Chapter 38 Black Thursday
After looking at the call auction and the trading volume in the first ten minutes of trading, Gu Junhao seemed to have realized something.
After Wangsu Technology opened high, at the beginning of trading at 9:30, a sell order of 3,000 lots was quickly placed, and the stock price fell from the red market to 85.76 yuan in an instant, a drop of 1.43%. In the following ten minutes, it remained sideways at this position, and the outflow of funds became more and more intensive.
At this moment, the ChiNext Index is still in the red, fluctuating below the intraday yellow moving average of 1,300 points. Today's trend of Wangsu Technology is a bit like that of Shanghai stocks, opening high and closing low.
"This main force has something. It looks like it wants a big adjustment today. If the index can break through 1,300 points, it will be fine. Otherwise, it will be a bit ugly."
The index does not seem to be heading for 3,000, and it has not moved any higher after reaching 1,297.47 in the morning session. Stocks closely related to the index, such as Tong Huashun and Dong Fang Wealth, also performed poorly.
Speaking of these two stocks, their declines in the past two months can be considered tragic. Tonghuashun is still okay, falling from its high of 33 yuan in October to around 20 yuan now, a drop of about 50%.
Dongfang Wealth is in an even worse situation. Its share price has almost halved from the high of 25.97 yuan in October to around 14 yuan now. It opened low and continued to fall today .
"It's a pity that I'm still investing in Wangsu Technology and don't have enough money to share. Otherwise, I could have bought some at the bottom. The share price of 14 yuan is not expensive. I remember that Dongfang Wealth's highest price in 2015 seemed to be more than 100 yuan."
Let’s wait until Wangsu Technology finishes its work. As long as he has determined the trend, it will not be a problem to follow up later. Of course, it would be even better if there was a chance to buy at the bottom. It would then be another ten-fold stock.
The poor performance of heavyweight stocks will definitely drag down the index. The rest of the day is just a matter of waiting and seeing how low it can fall.
It would be best if I could adjust it all at once today, which would also reduce the probability of my short position and improve the utilization rate of funds.
At the close of the morning, Wangsu Technology had fallen to 84.51 yuan, a drop of 2.86%, and the trading volume was 250 million yuan.
A number of heavyweight stocks such as Dongfang Wealth and Tonghuashun also fell. The ChiNext Index finally collapsed after 11 o'clock and fell to a flat level of 1288.34 points. The trend is not optimistic.
As soon as the afternoon trading started, the two markets began to dive. In fact, the dive had already started after 11 o'clock in the morning, but the intensity of the dive was further intensified in the afternoon .
In half an hour, the decline of Wangsu Technology expanded to 4% to near the five-day line, and the trading volume further increased.
"It looks like there will be a big drop today. It's better to buy at the end of the trading day. It's also good to get it all in one go." The ChiNext Index plunged today, but this is also a normal adjustment.
When the pressure level cannot be overcome, there will be a pullback and everyone will exchange chips with each other to facilitate further increases.
Wangsu Technology cannot maintain the five-day line today. At this moment, the downward trend is still expanding further, so we will wait for it at the ten-day line.
"Oh my god, is it so bad this afternoon? The Shanghai Composite Index was bad this morning, but the ChiNext Index was okay this morning. I didn't expect it to plunge in the afternoon as well."
"Normally, today is Thursday, a statutory drop day."
"I should have known it was out this morning, so I could have saved a little."
"Dongfang Wealth pulled a positive line yesterday, and I thought it was the bottom, so I covered my position this morning, but it ended up falling another 4 points..."
"That's awesome, buddy. I remember you bought Dongfang Fortune in October. I didn't expect you still have it now."
"What else can I do if I don't take it? I've done several Ts and the cost is getting higher and higher. It's already 28."
"I just checked, the current price is 13.87 yuan, the cost is 28, it's really a bit miserable..."
Wow, the cost of 28 is scary to think about. This guy is indeed a bit miserable. However, he has held it for more than two months. As long as he can hold it, he can get his money back or even make a lot of money. I just don’t know if he can hold on to it. This is often the time that tests human nature the most.
"Everyone has his own destiny, there's nothing we can do about it. He's still covering his position, so it probably hasn't reached his psychological limit yet. He's just afraid that he'll run out of money while covering, and then sell it as soon as the market rebounds."
The dive of the ChiNext Index began to accelerate at 2:10, and the index went down all the way. Wangsu Technology was ten minutes later than the ChiNext.
At 2:20 p.m., short sellers of Wangsu Technology frequently appeared, placing large sell orders one after another, which quickly pushed down the stock price, with a real-time decline of more than 7%.
"Looking at this volume, it seems like it will hit the lower limit, but I don't know if it will hit the lower limit. If it does, then I won't be able to buy today."
For those who hold positions, today is truly a Black Thursday. There is no sign of a rebound at all. It may also be related to the approaching end of the year, and most funds choose to hold their coins and wait and see.
At 2:30, Wangsu Technology's decline widened to 8.5%, approaching the 80 yuan integer mark.
At 2:35, a large sell order of 5,000 lots directly pushed Wangsu Technology to the limit price of 78.30 yuan.
"It's so cruel, it really hit the limit down?" Even the ten-day line was broken, but at this time there was a buy order of 5,000 lots that quickly raised the share price of Wangsu Technology to 79.54, and the share price once again stood above the ten-day line.
"Is this a resale?" At this moment, large orders appeared frequently on the market, and Wangsu Technology once again hit the limit down at 2:45, but the order was not large, only less than 3,000 lots.
"The order book is not big, and the large sell orders have also decreased. Let's give it a try." After all, he has nearly 3 million in funds. Let's see if he can light a fire and pry open the limit down.
Otherwise, if the stock price really remains at the lower limit until the closing today, then tomorrow's trend will be bad. I believe that the main funds in it will not be willing to do that.
If things really go bad and continue to fall sharply tomorrow, just sell your stocks and switch to Dongfang Wealth at that time.
Without a second thought, at the full position price of 78.30 yuan, 375 lots of Wangsu Technology returned to the account again.
Perhaps the main funds felt that someone was trying to grab the chips, or perhaps the main funds were about to hit the limit down, or perhaps the funds waiting on the sidelines saw an opportunity.
After Gu Junhao completed the transaction with Wangsu Technology, buy orders of 1,000, 2,000, and 3,000 lots quickly emerged on the market. The share price of Wangsu Technology quickly rose to 81.31 yuan, an increase of nearly 4%, and once again appeared at the top of the real-time increase list.
"Sure enough, there's still room for a pullback. It looks like the 80 yuan level won't fall any further in the short term." Looking at the stock price rising, Gu Junhao finally felt relieved. The trend was in line with his expectations, and it would be even better if he didn't lose money.
At the closing of three o'clock, Wangsu Technology closed at 80.53 yuan, rising from the lower limit to a drop of 7.44%, once again standing firm on the support line, and the trading volume also increased to 595 million yuan.
On Black Thursday, both markets plummeted. The Shanghai Composite Index once again broke through 2100 points to 2073.10 points, a drop of 1.58%. The ChiNext Index closed at 1268.14 points, a drop of 1.46%.
At this moment, Gu Junhao's holdings are also shown as: Wangsu Technology, holding 37,500 shares, holding value: 3,019,875 yuan, available funds: 3,750 yuan.
During the trading day of Black Thursday, the intraday profit was 2.8% and the total assets exceeded the 3 million mark, which was a good performance.
