The Road to Rebirth Finance

Chapter 343 The Incomprehensible Net Worth Curve

After November 11, the stock price of Vanke A entered a state of consolidation, oscillating repeatedly around the position of the positive line on the 18th, and the trading volume also returned to normal levels.

However, judging from its trend, it is difficult for the stock price to fall below the price of 14 yuan. With the fierce competition for equity, the big players holding chips in the market are already in a state of reluctance to sell, and no one will sell on a large scale at this time.

In terms of external disk, the minutes of the Fed meeting showed that almost all members of the central bank believed that December of this year is suitable for raising interest rates, and the expectation of raising interest rates in December is very strong.

As for A-shares, the data show that as of November 11, with the rebound in the past two months, the financing balance of the Shanghai and Shenzhen stock markets reached 17 trillion yuan, approaching the 1.19 trillion yuan mark again.

The recovery of the market in the past two months has also been accompanied by the recovery of the two financial institutions. At present, the liquidation of the allocation of funds has gradually shifted from the off-site to the on-site.

The other is the restart of the IPO. The IPO has been suspended since the stock market crash. The management will restart the IPO fundraising next week after seeing that the market is gradually improving.

The suspension of IPOs is still relatively beneficial to the market at present. The suspension of IPOs when the stock market is not good or the stock market crashes will no longer be seen in future generations.

With the official implementation of the registration system in later generations, no matter what the market trend is, 10 new stocks that cannot be shaken every week have become the norm.

With the issuance of more and more new shares, the number of individual stocks in the two markets has exploded, and the number of delisted stocks is far behind the number of issued individual stocks. The operating system for stock trading will also be optimized again.

The continuous increase in the number of new stocks has also led to the end of the era of brainless bottom-hunting. After some stocks are listed, with the withdrawal of new funds and poor performance of individual stocks, they will surely stay away from the public's attention and fall step by step.

For some stocks that no one cares about and no funds to pay attention to, bottom-hunting behavior on the left may become a bottomless pit, and investors need to change their operating modes in a timely manner.

For stock investment and trading behavior, investors must have their own systematic model, but they must also adjust it in time according to market changes. If the original profitable model suddenly fails, then you have to stop and think about it. Does it need to be changed.

Recently, the Shanghai Composite Index has been unable to break through, and it has nothing to do with the restart of the IPO. The management is still a little impatient. Investors have finally regained a little confidence. In such a fragile market environment, every policy variable may change the market environment. .

In this way, the time came to November 11, which was another Thursday. The Shanghai Composite Index surged and fell back on that day. The index did not break through the previous high of 26. It dived to close at 3670 points in late trading, and the daily closed down 3636.55 %.

After the GEM index refreshed the highest point since this round of rebound at 2915.95 points throughout the day, it fell directly from the opening of the market, falling 2.22% within a day, and the index returned to 2833.20 points.

Tomorrow will be the first purchase after the resumption of this round of IPO. Judging from today's market situation, there is a lot of game funds in the market, and they are pessimistic about the issuance of new shares, and the willingness to flee funds is more obvious.

Friday, November 11th, the penultimate trading day in November, the Minor Cold Festival among the 27 solar terms has passed, and today is the 11th day of the winter month, and the weather is getting colder and colder.

Last Friday, Zhang Yiru celebrated her second zodiac year birthday, and in just over a month, Gu Junhao will also celebrate her 24th birthday, and the time passed in the blink of an eye.

The weather is getting colder and colder, but today's trading in Shanghai and Shenzhen stock markets is as biting as the winter wind. The early call auction ended, and the Shanghai and Shenzhen stock markets both gapped down and opened low. more than 3616.54 points.

"The high position jumped down, today's trend is cold." As soon as the call auction came out, Gu Junhao couldn't help but sigh.

"Yeah, I really don't have any chance today." Cao Wenxun couldn't help sighing.

As a professional trader, although there is no short-term trading like hot money, he still attaches great importance to call auctions. The call auction starts at 9:15 every day, and professional traders like Cao Wenxun and Wu Peng will start to enter the state.

At 9:15, observe the unmatched amount of the bidding, observe the stocks with large orders overnight, and confirm the main line sector that the main funds or hot funds want to launch that day.

After 9:20, sort by the increase list, observe the direction of the sector where the long funds are mainly attacking that day, and look for opportunities; then sort by the decline list, observe the direction of the sector where the short funds mainly flee that day, and identify specific risks.

At 9:25, sort by the transaction amount, look at the performance of Paimen stocks during the bidding period, and see if the price volume exceeds expectations, so as to grasp the short-term sentiment of the day.

After 9:25, click on the sector index to see which sector indexes are opening significantly higher, and whether the main funds are likely to activate this sector as the main direction of the day.

After this series of processes, the workload during the call auction period is still very full. This is a professional habit. Although it is impossible to prepare every time, we still have some understanding of the general market trend.

During the call auction in early trading today, the long-term sentiment was very low. On the contrary, the sentiment of capital flight increased significantly, and the performance of major sectors, especially heavyweight stocks, was very sluggish.

Recently, the weight sector has almost no general performance, and the index’s redemption from time to time is just a late-day sneak attack by brokers to drive the index. Relying on the east wind of IPO restart, brokers have recently become an important tool to maintain the index.

"Just look at the performance of the index and the major sector indexes. There is a high probability that it will be cold today; hey, I am still too anxious."

"Yeah, it's too frustrating to rush to an IPO before the market sentiment has fully recovered. Besides, there are still so many financing rounds, and another stock market crash will be terrible."

"If the stock market crashes, it shouldn't be so. A major adjustment cannot be avoided. Today we also focus on defense. Before the New Year, let's be more secure."

"Ok."

After the official trading began, the three major indexes and individual stocks in major sectors continued to decline. Within 20 minutes of the opening, the Shanghai stock index fell by more than 1%, and the GEM index fell below 2800 points. There was no sign of any rebound in the two cities.

At this time, there is still an opportunity for short-term funds to flee, and as the transaction progressed, the Shanghai and Shenzhen stock markets began to accelerate their decline after 11:3600.

In the afternoon trading, the three major indexes fell further. The already fragile market ecology was vividly reflected today. Funds were frantically fleeing. At 01:30 in the afternoon, the Shanghai and Shenzhen fell by 3.2%.

"The adjustment is a bit too sharp. It really feels like a stock market crash." Gu Junhao smiled and looked at the board.

"It can't be done. There is no need to operate it at this time. This is the only way to do it today." Wu Peng also stopped and smiled at this time.

The market adjustment has exceeded expectations. The best way in the market should not be to buy bottoms, but to stop trading and wait for opportunities. Even if you really want to buy bottoms, it is best to wait until the end of the trading period, when individual stocks have certain expectations before intervening.

At two o'clock in the afternoon, the Shanghai Composite Index was close to falling below 3500 points, and the further expansion of the decline triggered a chain reaction. The index, which had supported around 3500 points for less than 5 minutes, dived again.

As of 14:15, the Shanghai Stock Exchange Index was at 3446.77 points, with an intraday drop of 5.19%, and the ChiNext Index also fell by more than 5%.

There was no miracle, and there was no rebound. The subsequent slight rebound of the Shanghai Composite Index did not even want to touch the 3500 point, and the rebound only stopped around the 3480 point.

Half an hour later, the Shanghai and Shenzhen stock markets dived further. The Shanghai Composite Index once fell more than 6% in intraday trading, and the ChiNext Index once fell by more than 7%. Finally, today the Shanghai Composite Index closed at 3436.30 points, an intraday drop of as much as 5.48%.

创业板指数收报2649.55点位，日内跌幅高达6.48%，上证指数连破3600点位与3500点位，三大指数日内跌幅均刷新了8月26日以来的最大跌幅。

A stock market crash-like decline brought the hard-won market sentiment to a freezing point again, and this sentiment lasted until the afternoon of November 11, the last trading day of this month.

The Shanghai Composite Index fell to 3327.81 points in the lowest day, and the ChiNext Index approached 2500 points, and the lowest reported 2507.38 points. In just two and a half trading days, the index fell by more than 300 points.

It’s not a stock market crash, but it’s better than a stock market crash. Although after 13:30 p.m., with the national team’s move again, the Shanghai and Shenzhen stock markets reversed in a V shape, after all, only those stocks that the national team can pull up are those fixed parts .

Most of the stocks in the two markets have once again refreshed their recent lows during the three-day sell-off, and the profits of a month or even this round of rebound have been wiped out in these three days.

For the whole month, the Shanghai Composite Index rose by 1.86%, and the ChiNext Index rose by 7.84%, but it was still a month of earning the index but not making money. Wuliangye fell twice in the last few trading days of this month as the market plummeted to the bottom of the monthly line on the 10th line .

Throughout the month, Wuliangye closed down 6.61%, and its stock price was reported at 24.03 yuan, which can be said to have solidly made up for the decline during the suspension period. Maotai rose slightly this month by 0.21%, and its stock price was fixed at 214.31 yuan.

On the last trading day of this month, Vanke A once again unexpectedly increased its volume, with a turnover of more than 30 billion yuan. It rose by 5.68% in one day and 10.24% in the whole month. The stock price has risen to 15.07 yuan.

The performance of Vanke today is very obviously another buy-in by a party competing for equity. The specific party is temporarily uncertain, and we can only wait for Vanke's announcement at that time.

As for the performance of Junshi No. 60 this month, the market is a little confused. After raising a large amount of funds, Junshi No. [-], whose overall size has reached [-] billion yuan, has almost no net worth compared to its total size this month. any changes.

At the end of the whole month, the net worth of Junshi No. 4.2998 has only risen to 60.07, and the overall size is only less than 60 billion yuan. As far as the scale of 0.1 billion yuan is concerned, the fluctuation in half a month is only [-]%.

Newly subscribed investors couldn't understand the performance of Junshi No. [-], retail investors also didn't understand how Gu Junhao controlled the volatility so small, and some colleagues guessed that Gu Junhao might not have opened a position yet.

But this kind of behavior is even more incomprehensible. If you are not in a hurry to build a position, why do you have to raise so much money?Could it be that Gu Junhao has already started to lie flat?

(End of this chapter)