Chapter 813: A Group of Institutional Funds that Are Fully Invested and Long!
Moreover, in this extremely crazy emotional performance, the market's money-making effect further converged on the main line weighted stocks and concept hot stocks, and many weighted stocks and hot concept stocks continued to explode, constantly refreshing the market highs and annual highs.
The vast majority of investors not only did not realize the possible risks, but continued to increase their positions.
Even in market analysis and market news analysis, many main institutional groups with relative advantages, there are also many institutions that are still in a process of continuously increasing positions and going long.
For example, around 11:15.
In the Magic City, inside the E Fund Public Fund Company, the "Future Growth Mixed Selection" fund product trading room.
As a fund product manager, Gao Yirong saw that the more than 1 billion subscription funds had been added to the fund background data on the main control computer, and he could not help but issue another order to continue to increase positions and buy.
"Mr. Gao, still... continue to increase positions?" Guan Yi, the trading team leader who heard the order, hesitated subconsciously.
Gao Yirong looked up at the other party and asked, "Any questions?"
Guan Yi thought for a moment and responded, "If we continue to buy at this time, it will not only greatly increase our holding costs, but it is also very likely that we will buy near the short-term high point. I see that the K-line trends of the major indexes have seriously diverged, and even in the core main line areas of 'big finance', 'big infrastructure', and 'military industry', strong popular stocks, weighted stocks, and general component stocks have also shown a certain degree of differentiation.
I think the index is not far from a short-term adjustment.
The current holding level of our fund products is not low. It is better to wait for the market to pull back and buy at a new buying point, which will be more conducive to the performance of our fund net value."
"Hasn't the K-line pattern of the major indexes diverged long ago?" Gao Yirong took over and said "Xiaoguan, using the K-line pattern trend of the market to predict and judge the market is actually similar to fortune-telling, and it is not accurate. Also, as fund managers, in addition to judging the market conditions and formulating trading strategies, the most important thing is to think about the problem from the perspective of investors.
At this point in time, investors invest their money in us. What do they want us to do?
They definitely want us to continue buying stocks and continue to ride the bull market to make money for them.
The trading methods and investment strategies of public fund products and private fund products are completely different. You must keep this in mind.
Our performance mainly depends on the asset management scale of fund products, and the secondary...is the embodiment of net value and performance. If investors currently invest their money in us and we do not buy or add new positions, once If investors miss out on the market, they will definitely have great complaints.
And if investors have complaints, they will definitely not subscribe to our fund products.
This is a loss for us.
We increased our positions and bought the main hot stocks in the market. As a result, the market trend turned and the adjustment came. That was the market trend problem, not our problem. You must understand this.
As long as there is no problem with our investment strategy and stock selection strategy.
Then, there is no need to consider other things.
Moreover, in the bull market, the market adjustment is basically benign. As long as the basic logic of the bull market is still there and the corresponding positive factors are still there, then even if it is a short-term adjustment, it will eventually create a new height.
At this time, it is better to take the initiative to buy a set than to hold cash and miss the market.
After all, the market When the market falls, there is no shortage of funds to take over, but when the market rises, the speed of scarce chips rising will accelerate, and the targets available for us to buy will become fewer and fewer.
Just like the weighted stocks in the Internet financial sector, such as 'Tonghuashun, Dongfang Fortune, Great Wisdom, and Hengsheng Electronics'.
I am now regretting that on November 10, when the market adjusted extremely, I did not fill up the positions in this main line field in one go.
Look at how much the cost of chips has been raised if we buy these stocks now?
To trade stocks in a bull market, you must have a pattern.
Also, in a market situation where it is easy to rise but difficult to fall, don't try to judge the top of the adjustment. There is a saying that 'there is no top to rise, and no bottom to fall'. As long as the trend continues, the market's money-making effect continues, and there are a large number of new funds groups that continue to follow suit.
On the technical side, the K-line chart can only be used as a reference.
We will do what the market trend is.
As long as the market's bull market logic is not broken, and the positive factors and basic logic supporting the bull market are still there, then the strategy of continuously increasing positions and going long cannot be changed.
Besides, we have bought now...
Even if the market adjusts later, there will be some subscription funds coming in, so we can continue to buy at a relatively low level. "
"I understand!" Seeing Gao Yirong's insistence, and seeing that the market trend has not yet shown any signs of reversal, Guan Yi was silent for a while, nodded, and responded, "Then I will immediately let everyone prepare and continue to buy some of the strong stock chips we hold."
After saying that, without waiting for Gao Yirong to give another order.
Guan Yi quickly turned around and quickly issued instructions to the trading team members behind him to continue buying.
And as they continued to increase their positions in hot stocks, at the same time...many institutional trading rooms in the industry were doing the same thing.
However, the huge amount of main buying incremental funds that concentrated on the popular main lines such as "big finance", "big infrastructure" and "military industry" did not push up the market of the corresponding popular stocks. Instead, many popular stocks showed obvious large-volume shock and sideways trading, or obvious large-volume stagnation.
Finally, when 11:30 noon came, the two markets ushered in the midday closing.
The Shanghai Composite Index barely fixed at a 2.01% increase, barely holding the 2% increase mark; while the Shenzhen Composite Index and the ChiNext Index rose by 1.59% and 1.48% respectively.
As for the SME Index and the A50 Index.
The SME Index closed up 1.17% and is still the weakest among the core indexes in the market.
The A50 Index continued to rise by 2.46%, and is still the strongest core index in the entire market.
In addition to the performance of the index, the two cities' popular main lines, as well as the performance of many related industry sectors and concept sectors.
The main line of "big finance" still maintains the trend of leading the two cities.
Whether it is the securities sector index or the Internet finance sector index, they all closed at a daily increase of more than 4%. Even the weighted industry sectors, the banking sector index and the insurance sector index, also rose by more than 2.5% to close, comprehensively outperforming the market's core indexes.
After "big finance", the two cities also performed equally strongly in the main lines of "big infrastructure" and "military industry".
In the field of the main line of "big infrastructure", the three major weighted industry sectors of "building decoration", "building materials" and "commercial real estate development" all rose by more than 3% during the day; and the core industry sector in the field of the main line of "military industry", the "national defense military industry" sector index, rose by 3.52% to close, second only to the intraday increase performance of the securities sector.
In terms of strong concept sectors…
The increase in the index of the ‘Internet finance’ sector and the index of the ‘new stocks’ sector are still the strongest in the two markets, one rose by 4.47% and the other rose by 3.96%. In the two major concept sectors, the total number of stocks that hit the daily limit is as high as 23.
After the two major strong sectors, the ‘Eurasian Economic Belt’, ‘New Era Road, Maritime Silk Road’, ‘Central Enterprises and State-owned Enterprises Reform’, ‘Shanghai Free Trade Zone’, ‘Film Production’, ‘Northeast Revitalization’, ‘Military Industry Concept’ and other more popular concept theme sectors remain at the forefront of growth.
As for the marginal main line areas such as "big consumption", "nonferrous metal cycle", "coal", "petrochemical", "mobile Internet", "smartphone industry chain" which are not so popular and where the main funds are not obviously gathered, they basically recovered the previous market gains in the market trend after 11 o'clock, but widened the gap between the market trend and the related industry sectors and concept sectors of the popular main line areas such as "big finance", "big infrastructure", "military industry", "new stocks", "film and television media".
In addition to the major main lines, the macro performance of various popular industry sectors and concept sectors.
In terms of specific stock performance.
After half a day's trading, it can be said that the market trend principle of "the strong will always be strong, and the weak will always be weak" is fully interpreted.
The main line weighted stocks and concept leading stocks that have attracted great attention and hot discussions in the market investor group are basically all up more than 5%.
Among them, a number of popular stocks such as 'Lanshi Heavy Equipment', 'Huake Shuguang', 'Dazhihui', 'Huake Jincai', 'Xiangcai Securities', 'Pacific Securities', 'Huatong Securities', 'Huaguo Zhongye', 'Huahang Heavy Machinery', 'Yingkou Port', 'Yinjie Technology', etc., have all hit the daily limit, creating a crazy market profit effect and a group of funds following the trend.
Facing the market's comprehensive breakthrough trend again.
Facing the daily limit trend in the entire 'big finance' and 'new stocks' trend field again.
Facing the situation of 1,800 stocks in the two cities in the red market.
Also facing the extreme profit effect, the leading stocks have continued to hit the daily limit trend one after another, and many heavyweight leading stocks have continued to hit new highs.
After the two cities closed at noon, the emotional feedback of the entire market became even crazier.
Moreover, most investors inside and outside the market seem to have lost their minds a little under this market trend that has continuously exceeded expectations.
"Fuck, this is crazy, the money-making effect of the market is simply exploding."
During the lunch break, as the bullish sentiment continued to ferment, even the large speculators in the Yuhang main speculator group where Su Yu was, as well as the large speculators in the group who had been in the market for a long time and had seen the ups and downs of the market, could not help but feel a little shocked and sighed. (End of this chapter)