Chapter 200: The statutory decline date arrived as promised
As the three major indexes plunged rapidly, the declines of individual stocks also began to expand rapidly, and some stocks that were in the green in the morning also began to fall.
At 1:30 p.m., the number of stocks in the green in both markets gradually decreased, and the market showed a general decline. Among the fund holdings, the most affected were naturally Dongfang Wealth and Xibu Securities; both of these index-related stocks fell rapidly.
Xibu Securities fell below the 11.70 yuan price level, with the decline widening to 1.5%. The trading volume also showed a small increase trend, while Dongfang Wealth's decline has widened to 3%.
"Keep steady, don't be in a hurry." Gu Junhao said to Liu Tingting who was eager to try. The diving had just begun, so there was obviously no need to be in a hurry.
At 13:36, securities firms began to plunge. Xibu Securities, as a weak stock, was the first to react. The share price dropped like lightning from 11.68 yuan to 11.54 yuan.
"It's time to open a position." Gu Junhao said to Liu Tingting. Such rapid declines are often accompanied by large sell orders. If you miss this period of time, it will take a lot of time again.
Liu Tingting did not reply, but took quick action; Gu Junhao looked at Wang Ruoyu and Xu Jianqing again. Wang Ruoyu was staring at the board calmly.
Yin Zhijie's trading volume is relatively large today. Xu Jianqing is busy, and the operations of each stock are proceeding step by step. Gu Junhao is quite satisfied.
As for Wan'an Technology, which was traded by Gu Junhao himself, there was no chance due to the small trading volume, so he took advantage of the decline to look at Tong Huashun's trend chart.
Tong Huashun's performance today was pretty good. Except for the early morning drop, it remained in the green throughout the morning, and then plunged in the afternoon.
Tong Huashun only turned green within three minutes of the opening. As far as today's trend is concerned, Tong Huashun can be considered very good and did not fall as fast as Dong Fang Fortune.
Nearing two o'clock in the afternoon, Tong Huashun even hit the 25 yuan level again, but due to the trading volume, Tong Huashun quickly fell back.
"The price keeps rising in an endless stream, and the highs are getting lower and lower. It will inevitably be adjusted." Gu Junhao sighed.
Although Tonghuashun performed excellently today, the trading volume was basically released in the morning, and by the afternoon the trading volume was actually very small.
Like Gu Junhao, it is even less likely that the main funds will sell all their positions at once. Looking at Tong Huashun's turnover and transactions in a day and a half, basically everything that could be sold had been sold.
"Boss, how many times did you use Tong Huashun yesterday?" Wang Ruoyu asked. If one were to ask who among the three people paid the most attention to Tong Huashun, it would definitely be Wang Ruoyu.
"Not much was sold, just a few thousand lots, and less than 10 million in funds." Gu Junhao said with a smile, unlike Dongfang Wealth's transaction volume of more than one billion yesterday.
Tong Huashun only has a sales volume of more than 300 million, and being able to sell 10 million is actually very good, which is close to 3% of the daily trading volume.
If there was a Dragon and Tiger List, Gu Junhao would definitely be on the list. Fortunately, the main funds did not push the price to the daily limit yesterday, otherwise he would be in trouble.
"Well, boss, you are awesome; but I don't know what Mr. Jiang is thinking. Boss, if you reduce your holdings, it will be enough to invest in his company." Wang Ruoyu said.
Today, the news that Gu Junhao has invested in an unknown industrial company has spread within the company. For a private equity manager, this seems somewhat unprofessional.
However, the people in the market intelligence department seemed somewhat excited. Gu Junhao had previously redivided the responsibilities of the market intelligence department.
Some of them are dedicated to collecting information on the secondary market, while others focus on research activities in the primary market. Although the boss did not use them for this industrial investment.
But everyone is still very optimistic. Although they were not needed this time, it does not mean that they will not be needed next time. This can also be seen as a test of the primary market by the boss.
In fact, their ideas are roughly the same. An investor cannot always focus on only one product, nor can he only focus on the secondary market.
If Gu Junhao wants to become a qualified investor, he must be exposed to a wide range of products, and the primary market is naturally indispensable. However, the primary market that Gu Junhao can access is relatively limited at present.
As for investment in the primary market, Gu Junhao's attention is still mainly focused on Beicang and some areas around Yongcheng. There is no other way, because his current network of contacts, except Su Mingyu, is concentrated here.
For example, the well-known Tik Tok and Tik Tok, although they are still in the early stages, these companies will not accept investment from an ordinary person, even if he is rich.
The reason is simple. The financing of these companies is calculated in US dollars. Even the initial financing starts from several million US dollars, and in addition to requiring a lot of money.
What these founders care about most is whether they can be provided with resources. Firstly, the money Gu Junhao has now does not meet this standard, and secondly, he does not have any resources to provide.
Even if you follow the prophet's routine, get close to the founders, and point out the trend of corporate development, the big guys will not accept your investment. At most, they will invite you to join their company.
The Internet is now very mature. Founders who can carve out a path in this environment and stand at the top are unlikely to be fooled by a few words of deception.
Moreover, as far as the primary market is concerned, Gu Junhao prefers to invest in companies with real industrial foundations, which will have opportunities to go public in the future.
As for Internet companies, Gu Junhao personally is not very interested in them. They will just start to make a fuss. The ultimate destination of Internet companies is to sell advertisements and do nothing more than these.
Although money can be made quickly, it is also easy to cause controversy. For people like Gu Junhao who do not have a strong backing, it is best not to make money if possible.
At three o'clock, the day's trading ended; today's declines in the two markets were more severe than yesterday. The afternoon plunge caused the three major indexes to fall below the five-day line, and the wind direction turned from strong to weak.
The Shanghai Composite Index fell 0.99% to 2207.11 points. At this rate of decline, tomorrow will be another day to test the 2200 points. The ChiNext Index fell 2.26% today to 1411.15 points.
Among the stocks held by funds and individuals, Dongfang Wealth suffered the most severe drop, with a sharp drop of 4.63% to close at 12.77 yuan. Although the trading volume was much smaller than yesterday, it was still as high as 999 million yuan.
As expected, the stock with the highest increase was Yinzhijie, which hit the daily limit yesterday. Yinzhijie closed at 19.87 yuan, up 3.13%. Yinzhijie, which hit a new high, also freed up all previous trapped shares except for today's high-price chasing.
Compared with the previous period, the Yinzhijie stock trading area has become much more active. The sharp rise in two consecutive trading days has attracted a lot of attention.
"How much did you buy?" Gu Junhao asked Liu Tingting after the market closed.
When Xibu Securities fell to 11.54 yuan in the afternoon, Gu Junhao asked Liu Tingting to start building a position. At the close of the market, it closed at 11.61 yuan, down 2.03% on the day, and once again formed a big negative line trend.
"3,000 lots. I bought a lot in the call auction." Liu Tingting said with a smile. It is quite difficult to control the price and buy more stocks during the trading session. The call auction is obviously not a good choice.
Today, the average transaction price of 3,000 lots is 11.60 yuan. With 6.7 million yuan of funds, more than half of the positions have been built. I think if I buy some more tomorrow, it should be almost done.
"The speed is quite fast. Let's continue at this pace tomorrow and fill up the position." Then Gu Junhao said to Wang Ruoyu: "Dongfang Wealth has fallen for two consecutive days. Don't worry. Wait until the ChiNext Index has adjusted to a certain extent."
The ChiNext Index broke through the five-day and ten-day lines today. Although the long-term trend remains unchanged, there is no support above the daily K-line, and it is inevitable to find further support points downward.
Today is the 26th, and there are only these three trading days left this month. These three trading days are also the intensive period for the release of semi-annual financial reports.
Some companies with poor performance that have been dragging their feet have no reason to continue dragging their feet, so these three days are also the time when individual stocks frequently explode.
But think about it from another angle, if we can get through the minefield of the semi-annual report, we can live a peaceful life for a long period of time, which can be regarded as a negative impact.
This can be seen from the performance of Yinzhijie. After Yinzhijie officially announced its semi-annual report, it only fell for one day and adjusted for two trading days.
After that, the market started to rise. The market has almost fallen enough and the consolidation at the low level has been sufficient. Naturally, the expectation of a rebound will not be too far away.
August 27, Wednesday; after experiencing sharp declines on Monday and Tuesday, the three major indexes all opened slightly lower today, which gave the market a breath of relief.
However, the performance of individual stocks is still unsatisfactory, and the trends of most stocks in the call auction are very average.
"Boss, what do you think of today's market?" Liu Tingting, who was closest to Gu Junhao, asked after the call auction. Xibu Securities opened at a flat price today, but the trading volume in the call auction shrank severely.
"It's just taking a breath before falling again. Unless it finds strong support or a big positive line to return to the bullish trend, the high opening here is meaningless." Gu Junhao said decisively.
"So are you going to buy today?" Seeing that the boss was still bearish, Liu Tingting was naturally happy. Being able to collect more chips at a lower price could be considered her own achievement.
"Buy it. Go short if you're bullish and go long if you're bearish. If you have money, why not buy it?" Then Gu Junhao added, "It still depends on the trading volume. Don't force a full position. This way we can collect more chips."
Yesterday, Xibu Securities only traded 135 million yuan. The more than 3 million purchased by Liu Tingting actually accounted for 3% of the total transaction volume, which is definitely not a small amount.
Even if you start building a position for a stock at the lowest price, for Junshi No. 1 with the existing amount of funds, you cannot buy the entire position, and the trading volume is not allowed.
Only retail investors with relatively small amounts of capital can fully invest at the lowest price, which is why Gu Junhao is bearish and long.
When funds reach a certain level, drawdown is inevitable. All you can do is to minimize the drawdown through position management.
Gu Junhao has done a good job in this regard. Whether in this life or in his previous life, Gu Junhao, who grew up after the stock market crash in 2015, has been able to minimize the drawdown through reasonable position adjustment whenever the market adjusts.
This ability is also reflected in bottom fishing. With a reasonable position, a person will be more relaxed physically and mentally during the decline, so he will not panic when bottom fishing.
As far as Tonghuashun’s current cost is concerned, the cost of Gu Junhao’s 12,000 lots has dropped to 0.3 yuan, a figure that will never fall below in any case.
Even if Tong Huashun had a severe pullback, at a certain point, Gu Junhao would naturally dare to increase his holdings, because he was already invincible anyway.
The same is true for Junshi No. 1 at present. Junshi No. 1, with an overall profit of more than 50%, has experienced a certain degree of pullback, but for Gu Junhao, it is nothing.
At 9:30, trading began and the index fluctuated in a narrow range with a sluggish performance. The trading volume was much smaller than that of the previous trading day. Wan'an Technology, which unexpectedly rose 1.19% yesterday, opened 0.02 yuan higher today.
In fact, this kind of stock with low trading volume seems to have no reference value at all. A slightly larger order is enough to drive it down by more than 2%.
Gu Junhao can currently do this. Calculated based on the trading volume of Wan'an Technology in the early trading session, from 9:30 to 9:44, the total trading volume on the market was only about 1,000 lots.
This transaction volume of nearly 1,000 lots was entirely done by retail investors. There were only three orders of 100 lots or more. If Gu Junhao had directly placed an order for 1,000 lots at this time.
It seems that the current stock price of Wan'an Technology is not going to rise by three cents, but there is a very high probability that it will fall by thirty cents. However, Gu Junhao will naturally not do that.
I don't want to control the market, so there is no need to do this. If you want to control the market, you can do this. Use a small amount of money to smash the market and cause panic among retail investors, and then you can absorb the funds.
Compared with Xibu Securities, which has been trading sideways in the same period and has already broken through, Wan'an Technology's trend is stronger, but Wan'an Technology, with its moving averages intertwined, is still facing a turning point.
"I want to kill the enemy, but I'm powerless to reverse the situation." Gu Junhao looked at Wan'an Technology helplessly. If it weren't for his sentimentality and knowing its general trend, he really wanted to sell all his shares in it.
With a daily transaction volume of 20 to 30 million, it would be fine if the price really fell below the support level; but he is in a sideways trend at a high level, so it is useless to know that he needs to adjust.
With a daily turnover of over 30 million, selling 3 million a day is a very luxurious figure, not to mention that it is almost impossible to clear out the current market value of over 11 million within one day.
Unless you nuke yourself.
The sluggish market conditions meant that today's trading was doomed to be very boring. Throughout the day, the two market indices turned slightly positive, with the Shanghai Composite Index up 0.11% and the ChiNext Index up 0.67%. The trading volume fell below 30 billion yuan.
Tong Huashun, which let the person escape yesterday, did not show any signs of weakness today and its main capital plunged 3.75% against the market trend, with its share price closing at 24.10 yuan. If calculated from Monday's high of 26.70 yuan, Tong Huashun has fallen by nearly 10% in three days.
After completing the rights exercise, Tong Huashun's turnover rate exceeded 24% within three trading days. Relatively speaking, the chips are already seriously loose. As the saying goes, it goes up quickly and down hard.
For Tong Huashun, which has loose chips at high levels, the adjustment is destined to be difficult like that of Dong Fang Wealth, simply because Dong Fang Wealth has the support of trading volume.
Once the main funds of Tonghuashun stop working, it is destined to fluctuate downward. In Gu Junhao's view, this wave of adjustments will reach the gap of the most recent starting day.
That was the day when the stock price broke the daily limit at the end of trading on August 13. Our A-share market must fill any gaps. It was very reasonable for Tong Huashun, which had already gone through the adjustment posture, to fill the recent gap.
"Okay, it's time to get off work. There's no need for a meeting." After a brief review, Gu Junhao said to the three people that today's performance of the market and individual stocks had no reference value.
So the after-market meeting could naturally be canceled. Although it was only a little after 4 p.m., for Xu Jianqing and the other two, leaving work early was a common occurrence, so it wasn't that strange.
After walking out of the trading room, Gu Junhao did not stay in the company any longer, but went straight out the door and went home. After a night of rest, Gu Junhao walked into the trading room early the next morning, still in high spirits.
"Why does the boss look so happy?" Xu Jianqing asked Wang Ruoyu with some confusion.
Wang Ruoyu rolled her eyes at him and said nothing.
"Single dog, you don't understand." Gu Junhao also heard it. While mocking Xu Jianqing, he accidentally made a big move and mocked the three of them together.
Wang Ruoyu and Xu Jianqing were basically immune to this kind of ridicule, but Liu Tingting obviously couldn't stand it and said madly: "Ah, I must find a boyfriend this year. I have been ridiculed by the boss many times. It's more annoying than my mother."
"It's okay, you'll get used to it after listening to it a few times." Xu Jianqing shrugged indifferently.
In fact, in terms of age, the three are older than Gu Junhao. Liu Tingting is 25 years old, and Xu Jianqing and Wang Ruoyu are the same age, both 26 years old.
All three of them have good incomes. In fact, at this age, it is suitable for them to find a partner and settle down. With a significant other, their goals will be different.
For example, when Xu Jianqing was chatting last time, Gu Junhao reminded him to save some money, or seek some support from his family to buy a house here, but Xu Jianqing said that there was no need to buy a house now.
Most of the single men have the same idea as Xu Jianqing. Gu Junhao in his previous life was also like this at the beginning. Gu Junhao naturally understood this.
However, although he gets along with the three of them more like friends than superiors and subordinates, Gu Junhao is reluctant to persuade them too much. Let him regret it when he wants to buy a house in a few years.
If a single man wants to save money, it will be difficult unless he has a strong family background or is extremely self-disciplined, no matter how high his salary is.
At 9:25, the call auction ended; yesterday's rise seemed to continue today; after the auction ended, both markets opened slightly higher, but this was only the performance of the index.
There are more green stocks than red stocks in the two markets, regardless of whether they are correcting from highs or consolidating from lows; Junshi No. 1’s holdings include everything.
In today's bidding, Junshi No. 1's holdings and Tonghuashun all opened lower.
"It's an illusion, misleading people again." Gu Junhao said with a smile. It seems that the statutory decline day still has power. The misleading operation of the index today seems to prove something.
At 9:30, trading officially began. The Shanghai Composite Index, affected by the heavyweight stocks, showed a slight upward trend, but the ChiNext Index fell rapidly.
"Haha, this is the showdown, we are heading for the 20-day line. Max out your positions today." Gu Junhao said with a smile.
Given the situation of the ChiNext today, the decline is bound to be at least 1 point. It closed slightly higher yesterday, but was completely swallowed up in less than 10 minutes today.
Today's decline has been confirmed. This week's decline has been really terrible. It has fallen for three out of four trading days, and the only day of increase was gone in less than 10 minutes.
The full position of Xibu Securities was operated according to plan, but the full position of Dongfang Wealth was a temporary judgment made by Gu Junhao. The decline of the index today has found a new support point.
For Dongfang Wealth, which opened low in the morning and directly broke the five-day line, it also needs a new support point, which is the 10-day line and the two long positive lines on the 21st and 22nd.
Dongfang Wealth has had huge trading volume recently and has been extremely strong in the early stages, coupled with its dazzling performance. The short-term adjustments of strong stocks cannot be judged in the same way as the index.
Maintaining the long-term trend and buying low near the 10-day line are the main operating ideas behind Dongfang Wealth's temporary decision to go all in today.
As for misjudgment of stop loss, Gu Junhao had not thought about this. At the current extremely low cost, if the judgment is wrong in a short period of time, Dongfang Wealth does not need to have a stop loss.
Only when it falls below the previous two big suns will it be possible to stop loss, but it will not be necessary at that time because of the support of the 20-day line.
Dongfang Wealth has already shown signs of taking off. Before the bull market comes, no matter how much it falls, it cannot stay in a broken state for a long time like last time. A pullback of several trading days is still tolerable.
As for Yin Zhijie, Xu Jianqing has been trading it recently, so there is no need to explain it specifically. It is a low-level starting stock with an increase in trading volume, so there is no need to worry about a pullback.
Wan'an Technology, which has risen for two consecutive trading days, was suppressed by the 10-day line today. Its trend was the same as that of the ChiNext Index, fluctuating downward. In the early trading, there was no obvious change in trading volume.
After half an hour of fluctuation, the ChiNext Index, which opened high, widened its decline to 0.7%; however, with the partial market protection of major financial institutions, the Shanghai Composite Index turned positive and the ChiNext Index also rose slightly.
The financial stocks' market-supporting behavior only delayed the index but did not prevent the continued decline of small and medium-sized start-up stocks. Wan'an Technology, Tonghuashun, Dongfang Wealth, etc. all fell again.
At 10:30, seeing that there was no hope of supporting the market, financial stocks also died down, and the Shanghai Composite Index fell into the red again. The ChiNext Index also fell rapidly during this time, falling below 1410 points in less than 10 minutes.
"That's cruel enough." At this moment, Wan'an Technology's decline has widened to more than 2%, which has also swallowed up the gains of the previous two trading days. Taking advantage of the index's decline to change the market, this is very powerful.
However, judging from the trading volume of Wan'an Technology, it is not ruled out that retail investors are hurting themselves. If this is the case, the main funds will be more at ease.
