Chapter 112: The Stunning Dragon and Tiger List
Excluding Gu Junhao's sell order, there were still thousands of sell orders on Yinzhijie's daily limit. At two o'clock, Yinzhijie, which had been capped for an hour, finally couldn't hold on any longer and opened the board.
After delisting, the share price of Yinzhijie did not fall sharply, but fell back to fluctuate above 18.20 yuan. Perhaps the main funds did not want the share price to collapse so quickly. Yinzhijie has been the focus of the market recently, and today there was a sudden good news.
In this case, if the stock price collapses, it will be difficult to gather popularity again in a short period of time. After all, no one likes people who eat alone.
Yin Zhijie, which broke the board and fluctuated for half an hour, closed again at 2:30. The funds' willingness to go long today is still very strong. There are no large orders to crash the market at this time, but Gu Junhao did not feel sorry after selling it.
Even if the main capital was playing tricks on him and he sold out, he still had a profit of 37.87%, or more than 1.6 million yuan. Such a rate of return in four days was already beyond expectations.
After selling Yin Zhijie, Gu Junhao looked at the delivery note of Tong Huashun again. From the opening of the market in the afternoon to 2:30, the stock price of Tong Huashun had been fluctuating between 13.76 yuan and 13.84 yuan, and the trading volume was not lower than yesterday.
At 14:45, Tonghuashun fell slightly to below the yellow moving average of the day, but rose again at the close. The stock price closed at 13.78 yuan, up 1.77% on the day, with a turnover rate of 6.09%, much higher than yesterday's turnover rate of 3.35%.
In an hour and a half, the trading volume was not low, and Gu Junhao's 5,000-share position was naturally sold smoothly, with a return of 6.9 million yuan. Combined with the 5.927 million yuan liquidated by Yin Zhijie, Gu Junhao can be said to have significantly reduced his holdings today.
Current account status: Tong Huashun holds 5,000 lots, with a market value of 6.89 million yuan, and available funds in the account: 12.827 million yuan.
Both markets performed well today. The Shanghai Composite Index rose 0.77% to close at 2050.23 points, with a trading volume of 68.6 billion yuan; the ChiNext Index rose 2.50% to close at 1338.97 points, and the trading volume also climbed to 29.19 billion yuan.
Following yesterday's adjustment, the two markets surged again today, and the trading volumes of both increased. Gu Junhao didn't know whether he made a mistake in reducing his positions, but he had to do so for the safety of his own funds. Yinzhijie had seen an unexpected surge in the past four trading days, so it was understandable for him to stop making profits.
Tonghuashun is currently fluctuating in a narrow range. It is also normal for me to take advantage of the current high position to reduce my positions and lower my capital risk. In this way, no matter whether the stock price rises or falls in the future, I can stay in a safe mode.
If I really sell it out, there is nothing I can do. I will just find a chance to buy it back. Besides, I still have a position of 5,000 lots, which is not a small amount. If it rises sharply, I will be able to make a profit.
However, when at 5:30, the three-day increase deviation value of Yin Zhijie reached 20% and appeared on the Dragon and Tiger List, Gu Junhao realized how right he was to liquidate Yin Zhijie.
"Fuck, these institutions are such shits." Looking at the Dragon and Tiger list, Gu Junhao couldn't help but swear. These institutions really played too many tricks. Fortunately, he cleared his positions.
From the data , it can be seen that the first to fourth selling seats of Yinzhijie are all institutional seats. The first selling seat sold 33.32 million yuan, the second selling seat sold nearly 20 million yuan, and the third and fourth selling seats sold about 15 million yuan.
These four institutions sold nearly 84 million in total, plus the 9.99 million yuan sold by Huatai Securities Xicheng Jiefang West Road Branch, the five selling seats sold a total of about 93 million yuan.
"What a pity! These people are such bastards. They sold so much and I thought I could make it onto the Dragon and Tiger list today." Gu Junhao felt a little bit sorry that he was not on the list today, but facing such a market crash by the institutions, the minimum selling amount was nearly 10 million, and he could only express his helplessness.
The funds that took over in these three days were from the big seats in Qingchun Road, Hangzhou, and the Guotai Junan trading unit. The Guotai Junan trading unit has been quite active recently, and they can also be seen on Dafu Technology’s recent Dragon and Tiger list.
It seems that the brokerage firm's proprietary funds are mainly used for the second pull-up. The brokerage firm has plenty of funds, so there is no need to worry about the collapse of Yinzhijie. However, the adjustment time will definitely be long. The brokerage firm has no shortage of time and has enough patience to slowly work on the market.
A long adjustment period is also a good thing for me. I had originally planned to use the fund account to build a position in Yin Zhijie next month. I don’t know whether I will appear on the Dragon and Tiger List when I liquidate my position. By then, my seat will also be an institutional seat.
Well, now that I think about it, I shouldn't have scolded them just now, as I will be a member of a shitty institution in the future. However, Yin Zhijie is lucky that the big guys and the brokerage firms are taking over the orders. If it were ordinary hot money, it would be impossible for these four institutions to take over with such crazy selling.
"What a fantastic operation! I admire you so much." These four institutions must have made a lot of money, but Gu Junhao thought it was a bit short-sighted. They were so impatient to push up the price and sell. It was obvious that Yin Zhijie had not reached the limit yet.
"Okay, let's go home after get off work and fight again tomorrow." Gu Junhao, who had made a lot of money and successfully reduced his positions today, was in a good mood and walked out of the office quickly.
Thursday, May 29; Metaphysics Day has arrived.
Both markets opened lower; as the long holiday approaches, there has been a vacuum of market news recently, but this is also good, as no news is the best news.
As the short holiday approaches, treasury bond reverse repurchases are often more popular than stocks. There is a reason for the low opening, but I don’t know whether it will open low and continue to fall.
Yinzhijie was probably affected by the sentiment of yesterday's Dragon and Tiger List. It opened at 18.35 yuan today, not as strong as after the previous daily limit day. During the call auction, funds were in a wait-and-see mood and only 1,600 lots were traded. However, Yinzhijie's stock trading area was very lively.
Tonghuashun opened at 18.73 yuan today, 5 cents lower, returning to the diving price at the end of yesterday's trading. Most of the stocks in the two markets opened lower.
Market sentiment has cooled down today. The call auction phase is similar to Tuesday morning. It seems that there will not be much market movement today. So you can choose stock targets today.
Regarding the specific holding rules of the fund, Gu Junhao decided to advance both long-term and short-term investment based on this round of bull market. In the bull market, brokerages will definitely take the lead. Now that Dongfang Wealth has it, it will be enough to have another brokerage stock.
The brokerage sector may not necessarily have the highest growth rate, but in a bull market, the profits are definitely the most stable. With the support of two brokerages, the fund account can at least be guaranteed to make a profit that meets the standards. Gu Junhao chose among the brokerage stocks and finally selected Xibu Securities.
In line with the principle of only investing in small and medium-sized growth companies in this round and not selecting large-cap stocks from the Shanghai Stock Exchange, Gu Junhao did not choose the leading brokerage firm CITIC Securities, but instead selected Western Securities, which was listed in May 2012. This is a relatively new brokerage stock, which has been listed for just over two years and has not experienced any violent speculation. It is unknown whether it can bring some surprises.
The reason why I made this choice was that in my previous life I had invested in a newly listed brokerage stock and made a lot of profit. Unfortunately, that stock has not been listed yet, otherwise I could have chosen it directly.
If he hadn't been afraid of having to explain to investors and leaving a radical label on the outside world when liquidating, Gu Junhao would have wanted to just go all in on Dongfang Wealth. With a total of only 32 million in funds, the plate of Dongfang Wealth after the ex-rights period could easily accommodate that.
"Dongfang Wealth, Xibu Securities, Yinzhijie, Wan'an Technology."
Xibu Securities follows the logic of securities firms + new stocks. Even if there won’t be too big surprises in this round, the increase will not be too bad, and the profit margin is sufficiently guaranteed.
In addition to its securities firm attributes, Dongfang Wealth's investment logic also includes its innate Internet genes and advantages, which give traditional securities brokerage business and fund sales the wings of the Internet. This also makes Dongfang Wealth's market expansion marginal cost smaller and its penetration stronger.
It is this gene that has created the famous Tibetan Mastiff.
Yinzhijie has analyzed the logic before, so there is no need to repeat it here; as for Wan'an Technology, as an auto parts company, the fundamentals of Wan'an Technology itself are not particularly good, but at that time it took advantage of concepts such as Internet of Vehicles and driverless driving, and its stock price also soared.
Since 2013, small and medium-sized growth stocks have been best at concept speculation. Under rounds of concept speculation, stock prices have soared, but in the end, as performance cannot support it, they will return to where they came from.
In an era when such concepts are flying all over the place, even some stocks with poor fundamentals will have a round of explosive growth. It is impossible to completely avoid them, and it is also a good idea to make some money by following the trend.
Among these four holdings, except Dongfang Wealth, which can be held for a long time for swing operations, the other three will be liquidated after this round. Wan'an Technology may do another swing, but the other two must undoubtedly be abandoned.
Yinzhijie's holding logic is similar to that of Wangsu Technology and Dafu Technology. It will make a large round of swing operations, liquidate and take profits after the expectations are met, and no longer buy.
As for Xibu Securities, if you hold on to a small brokerage firm during a stock market crash or a bear market, you are simply asking for trouble.
There are four now, and one more should be enough. For the five stock targets, the average holding value of each stock is 6.4 million yuan. This position allocation is still relatively reasonable.
Gu Junhao has actually seen a private equity fund that went all in and invested heavily in a single stock. For example, a certain internet celebrity, the kind with millions of fans on social media, raised a fund based on his fan base, but the fund ultimately ended up being liquidated at a net value of 0.4.
To use his own explanation, his heavily invested stocks encountered a black swan and suffered four limit downs in a row, and he could not escape; however, Gu Junhao suspected that the stocks were taken over by someone else. After all, this guy did not have a good reputation and often fooled people on a certain blog.
At one point, Gu Junhao accidentally saw him singing praises of a certain sector every day, but at that time he thought that this sector had already reached a high level. Out of curiosity, he looked through his previous remarks and discovered that this guy was shorting this sector... Of course, this guy also ended up working on a sewing machine, and the charge was that he had privately set up an off-site options trading platform.
Therefore, no matter what you do, you must not violate the rules, especially when it comes to money; this has always been Gu Junhao’s bottom line.
