Chapter 423: One trick to conquer the world!
After get off work, the announcement of the early end of Junshi No. 2's fundraising officially appeared on the fund's official website, triggering a barrage of curses from some investors who missed the train.
At the same time, Gu Junhao also asked the staff to officially announce the final fundraising results in the form of a banner on the official website: 25.3 billion, an average of 3.614 billion yuan per day.
This kind of data presentation is learned from Taobao and JD.com; in fact, this is also a highlight of advertising marketing.
Compared with fancy marketing articles, this kind of specific data presentation is more real and shocking, and investors believe in specific figures more.
In fact, this marketing model appeared very early. For example, a well-known milk tea company sold 700 million cups a year, which could circle the earth if connected together. This advertising slogan produced very good advertising effects.
The news that Junshi Capital unexpectedly, yet not too unexpectedly, ended its fundraising activities ahead of schedule began to ferment over the weekend.
The market has been falling for a week, and the ChiNext has also broken through. The funds raised by Qunshi No. 2 have officially arrived, and we can officially start building positions next week.
The right time, the right place, and the right people; everything seems to be on Junshi No. 2's side, but is it really just a coincidence?
Since the autumn of 2014, when Gu Junhao first appeared on Taoguba, magic has always been with him. Now, the market has once again fallen during the fundraising period of Junshi No. 2, which is very coincidental.
Not many people think this is just a coincidence anymore.
Gu Junhao seemed to have an ability to see and understand the market trend clearly. The Shanghai Composite Index, which was once again facing the test of the 60-day line, seemed to be waiting for Gu Junhao to enter the market with his 28 billion yuan of incremental funds.
Since January 15th was a weekend, Junshi Value Investment, a public fund, officially announced its holdings for the fourth quarter of 2016 on the same day that Junshi No. 2 ended its fundraising.
Among the fourth quarter holdings, the most eye-catching thing for Junshi Price Investment is that all of its Vanke holdings in the third quarter have been liquidated, and the fund's overall position has dropped to the minimum holding standard for public funds.
As a star mutual fund with the highest annual growth rate in 2016, reducing its positions to the minimum standard is undoubtedly a bad signal for the market.
The liquidation of Vanke and the diversification of its allocation to a portion of Hong Kong stocks and bonds also led the market to interpret that Gu Junhao was not optimistic about the performance of A-shares this year.
Some media started hyping up the statement that Junshi Capital was not optimistic about the A-share market over the weekend; it is hard to say whether this was in response to Gu Junhao blaming the media for the early termination of Junshi II's fundraising.
When the relationship is good, the report can be: "Gu Junhao is far-sighted and reduces his holdings in advance to cope with the global stock market downturn."
For this reason, Gu Junhao had to come out to refute the rumors, saying that this was just a normal position rotation of the fund. At present, Junshi Price Investment has gradually begun to add back its positions and has no intention of being bearish on A-shares.
Gu Junhao publicly refuted the rumors, which was recognized by Junshi Value Investment investors. The reason was that although Junshi Value Investment had a pullback last week, the amplitude was still very small.
It is no different from the previous changes; investors don’t care what the media says, they only look at the net value. As long as the net value is within a controllable range, being able to make money is what investors care most about.
As for how many positions the fund holds, they don't care about it at all, don't understand it, and have no interest in knowing about it.
Interestingly, with a week of decline and the end of Junshi No. 2's fundraising, most investors believed that Gu Junhao would enter the market to buy at the bottom, and they demanded that the daily subscription limit of Junshi Price Investment be lifted.
As for the remarks made by some media outlets that Gu Junhao was apparently bearish on A-shares, they are seen as a joke by some investors and industry insiders.
Raised 25.3 billion yuan just to bet against A-shares? The possibility of bottom fishing is higher!
Monday, January 16, 2017; there are eleven working days until New Year’s Eve.
The Shanghai and Shenzhen stock markets opened lower in the morning. After the trading officially started, there were no hot spots on the market and the trend was chaotic. Only sectors such as coal and steel supported the market, but with little effect.
The Shanghai Composite Index opened low and continued to fall, closing at 3066.42 points at midday, down 1.49% on the day. The ChiNext Index closed at 1866.56 points, down 1.76%.
The normalization of IPOs, which has been questioned recently, received strong support from a certain social media last weekend. The social media published an article saying that the normalization of IPOs can promote the real economy, and the long-term trend of stock prices after listing will ultimately depend on the quality of listed companies, their development potential and dividend levels.
An article from a certain social media company was interpreted by investors as "I just publish it, and you can judge for yourself whether it is good or bad."
Following the sharp drop in newly listed stocks from their highs last week, newly listed stocks were affected and fell collectively again today. One of the few hot sectors in 2016 began to cool down in early 2017 as the number of newly listed stocks continued to increase.
Generally speaking, supporting the steel and coal sectors not only has no effect, but will accelerate the downward trend of the stock index. This is evidenced by the fact that both the Shanghai and Shenzhen stock markets recorded their biggest declines in recent trading days in early trading.
In the afternoon, the steel and coal sectors' support for the market was ineffective, and sectors including Chinese-character stocks, banks and insurance joined the ranks of supporting the market.
The Shanghai Composite Index began to gradually stabilize, rising nearly 1% against the market trend and gradually returning to around 3,100 points, but the ChiNext Index performed poorly.
Leshi.com is in deep crisis, with its share price having fallen to 35.80 yuan before it was suspended. As a GEM heavyweight stock, even an 8% surge in its share price cannot lift the index.
The fake boss should be preparing to go abroad now, right? I remember that he should go abroad this year, but I don’t know the exact time. But the joke of “returning home next week” should appear soon.
Investors who are still buying shares of Lays.com at this time no longer deserve any sympathy. Even if the return to China next week did not happen, Lays is already beyond salvation.
The unilateral downward trend of the ChiNext Index did not show any improvement in the afternoon. After 1:30 p.m., the ChiNext Index's decline widened, falling by more than 6% at one point during the session and falling below 1,800 points.
On the decline list, many high-priced GEM stocks plummeted, and Lay's stock price fell from a rise of more than 8% to a drop of less than 5%, with an amplitude of more than 14%.
Large orders began to flee with stop losses indiscriminately. At 2 p.m., the transaction volume of Leshi.com had exceeded 2 billion.
Affected by the panic caused by the sharp drop in the ChiNext Index during trading, the Shanghai Composite Index, which had gradually stabilized, began to dive rapidly at 14:30.
The Shanghai Composite Index fell by more than 2% at one point, opening at 3044.29 points, a new low since the adjustment in December.
"Buy quickly, what are you waiting for? The panic selling in the market has come out." Gu Junhao shouted to the traders in trading room No. 2.
Today is the first day of building a position in Junshi No. 2 after the fundraising. Gu Junhao took over the responsibility and gave some instructions on behalf of Wang Ruoyu.
Junshi No. 2's stock position is still mainly based on liquor, supplemented by some new energy sectors and the lithium battery industry chain.
In addition to adding to existing positions in the liquor sector, several other holdings were also added.
Of course, Hong Kong stocks and bonds are still indispensable. For the incremental funds of 28 billion yuan, Gu Junhao's allocation principles are still similar to the other two major sectors.
The only difference is that Junshi No. 2 does not buy any US stocks. In addition to the convenience of operation, there are also safety considerations.
The proprietary funds and the 600 million US dollars from Jiufeng Trust are enough for now. The man on the other side of the Pacific has performed exceptionally well since he took office.
However, although he had some crazy moments in recent years, it was still relatively normal. The really crazy times were the years after he left office. Fortunately, he only served one term.
Just as the Shanghai and Shenzhen stock markets were falling rapidly, heavyweight stocks led by the banking sector once again exploded collectively, including the three major financial stocks with Chinese characters in their names.
The heavyweight stocks once again collectively exploded, as if the national team had once again stepped in to protect the market. The heavyweight stocks refused to fall, causing the Shanghai Composite Index to rise rapidly.
At 15:00, the Shanghai Composite Index closed at 3103.43 points, down 0.3% on the day. A T-shaped golden needle of nearly 60 points was very dazzling.
The ChiNext Index was not so lucky. It plunged 3.64% and closed at 1830.85 points, hitting a new low since the stock market crash in 2015.
Lay's closed at 35.40 yuan, with its share price down 1.12% and a turnover of 3.571 billion yuan.
On the market, newly listed stocks, computer applications and high dividend and bonus sectors saw the largest declines, and small and medium-sized start-up stocks once again hit the daily limit in large areas.
It is ironic that the three major financial sectors all .
On the one hand, there are sharp declines in small and medium-sized enterprises, and on the other hand, the heavyweights are flexing their muscles to protect the market. From Gu Junhao's point of view, the distortion of the index, starting from today, should not be exaggerated.
Today, the normalization of IPOs publicly supported by a certain social media company and the resumption of trading of Leshi.com can be said to be one of the culprits for the sharp drop in the ChiNext.
But it’s no big deal. The fact that Leshi.com will not resume trading is still a bomb. Only after this bomb is removed can the ChiNext get rid of its influence.
After that, the ChiNext will enter the era of King Ning in 2018.
The big drop did not have much impact on Junshi Group’s stocks. Since the second quarter of 2016, Junshi Group has basically had few small and medium-sized start-up stocks.
It’s no wonder that the Junshi Group also played a certain role in supporting the market today. After all, a large amount of incremental funds for Junshi No. 2 entered the market today.
The ChiNext Index once again hit a new low since the stock market crash and became a topic of discussion after the market closed. An article titled "The Smart Collapse of the ChiNext Index" was widely circulated after today's close.
The article points out that there are many reasons for the decline of the ChiNext, but most of them have no investment guidance significance. Between 2013 and 2015, the ChiNext index experienced a super bull market with an increase of more than 6 times.
Its main speculation model is: buyer (locked position) - seller (intermediary) - company (scheming). Buyers represented by public funds buy a large number of small-market GEM stocks.
The purpose of partial lock-up is achieved, and listed companies release positive news in this process and carry out various transformations, concepts, and business expansions.
As sell-side researchers, they recommend stocks based on various vague expectations, which essentially makes them pure intermediaries rather than value explorers.
Now, with the arrival of the bear market, this wisdom has collapsed, the company has failed to meet expectations, and buyers have to continue to reduce their positions to cope with redemptions.
Gu Junhao saw the article the next morning and couldn't help laughing: "It's a good analysis. Don't analyze it again next time."
It's not that he is wrong, on the contrary, he is quite right. Leshi.com is one of the representatives, and Lanlan also has this dark history.
This model is always effective in different scenarios. In the next round of the model, Gu Junhao is also one of the beneficiaries.
This is how domestic institutions are, the so-called one trick is enough to rule them all!
