Recently, I feel that the logic of the leading strategy is changing. From the end of March to April, there are more and more stocks on the board that are under one word and one word, such as China Electric Electrician, Dali Pharmaceutical, Watson Technology, etc. Now, because information is spreading faster and faster, the popularity of this leading tactic is also increasing. Therefore, the increasingly convergent buying points and the increasingly convergent selling points have caused the upper and lower to be a word, and the main force predicts your prediction, and the tactics are becoming more and more unprofitable and abandoned. And with the implementation of the "New National Nine", the ecology of this leading tactics will become worse and worse, and it will also reshape the logic and preference of the operation of the leading tactics.
First, the fundamentals will be strengthened
In the past, in the process of chasing hot topics and playing boards, some leading strategists had limited consideration of the fundamentals of stocks, and relied more on the judgment of market sentiment, capital flow and technical graphics. However, with the higher requirements for the quality of listed companies in the "New National Nine Articles" and the market's reflection on cases such as "Ningke", the weight of fundamental analysis in the decision-making of leading tactics is increasing. In particular, "Ningke" was warned by ST, ignoring the company's leading tactics and strategies, and the risk increased sharply. In the future, when buying, leading strategists may look at the company's fundamentals to ensure that the selected target has a certain value support and reduce the potential losses caused by blindly chasing high.
Second, the rise of the N+N board model
In the context of the "New National Nine Articles", the market's speculation space for small-capitalization and high-risk stocks has been further compressed, and the previously popular tactics of "speculating on small speculation" and "multi-word price limit" have gradually lost their money-making effect due to the effectiveness of the expected difference and the convergence of buying and selling points. In this case, the leading strategy will begin to seek a new profit model. Compared with the small-capitalization stocks of the continuous word board, the N+N board is more suitable for slightly larger market capitalization stocks with a certain circulation scale and relatively stable fundamentals, and realizes profitability by changing hands with sufficient N+N board or reverse package form, which not only reduces the risk of no one taking over the board of the word board, but also maintains the full liquidity and hot spot of the stock by changing hands. For example, Jiu'an Medical in 2021, Xi'an Diet in 2022, Shenglong and Tsit Wing in 2023, and now CITIC Haizhi are all through this tactic. Therefore, there is nothing new in the stock market, but the spread has accelerated, and a tactic that used to be used for a year or two may now lose its money-making effect in half a year.
Third, the GEM may become a new battlefield for leading tactics
In view of the fact that most of the high-R&D enterprises are concentrated on the GEM, this part of the stock will show a stronger margin of safety and initiative under the policy. Under the situation of increasing risk of small-capitalization stocks on the main board, the GEM has become a new focus of leading war funds because it brings together many innovative companies in line with the national strategy. When looking for short-term opportunities, more attention will be paid to stocks with related hot topics in the GEM. For example, this week, the ratio of the number of daily limits on the Growth Enterprise Market and the number of daily limits on the main board is increasing.
In the last sentence, there is nothing new in the stock market, and the leading tactics have not changed.