Chapter 277: Depressing Fushan Road
Time passes faster and faster, just like a man over thirty; before I know it, another weekend has passed and the new year is getting closer and closer.
December 8, 2014, Monday, a new trading day has arrived. Gu Junhao still did not go to the trading room. In recent days, his main focus has been on reducing Tong Huashun's positions.
In the morning, after arriving at the company, Gu Junhao first said to Li Xinyu: "Take some time to send an email to everyone, saying that I invite all the company members to attend our engagement party on New Year's Day. It will be in the name of a company dinner. Please indicate it, and no gifts are required."
"Haha, then thank you, boss. You are so generous. I can have a feast without giving any gift. That's the best." Li Xinyu said with a smile.
"Aren't you going to give me a gift? You are my personal assistant after all. Aren't you too stingy?" Gu Junhao joked.
"Of course I can't just follow your lead. As your personal assistant, I should set an example in this regard."
"Well, whatever you say, go ahead; I have to look at the stocks."
"You are going to crash the market, right? Taogu Bar was very lively on the weekend. People said you were going to crash the hot money in it to death."
"Let them say whatever they want. I'll follow my plan." Gu Junhao curled his lips. These hot money investors are indeed a bit arrogant nowadays. Last weekend, they even asked Wang Chao to pass a message to him, asking if he could post a message to calm down his emotions or something.
Isn't this just asking myself to be a spy? Regardless of whether I am willing to be a spy or not, at least I should get some benefits. Apart from being told that they will only remember my favor, there is no benefit at all. Do they really think that Gu Junhao is young and easy to bully?
Even Wang Chao, who was responsible for delivering the message, felt embarrassed to say it out loud. Gu Junhao was not a hot money investor. The funds he operated and even his personal holdings were mainly medium- and long-term. The favors of hot money investors did not have much substantive effect.
As Wang Chao expected, Gu Junhao refused decisively. However, the guy did not say anything too harsh. He just said that he was about to get married and needed some cash to prepare for the wedding.
Since he was not in a hurry to go to the trading room, Gu Junhao did not rush to deal with company affairs in the morning. Instead, he summarized the major news of the market over the weekend. Last Friday, the stock index fluctuated so much and the sentiment fluctuated significantly, so the news over the weekend was crucial.
In terms of market news over the weekend, it is still mainly positive, which will play a certain role in stabilizing the trapped positions on Friday. However, there is no doubt that today's volatility will not be small.
At 9:25, the call auction of the two markets ended. Brokerage, banking and oil sectors opened sharply lower. The Shanghai Composite Index opened nearly 30 points lower at 2907.82 points, and the ChiNext Index opened at 1575.30 points.
Both the Shanghai and Shenzhen stock markets opened lower, with Tonghuashun closing at 62 yuan, a sharp drop of 5.61%. 880 lots were traded in the call auction.
"880 moves, interesting, haha." Gu Junhao said with a smile, even using the language of the odds.
"Fuck, it opened more than 5% lower, is Brother T so powerful?" Li Ze was watching the market at this moment. After waking up last Saturday, Li Ze saw the chat records in the group and decided to sell Tong Huashun at today's call auction, but there was no transaction just now.
"880 lots, what does this mean? Is the main force going to run away?"
"What bad luck! I bought it at the end of last Friday's trading, and I just managed to sell it. Maybe I'll have to hit the limit down today."
"Not necessarily. If it opens so low, it has to pull up a bit, right? How can it run if it doesn't pull up? Will it run away at the limit down price?"
"Who dares to pull it? Don't you dare to smash it, Brother T? By the way, what do you say, Li Kuang?"
"Of course I will sell it. Brother T has already settled the pledge. But I just placed an order but didn't sell it. I will sell it after the market opens."
"Alas, securities firms and banks also opened lower. It looks like the market has really peaked. The ChiNext Index has not fallen much, and individual stocks have also fallen terribly."
"That's great, everyone has made a lot of money this round, and Brother T has also given us some tips, so just run and it's over."
"You make the most money, of course you said that."
"Hehe, who told you to not be able to hold back and move? I would have let you play all in Tong Huashun like me, otherwise we would all be millionaires by now."
"Don't mention it. If I am given another chance, I will definitely buy all of Tonghuashun in May! But Li Kuang, you have suffered a big loss today. The opening price has dropped by nearly 100,000 yuan."
"Indeed, these speculators are really ruthless. Oh, I hope the price won't be capped at the lower limit. It shouldn't be difficult to sell it."
"What to buy after selling it? Is there a code?"
"I'm not buying anything. New Year's Day is coming soon. I plan to take a long vacation and go out for fun."
"What fun is there in this cold weather? Buying stocks is fun. Stocks are more fun."
"Young people should stop thinking about playing and buy more stocks, and contribute some stamp duty and handling fees to the stock market, which can also be regarded as a contribution to the country."
"Hahaha, you guys are just wicked. Just wait, I'll give you a big red envelope after I sell it."
"Then you have to send me a separate one. My friend went to trade the first negative of a bull stock last Friday. This is the real first negative. The allowance is -10%."
"Okay, okay, haha."
…
Time is slipping away little by little, and official trading has already begun. After the official trading of the Shanghai and Shenzhen stock markets began, the market fluctuated violently, and the free trade zones, ports, and military industry sectors became the hot spots of the day.
Affected by the low opening of the weighted stocks, part of the funds flowed into small and medium-sized start-up stocks. The ChiNext Index opened slightly lower in the morning, and after fluctuating for a few minutes, it began to move upward. The amplitude of Tonghuashun was also very sharp.
Tonghuashun opened at a low price of 62 yuan, but within less than two minutes after the opening, it rushed straight to 59 yuan under the leadership of a large order of 1,534 lots. The stock price approached the lower limit. Within two minutes, more than 15 million yuan of funds flowed out of Tonghuashun.
"Oh my god, it's so cruel. Fortunately, I reacted quickly. When I saw the big order coming out, I immediately cancelled the order and placed a lower price. I sold it at 61.70 yuan." Li Ze said with emotion as he watched Tong Huashun go straight to the limit down.
Li Ze lost more than 98,000 yuan due to the low opening in the morning. Fortunately, he sold his 26,000 shares at 61.70 yuan smoothly, and had more than 1.6 million yuan in cash in his account.
"You're quick enough. I hesitated for a moment and sold it for 60 yuan. It's a huge loss. Why didn't Brother T release the pledge a day earlier or a few days later?"
"You'll be trapped in the trap in a few days, okay? How much did you buy, brother?"
"4,000 shares, lost more than 20,000, MD."
"That's good. I ran away in time. I can't touch this force for a while."
"Millionaires are just boastful...20,000 or so is not bad, but all my profits from last month are gone."
"Hahaha, doesn't my brother always say that it's more fun to see others lose money than to make money yourself? I am feeling that way now."
"Speaking of Li Kuang, what does it feel like to be a millionaire?"
"Ah? I don't feel anything for the moment, but what you said reminds me. I have to wait until I transfer the money out tomorrow. Haha." As he spoke, Li Ze began to imagine the life after transferring the money out.
Having not planned to trade for a while, Li Ze seemed to be reluctant to leave while watching the market with everyone. After thinking for a while, he clicked on Taoguba and took screenshots of a series of delivery notes including those before operating Tonghuashun, and shared his experience with netizens on Taoguba.
…
"There was a huge sell-off in the morning, and the ChiNext rebounded. It looks like it is still preparing for another pullback. There should be a chance to sell at a higher price." In two minutes of sharp sell-off, Tong Huashun's stock price was close to the limit down, but Gu Junhao remained unmoved.
For him, he could afford even a few more limit drops, but the same could not be said for the hot money inside; Gu Junhao could roughly judge the cost line of the hot money, and with such a huge investment, it was impossible for him to return empty-handed.
Otherwise, I wouldn't have asked someone to pass a message to me on Friday. If I really wanted to sell the stocks without thinking, I would have directly hit the limit down and there would be no need to use any market language in the early trading session.
At 9:33, Tonghuashun, which was close to the limit down, did not hit the upper limit as expected. The stock price quickly rose along with the rebound of the ChiNext Index. At 9:38, Tonghuashun closed at 63.93 yuan, down 2.37%.
Within six minutes, Tong Huashun rebounded quickly to nearly 7%, and then quickly fell back to around 4%, appearing at the top of the five-minute shock board, striving to attract public attention.
The stock price fell rapidly with no volume, and then rose rapidly. Gu Junhao saw the whole process. At 9:42, Tong Huashun fell back to near the daily yellow line and moved again. Gu Junhao suddenly became playful and placed a sell order for 15,000 lots at 64.48 yuan, one yuan lower than the flat price.
Such a large sell order suddenly appeared at the 64.48 yuan price of Tong Huashun, which had bottomed out and was rising, which could not help but attract attention. At this moment, countless investors who were staring at Tong Huashun's time-sharing chart were shocked by this move.
"Haha, 15,000 lots, this must be Brother T's. Brother T is provoking the main force in the market." Li Ze, whose selling price was not good, did not feel too disappointed at this moment. On the contrary, he could watch the market calmly.
"Brother T is awesome. Getting rid of them is a relief for us."
In the trading room, Junshi No. 1 did not plan to continue trading today after reducing its positions. Wang Ruoyu and Liu Tingting were also watching Tong Huashun's intraday trend. At Xu Jianqing's suggestion, they even projected the intraday chart onto the big screen.
"Oh my god, is this the boss?" Wang Ruoyu said in shock.
"That should be it. 15,000 lots. The boss's holdings are exactly 15,500 lots. But the boss has never been so high-profile before ?" Liu Tingting couldn't say for sure.
According to the boss's previous routine, he must have sold it secretly. Such a high-profile performance today is really not in line with the boss's character.
"Haha, no matter if he's the boss or not, there's something interesting to watch."
"Damn it, this must be the guy named Gu. He is provoking us. What should we do? Should we still do it?" At this moment, the Shanghai Gang of hot money contacted other hot money in the group and sent a message to inquire.
For those who were planning to take advantage of the rebound of small and medium-sized enterprises to use part of their funds to push up Tonghuashun and seek larger shipments, Gu Junhao's move really put them in a difficult position. If they did not maintain the market, it would be very difficult to ship.
Maintaining the market situation is like making wedding dresses for others, which is somewhat unwilling. This guy has cost advantage, but we don't.
"What can we do? Just keep pulling. Let's try to sell out as small and medium-sized stocks rebound. There are so many of them anyway, and we won't be able to sell many." Fushan Lu sighed. He was quite depressed at the moment. If he had known earlier, he would have set a limit down in the early trading session. This way, he could have attracted some funds to buy at the bottom.
"This is the only way. Today, the weight stocks fell sharply, and the theme stocks are still relatively active. We will maintain the market and increase the amplitude to attract some retail investors who like to invest in small and medium-sized start-up leaders to take over."
"It's a pity that Dongfang Wealth can't form resonance, otherwise it would be much better."
"Hey, keep pulling. Let this guy get the advantage. It costs him very little."
After everyone discussed and agreed on the direction, they acted faster. Although they were indignant about having their profits worth nearly 100 million yuan plucked away by someone else, they had no choice but to accept it. At 9:47, Tonghuashun's highest price was 65.99 yuan, followed by another round of decline of more than 5%.
At 10 o'clock, the ChiNext Index, which had bottomed out, rose rapidly by more than 2%. Tonghuashun also quickly rebounded to 65 yuan as the index quickly turned positive. Among them, hot money only played a guiding role and did not invest much capital. On the contrary, there was a lot of selling energy.
During this time, Gu Junhao's orders were decreasing little by little, but he still had no intention of canceling the orders, which made Fushan Lu very impatient. It seemed that this guy was determined to do so.
If he hadn't seen that big funds were intending to flow back into the weighted sectors, Fushanlu would really want to join forces with everyone to take over his orders, push his stock price to the daily limit, and force him to sell out; as an experienced trader, he was very clear about the flow of funds.
The brokerage and insurance sectors, which opened sharply lower in the morning, are now slowly recovering, leading the Shanghai Composite Index step by step towards a turnaround. The intention of capital to flow back is very obvious, and there is no need to go against the trend at this time.
Even if you come up with this idea, not everyone will agree with it. The reason why a joint force is a joint force is that the first thing to do is to have unified thoughts. It is impossible to go against the market when everyone is looking at the pullback and seeking to sell.
"Damn it, this guy is so annoying. He didn't cancel his orders even when the ChiNext Index went from a 1.6% drop to a 1.2% surge. It's simply unreasonable." While everyone was carefully maintaining the market, they were also complaining about Gu Junhao.
During this period, Tonghuashun's stock price fluctuated between 63 yuan and 65 yuan, which was relatively stable on the market. Some people with smaller positions, such as Ren Yetao, had already sold all their goods. Gu Junhao's orders were decreasing, which also attracted their attention.
"That's right. The price they sell is better than ours. Fortunately, there are some fearless people who keep rushing in. Otherwise, it would be a bit of a headache."
"The market is rebounding, so naturally there are many people who are not afraid of death. This is the case with leading stocks. Even if they know that they will fall, there are still people who dare to rush in to buy at the bottom. Everyone should try to be slow. This time we will try to pull the price above his pending order price so that he can sell smoothly. When the time comes, we will be able to sell our stocks when there is another rebound, and we will make a lot of profit."
"Are you not afraid that this guy will come and grab food when we smash it?"
"It shouldn't be so unkind. It would be great if he really dares to come. Then we will have the cost advantage and we won't be able to kill him." Fushan Lu said confidently.
"That's true. Let him go, so he doesn't stay in there like a time bomb."
At 11 o'clock, the securities sector moved again. After several bad days, Hongyuan Securities hit the daily limit, which led to a blowout in the securities sector and the capital flow back to the weighted sectors accelerated significantly.
On the market, a series of brokerages including Xibu Securities, Guangda Securities, Yellow River Securities, and Zhaoshang Securities began to rush towards the price limit again. PetroChina opened low and ended high, with the amplitude exceeding 8% at one point.
The huge shock in the weighty sectors caused the ChiNext Index to dive rapidly. After one hour and 15 minutes of range fluctuations, big funds still favored the weighty sectors headed by securities companies, and the trend of the dive in small and medium-sized start-ups could no longer be reversed.
"Alright, that's it. We can't pull it back. Let's just take out as much as we can."
At 11:10, Tonghuashun's stock price, which lost its financial support, plummeted from 64.98 yuan to 61.59 yuan. After a brief struggle, Tonghuashun returned to above the daily average line, and its stock price closed at 63.60 yuan, down 2.87% on the day.
Throughout the morning, Tong Huashun's total transactions exceeded 700 million yuan, with an outflow of nearly 200 million yuan, which naturally included Gu Junhao's 15,000 chips. For more than an hour, Gu Junhao watched his chips being traded bit by bit.
By midday closing, 15,000 chips had brought in a total of 97.05 million yuan, with an average transaction price of 64.70 yuan, a very good price.
"It's interesting that they didn't hit me. Okay, I understand." Gu Junhao said with a smile as he looked at the 3,166 orders placed in the midday call auction.
In the last half hour of the morning trading, small and medium-sized growth stocks plummeted, while heavyweight sectors collectively rose, and funds once again completed the switch within the day; the performance in the afternoon returned to the Shanghai Stock Exchange. In addition to securities companies and banks, the three major financial institutions, insurance companies were not far behind.
Zhongguo Ping An hit the daily limit in the afternoon, and some other trust stocks also followed suit. The military industry sector hit the daily limit across the board. At 1:45 p.m., the Shanghai Composite Index successfully broke through the 3,000-point integer mark, closing at 3,001.75 points, a sharp increase of 2.18%.
The daily limit of the Shenzhen Component Index was close to 5% at one point. The hot market of the main board is still continuing, while the corresponding small and medium-sized start-up sectors are still continuing to plummet, and the ChiNext Index is close to a flat line.
Dongfang Fortune plummeted from a high point, falling from a rise of over 4% to around 1%. Yinzhijie, which barely closed in the green last Friday, rebounded to the red despite being hit by the lower limit in the early trading session, but now fell again to 50.20 yuan, with a drop of 4.73% and an amplitude of 12.49% throughout the day.
Investors who had bought in before the midday trading had already suffered a loss of 5%. Tonghuashun's stock price showed no reaction in the afternoon and began to fall, with the decline reaching 5% at this moment.
On one side, there is the hot blue-chip market, and on the other side, there is a general slump in small and medium-sized start-up stocks; traders of the two stocks in the same market feel a huge difference between what they feel.
"Fuck, the blue chip stocks are going crazy. When will it end? They are going to kill small and medium-sized start-ups."
"How can we play this game? We dare not chase the blue chips, and the small and medium-sized enterprises have plummeted. We are unwilling to sell at a loss."
At 14:15, this extreme market situation was interpreted to the extreme. The Shanghai Composite Index rose by more than 3%, and the stock index reached 30.25.52 points. The Shenzhen Component Index rose sharply, and sectors including securities, insurance, military industry and petroleum all rose sharply.
The Chinese-character stocks that performed generally last week were also not willing to lag behind today. The previous leader Zhongguo First Heavy Industries was the first to successfully close the board at this time, and the amplitude of Zhongguo First Heavy Industries throughout the day was also as high as over 14%.
Zhongguo Jiaojian, which fell more than 6% in a week last week, was also capped by huge amounts of funds during the same period. Its share price was 7.81 yuan, only 0.04 yuan away from its previous historical high of 7.85 yuan. The upward trend after the long-term rise was unusually strong.
The ChiNext Index turned green at this moment. Dongfang Wealth, which had been stable throughout the day and had the strongest resistance, also fell by more than 3%. Tonghuashun's stock price went straight to 60 yuan.
"Fuck, he said he lost money selling it this morning. Luckily he did sell it, otherwise he would have cried to death if the small and medium-sized enterprises had plummeted this afternoon."
"Hehe, I'm smart. I transferred the money out long ago. Otherwise, I would have been tempted to trade again."
"I can't trade this market. The volatility is too big, and the contrast is too great. If I were asked to chase a brokerage firm, I would definitely not do it. I'll just go short."
"Well, I'm short. I admit defeat. I can't do it anymore. Let's wait until it stabilizes. I want to see when the brokerage's price will rise to the bottom."
"The question is whether you can control your empty positions..."
"It's okay. There's a way. I'll get up in the morning and enter the password incorrectly a few times. That way I won't be able to trade."
"Haha, you are such a talented person."
At three o'clock in the afternoon, the trend of a sharp rise in the main board and a sharp fall in small and medium-sized enterprises ended. The Shanghai Composite Index rose 2.81% with a turnover of 593.48 billion yuan, the Shenzhen Component Index rose 4.84% with a turnover of 368.24 billion yuan, and the ChiNext Index fell 0.93% with a turnover of 56.64 billion yuan.
Tonghuashun closed at 59.96 yuan, down 8.43% on the day, with trading volume reduced by nearly half in the afternoon. Yinzhijie fell 6.89%, and Dongfang Fortune, which performed the most stable, plunged sharply in the late trading and also fell 4.13%. The total trading volume for the whole day exceeded 2.4 billion yuan.
The contrasting trends made Xu Jianqing scream in excitement in the trading room after the market closed, and he marveled at the boss's wisdom; today, Junshi No. 2's performance was amazing, and all three stocks except Dongfang Fortune hit their daily limit.
Junshi No. 1 also hit the daily limit of Xibu Securities. Xu Jianqing and the other two had never seen a brokerage firm that hit the daily limit for four consecutive days, and they said they had broadened their horizons.
Xu Jianqing's innocence also infected Wu Peng and Cao Wenxun. They ended the day's work with laughter. Cao Wenxun and Wu Peng drove home respectively, while Xu Jianqing went straight to Gu Junhao's office after closing the door of the trading room.
As for the series of people in the Shanghai Gang in the Shanghai Stock Exchange, they seem to be extremely unlucky. Not only do they have to work hard to push up the market, but they cannot smash them when they are selling. They even have to hope that others will not disrupt the subsequent selling process and help them maintain the market.
We have been in the stock market for so long, but we were controlled by a young boy. The feeling is really indescribable. The diving behavior of small and medium-sized enterprises today is bound to affect the future trend of Tonghuashun.
Judging from the trend of small and medium-sized enterprises today, the plunge is bound to continue. Tonghuashun will have to make certain adjustments to its future shipping methods. If the previous pull-up doesn’t work, then it can only smash it.
