Chapter 101: Full warehouse again in May
May 16th, Friday, Gu Junhao did not go out today; he had basically obtained all the investment he could, and had almost done all the things he should do. He was just waiting for the human resources director to come for the interview on Monday. If he was qualified, the rest of the things would be handed over to him.
The account has been empty for more than a week, and it is time to buy some more stocks. It is not a good idea to let the funds sit idle.
The most important thing is that Tonghuashun is ex-rights today. It is a good opportunity to buy now. The share capital has increased and the price has dropped. The 16 million in my hand should be able to buy a lot of chips.
For more than a week, although Gu Junhao was out soliciting investments every day, he did not neglect stocks. He would always take time to review the market trends on every opening day and summarize the news over the weekend.
"It seems that the only way for personal accounts is to do Tonghuashun, because it is his fault that the ex-rights are earlier."
Private equity funds do not have as strict requirements on holdings as public equity funds. Some private equity funds even have a full position in a single stock, and there are also many private equity funds that help others take over the stock. Gu Junhao certainly would not do this. Not to mention whether this would damage his reputation, he still wants to work in Beicang in the future.
Tong Huashun and Dongfang Wealth are the two stocks that he wants to buy. However, if Gu Junhao uses his personal account and fund account to operate the same stock at the same time, there will always be suspicion of violating regulations, especially if he buys the stock in advance with his personal account, it is even more difficult to explain.
Tonghuashun has an ex-rights date earlier, so my personal account will only invest in this stock, while the private equity fund can focus on Dongfang Wealth and some other stocks.
From the 7th to the 15th of this month, a total of seven trading days, the Shanghai Composite Index has always maintained a range of 60 points between above 2000 points and below 2060 points, and the amplitude range is getting smaller and smaller. In Gu Junhao's opinion, the time for a change is approaching.
During these seven trading days, the ChiNext Index has fallen much more than the Shanghai Composite Index, especially yesterday, Thursday, the statutory falling day, when the ChiNext Index fell 1.94% and returned to 1253.88 points, returning the four-day winning streak from the end of last month to the beginning of the month to .
However, the Shanghai Composite Index did not perform much better yesterday. After all, it was Thursday. Yesterday, the Shanghai Composite Index also fell 1.12%, and a negative line swallowed up the gains of the big positive line on the 12th.
After more than a week of busy work, Gu Junhao did not miss out on the opportunity due to his short position. Instead, it gave him the opportunity to buy at the bottom. The ChiNext Index has returned to 1,250 points.
Just when Gu Junhao was busy with the overnight news, the phone rang. Gu Junhao picked it up and saw that it was Su Mingyu.
"Hey, why did this guy call directly?" Normally, the two of them chat on QQ, and direct phone calls are relatively rare.
"Hello, Xiao Su, why did you think of calling me?" Gu Junhao said as he picked up the phone.
"Brother Gu, do you have time this weekend?"
"I've been busy lately, but I'm a little free this weekend. What's up? What's going on?"
"It's like this, Brother Gu, you are going to do private equity, so I plan to make some money with you and invest some money. I wonder if you have time to come to Yang City and give me a chance to entertain you once."
"If you want to buy funds , then you are most welcome to do so. But aren't your own stocks doing well? And aren't you studying in Zhu City?"
"Haha, I'm not the only one investing, my dad and my two uncles are also investing, but they want to meet first, and I'll be back after class today." After a pause, Su Mingyu continued, "Stocks and funds are both good. Just because I do it myself doesn't mean I won't buy funds, and I believe that Brother Gu's fund returns will definitely surprise me."
Su Mingyu's words surprised Gu Junhao. Su Mingyu actually persuaded his family to buy fund shares together, which was something he had never thought of.
After a pause, Gu Junhao said, "Thank you, Xiao Su, for your support. Brother Gu will remember this favor. I will buy the ticket right now and send you the flight number later."
As a person who has the ability to trade stocks independently and has a stable level of profit, Gu Junhao would definitely not bother to buy funds. The reason he can spend a large sum of money to buy other parties' funds is nothing more than optimism or favors.
The same is true for Su Mingyu's family. They all have independent stock trading capabilities. From his words, we can tell that they have at least a 4 million share. Although I have given him guidance several times and helped him make some money, it is far from the point where I need to repay him with at least 4 million in funds.
Regardless of whether he thinks highly of me as he says, Su Mingyu's favor is quite significant, but I don't have to refuse it. I can just repay him with actual benefits.
There are no direct flights from Ningbo to Yang City. One has to land in Yangcheng or Shenzhen, and then take the high-speed rail or car to Yang City. Gu Junhao decided to rent a car after arriving in Yangcheng, which is more convenient.
After the two agreed on a rough meeting time for tomorrow, Su Mingyu went to class, and Gu Junhao was about to start today's transaction. Speaking of which, this was the first time he had traveled far away since his rebirth.
At 9:25, the call auction ended and both markets opened lower. The Shanghai Composite Index opened at 2023.60 points and the ChiNext Index opened lower at 1250.38 points, testing the support position.
Tonghuashun's stock price reached 27.50 yuan in the early trading session of the previous trading day, and then plunged due to the influence of the index, and finally closed down 2.64%. The trading volume increased significantly compared with the previous trading days, and the turnover rate was as high as 5.38%.
After the ex-rights today, Tonghuashun finally opened at 12.84 yuan, the same low as the index. As for another target Dongfang Fortune, it fell slightly after creating a new high of 21.35 yuan on the 13th. It performed relatively strongly on Thursday, forming a high-level cross-yang trend, but it still opened low at 20.67 yuan today.
Trading started at 9:30 and the Shanghai Composite Index began to protect the market with a stable performance. The index also fluctuated around the red market position, but the space was still very small, and the ChiNext Index continued yesterday's performance.
The ChiNext Index performed weakly. After opening, it rebounded slightly to 1252.59 points before turning around and moving rapidly downward. The index quickly fell below the support level of 1250 points.
Tonghuashun was the first to fall on the market, quickly falling from the red price of 13.36 yuan to 12.81 yuan, a drop of 4%. Dongfang Fortune followed suit, with its share price plummeting 3%. Major concept stocks also fell.
"The 1250 level was broken, and the gap was not filled. It looks like it's going to go to around 1200 points."
The rapid decline of the index and individual stocks is a good thing for Gu Junhao. It has always been his idea to buy the bottom at 1,200 points of the ChiNext, but he didn't expect that he would catch up today.
At this time, Gu Junhao no longer cared about the fact that he had already made a small loss on the 200 lots of Tong Huashun that he had tentatively placed in the call auction in the early trading session. Instead, he hoped to make more losses so that he could buy more and cheaper chips.
Panic on the ChiNext market accelerated, and Tonghuashun fell to 12.20 yuan in an instant, a drop of 5.4%. There is nothing to say, just keep buying.
There is no need to worry about whether you can buy at the lowest price. This price is already very cheap. It has fallen by more than 5% today. If it falls further, it will only lose a few points.
As for the probability of a margin call, it is even smaller. I don't deposit 16 million yuan at one time, but buy it in batches. If it continues to fall, my cost will not be too high in the end. Not to mention if it rises, I will still make money.
At the price of 12.20 yuan, another 1,000 lots were purchased. Gu Junhao's 1,000 lots were not a small order. Together with the purchase of some other funds, it also caused a small movement on the market. Tong Huashun was instantly pulled up to the price of 12.40 yuan.
In an era of small trading volume, it is normal for one or two million yuan of funds to create a small movement on the market. Gu Junhao didn't care about it. He just waited for a moment and continued to buy after the trend stabilized.
The index is still falling. Some stocks on the ChiNext Index fell sharply today. The market sentiment shows that retail investors are extremely panicked. The break of the support will naturally make some people lose faith. What's more, the index has fallen by nearly 5% in less than one and a half trading days.
This can't help but remind some people of the scene last year when the ChiNext Index fell 7% in a single day, and slogans of a stock market crash appeared in countless stock trading areas.
After the unusual movement, Tonghuashun returned to normal, fluctuating in the price range of 12.22 to 12.37 yuan. Gu Junhao bought another 1,000 lots at an average price of 12.28 yuan. This time he was smart and did not place an order for 1,000 lots directly. Instead, he bought in real time according to the large and small orders on the trading quotation, which did not cause the stock price to fluctuate.
The speed is a bit slow, but there is nothing we can do. During the period of range fluctuation, the trading volume has shrunk a bit, and being able to buy 1,000 lots is already considered good. This is not the kind of period in later generations where a single stock can easily trade billions.
While Gu Junhao was buying little by little, at 10:40, the ChiNext Index widened its decline to 2% again, and Tonghuashun also fell again, falling to 12 yuan, with the decline widening to 7.17%.
It has fallen by more than 7%, which has caused more panic selling and facilitated Gu Junhao's position building. Gu Junhao bought nearly 3,000 lots around the 12 yuan price, and the total market value of his holdings has exceeded 6 million yuan.
At 11:15 am, Tonghuashun's share price fell to 11.80 yuan, with a daily drop of 8.89%. The share price hit a new low since 2012. However, this was also due to the ex-rights factor, so it did not actually create a new low.
But no matter what, the K-line always shows a new low in the past two years. Gu Junhao still maintains a continuous buying attitude and buys another 2,000 lots at an average price of 11.9 yuan.
At the midday close, Tonghuashun closed at 11.92 yuan. Gu Junhao bought a total of 7,200 Tonghuashun shares, with an average cost price of 12.06 yuan, and a daily floating loss of 1.17%.
The ChiNext Index closed at 1218.84 points at noon, down 2.87%. The Shanghai Composite Index was also affected by the ChiNext's second dive in the morning, and the index turned green and closed at 2019.03 .
The ChiNext led the two markets to plunge, and market sentiment was extremely pessimistic at noon. Some retail investors were still cursing in the morning, but by noon, no one was talking about stocks anymore, and the topic turned to driving.
Even the VIP customer base of Zhongtai Securities has been cursing more and more. You have to know that these are all big investors. Under the current market conditions, there are almost no new investors among the big investors who remain in the market.
"It seems that this wave of sentiment in the morning has fallen to the right level. I have to speed up the process in the afternoon." More than half of the positions were built in the morning, and there was still a position of more than 7 million yuan in the afternoon. This time, Gu Junhao planned to fill it all within today, just in time to take advantage of the fact that today's stock price is near a new low.
As long as Tonghuashun does not hit a new low next Monday, it can be safely held for a period of time. Although this bottom-fishing method is very risky and the stock price has not fully stabilized, it is better to fill up the margin position directly. If it continues to fall sharply for several days, Gu Junhao will have to consider the risk of a margin call.
However, seeing that the index has fallen to around 1218, and has returned to the two strong support levels in November and December of late 2013, Gu Junhao judged that it is still worth taking the risk.
Unity of knowledge and action. If you have made a judgment, just do it. Whether you can make money or it is up to the market.
At 1 p.m., the two markets opened and the indexes continued to bottom out, seeking new support points. However, after Tong Huashun fell first in the morning, it showed signs of stopping the decline in the afternoon.
After the afternoon opening, Tonghuashun quickly moved up to 12.24 yuan, and then maintained a price range of 12.16 yuan to the midday opening price of 11.93 yuan, and never fell below the morning low.
At 1:40 pm, both markets bottomed out and rebounded, with the Shanghai Composite Index hitting an intraday low of 2012.69 points and the ChiNext Index hitting a low of 1210.81 points before beginning to rebound.
Tonghuashun's stock price rose slowly, reaching 12.17 yuan at 2 o'clock. After falling back to 12 yuan half an hour later, it moved up again to 12.36 yuan at 2:30, close to the yellow moving average of the day.
In two hours, Gu Junhao also completed the position building with the remaining funds, and purchased another 6,000 chips at an average cost of 12.19 yuan, totaling 13,200 chips, with an average holding cost of 12.12 yuan.
In the last half hour of trading, Tonghuashun saw a small rush of chips, and the stock price was pulled up above the yellow moving average of the day. It closed at 12.49 yuan for the day, down 2.96%. The turnover rate was as high as 6.35%, and the transaction volume reached 332 million yuan.
In the afternoon, Tonghuashun undoubtedly performed stronger than the index, with its stock price pulling back more than 6% from its lows. Gu Junhao bought 16 million yuan of chips today, and the trading volume accounted for 4.8% of the total. If there was a Dragon and Tiger List today, it would definitely be on the list again.
Gu Junhao is not worried about whether such a large purchase within one day will be discovered by the main funds. It doesn't matter if it is discovered. The main funds are unlikely to deliberately disrupt the trend for their own 16 million chips. At most, they want to get themselves out of the game by washing the market.
To take a step back, if I don't disclose my holdings now, the main funds don't know who I am or how much money I have to continue buying, so my attitude towards dumping the market may become more cautious.
Different from Tong Huashun's strong afternoon performance, Dong Fang Fortune's trend today is somewhat similar to Tong Huashun's trend the day before its ex-rights date. At the close of today, Dong Fang Fortune fell 6.11%, closing at 19.50 yuan, and its transaction volume also reached 495 million yuan.
As for the index, the Shanghai Composite Index was protected by its weight in the afternoon and finally closed in the green at 2026.50 points. However, the trading volume had shrunk to 51.6 billion yuan, which was already a new low in the past 10 trading days.
Following yesterday's sharp drop, the ChiNext Index fell again by 2.19% today, breaking through the 1250 support level and closing at 1226.47 points. The total trading volume for the day was 18 billion yuan, up from yesterday.
As for Dafu Technology, after clearing its positions, after five consecutive trading days of rebound, it also followed the index and fell 6.22% today. However, today's closing price of 34.70 yuan is still nearly 1 yuan higher than the closing price of 33.75 yuan on the first trading day of May, and the range fluctuation trend is obvious.
"Okay, okay. I didn't expect to make a profit today." Looking at the floating profit of nearly 500,000 yuan in the account, Gu Junhao was very happy.
My original expectation was that I would be satisfied if it closed around 12 yuan, but I didn't expect it to be quite strong at the end of the trading day. I currently hold 13,200 lots, and I don't know when I will have the opportunity to experience the feeling of a 10,000-lot market crash.