Chapter 199: Don't Leave, Fellow Village
Compared with the investors who rushed into Dongfang Wealth in the early trading session, those who bought Tonghuashun at the bottom during the green trading session this morning were luckier.
Tonghuashun, which also rose and then fell, finally closed at 24.70 yuan for the day, recording a return of 1.35%. The total transaction volume for the day was 339 million yuan, and the turnover rate also reached more than 10%.
Compared with Dongfang Fortune's closing price which is the lowest price, Tonghuashun has a relatively higher probability of rising tomorrow. Ordinary investors who bought in the green today also have a greater chance of taking profits and exiting.
But no matter what, the large-volume decline in these two stocks today also represents the beginning of adjustments, and it is no longer suitable for operation in a short period of time.
At half past five, the Dragon and Tiger List updated Yin Zhijie's Dragon and Tiger List for today. On the Yin Zhijie Dragon and Tiger List, institutional seats appeared frequently, and the second-best institutional seat bought more than 10 million yuan.
The institutions that sold the second and fifth stocks sold a total of 8.5 million yuan. Relatively speaking, today it was not only hot money, but also institutions that showed net buying on the Yinzhijie stock.
Two hours after the release of Yinzhijie’s Dragon and Tiger List, the company issued a formal announcement that it had received an administrative licensing project review feedback notice issued by the China Securities Regulatory Commission.
"So that's how it is. These institutions are really cunning." After seeing the announcement, Gu Junhao finally understood why the institutions rushed into the market today.
The content of this announcement actually talks about the progress of asset restructuring; it can also be seen from this announcement that Yinzhijie's asset restructuring has made significant progress.
According to the specific reply notice time given in the announcement, Yinzhijie's major asset restructuring will have a final result around the end of next month at the latest.
This announcement, which gives a clear time point, is undoubtedly good news; regardless of whether the CSRC will approve or reject the acquisition by the end of next month.
With a month's reaction time, institutions have already made huge profits; this kind of information advantage makes it difficult for retail investors to compete with them.
Returning to this era, Gu Junhao once again felt the chaos in the current market. In 2022, although the market conditions are not as good as they are now, there are fewer such blatant behaviors.
Strict supervision is undoubtedly a good thing for retail investors, but it is impossible to completely eliminate this phenomenon.
Nothing happened that night. On Tuesday, Gu Junhao, who was in charge of company affairs, came to the trading room. Tong Huashun had done what she could, and she didn't quite understand the current situation of the fund.
I must not forget my identity as Junshi No. 1 Fund Manager and part-time trader.
"Let me guess, the boss must have reduced his holdings in Tong Huashun yesterday." Xu Jianqing said with a smile as he entered the door.
"Haha, Mr. Xu has been doing short-term trading for two weeks, and his skills have improved." Gu Junhao also smiled and continued, this is not difficult to guess.
Having not been here for over a week, Gu Junhao was not busy holding a morning meeting. Instead, he asked everyone to pull up their recent transaction records for a check.
The first person we look at is Liu Tingting. Her operation is relatively simple. Apart from doing T during the day, she reduced her positions last Friday and did not make any operations yesterday.
After reading the operation records, Gu Junhao flipped through Liu Tingting's operation log again. The log recorded that the reason for no operation yesterday was the adjustment and differentiation of heavyweight stocks, which affected the securities sector.
Judging from the daily K-line trend, Xibu Securities' decline yesterday has broken through all moving averages from the 5-day line to the 20-day line. The trend of one negative line crossing multiple curves can undoubtedly only be waited.
"Good, you've done a great job; you've made rapid progress and you have enough patience." While comparing the K-line, Gu Junhao said to Liu Tingting.
The analysis in the log is correct. Although Xibu Securities fell 2.23% yesterday, it does not seem like much, but we still need to analyze each specific stock specifically.
A drop of more than 2% is already very large for Xibu Securities, a brokerage stock with relatively small fluctuations. The K-line of Xibu Securities also shows a long negative line.
If the market fails to close today, as the broader market adjusts, Xibu Securities will continue to probe the 60-day line to find a new support point.
Currently, there is 6.7 million yuan in cash in the Xibu Securities sub-account, and the 60-day line price is around 11.60 yuan, which is more than 2% lower than yesterday's closing price.
This 2% difference can also collect more chips, which is what Liu Tingting's patience can do. If it were someone who lacks patience, he would have bought in at the end of yesterday's trading.
After all, with continued optimism, the closing price is already far lower than the selling price last Friday.
"Boss also thinks we can wait, right?" Seeing Gu Junhao's affirmativeness, Liu Tingting also said with a smile.
"Well, don't wait too long, just one or two days. It would be best if it can hold the 60-day line. If it can't, buy it back in the next few days."
Although Gu Junhao was very sure of Liu Tingting's opinion, he still decided to let her replenish her positions in Xibu Securities within the next few trading days.
This is all because there is no systemic risk in the market at present, it is just adjusting, and the specific time of this adjustment cannot be predicted.
Instead of waiting until it finally adjusts and then buys in, it is better to start buying gradually when the stock price is now far below 12 yuan, just as doing a T for the next day.
For a stock with potential for additional issuance, it is really unknown when it will be launched. If it is delayed for a few more days, the T will be in vain.
Gu Junhao only took a quick look at Xu Jianqing's sub-account. He didn't care about Xu's short-term operations. He did n't care .
However, it was during this glance that Gu Junhao discovered that Xu Jianqing had used the remaining funds in his hands to continue buying Yin Zhijie yesterday, and the position of Yin Zhijie had reached 9,800 lots.
"You have a good grasp of time. It seems your ability to read the market has improved." However, compared with the improvement in Xu Jianqing's ability to read the market, Gu Junhao was even more pleased that he seemed to have gained a certain level of patience.
Under yesterday's unusual movement, Xu Jianqing was able to slowly accumulate shares below the daily moving average, rather than making a one-time purchase that would cause stock price fluctuations and thus raise costs.
"Haha, I saw the trading volume increased yesterday and the price also went up. I thought it shouldn't be a problem to buy it." Faced with the boss's compliments, Xu Dayouzi seemed a little embarrassed.
"Fortunately it was only 2.5 million yuan, otherwise it would have been on the Dragon and Tiger List." The purchase amount for five seats on the Dragon and Tiger List yesterday was 4.81 million yuan, still on Hongling Middle Road in Shenzhen.
"The trading volume is still too small. I need to be careful when doing T in the future and try to control the amount to around 3 million yuan to avoid appearing on the Dragon and Tiger List."
Hongling Middle Road has not been taken, and institutions are also buying. For a small-cap stock like Yinzhijie, which holds nearly 10,000 chips, it is still necessary to keep a low profile.
If you are doing T with two or three million, big funds will hardly pay attention to you. But if you are doing T with more than tens of millions or even hundreds of millions, it is hard to say.
"Okay, I understand." Xu Jianqing nodded, but he still felt a little regretful.
Gu Junhao knew exactly what Xu Jianqing was thinking. It was Xu Jianqing's dream to become a hot money investor. Since he was a hot money investor, he would inevitably appear on the Dragon and Tiger list.
The reason why I specifically reminded him to control his positions when doing T was because I was afraid that Xu Jianqing would get too excited and end up like last time. It would be bad if he ended up on the Dragon and Tiger List without noticing.
After that, we came to Dongfang Wealth, which Gu Junhao was most concerned about. I had looked at the previous ones before, and today I mainly wanted to see Wang Ruoyu’s operations yesterday.
As expected, Wang Ruoyu remained stable and reduced part of his positions in the early morning trading while the market was at a high level. However, at two o'clock, Wang Ruoyu still had transactions to sell.
It can be seen that he also realized the short-term risks of Dongfang Wealth. The stock price has fallen to near the flat price and he is still selling.
"Good, keep it up." Looking at the Dong Fang Wealth with only 5,000 lots left in the account and as much as 10.5 million yuan in cash, Gu Junhao no longer needed to speak directly.
With a selling volume of 7,500 lots, Wang Ruoyu was able to maintain an average transaction price of 14 yuan, which is quite good.
"You did a great job. I'll tell Director Guo and give you a bonus." Gu Junhao was very satisfied with the performance of the three yesterday. They were able to achieve this level without any prior instructions.
"Haha, thank you, boss!" The three said in unison. It was naturally a happy thing to have a bonus, especially for the three who had recently bought new cars, the small treasury was still relatively tight.
"Okay, everyone take your positions and prepare for today's transaction." Gu Junhao waved his hand and then walked to his workstation.
The workstation was very clean. Gu Junhao wiped it with his fingers and found there was no stain at all. It was also obvious that someone cleaned it every day. Gu Junhao nodded and didn't say much.
The trading time arrived on time. Following yesterday's black opening, both markets opened lower today. Among the fund holdings, Dongfang Wealth had the worst performance.
Following yesterday's bare-footed negative line, Dongfang Fortune opened lower again today at 13.04 yuan, with a share price down 2.07%. Nearly 14,000 lots were traded in the call auction phase.
There are obvious signs of large funds running away, and coupled with the downward trend in stock prices, today's Dongfang Wealth trend is basically ruined.
"No need to move today, just wait for the ten-day line." Gu Junhao said to Wang Ruoyu.
This kind of trend of gapping down from a high position makes it difficult to hold the five-day line even if the gap is quickly filled during the day. This is what Dongfang Wealth is familiar with.
Otherwise, if he changed to a stock that he was not familiar with, Gu Junhao would definitely sell all his stocks and leave; then, Gu Junhao looked at his own stock holding Tong Huashun.
Tong Huashun's performance today is better than Dong Fang Wealth. Following yesterday's false negative line, Tong Huashun opened at a flat price today, which relatively speaking also gave it an opportunity to run away.
…
"No, I won't sell it. I know there will be adjustments, but I can't be a T. I don't know when he will stop adjusting. It would be bad if he sells it too fast." Li Ze said in a sonorous and powerful voice in the Soha group.
Yesterday, both Dongfang Fortune and Tonghuashun fell. Most people in the group chose to liquidate their positions and run away. Only Li Ze was still fully invested. In addition, Brother Cao reduced his position to 30%.
When the stock price exceeded 26 yuan, Li Ze was quite excited. It was the first stock that doubled in his life. Afterwards, he watched everyone reduce their holdings or even clear their positions.
It would be a lie to say that he was not tempted, but Li Ze still decided to wait a little longer. He wanted to wait until Brother T resolved the pledge, and there would be an announcement on the release of the pledge.
"Dongfang Wealth gapped down today, the trend is definitely not going to be good. Tong Huashun is more honest. It gave people a chance to run away in the early trading. Li Kuang, you actually didn't sell."
"Don't panic, I have made a lot of profit. There were so many institutions on the Dragon and Tiger List that day, and Brother T was also on it. The market must be very good." Then Li Ze said, "Brother T only held Dafu Technology for more than a month and then cleared his position, but he held Wangsu Technology for several months.
Look at the trends of Wangsu Technology and Dafu Technology. Brother T has held Tong Huashun’s shares for several months and pledged them. He will definitely hold them for a while longer. Aren’t you tempted?”
Everyone knew what Li Ze meant, but they still had to sell it.
"Just wait until the market adjusts a bit before buying in. You've sold out many times before, so you've been given opportunities. If you sell out, you can buy more when the stock price drops."
“What you said does make sense, but I’d better forget it. I’m afraid if I sell it now, if it goes up later, I’ll buy it back again, which would be a loss.
Besides, if the price drops too much, I can still add to my position. Tong Huashun’s trend is not bad.”
Li Ze is so stubborn when it comes to stocks. Once he makes up his mind about something, he will not listen to other people's suggestions until he finally overturns his own ideas.
It was like this before when I was doing short-term trading, and it is still like this now when I hold positions in Tong Huashun. Strictly speaking, this kind of personality is actually not suitable for stock trading. The stock market is ever-changing, and a stock can have its expectations, but also its unexpected times.
Even if it is within expectations, there will be relatively large adjustments. At this time, it is reasonable to follow the trend and make a small wave operation.
The essence of long-term investment is to be bullish and short, and to perform swing operations during the holding process. This can avoid adjustments while reducing the risk of holding costs.
Whether to choose to clear the position or to reduce the position significantly when the expected time comes depends on personal position and the purpose of the funds. If the expected time does not come, the band operation also leaves enough room for clearing the position and stopping the loss.
The ultimate purpose of buying stocks is to sell them, as long as you achieve your profit target.
Of course, this is the way to operate when there is profit and the profit is high.
As for what to do with stocks that have been stuck for a long time, that is another matter.
For stocks that have been stuck for a long time, it depends on whether there are changes in the industry and company fundamentals. If there are no changes, you can be patient and hold on.
It is impossible for a stock to remain in a falling state all the time. Even if it falls from a high of 48 yuan, there will be a rebound at a certain point.
If the fundamentals remain unchanged, taking advantage of this small rebound to carry out swing operations is also a way to get out of the predicament.
However, unlike the adjustment of an upward trend, a rebound during a downward trend often has the next low point.
During this rebound, remember not to be too greedy, and exit the new positions in time as soon as you make a little profit.
After that, just be patient and take advantage of the rules of multiple rebounds to slowly reduce the cost.
This is just a helpless act. For most people, they are reluctant to cut their losses as they are stuck in deep losses, so they just use this method to reduce some losses.
The best way to operate, of course, is to stop loss and exit in time when risks are discovered, thereby reducing the probability of loss.
Just like today's Dongfang Wealth, if you had entered at a high price yesterday, and looked at the performance of individual stocks and the index at the end of the trading day, you should have thought about what to do today.
If the index and individual stocks perform well at the opening today, you can wait. Even if Dongfang Wealth falls sharply at the opening today, it is still an excellent opportunity to do T within the day.
After all, as much as 1.8 billion was traded yesterday. These funds need to come out and some pull-up will be done. But when the decline is not big and there is a gap up or down like now, we cannot hesitate.
You should stop loss and exit in time when the market opens or fills a gap upward. If you are familiar with the individual stock, you can wait until it adjusts and then enter again.
While reducing risks, you can also do a T at the same time. The same amount of funds can buy more chips, which also provides a basis for a rebound.
After the trading started, Dongfang Wealth rebounded slightly and finally reached 13.37 yuan, then quickly started to fall. As Gu Junhao judged, it continued to fall after filling the gap.
With no worries about holding positions, there is no need to pay too much attention to such a trend today; then, Gu Junhao turned his attention to Yin Zhijie.
For stocks that are pushed up by institutions, the probability of consecutive gains is still relatively small. Yinzhijie opened high at 19.48 yuan in the morning session today, and fell rapidly after the close to fill the gap.
Seeing that the two markets were still fluctuating downward like yesterday, Gu Junhao said to the three people: "Pay special attention to the upward gaps during the adjustment period, there is a high probability that they will be filled; so don't be in a hurry if you want to buy."
The trading volume of Yinzhijie in the morning session today is still not small, which is naturally a good thing. Regardless of the increase in volume, the most feared thing for a stock is that it is always in a state of no volume.
After observing the ups and downs of Yin Zhijie's stock price, Gu Junhao lost interest. Since Xu Jianqing was watching him, Gu Junhao focused his attention on the Shanghai Composite Index.
Although there was positive news about the approval of the Shenzhen-Hong Kong exchange in the morning news, the market was obviously fluctuating at a high level. The Shanghai Composite Index fell to the five-day line yesterday and did not rebound as expected when the Shanghai-Hong Kong Stock Connect was launched.
When the price is low, it only takes a piece of news to stimulate funds to pour in like a shot of chicken blood. Once it reaches a high level, it is not so easy to get big funds to take over.
The trick that my fellow villagers should not follow is only useful on retail investors. Big funds obviously don't buy it.
Although there are still some heavyweight stocks supporting the market, the Shanghai Composite Index continued to fluctuate downward after a slight turn for the better, and the adjustment trend remains unchanged.
The Shanghai Composite Index, which fluctuated downward in the morning, fell below the five-day line as expected, while the ChiNext Index fell faster than yesterday.
By 10:30 in the morning, the ChiNext Index, which had been fluctuating downward, had fallen by more than 1%. More than 60% of stocks in the two markets were in the red, and the market was shrouded in dark clouds.
However, at present, this trend of the two market indices has not yet affected the fund holdings other than Dongfang Wealth, and Xibu Securities has maintained a narrow fluctuation near the flat price.
There is no need to say much about Yinzhijie, which hit the daily limit yesterday , and Wan'an Technology, which I haven't watched for a while, performed quite well today.
After Wan'an Technology briefly hit a high of 13.55 yuan on August 14, it continued to adjust and fluctuate downward for the next seven trading days until it fell below the five-day line.
As of today, Wan'an Technology has already fallen below the 10-day support level, and the intraday trading volume has once again returned to below 50 million yuan. Last Friday, it even created a recent low, with a daily trading volume of 30 million yuan.
In today's morning trading, Wan'an Technology maintained an increase of around 0.5%, but the trading volume remained sluggish. It seemed that the adjustment had ended, but the trading volume obviously could not deceive everyone.
Stocks that rise with shrinking volume still need to be paid attention to unless they are at an absolute low. Last Friday, Wan'an Technology also closed in the green with a trading volume of 30 million yuan.
However, it was of no use, as a drop yesterday brought the stock price back to its original level.
"It looks like there's no show today."
During the whole morning, Gu Junhao did not choose to trade, but instead observed the recent performance of the fund's holdings and today's opening performance. After the analysis, Gu Junhao could not help but sigh to the three people.
Today, except for Yinzhijie, the other three support positions, among which Wan'an Technology has shrunk severely, and it is not advisable to intervene on the second trading day of Dongfang Wealth's wide adjustment.
As for Xibu Securities, although its performance in the morning trading was acceptable, it is difficult for a brokerage stock to remain immune to the decline of the index. If nothing unexpected happens, it will most likely turn green in the afternoon.
"It would be great if Xibu Securities closed with a big negative line today like yesterday." Hearing Gu Junhao's sigh, Liu Tingting also said.
If the market closes with a similar trend as yesterday, then we can start to build positions at the end of the trading day.”
After a period of real-time trading, Liu Tingting also discovered that building a position does not have to be that tiring. Based on the current price of Xibu Securities, 6.7 million in funds can buy more than 5,600 lots.
If you buy during the trading session, you need to trade continuously, but this will not be the case if you make appropriate purchases during the trading session and place a large order at the closing auction.
In addition to making trading easier, this method will also greatly speed up the process of building positions. The only disadvantage is that it is easy for the main funds to notice it. However, for an amount of 6.7 million and the factor of brokerage stocks, being noticed is not a big deal.
At one o'clock, Gu Junhao, who had just woken up from a nap, was still a little out of shape. At this time, Xu Jianqing's voice came to his ears.
"Hey, what happened? The three major indexes all plunged!"
Gu Junhao instantly perked up upon hearing this and quickly walked to the front of his workstation.
"Haha, he actually dived." Gu Junhao was not surprised but happy about the diving.
The market in the morning made people drowsy. Unexpectedly, as soon as the market opened in the afternoon, the three major indexes all plunged. However, it was also reasonable. When the market was at a high level, it would fall after a long period of trading. I just didn’t expect it to be like this when the market opened in the afternoon.
Xibu Securities fell rapidly from the flat price of 11.85 yuan to 11.72 yuan, with the decline widening to more than 1%.
"Haha, it seems there is a chance." Gu Junhao glanced at Liu Tingting and said, Liu Tingting also nodded. She didn't expect that she would be the one who got the award.
