国庆档都在提前动作，影视股炒作在一步步解封！

Group 1 - The upcoming National Day holiday is expected to boost the film industry, with an 8-day holiday and high box office expectations leading to a preemptive rally in the film sector, as evidenced by a more than 5% increase in the Shenwan secondary film and television index in September, outperforming the broader market [1][3] - Institutional investors have been actively positioning themselves in the film sector, with A-share film companies reporting a total net profit of 1.8 billion yuan in the first half of the year, reflecting a year-on-year increase of over 75%, indicating that this data is a result of sustained institutional operations [3] - Retail investors often misjudge stock value by labeling stocks as "cheap" or "expensive," which can lead to dangerous investment decisions [3] Group 2 - The stock market is characterized by a struggle for pricing power, which is predominantly held by institutional investors, making it more reliable to analyze institutional trading data rather than relying on ambiguous expert opinions [5] - Many investors mistakenly focus on valuation metrics like price-to-earnings ratios, believing that low P/E stocks are "cheap" and high P/E stocks are "expensive," which is a flawed perspective [6][15] - A stock with a P/E ratio exceeding 1000 can still experience significant price increases due to ongoing institutional support, while a stock with a P/E ratio below 5 can decline sharply if institutional interest wanes [8][12][15] Group 3 - To capitalize on the upcoming film sector rally, investors should avoid blindly trusting "cheap stocks" and instead focus on observing and interpreting institutional trading behaviors [16] - An active "institutional inventory" (represented by orange bars) indicates that funds are quietly accumulating positions, suggesting potential upward movement [16][18] - If prices rise but "institutional inventory" decreases, it may signal a potential trap for investors, while stable high levels of "institutional inventory" often indicate sustained market momentum [18]