Chapter 409: Chaotic Early August
The data of Junshi’s two funds this month are still very impressive. The net value of Junshi Price Investment has reached 1.6411. The net value of the fund has been positive for four consecutive months, continuing to break its own record.
The total value of Junshi No. 2 has expanded to over 8.977 billion yuan, less than 30 million yuan away from the 9 billion yuan mark and less than 1.2 billion yuan away from a 10 billion yuan private equity fund.
In a bear market, it is really important to hold the right sectors and stocks! Junshi’s two funds perfectly illustrate this point.
The liquor sector, in which both funds have heavy holdings, has risen by as much as 9.24% this month.
After six months of upward trend, the monthly high point of liquor has successfully broken through the position since June last year.
The losses caused by several rounds of stock market crashes have been fully compensated, and the trends of Maotai and Wuliangye are still the most representative.
Maotai has a monthly increase of 7.27%, with six consecutive positive monthly lines. Wuliangye has surged 11.19% this month, with five consecutive positive monthly lines.
Both stocks have broken through their highest points since last year, and first-tier liquor brands have begun to enter the trend-setting market after performance recovery.
Li Daxiao has been urging retail investors to buy blue-chip stocks since last year's stock market crash. In the past few months, the stocks have all performed well, and most of the stocks have already approached last year's highs.
Of course, this does not include the Chinese-character sectors that were hyped last year. It is mainly composed of some blue-chip stocks that did not rise much during last year's leveraged bull market.
The most representative of the stocks with Chinese characters in their prefixes is Zhong Guo Zhong Che. Since it peaked in April last year, only three months in the past 14 months have seen full-month gains, and the highest monthly increase has not exceeded 10%.
By the end of July, CRRC's share price had fallen to around 9 yuan. Compared with its highest point of 39.47 yuan, the loss per share was more than 30 yuan.
The stock of Zhongguo CRRC can almost be seen as a microcosm of this round of bull-bear rotation, and it is very representative.
There are countless small and medium-sized growth stocks that have been hyped up and have received the same treatment.
Therefore, for retail investors, chasing highs is often more dangerous than buying at the bottom, and being stuck may be a lifelong thing.
If the stocks that were hyped up in 2015 had not caught the trend, 80% of them would have had no way of getting out of the market.
On the first day of August, the Shanghai Composite Index hit the bottom again, looking for support downward. Vanke A opened low again in the morning and then began to fluctuate upward.
Gu Junhao, who returned to Trading Room No. 1 today, once again asked traders to deposit the newly subscribed funds over the weekend into Vanke A to continue increasing their holdings.
On that day, Vanke A closed at 17.17 yuan, up 0.18% on the day, bucking the market trend and turning positive. Vanke, with eight positive lines in seven trading days, has attracted the attention of some people with a keen sense of smell.
In the afternoon, a rather sensational piece of news came out. Since the beginning of this year, in order to compete for the taxi travel market, Didi Travel and Youbu Travel have been fighting with all their might.
In order to expand their market share, the two companies staged various battles to grab passengers and drivers, and all kinds of red envelope subsidies were launched online in large numbers.
And this is only the first battle of travel software. Kuaidi has not yet been launched, and there will be another battle later. When it comes to the ability to burn money, Internet companies are unrivaled.
Today, Didi Travel announced the acquisition of Youbu Travel. From now on, Youbu, as a foreign-funded company, will gradually withdraw from the domestic market. The first stage of competition ended with Didi Travel's victory.
For this acquisition, the market is most concerned about whether it will trigger antitrust regulations, while passengers and drivers are most concerned about whether the red envelope subsidies will continue.
As a group of online ride-hailing drivers, we are particularly concerned about this topic. You must know that when the two companies are fighting, online ride-hailing drivers are the biggest beneficiaries.
In his previous life, Gu Junhao had heard that during this round of war, the income of online car-hailing drivers skyrocketed. Gu Junhao was not sure about the exact amount of income, but it was definitely much better than the era when one company dominated the market.
This is a rare opportunity for ordinary people to enjoy the dividends of the Internet. There are not many such opportunities, but there are two more. One is the re-enactment of the online car-hailing war, and the other is the food delivery software war.
In the next few years, these two industries will be dominated by one company and will be accompanied by various controversies.
The commission in the food delivery industry is said to be very high, but Gu Junhao has never seen it with his own eyes. However, he has seen the commission for online car-hailing services once.
Once, Gu Junhao took an online taxi and paid more than 11 yuan for the fare, but the driver received less than 9 yuan, which shocked him when he witnessed it with his own eyes.
This is much faster than my big A making money by just lying down.
On the morning of August 2, news of the trial operation of the so-called Ba Tie No. 1 test vehicle was widely circulated in the A-share market. Just like in the past, it unsurprisingly triggered another round of small-scale speculation in the A-share market.
After witnessing such a speechless event for the second time, Gu Junhao was able to remain calm. He was far less surprised than when he saw the market hype caused by this news in his previous life.
In the A-share market, any topic can cause hype, no matter whether it is true or false, it will be hyped first.
At the beginning of August, amidst this chaos and strange news, everything seemed so ridiculous.
Vanke A ended trading today with another increase of 2.56%, and the stock price began to face the pressure level of the 20-day line.
On Wednesday, August 3, Vanke's share price rose 1.53% on the day, easily breaking through the 20-day line pressure level, and the share price was reported at 17.88 yuan.
After the decline on August 1, the Shanghai Composite Index ended the past two trading days in the green. Although the increase was not large, it at least returned to above the 5-day line.
Compared with the previous round of decline to around 2800 points, after a nearly half-month adjustment at the end of July, the index has been able to stabilize above 2930 points, which is much stronger.
The market trend of falling at the end of the month and rebounding at the beginning of the month is still continuing. As usual, if there is a fall at the beginning of the month, the possibility of a rise at the end of the month is greater.
On August 4, Vanke continued to open low in the morning, at 17.76 yuan.
A very interesting statistic is that since July 20th, there have been a total of 12 trading days till today. In these 12 trading days, Vanke opened with a low trend all the time.
However, excluding the 11 trading days before today, Vanke only closed with a negative line on July 27, the day when the three major indexes fell sharply.
Vanke A, which closed with 11 positive lines in 12 trading days , had an overall excess of no more than 7% based on the lowest price of 16.74 yuan and yesterday's closing price of 17.88 yuan, excluding dividends.
The signs that funds are suppressing the market to absorb chips are very obvious.
Vanke opened low in the morning, and its share price remained in a narrow range of fluctuations, with a fluctuation of no more than 1.5%, and it seemed that it would maintain the previous trend.
At the midday close, Vanke closed at 17.83 yuan, down 0.28% on the day, and the K-line showed a very small false positive cross.
However, at 12 noon, Caixin.com broke the news that Daizi was buying a large number of Vanke shares in the secondary market, and his shareholding ratio had exceeded 2%.
In response to media inquiries, Daizi flatly denied it and said the media reports were untrue.
"Here it comes, haha." Gu Junhao naturally paid close attention to the news about Wanke. After seeing this news , Gu Junhao naturally thought that the man was lying.
However, it is not important to admit it. Vanke, which has been continuously showing an upward trend of accumulation, only needs a trigger to explode.
Even if Belt denied it, for him, who had both money and status, it was sufficient reason for him to take advantage of the fighting between Bao and Wan to enrich his real estate empire.
It is always more reliable than the Pakistan Railway No. 1.
In the afternoon, the share price of Vanke A, triggered by the news, quickly turned positive. After a brief consolidation, the trading of Vanke A began to move abnormally, and large buy orders began to pour in continuously.
At 13:30, the share price of Vanke A was 18.88 yuan, with an increase of 5.59%. After consolidating at a high level for half an hour, Vanke A was once again pulled up to more than 8%.
After being silent for more than half a month, Vanke A has once again become the focus of A-shares, and Vanke's stock comment section has become active again.
"Shit, did the belt really save us? If so, then there's hope for a solution."
"I finally waited for you. Fortunately, I didn't give up. The cost is 19.79, and I hope to make a profit."
"I was badly cheated by Boss Yao, but was saved by Brother Belt. It's really funny."
"It exploded this afternoon. I beg you to push it up to the daily limit. If it does, I will get my money back if it goes up tomorrow. I will never touch this stupid thing again."
"Damn it, for more than 10 days, the market opened low every day. I couldn't stand it anymore and sold it, and then it went up. I'm speechless."
In the last half hour of trading, Vanke A staged a buying spree amid volatility, and the stock price finally closed at 19.67 yuan, up 10.01% on the day.
Today's trading volume of Vanke A is twice that of yesterday; it is obvious that even if it is denied by the market, the hot money inside and outside the market still tends to go long.
At this time, there was thunderous cheers in the two trading rooms of Junshi Capital. The traders involved in the trading of Vanke A were extremely excited. Their accumulation of funds for many consecutive days finally paid off.
"Boss, awesome! I successfully hid inside Wan Ke again, hahahaha!"
"It's paid off. This month's sales champion should be mine, right? Haha."
"Don't be too happy too soon. It may not be true that the belt was purchased."
"I don't care who bought it. The stock price has gone up. As for where the money came from, I don't care at all. As long as I know that the boss is awesome, that's enough."
It is no wonder that the traders are so excited. Compared with the last time, Gu Junhao has invested a huge amount of money this time. All the safe funds that the two funds can mobilize have been invested.
As of today, the number of Vanke A chips distributed in the two Junshi funds exceeds 800,000 lots. As of today, the stock price has reached the daily limit, with a total market value of more than 1.57 billion yuan.
With today's daily limit, the market value of Vanke among the two funds soared by more than 140 million yuan, making it a clear winner.
At 5:30 p.m., the details of the Vanke A Dragon and Tiger List were announced. Two seats from the Guangfu Liede Avenue Securities Branch and one seat from the Tianhe Road Securities Branch occupied the top three buying seats on the Dragon and Tiger List.
The three seats bought a total of 2.2 billion yuan, accounting for nearly one-third of Vanke's total transaction volume today.
These three seats are located near the headquarters of Belt, and the response at noon is self-defeating!
Seeing that it could not be concealed, Belt simply announced to the public this evening: "As of August 4, 2016, the company purchased Vanke A shares through a nearby company, accounting for 4.68% of its total share capital."
With a 4.68% stake, the company is just one step away from its first stake acquisition. Judging from the amount of capital disclosed in the announcement, the cost of the belt during this period was only 17.62 yuan.
The total investment of 9.1 billion yuan also includes today's increase of 2.2 billion yuan. After today's daily limit, Belt Aili reached 11.63%, with a profit of more than 1 billion yuan!
"The trader is really amazing. He was able to achieve such a low cost with more than 9 billion yuan of funds. He is amazing!"
This is the general comment of the market on the Belt Family traders after the market closed. Compared with the mindless buying of Baoneng, they started to absorb a large amount of shares near 13 yuan and actually reduced the cost to 19.83 yuan, which is much better.
It should be noted that from the first time Zibaoneng raised its stake to the wave of price increases before the suspension, affected by the overall market and the stock market crash, Vanke's stock price experienced a sluggish period of more than half a year, and remained around 13 to 15 yuan for a long time.
During this period of more than half a year, the stock price fell to a low of around 12.50 yuan and a high of around 15.3 yuan. In addition, Vanke's average daily trading volume was not low during this period of more than half a year.
It can only be said that the good situation has turned into what it is now. In addition to the boss of Baoneng himself, the trader also has to bear certain responsibilities.
"Learn from them and see how they operate the market. They are able to keep the cost so low. If the news hadn't leaked out and they had no choice but to raise the price, it would probably be even lower."
In the evening, Gu Junhao specifically called out Xu Jianqing and asked him to see how other traders operated while he was still building a position.
With the exposure of the Dragon and Tiger List and the announcement of Belt, Vanke A attracted great attention in the evening, and major media analyzed the specific purpose of Belt's entry.
As for how Caixin.com learned about the specific shares that Daizi bought, some media and self-media have pointed the finger at Vanke's management.
As the management of Vanke, which had been fighting with Baoneng for almost a year, saw victory in sight but was robbed by the belt, they naturally did not want the fruits of victory to be plucked by competitors.
In addition, the secretary of the board of directors had previously publicly disclosed the cost price of Baoneng, which was against the principle, and ordinary investors also firmly believed in this view.
This sounds like something they could do.
On August 5, Vanke's share price surged again by 6.51%, closing at 20.95 yuan. It even hit the daily limit at one point during the trading session, and the daily trading volume also increased again to 7.86 billion yuan.
After being trapped for more than half a month, Bao Neng can finally breathe a sigh of relief and return to profitability.
I guess Boss Baoneng didn't expect that the one who saved him in the end would be Brother Belt, although Brother Belt's real purpose was not to save him.
At the same time, Brother Belt also saved a large number of small investors who were previously trapped and did not choose to cut their losses, and to a certain extent, once again boosted the popularity of the concept of holding up signs.
In 2016, in the chaotic early August, Belt Brother’s popularity in the A-share market reached its peak. At this time, his industry was still several years away from collapse, and his life was at its most glorious period.
