Core Viewpoint - The recent policy announcements from the National Development and Reform Commission (NDRC) have generated excitement in the market, particularly regarding the new generation of smart terminal concepts, but there is skepticism about whether these policy benefits will translate into stock price increases [3][16]. Group 1: Market Reactions and Investor Behavior - Retail investors often rush into stocks following policy announcements, but this behavior can lead to losses as seen in past instances where related stocks opened high but closed lower [3][4]. - The market is characterized by a disconnect between policy announcements and actual stock price movements, heavily influenced by institutional investors' attitudes [3][16]. Group 2: Common Pitfalls for Investors - Four common traps for investors include: 1. Holding onto stocks with the belief they will continue to rise, leading to missed exit opportunities [5]. 2. Blindly chasing hot stocks based on policy news without considering fund movements [5]. 3. Assuming that stocks that have performed well will continue to do so, resulting in significant losses [5]. 4. Buying heavily discounted stocks in hopes of a rebound, which can lead to further declines [5]. Group 3: Investment Strategy Recommendations - Investors should focus on three dimensions to assess stock potential: 1. The sustainability of funds: determining if the interest is short-term speculation or long-term investment [15]. 2. The depth of investment: assessing whether the involvement is superficial or substantial [15]. 3. The operational rhythm: evaluating if the market movements are steady or erratic [15]. - It is crucial to remain rational and not overly optimistic due to policy benefits, emphasizing the importance of data and quantitative tools to understand fund movements [14][16]. - Investors are advised to control their positions, implement stop-loss strategies, and recognize that market opportunities will always exist [14][16].