The Road to Rebirth Finance

Chapter 404 Position Rotation

Before you know it, the first half of 2016 is about to pass.

The Shanghai Composite Index fell from above 3500 points in January to around 2900 points today, a drop of more than 600 points.

The stock market and investment experience in the past six months are unforgettable for investors.

Most investors have the same thought in their hearts, that is: "If you can, give me back the capital!"

It is really that the market in the first half of this year is terrible, and there is a comparison with the bull market in the first half of last year. Such a contrast makes it even more difficult for investors who are still in the stock market to accept.

In the last two trading days of June, the index remained calm and fluctuated above 2900 points, and the fluctuations in both trading days were less than 1%.

But fortunately, the Shanghai Composite Index finally stood on the 60-day line of the daily line again at the end of the month, and continued to stand firm on the 0.45-day line of the monthly line with an increase of 5% throughout the month.

For five months, it is still in the process of repairing the big Yinxian trend in January. Although there is no obvious improvement, the overall market is still in an upward trend.

In the past two trading days, Wan Ke, who was facing each other with swords, continued to flow out of news, and the people who ended up getting more and more important.

With the statements of the heavyweights, the situation has also turned around. The Vanke management, which was in a very unfavorable situation, suddenly turned from bad to good after receiving support.

The sudden change in the situation forced Baoneng and the original largest shareholder to bow their heads.

On June 6, the Baoneng Department changed its attitude, saying that it always had expectations for Vanke's current management.

The original largest shareholder also followed closely and made it clear that he objected to the motion to remove all directors and supervisors of Vanke.

The two parties will hold another board meeting tomorrow, July 7st, to discuss Baoneng's proposal to remove all board members.

In fact, judging from the statements of both parties today, the proposal has already been softened first, and this proposal is bound to be aborted.

As the market closes, Gu Junhao, who has been in the trading room for two days, said to Liu Tingting, "Calculate the statistics and release them on time. I'm not here this month. Thank you for your hard work."

"Okay, no problem, but are we still updating the positions at the end of the month the same as last month? By the last day?"

Another quarter has passed, and the fund holdings in the second quarter must be announced. Unlike the first quarter, the holdings of Junshi Investment in this quarter are the investment plans for the next few years.

Facing Liu Tingting's question, Gu Junhao smiled and said, "Well, it's still the last day, keep a little bit of mystery."

In any case, there is no mandatory disclosure requirement for Junshishi Investment, and the holdings of each quarter in the future will be arranged on the last deadline.

This month is still the world of liquor stocks, and the two top stocks Maotai and Wuliangye are the first to go out of the trend of bull stocks.

Maotai has reached five consecutive positive monthly levels. As of the last trading day in June, Maotai was quoted at 291.92 yuan, a monthly increase of 10.38%, and the stock price was approaching the 300 yuan mark.

And Wuliangye also went out of the trend of Wulianyang on the monthly line, and its stock price was reported at 32.53 yuan, a monthly increase of 8.33%.

The rest of the liquor stocks, especially the first-tier and second-tier brands, are also very bright this month, and the overall liquor sector has risen by 8.53%.

In addition, blue-chip stocks of household appliances also performed well. Midea, which was ex-rights last month, rose by 11.10% this month, while Gree is still suspended.

Overall, although the index did not rise much in June, and even plummeted once, the market is still in the big blue chips and white horse stocks.

Among them, the rise of general consumption concepts such as liquor and household appliances is the best. The rise in consumption brought about by economic recovery is gradually reflected in the stock market.

June this year is a busy season. Apart from the stock market, there are many things worth paying attention to. The domestic college entrance examination affects the hearts of countless families.

There is also the 618 Shopping Festival, which is as popular as Double Eleven, and it is also very popular.

In the international arena, there is Apple's developer conference in the consumer field, and this year's European Cup also opened this month.

Which country will play Euro 2016?Like Portugal?Remember that Ronaldo seemed to shine this year?

I don't know if I can travel back to watch another game?
After thinking wildly in the trading room, Gu Junhao left first, and Junshi No. [-] also went to have a look, wondering how Wang Ruoyu was doing with building a position this month.

At the beginning of the month, Wang Ruoyu asked Wang Ruoyu to pay attention to the cement sector. After that, Wang Ruoyu selected a few stocks, and it turned out that there was no Shuangma Group.

When they came to the No. [-] trading room, Xu Jianqing, Wang Ruoyu and some other traders were very enthusiastic, and they hadn't seen the boss for a long time.

"Boss, I haven't seen you much in the company in the end, why are you here today when you're free?" Xu Jianqing said happily.

Gu Junhao looked at the enthusiastic Xu Jianqing and said, "It's not the end of the month, look at the holdings of the No. [-] Fund, you haven't been very busy lately."

The investment in the two companies this time was led by Gu Junhao himself, and Xu Jianqing did not participate in it. After reducing the position, there was only one stock in the A-share market, Longji.

Correspondingly, the workload during the day will be reduced a lot.

"I'm not busy. Boss, do you want to build more positions? I don't think it will cost much to invest in companies. It's okay to share another sum of money to invest in stocks."

"Let's talk about it, let's do it for now, but you can also choose a batch of stocks like Xiao Wang, and talk about your own logic. If you can, I will support you to buy."

"Really? That's great. I'll choose to watch it next month." Xu Jianqing said happily.

Before coming here, Gu Junhao also looked at the stock price of Longji shares this month, 13.05 yuan, a monthly increase of 8.39%, which is not bad.

After the dividends were distributed, without counting the daily operations of Xu Jianqing and the traders, the position profit had reached 23.63%, which was basically out of the cost zone.

When buying a stock, if it is for the medium and long-term, Gu Junhao likes to divide the cost area according to the profit range of 20% to 30%.

When the profit reaches this figure, you can hold the position very stably, and you don't have to worry about large-scale losses when you withdraw.

Of course, in the case of trading on the left side, it is easy to lose money during the opening period, but as long as the loss is controlled within a controllable range, it will be fine.

Then, Gu Junhao came to Wang Ruoyu's office area.

The overall structure of the No. [-] trading room is divided into four areas. The Junshi No. [-] fund traders are concentrated in one area, and the other area is used by the self-operated rice stock traders at night.

After Liu Tingting moved out, Xu Jianqing was given to use the vacated office, and she was in the same office as Wang Ruoyu.

The other area is the workstation used by Gu Junhao before, which is still reserved and no one is using it.

Just now Xu Jianqing was chatting with Gu Junhao in the trading area belonging to the self-operated market.

Seeing Gu Junhao coming in, Wang Ruoyu spoke first, "Boss, come and see how these warehouses are doing."

When Wang Ruoyu submitted the bid for the cement sector, Gu Junhao retained the Hailuo Group he chose after adding the Shuangma Group, and crossed out some other stocks.

However, Gu Junhao later asked him to choose some targets in other blue-chip sectors, and Wang Ruoyu finally chose Sany Group.

The total market value of the Shuangma Group is only 76 billion yuan. Such stocks are destined not to be bought much. After the fund market becomes large, the options available are very limited.

Only blue chips like Hailuo Group and Sany Group can better accommodate the existing amount of funds.

These are one of the reasons why those public offering star fund managers tend to lose money when their scale is too large in the later stage and the blue chip market is no longer there.

Gu Junhao briefly glanced at the latest position changes. Keheng shares rose by 75.33% this month, the highest increase was nearly doubled, and the stock price hit 91.66 yuan.

This lithium-ion battery small-cap stock with favorable restructuring has become one of the market highlights this month, but it is a pity that it did not drive the entire lithium-ion battery sector.

Lithium battery sector has risen too high in the early stage. Keheng is more like a kind of supplementary increase by borrowing profit. With such a large monthly increase, the room for increase is also limited, so it is natural to reduce the position.

In this regard, Wang Ruoyu didn't need to ask Gu Junhao for instructions. He was naturally clear, so the biggest reduction in positions this month was also Keheng shares.

Wang Ruoyu reduced the position of Keheng shares with a profit of up to 320% to only 3000 lots, so he acted decisively.

"That's right. Keheng's upside should be limited. Look for an opportunity next month to clear another 3000 lots. It's useless to keep it." Gu Junhao nodded in satisfaction.

Then Gu Junhao looked at the part of building positions. Shuangma Group opened 10 lots, with a total market value of about 6700 million yuan. According to market value estimates, it is less than 1% of its total share capital.

"There is still some room for participation in this. If you have the opportunity next month, you can continue to buy some, but the total market value should not exceed 2 million. Follow Keheng's routine."

Pointing to the position of Shuangma Group, Gu Junhao told Wang Ruoyu that Gu Junhao didn't care about appearing on the list of the top ten shareholders.

If the size is large, it is inevitable to participate in a small and medium-cap stock and appear in the ranks of the top ten shareholders.

"Okay, no problem, then the boss will take a look at the positions of the other two stocks." Wang Ruoyu said.

"There are no other problems, follow your pace, but this stock will reduce its position next month and add it to Vanke. Vanke should resume trading next month." Gu Junhao pointed to one of the stocks and said.

Wang Ruoyu took a look at the ancient and modern tribute wine, and then suddenly realized that in the past few months, the liquor industry, the ancient and modern tribute wine in Silianyang, has rebounded the fastest.

The stock price rebounded from less than 30 yuan in four months to 47.95 yuan at today's closing price, an increase of more than 60%. The market value of Junshi No. 10 Gujin Tribute Liquor has exceeded [-] billion yuan.

"Well, okay, stocks that have rebounded too much in the short term can indeed reduce their positions a little bit, and it is better to be a band."

"Well, let's reduce the market value by about 2 million. After Vanke resumes trading, increase your position in Vanke according to changes in the market environment."

"Okay, then I will buy the other two according to the rhythm."

"Okay, for Sany Group, you can buy more. You can buy according to the 10% position of the tens of billions of private equity." Gu Junhao added.

"Huh? Okay, no problem."

There was some doubt in Wang Ruoyu's eyes, but he didn't express too much, the boss's decision must have his reasons.

Sany Group is currently the most common among these holdings, and its stock price is only around 5 yuan. Gu Junhao remembers that it started relatively late, but the final income should be around 10 times.

Although the time span is relatively long, the low-position chips in the early stage are still relatively popular, especially when people are not optimistic about it now.

In addition, you can also control the size of the fund. This month, the total size of the Junshi No. [-] fund has risen too fast!
(End of this chapter)