Chapter 271 Crazy Market
Being able to judge the general trend half a year or even longer in advance, and being able to hold on to the stocks until now, thereby gaining huge profits, this kind of persistence is not something that many people can do.
After reaching his own conclusion, Wu Peng couldn't help but sigh: "The big picture is much better than those big fund managers who frequently adjust their portfolios."
"Alright, alright, stop bragging. Brother Peng can give Xiao Wang and the others some guidance if he has time, especially Yin Zhijie. I think the short-term risks are still relatively high, so you can reduce your positions if necessary."
"Okay, no problem, I'll listen to you, Mr. Gu."
"That's fine, pack up and go home. By the way, everyone understands the confidentiality agreement. The holdings of the two funds are only known to us in the trading room. Everyone should be clear about this, right?"
Then, Gu Junhao continued, "Everyone should know the rules of the industry. I won't care whether your relatives speculate in stocks or not, but I hope to avoid the stocks currently held by our fund as much as possible. I hope everyone can understand this."
Gu Junhao's words were not groundless. With the continued popularity of the Shanghai and Shenzhen stock markets, more and more people were paying attention to stocks. Even some clients in the fund had privately asked him about .
There were also many people who asked Zhang Yiru and even Li Xinyu for information, and some even asked them to recommend stocks. All of this indicated that the stock market was booming.
Driven by interests, it is difficult for most people to restrain their desires. As a popular fund manager, how to avoid violations is actually a very headache.
Gu Junhao brought it up so formally, even mentioning the confidentiality agreement, which shocked the five people, especially Cao Wenxun.
Seeing that everyone was a little nervous, Gu Junhao also smiled and said, "Don't be nervous. The market is hot and it is understandable that ordinary people want to enter the market. As practitioners, you are definitely unavoidable. Just stick to your professional ethics."
Then, Gu Junhao said, "If it is unavoidable, you can recommend them to buy Maotai. There will be no problem with the ticket."
Gu Junhao's words made everyone laugh. There was definitely no problem with Maotai Group's performance, but many people could not afford its overly high stock price and its ups and downs.
Maotai's lowest share price this year was around 120 yuan, while the highest was around 180 yuan. The current share price remains at around 160 yuan, which is only about 10% away from its high point this year.
At this moment, recommending Maotai to others may be a way of rejection for friends and relatives with less funds.
"Well, that's good. The answer is Maotai, haha." Wu Peng laughed first.
"Don't laugh, I'm serious. At the current price, there's no problem holding it for ten years, so don't worry about losing money. I've also recommended it to my friends." Gu Junhao said with a smile.
Maotai is currently priced around 160 yuan. In Gu Junhao's opinion, from the perspective of long-term investment, it is simply a bargain. After Tong Huashun clears out its holdings, Gu Junhao will have to allocate himself some stocks of leading liquor companies, including Maotai.
Although the timeline for recommending Maotai is a bit too long, it is cheap, and with the current share price, one can remain fearless even in a stock market crash.
Today, Wednesday, six new stocks were listed. The issuance of new stocks is getting faster and faster, and the trend of new stocks throughout 2014 is still continuing.
Both the Shanghai and Shenzhen stock markets opened higher. After trading officially began, the Shanghai Composite Index surged upward and closed at 2786.50 points at 9:35, up 0.83% on the day.
The ChiNext Index opened high and then fell rapidly. The fluctuations in the two markets were extremely intense. The securities sector still led the gains in the two markets. Today, banks and insurance companies pulled back, and were replaced by real estate, coal and other sectors.
Yinzhijie, which pulled back yesterday, opened with a drop of 2.82% in the morning trading. Just like the rapid decline of the ChiNext Index, Yinzhijie fell by 6% within five minutes of trading in the morning. The adjustment was also very intense.
At 9:40, the Shanghai Composite Index, which had risen rapidly, fell back, and the ChiNext Index fell by 0.7%. Yinzhijie closed at 42.80 yuan, with a share price drop of more than 7%.
"See? This is how high-priced stocks fluctuate. It can scare a lot of people in 10 minutes." Gu Junhao said to Wang Ruoyu. Recently, Wang Ruoyu's main operation has been Yin Zhijie.
Since the daily limit on November 17, Yinzhijie's intraday volatility has remained above 5%. During several trading days, the volatility exceeded 10% at one point. Compared with the stability of Dongfang Wealth, Yinzhijie's high-level volatility is much more stimulating.
However, Yinzhijie has not seen any increase in trading volume so far. Since the start of the rally, the day with the highest trading volume was still 297 million yuan on November 11, and the turnover rate has also remained at a certain level.
The market control can be said to be very serious. So far, among all the stocks held, only Yin Zhijie has not yet achieved a large volume. Judging from the turnover rate, the main players in the market have serious market control, which is also one of the factors affecting the entry of off-market funds.
At 10 o'clock, the ChiNext Index was at 1541.53 points, down 1.53%. During the half-hour period of volatility in the morning, its lowest point remained at 1540.42 points, and it retreated more than 25 points during the day.
The Shanghai Composite Index continued to maintain its trend of wide openings and closings. After a pullback at 9:40, the Shanghai Composite Index rose violently after falling back to around 2775 points. At 9:53, the stock index broke through 2800 points to 2815.89 points, up 1.89%.
As the most difficult index to pull up in the two markets, it rose violently by more than 1.5% in a short period of time. The intraday chart moved like small and medium-sized start-up stocks. However, after seven minutes of trading, the stock index fell back below 2,800 points.
It took three trading days to move from 2600 points to 2700 points, while it only took 23 minutes to move from 2700 points to 2800 points. This shows the degree of violence.
"It's about time to buy some. The ChiNext and Yinzhijie should be stable, but remember to T out when the time comes."
After half an hour of trading, looking at the gradually stabilizing trend of the ChiNext Index and Yinzhijie, Gu Junhao said to Wang Ruoyu that adjustments in a bull market often occur within a day.
The ChiNext Index, which fell so fast in the morning, is now oscillating between the 10-day line of the daily trend. Sentimentally speaking, it is still relatively good. It is actually .
The performances of the heavyweight stocks made the index look very crazy. During the morning trading, the Shanghai Composite Index rose by more than 2% and the Shenzhen Component Index rose by more than 4%. However, the ChiNext Index looked much bleaker, with the index fluctuating back and forth within a drop of about 1.5%.
Tonghuashun, which had been strong for several days, opened today with a sharp drop of 3.19% amid obvious stagflation yesterday. The intraday decline once reached 5%, but the volatility was still very intense.
At 10 o'clock, while the ChiNext Index plummeted, Tonghuashun once again rose against the index, with its share price rising from a low of 57 yuan to a high of 62.49 yuan, an increase of more than 9%.
However, judging from the trading volume, Tonghuashun's stock price rose without volume during this period, and the volume was much less than that at the opening. However, there was quite a lot of funds that dumped the stock after the rise.
At 10:50, Tonghuashun, whose trading volume had obviously shrunk, began to fall rapidly. Its share price once fell from a rise of more than 3.5% to a fall of more than 2.5%. At midday close, Tonghuashun closed at 59.30 yuan, down 1.17%.
As the two stock markets fluctuated sharply today, the number of declining stocks began to increase significantly compared with the previous few trading days. This was mainly concentrated in small and medium-sized start-up stocks. Among the small and medium-sized start-up stocks, especially the high-priced stocks, there was a general obvious correction.
In terms of sectors, the sectors with the largest increases are still securities, real estate, media, aerospace and other sectors. The most noteworthy thing today is that there are stocks in the Shanghai Stock Exchange that have hit the daily limit except for the ST sector.
In the early trading, Tonghua Dongbao's stock price, which had been rising continuously in recent months, fell in large volume against the index without any negative news. At 11 o'clock, it was completely blocked above the lower limit.
By the morning closing stage, there were more and more orders on the limit-down board. The emergence of limit-down stocks is very worthy of attention, indicating that some funds have diverged from the market direction.
Of course, it cannot be ruled out that this stock has some potential to explode, and the funds in the market may even run away by means of limit down. Since he is not familiar with this stock, Gu Junhao dare not jump to conclusions.
