Chapter 234: Important News that Detonated the Market
After seeing everyone's discussion under this message, Li Ze stroked his chin and thought: "That makes sense. Brother T either changed his shares or bought at the bottom again."
Regardless of stock exchange or re-bottom fishing, Junshi No. 1's net value is released once a week, and such a large growth rate shows that Junshi No. 1's current position is extremely high.
Otherwise, it would be impossible to achieve this kind of profit. Even if Brother T changes his style and does short-term trading, the amount of capital investment will not be small.
Junshi No. 1 is even fully invested. Although there is a one-week lag in the announcement of the net value, it is already very short compared with the public funds' holdings announced once a quarter.
For retail investors, this lag period is not a lag at all, as they can escape at any time anyway.
Li Ze is also considering whether to buy at the bottom and increase his holdings. After two increases, he currently holds 25,000 shares of Tong Huashun.
At its peak, its market value was as high as 667,500 yuan, but now it is only 534,000 yuan, a drop of 133,500 yuan. It would be a lie to say that I am not heartbroken.
Li Ze had imagined that if he sold as planned at above 26 yuan, and if he could hold on until now with an empty position, he should be able to buy 30,000 shares of Tong Huashun.
However, there are no "ifs" in the market; only by holding positions could Li Ze spend these two months unknowingly.
Once sold, according to the current market trend, it would be difficult for Li Ze to guarantee that he would not be trapped in other stocks, or even lose Tong Huashun's profits.
If you want a young investor to stay in a wait-and-see state with empty positions, it would simply be a torture for him.
After thinking about it for a whole night, Li Ze finally decided not to increase his holdings. For his current holdings of more than 500,000 yuan, this is already the maximum market value of his operations.
If I were to increase my holdings, I might not be able to grasp the situation as I have never handled large amounts of money, regardless of the size of my holdings or the market value.
It is difficult to be sure that you can sustain a pullback of large funds, and you cannot increase your positions endlessly like this. Even if you have a high salary, you cannot afford it.
"Forget it. This is all I can make. How much I earn depends on fate." Li Ze consoled himself. Li Ze's mentality is pretty good now. His original goal at the beginning of the year was to make back his investment, which was already very good.
"Brothers, I think the opportunity to buy Tong Huashun at the bottom has come, but my position is too large, so I dare not buy it." Everyone is familiar with each other, and Li Ze doesn't mind exposing his shortcomings.
"I would like to buy it. The stock I bought before is still 10% higher. It would be too painful to sell it at a loss."
"I don't dare to buy. Tonghuashun has fallen less than 30%, and it is still at such a high price. There is no trading volume. I think it will continue to fall."
"I have a sum of funds out, I can try to increase my position next week." This is what Brother Cao, the big brother in the group said. In terms of position control, he is the best in the group.
However, he has been jumping around this month, resulting in a considerable loss. To be honest, he is a little envious of Li Ze who held on to a full position and lost less than him.
Not only ordinary investors are currently discussing the changes in the net value of Junshi No. 1, there are also some small private equity institutions in the industry who judge the changes in the market based on the changes in the net value of Junshi No. 1 and their own analysis.
Over the past three months, Junshi No. 1 has been gradually influencing some A-share investors with its unshakable performance advantage. The weekly performance changes have become an investment reference for some people.
Gradually, Gu Junhao is gradually forming his unique influence in the A-share market; however, Gu Junhao has no time to pay attention to these things at the moment, as this weekend is the performance explosion period for the fund's holdings.
All stocks will release official earnings forecasts this weekend. For Gu Junhao, who attaches great importance to fundamentals, this weekend is destined to be a busy one. For this reason, Gu Junhao called Xu Jianqing and three others to his home.
The four of them did not choose to work in the trading room, but instead in Gu Junhao's study to organize the annual report. Relatively speaking, the working environment was much more relaxed.
This was also the first time that Xu Jianqing and the other two came to visit. They were not invited when they moved last time. Afterwards, Gu Junhao had promised to prepare a meal for the three of them at his home. This time, he was fulfilling his promise by taking advantage of work.
"I feel a little embarrassed to ask you to work overtime on the weekend. Please feel free to order whatever you want for lunch. If you can cook, make it yourself. If you can't, we can order takeout."
As soon as he entered the door, Gu Junhao said to the three free laborers; Gu Junhao was the only one at home, and in order not to disturb Gu Junhao's work, Zhang Yiru continued to hang out with her good friend Liu Ruihuan this weekend.
Of course, this is also a way to avoid suspicion. Since the beginning of this year, a big boss who is also a fellow villager has been involved in a scandal involving insider trading. Xiao Gu occasionally talks about it at home, and his words show that he is not optimistic about whether he can get away with it unscathed.
As for Mr. Gu, he is becoming increasingly famous due to the performance of Junshi No. 1 Fund. This week, his stock price has risen against the market trend, which has attracted widespread discussion. To a certain extent, avoiding suspicion is also a kind of protection for himself and Xiao Gu.
Gu Junhao knew very well what Zhang Yiru did; it was also a blessing to have a partner who could support one's career.
"Boss, what can you do? Stop bragging. If we order something later and you can't cook it, it will be in vain. We might as well eat out instead of takeout." Xu Jianqing said calmly as he looked at Gu Junhao's new home.
"Simple home-cooked meals are fine. Besides, we still have the three of you."
"Ah? Boss, don't count on me. I don't cook at home and I don't know how to cook. But cooking noodles is no problem." Liu Tingting said quickly.
"I don't know how either. I don't usually make a fire." Xu Jianqing spread his hands.
"I can do two, but that's all." Wang Ruoyu also said with a smile.
"Then we'll talk about it later. Or you can help me. Don't worry, you'll have food to eat."
Four people entered the study room. Although they said they were working overtime, they were not very busy at work. They were just waiting for the release of the quarterly report and sorting out some market information. The most critical one was the third quarter report of Xibu Securities.
Currently, only Xibu Securities has not repurchased the shares of Junshi No. 1, and the rest are all fully invested. The quarterly report is only a reference for summarizing the company's first three quarters, and judging the expectations for the future market this year through these data.
However, when the four had just sat down and were ready to start working, two announcements with the same content ignited the emotions of the weekend. The release of these two announcements added some liveliness to the weekend without any transactions.
On October 25, 2014, at 9:06 am, China Railway Construction Corporation Limited and China Railway Construction Corporation Limited simultaneously issued announcements. The contents of the announcements were almost identical, except for the replacement of the codes and stock names.
"Because the company intends to plan a major event and in view of the significant uncertainty of the event, upon the company's application, the company's shares will be suspended from trading from October 27, 2014."
In addition, there are some announcement arrangements regarding the company's stock suspension period, and there is no other content.
The two companies issued suspension announcements at the same time, and the content of the announcements was almost the same, which made the market react instantly. The concepts of state-owned asset reform and restructuring are hot concepts this year.
The long-rumored merger of CNR and CSR has finally happened. For a time, the CNR and CSR stock trading area was flooded with numerous retail investors, posts and various comments, making it extremely popular.
Among these posts, there are those where holders posted screenshots of their holdings, and there are also topics of envy from the audience outside the market; of course, there are also many ordinary investors who were washed out after yesterday's decline and pullback.
When it comes to the suspension of CNR and CSR, the ones that suffered the most are undoubtedly some of the funds that were washed out on Friday. In just one night, even a fool could see that this was a major positive and the stock prices of the two companies would take off after the resumption of trading.
Similarly, there are many posts condemning insider trading in CNR and CSR, especially CSR. Since CSR released a huge price limit on the 16th of this month, the trading volume has remained at a relatively high level in every subsequent trading day.
On Thursday this week, when both stock markets plummeted, CSR's share price rose abnormally, with the intraday gain exceeding 8% at one point, although it eventually fell back to 3.7% in the afternoon.
However, countless funds and retail investors were washed out by this long upper shadow line. It should be noted that the trading volume of CSR on that day was as high as 1.941 billion yuan. This long upper shadow line represents countless funds that were washed out of the 1.941 billion yuan.
On Friday, there was another round of correction and wash-out, with a trading volume of more than 3.5 billion yuan in two trading days, just before the suspension. Those who were washed out were naturally very angry.
However, this is not a private listed company after all, and with such a huge amount, there is nothing anyone can do except to ask for a few benefits verbally.
When Gu Junhao and the other three received the news, the scene seemed extremely strange; no one spoke among the four.
Gu Junhao didn't say anything, but was feeling emotional that the magic car had finally arrived. Although he could predict the suspension of CSR and CSR, he had forgotten the exact time and didn't expect it to arrive so soon.
As far as I can remember, the two companies were suspended for a long time, and the specific time of resumption should be around the end of the year? After the resumption, the stocks continued to rise by the daily limit, raising the profits of holdings.
Afterwards, the two companies will merge into a giant car company, which will completely influence the trend of A-shares.
Gu Junhao's silence stemmed from his imagination of the future, while Xu Jianqing and the other two were silent because they had nothing to say, thinking of the boss's reaction when he bought CSR shares for short-term trading, and the boss's request to increase holdings on Friday.
This made the three of them feel that the boss seemed to be born with an ability to predict trends in advance; for this reason, the three of them looked at Gu Junhao with some confusion in their eyes.
Of course, I don’t think the boss is suspected of insider trading. Judging from his actions, he is also very averse to insider trading.
After Gu Junhao realized what was happening, he smiled and said to the three people, "Don't think too much. It's just a coincidence based on the trend. If I knew when he would stop trading, I would definitely have invested heavily."
Although the three of them were still doubtful, they must have been convinced by Gu Junhao's reasons. In fact, if they had known that a suspension announcement would be issued today, they would not have bought only more than 2 million. According to the boss's operation method, they would have to hold at least 20 million to be satisfied.
"A strong market maker will not go below the five-day line. In addition, the trading volume and turnover rate are maintained very well. Isn't that the truth?" Xu Jianqing looked at Gu Junhao and said.
"Yes, almost. After so many days of adjustment, the stock price has not fallen below the price you bought at the bottom. The stock price is relatively strong, and it has risen sharply and fallen slowly along the five-day line, indicating that funds are absorbing shares."
In fact, most of the so-called insider information and good and bad news will be reflected in the stock price trend. The outflow of large funds is always one step ahead of the market.
"It turns out that you are doing this according to the short-term trend. However, your luck is so good, as our existing holdings were also suspended several times before." Liu Tingting nodded.
At this point, Gu Junhao remembered that among Junshi No. 1's current holdings, four stocks had experienced suspensions, and each time he was able to buy a reasonable position before the suspension.
Nowadays, even Zhongguo CNR, which is nominally a short-term investor, is like this. It is hard to explain it as a coincidence.
However, in fact, Gu Junhao really just followed the trends of the index and stocks, trading volume and turnover rate to judge the adjustment trend of the stock, and did not have any insider information advantages.
Although he was a reborn person, it was obviously impossible for him to remember the specific suspension date of a certain stock. The suspension of Dongfang Wealth was beyond Gu Junhao's expectations.
According to Gu Junhao's logical memory, he had never encountered a situation where a stock equity incentive required a trading suspension, and this was not the period in 2015 when thousands of stocks were suspended.
However, we still need to be more careful about this kind of thing in the future. Even if we have to endure a certain degree of decline, we must make sure that our performance is not so outstanding, otherwise it will become a problem when the profit is too large.
From this perspective, the sharp drop and pullback of Junshi No. 1 within two weeks can, in a sense, be regarded as a good thing, as it makes it seem that Gu Junhao simply grasped the timing better, rather than being suspected of any inside information.
The suspension of CNR and CSR sparked heated discussions in the market, but it did not attract much attention from Xu Jianqing and the other two. After all, their holdings were very limited, and even if the shares were resumed with favorable news, it would not have much effect on Junshi No. 1's performance.
In the opinion of the three, this kind of large-cap stock is only worth two daily limit increases at most after the resumption of trading. Xu Jianqing originally bought it out of boredom and wanted to earn a 5% bottom-fishing profit.
By the way, let him satisfy his desire. If the boss hadn’t stopped him, Xu Jianqing would have sold Zhongguo CNR on the second trading day.
Similarly, Gu Junhao did not want to participate too deeply in Zhongguo CNR. He bought 5,000 lots only to judge the peak date of A shares by the way of wind vane.
While the four were discussing and collating information, Xibu Securities also announced its official third quarter financial report for 2014 on Saturday morning, and several other holding companies also announced various third quarter reports at almost the same time.
Xibu Securities' third-quarter financial report will directly affect the bargain-hunting price; for Zhongguo CSR, which only started to perform well in 2015, Gu Junhao prefers to focus on the present.
The recovery of stock market sentiment in the third quarter, the increase in financing and the increasingly active trading naturally played a huge role in boosting the profits of securities firms.
Xibu Securities' financial report shows that the company's total assets at the end of the reporting period increased by 84.24% over the same period last year, and the net profit attributable to shareholders of listed companies increased by 8.91% year-on-year.
In terms of operating income, there was an increase of 85.51% compared with the same period last year, and an increase of 28.09% within this year.
The performance of Xibu Securities can only be considered average among securities companies. Although its turnover has increased significantly compared with the same period last year, that was also due to the long bear market it experienced last year.
Compared with the performance of leading securities firms, Xibu Securities' performance is not impressive enough; however, as a small regional securities firm, this performance is enough to prove the extent of the market recovery.
No matter how A-shares perform in the remaining two months, with the current increase in financing and warming market sentiment, securities companies will have a good year this year.
"The performance is just average, not particularly impressive, but we will still increase our holdings next Monday as planned."
After analyzing the specific business of Bo Xibu Securities, Gu Junhao looked up at Liu Tingting and said: Next week, her tasks will be heavier.
Again, what makes people interested in Xibu Securities is not its performance. With the current trend, when Gu Junhao bought it, it can be determined that it has reached the bottom area of Xibu Securities.
The bottom-up issuance gives rise to endless imagination; coupled with the recent relaxation of restrictions by the China Securities Regulatory Commission to encourage IPOs and financing by large, medium and small securities firms, as well as the full opening of the Shanghai-Hong Kong Stock Connect, for Xibu Securities, which was only listed in May 2012.
The attributes of newly listed brokerage stocks may not necessarily mean that there is no room for speculation; in this round of bull market in 2015, concepts in both markets soared, and compared with performance, the focus of this round of speculation was on concepts.
Performance is just a reference. As long as the market has not returned to rationality and focused on the company's fundamentals and performance, speculation is still the main focus.
This is also one of the reasons why Gu Junhao chose Xibu Securities instead of buying leading brokerage firms.
Liu Tingting had no objection to Gu Junhao's instructions; thanks to Xu Jianqing and Wang Ruoyu, she was able to get a bonus this week, and she should do some work next week and report back to her boss.
Overtime work on the weekend was relatively informal, as it did not start until after nine o'clock. After discussing Zhongguo CSR, the rest of the morning was spent on Xibu Securities.
For people in Ningbo who have an early lunch time, it is already lunch time after reading the financial report of Xibu Securities.
When he arrived at the kitchen, after seeing the three people's knife skills and various chaotic operations, Gu Junhao realized that the three people's claim of not being able to cook was not a lie.
Judging from the performance of the three people, my cooking skills are not very good. In comparison, they can be considered very good. After thinking about an incident at the end of 2019, most people were unable to go out for a long time.
At that time, the biggest feeling of many young people on the Internet was that they must learn cooking; this way, at critical moments, they would not have to eat dry food and instant noodles every day.
Thinking of this, Gu Junhao smiled and said to the three of them, "I think you should learn how to cook. This way, you don't have to eat takeout that doesn't suit your appetite all the time. It will also be a plus when it comes to finding a boyfriend or girlfriend."
In addition to some home-cooked dishes prepared by Gu Junhao, lunch also included some good dishes reserved from a nearby hotel. After all, these three people had given red envelopes for relocation before.
Gu Junhao certainly couldn't appear too shabby, so he prepared a variety of dishes to satisfy the tastes of the three people. Xu Jianqing was from a mountain city and was used to eating spicy food, so Gu Junhao even asked him to make a few spicier dishes.
There are places in Zhejiang Province where people eat spicy food, but Ningbo is not one of them. Gu Junhao can eat a little spicy food occasionally, but it is only slightly spicy. The same is true for the other two.
After lunch, he took a short break as usual and continued to look at the financial report in the afternoon. For the three stocks that were already fully invested, Gu Junhao only did a simple analysis. The financial report of Dongfang Wealth was as excellent as ever and there was no problem at all.
Yinzhijie also had many bright spots in its performance in the third quarter. First, the net profit loss was narrowed to 0.97%, and second, the operating income increased by 22.47%.
Compared with the semi-annual report, Yinzhijie's third quarter report is much better. I believe that with the formal completion of the restructuring and acquisition in the fourth quarter and the consolidation of the subsidiary's performance, Yinzhijie's performance will be promising in the future.
The last thing I looked at was Wan'an Technology's quarterly report. After the expected increase in the semi-annual report, Wan'an Technology's performance in the third quarter was also good, and the overall performance increased significantly. However, Wan'an Technology did not hold many shares, so Gu Junhao just browsed through it casually as a routine.
With not many positions held, low trading volume and not very active stock price performance, Gu Junhao has been intentionally looking for opportunities to try to sell out Wan'an Technology. In terms of profit, the bottom-fishing in Wan'an Technology was relatively successful.
However, in terms of capital utilization, this investment is not particularly outstanding among Junshi Capital, and the only thing that has supported me until now is a bit of sentimentality.
When the right time comes, Gu Junhao will choose to sell this sentiment and look for another target to build a position, or add positions to existing positions.
The afternoon work ended early, but Gu Junhao did not let the three people go back. Instead, he let them move freely for a while and had something to say to them later.
After the three of them left the study, Gu Junhao was also thinking about a question, that is, Junshi Capital has developed to date, and the current Junshi No. 1's revenue has doubled.
The workload of the three people in the fund business department seems to be a bit excessive, which can be seen from the fact that Liu Tingting has hardly participated in many transactions this month.
Apart from swing trading, intraday T trading has become useless for Junshi No. 1. After clearing out Wan'an Technology, excluding Zhongguo CSR, there are only three positions left to operate.
With these three holdings, I will be in control of the overall situation. It is enough to leave one person to guard Junshi No. 1. So how should the work of the remaining two people be arranged?
Undoubtedly, issuing new funds is the best way.
Now that its reputation is growing and new clients are constantly requesting to issue funds, I believe that the issuance of Junshi No. 2 should be very smooth, right?
"It seems that the time has come to issue the second fund." After thinking about it, Gu Junhao said to himself.
