my financial empire

Chapter 17 Sweet Trap

"'Dalian Heavy Industry'?" Su Yue was slightly taken aback, and asked, "Is there any benefit to this check?"

According to his impression of this stock, although this check also belongs to the concept sectors of 'military industry' and 'nuclear power', it can also be related to 'aerospace', which is a hot topic in the market. There is no obvious breakthrough point in terms of operating business needs or short-to-medium-term performance expectations.

But since Fang Wanqing mentioned this check at this moment, she must have discovered the expected explosion point of this check in some aspect.

Therefore, Su Yue guessed that Fang Wanqing noticed that the check was probably stimulated by some kind of news.

"Well!" Fang Wanqing responded, "According to the announcement issued by this check in the morning, the company's controlling shareholder, due to the underlying assets injected into the listed company in the early stage, did not perform up to the standard, and plans to do something to other shareholders other than the controlling shareholder. 10 shares of compensation will be given out for every 8.2 shares issued. According to the announcement, the equity registration date is July 7.

After the announcement, from the opening to now, the stock price of this stock has been rising all the way, and now it is approaching a 7-point increase, and this check is a combination of the current "military industry", "nuclear power", and "aerospace" It is a popular concept in the market, do you think this check has arbitrage value before the equity registration date? "

Following Fang Wanqing's words, Su Yue carefully looked at the announcement issued by the check of 'Dalian Heavy Industry' in early trading, pondered for a while, and then replied: "Since the announcement, the stock price trend of this check, and the current check On the disk, judging from the strength of the funds, everyone still thinks that this announcement is a positive feedback to the stock price. Since there are funds to recognize this expected logic, it is actually possible to make a short-term arbitrage.”

"I think so too." Fang Wanqing responded with a chuckle.

"However, when my sister is doing arbitrage increases, you must pay attention to the equity registration date of this stock." Su Yue thought for a while, and then said, "You must not hold shares until the positive expectations of this announcement fall. !"

"Why?" Fang Wanqing asked a little puzzled.

"According to the company's announcement, as long as you buy this stock before July 7th, after the equity registration date is over, the gifted shares will be credited to the account on July 25th, and when the corresponding gifted shares can be listed and traded on July 7th, you can directly arbitrage 28% of the profit margin, but... Is there such a cheap thing in the financial trading market?" Su Yue responded, "In the financial trading market, the more profits that seem to be at your fingertips, the more likely they are 'Sweet trap', I estimate that the real risk of this check should be exactly around the equity registration date, when the positive expectations of the announcement are implemented.

Entering the market now and exiting the market before the equity registration date is called positive expectation arbitrage.

The bet is that in the company announcement, this "sweet trap" will drive countless groups of real gambler-type retail investors who do not have enough understanding of market risks, or who are really jealous of this seemingly easy-to-get 82% profit margin, to swarm Enter the market, snap up this stock, and get the corresponding stock gift right.

And this part of retail investors rush to buy stocks, which will naturally make the stock price of this stock continue to rise before the equity registration date, so that we can carry out stock price arbitrage.

However, if the motivation for entering the market is to think about the part of the shares given away by the major shareholder in the case of the company's announcement, this seemingly risk-free arbitrage is very likely to fall into a "sweet trap" , so that in the end not only is there no profit to be made, but the original entry principal may also be lost. "

"'Sweet Trap'?" Fang Wanqing thought over Su Yue's words carefully, and said with a smile, "Your analysis is really interesting, okay, I'll listen to you, we only do expected arbitrage, not Substantial arbitrage, only the price difference of stock prices, not the gift shares of major shareholders.”

"En!" Su Yue nodded, seeing that the reminder was in place, he stopped talking.

"Hey, the check for 'Fushun Special Steel'...has exploded." Just as Fang Wanqing was about to use the remaining funds in the fund sub-account to pursue positions at high positions, he bought the stock of 'Dalian Heavy Industry' at the market price and carried out the transaction. Expecting arbitrage, when he suddenly saw the 'Fushun Special Steel' fried board, he couldn't help hesitating, exclaimed in a low voice, and asked Su Yue, "Student, you think it's better to buy the 'Fushun Special Steel' check at this time." , or is it more appropriate to buy 'Dalian Heavy Industry'?"

Su Yue heard Fang Wanqing's exclamation, and immediately turned his eyes back to the real-time transaction interface of 'Fushun Special Steel'.

I saw that after the daily limit was sealed, this stock was smashed by several tens of millions of funds in a row at this moment. After the stock price exploded, it fell in a flash and fell back to 8 The increase is around [-] point, and the market trading situation is much more intense than before, and the gap between long and short is quite large.

At the same time, with the sudden explosion of the stock 'Fushun Special Steel', it fell back.

The related sector indexes of 'steel', 'military industry' and 'nuclear power', as well as the trend of concept stocks similar to it, all fell back to a certain extent.

"'Fushun Special Steel''s short-term profit taking is too heavy. At the same time, the market trend, as well as the overall investment sentiment and hype sentiment on the market, have some problems. Locked up at a high level, and this stock has soared by nearly 40% in just four trading days, and the short-term increase is too large. Although the expected logic of this check is still there, the main funds that undertook it saw short-term profits. The market is too heavy, and short-term speculation funds have a strong desire to make profits, so there is also a lack of willingness to close the market, which has just caused this stock to explode." Su Yue pondered for a moment before continuing to respond, " Since there is a huge difference between long and short positions in this position, the stock price will inevitably need to be adjusted. Only by further changing hands and clearing some of the profit orders eager to cash in profits, can it continue to rise.

In contrast, 'Dalian Heavy Industry' this stock.

The positive news has just been released, and the logic of expectations and hype are rapidly fermenting and accumulating.

At the same time, the stock price of 'Fushun Special Steel' is relatively low in the short term.

In addition, the two stocks have the concepts of "military industry" and "nuclear power", that is, if the overall hype sentiment of these two concepts continues to develop, both stocks can benefit simultaneously.

So, speaking from a short-term perspective...at the moment, the trading opportunity of 'Dalian Heavy Industry' is obviously much greater than that of 'Fushun Special Steel'. "

With that said, Su Yue no longer misses the check for 'Fushun Special Steel'.

Directly near the 8% increase position, in the form of main selling at the market price, I cleared the 2800 lots of 'Fushun Special Steel' stocks held in the fund sub-account operated by myself.

And when he placed the order of 2800 lots in the form of main selling at the market price.

In an instant, the stock price of 'Fushun Special Steel' fell by about 0.5% because the pending buying orders for several stalls below were swept away by his selling orders.

"It makes sense." Hearing Su Yue's analysis, Fang Wanqing pondered for a moment before responding.

Afterwards, she placed the order without hesitation and bought 14.38 lots at a price of 5.6 yuan when the stock price of 'Dalian Heavy Industry' fell back to around 1500%. Hit the 90% position line.

After all the orders placed by Fang Wanqing are sold.

Su Yue looked at the more than 390 million funds withdrawn from the account after selling 'Fushun Special Steel'.

After thinking about it, he backhandedly bought all the stocks of 'Dalian Heavy Industry' in the form of market price.

When his orders were poured onto the disk, on the real-time trading interface of 'Dalian Heavy Industry', with the market price of 14.38 yuan as the benchmark, the pending orders for nearly 20 gears above were cleared by him in an instant, causing Its stock price rose from a 5.6% increase to a 6.5% increase in a straight line.

So far, the total holdings of "Dalian Heavy Industry" in their accounts has reached about 605 million, and the holding cost is around 14.42 yuan.

After that, due to the influx of two consecutive large orders by him and Fang Wanqing on the stock 'Dalian Heavy Industry', other investors who joined forces to be long on this stock instantly sensed that the main funds seemed to have begun to rush into the market. With the smell of chips, one after another began to actively buy from the owner, and quickly snatched chips as the stock continued to ferment.

After that, as the stock price of 'Dalian Heavy Industry' continued to rise.

Along with the hot concept sectors of the market such as 'military industry', 'nuclear power', 'Beidou Navigation' and 'domestic aircraft carrier', under the influence of the continuous follow-up hype and undertaking of the active fund groups in the market, the originally declining market hype sentiment and Investment sentiment, and the corresponding money-making effect, began to slowly improve again.

And when the market sentiment gradually picks up, the short-term profit-making effect begins to show an expansion state again.

At 10:30 in the morning, the stock index, which opened lower and fluctuated, began to turn red from underwater with a strong attitude.

Immediately afterwards, at 11:[-] in the morning, the hot spots in the market began to spread from the main line of 'military industry' to the 'steel', 'architectural decoration', and 'real estate' sectors with "infrastructure" as the core.

Even, when the time reaches 11:20 am.

With the further spread of market hotspots and the increase in the Shanghai stock index, it has also further expanded.

Suffering a major negative blow, following the limit-down last Friday, 'LeTV', which had another word of limit-down in early trading today, had a limit-down order of up to 15 lots on the disk, which was pried open by surging bottom-hunting funds. At the same time, The fried board's "Fushun Special Steel" also ushered in a wave of strong buying funds at this time, and walked out of the disk form of closing the daily limit.

Finally, the moment of the noon close.

The Shanghai Designated Index was fixed at 2056.39 points, closing a 0.43% increase; the Shenzhen Index was fixed at 7220.23 points, an increase of 0.18%. The drop of close to 1% was fixed at a slight drop of 0.31%.

Of course, the performance of the ChiNext Index is so weak.

It was mainly affected by the trend of 'LeTV', a weighty stock on the GEM, and the poor trend of a group of 'Technology Growth' stocks.

"I feel that the signs of 'Shanghai is strong and Shenzhen is weak' are becoming more and more obvious!" After the market closed at noon, Fang Wanqing glanced at the closing results, turned her eyes to Su Yue, and asked, "Does this mean that the market's main line of investment Is it time to change the style? Does it also mean that the investment logic of 'Technology Growth', which has been performing relatively well before, has begun to collapse under the influence of the collapse of 'LeTV'?"

Su Yue sensed Fang Wanqing's gaze, thought for a while, and responded: "There is no trace of the market's main-line investment style change, but there are many funds in the market this morning, relying on the 'military industry' line. It is indeed a noteworthy signal to hype sentiment and start to attack related sectors such as 'steel', 'construction decoration', and 'real estate' with the core of 'infrastructure'."

"En!" Fang Wanqing replied, "Let's see in the afternoon. If the Shanghai Stock Exchange Index and ChiNext Index are seriously torn apart, then it is worth our vigilance."

As she spoke, she stood up from the office chair and called Su Yue and Deng Yajie on the other side to have lunch together.

Seeing that she greeted her proactively, Su Yue didn't refuse, but called Zhou Kai again before leaving.

Afterwards, a group of four came to the company cafeteria on the 32nd floor.

After eating, the four of them sat together and continued to chat about market conditions. At this time, a young man in a white shirt, with a horse face and a height of about 180, suddenly smiled and held a lunch box. Naturally, she sat in the empty seat next to Su Yue, looked at Fang Wanqing who was sitting opposite Su Yue, and said with a smile: "Junior Sister, I heard that the fund 'Future Investment Mixed Selection' managed by your department The net asset value of the product has fallen below the 5000 million compulsory liquidation line, is this true?"

"Brother Lu's news is very well-informed." Fang Wanqing glanced at the other party and responded.

"It's not that I'm well-informed." The man said with a smile, "but the news that your department's 'Future Investment Mixed Selection' fund product will soon be forced to liquidate has spread all over the entire fund investment department of our company. It’s hard for me not to know!”

"Who said that our department's 'Future Investment Mixed Selection' fund product will soon face compulsory liquidation?" Fang Wanqing denied, "The regulatory authorities have stipulated 60 trading days for turning around. It has not yet reached the last trading day for the mandatory liquidation required by the regulatory authorities, and the fund product "Future Investment Mixed Selection" managed by our department has a chance to come back to life."

The man smiled lightly, and said: "Junior Sister's mentality is so optimistic, it should be a good thing, but we do business, while maintaining an optimistic attitude, we still have to follow the objective laws of the market. According to the previous three years Judging from the performance of various fund products in the industry, there has never been a fund product that has been able to "rebirth from nirvana" and come back to life after the net asset value fell below the mandatory liquidation line of 5000 million required by the regulators.

In fact, I say this with good intentions.

Our company has always followed the two-way voluntary principle in the transfer of employees.

As long as the junior sister is willing to transfer, I can talk to our manager Guo and let the manager transfer the junior sister to our "Technology Growth Innovation Investment Mixed Selection" fund product trading room. Even, as long as the junior sister is willing, I can even talk to Guo Apply for the manager, let me, junior sister, come and assist me as the deputy leader of our trading team 1. "

"Thank you, Brother Lu, for your kindness." Fang Wanqing responded with a smile, "However, I firmly believe that our department's "Future Investment Mixed Selection" fund product can perform miracles in the last 60 trading days and bring the dead back to life. of."

"To be honest, it's impossible." The man said almost firmly, "I've seen the public positions of your department's funds. It is on the verge of compulsory liquidation, the more crazy the redemption of the Christians, the more ferocious the decline in the net asset value of the fund, this is an objective law of the market, which cannot be avoided or stopped."

"Your words... are you too absolute?" Su Yue couldn't help but glance at him when he heard this, and interjected, "In the financial trading market, there is nothing that is absolutely impossible. The future of the financial market , is inherently unpredictable, any situation may happen, this is the objective law of the market.”

"You are..." The man glanced at Su Yue lightly, with somewhat contempt in his eyes.

Fang Wanqing responded: "This is my junior, and also a trader in our department."

"Oh!" The man nodded slightly, and the look of contempt in his eyes became more and more intense. In response to Su Yue's words just now, he replied, "Although the future of the financial market is unpredictable, its development form and trend change, But it can be predicted and grasped. I said that your department’s fund products have problems in the investment direction. This is a fact. In the past three years, no fund product in the industry has fallen below the life-and-death threshold of 5000 million net asset value. , can ultimately avoid the fate of being forced to liquidate, which is also a fact.”

(End of this chapter)