Chapter 227 Return
On October 13, 2014, Gu Junhao returned to the company and came to the trading room.
From September 29th to now, for a total of 14 days, Gu Junhao has not had much contact with stocks. However, after a series of systematic sorting, Gu Junhao is still confident about the direction of the stock market.
"Overall, with high-volume and stagnant inflation, this month will be mainly characterized by adjustments," Gu Junhao concluded at the morning pre-market meeting.
However, judging from the recent trends, the Shanghai Composite Index is stronger than the ChiNext. This month, there should be more opportunities for Shanghai stocks. After all, most of the ChiNext stocks are already at relatively high positions.
"Boss, should we invest in some Shanghai stocks?" Xu Jianqing asked.
"You can pay attention to the new stock that was listed yesterday. The issue price was only 1.83 yuan." Gu Junhao thought for a moment and replied.
I don’t want to buy stocks that start with “Zhong” or “Mao 5” for the time being. For a moment, Gu Junhao doesn’t know how to select stocks, but there are still many opportunities in the newly listed stocks that have been in a continuous trend throughout the year.
The latest listed stock on the 9th of this month, Lanshi Heavy Equipment, had an issue price of only 1.83 yuan. With the continued high tide of new stocks, this kind of low-priced stock can easily go out of control. I just don't know when it will be delisted.
Although the hype of secondary new stocks has been analyzed by various media and research reports, and the specific logic behind the hype has been given, in fact, in Gu Junhao's view, the hype of secondary new stocks is illogical. It all depends on whether hot money and some institutions keen on short-term trading are interested in it.
If a stock rises four to five times, or even dozens of times within one or two months, there is no logic to this. It is nothing but blind hype. No matter how good a company is, it cannot be this good.
"Lanshi Heavy Equipment? Is there any logic behind it?" Xu Jianqing also had some impression of this stock. The issue price was quite cheap. After two days of listing, the stock price was only 2.66 yuan.
"There's no logic to it. It's just cheap enough. But I can't be sure when it will be released. If it doesn't open for several consecutive days, I will have to give up."
Then Gu Junhao said to Xu Jianqing: "This is a short-term target. This kind of new stock cannot be long-term. It depends on whether you, Xu Da, have the chance to invest in it."
In fact, it is not impossible to buy some stocks with Chinese characters in their prefixes, such as 5 cents and so on, at this moment. However, if the two markets adjust, these heavyweight stocks will definitely adjust accordingly. If you don’t have a plan to hold positions for a long time, it is better to avoid them.
However, it is different for newly listed stocks. The basic purpose of this type of stocks is to take advantage of the short-term gains, set stop-loss conditions, make a profit and run away.
"Okay, then I'll keep an eye on it and see if there's any chance." Xu Jianqing said.
"You can also look at the others. If there is an opportunity, get involved. If not, forget it. The main thing is to keep an eye on our own positions."
Short-term trading was not in Gu Junhao's plan, but as the current fund holdings are not high, it is necessary to use a small portion of funds to maintain his feel.
If you only focus on your own few holdings, it is easy to lose the sense of direction of the market. Not only Xu Jianqing, but Gu Junhao also asked Wang Ruoyu and Liu Tingting to pay appropriate attention to some short-term targets.
Whether to do it or not is one thing, but it is still necessary to understand the direction of funds in the entire market.
Every stock has its life cycle. After its cycle ends, it is a science to adapt to the current market and re-select stocks.
On Monday, the 13th, Gu Junhao returned to trading and still looked so calm.
The overseas markets plummeted over the weekend, and coupled with adjustments in the last two trading days of last week, both markets were low, and individual stocks performed relatively poorly. Gu Junhao was well prepared for this.
The ChiNext Index opened low and directly broke the five-day line trend. It is only about 10 points away from the ten-day line. In Gu Junhao's view, this round of adjustment should not stop at the 10-day line.
Today's low opening is most likely just the beginning of an adjustment, including the Shanghai Composite Index.
However, the rebound of the 10-day line can still be seized. Whether it is an index or a stock, when it first begins to adjust, its resistance will be relatively strong.
Only after falling for several consecutive trading days will it become difficult to recover.
Today, the ChiNext Index is so close to the ten-day line that a round of decline will soon arrive. It is also a good choice to grab a rebound near the ten-day line and do a T.
As for the targets, they are still those same targets, it just depends on who gives the opportunity; after some observation, Gu Junhao still chose Dongfang Wealth.
Dongfang Fortune opened at 14.86 yuan in the morning, down 1.21%, breaking the five-day line and the ten-day line. The adjustment range was the deepest among them. Secondly, Dongfang Fortune has the heaviest correlation with the ChiNext Index.
There is no doubt that when the ChiNext Index hit the bottom and sought resistance, the correlation effect of Dongfang Wealth was the heaviest.
The leader of the sector, with sufficient adjustment depth and support from below, and sufficient correlation and interaction with the index, is an excellent bargain-hunting target and a good choice even for short-term trading.
The significance of short-term trading is not only to hit the board, but also to make money . As long as you can make money, the target is not important.
"Ruoyu, keep an eye on Dongfang Wealth and see how it correlates with the index." Gu Junhao said to Wang Ruoyu.
The ChiNext Index opened significantly lower today, at -0.72%. Such a large opening low would naturally attract capital to flee if it were a bear market.
However, the stock market has performed well recently and sentiment has not completely cooled down. A low opening is not enough to scare away off-market funds.
At the beginning of the trading, the ChiNext Index performed relatively smoothly. After a slight decline, it continued to fluctuate around 1544 points. The share price of Dongfang Fortune also continued to fluctuate below 15 yuan, and the trading volume performed quite well.
Buy orders of over 2,000 lots also appeared from time to time, but the buy orders did not cause much change in the stock price.
"Wait a minute, don't be in a hurry. If it continues to be this kind of volatile pattern, then cancel the transaction today." Gu Junhao said to Wang Ruoyu while staring at the big screen .
"Okay." After Dongfang Wealth reduced its holdings to 8,000 lots, it never took them back. Starting from the day of the daily limit, this is the tenth trading day after the adjustment.
When it comes to patience, Gu Junhao really has it. He can wait patiently for ten trading days.
At 9:43, the ChiNext Index, which had been trading sideways, began to plunge sharply without any warning. The index quickly widened from a drop of 0.62% to a drop of 1.63% at 9:53, with the plunge exceeding 1% within ten minutes.
A number of stocks including Dongfang Caiding responded, with Dongfang Wealth's decline widening to 3% to 14.58 yuan, approaching the 20-day line.
At 10 o'clock, the ChiNext Index was at 1527.87 points, down 1.70%. It broke through the 10-day line during the day. The share price of Dongfang Fortune remained unchanged at 14.60 yuan.
"It's time to copy it. Let's try to catch the rebound and buy 3,000 lots." Gu Junhao said to Wang Ruoyu.
Gu Junhao was not very sure whether the market would rebound within the day. Buying at a high point and hoping for a rebound was like gambling, even though he knew that Dongfang Wealth would continue to rise in the end.
But at this time, Gu Junhao still didn't dare to hold all his positions. Just like the experts were optimistic about the stock market rising, the final rise had little to do with where it adjusted to.
During the adjustment process, wouldn’t it be a better thing to be able to collect more chips at a lower position?
At 10:02, Dongfang Wealth hit a low of 14.53 yuan, while the ChiNext Index also hit a low of 12,527.70 points; the index and individual stocks resonated and rebounded during the day.
Within eight minutes, Dongfang Fortune rebounded from the lowest point of 14.53 yuan to 14.80 yuan, and the decline narrowed from 3.51% to 1.60%; the ChiNext Index also recovered above the 10-day line again.
"It's okay, slightly stronger than the index. It depends on how high the index rebounds to." Gu Junhao is quite satisfied with the current trend.
This is what strong stocks do. They hit bottom before the index and will be stronger than the index when they rebound. While the ChiNext Index was still struggling on the 10-day line, Dongfang Wealth had already rebounded above the daily moving average.
At 10:30, the ChiNext Index failed to break its previous low for the second time. The index gradually stabilized and began to rebound during the day, moving slowly upward step by step.
At the midday close, the ChiNext Index was at 1537.85 points, with the decline narrowing to 1.05%, a rebound of nearly 0.7% compared to the low point.
Dongfang Wealth reported 14.88 yuan, down 1.06%, 0.02 yuan higher than the opening price. It was a false positive cross with a lower shadow line, which showed a relatively strong performance.
"Not bad, much better than the index. Let's see how it performs in the afternoon."
Although it still closed in a downward trend, Dongfang Wealth was much stronger than Yinzhijie. Yinzhijie adjusted drastically in the morning, with the lowest decline exceeding 5%, and still closed down 3.45% at noon.
Yinzhijie, which had only one daily limit after resuming trading, performed really averagely. Last Friday, Yinzhijie only had a transaction volume of more than 30 million yuan. Judging from the early trading today, the transaction volume is still not high.
"It's back to the state of shrinking volume again. I don't know how long it will take this time. Alas." Gu Junhao sighed.
Once the volume of such small-cap stocks shrinks, it is naturally difficult to start, especially when they are at a high level. It is impossible to find the right opportunity until the volume increases again.
The afternoon trend continued the rebound pattern of the morning, and the index slowly pulled up. Dongfang Wealth was the first to turn positive at 13:20, showing a very strong performance.
Five minutes later, the ChiNext Index was at 1544.26 points, down 0.64%, maintaining a weak rebound pattern.
At 14:30, Dongfang Wealth reported 15.22 yuan, up 1.2%. The index changed little, only moving up 1 point.
"It's still a little weak. It looks like today is an opportunity to flee high-priced stocks."
"Should we sell, boss?" Wang Ruoyu asked. With an average price of 14.60 yuan, we have made a profit of more than 4% since we bottomed out. For intraday T trading, this is a very good return.
"Don't sell yet. Wait a minute. Dongfang Wealth is still quite strong today. Let's see if the index will rise. If it does, it should rise further."
The rebound is not strong enough, but the trading volume remains high. It seems that some funds are taking advantage of the rebound to flee. However, Dongfang Wealth is unexpectedly strong today.
At 14:36, Dongfang Fortune saw unusual movements in the late trading session. The continuous emergence of around 4,000 buy orders pushed the stock price up step by step to a high position. At the close of trading, Dongfang Fortune reported 15.59 yuan, up 3.66% on the day.
The ChiNext Index closed at 1548.33 points, down 0.38%. The K-line showed a T-shaped false positive line. The Shanghai Composite Index also showed a T-shaped trend, but it was a T-shaped negative line.
In terms of trading volume, both markets maintained high levels, with the ChiNext trading at 40.58 billion yuan and the Shanghai Stock Exchange trading at 17.54 million yuan.
