Chapter 177: Both accounts hit new highs
"Fuck, it's reached its daily limit. I really wanted to buy in when it was at 17.20 yuan just now, but I didn't have the courage."
"Ah, me too. I sold out completely this time . Even if there is a correction later, I don't have the courage to buy again. It turns out that swing trading is not suitable for me. I'd better do short-term trading."
"This stock is too strong. The last few transactions added up to 10,000 lots. I don't know where the funds came from. It's too strong."
"Li Kuang and Brother Cao have made a fortune again. Li Kuang seems to have 25,000 shares. Wow, that's almost 450,000."
"Next time I go to Shanxi Province, I must ask Li Kuang to treat me. He made a lot of money. The cost was 13. He made more than 100,000 yuan."
"I can't envy you, but you can actually get it, and you're lucky."
Gu Junhao was also looking at his account at this time. He had 15,000 chips and a market value of 26.895 million yuan, which was also the highest since his rebirth. It would be a lie to say that he was not happy.
More than 18 million yuan of this includes his personal assets. Now, with total assets exceeding 20 million yuan, Gu Junhao has truly separated himself from his predecessor.
For ordinary people, the money that each person can spend in his or her lifetime is actually limited. If one lives a peaceful life, owns a house and a car, and has a few hundred thousand yuan in savings, without any external debts such as a mortgage, one can actually live a very comfortable life.
Of course, this is still some distance away from financial freedom, it can only make your life more comfortable.
However, in Gu Junhao's opinion, true financial freedom does not mean that you must own a certain amount of assets, but that you can arrange your time at will, work when you want to, confront your boss when you want to, and be able to afford to get sick when you are sick.
Gu Junhao once joked with his friends: "Financial freedom means being able to afford an ICU stay."
There is nothing much to see about Tonghuashun after the daily limit. Gu Junhao also looked through several other fund holdings. The overall increase is still acceptable. The smallest increase is Wan'an Technology. Wan'an Technology was suppressed by the 10-day line. After opening high today, it fluctuated downward for adjustment. However, after 10:30, it also rose above the intraday yellow moving average.
At this time, Wan'an Technology maintained an increase of about 1%, while the one with the largest fluctuation was Xibu Securities. Xibu Securities benefited from the sharp rise of securities companies at the opening this morning, and was also stimulated by the collective rise of small and medium-sized start-ups during the session.
At this moment, the stock price has risen to 12.21 yuan, an intraday increase of more than 7%. For Xibu Securities, such an increase is indeed rare.
The last time that Xibu Securities' intraday surge exceeded 7% was in December 2013. Seven months later, Xibu Securities finally saw a large surge in volume, restoring the activity of its stock price.
Small and medium-sized brokerage stocks do not have a leading position in the brokerage sector, and their market caps are relatively large among small and medium-sized start-ups. Ordinary hot money does not like them, and large institutions are unwilling to buy them. In fact, their position is quite awkward.
Therefore, the activity of stocks is very important. Once it loses its activity, the stock is basically useless. If it is after a stock market crash, Gu Junhao would not choose such a stock as a holding.
It's just that the timing is rather unique now, and Xibu Securities has not been listed for long. This time I chose it with a try-and-see attitude. If the results are not ideal, I can exchange stocks at that time. Before the stock market crash in 2015, it is basically impossible to lose money from the brokerage stocks I hold now.
Gu Junhao, who had not planned to make much money from Xibu Securities, did not expect that there would be a bottom-line private placement with such a large amount. Now he is looking forward to it.
The three major indexes remained in a high-level oscillation state throughout the morning. In the afternoon, the sentiment reached a point where sectors and concepts soared together, and the three major stock indexes rose steadily.
At the close of trading at three o'clock in the afternoon, the Shanghai Composite Index was pulled up with a record-breaking trading volume of 180.4 billion, and rose 2.41% throughout the day to 2177.95 points.
The ChiNext Index also performed well today. It opened higher and continued to rise. While regaining the 1,300 point level, a bare-headed and bare-footed positive line penetrated the five-day line and the ten-day line, returning to the trend position.
The ChiNext closed at 1314.53 points throughout the day, also up 2.24%, and the trading volume returned to over 20 billion yuan, reaching 22.43 billion.
Both the markets surged, sectors and individual stocks soared together, and the emotions were completely ignited. After the closing, all major stock trading groups were very lively. I don’t have any belief in the A-share market that cannot be changed by one positive line. If one is not enough, then two will do!
Today, not only did Gu Junhao's personal account reach a new high, but his fund account also performed well. The fluctuation before Dongfang Wealth rose was too small, and Wang Ruoyu did not find the right opportunity, so there was no trading throughout the day.
The fluctuation range of Yinzhijie and Xibu Securities was relatively large. They rose to 12.26 yuan and then fell back to 11.83 yuan at the close. This gave Liu Tingting ample opportunity to do T short selling. The chips in her hand increased by 100 lots, totaling 11,800 lots, not far from the 12,000 chips she had been dreaming of.
Xu Jianqing also used his own 2 million funds to successfully T-sell 85 chips on Yinzhijie. In his words, the boss only said not to trade last Friday, but did not say that trading is not allowed today. It would be a pity not to take advantage of such an opportunity today.
Today, Dongfang Wealth rose 6.03%, Yinzhijie rose 4.31%, Xibu Securities rose 3.68%, and Wan'an Technology rose 2.15%. Combined with the two people's T income, the market value of the fund's holdings reached 49.9979 million yuan, and the total assets exceeded 52 million yuan.
Junshi No. 1 has been in operation for 36 trading days since June 9, with its management scale officially exceeding the 50 million yuan threshold and the fund's net value of 1.3.
In 36 trading days, the rate of return was as high as 30%, and the retracement was very small, which was terrifyingly stable. After the market closed, Xu Jianqing couldn't wait to report the news to Gu Junhao.
Upon learning that the fund size exceeded 50 million yuan, Gu Junhao also became interested. So far, the assets managed by his personal account and the fund account have reached nearly 80 million yuan.
Good news must be shared with others. Gu Junhao picked up his phone and sent a message to the VIP customer group: "Dear bosses, as of today's closing, Junshi No. 1's management scale has officially exceeded 50 million, with a net value of 1.3. Thank you for your support, and I hope we can work together."
VIP customer group, Gu Junhao seldom speaks in normal times, and the purpose of establishing the group is just to maintain relationships or to report on the operation of the fund. As for today's good news, Gu Junhao doesn't mind letting everyone know in advance.
"Wow, Mr. Gu is amazing. He has raised the fund to over 50 million in just over a month."
"Amazing, awesome! Although the market conditions over the past month have not been bad, they are not great either. I can still achieve a 30% return. I really admire it."
"Professional things should be left to professionals. I lost 5% this month. I should have invested more instead of doing it myself."
Everyone was naturally happy when they made money, and the group was much more lively than usual. Gu Junhao watched for a while, said a few polite words, and then stopped paying attention.
At 5:30 in the afternoon, when the Dragon and Tiger List was announced, Tong Huashun's extremely exaggerated Dragon and Tiger List caused a great sensation in the market. Four institutional seats occupied the buy one to buy four seats.
Among them, one buying seat bought 17.93 million yuan, which just corresponds to the 10,000 lots that rose on today's daily limit. The institution took the initiative to close the board, which is rare compared with hot money.
Tong Huashun had a net purchase of 26.2033 million yuan on the Dragon and Tiger list today, with a total transaction volume of 113 million yuan throughout the day. The net purchase on the Dragon and Tiger list accounted for 23.19% of the total transaction volume. This shows how optimistic the company is about this stock.
Institutions are not like hot money. Although there are many fake institutions that do hot money's things, formal institutions rarely do one-day trading. Such a large-scale purchase today is definitely not just a rebound.
Tong Huashun's stock trading area has once again returned to the lively scene of some time ago. Those who had previously sold out expressed deep regret, while those who continued to hold on were extremely happy.
Similarly, Li Zequn was discussing Tong Huashun. Compared with ordinary retail investors, these people were more familiar with Tong Huashun. After all, they had been paying more or less attention to it since mid-June.
In the meantime, everyone made a lot of money when Tonghuashun's stock price rose for two consecutive days in the first wave. However, when it adjusted later, many people had already been washed out, and only a few could stay.
"It's rare for four institutions to appear on the Dragon and Tiger list of a stock at the same time, right?"
"It's started. No doubt about it. I regret not listening to Brother Cao this morning."
"There will be opportunities later. Institutional buying will not continuously pull up the price like hot money. It depends on whether you dare to enter when the market is being cleaned up." Brother Cao said. He did not expect today's Dragon and Tiger List. This is the first time he has seen four institutions appear on the buying seats at the same time since he started investing in stocks.
In the past, most institutions appeared on the selling seats. When institutions appeared on the selling seats, it was the beginning of cutting leeks. Including the last two consecutive boards, there were institutional seats buying on the Dragon and Tiger List every time. This was a signal that institutions were building up positions on a large scale.
From this point of view, the 26 yuan mentioned by Li Kuang is not impossible. It rebounded around 13 yuan and doubled to 26 yuan. It is highly likely that the stocks that institutions have built positions in will double.
"Hahaha, brothers, I'm here. Are you guys happy today?" Li Ze said happily at this time. It was because Mahua had not launched the red envelope function yet, otherwise Li Ze would definitely give out a big red envelope at this moment.
When Tong Huashun's Dragon and Tiger List came out, Li Ze was extremely excited. Just a few simple words were not enough to express his feelings at the moment. Before, Li Ze never thought that he could hold a stock for more than a month.
He has never experienced a return rate of more than 30%. Several large purchases by institutions on the Dragon and Tiger List have made Li Ze more convinced that this stock can reach 26 yuan, and he is more certain that Gu Junhao must still be in Tong Huashun.
"If it really reaches 26 yuan, I'll just keep an eye on the Dragon and Tiger List. By then, Brother T's market value should be over 30 million. If I want to clear my position, it will definitely appear on the Dragon and Tiger List. If Brother T sells, I'll sell. If he doesn't, I'll keep it."
If it really reaches 26 yuan, his market value will be 650,000 yuan at that time. Li Ze, who has been trading stocks for a while, is not completely ignorant. He also realizes that this seems to be an opportunity for him to change his destiny. It depends on whether he can grasp it.
…
On July 29, the Japanese newspaper published an article discussing the A-share market, saying that "the worst time for the market may be passing." This was the second time the Japanese newspaper publicly expressed optimism after the 25th of this month, when it published an article titled "Foreign institutions are all bullish on A-shares."
The official media openly sang praises, and today also continued the hot market trend of Monday. Today, the three major indexes still opened high; the Shanghai Composite Index opened at 2179.83 points, and the ChiNext Index opened at 1315.75 points.
Tonghuashun opened sharply higher at 19.26 yuan, up 7.42%. The transaction volume in the call auction was large, increasing tenfold yesterday, with a total transaction volume of over 3,200 lots.
"The volume has exploded quite a bit. I should be able to do a T today." Gu Junhao, who still did not enter the trading room today, was still staring at his Tong Huashun.
Compared with the calm fund holdings, Tonghuashun's recent trend can be described as ups and downs, with a daily limit at any time. Previously, the company was busy building fund positions and had no time to take care of it, and the trading volume was not large.
However, from today's perspective, yesterday's Dragon and Tiger List has completely ignited market sentiment. Retail investors have a clear intention to follow suit, and the main funds are also very smart. They took the opportunity to push the price high today, giving people a sign that the price will quickly fall after opening.
"Interesting." Orders could no longer be cancelled at 9:25, but pending orders were still allowed. Gu Junhao would certainly not miss such a good opportunity. He placed a sell order for 5,000 lots at 17.93 yuan.
For the stocks that institutions have built positions in, the total amount of funds used to build positions on the Dragon and Tiger List is less than 100 million yuan. Taking into account the adjustment day, even if the positions have been completed, the prices will not rise so quickly.
What institutions are best at is not continuous gains, but taking small steps and moving fast. Through adjustments, they raise the stock price step by step, so there is no need to worry that these 5,000 lots will be sold out.
Even if the stock price really closes quickly today, there will be opportunities to buy again in the future. However, in Gu Junhao's opinion, even if Tong Huashun wants to close the stock price today, there will be a process of falling back.
The stock price hit the daily limit yesterday. If the main funds had completed their positions and wanted to push the price up quickly, they could have easily achieved the daily limit today, leaving no chance for retail investors to enter. There was no need to open at this position.
After rising two or three daily limits, it is out of the cost area, and it becomes easier to wash out the market afterwards. Today it opened more than 7% higher and did not close the board. In Gu Junhao's opinion, the intention was to take advantage of the high opening to smash the market, wash out the market, and trap a group of high-chasing investors while collecting some chips by the way.
If it was a trading method of hot money, the price would not have opened so high. If the hot money wants to complete the relay and pull up, it must leave enough profit space for the subsequent funds to complete this game of passing the parcel, rather than making the funds that come in unprofitable.
The combined force of big funds must be that everyone can make money. As for how much they can make, it depends on their respective abilities. As for ordinary retail investors, they just see “money” in their eyes.
As a person holding a large amount of chips, Gu Junhao can actually be regarded as a small major player in Tong Huashun. Yesterday, the funds were all long and there was no disagreement. Gu Junhao did not need to make any operations.
Today, the funding environment both inside and outside the market has changed significantly, and there are differences in funds. Gu Junhao's view is more inclined to adjustment. At this time, offering one-third of his chips is enough to affect the stock price.
"4,300 lots were traded, with an average transaction price of 19.50 yuan."
After the trading started, Tong Huashun's stock price rose rapidly under the impetus of the accumulated volume after 9:25. Among Gu Junhao's 5,000 sell orders, 4,300 were successfully executed at 19.50 yuan, and Tong Huashun also quickly surged to 19.54 yuan in a short period of time.
No one took over the sell order of 5,000 lots in a short period of time, and the stock price of Tonghuashun fell rapidly, falling to 19.42 yuan in less than 15 seconds. At this time, the remaining 700 lots of Gu Junhao had also been traded. The lower the price, the better.
5,000 lots, two transactions, with a total return of 9.7444 million yuan, and an average transaction price of 19.48 yuan, which was sold quite well.
Gu Junhao's judgment on Tong Huashun's adjustment was not wrong. At this time, two sell orders of 2,000 lots appeared in the trading market. Although there were also buy orders at the level of thousands of lots, the short-selling force was too strong.
Tonghuashun quickly rushed to the 19 yuan mark with a straight downward line. The rapid decline in stock price also caused panic in the market. With various large and small sell orders, the 19 yuan price mark could not be maintained at all.
At 9:35, Tonghuashun's stock price hit 18.60 yuan and began to rebound. After 10 minutes, Tonghuashun's stock price slowly rebounded to above 19 yuan, closing at 19.05 yuan.
"Quickly drop and slowly rise, turning large orders into small ones; this is suppressing the stock price." Gu Junhao said with a smile. Although he does not do short-term trading much, it does not mean that he will not do short-term trading.
Gu Junhao could still understand the intraday trend. Although the main funds were suspected of suppressing the stock price, it seemed that the probability of a sharp drop was not high. If the stock price fell too much, retail investors would naturally be unable to resist buying at the bottom, and then it would be a problem if the chips were too dispersed.
Theoretically, today's price of around 18.60 yuan should be near the lowest point of the day. The stock price has remained in the range of 19 yuan to 18.60 yuan, which should be the trend this morning.
Tonghuashun did not last long above 19 yuan. One minute later, the stock price fell again to 18.80 yuan, which was brought down by a sell order of 649 lots.
Compared with the morning, the trading volume has decreased a lot. Tonghuashun's trading volume has gradually returned to yesterday's normal state. Seeing this, Gu Junhao also placed orders in batches at the 18.70 yuan position to buy chips of equal value in the morning trading, totaling 5,200 lots.
At 10 o'clock, Tonghuashun once again received a sell order of 600 lots. The stock price fell to 18.76 yuan and there was no way the stock price could recover. During the trading session, small sell orders of 50 lots, 60 lots, etc. continued to pour out.
Relying on the volume accumulated from these small orders, Tonghuashun's stock price fell below Gu Junhao's order price of 18.70 yuan, and was reported at 18.69 yuan. The first transaction was completed, totaling 600 lots.
"Oh, you don't give me any chance at all. I really don't dare to buy at this price. It was more than 16 yuan at this time yesterday morning. Now it's 2 yuan higher. And you're still leaving in such an ugly way."
"Institutions are not good people. When have you ever seen them not cutting leeks? The market opened so high this morning, so I knew it would be fine. I cleared my position of 20 lots directly."
"It was a bit late, I sold it at 19.20 yuan, but it's OK. I went from being stuck to making a 15% profit. Tong Huashun treated me well. I hope we can meet again if we are lucky."
"This price, after adjustment, is higher than last year's high of 33 yuan. Do you still dare to buy? When have you ever seen an institution help you get out of a predicament?"
"You must sell it the first time you get out of the trap. No problem. Today's price is a real surprise. You can get 10% profit. Whoever wants to play can do it. I'm moving to another place."
"Buy it, what are you afraid of? This is a breakout adjustment after the daily limit. It will rise again after a few days of sideways trading. Are the institutions so careless? It's the work of hot money to make a profit from the daily limit and leave."
"Can you tell me where I can get the money? I want to make this money too."
The Tonghuashun stock trading area is very lively. Yesterday, a big positive line changed people's beliefs, but today a big negative line dampened the enthusiasm. Yesterday's bullish sentiment turned into today's bearish sentiment. Retail investors are sometimes really cute.
I have to say that the last bullish post was quite capable and understood the style of institutions very well. However, in front of a row of bearish posts, it seemed a little weak and was overwhelmed by new posts in a short while.
At 10:15, Tonghuashun slowly fell back to the price of 18.60 yuan again, and stopped at this position again. In addition to Gu Junhao's order, there was another source of funds supporting the bottom.
A buy order for 1,200 lots once again fixed the price of Tong Huashun at 18.61 yuan. After another round of slow increases, Tong Huashun returned to near the intraday average price at 18.86 yuan.
Tong Huashun, which rebounded above 18.80 yuan, was hit by small orders again. It can be seen from the trading disk that there were intensive selling orders of less than 300 lots during this period.
"There is pressure from above and orders from below; the market is being cleansed severely." Gu Junhao understands the psychology of retail investors very well. Regardless of whether the stock price rises today or not, as long as the adjusted stock price does not fall too much below 18.60 yuan in the subsequent trading days.
It will be difficult for retail investors who sold at this high level to regain the courage to re-enter Tong Huashun in a short period of time in the future. This wave of funds has been completely washed out.
Today, Tonghuashun's stock price hit a new high since the ex-rights price. Even though there was intensive liquidation at the price of 18.80 yuan just now, the adjusted price reached 37.60 yuan without taking into account dividends, which is much higher than the price of around 26 yuan before the ex-rights price.
This price even liberated the high-level trapped shares since July last year. These people have experienced a year of torture, and their stocks have suddenly been untied and turned profitable. The probability of choosing to sell at this time and buying them back again is very small.
"Today's should be a relatively clean wash. After a few more trading days of adjustment, so that those who chased high today can cut their losses, the market will be able to rise again."
I checked the account and found that I had already bought back more than 2,000 shares. Thanks to the fact that the stock price had been hovering between 18.70 yuan and 18.60 yuan for nearly 10 minutes, the average transaction price was also much lower than the pending order price.
At 10:25, Tonghuashun rose again to 18.95 yuan, but was still suppressed by the yellow moving average of the day. There was another round of intensive small orders being sold, plus the help of a 500-lot sell order, the stock price once again fell back to 18.60 yuan.
In this way, Tong Huashun gradually wore down the patience of the funds in the market, and at the same time frightened the funds outside the market, especially retail investors, so that they dared not buy at the bottom.
18.95 yuan was also the highest price of Tonghuashun in the last hour of trading in the morning. As of the closing at 11:30 am, Tonghuashun never exceeded the 19 yuan level again, and the retail investors' psychological price of 18.60 yuan was also broken.
In the morning, Tonghuashun opened high and briefly rose before going down. During the trading period, the stock price fluctuated downward, with the highest price at 19.54 yuan and the lowest price at 18.55 yuan. It closed at 18.71 yuan, up 4.35%.
In the morning, Tonghuashun's trading volume also increased a lot, with a trading volume of 120 million yuan, which is higher than the trading volume of the whole day yesterday. It seems that there is no problem with the trading volume of 200 million yuan for the whole day. The wash-out can be said to be thorough.
