Chapter 159: Tong Huashun's Two-time Board
It was late at night, and Gu Junhao, who had just finished his work, took a shower and returned to his room. Just as he was about to go to bed, Zhang Yiru, who was lying next to him, suddenly asked, "Your own account has reached its daily limit today, but what about the fund? I heard that the market is not doing well today."
From Monday to Tuesday, except for Tuesday, the market conditions on the other trading days were not ideal. Even Zhang Yiru, who usually does not pay much attention to the stock market, knew that the market conditions were not good.
Those people who were shouting last week that the ChiNext would aim for 1,800 points are now too embarrassed to speak out. But it doesn’t matter, they will jump out again in the next round of rebound.
"The fund account still has a drawdown today, but the drawdown rate is not large, so it's okay." Speaking of this, Gu Junhao also had a headache. He is reluctant to sell his two existing holdings, Wan'an Technology and Xibu Securities, and the trading volume is not large either.
It is not yet time to build positions in the other two targets. Judging from the trend of the ChiNext, this round of decline should not end so soon, and if so, the retracement rate will be further exacerbated.
It is unknown when the adjustment will be completed. Whether the funds in the account should be used for some short-term operations to control the retracement rate of the positions is exactly what is giving Gu Junhao a headache.
Short-term operations are not that easy to do, especially when there is a downward trend. It is definitely not okay to have too large a position. With only 2 million in Xu Jianqing's account, the profit is relatively limited.
"If your personal account has surged but your fund account has retreated, will investors have any objections?"
"What's your opinion? I can't make money every day. Besides, the targets of the two accounts are different. I am not on the Dragon and Tiger List now, so they don't know what I bought."
"That's fine. I don't have to worry about it then. Go to sleep."
…
July 11th, Friday, Liu Tingting took a day off today, and there were only three of her kind left in the operating room.
Liu Tingting's positions are already fully invested. After asking Gu Junhao, she found out that she had no trading plans for Xibu Securities today. With Gu Junhao's consent, she started to take a break today.
Gu Junhao did not favor one over the other. The trend of Yinzhijie was the same as the ChiNext Index. There was no trading plan today either. The only thing that was a little uncertain was Dongfang Wealth.
However, I don’t have any trading plans for Wan’an Technology. If Dongfang Wealth needs to build a position, I can handle it by myself.
So when Liu Tingting asked for leave, Gu Junhao's original intention was to give all three of them a day off. It is rare to have a smooth day under the current trading model, and it will not be easy to have such an opportunity again in the future.
Wang Ruoyu didn't want to take a holiday because she was unsure about the specific trend of Dongfang Wealth; but to Gu Junhao's surprise, Xu Jianqing also didn't plan to rest. In his words, the free air-conditioning in the trading room was more comfortable.
However, Gu Junhao knew that what he said was an excuse, and he couldn't help but sigh in his heart. It is really not easy to make a person who tries not to work as much as possible change like this.
On the last trading day of this week, both markets continued to open lower, but individual stocks gradually stabilized since yesterday, and today's opening was better than in previous trading days.
Dongfang Wealth and Xibu Securities opened high, Yinzhijie and Wan'an Technology opened flat, and Tonghuashun led the sector, opening at 16.10 yuan, jumping up 4.07%.
Dafu Technology, which hit the daily limit in the late trading yesterday, opened higher as expected, with the share price at 50.01 yuan. However, its trading volume in the call auction phase dropped to less than 1,500 lots, and the attitude of capital relay was obviously much more cautious.
"Dongfang Fortune's high opening was driven by the sector, right?" Wang Ruoyu asked Gu Junhao. Dongfang Fortune also opened high yesterday, but eventually it opened high and ended low, and it only rose by 2 cents during the trading session.
"Well, its downward trend has not stopped yet. It's just the impact of the sector." Although Dongfang Wealth opened 1.6% higher today and even had a small upward gap, Gu Junhao still maintained his bearish view on Dongfang Wealth.
The actual trading volume during the call auction period is not large, and the pressure level is obvious. In an environment where the general trend is upward, it is impossible for such stocks with too large a market cap to reverse quickly unless the trading volume can rise again to the previous daily average of 500 million to 600 million.
In stock market transactions, capital determines everything. If the trading volume of a stock does not increase, it will only rebound but not reverse; this is also valid for the index.
When the ChiNext Index rose for six consecutive days, the trading volume remained at around 35 billion yuan, with no obvious increase. After a few trading days, when the volume no longer continued, the index continued to fall this week.
After the trading officially started at 9:30, Dongfang Wealth was hit by a large amount of funds, 11,652 lots, and a capital amount of up to 13 million, which quickly pushed Dongfang Wealth to the flat price of 11.25 yuan, and the upward gap was filled in an instant.
At the same time, Tonghuashun was hit hard by bulls and its stock price rose rapidly.
"What a pity! If that huge order of 10,000 shares just now was a buy order, the situation would be different."
Big funds have the power to reverse the situation, at least in the short term. Although the ChiNext Index continued to fluctuate downward today, the Internet finance sector had a good start under the leadership of Tong Huashun.
If the main funds of Dongfang Wealth can cooperate, this position may not be impossible to reverse.
"Boss, what do you think would happen if we had made a large purchase in the call auction just now?" Wang Ruoyu said thoughtfully while looking at the market.
The current amount of funds in Junshi No. 1's account is relatively sufficient. There are more than 13 million yuan of funds in Xu Jianqing's sub-account, and the total funds exceed 23 million yuan. If he really wants to influence the stock price at the beginning of Dongfang Wealth's opening, it may not be impossible.
“You can, but it’s not necessary; our goal is to follow the big money and make enough profit, not to blatantly snatch profits from them.”
Everyone in the family knows their own business. Although others don’t know whether the purchase of more than 20 million will be followed up by follow-up funds, it is an indisputable fact that the total funds are limited.
More than 20 million yuan of funds may be able to sustain a few days of growth in some small-cap stocks, but it is not enough for Dongfang Wealth. This can be seen from the tens of thousands of sell orders that crashed the market at the beginning of the opening.
With these 10,000 sell orders, it would be easy to cause a limit down in stocks like Wan'an Technology and Xibu Securities, which have low daily trading volumes.
However, in Dongfang Fortune, Wanshou only dropped 2%. During the five-minute fluctuation, Dongfang Fortune closed at a minimum of 11.20 yuan, and then the stock price rose to the red market.
"No need to look anymore, let's take a look at Tong Huashun today." The main funds of Dongfang Wealth have no intention of following or taking back the leading position, so Tong Huashun is undoubtedly the leader today.
At 9:35, Tonghuashun's price rose to 16.50 yuan, an increase of 4.83%. There were few sell orders on the market, but large buy orders continued.
"What a pity. The boss bought a lot of Tong Huashun in his personal account, otherwise he could have gone in and done some short-term trading yesterday or today." Xu Jianqing said with some regret.
"It's a bit of a pity. It looks like the trend today is to double the previous one." Tonghuashun's average daily trading volume is not large. Except for yesterday's large-scale increase, the average daily trading volume has remained around 100 million yuan on other trading days.
It is very simple to hit the daily limit, especially when there are few sell orders. At this time, Tonghuashun's stock price has risen to 16.70 yuan, an increase of nearly 8%.
Judging from the daily line, the upper pressure level of Tonghuashun is at the 60-day line, near the price of 17.59 yuan, and except for the support of two upward gaps below, the positions of the 5-day line, 10-day line and 20-day line are all moved up driven by funds.
Today's daily limit price is still some distance away from the pressure level, so it is not impossible to rise to another daily limit.
"This trend is really like when Yangguang Power was started." Gu Junhao muttered in his heart. If nothing unexpected happened, yesterday's daily limit price of 15.47 yuan was the lowest price before Tonghuashun was launched.
Even if the increase this time is too fast, it will eventually fluctuate and pull back for a period of time, but you can buy it at the price of 15.47 yuan with complete confidence. The most it can pull back is to fill today's gap.
After reaching a high of 16.70 yuan, Tonghuashun began to fluctuate and adjust, but the amplitude was not large, maintaining a price range between 16.70 yuan and 16.50 yuan.
At 9:48, Tonghuashun's stock price moved again; at this time, it was only eight minutes away from the shock adjustment after the new high; a buy order of 1,450 lots pushed Tonghuashun's price to 16.80 yuan.
"Wow, this stock is going to hit the daily limit. Boss, it's hit the daily limit for two consecutive days. You have to treat us today." If Xu Jianqing can't see this trend anymore, he won't have to do short-term trading anymore.
"No problem, just order whatever you want to eat. Or I can give you red envelopes after get off work." Gu Junhao responded with a smile.
"Haha, let's forget about ordering food. We've almost eaten our fill at all the restaurants nearby. How about remembering that small seafood restaurant that the boss took us to last time was pretty good."
"Aren't you used to eating seafood?"
"You'll get used to it slowly. Besides, the other dishes in that restaurant are pretty good too, especially the fried spring rolls."
"You just want something expensive." Wang Ruoyu said silently. Liu Tingting took a leave and did not come to work today, so the responsibility of confronting Xu Jianqing fell on his shoulders.
"No, I just saw that Tingting didn't come. If we let the boss treat us now, Tingting will obviously suffer a loss."
Two minutes later, a buy order of 5,000 lots sent Tonghuashun to a price of 17.02 yuan, with a daily increase of 10.02%. The extremely strong Tonghuashun closed the board at 9:50, with a closing fund of 450 million yuan. Tonghuashun's real-time transaction volume was 130 million yuan.
Tonghuashun's closing of the board also stimulated Dongfang Wealth. The stock price surged from 11.30 yuan to 11.52 yuan, but then immediately fell. The trading volume could not keep up.
As Tong Huashun hit the daily limit, Gu Junhao was also silently calculating the market value of his holdings. This was an incredible amount, as high as 25.53 million yuan. Excluding the financing funds and interest, plus the transfers, his personal account had generated more than 20 million yuan in profits.
Speaking of it, the financing funds from the brokerage firm have been of great help to my entrepreneurship. Without this fund, I would not be able to support the normal operation of a private equity company with my own capital alone, unless I did not buy any stocks.
