Reduce slowly.”

Since he chose this point in time, he opened the curtain on the main line of 'infrastructure' market.

Then when emotions surge and market confidence begins to revive, it is necessary for him to use the most powerful posture to bring out the sustained money-making effect of this main line, create room for the market to rebound, and create opportunities for funds to build positions in this field. Massive chip profits.

All in all, no matter it is for the fund's motivation to obtain excess profits in the market.

Or consider the market trend in the future.

It is necessary for him to be in this position, at this time, with the amount of funds in hand, to carry out emotional guidance and maintain the strength of the market.

"The call auction has only lasted for 2 minutes, and only 80% of the stocks in the two cities can still maintain their upward trend." During the conversation between Su Yu and Li Meng, Wang Can, who had been observing the market trend, continued to report, "The fall is so fast. It seems that... the market sentiment is not as strong as we thought. I said before that the Shanghai Stock Index would open 1.5 points higher at the lowest today, but now it seems that it is a bit too optimistic and hasty. "

"In the bear market, retail investors have been frightened. Even though our fund's seat appeared on the Dragon and Tiger list yesterday, at the same time, there have also been a lot of good news on the macro front, which has greatly boosted investor sentiment on and off the market. But when it comes to investing real money, everyone is still in a wait-and-see mood," Liu Yuan responded, "And based on the previous historical trend of the market, almost every time when the market opens higher due to good news, it is a selling point. Almost every time the market opens higher due to good news, it eventually turns into a trend of opening higher and then falling. I think... …This is also the reason why the selling on the market was so heavy when the market opened high at the beginning of the call auction.”

"Not bad!" Su Yu nodded slightly, "This is called the inertia of thinking in investment, and it is also an inevitable human weakness in transactions."

"Very good!" Li Meng said with a smile as he watched the market prices of the two cities gradually fall during the call auction, "The opening range is not large, so there are many short-term profit funds that have not been reached, and many positions are not deep enough, and there is a lack of understanding of the market outlook. If the majority of retail investors have confidence in their psychological expectations, the market selling will not be so fierce. In this way... the correction of the index after opening high will not be so damaging to emotions. Correspondingly, in this situation, , our pallets and pull trays will also save a lot of effort.”

During the discussion, the trading time had passed 9:20, and the two cities ushered in the real call auction session where orders cannot be canceled.

After 5 minutes of preliminary call auction trading, the number of stocks that opened higher in the two cities has dropped to about 75%, including stocks in the "infrastructure" field on the main board, as well as "mobile Internet" and "smartphone industry" in the direction of the small and medium-sized board and GEM. Individual stocks in the chain' field form a sharp contrast.

Related sectors in the ‘infrastructure’ sector, and the core popular stocks that led the gains yesterday.

At this moment, they all showed an extremely strong state, leading the gains of the two markets. Among them, Su Yu used his seat on "Fusheng Road" to buy Beixin Road Bridge, which was directly blocked with a straight board, closing 560,000 orders, while China Railway, which had Su Yu's "Fortune Road" seat, opened about 7 points higher, with 89,000 lots of bidding orders.

As for the stocks of MCC, China Fortune Land Development, and Kumho Group that hit the daily limit yesterday, their opening ranges were all above 5 points. In terms of market performance, countless funds were raised following the trend.

In contrast, look at the core concepts of the Small and Medium-sized Board and GEM.

Concept sectors related to 'Mobile Internet' and 'Smartphone Industry Chain', as well as their popular stocks, were far behind the market's average daily limit, leading the decline in the two cities. Among them, LeTV, Huayi Brothers, Oriental, etc. with better liquidity Fortune, Wangsu Technology, Changqu Technology, Huaqingbao and other stocks are all opening at low prices. In terms of market performance, large order funds have pushed down prices, and the desire to rush out of the market is quite strong.

Generally speaking, although it is still in the collective bidding stage at this moment.

However, the attack paths and style expressions of active funds in the two cities are already quite distinct.

"Damn it, all the market funds have been sucked away by the main line of 'infrastructure'." Seeing the market's call auction performance, in Shanghai, at this moment, inside Yinghui Fund, fund manager Liu Guanhai had a gloomy face and cursed, "This Su is really a market robber. Where he has speculated, there is really no grass growing."

No one expected that the main line of 'infrastructure' would lead the market in this round of index bottoming out and rebounding.

Therefore, most of the main institutional funds in the market have no chips in the main board blue chip direction that has been abandoned by the majority of investors in the market, and naturally their Yinghui Fund is no exception.

Moreover, unlike many other private equity and public equity funds that have been killed and collapsed by the market, and their confidence and faith have collapsed completely, they have no choice but to cut their positions at the bottom of the panic selling of the index and maintain the lowest position operation trend, due to his arrogance, the main positions of the entire Yinghui Fund still maintain a high position operation trend, and the position direction is basically all in the two main growth stocks of 'mobile Internet' and 'smartphone industry chain' headed by the SME Board and the Growth Enterprise Market.

This is also the reason why he is so dissatisfied with Su Yu's launching of the market's "infrastructure" main line, using the rioting "infrastructure" main line to fully devour the active funds in other sectors of the market.

After all, the main holdings of the entire fund he manages are distributed in the two early core main lines of "mobile Internet" and "smartphone industry chain". Faced with the sudden outbreak of the "infrastructure" sector, with the market liquidity already very limited, there is no time to adjust the position and catch up with Su Yu's pace.

Of course, what makes him even more angry...

is that the market rebounded across the board. Compared with last year's high point, the two core concept sectors of "mobile Internet" and "smartphone industry chain", which have fallen deeply, and their individual stocks, not only did not rebound, but fell against the trend, which made him extremely manic and depressed, and at the same time he was unwilling.

"Manager, let's... adjust the positions!" Yu Lei, the promoted new trading team leader of the 'Yinghui No. 1' fund, said carefully, "According to the market's capital selection, the 'infrastructure' line has obviously been recognized by various major funds and the majority of retail investors who follow the trend. On the other hand, the 'mobile Internet' and 'smartphone industry chain' lines of the SME Board and the ChiNext have not seen any inflow of major funds since the outbreak of the 'infrastructure' market yesterday, and have been showing an outflow trend. It feels like the main line style of the market... is really switching."

"At the current stage, the increase in the 'infrastructure' line is not large. We At this time, it should be… still in time to adjust the position and pursue. "

"If we continue to wait..."

"What if the line of 'infrastructure' really becomes the core line of the market, and the two main concepts of 'mobile Internet' and 'smartphone industry chain' have not been recognized by the main market funds, then we will appear more and more passive. Later, when the line of 'infrastructure' is brought higher and higher, it will be more and more difficult to intervene. "

"You want me to chase the rise and sell the fall?" Liu Guanhai glared at Yu Lei and said, "How much is the market turnover? The daily volume is no more than 70 to 80 billion. In this case, the full pull of the 'infrastructure' by the surname Su How high can the rebound height of the main line of the Zhonghongda market be? "

"After yesterday's strong rebound, a number of leading hot stocks such as China Railway, China Metallurgical, China Fortune Land Development, and Conch Cement have all risen by 15%. If you chase them at this time, wouldn't it just fall into Su's plan and chase them at the highest point and take over for him? "

"I don't believe that facing these "infrastructure" stocks with tens of billions or hundreds of billions of stocks, when the entire market has only tens of billions of trading volume, how far can this line go? "

"In the bear market cycle, when the volume is seriously insufficient, the main board blue chips will not have a sustained market at all. "

"Even if Su is really The stock god of the world can't play tricks without the support of volume. "

"When everyone finds that the market volume can't support the breakthrough of blue-chip stocks, you will see... the main line of the market has to return to the emerging industry growth stocks headed by the SME Board and the Growth Enterprise Market."

"Besides, in terms of performance growth and future imagination space, the main board blue chips are really shit!"

Yu Lei saw that Liu Guanhai was determined and probably wouldn't listen to his persuasion. He also thought that even if the fund's performance was poor and underperformed the market index, it would not have much to do with him if he was held responsible in the end. So he paused, not wanting to upset Liu Guanhai again, and shut up and stopped talking.

And just when he persuaded Liu Guanhai to chase the market in the field of "infrastructure"...

In another trading room inside Yinghui Fund, Shao Xiaoyun, the former head of the trading team who had been promoted to the manager of "Yinghui No. 2" fund, was staring at the changes in the two markets at this moment, but he chose a completely different operation method from Liu Guanhai, and ordered the traders to use the available funds in the fund account to fully pursue the core leading stocks in the field of "infrastructure" such as China Railway, China Metallurgical, and China Fortune Land Development, and to switch the main investment direction of the fund to this "infrastructure" main line that seems to have been basically recognized by the main funds in the market.

Similarly, at this moment.

In the Magic City, inside Zexi Investment, in the fund trading room.

Zhou Kan stared at the "infrastructure" sector that continued to explode and funds rushed to buy extremely fiercely. Thinking of yesterday's hesitation, he also suggested to Xu Xiang to quickly pursue and follow up on the main line of "infrastructure" and significantly increase its related positions.

"Be patient!" Xu Xiang smiled, staring at the market with sharp eyes, not in a hurry, "Even if 'Wealth Road' appears, it will take time for the market to follow up, and 'Infrastructure' is For this line, if we want to continue to push forward, the amount of incremental funds required is huge, so although the market breaks out violently, the increase is not necessarily that fast. We have the right opportunities and buying points to intervene, so we don’t have to rush at this moment.”

When Zhou Kan heard Xu Xiang's words, he pondered for a moment, but he also understood. He smiled a little awkwardly and said, "I was too anxious. Thinking about it carefully, it is indeed as Mr. Xu said, like 'Infrastructure 'This kind of macro-mainline outbreak must be a trending market when the market volume can continue to increase. It is not like the conceptual hype market, which is a trend that directly reaches the top in a short period of time. There is really no need to rush. "

"As long as you understand!" Xu Xiang nodded slightly, "There will be more suitable buying points in today's market!"

"Mr. Xu means..." Zhou Kan was slightly surprised.

Xu Xiang smiled, interrupted him, and said, "Just watch. The emotional high at the opening cannot last long, and there are a lot of floating chips in the market. The chip structure needs to be fully exchanged."

As he spoke, the time reached 9:25, and the collective bidding in the two cities ended.

After a total of 10 minutes of market call auction, the Shanghai Stock Exchange Index finally opened 1.01% higher and stood at 2130 points; while the Shenzhen Stock Exchange Index and the ChiNext Index opened higher by 0.43% and 0.32% respectively, which were significantly weaker than the main board.

Industry sectors and individual stock performance.

The core sectors of the 'infrastructure' field and the many state-owned holding companies covered by the 'state-owned enterprise reform' still maintained the trend of leading the gains of the two cities, with higher opening ranges, both of which were more than 2%; while the 'mobile Internet' and 'smartphone industries The concept speculation route and growth route covered by the two early main concepts of "Chain'" were both weaker than the market, and comprehensively underperformed the index. Related industry sectors, and its popular stocks, all led the decline in the two cities.

Faced with this opening scene...

The vast majority of investors in the market are excited and excited. Of course, there are also a small number of investors who hold stocks in the fields related to "mobile Internet" and "smartphone industry chain" and are full of complaints.

But whether it is a group of excited and excited investors or a group of investors who are full of complaints.

Faced with the strong rise of the "infrastructure" sector that has continued to make money, as well as its many popular stocks, everyone is jealous, eagerly looking forward to it, and has a strong desire to chase positions.

However, there are extremely high expectations and a large amount of funds chasing positions.

With the Shanghai stock index opening sharply higher, leaving a huge gap, and with a lot of short-term profit taking and floating chips in the 'infrastructure' industry sector and popular stocks, the two markets officially announced at 9:30 After ushering in continuous bidding transactions, it failed to maintain the trend of high index performance.

At 9:35, it was only 5 minutes before the opening of trading.

The Shanghai Composite Index reached a maximum of 2141.76, and when the increase barely exceeded 1.5%, it suddenly began to turn downward, dive rapidly, and then lightning broke through the 2130 point at the high opening point.

Immediately afterwards, as the Shanghai Stock Exchange Index dived, the Shenzhen Stock Exchange Index and the ChiNext Index turned straight green and fell into the water.

Correspondingly, diving in major indexes.

The market conditions of the two markets, which originally had great expectations from investors, suddenly became turbulent!