Chapter 403: Fight between Gods
Compared with the Dragon and Tiger List played by hot money like Huangshanghuang, the Dragon and Tiger List of Vanke A is much more explosive.
The institutional seats in the first buying position bought as much as 1.187 billion yuan throughout the day, and the second and third buying seats both bought more than 300 million yuan.
It is particularly noteworthy that the third buying seat is also an institutional seat, which is very likely to be an affiliated seat of the buying seat.
The selling seats of Vanke A were also exploded. Except for one buying seat, the other four were all institutional seats.
The five seats sold a total of more than 2 billion yuan, among which the first and second selling seats accounted for as much as 1.5 billion yuan of the 2 billion yuan.
The funds on the Dragon and Tiger List accounted for more than 51% of Vanke A's trading volume today. It can be said to be a fight between gods!
However, Baoneng must be really out of money, otherwise he would not have resorted to this kind of sneak attack at the end of the trading day. The purpose is to attract buying in the sub-market in an attempt to pry open the limit down price.
When the situation is favorable, major banks, securities firms and even other institutions are willing to lend money to Baoneng, but when the situation is unfavorable, the situation may not be the same.
This is how financial institutions operate: lending money to people who don’t need it.
The past two days have been torturous for shareholders of Baoneng and Vanke, but the Shanghai Composite Index has performed well. Today it has reached 3,000 points, which is a significant breakthrough.
In the evening, we didn’t get an announcement from Vanke. Although we knew that the funds most likely purchased at the end of today’s trading session were for energy preservation, the lack of an announcement still made people feel a little uneasy.
The lack of exact announcement data is particularly worrying for retail investors who tried to bottom-fish in the past two trading days.
The media continued to hype up Vanke's popularity, especially after the company secretary revealed that Baoneng's cost was 19.83 yuan, which led some retail investors to misjudge and believe that Baoneng would definitely support the market.
Over the past two days, employees in the department responsible for news and data collection have collected a lot of hot news in accordance with Gu Junhao's instructions.
From the statistics of these data, it is not difficult to see that this will be another event in which the gods fight and mortals suffer.
In the minds of most retail investors, the concepts that investors must not suffer losses and must protect the market are deeply rooted in their minds, and the guidance of the media plays a key role in this.
However, who says that Baoneng must not lose money? Besides, is the cost of Baoneng 19.83 yuan mentioned by the secretary of the board of directors necessarily true?
Once capital is united, ordinary investors will be the ones who suffer in the end.
This is also one of the reasons why Gu Junhao is not in a hurry to buy at the bottom.
If he did not have a certain amount of capital and was still an ordinary retail investor, Gu Junhao would never have participated in such a magical game.
As the leader of domestic real estate companies and one with the healthiest cash flow, the battle for equity will surely be protracted, and one year is just the beginning.
As an ordinary investor, there is no need to spend your energy on such a company. If you use this time and patience to select a few excellent stocks, you may get higher returns.
Wednesday, July 6th.
Since the call auction, Vanke has been engaged in a fierce competition around the opening price. Within the 5-minute call auction time, the stock price jumped repeatedly, fluctuating between the limit price and the flat price.
Gu Junhao said to the big screen in the trading room: "It all depends on the effectiveness of Baoneng's counterattack today. It's exciting."
These days, Wan Ke has had a screen to himself. Although he has not been bought yet, his treatment is obvious.
"Is the cost of Baoneng really 19.83 yuan?" Liu Tingting asked at this time.
"Who knows? But it's good that you asked this question. You should be skeptical." Gu Junhao said with a smile.
If Baoneng bought it at a price around 13 yuan last year, even if the overall cost is 19.83 yuan, it should not be liquidated so quickly.
The Baoneng Group has mobilized several main companies including Jushenghua, and it is impossible that there are only one or two accounts under its name. Even if there is a margin call, it will be on a small scale. However, if the stock price continues to fall, the danger is still unpredictable.
At 9:25, the call auction ended and Vanke opened at 19.10 yuan, down 3.61%, barely avoiding the limit down.
For now, let's believe what the secretary of the board said about the cost line of 19.83 yuan. Although the stock did not continue to hit the limit today, the situation is still precarious.
By 9:30 when the official trading started , Vanke A had a total transaction volume of 2.48 billion yuan during the entire call auction period, which shows how fierce the competition between the two parties was.
Today is destined to be Wan Ke’s day!
"You guys do it at your own pace and don't worry about Wan Ke. I will tell you when there is a decision." Gu Junhao said to Liu Tingting.
Since Junshi No. 2 made some adjustments to its portfolio, combined with the lessons learned from the failures of Kunkun and Lanlan in later generations, Gu Junhao decided to conduct some experiments on Junshi's price investment.
The scale is not large now. Once it expands to a certain extent, it will be too late to adjust the positions. Once there is any disturbance in the market, the smaller funds will naturally run away in advance.
KunKun, the most important reasons why Lanlan suffered heavy losses in her later life, apart from the fact that the ship was too big to turn around, was that the major holdings were all concentrated in the same sector.
Although the style is unified, with the deep correction of the sector, the losses will naturally increase.
Given Junshi’s current scale and position in the liquor sector, there is naturally no need to worry about this issue. However, when the scale is smaller, it is also the best time to experiment.
What Gu Junhao wants to do now is to adjust the positions of individual stock sectors to see if he can maximize the gains of a certain sector without causing too large a retracement rate during a retracement.
For a fund manager, the drawdown rate is the most important. A good fund manager in the market is not the one who earns the most, but he must have the smallest drawdown rate.
This is what retail investors call "shorting across bull and bear markets". Being able to maintain the smallest retracement in a bear market is the key to success.
The same is true for ordinary investors. Those who can really make money are not those who can get the daily limit every day, but those who maintain the least losses during the decline.
At 9:30, as soon as the transaction started, a huge amount of buy orders appeared on the Vanke A trading board, totaling more than 280,000 lots.
In just tens of seconds, Vanke A completed a transaction of nearly 3.5 billion yuan, and the huge amount of buy orders pushed Vanke's stock price up rapidly.
In less than a minute, Vanke A closed at 19.43 yuan, with the decline narrowing to 1.82%. The stock comment area was also unusually lively.
"Brothers, charge! The funds for Baoneng have arrived. It's time for a major counterattack."
"This volume is simply going to explode. Just after the opening and the call auction, the transaction volume exceeded 6 billion yuan. The market is about to be sucked up by him."
"It's so exciting. My heart beats faster just by looking at it. How big of a heart do these traders have."
"How much insurance do they have to sell? Bao Neng really treats money as if it's nothing. It's so awesome."
"No, I have to buy one share to participate. I can't not participate in stocks like this."
"Fuck! It's going to be a red. It's really fierce today. It looks like more than just Bao Neng is buying it."
In addition to the explosive volume in the opening stage, Vanke's trading volume is still off the charts, with an average transaction volume of more than 300 million yuan per minute.
At 9:35, the share price of Vanke A turned positive and closed at 19.82 yuan. However, the increase did not stop. The intraday trading volume of Vanke A increased slightly, and the share price peaked five minutes later.
At 9:40, the share price of Vanke A was 20.78 yuan, up 5%. Within 10 minutes, the increase was nearly 9%.
The nearly 9% increase in 10 minutes completely ignited the popularity of Vanke. However, the sharp increase in a short period of time was also followed by a market crash.
There are many institutions and big investors doing T, including Wang Ruoyu.
Since the boss did not give an obvious buy signal and suffered two consecutive limit downs with no volume, today Vanke's volume increased abnormally. Wang Ruoyu naturally would not miss this rare opportunity to do T.
Since the call auction, Wang Ruoyu has organized people and started preparing for Vanke A's intraday T today. Xu Jianqing, who couldn't stand the loneliness, took the initiative to come over to help.
During the 10-minute period , several traders including Xu Jianqing worked at full speed, and the entire 100,000 positions of Vanke A were rotated.
"It's exciting. It's been a long time since the boss went to the public fund. It would be great if there were more days like this."
Xu Jianqing couldn't help but sighed that at this time, Junshi No. 2 Vanke's overall holdings had been rotated.
Wang Ruoyu was checking the results and did not respond to Xu Jian's words.
Other traders participating in the transaction were also greatly excited at this moment. The stocks held by Junshi No. 2 were good in every way except that they were too stable. The intraday fluctuations of most individual stocks were very limited.
"Haha, that's good. We made more than 10 million in just 10 minutes. This is another addition to your performance this month." After the inventory, Wang Ruoyu said with a smile.
"Is there a share for me?" Xu Jianqing took over the conversation.
"None for you, but I can buy you a cup of coffee."
"Haha, sure, coffee is fine too."
After the rapid decline, Vanke's intraday trading volume also declined. After 9:45, its per-minute trading volume had dropped below 200 million yuan.
By 10 o'clock, the share price of Vanke A was 19.64 yuan, down 0.76%. After a 20-minute decline, the share price of Vanke A fell to a low of 19.40 yuan.
Obviously, these large funds passing by have no intention of helping Baoneng maintain its stock price. They only want to take advantage of the price difference when Baoneng raises its share price to obtain the maximum profit.
The dividing line of the price difference is also very easy to determine, that is, the gap between Vanke's 20-day line and 10-day line. Today's opening price happens to be the support position of Vanke's 20-day line.
The high price of 20.78 yuan is basically close to the price of Vanke's 10-day line.
Although the technical analysis cannot be used as a complete reference, there are still traces to follow in individual stocks where large funds are involved.
Bao Neng's funds remained unchanged, and everyone remained unchanged as well. The trading volume of Vanke's intraday transactions further declined, and the trading volume per minute had fallen below 50 million yuan.
Without the buying of large funds, Vanke's stock price has been falling, which has been a tough time for some retail investors who bought in at high prices in the early trading session.
At the midday close, Vanke A's share price closed at 19.15 yuan, down 3.23% on the day, returning to the opening price and near the 20-day line support level.
Retail investors who were stimulated by the market and chased high prices in the early trading suffered the highest loss of more than 8%, which was really miserable.
"I was trapped as soon as I entered. It was really unlucky."
“Although I bought it at a loss, I still got stuck. These major investors are working together to reap the profits.”
"Where is the guarantee? If you don't pull it up now, you will be liquidated. Hurry up and pull it up in the afternoon. The market is already in the green, what are you waiting for?"
"It's exciting, but I don't dare to participate. It's so simple, this trend is deadly."
"More than 10 billion yuan was traded in the morning, and the stock price fell by 3%. It will be difficult to pull it up in the afternoon. Brothers who chase high prices can only wish you good luck."
"What are you afraid of? Baoneng's cost is 19.83, and mine is 19.4. Are you still afraid that he won't pull it?"
"Stupid, didn't you watch the news? Baoneng's funds are leveraged. To put it simply, they are all borrowed from banks and securities firms. If you lose money, it's not your money. Your money is your own."
"Shouldn't retail investors stay as far away as possible from this kind of game where the gods are fighting? They should just watch from afar, but they actually dared to rush in. They are simply asking for trouble."
The Vanke stock trading community was extremely lively during the midday closing period, and the heat continued in the afternoon.
Vanke, whose share price had fallen to near the opening price, finally rebounded to a certain extent. Since the opening of the afternoon session, Vanke's trading volume increased slightly again, and the share price rose to around 19.50 yuan within 10 minutes.
Subsequently, during the afternoon trading, Vanke's stock price entered a low-level fluctuation, with the stock price remaining in the price range of 19.30 yuan to 19.50 yuan.
Until 15 minutes before closing, just like yesterday, Vanke's stock price moved abnormally at the end of the trading day, and it quickly rose from 19.40 yuan.
At 15:00, Vanke closed at 19.80 yuan, up 0.05% on the day. The total trading volume for the day was as high as 20.11 billion yuan, and the turnover rate reached 10.59%.
Today, the total trading volume of the Shanghai Composite Index for the whole day was only more than 240 billion yuan, and the trading volume of Vanke A alone accounted for almost 9% of the total trading volume of the Shanghai Composite Index for the whole day.
At the price of 19.80 yuan, Baoneng is still on the verge of death.
At seven o'clock in the evening, Vanke issued an announcement, announcing changes in shareholders' equity.
"From July 5 to July 6, 2016, Jusheng Huatong increased its holdings of the company's A shares in the secondary market by 78.3923 million shares through an asset management plan, accounting for 0.71% of the company's total shares.
After the completion of this equity change, Ju Shenghua and its persons acting in concert hold a total of 2.75978 billion A shares of the company, accounting for 25.00% of the company's total shares. "
Through two days of share purchases, the Baoneng Group increased its shareholding ratio to 25%, triggering the fifth round of shareholding!
According to my country's securities law, during the acquisition of a listed company, once the acquirer's shareholding ratio reaches 25%, the acquirer shall not make further purchases or sales within two days.
In other words, within the remaining two trading days of this week, the Baoneng Group is no longer allowed to buy Vanke shares.
The inability to purchase additional shares makes Baoneng, which is already not in an advantageous position, even more passive. Two days can change a lot in the period of equity competition.
Following Vanke's company, Baoneng also quickly introduced countermeasures, which was to formally propose to Vanke to hold the second extraordinary shareholders' meeting this year.
