Chapter 221 Weekend Benefits
From suspension to resumption, and then to today's late-session surge, Dongfang Wealth's performance this week seems somewhat unusual.
Although it experienced a sharp drop on Tuesday, it was thanks the pull-up in the late trading that Dongfang Wealth miraculously turned positive on the weekly chart with a weekly increase of 0.5%.
Another stock, Tonghuashun, which performed mediocrely in the last three days, was not as strong. With a weekly decline of 6.54%, Tonghuashun lagged slightly behind Yinzhijie.
Yinzhijie plunged 6.68% this week, but with the same sharp drop, Yinzhijie's performance is much better, not to mention that he also has potential benefits from asset restructuring.
There should be no major problems with the approval of Yinzhijie's restructuring. Nowadays, such acquisition plans are rarely rejected.
There is no problem with Yinzhijie's trend, but it is unknown when Tonghuashun's adjustment will last. During this period, Dongfang Wealth will also take advantage of the opportunity to regain its leading position in the sector.
It is time to announce the net value of funds again. The sharp drop on Tuesday caused both the Shanghai and Shenzhen stock markets to fall this week, with small and medium-sized start-up stocks being particularly hit hard, although there was a rebound in the following three trading days.
But relatively speaking, there are still only a few stocks that can rebound to the level before the big drop, and most stocks are in a weekly decline. Yinzhijie's weekly decline was even greater due to the suspension of trading.
Junshi No. 1's earnings this week were also greatly affected, but due to Dongfang Wealth's timely bottom-fishing and the rise in the last two trading days, Junshi No. 1's overall scale finally returned to more than 70 million yuan.
The overall scale of 72.3045 million has not changed much compared with last week. The net value of the fund has increased from 1.8054 to 1.8076 and is still in a growing state.
This rate of return also made his peers completely confused, and Wang Chao, the manager of Henghua No. 1 Fund, seemed very puzzled.
"Is there no operation in the full position of Dongfang Wealth? But it doesn't look like that." The net value curve of Junshi No. 1 Fund showed a very large pullback on Tuesday this week, and the scale once fell below 70 million yuan.
The increase in the next three trading days was also very large, returning to more than 70 million yuan and refreshing the net value curve again. It would be impossible without any operation.
I just bought 6,000 shares of Dongfang Wealth at the bottom, and I was still chasing the rise, which brought the profit of Henghua No. 1 to a new level. In fact, as of this week, the growth rate of Henghua No. 1 is higher than that of Junshi No. 1.
Wang Chao was completely confused by the rapid rebound but little increase in Junshi No. 1. However, one thing is certain, Gu Junhao must have reduced his holdings before the big drop.
Moreover, there was bottom-fishing behavior on the day of the big drop, otherwise it would not be enough to explain why the fund rebounded so quickly in the next three days. This is a profit of more than 3 million, which is nearly 5% of the total size of Junshi No. 1.
"I don't know which stocks he bought, but it is highly likely that he bought the bottom of Dongfang Wealth, and he did so before it was suspended," Shi Xin said to Wang Chao.
In two trading days, the increase in Dongfang Wealth basically corresponded to the overall increase in Junshi No. 1.
Thinking of this, Shi Xin couldn't help but admire Gu Junhao's decisiveness. He dared to buy at the bottom on the day of the big drop. Most people would not do such a thing. You have to know that Dongfang Wealth was in a state of breakdown at that time.
"Mr. Wang, do you think Mr. Gu has any inside information? Otherwise, how could he dare to buy at the bottom with that kind of trend?" Shi Xin said to Wang Chao.
"It's time to get off work, everyone has left, so don't call Mr. Wang." Wang Chao responded, and then said, "It shouldn't be inside information. You saw it at the last exchange meeting. Mr. Gu doesn't know many colleagues in the same field."
"Mr. Gu is really bold, and he's also lucky. The stock price soared after the resumption of trading." Shi Xin said with some envy.
"Luck actually favors strength. He dared to buy at the bottom on the day of the big drop, and then it rose sharply. It can only show that Mr. Gu judged the adjustment of the market very accurately, and dared to take action when the opportunity came."
However, what the two could never understand was why Junshi No. 1 clearly showed signs of bottom fishing, but the overall scale did not change much. Could it be that not many people bottomed out?
This is also unlikely. If you want to increase the price by more than 3 million yuan within three days , 10 million yuan of funds would require three daily limit increases. It is even more impossible with less funds. The position of Junshi No. 1 will not be very low.
The layman watches the excitement, while the expert watches the details. The net value of Junshi No. 1 also sparked heated discussions over the weekend. Ordinary retail investors felt that this was not a reflection of Gu Junhao's true level, especially with such a large pullback on Tuesday.
You know, Brother T has the habit of running away before a big drop, and he is quite sensitive to market changes. But anyway, the market closed positive for three consecutive days, and he finally got back some face.
Insiders can see the changes in positions from the curve of Junshi No. 1, as well as the difficulty of recovering the losses within three trading days.
Under the same position, it takes more than a simple 5% increase to recover a 5% loss. The retracement on Tuesday was so large, but it was still recovered. It can only be said that Junshi No. 1's position allocation is very reasonable.
"He's quite capable. With his position management ability, he's sure to be the No. 1 this year."
Only after the tide recedes can we know who is swimming naked. The fact that the fund's net value was recovered quickly in three days after a sharp drop is enough to show that Gu Junhao's ability is not just about all-in as imagined.
This weekend, investors were not only discussing the performance of Junshi No. 1 after the sharp drop. In the past two days, there was constant market news, which was enough to arouse heated discussions among investors.
First of all, the trading data in August showed that the A-share trading activity continued to pick up in August, with the monthly turnover rate rising by nearly 14% month-on-month. The rebound in trading volume has undoubtedly greatly stimulated the brokerage business.
The China Securities Regulatory Commission also recently issued a document to cancel two external requirements for securities firms' IPO listings, encouraging qualified securities firms to go public through IPOs, and as IPO projects are issued one after another.
Whether from the policy perspective, or the performance brought by active trading and IPOs, the explosion of the securities sector has the three major factors of right time, right place, and right people.
The approaching Shanghai-Hong Kong Stock Connect will also bring substantial benefits to the sector, especially large securities firms. In addition to these, the Shanghai Stock Exchange and the Shenzhen Stock Exchange also recently announced the expansion of the scope of stocks eligible for margin trading, with the Shanghai Stock Exchange expanding it to 500 and the Shenzhen Stock Exchange expanding it to 400.
In August, the market financing purchase amount was 731 billion yuan, accounting for 12% of the total A-share trading volume. In addition to becoming a driving force for active market transactions, it also brought considerable profits to securities companies.
A series of news made the securities sector the focus of the weekend. When Gu Junhao was browsing these news, he couldn't help but sigh: "Xibu Securities has finally made it."
It has been nearly four months since the position was established, and the increase in Xibu Securities is less than 20%, the smallest among the four holdings. Without the boost of these news, there will still not be much change.
However, judging from the trend in the last three days , Xibu Securities has regained its position above the 12 yuan price level, and its trend is much stronger than the index. It is not difficult to see that some securities seem to have received advance notice of the data and news.
Another piece of news is related to Gu Junhao. The China Securities Regulatory Commission made specific explanations on the private investment fund supervision measures issued last month, prohibiting the disclosure of undisclosed information obtained by taking advantage of one's position.
It also prohibits private equity fund managers from treating different funds unfairly.
CSRC: It is prohibited to use the property or position of private equity funds to seek benefits. In addition, it will regulate the practice of accounting firms and appraisal institutions. Severely crack down on illegal and irregular behaviors.
"It should be in response to the recent incident involving Mr. Xu, right?" Gu Junhao pondered. Supervision is bound to become increasingly strict, and there may be a chance for some practitioners to return to the right path at this time.
If we wait until the stock market crash comes and need to kill a chicken to scare the monkeys, it will be too late. However, Gu Junhao has nothing to worry about. He has always been strict with himself.
The only other issue is unfair treatment of different funds, which does not exist at all. Currently, there is only one fund under Junshi No. 1.
The routine press conference at the weekend was still full of content. Looking back on the content, Gu Junhao felt that he had gained a lot; at least two messages were made clear. The first was that supervision was becoming stricter, which required him to remain vigilant at all times.
The second is that financing funds are entering the market on a large scale. If nothing unexpected happens, the bull market in 2015 driven by this series of funds will not change.
And when the news came on Sunday night, Gu Junhao finally understood why the Internet finance sector and Dongfang Wealth had unusual movements at the end of trading on Friday.
News came out at the Internet Finance Innovation and Cooperation Summit held on the 20th that the guiding opinions formulated by the central bank on promoting the healthy development of Internet finance have completed policy formulation!
It is not difficult to see from the current attitude that the central bank has a clear supportive attitude towards the current Internet finance industry.
"So that's how it is." The confirmation of the news also made Gu Junhao suddenly realize.
But there is no way, some funds have such advantages, the market is like this, if you want to survive in such a market, you can only choose to accept it passively.
The news is delayed, but the inflow and outflow of funds will never lie.
In later generations, people often talk about Internet finance with horror, but at present, it is indeed a good thing. At least it helps some stocks to have very beautiful trends.
The current Dongfang Wealth is also benefiting from this sector, and Gu Junhao has also made a lot of profit from it. Everything has its two sides and cannot be generalized.
The same is true for Tong Huashun. As far as the entire sector is concerned, these two are considered the most authentic. Yin Zhijie can also be considered in this hot series in a sense.
While sorting out the news over the weekend, Gu Junhao seemed a little excited; this series of news over the weekend were all real good news, and the stock price performance of Dongfang Wealth and Xibu Securities also proved the same.
A series of favorable factors also made Gu Junhao look forward to the market performance next Monday. With such beautiful expectations, Gu Junhao fell asleep peacefully.
