Chapter 286 New Investment Direction Thinking
The speculation of concept stocks only needs a fuse to ignite, and this is especially true for small and medium-sized start-up stocks whose short selling volume was exhausted and whose prices hit the bottom yesterday. In the evening, Yinzhijie issued an announcement: its shareholding subsidiary was included in the list of the central bank's credit reporting system.
Gu Junhao knows better than many people how important credit reporting is to ordinary people. After experiencing the black swan event in 2019, credit reporting has become a topic that many ordinary people cannot avoid.
Hot money is good at chasing hot spots and will not miss such important news. In addition, small and medium-sized start-up stocks do have the need for a rebound. Not surprisingly, during the morning gathering period of Tuesday, the long position of Yinzhijie was very strong. Yinzhijie opened with a gap-up of 5.56% and quickly hit the daily limit in the morning.
Throughout the day, small and medium-sized start-up stocks performed strongly, with Tong Huashun and Dongfang Wealth both hitting their daily limit. Affected by this, the ChiNext Index surged 5.12% throughout the day, and stood firm on the 60-day moving average with a big positive line.
The ChiNext Index returned to above 1500 points, closing at 1539.83 points. As for the main board, which was full of emotions yesterday, it was not surprising that there were large fluctuations. Yesterday, both oil companies hit their daily limit, which probably scared a lot of people.
Without yesterday's performance, the main board naturally had no reason to rise sharply. The Shanghai Composite Index, which turned green several times throughout the day, barely closed in the red at the end of the trading day with a gain of only 0.03%. Yesterday he bottomed out, and today the stock rose and hit the daily limit. It has to be said that Li Ze's luck is really good.
Li Ze, who inadvertently switched from short-term trading to medium- and long-term trading, caught up with the arrival of the bull market. He is undoubtedly one of the lucky ones in the stock market. Having tasted the sweetness, Li Ze naturally would not sell Tong Huashun after a daily limit.
Li Xinyu was also very happy today. It was the first time in her life that she experienced the taste of daily limit. She was in such a good mood that she even treated Gu Junhao to a cup of coffee. In Gu Junhao's impression, Li Xinyu was quite stingy except that she was generous with money on herself.
“Isn’t this the same as when everyone in the group gave out red envelopes after the stock price hit the daily limit during the bull market?” Gu Junhao thought with some amusement, but lucky people like Li Ze are a minority after all.
You should know that the panic drop in the ChiNext yesterday morning caused many investors to cut their losses and switch to the main board; and today, seeing that the stocks they sold at a loss have soared, while the stocks they bought have performed poorly, I don’t know what to say in my heart except MMP.
The trend of switching from a 28 market to an 82 market is still continuing. Entering Wednesday, even with the support of securities companies and the rise of the two oil companies in the late trading, the Shanghai Composite Index only closed with a small increase.
The ChiNext Index also performed poorly, but small and medium-sized start-up stocks were very active, with most of the individual stocks rising. Tong Huashun and Dongfang Fortune continued to rise after hitting the daily limit, while Yin Zhijie hit the daily limit again.
The switching style of the market has been very obvious, and it became even more so on Thursday this week. Throughout the day on Thursday, the Shanghai Composite Index fell sharply, and the ChiNext Index once again stood firm on the 60-day line for the second time after falling back to the 5-day line. The rebound trend is very obvious.
On Friday, the small and medium-sized start-up sector, which showed a clear rebound trend, closed with another big increase. The ChiNext Index rose by more than 2%, with an amplitude of more than 10% in a week, and led the Shanghai Composite Index with a gain of 5.54%.
Tonghuashun's K-line closed with six consecutive quarters (false positive line on December 31), and it surged 14.77% in a week. Dongfang Wealth also surged 25.18% on a weekly basis. Yinzhijie's performance was even more exaggerated, exceeding 31.76% this week.
Although brokerage firms performed generally this week, with Xibu Securities falling 6.52% for the week, due to the sharp rise in Yinzhijie and Dongfang Wealth, Junshi No. 1's returns this week were naturally much stronger than Junshi No. 2. In addition, Zhongguo CSR, which closed at five consecutive daily limits this week, also provided more than 1.5 million yuan in returns.
After the two funds announced their performance, combined with the last performance announced at the end of the year, for those who are concerned about the net value of Junshi funds, if they still cannot see the shareholding style of the two Junshi funds at this time, it would be a bit too slow.
Junshi No. 1 focuses on small and medium-sized enterprises, while Junshi No. 2's holdings are undoubtedly mostly weighted. Judging from the sharp rise in the performance of Junshi No. 1, the holdings of these two funds must be very heavy.
All of this is in line with Gu Junhao's remarks about holding on to stocks in a bull market in a letter to investors before New Year's Day in response to market doubts. For a time, Gu Junhao's fans became more confident in holding stocks, and people like Li Ze were naturally among them.
In 2015, except for the first trading day when he went into the trading room for the whole day, Gu Junhao did not enter the trading room again in the following four days. Gu Junhao was busy with the reorganization of the fund business department and was quite busy this week.
After the reorganization, the fund business department is more like a complete financial institution. As of June this year, Junshi Capital has been operating for more than two years and can participate in offline new stock subscription.
With the formal and full implementation of the registration system, offline new stock issuance can be said to be a huge profit. After the end of this year's bull market, the market conditions are not very good. If new funds are issued, it is naturally impossible to achieve the same high returns as this year. Offline new stock issuance is an important supplement to performance.
After the reorganization, the Fund Business Department will be officially renamed the Investment Division. After the two current funds are liquidated, Junshi Capital will definitely have a large amount of cash flow. How to use this cash flow is also a difficult problem for Gu Junhao.
If you have a lot of money, it is not an easy thing to know how to spend it. Gu Junhao, who has achieved financial freedom in his past and present lives, is not a nouveau riche. He does not have much interest in the extravagant life with luxury cars and beautiful women after becoming rich.
Many people may yearn for an extravagant life, but after actually experiencing it, there is not much difference; you don’t have to be too hard on yourself after you become rich, but there is no need to be too ostentatious.
From a successful individual investor in his previous life to a popular private equity fund manager in this life, Gu Junhao wants to build a career of his own by relying on his abilities and access to information that is more advantageous than most people.
At present, the investment options that Gu Junhao can think of are nothing more than the primary market and the secondary market. For the secondary market, Gu Junhao will set up Junshi Capital's proprietary trading in a manner similar to that of securities companies.
Proprietary trading investment is not limited to stocks or even A-shares. Hong Kong stocks and even foreign stock markets led by the United States will also have great potential in the next few years. We cannot just reap the benefits of our own people in A-shares.
In this regard, Gu Junhao is able to control the overall situation himself, but as for investment in the primary market, Gu Junhao feels that he does not have much ability at present. Apart from knowing some general directions, he does not know much about specific companies in the industry.
The giants or unicorns that used to appear in the news media have already been divided up by large venture capital institutions by 2015, and it is considered very good to be able to have some scraps left for yourself.
As for the success of investing in Berning Auto Parts, outsiders think that Gu Junhao has a certain vision in the primary market , but in fact, in Gu Junhao's own opinion, this is not the case.
Investing in Berning Auto Parts was more of an attempt at the primary market and the real industry. At the beginning of the investment, Gu Junhao planned to lose all the 6 million yuan investment. The current achievement is largely due to Jiang Jianbai's personal ability.
"We're lacking a talented person who has a deep understanding of the primary market!" Gu Junhao said with some regret.
I am still the head of the reorganized investment division. I have to find a person who has a deep understanding of the primary market, especially the real economy.
Just as each department now has a full-time person in charge, Gu Junhao also hopes to have someone capable enough to lead the investment division forward step by step, so that he can be freed from specific affairs and have more control over the overall situation.
However, it is not easy to find such talented people, which is currently Gu Junhao’s biggest headache. Fortunately, the two funds have not yet reached the point of complete liquidation, and there are still a few months to slowly look for them.
In fact, in Gu Junhao's opinion, Jiang Jianbai is a good candidate. Jiang Jianbai, who graduated from a prestigious university, dares to put aside his status, dares to fight and work hard, actively seeks transformation when encountering setbacks, and dares to face opportunities when he sees them.
Personal qualities and profound knowledge are his highlights. However, Jiang Jianbai, who has been focusing on specific affairs over the years, has his limitations in terms of the overall view, not to mention that he currently has his own career.
It is naturally impossible for Jiang Jianbai to give up the Berning Auto Parts that he has worked so hard to run and join Junshi Capital to become a professional manager, unless Gu Junhao can forcibly acquire Berning Auto Parts and make it a subsidiary of Junshi Capital.
Not to mention the fact that Gu Junhao could not do such a thing as forcibly seizing someone else's business. Even if he really did it, it would inevitably cause Jiang Jianbai's disgust.
It is January 12th. The Shanghai and Shenzhen stock markets, which completed the 82 market switch last week, continued today. The Shanghai Composite Index failed to get off to a good start on Monday, falling 1.71%. The Shenzhen Component Index was also in a decline.
Before the morning closing, the heavyweight sectors fell collectively, and the Shanghai Composite Index finally lost the 10-day line support. The trend of high-level fluctuations was very obvious. It is worth mentioning that after closing with six daily limits, both CNR and CSR opened today.
The volatility of Zhongguo CSR throughout the day was nearly 10%, with a huge volume of transactions. At the end of the trading day, the total transaction volume was 9.75 billion yuan, and the stock price fell by 1.36%, closing at the integer price of 10 yuan. It was hard for Su Mingyu to imagine that a stock with such a large market cap could double in just six trading days.
However, he followed Gu Junhao's advice very well. Even though there were violent fluctuations today and the market closed in the negative, Su Mingyu still held his position. Obviously, the previous expected price of 10 yuan could no longer explain the current trend.
It is inevitable that the stock price of CNR and CSR after the merger will be revalued. In Gu Junhao's opinion, the delisting of CNR today was mainly affected by the broader market, in addition to the fact that the stock price has been trading sideways for several months and has doubled after being suspended, and in addition to the need for some funds to take profits.
The continuous single-digit board with no volume has also required Zhongguo CNR to clean up the market and shake out the warehouse. Today, taking advantage of the decline in the weight, it is a good opportunity. Gu Junhao, who knows the trend of the magic car, naturally knows that the share price of 10 yuan is not expensive for .
As for increasing holdings, Gu Junhao had never considered this aspect. The 5,000-lot holding of the magic car was also bought by Xu Jianqing unintentionally, and he just regarded it as a bull market indicator.
The weight declined, small and medium-sized enterprises were hot, and the Internet finance sector performed well again, leading a series of small and medium-sized stocks to achieve a big rise. Tonghuashun and Dongfang Wealth both hit the daily limit again.
Yinzhijie also rose by more than 2% today. Holding these three popular GEM stocks, Gu Junhao naturally does not need to invest too much energy in the magic car. Judging from the after-market Dragon and Tiger List, Tonghuashun, whose share price has returned above the 20-day line, has been bought heavily by institutions. This is a very good signal.
With the massive support from institutions today, Tong Huashun's net buying difference on the Dragon and Tiger list reached 345 million yuan, and the top five buyers accounted for more than 20% of the total transaction volume. However, the increase in Dongfang Wealth today did surprise Gu Junhao.
The Shanghai Gang, which had not been paid much attention for a while, would certainly not miss this round of rebound in small and medium-sized enterprises. Under the Internet finance sector, which is a hot sector in this round of rebound, the Shanghai Gang surprisingly did not choose Tong Huashun, but instead chose Dong Fang Wealth.
Among the top five buying seats, except for the fourth-ranked Hangzhou Qingchun Road seat which bought 63.8468 million yuan, the other seats were all joint seats of the Shanghai Gang that previously operated Tong Huashun. These four seats bought a total of more than 320 million yuan, among which the Liyang Road seat bought more than 120 million yuan, ranking first in buying.
"I don't see Fushan Road, nor is he in Tong Huashun. Is there a shadow?" What surprised Gu Junhao was that when all members of the Shanghai Gang attacked Dongfang Wealth, there was no sign of Fushan Road. He was also not on the previous list of top players of Tong Huashun and Dongfang Wealth.
This was somewhat surprising to Gu Junhao. Fushan Road had bought these two stocks in large quantities before, which once led to a surge in the prices of Tonghuashun and even Dongfang Wealth. It was impossible for him to be indifferent to this round of rebound.
Judging from the large purchases on Fushan Road, it is impossible for him to sneak in and buy low like Gu Junhao. He likes to eat alone, so every purchase he makes will definitely be a large number.
Judging from the professionalism of the hot money, Fushan Road did not appear in this round of rebound of Tonghuashun and Dongfang Wealth. Apart from the reasons other than their personal stocks, the only possibility is that they made profits or were trapped in other stocks.
However, Gu Junhao had no interest in finding Fushan Road on the Dragon and Tiger List. To him, Fushan Road was just a passer-by in his life, no different from the countless stockholders and hot money he had cut his profits from.
