The Road to Rebirth Finance

Chapter 330 The fuse goes online and the market bottoms out.

The Shanghai and Shenzhen stock markets have experienced three months of sharp declines, reaching 2850 points at the end of August. The popularity gathered in the previous period due to the big bull market has been wiped out during these three months.

The dying A-shares still fluctuated at low levels in the first two trading days of September. The formation of the market bottom does not mean that it will be achieved at one touch, and there is still a long process of bottoming that must be experienced.

In the first week of September, there were only two trading days, September 9 and September 1, and the overall performance of the two cities was quite average. From the 2rd to the 3th, A-shares and Hong Kong stocks will commemorate a special day. Closed.

In the two days of trading, there were no bright spots in the market. The second dip of the ChiNext dropped the low point of this round to 1779.18 points, and the performance of the Shanghai Stock Exchange Index was still flat.

After the market closed and entered September 9th, the Shanghai and Shenzhen stock markets both fell by more than 7%. Yuan price, reported 2 yuan.

Tellus shares did not drop the limit at all today, but closed at the limit with a heavy drop. At the price of 19.27 yuan, Gu Junhao has already started to build a position, and the stock price has already exceeded the price of half-cut. At this time, it should not be a big deal to build a position again question.

This time, Gu Junhao still intends to only buy [-] million funds. For this kind of monster stock, although he can know its specific trend, he can't take part in heavy positions, otherwise shipment will be a problem.

After the sharp drop, there must be news after the market. This has been the norm recently. Today, there are two big news in the market. The first is that Lu Province signed a pension fund entrusted operation contract with the Social Security Fund.

It is agreed that about 1000 billion yuan of pensions in the province will be transferred to the social security fund. At present, 500 billion yuan has been transferred, and the remaining 500 billion yuan will be in place around the Spring Festival of 2016 according to the contract.

With this transfer, although not all of the 500 billion funds will go to the stock market, at least part of the funds will gradually enter the stock market for long-term investment. This transfer also marks the official start of social security funds entering the market for investment.

However, after the news came out, ordinary stockholders held different views on this. The reason is that social security funds cannot be lost. Once a loss occurs, it will cause serious consequences. Most ordinary stockholders believe that social security funds are for cutting leeks. .

It is true, but the initial entry is also an opportunity to hunt for bottoms. After all, the big funds are mainly for cutting leeks; however, as long as you enter at the same time as the initial entry, it may not be an opportunity for bottom-hunting.

It's just that most investors are not aware of this problem at present, and only see its bad side. They don't know that everything has two sides.

And another big piece of news is the big move made by the management today, and the formal introduction of the circuit breaker mechanism for comments.

According to regulations, after the Shanghai and Shenzhen 300 Index triggers the 5% circuit breaker threshold, the exchange will suspend trading for 15 minutes, and if the market triggers 5% or 7% at any time throughout the day, trading will be suspended until the market closes.

The introduction of the circuit breaker mechanism is mainly to deal with the ups and downs of the Shanghai and Shenzhen stock markets caused by the recent stock market crash. It is good in conception, and it is now interpreted by the market as a major positive.

Even senior traders like Wu Peng and Cao Wenxun in the trading room think this is a major benefit, and it is better than the previous rescue effect, not to mention Wang Ruoyu and Liu Tingting.

To be honest, they have had enough of the recent days where thousands of shares have a daily limit and a thousand shares have a daily limit. It really makes people very nervous. Fast limit down.

The two-and-a-half-month transaction was more difficult than the previous transaction of more than a year, and one must always keep an eye on the market without any slack.

Gu Junhao didn't explain anything to the market and even traders who thought it was a major benefit, but just laughed it off; now you say that a circuit breaker will lead to a sharp drop, which is also unbelievable.

After all, everything needs to be verified and presented in front of you.

But since the market thinks this is a major benefit, it can be confirmed that this is already near the lowest position in the second half of 2015, and all that remains is to rebuild the positions that need to be built.

Sometimes, it can be good when the market needs it. As for the specific results, it is not so important before it is officially launched.

This is the same as hot money and short-term speculation by retail investors. No matter how bad the company is, how rubbish the performance is, and the directors, supervisors and senior managers continue to reduce their holdings, as long as the market recognizes you, the stock price can rise.

It doesn't matter whether you have it or not. If the market capital recognizes that you have it, then you have it. Naturally, Gu Junhao will not go against the market.

As for the specific positions that need to be built, in addition to the fact that Tellus has started to build positions, Gu Junhao also plans to bring Tong Huashun back again to make Junshi No. [-]'s positions more balanced.

Tong Huashun has not delisted from the market. Gu Junhao is clear about this. The current sharp drop can be said to be a super big bottom for Gu Junhao. Once the stock price officially stops falling, Gu Junhao will start building positions with all his strength.

In terms of positions, Maotai will further reduce its positions. The current market value of more than 7 million yuan still seems a bit large. Today, Maotai is not as stable as Gu Junhao imagined, and the stock price also fluctuates greatly.

In the process of building the bottom of the market, the previous two rounds of bailouts have been involved. Now, taking advantage of certain profits, it is not against the principle to reduce a certain number of heavyweight stocks.

After all, based on the price of Gu Junhao's first and second purchases, the first two purchases have not yet realized profits, and the reduction of holdings is only considered from the perspective of positions.

However, if Vanke A can fall below the price of 13 yuan again, Gu Junhao doesn't mind increasing his position again just like Maotai Liquor was trapped to increase his position before.

What's more, Longji shares and Tianqi Liye in the personal account and Junshi's self-operated market have not moved. After buying, they didn't even do T. Performance needs to be explained to investors.

On September 9, the Shanghai and Shenzhen stock markets responded with a sharp rise to the circuit breaker mechanism and pension plan announced yesterday.

The stock price of Tellus officially rebounded today. After hitting the lowest price of 18.51 yuan, the stock price began to rebound rapidly in the afternoon, and finally closed at 21.20 yuan, achieving the daily limit with an amplitude of 13.96%.

Yesterday’s heavy-volume lower limit, today’s heavy-volume daily limit closed yesterday’s big negative line, and the short-term trend of stock price bottoming out is obvious. I believe that with the gradual stabilization of Shanghai and Shenzhen, Tellus’s stock price will not be far away for the second time.

On September 9, the two cities continued yesterday’s rebound. Tellus’ stock price rose again by 9%, and the stock price was reported at 5 yuan. In the three trading days, it started from 22.26 yuan and reached the lowest price of 19.27 yuan until today’s close.

Junshi No. [-] Fund has also officially completed the task of building a position in Tellus. This time, due to the enlarged trading volume, it is much easier than the first time.

It took a week to complete the construction of 1 million yuan last time, but this time three trading days are enough.

With an average transaction price of 20 yuan, 5 hands of chips, and a market value of 1 million yuan to open a position, Wu Peng has completed the task very well, and the rest is waiting for his second bottoming out.

On the evening of the 9th, according to the requirements of the regulatory authorities, the 10 brokerages with stock allocations of less than 18 billion yuan must clear all the funds before September 9, that is, this Friday. This is the first stock allocation Cleanup plan.

Regardless of the stock market crash, the management has always insisted on cleaning up the funds, which is of course a good thing; and this kind of batch cleaning will have a relatively small impact on the market.

If it had been announced earlier, investors might not have reacted so violently, which would have triggered a stock market crash; however, the market has no ifs.

Affected by this news, the Shanghai and Shenzhen stock markets, which rebounded for two consecutive trading days, ushered in a sluggish trend on the 9th, but they no longer had the same sharp drop as before, and the overall performance of the two markets was fairly stable.

The 18 brokerages, if calculated on the basis of a maximum capital of 10 billion, would be 180 billion. This amount of capital is not too large, enough for market news, but the trend of the Shanghai and Shenzhen stock markets should not be too good in the next few trading days.

Especially for Tong Huashun, this can be regarded as a second bottom-building process. Tong Huashun, which has been filed due to the funding issue, has not yet escaped the risk of delisting. The management's behavior of cleaning up the allocation of funds will definitely affect Tong Huashun's position holders. nerve.

On the 10th and 11th, Tong Huashun closed in the negative for two consecutive trading days, and the K-line trend was again biased towards the bearish direction.

Affected by the trend of the two cities, the share price of Tellus also closed a 10% drop on the 4.99th, and the stock price was reported at 21.15 yuan. On the 11th, its performance was also average, ending this week's trading at a price of 21.31 yuan, up 0.8% within the day.

Although the trend is average, this 0.8% increase can be regarded as pushing Tellus shares above the [-]-day line, and it still maintains a rebound trend. This is a good thing for a demon stock.

The performance of large-cap stocks in the last two trading days of this week was average, while theme stocks were relatively active. Among them, the concept of state-owned assets reform in Shanghai Stock Exchange was very active. This may also be one of the reasons why Tellus, which also has the concept of state-owned assets reform, stopped falling.

After the end of this week, Vanke A and Maotai both fell slightly. Vanke A closed at 13.47 yuan, and Maotai closed at 192.91 yuan. It has been more than two consecutive weeks, and Maotai has failed to effectively break through the 200 yuan price.

Whether it is from the popularity of funds or the trend of stock prices, it is a relatively weak stock, and it is estimated that it will have to be around the price of 200 yuan for a long time.

On September 9, the overall size of Junshi No. 11 fell to 32.0824 billion yuan, and the net value ratio of the fund was 6.4165. Compared with the withdrawal of 1319 million yuan at the end of August, it remained within a controllable range overall.

(End of this chapter)