Chapter 821: Key Points of the Strategy for Reducing Positions and Taking Profits!
At 9:31, only one minute after the opening.
‘Huake Shuguang’ quickly hit the daily limit, and the stock price hit a new high since its listing, and all the chips that took over this stock in the previous few trading days were released, bringing the market's short-term speculation sentiment and the speculation sentiment of ‘new stocks’ directly to a climax.
At 9:32, ‘Lanshi Heavy Equipment’ had a huge turnover, and the stock price fluctuated violently around the 5% increase.
At 9:33, the two core hot sector indexes, the ‘Internet Finance’ sector index and the ‘Securities’ sector index, quickly broke through the 1% increase mark.
At 9:34, ‘Dazhihui’ hit the daily limit again.
At 9:35, ‘Dazhihui’ hit the daily limit again under the continuous attack of the main buying orders of 10,000 hands, and the stock price also hit a historical high.
At 9:36, the stock price of ‘Tonghuashun’ fluctuated upward rapidly, reaching the 5% increase mark within the day.
At 9:37, the Shanghai Composite Index reached a 1% increase in the day.
At 9:38, a number of heavyweight infrastructure stocks with the prefix "Hua" such as "Huagong International", "Huaguo Construction", "Huaguo MCC", "Huaguo Railway", "Huaguo Communications Construction", "Huaguo Railway Construction" and so on, all rose simultaneously. Among them, the increase of "Huaguo MCC" was more than 5%, and the stock price hit a new annual high.
At 9:39, the A50 index increased by 1.5% in the day.
At 9:40, the two heavyweight industry sector indexes of banking and insurance also broke through the 1% increase, while the securities sector index and the Internet finance sector index have almost broken through the 1.65% to 1.75% increase in a straight line.
At 9:41, the intraday increase of "Huaxin Securities" exceeded 2.5%, and the transaction volume in 10 minutes reached 1.2 billion.
At 9:42, Xiangcai Securities rose again, and the stock price hit the daily limit.
At 9:43, the stock price of Xiangcai Securities hit the daily limit, and formed a trend of three consecutive daily limits, successfully becoming the new leader of the entire securities sector. Moreover, with the rapid daily limit of Xiangcai Securities, Western Securities, Huatou Capital, Harbin Investment Capital, Southwest Securities, Huaxin Securities, Pacific Securities, and other related stocks also followed suit, among which Harbin Investment Capital rose by about 7%.
At 9:44, the film and television media sector rose straight, and Huace Film and Television hit the daily limit.
At 9:45, Huace Film and Television successfully hit the daily limit, and the index of the film and television media sector rose by more than 1%. At the same time, the relatively weak indexes of the ChiNext Index, Shenzhen Index, and Small and Medium-sized Index were also driven to rise, among which the ChiNext Index rose by more than 0.6%.
At 9:46, Quantong Education followed suit, and the intraday increase quickly expanded to 5%.
At 9:47, as the share price of ‘Quantong Education’ soared, the ‘Internet Online Education’ concept sector also followed suit.
At 9:48, the share price of ‘Lanshi Heavy Equipment’ broke through the 7% increase.
At 9:49, as the share price of ‘Lanshi Heavy Equipment’ broke through the 7% increase, the ‘National Defense Military Industry’ industry sector was driven, and stocks such as ‘China Airlines Heavy Machinery’, ‘Aerospace Development’, and ‘Hongdu Aviation’ rose rapidly.
At 9:50, the ‘Commercial Real Estate Development’ sector rose, and ‘Kumho Group’ hit the daily limit again. At the same time, two popular real estate stocks, Gemdale Group and China Fortune Land Development, also hit a 5% increase in the day.
At 9:51, the share price of ‘Fushun Special Steel’ broke through rapidly and rose sharply.
At 9:52, the ‘Yingkou Port’ also moved again, and the ‘Port Shipping’ sector, as well as the ‘Shanghai Free Trade Zone’, ‘Revitalization of Northeast China’, and ‘Eurasian Economic Belt’ concept theme sectors rose rapidly.
At 9:53, the stock price of ‘Fushun Special Steel’ hit the daily limit, and led the ‘Steel’ sector to attack comprehensively.
At 9:54, ‘Fushun Special Steel’ closed the daily limit, and the stock price hit a new annual high again. At the same time, the ‘Steel’ sector index rose by more than 1% during the day.
At 9:55, the Shanghai Composite Index rose by 1.2%, continuing to set a new high on the market and a new annual high.
At 9:56, the stock prices of ‘Huaxin Cement’ and ‘Huaxin Building Materials’ moved abnormally.
At 9:57, the A50 Index broke through the 1.7% increase during the day, and continued to advance in a large-volume form.
At 9:58, the stock price of ‘Shanghai Pudong Development Bank’ rose by more than 5% during the day.
At 9:59, the increase of ‘Huaguo Taibao’ exceeded 3.5%.
At 10 a.m., the number of natural turnover limit-ups in the two markets exceeded 40 again, and the daily increase of the top 20 hot stocks discussed and paid attention to by the market investor group was no less than 2%, and among them, 8 stocks have already hit the daily limit.
At 10:01, the total transaction volume of the two markets in half an hour reached more than 160 billion, which continued to show a trend of increasing volume compared with the same period yesterday.
At 10:02, ‘Huaguo South Locomotive’ and ‘Huaguo North Locomotive’ once again kept pace.
At 10:03, the daily increase of the securities sector index and the Internet finance sector index once again exceeded 2.3%, and continued to lead the two markets.
At 10:04, in the entire ‘big finance’ main line, the three core weighted sectors of securities, insurance and banks, the total net inflow of main funds once again reached the 2 billion mark. At the same time, the total inflow of main funds in the ‘big infrastructure’ related industry sectors and the ‘defense and military industry’ industry sectors showed a large net inflow. The active main fund groups in the two cities are still gathering towards these three main lines as the market trading time goes by, and they are frantically scrambling to take over the related core weighted stocks.
At 10:05, the ‘big consumption’ sector fell instead of rising, especially the ‘white wine and beverage’ sector, which actually hit a new low in recent adjustments.
At 10:06, the weighted core stocks of the ‘Internet finance’ sector, ‘Oriental Fortune’ and ‘Hengsheng Electronics’, broke through the 5% mark during the day. Among them, the intraday trading volume of ‘Oriental Fortune’ in more than half an hour has been greatly enlarged to the 1 billion mark.
At 10:07, ‘Tonghuashun’ began to hit the daily limit with a volume of 800 million.
At 10:08, the stock price of ‘Tonghuashun’ hit the daily limit. At the same time, a large number of related concept stocks such as ‘Huake Jincai’, ‘Jinzheng Shares’, ‘Yinjie Technology’, ‘Changliang Technology’, ‘Tianyu Information’, etc. followed the rise. Among them, the stock price of ‘Huake Jincai’ reached an increase of 8%.
At 10:09, the stock price of ‘Tonghuashun’ hit the daily limit, and the stock price continued to hit a record high.
"Fuck, this market is crazy, really crazy, right?" At around 10:12, Wang Can, who had been watching the changes in the two markets, saw that the check of 'Tong Huashun' once again strongly closed the daily limit, and the order was closed within one or two minutes, reaching more than 300,000 hands. He was shocked and exclaimed in surprise, "It's crazy to continue to close the daily limit at such a high position. The funds that follow the trend are simply crazy!"
When the market was in a full bull market, he was still in school and did not enter the market.
Therefore, in his cognition, he had not really seen the madness of the bull market.
At this moment, seeing the market's crazy continuous squeeze and rise, and the continuous daily limit of many popular stocks, he was so shocked.
"If we only analyze the 'Tong Huashun' check, the position is not high." Zhao Lijun heard Wang Can's words and responded, "For a stock, the high or low stock price should not be judged by how much it has risen or what its previous position was, but by the changes in the fundamentals corresponding to the check.
And there is no doubt...
The fundamental changes of the 'Tong Huashun' check are extremely drastic.
After the market has continued to improve for more than half a year, 'Tong Huashun' has become a stock trading platform and financial information integration platform that has taken the first-mover advantage in the mobile Internet era. The explosive growth of its user base is far more crazy than the multiple growth of the market transaction volume and the investor base.
And this is the fundamental logic that supports the strong stock price trend of the 'Tong Huashun' check.
No one is a fool, and no one's money comes from the wind.
We see that on the Dragon and Tiger List of ‘Tonghuashun’, institutions continue to increase their holdings crazily at high positions, and they are actively buying into the stock price. This is because the fundamentals of this check are changing rapidly. Judging from the expected performance explosion of this check, the current price of this check is still very cheap.
What’s more, the market attention of this check is so high that there is obviously a certain emotional premium.
Counting this part of the premium, the stock price of this check, at the current position, appears to be more underestimated and has a strong investment cost-effectiveness.
Of course, the technical side of this check is seriously divergent.
Once the sentiment weakens, there is still a large callback amplitude, but its fundamental investment logic is still very solid. ”
“So... we can’t reduce our holdings of this stock for the time being?” Wang Can asked after listening to Zhao Lijun’s analysis.
Zhao Lijun replied: "Of course not. We have a large position in the stock of 'Tong Hua Shun', and this stock is at the forefront of short-term speculation in the market, and it is on the Dragon and Tiger List every day. Not to mention that this stock has not risen to the right level, and the expectation is far from reaching the top, or when it is cashed, just from the fact that we sell a large number of chips of this stock, it will instantly expose the intention of our institution's trading strategy at this stage. Considering this reason, we cannot actively reduce the holdings of this leading stock when the main fund's large position has not yet completed the purpose of the trading strategy of reducing positions and stopping profits."
"Not only can we not reduce the holdings of the 'Tong Hua Shun' stock, all the rising patterns are further intensified, Moreover, the main leading stocks and main popular weighted stocks where the main capital groups are still fully concentrated are not our reduction targets at this stage. "Liu Yuan also said at this time, "At this time, our primary reduction target should be those stocks that have shown strong differences between long and short funds on the market, and can no longer continue to create new highs in the crazy rise of the index, and have obviously shown stagflation. "
"Reduce positions from weak to strong, General Manager Su has made it very clear." Zhu Tianyang also said, "Prioritize those with poor liquidity, and finally reduce those with good liquidity. Only in this way can we maintain a good profit lock-in state in the implementation of the strategy of 'reducing positions to stop profits'."
"Another point is that among our main fund products, the holdings of individual stocks are still at low levels. They are stocks that are not in the main lines of 'big finance', 'big infrastructure' and 'military industry'. There is no need to reduce positions." Zhang Guobing also said at this time, " I think even if the market falls into a violent adjustment after this wave of bull power is exhausted, there should still be a partial money-making effect in the market, and as long as there is a partial money-making effect... I guess the remaining funds will definitely choose to invest in the market. The logic line of 'high and low switching' is used to make the market.
Therefore, it is among our main fund products.
The current non-popular mainline high-quality stocks that are at low levels may not only not fall much during the market adjustment, but may also go out of a lagging rise and absorb a large number of people who have withdrawn from the core popular mainline areas and taken profits. Active funding groups. "
Li Meng heard Zhang Guobing's analysis, thought for a moment, and responded with a smile: "Guobing's logical analysis and subsequent market expectations are quite good. Yes, our idea of reducing positions and taking profits must be Follow the idea of Guobing's analysis.
Under the premise of ensuring that our institutional trading seats are not exposed.
Priority should be given to reducing holdings of mainline stocks whose market liquidity is not that good, and there are large differences between long and short positions on the market. It has been difficult to keep up with the rapid rise of the index.
Then, there are all the popular mainline stocks.
Finally, after the positions are reduced, consider low-position stocks that are not popular main lines.
Of course, in the process of reducing holdings, there are no specific regulations on how to reduce it. It is up to you to operate it yourself. As long as you can avoid the dragon and tiger list and do not actively and intensively engage in smashing transactions, you can reduce as much as you can. "
After hearing what Li Meng said...
In the trading room, all the fund trading managers and traders from each trading group nodded and continued to quickly place pending orders on the market, or in other words, they watched the follow-up of buying orders on the market, and timely split the market price of the orders. Sell, gradually reduce the holdings of chips, withdraw funds, and lock in corresponding profits.
And as the main funds of the entire "Yu Hang Series" continue to reduce their positions and stop profits.
The major core indexes in the market were all on the rise and could barely keep up. However, over the course of market trading, their market trends actually lag behind those of the mainline hot stocks and weighted hot stocks. It is getting bigger and bigger, and the long-short divergence is becoming more and more obvious.
Moreover, the trend of sluggish growth in various component stocks is becoming more and more obvious.
"It's strange, how come they all belong to the popular main areas of 'big finance', 'big infrastructure' and 'military industry', such as 'Founder Securities, Huatai Securities, Caitong Securities, Huaxin Insurance, Huanong Bank, Huatong Bank, China Merchants Real Estate, Conch Cement... these relatively less popular mainline component stocks have become weaker and weaker while the major popular heavyweight stocks and concept leading stocks continue to make breakthroughs. "See the major popular stocks? The market differentiation in the main line area, as the index rises, does not seem to be weakening, but is intensifying. At this moment, in the Magic City, inside Zexi Investment Company, in the main fund trading room, Zhou Kan can't help but stare at the changes in the market of the two markets. He asked, "This trend...isn't it too strange? Shouldn't the two change simultaneously?"
In his question, Xu Xiang squinted his eyes and carefully looked at the changes in market trends. He chuckled and said, "This can only mean that someone is taking the opportunity to reduce their positions on a large scale. Look carefully. In fact, what you just mentioned These not-so-popular stocks have received a lot of funds on the market. However, it is difficult for the stock price to rise. The upward pressure on the market is very large, and no surprise...it is basically a long-short gap caused by heavy volume and stagnation. This can only mean that active selling is suppressing the upward trend of the market and reducing the holdings of these stocks on a large scale. "
"Such a large-scale collective reduction of holdings?" Zhou Kan was shocked and asked subconsciously, "Could it be... the 'national team' as the main source of funds?" (End of Chapter)