Chapter 330: Earning 1.1 Billion
Hot money has been the most active group in this week's trading. Countless small and medium-sized growth stocks have been activated by hot money, which has also activated ordinary retail investors who had been waiting to see the market.
The group of hot money is still very effective in boosting market sentiment. If there is no active hot money in A-shares, trading will be lifeless, although most ordinary investors are accustomed to scolding .
But the body is still very honest. Once hot money starts trading on a large scale, even the previously agreed short positions will be ignored, and it is normal to rush into the market again to trade.
This is also the reason why there are often a series of stocks such as monster stocks and stocks with very high gains in a short period of time in the market. As for the management of hot money, except for extreme managers like 641, most of them will be relatively loose during market downturns.
If the market is unusually sluggish for a period of time and retail investors have no enthusiasm for trading, then a stock appears to rise sharply and the number of daily limit increases exceeds the previous level, management will generally tend to turn a blind eye and will most likely not suspend trading as long as you don't go too far.
Even under a registration system, this situation will occur, and this is the case in the policy market.
On October 19, as GDP in the third quarter hit a six-year low, the performance of some cyclical industry stocks in the Shanghai Stock Exchange will inevitably be affected to a certain extent.
However, the performance of small and medium-sized stocks on the ChiNext, such as Tong Huashun, has generally increased significantly. In comparison, the Shanghai Composite Index and the ChiNext Index began to diverge.
Most investors actually do not have enough understanding of the three major indexes and some other indexes. For example, the current ChiNext Index's weight comes more from weighted stocks such as Dongfang Wealth, Wenshi Holdings, Leshi.com, Aier Eye Hospital, Haikang Weishi, and Zhanqu Technology.
The industries in which these stocks are concentrated are Internet finance, games, biopharmaceuticals, etc. The rise in the index also means that the growth rate of these industry sectors will be higher than that of general miscellaneous sectors.
Today's ChiNext can be regarded as a gathering place for all flowers. Although there are many junk stocks, compared with later generations, there are still many high-quality small and medium-sized growth companies.
As time went by, after Ningwang went public, the GEM was basically concentrated in the new energy and biopharmaceutical sectors. At its peak, Ningwang alone accounted for 20% of the GEM's weight.
The subsequent surge in the ChiNext basically means the booming new energy market, while the Science and Technology Innovation Board and Science and Technology Innovation 50 that were listed after 2019 represent the trend of semiconductors and a small part of new energy.
If the semiconductor sector surges one day, the Science and Technology Innovation 50 sector will also see a good increase.
The Shanghai Composite Index is the stronghold of central enterprises and state-owned enterprises, and is mainly composed of stocks of traditional industries represented by banks, securities companies, telecommunications operators, and petroleum and petrochemicals, coal mining, infrastructure projects, etc.
Among them, the majority are stocks with Chinese characters in their names. Various stocks with Chinese characters in their names that you can name are basically concentrated in the Shanghai Composite Index.
As for the SSE 50, which is a sub-group of the Shanghai Composite Index, it is easy to understand. The SSE 50 refers to the 50 giant companies in this series of stocks.
The core forces of the Shanghai Composite Index are mostly banks, securities companies, insurance companies, etc. Later, the most important stock in the Shanghai Composite 50 was Maotai Liquor Industry.
At its peak, Maotai Liquor Industry’s weight in the Shanghai Composite 50 Index exceeded 15%, and like Ning Wang, it influenced the trends of the two city indices.
The Shanghai Composite Index is the base camp of central enterprises and state-owned enterprises, so the Shenzhen Component Index can probably be simply understood as a private enterprise club. For example, Ning Wang, BYD, Midea, and the express delivery leader that was listed through a backdoor listing in later generations, and other well-known private enterprises in China are all under the Shenzhen Component Index.
This is also the reason why whenever institutions and ordinary investors talk about A-shares, they always mention the Shanghai Composite Index first, as its status is different from that of the Shenzhen Component Index.
If the Shanghai Composite Index represents traditional industries, then the Shenzhen Component Index represents emerging industries. The CSI 300 and CSI 500 indices are easier to understand. The CSI 300 represents large-cap stocks, and the CSI 500 represents small and medium-cap stocks.
In later generations, due to the registration system and the issuance of a large number of new shares, the index has become seriously distorted, and the management will frequently adjust the weights of shares to maintain the balance of the index, which has further increased the difficulty of stock selection for investors.
However, at present, the distortion of the index is not so serious, and the general trend can be reflected in the index; at present, the rebound in October is led by small and medium-sized enterprises, and the ChiNext Index is obviously stronger than the Shanghai Composite Index.
After the trading ended on the 19th, Tonghuashun and Teli shares once again closed at the daily limit. Tonghuashun has achieved an amazing six-day winning streak, and its share price has risen to 76.68 yuan, which is basically close to the high point in July.
The Shanghai Stock Market Gang continued to move in and out of Tonghuashun. This time, the first buyer was replaced by the Liyang Road Securities Branch, which bought more than 52.78 million yuan, while the Fushan Road Securities Branch appeared in the second selling position, with a total sales of 33.5966 million yuan.
"It has been on the board for six consecutive days. The stock price is close to 80 yuan, and the turnover rate has reached 11%. Let's sell it tomorrow." After the market closed, Gu Junhao said to Cao Wenxun after observing Tong Huashun's top picks.
Tonghuashun's stock price has more than doubled as of today in a round of rebound since September 16. Junshi No. 2's stock price has doubled based on the opening cost of 36.50 yuan, excluding intraday T trading.
Within a month, the stock price doubled. For Tong Huashun, it was just a rebound and there was nothing worth lingering on.
Although it is known that his company will not be delisted due to this stock market crash, for Tong Huashun who has not yet escaped the risk of delisting , the subsequent investigation by the China Securities Regulatory Commission is always a shadow hanging over his head.
The speculation by hot money cannot continue forever. The same goes for Home Depot. After this round is completed, Gu Junhao also does not plan to continue to make money from it.
October 20th, Tuesday, is the day when Tong Huashun will ship goods. After the call auction ended, Tong Huashun opened at 74.64 yuan, down 2.73%. After the opening, with the rebound of the two market indices, Tong Huashun stopped near yesterday's opening price of 73 yuan.
Stocks that have seen a sharp rise in hot money will often experience a sharp drop in the early trading session. Some of the hot money will sell, while some will continue to take over. There must be a profit gap, and retail investors must also be induced to buy at the bottom.
Gu Junhao wanted to sell the stocks, but there was no need to be so anxious, especially since the two markets had rebounded quite well today.
At 10 o'clock, after half an hour of volatility in the morning, Tong Huashun began to rise, and the stock price started to rise from the daily average yellow line. Ten minutes later, Tong Huashun turned positive during the day, and the stock price reached 78.45 yuan, up 2.31%.
"The volume is average, about the same as the opening volume. Start selling at a price above 78 yuan, and sell one by one according to the intraday trading volume." Gu Junhao said after looking at it.
"Okay, no problem, I'll try to sell it at a high price." Cao Wenxun also said jokingly. This kind of mindless clearance was too easy for him.
Home Depot, which had been on the upper limit for four consecutive days, suffered a large outflow today. Home Depot, which opened close to the upper limit in the morning, began to plunge sharply after 10 o'clock.
Home Depot, which had a mediocre trading volume in the morning, now saw more than 20 consecutive large sell orders, and the trading volume instantly exceeded 200 million yuan. The stock price once fell from the daily limit to -8%, which was another almost floor-to-ceiling trend.
Just like on the 24th of last month, this round of sharp drop was caught by countless large, medium and small buy orders. The popularity of Home Depot has never diminished, and there is never a shortage of buying power at this moment, even though its stock price is already above 60 yuan.
Today, the competition between bulls and bears over Home De Lisboa was extremely fierce. In just eight minutes, the share price of Home De Lisboa rose from a drop of 8% to an increase of 8.72%, with a fluctuation of more than 16%.
In the following half hour, as the short-selling force re-emerged, its stock price continued to fall from the rebound high of 64.68 yuan to 58.29 yuan, a drop of more than 10%.
The bulls launched another counterattack at this position, and the stock price rose by more than 7% again and rose by more than 5%. After that, the two sides entered a state of equal strength and began to fight around the daily average yellow line.
At 1:30 in the afternoon, the bulls began to turn from passive to active and started to counterattack. The share price of Home Depot took off from the daily moving average like a rocket, and the increase quickly rose to more than 8%.
The short side's strength was exhausted, and the long side's attacks became more and more fierce. At 14:18, Home De Lisboa shares recovered again during the day, with the share price at 65.44 yuan. The daily trading volume of up to 1.7 billion yuan, the turnover rate reaching more than 15% for the first time in this round, and the amplitude of up to 18%, all showed that this time Home De Lisboa shares once again entered the main delivery period.
After the end of the day's trading, Gu Junhao's two Shenzhen-listed stocks, Tong Huashun and Home Depot, both made it onto the Dragon and Tiger list. Home Depot's hot money turnover was active, but today there was a net outflow of 33.42 million yuan on the Dragon and Tiger list.
This is the first time that Home Depot has seen a net outflow on the Dragon and Tiger List since its resumption of trading. There are differences among the hot money in the market above this price. Whether Home Depot, which has been on the board for five consecutive days today and has experienced an all-day volatility of up to 18%, will continue to be suspended is the focus of everyone's attention after the market.
Tonghuashun's stock price fluctuated as much as 14.35% throughout the day, and its share price soared to a high of 8.4 billion yuan. However, during the closing call auction, Tonghuashun's stock price plunged by more than 7.3% at one point. As much as 130 million yuan of funds fled, Tonghuashun's stock price fell to 77.32 yuan, and it only closed up 0.83% on the day.
The huge transaction volume of 3.36 billion yuan and the long upper shadow caused by the plunge all show that Tonghuashun's current rebound has begun to show stagflation, and funds in the market have begun to diverge.
As for Gu Junhao's 60,000 shares of Tong Huashun, they were all sold out at an average price of around 79 yuan throughout the day. Cao Wenxun sold when the stock price rose, and he . The net outflow of up to 474 million yuan was also a major reason for Tong Huashun's plunge at the end of trading today.
Not surprisingly, Junshi No. 2's seat appeared in Tonghuashun's selling seat today, which was 350 million yuan higher than the second selling seat of 120 million yuan. Among the buying seats, there were still seats of the Shanghai Gang, and this time Jinbi Road led the way.
In Tonghuashun's one round of rebound, Junshi No. 2 made a total profit of 255 million yuan, which took only a little over a month, including the National Day holiday, which can be said to be a very successful outcome.
As for the hot money that takes over the shares, let them do whatever they want. I believe that those who bought at today's high prices will also make a second top trend in the future to complete the shipment.
Once again, the Shanghai Gang was conquered by Gu Junhao. It was really fate.
In the evening, the market did not receive the suspension announcement of Home De Lis Holdings, which made the participating hot money and large and small investors even more crazy. Within the following three trading days, Home De Lis Holdings once again hit three daily limit increases.
The share price of Home De Lisboa Holdings Co., Ltd. ended this week's trading with eight consecutive gains and finally closed at 87.10 yuan on October 23. It is not far from becoming a 100-yuan stock.
During these three trading days, Gu Junhao would sell a little bit of his shares every time the price reached the daily limit. In three days, he sold all of his 50,000 lots of Teli shares, with an average transaction price of around 82.50 yuan, and a total of 412 million yuan in funds were recovered, earning more than 300 million yuan.
The two Shenzhen-listed stocks made a total profit of more than 560 million yuan within about a month, fully achieving the goal of this round.
In the last week of trading this month starting on October 26, Home Depot, which had been suspended for eight consecutive days, may have been afraid of being suspended again, or perhaps due to demand for shipments, it once again experienced two limit downs.
After two limit downs, the stock price hit the limit up again, and the trend was exactly the same as after the resumption of trading. This gave the market unlimited imagination and greatly stimulated investors' enthusiasm.
On October 29, Home De Lisboa opened high and closed high again, achieving the daily limit with a shrinking volume. The stock price returned to above 80 yuan, closing at 85.37 yuan.
On October 30, the last trading day of October, Home De Lisboa Holdings did not continue its three-day winning streak as expected. The trading volume increased to 2.62 billion yuan throughout the day, the turnover rate was as high as 16.44%, the amplitude also reached 18.68%, and finally fell by 4.25%, with the stock price closing at 89 yuan.
Since the second round of the boom, the highest price of Home Depot shares has been 93.88 yuan, which perfectly echoes the high point of the first round of 51.99 yuan, and the evil taste of hot money is undoubtedly revealed.
The share price of Home Depot surged by 77.43% throughout the month. Another stock that was also liquidated, Tonghuashun, surged by 119.31% this month, reaching a high of 95.97 yuan, and finally closed at 86.65 yuan.
After the rebound this month, these two stocks will no longer appear in Gu Junhao's stock pool in the short term. Home Depot will no longer make any transactions since then, and Gu Junhao will not consider Tong Huashun before 2018.
Among the three existing holdings, Wuliangye is still suspended, Maotai finally rose 12.37% for the whole month, and its share price closed at 213.86 yuan, and Vanke A, which was fiercely contested for equity, rose 7.38% for the whole month, and its share price closed at 13.67 yuan.
The rebound in October has ended here. The overall scale of Junshi No. 2 has been fixed at nearly 3.93 billion yuan, and the net value rate has reached 7.9598, infinitely approaching the 4 billion mark.
Longji shares soared 34.75% this month, and the share price was as high as 12.33 yuan after the closing. The performance of Tianqi Liye, which has four consecutive positive monthly lines, has soared 28.28% this month, and the share price closed at 81.38 yuan.
In the four months since bottom fishing, there has been no floating loss in the proprietary trading. This stock was really beyond Gu Junhao's expectations. If he had known this earlier, he would not have participated in Home Li shares. Wouldn't it have been better for Junshi No. 2 to buy a large amount of Tianqi Liye?
This month, the three major accounts had a bumper harvest. The personal account had a monthly floating profit of 95.4 million yuan, the proprietary account had a floating profit of more than 538 million yuan, and the Junshi No. 2 Fund had a floating profit of more than 540 million yuan.
Junshi No. 2's monthly profit once again reached over 10%, with a yield of 15.94%, which is very impressive.
The total profit of the three major accounts was as high as 1.174 billion yuan, which was beyond Gu Junhao's imagination. However, what Gu Junhao could not have imagined was that in the third quarter report released by Longji Shares over the weekend, among its top ten circulating shareholders, Gu Junhao was ranked sixth, after Huijin and China Securities Finance Corporation.
Gu Junhao's large purchase of Longji shares caused a huge sensation in the market.
