The Road to Rebirth Finance

Chapter 362 "Full Warehouse Locked Up" (6K, [-] in [-])

Monday, January 1th Today is the sixteenth day of the twelfth lunar month, and Gu Junhao will celebrate his 25th birthday in ten days.

Born in a welfare home, without any social background, relying on the tens of thousands of yuan he saved from working in a factory to enter the market, he became worth billions in less than three years.

Regardless of the principal of entering the market, as well as the sources of funds and operations of retail investors and private equity fund managers, all of Gu Junhao's funds are traceable, and there is no trace of violations.

This level of cleanliness is almost transparent, which really amazed the local regulators. Junshi Capital had two regulatory cases before, and one was a door-to-door inspection after being reported.

In addition to the accident of Boss Xu, Gu Junhao, who managed to escape from the stock market crash, including the source of funds and whether his operations violated the rules, was not unchecked.

But all the results show that this young man has no problems. In addition, Gu Junhao not only used his company and his own funds to actively rescue the market.

Moreover, he also actively exerted his appeal on personal social media, which made the local relevant people have a better impression of Gu Junhao.

With the way of operating everything under the sun and a positive spirit, the regulators naturally welcome this kind of talented trader.

For retail investors and private equity, regulators are not afraid of some people earning excess wealth, as long as it does not affect specific interests.

On the contrary, this kind of star-like figure is actually a benefit to the market.

A-shares are a trading market with retail investors as the main body. With such a star figure, being able to gather a certain amount of popularity and funds is beneficial to the liquidity of A-shares.

For example, when Kunkun and Lanlan were at their hottest in the previous life, how many ordinary investors were attracted to participate in the A-share market transactions by purchasing funds.

If the fund manager can maintain a stable income, it will definitely be a great blessing for the A-share market, but more often it backfires.

Today, A-shares showed a net outflow of funds throughout the day, with the outflow amounting to 163 billion yuan. On the trading disk, steel, coal and other individual stock sectors under the concept of supply side are still maintaining the index.

The outflow of funds is mainly concentrated in financial sectors such as securities companies and banks. A bear market has already formed. For some large funds, it seems a bit irrational to hold large positions in securities companies and other sectors.

Uneven, there is also a part of the reduction of holdings by the national team, and the theme of short-term hype is mainly concentrated on virtual reality. Affected by the successful second round of financing of Baofeng Mojing, the hype sentiment of the overall sector is high today.

For nine consecutive trading days, the Shanghai Composite Index has not been able to stand firm at 3000 points. The weakness is beyond everyone's imagination. The trading volume on January 1 hit a new low again, with only 25 billion yuan in the whole day.

The Shanghai Composite Index, which rose immeasurably and rebounded weakly, finally ushered in the most fatal blow. Affected by the continued weakening of the external market overnight and the continuous plunge of crude oil, the Shanghai Composite Index gapped down to 2907.72 points in early trading, a drop of more than 1%.

Generally speaking, the real bottom of a stock and the market index does not have a certain price or a certain day.

For example, a certain price of a stock is considered by the market to be the bottom, and then it did rebound at this price for a few days, but it was followed by a continuous correction to create a new low price, which cannot be counted as a bottom rebound.

The real bottom rebound should be that even if it is the second bottom, it will not break through the previous low, and there will be a long period of growth. As far as individual stocks are concerned, the growth rate should be at least 30%, and some strong stocks can even double their income. This is called a bottom bounce.

Correspondingly, the same is true for the top position. In order to fully escape the large funds in the market, there will generally be a second process of building the top. Symbolic bounce-shipping phase.

If today’s downward gap cannot be recovered quickly, it is clear that the 2844 point of the index last Monday is not the real bottom position today, and the Shanghai Composite Index will definitely find a new bottom position.

After the start of trading at 9:30, the Shanghai Composite Index quickly fell below 2900 points. After an hour and a half of struggling at a low level, the Shanghai Composite Index, which had been unable to collect red for a long time, began to accelerate in the last few minutes before the noon close. Diving signs.

At noon, the Shanghai Composite Index closed at 2867.20 points, and the decline expanded to 2.43%. In the afternoon, the Shanghai Composite Index began to accelerate its dive.

At 1:40 p.m., Gu Junhao also received a call from Liu Tingting from the trading room. The stock price of Longji shares was approaching around 11 yuan!

In fact, Gu Junhao is also watching the market at this moment. Since he glanced at the market this morning, when he saw the Shanghai Composite Index jumping down, Gu Junhao had a premonition that a real market drop was coming.

In the morning, the trends of all major sectors were very sluggish, and there were very few stocks that could turn red in the Shanghai and Shenzhen stock markets. Under this sentiment, the trend of Longji shares was definitely not much better.

As of 13:50 p.m., the price of Longji shares closed at 11.32 yuan, a drop of 6.52%. At this time, the Shanghai Composite Index has officially fallen below the previous low of 2844 points.

"The opportunity to buy the bottom is coming soon, haha." Gu Junhao stared at the trend chart and couldn't help laughing.

Today, for the index and a group of stocks with a similar trend to the index, the bottoming is just the beginning, and there is no need to rush to find the bottom, not to mention that this time Gu Junhao only plans to buy chips of about 3000 million yuan.

At two o'clock in the afternoon, as the index broke again, the Shanghai and Shenzhen stock markets began to see continuous heavy-volume sell-offs, and the volume of Longji shares has also increased significantly since this time period.

The decline of Longji shares quickly expanded to more than 7%. At 14:20, the Shanghai Composite Index fell below 2800 points to 2799.18 points.

Longji shares fell to 11.04 yuan, and the stock price fell by 9.69%, approaching the limit. There have been more than 1000 stocks in the two cities.

Another [-]-share price limit, the room for adjustment of Longji shares that Gu Junhao expected, has been initially achieved in just one trading day.

In the following 40 minutes, there was a panic-like market trend, and the trading volume was once again enlarged compared with the accelerated dive. As of the close, the Shanghai Composite Index closed at 2749.49 points, a bald head and bare feet Yinxian, a drop of 6.42%.

The GEM index fell 7.63%, broke through 2000 points, and reported at 1994.05 points. Although it did not set a new low, it was only one step away. There were less than 10 stocks in the two cities with daily limit, most of which were newly listed. New shares.

There are more than 1000 individual stocks with a lower limit, and many of them are still blocked across the board, another stock market crash without warning.

After the bleak second half of 2015 and several stock market crashes since the beginning of this year, investors are destined to have a difficult Chinese New Year this year.

Longji's share price closed at 11.16 yuan, down 7.84%. Longji, which was close to the limit several times in late trading, also had a lot of funds trying to buy the bottom, which also led to a certain recovery in Longji's stock price.

Longji shares are close at hand to fill the gap when the daily limit jumped the next day to start the market on October 10 last year.

Compared with yesterday, the trading volume of the Shanghai Composite Index has increased by more than 600 billion yuan, most of which can be released within the last hour of late trading.

The panic-stricken market was once again interpreted to the extreme within this hour. After the market, the market sentiment was extremely pessimistic. Some investors even believed that the Shanghai Composite Index would fall to around 2000 points again.

If it is said that last Monday, when the Shanghai Composite Index fell below 2850 points, everyone was still a little psychologically prepared and was still trying to buy the bottom, then today's new low again seems a bit caught off guard.

The market trend fluctuated between 2850 points and 3000 points for a week, and finally the whole week index ended positively.

Investors who want to buy bottoms have basically been close to buying their desired positions last week or have increased their positions in the stocks they are trapped in.

As for investors with small funds, some of them were already in a state of full positions at around 2900 points last week. Today's sharp drop, even if they want to buy bottoms, they have lost their principal.

And some investors who were trapped, when they saw the index and individual stocks rebound last week, gradually had the expectation of a rebound and unwinding.

However, this kind of expectation has once again transformed into fear of the market amidst the panic-sell market at the end of today and the trend of individual stocks falling again.

Some investors will choose to cut out today, and for investors who still have a glimmer of hope, it only takes a big drop to break through their psychological defense again.

On January 1, Wednesday, the Shanghai Composite Index opened slightly higher, at 27 points. After the start of trading, the Shanghai and Shenzhen stock market indexes that opened higher did not rebound, and the market trend of opening high and moving low was still the same.

Just 1 minute later, the Shanghai Composite Index turned green again, and the index hit a new low again. Gu Junhao was staring at the market trend in the office, and at the same time staring at the time-sharing trend chart of Longji shares.

Today, Gu Junhao is ready to start buying bottoms. Judging from the trend that the daily limit of Longji shares was pulled up several times in late trading yesterday, there are signs that some funds are trying to buy bottoms in Longji shares.

At 9:35, the share price of Longji shares was reported at 10.78 yuan, a real-time drop of 3.41%. In the past few minutes, Longji shares were still dominated by outflows, and sell orders of more than a thousand lots continued to appear.

However, in terms of buying volume, Longji performed quite well. The volume of middle orders with more than [-] hands is not necessarily much less than that of thousands of sell orders. Although the funds are in a state of outflow, the performance compared with the end of yesterday is better.

There is an obvious trend of large orders smashing orders, medium orders buying, and capital building positions. However, judging from the current trend, the stock price will still fall.

Obviously, the panic that the main funds hope that the market will open high and go low will continue to spread. In terms of the trend of individual stocks, today's strategy is likely to be based on scaring out retail investors.

At 9:50, Longji shares briefly rebounded below the price of 11 yuan, and then continued to drop as expected. A sell order of 3930 lots dropped the share price of Longji shares to 10.50 yuan, a drop of nearly 6%.

Just over 400 million yuan can cause panic in the market. At 10 o'clock, Longji shares were quoted at 10.30 yuan, and the stock price fell by 7.71%.

"Damn, Brother T's stocks can't stand this year's broken market." At this moment, Li Ze stared at the trend of Longji shares on the APP and cursed angrily.

According to the cost he bought at the beginning, his 500 holding position has been covered by 16.5% at this time, and the loss has exceeded 8.5 yuan. However, Li Ze dare not increase the position at this time. Looking at this posture, it seems that he is rushing to the limit today. And the way to go.

上证指数于10点08分跌破2700点位整数关口，报2693.92点位，日内跌幅达2.03%。

Whenever the Shanghai Composite Index falls by more than 2%, it can be regarded as a sharp drop within the day, but since the stock market crash in 2015, the adjustment of the Shanghai Composite Index can only be regarded as a daily decline.

The frequent occurrence of more than 5%, more than 7%, and even the trend of the index almost falling across the board has made investors tend to be numb to the sense of falling by nearly 2%.

To put it simply, the market has fallen to numbness. Maybe everyone feels okay about the 2% drop?It's just an extra limit down.

At this time, the stock price of Longji shares has reached 10.17 yuan, which is less than 1.2% away from the price limit. Today, the price limit of Longji shares is 10.04 yuan, and currently there is only a gap of 0.13 yuan.

At this moment, Gu Junhao has started to buy continuously, most of the buy orders of more than 500 lots and less than 1000 lots that come out on the market from time to time are Gu Junhao's actions.

In early trading, the stock price of Longji shares touched the lowest price of 10.15 yuan and then began to rise slowly. The stock price remained at a low level between 10.40 yuan and 10.15 yuan.

The index has been oscillating around the 2700 point. The overall fluctuation is not very large, showing a weak state. The entire market seems to be selling whether it is institutions, hot money or retail investors.

At the end of the afternoon, Gu Junhao updated his personal social media account on a rare whim, and only sent a performance package, but it meant a lot.

This emoticon pack is a cartoon image of a child wearing a cute hat, the top of the head is green, but [-] to [-]% of the lower body is red.

Also under the image of the characters, there are two lines of characters "be careful to step into the air (man cang tao lao)"

In addition, there is no written information. Under the situation that the whole market is bearish, as the actual manager of a well-known private equity fund, Gu Junhao, who has the attributes of an Internet celebrity, sends out such a news, which is really meaningful. profound.

"Brother T, what does this mean? Are you stuck too? I saw that Longji's shares have fallen into shit."

"Haha, how long has Brother T not updated his news, does Brother T still believe in value investing?"

"Brother T, how is the performance of the fund recently? Why don't you announce it? Have you been keeping short positions for fear of people talking about it?"

"Brother T has changed, is he also bearish on the market now?"

And Li Ze, who is Gu Junhao's number one fan, naturally saw this post for the first time. Li Ze set a message reminder on Gu Junhao's personal account.

"Brother T, what do you mean by this? Be careful not to run out of space? Hold your warehouse full?" Li Ze sent the dynamic screenshot posted by Gu Junhao to the group and asked everyone.

But I didn't get any eager response. Since the New Year, everyone has fallen to numbness. In addition, the Lunar New Year is coming soon, and there are fewer and fewer people chatting in the group, and there are even fewer people talking about stock prices.

Except for some people who are deeply locked up and reluctant to part, most of them have already sold their meat and cleared their positions. Even on trading days, they spend more time driving than talking about stocks.

"What do you mean, you don't see green on your head, it means Brother T is not optimistic about the market either."

Finally, someone responded to Li Ze's words, but obviously this interpretation did not satisfy Li Ze. From Li Ze's analysis, this was obviously a signal of bottom-buying.

Obviously the top is green, but [-]% to [-]% of the color is red. In addition, it means that the stock is fully locked up.

Afterwards, Li Ze thought for a while calmly. Since New Year's Day, after rounds of declines, the old brothers in the group have become less and less enthusiastic about stocks, and almost all of them are in a state of being bearish on the trend of A shares this year. .

Li Ze thought of the most frequently mentioned sentence on the Internet: "When retail investors no longer talk about stocks or even pay attention to their accounts, it means that the bottom has basically arrived."

Sometimes, the reaction of leeks is that under the market's reverse indicators, when a certain stock or a certain sector is followed by a large number of leeks, its trend is basically close to the top.

And when the entire market is talking about a certain sector with no bottom, and the basic media and institutions start to collectively sing empty words, the time to buy may have arrived.

"If that's the case, then give him a vote this afternoon! The words of the leeks are not as accurate as Brother T, so keep trusting Brother T." Li Ze thought to himself.

Originally, Li Ze didn't plan to increase his investment in bottom-hunting today. The previous 60 yuan was already his final capital investment in the stock market.

Now I feel a little regretful that the stock price of Longji shares is above 14 yuan and I didn't sell part of it, otherwise I don't need to increase the principal even if it falls to buy the bottom now.

At the close of trading at noon, the share price of Longji shares was at the lowest in the morning of 10.13 yuan, down 0.23%, and it was less than 0.09 yuan away from the lower limit.

In the afternoon, I don't know if there will be a rebound. Anyway, the distance is less than 1 cents, and Li Ze doesn't bother to care about it. This time, Li Ze plans to buy another 400 lots, which will be calculated based on the closing price at noon.

A total of 900 positions are held, and the investment capital is about 100 million yuan. If the follow-up rebounds to above 12 yuan, the 400 positions will be sold to reduce the cost of holding positions.

Therefore, Li Ze transferred 41 yuan from the bank card to the securities account, placed a 10.14-lot buy order at the price of 400 yuan, and waited for the opening in the afternoon.

In the afternoon, the Shanghai Composite Index fell sharply as soon as the market opened. The index dropped sharply from around 2687 points at the midday close to around 2638 points, with a drop of nearly 2%, causing panic in the market.

As soon as the market opened, Longji Co., Ltd. also had more than 9000 sell orders, and the selling amount exceeded 1000 million yuan.

Within tens of seconds, the tens of millions of sell orders, the already weak Longji share price did not go straight to the limit, this tens of millions of buy orders were firmly caught, and the share price of Longji only fell to 10.11 Yuan, and then began to stabilize again.

"Pancically crashing, the stock price has not closed the limit, but it has always remained near the limit. This is to lure the short." Gu Junhao said with a smile while placing an order to buy.

If the lower limit is really sealed, retail investors will have no scruples, and maybe the courageous dare to go directly to the lower limit to give it a try. After all, it is only now that the market has just opened in the afternoon. It may be earned.

And when the lower limit is really sealed, retail investors who want to sell will also lie flat. Not many retail investors will cut their meat on the lower limit, after all, the lower limit has already been reached.

On the contrary, it is this kind of fear of approaching the limit that can make people sell their meat in fear, and the main funds can be said to be in place for the psychology of retail investors.

The performance of the broader market is exactly the same. The sudden panic sell-off in the afternoon was also to make retail investors surrender their chips; in less than 5 minutes, the Shanghai Composite Index hit the lowest point of 2638.30 points and was quickly pulled up.

The stock price of Longji shares also began to rise slowly, and at 13:15, the stock price was reported at 10.32 yuan, and the decline narrowed to 7.53%.

At this time, Li Ze's 400 lots of buying have also been successfully traded, and the average transaction price is still 10.13 yuan. After buying twice, Li Ze now has a total of 900 lots of Longji shares in his hand, and the cost of holding positions has dropped to 11.16 yuan, which is just right. It is today's flat price.

Gu Junhao, on the other hand, continued to buy. In the afternoon, except for a sale order of tens of millions when the market just opened, Longji shares remained below 2000 lots for the rest of the time.

On the contrary, the buying orders began to get bigger and bigger. At 14:10, there were even more than 3500 large buying orders on the trading market.

"Maybe the guy who sold at the opening in the afternoon bought it again, haha." Gu Junhao thought a little funny.

For the main players in the field, it is not necessary to make a profit every time they do T. Sometimes buying high and selling low is also a strategy.

From the opening in the afternoon to 14:15, the stock price of Longji shares has been fluctuating around the drop of 7.5% to the limit price, and has been constantly washing.

At 14:15, the Shanghai Composite Index rebounded slightly within the day, and Longji shares also rebounded. By 14:30, Longji shares rebounded to a price of 10.65 yuan.

However, the rebound of the Shanghai Composite Index after 14:[-] was driven by the oil sector. Although the rise of PetroChina brought a short-term rebound to the index, it also caused panic in the market.

After 14:30, PetroChina was unable to support itself, and the Shanghai Composite Index also began to plunge again. The stock price of Longji shares began to fall step by step, and finally closed at 10.26 yuan, a drop of 8.06% throughout the day. The trading volume continued to increase compared with yesterday. A total of 4.3 million yuan was traded.

By the close, Li Ze's loss was exactly 8.06%, while the Shanghai Composite Index finally closed at 2655.66 points, down 2.92% throughout the day.

The Shenzhen Component Index fell 3.61%. The index closed at 9082.59 points. Chengzhi has been cut in half.

The ChiNext Index reported at 1906.46 points, down 4.56%, which is even more excessive than that of the Shenzhen Component Index.

Compared with the peak period, the total trading volume of the two cities today is only half a day's trading volume of the Shanghai Composite Index.

Gu Junhao bought 10.28 Longji shares at an average price of around 3 yuan today, spending a total of about 3090 million yuan to increase his Dragon base holdings to 33 lots.

The cost of holding positions has also increased from 9.50 yuan to 9.57 yuan. There is still some room for profit, and the shareholding ratio has also increased from the previous 1.4% to 1.54%.

Of course, this is Gu Junhao's own calculation. I don't know if it is accurate. If the national team does not reduce its position and most other situations remain unchanged, Gu Junhao is still the sixth largest tradable shareholder of Longji.

If the national team reduces its position, it will be hard to say.The details will not be officially known until the annual report of Longji shares.

　I wish you all a healthy Dragon Boat Festival!

　　
　
(End of this chapter)