Chapter 216 An ominous premonition
When the ChiNext Index was fluctuating at a low level, Dongfang Wealth, which has always had a correlation and interaction with the index, took a trend that went against the index, which also surprised Gu Junhao.
Fortunately, the abnormal movement of Dongfang Wealth to turn red only lasted for 10 minutes; at 11:03, Dongfang Wealth turned green again. During these 10 minutes, the transaction volume of Dongfang Wealth was close to 50 million yuan.
The transaction volume of 50 million was mainly driven by the sale of small and medium-sized orders. Seeing this, Gu Junhao also understood that today's increase was not for shipping.
It makes sense. Dongfang Wealth’s performance has not been very good this month, and the total trading volume in the previous two trading days exceeded 1.5 billion yuan.
Today, what Dongfang Wealth needs is not to sell its stocks, but how to scare out the ordinary investors who were trapped before, so as to collect chips again.
At the midday close, Dongfang Fortune closed at 13.86 yuan, down 0.29%, Yinzhijie closed at 24.83 yuan, down 2.44%, and the ChiNext Index remained at 1521.70 points, down 0.16%.
In the morning trading, the two stock markets were sluggish, with more declines than gains, and the trading volume was also rather bleak; and of the three traders of Junshi No. 1, except Xu Jianqing, the other two did not make any transactions.
Although Gu Junhao judged in the morning that the main funds of Dongfang Wealth were trying to take advantage of the downturn in the index to create a scene of Dongfang Wealth rising and falling, trying to enter the stage of accumulating funds.
However, Gu Junhao did not take any action. Since the big funds have such intention, the probability of Dongfang Wealth turning positive today should be small. It may even fall again when the index falls back to a deep level.
Bull markets are mostly characterized by sharp declines, while bear markets are mostly characterized by long rises. Dongfang Wealth, which has already adjusted to a deep level, will most likely not be able to escape a sharp decline.
As for Yin Zhijie, as the date of the original announcement to reply to the CSRC was getting closer, in order to prevent the loss of chips, Gu Junhao instructed Xu Jianqing that he could do T within the same day, but he must ensure that all the chips T out could be received back within the same day.
If he is not sure of taking back all the chips sold during the day, Gu Junhao would rather bear the losses from a sharp correction like today.
…
"Is this the end of Tong Huashun? The last wave of pull-ups did not exceed the previous high. Is this a head and shoulders top?"
In Li Zequn, everyone is discussing the trend of Tong Huashun. Tong Huashun, which has fallen below the five-day line for two consecutive trading days, closed at 24.87 yuan at noon today, and the stock price is just one step away from the 20-day line.
However, when there were continuous pullbacks, these people had already liquidated their positions in Tong Huashun. Apart from Li Ze, Brother Cao was the only one in the group who owned 10% of the positions in Tong Huashun.
Li Ze, on the other hand, is still fully invested in Tong Huashun. In his words, he is holding on to the end; however, this is also because there is sufficient profit support.
Except for Li Ze, most of the people in the group are old investors who have experienced the baptism of bull and bear markets. They naturally know the risks of the market. Whenever the steel, coal, oil and other sectors rise, these people will reduce or clear their positions.
Due to the unusual movement of steel prices in the past few trading days, everyone has gradually reduced their positions until they cleared all their positions; however, not many people can hold on to their short positions, and most people bought other stocks after reducing their positions.
Just as Gu Junhao thought, there are many people who can see the risks when the stock index is high, but not many can control their hands.
Look, today's morning market was sluggish and everyone was in a new round of selling at a loss. Unknowingly, some people's profits from Tonghuashun have been lost in several rounds of selling at a loss.
Li Ze's mood has not been very good in recent days. Including today, Tong Huashun has already had four negative lines in five trading days. Li Ze feels that he should sell.
However, when he thought about Brother T's shares still being pledged, greed overcame his reason; of course, there was one most critical issue: Li Ze could not understand Tong Huashun's trend.
As the two stock markets rose, some ordinary investors including Li Ze were a little confused. For people who are not particularly experienced, there is no point in participating in the high-priced stocks and indexes.
No one can tell whether the market will rise or fall in the future, and the same is true for Li Ze. If it were before, Tong Huashun, who had been falling for several days in a row, would have been abandoned by Li Ze long ago.
Seeing everyone discussing Tong Huashun's performance, Li Ze did not say much except for sending a few emoticons.
Li Ze, who was a little annoyed by what everyone said, closed the group chat and said to himself, "Believe in Brother T. I don't believe that Brother T will just ignore all the pledged shares."
Gu Junhao was naturally unaware of Li Ze's behavior. He didn't even know that there was such a person as Li Ze in some corner.
What Gu Junhao could not have imagined was that in the sluggish market, he had become the faith in the hearts of some people who held Tong Huashun stocks.
It was his holdings that allowed them to persevere; of course, among this group of people, there were only a few who made huge profits like Li Ze, and most of them were trapped.
Since the announcement of the pledge, most people did not dare to chase Tonghuashun, and waited until Tonghuashun rose sharply before chasing it. At this time, Tonghuashun was in a state of adjustment. Naturally, everyone was trapped...
Gu Junhao, who was unaware that he was quietly influencing some people, woke up from a nap and continued his task of watching the market with full energy in the afternoon.
In the afternoon, the three major financial sectors, which had been adjusting continuously for many days, finally reacted and began to protect the market. The Shanghai Composite Index also turned positive ten minutes later.
Two minutes later, the ChiNext Index also turned positive.
Junshi No. 1's holdings include the most popular Dongfang Fortune and Yinzhijie, which did not rise and remained in a low-level fluctuation trend.
At 13:12, when the ChiNext Index turned positive, a sell order of 600 lots expanded the decline of Yinzhijie to more than 3%, and Dongfang Wealth also tended to expand accordingly.
"Here we go. Today's market is a bit weird." Gu Junhao said.
At this moment, the four people in the trading room were all staring at the big screen in the trading room. The trends of the two major indexes and the two major positions were being projected on the big screen.
Yinzhijie's stock price continued to decline, and ten minutes later, it was hit by a capital dump of more than 5 million yuan. The stock price closed at 24.12 yuan, and the intraday decline widened to 5.23%.
"The callback is really severe. It looks like there will be another wave."
Afterwards, Gu Junhao checked the stock prices of the two markets. During this period when the index continued to rise and turn positive, there were quite a few stocks that performed well, such as Dongfang Fortune and Yinzhijie.
At this point, Gu Junhao was roughly certain that the adjustment of the three major indexes would not be too far away; the ominous premonition in his heart in the morning came from this long-term market-watching intuition.
At 13:37, Yinzhijie reported 23.96 yuan, breaking through the 25 yuan and 24 yuan levels during the day. However, the force of the market crash had obviously weakened at this time, with only 3 million yuan left.
"It should be about time. Xiao Xu can slowly buy back what he sold this morning." Although he expected adjustments in the two markets, Gu Junhao still insisted on his plan.
Especially at times like this, the more we must not be frightened by panic and keep our chips from being lost.
After giving instructions to Xu Jianqing, Gu Junhao no longer paid attention to the trend of Yin Zhijie, but turned his attention back to Dongfang Wealth. At this time, Dongfang Wealth was fluctuating around the daily average price of 13.80 yuan.
In terms of trend, it is still in a low-level narrow range oscillation mode, with no large-volume decline or rise.
Gu Junhao was watching the ordinary trend with great interest. Xu Jianqing and the other three did not understand why the boss was so happy to see the downward trend.
All, just because I am getting closer and closer to my goal.
Entering the second half of the afternoon, Dongfang Fortune had a slight increase, but as the ChiNext Index remained in the red, the rising Dongfang Fortune was unable to turn positive as it did in the morning.
"The trading volume is too small. It looks like it will continue to fall." Gu Junhao sighed. How could institutions push up the price if they didn't wash out the retail investors who were chasing high prices?
Since a small increase in the stock price will keep it in the red and cannot wash out retail investors, the only option is to smash it.
At 14:26, the ChiNext Index rose by 0.3%. Dongfang Fortune's stock price moved unusually. With a sell order of more than 8 million yuan, Dongfang Fortune's stock price plummeted.
The decline of Dongfang Wealth also widened from 0.29% to 1.08%, and the stock price fell below the intraday yellow moving average half an hour before the end of trading; it rose at the end of yesterday's trading and started to fall at the end of today's trading.
"Haha, it really came." Gu Junhao stared at the trading board and laughed. The trading volume of Dongfang Wealth was much higher than before, as it was falling rapidly.
It’s still the same old saying, no matter whether the routine is new or not, as long as it works.
After 14:30, Dongfang Wealth fluctuated downward, and the intraday trend became increasingly ugly. At 14:50, Dongfang Wealth reported a new intraday low of 13.67 yuan.
As time has entered the final stage of the trading day, and the three major indexes are still in the red, Dongfang Wealth has also received a small amount of bargain-hunting funds.
With the continuous entry of bargain-hunting funds in the late trading session, Dongfang Wealth closed at 13.72 yuan at 14:57, down 1.29%; then, the two markets entered the three-minute call auction phase in the late trading session.
At 15:00, the A-share market closed. After experiencing weak fluctuations at low levels in the morning, the Shanghai and Shenzhen stock markets fluctuated upward in the afternoon under the leadership of some heavyweight stocks, achieving a successful start to the week.
After approaching a high of 2340 points during the day, the Shanghai Composite Index fell back to 2339.14 points at the end of trading, up 0.31%. The ChiNext Index closed at 1526.14 points, up 0.13%.
Dongfang Wealth, which attracted Gu Junhao's most attention today, released a large amount of shares in the closing call auction, with a transaction volume of 16,256 lots and 22 million yuan of market-smashing funds. Dongfang Wealth closed at 13.57 yuan.
Dongfang Wealth, with a daily turnover of 506 million yuan, saw its share price fall 2.37%, hitting its lowest point of the day and falling below the ten-day line again.
As for the bottom-fishing funds in the last 10 minutes of trading, all of them were trapped by the closing stage.
Dongfang Fortune's stock price broke down in the closing session, which made Gu Junhao smile even more happily; although Junshi No. 1 suffered a considerable loss today, among the holdings, Yinzhijie fell 3.06% and Dongfang Fortune fell 2.37%.
The only Junshi No. 1 stock that turned green today was Xibu Securities. Thanks to the reactions of the three major financial institutions in the afternoon, Xibu Securities barely closed in the green at the end of today's trading, at 12.23 yuan, up 0.41%.
However, this 0.5 percentage point increase is of no use to Junshi No. 1, whose two major holdings fell sharply. After rising twice this week, Junshi No. 1 responded to the market with a decline.
"Okay, it's time to get off work. Go back in the morning and continue tomorrow." Gu Junhao said to the three people with a smile on his face, and he seemed to be in a very good mood.
Gu Junhao did not even plan to hold a post-market review meeting, as he was not affected at all by the fund's pullback after the rise.
The boss's behavior also made the three of them seem a little surprised. At this moment, even someone like Xu Jianqing, who was a little slow to react, noticed that the boss seemed a little abnormal recently.
"What's going on? You're so happy even though the stock price has fallen so badly?" Xu Jianqing asked Wang Ruoyu and Liu Tingting as he watched Gu Junhao walk out of the trading room.
"Then you can only ask the boss himself." Wang Ruoyu shrugged, then ignored Xu Jianqing, cleaned up his table and prepared to go home.
The same was true for Liu Tingting. Seeing that no one responded, Xu Jianqing could only pack up his things in dejection.
"But I don't want to go back yet." Instead of going home and playing games alone, it is more pleasant to chat in the trading room.
"The boss is right, you should find a girlfriend, otherwise you will go crazy at work and won't even want to leave early." Liu Tingting laughed.
…
September 16. Tuesday.
The three major indexes were affected by the rise of big financial stocks yesterday afternoon. In addition, foreign markets performed well overnight. Both the Shanghai and Shenzhen stock markets opened higher. The Shanghai Composite Index opened higher at 2341.03 points, and the ChiNext Index opened at 1527.06 points.
The Shanghai Composite Index is only 2.56 points away from its high of 2343.59 points. The opening performance of the two markets boosted the market.
"Fuck, this is going to continue to set new highs. Is the adjustment over?"
"Awesome! It was washed out yesterday morning. It looks like the index will hit a new high today."
"I was also washed out yesterday, but I bought in again when the index stood above the five-day line in the afternoon."
"Huh? Tong Huashun's stock is still opening low today? This stock is useless."
"No need to look, the head and shoulders top is confirmed. I bought a new stock yesterday and it opened three points higher this morning. Great, haha."
"Brother Cao, what did you buy yesterday? I see you didn't say anything yesterday, so tell us about it."
"I didn't buy anything. I was too busy trading yesterday, Monday. The market fell again this morning. I didn't dare to place an order at noon, and it was too late in the afternoon."
In the Soha group, everyone was chatting enthusiastically. The technical school, the trend school, the board-hitting school, and all kinds of analysis were carried out, and they all firmly believed in the breakthrough of the market.
There are many retail investors who have the same idea as the Soha group. The market continued to rebound, and after adjusting for three trading days last week, it took two days to regain the five-day line.
Today's gap-up opening made countless people believe that the bull market has really arrived; thanks to the experts' advice yesterday, money can't buy the bull market back.
Different from the vigorous reaction of ordinary investors, the trading room of Junshi Capital seemed a bit quiet. The performance of the four holdings today varied, with Xibu Securities and Wan'an Technology opening flat.
Dongfang Wealth opened higher following the ChiNext Index, at 13.73 yuan, which was slightly higher than the 13.72 yuan in yesterday's closing auction.
As for Yinzhijie, it opened at a low price of 24.50 yuan today, down 0.69%.
At 9:30, driven by sentiment, the Shanghai Composite Index surged to 2347.94 points, setting a new high, and then quickly fell back to around 2339 points.
The ChiNext Index began to fall after rising by only 2 points; at this time, the time was only 9:32.
Yinzhijie opened low and continued to fall. As soon as it entered the formal trading stage, its stock price fell rapidly like yesterday. At 9:32, Yinzhijie's stock price was 24.02 yuan, down 2.63%.
"Yin Zhijie, sell some depending on the situation and buy them back at the end of the trading day." Dongfang Wealth was in the rising stage, and Gu Junhao could not take care of him at the moment.
Judging from the trend of Yinzhijie today, it seems that the decline is even more severe than yesterday. There is a high probability that the 3% decline cannot be stopped. The faster the rise is, the more severe the correction will be.
Tong Huashun has the same trend as Yin Zhijie. Like Yin Zhijie, Tong Huashun opened low and closed low in the morning. After five consecutive trading days of decline, the decline rapidly expanded in today's morning trading.
The growth value of the automobile manufacturing industry fell by 4.3 percentage points year-on-year in August. Among them, the production of passenger cars increased by only 0.7%, a sharp drop of 6.1%, which was affected by this negative impact.
Today, the automobile sector began to fall against the market trend in the early trading. At the beginning of the morning trading, the power of Zongshen fell by 5%, leading the decline of the entire sector. 12 stocks in the sector fell by more than 3%, and the performance was extremely bleak.
Wan'an Technology was also affected by this, with poor performance after the opening and its stock price quickly starting to decline. Xibu Securities, which was affected by the sector yesterday, also performed poorly today.
For Gu Junhao, today's Junshi No. 1 had a bad start.
While the index remained in the green, Yinzhijie showed a sharp decline from the opening.
Although Dongfang Wealth is currently rising, judging from the trading quotes, funds are flowing out in the early trading session.
Dongfang Wealth's high opening in the early trading session was unexpected, but also reasonable.
Dongfang Wealth, which saw a sharp drop in yesterday's closing call auction, should, according to conventional thinking, open with a gap down today.
However, from the perspective of emotional thinking, today's high opening is more in line with common sense. Only in the case of a high opening can the sneak attack funds at the end of yesterday's trading be washed out.
The opening price is 13.73 yuan, allowing the sneak attack funds to make a small profit or recover the investment. Will you leave or not?
Once the stock opens with a gap and falls, these funds will be trapped. At this time, they will not panic and will not sell. Some bold ones even dare to increase their positions and do T. This naturally does not conform to the idea of the main funds to absorb funds again.
At 9:40, Dongfang Wealth reported 13.97 yuan, up 2.95%. The ChiNext Index, which had been declining unilaterally in the morning, had turned green at this time.
In the first two trading days of this week, Dongfang Wealth seemed to have taken over the position of the rebel from Yinzhijie Index; however, this was ultimately just Gu Junhao's guess.
As Dongfang Fortune's stock price did not break 14 yuan, it began to move slowly downward like the index. Judging from the trading volume, Dongfang Fortune's trading volume at this stage was significantly larger than the same period yesterday.
At 10 o'clock, after half an hour of volatility in the morning, Dongfang Wealth reported 13.73 yuan, returning to the opening price. In half an hour, Dongfang Wealth's transaction volume was close to 70 million yuan.
In terms of indexes, the Shanghai Composite Index continued to fluctuate around 2339 points, while the ChiNext Index fluctuated between red and green.
Gu Junhao glanced at Yin Zhijie, which was quoted at 23.68 yuan, down 4.01%, and the half-hour trading volume was close to 20 million yuan.
"Don't sell it. Find a chance to buy it back." With such low trading volume, Gu Junhao made Xu Jianqing give up the idea of doing T. There was no need for it anymore.
If you want to hold a large position in this kind of low-trading-volume stock and enjoy its growth process, you must accept its intraday sharp decline.
After hearing the boss's voice, Xu Jianqing breathed a sigh of relief. He had tried his best to find a good price to sell it in the morning, but so far he had only managed to sell it for about 1.5 million yuan.
At this time, Yinzhijie had already fallen by 4%. Selling it further would be equivalent to cutting losses. For this reason, Xu Jianqing was under great psychological pressure.
The last time this kind of unilateral rapid decline in holdings occurred was when I was doing short-term operations in Fushun Special Steel. However, the holdings at that time were not large, so the psychological pressure was naturally much smaller.
"Luckily the boss called a halt in time." Xu Jianqing thought secretly, and then re-entered the transaction, trying to find an opportunity to take it back.
At 10:07, Dongfang Wealth, which had briefly risen to 13.85 yuan, began to decline again. Five minutes later, the stock price fell back to the opening price.
During the early trading session, the long and short forces of Dongfang Wealth repeatedly fought around the opening price, and the trading volume also increased step by step.
Ten minutes later, at 10:22, the battle between the bulls and bears over 13.73 yuan, in Gu Junhao's opinion, was decided at this moment. With nearly 10 million yuan of selling funds, Dongfang Wealth reported 13.58 yuan.
The stock price is close to the flat price. In the daily K-line trend, Dongfang Wealth presents a negative line with an upper shadow in real time, while the decline of the ChiNext Index, which had been declining unilaterally in the morning, has expanded to more than 0.5% at this time.
"It seems that this round of rebound has come to an end." Looking at the sluggish Shanghai Composite Index and the unilateral downward trend of the ChiNext Index, Gu Junhao said to the three people.
During the downward oscillation, the performance of the small and medium-sized board sector was particularly severe, and the speed of capital outflow obviously accelerated. Some stocks such as Tonghuashun and Yinzhijie, which had huge gains in the previous period, led the decline in the two markets.
With the accelerated decline of the ChiNext Index, although the Shanghai Composite Index still remained above the flat price, looking at the individual stocks in the two markets, there were more than 100 stocks with a decline of more than 2%.
Such performance of individual stocks also discouraged the bullish forces in the morning, and some investors who had already rushed in seemed extremely panicked at this moment.
"Selling losses, the market rebounded, re-entering the market to the top, please call me a stock market prophet."
"My 20,000 yuan determines the height of the market. I feel very honored."
At 10:48, the ChiNext Index was at 1503.55 points, down 1.48%, and Dongfang Wealth was at 13.46 yuan, down 0.81%; 13.46 yuan was only 2% away from Gu Junhao's expected price.
"It looks like there's a chance to get it back today, but it's a pity that Tong Huashun can't be traded." Gu Junhao thought secretly.
Tonghuashun fell below the 20-day line in the morning. At this moment, the stock price is 23.96 yuan, a sharp drop of 3.66%. In terms of trend, it is very close to breaking the big positive line on the day of the daily limit on August 22.
