Chapter 147: A Weekend of Good News
Gu Junhao stayed in the trading room all day on Friday. No matter what, apart from today, there is only one trading day left in June, June 30th. It is better to stay in the trading room for the last two trading days of the first month after the fund went online.
At the end of the day's trading, the ChiNext Index failed to hit 1,400 points, but it once again set a new high since June, and finally closed at 1,388.82 points, up 0.18 %. A red cross star appeared on the K-line to end this week's trading.
At the same time, the turnover of ChiNext exceeded 30 billion again after yesterday, setting a record of 34.6 billion yuan; this week also ended with an increase of 4.11%.
As for the Shanghai Composite Index, it rose slightly by 0.11% today to 2,036.51 points, with a trading volume exceeding 70 billion yuan. Gu Junhao did not choose to announce the net value of Junshi No. 1 this week today.
The net value of private equity funds does not need to be disclosed to the public. Only investors can inquire about the net value of the fund through the fund manager. The reason given by Gu Junhao for choosing not to disclose it is that there is only one trading day this month, and it is reasonable to disclose it at the end of the month. There is no need to waste manpower to do it again.
It just tells investors that the fund's net value continued to rise this week. Even though it underperformed the index this week, Junshi No. 1's returns have maintained a steadily upward trend since the third week of operation. This week's net value also successfully broke through 1.1. This is due to the fact that nearly a quarter of the stocks in the portfolio were suspended.
Otherwise, with this week's rebound, the probability of Xibu Securities rising is still very high. Even though Dongfang Wealth performed poorly in Gu Junhao's opinion, dragging down the overall trend of the fund, it still rose by 2.32% this week.
"Well, there's nothing much to say about this week. The market is so good, but our performance is worse than the previous two weeks. This is my responsibility, not yours."
At the routine review and summary meeting, Gu Junhao also took the initiative to assume responsibility. This is the pain of buying the right sector (small and medium-sized enterprises) and the wrong stock. He watched everyone's stocks rise while his own shares performed flat.
This is not the first time this has happened, and it will never be the last, so there is nothing to be ashamed of. You should take responsibility for what you should take.
"No, I think the boss is great. How many funds can reach a net value of 1.1 within three weeks of opening a position?"
"That's right. Besides, my Xibu Securities was suspended this week, which also seriously affected the net value of the fund."
"That's right, Boss, you always say that fast is slow and slow is fast. It would be great to maintain this steady upward trend."
"Okay, stop flattering me. The last trading day of this month is next Monday. We will update this month's positions by then. Be prepared to work overtime."
"Boss, you really wronged us. We are doing this sincerely." Xu Jianqing said dissatisfiedly. The three of them really did not flatter him. The return rate in three weeks after going online was over 10%. Such performance was considered very impressive in the entire industry.
What's more, he was a rookie fund manager who did it with three rookie subordinates. You have to know that the outside world had been very pessimistic about them before.
"If Ruoyu continues to reduce his holdings on Monday, Tingting, find an opportunity next week to transfer all your funds to Xibu Securities. I will liquidate Hailanxin at the right time and allocate this part of the funds to you."
Xibu Securities also issued a resumption announcement after the market today, suspending trading for one week and resuming trading next Monday; the private placement was approved by the board of directors as expected, and it is only waiting for the final approval of the China Securities Regulatory Commission.
In fact, Xibu Securities can be bought at any time period after the resumption of trading. This is also the reason why Gu Junhao decided to increase his holdings. There is no hope for Hailanxin, and the positions of other stocks are already reasonable. It is more appropriate to increase positions in stocks with significant potential benefits.
In the future, I will follow the three principles of not buying that I followed in my previous life. Any stocks with military industry concepts cannot be held as long-term targets. There is no problem with short-term holdings, but there are many short-term opportunities, so there is no need to buy this concept.
“Also, next month is the window period for announcing second quarter results. Changes in results are bound to accelerate stock price fluctuations. You should make good use of this opportunity.
I still say that, except for Dongfang Wealth, you cannot reduce your positions. Do everything possible to use the changes in stock prices to increase your chips. Do you understand?"
"clear."
"no problem."
"I have no problem at all, haha. This time my position is higher than yours, which makes you look down on Xibu Securities before." The boss asked to continue to increase the position in Xibu Securities, which also made Liu Tingting very excited.
"What's the use of your high market value now? The real climax will be to see who has the highest market value after the closed period." Xu Jianqing said disdainfully.
"Okay, now that you understand, it's time to get off work. Have a good rest over the weekend and we'll see how you perform next Monday." Gu Junhao was full of anticipation for the upcoming July.
Over the weekend, after being in a state of confusion for almost half a month, good news came. Driven by the recovery in May and June, the GDP in the second quarter of 2014 actually grew by 7.5%, up 0.1 percentage point from the first quarter.
At the same time, at the end of June 2014, the broad money supply M2 increased by 14.7% year-on-year, and the balance of RMB loans increased by 14.0% year-on-year, both of which rebounded significantly.
The steady growth of the economic situation is optimistic trend that is also reflected in the research reports of some securities firms. Leading securities firms have released a second quarterly macroeconomic review and outlook report.
The research report predicts that the economy will continue to stabilize in the second half of the year. With the support of a series of policies, the global economy, previously led by the US economy, will enter a recovery phase. GDP is expected to grow by 7.5% in the third quarter and 7.6% in the fourth quarter. At the same time, the GDP growth rate for the whole year of 2014 was raised to 7.5%.
This research report was delivered to Gu Junhao by Xu Yan via email. With the expansion of the market intelligence department and the support of his subordinates, Xu Yan no longer had to work like a 007 as before.
The power of one person is limited. No matter how strong Xu Yan's personal ability is, he is always inferior to a team. The establishment of the team also made Gu Junhao feel that the money was well spent, and the information collection was incomparable with before.
"Oh, you are getting busier and busier. I hardly looked at stocks on weekends before, but now you not only have to analyze stocks, but also deal with company affairs." Zhang Yiru, who was lying on the sofa watching TV series, sighed.
The weather was too hot and the two of them didn't want to move, so they stayed at home. Zhang Yiru originally wanted Gu Junhao to watch TV series with her, but after watching for a while, he was alone with a computer handling company affairs.
"Do you feel a sense of regret for asking your husband to seek a title?" Gu Junhao said shamelessly.
"Forget it. If you go out and take the wrong road, you will run into someone richer than you. I just feel that starting a business is not easy."
"That's right. I used to think that after recruiting the right candidates for various positions, I could just be a hands-off boss. But it turns out that there are still a bunch of matters, big and small, to deal with. No wonder everyone lists starting a business as the first choice for spending money." Gu Junhao also sighed; this is not only a waste of money, but also tiring.
If your girlfriend is dissatisfied, then stop what you are doing and try to comfort her; some things can be done during the day.
"What are you doing? Stop making a move. I asked you to watch the show with me."
"The show is not as good as you."
In front of his family, Gu Junhao always shows a different face, not so guarded and a little childish; but after arriving at the company, little Gu turns into President Gu. This is probably the two sides of human nature.
…
Monday, June 30, 2014, was the last trading day of the first half of the year and also the day of Junshi No. 1’s first monthly exam.
"Everything that needed to be said was said last week, and the weekend news will be summarized before the market opens. Now everyone should return to their respective positions and execute the operation plan." After the morning meeting, Gu Junhao said to the three people.
"Don't worry, Xiao Xu, pay attention to Yin Zhijie. I've also sent you the news from the weekend. There's a high chance that his stock will rise sharply today. Don't lose your chips."
Among the fund holdings over the weekend, there are two stocks with potential positive news. The first is Yinzhijie, which has substantial positive news for its main business and the probability of a sharp rise today is very high.
On the policy front over the weekend, the outline of the plan for building a social credit system mentioned increasing the construction of a credit database, which was a great stimulating news for Yin Zhijie.
As for the other one, Hailanxin, which Gu Junhao looked down upon, it was the first time that Huaxia was invited to participate in the exercise. It was exciting news for the military industry sector. It was clear whether Hailanxin would take advantage of this to hype it up.
But no matter what, if you don't like it, you still don't like it. Even if it is hype, it just gives yourself a better price to clear your inventory.
After the call auction, the Shanghai Composite Index opened high at 2038.64 points, and the ChiNext Index opened flat. After resuming trading, Xibu Securities failed to satisfy retail investors and opened at 10.68 yuan, 2 cents lower.
At least judging from the opening trend of Xibu Securities, it was consistent with Gu Junhao's judgment. In addition to him, five stocks in the fund account, including Dafu Technology, all opened higher.
HaiLanXin and YinZhiJie had the most exaggerated performances. HaiLanXin opened at 16.20 yuan, jumped up and rose 5.19%, while YinZhiJie opened at 17.00 yuan, jumped up and rose 8%.
"Boss, Yinzhijie has a big gap." The closing price last weekend was 15.74 yuan, and the stimulation of a piece of news caused it to jump up 8%. The determination of the multi-party funds can also be seen from the trading volume in the call auction.
"I see. Don't touch him. Just keep an eye on Dafu Technology." Yin Zhijie's stock is already on the daily limit. The policy news has a positive stimulus on performance, so a daily limit is the minimum.
Dafu Technology also performed well today, opening at 36.80 yuan. From the purchase cost of 34.50 yuan on that day, there is already a profit margin of 2.3 yuan per share. After consolidation, Dafu Technology seems to be showing signs of starting again.
"Let's get started. Ruoyu, execute your plan to reduce your holdings. Today you have to reduce your holdings to 2 million. Xiaoxu, go play with your short-term trading. Yinzhijie, don't move. Dafu Technology can consider doing T, but the position cannot be increased. As for Tingting, you can do it yourself."
