Chapter 237: The Day of Panic
In the trading room of Junshi Capital, Gu Junhao felt relieved when he saw the brokerage firm's performance.
I didn't expect the brokerage firm's plunge to come so quickly in early trading on Monday; all this happened faster than I thought, and the panic at the bottom of the market was led by the plunge in heavyweight stocks.
"Perhaps, the adjustment should be over soon. Tingting, get ready and find a reasonable position to take back Xibu Securities." Gu Junhao said in a deep voice.
The brokerage firm opened lower after a sideways adjustment, and there is bound to be a process of selling in a desperate situation. How to use this process to absorb more chips is the issue that Gu Junhao has to consider today.
The original plan was to hope that Securities would fill the gap or buy at the bottom after the performance was announced, but I didn't expect to achieve both of these today. Everything was within my expectations. For the calm and composed Gu Junhao, buying at the bottom was inevitable.
Afterwards, Gu Junhao said to Wang Ruoyu and Xu Jianqing, "You two should keep holding your positions. No matter how much the market falls, hold on for me today."
Panic spread in the two markets . After scaring the three people in the morning, the opening situation was the same today, which made the three people breathe heavily.
Seeing this, Gu Junhao also comforted him: "It's okay, everything is going according to plan. Remember one thing, when you are extremely panicked and want to sell, wait a little longer."
Gu Junhao had said this to the three people countless times. When they heard the boss say this again, their emotions gradually stabilized.
Liu Tingting was the first to say, "Okay, I'll wait for a good price. It looks like I'll have to increase my holdings a lot today."
Calculated based on the current opening price of Xibu Securities, 7.7 million of funds is enough to buy nearly 5,400 lots of positions, which is nearly 400 lots more than the 5,000 lots sold before.
"Well, it is estimated that there will be a downward trend. You don't have to buy at the opening price. Wait until it opens." Gu Junhao nodded. It is common sense that most of the stocks that open lower will have an inertial downward trend.
Of course, some short-term monster stocks are beyond the scope of common sense. Short-term monster stocks will often open lower with gaps, or even start with a limit down, and then quickly pull up.
At 9:30, official trading began, and the panic led by the securities sector caused individual stocks and indexes in the Shanghai and Shenzhen stock markets to fall rapidly.
The ChiNext Index, which had opened flat, quickly turned green, and all stocks including Tong Huashun and Dongfang Wealth quickly followed suit and fell.
Li Ze's order was executed immediately. There were only 11 lots on the market with a transaction price of 21.25 yuan, including his 10 lots.
In just a few tens of seconds, in the blink of an eye, Tonghuashun's stock price reached 21.12 yuan.
It is only 0.01 yuan away from the lowest price of this round, and a break is inevitable.
"Damn, I was too impulsive. I could have waited until the market opened before buying. I've lost the money for several meals." Li Ze said a little depressed.
Spending lavishly in the stock market and being stingy in daily life is the daily life of the leeks.
One minute later, Tonghuashun fell below the lowest price of this round, closing at 21.10 yuan. The Shanghai Composite Index and the ChiNext Index both fell by more than 0.5% and continued to fall.
By 9:38 a.m., the Shanghai and Shenzhen stock markets were falling rapidly. The Shanghai Composite Index fell below 2290 points to 2281.47 points, a drop of nearly 0.9%, while the ChiNext Index also fell to 1466.46 points, a drop of 0.75%.
The securities sector as a whole fell by more than 2%. Xibu Securities was reported at 13.94 yuan, with a real-time drop of 5.75% during the day. Xibu Securities fell sharply below the 14 yuan integer mark, and some funds began to flow in to try to buy at the bottom.
However, on the trading page, purple sell orders still dominated, while bottom-fishing orders were mostly concentrated in medium orders below 500 lots. In addition, the stock price quickly returned to 14 yuan, so Gu Junhao did not let Liu Tingting start bottom-fishing.
"It's still early, let's wait until the half-hour volatility in the morning is over." The half-hour volatility period has not yet passed, let's see the situation first, there is no need to rush to buy at the bottom when there is a gap down.
Tonghuashun is still in a downward trend. The stock price has fallen to 20.70 yuan, a drop of 3.09%. The stock price seems to show signs of continuing to fall.
At this point, Li Ze was a little panicked and regretted his impulsive behavior in the morning.
"Shit, the drop is too scary. I have to sell the positions I added this morning." Li Ze was a little flustered and couldn't wait to switch to the account trading interface to reduce his positions.
However, at this time, Li Ze's Tonghuashun trading software started to lag.
"Fuck, why suddenly freeze? I want to sell it." Tong Huashun's lag made Li Ze a little anxious. Not only Li Ze, but also a small number of investors' trading software also experienced lags.
Panic selling in the early trading session caused a large number of users to flock to the trading software, resulting in a lag that is now spreading across the Internet. Some people who have already sold their stocks are feeling fortunate as they watch the stock continue to fall.
Those who did not sell, like Li Ze, cursed loudly and kept refreshing the software; Li Ze, who was fishing in the well, had much worse signals than others.
After refreshing for a minute, Li Ze saw that the trading interface could not be refreshed. In addition, other team members were urging him to do so, so he had no choice but to accept his fate, turned off his phone and went to work.
"This rubbish stock market, every time it rises for a while, it falls so hard; forget it, luckily I only added 1,000 shares, and the limit down is only more than 2,000 yuan."
Li Ze, cursing under his breath, had to stop slacking off and return to work. Fortunately, the profit was enough, otherwise he would have to work overtime to cover his losses.
…
"Boss, Dongfang's wealth has stopped falling and is rebounding." Wang Ruoyu shouted loudly to Gu Junhao.
Dongfang Fortune fell to 14.71 yuan in the morning at the opening stage, down 1.21% before stopping the decline. However, it did not rise, but traded sideways below the daily average price.
During the sideways period, the trading volume of Dongfang Fortune was not very large. However, when the ChiNext Index fell sharply, Dongfang Fortune suddenly increased in volume and rose. At 9:38, Dongfang Fortune rose to 14.86 yuan.
One minute later, the stock price was reported at 14.95 yuan, turning positive during the day. At 9:40, it reached the integer mark of 15 yuan under the leadership of a buy order of 1,500 lots.
Gu Junhao stared at the intraday chart of Dongfang Wealth, and then looked at Yinzhijie, which had opened flat in the morning and only fell slightly, but had turned positive.
At this point, I felt relieved. Dongfang Wealth, which had already shown a rebellious trend, had rebounded ahead of schedule.
"The ChiNext Index should have hit bottom. You two just need to hold on tight."
Afterwards, Gu Junhao switched his computer interface to the Tong Huashun interface and checked the Tong Huashun's intraday chart. At the intraday settlement at 9:39, he found the sell order for Tong Huashun's current lowest point of 20.61 yuan.
"17 hands. I don't know which unlucky guy is this. It's likely that he got it at the lowest point." Gu Junhao said with a smile.
Maybe it is the real bottom, or maybe it is affected by the sector.
At this moment, Tonghuashun's stock price also began to rebound slightly. At the same time, the ChiNext Index also responded. At 9:45, the ChiNext Index quickly rebounded by more than 0.5%, and the decline narrowed to 0.2%. Tonghuashun also rose to 20.89 yuan, which was above the daily moving average.
Dongfang Fortune reported 15.03 yuan, and the trading volume began to slowly increase. Buy orders above the medium level began to gradually increase. At 10 o'clock, Dongfang Fortune reported 15.13 yuan, up 1.54%.
The ChiNext Index rebounded quickly after hitting a second bottom without breaking its previous low, with the index rising to 1476.20 points, down only 0.09%.
Three minutes later, the ChiNext Index turned positive for the first time that day.
At 10:15, Dongfang Wealth's share price had risen by more than 3%, the ChiNext Index had also risen by 0.3%, and Tonghuashun's share price had rebounded to 21.30 yuan, just one step away from turning positive.
Two minutes later, Tong Huashun also successfully became popular again.
The ChiNext successfully passed the panic period of half an hour in the morning. In Gu Junhao's view, it has taken the lead in bottoming out and rebounding ahead of the Shanghai Stock Exchange.
"It's up to you today, Tingting, to see how much you can buy."
Gu Junhao, who held heavy positions in Dongfang Fortune and Yinzhijie, both of which were on an upward trend, also joked with Liu Tingting.
Xibu Securities is currently fluctuating around 14 yuan, with a decline of about 5%. The three major financial sectors including securities companies and the Shanghai Composite Index are also in a downturn.
At 11 o'clock, Xibu Securities was still fluctuating below the daily moving average, and the stock price was 14.06 yuan.
The Shanghai Composite Index ignored the rise of the ChiNext and maintained low-level fluctuations.
"It looks like there will be another wave of selling in the afternoon. This is the final panic selling. Wait until the price drops below 14 yuan in the afternoon before buying." Gu Junhao said to Liu Tingting.
The lowest price of Xibu Securities in the morning was 13.93 yuan. Considering the trend that it had been below the moving average in the morning, it was not surprising that it hit a second bottom in the afternoon.
In the afternoon, the trend of Xibu Securities was just as Gu Junhao had judged. The securities sector was in a state of accelerated decline at the opening of the afternoon, and the share price of Xibu Securities also fell below 14 yuan.
At 13:18, Xibu Securities reported 13.89 yuan, down more than 6%. Liu Tingting couldn't sit still.
"Want to buy it, Boss?"
"Wait a little longer." Gu Junhao said calmly.
The price hit a new low for the day, with such a huge drop, and it deviated from the daily average price by 1%. However, the trading volume did not increase, and the volume of a single decline was only 3.31 million yuan.
In Gu Junhao's opinion, the gap down opening in the morning was so large. Except for the large volume in the opening stage, the trading volume throughout the day was not particularly large. If there is no more sharp drop, it would be a bit of a shame for today's gap down opening.
At 14:07, a sell order of 2,000 lots pushed the price of Xibu Securities to 13.81 yuan, setting a new intraday low. At this time, there were also continuous small and medium-sized orders being sold.
"Here it comes, get ready, the late-session sell-off has begun."
At 14:15, the overall decline of the securities sector exceeded 3%, and the Shanghai Composite Index also hit a low of 2279.84 points. At this time, Xibu Securities was trading at 13.65 yuan, down 7.71%.
"Buy it, no need to wait." Gu Junhao said to Liu Tingting. After receiving the order, Liu Tingting also started to act. Xu Jianqing and Wang Ruoyu also stood behind Liu Tingting and watched with interest.
The share price of Xibu Securities is still in a falling trend, but the trading volume during this period is relatively large. For Gu Junhao who wants to buy more than 5,000 lots, it is the best time.
At 14:25, Xibu Securities reported 13.45 yuan, and the decline was close to the limit price. Just like Tong Huashun in the morning, after the last unlucky guy sold 91 lots, the stock price began to rebound.
With the influx of more than 4 million buying funds, Xibu Securities quickly rebounded to 13.62 yuan. The stock price of Xibu Securities, which had not really hit the limit down, also slowly recovered. At 14:42, the stock price rebounded to 13.71 yuan.
At 15:00, Xibu Securities closed at 14.55 yuan, down 8.38% on the day, with a turnover of 450 million yuan.
"How much did you buy?" After the market closed, Gu Junhao asked Liu Tingting first.
"Hehe, what an unexpected gain. I bought 5,700 lots in total, and the average transaction price was 13.53 yuan." Liu Tingting smiled happily. This was 300 lots more than the calculation in the morning.
"There are so many more. You're doing well. I'll give you credit."
