Chapter 555: Struggle for Market Dominance (Forty-Five)!
"Mr. Liu, it's over now!"
When he saw the new regulatory regulations on "Internet TV" issued by the State Administration of Radio, Film and Television, as well as the news that criticized LeTV by name and informed the market that seven integrated service licensees were no longer allowed to cooperate with LeTV, fund manager Chen Shen instantly felt his heart go cold. Halfway through, his face became extremely ugly.
Because of their previous large-scale deployment on the line of ‘technological growth’.
Nowadays, LeTV accounts for a very heavy position in the position weights of several of their main funds.
Now, LeTV has experienced a major negative event. When the market reopens on Monday, the trend of this check will definitely be completely over. It will fall to the limit. Basically, there is no surprise.
Of course, just because of this, Chen Shen would not express the feeling of "It's over".
The main thing is the check of 'LeTV'. It was previously speculated as a leading stock in the core concept of 'technological growth'. The underlying logic of its continued strength in recent times is also this. Now... this check If there is a comprehensive collapse, the impact will definitely not be on one sector, but on a few stocks.
Almost clearly foreseeable…
LeTV's check collapsed completely, and under the trend of falling to the limit, the main lines of "film and television media", "mobile Internet", "Internet software" and other related sectors will inevitably be greatly affected, and such as "Huayi Brothers, Internet Speed" Technology, 2345, Enlight Media, Huace Film and Television, Inspur Information, Huaguo Software... a large number of "technological growth" core stocks will also be implicated.
However, it is no surprise that these stocks are their heavy holdings!
It was precisely because of this that Chen Shen's confidence completely collapsed in an instant. He intuitively felt that the net worth of several major funds would be greatly impacted next.
"Why are you panicking? I don't have any composure at all." Liu Ziliang glanced at Chen Shen. Although he felt that something was obviously wrong in his heart, he could still maintain a calm expression on his face and said, "The matter is now over. There is no point in regretting it anymore." Any use, think about how to deal with it!”
"How else can we deal with it?" Chen Shen was completely out of ideas.
The State Administration of Press, Publication, Radio, Film and Television named and criticized it, and under the direct negative and precise attack, LeTV's stock price dropped to the limit next Monday. There was no suspense at all. At this time, the market had already closed. What else could they think of? Even if you want to liquidate your position at this time and place a large transaction, I'm afraid no one will be willing to take over without a significant discount.
"Think about how to reduce some losses." Liu Ziliang said, "There is nothing we can do about the 'LeTV' check, but the main line of 'technological growth' is not just the 'LeTV' check, but we The fund layout is much more than just this check.”
"Mr. Liu means..." Chen Shen's heart trembled, and he roughly understood what Liu Ziliang meant.
Liu Ziliang gritted his teeth and said: "We have to find a way to hedge against the bad news in the 'Technology Growth' line, otherwise next Monday, the 'Technology Growth' line will be completely on the ground under the influence of 'LeTV'. "At that time, there will be no liquidity, and even if we want to reduce our positions and stop losses, we will not be able to do so."
"How to hedge?" Chen Shen was confused. "The current market sentiment is all about the two lines of 'infrastructure' and 'military industry'. The line of 'technological growth' has been collectively abandoned by everyone. There are very few people who continue to be bullish, not to mention the 'Technology Growth' line. Under today's trend, too many active funds have been invested. Next Monday, the market pressure in this direction will be very high. Da, what good things can be done at this time to offset the bad effects of 'LeTV'?"
Liu Ziliang pondered for a moment and said: "Aren't the two lines of 'Internet finance' and 'e-commerce' also part of the concept section of the main line of hype in the 'technological growth' field? Since this Su from the 'Yu Hang Department' In short, if we can use these two conceptual sectors as an entry point to switch and transfer market conditions to the direction of 'infrastructure' and 'military industry', why can't we take advantage of it? "
"How to use it?" Chen Shen asked.
Liu Ziliang said: "Didn't you hear that 'Ali Baba' is going to be listed on the US stock market? Let's take advantage of this expected trend! At the same time, the funds of the 'Yu Hang Group' are not in the direction of 'Internet Finance', but there are also large-scale Do you want to hold a position? We can also take advantage of this.”
“As long as we can stabilize the two conceptual sectors of ‘Internet finance’ and ‘e-commerce’.”
"The line of 'technological growth' is just a benign adjustment. In terms of long-term investment logic, we still have the expected sentiment of the market. Then we can reduce losses, or get out safely."
"Can it be done?" Chen Shen was a little skeptical about the trading strategy Liu Ziliang mentioned. "If we do this... won't we go back to the path of supporting the funds of the 'Yu Hang Group'?"
Liu Ziliang responded: "At this time, why are you still thinking about lifting the sedan chair instead of lifting the sedan chair? If we can first stabilize the main line of 'technological growth' and prevent it from completely collapsing, we can take advantage of the good liquidity and release some chips on a large scale first. , it’s good to reduce the drawdown of the fund’s net value, and I can’t worry about the rest anymore.”
"Okay!" Chen Shen sighed, thinking that this was the only way he could choose.
"At the same time..." Liu Ziliang paused and continued, "Through our news channels, release the news and spread the news that 'Ali Baba is about to land on the US stock market Nasdaq' as much as possible to guide market sentiment and investor expectations. Hype in this direction.”
"We are in the direction of the two major concept sectors of 'Internet Finance' and 'E-Commerce'."
"If you don't have enough chips to control the market, you can only start with as much off-site news and investor sentiment as possible."
"As long as it can arouse emotions and make the opening trend of the 'Technology Growth' line next Monday and the concept sectors not so ugly, then it will be fine."
"Hey, bad luck!"
Speaking of this, Liu Ziliang couldn't help sighing, and continued: "It's precisely at this time that such a bad news happened, and it's also because the boy named Su from the 'Yu Hang Department' is so lucky, but... I always believe that this boy will not We will always stay on the right side of the market trend.”
As he sighed, the same time.
Magic City, E Fund Asset Management Trading Center, and Huarui Public Fund Company.
When Mr. Gao and Mr. Shan saw the sudden bad news about LeTV, they frowned and cursed in their hearts.
"Hey, Liu Ziliang mistaken me!" Mr. Gao said bitterly.
As an ally linked to Pingyin Asset Management on the market, the fund he manages has a large position weight for the check of 'LeTV', with a full 360 million chip position. As you can imagine, this 3.6 If you hold a position of 100 million, you will have to hit at least two lower limits.
And two lower limits are a loss of more than 70 million!
Although this loss has not had a great impact on the overall net value of the fund he manages.
However, when the two main lines of the main board, 'Infrastructure' and 'Military Industry', have formed an upward trend of breakthroughs, the net value of the fund he manages has stagnated. In terms of the performance ranking of the overall public offering fund products, the ranking has dropped significantly. Yes, this is what he cannot tolerate.
Moreover, once the position is stuck on the main line of "LeTV" and the entire "technological growth".
What he missed was a lot of time and opportunities.
If the two main lines of 'infrastructure' and 'military industry' continue to break through upward and head north without looking back at all, then even if he loses the chips in the direction of 'technological growth' and frees up his position, it will be difficult. Now it's time to find the right opportunity to intervene in the position and pursue opportunities in the two main lines of 'infrastructure' and 'military industry'.
In other words, if you miss some opportunities in the market, you have really missed them.
Similarly, at this moment, Mr. Shan of Huarui Public Fund also jumped in anger and cursed angrily: "Didn't Liu Ziliang always brag about how well-informed their 'Pingyin Asset Management System' is? Why is 'LeTV' so big?" The bad news was not found out, which made me step on such a big surprise. Oh... damn it, if I had known about it... I might as well have followed the 'Yu Hang Group' capital operation."
At a time when agency bosses were complaining that the previous cooperative alliance fell apart in an instant.
The check "LeTV" has also become a popular stock in the two cities after the "Fushun Special Steel" and "Beijiang Communications Construction" in just half an hour. It has gathered the attention of a considerable number of investor groups across the market.
Of course, everyone is paying attention to this check, not that they are optimistic about it.
But based on the market trend of 'LeTV' in the past few days, they all want to see the jokes of the major institutions chasing this check. They also want to know what kind of trend this check will be next Monday after being personally criticized by the State Administration of Radio, Film and Television. After all, the transaction volume of this check has been over 1 billion for several consecutive days. There are quite a lot of active market funds invested in this stock. At the same time, the trend of this check will also have a considerable impact on the subsequent market performance.
"With the success of 'LeTV', the 'technological growth' line should be completely dead, right?" At around seven o'clock in the evening, after dinner, Li Meng returned home and sat on the sofa in the living room. While following the drama, he used his tablet to browse market news and topics on major stock forums. He asked Su Yu beside him with a smile, "I didn't expect that the last assist to defeat the main line of 'technological growth' turned out to be the State Administration of Radio, Film and Television. Sent."
"Standing in the right direction of market trend development, you will always find different market news to assist you inadvertently." Su Yu responded with a smile, "Every time comes, the world and the earth work together, you know this sentence, right? ? This is also the reason why the market trend cannot be resisted. We are just a drop of water in the trend. Once we go against the trend, we will always be smashed to pieces by the raging torrent, just like today, or the recent full-scale increase in technology. Growth' is the same as many organizations in this line."
Li Meng chuckled and said: "It sounds so profound, but it's actually just a game of chips. In fact, the underlying investment logic of the 'technological growth' line is not bad. The only shortcoming of not having an upward breakthrough is that the adjustment is not sufficient, and the market The expectations were too high, and the corresponding performance was not realized, which led to confusion in the internal bargaining system. When the external incremental funds were not emotionally sufficient, they were unable to form a unified force. Only then did the breakthrough fail, causing the market to reverse again. "Infrastructure" and "military industry" are the main market trends.
"You're right!" Su Yu smiled and nodded, "Trading is essentially a game of chips."
"But..." Li Meng thought for a moment, and then said, "Are you really so sure that the bull market has reached its breaking point?"
Su Yu thought for a moment and responded, "I have this feeling, but to really determine this breaking point, the Shanghai Composite Index must break through the shackles of 2,500 points, the market volume as a whole must catch up, and then go to the next level, or there must be another major positive news stimulus in terms of policy and macroeconomics."
"In terms of policy and macroeconomics, the good news has already stimulated a lot in the past six months." Li Meng said, "What other heavy good news can strongly drive the market and attract a huge amount of incremental funds to enter the market?"
Su Yu smiled and said, "There is one, and I guess... the news should be soon."
"What news?" Li Meng looked up at him, with curiosity in her bright eyes.
"Guess?" Su Yu said with a smile.
Li Meng was stunned, thought about it seriously, and said: "Shanghai-Hong Kong Stock Connect? Further deepening of the reform and reorganization of state-owned enterprises and central enterprises? Modification of new stock issuance rules, or modification of subscription rules? Besides... another wave of 'free trade zone' macro planning?"
"No!" Su Yu shook his head, "Didn't you notice? Not long ago, the Fed's interest rate meeting changed the wind, no longer thinking about raising interest rates in a hurry, indicating that monetary policy should be based on stability, and should not be urgently turned."
"You mean..." Li Meng's eyes lit up after Su Yu's reminder, and he reacted instantly, "Our central bank will also change its monetary policy. Is there a buffer? "
Su Yu nodded and said: "This change in the direction of the Fed has given our domestic central bank and other major central banks in the world a lot of buffer space. Although the current tight domestic money supply situation has been alleviated a lot after the central bank took action twice, the market monetary liquidity is still lacking. If nothing unexpected happens, when the Fed slows down, the central bank should find a way to further stimulate the liquidity of the market, so that the market macro-economy that has just improved can move again and continue to rush upward. "
"Will... cut interest rates or reduce reserve requirements?" Li Meng asked.
Su Yu smiled and said, "No one knows at the moment. There is no such rumor in the market. Maybe there will be interest rate cuts and reserve requirement ratio cuts?"
"If the interest rate and reserve requirement ratio can really be cut..." Li Meng said excitedly, "It will be a great boon to the market. It can greatly increase the liquidity of the market, stimulate a lot of funds to enter the market, and release a lot of incremental capital space. Moreover, if the Shanghai Composite Index can really break through the resistance of 2,500 points at this time, then the upward space... I really dare not think about it!"
Li Meng became more and more excited as she spoke. Indistinctly, she seemed to be able to feel the footsteps of the bull market, which was getting closer and closer!