Chapter 342: Sheep-pulling
It has to be said that An Bang, which chose to enter the battle at this time, was very smart. With only 5% of the equity, it was able to play a decisive role between the attacking and defending parties.
At the same time, this also made the already complicated situation of the Baowan dispute even more chaotic.
In a gambling game, as the chips on the board become bigger and bigger, both sides are almost in a state of showing their cards. At this time, both sides have entered a crazy stage of not sparing any cost. Baoneng is not short of money, and Vanke's original largest shareholder is even less short of money.
At least, that’s what the entire market thinks at present. Even though Baoneng has always been at a disadvantage in public opinion, as of now, no one thinks that Baoneng will be the loser in this battle for equity.
Vanke's small and medium shareholders actually hope that the competition can continue, at least the stock price can be raised higher and the shares in their hands can be sold at a higher price; small and medium shareholders actually have many complaints about the stock price that has been suppressed for a long time.
The power of Vanke's management, the only one in a passive position in this battle, should not be underestimated. At least now they still control the company and can influence its decisions, such as suspending the company under some name.
As Baoneng is still in the silent period after raising its stake, it is not possible to continue buying this week. Vanke, which is almost in an open position, has also attracted various funds in the market, including hot money, retail investors, and some large, medium and small institutions to enter the market to make money.
Anbang also entered a silent period at the same time. On Thursday, December 10, Vanke opened slightly higher at 19.59 yuan. As soon as the transaction started, it was hit by a large order of more than 15,000 lots. Immediately after that, more than 30,000 buy orders poured in.
In just a few tens of seconds, Vanke's trading volume exceeded 200 million yuan. The game between bulls and bears was very fierce. With large funds locked up, Vanke entered into a game between hot money, small and medium-sized institutions and retail investors.
Although the entire market is optimistic about Vanke's stock price, no one knows how high the stock price will rise. Small and medium-sized shareholders who have been locked in Vanke for a long time are even more eager to escape with huge profits, which has also led to huge differences in Vanke today.
At 9:35, unable to withstand the selling pressure, Vanke opened high and closed low, with its share price falling to 19.02 yuan, a drop of nearly 3%, touching the support level of yesterday's rise and near the five-day line.
Vanke's stock price has temporarily entered a cooling-off period, and the trading volume has dropped significantly compared to the opening. Both the bulls and the bears have entered a cooling-off period at this position.
However, the weak trading volume only applies to Vanke itself, which still maintains a trading volume of tens of millions of yuan per minute; among the trading orders, the smallest order exceeds 200 lots.
It can be said that with Vanke's share price approaching 20 yuan, the volatility is accelerating. It can be seen that retail investors who dare to participate in the game at this time all have certain strength.
At least for now, Gu Junhao has not seen a large number of retail investors entering the market, but this is understandable. When the stock price is falling, retail investors dare not buy at the bottom; on the contrary, if the stock price starts to rise, that may not be the case.
At 9:40, Vanke's share price was 19.30 yuan, and the decline was further narrowed. It has not yet fallen below the daily five-day line mark and the integer price of 19 yuan. With the increase in buying, Vanke's share price began to rebound slowly.
At 9:48, the slowly recovering stock price rose to the flat price again, and the trading volume from multiple parties began to increase. The trading volume of nearly 140 million yuan brought Vanke's stock price to 19.90 yuan, and the stock price rose by nearly 2% in an instant.
At 10 o'clock, Vanke's share price was 20 yuan, up 2.30% on the day; at a share price of 20 yuan, the market value of Junshi No. 2's holdings in Vanke has reached 1.1 billion yuan.
Calculated based on the cost of building a position, Vanke's profit at this time has reached 380 million yuan. After the rebound since the stock market crash in June, Vanke's profit can rank among the top three among the bottom-fishing stocks.
As for Tianqi Liye, which completed its share reduction yesterday, its stock price is already at the end of its strength, as Gu Junhao judged. It opened high at 174 yuan in the morning, and only rose to 176 yuan after the opening, setting a new high since the second round of rebound, and then was smashed down by more than 100 million yuan of funds.
At 10 o'clock, Tianqi Liye's share price fell by more than 3%. Just five minutes later, the decline further widened to 5.44%. The lithium concept sector also entered a collective correction today and no longer had the glory of yesterday.
It is almost a huge bald negative line. The K-line trend of Tianqi Liye is very ugly. The expansion of capital outflow and the collective pullback of the sector make it very likely to form a high-level negative-enclosing-positive K-line trend.
Tianqi Liye’s correction is inevitable, but the fact that it could rise to a high price of 176 yuan is indeed somewhat unexpected. With a stock price above 100 yuan , not many retail investors can participate.
The favorites of ordinary retail investors in the market are still some low-priced stocks, such as stocks with a large number of shareholders, most of which are stocks with relatively low stock prices. The stock prices of several well-known A-share retail investor concentration camps in the A-share market are not high.
In fact, Gu Junhao also prefers some low-priced stocks, but not those stocks worth one or two yuan. The risk of this kind of stocks is still relatively large. It is okay in a bull market. With retail investors flocking in, it is relatively easy for the stock price to rise by 50%.
However, in a bear market, this type of stock is very dangerous and may be delisted at par value.
The so-called par value delisting means that the stock price is less than one yuan for 20 consecutive trading days; at this time, the stock will be forcibly delisted by the exchange.
The so-called low-priced stocks that Gu Junhao prefers are those with a price range of 8 to 20 yuan, with relatively good company fundamentals, concepts close to the mainstream market concepts, and relatively appropriate share capital.
For example, in 2015, Longji shares established a position in the range where the equity was suitable and the price was appropriate. Even if the company's performance had not fully exploded, it could also be done in a range-band trading link. If one calmed down and operated, the probability of making a profit was still relatively high.
In fact, this type of stock can be called growth stocks. They are from emerging industries, have suitable fundamentals, and have appropriate equity and stock prices. If you hold them patiently, you will always reap rewards.
However, with the increase in the amount of funds, although Gu Junhao will have a certain layout in growth stocks, his share capital is limited after all, and he can no longer operate as before. But for investors with smaller funds, this is actually a good stock selection direction.
After a brief adjustment around 20 yuan, Vanke's stock price began to rise during the day. At 10:15, Vanke's stock price was 20.41 yuan. At 11 o'clock, the stock price was 20.78 yuan, and the intraday increase reached 6.29%.
"The amount of increase is still too small. Let's start reducing our holdings slowly today and reduce Vanke's market value to around 600 million yuan." As the trading quotes changed, Gu Junhao said to Cao Wenxun.
Based on the initial scale of 6 billion yuan, Vanke's market value of about 600 million yuan just accounts for 10% of the total funds, which is quite appropriate for the position.
Baoneng and Anbang funds are temporarily unable to trade, and the increase after 10 o'clock did not show a very obvious increase in volume. It can be seen that the former largest shareholder of Vanke has no intention of taking action. This round of increase is just a joint action of the market.
The stock price has also reached above 20 yuan, and there is no problem in taking this opportunity to gradually reduce holdings; at 10:35, Vanke's stock price surged to 21.36 yuan, an increase of more than 9%.
However, Vanke, which seems to be close to the upper limit price, has a trading volume of only 40 million yuan at this moment, and no one is willing to close the limit.
It is easy to imagine that companies like Baoneng and Anbang care about equity and do not care whether the stock price reaches the daily limit. As long as they can buy it, they will make a profit. However, institutions and hot money participating in the game are different. They care more about short-term gains.
It is even possible to drive the entire concept sector of holding a stake, while working together to boost Vanke, in order to seek better sales in other stocks; just because retail investors in the high-level game of Vanke dare not intervene does not mean that other concept sectors dare not intervene.
Vanke, which had no intention of closing the limit, saw its share price falling step by step after 10:35. At 11 o'clock, the share price was 20.50 yuan, a retreat of nearly 5%. However, the share price has not stopped falling.
In the afternoon, as the Shanghai Composite Index plunged after another failed attempt to break through 3,500 points, the divergence of funds on Vanke's board became increasingly greater; the stock price continued to decline throughout the afternoon.
At the end of the day's trading, Vanke closed at 19.54 yuan, down 0.05% on the day, with an amplitude of up to 12%, which fully reflects the behavior of off-market hot money to take advantage of the situation when large funds enter the silent investment stage.
Under the game of existing funds, market hotspots will only be limited to a certain range, and today is Thursday, so it is understandable that some funds are fleeing, including Gu Junhao.
For Vanke, Gu Junhao's principle is to reduce holdings when the stock price is above 20 yuan, and not to increase holdings unless the stock price falls to a certain level, striving to control the overall market value of Vanke's positions at around 600 million yuan.
An off-site hotline came in to fleece Vanke, and Gu Junhao did the same.
Both markets ended up closing in the red today, with Tianqi Liye falling 6.43% today. The high-level Yin-enclosing-Yang trend and the trading volume of up to 26.64 billion yuan meant that almost all the funds that entered the market yesterday flowed out.
Judging from the trends of individual stocks and indexes, although the circuit breaker after New Year’s Day amplified the market panic, judging from the performance of recent high-priced stocks, funds have actually started to run away in advance.
The real victims of the circuit breaker are retail investors. The year-end position adjustments by institutions and the rest of hot money allow them to react in advance and make better use of position adjustments to buy at the bottom.
The first company to reduce its holdings in Junshi No. 2 today was Vanke, which sold a total of 50,000 lots today, with an average transaction price above 20.50 yuan. The total sales exceeded 100 million yuan, and the profit was close to 30 million yuan compared to the initial position of increasing holdings.
This is a good short-term transaction. When the share price of Vanke reaches above 20 yuan in the future, it will still be mainly sold gradually. At the same time, Gu Junhao will also start selecting stocks and strive to complete the position as soon as possible after the circuit breaker.
On December 11, the last trading day of this week, Vanke rose 1.84% during the day to close at 19.90 yuan. The trading volume has dropped to 4 billion yuan. There was no selling of Junshi No. 2 today.
