Chapter 219 Both of them received red
Dongfang Wealth, which was suspended for only one trading day, resumed trading on Thursday, allowing Gu Junhao to manage his positions more easily.
However, for Wang Chao, it seemed a little unhappy; just one trading day was not enough to determine the specific holdings of Junshi No. 1.
"Oh, God really helped him, it was only suspended for one day." Wang Chao looked at Dongfang Wealth's resumption of trading announcement and said helplessly.
"It's a good opportunity. The position is not high, we can increase our holdings." Shi Xin still wanted to encourage Wang Chao to increase his holdings in Dongfang Wealth as always.
The current position of Dongfang Wealth is indeed not very high. The stock price of Dongfang Wealth can be judged based on the trend of Tonghuashun, a stock of the same type.
Dongfang Wealth's performance far surpasses Tonghuashun. No matter how you look at it, it can reach the same rights-filling position as Tonghuashun, which is around 19 yuan.
The current share price is 13.03 yuan. Based on the expected price of 19 yuan, Dongfang Wealth still has nearly 50% growth to go. It can be said that Tuesday's sharp drop is a great opportunity.
As for the fund rankings my brother-in-law mentioned, if we increase our positions to the maximum limit and make enough profits from this wave, we may have a chance to compete with Junshi No. 1.
The latest analysis made Wang Chao seem a little silent. If the stock price reached expectations, Henghua No. 1 held a large amount of Dongfang Wealth, so there might be opportunities.
After much hesitation, Wang Chao decided to adopt Shi Xin's suggestion and follow Gu Junhao. No matter what, even if he could not defeat Junshi No. 1 in the end, he could make Henghua No. 1's performance even better.
Of course, all this is based on the premise that Dong Fang’s wealth gains meet expectations.
"Alas, I can't resist the temptation to follow the trend after all." Wang Chao said helplessly.
"It's fun to follow the trend for a while, it's always fun to follow the trend." Seeing that his brother-in-law adopted his suggestion, Shi Xin also said with a smile.
"What the hell is going on? It's such a mess." Wang Chao cursed with a smile. After letting go of his worries, Wang Chao felt that this sentence was not without reason.
"Um, last time I was chatting with Mr. Gu, he mentioned it unintentionally."
At 9:25, the call auction ended and both the Shanghai and Shenzhen stock markets opened slightly lower, with the Shanghai Composite Index at 2303.85 points and the ChiNext Index at 1477.31 points.
"Tomorrow is the stock index settlement day, and today is Thursday. It is crucial whether the market can survive today."
Inside the trading room of Junshi Capital, Gu Junhao looked at the Shanghai and Shenzhen stock markets which both opened lower and said, "Yinzhijie was suspended today."
When Dongfang Wealth resumed trading, Wang Ruoyu had to face Xu Jianqing's ruthless response: "Look at your mean face yesterday. You were so arrogant after only one day of suspension."
“Didn’t your stock just suspend trading today? Maybe it will resume trading tomorrow.” Wang Ruoyu said somewhat unconvinced.
"Have you ever seen a company that was undergoing asset restructuring suspend trading for only one day?"
"Uh, okay, okay, you win."
The bickering between the two continued until the end of the call auction, and the trading room was filled with a joyful atmosphere.
Compared with the index, Dongfang Fortune performed very well at the opening today. Dongfang Fortune opened at 13.40 yuan, up 2.84%.
During the call auction, Dongfang Wealth's trading volume also increased significantly, with a total of 7,255 lots traded, close to 10 million yuan in trading volume.
Dongfang Fortune, which opened high, once again stabilized its 20-day line position, and the stock price was only 0.17 yuan away from the five-day line.
The five-day line price of Dongfang Fortune, which had been falling for several consecutive days, also moved down to 13.57 yuan, which was exactly the flat price on the day of suspension.
…
"It opened so high? Today's trend is a bit weird." In the trading room of Henghua Fund, Wang Chao looked at the Dongfang Wealth time-sharing chart with some surprise.
Compared with the period before the suspension, Dongfang Wealth's performance was obviously more active at the opening today, and the sentiment in the call auction was very good.
"It should not be a compensatory rally. The adjustment is most likely over." Shi Xin said.
Yesterday, both markets rose overall, but Dongfang Fortune was suspended. According to market inertia, if Dongfang Fortune had not been suspended yesterday, it would have most likely closed with a small positive line.
If the index rises during the suspension period, there will be a demand for the stock price to rise again when it resumes trading. This is a market rule, but it also depends on the length of the suspension.
If the suspension time is too long, the locked-up funds will choose to flee at any cost, and a stampede is possible after the resumption of trading.
Then, Shi Xin said to Wang Chao: "Buy it, what are you waiting for, Mr. Wang."
"Wait a little longer, wait for a pullback." Wang Chao said. In Wang Chao's opinion, both markets opened low today, and Dongfang Wealth was suspended. A pullback after a high opening is very necessary.
Wang Chao tends to be cautious by nature, and it is precisely because of this prudence that he has been able to raise the net value of Henghua No. 1 Fund to over 1.5.
Only by taking a steady approach and reducing the drawdown rate can you maximize your profits.
At 9:30, official trading began. Dongfang Fortune, which opened high, continued its independent trend, quickly rising to the five-day line price of 13.57 yuan, and then began to fluctuate downward.
"What a huge volume." Gu Junhao smiled while staring at the trading board. Just two minutes after the opening, large purple orders kept flashing on the Dongfang Wealth trading board, and trading seemed particularly active.
From 9:30 to 9:32, within two minutes, Dongfang Wealth's transaction volume exceeded 40 million yuan. Among the 40 million yuan transaction volume, a large amount of funds flowed out.
At 9:33, Dongfang Wealth reported 13.44 yuan, showing obvious signs of decline. Wang Chao looked at the time-sharing chart and said to the trader with a smile: "Wait a little longer, be prepared but don't rush."
Shi Xin is just Wang Chao's assistant and is not responsible for specific transactions. Before the market opens, he can express his opinions without scruples because of his relationship with Wang Chao, but once the market opens, Shi Xin dares not disturb Wang Chao.
Fund managers have their own authority over the buying and selling of stocks; Shi Xin does not dare to challenge this authority.
The stock price of Dongfang Fortune changes rapidly and appears to be particularly active. It was priced at 13.45 yuan just now, and after a few dozen seconds, Dongfang Fortune returned to the opening price of 13.40 yuan.
At 9:34, Dongfang Fortune reported 13.35 yuan. Buy orders of all sizes kept flashing in the trading market, ranging from a dozen lots to four or five thousand lots. It was very active. The entry of a large number of buy orders also kept the share price of Dongfang Fortune between 13.36 yuan and 13.40 yuan.
It seemed like a long time, but in fact it was only one minute; at 9:35, Dongfang Fortune rose again to 13.45 yuan.
"It's very strong. It seems that today's adjustment is basically over." Gu Junhao was a little surprised at the strength of Dongfang Wealth. In comparison, the Shanghai and Shenzhen indices were still fluctuating in the green.
After rising in the morning and falling back to now, the capital flow of Dongfang Wealth today has changed from outflow to inflow. This is also the reason why Gu Junhao judged that the adjustment of Dongfang Wealth today seems to have ended.
At 9:36, the share price of Dongfang Fortune fell from 13.47 yuan to 13.38 yuan. This was the third time that the share price fell during the day. At this moment, selling orders were extremely scarce, and the trading volume dropped significantly compared with the previous six minutes.
"Start buying, quickly. Buy as much as you can." Wang Chao ordered at this time. Wang Chao, who has been in A-shares for a long time, can naturally see that Dongfang Wealth's short-selling power in the morning has weakened.
Unfortunately, while enjoying the low prices, one also has to endure the problems of reduced trading volume and difficulty in buying; this is true for everything.
"It's too strong. Only a few minutes have passed and the downward volume is already insufficient." Shi Xin said with some surprise. He was also staring at the trend of Dongfang Wealth. In the third wave of correction, the transaction volume of Dongfang Wealth had shrunk by nearly two-thirds.
"Yeah, it's a bit too strong. Maybe there's some news that we don't know about." Wang Chao sighed. At the same time, he couldn't help thinking secretly in his heart that it would be better to buy directly at the opening.
At least there is no need to worry about not being able to buy enough chips. Wang Chao discussed with Shi Xin in the morning and expected to buy about 15 million chips of Dongfang Wealth. However, the total transaction volume of Dongfang Wealth during this period of time has remained at around 8 million yuan.
"I hope he can adjust for a few more minutes, so that I can collect enough chips at a low price." Wang Chao couldn't help but hope.
"It's almost there. The trading volume is sluggish and the price has not broken the previous low. It has accelerated today." Gu Junhao said in the trading room of Junshi Capital.
As soon as he finished speaking, two buy orders of more than 5,000 lots pushed the share price of Dongfang Fortune up to 13.40 yuan again. One minute later, Dongfang Fortune returned to above the yellow moving average of the day, closing at 13.47 yuan, with a share price increase of 3.38%.
The ChiNext Index maintained a decline of around 0.3%. At 9:42, Dongfang Wealth's volume shrank drastically, with only 2.03 million yuan traded in one minute, and the stock price remained at 13.47 yuan.
"Let's set the price at 13.60 yuan, and invest all the remaining funds in installments." Wang Hao said helplessly. It was impossible to buy chips worth 15 million yuan below the opening price.
However, what Wang Chao did not expect was that the share price of Dongfang Wealth changed instantly as soon as he finished speaking; perhaps the big funds that had the same idea as Wang Chao also noticed the strength of Dongfang Wealth today.
The emergence of large buy orders pushed the share price of Dongfang Fortune to 13.68 yuan. Two minutes later, a straight line rose on the time-sharing chart. At 9:45, Dongfang Fortune reported 13.94 yuan, and the share price rose by 6.98%.
“Fuck, do you have to be so cruel?” Shi Xin couldn’t help but swear as he watched Dongfang Wealth’s stock price increase again, while Wang Chao’s face was filled with helplessness, as he made one wrong move and then another.
"Forget it, let's cancel the order. That's it for today. How much did you buy?" Wang Chao asked the trading team leader.
"4,000 lots, costing 5.38 million yuan." The trading team leader replied.
"Okay, that's it for today. There's no need to buy anymore. You've done a great job." What Wang Chao said was not wrong, but it was not entirely consolation.
Even when Dongfang Wealth's volume was extremely reduced, it was still able to buy 4,000 chips. The trading team of Henghua No. 1 was still very excellent, and the adjustment time was really too short.
"It's okay. Together with the previous 2,000 hands, you have 6,000 chips, which is not a small amount." Shi Xin felt a little regretful, but also comforted Wang Chao.
The person who is most regrettable today is Shi Xin. If he had followed Shi Xin's plan, he should have started buying at the call auction. As for the downward shock adjustment, it is better to buy more as the price drops. There is no need to wait at all.
"Brother-in-law is still a little too cautious. With such an obvious trend, there is no need to care about the cost line." However, Shi Xin naturally did not dare to say this out loud.
"Yeah, 6,000 lots is not a small number. If it reaches the expectation, we can make a lot of money." Wang Chao said with a wry smile.
Wang Chao knew very well in his heart that today's operation plan was not successful enough and he was responsible for it. If he had bought in the call auction or at the opening, the current situation would not have occurred .
As for Dongfang Wealth, whose increase was close to 7%, it was impossible for Wang Chao to chase high prices. After falling for many consecutive days, Dongfang Wealth also needed to rush up to release the trapped shares above, and it was impossible for him to be the one to take over.
"Hey, it rebounded." Compared with Wang Chao's helplessness, Gu Junhao seemed much more relaxed. At this moment, he pointed at the ChiNext Index and said to his three subordinates in the trading room with a smile.
The unusual rise of Dongfang Wealth also boosted the entire Internet finance sector. Tonghuashun also rose slightly during this period, and the ChiNext Index, led by Dongfang Wealth, quickly rose to a flat point.
The 15-minute volatility in the morning and Dongfang Wealth's several large-scale increases and small-volume pullbacks made the trading volume reach 150 million, especially from 9:40 to 9:45.
The 15-minute stock price trend is the decline in the previous few trading days before the closing. After the review, Dongfang Wealth appears to be extremely strong, and it seems that it is determined to carry out the short squeeze to the end.
However, Dongfang Fortune has experienced a deep correction after all. Affected by the suppression of the 10-day line and the eagerness of the trapped shares above to escape, Dongfang Fortune's stock price reached a high of 13.98 yuan at 9:54 after a wave of decline.
After the stock price reached 13.98 yuan, Dongfang Fortune obviously felt the pressure and began to fall slowly, while the ChiNext Index had risen to 1485.31 points, up 0.42%.
The amplitude of more than 0.7% in the early trading session, although it has dropped significantly compared with yesterday, is still not very small, and the same is true for the Shanghai Composite Index; it is like this on the way up.
Judging from today's trend, the Shanghai and Shenzhen stock markets should not be too bad today after experiencing Black Tuesday; however, wide fluctuations are still inevitable.
At 10:15, the ChiNext Index closed at 1491.49 points, up 0.84%. The index did not choose to attack the 1500 point mark, but slowly adjusted downward in an attempt to digest the trapped positions above.
Dongfang Wealth also maintained adjustments near the intraday yellow moving average during this period, with the stock price ranging from 13.70 yuan to 13.80 yuan. Compared with the high of 13.98 yuan, the decline was not large.
Gu Junhao seemed quite satisfied with this kind of rise and fall as well as the adjustment with reduced volume. After all, since the sharp drop of Dongfang Fortune on September 11, there are still a lot of trapped shares at this position.
The stock price hitting the daily limit is certainly gratifying, but for medium and long-term funds, after digesting the locked-in shares, the long-term stable rise is far better than the short-term limit.
After a trend stock hits the daily limit, it means that a large number of profit-taking orders will seek to lock in profits, resulting in large fluctuations in stock prices.
A slow rise along the moving average is far more stable than a daily limit; this is what the saying “slow is fast, fast is slow” means.
The market with shock adjustments is far less exciting than it seemed in the morning. At this time, Yinzhijie was suspended and Dongfang Wealth was adjusted; the performance of the other two holdings remained the same.
Xibu Securities is as stable as ever. It is worth mentioning that Wan'an Technology's trading volume has shrunk significantly today, although its average daily trading volume of about 30 million yuan was not large before.
At 10:30 am today, the total transaction volume of Wan'an Technology was only about 7 million yuan, and the stock price remained at around 12.70 yuan. This is the second consecutive day that the volume has shrunk significantly.
With the continuous volume shrinking to the extreme, Wan'an Technology seems to have a trend of reversal; however, Gu Junhao is not very interested in buying back Wan'an Technology.
First of all, compared with the selling price of that day, the current price does not have much advantage, and the trading volume is so low that there is no need to buy it back.
For Gu Junhao today, he will not consider stocks whose trading volume does not exceed 100 million.
At the midday close, Dongfang Wealth closed at 13.75 yuan, up 5.53%; the Shanghai Composite Index closed at 2317.49 points, up 0.42%; the ChiNext Index also closed at 1488.38 points, up 0.63%.
The majority of stocks in the Shanghai and Shenzhen stock markets were in the green. The trend on Thursday morning was quite good. The main market force cleaned up the market by dumping the stocks in advance on Tuesday, and the market continued to fluctuate in a wide range on Thursday.
Such a trend makes ordinary investors who have been washed out feel at a loss. On the one hand, they are worried that the market will crash in the afternoon like on Tuesday, and on the other hand, they want to enter the market to buy at the bottom.
Two conflicting psychological issues torment investors.
Due to the bottom-fishing on the day of the big drop and the sharp rise of Dongfang Wealth today, by the midday closing, the market value of Dongfang Wealth had returned to above 20 million yuan, reaching 23.65 million yuan.
Compared with the suspended Yinzhijie, the difference between the two is less than 2.5 million yuan. Judging from the strength of Dongfang Wealth today, it is no problem to surpass him and become the largest holding before Yinzhijie resumes trading.
Dongfang Wealth recovered the losses of four trading days in half a day, and it seems that it has regained its momentum as the leader in Internet finance. Although the increase today is large, Gu Junhao feels that this is just the beginning.
It is impossible for large funds in the market to spend so much energy just to get out of the predicament.
The surge in Dongfang Wealth also brought joy to Junshi No. 1 Trading Room. The suspension of Yinzhijie did not affect the fund in any way. The relaxed atmosphere made Xu Jianqing want to take a vacation.
"Oh, if I didn't know how long Yin Zhijie would stay, I would have wanted to go back to my hometown." Xu Jianqing sighed. He was a little regretful that he couldn't go home for the Mid-Autumn Festival as he was gradually maturing.
"As a rule of thumb, this kind of asset restructuring suspension lasts at least a week, which means it starts at a minimum of one week."
Yinzhijie's stock has been suspended since today, which means that trading will not resume until next Thursday at the earliest, and there is no certainty as to the latest date.
After thinking for a while, Gu Junhao continued, "Well, if you want to go back, you can; but you must be at work by next Thursday morning at the latest."
It takes six days in total. Excluding the round trip, you can also stay at home for a few days. This is a rare opportunity for migrant workers who are far away from home.
"Ah? Is it okay?" Xu Jianqing looked at Gu Junhao with some surprise. Originally, he was just expressing his feelings. Although he missed home, he had no intention of going home.
However, after the boss made this calculation, Xu Jianqing really wanted to go back; six days was more than enough for a short vacation.
"Of course, but the basic salary will still be deducted during the leave period." Gu Junhao said.
"Of course, that's the rule. But I'll be very happy if the boss approves my leave. I'll take leave starting tomorrow and report to work on Thursday." Xu Jianqing said nonchalantly.
"You are quite strict with the time." Liu Tingting interrupted with a smile.
"Of course we should. This is a rare opportunity, and we must make full use of it."
"Yes, it's okay. Be careful on the road." Gu Junhao continued, "You two don't have to envy him. If there is such an opportunity in the future, I will grant you leave. Of course, your salary will still be deducted."
At this moment, Wang Ruoyu was very envious of Xu Jianqing. Dongfang Fortune once had such an opportunity in front of him, but he lost it today.
In the afternoon, trading continued, and the Shanghai and Shenzhen stock markets continued the morning's rebound. At 13:14, the ChiNext Index rose by nearly 0.9%, setting a new intraday high, but it never tested the 1500 point mark.
Subsequently, the two markets continued the wide range of fluctuations in the morning, and the indexes slowly fell back from high levels. In comparison, today's ChiNext Index was much stronger than the Shanghai Composite Index.
The Shanghai Composite Index showed signs of turning green again in the afternoon, but the ChiNext Index only fell back to around 1,483 points at its lowest, maintaining an increase of more than 0.2%.
Dongfang Fortune performed generally in the afternoon. At 1:30 p.m., with the pullback of the ChiNext Index, Dongfang Fortune fell below the intraday average price, with its share price reaching 13.74 yuan, and then gradually fell to around 13.60 yuan.
13.60 yuan was the starting price of the abnormal rise in the morning. When it fell back to this price, Shi Xin seemed a little excited in the Henghua Fund trading room.
Dongfang Wealth had been fluctuating at a high level in the morning. Although Shi Xin felt that the price was not high, he also agreed with his brother-in-law's operating thinking that chasing highs during the day was not advisable.
Stock trading is not a one-day thing; there is no need to chase high prices during the day.
When the stock price fell back to 13.60 yuan in the afternoon, Shi Xin looked at Wang Chao with slightly excited eyes. Wang Chao certainly knew what he was thinking, but still rejected him.
As for the reason, Wang Chao did not say it, nor did he need to explain it to Shi Xin. In Wang Chao's opinion, he made a mistake in judgment in the morning, which led to one step slower and then another, and thus he did not collect enough chips.
From the perspective of trading principles, after making a mistake today, it is no longer appropriate to continue trading. This is why Wang Chao did not issue any more instructions and let the leader of the trading team do T on his own.
Everyone makes mistakes in stock trading, which is understandable and nothing to be ashamed of. Wang Chao’s trading principle is to stop intraday trading immediately after making a mistake.
It is easy to change your mentality after making a mistake. If you continue to trade, it will be fine if you do it right, but if you do it wrong it will easily lead to an unbalanced mentality. This is why Wang Chao is unwilling to continue buying.
What's more, Dongfang Wealth's trend weakened in the afternoon, and the stock was not as active as in the morning. It remained below the daily moving average for a long time. In Wang Chao's opinion, it was not a good time to buy.
At 15:00, the two markets closed, and Dongfang Wealth closed at 13.72 yuan, standing above the daily average again, with an increase of 5.30% and a turnover of 658 million yuan.
Both the Shanghai and Shenzhen stock markets closed in the green, with the Shanghai Composite Index up 0.35% and the ChiNext Index up 0.79%, rebounding for the second consecutive trading day after a sharp drop. At the same time, the ChiNext Index also once again stood above the five-day line.
