Rebirth of the Capital Legend

Chapter 238: Buying at the bottom with 200 billion yuan of funds!

Accompanied by Su Yi's sweeping purchases.

On the market, "Qianzhou Moutai", which had been falling rapidly along with the market, stopped falling instantly and began to show a pattern of rising against the trend with large volume.

At the same time, the entire 'Hua Yi Expedition No. 1' fund product plans to focus on building positions in other main line stocks.

For example, a number of stocks such as 'Wuliangye, Luzhou Laojiao, Jincheng Fenjiu, Conch Cement, Oriental Yuhong, Tianqi Lithium, Ganfeng Lithium...' also showed continuous huge buying orders on the market. Under Su Yi's instructions, traders continued to buy in against the sell orders on the market and frantically bought up the chips.

At 2:05 p.m., the Shanghai Composite Index plummeted by more than 5%, breaking through the 2700 point mark. More than 800 stocks in the two markets hit the limit down. However, at this time, the core weight stock "Qianzhou Moutai" bucked the trend and rose by more than 4.76 points despite a minimum intraday plunge of 3%, returning to within the 2% decline range. In the same period, several industry-leading stocks in the "white wine" sector all rose against the trend.

At 2:23, when the Shanghai Composite Index plummeted by more than 6%, thousands of stocks in the two markets hit the daily limit again.

'Qianzhou Moutai' successfully bucked the trend and turned red with a continuous surge of over 3 million in half an hour, and led the index decline of the 'white wine' sector to less than 1.5%, making it the concept sector with the highest net inflow of large funds in the two cities in the past half hour.

At 2:31, 'Qianzhou Moutai' rose by more than 1% against the trend, and the stock price approached the 200 yuan mark again.

At 2:42, 'Qianzhou Moutai' continued to rise, with the intraday increase exceeding 3%, and the stock price returned to the 200 yuan mark. At the same time, several first-line liquor stocks such as 'Wuliangye, Luzhou Laojiao, and Jincheng Fenjiu' all turned red and rose, and a number of other liquor brand stocks also followed suit, quickly reducing the intraday decline.

And this time...

In just one hour, 'Qianzhou Moutai' surged by nearly 10%, successfully breaking through and topping the list of gains among the A50 index stocks.

The entire market, a number of core investment institutions in the industry, and a large number of retail investors on the market.

Finally, I noticed the unusual movement of this heavyweight stock.

"Fuck, what's going on with 'Qianzhou Moutai'? Why is it rioting so violently against the trend?"

As more and more investors turned their attention to the stock of 'Qianzhou Moutai' and the 'white wine' sector, Jia Yongxiang, the head of the 'Huarui Performance Growth No. 1' fund product trading department at 'Huarui Fund Management Company' in Shanghai, noticed the trend of 'Qianzhou Moutai' and looked visibly shocked.

"What's wrong?" Fund manager Song Shaopu asked hurriedly when he heard Jia Yongxiang's exclamation.

Jia Yongxiang still stared at the stock price changes of Qianzhou Moutai and its market trend, and responded: "The trend of Qianzhou Moutai and its liquor sector is obviously a bit abnormal. Judging from its market trend, the big funds involved in Qianzhou Moutai and the liquor sector are rushing to buy against the trend. I don't know if there are any potential benefits for this sector and the liquor industry."

When Song Shaopu heard this, he quickly turned his attention to the trend of the stock 'Qianzhou Moutai' and said in surprise: "This unusual movement... is really scary. The intraday volume continues to surge, and the stock price continues to rise against the trend. It really seems like a big fund rush to buy shares driven by good news."

"Then do we... need to follow up?" Jia Yongxiang asked.

Song Shaopu thought for a moment and said, "Wait a minute, let me ask the company's strategic research department if there is any potential clear good news for the industry."

Having said that, he immediately dialed the number of the company's strategic research department.

Then, a minute later, he hung up the phone, but he couldn't help but frowned and said, "According to the company's channel information, I didn't find any clear good news for the industry. The unusual movement of the 'white wine' sector in the afternoon is too strange, isn't it?"

"Is there no unusual news?" Hearing this, Jia Yongxiang was obviously a little surprised.

Song Shaopu shook his head and said, "There is indeed no unusual movement in the news, and... I noticed that on the market, except for the leading stocks of the liquor industry such as 'Qianzhou Moutai', 'Wuliangye', 'Luzhou Laojiao', 'Jincheng Fenjiu', the movement of other liquor stocks is not very obvious. In addition, the movement of other consumer stocks in the entire 'big consumption' main line is not obvious.

This shows that at this time, funds are aggressively buying up the stock chips of "Qianzhou Moutai" on the market.

It should be the behavior of individual major funds.

This also indirectly shows that the market has not formed a relevant synergy in the "white wine" industry sector, the "big consumption" main line field, and even in the direction of the long market trend. "

"Yeah, I noticed that, too." Jia Yongxiang nodded and said, "Then according to what you said, Manager Song... we should still observe and not rush to follow up?"

Song Shaopu responded: "Let's wait and see. The overall market trend is still very weak. Although there has been a sharp drop today, the volume is obviously not enough. Stop-loss orders and margin orders have not been completely cleared. I estimate that this is not the bottom of the technical side yet.

In this situation……

There is no clear positive news, and it relies on the actions of one or two independent funds.

It is still difficult to induce the market to form a joint long-term situation by forcing a main market trend or forcing some key core stocks.

In other words, there is no consistent coordination of funds across the entire market.

The current market liquidity dilemma and the reversal of market investment sentiment cannot be solved by simply relying on the strength of an individual sector or the counter-trend rise of one or several heavyweight stocks.

Moreover, this is the relative bottom range of the market.

There are many suitable buying points for large-cap stocks such as 'Qianzhou Moutai', 'Wuliangye', 'Luzhou Laojiao', etc.

We don't need to rush to follow the trend and grab shares.

Let's wait and see, and wait for a clearer opportunity to enter the market and buy at the bottom, and control the net value drawdown of our fund.

This is the most important thing for us right now.

You know, many market veterans have died from bottom fishing.

Before the liquidity crisis in the market is completely resolved and the market's momentum for selling is fully released, I think... we should try to keep our hands off the market and watch more and do less."

"Okay." Jia Yongxiang nodded. He agreed with Song Shaopu's ideas.

From entering the market in 05 to now, he has experienced two rounds of bull-bear transitions in the market. He knows how tragic and abnormal the market is during the ebb period, especially the market trend during the "stock market crash", so... although he thinks that the abnormal market movement of "Qianzhou Moutai" at this time may not be that simple, but under the relatively conservative investment and trading strategies at this stage, he still maintains a cautious attitude and would rather wait for opportunities on the right side to appear before taking action.

There are quite a few institutional asset management professionals in the industry who share the same ideas as the two fund product managers of the "Hua Rui Performance Growth No. 1" fund trading department.

We have experienced three consecutive rounds of tragic "stock market crashes".

When the Shanghai Composite Index fell below 2700 points without any hindrance, most investors had already lost their courage. Before the market gave a clear signal to stop the decline or there was no obvious major positive news, they would not easily invest real money and buy at the bottom on a large scale. This is also the continuation of this round of stock market crash.

The reason why market turnover has not further expanded as the index continues to plummet.

Because potential buying is scarce, the market has continued to plummet without successfully releasing volume.

However, when many institutions are restrained and indifferent to the unusual movements of the core leading stocks of the 'white wine' sector and the 'lithium battery' sector, among the market's hot money groups, which have always had a relatively high investment risk preference, many well-known hot money in the circle who are extremely sensitive to market fluctuations have clearly shown their intention to enter the market to manipulate the market.

"Eh... the trend of the core stocks related to the 'lithium battery' main line is a bit abnormal!"

Yuhang, one of the main hot money groups of the 'Yuhang Group', continues to be active in the market, and has always paid special attention to the main line of the market's 'new energy industry chain' and the 'lithium battery' sector, and Sun Chengyu, who is optimistic about them in the long term, said in surprise.

"It's not just the core stocks of the 'lithium battery' main line that have seen unusual movements." Zhao Qiang in the group immediately took over, "The 'white wine' sector in the 'big consumption' main line, especially 'Qianzhou Moutai', 'Wuliangye', 'Luzhou Laojiao', 'Jincheng Fenjiu'... these first-tier white wine brand stocks, as well as some leading stocks in the 'real estate' main line, have seen obvious unusual movements on the market, which seems to be going against the trend."

"As for the strengthening of the main blue chip sector, we don't need to pay too much attention to it if it is not part of our trading model." Sun Chengyu said, "Just talking about the main field of 'lithium batteries', the trend of several leading stocks has obviously shown some abnormal reversal. It is obvious that major funds are continuously scrambling to buy stocks and make trading. It feels like the market has fallen to the right level."

"Brother Sun, do you think the funds that are targeting these blue chip leading stocks at the end of the trading day... could it be the 'national team'?

Sun Chengyu responded: "It's hard to say. After this round of 'stock market crash', the 'national team' didn't seem to publicly support the market. I don't know if it's because the positions are too heavy or for some other reason. At least 'big finance', the core theme of the 'national team's' heavy positions, has not fallen less this round."

"With so much mud and sand mixed together, it is difficult to form a market synergy even if the market is supported," said Zhao Qiang. "I think the 'national team' has obviously become smarter this time. They all know that when a flood comes, it is better to drain it than to block it. They guide emotions through news and properly stabilize the market to prevent systemic financial risks. Allowing shorts to vent gradually and fully release the momentum of selling may be more beneficial to the subsequent market rebound."

"So... the funds currently supporting the market are unlikely to come from the 'national team'?"

"It definitely can't be the 'national team'." Zhao Qiang responded.

"Who is increasing their holdings on such a large scale against the trend?" other speculators in the group couldn't help but ask curiously.

Sun Chengyu said: "No matter who it is, this shows that the market has fallen to this point. Some main-line core leading stocks with strong expectations and high future performance explosion capabilities have obviously begun to have cost-effectiveness for intervention, and it is also worthwhile for us to intervene on the left side and grab the first hand."

"But the panic in the market is still very serious," someone said.

"When we trade, we cannot be carried away by emotions," Sun Chengyu emphasized. "Instead, we must predict the changes in emotions and use the funds in our hands to actively guide emotions. This is what it takes to be a qualified trader. Only in this way can we properly earn excess returns from the market."

"Brother Sun...are you planning to enter?" Zhao Qiang asked hurriedly.

Sun Chengyu replied: "This is what I plan to do. I will build a first-hand position to give it a try. The market has fallen from 3600 points, a drop of nearly 1000 points. This round of stock market crash should be almost over, both in terms of time and space. At least today's large-scale strong buying of stocks on the market and the active guidance of sentiment by the main funds should be able to show that the current cost-effectiveness of high-quality chips in the market has been improved to the point where various funds are excited."

Sun Chengyu said this without waiting for anyone in the group to respond.

His attention then quickly turned to the two markets, and he began to use the funds in his account to follow the main funds that had just taken over the market and pulled up the major core leading stocks against the trend. He quickly followed up with positions in the leading stocks of the "lithium battery" main line, especially "Tianqi Lithium", "Ganfeng Lithium", "Dofluoro" and other stocks.

As he quickly bought in...

Zhao Qiang, who had always been in contact with him on the market, pondered carefully for a while, and also used his trading seat and account funds to gradually buy the stocks he liked at the bottom.

Accompanied by these few smart speculators following the trend and buying.

As well as some other follow-up bottom-fishing and bullish sentiments that Su Yi has more or less stimulated.

In the last fifteen minutes of trading, the market began to gradually rebound and ushered in a short-term correction trend.

Finally, when the market closed at 3 p.m.

The Shanghai Stock Exchange ended up with a drop of 5.23%, still falling below the 2700 point mark. However, it did not cause a total lack of liquidity in the market, or even a situation where emotions completely collapsed and "thousands of stocks hit the limit down". In addition, the trading volume was obviously released at the end of the day, causing the market to gradually have stronger sustainability in this bottom range.

After the two markets close...

Su Yi counted the daily purchase volume of the 'Hua Yi Expedition No. 1' fund product.

Thanks to the efforts of all the traders and his own efforts, the fund bought a total of more than 15 billion in funds through the first batch of core stocks within the day, and initially established positions in a total of 20 stocks. Among them, the scale of the position establishment of "Qianzhou Moutai" alone reached 1.5 million in funds within the day.

Of course, for the 1.5 million holdings of the stock 'Qianzhou Moutai'.

Su Yi is far from being satisfied.

Compared with his memory, the 'Qianzhou Moutai' in later generations, which had a share price of thousands of yuan and trillions of yuan, the 'Qianzhou Moutai' at this time was outrageously cheap.

As the core weighted stocks that cannot be avoided in the long-term logic of the two markets.

His ultimate goal is to increase the stock position to the fund's single-stock holding limit, which is to reach a holding size of 40 billion.

Compared with the established position building task of 40 billion, the current position is really nothing.

So, he next...

They will continue to buy large amounts of this stock and will quickly complete the task of building a 40 billion position before other institutional investors in the market react.

With this goal, in the next few trading days.

Su Yi didn't care about the trend of the market index at all, and just kept buying up the stocks of "Qianzhou Moutai" against the trend.

As a result, this stock continued to surge by nearly 2650% against the trend in the next four consecutive trading days, as the Shanghai Composite Index continued to hit new lows and gradually touched 10 points.

However, 'Qianzhou Moutai' has been bucking the trend and seeing explosive growth in volume for many consecutive days.

This time, those hesitant industry institutions were finally tempted and gradually joined the queue to follow the trend and become followers in Su Yi's large-scale position building plan.

(End of this chapter)