Chapter 178: Hot Market
In the afternoon trading, Tonghuashun continued the trend of the second half of the morning, with the stock price fluctuating between 3% and 4%. Only between 13:55 and 14:00 did the stock price rise briefly.
Throughout the day, Tong Huashun completed a transaction of 255 million, with a turnover rate of 10.37%. The chips in the market completed an extreme exchange. In the end, Tong Huashun closed with a large-volume cross-yin line, in which the real body of the cross star was quite obvious.
The price of 18.55 yuan in the morning was not Tong Huashun's lowest price of the day. In the afternoon, Tong Huashun tested the funds in the market with a low price of 18.52 yuan, which was also the lowest price of the day. In the end, Tong Huashun closed at 18.72 yuan, up 4.41% on the day.
Tonghuashun's stock price was under Gu Junhao's order for most of the day's trading. Naturally, the 5,200 chips were successfully taken back again, with an average transaction price of 18.65 yuan and 464 yuan remaining in the account.
At this point, Gu Junhao was no longer afraid of attracting the attention of the main players in the market. I just won't leave, what can you do to me? Anyway, if you want to make money, you have to let me get on this train. Besides, I have a lot of chips.
It is definitely not possible to be a major player. It is not a problem if someone makes trouble. But I don’t know how the major players in the market will feel when they encounter such a sticky big investor.
Perhaps influenced by the Japanese newspaper article or yesterday's trend, the three major stock indexes rose again throughout the day today. The Shanghai Composite Index rose 0.24% to 2183.19 points, while the ChiNext Index continued to rise by 1.31% to close at 1331.76 points.
Most stocks in the two markets closed in the green, but the securities market failed to continue yesterday's hot performance. The Shanghai Composite Index failed to rise sharply despite a turnover of over 150 billion yuan, which was also affected by this.
The four holdings of the fund returned to their previous state today. Yinzhijie and Xibu Securities eventually closed down, while Dongfang Wealth and Wan'an Technology rose. The two stocks with the heaviest positions closed down, so the fund also retreated slightly today, but still maintained a scale of more than 50 million.
If one positive line cannot change one's belief, then another one will come. Today's trend has proved this statement true. The ChiNext Index bottomed out and rebounded with three consecutive positive lines, and has regained the 60-day line position.
The Shanghai Composite Index has shown an even better trend. Since July 23, it has shown a six-positive line trend, and the index is less than 17 points away from the 2,200 mark.
With such a trend, coupled with the official media's comments and the advocacy of various experts on social networks, the off-market funds that are still short are beginning to feel uneasy.
The previous vows to clear all positions and exit the stock market are no longer important. As long as money can be made, what does it matter if one gets slapped in the face? However, Tong Huashun is different from the market trend.
Tong Huashun's trend has attracted most retail investors. Most investors believe that the large negative line with large volume here is a sign of major funds being sold off. The reason is simple: it is a huge negative line with large volume at a high level.
Li Zequn was also discussing this issue. Except for Li Ze, who was a staunch bull, everyone else, including Brother Cao, who was the best performer in Tong Huashun, were a little confused.
It's just that Brother Cao is more stable. Tonghuashun still rose a lot today, so he didn't sell it. As for the others who bought yesterday, they have sold them out again due to the high cost factor.
What Brother Cao was thinking was that he would wait and see tomorrow. If there was still a correction, he would have to reduce his position again. After the correction was in place, he would add to his position again as he did yesterday.
"I won't sell it anyway. I've already discovered that it's good to just lie there. Although I panic when it falls, don't you notice that the stock price keeps hitting new highs? This shows that it will still rise after adjustments."
Li Ze, who had been lying down for more than a month, had completely adapted to Tong Huashun's rhythm, and he had also concluded from everyone's transactions that once he sold, even if he bought again, he would be worried about gains and losses due to the high cost.
The state of worrying about gains and losses will naturally affect one's mentality. One will always lose chips in various chaotic situations, resulting in a significant reduction in profit margins.
Gradually learning to think, Li Ze also realized a phrase that often appears on online forums: "Keep cash in a bear market and hold stocks in a bull market."
Although it is not a bull market now, Tonghuashun's stock price is on an upward trend. For someone like me who does not have much time and is not sure about the stock price, it is better to hold on to the stock rather than move around randomly.
On July 30, the Shanghai Composite Index closed at 2181.24 points, a slight drop of 0.09%. However, since it was higher than the opening price, the K-line still showed a false positive line.
The ChiNext Index rose 0.82% to close at 1372.74 points. The Shanghai Composite Index, which had risen for seven consecutive days, and the ChiNext Index, which had risen for four consecutive days, staged a short squeeze drama.
Tonghuashun remained strong today, opening low and closing high, with trading volume and turnover rate reaching new highs again, and even creating a new high of 20.32 yuan during the session.
The main capital obviously wants to keep a low profile this time. The closing price of 19.32 yuan and the three-day increase rate of 18.60% also ensure that Tong Huashun no longer has to appear on the Dragon and Tiger List with a 20% increase in three days.
Today's volatility is even greater than yesterday's, so Gu Junhao naturally would not miss the opportunity to do T, still 5,000 lots. Today's volatility, trading volume, and turnover rate are all larger than yesterday, so T was also very smooth. After this time, the position has reached 15,500 lots.
A total of 500 chips were added in two trading days, and the chips could be received back within the same day without worrying about losing them. This is called T. Find an opportunity to let Xu Jianqing and the other two take another look at their delivery notes.
The market value is approaching 30 million yuan, and 15,500 chips should be the maximum number of chips he can get before this round starts. For the remaining trading day of this month, Gu Junhao does not plan to do T again.
People should know how to be content. They have been stirring up trouble for two consecutive days, affecting the number and cost of the main funds in collecting chips. If it continues, I am really afraid that their mentality will collapse and they will be hit by the consequences.
The hot market also continued to the fund holdings. Among the funds, except for Dongfang Fortune which fell slightly by one cent, the rest ended in the green. Among them, Yinzhijie had the largest increase of 4%. The stock price regained the 17 yuan level and closed at 17.43 yuan.
Xibu Securities and Wan'an Technology rose slightly. While Wan'an Technology maintained its price at 11 yuan for the second consecutive trading day, it also maintained its position at the 5-day, 10-day and 60-day lines.
In the evening, Wan'an Technology, whose stock price trend was optimistic again, unexpectedly released its formal semi-annual performance report. Under normal circumstances, the semi-annual performance forecast is usually released in mid- to late August.
A-shares have an inertia. Most companies that announce their performance in advance and have significantly improved their performance will be the first to rise, and the rise will be good. Wan'an Technology dares to release , so naturally it will not be bad.
In the first half of the year, Wan'an Technology's net profit increased by 190% year-on-year, almost reaching the peak value in the previous performance forecast, far exceeding market expectations; previously, Wan'an Technology's performance forecast growth space was between 160% and 200%.
At the same time, the announcement also gave an outlook for the net profit in the first three quarters of this year, predicting that the net profit in the first three quarters will increase by 170% to 220% year-on-year.
With both revenue and operating income growing and main business continuing to improve, such an announcement that exceeded expectations naturally aroused endless expectations from the market.
"The method of building a position is quite clever, but it is suspected of insider trading." Gu Junhao said, staring at the K-line chart of Wan'an Technology. Now he is not afraid to watch stocks at home.
Zhang Yiru herself has made it clear that she will not touch stocks, and that she will only buy her own funds when she has money in the future. As for Zhang Yiru mentioning to others which stocks she analyzes at home.
There is no need to worry about this. People who can think that buying stocks will affect their boyfriend's future will not be so stupid.
"How is this clever? Tell me how it is, and how is it suspected of insider trading?"
"Look at the stock price trend since the ex-rights. Although it has been going down all the way, there are not many negative lines. The few negative lines that have occurred have large declines. After that, the stock price has made a fuss around this large negative line and produced various small positive lines.
After the stock price hit bottom on June 19, it fluctuated for six trading days with various small ups and downs. The trend was good and the stock price went up. Then, it was pulled up by an abnormal volume at the end of the trading day. The large-scale increase in positions raised the bottom, which discouraged some retail investors.
Moreover, I estimate that the funds here have already received the information of the significant increase in performance. After the big surge, it went sideways for eight trading days with small negative and positive lines. On the ninth trading day, it rose again in late trading with large volume.
It is already very obvious here, because the performance forecast was released immediately in the evening after the rise, and then the market was washed out by the two large negative lines and the five small positive lines surrounding the second large negative line.
On July 24, taking advantage of the sharp drop in the ChiNext Index and small and medium-sized enterprises, the stock price was once again cleaned up with a large negative line. However, retail investors did not notice that during this wash, the stock price always remained steadily above the 20-day line.
Every time Wan'an Technology fell sharply, the stock price not only did not create a new low. On the contrary, the bottom position was getting higher and higher each time, which fully demonstrated the degree of capital participation.
This is also affected by trading volume, which makes it impossible for the main funds to build positions at the bottom. They can only build positions gradually in this way, but it also increases the cost of building positions accordingly.
From the trading on the 25th to today, in the hot market, Wan'an Technology is lukewarm. Today it has just recovered the negative line on the 24th. This will make many retail investors lose patience and choose to hand over their chips to get out of the predicament or cut their losses and exit.
Judging from the performance forecast suddenly released today, the main funds should have completed this round of position building, and it seems that the rise is imminent. "
After a long analysis, Gu Junhao picked up the cup beside him and took a big sip of water. Whether his analysis was correct or not would depend on tomorrow's trend.
If there is a big rise or even a daily limit tomorrow, then my guess should be almost right. In fact, the announcement nodes are too coincidental each time. There are not so many coincidences in the stock market.
"How did you come up with this analysis?" Zhang Yiru asked with some admiration.
"From the trend and the analysis of people's hearts." Gu Junhao replied, and at the same time couldn't help sighing in his heart that Wan'an Technology's way of building a position can only be regarded as child's play; people who have never traded stocks will not know how immoral some elites are.
…
Thursday, July 31, 2014, is the last trading day of the month.
Gu Junhao appeared in the trading room. It seemed a bit unreasonable if he didn't come today. He slacked off for nearly half of the 20 trading days in a month. It seemed a bit unreasonable.
It is the last day of the month. In addition to paying attention to Wan'an Technology, it is also time to update this month's fund rankings. Although three people will submit weekly reports every day, it is still necessary to understand the specific situation of the fund.
"Boss, you're here. What are your instructions for today?" As soon as he entered the trading room, Xu Jianqing came up and asked.
"There are no instructions. Just follow your own pace and do it normally."
"Wan'an Technology released its semi-annual performance forecast last night. What do you think, Boss?"
"The performance exceeded expectations, so we're bullish." In fact, what Gu Junhao hopes most is that Wan'an Technology will increase its trading volume. If a stock has no active trading volume, it is equivalent to locking up the liquidity of funds.
Take Wan'an Technology as an example. During the rebound on July 25, its intraday trading volume shrank to a minimum of 18 million yuan, with a total transaction volume of no more than 17,000 lots throughout the day. The company did not dare to move the slightest amount of funds in its hands.
With such low trading volume, selling 200 lots at one time may affect the stock price trend, which also loses the fun of trading. Gu Junhao now just wants to get through this stage of low trading volume as soon as possible.
At 9:25, the three major stock indexes determined their final quotes. The Shanghai Composite Index opened slightly lower and the ChiNext Index opened flat. During the opening phase, trading volumes in both markets were relatively flat. As Thursday was a metaphysical decline day, it remains to be seen whether the rebound can continue.
The two holdings on the ChiNext plus Tonghuashun all opened lower. Xibu Securities, which has performed well recently, and Wan'an Technology, which received good news last night, opened higher.
Wan'an Technology opened higher, with its share price at 11.39 yuan, up 3.08%; during the call auction phase, Wan'an Technology's trading volume increased significantly, with nearly 3,000 lots traded, which is already one-sixth of the total volume for the whole day on July 25.
3,000 lots is just a small amount for a stock like Dongfang Wealth with a daily trading volume of over 400 million yuan, but it is crucial for Wan'an Technology.
At 9:30, the two markets fluctuated upward, individual stocks opened low and closed high, the market was still very hot, and Wan'an Technology, driven by positive performance news, burst out with a large amount of trading volume.
At the beginning of trading, buy orders of all sizes, totaling over 8,000 lots, pushed up the share price of Wan'an Technology. The opening price of 11.39 yuan was also the lowest price in the morning.
At 9:31, Wan'an Technology reported 11.65 yuan and then began to fluctuate and consolidate; there were relatively many trapped shares that opened high and closed low on the 15th of this month. Wan'an Technology chose to actively cool down and adjust at around 4%. The main funds were still quite smart.
The Shanghai Composite Index, which had risen for seven consecutive days, and the ChiNext Index, which had risen for four consecutive days, showed a cooling of sentiment this morning; the heavyweight stocks that had been rising continuously also entered an adjustment mode this morning, but the vitality of small and medium-sized start-up stocks was still quite good.
"Boss, are there really no instructions on the operation?"
“How did you do it before?”
"Before, we would do intraday T trading whenever we had the chance. If there was no chance, we would not trade. But don't worry, boss. Whether we are right or wrong, we will take back the chips immediately."
"Then you should just do as before. Small and medium-sized enterprises are quite active today, so the general direction should be fine." This morning, Gu Junhao also discovered that although the weighted stocks were adjusted, as long as the subject matter concepts remained active and the money-making effect was relatively obvious, there was no need to worry about any changes in the market, and the so-called metaphysical day would naturally be defeated.
Wan'an Technology had been trading sideways for 20 minutes. At 9:50, the trading volume began to gradually shrink, and the lowest price still did not fall below the opening price.
The opening price is the lowest price. When it adjusts downward during the trading session, the trading volume gradually shrinks to a low level. Such stocks will perform well during the day.
At this moment, Wan'an Technology's stock price is 11.48 yuan, and the trading volume has dropped to the lowest level within 20 minutes. Judging from the trading quotes, the buying point has appeared.
At 9:55, Wan'an Technology began to rise slowly, and the stock price gradually returned from 11.50 yuan to above the yellow moving average of the day. Five minutes later, a buy order at the thousand-hand level pushed the stock price up to 11.68 yuan, setting a daily high.
"There is money igniting the fire. It should be hot money." On the trading list, buy orders of thousands of lots were followed by various buy orders of three to five hundred lots. Hot money used small amounts of money to ignite the fire, trying to ignite the market.
With such performance exceeding expectations, and a stock target with a small market cap and low trading volume, it is normal for hot money, as the most sensitive group in the market, to try to get a piece of the pie.
Some funds tried to ignite the stock, and the unusual movement of Wan'an Technology also brought in more follow-up funds. At 10 o'clock, the stock price of Wan'an Technology quickly rose to 11.90 yuan.
One minute later, Wan'an Technology's share price rose to the integer mark of 12 yuan. Two minutes later, Wan'an Technology's share price was 12.16 yuan, setting a new high since the ex-rights date and hitting the daily limit for the first time that day.
"It can't be closed. The volume is still too small. The strength of these funds is still not enough." Gu Junhao said with some regret. Without a large order to follow the closing, it is not enough to rely solely on ignition.
If the price cannot be contained, it will naturally fall back. After Wan'an Technology's stock price hit the upper limit, no one closed it again and the price quickly fell back below 12 yuan. The ups and downs in a short period of time and the various flashes in the five-minute rise and fall rankings also attracted the attention of the market.
"Boss, don't you want to do T?" Wan'an Technology just had an unusual move and hit the daily limit. Xu Jianqing saw that Gu Junhao still had his arms folded, with no intention of trading, and was still staring at the computer screen with an expressionless face.
"No, the volume is too small." Today, Gu Junhao is also bullish on the trend of Wan'an Technology, although it does not necessarily have to reach the daily limit.
However, since there are off-market funds trying to ignite the market, I cannot scare them for the sake of a little T-profit, otherwise I will end up hurting myself.
After the decline, Wan'an Technology's capital acceptance capacity is good. Various medium orders continue to appear, while various small orders are still flowing out. So far, Wan'an Technology has obvious signs of large and medium orders inflowing.
The reason why hot money becomes hot money is that, in addition to their own relatively strong funds, they are much bolder than ordinary retail investors. They don't care whether the stock price is high or whether they are seriously trapped in the chips.
As long as there are relevant introductions, related topics, and room for stock speculation, they dare to buy. There is no big risk of being trapped at high levels, and if the performance does not meet expectations, they will just sell at a loss.
At 10:16, the rapidly downward Wan'an Technology stopped above the yellow moving average of the day, and the stock price was 11.76 yuan. The trading volume shrank again, even smaller than at 9:50.
As the short-selling force was exhausted, the direction of funds was unified again, and the stock price of Wan'an Technology began to fluctuate slowly upward. From 10:15 to 11:12, Wan'an Technology fluctuated between 11.80 yuan and 11.95 yuan.
This trading period was also a period of intensive chip exchange for Wan'an Technology. The turnover rate of Wan'an Technology increased rapidly. At 11:13, a buy order of 1,000 lots caused the stock price of Wan'an Technology to suddenly rise by 12 yuan again, to 12.05 yuan.
After a short minute, the trading software prompted that Wan'an Technology had a large buy order. At 11:14, a large order of 7,000 lots was followed by three buy orders of 3,000 lots. Wan'an Technology rose to 12.16 yuan without any obstacles, an increase of 10.05% on the day.
"It's a pretty good trend. A small amount of funds ignited the price and hit the upper limit, but it didn't close. It fell back to a high level and fluctuated, clearing out the locked-in positions over the past few months. The turnover rate is almost the same, and then it closed the board. At this time, there is no resistance."
It opened high, fluctuated slightly downward, then ignited and pulled up, fell back and went sideways, and then closed again. The whole process was done in one go, and the trend was extremely beautiful. It was a standard way for hot money to play.
At this moment, Wan'an Technology has more than 300 million yuan in blocked orders. For a small-cap stock with an average daily trading volume of less than 50 million yuan, this blocked order fund is enough to ensure that it will not explode today without actively withdrawing the order.
After the morning trading ended, Wan'an Technology also ended with a daily limit. The morning trading was also dominated by small and medium-sized innovation stocks. The Shanghai Composite Index fluctuated above and below the flat point in the morning due to the adjustment of weights.
The ChiNext Index fluctuated greatly in the morning. Although the ChiNext Index, which has been up for four consecutive days, has regained its 20-day line position, the pressure from above is still relatively large. After all, after more than half a month of adjustment, the trapped shares are still very obvious.
After the afternoon trading started, the three major stock indexes continued to perform flatly, and small and medium-sized start-ups were active. However, at 13:30, the heavyweight blue-chip sector, which had been adjusted for two and a half hours, suddenly exerted its collective strength.
Real estate, the three major financial sectors, and liquor all rose together, and the Shanghai Composite Index was quickly pulled up, and the ChiNext Index, which showed signs of adjustment, was also pulled up.
In the following one and a half hours of trading, led by heavyweight stocks, the index continued to rise. At the close of trading, the Shanghai Composite Index hit a high of 2202.13 and finally closed at 2201.56, opening low and closing high for the day, up 0.93%.
The Shanghai Composite Index set a record high of eight consecutive positive days. It was also the first time in seven months that it returned to above 2,200 points, and the market was jubilant.
The ChiNext Index, which had a serious amount of trapped shares above, performed generally compared to the Shanghai Composite Index today, but it eventually rose by 0.13%, also marking five consecutive positive days.
Heavyweight, small and medium-sized start-ups all soared. In the last five trading days of July, especially the four trading days of this week, the two markets had excellent profit effects. Most individual stocks showed a rebound trend, and most investors also recovered a lot of money this week.
Today, Junshi No. 1 Fund's holdings also performed well. Wan'an Technology hit the daily limit, Xibu Securities rose 1.02%, Yinzhijie rose 1.26%, and Dongfang Wealth fell 0.93% to close at 10.61 yuan.
At the same time, Tong Huashun, which I personally hold, fell 0.36% today and its share price closed at 19.25 yuan. The decline of these two stocks that are closely related to the ChiNext Index also means that the pressure from above is still not small.
