Chapter 77: Two Depressed Cities
Although Dafu Technology finally hit the daily limit today, the trend of A-shares today was not perfect. The Shanghai Composite Index broke through the annual and semi-annual support levels throughout the day, and the 2,100 point level was also lost. The Shenzhen Component Index also fell below the 60-day trend line, and the ChiNext Index turned green in the afternoon.
The two markets have once again entered a state of adjustment from the rebound mode. Judging from the sharp drop in the Shanghai Composite Index today, the second half of April will not be easy and the outlook is not optimistic.
Today's market is undoubtedly lucky for shareholders of Dafu Technology. The same is true for Gu Junhao. Dafu Technology's daily limit also made Gu Junhao's market value exceed 9 million yuan. Various people checked in under Gu Junhao's posts in Taogu Bar.
"My followers have exceeded 50,000. It looks like I can't post anymore next time. It won't be easy to post after Dafu Technology clears out its inventory."
In today's Taogu Bar, there are over 50,000 fans, which is not a small number. Considering that his positions are getting bigger and bigger, Gu Junhao also feels that it is time for him to quit Taogu Bar.
Although your current holdings will not be deliberately targeted by the main force, even if it exceeds 10 million, it is unlikely. The main force has invested so much money and has the time and energy to trade a stock. Unless your holdings are too large, they will not stop when they start.
This is the reason why the saying "the arrow is on the string and must be shot" comes into being.
However, now that I have a lot of money, I should try to be as low-key as possible. Fortunately, I didn’t do any T today, so I don’t have to worry about being on the Dragon and Tiger List.
At 5:30, the Dragon and Tiger list was updated, and Dafu Technology was on the list with a daily increase of 7%. From the Dragon and Tiger list, it seemed that CITIC Construction Investment Jiangcheng Zhongbei Road Branch bought 17.6388 million yuan, which should be the funds that closed the board in the last trading session.
The buying funds basically match the 6,000 lots at the end of the trading day. Buying two may also help, but the total funds don't match a bit, so it should not be his main closure.
As expected, it was the hot money that was causing trouble again. From buy one to buy five, and sell one to sell five, they were all hot money.
However, the overall purchase is not large, and the net purchase difference is only more than 20 million yuan. Hot money may push up the stock price, but overall it is still impossible to control the market.
What is rare is that today's hot money has become smart. They break down their funds into small orders and push up the stock price step by step. They just buy at the end of the trading day. Otherwise, without the Dragon and Tiger List, no one would notice.
However, this is the third time that Dafu Technology has appeared on the Dragon and Tiger list since March 28 this year. It has appeared on the Dragon and Tiger list three times in just half a month. It is inevitable that the trend will accelerate.
Nothing happened that night. On Wednesday, April 16, we entered the trading period of the second half of the month. A-shares have always had a very strange metaphysics, that is, they rose most of the time in the first half of the month, and fell most of the time in the second half of the month.
I don't know if it has something to do with retail investors' salary payments. Anyway, this is a very strange sight. The two markets had mixed gains and losses today.
The Shanghai Composite Index fell sharply yesterday and rebounded slightly today. The Shanghai Composite Index barely held the six-month line, while the ChiNext Index fell unilaterally again. The market structure gradually weakened and the trading volume in the two markets also slumped again.
Judging from the macro data released today, GDP growth in the first quarter was 7.4%, better than the market expectation of 7.2%, but lower than the economic growth target of 7.5%.
The negative news of economic data has come true. Apart from the restart of IPOs, there has been no other major negative news in the market. This is also one of the reasons why the Shanghai Composite Index rebounded today and the big financial institutions supported the market.
However, if we want a full rebound, in addition to waiting for the negative impact of the resumption of IPOs to be realized, we also need a series of new policies.
Affected by the sluggish market, Dafu Technology did not have the performance of yesterday. The amplitude of the whole day was controlled below 5%. It created a new high of 28.44 yuan during the session and closed at 27.80 yuan, an increase of 0.69%. The trading volume also remained in a shrinking state with the entire market, with a total daily turnover of 258 million yuan.
On Thursday, the statutory decline day, both markets continued to perform sluggishly, blue-chip stocks performed poorly, the Shanghai Composite Index continued to fall, banks, real estate and securities companies all fell back, and cyclical stocks such as coal, steel and nonferrous metals also performed poorly.
Under such circumstances, funds flowed back to the ChiNext to a small extent, and the ChiNext closed higher today.
Influenced by the news, today in Ningbo, where Gu Junhao is located, a series of local stocks in Ningbo have soared, and Ningbo Shipping has even soared to the daily limit.
In his previous life, Gu Junhao liked to buy local stocks in Ningbo, and he had a special liking for Ningbo Bank. However, he didn't find any opportunities in this life. Today's big rise has brought back his memories.
Dafu Technology also performed well today, continuing to set new highs, and finally closed at 29.24 yuan, up 5.18%.
Unlike the sluggish overall market, Dafu Technology has achieved four consecutive positive days this week , surging 19.5% in four days. It is only one step away from the 30 yuan mark, which is extremely perfect.
However, there was another piece of news today that caught Gu Junhao's attention. The central bank canceled the 14-day reverse repurchase and implemented targeted reserve requirement ratio cuts for village banks.
"It seems that the monetary policy has loosened, which is good news." The loosening of monetary policy means that the spring of the bull market is about to arrive.
April 18, Friday, was the last trading day of the week and also the delivery day for stock index futures. The overall market was lackluster, with both markets still characterized by volatility and no major hot spots for speculation.
The Shanghai Composite Index closed down for two consecutive days, falling below 2100 points and finally closing at 2097.75 points, sending an ominous signal on the market.
The ChiNext performed fairly well today, closing at 1377.42 points, up 0.72%. It showed three consecutive positive trends on the weekly chart, but it still could not get rid of the overall suppressed pattern.
As for Dafu Technology, it failed to continue its five-day winning streak today. Dafu Technology opened low today, and after rising to 29.98 yuan, it failed to break through the 30 yuan mark and chose to oscillate downward.
It is still a trend against the index. Finally, today Dafu Technology fell below 29 yuan and closed at 28.71 yuan, a drop of 1.81%. The trading volume also increased to 308 million yuan.
"I think some of the hot money that entered the market on the day of the daily limit has run away in the past two days." However, Dafu Technology performed very well this week, leading the two markets with a weekly increase of 17.33%.
From the first of this month to now, the stock price has risen by 47.8% without anyone noticing, which made Gu Junhao sigh at the power of trends.
"Fast is slow, slow is fast." It would be great if there were no hot money causing trouble and the stock price could rise slowly. Now the hot money is coming in and out, which also affects the long-term trend of the stock price.
The closing price of 28.71 yuan also made Gu Junhao's market value finally fixed at 9.4743 million yuan this week. Today, Dafu Technology had an increase in volume and the amplitude reached 8.45%. Gu Junhao made a small move and increased his holdings to 3,300 lots.
After more than a month, Gu Junhao's market value has increased from 4 million yuan when he built his position to 9.4743 million yuan now, with a profit rate of 136.86%. It should be noted that this was under the circumstance of a unilateral decline in the ChiNext Index. Such a profit is enough to be considered generous.
