Chapter 408: Belt joins the game?
After more than ten trading days of consolidation, the Shanghai Composite Index was finally broken on Wednesday, July 27.
On that day, after the three major indexes opened slightly higher, the trend was relatively flat before 11 o'clock in the morning, and the indexes fluctuated narrowly around the flat line.
Since the sharp drop at the beginning of the year, the Shanghai Composite Index has been hovering around 2,800 points for nearly five months, and has now been consolidating above the 2,900 platform for nearly a month.
The bear market atmosphere has made investors' investment style extremely cautious. For seven months, investors' enthusiasm for chasing high prices has been eroded.
The pressure above 3,000 points and the unfavorable environment have all made investors accustomed to fluctuations in a range. When the stock price rises to a certain level, they will run away and wait and see.
In addition , after the new management took office, the crackdown on hot money has begun to show signs. Some small and medium-sized start-up stocks will be forcibly suspended by the exchange after several consecutive daily limit increases.
The new rules require an adaptation process for hot money and even retail investors. As for how to adapt, it is nothing more than losing money.
Most short-term stocks start with a limit down after resuming trading, and often good trend lines will be forcibly destroyed.
In short-term trading, emotions are very important. When the market frequently reaches the peak of such emotions, it is time to hold on.
As time goes by, after three or two daily limit increases, hot money dares not push up the price, and retail investors no longer have the enthusiasm to chase high prices. The market height cannot be broken, and the consolidation posture will only become weaker and weaker.
The situation that a long-term consolidation would inevitably lead to a fall began to be broken after 11 o'clock. The three major indexes plunged rapidly. In the half hour before the morning closing, the Shanghai Composite Index fell by more than 1.5%.
At midday close, the Shanghai Composite Index was at 3000.79 points, down 1.62% on the day, hitting a new low since July 12.
The ChiNext Index plunged by as much as 3%. The moving averages of the three major indexes except the 60-day moving average were all broken, triggering a new round of panic on the market.
The reasons for the plunge were also widely spread at the time of midday closing, with the recent tense confrontation in the south resurfacing.
Due to the force majeure on the news front, the Shanghai Composite Index fell below 3,000 points in the afternoon and it was unstoppable. This is how it is in a bear market. At the slightest sign of trouble, everyone will just want to run away.
At the afternoon opening, the three major indexes continued the morning's diving trend. The Shanghai Composite Index fell nearly 4% at one point, and the index fell to the starting position on July 4.
The ChiNext Index plunged by more than 6% in the afternoon, once again touching around 2,000 points. The number of stocks in the small and medium-sized ChiNext sectors that hit the daily limit began to increase gradually.
Huangshanghuang, which Junshi previously sold at a low price, closed at the lower limit again this afternoon, with the share price at 51.84 yuan. The number of sell-off orders on the lower limit began to gradually increase.
After half a month of adjustment, with the intervention of sudden negative news, the emotions were fully vented.
Facing the panic on the market, Gu Junhao seemed somewhat happy: "Not bad, the situation has been vented within one day, and if we trade for a few more days, we can basically achieve a second breakthrough."
From the perspective of the time span, the index has been adjusted for more than half a month. There was a big drop near the end of the month, which almost wiped out the gains of the whole month. If there is support from below, it is also in line with the principle of bottom fishing.
"Ruoyu, let them increase their holdings in Vanke." Gu Junhao said to Wang Ruoyu.
In the past few days, Gu Junhao has been in trading room No. 2, supervising Xu Jianqing and others to build positions in Mahua Holdings and Shunyu Optics.
Today's big plunge in A-shares has little impact on the Hang Seng Index. Apart , the trend remains very smooth.
The Hang Seng Index did not react much to this kind of international news, which means there is no problem.
Therefore, the specific direction is not very clear. If Gu Junhao had not traded stocks, he would not have known about this in his previous life.
It is said that people who trade stocks know everything about astronomy and geography; they are well-informed about all kinds of news, and Gu Junhao is no exception.
What's more, the current Junshi Capital team is no longer comparable to the previous life when he was the only one trading stocks.
Take the two trading rooms for example. Each of them has a dedicated screen that scrolls . In addition, the company's technical department will also do some keyword screening according to Gu Junhao's requirements.
Both in terms of equipment and information sources, they are countless times better than ordinary investors. Traders had already captured the unusual movement before the market plunged sharply at the end of this morning's trading.
Today's one-time adjustment is a good thing for institutions like Junshi Capital, as it reduces a lot of unnecessary waiting time.
Take Vanke for example, today is definitely a good opportunity.
Since hitting the bottom of 16.74 yuan on July 20, Vanke has had five consecutive positive daily lines, whether real or false. Whenever the stock price falls, a mysterious fund will appear to pull it up.
There were very obvious signs that someone was accumulating funds. Gu Junhao felt that the possibility that it was the belt was the greatest, as he was the only one with the ability and motivation to do so at the moment.
Not to mention that Baoneng, who holds 25% of the shares, has no money, but no matter how many shares Vanke's management buys, it will be announced to the outside world, which is almost a matter of fact.
Previously, insurance funds such as Anbang obviously wanted to take advantage of the situation to gain profits.
After the situation became clearer, these people naturally stopped their actions and there was no need to invest money to buy Vanke's shares.
Vanke A opened at 17.78 yuan today. In the afternoon, affected by the index, it fell to around 16.9 yuan, a drop of nearly 5%, but it was quickly pulled up.
In less than five minutes, Vanke A fell rapidly, and bottom-fishing funds intervened significantly. The trading volume in the intraday stage increased significantly compared with the morning, and the stock price quickly rose to around 17.2 yuan.
It was during this period that Gu Junhao asked Wang Ruoyu to buy at the bottom. After 20 minutes of large volume, Vanke had begun to stabilize.
It is relatively safe to intervene at this time.
When buying at the bottom, you should buy in a safe position. There is no need to pursue the lowest price. The low price during the trading session is often confusing. Only when it is confirmed to be safe can you guarantee a profit.
If the capital is small and the intraday situation is unclear, you can choose to start building a position in the call auction range at the end of the trading day.
Because this is basically the closing price of the day; on the second trading day, as long as you don’t step on any big mines, there are opportunities to make a profit or stop loss.
What ultimately determines whether a stock is profitable in the long run is its gain, not its amplitude.
Since 13:30 in the afternoon , Vanke's stock price began to stabilize, fluctuating between 17.2 and 17.5 yuan, and closed at 17.42 yuan at the end of the trading day, with the decline narrowed to 2.02%.
The price of 17.42 yuan also brought Vanke back above the five-day line of the daily chart. Although the five-day winning streak ended, the overall trend remained.
Then in the last two trading days of this month, the Shanghai Composite Index began to recover after a sharp drop, and the index showed a daily trend of one positive and one negative, closing at 2979.34 points with a monthly increase of 1.70%.
In the past two trading days, Vanke continued to maintain its upward trend. On the 28th, Vanke closed at 17.92 yuan, with a share price increase of 2.87%.
The 29th was Vanke's ex-rights date. After the dividend, Vanke's stock price returned to 17.20 yuan. On the same day, Vanke opened at 17.05 yuan.
Today is the day when Junshi Investment builds a position in Vanke. Early in the morning, Liu Tingting started buying Vanke A according to Gu Junhao's instructions.
During the trading session, Vanke's lowest point hit 16.81 yuan. Even after the ex-rights, it has not set a new low. In the end, Vanke, with a daily turnover of 3.4 billion yuan, ended this month's turbulent trading at a price of 17.14 yuan.
In the eight trading days from the 20th of this month to the end of the month, Vanke's daily trend line showed eight positive and one negative trends, stabilizing above the 60-day line.
The bottom of Vanke has gradually become clear, and its future performance will depend on whether the recent secret accumulation of funds is successful.
