Rebirth: The Financial Giant

Chapter 193 [Layout of small and medium-sized caps 300 (guaranteed 12)]

The Tiansheng Small and Medium Cap 300 Index also started to build positions in April. The 300 constituent stocks have eaten up about 120 billion yuan of funds. It just so happened that the funds from the five major trust institutions received this time will also arrive one after another.

April is the best period for opening positions, not only the market adjustment stage, but also the beginning of the second quarter.

In this way, for a period of time in the future, the target of opening a position will not appear on the list of shareholders in the first quarterly report of the listed company. In each quarterly financial statement, the company must apply for the company's shareholder data from the China Securities Regulatory Commission, and request The latest top ten shareholders and top ten tradable shares are disclosed.

When Lu Ming invests in small and medium-sized companies, he has to invest an estimated 120 billion yuan in 300 constituent stocks. Basically, they are among the top ten tradable shareholders, and they are proper major shareholders.

If it gets involved and appears in the first quarterly reports of major listed companies before April, it will be bad. If the position is not established, funds will definitely come to do things and raise money, and it will be very passive at that time, which will be embarrassing. .

Lu Ming has carefully screened 300 constituent stocks in the past month, such as Fangda Special Steel, Hanrui Cobalt, Xinggang Co., Ltd., Sangang Minguang, Taihe Group, Liugang Co., Ltd., Guangyu Development, Amintong Co., Ltd., Huaren Pharmaceutical, Puli Pharmaceutical, Anke Bio, etc.

If Tiansheng Shang 50 and Tiansheng Shen 100 are ballast stones, the assets are too large, the shareholding ratio is more than 5%, and there are a large number of more than 10% that cannot be easily tampered with, Tiansheng Small and Medium Cap 300 It is possible to repeatedly jump horizontally in the big A stage.

Because the investment ratio of each constituent stock of the small and medium-sized cap 300 must be strictly limited to within 5% of the company's total share capital, this is an iron rule, even if it increases several times, it cannot exceed this ratio, unless it is able to break out of the encirclement and be selected. The CSI 300 Index qualifies as a white horse stock.

There is no doubt that the risks of small and medium-sized caps are great, and the volatility is huge, but as long as trend trading is done well, the return on investment will definitely be higher than that of Tiansheng Shang 50 and Shen 100.

These three investment matrices are the core assets of Tiansheng Capital in the future. Lu Ming's goal for Tiansheng Shang 50, Tiansheng Shen 100 and Tiansheng Small and Medium Cap 300 is to maintain the trend of the yield curve of the three portfolios. The rising channel of the rising relay.

No matter how many years the market will have to play around 3000 points, these three major combinations follow their own independent trends and go out of the bullish trend like the US stock market. It can be said that these three major combinations are truly taking the essence of Big A and getting rid of its dross.

Regarding the issue of controlling the drawdown, Lu Ming also has his own baseline. The maximum drawdown is controlled within -25%.

Lu Ming has considerable confidence in the control of the withdrawal.

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At the beginning of April, after the market adjusted for a week, the share price of Tiansheng Holdings reached a new high again, reaching 9,927.38 yuan per share, with a total market value of 794.19 billion yuan, and its share price is about to stand at the 10,000 yuan integer mark.

At the same time, Beishang Capital has maintained the trend of buying, buying and buying in the past two months, as if the bullets are infinite.

Watching the big blue-chips slowly walk out of the upward trend, the big blue-chips are doing well on the whole for more than a month without realizing it, which makes the investors who are waiting for the market to hit 3,000 points before entering the market feel tormented.

The broader market couldn’t keep falling, the theme also went out, and the small and medium-sized caps continued to pull their hips. The entire market was basically rising with blue chips represented by the “Tiansheng 150” portfolio. Can't go down, but small-cap stocks continue to decline.

During this period of time, the life of hot money was not easy. The successive shutdown of the subject stocks caused a lot of hot money to lose money. The reason is that the market is under the general trend of stock competition, and the funds in the market are heading north in the rhythm of capital and institutions. inflow of enterprises.

Investors who have been short positions outside the market for more than a month saw that the market did not come down. Instead of going down, it stood at 3,300 points again, and it still rose in heavy volume.

Investors who are guarding the small and medium-sized board watch the broader market not fall, and their votes are chattering, but the blue-chip stocks with heavy weights continue to rise. Big Vs are also analyzing and advocating scarce assets and embracing big blue-chips.

For more than a month, the white horse big blue chip has indeed risen very well.

It is impossible for investors who have stepped on the air to say that they do not regret it. Mao Ti is almost breaking through 400 yuan.

But investors are still holding on to it, no matter how much institutions advocate beauty with big, core assets, because everyone has not forgotten the stories of those institutions that advocated beauty with small, high growth, the result I believed this story back then, but now it's an accident.

The institutions turned their heads and began to play the tune of core assets, greatness is the beauty, which was greeted with scolding from investors. Most of the small and medium-sized investors who were trapped continued to be iron-clad and did not want to be carried by the rhythm of the institution.

Because I'm really afraid, I'm afraid that after cutting the flesh and listening to the big and beautiful story, I will be cut again, cut repeatedly, cut back and forth, who can stand this horse riding!

In short, the current situation is that no matter what the institution says, investors simply choose to ignore it.

It can be seen from this that when the market has not reached the freezing point of despair, most people can still carry it for a while. .

With the passage of time, after entering April, the big A finally ushered in a change, and the market has received definite news, that is, the central bank has expressed its attitude of tight money and tight credit. At the Boao Asia Forum, the central bank also To put it bluntly at the tail end of the easing cycle, tightening in the future is a major trend.

In fact, the central bank raised the interest rates for reverse repurchase and MLF operations at the end of January and early February this year, and raised the interest rates for reverse repurchase and MLF operations by 10 basis points respectively last month.

The downtrend started on Friday, April 14.

After confirming that Mother Yang was really about to be weaned, Big A lay down without any struggle.

On the weekends and weekends, even more bad news strikes. The news comes that the Bank of China will further strengthen deleveraging, the central bank's balance sheet will shrink, the China Banking Regulatory Commission will tighten bank outsourcing, inter-bank business and other businesses, and crack down on the rapidly expanding shadow banking. ; The China Securities Regulatory Commission checks the capital pool and wealth management business of securities companies; the China Insurance Regulatory Commission regulates the investment business of insurance companies.

The news on weekends and weekends is that the regulators have stepped up efforts to remove channels, de-leverage, shrink the shadow banking chain, reduce the circulation of funds in the body, and increase supervision on a series of institutions such as trusts, private equity, and fund subsidiaries.

On next Monday, Big A also responded to the bad news on the weekend with practical actions, directly gapping down and continuing to kill, with banks, brokerages and insurance as the leading financial three foolish sectors taking the lead in diving.

These three major sectors fell together, and it is impossible for the big A to withstand the pressure of the next kill.

Tiansheng Holdings in the brokerage sector has also entered a continuous correction at the weekly level after hitting a new high. As the first brother of the brokerage sector, Tiansheng Holdings has made continuous adjustments to tell the market that the securities sector will only fall and not rise, and there may not be brokers to support the market. Plates, but smashing plates will not be absent.

The regulatory authorities have checked a series of institutions such as trusts, private placements, and fund subsidiaries. These businesses all involve the flow of funds. Previously, these funds were invested in the stock market and bond market through direct or indirect channels.

These businesses are now facing shrinking or cleaning up. In order to recover cash, institutions are forced to sell stocks and bonds. This is the direct reason for the market slump.

Lu Ming, who holds a large amount of liquid cash in his hand, is very happy. Tiansheng Capital's funds are all right, and every sum of money is very healthy.

This pit has been waiting for more than two months. It is just for Tiansheng small and medium-sized cap 300, which has not yet established a position. Big A has already laid down and gave up struggling, so what are you waiting for? Just do it hard and you're done!

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