Chapter 46: GEM 1500 Points
In the end, the two chose a 138-square-meter middle-floor apartment and purchased a parking space, which is not expensive nowadays.
After paying a deposit of 20,000 yuan, Gu Junhao and Zhang Yiru left, agreeing to come back after the new year to formally sign the house purchase contract.
"The house plus the down payment is almost 800,000 yuan. How much money do you have now besides stocks?" Zhang Yiru asked after they went out.
"As for cash, it's probably a little under 400,000." With the 250,000 in cash in the account, plus the more than 170,000 he withdrew last time, minus some miscellaneous expenses, he has about 370,000 or 380,000 left, which is still half of the down payment.
"So do you want to sell your stocks? If not, I can chip in some." Zhang Yiru said upon seeing this.
"Where did you get the money? Didn't you just start your internship?" Gu Junhao said in surprise.
"I still have tens of thousands of dollars on me, and I can ask my parents for some more. They still have some savings. Buying a house is a big deal, and they should agree."
Gu Junhao agreed after thinking about it. The income of teachers in Ningbo is not low. Zhang Yiru's parents are both teachers, and they only have one daughter. They don't have too many expenses on a daily basis, so it should be no problem for her to come up with more than 100,000 or 200,000 yuan.
"No, let's keep Mr. Zhang's money for their retirement. If you want your own money, I can accept it, but I think it's enough. I won't pay until after the new year. I should be done with this stock in my hand soon. By then, even if I don't buy a house, I will sell it out."
There is one thing Gu Junhao didn't say, that is, with his current market value, it would be easy for him to raise more funds from the securities company. The account manager with the same surname had asked him before whether he needed to increase the financing limit, but he refused at that time.
"Well, if you need it and don't want to sell the stocks, you can tell me. Don't be polite."
After a short weekend, it is Monday, January 27. The ChiNext Index tested above 1490 points last Friday, and if nothing unexpected happens today, it should hit 1500 points.
However, this kind of historic high of the index is not so easy to reach. Today is likely to be a process of rising and falling, and Wangsu Technology will most likely follow this trend.
Yesterday's buy one was not a big-scale fund, and the probability of continuing to hit the daily limit today is not very high. It is impossible for the institution to carry the sedan chair for it and let it make money comfortably.
In this case, today's strategy is still to focus on T, and then decide the timing to take it back based on the index situation.
After the call auction ended, Wangsu Technology opened at 112.52 yuan, once again opening higher and setting a new historical high.
At the same time, the ChiNext opened at 1477.46 points, opening lower. The Shanghai Composite Index was subject to the pressure of the 20-day line and opened lower at 2044.27 points.
"It was a smart decision for the ChiNext to open low, as it did not kill the sentiment all at once." At this important level, if it had opened sharply higher early in the morning, killing the sentiment, the index is not like individual stocks that can rely on limited funds, and if differences arise at that time, it will naturally be a situation of opening high and closing low.
And that will inevitably affect the trend of individual stocks until they go bad across the board. With the opening of the ChiNext today, it seems likely that the index will be higher, and there will be no problem in stabilizing at 1,500 points for a few days.
At 9:30, the Shanghai Composite Index opened low and continued to fall. The ChiNext Index rose slightly but then quickly fell to a low of around 1465 points, a drop of 1%.
However, in Gu Junhao's view, such declines are normal adjustments, and the bullish trend of the index is irreversible. Often in this bullish stage, there will be violent intraday fluctuations, thus completing the intraday wash-out and stock replacement.
Since the ChiNext Index determined its direction on the first trading day after the new year, it has been trending in this way. Today is no exception. As expected, when the index fell to near the five-day line, bargain-hunting funds came in.
The fleeing funds and the buying funds are calling each other fools at this position.
However, compared with the wide fluctuation of the index, Wangsu Technology appears to be relatively stable. After the opening, Wangsu Technology ushered in a surge in volume. In the first 20 minutes, Wangsu Technology maintained the opening price of 114.6 yuan, and fluctuated back and forth in a price range of two yuan.
Even when the index fell sharply, Wangsu Technology still maintained its price above the opening price, and the K-line did not even move out of the negative line state during the entire trading period, showing its extremely strong strength.
"Based on the transaction data, it is highly likely that yesterday's buyers are fleeing, but there is still capital maintaining the market."
The hot money that bought one yesterday usually follows the one-day trend, hits the limit, and sells on the next day. Moreover, it is very likely that within 20 minutes, Wangsu Technology will hold up the ChiNext Index and return to the 5-day line. It also supported the outflow of the first wave of profit-taking funds, which greatly increased the subsequent upward space.
At 9:50, Wangsu Technology ushered in the first wave of pull-up. With a buy order of 5,000 lots, the stock price quickly rose in a straight line. By ten o'clock, the stock price was reported at 118.80 yuan, an increase of 8%.
At this time, the ChiNext Index only rose above the opening price and remained in the green.
"Sell it. Don't wait for the index. There are no large orders following up. The probability of a daily limit is not high." However, it was still a step too late. At this time, there were already signs of large orders fleeing from Wangsu Technology on the market.
The price was raised to 118 yuan, which was 80 cents lower than the highest price of 118.80 yuan. Only then were all 40,000 shares of Wangsu Technology sold out, but 4.72 million yuan of funds were also recovered.
After reaching its peak, Wangsu Technology began to fall rapidly, and the stock price quickly fell back to around 114 yuan, showing an A-shaped trend on the time-sharing line.
However, the ChiNext Index has stabilized at this time, and the time-sharing line has shown a W-shaped trend. By 10:50, the index has risen to the zero axis position.
While the index stabilized, Wangsu Technology maintained a downward trend, but the trading volume had obviously weakened, with only small orders selling, and the largest sell order was no more than 50 lots.
“It looks like it’s about time. Let’s try placing a bid above the opening price at 113 yuan.” Forty thousand shares were divided into eight lots and placed at 113, a hidden order. Although forty thousand shares are not a lot, it is enough to affect the stock price temporarily, so that there is still room for vacancies.
At 10:45, after the ChiNext Index rose to yesterday's high, it fell back to 112.76 yuan, and Gu Junhao's 40,000 shares were also successfully traded.
With an intraday T of five yuan and a profit of two hundred thousand from 40,000 shares, the book funds have reached 450,000 yuan. Gu Junhao is still very satisfied.
With such a huge profit from 40,000 shares, it is no wonder that some institutions have no moral integrity at all. They often do short-term trading and intraday T. This is even more true for quantitative funds in later generations.
In 2015, there was even a team that did T trading on a certain stock at a 5% mark during the day. As a result, one day the stock happened to split and ex-rights. The trader miscalculated and bought too much, exceeding the mark before the situation was finally exposed, which led to a lot of criticism.
In the face of absolute profit, all moral principles are meaningless.
Pulling back the thoughts, the ChiNext Index continued to rise, and Wangsu Technology had no momentum to fall. It finally closed at 116.28 yuan in the morning, up 5.6%. The ChiNext Index closed at 1495.99 points, and it would not be a problem to hit 1500 points in the afternoon.
During the afternoon trading, the ChiNext Index reached 1500 points as expected, closing at a high of 1500.46 points. On major social media and stock trading areas, calls for a bull market became increasingly enthusiastic.
Wangsu Technology reached a high of around 118.80 yuan, but did not continue to set new highs.
Retail investors are in high spirits and are rushing into the ChiNext. However, this is the case with many things. When emotions reach their peak, that is the day of reversal.
After reaching 1,500 points, the ChiNext Index began to turn downward, and from 1:40 p.m. until the close, it plunged nearly 2%. It finally closed at 1,477.67 points, down 0.46%. However, as it was higher than the opening price, the K-line pattern showed a red cross star.
Wangsu Technology also plunged in the afternoon and finally closed at 113 yuan, up 2.64%, with a turnover of 444 million yuan.
"It's a lonely response. It looks like today's gap will be filled tomorrow." Looking at the closing, Gu Junhao was speechless.
