Rebirth of the investment era

Su Yu nodded slightly and said: "In the market, news leakage is unavoidable, and there are always some funds with sensitive information channels who will act in advance."

Li Meng nodded and said: "Indeed, there is no airtight wall in the world!"

"But it doesn't matter." Su Yu smiled and said, "The reform of military industry enterprises and the securitization path of military industry enterprises are all macro-level strategies, which have limited short-term positive stimulation for the stocks of many military industry enterprises. In addition, At this moment, the market is in the midst of a unilateral adjustment trend. The bullish sentiment in the market is quite sluggish, and the market investment confidence is also very sluggish. In this case... this advantage in the military industry field makes it difficult to leverage market sentiment and enter this main line field. The market is continuous, so even though our news channels are relatively backward, the opportunities and time to build positions and gain chips will still be quite sufficient, so don’t be too anxious.”

When Li Meng heard Su Yu's words, he was slightly surprised and said: "You mean, even if the 'military industry' line has good incentives, it will be difficult to get out of the independent market?"

"That's for sure." Su Yu said, "How can the expected trend of consistent bearishness be so easy to change?"

"If this is the case, it will be very beneficial to us who are seriously short of positions in this direction." Li Meng said, "According to your previous judgment, is this a sign of the main line market in the future? And... our new The established 'Yuhang No. 3' main fund should be able to build positions appropriately, right?"

"This change in news is not enough to leverage the entire market trend and restore market investment confidence and long sentiment." Su Yu said, "This is still far from the market turning point and main market opportunity I mentioned before, but In view of our actual position in the field of 'military industry' and the huge capital scale of the 'Yuhang No. 3' fund, it is also possible to build an appropriate position at this position."

"Sold yesterday, bought today." Li Meng smiled and said, "We have gone back on our word."

Su Yu spread his hands and said: "The trend has not changed, it's just that the news has changed slightly. Now that we have some opportunities, it is normal for us to adjust our trading strategies and trading ideas. In the financial trading market , All trading strategies are originally dynamically adjusted with changes in market conditions, changes in emotions and news in all aspects, and the so-called 'seeking a sword at the last minute' in the financial trading market will ultimately lead to failure."

"Okay then!" Li Meng responded, "I'll tell everyone."

After speaking, she followed Su Yu's advice and distributed the trading strategy they had just discussed to all traders in the three trading groups that had been reorganized in the trading room.

"Military industry?" Liu Yuan was a little confused and couldn't help but said, "Master, the market expectations for this sector are quite poor, and the fundamentals of the industry are seriously opaque. It is difficult to research and predict. The market trend of its sector, based on the market's historical reaction, In most cases, the market can move for a period of time only when strong and good news is stimulated. Are we not being cautious enough in laying out this field at this time?"

She knows the company's two main funds and has made extensive investments in this field before.

But the final result is that no huge profits can be harvested from this field, but many other investment opportunities are wasted.

Therefore, she is actually somewhat biased about the layout of this field.

Of course, she believes that the 'military industry' field is not an industry sector suitable for long-term investment. In other words, she believes that this field has only short-term hype value and no long-term investment value at all. This is determined by the attributes and characteristics of the industry. , it does not depend on human will at all.

Similarly, in the market, countless major funds have failed in the military industry.

Factors such as the difficulty in predicting the news, the very limited public disclosure of information in the industry, and the serious opacity of corporate performance are also crucial reasons.

Su Yu responded: "There have been some changes in the news. The logic of short- and medium-term speculation is more or less in place. Coupled with the reasons you just mentioned, the military industry sector has been left out of the market for a long time. Both the valuation and the investor group’s future expectations for this field have hit rock bottom, which has given some impetus for subsequent speculation and expected room for difference.”

"And..."

Su Yu paused and continued: "In the market, there are no stable so-called high-quality investment sectors and low-quality investment sectors. There are only differences in future expectations. When we speculate in stocks, we are not speculating on the fundamentals and performance of the stock. , but the value changes reflected in the difference in future expectations, which is the fundamental and basic logic of profitability."

"I also think that the future market flexibility in the military industry is quite large, and it is worth getting involved." After Su Yu finished his analysis, Zhao Lijun responded, "I agree with what Mr. Su just said, there is no good or bad distinction between stocks and industries. , only the difference in expectations is the fundamental reason for stock price changes, and it is also the basic logic of speculation, and coincidentally... the 'military industry' field should be the area where the current market's expected differences in the future are very likely to cause huge deviations."

"Does anyone else have a different opinion?" Seeing that no one else answered, Su Yu couldn't help but ask.

Wang Can pondered for a while, then raised his hand and answered: "Mr. Su, the market liquidity in the entire 'military industry' field is very limited. This liquidity should not be able to handle such a large amount of capital intervention by our company."

"Just buy as much as you can!" Su Yu said, "This is not the only area we need to deploy. It's just that at this stage, this area is the first to highlight the opportunity to build a position. In other areas, we also need to Keep waiting, waiting for some new opportunities to come.”

"Oh, I understand that." Wang Can responded and stopped talking.

"Mr. Su, if we want to build a position in the 'military industry' field, how should we grasp the idea?" Zhang Guobing, the leader of the 'Yuhang No. 3' trading team, thought for a while and then asked, "According to the midday closing result. He said that the most violent changes in the morning should be the 'China Airlines' stocks and the concept of 'military-civilian integration'. If we...if we build a position, do we need to move closer in two directions?"

Su Yu responded: "No, as long as it is a military concept stock controlled by state-owned assets, you can try to open a position and buy it. There is no need to chase hot spots and popular stocks that move frequently."

"Okay!" Zhang Guobing nodded, and then turned his attention back to the computer interface.

"Aren't you going to make any adjustments in other directions?" Liu Yuan paused, then asked, "Should we keep the fund's dynamic position level unchanged while building a position, or should we not make any other direction and only increase our holdings in 'military industry' Stocks in the field?”

Su Yu replied: "There is no need to change other directions, just increase holdings of stocks in the 'military industry' field."

After continuous reduction of positions in the early stage, the position water levels of the two main funds, 'Yuhang 1' and 'Yuhang 2', have now been reduced to a safe range of less than 50%, so... even if we slowly increase our holdings, For 'military industry' concept stocks, even if the market continues to fall further than expected, the impact on the net worth of the two main funds will not be great, and their investment risks are still within controllable limits.

"Okay!" Liu Yuan responded and stopped asking questions.

Su Yu thought for a while and continued to remind: "For the 'military industry' line, just increase your position slowly. There is no need to chase highs to raise funds. If it rises too high, just wait. There is no need to be impatient. At the same time... everyone Remember to avoid possible dragon and tiger lists, I don’t want our seats and motives to be exposed during the initial position building period.”

"Understood!" Everyone responded in unison, and then started to log in to their accounts and get ready to buy.

As traders in the entire trading room were getting ready to buy, at this time, the market time had unknowingly slid to 1 o'clock in the afternoon. After being suspended for an hour and a half, the two markets once again ushered in a formal continuous trading session. Bidding transaction link.

I saw that after one and a half hours of emotional brewing and news fermentation at noon.

The market has just reopened. Before the market closed at noon, the 'military industry' sector, which moved at the last minute, rose sharply in an instant. The two stocks of 'China Airlines', as well as the two stocks of Hongdu Airlines and Asia Star Anchor Chain, all rose after the market reopened. Within a minute, lightning hit the daily limit.

And with the daily limit of these stocks driven...

At 1:01, the 'military industry' industry sector instantly rose from deep water and entered the top of the growth lists of the two cities, ranking third in the industry sector growth lists of the two cities.

At 1:02, the military industry sector index continued to rise.

At 1:05, only five minutes after the market opened, the military industry sector index rushed to the top of the industry sector growth lists in the two cities.

At 1:11, the military industry sector led the gains in both markets.

At 1:15, following the 'big financial' sector, the 'consumption' and 'pharmaceutical' sectors that had seen frequent changes in the morning, especially the liquor and white goods concept sectors that had been sought after by various funds in the market, began to fall back one after another, and the market hot spots , fully transferred to the 'military industry' field.

At 1:20, the military industry sector index rose by more than 1%.

At 1:25, after the increase in the military industry sector index once exceeded 1.45%, the entire sector began to weaken and showed a clear downward trend.

At 1:32, market hotspots once again appeared extremely scattered. Various risk-avoiding funds, speculative funds, and bargain-hunting funds were attacking everywhere, either in the 'big financial' field, or in the 'consumption' or 'pharmaceutical' fields, or in speculation. In the field of 'military industry', no matter which direction they attack, they cannot form a unified force.

At 1:43, when various funds in the market were still unable to form a unified force, the entire market began to slide into the abyss again.

At 1:51, the Shanghai Stock Index's decline expanded to 2.15%.

At 1:55, the real estate sector's decline expanded to 3.5%, and Kumho Group once again sealed the price limit. Gemdale Group, a mid- and large-cap stock, fell 7% for the first time in the session.

At 2:02, the military industry sector index shrank to within 1% amid the overall market decline. At the same time... the stocks of China Airlines, which once hit the daily limit, and military industry concept stocks such as Hongdu Airlines and Asia Star Anchor Chain , there have been explosive trends one after another. The entire 'military industry' sector, the enthusiasm for capital attacks at the beginning of the afternoon session, is also fading at this moment.

At 2:09, the two cities dived again, and the Shanghai Stock Index's decline expanded to more than 2.3%, once again breaking through 2,250 points.

At 2:15, the Shanghai Composite Index refreshed its intraday low, and the entire market's intraday rebound trend was all reversed at this moment.

At 2:22, except for the 'military industry' sector, the two cities were able to maintain a red market, while the rest of the industry sectors fell underwater. Even the 'banking' sector, which had been extremely strong in the morning, continued to fall at this moment. Related Popular component stocks have also been under heavy selling pressure.

2:30, when the time enters the last half hour of the last session.

Several major market indexes, including the Shanghai Stock Exchange Index, Shenzhen Stock Exchange Index, and ChiNext Index, all hit new intraday lows. The main capital outflows from the two cities totaled more than 10 billion, which is extremely tragic.

At 2:35, the number of stocks in the two cities exceeded 40. Many popular mainline stocks such as 'infrastructure', 'state-owned enterprise reform', and 'GEM growth stocks' were almost all blocked at the limit. The entire market, regardless of relative At the high level, the stocks that had been heavily speculated in the first two months, or the many low-level stocks that had been lying on the floor in the first two months and did not receive any dividends from the continuous rebound of the index, were all heavily sold by the main funds. .

At 2:43, a liquidity crisis began to appear in the two cities. In order to get out of many unpopular stocks as soon as possible, the main funds spent millions to drive the stock price to the lower limit.

"Damn it, look at this, the index must be reached in one step!"

Seeing that the market continued to dive in the late trading stage and a liquidity crisis emerged, at this moment in the Magic City, inside Yinghui Fund Company, in the 'Yinghui No. 1' fund trading room, fund manager Liu Guanhai almost broke out in a cold sweat and sighed with emotion. : "Fortunately, we didn't hesitate and quickly reduced our positions by a lot of chips, otherwise we wouldn't be able to escape this moment..."

"Yes!" Yu Lei, the head of the fund trading team, nodded slightly and responded, "Indeed, fortunately Mr. Liu saw the opportunity quickly, otherwise our 'Yinghui No. 1' fund would have suffered such a unilateral plunge, especially When market liquidity begins to obviously disappear, I am afraid it will be difficult to survive.”

If they had not significantly reduced their positions at the relatively high point of yesterday's market rebound, they would have quickly reduced the fund's position level.

Faced with today's unilateral plunge, I'm afraid they won't have time to lighten up their positions, and the net value of the fund will fall to the preset risk warning level.

in financial trading markets.

At this moment, Yu Lei really had a profound understanding of the saying that "living a long life is far more important than earning more."

"You still have to be in awe of the market!" Liu Guanhai thought of his previous radical operations and felt frightened. He continued, "I never expected that the market would see such a unilateral plummeting trend due to lack of liquidity after the bad news fell. It really seemed like it happened overnight. Time, it’s back to the days when the market crashed in the past!”

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