A Shares Deep V Reversal: Fund Managers Staged Major Technology Stocks Are Still Scramble To Raise Focus.

The external market plummeted, when A opened in February 25th, "dancing with the wind", but it was only hit by the waist, and then the strong A shares continued the "independent" independent market.

On the same day, the Shanghai composite index opened 1.62%, and the gem index fell 2%. Gem refers to a drop of over 4% in the intraday, but then the thrilling "V" big reversal, creating a new high rebounded, and finally the GEM board rose 1.03%. The stock index held 3000 points, down 0.6%. On the same day, the A shares reached 1 trillion and 400 billion of the daily volume, while A shares had broken trillions after 5 days.

In the tense and exciting crash, fund managers started a series of operations: band frying, adding stocks, lighten up positions and adjust positions.

Fund managers operate differently.

"I like to buy stocks on a big drop, buy this morning, sell part of it in the afternoon, earn some money from band operation." Private equity fund manager Lin Hai (a pseudonym) said.

In the morning, when A shares opened sharply, Linhai started the band operation. He chose a number of brokerage stocks as the target, such as GF Securities, buying at T+0 low in 14.90 yuan, selling at 15.30 yuan, and benefiting a lot.

In fact, under the big shock market, band operation is popular, for example, a large number of investors are using ETF as a high volatility stock to catch up.

Taking 5G ETF (515050) as an example, the lowest point in the session fell 6.5%, and closed up 2%, and from low to high is 8%.

However, the band operation can only be completed in the concussion market. Before the three week A stock market up to the market, the band operation was useless, and in February 25th it ushered in the long wave band operation opportunity.

In addition to band operation, in February 25th, fund managers had more work to do to increase their positions, reduce positions and adjust positions.

In February 25th, a private equity fund manager said that it had reduced some of the high value semiconductor stocks on the same day. However, most of the options he chose to move were still relatively reasonable stocks in the pan technology field, such as 5G and smart cars.

On that day, Li Kejie, general manager of Quan Hong private equity fund, chose to add a position.

"The market is getting stronger. In a strong market, falling is the opportunity to buy. This morning, A shares fell on the periphery and bought back, especially when the stocks sold earlier. Li Kejie said.

Li Kejie said, "A shares have reached 1 trillion and 400 billion of the daily volume, and the A share market is going up. At this time, buying shares can also be operated in band. "

There are many institutions that hold the view that "falling is buying opportunities". Zhong Jun, chairman of Tian He investment, said, "the market will bring the opportunity to get on the train, but it is expected that the structural characteristics of the future market will still be more obvious."

Shang Morgan Fund believes that the risk of overseas warming, short-term or maintain concussion, but optimistic about the prospects of A shares, "the 2-3 quarter of GDP growth is likely to reverse, so the mid term overall performance of the market should not be pessimistic. From past experience, the market will rebound in 6 to 12 months after every pandemic. In any case, buying at a lower price is a better option. "

Another part of the fund managers are "no action".

On the same day A shares rose sharply, a public fund manager "Buddha" chose to "drift with the tide" to maintain the status quo, he quipped: "A shares have bubble, enjoy the bubble."

But he said, "we need to keep an eye on where the funding side will tighten."

"My position portfolio has not changed at present." Xia Fengguang, the future star fund manager of the private placement network, said that the main reason for the overseas crash was the impact of the global epidemic spreading. The domestic epidemic had passed through the panic period, and the intraday concussion was more of a profit taking pressure. At present, the market pays more attention to the fiscal and monetary policies. "A shares will maintain their own pace of operation, I am not pessimistic about the market outlook."

And the general manager of the right way Xingda, Han Ming, thinks that we should treat investment opportunities at one time in two dimensions. "After the market has regained its lost territory after a retaliatory rebound, ordinary investors should choose to be safe. Investors with strong investment ability will continue to hold many good and good growing stocks, such as 5G, AI, big data, medical biological vaccines, etc. This year's liquidity is loose, and the capital market will not be lonely for a year. Although the shock is fierce, the local bull market will run through the whole year.

Scramble to raise technology stocks

In February 25th, the trend of A shares was breathtaking, but after the A shares opened, 5G and semiconductor technologies were greatly improved, leading to gem, Shenzhen market rebound, gem and Shenzhen stock index.

Reporters found that institutions generally optimistic about A shares in the medium and long term, and now become "expensive" technology stocks are still popular.

In fact, since the Spring Festival, A shares have gone out of the bull market, of which 5G, semiconductor and other technology stocks are far ahead, and many share prices have doubled.

"Technology has always been a promising direction for me. The rapid rise of technology stocks has also caused investors to worry about whether technology stocks generate bubbles. Qianhai open source Fund chief economist Yang Delong pointed out that, now, technology stocks are still in the stage of inflation, most of the technology sector and stock have risen sharply, when the technology sector began to retreat, the trend of stocks will be seriously divided, real good industry leading stocks, technology leading edge, performance can be fulfilled technology leading shares will continue. Up, and the majority of speculation technology stocks will drop sharply.

Lv Yuechao, manager of Hai Fu Tong's mixed fund manager, said that the recent growth style was stronger, especially in some stocks of the technology growth sector. "From the medium to long term, the stock market of technology growth is still in its early stage, and the growth sector will undoubtedly usher in more opportunities. We do not care too much about short-term fluctuations; in the face of major strategic opportunities, there is not much need to care too much about short-term games, which will miss the historical opportunities of industrial development.

Zhong Jun, chairman of Tian He investment, also pointed out that after a short sprint, many technology stocks are indeed more expensive than before. There is a certain pressure of callback. But the technology driven main line has not changed at present. "After the recent market pullback, we will still pay attention to 5G industry, HUAWEI industry chain, cloud games and other related industrial opportunities, and find a cost-effective target as part of the combination. Line configuration, not obvious callbacks do not get on the train.

Chi Kai Investment chief strategist Liu Wei analysis, A share trend has fully digested the impact of China's new crown epidemic, investors for this year's steady growth, wide currency, positive fiscal policy and a series of counter cyclical policies hold strong expectations. "In the short term, we think two important points, one is shareholding structure, and the other is market rhythm". Two Judging from the recent series of heavy meetings, liquidity is wide and Panasonic. The direction of capital inflow is the area where future investment may exceed expectations. We are firmly optimistic about the investment opportunities of technology growth stocks with 5G investment as the mainstay in the future. Meanwhile, we need to be alert to the market rhythm as well as the changes in the global epidemic situation.

?