Chapter 462 The King Returns!
Looking at the whole year, today's big positive line is not only the largest single-day increase in the index this year; it is also the most satisfying!
The two markets fell for a whole year, with the Shanghai Composite Index falling from the highest point of 3,587 points throughout the year to a low of 2,449 points, a drop of more than 1,100 points.
The stock market crashes in 2015 and 2016 did cause many people to suffer heavy losses, but compared with this year's market conditions, they are nothing.
In several stock market crashes, the duration of the crash was not very long, and because the chips were locked, large funds failed to flee in time, and the rebound was also very violent.
A short-term violent stock market crash is not scary. What is most scary is actually a trend like this year. From the end of January to the present, the market has been falling for nearly nine months. The long bear market has consumed the enthusiasm of countless investors.
It is hard to say. If it were not for the extreme market conditions in October, it would still be an unknown when the market would stop falling.
The unknown is the greatest fear.
Today's strong voice from management and the vigorous performance of the Shanghai and Shenzhen stock markets are the best ways to eliminate fear.
At 9:30 in the evening, investors who had been waiting all evening finally saw the net value of Junshi Price Investment's fund today.
2.5637 (+6.79%).
"Shit! Are you sure the number is correct? Or am I just dazzled?"
"Is this a public fund? Are you sure you didn't update it wrong? It went up by more than 6 points in one day. Is that so outrageous?"
"It's not impossible. I looked at it and it's possible if the positions haven't changed. Among the top holdings, Zhongxin Telecom, which has the least increase, has also increased by more than 5 points, and the top holding Ning Wang has increased by more than 8 points."
"MD, I only have a little over 2 points today, and I can't even beat a fund. What the hell."
"Don't be sad, brother. You can definitely outrun him if you fall."
“I’m telling you something very scary. If you bought the stock on the day when the subscription was lifted at 125,700, that is, before the market opened on the 17th, you have gained 14.36% so far.
If you buy it after the close on the 17th, you will get a return of 15.49%. If you buy it on the last day of September, you will get a return of 5.33%.
"Fuck, I saw this sentence above and just checked the statistics. It's true. Brother T is so scary. He can still make money in such a market!"
"Now, is there anyone who still scolds Brother T? Is there anyone who still doubts what Brother T said?"
"If this is really the bottom, it's not too late to buy at 125,700 now. At least it should be no problem to pass the previous high."
"I cried. Damn it. I had a meat cut last week. I cried so hard."
"The worst case scenario is that I sold my shares at a loss last week, and then used the money to buy more stocks, but the stocks fell again..."
"No need to say, from now on, I am Brother T's die-hard fan, I will definitely hold on to this chicken!"
A big positive line reversed investors' views on the market. After the big positive line, Gu Junhao's image among investors and funds also reversed.
The harsher the criticism was before, the higher the praise will be today; however, there are also rational investors who believe that one-day rebound proves nothing, and whether the market can eventually perform well remains to be seen.
But it is undeniable that the rebound of the market after the introduction of various measures today has proved that this is a "policy bottom" like the rebound after the introduction of rescue policies after the stock market crash in 2015 and 2016.
Now that the policy bottom has been established, the next step is to see the direction of the market and when the market bottom will be formed.
Of course, it is also possible that the policy bottom is the market bottom.
On Saturday, October 20, 2018, the top leadership held the second special meeting of the year to prevent and resolve financial risks.
The theme of the meeting is to supplement the series of measures announced yesterday, including policies to stabilize the market, improve the basic market system, encourage long-term funds to enter the market, promote the reform of state-owned enterprises and the development of private enterprises, and expand opening up.
It also emphasizes the need for rapid and solid implementation, requiring relevant departments to speed up their work pace, and that policies should be launched immediately after they are mature, and must be strictly implemented after launch.
The content of the meeting was simple and straightforward, the press release issued was understandable to the public, and the urgency could be felt from the tone.
The second financial special meeting of the year, a series of measures, today in 2018, the management still cares about the rise and fall of the stock market.
The A-share market is known as a policy market. Major policies are more effective than any favorable factors. This is understood by all investors. Coupled with the big rise on Friday, this weekend is simply a happy one for investors.
At this time, no one will think about whether all the good news will be released next week, and no one will think about whether there will be a cleansing process before the policy is implemented.
The despair of the whole year was finally broken in these two days. I was willing to do it even if I had to be an ostrich.
Monday, October 22nd.
The Shanghai and Shenzhen stock markets lived up to expectations, with all three major indexes jumping higher at the open. The Shanghai Composite Index surged 4.09% to close at 2654.88 points, and daily trading volume surged to 197.3 billion yuan.
The ChiNext Index surged 5.2% and closed at 1314.94 points. After the trading volume re-exceeded 50 billion yuan on the previous trading day, it rose again to 72.8 billion yuan today.
Mindray shares continued to close at the daily limit today, Ningwang surged 7.23% to close at 79.10 yuan, and Sino-Singapore Communications surged 7.36% to close at 17.79 yuan.
Dongfang Fortune jumped across the 60-line position of the daily line, and the daily trading volume of Dongfang Fortune increased to 3.81 billion yuan. It also closed at the daily limit during the day, and the stock price closed at 12.97 yuan.
Tonghuashun, which hit the upper limit price in the previous trading day, also crossed the 60-day line with a large volume, and its share price closed at 36.40 yuan.
Calculated based on the bottom point on November 11, GEM stocks such as Ning Wang, Dongfang Fortune, and Tong Huashun have rebounded by more than 30%.
The rebound of the ChiNext was so violent that it was far beyond the market's expectations.
And after another daily limit rise occurred today, I looked back and found that these stocks that rebounded by more than 30% almost all hit their recent and annual lowest points on the day of the big drop on October 11.
The rebound has actually already started in these stocks with excellent performance.
After the market closed, Gu Junhao looked at the screen full of huge increases and countless daily limits, especially Sunshine Holdings, whose stock price closed at 5.85 yuan today, up 6.95%, and he could hardly hide his inner smile.
Who would have thought that a few years later, this photovoltaic giant, whose current share price is less than 6 yuan even after a two-day rebound, would have its share price rise to a high of 180 yuan in the next few years?
At the end of October after 2020, when the ChiNext Index had already increased from 10% to 20%, Sunshine Holdings brazenly started the market with a T-shaped board with a large volume of 20CM.
On that day, Gu Junhao did not hesitate at all and increased his position when the stock price was around 38 yuan.
Impressive things are indelible in our memory, just like some people in our life.
Back to this era, in 2018, if we were to ask which stock Gu Junhao was most proud of during this round of bottom-fishing.
It must be Sunshine Holdings. Compared with his previous life, this time by bottom fishing, Gu Junhao can make a profit of more than 30 times, and he also has a large stake.
In his previous life, Gu Junhao had actually sold almost all of his Sunshine shares when the price was around 120 yuan, and his total profit was more than three times the original amount.
After that, there was a bottom-fishing rebound at around 70 yuan, and I made about 4 times the profit; to be honest, I didn’t expect Sunshine Shares to rise to around 180 yuan at that time.
The share price of Sunshine Holdings started to establish a trend around 10 yuan, started to rise around 38 yuan, and rose to 120 yuan, which was more than 10 times.
Being able to get it around 120 yuan, Gu Junhao can be considered to be very generous. Perhaps even the funds that were grouped together did not expect that Sunshine Holdings would eventually rise to around 180 yuan?
However, these problems no longer exist today. For a stock that he has been tracking for several years, Gu Junhao will definitely do everything he can to get the most out of this round of increases.
Following a 6.79% surge in the previous trading day, Junshi Value Investment, whose holdings include medicine, technology and new energy with a bias towards the ChiNext, announced its net value today, which once again dazzled investors' eyes.
On October 22, Junshi Value Hybrid Growth (125700): 2.7455 (7.09%)!
In just two trading days, Junshi Value Investment refreshed the fund's historical highest point set in January and brought the full-year yield back to positive numbers.
Compared with the net value of 2.6451 on the last day of 2017, as of October 22, Junshi Price Investment's full-year return in 2018 was 3.79%!
Don’t underestimate this 3.79% yield. It is this 3.79% yield that makes Junshi Price Investment the first public fund with a positive yield in 2018.
The surge in returns over the past two trading days has also increased the overall scale of Junshi Value Investment to 24 billion yuan. Gu Junhao has once again created his miracle!
There is nothing wrong with looking at the low points. The Shanghai Composite Index fell to 2,400 points and the ChiNext Index fell to around 1,200 points. Most investors can actually conclude that this is the bottom.
However, many people cannot choose the right sector at the bottom, maximize profits as much as possible, and overcome pressure to buy at the bottom.
What’s more, it is a fund of the size of Junshi Capital.
Then, while Gu Junhao was judging the bottom, he also overcame these difficulties one by one!
Calm and bold; just like when he had a small capital and invested heavily in Su Technology and Tong Huashun; Gu Junhao is still the same Gu Junhao, just like back then.
The net value of the fund, which was announced on time at 9 o'clock in the evening, made the fund comment section of Junshi Investment completely boiling.
Excluding investors who subscribed before today's closing, all investors who subscribed at any time, regardless of whether they covered their positions or not, have realized profits so far.
The investors who held on to the high point in January were even more moved to tears. Brother T lived up to expectations after all!
If one positive line cannot change one's belief, then after the second big positive line appears, coupled with the implementation , if it is still not clear that this is the bottom, then A-shares may not be suitable.
When investing in stocks, whether you are bullish or bearish, there will be times when you are wrong, and there is nothing wrong with that. There was nothing wrong with being bearish before.
But when the situation turns around, if you still insist on this view, it would be a bit slow to react.
It is not terrible to make mistakes, what is terrible is to go further and further down the wrong path.
After two days of big rebound, the stock market has become a hot topic again. At the same time, Gu Junhao, the first fund manager who was the first to be bullish during the decline, has also frequently appeared in media reports after the end of today's trading.
Gu Junhao has always had excellent investment returns throughout his career. Although the returns of his funds were still very good in 2017, they were not very eye-catching in the overall rising market throughout the year.
Whether it is private equity funds or public equity funds, many products with extremely high returns emerged in 2017.
In 2018, Junshi Price Investment's annual drawdown even exceeded 20% at one point, almost maintaining a synchronized trend with the Shanghai Composite Index.
Just when investors and many practitioners thought that Gu Junhao was about to be forgotten by the crowd.
From raising the stake in China News Service to continuously singing the bullish tune starting in September, Gu Junhao, who has appeared in the public eye, took only two trading days to make his public fund the first public fund to achieve positive returns this year.
In two trading days, the fund manager of Junshi Value Hybrid Growth and the actual controller of Junshi Capital achieved an ultra-high return of 14.37%.
This young fund manager officially announced his return as the king with super high returns!
