Chapter 507 The Choices of Major Institutions (IV)!

"But when will this short-term speculation divergence come?" Zhao Lijun was not as optimistic as Zhang Guobing, and took over the words, "We can't just sit back and watch the market develop. Seeing the market investment expectations and speculation expectations, in the small and medium-sized board, The direction of GEM’s ‘growth stocks’ is becoming more and more consistent, right?”

"Moreover, if we do nothing now and allow the broad investor base in the market to really form consistent expectations in the direction of 'growth stocks' on the small and medium-sized boards and GEM, then even if short-term profits accumulate, this will The line has encountered short-term speculation differences. It is probably extremely difficult for us to completely pull the main line of the market back to the main lines of 'big infrastructure', 'military industry' and 'Internet finance'."

"Because as the trading time goes by, the deeper the active capital groups in the market get involved in the 'growth stocks' line of small and medium-sized boards and GEM, the harder it will be to withdraw quickly."

"At the same time, if we don't stabilize the market in time."

"With the market always in the context of a game of existing funds, the popularity and hype of the main lines of 'infrastructure', 'military industry' and 'Internet finance' continue to be interpreted in the 'growth stocks' line of the small and medium-sized board and GEM. As it develops, it will continue to decline rapidly.”

"Once the main trend of the market reverses, it will be very difficult to reverse it."

"So, I think we still need to look at the huge differences that have just emerged in the market. The broad investor group is focusing on the 'infrastructure' and 'military industry' main lines in the direction of the main board, and the 'concept growth stocks' focusing on the direction of the small and medium-sized board and the GEM. 'The main line is still expected to intervene. ”

"Even if the market trend and market changes at this time are not suitable for the main lines of 'infrastructure', 'military industry', and 'Internet finance'; even if the internal chip structure of these main lines has not been readjusted at this time, it is still A shake-up is needed; even though our current fund is not able to fully guide and control the cash flow in this direction... we still need to maintain the investment sentiment, hype sentiment and investment expectations in this direction, and maintain investors' awareness of these trends. Popularity in the main direction.”

"Well, I agree with what Lijun said." After Zhao Lijun expressed his views, Li Meng hurriedly responded and added, "Although the market has developed to this point, we cannot go against the existing trend changes and force the market to reverse the trend. market situation, but it is appropriate to give investors in the market who are still optimistic about the core main lines of 'infrastructure', 'military industry' and 'Internet finance' a firm holding, or in other words, these core main lines will be in the follow-up There is still hope for an upward breakthrough, and it is indeed necessary to maintain investors’ continued attention and trading sentiment in this main direction.”

"After all, in the domestic financial trading market, especially among our big A."

"Although it is usually the major institutions that guide the market trend, what really determines the market trend is the vast number of retail investors who account for nearly 80% of the market investment group, as well as many active hot funds."

“In other words, I think that the final trend of the market is due to the joint efforts of all funds in the market after the consensus, but the decisive role is still played by retail investors who account for 80% of the market investor group, as well as various investors. Road active hot money groups."

"And it is precisely these retail investors who account for 80% of the market investor base, as well as a lot of active hot money."

"This is another group in the market whose ideas and expectations are most susceptible to change."

"It is also the most core financial force among the medium and short-term speculation fund groups. After all, it is difficult for big funds to make a U-turn after choosing an investment direction, but they...are hardly affected by the size of the funds."

“So if we want to take the initiative in trading, we must mobilize the power of this financial group.”

"And guiding their emotions and expected direction."

"Their current sentiments and expected directions are mainly concentrated on the main line of 'film and television media' and the two conceptual areas of 'Internet software' and 'Internet applications'. At the same time... looking at the discussion among retail investors in the market at noon, Although everyone's sentiments and expectations about the early major themes of 'infrastructure', 'military industry', and 'Internet finance' have dropped a lot, these major themes still have sufficient popularity and attention among the majority of retail investors. degree, and there are many people who are firmly optimistic about it.”

"Also, under the current market trend of the Shanghai Stock Exchange Index..."

"Although there is pressure to completely stand at 2300 points, the expectation of maintaining the shock at this stage is still quite strong."

"At this time, if we lure the market appropriately and maintain the current emotional divergence in the two main directions of the market, on the one hand, we can shake up the market, and on the other hand, we can also focus on 'infrastructure', 'military industry', and 'Internet finance'." These are the main directions, and the retail investors who are firmly optimistic about them have a hope.”

"And if we lure the market at this time and maintain the strong shock pattern in this direction, it can be regarded as adapting to the trend changes of the market itself, and it is not difficult."

“Of course, in order to reduce the pressure on our main lines of ‘infrastructure’, ‘military industry’, and ‘internet finance’, we still need to sell some of the core concept stocks in the main areas of ‘film and television media’, ‘internet software’, and ‘internet applications’ in our fund holdings, so as to deepen the market’s investor group’s follow-up sentiment and expectation differences on the main line of ‘growth stocks’ in the SME board and GEM, and hinder the market’s active funds from the main line of our fund’s heavy holdings to the ‘growth stocks’ in the SME board and GEM. The main line of 'long stocks' must continue to flow significantly. "

After listening to Li Meng's analysis, Su Yu's smile became more intense, and he nodded in response: "Move at the right time, follow the trend, guide the market, create opportunities, the trading skills and key points in the market are nothing more than this. Mr. Li is right. Although we cannot force the market against the trend, it is still necessary to guide the expectations of the majority of investors in the market in a timely manner and keep the market in a narrow range of fluctuations at this position. "

"Specifically... how to start?" Wang Can asked again at this time.

Su Yu thought for a moment and responded: "'Beijiang Communications Construction, Tianshan Cement, Shanghai Construction Engineering, Pudong Construction...' These are the leading stocks in the small and medium-sized concept of the main line of 'infrastructure'. The buying funds on the market have a relatively strong willingness to take over, such as Tianshan Cement and Pudong Construction. They can moderately attract the market, pull up and gather popularity, and improve everyone's expectations for the main line of 'infrastructure'."

"At the same time, such as the core component stocks of 'infrastructure' that are highly concerned by the market."

"Several stocks like 'China Metallurgical, Gemdale Group, China Railway Construction, and China Communications Construction' also need to maintain the market. It proves that there are major funds that are still optimistic and dare to buy these stocks at this position. "

"As for the line of SME Board and GEM 'growth stocks'..."

Su Yu paused, pondered for a moment, and continued: "Our chips on this line are not large, and the core holdings are not many, so it is not advisable and impossible to concentrate on smashing the market. We can only concentrate on smashing one or two popular leading stocks that are highly concerned by the market. "

"Therefore, it is enough to send a signal to the market that the continuity of the market trend of this line is in doubt. "

"Concentrate on smashing one or two market-related stocks. "The hot leading stocks with high attention..." Hearing Su Yu's words, Wang Can took over and said, "According to our fund's holdings in the SME board and GEM's 'growth stocks' direction, and the leading stocks shown in the market today that have a strong driving effect on the entire 'growth stock' route, it should be Netspeed Technology and LeTV, right?"

"And it happens that our fund's holdings of these two stocks are not low."

"If they are sold in a concentrated manner, it should be able to form a significant suppression on the current market of these two stocks, thereby hitting the entire market's attention to the SME board and GEM. The continuous expectation of the main line of the industry board's 'growth stocks' market explosion, and even the confidence of active funds in the market to follow suit and flow into this field. "

"Not bad!" Su Yu saw that Wang Can could see how to cut in, thereby influencing the market trend and speculation sentiment, so the heads of other trading groups naturally understood it, so he didn't say much, and gave instructions with a smile, "Since everyone has no different opinions, let's execute it according to the trading strategy just mentioned!"

After Su Yu made up his mind, everyone in the trading room nodded, and then quickly made trading arrangements.

And as everyone in the main fund trading room of 'Yuhang Investment' readjusted their trading strategies after intense discussions and decided to intervene in the market trend.

Shenzhen Stock Exchange, Pingyin Asset Management Center.

Liu Ziliang, general manager of asset management business, summarized the market trend in the morning and referred to the increasingly hot investment sentiment and discussion heat of the entire market investor group for the main line of "growth stocks" in the SME board and GEM. He also decided to increase the cleaning of the main line of funds under his fund in the "infrastructure", "military industry", "Internet finance" and other main line areas with high holding weights of "Yuhang system" funds, increase the holding weight of the main line of "growth stocks" in the SME board and GEM, and continue to guide the active funds in the market to converge to the SME board and GEM trading strategy.

At the same time, he also directly connected with the head of asset management business of the "Ping An Insurance Proprietary Investment Strategy Department" of the same group system.

They intend to launch a joint attack to promote the market investment sentiment and speculation sentiment to converge towards the "growth stocks" of the SME Board and the GEM more quickly, and finally form a relatively consistent investment and speculation expectation, win over the market liquidity, and lock the funds of the "Yuhang system" in the previous main lines such as "infrastructure", "military industry", and "Internet finance", forcing the funds of the "Yuhang system" to either completely miss the market and fall from the altar of performance, or... be forced to cut positions from the original main line market and obediently carry their sedan chairs.

And in this midday investment sentiment, there are huge differences.

At the same time, the main institutions also have their own calculations, and the market expectations are obviously different.

The market trading time has quickly passed the lunch break and came to 1:00 p.m. The stagnant two-market disk resumed trading.

After an hour and a half of emotional brewing and various market news in the afternoon.

As soon as the market opened, the Shanghai Index fell sharply, once again touching the 2290 point mark, smoothing out the already insignificant increase on the disk.

At the same time, the Shanghai Composite Index experienced a sudden drop.

The market is paying close attention to the sector, but the main-line related industry sectors and concept sector indexes of "infrastructure", "military industry" and "internet finance" that showed obvious weakness this morning also fell one after another. In addition, the core concept leading stocks in their fields, such as China Metallurgical Group, Gemdale Group, Conch Cement, AVIC Technology, Shanghai Construction Engineering, Tianshan Cement, Pudong Construction, Beijiang Communications Construction... and other stocks, have also accumulated active selling volume on the market, and actively killed the market downward, and the weak trend has become more and more obvious.

However, at the same time.

The Shenzhen Index, ChiNext Index, and SME Index suddenly jumped up.

Among them, the three major industry sector indexes of "film and television media", "internet software", and "internet application", which have attracted great attention in the market, have risen by more than 0.3% in the moment of opening. The active buying volume of related core concept stocks has also exploded rapidly, pushing up the stock prices of a number of stocks.

Then, until 1:12.

For a full 12 minutes, the Shanghai Composite Index hovered between the red and green plates, and fluctuated in a narrow range at the 2290 point mark with a continuous decline in intraday volume.

However, the Shenzhen Composite Index successfully stood at the 1.2% increase mark in these 12 minutes.

As for the ChiNext Index and the Small and Medium-sized Enterprise Index, their performance was even more outstanding, and they all stood at the 1.5% increase mark.

In the interpretation of the obvious differentiation of the trend of several major indexes, the active funds in the market are also further flowing from the previous popular main lines such as "infrastructure", "military industry", and "Internet finance" to the "growth stocks" field dominated by "film and television media", "Internet software", and "Internet applications".

However, just when everyone thought that this kind of speculation trend from the previous "mid- and large-cap performance weight stocks" and "state-owned enterprises and central enterprises reform and restructuring stocks" was fully shifted to "small and medium-cap growth concept stocks" and "emerging industry story stocks", the market is very likely to repeat the Shanghai Composite Index did not move at all last year, while the ChiNext Index moved forward independently and almost doubled the index market.

As the investment sentiment and speculation sentiment of the entire market have begun to accelerate towards small and medium-sized stocks.

At 1:15, it attracted great attention from the market. At the same time, it also made great contributions to the abnormal movement of the "growth stocks" of the SME Board and the GEM in the morning, driving the breakthrough of the two emerging industry sectors of "Internet software" and "Internet application". The GEM weight component stock, which was praised as the market leader by a group of retail investors and hot money groups who followed the trend, suddenly exploded and the stock price fell rapidly!