Chapter 161: A Week-Long Slump
"This position doesn't seem to be a trick for retail investors to take over, and there's no need for it, right? They should be eager for retail investors to sell at a loss, and today's trading volume is not large."
Gu Junhao was somewhat puzzled by Wan'an Technology's unusual rise at the end of today's trading. Judging from the inflow of funds, it did not seem like selling but more like a rush to buy.
Today is Friday, so is there any news coming out over the weekend? If so, it must be that some important news from a listed company has been leaked in advance.
In short, don’t worry about these for now. Without special channels, you can only read the announcement if you want to know the news. However, Wan’an Technology’s late-trading rally was of great help.
Thanks to the surge in Wan'an Technology , Junshi No. 1's total assets finally remained at 47.6331 million yuan this week, only 96,600 yuan less than 47.7297 million yuan last week, and the retracement range was very well controlled.
The net value of 1.1908 still ranks second among its peers, and the gap with the first place has narrowed a lot. The first place also retreated this week, with a retreat rate of more than 1%.
Junshi No. 1 experienced its first drawdown since its establishment. However, compared with the entire market, it was able to maintain such a low drawdown rate without any money-making effect, which also surprised many peers. This young rookie fund manager is really too stable.
"Could this guy have shorted his position in advance again?" During the last market adjustment, with Gu Junhao's personal seat appearing on the Dragon and Tiger list, everyone could roughly analyze the changes in Junshi No. 1's position.
However, there was no operation on Gu Junhao's personal account this week. Apart from securities companies and regulatory authorities, no one naturally knows the specific position situation of Junshi No. 1.
Within a week, the Shanghai Composite Index fell 0.60%, the ChiNext Index plummeted 3.70%, and the weekly line fell below the five-day line. The bearish trend was obvious. Yinzhijie fell 8.07% this week, becoming the stock with the largest decline among Junshi No. 1's holdings.
The other two stocks, Dongfang Fortune and Xibu Securities, also had slight pullbacks; at 5:30 p.m., when the Dragon and Tiger list was updated, Tong Huashun, which was a favorite on Thursday and Friday, was on the list again.
Like Dafu Technology before, Tonghuashun released two lists today, one for the day with a daily increase of more than 7%, and one for the continuous increase of more than 20%.
Today, Tonghuashun's trading volume decreased due to the early closing time. However, the trading volume on the daily limit still exceeded 60 million yuan, and the intraday trading volume reached 199 million yuan.
Judging from the Dragon and Tiger list, institutions were the main buyers today. At the same time, well-known hot money seats such as Guotai Junan Ningbo City Rainbow South Road also appeared on the Dragon and Tiger list.
During the two trading days, a total of three institutional seats bought Tong Huashun heavily, and the purchase amounts were very close, while there was no sale.
"This is a signal that institutions are building up large positions." Xu Jianqing has not gone back yet, and is looking at the Dragon and Tiger list with Gu Junhao.
"The purchase amounts are almost the same. It seems that these three are either the same institution or a joint venture." Gu Junhao said, and at the same time he felt a little excited. He had already completed the position, and the institutions' purchases at this time were like carrying his sedan chair.
However, the three institutions have bought more than 40 million yuan, which is enough chips to smash the market. It is impossible for institutions to keep buying and building positions like this mindlessly, as this will only increase their own position building costs. It is estimated that Tong Huashun will experience adjustments again next week.
"Should I do a T next week?" Gu Junhao was thinking about this question. According to his habit, he definitely wanted to do a T during the adjustment period, even if it was a half-position operation.
However, Tong Huashun's Dragon and Tiger List is somewhat unusual; three institutions are scrambling to buy shares, and based on today's closing price, half of his position is equivalent to the chips bought by one of them this week.
It is hard not to arouse the vigilance of funds when doing T with such a large amount. If they find out and use funds to continue to push up the price and wash themselves out, then there will be no place to cry.
"Forget it, let's wait until the trading volume increases a little more. It would be a pity to lose chips at the bottom now." After thinking about it, Gu Junhao decided to give up the plan of doing T this time.
Tong Huashun’s trading volume on the day of adjustment was definitely not high enough. It would be much more difficult to buy again at that time, and I might not have time to buy a little every day. I couldn’t lose the watermelon to pick up sesame seeds.
After analyzing the Dragon and Tiger list, Gu Junhao and Xu Jianqing were about to go back when they suddenly discovered that Wan'an Technology had also issued an announcement.
"Oh my god, the news really leaked. I knew that the supervision is not so strict now, but I didn't expect it to be so blatant."
"The retail investors who sold today are probably cursing their mothers now." Xu Jianqing also said with a smile, most investors know that a rally at the end of trading is either a fraud or a theft.
Wan'an Technology rose at the end of today's trading, and the amount of funds increased several times. There is no need to sell at this position, so it is just taking advantage of the fact that retail investors are not calm enough in the last ten minutes of trading, and are eager to get out of the market, to achieve the effect of quickly building a position.
Wan'an Technology announced today that it has revised its performance expectations for the first half of 2014. Previously, the company had predicted in its full first quarter report on April 25 that its net profit for the first half of 2014 would increase by 80% to 130% over the same period last year.
Then today's revised announcement shows that after the performance revision, the company expects the net profit attributable to shareholders of the listed company in the first half of 2014 to be 34.15 million yuan to 39.40 million yuan, a year-on-year increase of 160% to 200%.
"The performance exceeded expectations, more than double the previous estimate. No wonder those who knew the news in advance resorted to such drastic measures. This is at least worth a daily limit." Xu Jianqing exclaimed.
"Yes, I bought several million at the end of the trading day. If the stock price hits the daily limit next Monday, I can get hundreds of thousands." The money is too easy to make, and people are really unscrupulous when supervision is lax.
It's a pity that the retail investors were misled into selling at the end of today's trading, and the stock price remained suppressed and fluctuated below 10 yuan throughout the day. From morning to the end of the trading day, they must have collected a lot of chips.
It seems that the amount of insider funds bought throughout the day should exceed 10 million, but such blatant behavior is bound to attract criticism.
"This is what people without vision are like. Never mind. This is a good thing for us too. Let's go off work." Gu Junhao shook his head and said, the performance exceeded expectations, so a daily limit should not be a problem.
As for the continuous daily limit increase, Gu Junhao had never thought about it. If there were really several daily limit increases in a row, the one who would be afraid would surely be the insider funds that entered today. If a large amount of profits were made through improper means, he would not be able to sleep at night.
"You can make a small profit in this way and possibly escape supervision. After all, there are many violations nowadays. Even if we trace back later, it is impossible to find every one of them. That would be too much work.
But if you are too greedy, the list will be pulled over your head sooner or later.
"Boss, we have 9,000 shares in our hands, how about we smash it when the time comes, hehe." Xu Jianqing also despised this kind of behavior. It is not a big deal to use insider information to make money.
"It's not impossible, haha. But I have to decide based on the specific trend." With 9,000 chips in hand, given Wan'an Technology's trading volume, it is still possible to smash the market by a few points.
But Gu Junhao would not be so impulsive. Everything is still based on making money. If he dumped the market and caused losses simply because he could not stand the behavior of certain people, Gu Junhao would not do such a thing.
However, Wan'an Technology's performance announcement did remind us that next week should be a busy period for first-half performance announcements, and it is estimated that the performance of the other three holdings will be released in a few days.
After coming out of the trading room and returning to his office, Gu Junhao saw Li Xinyu still in the office and asked in surprise, "Why haven't you left yet?"
"I'm just waiting for you, boss, to come out. I've been waiting for quite some time. If I hadn't had something else, I would have left long ago." It was Friday and I wanted to leave early, but I didn't expect that I would have to wait for quite some time.
The market conditions were not good this week, and the boss left the room very early in the previous trading days. I didn't expect that he would stay in the trading room for so long on Friday.
"Is there anything wrong?" Gu Junhao asked, ignoring the assistant's complaints.
"Director Guo asked me to show you the payroll and have you sign it. Also, your personal cell phone rang several times just now, but I couldn't answer it.
But then another number called, it was Mr. Su Mingyu, but he didn't say what he wanted to talk to you about."
The 15th was the company's payday, and the finance department had already prepared the payroll. Originally, it was planned to hand it over to Gu Junhao in person, but seeing that Gu Junhao had not come out yet and Lao Guo was anxious to go home to be with his children, he entrusted Li Xinyu to hand it over on his behalf.
After all, Li Xinyu is the boss's personal assistant, so these things are no secret to her. However, when she sees the income of Xu Jianqing and others, she can't help but feel envious.
"Boss, do you think I can be a trader?" Li Xinyu asked Gu Junhao with a smile. They had talked about this before, but Li Xinyu didn't pay much attention to it at that time.
"What? Are you envious of Xu Jianqing and the others' salaries?" Gu Junhao casually glanced at the pay slip. There was nothing to see. Guo Yuanwei's ability and character were still trustworthy.
"Yeah, I'm very envious." Li Xinyu nodded.
"It's too late. You didn't care when I told you before. Now there is no chance. Just be my assistant honestly. I will give you a raise next month." Gu Junhao said with a smile. Li Xinyu has performed well at work recently, and it would not be a good idea to change the assistant rashly.
Besides, her probation period has already passed, so it is reasonable to give her a raise in salary.
"Really? Thanks, boss!" In fact, Li Xinyu's treatment was not bad. Apart from the salary, the most important thing was that she could have long-term contact with the boss.
Li Xinyu's proposal to become a trader was not without trial. It would be depressing for an assistant to often not be able to contact the service objects. However, since his boss proposed to give him a raise, he must be quite satisfied with his job.
"Well, you can go off work. I need to make a call." How could Gu Junhao not see Li Xinyu's little thoughts.
