Can technology stocks lead the gains?It ‘s estimated that it ‘s too expensive to invade and have a fund manager sell it.

Can technology stocks lead the gains?It ‘s estimated that it ‘s too expensive to invade and have a fund manager sell it.
For stocks, please read Jin Qilin analyst research report, authoritative, professional, timely, and comprehensive, to help you tap potential potential opportunities!  The most profitable natural non-tech stocks in the market this year are.Although technology stocks fell across the board today, too many people believe that this is not a surprise. The continuous strong growth has made some technology stocks overvalued.  Fund sources believe that the recent rebound in technology stocks has extended, and the speed is fast. Short-term adjustments are more conducive to the subsequent market development, and the adjustment is not expected to be too large.Technology stocks will still be the main line of A-share investment in 2020. At present, some reasonable estimates of technology stocks should be selected for layout.  The three major indexes of technology stocks decreased in a large area in the early morning. The GEM index fell more than 1% at one time. The Shanghai and Shenzhen stock indexes performed slightly better.At noon, the Shanghai and Shenzhen indices rose by 0.3% and 0.4%, the GEM Index fell 0.46%.  From the surface of the disk, in addition to the pharmaceutical sector leading the decline, technology stocks also appeared across the board, computer, communications, chemical pharmaceuticals and other attention fell, until the midday closing, the media fell by 1.16%, chemical and pharmaceuticals fell by 1.13%, computer equipment dropped by 0.70%, communication services dropped by 0.65%.  Data source: Although the flush of technology stocks appeared today, they still cannot hide the strong performance this year.As of February 18, in the Shenwan industry, the average increase of individual stocks in the computer and electronic sectors exceeded 20%, and the average increase of individual stocks in the technology industry since the Spring Festival also exceeded 10%.Medical biology and communications also performed well.  Fund managers’ two consecutive “sell-fly” technology stocks have exceeded the expectations of too many institutions, and some fund managers have admitted that they have “sell-fly”.  ”The market’s risk appetite for technology stocks is too high. A technology stock that was originally in a heavy position continued to grow after it was sold. Later, considering the market sentiment tends to maintain, it bought up after buying it, and sold it after earning a wave.乎意料的是股价现在还在涨,可以说是两次‘卖飞’了。The current highest point is about 25% higher than the point at which it was sold for the first time. The key is that the estimate at the time of the first sale is no longer cheap.”A private equity fund manager Zhang Jun (pseudonym) said that many technology stocks are overestimated, and even areas such as PCBs and chips whose performance has been relatively weak due to the epidemic are not cheap.  Another private equity fund manager also said that last week, the company’s unified request to lighten up.However, in the past week or so, these lightened technology stocks have still risen a lot. Fortunately, at the time, most of the technology stock positions were retained.  In essence, some private equity funds have maintained their “fixing power”.A private equity fund in Beijing said that some technology stocks are not estimated to be cheap, but considering the recent high market sentiment, the market liquidity is positive, and has not been anxious to sell 北京夜网 before.  China Post Fund Manager Guo Xiaowen pointed out that around 2019, 2020 A-share investment may be more difficult.Because of the high degree of prosperity, stocks with good performance trends are expected to grow significantly, while high-quality technology stocks and growth stocks and many high-quality core asset stocks have significantly adjusted.For technology stocks, 2020 is the year of performance verification, and breakthroughs in individual stocks with performance that exceeds expectations may cause major adjustments, which is also a risk to be aware of when investing in technology stocks.Most positions will only participate in leading stocks.  Wait for the estimate to fall and explore new opportunities. Zhongzheng Jun understands that the continuous strong growth of technology stocks has caused some investors who have 上海夜网论坛 not got on the train to “don’t miss” the worry.At the previous price?  Gradually private equity fund managers point out that when market sentiment is high, the more you must maintain the rationality of investment, and the mentality of not being afraid to miss it.The estimate is seriously overestimated, and it is definitely going to fall. It is considered that the expected growth will not fall too much, which belongs to the “inertia of bull market expectations.”Of course, the extent to which the estimation falls depends on the performance of the company, the level of risk appetite in the market, and the tolerance of investors for the estimation.  Heju Investment said that the recent rebound in technology stocks has broken through at a faster pace, and a certain short-term change is also a normal phenomenon, which is more conducive to the development of the next stage of the market, but the adjustment is not expected to be too large.  Although the short-term estimates of some sectors are relatively expensive, in the opinion of more fund managers, the judgment that technology stocks are the main line of A-share investment in 2020 has not changed. At present, it is more important to choose some areas with reasonable estimates.  Zhang Jun said that in comparison, the estimates of some technology stocks are not expensive, some autonomous and controllable areas and so on.  Heju Investment pointed out that the impact of the epidemic on some technology stocks is medium and long-term, and it will continue to deploy online education, online medical care, online office, online entertainment and other fields in the future.The epidemic situation has changed everyone’s consumption habits. Once some consumption habits are established, the possibility of switching back may be small, which will profoundly affect the development rhythm of some industries.In addition, the localization of IT basic software and hardware is also worthy of attention.  Guo Xiaowen said that the core logic of technology stocks is the three cycles of innovation cycle, policy cycle and capital cycle. From the perspective of the industrial cycle, the electronics industry has a V-shaped reversal. From the third quarter of 2019, the long-term growth of the sector has accelerated.The industry is at a relatively advanced level, fully embracing the golden age of hard-core assets.Specifically, we are optimistic about the fine-molecule industries of consumer electronics (smartphones, wearable smart devices), semiconductors, radio frequency (sealing and testing), panels, LEDs, PCBs, and new energy vehicles.