Reverse operation
It is generally believed that private equity funds should not buy Public Offering of Fund's heavyweights at a high level. First, they don't like public offerings of sedan chairs, and second, they are afraid that Public Offering of Fund will take the opportunity to ship them. However, according to Teacher Li, many times, private equity funds operate in the opposite way.
For some stocks, funds simply dare not ship easily, while private investors dare to enter in sedan chairs, such as Suning and Maotai, and it is very easy for them to pull up. At the same time, there are many market funds that are considered to be new funds to open positions, so the enthusiasm for follow-up funds is high and there is no difficulty in shipping.
Mr. Li told reporters that for many funds eager to enter the market, high-quality stocks in the A-share market are scarce, so once you buy such stocks, don't sell them easily. With the continuous promotion of funds, these stocks will rise to an incredible level. In addition, it is meaningless to guess the intention of funds through the stock price trend. It is always assumed that there are main funds to manipulate the stock price, which is the most common mistake made by retail investors and the sequela left by the Zhuanggu era. This view must be reversed.
Stock selection emphasizes time and potential.
"Don't think that private placement will be much looser than public offering," Mr. Li said. "Sometimes the discipline and technical requirements of private placement are much higher than those of public offering." Teacher Li said that private placement is more short-term, and it can often be seen from the handicap that a stock has a strong short-term momentum, which is expected to form an upward breakthrough, and then decisively intervene, but it has strict requirements on investment timing and the trend of the stock, and once it is involved, it is very quick and ruthless, and it will become a scale if it is forced to empty.
He introduced that there are two major ideas for private stock selection: first, technically look for stocks that are in the "two poles", extremely strong stocks that are in the accelerated period of the upward trend, and extremely weak stocks that are far from the lock-in zone and are oversold; The second is to look for stocks whose fundamental changes have a significant impact on the stock price. The pull-up method is also quite special. When the market is strong, it generally pulls the daily limit in one breath; Morning market attack is also one of the means, with the help of "short, flat and fast" to create a sense of strength, but not commonly used; Pulling up strong stocks after two o'clock in the afternoon is the most commonly used means. Some hot stocks that strengthened in early trading swept orders with huge buying, and their share prices rose almost 90 degrees. With the help of following the trend, they blocked the daily limit. Once they rush to the daily limit, they will buy in huge quantities to stabilize their popularity and reduce the holders' desire to sell.
He pointed out that the trend of the stocks selected by private placement must be relatively good, and the bottom of these stocks is relatively solid, and they are all in the process of moderate volume and small positive line. Intervention at this stage is like adding fuel to the fire. If the opportunity is properly grasped, the success rate will naturally be greatly improved. Stocks in the downtrend channel will basically not participate, because the rising energy of these stocks is too weak to become a short-term hot spot in the market.
Finally, he told reporters, don't think that private placements are "outlaws". In fact, they are more sensitive to risks than most investors. For highly controlled Zhuang shares, many private placements will never be touched, especially those that were hyped up in the early stage. Because it is difficult to attract the majority of retail investors to follow suit, private placement is also very inconvenient. Cost control is also a very important link in risk control, and the purchase cost is often much lower than the average market cost. Therefore, after pulling out the daily limit, it will not immediately lead to liquidation, which can ensure safe escape in a short time.