Chapter 432 Respect the Market!
Su Yu nodded slightly and said: "In the market, news leakage is unavoidable, and there are always some funds with sensitive information channels who will act in advance."
Li Meng nodded and said: "Indeed, there is no airtight wall in the world!"
"But it doesn't matter." Su Yu smiled and said, "The reform of military industry enterprises and the securitization path of military industry enterprises are all macro-level strategies, which have limited short-term positive stimulation for the stocks of many military industry enterprises. In addition, At this moment, the market is in the midst of a unilateral adjustment trend. The bullish sentiment in the market is quite sluggish, and the market investment confidence is also very sluggish. In this case... this advantage in the military industry field makes it difficult to leverage market sentiment and enter this main line field. The market is continuous, so even though our news channels are relatively backward, the opportunities and time to build positions and gain chips are still quite sufficient, so don’t be too anxious.”
When Li Meng heard Su Yu's words, he was slightly surprised and said: "You mean, even if the 'military industry' line has good incentives, it will be difficult to get out of the independent market?"
"That's for sure." Su Yu said, "How can the expected trend of consistent bearishness be so easy to change?"
"If this is the case, it will be very beneficial to us who are seriously short of positions in this direction." Li Meng said, "According to your previous judgment, is this a sign of the main line market in the future? And... our new The established 'Yuhang No. 3' main fund should be able to build positions appropriately, right?"
"This change in news is not enough to leverage the entire market trend and restore market investment confidence and long sentiment." Su Yu said, "This is still far from the market turning point and main line market opportunity I mentioned before, but In view of our actual position in the field of 'military industry' and the huge capital scale of the 'Yuhang No. 3' fund, it is also possible to build an appropriate position at this position. "
"Sold yesterday, bought today." Li Meng smiled and said, "We have gone back on our word."
Su Yu spread his hands and said: "The trend has not changed, it's just that the news has changed slightly. Now that we have some opportunities, it is normal for us to adjust our trading strategies and trading ideas. In the financial trading market , All trading strategies are inherently adjusted dynamically with changes in market conditions, changes in emotions and news in all aspects, and the so-called 'seeking a sword from the boat' in the financial trading market will ultimately lead to failure. "
"Okay then!" Li Meng responded, "I'll tell everyone."
After speaking, she followed Su Yu's advice and distributed the trading strategy they had just discussed to all traders in the three trading groups that had been reorganized in the trading room.
"Military industry?" Liu Yuan was a little confused and couldn't help but said, "Master, the market expectations for this sector are quite poor, and the fundamentals of the industry are seriously opaque. It is difficult to research and predict. The market trend of its sector, based on the market's historical reaction, In most cases, the market can only move after being stimulated by strong and good news. At this time...are we not being cautious enough in planning this field? "
She knows the company's two main funds and has made extensive investments in this field before.
But the final result is that no huge profits can be harvested from this field, but many other investment opportunities are wasted.
Therefore, she is actually somewhat biased about the layout of this field.
Of course, she believes that the 'military industry' field is not an industry sector suitable for long-term investment. In other words, she believes that this field has only short-term hype value and no long-term investment value at all. This is determined by the attributes and characteristics of the industry. , it does not depend on human will at all.
Similarly, in the market, countless major funds have failed in the military industry.
Factors such as the difficulty in predicting the news, the very limited public disclosure of information in the industry, and the serious opacity of corporate performance are also crucial reasons.
Su Yu responded: "There have been some changes in the news. The logic of short- and medium-term speculation is more or less in place. Coupled with the reasons you just mentioned, the military industry sector has been left out of the market for a long time. Both the valuation and the investor group’s future expectations for this field have hit rock bottom, which gives some motivation for subsequent speculation and expected difference.”
"And..."
Su Yu paused and continued: "In the market, there are no stable so-called high-quality investment sectors and low-quality investment sectors. There are only differences in future expectations. When we speculate in stocks, we are not speculating on the fundamentals and performance of the stock. , but the change in value reflected in the difference in future expectations, which is the fundamental and basic logic of profitability.”
"I also think that the future market flexibility in the military industry is quite large, and it is worth getting involved." After Su Yu finished his analysis, Zhao Lijun responded, "I agree with what Mr. Su just said, there is no good or bad distinction between stocks and industries. , only the difference in expectations is the basis of stock price changes and the basic logic of speculation, and coincidentally... the 'military industry' field should be the area where the current market's future expectations are different, and there is a high possibility of huge deviations. "
"Does anyone else have a different opinion?" Seeing that no one else answered, Su Yu couldn't help but ask.
Wang Can pondered for a while, then raised his hand and answered: "Mr. Su, the market liquidity in the entire 'military industry' field is very limited. This kind of liquidity should not be able to handle such a large amount of capital intervention by our company."
"Just buy as much as you can!" Su Yu said, "We don't have to focus on only this one area. It's just that at the current stage, this area is the first to highlight the opportunity to build a position. For other areas, we still need to wait for some new opportunities to come."
"Oh, I understand." Wang Can responded and stopped talking.
"Mr. Su, if we want to build a position in the field of 'military industry', how should we grasp the idea?" Zhang Guobing, the trading team leader of 'Yuhang No. 3', pondered for a while and asked, "According to the closing results of the midday trading, the most violent fluctuations in the morning should be the 'China Airlines' stocks and the 'military-civilian integration' concept. If we build a position, do we need to move in two directions?"
Su Yu responded: "No, as long as it is a military concept stock controlled by state-owned assets, you can try to build a position and buy it. There is no need to chase the hot spots and popular stocks with frequent fluctuations during the trading session."
"Okay!" Zhang Guobing nodded, and then turned his eyes back to the computer interface.
"No adjustments will be made in other directions?" Liu Yuan paused and asked, "While building positions, will the dynamic holding level of the fund remain unchanged, or will other directions remain unchanged, and only increase holdings of stocks in the 'military industry' field?"
Su Yu replied: "No need to change other directions, just increase holdings of stocks in the 'military industry' field."
After continuous reductions in positions in the early stage, the holding levels of the two main funds 'Yuhang No. 1' and 'Yuhang No. 2' have now been reduced to a safe range below 50%, so... even if some 'military industry' concept stocks are slowly increased, even if the market continues to fall beyond expectations, the impact on the net value of the two main funds will not be great, and their investment risks are still within the controllable range.
"Okay!" Liu Yuan responded and stopped asking questions.
Su Yu thought for a moment and continued to remind: "For the 'military industry' line, just increase your position slowly. There is no need to chase high and grab shares. If it rises too high, just wait a while. There is no need to be impatient. At the same time... everyone should remember to avoid the possible Dragon and Tiger List. I don't want us to expose our seats and motives during the initial position building period."
"Understood!" Everyone responded in unison, and then began to log in to their accounts and prepare to buy.
As the traders in the entire trading room prepared to buy, at this time, the market time had unknowingly slipped to 1 o'clock in the afternoon. After the two markets were suspended for 1 and a half hours, they once again ushered in the formal continuous bidding trading session.
After 1 and a half hours of emotional brewing and news fermentation in the afternoon.
Just after reopening, before the midday closing, the 'military industry' field, which had a change in the last minute, instantly rose straight up. The two stocks of the 'China Airlines System', as well as the two stocks of Hongdu Aviation and Asia Star Anchor Chain, all touched the daily limit within one minute after reopening.
And with the daily limit of these stocks...
At 1:01, the "military industry" sector instantly turned red from the deep water, squeezed into the top of the two cities' industry sector growth list, and ranked third in the two cities' industry sector growth list.
At 1:02, the military industry sector index continued to rise.
At 1:05, only 5 minutes after the opening, the military industry sector index rushed to the top of the two cities' industry sector growth list.
At 1:11, the military industry sector led the two cities.
At 1:15, following the "big finance" field, the "consumption" and "medicine" fields that had frequent changes in the morning, especially the white wine and white appliance concept sectors that were once sought after by various funds in the market, began to fall back one after another, and the market hotspots were fully transferred to the "military industry" field.
At 1:20, the military industry sector index rose by more than 1%.
At 1:25, after the military industry sector index rose to around 1.45%, the entire sector began to lose momentum and showed a clear downward trend.
At 1:32, the market hot spots once again showed extremely scattered characteristics. Various hedge funds, speculative funds, and bargain hunting funds attacked everywhere, or attacked the "big finance" field, or attacked the "consumption" and "medicine" fields, or speculated on the "military industry" field, but no matter which direction they attacked, they could not form a unified force.
At 1:43, when various funds in the market could not form a unified force, the entire market began to slide into the abyss again.
At 1:51, the Shanghai Composite Index fell by 2.15%.
At 1:55, the real estate sector fell by 3.5%, Kumho Group once again hit the limit down, and the decline of Gemdale Group, a mid- and large-cap stock, broke through 7% for the first time during the session.
At 2:02, the military industry sector index shrank back to within 1% under the overall market decline. At the same time, the "China Airlines" stocks that once hit the daily limit, as well as military concept stocks such as Hongdu Aviation and Asia Star Anchor Chain, all showed a trend of exploding. The heat of capital attack in the entire "military industry" sector at the beginning of the afternoon trading was also gradually fading.
At 2:09, the two markets plunged again, and the Shanghai Composite Index fell by more than 2.3%, breaking through 2250 points again.
At 2:15, the Shanghai Composite Index refreshed the intraday low to 2244.79 points, and the intraday rebound trend of the entire market was all vomited at this moment.
At 2:22, except for the "military industry" sector, the two markets were still able to maintain a positive market, while the rest of the industry sectors all fell into the water. Even the "bank" sector, which had performed extremely strongly in the morning, continued to fall at this moment, and the related popular component stocks were also under heavy selling pressure.
At 2:30, when the time entered the last half hour of the closing.
Several major market indexes, including the Shanghai Composite Index, Shenzhen Composite Index, and ChiNext Index, all hit intraday lows. The net outflow of major funds in the two markets totaled more than 10 billion, which was extremely tragic.
At 2:35, the number of stocks that hit the limit in the two markets exceeded 40. Many mainline hot stocks such as "infrastructure", "state-owned enterprise reform", and "ChiNext growth stocks" were almost all locked at the limit. The entire market, whether it was relatively high stocks that had been heavily hyped in the previous two months, or many low-priced stocks that had been lying on the floor in the previous two months and did not enjoy any dividends from the continued rebound of the index, were all sold off by major funds.
At 2:43, the two markets began to experience a liquidity crisis. In order to exit the market as soon as possible, the main funds of many unpopular stocks actually smashed the stock price to the limit price with millions of dollars.
"Fuck, it looks like the index is going to be in place in one step!"
Seeing the liquidity crisis in the market during the continuous dive in the late trading stage, at this moment in the Magic City, inside Yinghui Fund Company, in the 'Yinghui No. 1' fund trading room, fund manager Liu Guanhai almost broke out in a cold sweat and said with emotion: "Fortunately, we did not hesitate and quickly reduced our positions. A lot of chips, otherwise this time... I should not be able to escape."
"Yeah!" Fund trading team leader Yu Lei nodded slightly and responded, "Indeed, it's fortunate that Mr. Liu saw the opportunity quickly, otherwise our 'Yinghui No. 1' fund would be difficult to survive in this unilateral plunge, especially when the market liquidity began to be obviously lacking."
If they had not significantly reduced their positions at the relative high point of yesterday's market rebound, they would have quickly reduced the fund's holdings.
Faced with today's unilateral plunge, they may not have time to reduce their positions, and the fund's net value has fallen to the preset risk warning level.
In the financial trading market.
At this moment, Yu Lei really had a profound understanding of the saying "Living longer is more important than making more money."
"You still have to respect the market!" Liu Guanhai thought of the previous aggressive operations, and felt a little scared. He continued, "I never thought that the market would have such a unilateral plunge with a lack of liquidity after the negative news landed. It's like overnight, we have returned to the stock market crash in the past!"