Chapter 206: The Motives of the Unusual Movements in the Plate
Both the Shanghai and Shenzhen stock markets broke the Thursday curse, and the Shanghai Composite Index was even more aggressive, pulling out five consecutive positive lines and breaking through the 2,300 point mark in one fell swoop.
However, in Gu Junhao's view, with the breakthrough of 2,300 points, the index has been pushed up to the high-pressure area where the previous trapped shares were concentrated. Although the current market bullish sentiment is stimulated, the volatility in the area where chips are trapped will inevitably intensify.
The trend in September may not change, but intensified volatility is inevitable. The so-called bull market is mostly characterized by sharp declines, and the same is true for the bear market, which is mostly characterized by long rises.
On Friday, September 5, Gu Junhao came to the office early and browsed through the emails in his mailbox and overnight news, preparing for the next transaction .
Overnight news showed that yesterday the Shanghai Stock Exchange, the Hong Kong Stock Exchange, the China Securities Depository and Clearing Corporation Limited and the Hong Kong China Securities Depository and Clearing Corporation Limited jointly signed a four-party agreement on the Shanghai-Hong Kong Stock Connect in Shanghai, and the content was quite detailed.
The Shanghai-Hong Kong Stock Connect has entered the final stage of implementation, which is important news for today's A-share trading.
"Let's just consider it as good news for now." Gu Junhao thought to himself, good news or bad news will only be reflected in the index and stock price. If the stock price falls, no matter how good the good news is, it will be useless.
On the contrary, even bad news can be interpreted as the end of bad news; therefore, we should always pay attention to the news, but we cannot rely entirely on the news to trade stocks .
Another important piece of news is the Beijing-Tianjin-Hebei integration meeting. The Beijing-Tianjin-Hebei integration has also been a relatively large concept sector hyped in the A-share market in recent years.
Later, there was an extension of this concept, Xiong'an New District. However, Gu Junhao had no desire to participate in this kind of concept stocks, so he didn't pay much attention to it.
The hype of concept stocks will only be temporary. If you want to survive in the market for a long time, you still have to look at the large industrial chain and performance. This is also the reason why Maotai Liquor Industry has been so enduring.
Another piece of news marked by Xu Yan is the policy on photovoltaics. The first batch of national integrated circuit industry investment funds may be established in the near future.
Gu Junhao looked at the news marked by Xu Yan and smiled knowingly.
The photovoltaic industry chain is undoubtedly a very large industry chain. However, it is not advisable to intervene at this time. The real outbreak of stocks related to this industry chain should be in 2020.
After the global reshuffle, the companies that have survived are worth investing in; but for ordinary investors, the early stages of an emerging industry are not the best time to get involved.
It is true that huge profits may be gained in the early stage, but the risks are also quite high. Gu Junhao once remembered that a company that was once known as the leader in photovoltaics had its industrial chain broken and disappeared overnight.
Ordinary investors who buy stocks of such companies in the early stages of the industrial chain may be stuck for several years at best, or lose all their money due to delisting at worst. All of these are possible.
The stock price of Yangguang Power Source, which Gu Junhao worked on in 2020, is less than 20 yuan at this time. It had even hit the daily limit the day before yesterday, and Gu Junhao had paid attention to it on the day of the daily limit.
But Gu Junhao did not include it in his buying plan. 2015 was an era of general price increases. It can be said that 90% of the stocks bought during this period and held until 2015 would not incur losses.
But in the bull market, there is also its main line. Only by holding the main line can you make more money. You will not lose money by buying Yangguang Power Supply, but you will not make much either.
After Yangguang Power Supply reached its peak in 2015, it fell to a point where no one was interested due to the fierce competition in the photovoltaic industry. How would ordinary investors get through that period?
Good stocks will also have their low periods. If you are a determined investor, the choice of timing may not be so important to you. As long as you can buy and hold on to it, it will be fine.
But not every investor is like this. How to get through the trough period is a challenging topic. What’s more, the timeline is extended to several years. What if there is an emergency during this period and a large amount of funds is needed?
Then you can only cut losses with pain and invest the funds in areas where they are more needed.
Therefore, when investing in stocks, the most important thing is to buy the right stocks at the right time. The same is true for doing business. Emerging industries have huge profits but also huge risks.
Risk is the first factor in any investment. Only by controlling the risk can you survive.
After quickly browsing some overnight news, Gu Junhao said a few words to Li Xinyu, then left the office and walked towards the trading room.
A new day, a new transaction will begin; and Li Xinyu will temporarily replace some of Gu Junhao's duties.
Overnight, foreign markets were affected by the non-farm payrolls report and some other radical speeches; the three major stock markets, Dow Jones, S&P and Nasdaq, fell, and gold prices also fell by 0.3%.
This is reflected in the A-share market, where the two markets saw mixed gains and losses after the call auction ended.
The Shanghai Composite Index remained extremely strong, gapping up for the fifth consecutive trading day this week to 2311.31 points. Although the ChiNext Index also opened higher, it did not gap up and closed at 1497.99 points.
"Haha, the fifth one gapped up. I wonder if it will be filled today." Xu Jianqing said with a smile. This week's market conditions were also an eye-opener for the three of them.
It is quite interesting to say that in the first four trading days of this week, although the index opened with a gap upward, the gaps on that day failed to be maintained.
Either at the opening or during the trading session, the three major indexes all filled the intraday gaps in a timely manner, and the volatility of the indexes can be seen.
This week, my A's principle of filling in the gaps was truly demonstrated.
"It is estimated that the gap will continue to be filled. The gap is not too big and the index is not as easy to pull up as individual stocks." Gu Junhao said with a smile.
This is the index. If this kind of upward gap occurs for five consecutive days on any individual stock, there is no doubt that the stock price will take off.
Today, the five holdings including Tong Huashun performed as steadily as ever and were not affected by the continued high opening of the broader market. They seemed determined to stick to their own style.
Dongfang Wealth and Xibu Securities opened high, Yinzhijie opened flat, Wan'an Technology and Tonghuashun opened low.
At the beginning of the trading day, the Shanghai Composite Index rose rapidly. In addition, the heavyweight stocks in the three major financial sectors continued to rise, constantly attacking the index.
The ChiNext Index unexpectedly opened high and closed low. After creating a new rebound high of 1498.76 points at the opening, the index quickly turned downward.
"The pressure is finally here." Looking at the ChiNext Index which was adjusting downward, Gu Junhao sighed.
The Shanghai Composite Index has the support of heavyweights, and the densely trapped area above 2,300 points can be sustained for a while, but the ChiNext is also facing pressure from the integer mark of 1,500 points.
In the early morning call auction, when the price was only 2 points away from the 1500 integer mark, there was no attempt made, which shows the determination of the funds.
The ChiNext Index, which opened at a price close to its highest point, continued to decline, taking a completely opposite trend from the Shanghai Composite Index. However, Dongfang Fortune and Tonghuashun, which opened higher, unexpectedly performed quite well.
Dongfang Fortune, which opened high, was affected by the index and turned green slightly in less than a minute. There were continuous purple buy orders of more than 500 on the trading platform.
The share price of Dongfang Fortune also turned positive again at 9:33, breaking through the opening price, while the K-line had three consecutive negative lines and Tonghuashun, which opened low again today, performed even stronger.
As soon as the transaction started, Tonghuashun surged upward rapidly, and the opening price was the lowest point. By 9:34, Tonghuashun's increase had exceeded 1%.
"He didn't pull up the index when it soared in the previous four days, but started to pull it up today. It's really interesting." Gu Junhao smiled as he looked at the trends of the two stocks.
"Don't the main funds have to celebrate the holidays?" Wang Ruoyu joked as he looked at Dongfang Wealth which was rising against the market trend.
Some funds fled today, which is actually something everyone can imagine; September 8, which is next Monday, is this year's Mid-Autumn Festival, and the A-share market will be closed for one day.
Before major holidays, some funds choose to flee, causing the market to fall. This is a common occurrence. The longer the holiday, the higher the possibility.
The continued decline of the ChiNext Index today may not be without such factors. Fortunately, the market is closed for only one day.
"It is also possible that the market leaders are eager to celebrate the holiday?" Gu Junhao said with a smile. Compared with the three major indexes, these two stocks have been sluggish for four trading days.
If the market doesn't rise today, popularity will gradually disappear, and without new funds to take over, we will really not be able to celebrate the holiday.
At 9:40, the Shanghai Composite Index fluctuated upward, the ChiNext Index accelerated downward, and Tong Huashun and Dongfang Wealth both moved abnormally.
The first transaction order of the day above 1,000 shares appeared on Tonghuashun's trading panel, and the stock price quickly broke through the 25 yuan mark. Two minutes later, Tonghuashun closed at 25.25 yuan, up 2.52%.
Dongfang Wealth also rose by more than 1%, while the ChiNext Index's decline had widened to 0.5%.
These two stocks and two major indexes are now displayed on the big screen in Junshi Capital's trading room. The Shanghai Composite Index can be ignored, while the two stocks closely related to the ChiNext Index are showing completely opposite trends.
On one side, there is the rapidly declining index, while on the other side, there are individual stocks that are accelerating upward; this is particularly abrupt.
After 9:40, the trading volume on Tonghuashun's trading list increased significantly, and the intensive trading volume continued to push up the stock price.
At 9:50, Tonghuashun reported 25.56, up 3.78%. Dongfang Fortune also began to move abnormally at this time, with a total of more than 5,000 large purchases. The stock price of Dongfang Fortune quickly rose to 13.83 yuan.
The volume of 5,000 lots was not the end of Dongfang Wealth. One minute later, the volume of Dongfang Wealth's trading market increased again, with a total transaction volume of more than 30,000 lots.
The share price of Dongfang Fortune rose rapidly from 13.83 yuan to 14.12 yuan in a straight line, with a share price increase of 3.60%, while Tonghuashun's performance was even more eye-catching.
When Dongfang Wealth rose abnormally, Tonghuashun also rose rapidly to 26 yuan in the same period, and its stock price broke through the two major integer thresholds of 25 yuan and 26 yuan during the day.
It seems that Tong Huashun is determined to continue to be the leader of the sector today.
At 9:56, Tonghuashun reported 26.60 yuan, up 8% on the day, and only 0.1 yuan away from the previous high of 26.70 yuan. Dongfang Fortune also rose to 14.24 yuan, up 4.48%.
"Please sell 5,000 lots at 14.10 yuan. Quickly! Hurry up." At this time, Gu Junhao suddenly said to Wang Ruoyu.
Without time to think about it, Wang Ruoyu acted quickly and placed a sell order for 5,000 lots directly. Since the trading volume was still in the stage of large-scale orders, Wang Ruoyu's sell order was also successfully executed.
The average transaction price was 14.15 yuan, with funds recovered of 7.075 million yuan. Dongfang Wealth also quickly fell back to the price of 14.15 yuan.
Seeing the order successfully completed, Wang Ruoyu calmed down and asked Gu Junhao, "Boss, why did you suddenly sell such a large order?"
Not only Wang Ruoyu, the other two also looked at Gu Junhao in surprise. Gu Junhao rarely sold a large amount of chips so impatiently during the trading session.
Even if he decides to reduce his holdings, Gu Junhao will ship the goods in batches to minimize the number of large orders.
What's more, Dongfang Wealth's trend was intact at this time, and the ChiNext Index also responded accordingly, with the decline narrowed to less than 0.2%.
"Look at the trend of Tong Huashun. There are only a few orders at the price of 26.60 yuan. It is not even shown on the time-sharing chart." Gu Junhao pointed to the big screen.
Afterwards, Xu Jianqing also operated the computer and looked through Tong Huashun's delivery note. Sure enough, after searching for a long time, he could hardly find the order for 26.60 yuan.
"Ah, I found it. I almost went blind looking for it, and it's only been 10 hands." Xu Jianqing sighed. At this time, it was already 10 o'clock, and the price of Tonghuashun had fallen back to 25.85 yuan.
"Then what does this prove? Tong Huashun is not Dongfang Fortune. Didn't Dongfang Fortune fall much?" Xu Jianqing was most interested in this kind of short-term trading quotation and couldn't help asking.
"You should know what the fact that there are only a dozen or so buy orders means, right?" Gu Junhao said.
"Well, I know this. It means that the funds have no intention of taking over at a high price. These 10 or so lots were probably bought by some retail investors on impulse." Xu Jianqing nodded.
"Well, if there is capital that wants to go long, the stock price has reached 26.60 yuan, and there are not many locked-in shares above it. Maybe 1,000 lots are enough to pull a daily limit at this time."
After saying that, Gu Junhao paused for a moment, and Xu Jianqing nodded. According to Tong Huashun's trading volume, if 1,000 lots were directly placed at the upper limit, there was indeed a high possibility that the price would be pulled up.
Wang Ruoyu and Liu Tingting were also listening quietly to Gu Junhao's analysis at this time.
After a pause, Gu Junhao continued, "This also shows that funds have no intention of going long. Considering the abnormal performance of these two stocks this week, and their independent trend today when the index fell, the rise is self-evident."
Then Gu Junhao smiled again and said, "If I were outside, I would definitely hit Tong Huashun directly, but I have already lost weight before, so I will let him go this time, haha."
"What does that have to do with Dongfang Wealth?" Wang Ruoyu said. At this time, the share price of Dongfang Wealth still remained above 14.10 yuan, and there seemed to be signs of continuing to move upward.
"They are similar. They are in the same sector and have the same concept. The trading volume is much smaller now. Even if they go up, they can't go very high. I guess they are the same as Tong Huashun, near the previous high point."
While speaking, Gu Junhao did not stop watching the market. At this time, Tong Huashun had quickly fallen to near the yellow moving average of the day, with a decline of more than 4%.
At 10:15, with a volume of nearly 5,000 lots, Dongfang Fortune returned to the price of 14.22 yuan, which was lower than the previous high of 14.24 yuan. Then, like Tonghuashun, it started to fall back.
At this time, the ChiNext Index also returned to the falling mode from the rebound stage. In this round of nearly 20 minutes of rebound, the ChiNext Index only reached 1493.67 points and failed to turn positive.
Dongfang Wealth and Tonghuashun's intraday trends were similar to those of the ChiNext for the first time, both moving out of the falling pattern, the only difference being the red and green plates.
It seemed that Dongfang Wealth’s second round of rise did not reach the previous high and quickly fell back. Five minutes later, Dongfang Wealth fell below the intraday average price.
Everything was as the boss had judged, and the three of them showed expressions of admiration.
"Don't have that expression. This is a very normal behavior. The second round of highs cannot exceed the previous high, and the ChiNext Index is under pressure. It is inevitable that these two stocks will fall." Gu Junhao said with a smile.
Both stocks fell below their moving averages, and the decline of the ChiNext Index also expanded to more than 0.5%, creating a new intraday low.
Wang Ruoyu and others also gradually realized that today's trend may not change significantly during the day, but it is more like the main force using a small amount of capital to increase shipments.
Wang Ruoyu thought of the topic of the festival just now, and said with a smile: "It seems that the main force is really short of money for the Mid-Autumn Festival."
Afterwards, Wang Ruoyu saw that the share price of Dongfang Wealth had fallen to around 13.80 yuan, returning to the starting point when it had just risen, and the trading volume had also shrunk significantly.
Wang Ruoyu also immediately asked Gu Junhao: "Boss, do we want to take him back now?"
Gu Junhao thought for a while and said, "Forget it for now. Even if we buy it back at the current price, it will only be about 2 points. I think it will continue to adjust later."
There is a high probability that these two stocks will close with a positive line today. The only difference is the size of the positive line. If they don't make a trend that looks like a fairy's guidance, they will not be able to deceive people into taking over the shares.
Gu Junhao still firmly believes that these two stocks will continue to adjust, and this round of T of Dongfang Wealth must wait until near the ten-day line before taking it back.
There should be at least a 5% profit, Gu Junhao thought, otherwise this T is meaningless.
At 10:55, the ChiNext Index fell by 0.9% to 1482.20 points. The continued decline of the ChiNext also affected the trend of the Shanghai Composite Index.
The scumbag brokerage sector fell sharply, Xibu Securities rose and fell, and it has turned green at this time, and the Shanghai Composite Index also fell below the intraday moving average, reporting 2308.79 points.
"It looks like the gap really needs to be filled. Haha, this is really interesting." The gradually falling index made Gu Junhao couldn't help laughing.
At 11 o'clock, the Shanghai Composite Index completed the gap filling and started to rise again, just like it did in the previous few days, while the ChiNext Index also slowly stopped falling.
At 11:30, the two markets closed, with the Shanghai Composite Index closing at 2313.86 points, up 0.30%, and the ChiNext Index closing at 1484.72 points, down 0.72%.
Tonghuashun closed at 25.20 yuan, up 2.31%, and fell nearly 5.56% from its high. Dongfang Fortune closed at 13.93 yuan, up 2.20%.
The two markets, which had been rising continuously, saw differentiation today. The ChiNext Index was the first to start to pull back. Although the Shanghai Composite Index still maintained a strong position, today's profit effect was significantly lower than in the previous few days.
At the end of the morning session, most stocks in the two markets rose and then fell, and the number of stocks in the red exceeded 20%. The fear of high funds was undoubtedly revealed. Of course, it is also related to the upcoming Mid-Autumn Festival.
In the afternoon, trading continued and the two markets continued the morning's trend. The Shanghai Composite Index continued to fluctuate upward, while the ChiNext Index continued to consolidate at a low level.
The ChiNext Index fell today, and its trading volume seems to have shrunk a lot compared to yesterday, if it does not rise in the late trading.
In the morning session, Gu Junhao's main focus was on Dongfang Wealth, and he also decided to reduce his holdings in Dongfang Wealth during the session; in the afternoon, another stock that Gu Junhao believed might have an upward trend, Yinzhijie, also attracted Gu Junhao's attention.
Yinzhijie opened flat in the morning, and after creating a new high of 22.48 yuan, it began to fluctuate downward, and the stock price remained below the daily moving average.
At the morning close, Yinzhijie was reported at 22.10 yuan, down 0.38%. After entering the afternoon trading, Yinzhijie, like the ChiNext Index, was consolidating at a low level.
At 13:18, a round of intensive selling, with a volume close to 1,000 lots, caused Yinzhijie to fall below the 22 yuan level. Four minutes later, Yinzhijie was trading at 21.92 yuan.
The market suddenly changed, and three buy orders of 600 lots quickly pulled Yinzhijie up to the flat price. After a series of intensive transactions, Yinzhijie was reported at 22.35 yuan, and the stock price turned positive.
Yinzhijie, which turned red, did not start to adjust. There were several consecutive buy orders of 600 lots. Yinzhijie's stock price rushed straight up to 22.80 yuan, continuing to set a new high.
During the period when the ChiNext Index was consolidating at a low level, Yinzhijie, which rose by more than 4%, also quickly climbed to the top of the 5-minute gainer list, attracting the attention of countless investors inside and outside the market.
At 13:42, Yinzhijie reported 22.95 yuan, with a short-term transaction volume of more than 5 million yuan and an increase of more than 3%; the successive increases in holdings also made Gu Junhao smile.
This wave of buying by Yin Zhijie is obviously accompanied by trading volume, and it seems that it is really going to accelerate.
However, at this time, the ChiNext Index began to fall again, entering the decline mode for the third time within the day, and the adjustment posture was very obvious; and Yinzhijie also began to fall back.
Seeing Xu Jianqing looking at him, Gu Junhao seemed to know what he was going to say: "If it doesn't decrease, Yin Zhijie is likely to accelerate. Today's trend clearly means taking advantage of the GEM correction to wash out another wave."
At 2 p.m., Yinzhijie began to accelerate its decline after reaching the second highest price in the afternoon, but the trading volume did not increase, and there were more scattered orders on the trading page.
Seeing this, Gu Junhao became more convinced. From the big sun after four trading days of adjustment to the big sun after two trading days of adjustment, today's wash-out makes Yin Zhijie worth looking forward to next week.
At 2:30 p.m., the magical 2:30 did not appear, the ChiNext Index turned positive unintentionally, Yinzhijie dived quickly, and still failed to increase its trading volume.
At 15:00, Yinzhijie closed at 21.88 yuan, down 1.35% on the day, with a turnover of 102 million yuan. The K-line showed a negative line with a long upper shadow and shrinking volume.
