Chapter 111: Substantial Reduction of Holdings
Calculated based on the price of 14.75 yuan on the ex-rights date, Yinzhijie's increase was only 13.08%, which indeed did not meet the third point. The intraday amplitude did not exceed 15%, and the turnover rate did not reach 20% in three days. These three points are reasonable.
As for the first point, it is completely possible to publish the list on the day of the daily limit. The 10.01% increase on that day only took advantage of the good market conditions on that day. It is really a bit far-fetched to say that it did not make it into the top five.
By the evening, the rest of the investors also responded one after another, saying that the funds would arrive within five working days after the signing of the contract at the latest. In this way, the first fund should be able to establish a position around mid-June.
The clients have a total of 30 million yuan in funds. Should I add some more to make it 35 million yuan? At present, apart from the 2 million yuan of subscription funds that have been prepared (including the 150,000 yuan from Zhang Yiru and Liu Ruihuan), the remaining funds have been invested in the company's operations.
The company currently has more than a dozen employees to pay salaries, as well as various expenses; it has already spent nearly one million yuan before opening for business, not to mention the cost of buying a car. Although the formal operating expenses may not be so large, it will still cost more than two million yuan a year.
However, during this year, the fund was in a closed period and had no other income. It relied entirely on its own subsidies, so even if it wanted to increase the subscription amount, it would be difficult to do so.
At present, apart from the market value of nearly 19 million yuan in the stock account, I only have a few hundred thousand yuan in savings. This few hundred thousand yuan, apart from some reserves, also has to be used for living expenses, which seems a bit stretched.
"What are you thinking about? You look like you have a frown on your face? Is there a problem with the private equity?" Zhang Yiru asked when she saw Gu Junhao sitting on the sofa with a troubled look on his face after answering several phone calls.
"Oh, no. There is no problem with fundraising." Gu Junhao immediately said what he had just thought about. He didn't expect that he had made tens of millions in a year by trading stocks full-time. Now that he had opened a company, it seemed like he had returned to the time when he first entered the stock market during the National Day last year.
"If you don't have enough money, don't apply. If you really can't afford it, you can buy 1 million yuan yourself, and you can save 1 million yuan."
As she spoke, Zhang Yiru held Gu Junhao's hand and said, "Don't be so anxious. Just get through this year. I believe you will succeed."
"When you are doing stocks, don't you always say that fast is slow and slow is fast? The same is true for making money. Don't think about making a lot of money at once, but make it slowly and steadily."
"Yeah, just get through this year and don't worry about it. But there's no need to lower the subscription amount." Gu Junhao had actually figured it out just now, and after Zhang Yiru's persuasion, he let go of his obsession.
In fact, I was too anxious. I started the private placement before my own funds reached a certain level. It can be said that I was not prepared. Fortunately, the fund raising was relatively smooth, otherwise such a huge investment would have been wasted.
This is also why Gu Junhao wanted to make the net value of his first fund look good before the stock market crash came, so as to establish his own reputation in the industry. Otherwise, if he waited until he was fully prepared before launching private equity, the stock market crash would come by then, and it would be too late for him to start his own business.
Ultimately, I'm afraid that time waits for no one. But since I've already done it, I'll just have to grit my teeth and everything should be fine by this time next year.
"Okay, stop thinking about it, go take a shower and go to bed."
"Okay, here I come."
…
Wednesday, May 28th.
The weather in Ningbo has entered summer, and there are only three trading days left in May. I hope the market will be as hot as the weather.
After thinking about the money issue yesterday, Gu Junhao felt that he should focus on his personal account for the time being, otherwise the company would have no money to operate. As for the company's affairs, he would leave them to his subordinates.
All staff except the cashier are in place, and the cashier can officially start work next month; everyone has his or her own duties, and except for the fund business department, other staff have more or less their own things to do.
The three people in the Fund Division currently have nothing to do because the fund has not established any positions. However, Gu Junhao gave them a task, which is to use a simulated trading platform to operate Dongfang Wealth. He asked the three of them to do T in it and record their trading experience. Gu Junhao would check it from time to time, and whoever has the highest profit in the end will be the team leader.
If the profit is negative, continue to do T for one month. If it is still not qualified after one month, it will be cleared.
The three of them were college students who had just graduated and entered the society not long ago, and they did not have much social experience. After being fooled by Gu Junhao and showing them his posts in Taoguba, they were full of confidence and determined to keep up with their boss.
Although Xu Jianqing is a bit rebellious, he is not the kind of middle school boy. When he first came to the company, he saw that the boss was younger than himself, and he thought he was some rich second-generation who was experiencing life. Later, he heard that the boss had just graduated from high school, and he probably looked down on Gu Junhao in his heart.
However, since the salary was not bad, Xu Jianqing originally planned to work for a month or two and then run away depending on the situation. However, after Gu Junhao held a small meeting with the three of them and saw Gu Junhao's actual performance, he put aside his pride, started to work seriously, and his rate of return slowly returned.
Most people will always involuntarily admire the strong, and Xu Jianqing is one of them; the other two traders, Wang Ruoyu and Liu Tingting, are easier to deal with than Xu Jianqing. Wang Ruoyu is not talkative and looks a bit like a otaku, while Liu Tingting is a girl with a gentler personality.
The two were quite satisfied with their current situation. Although being a T was quite boring, the daily working hours were not long. It was difficult to find such a job that paid little for little. When Gu Junhao just assigned the task, the two of them started to work honestly.
The two markets opened with mixed gains and losses today, with the Shanghai Composite Index opening low at 2034.56 points and the ChiNext Index opening high at 1306.29 points.
Although the Shanghai Composite Index opened low, it did not break the five-day trend line. During the morning call auction, the overall sentiment in the two markets seemed to be recovering.
Tonghuashun and Yinzhijie both opened low. Tonghuashun opened at 13.52 yuan, which was not much lower; Yinzhijie opened at 16.34 yuan, which was 2.5% lower. The trends of these two stocks were different from the ChiNext Index.
When the official trading started, both markets went up; Tonghuashun quickly turned positive, and Yinzhijie stopped its downward trend and moved up after 2 minutes of shock and decline, when the stock price fell to a low of 16.10 yuan.
"Today's market sentiment seems to be okay."
The five-day support line of the Shanghai Composite Index went directly upwards, and the ChiNext Index also rose rapidly, as if setting the tone for today.
At 9:40, Yinzhijie turned positive, and after turning positive, Yinzhijie became even stronger, and the stock price quickly broke through the 17 yuan mark; 17 yuan was equivalent to the 34 yuan price before the ex-rights price, and the stock price was 2.5 yuan higher than the 31.50 yuan before and after the ex-rights price.
Yinzhijie seems to prefer transfer. This is the second time it has carried out a 10-for-10 share transfer since its listing on May 28, 2010. However, there are rights issues after each round of transfer. Coincidentally, today is the fourth anniversary of Yinzhijie's listing.
At ten o'clock, a thousand-hand sell order appeared on the Yinzhijie market for the first time, but it did not bring down the stock price. There was a lot of money to take over the orders, and the thousand-hand sell order did not cause any waves. Instead, it added support. The price of Yinzhijie quickly rose from 17.30 yuan to 17.50 yuan.
However, the emergence of such a thousand-hand order is also worth noting. Judging from the trend on the ex-rights day and the next day, Yinzhijie's main force has a very high degree of control over the market. A thousand-hand sell order cannot bring down the stock price, but a three or four hundred-hand buy order in the trading market can quickly pull up the stock price.
Only four minutes had passed, and the trading data remained the same, but Yinzhijie's stock price had reached 18 yuan, with a daily increase of 6.6%.
"Big orders are placed, small orders are accepted, and we need to pay attention to the turnover." At present, Yinzhijie has not seen a significant increase in volume, and the turnover has increased slightly. It seems that some of the goods were sold in this process.
At 10:05, a sell order for 669 lots appeared on Yin Zhijie's transaction interface. However, at this time, there were no buy orders of two or three hundred lots like the previous two times. The largest order was only 73 lots.
"The integer mark of 18 yuan, today's upper limit price is 18.35 yuan; it looks like it will fluctuate and consolidate." After reading Yin Zhijie's market language today, Gu Junhao didn't dare to do T, for fear of getting trapped.
Doing T during the day is either a helpless method of using limited funds to increase chips in the process of being optimistic about the stock price in the long term, and the ultimate goal of making a profit still depends on the rise in stock prices; T should not be done when the stock price is in a downward trend.
Although Yin Zhijie himself is optimistic about his future market, he currently only intends to make a short-term investment in this account. It has been rising sharply for four consecutive days. The distance from 18 yuan to his cost of 13.31 yuan has already achieved a profit margin of 35%.
The stock price of Yinzhijie is already close to the pressure level of the five-day line. If you do T today to try to make a few points of profit, it will be counterproductive if it hits the pressure line and falls sharply tomorrow. It is not impossible for short-term stocks to fall sharply after a continuous rise.
It is most appropriate to find an opportunity to sell today, even if it retreats a few points. Moreover, although it is now fluctuating downward, the stock price is still fluctuating around 17.70 yuan, and the decline is not large.
If you cannot distinguish the language of the market well when watching the market, then remember to be impatient. You will rush in impatiently when you see a rise, and panic sell when you see a fall.
Oftentimes, for investors, there is a very important saying: "When you are eager to buy, wait a little longer; when you are extremely panicked and want to sell at a loss, wait a little longer."
After nearly 20 minutes of consolidation, Yinzhijie once again hit a new intraday high at 10:40, with its share price at 18.11 yuan, up 8.58%.
“Looking at the situation, the stock price may reach the daily limit today.” Yes, if the stock price doesn’t reach the daily limit to boost popularity, not many products can be sold based on the current volume.
Let's wait and see. When it was at 18.11 yuan just now, there was no large order to follow up, so Yinzhijie could only turn around and fluctuate downward again. This time the decline was larger than before, and it did not stop falling until it adjusted to 17.32 yuan. 17.32 yuan was the intraday average price at this time.
At the midday close, Yinzhijie closed at 17.70 yuan, up 6.12%. If this trend continues, as long as Yinzhijie does not fall below the intraday average price today, it will not be able to escape the Dragon List today. Then we can see what kind of funds are behind such excellent operations.
Another holding, Tong Huashun, also performed well in the morning, closing at 13.79 yuan at noon. The trading volume and turnover rate increased by less than the previous trading day. Considering that the previous high after the ex-rights was 13.88 yuan and it was facing pressure from the 10-day line, Gu Junhao decided to reduce his holdings in Tong Huashun in the afternoon.
Tomorrow is Thursday again. During this year’s stock market observation, the number of times the market rose on Thursdays can be counted on one hand.
The previous high, the ten-day line plus the support of Thursday’s metaphysics, if we reduce our positions today and there is a big rise tomorrow, we will have to accept it.
"What price should I put and how much should I reduce it by?" Gu Junhao thought about this question while eating.
The highest price of Tonghuashun in the morning was 13.87 yuan, one cent lower than the previous high, and the closing price was 13.79 yuan. The trading volume in the morning was close to 100 million yuan. In the afternoon, I placed a small order at the price of 13.80 yuan. It should not be a problem to place a half position of 5,000 lots, right?
Then let’s do it. I will place an order after dinner and sell as much as I can. Well, I did this because I thought about my lack of money last night. Otherwise, I would be too lazy to move with such small fluctuations. But after all, I also hold 10,000 lots of Tonghuashun shares. Even if it retreats one point tomorrow, I can make a lot of money by buying them back.
Both markets performed well in the morning, both closed in the green, and most of the stocks rose more than fell; when the afternoon session opened, Gu Junhao continued to keep an eye on the trend of Yin Zhijie. Tong Huashun's half-position order of 5,000 lots had been placed in 30 transactions at noon. There was no need to worry about it, just sell as much as he could.
After Yinzhijie opened in the afternoon, it continued to fluctuate between 17.70 yuan and 18 yuan. At 13:15, Yinzhijie's market moved abnormally, and for the first time in the day, there were more than 1,000 buy orders, 1,500 lots; the stock price was pulled up to 18.12 yuan, a new high for the day.
During the same period, a pop-up window appeared in the lower right corner of the trading software: For financial security reasons, financial institutions will stop using foreign brand products, and relevant policies may be implemented.
"What do you mean? Information security?" Why send this kind of information during trading hours? It can also be sent after the midday closing or afternoon closing. Suddenly, Gu Junhao had an idea.
"No, Yinzhijie's main business is to provide this type of product and service to banks. This is a sudden good news." No wonder there was an unusual movement just now. It should be that some funds have reacted.
At this time, Yinzhijie's stock price has risen to 18.25 yuan, and there is no sign of stagnation. There is great hope that it will hit the daily limit today.
At 1:30, a large order of over 5,000 lots was placed, with Yinzhijie reporting a price of 18.35 yuan. This was followed by a block order of nearly 30,000 lots. However, a sell order of 10,000 lots immediately appeared on the market, and the block order quickly decreased to 20,000 lots. However, the funds seemed to have a strong desire to block the market, and another 30,000 lots were added.
"This should be the result of some quick-witted speculators coming to close the market." Unfortunately, Yin Zhijie's main players have too much control over the market, and it is quite difficult for speculators to come in and make money.
After observing for five minutes, another sell order of 6,000 lots of Yin Zhijie appeared. Seeing this, Gu Junhao no longer hesitated and cleared his 3,230 lots of Yin Zhijie, earning 5.927 million yuan.
