Chapter 7 Adjustment of Growth Enterprise Marke
"I just hit the board of Dongfang Wealth, do you dare to follow?"
"Brother, you are awesome. You dare to take a risk on such a large-cap stock?"
"What are you afraid of? In a bull market, brokers will take the lead and the charge will be over. The washout will be completed within the day, and new highs are expected to continue."
"What a coincidence, I also hit the board just now, but I didn't hit the board on Dongfang Fortune, I hit the board on Tong Huashun, and I had the same idea as you."
After flipping through a few pages of chat records, Gu Junhao discovered that retail investors are now very emotional. Although they said that there is no problem with the fundamentals of Dongfang Wealth and Tonghuashun, and their buying logic is basically correct.
However, these retail investors usually cannot hold on for more than a few days, and will sell their stocks after a few days. It is impossible to get a real bull market. Most retail investors basically rush into a stock without thinking when they see a stock soaring, hoping to make a quick profit.
Often after buying, if there is a correction for a few trading days, I will panic and wonder whether I should sell at a loss. But if I am really stuck, the strange thing is, if I am really stuck, I will not think too much and will just lie down.
Tonghuashun and Dongfang Wealth are definitely the vanguards of the major market trends from 2014 to 2015. As the two leading stocks in Internet finance, it is natural that they attract the attention of funds. These two stocks are also in Gu Sihao's stock pool. The initial funds are not enough to allocate positions, so they have not been bought yet.
Compared with Tong Huashun, Gu Junhao is more optimistic about Dongfang Wealth. Dongfang Wealth and Tong Huashun both benefit from the concept of Internet finance, but Dongfang Wealth has an additional securities broker .
It was this brokerage license, coupled with the simplification of brokerage account opening procedures and the popularity of online account opening, that led to a sharp increase in the number of accounts opened at Dongfang Wealth during the bull market in 2015, and created the well-known retail investor collective camp seat in later generations.
As time passed, the two markets did not stop falling, and the orders on Tong Huashun and Dong Fang Wealth were gradually decreasing.
At 11:15 am, the Shanghai Composite Index fell rapidly, once again breaking through the 2,200 point mark. It closed at 2,192.20 points at 11:30 am.
Affected by the market sentiment, the ChiNext's weather vane, heavyweight stocks Tonghuashun and Dongfang Wealth also opened the daily limit when they went on the market in the morning, and the emotions of retail investors who entered the market during the morning session became nervous again.
"It's over, the board has opened, this market can't be stopped, will it be a big loss?"
"Don't be afraid, it will rebound in the afternoon. The ChiNext Index fell sharply during the past few days, and then pulled up."
"That's right, the ChiNext is clearly in a bull market, and all adjustments are completed within the day, and today is no exception."
"I hope so...if we continue to sell at a loss, we will be delisted."
"Don't speculate in stocks. It harms people."
Wangsu Technology also fell rapidly during this period. At the close of the market, its share price was reported at 59.31 yuan, down 2.12%. The share price once again fell below the 60 yuan mark. The amplitude during the morning trading hours was more than 6%. However, the overall trend was good and it was still running above the five-day line.
"The strong market maker has not broken the five-day line, and the trading volume has not increased much. The main force should not have run away. I will set a five-day line price of 57.7 yuan in the afternoon to see if I can take it back."
After reviewing the market at noon, Gu Junhao made this decision.
At one o'clock in the afternoon, the two markets resumed trading. Gu Junhao integrated knowledge and action and immediately placed an order for 3,700 shares at the price of 57.70 yuan. In the morning, he sold 3,400 shares of Wangsu Technology at the high price of 62.74 yuan, which also brought the book funds to 217,664 yuan.
If you can complete the transaction at the expected price you will have 300 more shares, which is pretty good.
With the delisting of Tong Huashun and Dong Fang Fortune, the two hot stocks on the ChiNext board, and their rapid decline at the opening of the afternoon session, the index further widened its decline.
Some smart funds with relatively rich profits in the two markets have taken profits and exited the market, and Wangsu Technology has further widened its decline, but it has not yet reached Gu Junhao's expected price.
At 1:30 p.m., the ChiNext Index fell below 1,400 points to 1,390 points. After 20 minutes of sideways fluctuations, it rebounded slightly at two o'clock, with the index closing at 1,394 points.
"It's rebounded, go for it, the intraday adjustment is complete, if you buy in at this point, if the ChiNext rises to 1,500 points, you'll have a profit of more than 100 points . Individual stocks should at least make 10%."
"That's right, we can rush in now. Go in at 2 o'clock and wait for the miracle to happen at 2:30."
"All in, all in, if you win you'll go to the club, if you lose you'll go to work in the sea."
"That makes sense. I'll increase my holdings in Dongfang Wealth and spread the cost. This way I'll have more profit when I close the deal."
Just when the investors thought that today would see an intraday rebound like the previous few days and were buying at the bottom, the two markets did not go as expected.
At 2:10, a series of GEM blue chip stocks such as Tong Huashun, Dongfang Wealth, and Accommodation Technology once again fell from highs and plunged into the water.
"What the hell? I just bought in and it started to fall? How many tens of thousands of dollars are missing from me?"
As the index continued to fall, the investors finally panicked. Some of those who were able to escape took profits or sold their shares at a loss, while those who bought today will have to stay at high levels for a while if nothing unexpected happens.
At 2:30, there was no miracle moment in the two markets, and the ChiNext did not see its usual rapid rebound.
Wangsu Technology held the price of 59 yuan for nearly one and a half hours, but finally couldn't hold on any longer and fled in panic with large and small sell orders in the last trading session.
By 2:50 p.m., the stock price hit a low of 57.55 yuan, barely breaking the five-day line. Only then did it finally usher in several large orders to buy at the bottom, and it rebounded nearly 1% in the last 10 minutes of trading.
During this process, Gu Junhao successfully took back his holdings of 3,700 shares at 57.70 yuan near the five-day line. The transaction was very easy and took only one second.
At three o'clock, trading in the two markets ended. Today, both markets experienced a sharp drop. The Shanghai Composite Index closed at 2190.93 points, down 0.93%. The ChiNext closed at 1378.15 points, down 2.66%.
Tong Huashun, Dongfang Wealth and other stocks showed no signs of recovery after they exploded. The two markets plummeted, especially the hot concept stocks in the ChiNext, which dealt a heavy slap to the consensus optimism before the opening of the morning session.
Wangsu Technology fell sharply today, closing at 58.03, down 4.24%. The trading volume increased slightly compared to yesterday, reaching 223 million.
However, there was no loss for Gu Sihao today. Instead, he made a relatively large profit. He sold Su Technology at 62.74 yuan in the morning and bought it back in the afternoon. The intraday profit was as high as 8,421 yuan, and the capital return was as high as 6%.
The daily profit of more than 8,000 yuan is more than the monthly salary of many people at that time. Although Ningbo is a relatively developed city, there are not many people who earn more than 8,000 yuan a month, especially now in 2013.
"It's quite interesting to be a small retail investor. Funds can flow in and out freely." After three days of trading again, Gu Junhao has rediscovered the fun he had as a small investor.
