Chapter 410: Adapt to the rules, adapt to the market.
The two days of the weekend belonged to Vanke and Belt Brother. The media reports were very unfavorable to Vanke’s management.
This time, the pressure brought by the essay was transferred from the belt to the Vanke management.
As a result, Vanke’s management had to urgently refute the rumor with a company announcement, stating that the rumor that Daizi had bought Vanke shares did not come from them.
However, at the moment, the media and the public obviously do not believe this statement , and Daizi has previously firmly denied that he did not buy Vanke.
How did Caixin.com know such detailed shareholding ratios? It couldn’t be that the China Securities Regulatory Commission revealed it to them, right?
On Monday, August 8, Vanke continued to rise by 4.39%, with its share price reaching a high of 22.95 yuan. It had 14 positive lines in 15 trading days and eight consecutive positive lines at the daily level.
The high price of 22.95 yuan during the trading session also released all the trapped shares since the resumption of trading on July 4. The closing price of 21.87 yuan was not much lower than the price of 21.99 yuan on July 4.
For two consecutive trading days, Vanke rose and then fell. In addition to the fact that there were too many trapped shares, this also shows the cleverness of the Dailijia traders.
During the trading session, you only need to guide the emotions correctly, and the rest can be driven by the market itself. This is much more cost-effective than forcing it to rise by yourself.
Another aspect is that Belt's shareholding has not exceeded 5% so far, and the market is worried that Belt will just take action and run.
There is no need to issue a notice for a reduction of less than 5%. Theoretically, as long as the investor wants to and there is enough capital in the market to take over, he can completely liquidate his holdings, which is no different from retail investors.
In fact, if the holding rate is less than 5%, there is no need to issue an announcement. This is one of the reasons why people do not believe the rumor-refuting announcement issued by Vanke’s management.
Using the social status and fame of the belt as well as the influence of his own company which is also a listed company, he forced him to reveal his cards in advance.
For two consecutive trading days, Vanke's stock price rose by more than 10%, and the trading volume in two days reached 16 billion yuan. However, there was no announcement from Daizi that he would increase his holdings again in these two days.
As the announcement of the takeover was delayed, on August 9, some investors of Vanke began to sell their shares in Vanke to avoid being trapped again and fearing that they would end up being the ones to take over.
This was the first time that Wan Ke had a disagreement since Belt intervened .
On Wednesday, Vanke opened high and closed low, eventually closing at 21.97 yuan, with a share price increase of 0.46%. However, because it was lower than the opening price of 22.11 yuan, the K-line closed with a false negative cross line.
This is where the divergence in Vanke's share price began; on Wednesday, Vanke plummeted 3.5%, and on Thursday, Vanke fell again by 2.31%, with its share price returning to 20.71 yuan.
Compared with the high of 22.95 yuan, Vanke’s stock price has retreated by more than 10% in three trading days.
During these four days, the Shanghai Composite Index has performed quite well. On Monday this week, the Shanghai Composite Index officially broke through 3,000 points. After three days of adjustment, although it experienced two consecutive declines, as of today's close, the Shanghai Composite Index still remained firmly above 3,000 points, reporting 3,002.64 points.
Since the last time it fell below 3,000 points on April 20, the index has finally reached this point after three and a half months of repeated bottoming out, which is quite difficult.
Vanke's three consecutive negative trends and the news vacuum since the clarification announcement have caused the market to question whether Belt really intends to bid for Vanke.
On the contrary, in recent times, Belt has been attacking other stocks, mainly real estate companies. Stocks such as Langfang Development, Jiakaicheng and Longxing General have been taken over by companies and real estate groups under Belt.
With the continuous bidding, the concept of "belt system" has emerged in the A-share market. Also associated with the belt system are concept stocks generated by the bidding of other insurance funds and several other funds.
The concept of raising a placard has been the hottest hotspot for speculation since the beginning of this month, apart from the new stocks and real estate sectors, attracting countless hot money and retail investors.
Langfang Development in the belt system is the undisputed market leader in popularity. From August 1st to the 9th, the increase in Langfang Development reached 62%.
As expected, Langfang Development, which had too many daily limit increases, was also suspended for self-inspection after the close of trading on the 9th. Regarding this, the regulatory authorities treated all of them equally and did not give any special treatment because of their special backgrounds.
Recently, with the entry of insurance funds, insurance funds have once again become active at the forefront of stake-raising, and Anbang has also recently staked in many companies.
Including Baoneng, they have all bought stocks of other companies that are cheaper to a certain extent, although they have suffered a lot in the battle for Vanke's equity this year and even faced the risk of a margin call at one point.
However, after the risk of liquidation was lifted, Baoneng took new actions under the cover of other insurance funds. More than 25% of the shares of Nanbo A, a listed company, have been bought by Baoneng.
An interesting phenomenon is that the hype about the concept of raising the placard is not attractive to retail investors as Vanke, the undisputed leader.
Perhaps it was the sharp drop in the previous period that caused a certain shadow on retail investors , and they are more willing to chase some junk stocks that were created by hot money to forcibly ride on the concepts.
But in short, stocks like Vanke, which have authentic concepts and good performance, are not very popular in the current market.
This is also a common problem with blue-chip stocks at present. Even though the liquor sector, which is supported by Gu Junhao's concepts, had a very good market trend last month, his fans did not have many intentions of buying and holding.
Yes, that's right, just like the belt series, with the continuous increase in the net value of Junshi funds, a number of Junshi concept stocks have also appeared in the current A-share market.
Some hot money summarized some of the stocks that Gu Junhao had bought, especially some of the new stocks this year, such as Huang Shang Huang, which appeared among his holdings last quarter.
After a sharp drop at the end of last month, the stock was pulled up again this month, and the Shanghai Gang is still operating this stock.
The Shanghai Gang, which had been harvested twice, also summed up its experience. It used Gu Junhao's fame to hire some internet trolls and began to hype this stock in order to make a profit and clear out its positions.
The hot money that can survive in the market for a long time can be said to be the most tenacious group of people. No matter how many times they are harvested, they can quickly adapt to the rhythm of the market and find new ways to make profits.
This is the reason why this group of people has been able to last for a long time. After a period of time, they have become well adapted to the management's suspension tactics.
Some of the top speculators have been able to take advantage of this regulatory rule and started to reap profits within the scope of the rule.
The aspect of human nature that one can make good use of rules has been brought to the extreme by them.
From 2013 to the first half of 2015, the bull market in small and medium-sized growth stocks created a new generation of retail investors' enthusiasm for these concept stocks.
Even though the stock market crash happened more than a year ago and a bear market has actually formed, retail investors' perception has not changed.
Although stock investment requires a systematic operational approach, if changes in concepts do not follow changes in the market, losses are inevitable.
At 9 o'clock in the morning of August 12, Vanke, which had not issued an announcement for several days, suddenly issued an announcement 15 minutes before the start of the call auction.
Regarding the change in shareholders' equity, seven investment companies located in Guangzhou increased their holdings of the company's A shares by 551.96 million shares through the Shenzhen Stock Exchange's centralized bidding trading system between July 25 and August 8, accounting for 5% of the company's total shares.
The five investment companies are persons acting in concert. After the completion of this equity change, these five companies will be persons acting in concert. This change also means raising the placard!
As the market was about to open, retail investors were busy looking for stocks suitable for short-term trading in the market. The announcement issued by Vanke A, which had three consecutive declines, did not attract much attention.
However, Gu Junhao would certainly not miss this announcement. These seven investment companies are now subsidiaries of Belt!
"Haha, it's not that they didn't raise the placard, they just took advantage of the rules to delay the release of the news for a few days. Interesting, this time Vanke's management team was so cooperative. It seems that the leaked news last time might have really been released by them."
"Is this to lower the price so that the price of increasing holdings can be cheaper?" Liu Tingting asked Gu Junhao.
"Well, it's possible. For large funds, even a dime, let alone a dollar, is still a considerable cost."
Since the first bid has been made, it is clear that Belt’s purpose is not just this. 5% of the shares is not enough for him.
It would definitely be more beneficial for belts if the price could be lowered a bit.
However, this tactic can only be used once. After the first time the sign is raised, the belt has already entered the state of showing the sign.
After the call auction ended, Vanke opened slightly higher at 20.80 yuan. Before 10:20 am, Vanke's trend did not change much, with a fluctuation of less than 1.5%.
After 10:20, Vanke's trading volume began to increase slightly, and after 10:30, the volume began to increase.
"It's here. Funds are starting to come in. I just don't know if it's me or others who are benefiting." Gu Junhao said with a smile as he stared at the trading board.
Retail investors may not care much about the announcement issued by Wange in the early trading session, but it does not mean that some game institutions have not paid attention to this.
The small-range fluctuation in the first hour of the morning session is also a tacit choice for large funds to accumulate strength.
While clearing out some uninformed floating chips, everyone buys the chips they want based on their own abilities.
For example, in the morning, when Vanke turned green and the stock price fell to near yesterday's lowest point, traders once again deposited the millions of funds that had been subscribed yesterday into Vanke's positions.
It can be said that this is a good opportunity to buy low, but due to the limitation of position, you cannot buy too much.
Similarly, in Trading Room No. 2, Wang Ruoyu, who was very familiar with Vanke, also organized traders to buy low in the morning session and look for T-doing opportunities.
