"General Manager Su, there are quite a few follow-up buyers!"
Noticing an increasing number of follow-up buy orders for the core stocks continuously being accumulated by their fund products, such as 'Qianzhou Maotai, Wuliangye, Luzhou Laojiao, Jincheng Fenjiu...', and also observing that sentiment in the 'Baijiu' sector and the 'Great Consumption' main theme sector was clearly recovering, Qu Zecai, the trading team manager, hurriedly said.
Su Yi smiled and replied,
"There's a lot of smart money in the market. It's impossible for our continuous large-scale buying not to attract attention from others. However... after nearly a week of continuous increased positions, our holding volume in the 'Baijiu' sector should be close to reaching the target for position building, right?"
"Indeed, it's not far from the planned holding percentage for the 'Baijiu' sector,"
Qu Zecai said.
"However, according to your strategy, General Manager Su, if 'Qianzhou Maotai' is to be the first heavily weighted stock in our fund products, there is still some distance to the established maximum individual stock holding percentage."
Currently, the entire fund product has established a position of approximately 1.7 billion in 'Qianzhou Maotai'.
This is still more than half a gap from the 4 billion holding scale mentioned by Su Yi.
"It's alright, just keep buying,"
Su Yi said with a smile.
After speaking, he immediately continued to place buy orders in the thousands-of-lots range on the 'Qianzhou Maotai' trading screen, actively taking on all selling pressure on the market.
And at the same time...
While he was continuously placing orders to buy 'Qianzhou Maotai' shares.
After the Shanghai Composite Index touched a low of 2638 points and triggered another wave of panic selling, it also began to attract a large number of bottom-fishing funds.
Thus, with the 'Huayi Expedition No. 1' fund product continuously injecting funds to build positions.
And with the intervention of numerous off-market bottom-fishing funds.
The major core indices, including the Shanghai Composite Index, Shenzhen Component Index, and ChiNext Index, as well as a host of core main themes in the market—whether it's the weighted main themes like 'Big Finance', 'Great Consumption', 'Big Infrastructure', or the significantly oversold 'Internet Finance', 'Smartphone Industry Chain', 'New Energy Industry Chain' and other 'SME & ChiNext' concept themes—all experienced rapid rebound and surging trends, quickly narrowing their intraday declines.
"It seems... the market has found a short-term bottom!"
Seeing the Shanghai Composite Index rapidly rebound from 2638 points, with intraday volume simultaneously exploding, Qu Zecai, after a pause, said.
While continuing to place orders to buy chips, Su Yi casually responded,
"The continuous extreme freezing point sentiment has triggered the final panic selling, bottom-fishing funds have entered, and the market temporarily has incremental funds intervening. At the same time, the trapped positions above 3000 points are relatively far away and temporarily cannot exert too much pressure on the market. The rapid amplification of intraday volume at this time... indeed signals a medium-to-short term bottom."
"Then we... must further increase our buying power and scale, right?"
Qu Zecai said.
Su Yi nodded slightly:
"Since the market's bottoming signal has appeared, then under strong rebound expectations, it is natural to increase efforts to build positions and buy at this time."
After continuous position building for about a week...
The overall holding scale of the 'Huayi Expedition No. 1' fund product has surged from zero to about 7 billion.
However, compared to the fund's 20 billion capital scale, the holding level is not high.
Therefore, taking advantage of the market's anticipated bottoming and reversal not yet fully formed, while the market is still in the shadow of the 'stock market crash 3.0' plunge, and while the market is full of outrageously cheap cut-loss chips, it is imperative to quickly and with full effort increase positions.
Upon hearing Su Yi's instructions.
Qu Zecai quickly relayed the relevant trading orders to all traders in the trading room.
The traders in the trading room, upon hearing that they didn't need to worry about the chips being bought or the stock price fluctuations on the market, and could freely place large orders to pull up and buy, felt a stir in their hearts.
They swiftly and with lightning speed used their fund sub-accounts to place massive buy orders in the thousands and tens of thousands of lots, pulling up the market and sweeping away all sell orders on the screen.
Facing the consumption of millions and tens of millions of funds in their accounts.
Watching the stock price of the target stocks for position building climb in a straight line under the sweep of their large orders.
Every trader in the trading room looked incredibly focused and excited.
Many of them had never operated such a large capital account before, nor had they experienced the feeling of being the main force in the market.
Now... they finally got a taste, and the surge of adrenaline was beyond their control.
And along with the 'Huayi Expedition No. 1' fund trading department pouring funds into full-force buying.
The main core stocks that the 'Huayi Expedition No. 1' fund product focused on building positions in, such as 'Qianzhou Maotai, Wuliangye, Luzhou Laojiao, Jincheng Fenjiu, Conch Cement, Tianqi Lithium, Ganfeng Lithium, Daflon...', and other leading stocks in various industry sectors, all saw their stock prices surge.
Among them, 'Qianzhou Maotai', which has been the most active recently.
And also personally operated and bought by Su Yi.
Its intraday rise has already exceeded 5%, with the stock price returning to 230 yuan, leading the rise of weighted blue-chip stocks on both main boards, and completely recovering all declines during the 'stock market crash 3.0' period.
"This trend for 'Qianzhou Maotai' is too strong, it's clearly the absolute weighted leading stock in the market!"
Noticing that 'Qianzhou Maotai's stock price had recovered all declines during the 'stock market crash 3.0' period, and showed a strong tendency to continue surging, or even hit the daily limit, inside 'Huarui Fund Management Company' at this moment, in the trading room of the 'Huarui Excellent Growth No. 1' fund product, trading team leader Jia Yongxiang exclaimed in surprise.
"The Baijiu sector has indeed been strong in the past week,"
said fund manager Song Shaopu, hearing Jia Yongxiang's exclamation.
He couldn't help but sigh,
"I truly didn't expect that this wave of stock market crash would lead the market's counterattack, showing a leading effect in the Baijiu sector. Nor did I expect the core leading stock for this wave to be 'Qianzhou Maotai'."
Jia Yongxiang said,
"'Qianzhou Maotai' and the entire Baijiu sector barely rose in this bull market. Both valuation and stock price were basically at historical lows. This round... for this sector to emerge against the trend, though somewhat unexpected, is actually reasonable. It's just a pity... we didn't follow up immediately."
As early as when 'Qianzhou Maotai' and the Baijiu sector first showed unusual activity.
They had noticed that main capital was intervening and operating in this sector.
But at the time, due to concerns about the uncertainty of the market's macro trend and the weak historical performance of the Baijiu sector, they did not follow up.
But they never expected...
In just about a week, 'Qianzhou Maotai's stock price had rebounded by nearly 20% from its bottom.
This left them somewhat unprepared.
"It's still not too late to follow up now,"
Song Shaopu said with a smile.
In terms of trading and investment philosophy, he didn't particularly emphasize or care about entry cost, or timing.
What he cared about was the underlying logic of intervention and the fundamental logic of expected changes.
As long as these two major logics were sound, it proved that the certainty of the intervention opportunity was relatively high.
That is to say, the investment had entered the right-side opportunity range.
Intervening under such circumstances, although they would lose some cost advantage, they would simultaneously increase the probability of a successful opening position.
Therefore, he did not regret not being able to intervene in 'Qianzhou Maotai' and the Baijiu sector market at the very first moment.
"But 'Qianzhou Maotai' has rebounded almost 20% from this round's bottom,"
Jia Yongxiang said, hearing Song Shaopu's words, appearing quite hesitant now.
"If we follow up and intervene at this time, it's highly possible that we buy near a short-term high. Fundamentally speaking... the expected change in the Baijiu industry should still require time to react, and feedback from Q1 earnings to truly confirm the logic of the industry's fundamental shift."
"Stock prices always move ahead of expectations,"
Song Shaopu said.
"Continuous market and capital anomalies cannot be ignored. Moreover, according to various news and industry research reports, the fundamentals of the Baijiu industry are indeed gradually improving. Furthermore... 'Qianzhou Maotai' with a PE valuation in the teens, with the market's liquidity crisis temporarily resolved and the Shanghai Composite Index near 2600 points, still has a very high safety margin."
"But before..."
Jia Yongxiang wanted to say more.
Song Shaopu smiled, but interrupted him, and continued:
"Before, I thought we could wait because the warning of a market liquidity crisis was still present. Now... looking at the current market volume changes, off-market funds are already entering in large scale to buy the dip, and the current position of the Shanghai Composite Index is about 100 points lower than last week.
Plus, the recent positive signals constantly released by regulators to the market. It can basically be concluded that this should be the relative low point of this round of stock market crash, as well as the medium-to-short term low point of the market.
As such, our strategy should naturally shift accordingly, transforming from a conservative strategy to a relatively aggressive one."
"Okay!"
After listening to Song Shaopu, Jia Yongxiang nodded.
He immediately turned his gaze back and instructed the traders to increase their holdings and follow up on core blue-chip quality stocks with smooth trends and high capital attention, such as 'Qianzhou Maotai, Wuliangye, Luzhou Laojiao...'.
And just as his order was given, before the traders had time to place orders.
At this moment, the stock price of 'Qianzhou Maotai' had already broken through 235 yuan, with an intraday gain of 7%, and intraday turnover surged past the 3 billion mark, nearly doubling the volume compared to the same period on the previous trading day.
Meanwhile, in 'Qianzhou Maotai', which Su Yi primarily focused on.
And in the 'Baijiu' sector, as core baijiu brand stocks like 'Wuliangye, Luzhou Laojiao, Jincheng Fenjiu, Yanghe Shares...' all refreshed their intraday highs and recovered their declines during the 'stock market crash 3.0' period.
Other core leading stocks in the main themes primarily focused on by the 'Huayi Expedition No. 1' fund product.
Stocks like 'Conch Cement, Oriental Yuhong, Luxshare Precision, Tianqi Lithium, Daflon...' also refreshed intraday highs, showing a powerful counterattack trend with fierce and continuous volume bursts.
Among them, 'Daflon', a stock with relatively high market attention and strong discussion heat.
Under the full assault of various follow-up main funds, particularly follow-up speculative funds.
It had fiercely locked up the daily limit, igniting a frantic chase for chips among on-market and off-market funds for the 'New Energy Industry Chain' main theme, particularly core weighted stocks related to the 'Lithium Battery' sector, and concept leading stocks.
"Holy shit, holy shit... a desperate reversal!"
When 'Daflon', the core leading stock of the 'Lithium Battery' main theme, locked up the daily limit, and at the same time, 'Consumer Electronics', 'Apple Industry Chain', 'Baijiu Sector', 'Big Finance Main Theme', 'Real Estate Industry Chain', 'Steel', 'Cement', 'Building Materials'... and other main themes and concept sectors all showed rapid counterattacks, full-speed surging and explosive trends.
In the 'Modu Ultra-Short-Term Gang' main speculative fund group where Su Yi was, Xu Qiao couldn't help but let out an exclamation.
"Panic selling is complete, bottom-fishing funds are entering in large numbers, market volume is rapidly expanding..."
Old Zhang interjected,
"All signs indicate that this indeed looks like the end of this round of stock market crash. And from a time and space perspective, from 3600 points to 2638 points, there's already been a correction of almost 1000 points. Even the most pessimistic expectations have been fully reflected. Damn it, enter to buy the dip, buy the dip..."
As he spoke, Old Zhang didn't wait for others to respond, and the funds in his account poured out.
He began to aggressively buy into the 'Lithium Battery' main theme sector, which had strong expectations and good trends, as well as the 'Consumer Electronics' and 'Real Estate Industry Chain' main theme sectors.
"This position should be close to the bottom,"
Old Wu also agreed.
At the same time, he also began to increase positions and follow up.
"I can't say if it will hit new lows later, but looking at the market trend and volume feedback, the 2638 point today should confirm a medium-to-short term bottom,"
Chen Ge also said at this time.
"And the funds in the market have finally formed a concerted effort at this position for the first time."
"Which sector does Chen Ge favor?"
Xu Qiao asked.
Chen Ge pondered for a moment and said,
"In terms of expectations and certainty, the 'Lithium Battery' sector definitely has the most potential."
"Haha... I think so too,"
Xu Qiao said.
"Let's go straight for the leader of a wave."
As he spoke, his tens of millions of funds slammed into the trading screen of 'Ganfeng Lithium', forcibly pulling it up and aiming for the daily limit.
And at this very moment, many speculative funds in the circle shared his same idea.
Thus, in the late trading phase of both markets.
The market's desperate rebound trend became increasingly fierce.
After 'Daflon' hit the daily limit...
At 2:36 PM, 'Tianqi Lithium' and 'Ganfeng Lithium' touched the daily limit.
At 2:41 PM, 'Tianci Materials', 'Peng Hui Energy', 'Ronbay Technology', 'Zhonghe Shares'... and other relatively popular 'Lithium Battery' concept stocks all touched the daily limit.
At 2:43 PM, active funds overflowing from the 'Lithium Battery' main theme sector began to attack other popular main theme concept stocks.
At 2:45 PM, 'Oriental Yuhong' hit the daily limit, igniting the 'Building Materials' sector.
At 2:47 PM, in the midst of a comprehensive surge in the 'Baijiu' sector, core stocks like 'Qianzhou Maotai', 'Wuliangye', 'Luzhou Laojiao'... all saw their intraday gains exceed 8%.
And, as the late trading period further progressed.
The market's bullish sentiment and the enthusiasm for funds to comprehensively follow up and buy the dip continued to surge.
At this time, in order to grab more chips on the market, Su Yi glanced at all the sell orders hanging above 'Qianzhou Maotai' up to the daily limit.
He directly placed 10 consecutive market buy orders of ten thousand lots each.
Accompanying his orders, a massive buy order of over 2 billion funds, like a thunderbolt from the sky, fiercely struck 'Qianzhou Maotai's trading screen.
In just a brief moment.
This buy order of over 2 billion, like divine soldiers descending, swept away all sell orders on 'Qianzhou Maotai's screen, pulling its stock price up to the daily limit.
When a total of 70,000 lots of sell orders on the screen were completely consumed.
When the magnificent and vast amount of capital, with an incredibly dominant stance, instantly and swiftly locked up 'Qianzhou Maotai', this large-cap weighted stock with a market value of over 200 billion, by buying the dip.
When everyone saw this market 'stock king' touch the daily limit once again after several years.
All investor groups in the entire market, including institutions, speculative funds, large investors, and retail investors, were instantly stunned.
(End of chapter)