Chapter 246: Running into the venue
In fact, Gu Junhao has another target for the new fund, but this stock has risen too fast recently.
The underlying stock of this stock is also a company with a Chinese prefix: "Zhongguo Jiaojian."
Since the rebound on October 28, Zhongguo Jiaojian has surged 40% in six trading days, and today it quickly hit the upper limit in the early trading session.
By the time Gu Junhao discovered this, the stock had already reached its daily limit, and he was not happy with the method of building a position by hitting the limit.
But it doesn't matter. Compared with Zhongguo First Heavy Industries, which has already doubled in value, this target has a more obvious advantage, having only increased by 40%.
When the price pulls back to near the five-day line, you can open a position; similarly, there is no need to worry about the trading volume of such stocks with Chinese characters in their prefixes.
Moreover, the current manpower is somewhat insufficient; if new traders are not in place, opportunities will arise again.
Then, Gu Junhao would have to do it himself.
Since 2000, there have only been three cases of six consecutive positive trends at the monthly level in the history of A-shares.
The first time created the first bull market of 6124 points, and the second time was at the end of 2008, when the market also hit a high of 3478 points.
This time, it is the third time that the monthly line has six consecutive positive days; with the frequent abnormal movements of large funds, the big players with Chinese characters in their names can all see consecutive daily limit increases.
This trend and the fermentation of emotions have undoubtedly increased investors' enthusiasm for participation.
This can be seen from the fact that there are more and more topics about A-shares on social media recently.
Countless investors are no longer limited to professional stock social platforms to share their investment experiences.
The increase in investment enthusiasm has also affected Junshi Capital’s public relations and publicity. Otherwise , it would be difficult to become a hot topic.
Based on some data analyzed by the market intelligence department and his own judgment, Gu Junhao feels that the Shanghai Stock Exchange should be stronger than the ChiNext Index in the last two months of the year.
Although the monthly line has broken through 2,400 points for six consecutive days, the Shanghai Composite Index is still at the bottom, and countless undervalued stocks are waiting to be repaired.
The recovery and rebound of undervalued stocks is also a major highlight of this bull market.
Relatively speaking, since the ChiNext Index experienced a big rebound last year, it has been unable to break through its highs and will certainly continue to fluctuate.
This is also one of the reasons why Gu Junhao concentrated most of Junshi No. 2's positions in Shanghai stocks.
With the super market about to come, Gu Junhao, like most people, is rushing into the market.
On Wednesday of this week, Zhongguo Jiaojian, which had hit the daily limit for two consecutive days, opened with a gap up of nearly 6%.
However, with the frequent selling of large orders and the adjustment of the Shanghai Composite Index, Zhongguo Jiaojian finally closed up 0.82% and formed a false negative line.
The Shanghai Composite Index also closed down 0.47% today, ushering in a rare adjustment opportunity.
"I feel like we can build a position tomorrow. It would be even better if the market opens lower and tests the five-day line." After the market closed, Gu Junhao said to Xu Jianqing and the others with a smile.
Today, Xu Jianqing and Liu Tingting began to execute Gu Junhao's order to build a position, and the market just happened to adjust.
Although it might have been better if Junshi No. 2 had been issued a few days earlier, it is still good to be able to catch up with the adjustment at the beginning of building a position.
Whether it is an index or individual stocks, adjustments in the early stages of a bull market are buying opportunities.
However, the newly recruited traders are still not in place; tomorrow, Gu Junhao will have to operate on his own.
This cannot be blamed on Shen Boyu’s low work efficiency. After all, the time is too short and it is quite difficult to find a suitable candidate.
You have to know that rookies like Xu Jianqing and the other two were carefully selected, not to mention that the requirements are even higher this time.
"Then boss, you have to do it yourself, haha." Liu Tingting responded. They were too busy to help with building a position with 100 million yuan of funds.
The simultaneous operation of the two funds has pushed the work of the three people to saturation; for the three of them, the pressure today is still not small.
Wang Ruoyu will keep an eye on the three support positions of Junshi No. 1, which also has a scale of nearly 100 million yuan, while Xu Jianqing and Liu Tingting are operating such a large amount of funds for the first time.
Especially Xu Jianqing. Yinzhijie’s trading volume was very small before, and Xu Jianqing rarely had a single transaction of more than 3,000 lots.
However, the share price of Zhongguo First Heavy Industries was low, and orders of more than 5,000 lots appeared frequently, which made Xu Jianqing, who had just taken over, very uncomfortable.
Although he had the foundation of yesterday's Dongfang Wealth transaction, Xu Jianqing still had the previous trading inertia for nearly half an hour in the morning.
However, this situation does not exist for Liu Tingting. She is also in the securities sector, and Xibu Securities has seen a significant increase in trading volume in the later period.
When it comes to building a position in Yellow River Securities, she got started much faster than Xu Jianqing.
…
Thursday, November 6; first Thursday in November.
Given yesterday’s market correction , I wonder how the market will trend.
On this day, Gu Junhao entered the trading room as usual. He was going to personally start building a position in Zhongguo Jiaojian.
In the morning session, the Shanghai Composite Index was not affected by yesterday's adjustment and still opened high. Zhongguo Communications Construction reported 6.16 yuan, opening 0.02 yuan lower.
"You two continue to buy. Xiao Xu, don't be anxious. Take your time to find the right rhythm." After the call auction ended, Gu Junhao said to Xu Jianqing and Liu Tingting.
Every leap in funds is a test for traders. Theoretically, if the funds are below 10 million yuan, they can still trade with the mindset of retail investors and hot money.
Once the funds exceed 100 million, this way of thinking must be changed; when the funds exceed 100 million, even if the stock has a daily trading volume of more than tens of billions of yuan, it is a major force that cannot be ignored.
At present, the Shanghai and Shenzhen stock markets are in an accelerated upward trend, and there is not much time left for Xu Jianqing and others. The same is true for Gu Junhao.
Even though Gu Junhao had experience in operating large funds in his previous life, this was his first time operating large funds in the form of a fund like Junshi No. 2.
However, Gu Junhao will not panic. When it comes to investment transactions, he always sticks to the basics.
When the trading started, the index maintained a small range of fluctuations. Gu Junhao did not take action immediately. At this moment, Zhongguo Jiaojian was still some distance away from the five-day line price of 5.95 yuan.
The small fluctuation in the early trading session is not a suitable time to buy before any adjustments are in place. For stocks with Chinese characters in their names, if they have been rising too much continuously, the first half hour in the early trading session is not the best time to buy.
At 9:50, Zhongguo Communications Construction Co., Ltd. hit a high of 6.32 yuan in the morning, up 2.27%, and then began to correct. During the same period, the Shanghai Composite Index also began to fluctuate and fall.
At 10 o'clock, the share prices of Zhongguo Communications Construction and the Shanghai Composite Index turned green at the same time and continued to decline. At 10:08, Zhongguo Communications Construction closed at 6.07 yuan, down 1.70%.
After 20 minutes of sideways trading, the share price of Zhongguo Jiaojian dropped again to 6.02 yuan, very close to the five-day line. One minute later, two sell orders of 10,000 lots pushed the share price to the integer of 6 yuan.
"It's almost done, we can get started." Gu Junhao, who had been staring at the trading quotation all morning, said with a smile.
Subsequently, buy orders were placed at 6.02 yuan, with purchases being made little by little. Jiaojian's transactions were very active, with the average single buy and sell order being more than 1,000 lots, and orders of three to five thousand lots could be seen at any time.
The huge trading volume and active trading gave Gu Junhao a bold idea, which was to buy all the chips he needed at once today.
From 10:38 to 11:15, within less than half an hour, the stock price of Zhongguo Jiaojian did not fluctuate much, with the highest price reaching 6.02 yuan when Gu Junhao placed his order, and the lowest price falling to 5.96 yuan.
During this period, the Shanghai Composite Index hit a low of 2402.66 points, with a drop of 0.69% at one point, and the downward fluctuations also increased.
The stock index went downward, but as a heavyweight stock with the Chinese character "Zhong" in its name, the share price of Jiaojian has been fluctuating sideways near the five-day line. This made Gu Junhao realize that Zhongguo Jiaojian was very likely to end its intraday adjustment.
It is precisely because of this awareness that Gu Junhao's orders are very bold. Large orders of more than 5,000 lots are constantly placed, and the corresponding buying chips are also increasing.
At 11:17, Zhongguo Communications Construction reported 6.05 yuan. The stock price broke through the low sideways fluctuation range and rebounded to the position before the second decline. The Shanghai Composite Index also rebounded by nearly 0.3%.
"Okay, it looks like the price won't fall below the five-day line today, so you can continue buying." Gu Junhao said as he looked at the trading board with satisfaction.
When Gu Junhao started to build up his position, Wang Ruoyu was already standing behind Gu Junhao and watching. Xu Jianqing and Liu Tingting were both engaged in billion-level operations, but he was the only one who had not had this experience.
Although Junshi No. 1 has now exceeded 100 million yuan in scale, this 100 million yuan is distributed among four holdings. In addition, he still has some cash on hand, so Wang Ruoyu's operation is much easier.
In Wang Ruoyu's opinion, the boss has never operated funds worth hundreds of millions of yuan. Under the premise that new traders have not arrived yet, he really wants to see how the boss operates funds worth hundreds of millions of yuan.
For Wang Ruoyu and the other two, the miraculous performance of Junshi No. 1 proved that the boss could control funds worth tens of millions or even hundreds of millions, and they were also looking forward to the 500 million yuan fund of Junshi No. 2.
"That's too ruthless. This is really buying with eyes closed. But this kind of stock is really good. With tens of millions of funds invested, the stock price fluctuates very little." Wang Ruoyu was secretly shocked when he saw that the boss was still buying.
At the midday close, Zhongguo Communications Construction closed at 6.04 yuan, with a share price down 2.27%. The trading volume was as high as 1.1 billion yuan, and the volume remained in a high range.
The share price of Zhongguo Communications Construction did not fall below the five-day line in the morning, and the Shanghai Composite Index also rebounded by midday close, with a good adjustment trend.
Among the transaction volume of 1.1 billion yuan, Gu Junhao's purchase volume alone accounted for more than 10%, which can be called a lavish purchase.
"How is it? Does it look good?" Gu Junhao turned around and said to Wang Ruoyu with a smile.
