Chapter 59 Weekly Summary
This Thursday, not only the ChiNext experienced a Black Thursday, but even the fragile Shanghai Composite Index also experienced a Black Thursday. The Shanghai Composite Index remained in the green for the whole morning, and then plunged rapidly in the afternoon. At the closing stage, it fell below 2000 points again, closing at 1993.48 points.
In Gu Junhao's opinion, the ChiNext's correction is understandable. After all, there is still more than a year away from the last frenzy of the bull market, and the Shanghai Composite Index has fallen below 2,000 points last time. This time it fell below 2,000 points again, which is a perfect interpretation of the greed of capital. It never forgets to create panic for ordinary investors.
The double-dip slump in the two stock markets has dealt an imaginable blow to market sentiment. For the ChiNext, although the trick of "fellow countrymen, don't leave" often works, it is definitely not possible to play it a second time in such a short period of time. After all, the ChiNext has been rising for the entire year of 2013, and most of the stocks are currently at high levels. Unless there is an opportunity for external funds to enter the market, it will be difficult to attract so many buyers in a short period of time.
Sure enough, the sentiment of the sharp drop on Thursday further spread to the opening of Friday, and both markets opened lower, with the Shanghai Composite Index opening at 1987.68 points and the ChiNext Index opening at 1405.90 points. Emotions can be a guide, and the index opened lower, making the original panic-stricken funds' willingness to flee even more obvious.
The Shanghai Composite Index is still better. After all, it is already below 2,000 points. It can't fall any further. Instead, it is an opportunity. The investors who remain in the market now are not like the new investors who rushed in crazily at the end of the bull market. Everyone has some investment experience and knows a little about the opportunities below 2,000 points.
Therefore, the Shanghai Composite Index performed steadily after the opening. After consolidating for half an hour, the Shanghai Composite Index decisively pulled up at ten o'clock. It opened low and closed high throughout the day, drawing a huge positive line and closing up 2.72% to 2047.62 points.
The ChiNext was at a high level, and the panic sentiment was more obvious. Half an hour after the opening, the index opened low and fell directly to the previous low of 1380. Dafu Technology's performance was still as steady as an old dog. After opening low, it quickly turned red and kept fluctuating near the opening price.
At ten o'clock, with the upward surge of the Shanghai Composite Index, the ChiNext also welcomed bargain-hunting funds. The two waves of funds cursed each other, and the ChiNext Index stopped its downward trend, starting a timid rebound process throughout the day.
Dafu Technology also rose at this moment, and its stock price quickly turned positive. Judging from the index, today's Dafu Technology seems to be following the Shanghai Stock Exchange, rather than the ChiNext, and its turnaround time overlaps with that of the Shanghai Stock Exchange.
After that, Dafu Technology, like the Shanghai Composite Index, did not close in the red all day. By the close of the morning, the stock price closed at 17.83 yuan, up 2.2%. After the rebound at ten o'clock, the ChiNext Index maintained a slight rebound trend in the subsequent trading hours, and its trend was obviously weaker than that of the Shanghai Composite Index. There is a possibility that funds will switch from the ChiNext to the Shanghai Composite Index.
At the close of the morning, the ChiNext Index closed at 1397 points, down 1.49%. During the same period, the Shanghai Composite Index rose by 1%. Fortunately, it finally stood above the yellow moving average, showing a trend of stopping the decline during the day.
In the afternoon, the two markets continued to trade, and Dafu Technology continued to outperform the two market indices. After consolidating for 40 minutes, Dafu Technology chose to exert its strength. Two large orders quickly pulled Dafu Technology up to 18.60 yuan, and the stock price reached a new high.
After the ChiNext Index had a rebound in the morning, market sentiment eased a little in the afternoon. It may also be possible that driven by the Shanghai Composite Index, funds that missed the opportunity chose to take a chance in ChiNext. The ChiNext Index continued to rebound upward. At 1:40, the ChiNext Index turned positive for the first time and closed at 1419.84 points, up 0.15%, but still failed to close above the 60-day lifeline.
Dafu Technology finally closed at 18.50 yuan, up 6.14%, with a trading volume of 84.42 million. Both markets rebounded today. The Shanghai Composite Index even formed a huge positive line, and the ChiNext Index also formed a positive line trend of a golden needle bottoming out. Is it a real rebound or a don't go market, we will know next Monday.
However, the Shanghai Composite Index is most likely at the bottom, and the ChiNext remains to be seen. Of course, if you buy ChiNext stocks that have not risen sharply at this position, you can still make a lot of money in 2015. Of course, this is from Gu Junhao's prophetic perspective, and there are not many people in the market who can see the situation clearly.
Another possibility is that if you buy Zhongqingbao, Wangsu Technology and other stocks that have experienced a round of big rise, even if you really hold them until 2015, you may only barely get back your money, or even not get back your money at all. This is how you completely miss a bull market.
This week's rebound, decline, and rebound process once again verified Gu Junhao's vision and he selected another stock that had its own independent trend. Dafu Technology rose from its original price of 15.69 yuan on Monday to its closing price of 18.50 yuan on Friday, a one-week increase of 17.9%, outperforming more than 80% of the stocks in the market.
Investors who hold Dafu Technology can outperform most people as long as they lie back and wait this week. However, not many people can do this. Most people may have sold their shares after three consecutive shocks after the daily limit, especially on Thursday when both markets plummeted and Dafu Technology closed in the negative.
This is the panic caused by emotions, which makes people lose their original judgment.
He didn't do any T this week. Apart from replying in the post every day that he would continue to hold the position, Gu Junhao didn't give too much explanation, which made many netizens a little uncomfortable. Only Su Mingyu vaguely guessed Gu Junhao's thinking.
Without doing T, the closing price of 18.50 yuan finally corresponds to Gu Junhao's market value. The market value of 262,000 shares is 4.847 million yuan, and the net profit in one week is 847,000 yuan, which is almost the price of a small apartment. After the principal is large, the speed of making money is really getting faster and faster. I don’t know how long it will take for my intraday fluctuations to exceed one million.
“It’s no wonder that the rich are getting richer. As long as they don’t make fatal mistakes, even if they only make 1% of their income every year, the amount of money they can make is unimaginable.”
This is probably the charm of the financial market. Investors with large capital can earn money in one day that ordinary people cannot earn in a year, even decades, or even their entire life. Ordinary people can have the opportunity to earn one thousand yuan a day with even ten thousand yuan of capital. The temptation of such profit is addictive.
Many people are addicted to it. Once they enter the stock market, it is very difficult to withdraw unless they lose all their money. This thing is really addictive.
“I don’t know how many people will suffer losses from this week’s decline, especially some holders who bought at high prices. I don’t know how many people have run away.”
