Chapter 305 A Day of Great Harvest
Thursday, April 16, 2015.
After experiencing a sharp drop yesterday, the Shanghai and Shenzhen stock markets are seeing the first day of trading of two major killer stocks today, and the market performance is attracting great attention.
At 9:25, the call auction ended and the three major indexes of the Shanghai and Shenzhen stock markets all opened lower. The Shanghai Composite Index opened at 4055.92 points. The index gapped down and fell below the five-day line support level.
The ChiNext Index opened at 2420.93 points, breaking through the five-day line and the 10-day line. The index was on the verge of the 20-day line support. The three major indexes jumped downward at the same time, causing panic in the market.
In terms of hot stocks, Tonghuashun, whose share price hit a historical high of 160.29 yuan, has been adjusted for two consecutive trading days. It closed at the limit down yesterday and opened lower again today.
Zhongguo Jiaojian, which Gu Junhao believed was reaching its peak, followed the market and gapped down, opening more than 5% lower at 20.01 yuan. Wuliangye, in which Junshi No. 1 had built a position, saw its share price rise to 24.78 yuan after several trading days. Wuliangye opened flat today.
On the first trading day after the resumption of trading of GEM star stock Dongfang Fortune, like CNR and CSR, the stock price, as expected, hit the daily limit during the call auction, with the share price closing at 32.36 yuan.
The daily limit rise of Dongfang Wealth brought a total of 41.16 million yuan in intraday profits to the two Junshi funds. The total market value of Dongfang Wealth held by the two funds reached 453 million yuan.
The star stocks in the two cities, Zhongguo CNR, were not afraid of the market trend and continued to jump up to open at 31.44 yuan. The share price soared by 6.03%. The transaction volume in the call auction stage exceeded 180,000 lots, and the popularity remained.
However, Zhongguo No. 1 Heavy Industry, another Chinese-character stock in Junshi No. 2's holdings, unexpectedly saw unusual movements today, with its share price jumping up to open at 6.85 yuan, up 4.42%.
The performance of the three Chinese-character stocks at the opening made Gu Junhao feel relieved. It seemed that his previous judgment was correct. It was still the same old routine. The signal that Zhongguo Jiaojian had reached its peak was already quite obvious.
Use the popularity of CNR and CSR to attract market attention, and at the same time push up relatively low-priced stocks with smaller capital such as Zhongzhong First Heavy Industries to continue to increase popularity, and at the same time ship out large stocks.
After a brief thought, Gu Junhao decided: "Let's ignore Jiaojian for now and see how CSR and the market perform."
At 9:30, official trading began. The Shanghai and Shenzhen stock markets opened low and fluctuated downward. Except for stocks like Dongfang Fortune that were firmly closed at the upper limit with major positive news, the rest fluctuated downward.
Zhongguo Communications Construction Co., Ltd. fell nearly 8% at one point. CSR, which had the highest market popularity, had the shortest decline. Within one minute, CSR opened at a low of 30.84 yuan, and the trading price subsequently fluctuated frequently.
The influx of more than 1.3 billion yuan of funds pushed up the stock price rapidly. Five minutes later, CSR's share price was 32.34 yuan, up 9.07%. At the same time, Zhongguo First Heavy Industries also rose rapidly.
The Belt and Road sector launched a vigorous counterattack , and the Shanghai Composite Index quickly pulled up after reaching 4031.24 points in just five minutes. At the same time, the small and medium-sized start-up sectors formed a resonant trend with the broader market, and the ChiNext Index also rose sharply simultaneously.
At 9:38, both CNR and CSR hit their daily limit again, with CNR and CSR closing at 32.62 yuan, triggering a market carnival. Through the order scheduling software, Gu Junhao discovered that countless small and medium-sized orders were queued above the daily limit of CNR.
Among these countless small and medium-sized orders, there are a large number of those pursuing leading strategies as well as new entrants who know nothing. You should know that the market has now called out 50 yuan for CSR, which is 10 times the expectation.
At 9:45, Zhongguo First Heavy Industries opened high and then fell, then strongly hit the daily limit. Affected by the sector, the share price of Zhongguo Communications Construction, which opened sharply lower, also fluctuated by nearly 11%. At this time, it rose to 21.66 yuan, an increase of nearly 3%.
At this moment, Gu Junhao suddenly said to Wu Peng: "Clear the warehouse of Zhongguo Jiaojian."
Wu Peng, who was enjoying the rally, was stunned when he heard this and couldn't help asking, "Clear the warehouse?"
"Yes, clear all 200,000 lots, right now!" Gu Junhao continued, staring at the big screen. Zhongguo No. 1 Heavy Industry, which had hit the daily limit, was quickly smashed, and Zhongguo Communications Construction was also in the process of falling back.
"But I bought 30,000 lots this morning to do T." Wu Peng said, but his hands did not stop. He sold a large number of Zhongguo Communications Construction shares according to Gu Junhao's instructions. At this time, the share price of Communications Construction had fallen to 21.50 yuan.
"Just continue selling these 30,000 lots tomorrow." Gu Junhao said with a smile.
In fact, after the big drop in the morning, Gu Junhao had no plans to clear out his inventory today. After all, no matter how high the stock price reaches, there will be a second peak. Clearing out the inventory by a big drop during the day seems to be a bit of a disadvantage, not to mention that the magic car is still in the process of rising.
However, since the rebound is so big, there is nothing wrong with clearing out stocks that have peaked in advance. The price of around 21 yuan is already a very good price. After all, Zhongguo Jiaojian's initial cost of building a position was around 6 yuan. The profit at this time is as high as 3.5 times.
Wu Peng didn't understand Gu Junhao's specific intentions, but as a mature trader, he followed the fund manager's orders well and cleared all his positions with all his strength, finally completing the liquidation successfully at a price above 21 yuan.
At the price of 21.50 yuan, Wu Peng sold a total of more than 100 million yuan. His hand speed was much faster than Xu Jianqing and others. With Wu Peng's large-scale selling, Zhongguo Jiaojian sold more than 400 million yuan in a short period of time. Even the market with huge trading volume could not bear it.
At 10 o'clock, the share price of Zhongguo Jiaojian was 20.78 yuan, down 1.33%. The share price was still declining. At the same time, Zhongguo First Heavy Industries had re-closed the board, and there was no sign of a break after this time.
After turning positive, the Shanghai and Shenzhen indices continued to maintain an upward trend. At 10:05, the Shanghai Composite Index once again stood above 4100 points. The ChiNext Index rose more rapidly under the support of the 20-day line. At this moment, the stock index was at 2485.99 points, up 1.81%.
Tonghuashun has also successfully turned positive. After the Shanghai and Shenzhen stock markets opened sharply lower, they have shown a trend of gradually stabilizing as the weights have increased. The main funds in the market are above 4,000 points, and they are very aggressive whether it is selling or washing the market.
At 10:30, the ChiNext Index broke through 2,500 points. After the Belt and Road Initiative sector hit the daily limit in a large area, the daily limit of the Shanghai Composite Index was delayed. The performance of the three major financial sectors was relatively general today, but the liquor sector, another large weight, performed relatively well.
Wuliangye's stock price rose by more than 3% at this time. For this reason, Wu Peng, who had just completed liquidation, asked Gu Junhao whether he should put the large amount of funds he had just liquidated into Wuliangye. Gu Junhao was somewhat tempted.
However, after thinking about it, I decided to give up. There are plenty of opportunities to buy in the bull market and there is no need to chase the rise.
"Mr. Gu, why do you suddenly want to sell off your Jiaojian stocks?" At this time, Cao Wenxun, who was trading leisurely, also asked Gu Junhao curiously. Today, the performance of Yellow River Securities was average. It only turned positive at this moment, and it was far behind the index.
At the same time, the share price of Huanghe Securities still remains at around 16 yuan, which is much inferior to Xibu Securities, which is held by Junshi No. 1. After a round of sharp rise, the share price of Xibu Securities has reached around 60 yuan today, and the trend is amazing.
"It's a sudden decision. You will find an opportunity to liquidate your position in Yellow River Securities later, so you have to be careful when doing T later and don't buy too much." Gu Junhao said to Cao Wenxun.
"Oh, okay." Hearing Gu Junhao's words, Cao Wenxun was obviously stunned. It seems that Mr. Gu is not optimistic about the overall market.
Judging from a series of recent holdings, whether it is the China-cap stocks or the brokerage sector, the trend of stocks with larger market capitalizations reaching their peak first is very obvious, and the situation of high volume and stagflation is very serious. Once the trading volume cannot keep up with the subsequent deleveraging, the trend of these super large-cap stocks will be worrying.
However, today's event is considered a large-scale liquidation, so there is no need to sell Yellow River Securities anymore. Selling too much in one day is not a good idea and will easily attract attention.
At 11 o'clock in the morning, the liquor sector moved unusually, and Wuliangye rose rapidly . Within 15 minutes, the stock price rose from 4% to the upper limit of 27.26 yuan. Such a large increase caused Wu Peng to sigh repeatedly.
"You can also earn 6% if you follow suit." Wu Peng said with some regret.
"It's okay. There are plenty of opportunities to make money. Don't worry." Gu Junhao said with a smile.
The Shanghai Composite Index continued to rise due to the influence of the liquor sector, and the small and medium-sized start-up sectors were not far behind. The ChiNext Index once rose to 2532.31 points, with the maximum increase of more than 3.5%. The amplitude in the morning was as high as 5.1%.
At the midday closing, countless stocks hit the daily limit, making investors celebrate.
In the afternoon, affected by the emotional climax in the morning, the ChiNext Index began to fall slowly, while the Shanghai Composite Index maintained a trend of high-level fluctuations; after a full day of trading, the Shanghai Composite Index finally closed at 4194.82 points with a gain of 2.71%, close to 4200 points.
The ChiNext Index was suppressed by the five-day line and plunged to 2484.33 points in the afternoon, up 1.74%. Tonghuashun ended two trading days of correction and its share price closed at 139.90 yuan, up 3.03%.
Dongfang Fortune hit the daily limit today, with a daily turnover of only 32.97 million yuan. CSR once again saw a sharp drop in volume by 4 billion yuan, with its share price hitting the daily limit for four consecutive days.
As for Zhongguo No. 1 Heavy Industry, which had an unusual movement today and hit the daily limit, its trading volume only increased by 200 million yuan compared with yesterday, and its trend is just starting up.
As for Wuliangye, as the index fluctuated and fell in the afternoon, Wuliangye also opened the daily limit price during this process. The stock price closed at 27.05 yuan, up 9.16%. Today's trading volume expanded to 4.82 billion yuan.
Since Junshi No. 1 established a position in Wuliangye before the Qingming Festival, its return has reached 16.59%, with a floating profit of more than 25 million yuan. Today is a memorable day for Junshi's series of holdings.
Among the stocks held, two hit the daily limit, one was close to the daily limit, and Zhongguo Jiaojian, which was liquidated, was also sold at a high price. After Zhongguo Jiaojian hit a high, a large amount of funds fled, and the stock price finally closed at 20.38 yuan, down 3.23% on the day.
However, today's final transaction of 5.01 billion yuan by Zhongguo Jiaojian was significantly reduced by nearly 3 billion yuan compared with yesterday. Among the transaction volume of 5.01 billion yuan, a large number of funds fled. Gu Junhao alone accounted for more than 8% of the total transaction, with a net outflow of more than 360 million yuan.
The two brokerage stocks did not participate in the thrilling rebound today, and each closed with a false positive line. The share price of Xibu Securities closed at 59.50 yuan, down 0.5% on the day, and the share price of Huanghe Securities closed at 16.57 yuan, down 0.18% on the day.
