Chapter 75: Seemingly Weak, Actually Strong
On Friday, April 11, the last trading day of the week, the Shanghai Composite Index failed to continue yesterday's hot sentiment and opened slightly lower at 2130.37 points. The ChiNext Index seemed to react to the news of the opening details of the Shanghai-Hong Kong Stock Connect yesterday.
After the call auction ended, the ChiNext Index opened at 1370.40 points, down 0.78%. At the same time, a downward gap appeared on the K-line, and the rebound trend came to an abrupt halt.
On the market, a series of GEM heavyweight stocks such as Dongfang Fortune and Tonghuashun opened lower, and some stocks with poor liquidity usually opened significantly lower.
"This is going to kill the funds that came in yesterday. The change in sentiment is too exaggerated." Looking at the market, Gu Junhao couldn't help but sigh. Dafu Technology also opened low today, at 24.70 yuan.
Fortunately, the stock opened at yesterday's lowest price and did not gap down directly, so the emotional situation has not reached the worst outcome. If it gapped down directly, Gu Junhao would stick to his principles and cut his losses directly.
Gu Junhao’s first principle when investing in high-priced stocks is to sell at a loss and leave immediately when there is a large drop in volume or a downward gap from a high price. This is done even if he makes a mistake, as there is still a reason to avoid risks.
"There is no downward gap and the trend is still above the five-day line, so there is still hope. Let's hold it and try." As long as the bull trend is not broken and the trend is not bad, you can still hold the stock. As for the index, Dafu Technology does not follow the index much anyway, so just participate in it.
Trading started at 9:30, and both markets opened low and continued to fall. The Shanghai Composite Index continued to fluctuate in a narrow range at a low level, and the decline of the ChiNext Index further widened. Related stocks followed the decline, but Dafu Technology once again went against the index.
After the official trading started, Dafu Technology fell slightly and then quickly turned red. During the whole morning trading, except for a brief period of green at ten o'clock, it remained in the red and funds on the market also showed an inflow.
As of the morning closing, Dafu Technology closed at 25.28 yuan, up 1.94%. In terms of indexes, the Shanghai Composite Index closed at 2121.71 points, down nearly 0.6%, and the ChiNext Index closed at 1358.64 points, down 1.63%.
After the two markets experienced four consecutive gains, sentiment finally cooled down on Friday this week. The ChiNext Index has even disrupted the trend and is under downward pressure in the short term.
During the afternoon trading, the Shanghai Composite Index rebounded and finally closed at 2130.54 points, down 0.18%. As the closing point was higher than the opening point, the K-line of the Shanghai Composite Index showed a red cross star K-line. The full-day trading volume continued to remain above 100 billion, reaching 111.6 billion. Since the 21st of last month, there have been five trading days with a trading volume exceeding 100 billion.
The K-line closed with a cross positive line, which also made the experts and big Vs shout that the Shanghai Composite Index had five consecutive positive days, the A-share style had switched, and funds were about to return to blue chips. However, Gu Junhao knew that after adjustments, the growth rate of the ChiNext would eventually be higher than that of the Shanghai Composite Index. The next bull market would still be dominated by the ChiNext.
Today, the ChiNext Index finally closed at 1363.90 points, down 1.25%, ending its four-day winning streak. Dafu Technology also finally plunged in the afternoon, closing at 24.47 yuan, down 1.33%, barely holding the five-day line trend position, bringing this week's trading to an end.
Today, trading in Dafu Technology was not very active, with almost no large orders throughout the day. There were only a handful of orders exceeding 500 lots on the trading table, especially in the afternoon trading, when there were only two large orders exceeding 500 lots in total, and ultimately only 227 million transactions were completed, a reduction in volume.
"Maybe the main funds closed the market early, and the stocks were accidentally smashed down by retail investors." Gu Junhao couldn't help but joked after the market closed.
However, Dafu Technology's final price of 24.77 yuan had an overall increase of 3.99% this week. With a holding of 3,278 lots, Gu Junhao was able to maintain a market value of 8 million this week.
Although Dafu Technology was not as strong as last week this week, its overall increase was still higher than the 3.48% of the Shanghai Composite Index and the 1.27% of the ChiNext Index. Overall, its performance was not as weak as it seemed.
Over the weekend, Gu Junhao and Zhang Yiru looked for several decoration companies and finally picked one with an acceptable design plan. It is said that the decoration industry is very complicated, but both of them are laymen, so there is nothing they can do if they get cheated, as long as they are satisfied with the result.
However, Qin Ruolan, upon hearing that the two were preparing to renovate the house, enthusiastically expressed that she could find time to help them keep an eye on it. Since the future mother-in-law was so enthusiastic, what else could he say? Gu Junhao was also relieved and agreed to her request.
Zhang Yiru was made uneasy by her mother's self-recommendation: "Will my mother change the house into the colorful style mentioned on the Internet?"
"What are you thinking about? Aunt Qin is a teacher and an intellectual after all. She should have the proper aesthetic sense." Gu Junhao was not worried about this. Besides, it didn't matter if the house was decorated in a colorful style. He would just get used to it.
The gold of the rich may not seem so good at first , but in the end, isn’t it still accepted by everyone? Since you can’t resist it, just enjoy it.
"That's hard to say. No, I have to keep an eye on it."
"It's okay, it's not that fast, but you can keep an eye on it when you are free. I will come and take a look when I have time." Although I don't understand it, it's always okay to take a look from time to time. It doesn't matter if you get cheated of money, just try not to get cheated on the materials.
In fact, when it comes to things like decoration, if you are not an insider or someone you absolutely trust, everyone will be cheated to some extent. If you don’t understand the ins and outs of these things, being cheated is inevitable.
After a short weekend, trading continued on Monday, April 14. The two markets had different gains. The Shanghai Composite Index opened low at 2127.41 points, and the sentiment cooled down. However, the ChiNext Index, which fell sharply last Friday, opened higher today at 1367.75 points, and seemed to be unaffected by the sharp drop last Friday.
Dafu Technology continued to move against the index, with 484 lots traded in the call auction stage. The trading volume continued to shrink, and finally Dafu Technology opened slightly lower at 24.22 yuan, briefly breaking the trend.
"More than 400 hands can cause a low opening? It looks like there will still be adjustments with reduced volume today." Although Dafu Technology has recently shown a clear sentiment of hot money taking over, the stock price trend still seems to be under institutional manipulation, with a trend of moving up to a new level after two or three adjustments after a big rise.
At 9:30, the two markets began trading. Dafu Technology was hit by an order of 766 lots and fell to the lowest level of 24.11 yuan. Then it immediately rebounded and the stock price was instantly pulled up to 24.70 yuan.
"Although there are no big orders, it is still possible to take over." More than 700 lots can be taken over in an instant, which is not bad. It seems that the main funds are still secretly absorbing funds . Since the main forces are still maintaining the market, there is no need to worry too much.
