Chapter 411: The Operational Ideas of Top Speculators
At 10:35, Vanke A once again broke through the integer price of 21 yuan, and the intraday trading volume increased from less than 20 million yuan to more than 50 million yuan.
Large funds began to enter the mode of scrambling to buy shares, and Vanke A began to enter the mode of full long position.
Five minutes later, Vanke's intraday trading volume rose again, exceeding 100 million yuan. The increase in volume was accompanied by an increase in stock prices.
The unusual movement of Vanke also led the entire real estate sector to start moving upward. During the same period, the concept stocks of takeover also moved continuously and began to rise sharply.
The position of the central army is clear at a glance. When Wanke moves, the real estate industry and the placard sector will move.
During the three days of Vanke's adjustment, the performance of these two major sectors was not very good, and the size of the real estate sector even affected the performance of the broader market at one point.
The market, which had pulled back in the previous two trading days, was fluctuating around 3,000 points in the morning session today. With the rise of the real estate sector, it also entered an upward trend.
In August, the liquor sector, which had been rising continuously for nearly half a year, entered a state of adjustment. The real estate sector then took over the banner of liquor and led the market to continue its rebound.
Due to the suspension of trading of Langfang Development, the leader of the concept of holding a placard today has not yet been determined, and is currently being led upward by Zhongjun Wange.
At 11 o'clock, the share price of Vanke A was 22.01 yuan, with a daily increase of 6.28%, triggering another turmoil in the entire market.
However, after continuous increase in volume, Vanke's volume entered a period of stagnation and began to enter an overall trend of shrinking volume at a high level.
At 11:15, Vanke's lowest price was 21.58 yuan, and the increase narrowed to 4.20%. The intraday trading volume shrank again to around 10 million yuan.
At the midday close, Vanke closed at 21.88 yuan, with its share price up 5.65%. Vanke's trading volume throughout the morning was the same as the whole day yesterday, reaching 3.3 billion yuan.
There were no stocks in the real estate sector or in the concept of takeover that hit the daily limit in the morning. After losing its popular leader, the concept of takeover fell into a state of disorder as a whole.
In the afternoon, after Vanke's price rose slightly to 22.20 yuan, it once again entered a high-level shock adjustment. However, this time the low point was much higher than the low point after the morning's rise.
At 13:40, a fund of more than 200 million yuan pushed up the share price of Vanke A to around 8% again. At this time, the first stock that hit the daily limit in the real estate and shareholding concepts finally appeared.
After Jindi Group hit the daily limit at 13:30, it fluctuated for several minutes and at this moment it had firmly locked the daily limit position, successfully seizing the position of the leader for the day.
"Boss, Vanke is also testing the market. It seems that there is a high probability that the stock will reach the daily limit again today." Liu Tingting also noticed it at this time and said to Gu Junhao with a smile.
"Yes, this 200 million yuan should be used for testing the market. After the first stock hits the daily limit, more people will follow suit."
This is the so-called daily limit effect, which is one of the reasons why many retail investors are particularly obsessed with daily limit.
At 2 p.m., after the trial trading, Vanke's share price had risen by more than 9%, approaching the upper limit, further stimulating the rise of the real estate sector.
At 14:09, a buy order of 552 million yuan pushed the share price of Vanke A to 22.78 yuan, marking the first time that Vanke hit the daily limit!
At 14:13, after four minutes of fluctuations at the upper limit price, Vanke A began to see huge orders and the stock price instantly rebounded.
With Vanke's limit up, real estate stocks began to see a surge in limit ups. In addition to Jindi Group and Vanke, which had already hit the limit up, six more real estate stocks hit the limit up one after another.
This also includes the belt-tied Jiakaicheng.
The rise of the real estate sector also led to a surge in the banking sector, allowing the market, which was already somewhat shaky in the morning, to successfully reverse its trend. The Shanghai Composite Index rose by more than 1%.
A total of 38 stocks hit the daily limit in the two markets. Excluding new stocks and second-new stocks, among the 10 stocks that hit the daily limit, 6 were in the real estate sector!
The heat of real estate in 2016 was transmitted from offline to online in the golden month of August, and the hype enthusiasm reached its climax today.
At 5:30 p.m., the Dragon and Tiger List data was updated, and Vanke A had the best transaction today with a volume of 8.17 billion yuan.
Liede Avenue still leads the buying seats of Vanke. The Guangfu Liede Avenue Securities Branch of Essence Securities, which appeared in the buying seats, bought more than 685 million yuan today.
The belt strikes again! The announcement of Vanke in the morning also began to be disclosed and analyzed in detail. Some retail investors who did not understand the reason only then realized the reason why Vanke rose today.
Gu Junhao saw Galaxy Securities Shaoshi Securities Branch, the brother who became famous in the CNR and CSR, in the third buying position of the Dragon and Tiger List.
As expected of top-level hot money, it spent more than 260 million yuan today to buy a large amount of Vanke shares.
His operational thinking was also very simple. He had not intervened in Vanke before because he was not sure whether Daizi had the intention of raising the sign.
Once Belt has no intention of raising the bid, his funds will most likely become Belt's buyer. As a hot money investor, he will definitely not participate in this uncertain investment method.
After Vanke announced today that Daizi had officially raised its stake, at this point, the funds of the three parties, whether it is the management, Baoneng or Daizi, are all in a locked state.
None of these three companies can reduce their holdings in the secondary market without an announcement, and Vanke’s certainty has been achieved.
The best buying point to intervene in Vanke has already been formed. Gu Junhao is very suspicious that the purchase order of more than 200 million yuan at 1:40 p.m. is most likely his order.
For a hot investor, ignition is a necessary skill for them. More than 200 million yuan of funds can already dominate the trend of any small-cap stock.
But for stocks with large market cap and high trading volume like Vanke, it can only ignite the fire.
There were many hot money seats on the Dragon and Tiger list of Vanke's stock that hit the daily limit today, and the fifth buying seat bought 213 million yuan.
Gu Junhao believes that there will be more hot money that cannot be listed. For example, the purchases made by Gu Junhao’s two funds today were good, but they still failed to appear on the Dragon and Tiger List.
Today's daily limit is a watershed moment for Vanke after it resumed trading in 2016.
Top funds are competing for equity, institutions, hot money and retail investors are participating in the stock price game, the market is hot and all hype sentiments have been achieved.
Even if there was no memory bug from his previous life, Gu Junhao knew that it was only a matter of time before Vanke's stock price took off.
Although Gu Junhao doesn't do short-term trading very often, it doesn't mean that he doesn't know how to do it; on the contrary, Gu Junhao, who seldom did short-term trading in his previous life, had a relatively high success rate.
After all, he had appeared on the Dragon and Tiger list in his previous life. The first time Gu Junhao appeared on the Dragon and Tiger list in his previous life was in 2018.
On Monday, August 15, after the fermentation of weekend news, the real estate and stakeholding concepts soared in popularity, and Langfang Development also resumed trading today.
The resumed trading of Langfang Development has become the focus of the market. It opened high and continued to rise until it hit the daily limit at 10 a.m., breaking the curse that a temporary suspension of trading will lead to a limit down.
At the same time, this daily limit also allowed the share price of Langfang Development to officially double, and the four stocks in the belt system followed suit and finally achieved the daily limit.
This also includes Vanke A. Vanke A opened higher today at 23.45 yuan, and then the stock price continued to rise, reaching the daily limit at 10:36 am, with the stock price at 25.06 yuan.
The price of 25.06 yuan has very strongly broken through the high of 24.43 yuan before the suspension. The belt has undoubtedly become one of the main themes of market speculation in August.
The price of 25.06 yuan also made the market value of Vanke's holdings in Gu Junhao's two funds exceed 2 billion yuan. Following the belts and hot money in this round, he can be said to have made a fortune.
The surge in the real estate sector has also driven the recovery of the banking sector to a certain extent. You should know that Junshi Value Investment also has several bank stocks.
Therefore, although the liquor sector entered a state of adjustment this month, Junshi Price Investment still stubbornly maintained its upward momentum thanks to the rise of Vanke and banks.
This also provided Gu Junhao with some ideas, that is, due to the semi-public nature and position restrictions of public funds, they must pay attention to the rotation of sectors.
When focusing on one sector, although the investment style is relatively unified, the volatility of the fund will be relatively greater. Everything is easy when the sector is rising, but it will be a bit troublesome when it falls back.
"It seems that we must change our previous operating strategy of focusing on the liquor sector if we want to continue operating for a long time."
If the business only lasts until 2021, then it doesn't matter if you hold the liquor sector. Anyway, the fund will be liquidated by then, so you can just dump the stock without thinking. But this is obviously unrealistic.
Not to mention how big the scale was at that time, if he really dumped the market without thinking, Gu Junhao didn't know how much criticism and pressure from regulators he would have to endure.
Therefore, based on the reasons of long-term operation, we should pay attention to the diversification of holdings and try to reduce the volatility of the fund. In this way, even after the blue chips end their group, it will be easier to turn around.
Liede Avenue did not appear on Vanke's Dragon and Tiger list today. It was completely a spontaneous rise by various hot money, but at the same time, there were also large sell orders from institutions.
The institutional dedicated seat for selling No. 1 sold 965 million yuan of Vanke today, and there was no purchase. After a round of sharp rise, some institutions have begun to take profits in advance.
"Let's sell some tomorrow. Our holdings are too large. If some institutions stop losses, we will follow suit. There's no problem."
Before leaving work, Gu Junhao called Liu Tingting and Wang Ruoyu to his office and said that Vanke's stock price would definitely be much higher than this, but this round of increase was already significant.
Calculated from the bottom of 16.74 to today's price of 25.06 yuan, Vanke's rebound has been close to 50%. If dividends are included, it has exceeded 50%.
For an institution, a stock price increase of more than 50% in less than a month is completely at the profit-taking level.
On August 16, Vanke opened and closed higher again amid the frenzy of hot money. With an amplitude of only 5.83% throughout the day, Vanke's trading volume exceeded 9 billion yuan.
Vanke's share price also reached 27.57 yuan, marking three consecutive days of gains. Junshi Group's profit from Vanke today reached more than 200 million yuan.
Wang Ruoyu and Liu Tingting, who were in the trading session, also started to reduce their holdings of Vanke A on a large scale today as requested by Gu Junhao. In this round of bottom-fishing, the returns of the two Vanke funds reached more than 60%.
Gu Junhao's strategy was very successful, and the funds after reducing holdings could once again flow back into the liquor sector which had been adjusted to a certain level.
For Vanke A in Junshi Value Investment, Gu Junhao did not buy all the liquor stocks, but bought a portion of Hong Kong stocks and some bonds and started to diversify his investments.
At 5:30 p.m., Vanke, which had been on the board for three consecutive days, once again topped the Dragon and Tiger list, and it was still a carnival for hot money.
"Oh wow, it's this old man again, haha." Gu Junhao couldn't help .
Today, Vanke bought one seat: Guojun Securities Co., Ltd. Shanghai Fushan Road Securities Branch, with a purchase amount of 220 million yuan.
