Chapter 324: Earn money by luck, lose money by strength
The effect of today's rescue was very general. The Shanghai Composite Index just barely got support at 2,900 points. The ChiNext Index has not really entered the bottom stage, and there are still many stocks that have hit the daily limit.
Among all the major stock markets in the two cities, only the two market-protecting sectors of banking and insurance rose. This rescue effect is obviously not satisfactory.
According to after-hours news, rescue efforts have resumed. Zhongjin Exchange issued a notice to restrict opening positions for one month for 152 customers who opened more than 600 lots in a single day, 13 customers who cancelled orders 400 times in a single day, and 1 customer who made 5 self-trades, totaling 164 customers.
Zhongjin Exchange took decisive action in response to the previously released regulatory standards and handling procedures for abnormal trading in stock index futures, and this time the response was faster than ever before.
This is a direct blow to short selling. Facts have proved that under the collapse of confidence, administrative measures are more volatile than buying real money.
On August 27, the Shanghai Composite Index fluctuated above 2,900 points throughout the day. Although the bears wanted to make some effort after 2 o'clock in the afternoon, the strength this time was far less than before.
The Shanghai Composite Index only turned green slightly. After the stock index fell to a low of 2906.45 points, it quickly rose under the leadership of the national team. Today, the timing of the national team's action was later than in previous trading days.
The company chose to take action after 2 p.m., instead of being impatient to act like it did yesterday when the stock index fell below 2,900 points. It seemed that it had changed from being passive to taking the initiative.
Led by sectors such as banking, insurance, and liquor, the Shanghai Composite Index rose by more than 6% at the end of the trading day within just 45 minutes, and with a 5.34% increase in the day, it once again stood above 3,000 points and closed at 3,083.59 points.
The ChiNext Index also hit a low of 1843.19 today, and rebounded in the same afternoon period, also ending today's trading with a bald positive trend, surging 3.67% to re-stand above 1900 points.
Maotai and Vanke A both closed with big gains today, with Maotai soaring by 7.17%. The share price has reached 197.07 yuan, less than three yuan away from the 200 yuan mark.
On Friday, August 28, the Shanghai and Shenzhen stock markets rose again. The Shanghai Composite Index rose 4.81%, and the stock index surged from around 3,000 points to 3,232.35 points. The ChiNext Index surged 6.26% and stabilized at 2,000 points, closing at 2,082.12.
After two trading days of strong rebound, the market bottom in 2015 has gradually formed. However, it is far from the time for a quick rebound. Generally, the real bottom needs to be repeatedly consolidated.
There will be a real rebound only after the unsteady chips and the floating profit chips of large retail investors have been washed out at the bottom and the main force pulling up the market has taken up enough chips.
This process can take a few days or even several months; most retail investors cannot withstand this kind of bottom-out cleansing.
For example, Maotai Liquor Industry, although the market surged today, ended up falling by 2.24%, and its stock price fell below the 190 yuan level again. After hitting the bottom ahead of schedule and having three trading days of large positive lines, Maotai did not choose to follow the index to rush up to the 200 yuan level or even the 20-day line today, but chose to rest on the spot.
The distance from the bottom of 166 yuan to the high of 197 yuan, a rebound of more than 18%, was completed within three trading days. For blue-chip stocks with large trading volumes such as Maotai, the short-term hot line has also accumulated a lot of profits.
Choosing to rest on the spot at this time is also to allow this part of the hot money to choose to exit and participate in other stock speculation activities.
After the trading ended on August 28, there was only one trading day left this month, which was August 31. This week, Junshi No. 2 still did not announce the fund's net asset value rate as usual, which also made Gu Junhao's fans feel itchy.
However, this weekend and August 31 are the deadlines for listed companies to submit their first half performance reports, that is, semi-annual reports. The national team, the central bank and the China Securities Regulatory Commission rarely released any news this week.
Everything is left to the market. Within two days of this weekend, a total of 2,780 listed companies in the two cities announced their specific semi-annual report data. The net profit of these 2,780 companies in the first half of the year increased by 10.2% year-on-year.
Excluding banks and non-bank financial industries, net profit actually declined by 0.7%, and the growth rate of net profit remained the same compared with 2014, which is a worrying performance.
But this is normal. Generally speaking, unless there are special reasons, the companies that wait until the last few trading days to announce their semi-annual reports do not have very good performance. Companies with good performance, such as Tong Huashun and Dongfang Wealth, have already announced their performance in advance.
Tong Huashun just happened to be under investigation, otherwise according to its semi-annual report, its stock price would not have fallen so much. On Friday this week, Tong Huashun actually rebounded, with its stock price closing at 45.97 yuan, a daily increase of 6.54%.
On Monday, August 31, both the Shanghai and Shenzhen stock markets closed in the red. The Shanghai Composite Index continued the trend of banks and insurance companies supporting the market, barely holding the 3,200 point level, closing at 3,205.99 points.
The ChiNext Index plunged 4.09% in the absence of any support, falling below 2,000 points again and closing at 1,996.87 points.
Tong Huashun hit the limit down again today, and its share price closed at 41.37 yuan. The guy who saw Tong Huashun's sharp rise yesterday regretted it very much, but he is much happier today.
Although Tonghuashun’s stock price is still higher than his sell-off price, the limit-down stock price also makes him feel that his transaction is correct.
After the end of today's trading, Maotai Liquor's share price returned to above 190 yuan, closing at 195.37 yuan , and the monthly decline narrowed to 5.54%. Under a long lower shadow line, the stock price has clearly bottomed out.
The share price of Vanke A was fixed at 13.80 yuan, down 2.68% within the month. It was one of the few stocks in the Shanghai and Shenzhen stock markets that fell less than 5% in August.
As for the shares of Home De Lisboa, which he had already sold out, Gu Junhao had been observing its stock price.
As of the close of August 31, Home De Lisboa shares have not yet ended their adjustments, and today they again closed at the limit down, with the share price closing at 26.42 yuan.
Since reaching its peak on Thursday, August 13, the share price of Home Depot has nearly halved, making it worthy of the title of a "monster stock".
After the end of this month, affected by the rebound of bottom-fishing Maotai, the overall scale of Junshi No. 2 increased to 3.22143 billion yuan, and the net value rate increased to 6.4428.
Once the news was released, the market had to sigh at Gu Junhao's strength. There was nothing that could be done when the stock market crashed, but as long as the market rebounded, it would be able to rise strongly.
It doesn’t matter that he lost 60 million yuan last week, he immediately made 80 million yuan this week. This kind of trading ability is really extremely powerful.
It can be said that it will shine with a little sunshine.
It is under this circumstance that the calls for Junshi No. 2 to end its closed period as soon as possible and open for subscription are becoming increasingly strong in Beicang and the surrounding areas of Ningbo.
There is no way out. My friends are making money in the fund while I am being beaten in the market. This feeling really proves the saying among retail investors: "It is more painful to watch others make money than to lose money yourself!"
Among them, the most depressed are the customer group that left and re-entered Junshi No. 1.
After being beaten badly by the market, they realized that their profits from Junshi No. 1 were just luck. As for making money in the stock market, they did not have that ability.
Over the past month, Junshi No. 1 customers have been harassing Gu Junhao, hoping that he would open subscription for Junshi No. 2 as soon as possible, but Gu Junhao has postponed it on the grounds of company strategy.
In fact, at the beginning of liquidating Junshi No. 1, Gu Junhao had already thought that most customers would have the current result . Human greed cannot be stopped.
Although the liquidation of Junshi No. 1 was more out of consideration for the company's cash flow, Gu Junhao was not unaware of the social impact caused by creating so many millionaires at one time .
Liquidating the stocks two months earlier would allow some greedy people to return to the market and accept the market's beatings, and return part of the profits to the market. This would not be a bad thing for ordinary people.
These small bosses will become more rampant once they have money. It is better to hand over those with impure intentions to the market for a beating.
As for the open subscription for Junshi No. 2 after its expiration, Gu Junhao has no plan to accept them again. It was impossible to screen investors in the early stage of the start-up phase, and it no longer exists now.
Money earned by luck will be lost again by ability. This is the true portrayal of most people's investment career.
Although these middle-class people have their own way of doing business, they are still too inexperienced when it comes to finance and the stock market.
