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Chapter 510 Birthday Invitation
The global stock market in August ushered in a major turbulence due to the US subprime mortgage crisis, represented by a wave of rapid declines in the European, American and Japanese stock markets.

However, China's A-shares, which are in the second half of the big bull market, only fell for two consecutive days on August 8 and 16. During these two days, the Shanghai Stock Exchange Index fell by more than 17 points, and the adjustment range was less than 230 points. 5%.

On August 8, the Shanghai stock index jumped more than 20 points and stood at 200 points again.

On August 8, after the Shanghai stock index rose for 22 consecutive days, it was only one step away from the 3-point mark.

On August 8, the stock index opened with a gap, and directly surpassed 23 points. After quickly covering the gap, it rose again. In the afternoon, it closed at 5000 points.

"Too strong, such an important threshold as 5000 points, just passed..."

In the trading room of the investment department of 51 Group, Huang Yufei and several traders were admiring.

After 3 o'clock in the afternoon, Wu Ruohan came to the trading room with Gao Yang on his arm.

Huang Yufei immediately complimented: "Mr. Gao, you and Ruohan are too accurate. Since the end of July, it has been converted into the market of 7 blue-chip stocks.

Breaking through the 5000-point mark today is easy, there is no resistance at all, and it even shrinks.

Institutional funds are steadily promoting the rise of blue-chip stocks. On August 8, when the adjustment was the deepest, the Shanghai Stock Exchange Index only fell below the 17-day line.

We originally thought that there would be a violent shock at the 5000-point mark. "

Gao Yang said: "It's normal, we discussed it in May, 5 points is the market center position, above 4000 points, it enters the bubble zone, above 5000 points, it is an obvious bubble.

This year, the central bank has raised interest rates four times in a row, raised deposit reserve requirements many times, and raised stamp duty three times on 4.

The economy is obviously overheated, and all these adjustments have failed to prevent the A shares from rising by more than 5000 points. It can only be said that the current bull market atmosphere is too crazy, and the market ignores all bad news.

Starting tomorrow, if we don't hit 5000 points within three trading days, we will start reducing our positions and retreating.

Before 5500 points, we have to reduce to half or 6% of the position. After 5500, it is an absolute bubble zone. As long as the index rises to this range, it is very likely to hit 6000 points.

Before 6000 points, we have to basically complete the retreat, leaving only 1% of the position.If it rises more than 6000 points, only half of the position will be kept.

Yu Fei, you must ensure that these transaction arrangements are properly implemented. "

Huang Yufei said: "Mr. Gao, we promise to implement it firmly."

Trader Yang Liu said: "Mr. Gao, Mr. Wu, Mr. Huang, if 5000 points is such an integer mark, if the institution does not guide the market to adjust and build a new consolidation platform technically, I estimate that this will speed up the peak. There is no way to go.

Institutional funds will definitely take advantage of the fanatical bull market atmosphere and withdraw while fighting.

Hundreds of billions of public funds have been raised in the past few months, all of which are accelerating their position building, and the reaction on the market is very obvious.

The subprime mortgage crisis in Europe and the United States has begun, and domestic monetary control policies are also being strengthened. In two years, the A-share index has risen by more than 5 times, which is already a super bull market that has never been seen in history.

I also feel that if the Shanghai Stock Exchange Index breaks through 5500 points, the risk is very high, and it may collapse at any time.

Once a big bull market of this level collapses, blood will inevitably flow into rivers.

Therefore, I suggest that above 5500 points and before 6000 points, we will clear all positions without leaving a single share! "

Huang Yufei also said: "Mr. Gao, I agree with Yang Liu's suggestion. If it can really rise to 6000 points, our holdings will mainly be leading stocks in insurance, real estate and non-ferrous industries. The total market value is expected to reach about 1300 billion.

At that time, even if half of the position is left, there will be a market value of about 65 billion.A 50% retracement is a loss of more than 30 billion. "

Gao Yang said: "Yu Fei, if we can withdraw 1000 billion funds, including the financing factor, our overall income will be dozens of times, it's enough, don't be too greedy.

How about this, as Yang Liu said, the stock index has risen over 6000 points and may collapse at any time. You can clear all positions during the rebound after the first wave of adjustments. "

Gao Yang glanced at Yang Liu again, and praised: "Yang Liu, your overall view is quite good."

Yang Liu said with a smile: "I learned this from Mr. Gao, Mr. Wu and Mr. Huang. I am very glad that I have the opportunity to join 51 Group to do business. With such a large amount of funds, such an opportunity to exercise is hard to find."

Gao Yang nodded and smiled: "You have worked hard for almost a year, and when this round of bull market is over, you will have a big vacation and take a good rest.

Next year, the US subprime mortgage crisis is likely to further deepen, and the A-share market is likely to collapse, which may be tragic.

There is no short-selling mechanism for A-shares. The group has registered an asset management company on Hong Kong Island. As a trading team, you can go to the Hong Kong stock market next year to train your short-selling thinking and skills, and try to compete with big international funds.

In addition to the Hong Kong stock market, you can also try to short the major European markets.

At that time, I will arrange for you to look like 10 billion US dollars to practice your hands.

Yang Liu, I will leave this matter to you. Are you interested? "

Yang Liu was pleasantly surprised: "Thank you Mr. Gao, I promise to complete the task."

Huang Yufei smiled and asked, "Mr. Gao, isn't our investment department going to have nothing to do next year?"

Gao Yang shook his head and smiled: "Next year, the investment department should be upgraded.

One is that Yangliu and his team went to Hong Kong Island for actual combat training, and the number of traders should be expanded to about 10 people.

In addition, the investment department has to set up its own industry analysis team. In 2008, the global economy and financial markets are highly likely to experience major turmoil, and Huaxia will not be immune to it alone.

We are going to investigate and analyze industries worthy of long-term investment in the next ten years, and we must also prepare for the establishment of formal private equity funds in the future.

Next year will be a year for all members of your department to learn and improve. "

Huang Yufei immediately understood: "Mr. Gao, that's great. We must work hard to improve ourselves."

Next, on August 8, the stock index directly gapped to open, leaving a small gap at the close.

8月27日和8月28日，A股继续上涨，28日盘中还一度突破了5200点。

On August 8, A-shares adjusted slightly, and by the close on August 29, they had reached 8 points.

The atmosphere of the bull market is so hot that it can't stop at all.

After the market closed in the afternoon, Gao Yang personally gave instructions to Huang Yufei, Yang Liu and others. After the market opened next Monday, if the price continued to rise, the plan to reduce positions would be formally implemented.

After 4 o'clock in the afternoon, Gao Yang suddenly received a call from Yang Ming in the office: "Brother Yang, today is my birthday, can you have a meal with me?"

Gao Yang said: "Mingming, happy birthday, don't you celebrate your birthday with your family?"

Yang Ming said: "I have already celebrated my birthday at noon. My parents and relatives have invited Aunt Liu, Yifei and Xiaoyue, as well as Sister Yunjiao and Sister Hanging."

Gao Yang thought for a while: "Okay, then I will accompany you..."

(End of this chapter)