Chapter 42
During the weekend, Tiansheng Pioneer Mixed Fund became the talk of the town among investors and financial media. Major financial news outlets, including the Financial Associated Press, Securities News, and Dongcai, joined the discussion. Big names on social media platforms also began commenting on the fund's extraordinary performance.
The excitement was fueled by the fund's investors and loyal supporters. The keywords "stunning the deer" and "Lu Ming" experienced a surge in search engine queries.
As discussions continued, many shared their experiences and opinions:
- "Stud subscribed for the first time, and made nearly 60 points in a week, and the money was swollen."
- "Is it too late to get on the bus now?"
- "One brother is in charge, you can get on the bus in time."
- "I'm afraid~, it's too exaggerated that it has risen so much in a week. I'd better wait and see."
- "Fast forward to the name change to 'Tiansheng Pioneer Hybrid Enchantress', referred to as 'Tiansheng Enchantress' for short... [Erha.jpg]"
Despite this surge in popularity, subscription amounts started to decline after the initial boom. Many fans had exhausted their funds. Tiansheng Fund, being relatively new and lacking reputation, faced skepticism from passersby investors. The young age and unconventional background of Lu Ming, the fund manager, also raised doubts.
Monday, March 23.
Su Xiaoman reported the completion of financing to Lu Ming, stating a leverage of 2.7 times. Lu Ming, with actual operational funds around 3 billion, instructed Su Xiaoman to arrange a trader for institutional account transactions on the trading floor.
As the market opened, Lu Ming swiftly ordered the full entrance of two major stocks from the north and south. These were the new funds purchased on Friday, totaling just over 100 million. The executed transactions made it the largest holding stock in Tiansheng Pioneer Mixed Fund, with a shareholding ratio of up to 9.98%.
Lu Ming continued to rebalance positions and exchange shares, executing quick maneuvers and engaging in ultra-short speculation within the day. He balanced between various sections of the market, including big A and Chinese prefix stocks, creating a dynamic position pattern.
While adding more positions to major tickets, such as Zhongguo Zhongche, Zhongguo Zhongtie, and Zhongguo Tiejian, Lu Ming also adjusted positions for several Chinese prefix stocks, maintaining the same position pattern for the next month.
The traders in the trading hall observed the rapid and dynamic operations of Lu Ming, gaining another "Zhongzitou" vote. The intricate pattern suggested the possibility of a "Zhongzitou" day.
Notably, Lu Ming strategically held certain stocks for several days, focusing on their upward trends during the main rising wave stage. This approach allowed him to lie low and avoid the frequent intraday ultra-short positions and stock exchanges required for other stocks.
The intricate and well-thought-out strategy of Lu Ming left traders and observers in awe of his expertise and market prowess.
As Lu Ming concluded the stock swaps for Tiansheng Pioneer Hybrid Fund, the fund's portfolio expanded to include a total of 27 constituent stocks. With this task completed, Lu Ming shifted his focus to managing the institutional account of Tiansheng Capital.
Allocating the 800 million funds into four parts, Lu Ming initiated transactions for the four major stocks—Zhongtie, Railway Construction, and the North and South two major automotive companies. Following a strategic sequence, he first executed operations in the public fund, and then mirrored the transactions in the company's institutional account, optimizing efficiency and resource utilization. The intricate process resembled the public fund acting as a precursor for the company's institutional account.