Chapter 359: Position building completed, retracement of 0.03%.
"Nonsense, I don't believe it. And boss, have you bought the bottom of Longji shares?"
"Yes, I copied it. Let's wait and see the annual report." Gu Junhao nodded.
"Why don't you buy some more today? The stock price is quite cheap, almost reaching the price of September last year."
Today, Longji's stock price opened at 10.25 yuan and fluctuated around the opening price throughout the morning, falling to a low of 10.14 yuan and rising to a high of 10.37 yuan. The fluctuation was very small, but in terms of price, it was indeed very cheap as Liu Tingting said.
"I've bought enough. If I buy more, I won't have enough money to celebrate the New Year. So let's just leave it at that. Be content with what you have."
In the afternoon, the market, which had been relatively stable in the morning, plunged again as expected. The Shanghai Composite Index returned to the position of yesterday's long lower shadow line. However, the number of stocks that hit the daily limit today decreased significantly, with only more than 250 stocks in the two markets hitting the daily limit.
Among them, Ganfeng Lithium has a place. As the three major indexes plunged this afternoon, Ganfeng Lithium began to accelerate its decline and finally closed at 33.44 yuan. The stock price hit the limit down. The trading volume reached 775 million yuan. The limit down price of Ganfeng Lithium happened to be the final price for this position building.
With a market value of 480 million yuan, Zhang Muye eventually bought 120,000 lots of Ganfeng Lithium, keeping the cost within 40 yuan. Based on today's closing price, the loss was 19.62%.
Among all the people who opened the same positions, Zhang Muye suffered the biggest loss, which made him a little embarrassed.
Such a huge loss is the first time for the two funds since their establishment. However, Gu Junhao behaved relatively calmly. This is the case in a bear market. Even if a stock will eventually have a good increase, its trend will be much more difficult than in a bull market.
In a bear market, if you want to participate in trading, you must be prepared to be trapped or stop loss at a certain position, or simply stop trading with an empty position.
"Don't worry, just build the position and then operate slowly later. There is still a large amount of funds in the account, so it will definitely not be a problem to get out of the predicament." Gu Junhao comforted Zhang Muye.
The rest of the liquor sector stocks have also completed their positions today, with only a small portion of the two major electrical appliance leaders still to be completed. By tomorrow, it should be almost done.
With sufficient manpower, Gu Junhao is very satisfied with the progress of building the position. Completing the position this month will give him sufficient reaction time next month.
In the evening, the foreign exchange transactions were proceeding in an orderly manner. Throughout the second half of January, Junshi Capital spent money like water, and the funds in the account were constantly decreasing.
Although the three major indexes continued to close lower today, they did not break the previous low of the previous trading day. The number of stocks that hit the daily limit decreased, and there were always obvious capital movements every time the market fell.
Although the market is still sluggish, the unusual movement of funds at this time has made the market more sensitive. In any case, the reduction in the number of stocks that have hit the daily limit and the unusual movement of funds, in a sense , also represent that the short-selling momentum has been greatly released here.
On the evening of January 28, the central bank announced that it had once again carried out 340 billion yuan of reverse repurchases, and would continue to inject funds into the market through reverse repurchases this month, with a net injection of 44 billion yuan this week.
As of now, except for Anhui Province, other provinces and regions have begun to hold the two sessions, and A-shares have officially entered the special trend period during the two sessions.
Judging from the work reports from various regions, state-owned enterprise reform and de-capacity will still be one of the key work focuses this year. Restructuring, mixed drawdown system reform and asset securitization will become important measures.
Generally speaking, the trend of A-shares in the first quarter of each year is not particularly stable. This is because policy changes during the two sessions can easily cause great fluctuations in the market.
If Gu Junhao didn't have a rough idea of the low point of the stock market in January this year and the tragic decline, he would not have started to build up a large position at the end of January.
After all, the market fluctuations in the first quarter are so great that it is often not the best time to build a position. In addition to the two sessions, there is also the risk of expected disclosure of annual reports and first quarter reports.
If it is still the same as the previous period of stock trading with personal account, after the amount of funds becomes larger, Gu Junhao will start to build positions more at the end of April in the second quarter.
By that time, the two sessions, annual reports and quarterly turmoil will have ended, and the market will have basically exploded. All we need to do is find the right sector and prepare for a rebound.
In his previous life, Gu Junhao did almost the same thing in the few years before his rebirth. He would find a position that he thought was better at the end of the year or in January to reduce his holdings.
Then, you can participate in the transaction with a small position to maintain a sense of the market. Later in April, you can choose the sectors that you think are good to buy at the bottom and take advantage of the rebound.
In terms of results, it is still very good, especially in the rebirth of 2022. Gu Junhao copied the automobile complete vehicle and automobile parts sectors at the end of April.
Among them, one holding in the complete vehicle sector saw its share price increase by more than five times, becoming a monster stock at the time. In the automotive parts sector, many holdings also saw their returns double.
This is how stock trading works sometimes. You don’t need to trade every day. It is enough to seize one or two opportunities a year within your own system.
January 29th, Friday, the 20th day of the twelfth lunar month, is only a week away from the Chinese New Year, and the A-share market is becoming more and more deserted day by day.
In the overnight foreign market, oil prices, which had been plummeting since the beginning of this year, finally stabilized temporarily. Oil prices began to rise, surging 2.85% on Thursday night.
Gold prices also fell. The performance of US technology stocks exceeded market expectations. Affected by this, the Dow Jones Industrial Average rose 0.74%, the S&P 500 rose 0.53% and the Nasdaq rose 0.8%.
In the morning session, the Shanghai Composite Index opened almost flat, and began to counterattack upwards in a big way as soon as it opened. After falling for a month, the Shanghai and Shenzhen stock markets finally saw a decent rebound on the last trading day.
By 10 o'clock, the Shanghai Composite Index was at 2677.68 points, up more than 0.8%. The Shenwan first-level industry index was all in the green. At the same time, the concept stock index also achieved an overall increase.
The artificial intelligence sector led the surge. The market, which had been falling continuously in January, experienced an accelerated decline for another trading day this week. The oversold rebound that had accumulated for many days finally broke out today.
Ganfeng Lithium, which hit the daily limit yesterday, refreshed the lowest point of this round to 32.50 yuan after opening in the morning today, and began a large-scale counterattack. By 10 o'clock, the share price had risen by more than 3%. In terms of transactions, there were good buy orders at the thousand-hand level in the morning, and the volume was even larger than yesterday.
In the half-hour rebound trend, both heavyweight stocks and small and medium-sized growth stocks have soared, and today's trend has been generally determined.
Therefore, Gu Junhao said to everyone: "Today should be a good rebound trend. The staged bottom of A-shares is here. Everyone can be bolder in their operations today."
Although the overall trading volume of the Shanghai and Shenzhen stock markets has not increased significantly, and the market may not have truly reversed here, but from an emotional or technical perspective, it is no problem for the market to rebound from an oversold situation today.
After a month of continuous decline, investors who were still involved in trading before the New Year need a window to vent.
At 10:30, the Shanghai Composite Index rose by 1.8%, and the index once again stood above the 2700 point mark, closing at 2703.34 points. Since then, the two markets have entered a strong rebound stage, showing a fluctuating upward trend throughout the day.
As of today's closing, the Shanghai Composite Index rose 3.09% to close at 2737.60 points, with a total turnover of 180 billion yuan throughout the day. The ChiNext Index rose more than 4% to close at 1994.06 points, and is very close to returning to 2000 points.
With the general rise in the two markets, all of Gu Junhao's holdings closed in the green today. The stock with the largest increase was Ganfeng Lithium, which hit the limit down yesterday. Ganfeng Lithium fell rapidly in the afternoon yesterday and finally hit the limit down.
Today's trend is completely opposite. In the afternoon, the stock price entered a state of strong rise and finally reached the daily limit. The stock price was 36.78 yuan. The full-day trading volume was as high as 1.36 billion yuan, and the turnover rate reached 15.07%.
Zhang Muye took advantage of this rare opportunity and made a large intraday T of more than 8% with a position of 15,000 lots. He made a purchase volume of more than 50 million yuan and obtained an intraday T difference profit of up to 4.17 million yuan.
In this way, the cost of Ganfeng Lithium Industry, which was the most trapped, has dropped to 39.65 yuan. In addition to today's daily limit, the floating loss has been reduced to 7.8% within one day.
Such active stocks are sometimes really unexpected. They may hit the limit down yesterday but hit the limit up today with large volume. It may only take a few trading days to be trapped or make a profit.
Tianqi Liye in the same sector also rebounded sharply by more than 8%, with its share price closing at 117 yuan. The total market value of Tianqi Liye, which has 43,800 shares held by Junshi's proprietary trading account, also returned to above 500 million yuan.
Although both markets achieved a general rebound today, the market in January was extremely tragic. The Shanghai Composite Index fell by 22.65%, the Shenzhen Component Index fell by 25.64%, and the ChiNext Index fell by 26.53%.
The overall decline of the three major indexes in January all set new records for the largest monthly decline since the 6124-point stock market crash in 2017, which is even worse than last year's stock market crash.
In terms of individual stocks, the decline was generally above 10%, and there were quite a few stocks whose share prices were halved, especially small and medium-sized start-up stocks.
Among all Junshi Capital's holdings, the one with the largest monthly decline was Ganfeng Lithium, which hit the daily limit today, with a monthly decline of 41.55%.
As for the sector with the smallest decline, it was Maotai Liquor, which fell 8.04% for the whole month. The liquor sector as a whole outperformed the index, falling 15.52% for the whole month, making it one of the more resistant sectors.
As of today, Junshi Fund has completed all the stocks that need to be built, invested 3.7324 billion yuan, and newly purchased three liquor stocks, two leading household appliance stocks and two lithium battery sector stocks.
In addition, Wuliangye increased its holdings. By the last trading day of this month, Junshi Capital's overall market value soared from less than 1.3 billion yuan to nearly 4.958 billion yuan at the end of the period.
At the same time, there is less than 1.5 billion yuan in cash in the account. As for the overall scale, the overall scale of Junshi No. 2 has shrunk to 6.422 billion yuan at the end of this month, and the net value rate has dropped to 4.597.
Compared with the last announced scale of 6.443 billion yuan and net asset value rate of 4.6123, it has dropped by nearly 20 million yuan, a decrease of only 0.03%.
Among them, the liquor sector with a market value of nearly 3 billion yuan out of the total market value of 4.958 billion yuan provides Junshi No. 2 with good stability.
Since the bottom-fishing, there are a total of 4 stocks in the liquor sector that have maintained profitability, including Maotai. Wuliangye closed at 23.66 yuan today and also achieved profitability.
Among the five liquor stocks currently held, only Gujin Gongjiu is in a state of slight loss, with a current loss of 2.71%. The liquor sector is almost profitable as a whole by bottom-fishing, which also proves Gu Junhao's judgment that the liquor sector will bottom out earlier than the broader market.
Junshi No. 2, which did not announce its specific net value for two consecutive weeks, only retreated by 0.03% in the net value announced after the last trading day of this month, which naturally attracted the attention of the market again.
However, this time Gu Junhao learned his lesson. While announcing the net value, he also announced the specific position of Junshi No. 2. Currently, the position of Junshi No. 2 is as high as 77.2%.
Junshi No. 2 is operating in a high-position state, and even if its net value does not fluctuate at all, the market will not be able to raise any doubts.
After today's closing, all colleagues were completely silenced by Gu Junhao. The voices that had previously questioned Junshi No. 2's extremely low position or even empty position have since disappeared.
