Chapter 232: The helpless process of raising funds
Although this performance forecast has not passed the preliminary review of the accounting firm, in Gu Junhao's opinion, it is unfortunate for a company like Tonghuashun, which is in an upward stage, to announce its performance forecast so early.
This kind of behavior is unlikely to result in performance significantly lower than expected. For a company in the growth stage, no boss with a normal mind would do such an unkind behavior.
Only if the performance forecast exceeds expectations will it be accepted by the market. If it is significantly lower than the forecast or even a loss, such behavior is destined to be abandoned by the market.
Falsifying financial reports is a taboo in the entire market. This behavior will not only harm ordinary retail investors, but also prevent large funds from escaping in time.
Looking at the A-share market, every company that tampered with its financial reports ended up with a tragic exit .
"The quarterly report preview has been released. This week should be an opportunity to buy. It looks like I'll have to stay in the office this week." Gu Junhao stroked his chin and thought.
Although the A-share market is in the process of adjustment and Tonghuashun’s official performance report will not be announced until next weekend, Gu Junhao is not prepared to wait any longer and will start buying gradually next Monday.
As for Junshi No. 1's four holdings, since there has been no formal financial report pre-approval over the weekend, there should not be much change in the market.
Apart from explaining the trading operation plan to Xu Jianqing and the other two, everything else will have to wait until the financial report comes out.
The official financial report, whether good or bad, is a turning point for individual stocks. A good financial report does not necessarily lead to an increase in the stock price, and a bad financial report does not necessarily lead to a decrease in the stock price. How to grasp it depends on the attitude of big funds and the future expectations of the industry and the company.
Financial reports are just a thing of the past, while expectations are the basis of A-share speculation.
…
"You bought so many things?" In the evening, Gu Junhao, who had been sitting at home all day, saw Zhang Yiru coming home with large bags. She looked quite excited, which was the excitement a woman would have after spending money.
"Yes, the weather is getting colder. I'll buy you a few sets of clothes for you to try on." Zhang Yiru said a little excitedly. She hadn't had such a happy shopping experience in a long time.
It is now the end of September in the lunar calendar. After the last hot autumn weather, Ningbo city has begun to cool down slowly and entered a more comfortable climate.
However, there is a leap September this year, which means it is still relatively early to the Chinese New Year. According to the traditional lunar year, migrant workers can earn one more month's salary this year.
"There's one for me?" Gu Junhao said with some surprise.
"Of course you have one, go try it."
"All right……"
The clothes bought by a girlfriend have to be said to be good-looking. Besides, Zhang Yiru’s fashion sense is really good, and she can match some reasonable clothes for Gu Junhao.
When you are at home, happiness comes from the sky; Gu Junhao was very satisfied that he had picked up several sets of clothes for free, and went to cook happily.
Nothing happened that night; on October 21, a new week arrived. After arriving at the company in the morning, Gu Junhao first went to the trading room, informed the three people of this week's trading plan, and then left the trading room.
The trading plan is nothing more than what was said last week. Yin Zhijie will buy slowly, Dongfang Fortune will buy at a low price near 14.60 yuan and continue to increase its chips. As for Xibu Securities, everything will be discussed after the brokerage firm has adjusted back and Xibu Securities has filled the gap.
Seeing the boss walking away, the talkative Xu Jianqing said to Wang Ruoyu and Liu Tingting: "The boss is going to buy Tong Huashun at a bargain price."
Although Gu Junhao did not explicitly state why he would not participate in any specific transactions this week, the three of them could guess the reason. In the absence of any major events in the company, the boss was most likely going to buy Tong Huashun at a bargain price.
"Probably. Tong Huashun has been adjusting for so long, and the performance forecast has also come out." Wang Ruoyu nodded.
"The boss has caught up again." Xu Jianqing said with some envy.
"Don't think about it. We just need to earn our wages honestly and study at the same time. We will have a good future." Liu Tingting rolled her eyes at Xu Jianqing.
The three of them are unable to have their own trading accounts. Apart from career advancement, if they want to trade stocks privately, they have no choice but to resign.
"I haven't thought much about it. I was just thinking about when I can control a fund independently. That feeling will definitely be much more exciting than it is now." Xu Jianqing quickly denied.
People like Xu Jianqing have the gene of seeking excitement in their bones, and stock trading provides a stage for them to display their talents. Making money is secondary to Xu Jianqing.
What's more, his income is not bad now. He has bought a car and all he needs is a house. Junshi No. 1 has been performing so well, so if nothing unexpected happens, the year-end bonus will naturally be considerable.
It's not impossible to have some extravagant demands for a house; of course, if you want to buy a house in Ningbo with full payment, it will definitely not be enough, but as for the down payment, according to your own KPI, it should not be a problem.
"Okay, stop talking nonsense and start preparing according to the boss's instructions. Don't make any mistakes."
While the three were busy, Gu Junhao had already sat in front of the computer desk in the office, waiting for the transaction to come. Patting the chair, Gu Junhao smiled and said to Li Xinyu: "I don't think I have sat on this chair many times."
"That's right, boss, you've worked so hard. The fund's performance is all thanks to your hard work." Li Xinyu flattered him, but in fact he couldn't help but complain in his heart.
"It's all your own fault. With the net worth at this level, there's nothing to worry about. I just stay in the trading room every day."
Not only the VIP customer group is not worried about the drawdown of Junshi No. 1, but the entire company is even more so. After witnessing the miraculous performance of Junshi No. 1, the entire company has developed a blind confidence in Gu Junhao.
As long as the boss does not show any concern about the fund's performance, then no one will have any worries; invisibly, Gu Junhao, who has never been very concerned about the company's specific operations, has conquered all employees with the extraordinary returns of Junshi No. 1.
Although Gu Junhao's action of leaving the trading room this morning was unintentional, in everyone's opinion, the boss gave up the trade after the fund's net value fell for two consecutive times.
Such behavior is a complete manifestation of self-confidence.
At 9:25, the call auction ended and this week's trading kicked off. The Shanghai and Shenzhen stock markets continued to open low, but the performance of individual stocks was still good, and quite a few GEM stocks opened high.
Tong Huashun, which plunged last Friday and tested the 60-day line, opened 0.24 yuan higher this week and started the first day of trading at 22.75 yuan. The call auction transaction performance was sluggish.
Although Tonghuashun's trend last Friday looked like a large-scale decline, its trading volume was only 79.1 million yuan. This was only because Tonghuashun's trading volume shrank too severely on the previous trading day.
On October 16, Tonghuashun's transaction volume was only 39.29 million yuan, which has shrunk to a level similar to that of Wan'an Technology. It has fallen from a leading stock to such a level. I wonder what the high-level trapped investors are thinking.
Although it opened high today, Gu Junhao could imagine the difficulty if the trading volume could not increase. Based on last week's trading volume of 79 million, with the 9.53 million yuan in his hand, if he bought directly, he would not be able to say that it would reach the daily limit, but it should be no problem for him to pull a straight line of more than 3%.
After the trading officially started, just 50 sell orders pushed Tonghuashun's stock price from 22.75 yuan to the flat price of 22.51 yuan.
Gu Junhao was not moved by this. His task today was to buy without thinking. The more the price fell, the larger the trading volume, the better.
However, considering that these 50 lots can bring down the stock price by 1%, Tonghuashun's trading volume today will not be very high.
In order to speed up the buying plan, Gu Junhao had to choose the number of orders according to the market trend.
50 lots are not too many, 10 lots or 5 lots are not too few, as long as you can buy them, you win. This way of buying is really boring for large funds, but fortunately there is order placing software.
If the transactions were to be made one by one, Gu Junhao would definitely have to find someone to trade on his behalf.
The two markets performed differently today. Apart from the newly listed stocks, the hot spots were naturally among the stocks with outstanding recent performance reports. The concept sector of expected annual report increase performed well.
Tong Huashun is an exception. When the Shanghai and Shenzhen stock markets rebounded slightly, Tong Huashun fluctuated narrowly around the flat price throughout the day, and the amplitude of the whole day was only 2%.
The trading volume was particularly sluggish. Throughout the day, the Shanghai Composite Index rose 0.64% and the ChiNext Index rose 1.41%.
Tonghuashun only had a trading volume of 31.82 million yuan and finally closed at 22.65 yuan, forming a T-shaped trend. The trading volume of 31.82 million yuan is also the lowest for Tonghuashun since the ex-rights date.
With a transaction volume of more than 30 million yuan and a turnover rate of 1%, Gu Junhao naturally bought as many chips as he wanted. The process of collecting chips again was undoubtedly much more difficult than before.
By Tuesday of this week, the Shanghai and Shenzhen stock markets, which had rebounded yesterday, continued to fall as they failed to hold the five-day line, and the index showed a fluctuating downward trend throughout the day.
Tonghuashun, however, went the other way and rose by 0.49% while the trading volume remained below 40 million yuan. The Shanghai and Shanghai stock market indices closed with a mid-level negative line today, swallowing up yesterday's full-day gains.
The adjustments in October are still continuing.
It is the third trading day of this week, and the market is still in a downward adjustment trend with shrinking volume. Before the conference is over, the wait-and-see style of funds is fully demonstrated.
Gu Junhao, who continued to watch Tong Huashun's intraday purchases today, entered an extremely helpless process of absorbing chips as Tong Huashun finally continued to set a new low for the year with a transaction volume of 24.47 million yuan.
After three trading days, what I have bought till today is only 1,500 lots of chips, and this is the gain I got when I ignored the cost and placed orders in batches.
If he placed the order manually in real time, Gu Junhao didn't think he would be able to buy 1,500 chips. Although it was a mindless purchase of chips, with such a sluggish trading volume, he also had to consider the attitude of the main funds. It was impossible to do it mindlessly.
The trading volume in three trading days combined is less than 100 million yuan. Really mindless buying will only increase your position building costs.
"The trading volume has shrunk to this extent, it won't shrink any further, right?"
After the market closed, Gu Junhao whispered to the computer screen that by participating in Wan'an Technology's previous volume reduction model, Tong Huashun was facing a turning point before the official announcement in the third quarter.
