Chapter 374: The quota has been set again!
"Ah? Another limit? This scale is not too bad, why is there a limit?" Liu Tingting asked with some confusion.
In her opinion, Junshi No. 2's overall scale of more than 6 billion yuan can be fully handled by any big fund. Although there are differences in positions between public funds and private funds, the overall scale of 650 million yuan is not too large.
There is absolutely no need for that. The limit was imposed after only one week of subscription. Even if there is to be a limit, it will have to wait until the scale exceeds 1 billion.
"The rebound space of the market is limited. Although adding positions now cannot be considered adding positions at a high level, it can be considered a certain pressure point. In the early stage, the main focus is on building a reputation and increasing returns. There is no need to be too obsessed with the scale."
"Well, then let's do as you say, Boss. But Boss, your appeal is really great. You have raised so much money in a weak market in just a few days!"
So far, Junshi Price Investment has 15 stocks in its holdings, including 8 relatively new stocks, with a total cost of around 160 million yuan.
The total market holding cost of Wan'an Technology and Dingtai New Materials is about 55 million yuan. You can add a little bit of positions in these two companies today, especially Dingtai New Materials.
It is not a problem to buy thirty or fifty million of this shell company's stock. However, Gu Junhao dare not buy more than that, otherwise it would attract too much attention.
As for the additional subscription funds in the future, the configuration of three banks plus Zhongguo Ping An and BYD will have no problem in coping with them.
As long as you can hold out until the time when the fund announces its holdings, there will be no problem, and you can lift the purchase restrictions at that time.
In terms of overall position distribution, the overall positions of newly listed stocks and small and medium-sized start-up stocks also dropped to around 30%, realizing an exchange of position weights.
Last weekend, the newly appointed village chief attended a press conference for the first time, which was jointly held by the three banking and guarantee associations.
The new village chief made it clear that the registration system must be implemented, but it cannot be done alone. It requires a sound multi-level market system, the promotion of equity financing through multiple channels, and the improvement of the legal environment, etc., which requires a considerable process and time.
At the same time, it was also stated that the national team has not yet considered withdrawing from the market, and it would be too early to talk about withdrawal in the long term. In the future, the national team will still act decisively when faced with market failure.
It also stated that the basic conditions for re-implementing the circuit breaker mechanism will not be in place in the next few years.
The new village chief's public and clear statement at such a high-scale press conference undoubtedly injected a shot in the arm for market stability.
A series of issues that investors are concerned about have also been alleviated to a certain extent; as expected, the Shanghai Composite Index opened higher today at 2830.08 points, returning above the 20-day line.
The trend that was originally about to break was alleviated because of a reception. This is how a policy-driven market works.
This is also one of the reasons why Gu Junhao asked traders to buy early this morning. There is no other reason. Today is bound to be a rebound trend. In the early trading, when most investors have not yet reacted, the buying price is naturally relatively low.
Don’t doubt the market’s reaction to major policies. The three statements made by the new village chief are the fundamentals of the current market.
The first point indicates that the registration system will not be implemented in the short term, which provides a certain space for the rebound of small and medium-sized enterprises.
Second, the national team will not withdraw at present, and will take decisive action to maintain market stability if major uncontrollable market conditions arise.
The third point is that it completely denies the circuit breaker mechanism, fundamentally eliminating the market’s concerns about circuit breakers.
Although the overall environment will not change, a small rebound is not a big problem. If this wave breaks through 2900 points or even 3000 points as expected, it should be stable.
Fortunately, it is still around 2,800 points. I hope the rebound will not be too violent. In this way, there will be a certain profit when it reaches 3,000 points.
Bull markets are mostly crashes, while bear markets are mostly long rises. The rebound in a bear market often does not last long, which results in the trend after a long rise not lasting for several trading days.
Fortunately, the long-term positive trend that Gu Junhao did not want to see did not appear today. The Shanghai Composite Index ended today's trading with a 1.75% increase, and the trading volume just exceeded 200 billion yuan.
The ChiNext Index surged 4.56%, returning above 2,000 points. The total turnover of the Shanghai and Shenzhen stock markets exceeded 500 billion yuan.
Relatively speaking, the market with relatively low trading volume is dominated by small and medium-sized enterprises. Today, major theme concept stocks have rebounded, while the performance of heavyweight stocks is relatively general.
Today, Junshi Price Investment ended today's trading with a positive return. The overall net value reached 1.0614, still maintaining the trend of closing in the red on all trading days since the resumption of trading.
At 9:30 in the evening, the comment section of Junshi Price Investment was still very lively. Unknowingly, the yield of Junshi Price Investment had exceeded 5%. Such a stable fund is rare.
"What the hell, what's going on? The daily purchase limit has been reduced to 100,000? Although I can't afford the 500,000 limit, but what is Brother T trying to do?"
"This scene seems familiar. Isn't it the same as the two fund-raisings of Junshi No. 2? Brother T is really different. Other fund managers are eager to get more and more."
"Brother T: Hey, I'm just having fun. When I become bigger and stronger, I'll surprise you all!"
"Is it possible that Brother T cannot control billions of dollars of funds, so he has started to limit the amount?"
"The person above has some brains, there's nothing wrong with Junshi No. 2 being worth more than 6 billion, would Brother T be afraid?"
"But Junshi No. 2's performance isn't that good either. It almost fell into the loss line last month."
"Then we'll know after we wait and see this month. Besides, last month, 80% of Junshi No. 2's positions did not lose money at the end of the month. Do you think this is something that most people can do?"
"What does this month's performance have to do with Brother T? Didn't Junshi No. 2 get a new fund manager? The one with the surname Wang."
"The person above is really naive. You don't think that Junshi No. 2, the manager, can really be in charge, right? He is just a shadow of Brother T, and is restricted by the rules."
"The person above is from Shandong Province, right? You use inverted sentences well, but what he said is true. The manager surnamed Wang was a trader of Junshi No. 1 and the leader of the trading team of Junshi No. 2 in the later period. It is obvious that he was brought up by Brother T. How could he have the right to adjust the portfolio and change stocks?"
"Brother T's fund is so stable. It fluctuates between one or two points every day. I can make a little money every day. It's really cool."
“It’s the position building period, and the market is okay. I just don’t know how it will perform after the position is full. That will be the ultimate test.”
"Buy, buy, buy. The 100,000 limit is too much for me. Don't panic. We are just afraid that the big dog owners will eat them all. I will go all in with 20,000!"
"MD, why didn't I buy on the first day? Otherwise, I would have gained 6 points. I lost 10 points by trading stocks myself. What a shitty market."
Retail investors were discussing the issue heatedly in the comment section, but for big investors, the thing they didn't want to see happened again and again.
Sure enough, Junshi's price investment was very popular last weekend. The big investors talked about this topic in private chats. One of them joked: "Based on our CEO Gu's temper, he will probably limit the quota once the popularity is high. Then the same situation as Junshi No. 2 will occur again."
Then, what I didn’t expect was that what was originally a joke actually came true, and it happened so quickly!
"This young man is really an outlier. He's already capped his stock price after just one week of resuming trading. He's really bold. He's not afraid of offending big investors. I won't invest next time."
In fact, Gu Junhao is not afraid of this. The capital market is full of people who say one thing and do another. Just like the leeks chasing high prices, they will rush in if they think they can make money and do not care about the oaths they made before.
"If you chase higher, I'll be a dog!"
"It smells so good! The price has reached its daily limit!"
"I've closed my account. I can't play this stock any more."
"Fuck, what's going on? It's up again today. This one's good. I'll buy some and try it out!"
Such is the mentality of investors. On Tuesday, March 16, the Shanghai Composite Index rose by 0.17%, still maintaining near the daily five-day line, showing a strengthening trend.
Due to the limit, the subscription amount today has dropped significantly, and the existing stock scale can be digested without the need to purchase new stock targets.
The subscription amount has dropped significantly, but the overall number of people has increased significantly. Overall, the limit has not reduced the popularity of Junshi Price Investment.
In this way, until this Friday, the Shanghai Composite Index, influenced by the new village chief's speech that boosted market sentiment, once again showed five positive lines in a week and six consecutive positive daily lines. The index finally closed at 2955.15 points this week, with an actual weekly increase of 5.15%.
The Shanghai Composite Index made its first public appearance last weekend and has been on a five-day winning streak this week. The market has given the new village chief enough face. Judging from the current public opinion environment, the new village chief has left a good impression on the public.
But Gu Junhao knows that this honeymoon period is very short. Once it has gained a firm foothold and starts to crack down on the market, the speculation of hot money and the high-dividend and high-bonus sectors , word of mouth will take a sharp turn for the worse.
After the end of this week, the net value curve of Junshi Price Investment has reached 1.1176. The yield of 11.76% in two weeks since its launch has begun to lead the newly issued funds. The ranking has also soared from the bottom before the name change to within the top 100.
In terms of overall scale, despite the quota limit and the consumption of early enthusiasm, the subscription amount of Junshi Price Investment in the following three days has dropped significantly. As of the closing limit on Friday this week, the subscription amount for the whole day has been limited to less than 20 million yuan.
However, in terms of overall scale, Junshi's investment value has reached 780 million yuan, which is already a very remarkable figure. Gu Junhao is very satisfied with this, but at the same time he is under a lot of pressure.
Behind the figure of 780 million yuan are tens of millions of shareholders and countless fans who support Gu Junhao. Apart from improving performance, Gu Junhao has nothing to repay them with.
Another big event this week was that the two sessions officially ended on Wednesday, March 16. On the Thursday after the end, the Shanghai Composite Index broke through 2,900 points, which was very interesting.
With the conclusion of the two sessions, the Shanghai Composite Index may also see a turning point, and the pressure above 3,000 points will also be tested.
