Chapter 194 Deluxe Edition of Semi-annual Report during the Adjustment Period
Wednesday, August 20th.
Gu Junhao came to the office as usual. The asset appraisal of Jiang Jianbai's company has been entrusted to a professional institution, and Guo Yuanwei is responsible for the specific matters.
If nothing unexpected happens, there should be results next week. Gu Junhao is quite concerned about his first industrial investment in his life and will pay attention to the specific progress every day.
In addition, we will keep in touch with Jiang Jianbai. Judging from Jiang Jianbai's feedback, since deciding to take a chance, Jiang Jianbai has accelerated the progress of the project at full speed.
In addition to the project itself, Jiang Jianbai has also recently made up for a lot of car-related knowledge. After all, he is a top student and not very old, so he learns things very quickly.
Gu Junhao had the easiest job. Specific matters were handled by specific people, and he only needed to know the progress of the project and get a satisfactory answer.
Gu Junhao started a new day of watching the market. It seemed that he had returned to his previous routine of watching the market in the rental house, except that the environment was better now and the trading channels were incomparable to before.
After the call auction ended, the two markets opened slightly lower, and individual stocks in the two markets showed a general decline. Tonghuashun opened at 21.60 yuan, down 1.16%.
"It's not bad, it opened above the 10-day line." Gu Junhao stared at the intraday chart and nodded.
Although it is still in a weak state, if it can stay above the 10-day line, relatively speaking, there is no need to be so pessimistic about the market outlook.
The daily K-line is not very good-looking, but Tong Huashun's weekly K-line is still quite beautiful, with three consecutive positive trends. So far this week, it closed with a cross negative line.
The recent adjustments are mainly around the 60-day weekly line position. Relatively speaking, this position still has some pressure.
At 9:30, as soon as the transaction started, the buyer's seat came out with a medium order of 521 lots, and Tonghuashun's stock price quickly rose to the flat price.
At 9:31, Tonghuashun briefly turned positive and reported a price of 21.91 yuan. Within this minute, Tonghuashun completed a total of nearly 1,000 transactions, and most of the buy orders were orders of 100 lots or more.
"Not bad. It seems like there is an intention to maintain the market today." Although the trading volume has shrunk seriously, Gu Junhao still feels satisfied with the situation.
Bu Shou Tong Hua Shun's brief resurgence did not last long. One minute later, the stock price turned green again. The intraday trading volume remained the same as in the opening stage, with most buy orders exceeding 100 lots, while sell orders were mainly scattered orders.
In terms of indexes, both markets opened low and closed low today, with weak fluctuations being the main trend in the morning. Heavyweight stocks also showed differentiation, but it seems that both the bulls and bears have reached a weak balance for the time being.
Looking at the current market, Gu Junhao still sees a general trend of volatile adjustments, but major systemic risks are not yet in place, and this adjustment is benign.
Regarding this kind of benign adjustment, Gu Junhao believes that if you are an ordinary retail investor with a small position and an uncertain grasp of the market, the best way is not to trade.
Various situations may arise during the trading process, and personal emotions will also be affected by the fluctuations of stock indexes and individual stocks, which makes it easy to make mistakes.
Gu Junhao naturally does not have such a situation, as his holdings and cash volume are large enough. For example, the 3,000 lots sold yesterday morning would not affect the position data even if he sold them all.
But if you do it right like you did yesterday, you will make hundreds of thousands of dollars in profit , and this deal is still relatively cost-effective; it is this good mentality that will make your judgment of the market more accurate.
When investing in stocks, the most important thing is to maintain your mindset. Only when your mindset is right can you do better, and there is no need to predict what will happen in the future.
We can have a rough expectation of the trend of the market and individual stocks, but we cannot predict it in advance; we should do what if the expected trend is achieved, and what if it is not achieved.
Make a good operation plan and leave everything else to the market. This is the correct way to trade stocks.
After a brief resurgence, Tonghuashun returned to the green again, showing a wave-like trend on the time-sharing chart. At 9:48, Tonghuashun fell again below 21.70 yuan to 21.63 yuan.
Seeing that the opening price was about to be broken, another buy order of 515 lots immediately appeared on the trading page. For Tong Huashun, which is currently experiencing a serious decline in volume, more than 500 buy orders are enough to protect the market.
It seems that the main funds are not in a hurry to get out. They just maintain the market from time to time, and leave the rest to the retail investors themselves. Although this trend is monotonous, Gu Junhao watches it with great interest.
When looking at the intraday time-sharing chart of stocks, you cannot simply look at the trends at times of sharp rise. You should also pay special attention to the strange trends when strong stocks pull back, such as today.
When the main funds are taking a complete rest and only maintaining the market, some small orders often represent the will of retail investors. Judging from the less than 20 minutes of trading this morning, retail investors mainly sell.
With the emergence of large orders of more than 500 lots, Tong Huashun briefly rose to above 21.70 yuan. Until 10:30, Tong Huashun had been maintained within this small range of fluctuations.
At 10:33, Tonghuashun's trading quotation showed another wave of volume close to the opening level, but this time there was no large order of 500 lots.
The funds were divided into 100 to 300 lots and started to buy. Tonghuashun's stock price saw a slight increase and 20 minutes later the stock price was reported at 21.81 yuan.
There was another wave of adjustments, and then the operation was the same as before. At 11:30, Tonghuashun closed at 21.80 yuan, and the stock price fell by 0.05 yuan.
The market closed, and Gu Junhao stretched himself in a relaxed mood. The overall adjustment today was relatively good. Although the stock price fell, Gu Junhao was not worried.
Speaking of which, Tonghuashun is still relatively strong today. Although it is still in the red, the opening price throughout the morning was the lowest price, and funds were also in a state of small inflows.
However, the trading volume in the morning was indeed small, with a total transaction volume of less than 30 million yuan. For Tong Huashun, whose average daily transaction volume has never been less than 100 million yuan in recent times, the reduction in volume is extremely obvious.
The last time this happened was on July 18, when the stock opened with a gap up and then rose for two consecutive days, followed by a pullback; it has been more than a month since then.
The extreme reduction in volume, in a sense, also means the beginning of a change in the market.
The trend this morning was not ideal. Although the two markets maintained a small decline, the Shanghai Composite 50 Index, which represents the large-cap stocks, fell more significantly today, which was obviously deviated from the overall market represented by the full index.
"Boss, can I ask you a less professional question?" Lunch was still a takeout order, but Gu Junhao did not eat with the employees as before.
Instead, he asked his assistant Li Xinyu to bring it into the office; similarly, Li Xinyu was also in the office having dinner with Gu Junhao.
"Not very professional? Go ahead and ask." Although the weather was hot, Gu Junhao had a good appetite; this made Li Xinyu a little envious. The boss ate , but he never gained weight. She didn't know how he maintained that figure.
"Don't you feel bored staring at those colorful graphs on the computer screen every day?"
Well, this question does seem a bit unprofessional coming from Li Xinyu's mouth; you have to know that this is a private equity firm, what else would they stare at if not the stock curve chart?
Gu Junhao didn't know how to answer for a moment. Someone had asked him this question before, and Gu Junhao's answer at that time was that it was to make money.
"If I say this is work, you may not understand it. But it is true. In fact, every job will become boring after a long time. It is impossible to maintain passion forever, but you have to do it."
"What about besides work? Hobbies?"
“Yes, it is. If you don’t have a certain passion for stocks, it’s actually very difficult to devote yourself to it. But I think it all comes down to ambition.”
"Ambition?" Li Xinyu was a little confused. What does this have to do with ambition?
"Well, in my opinion it is ambition; everyone has some small ambitions of their own, such as becoming an official and getting rich, or even just buying a house or a car.
With these ambitions, plus a little hobby, you can move towards this goal. My ambition is to make more money and live a better life, so the colorful things you mentioned will naturally not be boring to me. "
"I see." Li Xinyu seemed to understand a little bit what Gu Junhao said, but what the boss said seemed to be a little wrong. Buying a house and a car is not an ambition at all. It can only be regarded as a goal.
However, Li Xinyu did not say what he was thinking. It didn't seem good to confront his boss. But after a few years, housing prices reached a peak and the economy was in a downward trend.
At this time, Li Xinyu recalled what Gu Junhao said about ambition, and felt that it made sense. For ordinary people, buying a house is indeed an ambition.
In the afternoon, trading continued; since Tonghuashun officially stood firm on the intraday yellow moving average in the last hour of the morning trading, the afternoon trading increased the shock range.
Starting from 13:00, Tonghuashun's trading volume continued to shrink, and the stock price remained in the range of 21.70 yuan to 21.80 yuan. Half an hour later, at 13:36, Tonghuashun turned red again.
Three minutes later, Tong Huashun's highest price was 21.99 yuan. However, after seeing dozens of buy orders appear in succession, two sell orders of 200 lots appeared during Tong Huashun's trading session, which once again brought the stock price down to the flat price.
"It seems like they don't want it to turn around today." Gu Junhao said with a smile; yes, the market is not very good today, if it turns around under such circumstances, it will definitely attract the attention of retail investors.
For a group of people who chase rising prices and sell falling prices, when most stocks are in a downward range, the previously strong stock Tong Huashun that surges upward and turns red will bring them illusions.
This can be judged from the collective selling of small orders in the morning and the rapid entry of small orders when the market turned red in the afternoon; and, among these individual orders, it is not ruled out that some of them were sold by the same person in the morning.
Tong Huashun, which was suppressed by funds, never turned positive again. At the closing at three o'clock, Tong Huashun closed at 21.76 yuan. The entire day's transaction volume was only 63.9 million yuan, and the transaction volume hit the lowest level in one and a half months. At the same time, the turnover rate also dropped to 2.26%.
As for the overall market, the performance was not ideal. During the afternoon trading period, brokerage stocks rose slightly. Although the Shanghai Composite Index briefly turned positive and touched its high for the year, it was ultimately under too much pressure.
Although the Shanghai Composite Index has repeatedly touched its high for the year during the volatile market in the past few days, the index has not formed an effective breakthrough as the trading volume has not been able to increase.
A breakthrough must be accompanied by volume, and the same applies to individual stocks in a market with shrinking volume like today.
Including Tong Huashun, there are five stocks in total being operated. Today, except for Xibu Securities which rose by 0.01 yuan, the rest remained in a downward trend.
Wan'an Technology has had three consecutive declines. Tonghuashun has also had three consecutive declines. However, since today's closing price is higher than the opening price, it is not reflected in the daily K-line.
There was no operation today, not because Gu Junhao did not want to do anything, but because the room for operation was too small.
Tonghuashun did not have more than 600 buy and sell orders throughout the day, and the main funds were only used to maintain the market, and the oscillation range was extremely small.
Gu Junhao is now more or less a small major player in Tonghuashun. If he still focuses on three to five hundred shares and does T in today's market and earns a few thousand yuan, it would seem a little small in terms of the overall situation.
However, Gu Junhao is quite satisfied with Tonghuashun's trend today. Judging from the fact that the main funds are trying to maintain the market, it seems that there is no intention of selling in the short term.
As for the ChiNext Index, today's adjustment was relatively deep, opening low and closing low throughout the day. At the end of the trading day, the index even plunged by nearly 1% at one point and closed down 0.63%.
However, the ChiNext Index still remains above 1,400 points. Although it has fallen sharply today, it still remains above the five-day line.
…
On Thursday, the 21st, the Shanghai Composite Index continued to open lower, the ChiNext Index, which plunged in the late trading yesterday, opened slightly higher, and Tonghuashun opened higher at 21.92 yuan today.
In the same time period, Dongfang Fortune also maintained a high opening trend. Like Tonghuashun, Dongfang Fortune closed with a false positive line on the K-line yesterday, and the adjustment with reduced volume was also quite good.
Two stocks from the same sector, like twins, both opened higher today after yesterday's volume adjustment. It seems that everything shows good signs.
At 9:30, the ChiNext Index opened high and fluctuated upward, but Tong Huashun and Dongfang Wealth went the other way, both fluctuated downward. Among them, Tong Huashun quickly fell below the 21.70 yuan price, testing the ten-day line again.
"The market is falling, which is a bit strange." Tonight, Dongfang Wealth will officially announce its financial report for the first half of the year.
Tonghuashun’s official financial report has come out, and it looks very good; Dongfang Wealth’s performance expectations are also good. If the financial report data were not ideal, there would not be such a huge decline.
"Is it a market shakeout?" Gu Junhao smiled as he watched Tong Huashun, which fell to 21.60 yuan again and was then pulled up to the red plate price by a buy order of 587 lots, and Dong Fang Fortune, which rose synchronously.
There are three computer screens, on the left, center and right, showing the ChiNext Index, Tong Huashun and Dongfang Wealth's time-sharing interfaces respectively; these were installed by Gu Junhao after the market closed yesterday and he asked the technical department to help him.
It is easy to go from frugality to extravagance, but it is difficult to go from extravagance to frugality. Gu Junhao, who had been in the trading room for a long time, stared at a screen in the office to watch the market for several days in a row, and he felt a little uncomfortable for a while.
You know, before, I was able to just stare at a broken laptop screen in a rental house and that was fine.
However, Li Xinyu found it difficult to understand why Gu Junhao had set up so many fancy things in the office; he might as well continue to watch the market in the trading room.
"Today's volume is not bad. The buy orders are obviously larger than yesterday." It seems that today's transaction volume will not be only 60 million.
However, in terms of trading volume, Dongfang Wealth is still better. Although Dongfang Wealth's volume shrank yesterday, it was only compared with the previous trading day.
Dongfang Wealth's transaction volume of 435 million yuan yesterday was enough to match the volume of Tonghuashun in three or four days.
At 9:48, Tonghuashun was trading at 21.90 yuan. Another wave of intensive individual orders pushed the stock price down. However, during this brief decline, Tonghuashun did not turn green again.
The stock price only fell to a flat price of 21.76 yuan, while Dongfang Fortune has risen again to a positive state. The trends of the two stocks are exactly the same.
After half an hour of volatility in the morning, the ChiNext Index opened high and continued to rise, and the five-day line also showed an upward trend; while the Shanghai Composite Index remained sluggish.
It has to be said that the ChiNext Index, which plunged and accelerated adjustments at the end of yesterday's trading, also has certain advantages. At least today's trend is much stronger than that of the Shanghai Composite Index.
At 10:05, Tonghuashun returned to the high position of morning volatility. Five minutes later, the first buy order of 1,000 lots in two days pushed Tonghuashun up to 22 yuan.
"Haha, this is rare. Finally, there is a buy order at the Thousand Hand level. It looks like it shouldn't be a problem to stabilize the 5-day line today."
The trend is the same as yesterday, with funds mainly flowing in in small amounts. For the five-day line price of 22.06 yuan, as long as the ChiNext Index does not plunge again today, it will not be a problem to stabilize.
At 10:03, Tonghuashun reported 22.09 yuan, and the trend line returned to above the five-day line again. However, Dongfang Fortune fell again, and the stock price quickly reached 11.51 yuan.
"The pressure above 12 yuan is still a bit high. If it is not digested for a while, it will be very difficult. I don't know how Xiao Wang did it."
Since the last explanation, Gu Junhao has not asked about the fund status in the past few days, leaving everything to them to handle on their own. In addition, he does not know how Xu Da's short-term investment is doing.
Yinzhijie, which digested the negative news yesterday , performed well today and remained in the red. In recent period, it has remained above the 20-day moving average, and the stock price has shown a strengthening trend.
"It seems that there is not much time left for Xu Da's speculators." After flipping through the intraday charts of Yin Zhijie today and the past few trading days, Gu Junhao thought to himself.
Tonghuashun, which has returned to above the five-day line, has a relatively stable trend. Like the ChiNext Index, it maintains a small upward fluctuation, and Dongfang Wealth has also risen back above the yellow moving average.
"What a pity, although there is some volume, the amplitude and volume are still not enough." Although Tong Huashun maintained an upward oscillation, the range was too small. It seemed that there would be no opportunity to do T today.
At 10:30, the second buy order of 1,000 lots appeared on the Tonghuashun trading page today, and at the same time, Dongfang Wealth saw unusual movements.
A buy order of 2,153 lots, coupled with four buy orders of more than 500 lots, totaling 4,168 lots, with a buying volume of 5 million yuan, quickly pushed up the share price of Dongfang Wealth from 11.60 yuan in the green to 11.74 yuan, an increase of nearly 1%.
The share price of Dongfang Wealth continued to rise along with the explosion of trading volume. At 11:38, the share price was 11.81 yuan, up 1.47%.
"It's still better to have large volume. Stocks need large trading volumes." Looking at Tong Huashun's dozens or hundreds of buy and sell orders, and comparing the two, Gu Junhao sighed.
In just a short while, within less than ten minutes of trading time, Dongfang Wealth had completed transactions of more than 15,000 lots, while Tong Huashun's transaction volume yesterday was less than 30,000 lots.
It is quite comfortable to do T with such stocks, and there is no need to worry about not being able to sell them or take them back.
Tong Huashun was fortunate that he built his position early and seized the opportunity when there were large trading volumes. Otherwise, with such a daily trading volume of one or two hundred million, it would have been less practical to buy some blue-chip stocks and trade in them.
Dongfang Fortune, which had a slight increase in volume, returned to calm in subsequent transactions. However, like Tong Huashun, Dongfang Fortune never turned green again.
Tonghuashun hit the bottom of the 10-day line in the morning and then rebounded, stabilizing on the 5-day line during the session. It closed at 22.21 yuan at noon, up 2.07%, which was almost the highest point in the morning.
Dongfang Wealth also performed well today. At noon, it closed in the red like the ChiNext Index, while the Shanghai Composite Index continued to remain in the green, and there seems to be a risk of closing in the green for two consecutive trading days.
In the afternoon, the ChiNext Index, which had fluctuated upward in the morning, also began to slowly adjust downward. Tong Huashun and Dongfang Wealth also followed the same trend line.
These two stocks maintained a relatively synchronized trend with the index today. Overall, they were still quite affected by the index.
This adjustment trend continued until 2:30 p.m., when the ChiNext Index fell back to the five-day line and then began to rise rapidly. Tonghuashun also rose slowly during the same period.
However, compared with Tonghuashun following the trend of the index, Dongfang Wealth is obviously more confusing, as the volume is too obvious.
"It doesn't seem to be synchronized with the index. It's rising too fast." At this moment, Gu Junhao no longer cared about Tong Huashun. Anyway, there was no possibility of trading today.
Dongfang Wealth began to increase its trading volume again from 14:33. On the trading page, there were 13 large buy orders of more than 1,000 lots, totaling more than 23,000 lots.
The share price of Dongfang Wealth was once again pulled up to 11.80 yuan. After fluctuating sideways for less than a minute, two buy orders of 5,000 lots pushed the share price up to 11.88 yuan, setting a new intraday high.
"Even good stocks cannot escape the influence of insider information." Gu Junhao would never believe that a large buy order of this magnitude followed the rise of the index.
There is only one possibility, that is, the financial report of Dongfang Wealth has been known in advance by some funds with a keen sense of smell.
At 14:40, Dongfang Wealth, which had risen to above 11.90 yuan, finally began to fluctuate and consolidate, trying to digest the last trapped shares below 12 yuan.
At 14:50, Dongfang Wealth had its last abnormal volume increase of the day. This time the volume was also the largest in the intraday period, with two super large buy orders of more than 10,000 lots.
The share price of Dongfang Fortune once again broke through the integer price of 12 yuan. In the last 10 minutes of the trading session, the trading quotation of Dongfang Fortune was luxurious, with almost all purple transaction orders. By the call auction stage, Dongfang Fortune had completed 21,336 transactions.
Throughout the day, Dongfang Wealth closed at 12.24 yuan, up 5.15%, with a total transaction volume of 547 million yuan and a turnover rate of 5.04%.
Of Dongfang Wealth's total transaction volume of 547 million throughout the day, more than 270 million entered in the last half hour of the trading day, and there were obvious signs of large funds rushing to buy shares.
In comparison, Tonghuashun performed much worse today. Its transaction volume today was 111 million yuan, up 1.79%, closing at 22.15 yuan, which means it barely outperformed the ChiNext Index.
The ChiNext Index surged 1.43% today, closing at 1447.88 points. As for the Shanghai Composite Index, it failed to escape the Thursday curse throughout the day.
The Shanghai Composite Index fell for two consecutive days, down 0.44% throughout the day, and trading volume also increased slightly.
The main funds in the market that can influence the index are really bad taste. The ChiNext Index, which soared, closed at 88, while the Shanghai Composite Index, which had two consecutive declines, closed at 44.
In the evening, Dongfang Wealth released its official performance report for the first half of the year. During the reporting period, Dongfang Wealth's turnover increased by 159.39% compared with the same period last year, and the net profit attributable to ordinary shareholders of the listed company increased by 296.49% year-on-year.
The operating cash flow generated year-on-year increased by 913.93%, a sharp increase from more than 30 million last year to more than 300 million this year, which can be said to have dazzled the eyes of countless investors.
As for earnings per share and net cash flow, both increased by more than 400%. Among the top ten circulating shareholders announced during the same period, in addition to the actual controller and his related parties, five large public funds were on the list, including a social security fund portfolio.
In comparison, the more than 10,000 shares held by Junshi Growth Mixed Fund No. 1 seem a bit insufficient. You should know that Yifangda Growth Mixed Fund, which ranks tenth and has a similar name to Junshi No. 1, holds more than 16 million shares.
Like Gu Junhao, this semi-annual performance report, which was luxurious and completely exceeded market expectations, also became a hotly discussed topic among major fund managers and ordinary investors tonight.
"Amazing, with so many public funds crowded together and stock prices at a low level, the returns of Junshi No. 1 Fund this week are incredible." Wang Hao's assistant Shi Xin exclaimed.
In the past few trading days, Henghua No. 1 took advantage of the decline of Dongfang Wealth and adjusted part of its positions into it. Now, Dongfang Wealth's holdings have accounted for one-sixth of the total size of the fund.
"This kid really has vision, and you'll see, tomorrow the market will not only give Dongfang Wealth an increase in price that matches his performance, but even his personal holding, Tong Huashun, will perform well." Wang Hao also sighed.
Since the last equity pledge, countless fund managers have reason to believe that Gu Junhao will hold a large portion of Dong Fang Wealth, and it is even possible that he will hold a full position of Dong Fang Wealth as he usually does.
After all, there are no such strict requirements for private equity fund holdings.
"I give up. I must meet this young manager Gu if I have the chance." Shi Xin said.
"Sure, you're about the same age, so you can talk more if you have the chance. But I don't usually run into this guy, and I don't think I've ever heard of him participating in industry events outside of Ningbo."
He is high-profile in work and low-profile in life; this kind of young man has a bright future. At this point, Wang Hao no longer has much thought of fighting for the first place again. The new generation pushes the old generation forward, and he has no choice but to accept it.
Unlike others, although Gu Junhao was also impressed by Dongfang Wealth’s semi-annual report that exceeded expectations, fortunately, due to foreknowledge, he had some mental preparation.
At this moment, Gu Junhao was at home talking to Zhang Yiru about Yifangda Growth Mixed, the last of the top ten circulating shareholders in Dongfang Wealth’s financial report.
"Look at his name, it's similar to the name of our fund. I hope one day I can be among them."
"You can do it now. Find a stock with a small market value and it shouldn't be a problem for you to become one of the top ten shareholders." Zhang Yiru joked.
"That's meaningless. If it's going to appear, it will appear in large-cap stocks like Dongfang Wealth, or even blue-chip stocks." Gu Junhao said, looking at the computer screen with a deep gaze.
At this moment, he has a halo in Zhang Yiru's eyes.
