"The market trend has completely changed! Hey..."
In the Magic City, inside Yinghui Fund Company, in the 'Yinghui No. 1' fund product trading room, fund manager Liu Guanhai sensed the sudden change in market investment sentiment. His face was bitter, and he sighed helplessly: "Sing more 'tech growth'" Damn the institutional community on this line.”
Originally, the core holdings of their fund were adjusted to the main board's "big infrastructure" direction.
However, due to the clear market view signals revealed by various institutions at the Magic City offline investment strategy meeting not long ago, as well as the continuous strong trend of 'tech growth' stocks in the market in recent days, there are also factors from the news, sentiment, and external factors. The continued stimulation of market trends caused him to hurriedly adjust the fund's core holdings to the core concept stocks of "Technology Growth" with strong growth.
Even this morning, he was still asking traders to increase their positions in many core concept stocks such as LeTV, Wangsu Technology, and Huayi Brothers.
Looking back on the fund holding history over the past six months.
The 'Yinghui No. 1' fund product under his control can be said to have continuously stepped on the wrong market rhythm, and was slapped back and forth in the main market layout.
The first quarter was due to the strong performance of 'Apple Concept' at the beginning of the year.
The 'Yinghui No. 1' fund product can be described as a full position in the two main core stocks of 'smartphone industry chain' and 'mobile Internet', which were strong in the second half of last year.
There is no doubt that the 'Apple concept' failed to recover after a period of performance at the beginning of the year.
The fund product he was in charge of saw the market continue to decline in the first quarter, especially the two main lines of the 'smartphone industry chain' and 'mobile Internet', which were adjusted wildly. It happened to completely suffer the most severe decline, resulting in the fund's net value There was a serious retracement in the first quarter.
Then, when the time entered April.
Due to his misjudgment on the main line of the main board, "Big Infrastructure", he did not have time to intervene in the early stage of the "Yuhang System", a big fund, to take advantage of the favorable east wind to wildly boost this main line. He completely missed the opportunity. All previous market gains were accounted for.
Then, as the time approached May, the "big infrastructure" was in full swing and continued to skyrocket.
After he saw clearly the fundamental logic of the 'big infrastructure' line, he finally made up his mind, decisively adjusted his position, and heavily invested in this field.
However, when he adjusted the fund position to 'big infrastructure'.
I haven't even been happy for two days. After the sharp rise in May, the line of "big infrastructure" quickly plummeted, trapping him on the top of the mountain again.
After that, the market continued to adjust through mid-to-late May and early June.
The net value of the 'Yinghui No. 1' fund fell to a new low for the year, and the retracement was extremely serious.
Later, the market conditions picked up after the Dragon Boat Festival, and the main line of "big infrastructure" regained its momentum. At this time... he was still determined that the "big infrastructure" line would perform well and quickly regain lost ground. However... Just when he was full of confidence, he did not expect that the 'big infrastructure' line, which he was optimistic about and which the fund had a heavy position in, fell into adjustment again, and the Shanghai Stock Index was trapped below 2300 points, unable to break through.
As the market goes sideways for a longer period of time, at the same time, the benefits of 'film and television media' turn out to be great, and the main line of 'technological growth' explodes in an all-round way. Coupled with the influence of the Magic City offline investment strategy conference, almost the vast majority of the entire market Investment institutions have begun to be strongly bullish on the main line of 'technological growth'.
As a result, when he was eager to change the trend of the fund's net value and restore the confidence of investors who invested in this fund, he blindly cut off the core of the 'big infrastructure' field that was stuck in a state of adjustment and had been slow to rise. Component concept stocks all moved their vacated positions back into the 'technological growth' line.
And now...
There is no doubt that based on the actual market trend feedback, he was at the wrong pace again.
After continuous investment strategy mistakes, now, the annual net value of the 'Yinghui No. 1' fund product he is in charge of has dropped to 21%. Compared with the Shanghai Stock Index's nearly 12% increase this year, it can be said to be extremely bad. In the country In the private equity product performance ranking list, let alone competing for ranking, whether he can continue to be a fund manager is still a huge question.
"Why……"
Thinking of the consecutive poor operating strategies in the past six months, Liu Guanhai couldn't help but sigh again. The sullen feeling in his heart was so sullen that he couldn't even let it out even if he wanted to.
In the past, he also ridiculed the 'Yuhang Department', which was the main source of funds, because it was just taking advantage of luck.
Now look, he is the real clown.
"Mr. Liu, are we going to adjust our strategy again and move our position in 'technological growth' back to the main line of 'big infrastructure'?" Seeing Liu Guanhai in a very bad mood, the trading team leader Yu Lei thought After thinking about it, he made a suggestion, "Actually, I think... our previous trading strategy was not wrong. We should stick to the line of 'big infrastructure'. After all, the Shanghai Index breaks through upward without relying on the line of 'big infrastructure'." There is no room for expansion, and the basic investment logic and fundamental changes in the 'big infrastructure' line, as well as long-term investment expectations, have remained unchanged compared to before."
"And..."
Yu Lei paused and continued: "Today the market has really confirmed the opportunity for the wind direction to change. That is, the market's high and low switching has just begun. If we are more decisive, we will actually have enough time to keep up with the market changes, at least There will be no resistance for the Shanghai Composite Index from its current position to the 2,500-point pressure mark, and the 'big infrastructure' line will definitely continue to rise in the future."
"The closed period of our 'Yinghui No. 1' fund ends in September."
"Now if we change our trading strategy and keep up with the main line of the market, we still have a chance to recover the severely fallen net worth."
"Do you think we should adjust our positions to pursue the 'big infrastructure' line?" Liu Guanhai felt a little better under Yu Lei's comfort. He looked up at the other party and asked, "What if...we adjust our positions and pursue it?" Are you chasing the high point again?"
Looking back on the trading history of the past six months, every time they adjusted positions to pursue, they ended in failure.
If they had always adhered to the line of 'technological growth', or in other words, had always adhered to the line of 'big infrastructure', their fund's net loss would not have been so serious at all.
As the saying goes, too much movement makes too many mistakes. The trading process of their fund in the past six months really fully illustrates this sentence.
Yu Lei thought for a while and said: "I think we should not be trapped by the wrong trading strategies of the past. We should look more at the present and see the actual market trends, expectations, and emotional changes, and then... To make truly correct trading moves.”
“Judging from the actual trends, expectations, and emotional changes in the current market...”
"There is indeed no main line that has the momentum and expectations of the 'big infrastructure' line. At the same time, this line, under today's large-scale volume trend, has also formed a substantial upward breakthrough trend. At present, we are not optimistic about it from an emotional perspective. , financial aspects, and K-line technical analysis, we can all determine that the line of 'big infrastructure' is the most suitable and main line investment direction with the greatest investment potential in the overall market performance."
"Mr. Liu..."
Yu Lei's eyes were firm, he paused for a moment, and continued to persuade: "We must change the wrong trading strategy before, at least we can no longer put the main position direction on the 'technological growth' line, the 'technological growth' line After today’s trend, there is no upward momentum in the short and medium term.”
"If we don't make changes, I'm afraid the net value of the fund will continue to fall, which will be obviously detrimental to you and all of us."
Liu Guanhai listened to Yu Lei's continuous analysis of the market and thought about it for a while. Although he did not agree with Yu Lei's point of view, he could indeed see that "Technology Growth" had a trend of diving from high to high and falling in volume at the same time. There was a total flight, and buying funds were completely siphoned off by the re-emerging main line of 'big infrastructure'. In terms of short- and medium-term trends, there was really no chance, so I couldn't help but sigh again: "Okay, now that we have reached this point, we can only A dead horse is a living horse. Next Monday, we will cut off the chips on the main line of 'technological growth' and chase higher to get back the chips we lost on 'big infrastructure'. Whether we live or die depends on these two months. "
Seeing that he had finally made up his mind, Yu Lei breathed a sigh of relief and began to sort out the fund's position data, and combined it with the closing results to formulate a specific investment and transaction plan for next week.
But when Liu Guanhai was depressed and reluctantly decided to adjust his position again.
In another fund trading room next door to him, Shao Xiaoyun, the fund manager of the 'Yinghui No. 2' fund product, also had his brows knitted together. He gritted his teeth bitterly and said, "Damn it, 'Yifangda'" Mr. Gao tricked me and asked me to increase my positions on a large scale in the two main areas of 'film and television entertainment' and 'domestic software', causing me to completely lose my bargaining chip on the main line of 'big infrastructure'. Not only was it perfect I missed out on today’s market and got trapped in the two lines of ‘film and television entertainment’ and ‘domestic software’.”
"Mr. Shao, what should we do now?" Trading team leader Liu Changling asked, feeling very depressed.
Shao Xiaoyun was so angry that he cursed himself that he really shouldn't have listened to the inside information. He responded: "What else can I do? Everyone can see that the line of 'technological growth' is dead. Let's liquidate our positions without thinking next Monday." , Damn, I’ve completely missed the market for the ‘big infrastructure’ line, I really hate it.”
Before, he was following the 'Yu Hang Group', the main force in making orders.
Unexpectedly, this time...
He just had doubts about the main capital layout of the 'Yu Hang Group'. As soon as he had a little sense of independence, he was quickly slapped in the face by the market, causing the fund's net value to buck the trend and retreat rapidly.
"It seems that we have to follow Mr. Su from the 'Yuhang Department' to have meat to eat!" After pondering for a while, Shao Xiaoyun thought to himself, "Compared with this Mr. Su, what are Mr. Gao, Mr. Shan, and Mr. Ning? Mr. Zhao, Mr. Zhao...are all a fart, no, not even a damn fart!"
same……
When Shao Xiaoyun comprehensively reviewed the market performance and was filled with anger, he decided to decisively close the 'technological growth' line.
A series of institutional groups such as Modu Xin'an Financial, Yanjing Anlan Fund, Yuhang Minghui Capital, Yuhang Anzhao Fund, Yuhang Bank Public Fund, Shenzhen First Securities Self-operated Investment Department... have analyzed comprehensive market performance and sentiment expectations. After that, they all focused their attention and the focus of the next transaction on the 'big infrastructure' and 'military industry' fields where the main funds of the 'Yu Hang Group' are heavily concentrated.
And everyone unanimously focused on the main line of the market, 'technological growth', which was extremely strong in early trading.
Everyone began to take a rather pessimistic view.
Of course, at the moment when countless institutional groups secretly adjust their trading strategies, re-analyze the two main lines of investment in 'big infrastructure' and 'military industry', and firm up their investment logic, the public financial market information performance.
The investment consultants and chief analysts of various securities companies, as well as market financial influencers, stock commentators, and even many financial media reporters have also changed their tone and begun to talk about the "big infrastructure" and "big infrastructure" in the direction of the Shanghai Stock Exchange Main Board. According to the "military industry" market, many people, based on Su Yue's public speech on the market not long ago, called for a "bull market" and radically called on off-market investors to enter the market.
Just when the market sentiment turned sharply, discussions among market investor groups became more and more intense.
Market time finally arrived at 5:30 pm.
With countless pairs of eyes watching, the much-anticipated Dragon and Tiger List of the two cities was refreshed. There were nearly 2,000 stocks participating in transactions in the entire market, and a total of 31 stocks were on the list. Among the stocks on the list, they tended to be small and medium-sized stocks. , the main line concept stocks of 'technological growth' on the GEM, and the two main line concept stocks of 'infrastructure' and 'military industry' that are biased towards the main board, each accounting for 50% of the share.
Among them, 6 of the top ten stocks that investors in the two cities are paying attention to are on the list.
Of course, the main fund-related trading seat of the 'Yu Hang System' that everyone is most concerned about and is looking forward to the most, that is, the trading seat of 'Fortune Road', continues to be on the dragon and tiger lists of the two cities today, appearing in 4 stocks on the list of buying and selling seats.
"Damn it, Mr. Su's 'road to wealth' is still selling LeTV stock today?"
After the Dragon and Tiger list was refreshed, everyone saw that the 'Fortune Road' seat was once again on the list, and it was on the buying and selling seat list of 4 stocks. Not only the discussion among the retail investors group exploded, but also the discussion in the main hot money group of Yuhang where Su Yu was located. The heat also exploded instantly, and countless friends were shocked.
"The most shocking thing is not that Mr. Su's 'Fortune Road' is still selling LeTV." Someone said in great surprise, "It's that Mr. Su actually increased his position in the 'Fushun Special Steel' check today, and' Mr. Su also participated in MCC's check with a very high amount of chips!"
