Chapter 239: Big Rebound after Panic
"I really don't understand this market. The junk brokerage firm plunged yesterday and brought down the market, but today it surged and brought up the market."
"Yeah, how can anyone dare to buy it like this? What if it plummets again tomorrow?"
"No, that won't happen. Today the banks are falling, so tomorrow it will be the turn of the insurance companies."
"This is the market situation of high-level adjustment, but the ChiNext should have stopped falling, right? Today's gap-up rise is too strong."
"Oh, I regret it. I regret it very much now. Tong Huashun has risen sharply. I wish I had listened to Li Kuang's words yesterday."
"Li Kuang is underground now and has made a lot of money again. I am so envious. Looking at today's situation, it should not be a problem for him to hold the 60-day line."
"Do you want to chase them in, brothers? I'm a little jealous."
"Who wouldn't be jealous? Li Kuang's full position has seen a sharp rise, while I am short position and expect the market to rise. The key is that I still sold my shares yesterday."
"After all this trouble, if I hadn't sold Tong Hua Shun, I wouldn't have lost much until now. I calculated that I still have about 5 points of profit."
"It seems to be true. What a pity. I don't dare to buy it again at this price today. It's too high."
In the afternoon, the Shanghai and Shenzhen stock markets continued the pattern of volatile rise in the morning, the growth rate of the ChiNext began to expand, Tonghuashun moved abnormally at the opening, and the trading volume increased rapidly.
At 13:08, a single purchase of 4,500 lots brought Tonghuashun's share price to 23.69 yuan. Since the adjustment on September 25, Tonghuashun has once again hit the daily limit price, awakening the bull stock gene.
"Fuck, that's too harsh. It's pulling so hard. Li Kuang is going to get rich again. If I had known, I would have rushed in this afternoon."
"You can rush in. The stock price has risen sharply since it opened this afternoon. It looks like it won't close at the upper limit. I will buy it when the time comes."
“Is this a push to sell at a higher price?”
"Who knows? Anyway, I envy Li Kuang so much. I'll ask him to give me a red envelope when he gets off work."
"Is this market going to rebound or stabilize after a big drop? It's really uncomfortable to be short."
At the end of the day's trading, Tonghuashun performed exceptionally strongly, with its share price finally set at 23.40 yuan. Its trading volume increased from 32.69 million yuan yesterday to 141 million yuan today, a daily surge of 8.64%.
The Shanghai and Shenzhen stock markets also saw large increases in volume, with the Shanghai Composite Index surging 2.07%. The index once again firmly established itself at 2300 points, closing at 2337.87 points. The ChiNext Index closed at 1522.05 points, also up 2.01%.
The bottoming out and rebound of the Shanghai and Shenzhen stock markets brought great benefits to Gu Junhao, who was fully invested. Today, Tonghuashun in his personal account rose sharply, and Junshi No. 1 also performed well.
Yinzhijie, which surged more than 6% yesterday, rose another 3.18% today, and its share price returned to the integer price of 24 yuan. In two trading days, the increase has exceeded 10%.
Dongfang Wealth closed up more than 3% for the second consecutive trading day, with its share price closing at 15.89 yuan. Trading volume also increased to 779 million yuan, with very active trading.
Wan'an Technology, which plunged yesterday, performed relatively well today, rising 3.2%. Xibu Securities, which returned to a full position, surged 4.43% today, with its share price at 14.15 yuan, almost recovering yesterday's negative line entity position.
The four stocks all rose by more than 3%. Such a trend is very rare even for Junshi No. 1, which has always been stable and upward.
The sharp rise in trading in both markets during the day on October 28 may seem uncertain to ordinary investors as to whether it was a real rebound or a false one.
However, the news of the central bank's interest rate cut in the evening completely confirmed the rebound.
" Technically , the market is oversold and needs a corrective rebound. The policy is positive, so it looks like this round of market adjustment will end on October 27."
After seeing the news of the central bank's interest rate cut, Gu Junhao smiled and said to Zhang Yiru who was sitting next to him.
Today's volatile upward movement, with such a large increase, seems to indicate the market's attitude.
"Haha, if it doesn't fall, it will be of great help to Junshi No. 1's performance."
"That's for sure. It's actually risen quite well today."
It doesn't matter if she reveals some of the price increases to people around her; if you really count, Zhang Yiru is also one of Junshi No. 1's clients.
"The increase in net value will also have a certain publicity effect on the launch of Fund No. 2 at the beginning of next month. It seems that you have succeeded again." Zhang Yiru said mischievously .
"Of course, haha." Gu Junhao, in a good mood, hugged Zhang Yiru and gave her a big kiss.
"Fuck you, leave me alone, I'm watching a drama."
Nothing happened overnight. With yesterday's sharp rebound in the index and the good news of the central bank's announcement of a rate cut in the evening, both the Shanghai and Shenzhen stock markets opened higher on Wednesday as expected.
Individual stocks performed unusually actively. As soon as trading began, trading volumes in both the Shanghai and Shenzhen stock markets increased.
The market's trading enthusiasm was activated again, with hot spots blooming across the board.
In terms of individual industry stocks, yesterday's general rise was seen again. However, among Junshi No. 1's holdings, the trends of Dongfang Wealth and Yinzhijie, which had soared for two consecutive days, slowed down.
Tong Huashun, which crossed all moving averages with a yang yesterday, opened high today and continued to hold the moving average position. It also showed an overall trend of high-level fluctuations. Xibu Securities also continued its excellent performance yesterday and continued to rebound.
After observing the trends of the two markets for half an hour, Gu Junhao said to the three people: "There should be no problem with the market today. I will explain a few things to you."
"First of all, I will be out in a while, and the trading in the next few days will be left to you." Gu Junhao said with a smile. The fund is about to be issued, and there is no need to stay in the trading room all the time if the trend is confirmed to be stable.
After all, there are still many things that need to be done by oneself, including raising funds and selecting specific holdings of Fund No. 2.
In the past two days, many new and old customers have called him, hoping to continue to invest in Fund No. 2. Gu Junhao is naturally very welcome to this and also revealed some specific thresholds of Fund No. 2 in advance.
"Also, you guys should find an opportunity to clear out Wan'an Technology in the next few days. I see that its trading volume has also increased a bit, so there should be a chance to sell it."
Wan'an Technology opened at 14 yuan today. Without taking into account T trading, it has already gained nearly 50% from Gu Junhao's initial bottom-picking position.
In terms of returns, it is still relatively outstanding, but Wan'an Technology's trading is very inactive, and there are certain restrictions on holding funds. In addition, Zhongguo CSR has been suspended again, which means that about 3 million yuan of funds have been trapped.
Calculated based on today's opening price, Wan'an Technology can recover 7 million yuan of funds after liquidating its positions. Whether it is used to increase holdings of other stocks or to do T in the subsequent days, it is better than holding on to it all the time.
What's more, the fund also needs a certain amount of cash flow, and it cannot always be fully invested like this.
"Leave it to me, I'll do it." Xu Jianqing said impatiently. During this week's continuous rebound, Xu Jianqing has not traded yet, which is a pity for him.
"Okay then, I'll leave it to you. Find a chance to sell it."
After a pause, Gu Junhao continued, "Xiao Xu and Tingting, you two should find time to discuss the transaction logs of Yin Zhijie and Xibu Securities with Ruoyu and hand them over to him."
It is not yet known how much money can be raised for the next fund, so Xu Jianqing and Liu Tingting are temporarily in charge of building the position.
If the maximum amount of funds, that is, 500 million yuan, is raised in the future, and Xu Jianqing and Liu Tingting are unable to operate funds of over 100 million yuan, Gu Junhao will consider adding members to the fund business department team.
"Okay." Xu Jianqing and Liu Tingting responded in unison and had no objection to sharing their trading logs.
After more than five months of working together, the three of them have grown step by step from the rookie stage to where they are now, and they have developed a tacit understanding of cooperation with each other.
After thinking about it and finding nothing else to say, Gu Junhao left the trading room and began to prepare for the fundraising of Fund No. 2, switching from the status of fund manager to that of company boss.
The stock market was still in trading, and Xu Jianqing and the other two also returned to trading. Following the boss's instructions, Xu Jianqing also focused his main energy on Wan'an Technology.
Throughout the day's trading, both markets showed a trend of rising volume and price, with heavyweight stocks making concentrated efforts, such as the transportation industry, non-bank financial , steel, real estate and other sectors, all rising by more than 2%.
The extremely strong market also means that the adjustment in October has come to an end.
Throughout the day, the total trading volume of the Shanghai and Shenzhen stock markets, including the Shanghai Composite Index, Shenzhen Component Index and ChiNext Index, reached more than 450 billion yuan.
This is also the highest trading volume since September 17 this year. The Shanghai Composite Index rose 1.5% and the ChiNext Index rose 0.53% throughout the day. The Shanghai Composite Index traded 225.1 billion yuan, accounting for most of the trading volume in the two markets.
Funds are concentrated in the weighted sectors, which to a certain extent also affected the growth of small and medium-sized enterprises. Today, the largest increase in Junshi No. 1 went to Xibu Securities, while the growth of Dongfang Fortune and Yinzhijie slowed down.
Xibu Securities' total transaction volume for the day was 589 million yuan, a sharp increase of 4.95%. Xibu Securities, with an amplitude of more than 8% throughout the day, completely recovered the downward gap on Monday this week and re-stabilized various moving averages.
October 30, Thursday; Gu Junhao was busy with company business, and the trading room became the world of Xu Jianqing and the other two.
In the morning, Xu Jianqing asked Wang Ruoyu and Liu Tingting, "Do you think there is a statutory decline day today?"
"I don't think so. The market has been rising sharply in the past two days. Besides, the market has fallen badly this month. There must be a sustained rebound."
"Not necessarily. The Shanghai Composite Index may continue to rise sharply, but the ChiNext Index was not as strong as the previous two days." Xu Jianqing said with a smile.
"The price shouldn't fall. It's just an adjustment at most. Don't mess around and lose your chips." Liu Tingting warned.
"Don't worry, it won't be that serious. Besides, the boss asked me to clear out the inventory of Wan'an Technology, so I can sell this without any problem, haha."
The boss didn't say when to sell, nor did he say what the price would be. Anyway, you just have to find the right opportunity to sell it, and Yin Zhijie can let the price go up or down.
"Well, Tingting is right. This week's performance is still very important for next month's fund raising." Wang Ruoyu also nodded.
"Don't worry, I know what I'm doing and I won't do anything rash."
"That's fine."
After trading officially started, the two markets today were not affected by Thursday's curse and continued the rebound trend of the previous two trading days, opening higher across the board in the morning.
The Shanghai Composite Index even launched an attack on the highest point of this round of rebound during the trading session. The securities sector performed very strongly, which also made the retail investors who were thrown off the bus on Monday curse angrily.
Although he was cursing, his hands were still honest. Whether he was buying back previous positions or looking for new buying targets, he was not slow at all.
Retail investors who are accustomed to changing their beliefs due to a single positive line and who are used to chasing rising and falling prices, will never miss out on a big rally by keeping their positions empty.
