Chapter 390: Position Changes Resulting from Policy Orientation
"Boss, the market fell badly today, breaking 2,900 points."
On the way back to the hotel, Liu Tingting took a look at today's market trends on her mobile phone interface and said to Gu Junhao.
"Oh? Really? Let me see." Upon hearing that, Gu Junhao also took out his cell phone.
Today, the market opened with a gap down in the morning and directly broke through 2900 points, which directly laid the foundation for today's trend.
There was a big negative line throughout the day, falling 2.79% and closing at 2832.11 points; the Shanghai Composite Index fell 165 points in just two trading days.
"Haha, this is about to fill the gap downwards."
"To fill the gap on March 14, right?"
"That's right. There is no room to move upwards. The only option is to push it downwards. There is no way to leave a gap upwards. Just wait and see. In the short term, the 2,800 point level will have to be broken to scare people."
"Well, I don't know how our fund is doing today. The liquor we researched today did rise by 0.63%, but it closed with a false negative line, and the trend is average."
"It doesn't matter. It doesn't matter if it drops for a few days. Our fund has been too hot recently. A few days ago, I saw a lot of people in the comments section wanting to go all in."
After returning to the hotel, Liu Tingting and others continued to work. Gu Junhao was really sleepy, so he went back to his room to catch up on some sleep.
The next itinerary has nothing to do with Gu Junhao for the time being. Liu Tingting leads the team to continue researching the next company, while Gu Junhao prepares to go to Jinyang City to wait for meeting Zhang Yiru.
Li Yaohui was left to the research team. Being a tall and strong man and being from the north, he could take care of Liu Tingting and others to some extent.
As for himself, Gu Junhao planned to rent a car and go on a self-driving tour around Shanxi Province with Zhang Yiru. The weather in May was not too hot in the north, which was a good time for travel.
When they woke up, it was already evening. Everyone had already had dinner. Gu Junhao was too lazy to go out, so he asked Li Yaohui to pack some takeaway food.
Turning on the computer, Gu Junhao began to systematically sort out what happened this weekend and today's market trends, in preparation for the next market trends.
The entire liquor sector is still stronger than the broader market today, with an overall decline of only 1%, and it is still a resilient variety.
The banking sector, which we hold, is no longer as strong as before and has also fallen 1.25% overall today. In the past two trading days, the banking sector was one of the main culprits for the market crash.
I think the net value of the fund today will not be very good. If nothing unexpected happens, the return today should fall below 1.3, which is the 30% profit.
After a sharp drop in the previous trading day, Junshi Price Investment's net value retreated to 1.3203. If it falls again today, it will create a record of retreating for two consecutive trading days.
This is good. The continuous market pullback can somewhat dampen the enthusiasm of some fanatics. However, it is a bit painful for investors who chased highs above 2,900 points in the previous trading days, especially around 3,000 points.
It is still okay if the fund chases high prices, as not many people will be trapped. However, if it is a single stock, the loss may exceed 10%.
After these two big negative lines break, the short-term trend of the index will definitely not be very good, and it will take a long time to digest these trapped orders.
In addition, on the news front, the China Securities Regulatory Commission also responded to the market rumors of "suspending the return of Chinese stocks listed overseas". Although the implicit meaning did not give a clear answer, the rumors should be true.
The CSRC believes that stability is more important than anything else in the current market environment. It also indirectly expressed its dissatisfaction with the speculation in shell resources. The shell resource concept stocks suffered the most today.
In Gu Junhao's impression, the return of Chinese concept stocks should not come until 2020, which means that the current hype is just pure hype.
However, the high-quality companies will still not come back, and most of those that come back are those that cannot survive.
The market has changed a lot recently, with so many policies, public opinions and various measures, it seems particularly chaotic, with all kinds of new things coming out every day.
Especially recently, the hype about the economic situation has intensified. Relevant authoritative figures have published long articles and made predictions about the economic situation, but most people only remember the number "L".
Secondly, the CSRC has extremely strict review of cross-sector IPOs in four major areas, namely Internet finance, games, film and television, and virtual reality.
From the market's perspective, it is a good thing to have high standards for capital increase in these industries that are mainly engaged in theoretical work.
This will better regulate the market, curb malicious hype of concepts, celebrity cashing out, and high-price cashing out by major shareholders, and will be a protection for retail investors.
Although these actions are understood by the market as suppressing the stock market, Gu Junhao believes that this is actually a good thing. Except for the gaming industry, companies of this type have no performance to speak of.
Especially in the film and television industry, its performance is even more opaque than that of the military industry sector. Outsiders simply cannot calculate how much a movie costs or how much it makes at the box office.
There are also various celebrity private placements. It's bad enough that these people are making a lot of money in the entertainment industry, but they also want to reach out to the capital market to reap the profits. This is a bit too greedy.
While eating, Gu Junhao refreshed the stock trends, news and some content in his mailbox, and roughly sorted out the recent market trends.
From this crackdown on cross-border growth, Gu Junhao could probably understand that the new village chief had gradually gained a firm foothold and began to implement some of his own plans.
These days, the hype about shell companies caused by the return of the Chinese concept and the hype about the private placements in the four major industries have led to the stock prices of small and medium-sized start-up stocks under this series of concepts hitting new highs.
Within 10 days, major shareholders of 100 companies in this category announced plans to reduce their holdings, causing widespread outrage.
Among the stocks in which major shareholders have reduced their holdings, there are some stocks that offer a 10-for-20 or 10-for-30 bonus. This is probably the real intention of the high bonus and share transfer for such stocks.
"The next step should be to crack down on the high-dividend and high-bonus sectors, right?" Gu Junhao also sensed something unusual from these dangerous signals.
Afterwards, Gu Junhao looked at the trend of Yinbaoshanxin again. Today, the stock price of Yinbaoshanxin was relatively strong, closing up 1.25% against the market trend, and the stock price closed at 64.12 yuan.
The share price of Tianqi Lithium, which offered a 28-for-10 stock split, has risen to around 175 yuan. As for Ganfeng Lithium, which offered a 10-for-10 stock split, its share price has also risen to 66.07 yuan at today's closing.
Based on the initial cost of building a position, the profit has been close to 70%. Given the suppression of high dividends and bonus shares, it seems that it is time to reduce holdings in these two stocks.
The current high dividend and bonus issue is really all the rage. Even Dingtai New Materials, which is currently suspended, has announced a 10-for-10 bonus issue plan after the release of its annual and quarterly reports.
A stock priced at 27 yuan, with a 10-for-10 bonus in addition to dividends, is really outrageous!
As for the release of the first quarter report, Junshi Value Hybrid Growth unsurprisingly appeared on the list of Dingtai New Materials' seventh largest circulating stock.
It still ranks behind the national team, which is really envied by a number of funds that were forced to liquidate their positions.
"Huh? Keheng shares have resumed trading?" Just when Gu Junhao was about to inform Xu Jianqing and Wang Ruoyu to reduce their holdings in Tianqi Liye and Ganfeng Liye in the near future, he unexpectedly saw that Keheng shares had resumed trading today.
Gu Junhao, who has been busy with research and preparation recently, did not really notice this suspended stock with a light support position. As expected, Keheng shares, which had successfully undergone an acquisition and restructuring, had a flat trend today.
The total transaction volume for the whole day was only 12.29 million yuan. The five selling seats on the Dragon and Tiger List only sold a total of 4.5918 million yuan. The average sales volume of each seat was less than 1 million yuan. The lowest sales volume of the top five seats was 570,600 yuan.
Almost all employees have locked their positions, which undoubtedly proves that everyone is optimistic about the market outlook. In the stock comment section of Keheng Co., Ltd., many messages envy Gu Junhao's holding of 48,000 lots.
With the Shanghai and Shenzhen stock markets plummeting today, Gu Junhao made a profit of 11.712 million yuan from this stock alone.
"Oh my god, the order is so exaggerated, when will it be lifted? Brother T is making money again."
"Look at this order, it will be fine if it goes three or four boards. I placed an order last night, but unfortunately I couldn't buy it. I will place another order tomorrow."
"Aren't you afraid that Brother T will smash it? Brother T has a position of 48,000 lots."
"You think Brother T and the main players in the market are stupid. Why would they smash it with just one board? Besides, even if Brother T really smashes it at this position, that is what the main players in the market want the most, to pick up cheap chips."
"Don't worry, Brother T is drinking in Jin Province recently, so I don't have time to care about him. His holdings are not high, so it's not certain that Brother T has forgotten."
"That's right. Junshi No. 2 has a scale of more than 7 billion, but only has more than 100 million chips, which is less than 15% of the position."
"By the way, the split wine that Brother T is researching is also trending well today. I'm thinking that if I can't get this one, should I buy some split wine?"
"You can't buy them all. Brother T still has to research many listed companies."
"Where did you see that?"
"The official website of Junshi Fund, as well as some announcements released by other companies, I guess someone is trying to take advantage of Brother T's popularity."
"Awesome! Brother T has even managed to get so many listed companies to take advantage of his popularity. I'm impressed!"
After casually browsing the comments in the comment section of Keheng Shares' stock, and considering the market trend today where all major shareholders had locked up their positions, Gu Junhao changed his mind.
Tianqi Lithium and Ganfeng Lithium will not reduce their holdings for the time being. Keheng shares will definitely bring a certain amount of heat to the lithium series sector, which means that these two stocks still have room for growth.
Before the high dividend and bonus issue, there is a great probability that the main funds in the market will take advantage of the popularity of the sector to push up the price to attract retail investors to enter the market and take over.
"Hold it for a while longer, and then start reducing your position a few trading days before the transfer."
Afterwards, Gu Junhao sent Xu Jianqing and Wang Ruoyu the plan to reduce their holdings in Tianqi Liye and Ganfeng Liye.
As for Yin Baoshanxin, let's ignore him for the time being. At present, neither Liu Tingting nor I are in the company, so let the three traders do whatever they want.
After completing a series of sorting and specific arrangements of positions, Gu Junhao stood up and walked to the window sill to stretch his muscles.
It is late at night, the small county town is exceptionally peaceful, and a new day is about to arrive.
