Chapter 472 2019 starts with the announcement of share reduction
Time flies slowly but actually flies fast. In the blink of an eye, the Spring Festival holiday has passed quickly.
No matter how much they resist, workers have to return to their jobs once again and work hard for a living.
Back to work, stimulated by the positive factors before the Spring Festival, the Shanghai and Shenzhen stock markets greeted the first trading day after the New Year with a big rise.
The Shanghai Composite Index closed at 2653.90 points, up 1.36%, hitting a new high since December 4, 2018.
Canceling the 130% margin trading liquidation line and encouraging securities firms to buy A-shares are relatively .
But judging from today's trend, the three major indexes all maintained a steady upward trend, which is a very healthy trend.
In this regard, we can also see that the trend of the market has gradually stabilized and has emerged from the previous extreme market conditions.
In extreme market conditions, whether it is retail investors or major institutions, most people's holdings are actually in a trapped state.
The main institutions are also human beings. There is no need to imagine them to be too high-end. They will also be upset when their shares are trapped. When they encounter super good news, they also want to get out of the trap and make profits as soon as possible.
As a result, there will be continuous high opening and low closing trends in the bear market. It is normal for the main funds to take advantage of their financial advantages to seek profits by opening high and closing low.
When the market is good, institutions naturally dare not do this. If you dare to sell, other institutions and retail investors will really dare to buy.
In 2020, when the ChiNext had just implemented the 20CM policy, it was not uncommon for retail investors to wash out institutions.
On the first day after the new year, Dongfang shares once again jumped up to the daily limit and returned to the investors' attention.
At this moment, no one knew that Oriental Shares would start an extreme upward trend; the gears of fate began to turn.
The timing is just right. The 2018 annual report and this year's first quarter report will be released at the end of March.
The final push began at this time, and by the end of March, some shareholders with a large proportion of shares and the funds that participated in the push had almost sold out their stocks.
This naturally includes the 47.5 million shares of Oriental shares held by Junshi Price Investment. In two months, these holdings will be sold one by one regardless of the stock price.
Based on today's closing price of 13.75 yuan, the market value of Oriental shares held is 653 million yuan, and the profit is 362 million yuan.
Fortunately, if Junshi's investment has a total scale of nearly 30 billion yuan, Dongfang Holdings' market value will not be able to enter the top ten holdings list.
Otherwise, it would have been exposed in the fourth quarter 2018 holdings announced in January.
By the time Oriental Holdings' annual report and first quarter report were released, Junshi Value Investment had already sold its shares, and the timing was just right.
Starting from the daily limit on the first trading day after the Spring Festival, Dongfang shares have seen a jaw-dropping performance in the past 11 trading days.
Among the 11 trading days, there were 10 trading days with daily limit up. Except for the one with reduced volume on February 25, the other nine daily limit ups were all turnover boards.
Hot money, institutions, and retail investors were crazy about speculating on this stock. Without the constraints of continuous suspension, they were able to push up the price without reservation.
In 11 trading days, Oriental shares rose from the initial price of 12.50 yuan to 33.70 yuan. Calculated from the bottom of 3.7 yuan, Oriental shares only need one daily limit to reach its highest price of 10 times.
It took Dongfang Holdings three months to move from bottom accumulation to the first stage of rising. During those three months, the stock price of Dongfang Holdings increased by as much as 4.85 times.
After half a month of adjustment, the range of Oriental shares' increase narrowed to about 3.37 times, while it took only 11 trading days for Oriental shares to increase from 3.37 times to nearly 10 times.
It is obvious that as the Tibetan Mastiff's seats continue to appear on the Dragon and Tiger List, and the daily buying and selling volume is getting larger and larger, the funds controlling the market have obviously accelerated the stock price trend.
With yesterday's shrinking turnover and today's daily limit, Dongfang shares have clearly begun to deviate far from the five-day line, and the stock price has entered a high-risk range.
“How many shares do you still have?”
"More than 28 million shares have been sold, and there are less than 20 million shares left."
"Okay, speed up the sale. It's 10 times the price, and it's almost over."
So far, the A-share market has rarely seen a short-term increase of more than 10 times, especially for stocks with poor fundamentals. So far, there seems to be no such stocks.
Since the share price of Oriental Holdings exceeded 20 yuan on February 18, Gu Junhao instructed traders to start selling gradually.
In six trading days, Oriental Holdings had a total transaction volume of 15.5 billion yuan, with an average daily transaction volume of 2.5 billion yuan. The daily turnover rate was above 10%, which was extremely crazy.
With large trading volume and high turnover, Junshi Investment's trading volume reached nearly 700 million yuan in six days, which can be said to be silent and without any trace.
In the first year of 5G, the crazy hype sentiment was not only reflected in the stock of Dongfang Holdings. As the leading company, China News Service also saw its stock price skyrocket after the new year.
From the closing price of 20.41 yuan before the holiday to the closing price of 30.31 yuan today, the share price of China News Service has increased by nearly 50% in 11 trading days.
The price of 30.31 yuan is just one yuan away from the closing price of 31.31 yuan before the stock crash. The stock price has basically returned to the price before the continuous limit down.
Almost 10 months have passed since the day of suspension, and the share price of Sino-Singapore Communications has returned to its original position, which no one expected.
Most of the time, a big theme concept can often change the fate of a stock, such as Dongfang Holdings and China News Service.
As the stock price continues to rise, Junshi Value Investment's shareholding ratio in China News Service is naturally increasing, and there is a trend of gradually exceeding the holding limit.
Therefore, in addition to the sale of Oriental Holdings, the reduction of holdings by China News Service, which currently holds 7.76% of the shares, must also be put on the agenda.
As of today, the total market value of China New Communications held by Junshi Group is 11.255 billion yuan, with a profit of more than 128% compared to the initial cost of establishing the position.
Its total floating profit is nearly 6.4 billion yuan. The investment in China News Service alone has once again brought Gu Junhao's wealth to a new height.
On the evening of February 25, China News Service issued an announcement: "According to the notice of shareholder Junshi Capital Co., Ltd., Junshi Capital will use centralized bidding and block trading within six months after fifteen trading days after the announcement is disclosed.
The number of shares to be reduced will not exceed 136.983 million shares, accounting for approximately 2.77% of the company's total share capital. After the reduction is completed, Junshi Capital Junyou Co., Ltd.'s shareholding ratio will drop to 4.99% of the company's total share capital. "
“Fuck, Brother T is going to reduce his holdings in Sino-Singapore Telecom. Has the hype over 5G reached its peak?”
"Damn, if we reduce our holdings to less than 5% at one time, doesn't that mean we don't need to reduce our holdings when we sell later?"
"Gu Laoer's reason for reducing his holdings is really funny. The public fund's holdings have increased to more than the 10% holding requirement. Isn't it because the stock price is high and he wants to sell?"
"After some calculations, based on today's closing price, Gu Lao Er's share reduction this time has a profit of about 4.152 billion yuan; MD, his cost is only about 4.92 billion yuan."
"Gu Laoer won a lot. After reducing his holdings, he bought almost 5% of Sino-Singapore Telecom's shares at a cost of less than 1 billion yuan. Based on the current market value of 145 billion yuan, he really sold them blindly afterwards."
"Awesome! It's been less than a year since the establishment of the position, and the profit has exceeded 6 billion. This is the real way to play with capital. Those hot money are weak."
"Longjing Road bought more than 100 million in one day and was hyped up by the market. Now look at Brother T, this is called pattern. People in Taogu Bar thought Brother T was a hot money investor, but now it seems that hot money is nothing in Brother T's eyes."
"You can't make that much money. You can only sell it in half a month. Why are you in such a hurry? We have plenty of opportunities to run. The trend is still there and it won't stop because of a reduction in holdings."
"That being said, it should still have some impact on the market, after all, the big guys are going to reduce their holdings."
"I hope it has no impact on Dongfang shares. I queued up to buy yesterday and haven't sold it today."
"Why are you showing off here, Brother T is not selling Oriental shares. Besides, you have a profit of one board, so you can just run away."
"It's the same sector, so there should be some impact, but I don't think it will be a big problem. Dongfang shares are being played by hot money."
The evening announcement by China News Service shocked the entire A-share market. As the hottest concept speculation sector at the beginning of this year, the short-term leader Oriental Communications has shown signs of increasing tenfold.
As the leading company, China News Service's stock price unexpectedly returned to the level at the beginning of its suspension in 2018. No one expected that Gu Junhao would unexpectedly reduce his holdings in China News Service at the hottest time of concept speculation.
This is Junshi Capital’s first public appearance in 2019, and it can also be regarded as Junshi Capital’s first public operation in the capital market since moving into the new office building.
In the evening, the capital market was discussing what impact Gu Junhao's share reduction would have on the 5G sector.
Whether it was bottom-fishing in the overall market or Sino-Singapore Telecom last year, Gu Junhao has proven his strategic vision. Does this share reduction mean that the first wave of hype about the 5G concept has reached a stage threshold?
But in fact, the market seems to have forgotten that Gu Junhao seldom reduces his holdings of a stock at the highest point all at once. When the capital is small, he does not want to catch the tail of the market.
When the funds become large, one purpose is to facilitate selling, and the other is to reserve a certain amount of space for the market to avoid a sharp drop in stock prices due to a one-time operation.
This makes it seem a bit hateful; as an institution, it has to be more or less careful about its manners.
Tuesday, February 26, 2019.
After the call auction ended, China News Service's share price opened slightly lower at 30.18 yuan, and Orient Holdings' share price was 37.07 yuan. The share price continued to open at the upper limit.
One is a central force and the other is a short-term leader. The two stocks have different performances. The price of Dongfang Holdings at 37.07 yuan will officially be upgraded to the ranks of stocks with a 10-fold increase. The sentiment has been raised to the extreme.
At this moment, it doesn’t matter what the consequences will be if a leading company is sold off by a large investor. For Dongfang Shares, in which Tibetan Mastiff is deeply involved, the most frequently mentioned expected price in the stock comment section is 50 yuan!
At 9:30, the transaction officially began and the situation on the field suddenly changed.
No matter whether it is the central army that opened low or the short-term leader whose sentiment was pulled to the extreme, they were both hit by super sell orders as soon as the market opened.
Sino-Singapore Communications fell by more than 5% in seconds, and Oriental Communications was hit by a sell order of nearly 600 million yuan, from the upper limit price of 37.07 yuan to 34.60 yuan, and the stock price fell by more than 7%!
"What the hell, I haven't even had time to cancel the order, who the hell did this?"
"Shit, I lost 7 points right after the opening. It's all over. Where's the 50 yuan I agreed on?"
"Fuck, I'm so upset by China News Service. Gu Laoer is such a idiot. Why is he announcing a reduction of holdings at this time?"
"Run away, damn it, originally I was going to get two boards, now it's just over one, if I had known about the call auction I would have sold it."
"It's true. Brother T's influence is incredible. The market cap was over 140 billion, but it dropped by more than 5 points within the first second of opening. Billions of dollars were gone in an instant. It's really amazing ."
"This is the big money inside rushing to get ahead. There's nothing we can do. Hey, I hope I can lose less today."
With the huge amount of sell orders in Sino-Singapore Communications and the plunge of Dongfang Holdings, the 5G concept also entered an adjustment mode.
Throughout the day, the desire for capital to flee China News Service was very strong, and the trading volume continued to increase. However, the price of Oriental shares was above 10 times, and the differences were also very obvious.
Dongfang Shares, which also crashed within seconds of opening, had funds constantly trying to close the board throughout the day, but each time it was pulled up to the upper limit, it was quickly smashed down.
In the afternoon, with Dongfang shares closing the limit again and low-priced 5G stocks rebounding, China News Service, which had been fluctuating at a low level throughout the morning, tried to rise, but the strength of the bears was too strong.
At 2:30 p.m., Dongfang Holdings, which had been capped for an hour in the afternoon, was once again hit by a sell order worth 167 million yuan, and the stock price went straight to the lowest point in the morning.
With only half an hour left before closing, the leading stocks plunged, seriously affecting the overall sentiment of the sector, and Zhongxin Communications was also continuing to fall.
All of a sudden, numerous shareholders followed suit and dumped their shares, causing the trading volume of the two stocks to continue to rise in the last half hour.
At 3 p.m., the share price of Sino-Singapore Telecommunications closed at 29.90 yuan, down 1.35%. Dongfang shares plunged sharply in the late trading and closed at 30.67 yuan, with a plunge of 8.99%!
Unfortunately, the funds that tried to buy the stock in the early trading session encountered a limit down.
Today, China News Service's trading volume was 9.7 billion yuan, and Dongfang Shares, with an amplitude of 19.32%, had a trading volume of nearly 6 billion yuan throughout the day! Both of these leading stocks have set new single-day trading records since their listing.
A high-level doji with huge volume and a high-level big black candlestick with huge volume will bring immeasurable losses to investors who are chasing highs today.
Judging from the trading volume, the trading volume of the entire concept sector reached a peak today. The huge negative trend at a high level also means that a large amount of funds chose to take profits today.
The trading volume of these two stocks today alone is equivalent to 10% of the ChiNext, and the performance of Dongfang Holdings is even worse.
After the market closed, Junshi Capital, which announced last night that it would reduce its holdings in China News Service, and Gu Junhao himself were pushed to the forefront.
