"How do you operate this private equity fund? ”

After returning from Jiakai, Mo Bai was thinking about this question.

Generally, the operation mode of private equity companies is value investment, banking, joint banking, and speculation.

Value investing is to be optimistic about a certain stock, believe that it will rise, and then buy and wait for it to rise before selling.

This method is the safest, and the profit obtained is relatively stable, but it takes a long time.

With the banker, that is, with the banker.

In the A-share market, there is a market maker in every stock. Usually, the daily price of these stocks is controlled by these market makers. If you can find the intention of the market maker in a particular stock, then you will be able to make a profit in that stock.

However, this one is more dangerous.

Because you can't know the dealer, it's hard to know the dealer's intentions on the board.

Once the dealer finds out that you are following the banker, then he will use a violent way to wash you out.

The other way is to make a joint banker, which is much more advanced.

Judging from Jiakai's 1 billion yuan, he already has the funds to make a joint deal.

However, this kind of banker is also more annoying and involves all aspects.

To be a banker not only has to build a position for a long time, but also has to maintain close contact with listed companies and partners.

Moreover, even if you just want to be a joint banker, the market may not necessarily give you a chance.

Because at this time, there are more than 2,000 stocks on the Shanghai Stock Exchange, and almost every stock already has a market maker in it, and whether they are willing to join forces with you is a problem.

And even if you want to, it takes more time.

When the market is not good, it is possible that the dealer will be trapped in a certain stock for several years and cannot be dragged out.

As for speculation, this is almost the same as the operating idea of retail investors, and there is no strategy at all.

Obviously, Mo Bai does not recognize the operation methods of these private placements.

In order to make a profit, it is necessary to adopt a non-regulatory approach.

couldn't help but think of Mo Bai in his previous life in the A-share market's famous "up-limit board death squad".

"Manager Xu, who do you think can win in the stock market?"

The next day, Mo Bai came to Jiakai again.

At the first glance of Manager Xu, Mo Bai asked a question.

"Banker. ”

"Yes, it is indeed a market maker, and only a market maker can control individual stocks and thus achieve profits. It's just that we have never been a banker before. ”

"Mr. Mo, I know what you mean, in fact, our funds are relatively limited, and 1 billion funds can only operate one small-cap stock at most, and small-cap stocks are risky, and we don't want to be involved. As for the stocks with slightly larger plates, we can only make a joint deal, but this aspect is not a joint if we want to unite. ”

"So, what we did before was to follow the banker?"

"Yes. ”

"Then you haven't thought about it, even if you are with the bank, the market is not good, what should you do?"

"This ......"

Manager Xu couldn't answer this question.

This is also the most troublesome problem for the entire private equity firm.

Private equity companies have limited funds and cannot reach the point where they can truly make a market and control individual stocks. Although the traders are all elites in the industry, more experienced and more professional than ordinary people, the market is so impersonal. If the market is good, maybe you can make money, and if the market is not good, then you can only lose. Especially when it comes to a crash, even the most powerful private equity managers have no other way.

"Mr. Mo, what do you mean is that we have to change our operational thinking. ”

Looking at Mo Bai, Manager Xu asked.

"Clever. ”

Mo Bai nodded.

This Manager Xu is very talented, and as soon as he said it, he understood it a little.

"Mr. Mo, what kind of operation ideas should we change?"

"This idea is what I call a short bank. ”

"Short village?"

"Yes, that is, we control the stock price for a specific period of time. ”

The reason why the bookmaker can win is that he can control the stock price.

If you can't control the stock price, you can only go up and down with the market, and if the market is good, you will make money, and if the market is bad, you will lose.

This is the truth that retail investors can never fight the bookmaker.

"With our financial strength, we can control the stock price in a short period of time. However, Mr. Mo, this is quite dangerous. As soon as we pull up or suppress the stock price, we will be sniped by real market makers. ”

Manager Xu thought for a while and then said.

"Not necessarily. ”

Mo Bai shook his head: "The A-share market has been developing for decades and has long been relatively mature. It is often impossible for a stock to have only one market maker, and in the market maker, there are also institutional investors, fund companies, super large investors, and major shareholders of the listed company...... Of course, there are thousands of tourists, even foreign investors. They are not monolithic, as long as we grasp the opportunity, we can definitely succeed in sneak attack. ”

This is the investment theory of the famous "up-limit board death squad" in the previous life.

Strictly speaking, these up-limit board death squads are just some private placements, and even they are not private placements, and some are just a few super big investors united by the capital. However, they relied on this contradiction between the bookmakers to succeed repeatedly.

"Mr. Mo, there is a lot of risk here. ”

Manager Xu, who has always been cautious, still shook his head: "Our investment is too small and too little, and once their interests are triggered, they will hunt us down." ”

"Of course, there are risks involved, but I would say that stock trading itself is always a high-risk investment. And, with the right work, the risk is close to zero. ”

It's not for nothing that this method has been successful in previous lives.

Of course, in this, there must be several conditions for a successful sneak attack.

The first point is not to touch the highly controlled stocks, especially the stocks that have been greatly speculated in the early stage. This kind of market stock is difficult to attract the majority of retail investors to follow the trend, even if they enter it, they are not the opponent of these highly controlled market makers.

The second point is that the price is not the trend. The price of the stock is important, but the most important thing is the stock trend, such a method of operation should never touch the individual stocks in the downward channel, but should focus on those in the rising channel, or the stocks that are about to rise.

The third point is not to touch problem stocks, and not to touch the company's operating loss ST shares.

After saying this, Mo Bai set his eyes on the stock of "Xingguang Electronics".

The reason for this selection is this.

On the one hand, dozens of fund companies have been stationed in this stock, and the market makers are complicated and the sneak attack is favorable.

Second, Xingguang Electronics has been coming from various good news before, but the stock price has been holding steady, and there is definitely a problem here.

The third and most important point is that Li Shi's Changhong Fund has also entered this stock.

"Let's take this stock first. ”

After deciding down, Mo Bai instructed Manager Li to vacate about 700 million funds.

Then, in the remaining 5 trading days, the 500 million funds in his hand were exchanged for shares of Fangxing Electronics.

As for the remaining 200 million yuan, it is used to increase the stock price.

After doing all this, that night, Mo Bai took a comfortable bath and went to bed early.

Tomorrow morning, it's time for the real battle.

The "up-limit board death squad" from the previous life, I don't know if it can still shake the A-share market?

Mo Bai is looking forward to it.