Chapter 269: High-profile attack
"They're actually getting married, but the bride is pretty (dog head)"
"Brother T is also good-looking. This is the first time that Brother T has posted a selfie online. It's rare."
"Congratulations, and I wish you a long and happy marriage."
"Haha, Brother T even specifically replied, telling everyone not to worry too much about financial issues. It seems like he loves his fiancée very much."
"That's right. With Brother T's ability to make money, doing private equity is almost the same as doing charity. He doesn't need to care about what everyone is saying about dividing the property."
"What the above person said is correct. This is also a kind of confidence. Even if the property is really divided, so what? Brother T can still earn it back."
Gu Junhao was also refreshing his comments at this moment. After seeing these replies, he immediately picked one to reply: "Don't read too much toxic chicken soup on the Internet. There is no lack of truth, goodness and beauty in life. Trusting each other is the most basic thing. As for the future, it will be up to time."
Gu Junhao's comment was soon discovered, and someone immediately followed up: "Oh my god, Brother T is still reading the comments, Brother T, please give me the code."
"Brother T, what do you think about the stock market in December and 2015? I also want the code."
"+1, I'm a fan from Taoguba, is it okay for Brother T to give me a code?"
"Brother T, can I still buy Tong Hua Shun? It has risen too much this month. I also want the code."
Gu Junhao, who was refreshing the interface, smiled. Of course, the code could not be given, but there was nothing wrong with some opinions on the general trend, as long as they did not involve specific codes and some sensitive issues.
“There is definitely no code, but the market will be infinitely better in the future. Try to reduce transactions, hold on to the chips with intact fundamentals, and wait for takeoff.”
Since establishing the private equity company, Gu Junhao has not talked about stocks in public and has always been relatively low-key. This public response is also Gu Junhao's first.
Replying to comments was not a spur-of-the-moment idea. Even if there was no such opportunity today, Gu Junhao would find a chance to respond in public at another time.
The capital market is in turmoil due to the trends of the Shanghai and Shenzhen stock markets this month. A-shares appear on the hot search list from time to time, and there is a lot of discussion on major social media. In the frenzy of short squeeze, the news is dazzling.
Some tell people to go short, some tell people to go long. These mixed messages are actually useless or even negative for ordinary investors with low discernment.
Brother T still has a certain degree of credibility among his fans. Gu Junhao used his identity to directly let his fans hold on to the high-quality chips in their hands, which seemed much simpler and clearer.
On the last trading day of November, the Shanghai and Shenzhen stock markets created a historic high volume, with a total transaction volume of 710.4 billion yuan. This transaction volume naturally does not seem amazing to Gu Junhao, but it is indeed shocking to the current market.
Judging from the current stock index, the Shanghai Composite Index has seen a very rare seven-consecutive-positive trend in daily and monthly K-lines. The increase of 7.88% this week is also the largest single-week increase in the past four years, which shows the market's investment enthusiasm.
After the central bank conducted an asymmetric interest rate cut beyond market expectations, investors' risk appetite increased significantly against the backdrop of monetary policy tending towards comprehensive easing and an increasingly obvious downward trend in interest rates, thereby driving funds from all walks of life to flow into the stock market.
As of now, the financing balance of the Shanghai Composite Index has soared to 817 billion yuan, and the trend of increasing leverage in the market is becoming more and more obvious. The leverage ratio is the most memorable word left by the stock market crash after the bull market in 2015.
For most stock investors and ordinary people today, the word leverage has not been taken seriously enough. However, for people who have experienced the stock market crash in 2015 and the late stage of Internet finance, it is enough to understand the depth of this word.
For ordinary investors and ordinary people, increasing leverage is the greatest harm to their own lives, but it is not the case for Gu Junhao. The leverage ratio can be said to be the most advantageous weapon for Gu Junhao.
Since his rebirth, the trends of the Shanghai and Shenzhen stock markets have basically been within Gu Junhao's expectations. In addition, with the advantage of his memories of his previous life, Gu Junhao can fully utilize leverage to buy large amounts of stocks in order to quickly accumulate his wealth.
But Gu Junhao did not do so. Since his rebirth, he has only used financing twice. By the way, the financing limit of his personal account has always been maintained at 8 million yuan.
Faced with huge amounts of wealth, Gu Junhao would also be tempted, but the reason he didn't do so was not because he was noble, but because he didn't dare. Gu Junhao had a much higher awareness than most people about the dangers of excessive leverage.
With this understanding, the financial conditions of Gu Junhao himself and Junshi Capital have remained very healthy. Gu Junhao himself has certain debts, including financing quotas and pledges, but these have been resolved one by one with the surge in Tonghuashun.
As for Junshi Capital, Gu Junhao has basically achieved zero-debt operation. There has been a not-so-large amount of funds in the company's account for a long time, but it is enough to ensure the normal operation of the company.
Having enough money in hand makes Guo Yuanwei's work very easy. As long as the operating status of Junshi Capital can be maintained, Gu Junhao's personal financial leverage will seem insignificant.
Under the comments of Gu Junhao's reply, new replies are constantly being refreshed. Gu Junhao, who is currently very popular, has made a rare direct statement on the market trend, which is naturally enough to arouse everyone's heated discussion.
After leaving a reply, Gu Junhao no longer paid attention to the comments on the Internet. The messages that kept flashing on his mobile phone seemed to remind the world how busy this young man was.
Junshi Capital may not be very famous among ordinary people, but it is now very well-known among shareholders and wealthy people in Beicang and even the entire Ningbo area.
With his amazing speed of making money, Gu Junhao quickly captured a group of fans with a certain status in society. His investment in Berning Auto Parts also shows that this young man has a certain interest in industry.
In recent times, Gu Junhao has also received many invitations from people who lack funds and seek investment. These invitations are considered a good thing, whether they are sincerely seeking investment like Jiang Jianbai, or they are looking for investment because Gu Junhao is stupid and has a lot of money and want to see if they can make a fortune.
In any case, with these invitations, investment in the primary market may open up. All Gu Junhao has to do is to let the market intelligence department conduct field research, analyze the company's advantages, and prepare for next year's work direction.
In the future, Junshi Capital's focus will still not be limited to the secondary markets of the Shanghai and Shenzhen stock markets, but Gu Junhao will also spare more time to participate in industrial investment.
While enriching the company's business and earning more profits, it can also help more small and medium-sized enterprises out of difficulties. Although the financial market is in full swing today, the real economy is far from out of trouble.
Ningbo is an industrial city with countless physical companies of all sizes. As a Ningbo native, we all have a heart for doing physical business.
Gu Junhao, who had resolved the engagement issue, spent most of the weekend at home reading these documents and paying close attention to various news that came out over the weekend.
…
December 1, 2014, Monday, the winter chill has become more intense, pedestrians on the street are wearing thicker clothes, Ningbo, which has a lot of rainfall in winter, seems very cold.
At 8:30 in the morning, Gu Junhao came to the company as usual. Perhaps some people are born to be unable to stop. Gu Junhao, who has become financially independent, is busier than when he was a full-time stock trader.
Gu Junhao's working habit is basically to arrive at the company around 8:30 in the morning. After arriving at the company, he will first go to his office. Without entering the trading room, it will be relatively less urgent to deal with some company documents.
If there is a need to enter the trading room, Gu Junhao will finish processing some documents that urgently need his signature within half an hour, and he will seem a little busy at this time.
This is exactly what Li Xinyu, as an assistant, hates the most. Compared with other colleagues in the company, who can eat breakfast leisurely after arriving at work and slack off for half an hour or even an hour before getting into the state, Li Xinyu's morning is unusually busy on the days when Gu Junhao has to enter the trading room.
The same is true today. As we enter the first trading day of December, Gu Junhao will definitely go to the trading room to provide some guidance and cheer up Xu Jianqing and the other two.
Gu Junhao does not need to worry about people like Wu Peng and Cao Wenxun who have experienced two bull markets. As for Xu Jianqing and the other two, they have been trading carefully under Gu Junhao's leadership since entering the stock market.
The three of them have never experienced such a hot market before. Xu Jianqing and others expressed their views in the group over the weekend. If it were based on the previous routine, Gu Junhao would definitely ask traders to reduce their positions at this time. However, until the last trading day, Gu Junhao did not mention the matter of reducing positions.
After finishing his work, Gu Junhao walked out of the office leisurely and headed towards the trading room, leaving the poor Li Xinyu staring at Gu Junhao's figure hatefully.
The boss just needs to talk and the subordinates will run around; Gu Junhao only needs to sign a few signatures and the rest is up to her; Li Xinyu's work has not been easy at all since she joined the company, but her progress is also very obvious.
Li Xinyu started to get busy. Gu Junhao came to the trading room. Wu Peng, Cao Wenxun and others congratulated Gu Junhao. Marriage is a major event in life. For the two who have already started a family, they have a deep understanding of this.
"Boss, you're so mean. You didn't even tell us that you were getting married." Xu Jianqing said bluntly.
"What's wrong? Do you want to give a gift? Besides, I'm just engaged, not married yet." Gu Junhao said with a smile.
"It's the same for engagement and wedding. As for giving gifts, it's not impossible. I'm a rich man now, haha!" Xu Jianqing said shamelessly. The stock market soared last month, and his trading volume also went up. He thought that when the salary is paid this month, the income should be very considerable.
"You're quite brave to say in front of the boss that you're a rich man. By the way, boss, how does it feel to be a billionaire?" Liu Tingting also joked.
"I'm a billionaire. It feels good. I feel pretty high. Haha."
"Really? I don't see that the boss is arrogant at all."
"Can you tell that's called floating? That's called being a nouveau riche; OK, stop talking nonsense and have a short meeting."
The so-called short meeting was nothing more than Gu Junhao talking and the other five people listening.
"Last month, trading volume increased and the stock index rose rapidly. This month, the volatility of the Shanghai and Shenzhen stock markets will definitely intensify, especially the ChiNext. But don't panic. The bull market is here and any volatility is an opportunity. Just stick to your original intention and do your own trading system well."
"In terms of positions, you can also be bolder. Both funds are prepared based on 90% of the market value of holdings and 10% of cash flow. The extra funds from intraday operations can be added to the market value when opportunities arise."
Gu Junhao's words undoubtedly surprised everyone present. Keeping the fund at a 90% position level is already considered very aggressive. If it remains below this level, the risk is quite high. This shows how optimistic he is about the market.
As December approaches, many institutions need to settle accounts as the year is coming to an end. Under the influence of this factor, it is unlikely that the current daily trading volume of more than 700 billion yuan can be maintained.
From a technical perspective, all major indicators are already seriously overbought. In addition, a large number of new stocks will be issued in December, which will have a significant impact on funds.
In the view of veteran traders such as Wu Peng and Cao Wenxun, the market conditions at the end of the year and the first quarter are not particularly good due to the year-end settlement of funds, the adjustment of positions and stocks after the New Year, the announcement of annual reports and the first quarter.
Often , positions are held from December until April of the following year, and there is not much trend in the two markets. It would be even worse if the annual report or the first quarter report of the holdings were a disaster.
"Mr. Gu, our Junshi No. 2 currently has some heavyweight stocks, which are no longer at low levels. Do we really need to continue with such a large position?"
Wu Peng expressed his doubts. Zhongguo Communications Construction Co., Ltd. hit a new historical high last week. Even Zhongguo No. 1 Heavy Industry Co., Ltd. operated by Xu Jianqing hit its daily limit. There is no need to hold such a high position anymore. It would be better to reduce the position and wait for adjustments before buying it back.
After Wu Peng expressed his doubts, Cao Wenxun continued, "Yes, Mr. Gu, last week the securities sector as a whole had an outflow of 5.8 billion yuan. If we continue to hold such a large number of weighted positions, isn't it too risky?"
In November, the three major financial sectors saw huge gains, and after the rise of the two oil companies, although the stock indexes set new highs frequently, there was also an obvious stagflation trend, and a large amount of funds flowed out of the two markets.
From the bear market perspective after 2007, the launch of the three major financial sectors often means that a large amount of funds will be consumed, not to mention the frequent new highs of individual stocks in the Chinese-character sector, which will consume a lot of funds.
Gu Junhao was very satisfied that Wu Peng and Cao Wenxun were able to raise their own doubts. This showed that they had really gotten into the state and integrated into the team, and their speeches also went straight to the point.
The only factor driving the stock market up is capital. In the previous bear market thinking, there is nothing wrong with their doubts, and Gu Junhao would not make such a move of fully investing at a high level.
But the way of thinking is different now. We have entered the mid-stage of the bull market. The volatility in December will definitely intensify. Gu Junhao is very clear about this, but volatility does not mean reducing positions.
In the mid-stage of a bull market, any adjustment is an opportunity to increase positions. The same is true for the performance of individual stocks, as long as the liquidity of funds is guaranteed.
How crazy the trend will be next year? Looking at the current situation, I am afraid that most of the main players in the market may not be as clear as Gu Junhao. At this time, he cannot afford to lose any chips.
As the two Junshi funds are fully closed, there is no need to worry about investors’ redemption before they are opened, so Gu Junhao feels that there is no problem with such holdings.
This is just like the situation of some new investors born in the 2000s. Since there is no big use for the funds, there is no need to worry about being trapped. No matter how much the price falls, I will not sell.
"That's right, but we have to change our mindset. Now it's a bull market, and the chips in hand are the most important in a bull market. So Brother Peng and Brother Cao don't have to be afraid, just follow the rhythm."
Gu Junhao wants to maintain such a lofty attitude and end the last month of trading this year, even if there are fluctuations and the intraday retracements are very large.
Nowadays, even Junshi No. 2 has basically left its position building cost area. Without any leverage operation, any shock and pullback is not a concern.
Since Gu Junhao, the fund manager, said so, everyone could only abide by it. However, as the first trading day of December approached, the market did not give Gu Junhao any face.
The Shanghai Composite Index, which was under obvious stagflationary pressure last Friday, surged above 2,700 points in the morning, then plunged downward in the afternoon, with an all-day amplitude of 1.93%. It ended today's trading with a drop of 0.10% and a cross-yin trend with shrinking volume.
The ChiNext Index, which hit a new high for the year last Friday, opened low and closed low, maintaining a volatile downward trend throughout the day. It fell 1.18% in late trading and returned to below 1560 points, closing at 1552.31 points.
The Shanghai and Shenzhen stock markets both closed lower on the first trading day of December. Individual stocks also performed poorly. Zhongguo Jiaojian, which had been adjusting continuously after hitting the daily limit last Monday, plunged 4.88% today. Huanghe Securities and Xibu Securities also fell.
Zhongguo First Heavy Industries, which also has the Chinese character "Zhong" in its name, performed unusually today. After fluctuating downward in the morning, it pulled up in the late trading and finally closed up 2.72%. The stock price approached the high point on October 14.
Regarding the adjustment of the market and the weighted stocks, Gu Junhao confidently said to the five people a classic saying in the stock market: "Don't be afraid, it's a technical adjustment."
The sharp drop in the ChiNext Index seemed to have little impact on the three constituent stocks held by Gu Junhao. Only Dongfang Fortune closed lower. Yinzhijie, which hit the daily limit last Friday, surged again by 4.72% today .
Tonghuashun's performance was even more unique. Tonghuashun, which had been on the board for three consecutive days, performed unusually strongly today. In the morning call auction, Tonghuashun opened strongly at 57.70 yuan, with a rise of 7.40%.
After the opening, Tonghuashun fluctuated at a high level for 24 minutes and closed strongly at 9:54. The stock price reached 59.09 yuan. Judging from the post-market Dragon and Tiger List, the Shanghai Gang was simply crazy. The Fushan Road Securities Branch continued to increase its holdings by 71.4536 million yuan.
Liyang, which entered the market last week, made a very large T, selling a total of 25.9738 million yuan and buying 39.0955 million yuan throughout the day, ranking second in buying and selling respectively.
Judging from the Dragon and Tiger list, in which the stock price deviated by 20% in three trading days, the Shanghai Gang's purchases were even more lavish, with Fushan Road, which bought one seat, buying more than 124 million yuan.
If we also count the funds purchased at Fushan Road on November 26, during the four consecutive days of gains, the total purchase amount was close to 170 million yuan, and the selling amount was less than 36 million yuan, resulting in a net inflow of more than 100 million yuan.
"The Shanghai market bought so much that it pulled up four boards in a row. It was really ruthless. However, today's shrinking board accelerated particularly obviously. If there is no other hot money to take over later, the adjustment should be quick."
When analyzing Tong Huashun's Dragon and Tiger List today, Gu Junhao couldn't help but sigh; hot money likes to play relay market, and the Shanghai gang has always liked to eat alone. For example, Tong Huashun buys in large quantities and does not give other hot money a way to eat. This kind of market is difficult to sustain.
If nothing unexpected happens, any subsequent increase will be an opportunity for them to sell their stocks. However, thanks to the increase of the Shanghai Gang today, Gu Junhao's personal account earned a daily profit of up to 8.3235 million yuan.
The total market value has reached 91.4895 million yuan. If it rises to the daily limit again, Gu Junhao's total market value will exceed 100 million yuan.
"Boss, do you think it will continue to rise? If it continues to rise, your market value will exceed 100 million." After the market closed, Xu Jianqing discussed with Gu Junhao.
“It doesn’t matter whether it breaks 100 million or not, but it’s not a long-term solution. When it adjusts, I don’t know how many retail investors will be trapped.”
It's a pity that I don't have enough funds at the moment, otherwise I would have to redeem the pledged chips and hit those who are taking advantage of it.
Entering Tuesday, the Shanghai and Shenzhen stock markets, which had only adjusted for one trading day, perfectly confirmed Gu Junhao's joke about technical adjustments. Both the Shanghai and Shenzhen stock markets opened lower in early trading on Tuesday, and morning trading maintained an adjusting and volatile trend.
The ChiNext Index quickly rose after opening low in the morning, and the index returned to the five-day line trend position. It then maintained a sideways high-level fluctuation trend. In the afternoon, the Shanghai Composite Index suddenly changed.
It was the three major financial sectors again, with the banking sector taking the lead, followed by the securities sector. With Hongyuan Securities' huge order blocking the daily limit, the securities sector as a whole began to rise crazily.
The Shanghai Composite Index quickly broke through 2700 points in the afternoon and even hit an intraday high of 2777.37. At the closing stage, the Shanghai Composite Index surged 3.11% to close at 2763.54 points.
Today, the securities sector had an overall inflow of 3.6 billion yuan. With funds attacking the three major financial sectors so crazily, all technical aspects can no longer explain the current hot market.
Any so-called negative or positive factors, technical aspects and expectations seem insignificant in the face of big funds.
