Chapter 10: Daily Limit
I opened Taoguba and saw that there were new replies to my post, especially the reply from the user with the pseudonym Mephillis.
"This guy is really studying stocks seriously. He can even find out which stock I am holding and he is also paying attention to me." If he wasn't studying stocks seriously, he wouldn't have found out which stocks Gu Junhao held. Or maybe he is also more sensitive to the stock price because of this stock.
This can be regarded as his first true fan, Gu Junhao thought, and followed him back, and replied: "Don't worry, I'm not taking advantage of the good news to sell, there is a high probability that the stock will reach the daily limit on Monday."
Wangsu Technology's performance forecast caused quite a stir over the weekend and attracted widespread attention from the market. Su Mingyu left such a reply in the post and received a response from Gu Junhao.
This can be regarded as an indirect confirmation of Haoran Zhengqi's holdings, so some retail investors who had responded in the early stage and new investors also replied.
"Sure, you're quite capable. You grabbed a good stock right away. You're pretty lucky."
"I took a special look at the K-line. The big drop in the previous two days was not washed out? This new leeks are quite capable."
"What a shit luck, I actually caught a big bull stock."
"I can't hold on to this kind of stock even if I'm given it. Alas, I'm not destined to do that."
"That makes sense. What we want is to chase the rise and sell the fall. Holding a position for a week is considered long-term."
The short weekend passed just like that. On Monday, October 14, 2013, the two markets resumed trading. Due to the positive impact of performance that far exceeded expectations, a large amount of funds began to rush to buy in the call auction phase of Wangsu Technology, but the number of transactions was very small.
Most of the chips that can be washed out have already been washed out in the previous trading days, and those who remain are not stupid. It would be a pity to hand over the chips in the call auction stage with such a good news. What's more, many retail investors will not watch the market in the call auction stage, and usually wait until the market opens before checking the market.
At 9:25, the call auction ended and Wangsu Technology opened at 62.69 yuan, up 10%, opening at the daily limit.
Gu Junhao looked through the stock trading area of Wangsu Technology and found a large number of new comments.
"Haha, I bought 500 shares last Friday to catch the dip, but I didn't expect it to hit the daily limit."
"Look at this order, it's going to take at least three boards, right?"
"Unlucky, I got washed out on Friday. I was thinking I would buy it back if it opened lower today."
"Very good, very good. I hope there won't be a fight and we can have a meal of meat."
At this time, the daily limit of Wangsu Technology reached more than 3 billion yuan, and there were not many sell orders, and even fewer large orders. After several trading days of wide fluctuations in the ChiNext, and Wangsu Technology's deep correction, there were not many retail investors left. The main force chose to directly close the board at this time, which also shows that its chip collection has been completed.
"It looks like the market is unlikely to open today." At 9:30, the two markets opened for trading. There were sporadic small sell orders for Wangsu Technology, but no large orders to crash the market. The orders on the daily limit increased to 3.5 billion yuan.
The stock price rose to the daily limit and a large number of orders were placed. There was basically nothing to do today. Gu Junhao opened Taogu Bar, took a screenshot of his holdings and posted it in the thread. At this time, most people in the replies already knew that their holdings were in Wangsu Technology, so there was no need to mosaic it anymore. It was time to show it.
As for manipulating the market, I am not qualified at all with my 200,000 yuan. Even if the main funds have really seen the post, they will not pay attention to me. I am not qualified at all.
"Since everyone has basically guessed today's position, I won't mosaic it. Today's position is fully traded and it has reached the daily limit. The intraday profit is more than 24,000 yuan, which is pretty good."
After a while, a new reply appeared in the post: "Hey, it's really Wangsu Technology, not bad, buddy."
"In a few trading days, the funds increased from 190,000 to nearly 250,000. It's quite a level."
"I suddenly realized that this guy hasn't had any intraday retracement since he opened the position?"
"Indeed, there are T levels."
"I'm so envious. I also looked at this stock a few days ago, but I didn't dare to buy it because it had increased several times."
"Brother, what do you think of the future of this stock?"
Compared to the previous few days, there are obviously fewer teasing and sarcastic replies in the posts at this time. After all, everyone is convinced by the profits, and some people have begun to ask about the stock's future outlook, which is a good start.
There is no need to operate today, so Gu Junhao is relatively relaxed. Seeing the reply asking about the outlook for the market, Gu Junhao also replied: "Still optimistic, you can intervene if there is a pullback."
At the morning closing stage, the Shanghai Composite Index performed mediocrely and the ChiNext Index also performed generally . In such an environment, Wangsu Technology's daily limit increase also attracted considerable attention in the market, and the comments in the stock trading area were significantly more active than usual.
Influenced by yesterday's positive news, Su Mingyu couldn't wait to return to the dormitory after lunch. He turned on his computer immediately to check the trend of Wangsu Technology.
"It actually hit the daily limit? And there are so many orders, isn't it too strong?" Su Mingyu said happily.
Then he thought of Haoran Zhengqi’s post in Taoyuan Bar. It was just as this guy said, the stock price reached its daily limit today. Su Mingyu switched the interface to Taogu Bar and found Haoran Zhengqi’s post as soon as possible.
"Hey, this guy stopped mosaicing and started showing off." Come to think of it, the market atmosphere today is average. With this stock price and this increase, there is no point in mosaicing the picture unless you don't post a screenshot.
The stock price has returned to over 60 yuan again, and it has returned in this way. Su Mingyu can basically judge the future market trend, so he is very happy. He is also more confident about the price of over 100 yuan that Gu Junhao is optimistic about.
"That's great. If I can get more than 100 yuan, my funds this year will be 1 million. Hehe, I can give my dad a surprise when I get home."
To be able to have such a return in 2013 is indeed something worth bragging about. Su Mingyu is a little impatient to show off in front of his father. However, he has to wait until the stocks are sold out before he can do so. He wants to let his father know that it is useful to spend some time on trading in waves, instead of just holding on to them.
When I was a student, I had the opportunity to earn 1 million by relying on my own abilities in stock trading. Just thinking about it is something to be proud of.
The next day, Wangsu Technology's stock price hit the daily limit just like the first day, reaching 69.96 yuan. The market value of the 3,900 shares of Wangsu Technology held by Gu Junhao also reached 268,944 yuan. The feeling of having a full position and the stock price hitting the daily limit is really good.
The performance of the two markets today was average. The ChiNext showed signs of diving around 2 pm. Affected by this, Wangsu Technology also had a small increase in volume, but it did not open the daily limit.
In Gu Junhao's opinion, Suwang Technology's performance is not reflected in the current stock price at all. However, it is impossible for such blue chip stocks to continue to rise by the daily limit. Most of these stocks rise slowly in a three-step-forward-one-step-back manner. It is a pleasant surprise to have two daily limits. Therefore, it is understandable that some funds stop profit and exit in this process.
Although the trend of rising to the daily limit is very cool, I don’t have enough funds now. A trend like this of taking three steps and looking back is more beneficial to me. I can do T in the process to increase profits.
Of course, the premise is that I can't T fly, which will increase the cost. However, I have already judged his expectations, and the probability of T flying is not high.
At 2:40 p.m., Suwang Technology once again increased its trading volume, with several large orders of 5,000 and 3,000 lots sold. At the same time as the large orders were sold, the daily limit orders disappeared and the daily limit was opened.
"It looks like another batch is going to be washed out." Gu Junhao pondered as he saw the ChiNext Index plunge and the daily limit briefly opened.
However, this position was washed out, which was profitable for most retail investors. They could not buy yesterday, and they could only buy in the previous few trading days. The only difference was the amount of profit. The main force of Wangsu Technology was relatively generous.
For retail investors, it is really hard to find a stock that does not trap them. The supervision now is not as strict as in the future. The main players' tactics are sometimes undisguised, and many retail investors are often trapped to the point of death.
However, the opening did not last long. When the stock price fell slightly to 68.80 yuan, a series of orders appeared again, quickly pulling the stock price back to 68.96 yuan. With the reappearance of large orders, Suwang Technology remained above the daily limit price until the closing stage, and the overall stock price performance was extremely strong.
At 3 o'clock, Suwang Technology's total trading volume for the day was 176 million yuan, nearly five times higher than yesterday's 36 million yuan, and the turnover rate reached 2.54%. It is highly likely that there will be no more consecutive gains tomorrow.
Looking back on today, in terms of the overall performance of the two markets, the overall performance was not ideal. There were more declines than increases in the two markets, especially a dive in the ChiNext in the afternoon, which made market sentiment go bad again. All major hot concept stocks fell. Although the index did not fall much today, from the emotional point of view, adjustment is imperative.
Both markets performed sluggishly throughout the day, with the Shanghai Composite Index fluctuating below the zero axis throughout the day. At 1:40 p.m., both markets plunged, with the Shanghai Composite Index's decline widening to 0.73%. The ChiNext Index fell below 1,380 points, a drop of 1%.
In the following twenty minutes, the index rebounded slowly and the decline narrowed. The Shanghai Composite Index finally fell 0.19% with a turnover of 138.5 billion yuan, and the ChiNext Index fell 0.28% with a turnover of 32.7 billion yuan.
After the market closed, Gu Junhao posted his holdings on Taoguba as usual , and added a caption.
"Today, Wangsu Technology continued to hit the daily limit, with total assets exceeding 260,000 yuan, and continued to move towards the goal of 1 million yuan."
Compared with the previous trading days, the replies to posts today were obviously much faster, and the activity of the posts was also much higher than the previous trading days.
After all, with a daily limit as a foundation, investors in Taoguba may not be very interested in your accumulated profits over the past few trading days, but as long as you get a daily limit, they will definitely pay special attention to you.
This is the characteristic of the retail investor group. They want the price to reach the daily limit as soon as they buy. Even if it rises by 1%, they will still shout about the daily limit. But the daily limit is not that easy to get. Most stock prices still have their own rules.
"Awesome! Another one-line board. Lying down and counting money every day. How comfortable would this life be?"
"I thought he was a newbie, but he turned out to be a big shot."
"To be honest, it's pretty impressive. The total number of trading days is less than a week, and the principal has increased from 190,000 to more than 260,000, with a return rate of 36%."
Looking at these increasing comments, Gu Junhao was very happy in his heart. He also gained a lot of fans today, from single-digit fans in the previous trading days to double-digit fans. He believed that with today's daily limit and subsequent increase in profits, the growth rate of fans will become faster and faster.
The first fan who followed me, "Mephilius", also sent me a private message, and there were some other sporadic private messages.
The other private messages were basically about stocks, which Gu Junhao was too lazy to pay attention to. However, Mephilius's private message was about discussing the market trend with him, which was a bit rare.
"Brother T, although Wangsu Technology has reached its daily limit, the overall market situation is quite ugly. It fluctuates at a low level every day."
What the hell? Why do you call yourself Brother T? Is it because you are a T?
"Why do you call me Brother T? Actually, the market is good now. There are hundreds of billions of transactions every day, which is much better than the beginning of the year. There is no need to worry ." Gu Junhao replied.
Compared with the market at the beginning of the year or earlier, this year's trading volume has obviously increased significantly, especially in the ChiNext. The increase in trading volume has also gradually pushed up the ChiNext index to create a new high.
Whether it is the overall market or a specific stock, no matter how optimistic you are or what your expectations are, it will not rise without trading volume. Trading volume means that there is capital involved, and only then will there be expectations.
At 5:30 pm, the Dragon and Tiger List was updated, and Suwang Technology appeared on the list. From the Dragon and Tiger List after the market, the main seller of Suwang Technology today was China Merchants Securities Chuncheng Didu Road Sales Department, which sold 41.7139 million yuan, but an institution appeared in the fourth selling seat, selling 4.6134 million yuan. The main buyers were relatively evenly distributed, with buyers one to four ranging from more than 20 million to more than 10 million. The overall data of the Dragon and Tiger List is still relatively optimistic.
"Today, there are still some hot money investors who are in charge. However, the selling order of this institution is a bit strange. It only sold more than 4 million. It doesn't seem like they are going to sell it, but more like they are expressing something." Looking at the Dragon and Tiger List, Gu Junhao pondered.
"It stands to reason that if institutions want to sell, the price will definitely not be able to close today. It is impossible for them to sell only such a small amount. But no matter what, the daily limit for two consecutive trading days is still a big profit."
In two trading days, I earned more than 46,000 yuan, which is enough to cover my salary for half a year. It turns out that finance is more profitable. No wonder everyone said in the past that industry was difficult and starting a business was the first wasteful behavior.
However, looking at the large volume today, there is a high probability that Wangsu Technology will not be able to continue to rise tomorrow. After two trading days of big increases, the stock price has also created a new high, and there have been a lot of gains. It is estimated that someone will take profits tomorrow.
On Wednesday, Wangsu Technology opened at 70.28 yuan, up 1.19%, marking the first time it opened above the board after two consecutive trading days.
