The Road to Rebirth Finance
Chapter 327 Black Week 1
Chapter 327 Black Monday
The stock market crash caused great losses to the market, which cannot be avoided by any participant. After the end of this week's trading, the same is true for personal accounts, proprietary trading accounts, and Junshi No. [-], which regularly publishes net worth.
But speaking of it, for the investors of Junshi Capital and Junshi No. [-], Wuliangye's suspension of trading at this time is a lucky thing, and it has slowed down the decline in the net value of Junshi No. [-] Fund in the short term.
This week, Vanke A fell 6.96% to 13.91 yuan, while Maotai Liquor fell 11.26%, and its stock price officially fell below the 200 yuan mark to 186.33 yuan.
If calculated according to the decline of Maotai Liquor Industry, if there is no suspension of trading, Wuliangye will lose at least 4000 million yuan, so even the monster who owns the shares of Tellus will not be able to resist.
The prerequisite for ensuring that the net value of the fund does not change much is that the stock price does not fluctuate much. If it falls sharply during the same period, it will not work after all.
Junshi No. 12's Maotai Liquor has already lost nearly [-]%. If the environment did not allow it, Gu Junhao would not have opened a position at this time, no matter how cheap his stock price was.
In the process of stocks falling, especially when the stock market crashes, it is very dangerous to buy bottoms.
Many investors often die on the road of bottom-hunting.
However, Vanke A is still in a profitable state. The stock price of Vanke A has been fluctuating around 13 yuan to 16 yuan recently. No matter how much the market falls, it will remain so.
Judging from the stock price trend, insurance capital should have begun to build large positions during this time period.
With the support of large funds, the stock price can remain stable in a controllable range.
The two stocks exceeded nearly 6000 million yuan within a week, and Tellus shares had been liquidated again. This week, the net value of Junshi No. 31.44 Fund retreated sharply. The overall size fell to more than 6.2892 billion yuan, and the net value ratio returned to [-].
Within a week, it basically lost all the gains in the previous two weeks and returned to the level at the end of July.
Since Gu Junhao announced his return on the news on July 7, there has finally been a retracement, and it is the largest one.
The largest range mentioned is the amount of loss within a week, not the loss rate.
The net worth ratio announced by Junshi No. [-] this week finally let the market breathe a sigh of relief.
Otherwise, this kind of net worth rate that keeps growing no matter what the trend is is really overwhelming.
"Haha, Brother T finally fell once, just like us, he didn't escape the stock market crash."
"Seeing that Brother T didn't escape the stock market crash, I feel relieved. It's not that I'm not good enough, but the market is bad."
"I lost more than 6000 million yuan. This should be Brother T's biggest loss, right? There were relatively few retracements before."
"Upstairs, don't just look at the loss of more than 6000 million. Put it in Junshi No. 2's net worth. Brother T's loss this week is only about [-]%, which is still very strong."
"You're the only one with eyes? I don't know that Brother T only lost less than 2%? I'll just talk about the amount! Lost more than me, I'm at the same level as Brother T."
"Haha, he's in a hurry, but seeing that Brother T is still on the field, I feel relieved."
"Yeah, Brother T can lose more than 6000 million in a week, which means that the position is definitely not low. As long as Brother T is still trading, I will not be afraid. At worst, just lie down and pretend to be dead."
"A retracement of Brother T's fund has shown us the force majeure of the market. Even if it is as strong as Brother T, it can't withstand the stock market crash. No wonder the position was cleared before the 5178 point last time."
"It makes sense, so everyone should not blindly believe Brother T. The market in the stock market crash is dangerous. If you can avoid trading, you should try not to trade. At least for this period of time, you should reduce trading."
"I understand the truth, but I just can't control what to do."
On Saturday, dozens of listed companies disclosed the shareholdings announced by China Securities Finance Corporation and Huijin, including five banks, one insurance company, and several securities companies. Based on the closing price, Huijin’s total shareholding is about 250 billion yuan.
And on Sunday, several companies released announcements in succession, disclosing the shareholdings of Huijin and China Securities Finance Corporation. This centralized disclosure can be regarded as the first showing of the national team's shareholding.
In the case of a stock market crash, the collective disclosure of shareholding and open and transparent information will have a higher ability to identify ordinary investors and play a clear and expected effect.
With this collective appearance, it is expected that a considerable number of companies will disclose the shareholdings of Securities Finance and Huijin in the later period.
The purpose of doing this cannot be to stabilize the market, telling ordinary investors that the national team is using real money to buy in to save the market, and the purchase volume of the Zhengjin family alone is as high as 250 billion yuan.
What major companies are doing is nothing more than stabilizing the mentality of investors. As for the result, we will have to wait until next Monday. Whether the Shanghai Composite Index can hold the mark of 3500 points will be answered by the market.
On August 2014, 8, the call auction ended, and the Shanghai and Shenzhen stock markets did not show any confidence in the holdings of the national team announced on the weekend. On the contrary, they were extremely pessimistic.
The Shanghai Composite Index opened at 3373.48 points, gapped and fell 3.98%, and the ChiNext Index opened at 2222.54 points, also gapped and fell 5.37%.
In the early trading call auction, the market is so big, let alone hold the 3500 point level. The start of the two cities has caused a high degree of panic in the market.
The shares of Maotai Liquor and Vanke A opened sharply lower in early trading, and the shares of Tellus, which had been cleared, fell by the limit at one word. Tong Huashun, which was filed and adjusted by the China Securities Regulatory Commission last Thursday, approached the limit for the third consecutive trading day this morning.
The Shanghai and Shenzhen stock markets are gloomy. Compared with last week's stock market crash, today's opening is even more depressing. Large-scale sharply lower openings and one-word limit-down, even if you want to run, you don't have the courage to run.
"Damn it! Dapan is going to kill people without showing any blood. Today is over."
"How can I do this? My stock has dropped to the limit, and I can't even cut it."
"Do you want to buy the bottom? If the limit is opened, it will be a big profit. Maybe the national team will make a move in the market."
"Brother, I advise you to be kind. At this time, you are still fooling people into making a move. The national team has bought so much. It is estimated that they have no money. Otherwise, they will not announce their positions. This is obviously for retail investors to take over."
"That's the reason. After they finish buying, they lie down and wait for us to pull or take over. Anyway, they can keep it for as long as they want. If they make money, they will sell it to us."
"Anyway, I don't dare to buy it again. As for letting me cut it, I definitely won't cut it. I won't spend it with them without financing."
At 9:30, the official trading began, and the two markets showed no sign of rebounding. The decline of the Shanghai Stock Exchange Index quickly expanded to 6%, and the decline of the ChiNext Index expanded to more than 7%.
The cloud was cloudy, and some stocks continued to hit the limit. Maotai Liquor quickly fell below 180 yuan, and the floating loss further expanded.
However, in Gu Junhao's view, it is a very rare opportunity to be able to buy a Maotai under 200 yuan.
From 2012 to 2015, the entire liquor industry was in a difficult period. The liquor index fell by 22%. As the industry leader, Maotai is expected to grow by only 1% this year.
The industry leader's growth rate is expected to be so low, including a series of liquor stocks, which are understandably unpopular this year.
Since 2016, the liquor industry has undergone a series of adjustments, and the entire industry has shown signs of recovery, and it has truly reversed its predicament.
Nowadays, the stock price below 200 yuan is very cheap in Gu Junhao's view. Junshi No. [-] has no plans to liquidate, and it can really own Maotai for a long time.
At 10 o'clock, the decline of the Shanghai Composite Index expanded to more than 7%, the decline of the ChiNext Index expanded to more than 8%, and almost all the constituent stocks of the ChiNext fell by the limit.
Maotai shares fell to 175.53 yuan, a drop of 5.8%.
"Get ready, today's big drop in Maotai is stable, and continue to increase positions today." Gu Junhao said to everyone who was staring at the market.
In terms of external markets, the Asia-Pacific stock markets including Hong Kong stocks also fell sharply today, and the recent stock market crash of A-shares is not out of the ordinary today.
"Huh? Is it too risky to increase positions at this market today?" Cao Wenxun said with some doubts.
"It's okay. The current position is not high. If there is a sharp drop in the future, we will continue to increase. Where can we find Maotai with more than 100 yuan."
"Okay." Cao Wenxun said helplessly. The fund manager has absolute authority, and he was just reminding him.
At 10:11, the Shanghai stock index expanded its decline again. So far, more than 1500 stocks in the two cities have fallen by the limit, and all tradable GEM constituent stocks have fallen by the limit.
Maotai Liquor fell to 171.71 yuan, a drop of 7.85%. Funds continued to flee, and the stock price also showed a trend of falling limit.
At the critical moment, the national team took action to maintain the index, but even so, the decline could no longer be suppressed, and the Shanghai Composite Index no longer rebounded as vigorously as before.
In the afternoon, as the peripheral Asia-Pacific stock markets plummeted simultaneously, the decline in the Shanghai Composite Index further expanded, and the intraday index fell and hit the limit.
After the ChiNext Index struggled a bit in the afternoon, the index remained unchanged at a drop of more than 8%.
In fact, under the influence of removing a series of suspended individual stocks, the GEM index has already closed the daily limit just like individual stocks.
It is rare for Maotai Liquor to hit the limit in the afternoon.
Although Maotai saw a huge drop after the stock market crash, it still rarely hit the limit. In a sense, Maotai, which hit the limit with heavy volume today, also has an initial trend of bottoming out.
To judge whether a stock that has been falling continuously has bottomed out, in addition to the bottom rebound limit, the bottom limit is also very important.
From a technical analysis point of view, a stock continues to fall along the [-]-day line, and its trend has always been dominated by cross-yin lines, and there are very few negative lines with heavy volume and sharp drops.
It is not possible to buy bottoms at this time. There was no real heavy volume during the stock price decline, indicating that the stock price decline has not yet ended.
Only after the stock price trend shows a big yin and a big yang can we enter into tentative bottom-hunting.
It is very rare for Maotai to touch the limit today, and Gu Junhao will naturally not miss this opportunity.
"Buy quickly, the limit is down, good opportunity, buy more this time, 2.4 lots, make up 4 lots."
"Okay." The trader acted quickly. Maotai's stock price and trading volume were sufficient to support the 2.4 lots. If you can't buy it today, you can continue to buy it tomorrow.
Vanke A also fell sharply in the afternoon, but its stock price trend was obviously much stronger. It hit a low of 12.88 yuan in the afternoon, a drop of more than 8%. Before Gu Junhao could react, it quickly rose.
In a short period of time, the purchase volume of more than 4 million yuan quickly pushed Vanke to more than 13 yuan, and the decline narrowed to about 5%.
Buying orders of 1 lots or 2 lots at every turn, and the stock price backed by big money buying bottoms are different. The stock price has not yet fallen below the cost line, so Gu Junhao doesn't need to rush to cover Wanke's position.
The competition for equity will inevitably be repeated. Judging from the recent trend, 13 yuan is a threshold for both parties to compete for. Every time the price falls below 13 yuan, Vanke will surely rise back quickly.
After the second stock market crash, it will be the real market bottom in the second half of this year. Regarding when Vanke will increase its position, Gu Junhao’s idea is to buy at a price below 13 yuan, and he does not want to increase his position above 13 yuan.
Maotai's lower limit price did not last long, and then with Gu Junhao's large purchases, the lower limit has also been opened. After trading throughout the day, Gu Junhao spent a total of 4.032 million yuan to buy 2.4 lots.
So far, Junshi No. 4 holds a total of 184.05 hands of Maotai Liquor, with a cost of 6.78 yuan and a closing market value of more than [-] million yuan.
Maotai closed at 169.64 yuan today, and the stock price fell by 8.96%. Through a large margin, the floating loss shrank to less than 10%.
At the same time, Maotai has also become Junshi No. 10's top holding stock. Although there is still room for buying, Gu Junhao does not plan to increase his position again if the floating loss is kept within [-]%.
In Gu Junhao's principle of covering positions, when the stock price has the possibility of changing from a floating loss to a floating profit within a day, that is, the floating loss is controlled above 10%, in most cases, the position will not be increased.
The Shanghai Composite Index broke through 3500, 3400, and 3300 points in a row today, and even fell below 3200 points in the intraday session, and finally closed at 3209.91 points, barely keeping the 3200 position.
The 8.49% decline also created the largest single-day decline record since February 2007. The GEM index fell 2% throughout the day, and the stock index closed at 8.08 points.
Today, more than 2000 individual stocks in the two cities fell by the limit, and all the constituent stocks of the ChiNext Board fell by the limit. At the same time, the stock markets in the Asia-Pacific region also fell sharply today.
The stock markets of many European countries also plummeted across the board today. Under such a background, the U.S. stock market, which opened at night, could hardly resist the transmission effect of the overall decline in global stock markets.
As soon as the market opened on the 24th, the U.S. stock market fell rapidly. The Dow fell by 6 points in just 1089 minutes after the opening.
Not only A-shares, global stock markets encountered Black Monday today, which is a spectacle.
On August 8, the Shanghai Composite Index fell another 25%, the index fell below 7.63 points to 3000 points, and the ChiNext Index fell 2964.97% to 7.52 points.
Within a day, the Shanghai Composite Index fell below 3000 points, and the ChiNext Index fell below 2000 points. After more than 2000 individual stocks fell by the limit yesterday, more than 1500 individual stocks fell by the limit again today.
Maotai Liquor Industry performed well today. Maotai opened at 167.46 yuan in early trading. The stock price only fell to 166.20 yuan during the opening panic stage, and then started to rebound.
Throughout the day, Maotai Liquor rose 4.10% to 176.59 yuan. Vanke A continued to stick to the 13-yuan integer today, falling 1.44% to 13 yuan.
In the news on the evening of August 8, the central bank once again announced a cut in interest rates and RRR, and the China Financial Exchange announced that it will take regulatory measures to ensure the stability of the stock index futures market and avoid excessive skyrocketing and plummeting market trends.
With the black Monday of the global market this Monday and today's sharp drop again, the index fell to an important level, and the second round of rescue plans came into being.
There's only one chapter tonight, and it's too late tonight.
(End of this chapter)
The stock market crash caused great losses to the market, which cannot be avoided by any participant. After the end of this week's trading, the same is true for personal accounts, proprietary trading accounts, and Junshi No. [-], which regularly publishes net worth.
But speaking of it, for the investors of Junshi Capital and Junshi No. [-], Wuliangye's suspension of trading at this time is a lucky thing, and it has slowed down the decline in the net value of Junshi No. [-] Fund in the short term.
This week, Vanke A fell 6.96% to 13.91 yuan, while Maotai Liquor fell 11.26%, and its stock price officially fell below the 200 yuan mark to 186.33 yuan.
If calculated according to the decline of Maotai Liquor Industry, if there is no suspension of trading, Wuliangye will lose at least 4000 million yuan, so even the monster who owns the shares of Tellus will not be able to resist.
The prerequisite for ensuring that the net value of the fund does not change much is that the stock price does not fluctuate much. If it falls sharply during the same period, it will not work after all.
Junshi No. 12's Maotai Liquor has already lost nearly [-]%. If the environment did not allow it, Gu Junhao would not have opened a position at this time, no matter how cheap his stock price was.
In the process of stocks falling, especially when the stock market crashes, it is very dangerous to buy bottoms.
Many investors often die on the road of bottom-hunting.
However, Vanke A is still in a profitable state. The stock price of Vanke A has been fluctuating around 13 yuan to 16 yuan recently. No matter how much the market falls, it will remain so.
Judging from the stock price trend, insurance capital should have begun to build large positions during this time period.
With the support of large funds, the stock price can remain stable in a controllable range.
The two stocks exceeded nearly 6000 million yuan within a week, and Tellus shares had been liquidated again. This week, the net value of Junshi No. 31.44 Fund retreated sharply. The overall size fell to more than 6.2892 billion yuan, and the net value ratio returned to [-].
Within a week, it basically lost all the gains in the previous two weeks and returned to the level at the end of July.
Since Gu Junhao announced his return on the news on July 7, there has finally been a retracement, and it is the largest one.
The largest range mentioned is the amount of loss within a week, not the loss rate.
The net worth ratio announced by Junshi No. [-] this week finally let the market breathe a sigh of relief.
Otherwise, this kind of net worth rate that keeps growing no matter what the trend is is really overwhelming.
"Haha, Brother T finally fell once, just like us, he didn't escape the stock market crash."
"Seeing that Brother T didn't escape the stock market crash, I feel relieved. It's not that I'm not good enough, but the market is bad."
"I lost more than 6000 million yuan. This should be Brother T's biggest loss, right? There were relatively few retracements before."
"Upstairs, don't just look at the loss of more than 6000 million. Put it in Junshi No. 2's net worth. Brother T's loss this week is only about [-]%, which is still very strong."
"You're the only one with eyes? I don't know that Brother T only lost less than 2%? I'll just talk about the amount! Lost more than me, I'm at the same level as Brother T."
"Haha, he's in a hurry, but seeing that Brother T is still on the field, I feel relieved."
"Yeah, Brother T can lose more than 6000 million in a week, which means that the position is definitely not low. As long as Brother T is still trading, I will not be afraid. At worst, just lie down and pretend to be dead."
"A retracement of Brother T's fund has shown us the force majeure of the market. Even if it is as strong as Brother T, it can't withstand the stock market crash. No wonder the position was cleared before the 5178 point last time."
"It makes sense, so everyone should not blindly believe Brother T. The market in the stock market crash is dangerous. If you can avoid trading, you should try not to trade. At least for this period of time, you should reduce trading."
"I understand the truth, but I just can't control what to do."
On Saturday, dozens of listed companies disclosed the shareholdings announced by China Securities Finance Corporation and Huijin, including five banks, one insurance company, and several securities companies. Based on the closing price, Huijin’s total shareholding is about 250 billion yuan.
And on Sunday, several companies released announcements in succession, disclosing the shareholdings of Huijin and China Securities Finance Corporation. This centralized disclosure can be regarded as the first showing of the national team's shareholding.
In the case of a stock market crash, the collective disclosure of shareholding and open and transparent information will have a higher ability to identify ordinary investors and play a clear and expected effect.
With this collective appearance, it is expected that a considerable number of companies will disclose the shareholdings of Securities Finance and Huijin in the later period.
The purpose of doing this cannot be to stabilize the market, telling ordinary investors that the national team is using real money to buy in to save the market, and the purchase volume of the Zhengjin family alone is as high as 250 billion yuan.
What major companies are doing is nothing more than stabilizing the mentality of investors. As for the result, we will have to wait until next Monday. Whether the Shanghai Composite Index can hold the mark of 3500 points will be answered by the market.
On August 2014, 8, the call auction ended, and the Shanghai and Shenzhen stock markets did not show any confidence in the holdings of the national team announced on the weekend. On the contrary, they were extremely pessimistic.
The Shanghai Composite Index opened at 3373.48 points, gapped and fell 3.98%, and the ChiNext Index opened at 2222.54 points, also gapped and fell 5.37%.
In the early trading call auction, the market is so big, let alone hold the 3500 point level. The start of the two cities has caused a high degree of panic in the market.
The shares of Maotai Liquor and Vanke A opened sharply lower in early trading, and the shares of Tellus, which had been cleared, fell by the limit at one word. Tong Huashun, which was filed and adjusted by the China Securities Regulatory Commission last Thursday, approached the limit for the third consecutive trading day this morning.
The Shanghai and Shenzhen stock markets are gloomy. Compared with last week's stock market crash, today's opening is even more depressing. Large-scale sharply lower openings and one-word limit-down, even if you want to run, you don't have the courage to run.
"Damn it! Dapan is going to kill people without showing any blood. Today is over."
"How can I do this? My stock has dropped to the limit, and I can't even cut it."
"Do you want to buy the bottom? If the limit is opened, it will be a big profit. Maybe the national team will make a move in the market."
"Brother, I advise you to be kind. At this time, you are still fooling people into making a move. The national team has bought so much. It is estimated that they have no money. Otherwise, they will not announce their positions. This is obviously for retail investors to take over."
"That's the reason. After they finish buying, they lie down and wait for us to pull or take over. Anyway, they can keep it for as long as they want. If they make money, they will sell it to us."
"Anyway, I don't dare to buy it again. As for letting me cut it, I definitely won't cut it. I won't spend it with them without financing."
At 9:30, the official trading began, and the two markets showed no sign of rebounding. The decline of the Shanghai Stock Exchange Index quickly expanded to 6%, and the decline of the ChiNext Index expanded to more than 7%.
The cloud was cloudy, and some stocks continued to hit the limit. Maotai Liquor quickly fell below 180 yuan, and the floating loss further expanded.
However, in Gu Junhao's view, it is a very rare opportunity to be able to buy a Maotai under 200 yuan.
From 2012 to 2015, the entire liquor industry was in a difficult period. The liquor index fell by 22%. As the industry leader, Maotai is expected to grow by only 1% this year.
The industry leader's growth rate is expected to be so low, including a series of liquor stocks, which are understandably unpopular this year.
Since 2016, the liquor industry has undergone a series of adjustments, and the entire industry has shown signs of recovery, and it has truly reversed its predicament.
Nowadays, the stock price below 200 yuan is very cheap in Gu Junhao's view. Junshi No. [-] has no plans to liquidate, and it can really own Maotai for a long time.
At 10 o'clock, the decline of the Shanghai Composite Index expanded to more than 7%, the decline of the ChiNext Index expanded to more than 8%, and almost all the constituent stocks of the ChiNext fell by the limit.
Maotai shares fell to 175.53 yuan, a drop of 5.8%.
"Get ready, today's big drop in Maotai is stable, and continue to increase positions today." Gu Junhao said to everyone who was staring at the market.
In terms of external markets, the Asia-Pacific stock markets including Hong Kong stocks also fell sharply today, and the recent stock market crash of A-shares is not out of the ordinary today.
"Huh? Is it too risky to increase positions at this market today?" Cao Wenxun said with some doubts.
"It's okay. The current position is not high. If there is a sharp drop in the future, we will continue to increase. Where can we find Maotai with more than 100 yuan."
"Okay." Cao Wenxun said helplessly. The fund manager has absolute authority, and he was just reminding him.
At 10:11, the Shanghai stock index expanded its decline again. So far, more than 1500 stocks in the two cities have fallen by the limit, and all tradable GEM constituent stocks have fallen by the limit.
Maotai Liquor fell to 171.71 yuan, a drop of 7.85%. Funds continued to flee, and the stock price also showed a trend of falling limit.
At the critical moment, the national team took action to maintain the index, but even so, the decline could no longer be suppressed, and the Shanghai Composite Index no longer rebounded as vigorously as before.
In the afternoon, as the peripheral Asia-Pacific stock markets plummeted simultaneously, the decline in the Shanghai Composite Index further expanded, and the intraday index fell and hit the limit.
After the ChiNext Index struggled a bit in the afternoon, the index remained unchanged at a drop of more than 8%.
In fact, under the influence of removing a series of suspended individual stocks, the GEM index has already closed the daily limit just like individual stocks.
It is rare for Maotai Liquor to hit the limit in the afternoon.
Although Maotai saw a huge drop after the stock market crash, it still rarely hit the limit. In a sense, Maotai, which hit the limit with heavy volume today, also has an initial trend of bottoming out.
To judge whether a stock that has been falling continuously has bottomed out, in addition to the bottom rebound limit, the bottom limit is also very important.
From a technical analysis point of view, a stock continues to fall along the [-]-day line, and its trend has always been dominated by cross-yin lines, and there are very few negative lines with heavy volume and sharp drops.
It is not possible to buy bottoms at this time. There was no real heavy volume during the stock price decline, indicating that the stock price decline has not yet ended.
Only after the stock price trend shows a big yin and a big yang can we enter into tentative bottom-hunting.
It is very rare for Maotai to touch the limit today, and Gu Junhao will naturally not miss this opportunity.
"Buy quickly, the limit is down, good opportunity, buy more this time, 2.4 lots, make up 4 lots."
"Okay." The trader acted quickly. Maotai's stock price and trading volume were sufficient to support the 2.4 lots. If you can't buy it today, you can continue to buy it tomorrow.
Vanke A also fell sharply in the afternoon, but its stock price trend was obviously much stronger. It hit a low of 12.88 yuan in the afternoon, a drop of more than 8%. Before Gu Junhao could react, it quickly rose.
In a short period of time, the purchase volume of more than 4 million yuan quickly pushed Vanke to more than 13 yuan, and the decline narrowed to about 5%.
Buying orders of 1 lots or 2 lots at every turn, and the stock price backed by big money buying bottoms are different. The stock price has not yet fallen below the cost line, so Gu Junhao doesn't need to rush to cover Wanke's position.
The competition for equity will inevitably be repeated. Judging from the recent trend, 13 yuan is a threshold for both parties to compete for. Every time the price falls below 13 yuan, Vanke will surely rise back quickly.
After the second stock market crash, it will be the real market bottom in the second half of this year. Regarding when Vanke will increase its position, Gu Junhao’s idea is to buy at a price below 13 yuan, and he does not want to increase his position above 13 yuan.
Maotai's lower limit price did not last long, and then with Gu Junhao's large purchases, the lower limit has also been opened. After trading throughout the day, Gu Junhao spent a total of 4.032 million yuan to buy 2.4 lots.
So far, Junshi No. 4 holds a total of 184.05 hands of Maotai Liquor, with a cost of 6.78 yuan and a closing market value of more than [-] million yuan.
Maotai closed at 169.64 yuan today, and the stock price fell by 8.96%. Through a large margin, the floating loss shrank to less than 10%.
At the same time, Maotai has also become Junshi No. 10's top holding stock. Although there is still room for buying, Gu Junhao does not plan to increase his position again if the floating loss is kept within [-]%.
In Gu Junhao's principle of covering positions, when the stock price has the possibility of changing from a floating loss to a floating profit within a day, that is, the floating loss is controlled above 10%, in most cases, the position will not be increased.
The Shanghai Composite Index broke through 3500, 3400, and 3300 points in a row today, and even fell below 3200 points in the intraday session, and finally closed at 3209.91 points, barely keeping the 3200 position.
The 8.49% decline also created the largest single-day decline record since February 2007. The GEM index fell 2% throughout the day, and the stock index closed at 8.08 points.
Today, more than 2000 individual stocks in the two cities fell by the limit, and all the constituent stocks of the ChiNext Board fell by the limit. At the same time, the stock markets in the Asia-Pacific region also fell sharply today.
The stock markets of many European countries also plummeted across the board today. Under such a background, the U.S. stock market, which opened at night, could hardly resist the transmission effect of the overall decline in global stock markets.
As soon as the market opened on the 24th, the U.S. stock market fell rapidly. The Dow fell by 6 points in just 1089 minutes after the opening.
Not only A-shares, global stock markets encountered Black Monday today, which is a spectacle.
On August 8, the Shanghai Composite Index fell another 25%, the index fell below 7.63 points to 3000 points, and the ChiNext Index fell 2964.97% to 7.52 points.
Within a day, the Shanghai Composite Index fell below 3000 points, and the ChiNext Index fell below 2000 points. After more than 2000 individual stocks fell by the limit yesterday, more than 1500 individual stocks fell by the limit again today.
Maotai Liquor Industry performed well today. Maotai opened at 167.46 yuan in early trading. The stock price only fell to 166.20 yuan during the opening panic stage, and then started to rebound.
Throughout the day, Maotai Liquor rose 4.10% to 176.59 yuan. Vanke A continued to stick to the 13-yuan integer today, falling 1.44% to 13 yuan.
In the news on the evening of August 8, the central bank once again announced a cut in interest rates and RRR, and the China Financial Exchange announced that it will take regulatory measures to ensure the stability of the stock index futures market and avoid excessive skyrocketing and plummeting market trends.
With the black Monday of the global market this Monday and today's sharp drop again, the index fell to an important level, and the second round of rescue plans came into being.
There's only one chapter tonight, and it's too late tonight.
(End of this chapter)
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I signed in at the Reincarnation Paradise
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A teacher with zero training in the Hanging Class
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