Chapter 461: A big positive line, thousands of troops come to meet!
Staring at this stock, Gu Junhao pondered for a while: "Let Xiao Xu start buying some with the company account tomorrow, forget about the fund account."
According to the total share capital of Yingke shares, the maximum holding amount can be around 9.8 million shares, with a market value of only around 150 million yuan, which will not have much effect when divided among the three major sectors.
By purchasing through the company's account, the company can recover a certain amount of cash flow at a certain point in the future.
In this way, we can maximize our profits, and when the time comes, we can just buy some of their company's products and donate them.
We are powerless to change the trajectory, but we can do what we can and just consider it as the wool coming from the sheep.
In the absence of any negative news today, the heavyweight stocks with Chinese characters in their names led the market crash, which, no matter for what reason, has plunged investors into deep despair.
After the market closed, rumors that the Shanghai Composite Index would return to the 2,000 point level were widely circulated on the Internet.
All kinds of bearish remarks have emerged.
Two days ago, the investor who had just praised Brother T for being awesome started scolding him again based on Gu Junhao’s pinned post.
Even after the market closed, Gu Junhao once again emphasized under this pinned message that this was the bottom of the market and there was no need to panic, but it was of no avail.
It’s simple. The retail investors who suffered heavy losses today just want to find a place to vent.
It's not just Gu Junhao. Anyone who still maintains a bullish view today is mostly insulting.
October 19, Friday, is the last trading day of the week.
Looking back, half of this month has passed. Including today, there are only 9 official trading days left.
If we only talk about the money-making effect, this month can be said to be almost gone; for most investors, the thought after yesterday's closing was: If time could go back, they would definitely clear their positions on the last trading day before National Day!
In just nine trading days, the Shanghai Composite Index fell by nearly 335 points and the ChiNext Index fell by 206 points, both drops of more than 8%.
No one can stand such market conditions. Not only ordinary retail investors, but even institutional investors are complaining.
The trading team of Junshi Capital's Fund Business Department has been working overtime recently. Although the official trading time is only four hours a day, there is too much preparation work outside of these four hours.
Daily high-frequency trading, even if it goes smoothly, still needs to guard against systemic risks, which means that in the last few trading days, it will be easier to buy without thinking.
The profits from high-frequency trading are linked to one's own performance and remuneration, but this high-intensity work mode every day is really uncomfortable for traders who have been lazy for more than half a year.
This morning, there was a rumor in the market that relevant departments will hold a meeting today to discuss policies related to rescuing the market, and the results of the meeting will be released after ten o'clock today.
When I arrived at the company in the morning, we still had the daily morning meeting of four people.
Gu Junhao didn't waste any more time and went straight to the point: "What are the specific situations of your two positions?"
The question was directed at Xu Jianqing and Wang Ruoyu. Gu Junhao knew about the position situation of Junshi Price Investment. The current overall position is 80%!
"Except for those A-shares with small market caps, low market capitalizations, and few daily trading volumes, I have already completed the positions for the rest," Xu Jianqing replied.
"My position is similar, with 80% of my holdings concentrated in the pharmaceutical and technology sectors."
"Okay, this is a good effect. Let's start with the pharmaceutical and technology sectors and keep an eye on Maotai Liquor. When it falls below 600 yuan, we will start to sell off some technology stocks and rebuild our positions in liquor."
"Okay, got it."
"Well, if you have nothing else to do, go and prepare. Xiao Xu, I'll give you a stock. You must buy 4.99% of its total share capital, and then hold the stock without moving. You cannot trade a single share."
After saying that, Gu Junhao handed a note to Xu Jianqing.
"Oh, okay." After reading it and memorizing the code, Xu Jianqing tore it up without thinking much about it.
The boss often releases some unexpected stocks, which may seem insignificant at first, but after a period of time, their performance is amazing. We have become accustomed to it.
"Huh? Where are the stocks? Aren't we going to buy them?" Liu Tingting asked curiously.
"For a small-cap stock, the total buying volume is only about 150 million. There is no point in buying them all together. Just buy some on your own account." Gu Junhao said with a smile.
"Well, there is really no need to split the purchase volume of about 150 million." Wang Ruoyu also nodded.
"Okay, that's it, let's get ready."
…
At 9:25, affected by yesterday's sharp drop, the Shanghai and Shenzhen stock markets continued to open sharply lower today, with the three major indexes all jumping down.
The Shanghai Composite Index closed at 2460.08 points, down 1.08%; the Shenzhen Component Index closed at 7097.04 points, down 1.27%; the ChiNext Index opened at 1186.49 points, down 1.56%.
All three major indexes hit new lows in five years. From their highest points in 2015, the Shanghai Composite Index has fallen by more than 2,700 points, and the ChiNext Index has fallen by more than 2,800 points.
The Shenzhen Component Index, which is dominated by private enterprises, has suffered the most exaggerated drop, from a peak of over 18,000 points to around 7,000 points today, a drop of more than 11,000 points.
As of yesterday, the Shanghai Composite Index has fallen 24.82% so far this year. In October, it took only five trading days to completely fall below 2,500 points, which was a particularly heavy blow.
Today's sharp lower opening of the three major indexes of the Shanghai and Shenzhen stock markets did not cause much panic, simply because it was all within expectations.
Even though the rescue policy rumored online will be discussed today, inertia cannot be stopped.
On the contrary, this morning's low opening actually made everyone feel relieved, whether they were bullish or bearish.
Those who are bullish think that this is a good opportunity to buy at the bottom before the rescue policy is introduced, while those who are bearish at 2,000 points think that the downward gap here is in line with their expectations.
This is probably what is meant by buying on disagreement.
"Don't worry about it, just buy as soon as the market opens. Buy as much as you can and increase your efforts to build a position." Gu Junhao's voice rang out in the trading room.
Paying less attention to the index and more attention to individual stocks was the trading strategy of the Junshi Group this week. Most of the stocks purchased were leading stocks, and their performance did not disappoint Gu Junhao.
Even in the case of a big drop like yesterday, Junshi Price Investment's retracement rate was only 1.62%, and the net value rate remained at 2.4005, performing better than the market.
“Is 2.2198 the lowest net asset value rate of Junshi Investment this year?”
Calculated in this way, the highest drawdown rate for the whole year exceeded 20%; the performance in the first half of the year was not much better than the overall market.
After yesterday's close, many A-share companies said they would repurchase shares; at the same time, relevant departments also said they would allow listed companies to repurchase shares to protect the market by amending regulations.
The controlling shareholder plans to increase its holdings of Kangmei shares by 500 to 1 billion yuan. The stock price has fallen by the limit for two consecutive days. Today, it opened at the limit price again, at 14.57 yuan, with more than 700,000 orders blocked.
This once big white horse has not had a good time recently. Just look at the limit orders on the board today and you will know that the limit down price must be locked tightly again.
Although they are still vigorously denying financial fraud and expressing their intention to repurchase the company's shares, for the well-informed big funds, no one is stupid.
When it comes to stocks that have exploded or are suspected of exploding, the first thing you should think about is stopping losses rather than buying at the bottom.
Another company with the same name as Kang also committed financial fraud and is currently suspended from trading. Now that the facts have been proven wrong, the only outcome that awaits him is delisting.
By the way, this Kang family stock was once a blue chip stock and was highly sought after in the A-share market. On the last trading day before the suspension, the stock fell to the limit with a large volume. Those who understand will understand~
After the official trading started, the Shanghai and Shenzhen stock markets fell slightly and then quickly rose. The ChiNext Index took the lead and the index quickly rose after reaching 1184.91.
The Internet finance sector, which has performed well for two consecutive trading days and has outperformed the broader market, continues to demonstrate its advantage over the index.
It took Tonghuashun less than 5 minutes after opening to rise by more than 4%, from the green state to a 2.12% increase. The opening price was the lowest price, and there was no chance of any further decline.
Dongfang Wealth also rose rapidly. Five minutes later, Tonghuashun rose as much as 5.93% to 32.50 yuan, and trading volume began to increase.
"Hey, the volume has increased. I can buy a little more today. Not bad." Gu Junhao said with a smile.
In October 2018, even today, Tonghuashun's total market value was only 17.4 billion yuan, which is not worth mentioning compared with the market value of hundreds of billions in the future.
It can be said that he bought it with his eyes closed, otherwise Gu Junhao would not have started building a position in late September. It is really because his current trading volume is too small.
If he didn't want to cut costs, Gu Junhao really wanted to buy in every day, but that would seem a bit stupid and like manipulating the stock price.
In every round of rebound, theme stocks and various concept stocks must be the vanguard of the rebound, and today is no exception.
Driven by major themes, by 10 o'clock, the ChiNext Index was at 1218.52 points, with a daily increase of 1.12%, up nearly 3% from the opening.
"I haven't seen such a powerful rebound in a long time." Liu Tingting said to Gu Junhao with a smile.
At this time, all the holdings in Junshi Price Investment's major sub-accounts were in the green. Yesterday's increase in holdings and the No. 1 buy position on the Dragon and Tiger List, Mindray shares were extremely strong, with an increase of as much as 5.63%.
"Yes, today's market rebounded. No doubt about it. Keep buying. Don't worry about whether it goes up or not. If it reaches the daily limit, buy it."
At 10:11, pop-up windows appeared in all major trading software, and the heads of one bank, two associations and two regulatory bodies simultaneously announced that they would launch nine major measures to stabilize the stock market!
At the same time, major official media and social media platforms have also reposted this news.
The stock market reflected that the index and individual stocks that had just fallen back rose rapidly! The Internet finance sector, which performed exceptionally strongly today, rose again collectively under the leadership of Tong Huashun.
At 10:30, Tonghuashun hit the daily limit, and related concept stocks such as Dongfang Fortune followed suit. The domestic software sector also rose rapidly at this moment, and the leading stocks directly closed the board.
For a time, market sentiment was quickly gathered, the Shanghai Composite Index once broke through 2,500 points, and the ChiNext Index rose by more than 2%!
In the morning session, the ChiNext opened the lowest, and now the ChiNext index is also rebounding the fastest.
“Fuck, it rebounded already? No way, it opened low in the morning and scared everyone away, and it’s sold at the lowest point again?”
"Is Mouth Cannon so strong in protecting the market? He just shouted and said that some measures should be taken, but then the situation was pulled back so quickly? It shouldn't be that serious, right?"
"Shit, where's the agreed 2000 points? I'm short!"
"Don't wait, the rebound is coming, rush in first, even if it's just for a short-term profit!"
"Is this really the bottom? Gu Junhao from Junshi Capital said yesterday that this is the bottom. Could this guy have some inside information?"
"What? The big institutions are much more informed than us. You still think they are just retail investors. They are capitalists now, okay?"
" Wait and see, maybe it will fall back in the afternoon. It was like this a few days ago, rising and then falling. If it does rebound, it will be in time to buy next week."
"There's really no need to be so scared. The ChiNext Index broke through 1,200 points this morning. There's no point in being bearish at this point. Never mind. Go all in, King Ning!"
Ning Wang's increase at this time was over 3%, and the stock price was above 70 yuan. A medium-sized positive line successfully crossed all the pressure levels of the daily line.
Once the pressure level is broken through and stabilized, it will naturally become a support position. For a long time in the future, the price around 70 yuan will be the support point for Ning Wang.
At the midday close, the results of the highest-level special meeting were officially released and were also reprinted by major media outlets. They still introduced major measures to boost the stock market, covering a total of five major aspects.
Two pieces of breaking news, one was about the intraday trading time node, and the other was about the lunch break time node. After confirming each other, no one questioned the rescue regulations anymore.
In the afternoon, the Shanghai and Shenzhen stock markets were about to rise. The bearish groups collectively changed their views and turned into bulls to buy frantically. The trading volume of the Shanghai and Shenzhen stock markets increased visibly.
The ChiNext Index is still in the lead and outperformed the broader market. By the close of trading, more than 3,000 stocks in Shanghai and Shenzhen were in the green, and more than 50 stocks hit their daily limit.
The Shanghai Composite Index fluctuated by more than 4%, rising 2.58% on the day to 2550.47 points. The Shenzhen Component Index rose 2.76% on the day to close at 7284.84 points.
The ChiNext Index performed the best throughout the day, with an amplitude of up to 5.62% and a surge of 3.72%, closing at 1249.89 points!
Almost all of the three major indexes of the Shanghai and Shenzhen stock markets closed with a big positive line of 100 points.
As Junshi Price Investment had been continuously increasing its holdings in the morning, its overall position had reached 95% by the close of today, and the fund officially returned to full holdings.
A 15% position is only about 3 billion yuan. It is very easy for the trading team to add positions in the early trading session, not to mention that all major holdings are in a state of large volume today.
Tonghuashun and Dongfang Shares, which had the smallest trading volumes, both had daily trading volumes exceeding 200 million yuan. Compared with the previous few days, it was much easier to increase positions.
What makes the entire trading team of Junshi Price Investment even happier is that among the stocks held today, except for Dongfang Shares, whose position is negligible, there are no stocks with an increase of less than 5%!
Among the heavily-weighted stocks, the one with the lowest increase was China News Service's 5.54%, while Ningwang, Oriental Fortune, and Tonghuashun all increased by more than 7%.
Among them, Ningwang surged 8.44%, with its share price at 73.77 yuan. Mindray shares, which increased its holdings yesterday, hit the daily limit today, with its share price hitting a new high of 89.07 yuan since its listing.
The technology sector among the holdings was the focus of the big surge. Gu Junhao has reason to believe that when the net value of the fund is announced tonight, it will definitely surprise the market!
After the market closed, the performance of the three major indexes today restored the long-lost popularity of the market; the entries about the sharp rise of A-shares also topped the hot searches.
The domineering rise swept away the gloom of the previous nine trading days, and investors' suppressed emotions were fully released.
At this moment, we have only one way of looking at it: bullish, all bullish!
One big bullish candle, thousands of troops come to meet it!
