Chapter 42: Breaking the 100 Yuan Mark
Thursday, January 2, 2014.
It was the first trading day after the beginning of the year. Gu Junhao, who had resolved his relationship problems, was in a good mood today. Yesterday, Mr. and Mrs. Zhang finally accepted what he said.
Faced with the absolute benefits, and with the help of their daughter, the two had to accept that Gu Junhao had talent in this area.
On the first trading day of the new year, the Shanghai Composite Index continued to turn green, and the ChiNext achieved a good start. The index continued to rise, soaring 2.19%, and was only 30 points away from the previous high.
Wangsu Technology also opened. After a small underwater consolidation after the opening, it continued to rise with the index. At three o'clock, it closed at 88.72 yuan, up 4.75%.
In the following three trading days, Wangsu Technology fluctuated sideways around 90 yuan, and on January 8, it once again set a new historical high of 97.40 yuan.
At the same time, the ChiNext Index closed above 1,400 points again, breaking the 2013 high.
During the past few days, Gu Junhao changed his previous habit of doing T frequently. He did not do T in detail. He just did a small T on the 8th, and his holdings only increased by 500 shares. His current holdings are only 38,000 shares.
Now that the market value is large, it is still okay to hold it for a few trading days provided that the trend is not bad.
Since January 9, the ChiNext Index has fluctuated greatly. After hitting a new high on the 9th, the ChiNext Index plunged below 1,400 points. This plunge continued until the early trading on Monday, the 13th, and then began to rebound and once again stood above 1,400 points on Tuesday, the 14th.
A fluctuation of 100 points within four trading days is not small, but Wangsu Technology continues its independent trend, fluctuating around 90 yuan, and the overall trading volume remains around 200 million yuan per day.
In the first nine trading days after the New Year, Gu Junhao's market value did not change much, from 3.17625 million yuan on the 2nd to 3.629 million yuan on the 14th. Overall, it only rose by 11.4%. The ChiNext Index also rose by 7.39% during this period.
"From this perspective, although Wangsu Technology has been fluctuating sideways, it is still stronger than the ChiNext Index overall, not to mention the broader market index. It is probably waiting for an opportunity to move up." Gu Junhao said thoughtfully after reviewing the market.
In the following six trading days until January 22, Wangsu Technology still maintained its own pace, but the ChiNext Index had reached 1432 points at this time. It was extremely strong.
The call for a bull market in the ChiNext was once again raised. Some market experts came out to give advice. Although Gu Junhao scoffed at this, he also agreed that it would not be a problem for the ChiNext to reach 1,500 points this time.
As for the 1600 points and 1800 points they shouted out, although they can be reached in the future, it is still impossible to reach them so quickly. You can see that the Shanghai Composite Index fell below 2000 points again on the 20th.
Although there has been a rebound in subsequent trading days, including today (22nd), which soared by 2.16%, the market cannot be divided forever. If we want to achieve an overall bull market, the Shanghai Stock Exchange is indispensable.
Under the premise that there is no obvious incremental funds in the market, the Shanghai Composite Index fell below 2,000 points, and there is a need for a rebound. At the same time, the ChiNext Index is at a high level, which is bound to cause some capital to flee. The two markets will still maintain a strange market situation where you rise and I fall, and you fall and I rise.
"It looks like by the time I finish with Wangsu Technology, the ChiNext will be almost finished, and I have to find a short-term target in the Shanghai Stock Exchange to do it." Yes, you can't just grab the wool of one stock, you have to go to the Shanghai Stock Exchange to grab some wool.
On January 23, 2014, there are only seven trading days left until New Year’s Eve, and the time available for trading before the Lunar New Year is getting shorter and shorter.
After the call auction of the two markets ended, the Shanghai Composite Index opened slightly lower, and the ChiNext Index opened at 1433.7 points, achieving a gap-up opening. However, Wangsu Technology still maintained its own rhythm in the opening stage, opening at 94.02 yuan, a slight decrease of 0.23 yuan.
"Great, is the ChiNext going to break through today?" The index opened higher with stable trading volume, and it looked like it was going to break through.
As for the Shanghai Composite Index, it surged yesterday and opened lower today. It seems that it is still unable to break through the pressure level. Compared with the ChiNext Index, there is no pressure from above. In addition, some hot stocks in the early stage of the ChiNext, such as Dongfang Fortune and Tonghuashun, have recently rebounded, which is also a boost to the index.
At 9:30, the two markets opened for trading. The Shanghai Composite Index remained sluggish, with heavyweight stocks dragging down the index. On the other hand, the ChiNext index continued to rise, led by a series of hot stocks such as Dongfang Fortune and Tonghuashun.
Wangsu Technology also performed well. After three minutes of consolidation at the opening, the stock price went up all the way. The trading volume also increased significantly compared with the previous trading days.
"Is this going to cause trouble? There's something wrong with the trading volume today." From 9:30 to 10 o'clock, Wangsu Technology's trading volume had reached 100 million yuan. It should be noted that only 166 million yuan was traded yesterday.
"But this is also a good thing. When the trading volume increases, I can do T." At 10:05, the share price of Wangsu Technology had reached 98.72 yuan, successfully breaking through the previous high of 97.40 yuan. The trading volume is still very healthy, and it looks like it will hit the 100 yuan mark today.
With the trend of rising both volume and price and the support of the index, today is destined to be a day of big rise for Wangsu Technology. Gu Junhao also relaxed his body, leaning lightly on the chair, waiting for the opportunity to do T.
If you want to do T today, you can only wait for it to rise and then fall back. However, if it can directly hit the daily limit, then there is no need to do T. It is not impossible for the volume to hit the daily limit today.
At 10:50, Wangsu Technology was trading at 99.97 yuan, infinitely close to 100 yuan. At this time, the stock trading area of Wangsu Technology was already boiling.
"Oh my god, it's going to hit 100 yuan. This is amazing. Will this stock ever stop going up?"
"I cried. I sold the stock after it went up for two consecutive days last year. I thought I sold it at the highest point at that time, but I didn't expect it to rise by more than 30 points a few months later."
"It was washed a few days ago. Now I can only look at it and dare not go in."
Gu Junhao roughly browsed the posts in the stock trading area and Taogu Bar. Wangsu Technology was very popular, and there were various comments in his own posts.
Even Su Mingyu couldn't help but ask himself privately, if it really reached 100 yuan, he would not be calm. He also held 12,000 shares, and it was really beyond his expectations that he could get it today.
Su Mingyu has been on vacation recently. He has time to look at stocks every day and chats a lot with Gu Junhao. Although the two have never met, they can be considered friends now.
"No rush. The expectation of one hundred yuan has been reached. But the trend is so good today, you can definitely take some more . I will tell you when I clear it." Gu Junhao replied.
