Rebirth of the Capital Legend

Li Shangfeng thought for a moment and replied, "Based on the past holding history of the fund product 'Hua Yi Expedition 1', Mr. Su from 'Hua Yi Capital' has a pretty good eye for investment. Whether it was the 'white wine' and 'white appliances' sectors at the beginning of the year, or the subsequent 'pharmaceuticals' and 'new energy industry chain' main lines, he got them all right and made the most lucrative profits from each main line with his heavy positions.

I think the other party has continued to increase its holdings in the black metal sectors such as "real estate", "steel", "coal" and "nonferrous metals".

Although we don’t have to follow, it is still necessary to maintain a certain degree of continuous attention. ”

Wang Shujie nodded slightly and replied, "This man's investment vision is really accurate, and his investment style is not static. He knows how to switch styles at the right time. He is really good."

Before the establishment of the fund product 'Huayi Expedition No. 1'.

All investors, as well as those in the Shanghai financial circle who pay close attention to Huayi Capital, believe that after the establishment of the fund product Huayi Expedition No. 1 headed by Su Yi, it will continue his previous style of short-term trading based on bold moves and emotional speculation, or imitate the previous Zexi series fund products and engage in insider restructuring speculative transactions in the market.

But I never expected...

After the fund product was officially established, the other party actually chose the so-called "value investment" path, completely abandoned the short-term trading style of emotional speculation, and thoroughly embraced the market's blue-chip stocks with high blue chips and weights.

This drastic change in trading style has attracted everyone's attention to the institution "Huayi Capital".

As for those who thought they knew Mr. Su from Huayi Capital, they were completely unable to react for a moment.

But now, after more than half a year, I look back at Mr. Su's original choice of Huayi Capital and his switch in trading style.

This is undoubtedly quite correct.

In fact, the entire market's investment style switch and main market trend switch also started with the change in trading style of the helmsman of the institution "Huayi Capital".

You know, there are well-known fund managers in the industry, or star fund managers.

It is quite impressive to have a mature trading system and investment philosophy and to be able to accurately grasp a certain style of investment in the market.

However, Mr. Su from Huayi Capital.

However, it can respond with different investment strategies at different stages of the market, and no matter which investment strategy is used, it can be used with ease.

This is really admirable.

"I heard that Manager Yang of our company's 'New Energy Industry Growth Hybrid Fund Product' has already been adjusting the portfolio accordingly." Li Shangfeng paused for a moment and said, "I'm thinking that if we don't take the initiative, it will be difficult for our fund to maintain its leading position in the second half of the year!"

"Why, the fund product that Manager Yang is in charge of is also imitating the institution 'Hua Yi Capital' recently, continuously reducing the stocks in the main line of 'new energy industry chain' and increasing the stocks in the main line of real estate?" Wang Shujie said with some surprise, "Isn't the fund they manage an industrial investment fund? Isn't this deviating from the main line of industry investment, isn't it nonsense?"

Li Shangfeng said: "There is no way. Since Huayi Capital publicly reduced its holdings and stopped profit, the corresponding stock trends of the core theme of 'new energy industry chain' have been extremely weak and continued to underperform the market index. In addition, due to the influence of Huayi Capital in the market.

Previously, many major institutions had invested heavily in the main line of the "new energy industry chain".

They are all following the trend and continuing to reduce their holdings.

This has led to a serious lack of buying power on the main line of the 'new energy industry chain'.

In addition, the market trend is weak and liquidity is relatively scarce, so there is even less market to look forward to in the 'new energy industry chain'.

Now, the 'new energy industry chain' has basically become the main area where the main funds in the market are selling most severely.

At present, everyone can see that there is no market for the main line of 'new energy industry chain'.

Staying and locking the position will only result in continued losses.

Well, as the 'New Energy Industry Growth Mixed' fund product managed by Manager Yang, who previously had a heavy stake in this main line, naturally has no reason to continue locking up the chips of this main line, allowing the fund's net value to experience a continuous and substantial decline.

However, he asked traders to follow suit and buy core stocks in the "real estate" sector.

I didn’t expect that they would continue to follow the lead of Huayi Capital.”

Hearing that competitors in the same company were changing their trading strategies in order to improve the performance of fund net value, Wang Shujie paced back and forth in the trading room and asked, "Shangfeng, excluding the influence of Huayi Capital, and analyzing only from the investment logic and expectations, what do you think of the cost-effectiveness of the core sector of 'real estate' at the current position and market node? Compared with the liquor, pharmaceutical, and white appliances sectors, which one is more undervalued and which one is more cost-effective?"

Li Shangfeng thought for a moment and said, "In terms of future certainty and stability, I think the liquor, pharmaceutical, and white goods sectors, and the corresponding core leading stocks, will definitely be better. But in terms of expectation gap and stock price explosiveness, the current industry fundamentals have just reversed, and the core leading stocks of the real estate sector, which are naturally leveraged, and the beneficiaries of the 'supply-side reform', which are already at the bottom of historical valuations, are likely to outperform expectations and valuations, and some of the liquor, pharmaceutical, and white goods sector leading stocks have already delivered."

"According to what you said..." Wang Shujie paused and said, "We should free up some positions and invest in some core high-quality leading stocks in the real estate, steel, and coal sectors, right?"

Li Shangfeng said: "I am only analyzing from a pure trading perspective, which may not be correct. In fact, from the current perspective... the core leading stocks of the real estate, steel, coal, and nonferrous metal sectors that have frequently moved in recent trading days are more like a standard left-side buying point. There is explosiveness, but the certainty is obviously insufficient. I think we can now either maintain the previously established trading strategy or change the trading strategy and free up some positions to diversify investments in the industry leading stocks of the real estate, steel, and coal core sectors."

"The buying point on the left..." Wang Shujie smiled and said, "That's a good point. This position does look like a buying point on the left."

"Then what about us..." Li Shangfeng asked tentatively.

Wang Shujie thought about it and finally said: "The market is weak, and the buying point on the left is very likely to be a trap. Since the trends of these major main lines have not yet been fully formed, the main funds of various parties have not yet formed a consistent bullish trend in these major main lines.

So, let's just continue to wait and see.

It’s not too late to make a decision after the trend emerges and the buying point on the right is confirmed.

Although the core hot spots of the market and the main attack direction of funds in the past two days have continued to converge on sectors such as real estate, steel, coal, nonferrous metals, and construction.

But the core leading stocks in the previous sectors such as liquor, white goods, medicine, and hydropower.

Its trend has not broken.

Moreover, there was no continuous withdrawal of large funds from the corresponding core leading stocks, and the selling pressure on the market was heavy, with a significant increase in volume.

This shows that the overall upward trend in our current main areas of heavy investment is still there.

Moreover, the internal chip structure has not shown any signs of loosening.

Since the trend is still there, there are expectations for the future, and the stock price has not yet fully met expectations, then... naturally you can continue to hold it.

Even under the strong guidance of the institution "Huayi Capital".

The 'real estate' sector has become the core theme of market speculation, launching a round of sustained market trends.

The stocks we currently hold will not lag behind the market too much. No matter how the market moves in the future, we still have a high degree of initiative. "

"Okay." Li Shangfeng nodded in response, "Then let's see how the market situation will develop next."

After saying this, he turned his attention back to the frozen market conditions of the two markets.

While the two of them were discussing, it was already around 5 o'clock in the afternoon and the Dragon and Tiger Lists of the two cities were updated.

According to the latest disclosed Dragon and Tiger List data.

It can be seen that the institutional seat of 'Huayi Capital', which bought heavily on the list yesterday, namely 'Huaxin Securities Magic City Financial Street Fuxing Road Branch' is still on the list. It has bought a total of 2.17 million funds on the popular stocks in the real estate, coal and steel sectors.

At the same time, this seat also appeared on the selling list of the stock "Dofluoro" which hit the daily limit today.

"Sure enough, I said it, today's plunge in the market was definitely not caused by President Su."

After seeing the disclosed data of the Dragon and Tiger List of the two cities, many topics about the Dragon and Tiger List instantly appeared on the online stock investment discussion platform.

Among these topics...

The discussion on the sale and purchase of the "Fuxing Road" seat is still an absolute hot topic.

"Sell 'Do-Fluoride' and continue to increase holdings of 'Pingmei Energy'. It seems that Mr. Su is really optimistic about the real estate and coal sectors."

"Looking at this situation, it seems that Mr. Su wants to make real estate and coal into the liquor and pharmaceutical sectors of the first half of the year. Mr. Su continues to buy... This is definitely a sustained long bull market!"

"The 'Fushan Group' has lost a lot of money today. It really has no pattern."

"However, apart from Mr. Su's seat, the number of other institutional seats on the list of stocks in the real estate, coal, and steel sectors today has decreased compared to last Friday!"

"It seems that the institutions have not yet reached a consensus on these core themes."

"Why do I feel like Mr. Su is dragging the market forward all by himself? The market has already been revealed. Aren't these institutions too cowardly?"

"I'm afraid it's hard for President Su to handle this alone!"

"Overall, on the Dragon and Tiger lists of the two markets today, large funds are still net sellers. It is estimated that the market trend will fluctuate in the next two days."

"The selling pressure from profit taking and stop loss is still too great."

"It all depends on Mr. Su's vision. If Mr. Su continues to increase his holdings, the market will definitely pick up."

"I'm afraid that once President Su becomes the only one in the market, other big funds will take a detour."

"No, the stocks that Mr. Su buys generally have strong basic logic. If other funds want to make a move, they can't avoid it. Moreover... with the influence of Mr. Su's seat, as long as the underlying logic is correct and future expectations are getting stronger, we retail investors can also lift the sedan chair without the need for other major funds to carry it."

"Even if the market trend continues to fluctuate, the index will not fall much further given its current position."

"Although the real estate, coal, steel, and nonferrous metal sectors have fallen back a lot after rising today, and there have been considerable divergences in the market, I think as long as Mr. Su continues to increase his holdings, there shouldn't be a big problem. Even if there are many people chasing highs today, I believe they will be able to get out of the trap soon. However, the main line of the 'new energy industry chain'... is really not optimistic!"

"Mr. Su is clearly determined to reduce his holdings in the main line of the 'new energy industry chain'."

"'Dofluoro', the core stock of the 'new energy industry chain', hit the limit down today, which is really a bit hurtful."

"Mr. Su's seat didn't actually sell much money on the stock of 'Do-Fluoride' today. The ones who dumped the stock... were institutions."

"The line of 'new energy industry chain' must be avoided for the time being."

"In a bear market, you either don't do anything, or if you do, you have to follow the hot funds and focus on the core theme of the market."

"That's right, either go short or focus on the main line."

"Although the 'Fushan Group' sold a lot of goods today, overall, the market is still able to take them. I am firmly optimistic about the subsequent market conditions and will firmly follow President Su in going long."

"I will continue to buy Pingmei Energy shares tomorrow. I think this round of 'coal-fueled' market has just begun."

"Mr. Su is a beacon of the market. As long as Mr. Su is still heavily invested and fully invested in the market, we should focus on the main areas where Mr. Su is attacking and buy boldly."

“I don’t know if you have noticed that the overall market style is clearly shifting towards the core stocks of the market.”

“This year’s big tickets are indeed doing much better than the small tickets.”

Along with the discussions of many retail investors, there were also private discussions among countless other hot money and institutions that were paying attention to the "Fuxing Road" seat.

The entire network, the entire market, and almost all investors are still paying attention to the stock market.

Regarding the main sectors of "big infrastructure" and "black series" such as real estate, steel, coal, nonferrous metals, construction, etc., which Huayi Capital continues to increase its holdings, and their corresponding core stocks, the expectations in people's minds and the expectations for the market performance of these main stocks in the future are also slowly changing.

At the same time, it is not just the capital institutions in the mainland.

Even in Hong Kong, many Hong Kong-funded institutions and foreign institutions have gradually begun to turn their attention to the frequently moving Hong Kong-listed domestic real estate stocks and to the mainland real estate market, which has become a raging fire and where housing prices are rising rapidly.