Chapter 193: Follow the trend! Follow the trend!
August 19, Tuesday; influenced by yesterday's bullish sentiment, the three major indexes all opened higher.
Realizing that his current cash flow is insufficient, Gu Junhao decided to focus more on his personal account in the near future.
There are stocks that you like and want to buy, but the stocks you hold don't live up to your expectations, and there seems to never be enough money. This is a common problem for most people engaged in stock trading.
Gu Junhao is no exception. He had deeply experienced this in his previous life in 2018. The stocks were in the undervalued area. At that time, Gu Junhao wanted to buy many stocks, but he had limited funds.
And now, Gu Junhao is facing the same problem. Ultimately, it is the greed of human nature that is at work, and people want to own everything.
However, this time, Gu Junhao, who has realized the problem, will certainly not do so. This time the wave movement is just to increase cash flow as much as possible.
As happened some time ago, in order to complete the accumulation of original chips, the situation of using all the proceeds from T to increase positions should not happen again.
Tonghuashun opened higher today following the market, closing at 22.35 yuan, up 1.13%. The call auction phase was more sluggish than yesterday.
"The buyer's willingness is not strong. It will not open higher than the five-day line, which is a bit dangerous."
Tonghuashun broke the five-day line yesterday and was supposed to continue its adjustment trend today. Gu Junhao didn’t know whether it was because of the stock price he pledged.
However, this kind of false high opening of only 5-day line will continue to go down if there is no volume support after the opening. The first support position will be the 10-day line.
"Try a small order first to see if anyone takes it." After thinking about it, Gu Junhao placed a sell order for 500 lots, and the price he entered was the opening price.
For a trial position with a small position, if the trading volume is large and breaks through the five-day line after the opening, then this order should be regarded as a trial and error order and stop loss in advance. Otherwise, continue to sell.
At 9:30, the transaction started, and Gu Junhao's sell order of 500 lots was successfully sold. However, as the strength of the bulls was not strong enough, the order of 500 lots was divided into two before the transaction was successful.
400 lots were traded at 22.38 yuan, and 100 lots were traded at 22.47 yuan; at the same time, Tonghuashun's stock price continued to rise; Gu Junhao did not hesitate to continue to place sell orders for 1,500 lots in batches.
At 9:33, Tonghuashun's stock price fell back to 22.40 yuan after rising to 22.60 yuan. The 1,500 sell orders were digested and divided into dozens of orders, with an average transaction price of 22.45 yuan.
"Sure enough, adjustments must continue. The five-day line is not broken." The price of the five-day line is 22.67 yuan. It does not break the five-day line when it goes up. The trend is quite obvious.
He placed another sell order for 1,000 lots. After that, Gu Junhao didn't dare to sell anymore. Today's trading volume was not large. It would be troublesome if he sold too much and couldn't take it back.
In the morning session, the three major indexes opened high and then entered a state of adjustment. Coal stocks and media stocks took turns rising in the morning. Although the index set a new high, the overall volatility was not too large.
"The overall trading volume has not broken through, and the heavyweight stocks have been unable to move upward. It seems that we are entering a period of adjustment." Come to think of it, the index has been rising for nearly a month since the rebound.
Even in the crazy stage of the bull market, adjustments are inevitable; let alone this stage when the daily trading volume only remains above 100 billion yuan.
However, this adjustment can be fast or slow. Take stocks for example. Some strong stocks only need a short adjustment to continue to accumulate strength and move upward, while some weaker stocks will take a longer adjustment cycle.
The selling price in this round was not high, with an average price of only 22.35 yuan. This round of selling was more laborious, and it took nearly six minutes to fully execute the order of 1,000 lots.
"Not bad. The order of 3,000 lots was sold for 6.7224 million yuan." Gu Junhao looked at the funds with some satisfaction. If he hadn't been reluctant to part with the chips, he would have had other plans with himself.
These 3,000 shares are enough to invest in Jiang Jianbai. It is really depressing to do business. After working hard for most of your life, you might as well just mess around in the stock market for a period of time.
At 9:40, Tong Huashun fell below the opening price, and the stock price dropped rapidly to 22.30 yuan, 22.20 yuan, 22.10 yuan. In less than 5 minutes, Tong Huashun quickly fell to the flat price.
Only 15 minutes have passed since the opening, and Tonghuashun, like the index, has risen and fallen, with a short-term amplitude of 2.26%.
At 9:48, Tonghuashun turned green for the first time in the day, with the lowest share price at 22.03 yuan, still defending the 22 yuan integer mark. However, judging from the market quotation and trading, it is somewhat difficult to maintain the price of 22 yuan.
In today's morning trading, there are still no large orders of 1,000 lots or above, and the largest buy order is only two orders of 500 lots. After the stock price turned green, the largest buy order of Tong Huashun was only 240 lots.
"Please try to see if I can buy it." In the morning, Gu Junhao analyzed that Tong Huashun's first support point is near the 10-day line price of 21.35 yuan.
Calculated based on today's flat price of 21.35 yuan, it means a drop of 3.5%; the probability of completing the first adjustment within the day is still relatively high.
This is often the case with strong stocks. During the first adjustment period, there is more off-market funds eyeing them, so they tend to end the adjustment faster and complete the first upward push.
In Gu Junhao's view, this round of rise of Tonghuashun has not yet started in the true sense.
In addition to performance and the support of subsequent market expectations, this round of rise is mainly due to the rights issue, which means the stock price has doubled.
When the stock price doubles over time, there must be a large amount of funds that have the need to take profits. Only then will Tong Huashun's real adjustment begin.
At 10 o'clock, Tonghuashun fell below the 22 yuan price, and three minutes later it hit a low of 21.79 yuan. Judging from the intraday trend, the yellow moving average gradually moved downward.
Usually this trend is a sign that the stock price will continue to fall. Unless there are large and continuous buy orders at this time, a reversal within the day is possible.
Gu Junhao casually flipped through several stocks held by the fund, and the trends of all of them were the same as Tong Huashun, opening high and closing low; among them, Dong Fang Wealth suffered the most.
Dongfang Fortune opened higher at 12 yuan in the morning, and its increase once exceeded 5%. It then fell to the flat price. Stocks such as Wan'an Technology, Yinzhijie, Xibu Securities, etc. were all in the red.
The biggest problem for small and medium-sized stocks recently is actually insufficient trading volume, which can be seen from Gu Junhao’s four holdings; funds are constantly flowing into blue-chip stocks.
This morning, large sectors such as coal were used to support the market. Under the rainbow effect, the funds entering small and medium-sized enterprises will inevitably decrease, resulting in a lack of strength in rising prices.
In the morning, Tonghuashun maintained this volatile downward trend and closed at 21.66 yuan at noon, down 2.03%.
Gu Junhao was somewhat satisfied with the stock price. It was only 0.3 yuan away from his pending order. It seemed that there was still hope of getting the chips back in the afternoon.
In terms of indexes, the Shanghai Composite Index rose and fell in the morning, but due to the weight protection, the index continued to fluctuate around the flat point, and performed relatively steadily overall.
…
"Interesting, these leeks are really interesting, they can only flatter and don't understand the meaning behind it." Yang Jian smiled while staring at the computer screen. On the screen was the topic that everyone on Taoguba was discussing about Gu Junhao pledging Tong Huashun's stocks.
Yang Jian, a native of Guangdong Province, has some assets; he has invested as much as 5 million in the stock market. Nowadays, he can be considered a successful individual investor.
Yang Jian's style is somewhat similar to Gu Junhao's, but also somewhat different; to be precise, it should be close to the holding style of Su Mingyu's father's generation, that is, after buying, do not move, and wait until the expected price is reached before selling.
Of course, 5 million is not all of Yang Jian’s assets. In fact, there are quite a few people in Guangdong Province who trade stocks, and they are all quite rich, such as Su Mingyu’s family.
While trading stocks, Yang Jian also has a special hobby, which is to visit stock bars and stock trading areas in his spare time. It’s not that he wants to learn something, but Yang Jian has his own stock trading system.
The main reason for visiting these places is that Yang Jian loves to read gossip news, especially those related to stocks, whether it is the praise in Taoguba or the abusive words in the stock trading area.
These are all fun for Yang Jian. Today, Yang Jian entered Taogu Bar as usual. He casually browsed through the posts and saw the posts praising Gu Junhao.
In the spirit of fun, Yang Jian clicked on the post and after browsing it, he roughly understood the content: "A young man who became famous in Taoguba pledged part of his holdings."
Out of curiosity, Yang Jian also clicked on the trend of Tonghuashun, and was amazed; this stock was too strong. After analyzing the performance and fundamentals, Yang Jian couldn't help but sigh: "It turns out that there are good stocks on the ChiNext!"
The ChiNext, which was established in 2009, is not something that individual investors like Yang Jian look down upon. The main board has always been their stronghold. With the recent rebound in blue chips, Yang Jian has also made huge profits.
However, Yang Jian felt that the amount of funds could not be broken through, so he withdrew from blue-chip stocks yesterday. It happened that he had an empty position today, otherwise he would not have had time to visit Taogu during trading hours.
“This stock has just started. Judging from its performance expectations and growth trajectory, the probability is at least three times higher, and now even the rights have not been fully filled.
This young man is quite interesting and kind; the meaning of pledging some shares is obviously to tell some interested fans to get on board quickly , which is interesting!"
Being able to own a private equity company and rank first in performance among similar companies, it is extremely easy to make several million yuan. As long as you open your mouth, there will be many people willing to lend you money.
And this young man named Gu Junhao actually needs to pledge his stocks; this is obviously not in line with common sense, and there must be something fishy about it.
Yang Jian had just browsed all the information about Gu Junhao, including the official website of Junshi Capital, and finally concluded that this young man wanted to reveal something to his fans.
Private equity funds have certain thresholds, and there is nothing you can do if your fans cannot reach that threshold, but you cannot publicly promote a certain stock either. By operating publicly in this way, you can avoid violating the rules while making the stock known to the public.
"After five trading days of adjustment, the positive line on the 13th has not been broken. This is a trend of long positive lines that cannot be broken. Let's see in the afternoon. If it can stand firm on the 10-day line, we will rush in."
During the one and a half hour lunch break, Yang Jian packed some takeout and sat at his computer desk, analyzing Gu Junhao's intentions and Tong Huashun's trends through a large amount of information.
In the end, Yang Jian felt that he should seize this opportunity. Although this was his first time buying GEM stocks, it was worth a try.
In the afternoon trading, Tonghuashun continued to fall rapidly. At 13:07, Tonghuashun fell below the price of 13.50 yuan and has been fighting for this position since then.
At 13:15, the three major indexes all turned green. Tonghuashun failed to hold the price of 21.50 yuan. At 13:22, the stock price hit a low of 21.22 yuan, breaking the 10-day line in the intraday period.
Gu Junhao's buy order has begun to be executed. It has to be said that Gu Junhao's order at this position still has a certain power. Tonghuashun's stock price briefly rebounded from 21.22 yuan to 21.40 yuan.
At 1:30 p.m., the oil and steel sectors moved unusually, the two oil giants rose together, and the Shanghai Composite Index turned positive.
The market-protecting behavior of the two petrochemical giants has become a muscle memory for veteran A-share investors. Often when these two stocks rise, the adjustment of the broader market is about to come.
Some ordinary investors sold off their stocks one after another, and small and medium-sized start-up stocks all experienced a rapid decline at 1:30 p.m. when the market turned red.
As usual, Tong Huashun fell back to around 21.30 yuan, but this time, Tong Huashun did not continue to set a new low.
"It should be stable today. Strong stocks are still good in the short term. Don't follow the general trend."
After half an hour of low-level adjustment, Tonghuashun's stock price remained around 21.30 yuan, with a very low amplitude and a significantly reduced trading volume.
However, taking into account the last rapid decline, the price was below 21.35 yuan for 40 minutes. For Gu Junhao, who had already set up a pre-buried order, it was no problem to complete the transaction of 3,000 lots.
The average transaction price is 21.30 yuan, which is not bad. The average earnings per share of these 3,000 lots of T today is more than 1 yuan, and the profit difference of 330,000 yuan is not bad.
At 14:10, Tonghuashun, which did not hit a new low, began to receive large buy orders at the price of 21.35 yuan. During this period, Tonghuashun's trading volume increased significantly.
"It seems that there is off-market capital here to buy at the bottom." Looking at Tong Huashun's rapid rebound, Gu Junhao smiled.
In the rebound after 14:10, Yang Jian, who was in Guangdong Province, contributed his own strength. When he saw that Tong Huashun bottomed out for the second time without breaking the previous low and gradually stabilized on the 10-day line.
Yang Jian took action, placing orders for 2,500 lots in 7 batches. This was different from Gu Junhao's approach of suppressing the price by buying low and selling high, which had no impact on the stock price.
The price Yang Jian placed was 22 yuan. Such an order of more than 5 million yuan, even if it was in installments, would have a certain effect on raising the stock price.
Tonghuashun's stock price dropped from 21.35 yuan to 21.66 yuan within 10 minutes, then quickly fell back to 21.45 yuan, and stabilized at around 21.54 yuan at 14:30.
Yang Jian's 2,500-lot order was also executed during this process, with an average transaction price of 21.50 yuan. His position building efficiency was much higher than Gu Junhao's, and it only took 20 minutes.
It has to be said that the market-protecting behavior of the two petrochemical giants has cast a huge shadow on small and medium-sized enterprises. Although the Shanghai Composite Index turned positive, the profit effect of small and medium-sized enterprises in the afternoon was far worse than that in the morning.
It is not a good thing that big funds continue to attack blue-chip stocks. When the trading volume reaches its peak, the index does not have much room for adjustment, and finally has to use big killer weapons such as the two petrochemical giants.
Judging from the intraday structure today, there have been multiple adjustments in the market, and some funds have a strong desire to take profits. However, the Shanghai Composite Index is currently in an upward channel in a climbing stage.
At the low point of each round, there is off-market funds to take over, which also causes the low points and high points to continue to rise. However, this is not a good thing.
There will be a time when the sentiment of off-market funds will cool down. Once the funds are exhausted, it will turn into a trend of longs killing longs. Today's index has turned from the previous short squeeze to a volatile trend, which is already a sign of an adjustment.
Back to Tong Huashun, Tong Huashun's trading volume increased slightly again during the closing trading hours at 14:35, and the stock price rebounded rapidly.
At 14:38, after falling below the yellow moving average of the day at the opening, Tonghuashun returned to above the average price and closed at 21.78 yuan.
"It's okay, the rebound is pretty good, the volume is large, but not too much. Today's purchase is basically stable." Yang Jian stared at Tong Huashun's time-sharing chart and smiled happily.
Yang Jian, who has always been engaged in a stable trading model, has his own logical support for this sudden follow-up behavior, but in the end everything still depends on the trend.
Yang Jian was happy when he saw Tonghuashun rebound above the average price.
At 14:42, Tonghuashun rebounded to a maximum price of 22 yuan and then began to fall slowly, with no significant change in trading volume.
At the closing time of 15:00, Tonghuashun finally closed at 21.85 yuan, down 1.33% on the day; both the trading volume and turnover rate increased slightly compared with yesterday.
Today, there are many retail investors like Yang Jian who followed the trend and bought Tonghuashun.
Some impatient investors saw Tonghuashun open high in the morning and thought that the adjustment was over. They were worried that they would not be able to get on the train, so they couldn't wait to buy.
There are quite a few people of this kind. In a sense, Gu Junhao, who was doing T today, also took the opportunity to reap the benefits.
Such impatient investors will naturally be in a loss-making state at the closing, and very few of them are able to turn losses into profits.
Unless there is a sharp rebound in tomorrow's trading, the majority of them will be those who sell at a loss.
A bullish candlestick can change one's beliefs, and a few trading days of losses can also change one's beliefs.
For investors who buy at the bottom in the afternoon, even if they are lucky, as long as they do not buy in the last 20 minutes of the trading day, buying at any other stage is enough to guarantee today's profit.
Holding positions in a profitable state can often make people calmer, and this is the case with Brother Cao, the administrator within Li Zequn.
Instigated by Li Ze and based on their own analysis, everyone in Li Ze's group looked up to Tong Huashun, but the level of these people was basically just that.
Instead of judging from the previous major trends based on fundamentals, they only analyze based on the daily K-line. For Tong Huashun, who is familiar with the technical trends of the daily K-line, today's decline makes it somewhat difficult for them to buy at the bottom.
In addition, the rise of the two petrochemical giants in the afternoon dissuaded some people from buying again. The only two people besides Brother Cao who dared to buy again were them. Everyone else wanted to wait and see.
At this point, the number of people in the Soha group who held Tong Huashun in the early stage has dropped to four. The expansion of one group to an entire group also shows that this round of adjustment of the main funds was very successful.
Some people in Taoguba also tentatively bought some Tonghuashun today, but the amount of funds of these people is not small. At present, there are still only a few users who have more than 500,000 funds in A-shares.
Today, the Shanghai Composite Index was pulled up by the two petrochemical giants, closing at 2243.33 points, up 0.2%. Under the protection of the three major weighty sectors of coal, oil and steel, the trading volume was only 15 billion yuan more than yesterday.
Judging from these aspects, the Shanghai Composite Index has also entered a range of fluctuations from a strong upward trend, and the money-making effect during this period will be greatly reduced.
As for the ChiNext, although the index barely closed in the green today, the K-line performance was a false positive line, and individual stocks were generally falling.
In fact, it is not just the ChiNext. More than 60% of stocks in the stock market are in the red today. It seems that our A-shares have entered a period of time where the index rises but individual stocks do not.
Junshi No. 1's holdings today can be said to be all in the red. The only stock that rose was Dongfang Fortune, which closed at 11.67 yuan, while yesterday's closing price was 11.66 yuan.
Compared with the opening price of 12 yuan and the highest price of 12.32 yuan, the closing price of 11.67 yuan undoubtedly disappointed the majority of holders.
It is worth mentioning that Dongfang Wealth continued to increase its trading volume today, with the transaction volume exceeding 600 million yuan. Although it closed with a false negative line , it still stood above the five-line, and the trend was relatively healthy.
After all, Dongfang Wealth has been falling for more than a month. The last time the price was above 12 yuan was in June. Today's highest price of 12.32 yuan is already infinitely close to the highest price after the ex-rights on June 16.
The leeks who have been trapped for two months need to release the pressure in their hearts when they see hope of getting out of the trap. The high opening and low closing at this time give them an emotional catharsis.
At the same time, it also allows them to sell smoothly between small losses and small profits, which makes up for the suffering during this period.
In the evening, Yinzhijie, the only holding of Junshi No. 1 that was expected to suffer losses in the first half of the year, also officially announced its financial results for the first half of the year, and the negative news was officially realized.
In this financial report, the net profit loss is consistent with the performance forecast, but there are also bright spots; first, the decline in revenue has been greatly reduced, and second, cash flow has increased by 22.69% year-on-year.
Revenue has not dropped much, and cash flow is growing. From the perspective of specific business, although the revenue of Yinzhijie's financial information business has dropped slightly, the gross profit margin is still on an upward trend, reaching 52.17%.
As for software products, revenue still maintained a growth rate of 19.48%. The financial equipment business declined more sharply, but this is also the consequence of the pain of transformation.
Yinzhijie is currently in the stage of seeking transformation, and several of the companies it has reorganized and acquired are all current hot topics. Regardless of whether the transformation can be successful, it will not be bad in terms of expectations.
The financial results of this loss, which had many bright spots, also directly rebounded in the stock price. Yinzhijie fell from the lowest point to 17.22 yuan in the late trading stage, and the intraday decline exceeded 3%, directly pulling up to the closing price of 17.65 yuan.
Yinzhijie's official semi-annual financial changes are similar to Wan'an Technology's original financial report. It has to be said that the market at this stage is really too chaotic.
Insider funds do not shy away from this type of operation, but the operations of these insider funds can also indirectly reflect that Yinzhijie's future market expectations remain unchanged.