Chapter 356: Weak rebound, continued bottoming out
Hearing that her new job content was to self-operate and hold Tianqili Industry, Liu Tingting said with a smile: "Then my working hours will be more flexible, haha."
Currently, Junshi has abundant cash flow and no performance pressure in its proprietary trading. It can hold stocks with a market value of hundreds of millions and remain as stable as a mountain for a long time, which is not common among many institutions.
"No problem. The New Year is coming soon anyway. You can arrange your time freely. Also, please keep an eye on Longji Shares for me. Tell me if the stock price falls below 11 yuan." Gu Junhao said with a smile.
"Okay, no problem. Boss, do you want to increase your position?" Liu Tingting responded.
"Well, let's add some depending on the situation. We'll talk about it when the time comes. If it reaches that point, just tell me. If it doesn't fall below 11, then don't worry about it."
As for why he did not hand over his personal account directly to Liu Tingting for operation, this is obviously inappropriate and non-compliant. It is okay to ask her to help him keep an eye on the stock price trend, but it is definitely not okay to let her directly operate the account.
Gu Junhao currently has more than 100 million yuan in personal cash flow. In addition to a portion of it used to purchase bank financial products and the payment for his last house purchase, a large portion of the cash is just lying in the account earning interest.
A large portion of this capital can also be withdrawn and re-entered the stock market. If Longji shares continue to adjust to his desired position, Gu Junhao plans to use another portion of the funds to increase his total shareholding to more than 1.5%.
The specific purchase amount should be around 30 million. At present, 30 million is his own idle assets.
Although the returns from Mi stocks may be higher, it is relatively safer to invest your own funds in A shares. After all, the company’s proprietary trading account is already prepared to buy in large quantities.
As of last Friday's close, Nvidia had fallen to around US$27, a drop of more than 20% compared to its high of more than US$33.
After half a month of adjustment, Nvidia's stock price has not stabilized, which is rare in recent years. In January, it was not only A-share investors who were hurt.
Today, the market trend after breaking the low of 2850 was relatively stable. There was no panic trading in A-shares, and as the sentiment stabilized, it once hit the five-day line of 2958 points during the session.
A shares finally closed up 0.44% for the day, and the index returned to above 2,900 points. However, the trading volume of the Shanghai Composite Index today shrank to below 200 billion yuan, with only 173.6 billion yuan traded for the whole day.
Excluding the transactions on the informal closing day of the circuit breaker on the 7th of this month, the trading volume of 170 billion yuan has recovered to the level of September 2014 when the bull market started.
From the perspective of volume, the trading volume of the Shanghai and Shenzhen stock markets was close to the true bottom when they fell back to 2850 points.
When the index and stock price show continuous decline, the trading volume shrinks to an extreme range, and the bottoming signal has officially appeared.
At this time, if investors have a low position, they can start to build a position tentatively. However, if they are fully invested and trapped, under this position, they should be more patient and wait for the upcoming rebound.
On January 19, the Shanghai and Shenzhen stock markets continued their low opening and rebound from the previous trading day. In the afternoon, the market began to gradually warm up.
Influenced by the recovery of investment sentiment in the afternoon, trading volumes in both markets increased today. The Shanghai Composite Index's trading volume exceeded 220 billion yuan, surging 3% to break through 3,000 points.
The rebound from the oversold bottom continued in the first two trading days of this week. Today's rebound can be considered a good rebound, but it is just a rebound.
Gu Junhao has already assigned the specific task of building a position for Junshi No. 2. From now until the Chinese New Year, fund managers do not need to pay too much attention to it and can leave everything to the traders.
Starting today, Gu Junhao no longer had to go to the trading room. However, when it was almost time to get off work in the afternoon, Wang Ruoyu and Guo Yunlin unexpectedly appeared in Gu Junhao's office.
"Boss, Keheng shares announced a suspension of trading." Wang Ruoyu said with a smile. The boss had said before that the most annoying thing was the suspension of stocks, even if it was good news, he would be unhappy.
However, Guo Yunlin was a little depressed. Although his position in Keheng's stock price had been established after six or seven trading days of buying, according to Gu Junhao's opinion, the buying funds should not exceed 120 million yuan.
Over the past six or seven trading days, Guo Yunlin spent more than 117 million yuan to buy 48,000 shares of Keheng shares at an average price of around 24.40 yuan, which means he has officially completed his position. Now it is his turn to officially make his mark.
Unexpectedly, the stock was suspended at the close of today, which was really surprising. The reason given was nothing more than the so-called major restructuring and acquisition. In order to prevent the risk of related transactions, the company applied to the Shenzhen Stock Exchange for a suspension of trading.
"Uh, it's suspended?" Gu Junhao was a little surprised when he heard that. Looking at Guo Yunlin's depressed expression, he didn't know what to say. To be honest, he was indeed unlucky.
"How is the position building going?" Gu Junhao then looked at Guo Yunlin and said.
"The position has been established, but there is no trading. This kind of suspension of trading due to major asset restructuring will probably not last for just one or two days. I'm a little depressed." Guo Yunlin said with a smile.
Gu Junhao held his forehead, feeling a little depressed. To be honest, he missed 641 a little bit. This situation of indefinite suspension was only rectified after he became the village chief. Calculating the time, he should be taking office soon, which should be not long after the New Year.
Someone has to be responsible for the circuit breaker. After 641 took office, until 2022 before his rebirth, the chaos of suspension of trading in the A-share market was greatly rectified. This is one of the few positive things he left for the A-share market.
After thinking for a while, Gu Junhao said to Guo Yunlin, "How about this? I'll give you 20 million yuan to use freely. It's up to you whether you want to do short-term or medium- to long-term investment. Profits will be counted as your KPI, and losses will be counted as the company's. We'll talk about the details after the new year."
At this moment, Gu Junhao had no alternative stocks to fill in. To be honest, this was also his own mistake. Knowing that the current A-share suspension chaos still existed, he still forgot to select alternative stocks.
Nowadays, every trader cannot guarantee the basic base for trading a stock, and for the time being he can only use the previous method used to trick Xu Jianqing to deal with it for a while.
It seems that we will have to select another batch of stocks as a backup stock pool after the new year.
Gu Junhao's arrangement made Guo Yunlin stunned for a moment, but he quickly reacted: "Ah? That's great, thank you, Mr. Gu."
Previously, his previous fund mainly focused on short-term trading and small and medium-sized growth stocks. Among the positions he established this time, the total market value of Keheng shares was the smallest, which was most in line with his wishes, so he took the initiative to apply for it .
Gu Junhao's arrangement was exactly what he wanted. The capital quota of 20 million yuan was fully sufficient to support short-term trading in the current market with low trading volume. As for short-term trading, judging from the rebound of small and medium-sized enterprises in the past two trading days, there were still many opportunities.
"As long as you don't object, then let's do it this way for now. I'll find a chance to select stocks again after the new year. Just build up a position for Keheng, and I won't worry about it anymore." Gu Junhao nodded.
"No objection, no objection, I just like to invest in small and medium-sized start-up stocks. Thank you, Mr. Gu. I won't bother you anymore. I'm going to get off work first."
"Well, go ahead. Ruoyu, you should go back too."
"Okay, boss."
After today's trading ends, there will be only 13 trading days for A-shares before New Year's Eve. After a large number of positions have been built, one more or one less stock will not have much impact on Junshi No. 2.
The trading in the next three days of this week remained calm. The Shanghai Composite Index was under heavy pressure at the 3,000-point mark. The stock index fought around the integer marks of 2,900 and 3,000 for three consecutive trading days. In the end, the bears defeated the bulls.
However, the Shanghai Composite Index, which had fallen for three consecutive weeks, closed up 0.54% this week. However, with the decline in global stock markets and the continued rise in crude oil and commodity prices, the capital market suffered a round of cold winter.
There are major influences such as unstable exchange rate, great downward pressure on the economy and the spread of pessimism in the A-share market. In addition, from a technical point of view, although the selling pressure from above has decreased this week and the MACD green column has shortened, it is far from forming a golden cross effect, and the trend is still not ideal.
The market is still in the process of bottoming out, and investors still have to endure the torment of this bottoming out process.
Over the weekend, Baofeng Magic Mirror, an equipment manufacturer under Baofeng Technology, the 2015 "hot stock", announced that it had received a second round of financing of 230 million RMB. The primary market really has no shortage of money at the moment.
A pair of broken glasses can raise 230 million yuan in financing, which shows how crazy it is. The so-called virtual reality is just a concept at this stage, but with such a concept, manufacturers can raise enough cash by making a few samples.
In his previous life in 2015, Gu Junhao also hyped this concept and bought a listed company called Hanma Industry at that time. During the rebound in 2015, the stock price did hit several boards. However, after the company was renamed, its stock price entered a period of stagnation for a long time.
After the name change, the performance of the virtual reality sector was also very average. However, looking at the A-share listed companies, their stock price trends were very average for a long time after the name change, even a strong company like CRRC.
Before the name change, CSR and CSR were moving forward courageously. Even after the stock price peaked and fell, it still rebounded in the second wave. However, after the official name change, the performance was much worse than before.
There is also Longji shares currently held in Gu Junhao's personal account. After the brainless name change in 2022, the stock price has completely entered a unilateral downward trend, with no rebound at all.
The same is true for Xiaokang Shares, a big bull stock from 2020 to 2022, which completely fell into the trap after the name change; sometimes, in Gu Junhao's view, this has already fallen into the category of evil spirits, and it can no longer be explained by more than just the decline of the industry cycle.
