Chapter 139: Thoughts on Adjustment Day
After coming out of Zhang Jun’s office, Gu Junhao came to the R&D department again, said hello to Lao Lu and his former colleagues, and then left Deye Technology.
"Leader, what is Xiao Gu doing now?" Sister Li asked curiously. Just now, Lao Lu took Xiao Gu out, and after a while , Lao Lu came back alone. Sister Li thought he had left.
At that time, I was wondering why this guy became so rude after he went out, and he didn't even say hello to his colleagues when he left. I didn't expect that he had been in the company all the time, and I didn't know where Lao Lu took him.
"He started a business and opened a small company." Compared with Deye, Junshi Investment can indeed be considered a small company, and Lao Lu is not wrong.
"Now that he has started a company, this kid has a bright future; alas, it seems it is impossible for him to come back to work." Sister Li sighed.
"Yeah, it's impossible to come back." Lao Lu is a technician. Putting aside personal feelings, although Gu Junhao does not have a high level of education, he is still very smart and good at learning. For a technical man, such talents are worth cultivating, but nowadays it is completely impossible.
As usual, as long as he didn't need to rush back to the company, Gu Junhao would stop by to have lunch with Zhang Yiru and then go back after lunch.
It was the same today. After the two of them had lunch together, Gu Junhao returned to the company. It was already the afternoon opening time, so he did not go into the trading room to exercise their independent thinking ability.
"Hey, boss, you came back but didn't go to the trading room." Li Xinyu said curiously.
"You said I was doing the work of a fund manager all day and not doing the work of a general manager. I will be a general manager for a day today."
"If you hadn't gone out this morning, you would be in the trading room now."
"Stop talking nonsense and do your job." Gu Junhao scolded with a smile. The young assistant had asked the general manager in the morning why he didn't bring an assistant with him, but he ignored her; today he was visiting in a private capacity and it was not appropriate to bring an assistant.
If you are discussing business or signing a contract, you can definitely bring her along.
Without paying any more attention to the assistant, Gu Junhao turned on his computer and checked the market even though he did not go to the trading room. He did not check the morning transactions, but today was still a one-sided downward trend. The Shanghai Composite Index fell below the five-day line at the opening and further tested the 60-day line in the afternoon.
The ChiNext Index also fell below the 5-day trend line. Yesterday's pullback could be regarded as a normal pullback. However, today both markets fell below the 5-day line. I am afraid no one dares to say that this is a normal pullback.
"It looks like the ChiNext Index can't hold the 10-day line and is about to fall back. I don't know if the index can hold the 60-day line."
Both the Shanghai Composite Index and the ChiNext Index are testing the 60-day moving average.
Looking at individual stocks, today's decline is much greater than yesterday's, and it seems that everyone has become short overnight. Among the fund holdings, all stocks except Dongfang Wealth fell, and the personal holding Tonghuashun also remained in a low amplitude stage.
"HaiLanXin's turnover rate today is a bit high. Has the main capital returned?" It was only 2 o'clock at this time. Although HaiLanXin was still in a unilateral decline, the trading volume and turnover rate had increased a lot compared with yesterday.
Gu Junhao thought for a while and felt that it was not surprising that hot money came back. This stock was very volatile. Since its restart, the turnover rate had never been lower than 10%. It was not surprising that hot money liked this type of stock.
Let’s wait until the Dragon and Tiger List comes out tonight. Looking at HaiLanXin’s turnover rate today, it is highly likely to exceed 20% again, because the turnover rate has reached around 18% at this time.
However, the trend of Dongfang Wealth is somewhat strange. Since the Internet finance sector rose abnormally the day after, Tonghuashun opened low and continued to fall. Today has entered the second adjustment day.
After forming a very small negative cross yesterday, Dongfang Wealth bucked the trend and turned positive today, although the amplitude is still very small.
"I don't know how those three guys are doing today, or whether they have done anything." Gu Junhao whispered.
The three people that Gu Junhao was thinking about were also talking about Gu Junhao in the trading room at this time.
"There have been two consecutive days of sharp declines. Fortunately, the boss was resolute, otherwise the fund's drawdown rate would have been a bit high this time." Among the four holdings, Dongfang Wealth did not fall much, Xibu Securities fell by about 3%, and the other two fell by more than 10%. Although it is only a quarter of the position, this decline will not have much impact on the fund's performance.
However, the funds saved after a substantial reduction in positions can also be used to buy a lot more chips.
"The boss is too rule-abiding. If you ask me, since you have made the right judgment, you should just clear all your positions. Anyway, you only have 5% of the position now, which is almost the same as clearing all positions." Xu Jianqing said.
"You can't say that. There are no strict requirements, but you still have to save face. You have to make money, but you can't make all the money. If you do that, it will be difficult for you to get along in the future."
"That's right. Do you think we should buy some? It's been hard not trading these past two days, especially since my target stock has dropped a lot." Xu Jianqing asked the two.
"You decide for yourself. But do you dare to buy Dongfang Wealth in its current state? I definitely won't buy it." Wang Ruoyu said with a smile.
"Tingting, what about you? Your worthless stock has already dropped by 3%, which is almost the same as its fluctuation in half a month. Aren't you tempted?" Xu Jianqing asked Liu Tingting again without giving up.
"Mine has fallen below the support level of 10.90 yuan, and I'm still losing money. But this also shows that the boss and I were at least half right in our judgment. I'll buy when the boss says it is. It will probably not reach that level today." Liu Tingting said with a smile.
"Oh, it's uncomfortable not trading. How about I buy 100 shares? The boss won't say anything, right?" Xu Jianqing was really itching to do it.
"You'd better not do anything stupid. Although the boss won't interfere with our transactions, it doesn't matter if you are fully invested now, but aren't you seeking death by buying 100 shares?" Wang Ruoyu glanced at him and said.
"Oh, forget it, performance is more important, just be patient." The itchy hands have to be cured. Knowing that the index is in the process of falling and breaking, but still wanting to buy is really a bit suicidal.
At the closing time of three o'clock, the three people did not trade as they did yesterday; following the decline yesterday, both markets ended in the red again today, with the Shanghai Composite Index down 0.54% and the ChiNext Index down 0.98%. More than 70% of the stocks in the two markets were in a downtrend.
Junshi No. 1 also retreated for two consecutive trading days, but today Dongfang Wealth finally closed with a false negative line upward trend, so the fund's retracement rate is not high, and the loss is only more than 30,000 yuan, which can be ignored.
"Let's review the situation. I don't know if the boss is back yet." Although there was no trading today, the diary still needed to be written. Xu Jianqing took out the diary and wrote carefully: "I felt very itchy today, but I finally resisted. I feel that I have made progress again."
In the office, Gu Junhao was also reviewing the market and thinking about tomorrow's strategy. Today, both the Shanghai and Shenzhen stock markets broke the upward trend, with the Shanghai Composite Index testing the 60-day line and the ChiNext testing the 10-day line.
Although the combined decline of the index in two trading days was less than 2%, the performance of individual stocks, especially small and medium-sized enterprises, was terrible, with many stocks falling by more than 10% in two trading days.
Tomorrow is Thursday again. There is no incremental funds in the off-market, and some funds in the market have a need to withdraw. I don’t know whether the market will fall or not, but it is certain that the market will be supported during the intraday test.
"It looks like tomorrow will be an opportunity." There are currently more than 40 million yuan in the account, and it seems that I have to reallocate my positions. Wan'an Technology has fallen 6% in two trading days, and today's closing price has fallen to 9.63 yuan. It is time to start building a position.
"And there is Tong Huashun. We can't forget about him. We have to bring him back." Tong Huashun has retreated nearly 3% from the upper limit price of 14.82 yuan when he sold it to today's closing price of 14.40 yuan.
Currently, Tonghuashun is still above the five-day line. Regardless of whether the stock price rises or falls tomorrow, partial buying will be started in the afternoon. With a trading volume of 16 million, it will take several trading days to complete the position again unless the volume increases again.
"It's really frustrating when the stocks I'm interested in have no trading volume every day." Gu Junhao leaned back in his chair and couldn't help but complain. The trading volume was really frustrating.
It is no wonder that even if most investors really copy the chips they want at the bottom, many people rarely get a real rising period. This kind of bottoming market with low trading volume is really too uncomfortable.
"Boss, you are really obsessed with stocks. You said you won't go to the trading room, but you are just changing the place to look at stocks. I haven't seen you manage anything about the company."
"What do you mean I didn't take care of the company's affairs? Didn't I sign a few documents this afternoon? Besides, there is no way the boss can do everything himself. Otherwise, why would I spend so much money to hire you?"
"Yes, yes, but it's half past five. Aren't you going to get off work, boss?"
"I'll leave later, you go over first." I was waiting for half past five, otherwise I would have left long ago.
"Okay then, see you tomorrow, boss!" Li Xinyu said excitedly. It was great to be able to get off work on time. Her boss was quite nice in this regard. She heard from others that some bosses would be unhappy and make trouble for their employees if they saw them leaving get off work early.
At 5:30, the Dragon and Tiger List was refreshed, and Hailanxin's turnover rate of 21.39% today still made it on the list again. Today, Hailanxin still suffered a severe decline of 4.72%, closing at 15.15 yuan.
"Sure enough, it's the world of hot money again, and Xiahe Road is back in the spotlight." The familiar Huatai Securities Xiahe Road Securities Branch in Xia City bought four seats, bought 8.0307 million yuan, sold 2.2462 million yuan, and had a net purchase of 5.7845 million yuan.
This should be the beginning of building a position. Except for Xiahe Road, the top three buying seats had a net purchase of more than 10 million yuan, and the first buyer had a net purchase of 15 million yuan.
However, the most eye-catching thing on the HaiLanXin Dragon and Tiger List today is not the buying seats. The five buying seats bought about 54 million yuan, which remained above the usual buying level of the HaiLanXin Dragon and Tiger List.
What was unexpected was the selling position of Hailanxin today. The first seller, Haitong Securities Didu South Street Securities Branch, sold as much as 109 million yuan, and the second to fourth sellers all sold more than 10 million yuan. The five seats sold a total of 166 million yuan!
The first time a sell-one seat appeared on the Dragon and Tiger List was the day when Gu Junhao built a position, June 9, but he did not buy much at that time.
"Clear the inventory at this position? There's no profit here, and there's a high probability of losing money." Gu Junhao was a little confused.
Judging from the Dragon and Tiger List before the ex-rights date, there is no doubt that Hailanxin was previously controlled by one or more institutions. The Nan Dajie Sales Department, which appeared on the Dragon and Tiger List for the first time, is very likely to have continuously increased its holdings in the following trading days and finally reached the market value of more than 100 million yuan after liquidation today. The probability of making money is not high.
"Forget about it. If he doesn't manage well, there will be someone to take over. It's a good thing that he has smashed so much." Today, the net outflow on the Dragon and Tiger List is as high as 112 million. The daily trading volume of 525 million is impossible for retail investors to take over under the current circumstances. It is highly likely that big funds are secretly absorbing chips, otherwise the decline of Hailanxin today would not be only 4.72%.
"It seems that I have made a big profit from the hot money and also fleeced the institutions, haha!" Gu Junhao couldn't help feeling proud after selling all his shares. As for fleecing the institutions, our little classmate Gu seemed to have forgotten that he is also an institution now.
