The Road to Rebirth Finance

Chapter 160 Finding the Bottom (Happy Valentine's Day)

The strategy team of Zhongxin Securities released a research report at the end of June on the investment strategy of A shares in the second half of the year, with the theme of finding the bottom.

The report pointed out that various risks represented by real estate continue to be released, the weak balance of fundamental expectations will be broken downwards, and the superposition of rising risk premiums will indicate that the A-share market as a whole will still show a weak bottoming trend.

Investment in the bond market should be prioritized over the stock market, and funds in the stock market are more inclined to choose safer varieties, and high-valued growth stocks will continue to squeeze bubbles.

Translated, the general meaning is explained in words that people can understand: "The real estate risk is high, the macro economy is not good, and the big A will continue to fall. Don't invest money in the stock market. The bond market is better. If you really want to buy it, buy a big one." It’s a blue chip, small and medium entrepreneurship has no hope.”

When Gu Junhao saw this analysis report that was similar to being bearish on A shares, he almost couldn't laugh out loud. He really didn't know whether these people really didn't understand or did it on purpose.

"Fortunately, I didn't buy him when I was choosing the stock of a brokerage company." In fact, Gu Junhao didn't think about buying Zhongxin Securities at the beginning. After all, the stability of the leader is better than that of small and medium-sized securities companies, and there is no need to worry about the trading volume.

The credibility of Ashin in this period is still much higher than that of later generations. I have to say that many people will still believe his report. After all, the status of the leader of the brokerage firm cannot be shaken.

However, the trend in the first three days of early July did not seem to be affected by Ashin’s bearish research report. The GEM continued to rise, and some institutions also took the opportunity to sing more. Except for the Shanghai Composite Index, which was still fluctuating around 2060 points, everything else seemed to be fine. developing in a good direction.

However, Gu Junhao still agrees with the so-called bottom-finding in Ashin's research report.The growth rate of the GEM index is currently rebounding too fast, and it has risen above 1400 points in just six trading days.

创业板指数自从今年2月25日见顶以来，至5月16日跌至1210点位附近，三个月的时间里跌了300多个点位，可谓是非常之惨。

In Gu Junhao's view, this is the first time to bottom out. If the index makes another bottom out and forms a double bottom, it will be more solid for the later rise. Counting the 12 point on December 6 last year, it will be a perfect triple It's over.

However, this time it is best not to fall below the 5 point on May 16. It would be best if it can be stabilized above the 1210 point of the box. The triple bottom, the bottom is raised a little bit, whether it is an index or individual stocks , are perfect.

July 7th, Friday, was the last trading day of the week. In terms of trading, the four of Gu Junhao were relatively easy. Gu Junhao's Wanan Technology, which he traded by himself, was already full and there was no need to trade.

Liu Tingting also only has the newly transferred 200 million working capital left, and there is not much room for maneuvering. As for Xu Jianqing and Wang Ruoyu, their positions are very light. When it comes to copying the bottom.

However, Gu Junhao still decided to stay in the trading room for a while today, at least in the morning. Yesterday, he reduced what he could reduce because he judged that the market had entered a stagflation state and might face a correction.

And if you make a mistake in your judgment and continue to increase your volume to stand firm on the [-]-day line today, the market may really enter the short-squeeze mode. At this time, there is still time to admit your mistake, and it is only equivalent to doing a reverse T.

It has already entered July. Compared with the subsequent surge, such an anti-T is completely tolerable, and when it is time to admit cowardice, you have to admit cowardice.

At 9:25, the two cities both opened slightly lower, and among the fund holdings, except for Wanan Technology, which opened lower, the other three holdings all opened slightly higher, and the opening trend was completely opposite to that of the index.

"The trend of these four stocks is not considered strong, but it is a bit strange that they have followed the index for several consecutive trading days." Xu Jianqing stared at the time-sharing chart on the screen and analyzed the time-sharing chart of the index. .

Even Xu Jianqing, who could be regarded as the most careless among the four of them, had noticed it. It was impossible for the others not to have noticed. Generally speaking, stocks with weaker trends were used to following the trend of the index.

But the performance of these four stocks in the past few days is a bit weird. If you are a stock with little trading volume throughout the day, who gave you the courage to dare to go against the market for several consecutive trading days? This is worth thinking about up.

"Well, that's the truth. However, Dongfang's wealth fell sharply yesterday. It's not surprising that there is a small rebound today. It's just that the decline is too far away from the [-]-day line. A small rebound may be useless."

"Last time, the boss analyzed the downtrend trend. If it rebounds, it's also a scam. Remember, Xiao Wang, don't open a position lightly." Xu Jianqing said in a spirited manner.

So far, the boss has not released today's trading tasks, indicating that the market is still on the sidelines, so the mental state of the few people is relatively relaxed, and Xu Jianqing has also resumed his playful and smiling mode.

Regarding Xu Jianqing's shameless behavior, Wang Ruoyu directly chose to ignore him.

At 9:30, the official trading began, and the GEM index quickly rose to the red, but it was only a red, not a straight line like yesterday.

In terms of individual stocks, the trend of the four individual stocks has gone against the trend. The high-opening Dongfang Fortune, Yinzhijie, and Xibu Securities have all turned green quickly. The trend of Dongfang Fortune is better. The stock price rose again.

The other three stocks were not so lucky. The trading volume shrank, and the stock price remained in the green market and did not improve. However, Dongfang Fortune was only a little better. There were too few bottom-hunting funds, and the sum of funds in 5 minutes was less than 1000 million. quantity.

At 9:35, Dongfang Wealth, whose volume was shrinking, was once again put into the green market by a 500-lot sell order. Two minutes later, two 2-lot sell orders quickly smashed it to a price of 1500 yuan, reporting a drop of 11.19%.

"Hey, the index can't hold it anymore, so take a look." Xu Jianqing said, staring at the big screen.

I saw that the ChiNext Index began to increase in volume at this moment, and the strength of the bears increased greatly. It was a straight line similar to yesterday's morning session, but this time it was reversed, and it was downward.

The GEM index quickly fell to around 1413 points, a drop of more than 0.65%. At the same time, the Shanghai Composite Index also turned green, but the shock range of the Shanghai Composite Index was very small, not as exaggerated as the GEM Index.

The fluctuation range of the Shanghai Composite Index is small, just because the heavyweight stocks have remained stable, but the decline of some small-cap stocks with a large market value in the Shanghai stock market is the same as that of small and medium-sized enterprises, which is not low.

Among the thousands of individual stocks in the two cities, more than 60% of them are in the green market at the moment, and all major concept sectors have been shut down. Daifuku Technology, which has risen sharply for three consecutive trading days, also lost its previous performance today, opening low and moving low.

Another 10 minutes later, the ChiNext Index, which was unable to rebound, chose to go back down again at 10 o'clock in the morning to seek support from the 1-day moving average. Half an hour later, the ChiNext Index's decline expanded to more than [-]%.

In the past half an hour, individual stocks have fallen one after another, and many stocks have fallen by more than 3%, and the stocks held by Junshi No. [-] Fund have also been wiped out.

Yinzhijie fell more than 2%, Dongfang Fortune fell nearly 3%, and Xibu Securities fell 0.5%. The only low-opening Wanan Technology in early trading was unusually strong. It was brought down, and it is now maintained near the opening price of 10.20 yuan.

At 11 o'clock, Dongfang Fortune stopped at the price of 11.01 yuan and began to rebound, but the amount could continue to shrink.

"Boss, I feel like I can be a T, do you want to do it?" Wang Ruoyu is quite sure about Dongfang Wealth's judgment. Dongfang Wealth has a little resistance at the 11 yuan round mark, and he is sure of this.

It's just that the boss didn't say anything about trading from the morning meeting until after the market opened, and Wang Ruoyu couldn't make a decision on his own.

"If you don't do it, the amount is too small. If you do it, you won't be able to make much bargaining chips. If you can't sell it, it will go against the original intention of reducing your position." Gu Junhao understood what Wang Ruoyu meant, and took advantage of the stage of resistance at the 11-yuan integer mark, coupled with yesterday's big one. Falling, take advantage of the rebound in Dongfang's wealth today, and make a small profit by doing a T.

However, if you do this kind of amount of energy, you can't make many chips. If you really smash your hands, it will be boring. Sometimes you should give up or give up for petty profits.

"Well, it seems that the boss will continue to be bearish." Wang Ruoyu also understands Gu Junhao's concerns, and in his opinion, Dongfang's wealth has fallen today and the cost has increased.

Even if there is a rebound, the range of the rebound is limited. If there is no unexpected situation, Dongfang Fortune's 11 yuan position will undoubtedly be broken.

"Haha, Boss, do you want to take a screenshot of your holdings later? Today's full holdings are down. This is the first time for our fund to do this."

"There's nothing unusual about this. There's a first time for everything." Gu Junhao curled his lips and said, although the full position fell, the loss of the fund was not large, and the two stocks with the largest positions fell the least.

The trading volume is sluggish, and individual stocks are generally falling. Today's market is doomed to do nothing, but in order to prevent accidents, Gu Junhao still stayed in the trading room all day.

Another day without any transactions throughout the day, if Gu Manyi knew it, she would cry to death. It is said that since the fund was launched, although the amount of funds has been increasing, but in addition to the daily trading of the three, Gu Junhao has also slowed down his transactions. frequency.

There has not been a transaction in the personal account for several months in a row, and I don't know if Lao Wangtou and Gu Manyi regret the commission rate given that day is too favorable.

In the afternoon, the two cities continued to fluctuate and go down. After trading throughout the day, the Shanghai Composite Index fell by 0.19%, and the ChiNext Index fell by 0.77%.

Among the individual stocks, except for Dongfang Fortune, which rebounded slightly to close at 11.51 yuan, up 1.05%, the other three, including Daifuku Technology, which was cleared yesterday, all ended in decline. Yinzhijie and Wanan Technology both fell 1.56%. Securities fell 1.01%.

Due to the rebound of Dongfang's wealth, Xu Jianqing's wish to drop his positions across the board did not come true. There was always a stock that closed in the red, and Team Leader Xu expressed his helplessness.

　I wish you all a happy Valentine's Day!

　　
　
(End of this chapter)