Chapter 439: Stock prices rise, policies come.
Over the weekend, no worse news came from the MY war. Both sides were in urgent consultation on related issues and expressed cautious optimism about the results.
This finally gave a sigh of relief to the shareholders who had been worried for two days, but Lay's stock will be suspended again on March 26, which is the opening of next Monday.
This made the shareholders of Lashi.com feel nervous again, and they don’t know how long the suspension will last.
The reason given for the suspension of Lay's was that information about the company appeared in the public media (Lao Suntou talked about Lay's in an interview with the media).
This reason is somewhat ridiculous. The media can just respond to the news or refute the rumor. The suspension is simply because of the 2017 annual report and the first quarter report of 2018.
You know what , this once star stock, even though it has been abandoned by big funds, its popularity among A-shares remains high.
To this day, there are still a large number of retail investors who are very keen to participate in the game of Lay's.
Even though the risk of delisting has been warned, there are still people who are willing to believe that this stock will be reborn from the ashes, and there is no shortage of retail investors who are heavily betting on it.
I have to say, this is really a very magical phenomenon. If Lao Jia becomes a star, he should have a lot of crazy fans, right?
A-shares, which had no major negative news, entered a self-repairing market in the remaining trading days of March, and funds still favored small and medium-sized enterprises.
The domestic substitution-related industries triggered by the MY war exploded again in the remaining trading days of March.
Chips, Beidou navigation, rare earths, domestic large aircraft, generic drugs and other related stocks have all seen good growth.
The differentiation of the index is also very serious; on March 27, hundreds of stocks hit the daily limit, and the ChiNext Index strongly recovered 1,800 points, while blue-chip stocks continued to be sluggish.
On March 28, the Shanghai Composite 50 Index plunged 1.70%, hitting a new low since the correction on January 24 this year, with the blue-chip sector leading the decline in the A-share market.
After closing in the red yesterday, Maotai Liquor Industry saw a rare large drop of 4.57% today, with the intraday decline exceeding 5% at one point.
The large-scale drop in Maotai also means that the strongest sector of A-shares since the stock market crash has officially entered the adjustment period.
Since reaching a high of 799.05 yuan in January and closing at 682.05 yuan today, the dollar has fallen by more than 17% in the past two and a half months.
It is indeed possible to buy at the bottom after a big drop and bet on a short-term rebound, but the magnitude of this pullback is far from enough for Gu Junhao.
As far as I can remember, during the most panic-stricken period this year, Maotai once experienced a limit-down trend?
If there had been no MY war, Maotai would have adjusted by more than 15%, plus a single-day plunge. Gu Junhao would have definitely bought back Maotai at the price of 680 yuan.
However, A-shares have fallen across the board this year. Even though most stocks have fallen to their actual valuation levels in the first half of the year, they can still be cut in half.
Gu Junhao is very familiar with the year 2018. His rise in his previous life was due to bottom-fishing in 2018.
To this day, Gu Junhao can still remember the stocks that he bought at the bottom and held for the long term in his previous life, including their K-line charts.
When it comes to stock trading, Gu Junhao does have a talent that is different from ordinary people. He is very sensitive to numbers and has a very good memory.
If it is a stock that he has held for more than half a year, even after several years, Gu Junhao can accurately quote the approximate price in a certain time period.
Of course, he still has no impression of the stocks he has never come into contact with. Even now, with the support of a strong research team, some of the stocks selected are stocks that Gu Junhao has never heard of in his previous life.
In this garbage market, the speed of issuing stocks is indeed first-class. Every once in a while, some stocks with strange names pop up in the market, which is faster than the frequency of game updates!
In a bear market, no news is the best news. Although there were some early moves over the weekend, overall it did not have much impact on the broader market.
A big drop is enough to cause a weak rebound for a few days. In this way, the Shanghai Composite Index spent the last week of March with small ups and downs.
The Shanghai Composite Index closed at 3168.90 points for the whole month, down 2.78%. It closed in the negative for two consecutive months and fell below the 20-day line of the monthly line.
From a technical perspective, the Shanghai Composite Index has entered a weak state at the monthly level. Blue-chip stocks have been falling for a quarter, and investors who chased high prices have also begun to completely enter a state of selling out.
In fact, there is no other way except to give up now. Investors who chased blue-chip stocks and have been stuck with returns of less than 10% in the past three months can no longer be considered as chasing high stocks.
If the lock-in is above 10%, the leeks will think about covering their positions. If the lock-in is between 10% and 20%, the leeks will think about doing T to reduce costs.
When the trapped position is between 20% and 30%, the investors will think about adding to their positions again to see if there is a chance of a rebound, while when the trapped position is above 30%, most investors have already started to give up.
"As long as I don't sell, I won't be cut."
"Floating profits are not losses. There will always be a day when you can get your money back."
"I don't check my account, so it doesn't fall."
This is the so-called ostrich mentality, and when the real bottom is reached, the ostrich mentality will turn into panic. All the words that comforted yourself before are useless at this moment, and you will only think about cutting losses.
Since the MY war started on the 23rd of this month, the concept of domestic substitution has emerged in technology stocks, led by chips, causing the ChiNext Index to surge by 10% in the last week.
The ChiNext Index surged 8.37% for the month and closed at 1,900.48 points, its highest point of the month, at the end of the last trading day of March.
However, Gu Junhao is not optimistic about the rise of technology stocks in the last week.
First of all, the increase in the short term is too high. It is a characteristic of technology stocks that they rise sharply or even hit the daily limit at any time. In the rebound market over the past month and a half, there have been countless increases of more than 50%.
Secondly, most have no performance, but their PE is particularly high. After hype, the PE is even more outrageous.
April is the time for the collective disclosure of annual reports and first quarter reports, and technology stocks are no exception. For technology stocks that are not backed by performance, even if they have extremely high expectations, April will definitely be a difficult month.
So on the whole, the rise after the MY war was launched is more like a push to increase shipments. There is no domestic alternative, and there are really not many things that can replace it.
The only irreplaceable one among A-shares is Jiangxiang Technology.
As for technology stocks, every round of big rise in the past was accompanied by crazy selling of holdings by large industrial funds; Gu Junhao .
The saying that science and technology can make a country strong is indeed worthy of its name.
At the end of the month, Junshi Price Investment and Junshi No. 2 continued to reduce their holdings of technology stocks, reducing their positions in this sector.
At the same time, it is still increasing its holdings in the safe-haven sector. This time, in addition to pharmaceutical stocks, Junshi Group also bought a certain amount of gold stocks.
The price of gold in 2018 is still quite cheap, with the average price being less than 280 yuan per gram. If you don’t buy some gold at this time, you would be doing yourself a disservice.
The reason why he knows so much about the trend of gold prices is related to Gu Junhao's habit of giving gifts.
In his past and present life, Gu Junhao, who was a straight-forward and practical gift-giver, always found choosing gifts a headache.
Once, when Gu Junhao happened to pass by a gold counter and saw that gold was only 200 yuan per gram, he suddenly had an epiphany. Such a cheap price was simply a great gift.
After all, both men and women love golden and yellow things.
Apple has released a gold-colored mobile phone. Gold jewelry is the best choice because it is cheap, has a high value retention rate and comes in a variety of styles.
To keep it simple, giving a gold bar is also a good choice.
On Saturday, March 31, the relevant departments issued a "Notice on Issues Concerning Corporate Income Tax Policies for Integrated Circuit and Manufacturing Enterprises."
There are a total of eight notices, all of which are about tax exemption and tax reduction policies for integrated circuit companies, and the strength is very strong.
Since the MY war began, the integrated circuit industry chain has begun to enter the public eye, and supporting policies, such as the promotion of home appliances to the countryside, have been put in place one by one.
This is reflected in A-shares, where technology stocks have surged in the past month and a half since they adjusted to a low in February.
Sure enough, there is no reason for a big|band market. Smart funds had already started their layout more than a month ago.
The news that Ning Wang will go through the meeting next Wednesday and may set a new record for IPO speed also dominated the screen this weekend.
Sino-Singapore Telecom's acceleration in the commercialization of 5G also took the entire Internet by storm this weekend.
As the big brother of the 5G industry and the leader of state-owned enterprises, Sino-Singapore Communications did not perform well in this round of technology stocks rebound.
As of the close of March 30, China News Service's share price closed at 30.15 yuan, up only 7.64% from its lowest point of 28.01 yuan in February.
In conjunction with this news, Gu Junhao stared at the trend of China News Service and couldn't help but start to have wild thoughts.
Over the past month and a half, anything related to technology, even stocks with the word "technology" in their names, has been hotly sought after by the market.
As a leading enterprise, the performance of China News Service is somewhat inconsistent with the overall performance of the sector.
Because of his preconceived ideas, in Gu Junhao's eyes, the trend of China News Service over the past month and a half was somewhat strange.
"Maybe I'm overthinking it. Maybe it's just because the plate is too big."
In April, its first trading day arrived during a weekend full of positive news.
Among them, the index hit a new high since the rebound in February, and most of the technology stocks are on the ChiNext starting with 300, which is particularly eye-catching.
In the early morning call auction, Panlong Pharmaceuticals rose to the daily limit after resuming trading.
This is Panlong Pharmaceutical's seventh daily limit in eight trading days, fully demonstrating its true nature as a monster stock.
At the same time, the biggest demon king this year, Wanxing Co., Ltd., has not resumed trading since it was suspended on March 27.
On January 18 this year, Wanxing shares, which was listed at an issue price of 16.55 yuan, had been continuously rising and falling for more than two months. By the day of suspension, the stock price had reached 125.99 yuan.
Compared with the issue price, Wanxing shares have increased by as much as 7.63 times, and are less than three daily limit increases away from a 10-fold increase.
This should be the stock that has achieved a 10-fold increase at the fastest speed since Gu Junhao can remember.
Every year before the registration system, there were several A-share stocks that rose by about 10 times, but it was rare to see .
In his previous life, Gu Junhao also bought the bottom of a bull stock, Zhongguo Software, which increased by more than 10 times this year. However, the increase took several years, and by the time it reached 10 times, he only had 1,000 shares left.
