Chapter 394: Change of investment strategy!

"Ba Lianyang is so powerful!"

Seeing such a closing scene, Yuhang, Minghui Capital's internal fund trading room, general manager Xu Zhongji couldn't help but sigh: "And all adjustments were completed within the day, and the market volume is also advancing steadily. It seems...this round of rebound , the Shanghai Stock Index will really hit above 2,500 points.”

"In fact, in the two main areas of 'infrastructure' and 'state-owned enterprise reform' today, the internal chip structure of many popular stocks has been loosened." Fund manager He Hong added, "With the support of good news and sentiment, we are just following the trend. The funds are strong enough to suppress all this."

"This is the power of trends!" Xu Zhongji said with a smile.

He Hong nodded and continued: "The differences have once again turned into consensus. The two core market trends of 'infrastructure' and 'state-owned enterprise reform' are likely to truly enter the stage of deepening and accelerating."

Xu Zhongji nodded slightly and responded: "After today's violent shock, investors in the entire market have discovered that only the two core themes of 'infrastructure' and 'state-owned enterprise reform' can fully gather the market's long sentiment and follow-up funds. , condensing a sustained money-making effect, it will inevitably accelerate the inflow into this field, and push expectations and valuations to the extreme in one go. In this way... it can be foreseen that the next direction of market conditions will focus, as well as the grouping of active funds in the entire market The signs will become more obvious, and the main rising market trend of the two core themes of 'infrastructure' and 'state-owned enterprise reform' has indeed reached the time for a full-scale outbreak."

"that is……"

Xu Zhongji paused for a while, thought about it, and continued: "I don't know how high the height can be!"

After the two core main lines of 'infrastructure' and 'state-owned enterprise reform' have gradually deepened, the scope of conceptual stocks involved has become quite broad. In other words, the volume of these two main lines has been large enough. Such a huge volume cannot be achieved in a relatively limited environment. He really has no idea how far he can follow the trend, how much capital he can accept, and how far he can continue to go.

After all, judging from the current changes in market volume, the short-term limit is only in the range of 130 billion to 150 billion.

As the speculation space continues to rise, the potential selling power on the market is increasing with time.

"When obvious differences appear next time, it should be almost done." He Hong responded, "At the same time, it also depends on when Mr. Su of 'Yuhang Investment' will exit the position."

As the core force of the two main market trends of ‘infrastructure’ and ‘state-owned enterprise reform’.

He Hong believes that the two main funds "Yuhang 1" and "Yuhang 2" managed by Su Yu, with a total holding of more than 10 billion in chips, are definitely important factors affecting the future trend of these two main lines of market.

"It's impossible to guess." Xu Zhongji said with some helplessness, "His selling points are usually always unexpected!"

He Hong thought for a while and said: "Based on the position data previously disclosed by the two main funds of the 'Yu Hang Group', we can still capture a few stocks in which they hold relatively heavy positions. Changes, if they focus on large-scale exits, we should still be able to find some clues."

"not to mention……"

He Hong paused for a while and continued: "Mr. Su from 'Yuhang Investment' used his personal trading seat, that is, the 'Yuhang Huaxin Securities Fushenglu' seat, to buy the Beixin Road and Bridge stock." With a large amount of chips, the Beixin Road and Bridge check serves as a barometer of market sentiment and popularity. The turnover rate is so high every day. With the huge amount of money bought by Mr. Su, once a large-scale exit is made, it will be difficult to escape the disclosure of the Dragon and Tiger List. "

"So, if we really want to capture the traces of changes in their positions, we should still be able to roughly judge."

[To be honest, I have been using Yeguo Reading recently to catch up on books. I can switch sources and read aloud with more sounds.

Both Android and Apple are available. 】

"Besides, the holding weights of several of our company's main funds on the two main lines of 'infrastructure' and 'state-owned enterprise reform' are not too large. The overall market value of positions is compared to the two funds under 'Yuhang Investment'. It’s not worth mentioning, as long as we find them reducing their positions on a large scale and leaving the market, we will still be able to react in time.”

"That's true!" Xu Zhongji smiled and nodded, pondering for a moment, "After today's 'big financial' riots, there is no market synergy at all. What do you think of this?"

He Hong responded: "Generally speaking, it is still a problem of market capital. The turnover of the two cities of more than 100 billion yuan cannot lift the 'big financial' sector of several trillion yuan, and there is too much internal lock-up in this field." It’s heavy, and also... everyone’s expectations for this field are still far away and are not strong at the moment. However, looking at the trend of the market today, I have a little worry in my heart.”

"Oh? What worries?" Xu Zhongji continued to ask.

He Hong responded: "From the perspective of market performance, whether it is active funds on the market or a large amount of incremental funds following up outside the market, in terms of direction selection, they only agree with the key issues of 'infrastructure' and 'state-owned enterprise reform'. Two main lines, in other words... In the current market, except for the two main areas of 'infrastructure' and 'state-owned enterprise reform', other main directions cannot be unanimously recognized by various funds in the market."

"And this will lead to..."

"If the hype on the two main lines of 'infrastructure' and 'state-owned enterprise reform' comes to an end."

"Then the market is not fully able to take on the market trends of the two main lines of 'infrastructure' and 'state-owned enterprise reform'. The rebound trend of the index, as well as the market's continued money-making effect, I am afraid it will be difficult to continue."

"In other words, when the hype on the two major themes of 'infrastructure' and 'state-owned enterprise reform' has come to an end, the rebound in the entire market will most likely come to an end. The current 'bull market' that is being promoted is probably another lie. Under this situation, the market cannot get rid of the fundamental trend of shock, nor can it form a real sustained upward trend."

The so-called ‘one tree cannot support itself’, He Hong believes, depends solely on the two main lines of ‘infrastructure’ and ‘state-owned enterprise reform’.

It is difficult to support the continued upward trend of the market index, and it is difficult to truly change the macro trend of the market. After all, once the emotional hype reaches an end, with the disappearance of the money-making effect and the amplification of the money-losing effect, the originally radical active funds will They will become cautious again, and the market will fall into a recession of both capital capacity and sentiment, thus ushering in a downward trend again.

And if you want to change this fundamental trend...

Then it is necessary to have multiple main line market trends with strong future expectations, continuous rotation and conversion, and continue the money-making effect of the market. In this way, driven by the money-making effect, the active funds that have entered the market, as well as the potential OTC funds, will Continuously participate in transactions to support and continue the index and the overall market, thus forming a fundamental trend change.

However, judging from the current market situation, He Hong has not seen the emergence of a conceptual field that can take over and undertake the two core themes of 'infrastructure' and 'state-owned enterprise reform'. After all... there are many major financial players in today's market. Tried 'high-low' rotation.

But without exception, they all failed.

Except for the two main lines of "infrastructure" and "state-owned enterprise reform", in other conceptual sector areas, no direction has been unanimously recognized by various funds in the market, thus forming a synergy.

Therefore, even though today’s index has gone out of Ba Lianyang’s momentum, it is still a trend.

But he still has a lot of worries in his heart, and it is difficult to continue to be optimistic about the subsequent market trends.

Xu Zhongji heard He Hong's analysis and thought about it for a while, but he agreed with it. He nodded and said: "Indeed, in the current market, except for the two main areas of 'infrastructure' and 'state-owned enterprise reform', there are no other opportunities to show it. Today I want to All the funds that were used to make the switch ended in failure.”

"Hey...it seems that the 'bull market' is probably a lie."

“With just one or two main lines, the market still won’t go far.”

"However, one should not be too pessimistic..."

Xu Zhongji paused and continued: "No one thought before that the two major themes of 'infrastructure' and 'state-owned enterprise reform' would explode like this, leading the index from around 2100 points all the way to 2400 points now. In a short period of time, The zone brings the entire market to life.”

"In the follow-up, it's better to take one step and see what happens."

"Pay attention to changes in market news, and also pay close attention to changes in positions in the direction of 'Yuhang Investment'!"

"Mr. Su from 'Yuhang Investment' is a genius in market trading. Maybe he can detect opportunities that we can't see."

"With his current seat influence, as long as the market's expectations in a certain direction are gradually strengthening."

"Perhaps, at the critical moment, another major market trend can be found that can mobilize the joint efforts of funds from all walks of life in the market. In this way... the sustainability of the market can be expected."

"Hopefully!" He Hong nodded, "However, under this situation, it is not appropriate for us to continue to increase our positions at high levels."

Xu Zhongji replied: "The established investment strategy remains unchanged. If you analyze it well, then the following period of acceleration of the main line of 'infrastructure' and 'state-owned enterprise reform' will inevitably be a violently volatile market that is not easy to participate in." We don’t have much liquidity left, and there’s really no need to bet all of it.”

"Manager Zhang and Manager Zhao..." He Hong said worriedly.

"There will be an internal investment strategy meeting later. Please share your analysis with everyone. I believe they will clearly understand the current market trend and make the correct investment strategy." Xu Zhongji responded and continued to stare. After seeing the frozen market trends of the two markets, he exclaimed, "This is really a feast for stockholders!"

And when he was filled with emotion and wondering whether Su Yu was aware of the potential risks that might exist in the market, and when Su Yu would exit the position to take profits.

At this moment, Yuhang Investment Company is in the internal trading room.

After some review and analysis, Zhao Lijun also put forward a similar market view to He Hong. He believed that it would be difficult for the Shanghai Stock Exchange Index to truly stand on the bull-bear line of 2,500 points, and believed that the two main market trends of 'infrastructure' and 'state-owned enterprise reform' The hype is almost coming to an end.

"When the market sentiment is unanimously bullish, the market breaks through rapidly, and there are no short voices in the market, you can see potential risk points in the market, which is very good." Su Yu listened to Zhao Lijun's review analysis results. , praised with a smile, and continued, "Indeed, all the support for the market comes from the continuous inflow of incremental funds, and the reason why the incremental funds continue to flow in is because of the continuous money-making effect shown by the market."

“Without the key factor of sustained money-making effect, all so-called market continuations are just castles in the air and vulnerable.”

"The stock price will not rise to the sky. As buyers and sellers compete with each other, speculation will always come to an end."

"The two core main lines of 'infrastructure' and 'state-owned enterprise reform' have kidnapped the market in the short term. The index has been rising from 2100 points. Thanks to the explosion of the two core main lines of 'infrastructure' and 'state-owned enterprise reform', naturally When these two major market trends adjust, and other directions in the market fail to show consistent expectations and money-making effects, the index will naturally enter the adjustment stage."

"So, your judgment on the potential risk point is logically correct."

"However, market investment opportunities are never static, but are obviously dynamic."

"Currently, there is no field that can replace the two main lines of 'infrastructure' and 'state-owned enterprise reform'. There is no other major line to rotate the market. After the downturn in the 'infrastructure' and 'state-owned enterprise reform' main line market speculation, the market continues to make money." , but that doesn’t mean there won’t be any follow-up.”

"The market, sentiment and confidence at this time have actually been heated up by the continuous money-making effect shown by the two main market trends of 'infrastructure' and 'state-owned enterprise reform'."

"That is to say, under the already heated market sentiment and relatively recovering market confidence."

"In fact, it is much easier to find opportunities than when the overall market was in a downturn. In other words... At this time, calmness and caution are appropriate, but pessimism is not necessary."

"Yeah!" Zhao Lijun responded to Su Yu's guidance, "Thank you, Mr. Su, for the compliment."

"Starting from the next trading day, gradually reduce your positions and stop profits." After Su Yu responded to Zhao Lijun, he looked around at the two trading team members in the entire trading room, and then said, "The higher the price, the more you sell, and at the same time, you must avoid the dragon and tiger list. We cannot expose our intentions early, after all, the influence of our fund is already considerable. Once our intentions are exposed in advance, the market trend will change unpredictably, hindering our trading strategy."

Of course, Su Yu made up his mind to reduce his position at this time.

In addition to what Zhao Lijun said today, there was also what he had discussed with Li Meng before. He vaguely felt that the market regulators could hardly sit still, and the restart of the IPO was probably very close.

However, he did not tell everyone at the moment about his judgment that the IPO is likely to restart quickly.

After all, all this is just his guess. Without logical support, there is no need to say it out loud.

"Okay!" Li Meng responded, "In this wave of rebound, we have carried out comprehensive heavy positions on the two main lines of 'infrastructure' and 'state-owned enterprise reform', and we have made a lot of money. Now the two main lines have loosened their chips at relatively high levels. , the sentiment once again turned from divergence to consensus, it is indeed time to slowly stop profits and close when the situation is good.”

The company's two main funds, on the two core themes of 'infrastructure' and 'state-owned enterprise reform', have extremely large market value holdings.

Now that potential risks have been analyzed, it is time to respond in advance.

Of course, it is different from the change in investment strategy made by ‘Yuhang Investment’ after the review...

In the current market, the vast investor group, whether it is online stock forums, financial media comment areas, or social networking sites, many retail investors, institutional analysts, financial influencers... and a series of other people are responding to the violent fluctuations in today's market. After that, it once again hit a new rebound high and firmly held the trend of 2400 points. It is still strongly bullish, and the call for a 'bull market' is getting stronger and stronger, and is increasingly recognized by more and more people. It can be said that no one is aware of it at all. To the potential risks that may exist in the market!