The Road to Rebirth Finance

Chapter 438 Buy at 2600, Lose at 3500
"Recently, you have contacted some real estate in the city to see if there is any suitable office space. If there is any, we will buy it for him."

Gu Junhao said to Li Xinyu.

"Okay, is there anything else?" Li Xinyu had also accepted Gu Junhao's imagination.

Although I feel that it is not cost-effective to buy an office building nowadays, it is also a good thing to have an office building belonging to my own company, not to mention that the boss is not short of money now.

It's just that the boss's view of consumption has changed a bit suddenly. Before, he saved as much as he could and invested as much money as possible in the secondary market, but today he suddenly started to consume.

"Apart from the office building, the other thing is to increase the year-end bonus by another 10% this year. In addition, talk to Director Guo about buying a few more luxurious cars. You can figure out the specifics."

The purchase of this luxury car by a company is a reasonable way to avoid taxes, and it is also a symbol of strength. Gu Junhao does not reject this aspect.

"Haha, the boss is arrogant, I'll arrange it right away." Li Xinyu said with a smile.

After reviewing the company's funds, Gu Junhao also found that the amount of funds actually controlled by Junshi Capital is already terrifying, enough to form a considerable influence in the market.

The behavior of Junshi No. [-]'s short position will inevitably trigger heated discussions in the A stock market and become the focus of the market.

Although because of the public offering fund limit behavior at the end of November, Gu Junhao was often the object of ridicule by Christians in the next two months.

Telling investors not to buy when the market is rising most fiercely is always hated by people, and investors may not appreciate it.

Especially when the market continued to rebound above 1 points in January, most investors believed that Gu Junhao had delayed their making money, and the ridicule became even more fierce.

But in the whole year of 2017, Gu Junhao can indeed be regarded as a man of influence. At the beginning of the year, Junshi No. [-] raised a large amount of funds, and his performance has steadily increased since then.

With the year-round cleanup of the photovoltaic industry, Gu Junhao was able to suppress Zhonglongji shares one and a half years in advance when the stock price was low. At the peak, the profit exceeded four times.

Coupled with the domestic rich list announced in November, Gu Junhao soared from no name in the previous year's list to more than 11 this year, all of which had a great impact.

At the end of November, when Gu Junhao's popularity was at its peak, the showy operation of the quota really stunned his peers and investors.

When Jun Real Price Investment announced the limit, the adjustment of A shares in November was almost completed. The sideways market in December and the sharp rise in January made Gu Junhao, who was at the peak of his popularity, a target of ridicule.

Now that Junshi No. [-] has entered the second month of short positions, there must be no change in the net worth of this month.

When one thing becomes the focus and you don't want to change it, creating a second focus is the best way.

For example, the collapse of a star's house appeared in time on a certain blog.

If he didn’t want to increase his position, Gu Junhao had to divert the public’s attention. Large reduction of positions online and large distribution of coins offline are also a good way to divert attention.

Although Mr. Gu was ridiculed by most ordinary investors for missing this round of market rebound, it's not that no one believed Gu Junhao's judgment at all.

The number one fan, Li Ze, believed in Gu Junhao's point of view very much. When the purchase was restricted at the end of November, Li Ze was not too sure of Gu Junhao's judgment.

But when the net worth of Junshi No. 1 is announced in January, if Li Ze still can't understand it at this time, he will have been in Big A for three or four years in vain.

An ordinary stockholder has enough knowledge in three or four years.

As soon as the market opened on February 2, Li Ze cleared his 1 lots of Longji shares at a price of 37.93 yuan, earning 500 million yuan, and also reduced his position in the Junshi investment shares he held.

The net worth of 1 yuan was invested in the real price of 50 yuan, and now it is close to 135 million yuan. Two long-term investments, Li Ze’s investment is about 92 yuan.

Li Ze liquidated his shares in Longji, reduced his holdings of 100 million shares of Junshishi Investment, and received 289 million yuan in cash, a profit as high as 3.52 times, which once again allowed Li Ze to have a large amount of cash.

In the long run, the Longji shares that were reduced in 2016 were sold at the lowest point after the stock price stabilized, and the current income must be much higher than that of investment funds.

But Li Ze doesn't regret it. In addition to supporting idols, investment funds can also enrich his investment experience, not to mention that the income is really not low.

The first time I bought, the way of lying flat, I had a profit of more than 80 yuan in more than a year. Such a result is rare even in the A-shares that rebounded throughout 2017.

On February 2nd after the position reduction, the Shanghai Composite Index gapped and opened lower in early trading, which made Li Ze feel lucky. Li Ze, who has become accustomed to long-term operations, has also become accustomed to observing the Shanghai Composite 2 Index.

Li Ze pays close attention to the changes in the positions of Junshi Investment every quarter. Although there is a certain lag, in terms of style, Brother T still focuses on blue-chip investments throughout the year.

Among the positions, there are almost no small and medium-sized venture stocks, and even if they are held, the positions will not be large.

At the end of the month, the changes in the SSE 50 and blue-chip stocks, in Li Ze’s view, it is natural for Brother T to be short-term. How could Brother T, who has always operated in the band, not reduce his positions after these big white horses rose several times.

In the afternoon, although the three major indexes were driven by the sectors represented by steel and coal, the performance of those white horse stocks that had risen earlier, especially the liquor sector, was still very unsatisfactory.

"Stupid media, still in high spirits, here to fool you into picking up the leeks, haha." Li Ze stared at the trend and laughed.

These two sectors have never been a good thing to pull the market. If you add the oil sector, it will really work together.

On Monday, February 2th, the market trend of coal flying continued, and the Shanghai Composite Index closed at 5 points with a 0.73% increase.

Today is the fourth trading day of the Shanghai and Shenzhen stock markets. On the one hand, big players are used to protect large-cap stocks, but on the other hand, the decline of small and medium-sized enterprises is extremely tragic.

As of today, according to Tong Huashun's statistics, after excluding the 2016 new stocks listed since 700, there are more than 2800 stocks remaining in the market.

这2800多只股票，其中有1531只股票今日的收盘价已经跌破2016年1月27日的收盘价了，占总数的五成以上。

2016年1月27日，沪指当时创下2015年至2016股灾以来的最低位2638.30点位，收盘报2735.56点位。

On February 2018, 2, the stock index rose by 5% compared to the closing price of the day, and rose by 27.48% compared to the lowest point!

On the one hand, the stocks represented by blue chips such as Maotai Liquor and Gree have frequently hit new highs. On the other hand, more than half of the stocks in the two cities have set new lows since the stock market crash.

Among them, the most representative one is Leshi.com, the former king of GEM.

In July last year, the fake accountant patted his ass and ran away without accident, leaving a classic sentence of "returning to China next week" to all investors of Leshi.com.

Half a year later, there was no news about the fake accounting, and Leshi.com failed to reorganize unexpectedly, and resumed trading on January 2018, 1.

As of today, Leshi.com, which has resumed trading for 9 trading days, has closed at 9 consecutive limit-downs. The stock price closed at 5.95 yuan (high delivery and transfer), with a market value of 167.87 billion yuan.

At its peak, the market value of Leshi.com was as high as 1600 billion yuan, but now it has fallen by nearly [-]%.

Among the small and medium-sized entrepreneurship sectors, when the top ten decliners were at 2638 points, the lowest decline also reached more than 50%, and the largest decline was nearly 90%.

Leshi.com has fallen so much, it is not the worst. The two worst stocks are Geeya Technology and ST Zhongan.

It looks like all three stocks were delisted around this year?

Speaking of which, 2018 was also the beginning of the first large-scale delisting of A shares. With the changes in the issuance environment of new shares, these garbage shell resources are far less popular than before.

The small and medium-sized entrepreneurial sector suffered a lot, and the white horse stocks in January were not much better. The top ten decliners also fell by more than 20%, and the decline ranked first was as high as 32.88%.

Of course, compared with the decline of small and medium-sized ventures, the white horse stock can only be regarded as a major correction, and its position is still quite high.

But the problem is that not many A-share investors have the patience to hold white horse stocks.

Gu Junhao took a closer look at the stocks in this statistical data. Among the white horse stocks, many were wrongly killed, but in the list of small and medium-sized ventures, almost no one was wrongly killed. Instead, he saw that many later generations have delisted stock.

The thinking of most investors is still in small and medium-sized positions. There are still stockholders in Leshi.com willing to buy bottoms, and the enthusiasm remains high. This also proves that the current investment thinking of most investors is still still small and medium-sized. among.

"Most of the huge losses are caused by illusions. If stocks like Leshi.com and Baofeng Technology can stop losses in time at the beginning of the quilt, the consequences may be different."

The Shanghai and Shenzhen stock markets really explained to investors what it means to buy at 2600 and lose at 3500.

Although more than half of the stocks in the Shanghai and Shenzhen stock markets have set a new low since 2638 points, the valuations of these plummeting stocks are still very high.

Rough statistical data is that among the stocks that set a new low since 2638, the stocks that have fallen by more than 10% have an average price-earnings ratio of about 120 times.

Those with a drop of more than 20% have an average price-earnings ratio of about 145 times, while those with a drop of more than 50% have a price-earnings ratio of more than 200 times.

Price-earnings ratios of three to five hundred times, or even thousands of times, abound.

It has to be said that this wave of adjustments in 2018 is really paying for the crazy bull market at 5178 points. Before that, it was only because of the rescue policy of the national team that the decline was temporarily suppressed.

For example, these stocks with a price-earnings ratio of several hundred times and no performance and prospects can only rise in this crazy leveraged bull market in 2015, and they will generally rise.

When the market diverges and the tide recedes, these stocks lose their value.

The limit-down tide for several consecutive trading days and the callback of white horse stocks did not get much improvement on the day when the index rebounded on February 2.

More than half of the individual stocks in the market hit new lows frequently, which brought endless haze to the subsequent transactions.

At this time, Junshi Investment Fundamentals, which has retreated for several consecutive trading days, only then did investors realize that it might really be time to reduce their positions.

But this is only a part of investors, and most Christians are still immersed in the illusion of a rebound.

(End of this chapter)