Chapter 316 Travel lightly and wait for the stock market crash
Chapter 316: Go into battle lightly and wait for the stock market crash (two-in-one, please vote for me)
Author: Ru Meng Ru Hua
Chapter 316: Go into battle lightly and wait for the stock market crash (two-in-one, please vote for me)
Since May 18, the Shanghai Composite Index has started a new round of short-squeezing upward trend. The index has broken through from 4300 points to above 4900 points. Within eight trading days, the Shanghai Composite Index has risen as high as 633.02 points.
The increase reached 14.69%.
The trading volume of the Shanghai and Shenzhen stock markets exceeded 2 trillion yuan for three consecutive trading days. Due to the huge amount of buying orders, short-term overbought has become very serious. The market is in urgent need of a major adjustment to consume these overbought forces.
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In fact, not only is the Shanghai Stock Index seriously overbought and deviating from the five-day line, Central Huijin's large reduction in its holdings in the four major banks should also be enough to attract market attention. This is the first time that Huijin has reduced its holdings in the four major banks.
According to public information disclosed by relevant data, Huijin reduced its holdings in ICBC and CCB in the A-share market on May 26, with amounts of 1.629 billion yuan and 1.906 billion yuan respectively.
The national team began to withdraw, which itself was a topic that attracted market attention, but this time it was overshadowed by the daily limit of more than 400 stocks yesterday.
Retail investors are still immersed in the good wishes of the index hitting 5,000 points, without any awareness of risks.
But this does not mean that smart money has not discovered it. There are always smart people in the market.
Under such an environment, even if there is no sharp drop today, it will happen in the following trading days, so in Gu Junhao's view, the sharp drop of 528 is not unexpected.
In early trading, the Shanghai Composite Index and the Shenzhen Component Index both opened slightly higher after the two markets were matched by call auctions.
The ChiNext Index opened slightly lower, and before 10:30 a.m., the trends in the two cities were stable.
The Shanghai Composite Index reached a maximum of 4986.50 points, an increase of nearly 1%.
The GEM Index also rose sharply by more than 1.2% at one time, with the index reaching a maximum of 3677.33 points.
The main funds used one hour of trading time to confuse a large number of retail investors. The 5,000 and 3,700 points seemed to be close at hand. The good expectations of the bull market made people imagine endlessly.
At 10:38, the Shanghai Stock Exchange Index began to show signs of diving. In less than five minutes, the index plunged by more than 1% to 4932.63 points, down 0.18%. The ChiNext Index and other major sectors began to follow suit.
In fact, most retail investors are still unaware of the risks at this moment.
I still think that the index and individual stocks will fluctuate as in the past few days, and will eventually complete the adjustment within the day and continue to rise.
This is true even when the Shanghai Composite Index fell by 1.40% by midday closing and the index fell below 4,900 points.
The intraday plunge has entered a period of acceleration since the opening in the afternoon. A series of financial stocks and Chinese-headed stocks, mostly held by the national team, began to intensify their dives. The stock index also showed a unilateral rapid decline.
At 2:30 p.m., the Shanghai Composite Index had fallen by more than 3.8%.
Most financial stocks, including brokerages, insurance companies and banks, began to fall below their limits, and huge amounts of money began to flee.
There was no rebound at all. At three o'clock in the afternoon, when the two markets closed, the Shanghai Stock Index fell 6.50%, falling more than 320 points in one day.
The ChiNext Index fell 5.39%, and the Shanghai Composite Index's single-day turnover exceeded 1.25 trillion.
The three major financial sectors became the hardest hit. The brokerage sector as a whole fell by the limit, the insurance sector fell by more than 6%, and the banking sector fell by more than 5%.
The Belt and Road sector, which has been hot recently, plunged more than 7%, with numerous stocks in the sector hitting their daily limit.
There are many stocks that have fallen below the limit on the market, and among a series of falling stocks, there are many figures of a certain team.
And these sectors are the most popular sectors in recent times, and a large number of retail investors gather here.
Before the stock market crash in 2015, the Chinese prefixes and big finance were not so despised by later generations.
As a retail investor, if I didn't hit the limit today, I would be embarrassed to go out and meet people.
Dongfang Fortune, Gu Junhao's only current holding, fell 7.16% again today after falling 6.52% yesterday. The stock price has dropped from the highest of 91.45 yuan that month to the current price of 72.90 yuan.
Zhongguo Yizhong, which cleared its position yesterday, fell sharply by 7.39% this morning after reaching 21.37 yuan. The intraday amplitude exceeded 16%. Investors who rushed in in early trading suffered heavy losses.
Tong Huashun, which is in the same sector as Dongfang Fortune, is not much better. Its stock price has dropped from the highest point of 128.50 yuan in the month to the current 92.80 yuan, falling below the 100 yuan mark again.
Nowadays, 100-yuan stocks are already a major threshold for GEM constituent stocks, and there are not many stocks that can sustainably stand above 100 yuan.
Today's market trend can be regarded as a preview before the crash.
As far as the closing index of the Shanghai Composite Index is concerned today, there is still an increase of almost 550 points before a real collapse.
To be honest, if you want to buy the bottom, the profit will still be good, but Gu Junhao has no plans to buy it anymore.
Everyone knows who is causing the market crash in this round. Given the current size of Junshi No. 2, if you want to buy the bottom, you can only go to their place to grab food.
We have already made so much profit before and attracted widespread attention from the market. If we still enter the market for profit at the final stage, it will be a bit desperate.
In less than a year, the total size of the two Junshi Capital funds has increased from the initial 540 million yuan to the current total size of more than 3.4 billion yuan, plus nearly 400 million yuan in income from personal accounts.
Excluding costs, Gu Junhao earned more than 3 billion yuan in net profits from the market this year.
Although this amount of money is only a drop in the bucket for a certain team, the net profit of more than 3 billion in less than a year is enough to attract attention.
Now that we have retreated in advance, there is no need to re-enter, lest we try to cause trouble.
As for making another huge profit by shorting stock index futures in a plummeting market, Gu Junhao has never even thought about it. This is simply looking for shit.
In Gu Junhao's opinion, the biggest reason why the fellow went to use the sewing machine was probably related to this.
Of course, Gu Junhao didn't know the specific reason, it was just his own guess.
But if you wait until the call for a bailout is made and then re-enter, the impression left behind will naturally be different.
As for the 30,000 Dongfang Wealth left behind, Gu Junhao is not very worried. There will be an opportunity to lighten up the position and exchange shares next month.
As for the next rotation, Gu Junhao has also thought about it, which is to try to avoid entering a certain team's field.
It’s not impossible to go to some sectors that don’t attract much attention, and even some monster stocks.
As long as you don't cause trouble, no one will care how you cut the leeks.
On May 29, the Shanghai and Shenzhen stock markets ended today's trading with a golden needle probing the bottom of the Yang line.
The trend the next day seems to have the same effect as the previous drop of more than 5%, which has left countless hopes for new investors.
There is nothing that can't be changed by one Yang line. If it doesn't work, then use two.
Dongfang Fortune hit the bottom of 70 yuan today and closed at 74.29 yuan, ending this month's trading with an increase of 1.91%.
In May, Dongfang Fortune no longer had the same glory as in April. The stock price continued to fall since entering the second half of trading, and finally fell by 11.51% in one month and ended trading in May.
As of the end of May, due to the high-level liquidation of Zhongguo Yizhong and the high-level reduction of Dongfang Fortune, the overall size of Junshi No. 2 has reached around 2.718 billion yuan, with a net worth as high as 543.57.
In fact, as long as you don't mess around, based on the current market value of Dongfang Fortune, since it is a 90% drop, the overall income of Junshi No. 2 can be maintained above 5. After the opening period in November, this net value
It's also very dazzling.
After the end of May, for Gu Junhao, both the company and the individual can be said to be traveling with ease.
Personally, Gu Junhao has paid off all the bridge loans and financing from securities companies, and the company is operating with zero debt.
After the end of this month, Gu Junhao also sorted out and paid attention to the company's and his own personal financial status. The current cash flow in the company's account is as high as 440 million yuan, and his personal cash holdings also exceed 380 million yuan.
The equity structure of Junshi Capital is quite simple. Gu Junhao currently holds 98%, and the other 2% is under the name of legal representative Zhang Mingde.
Zhang Mingde does not participate in the specific operations of Junshi Capital, and the shares in his name are actually held on behalf of Zhang Yiru.
The entire company is Gu Junhao's one word.
In other words, without counting the profit of Junshi No. 2, Gu Junhao can currently support more than 800 million yuan in cash flow, making him a billionaire.
To be honest, although the net value of personal shareholdings and funds has been rising in the past, Gu Junhao's personal disposable cash has never exceeded 10 million yuan.
Several times the loan was poured out in my hand without even being warmed.
What is different from his previous life is that Gu Junhao's wealth in his previous life was accumulated step by step. During this process, he also enjoyed everything he should enjoy, and his concept of money was gradual.
But now, he suddenly had more than 800 million yuan in cash flow. To be honest, Gu Junhao didn't know how to spend it.
Fortunately for the company, Junshi Capital will set up its own self-operated business and primary market investment in the future.
Whether this cash flow of more than 400 million will be enough by then is a matter of debate.
As for the personal cash of 380 million yuan, Gu Junhao didn't really think about how to spend it for a while. At present, he is just helping Zhang Yiru to boost his performance.
Having such a large amount of money lying in a bank account sounds particularly luxurious.
It has to be said that after learning about Gu Junhao's liquidation, the local bank was very enthusiastic about Gu Junhao, who had a large amount of cash flow, and he would receive invitations to have dinner from time to time.
Junshi No. 1 has made so much money, and Gu Junhao, who has always been generous in terms of remuneration, will not treat his employees badly. All employees in the company receive a lot of bonus income.
In addition to the senior executives, Xu Jianqing and his assistant Li Xinyu received the most generous bonuses. The bonus Xu Jianqing received was enough to buy a good property in Beicang in full, which made him smile from ear to ear.
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Li Xinyu, who has grown rapidly since joining the company, has a bonus that is much higher than the money she earned in the stock market. Li Xinyu, who originally made 200,000 yuan in Tonghuashun, was quite excited. She originally wanted to make another fortune with her boss.
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However, after receiving the bonus, Li Xinyu no longer thinks so much about stocks, and can just work hard together.
As for Wu Peng and Cao Wenxun, because they have only been in the company for a short time, their bonuses are naturally much smaller than those of Xu Jianqing.
However, the stocks traded by both of them have risen sharply. In the process, the performance bonus has been considerable, so there is nothing to say about the distribution of bonuses.
In fact, Gu Junhao originally wanted to hold a replacement annual meeting, but considering that the stock market crash was about to happen, it seemed inappropriate to hold a replacement annual meeting at this time. And when the stock market crash was hyped up, it would be adding salt to the wound of leeks.
Moreover, Gu Junhao tried his best to keep a low profile when distributing bonuses, but some employees still couldn't help but show off. Fortunately, the financial industry has relatively high incomes. Although it attracted heated discussions, it was within a reasonable range.
The first fund has made so much money for the company, so it is appropriate to give some bonuses to employees. I believe that after a period of discussion, no one will pay attention to it by the time of the stock market crash.
June 1, Monday; after the Shanghai and Shenzhen stock markets hit the bottom last Friday, the two markets once again experienced surges on the first trading day in June. Both large and small-cap stocks soared. A total of more than 280 stocks in the two cities hit their daily limits.
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The Shanghai Stock Exchange Index surged 4.71% throughout the day, easily reaching 4,800 points, while the ChiNext Index surged 4.97%, and the two cities ushered in a retaliatory rebound.
On June 2, the Shanghai Stock Exchange Index rose again by more than 2%, and the index stood firm at 4,900 points. The ChiNext Index rose again by 4.92%, easily exceeding 3,900 points in two trading days.
On June 3, the Shanghai Stock Exchange Index paused at its previous high position today. The index closed down 0.01% throughout the day, while the ChiNext Index once again ended today's trading with a 2.05% increase.
The index even surged above 4,000 points during the session, which was an astonishing performance.
After yesterday's daily limit, Dongfang Fortune once again closed at a daily limit today, with its stock price at 95.48 yuan.
Now that the GEM index has reached 4,000 points, and the stock price of Dongfang Fortune has returned to above 90 yuan, Gu Junhao, who originally wanted to keep his position in Dongfang Fortune for a few more days, simply liquidated the position.
The market value of 280 million yuan is not worth mentioning under the daily trading volume of Dongfang Wealth of 8.61 billion yuan, and Junshi No. 2 has also entered a short-term short position stage. The current overall account size is 2.78144 billion yuan, and the net value ratio is 5.5629.
On June 4, the China Securities Regulatory Commission website announced that Guotai Junan, the largest IPO in the past five years with a total financing of 30 billion yuan, was approved. As another iconic stock that entered the countdown to A-shares, it triggered violent fluctuations in the Shanghai Composite Index.
Throughout the history of A-shares, every elephant-level fundraising will have a great impact on the market. Guotai Junan's IPO and even subsequent listings will have a huge impact on the market.
Today, the Shanghai Composite Index experienced violent fluctuations under the influence of this news. Before the end of midday, as the news was fermented, the Shanghai Composite Index plunged rapidly. The index fell by more than 5% during the session, directly from 4,900 points.
It fell below 4700 points.
This was already the third intraday plunge in the past six trading days, although the index eventually completed a major reversal and eventually rose 0.76%.
But such frequent dives when the index is close to 5,000 points also means that funds on the market are fleeing at an accelerated pace.
The ChiNext Index also closed down 0.97% after failing to reach the 4,000 mark again today, showing a tendency to peak before the broader market.
Gu Junhao does not remember the specific date when the GEM peaked, but he does remember clearly that the 4,000 point position was the high point of the GEM.
On Friday, June 5, the last trading day of the week, the GEM index failed to cross 4,000 points for the third time in a week, and today's decline expanded to 1.46%.
After Dongfang Fortune's V-shaped reversal and its stock price rose 6.64% yesterday, it hit a new all-time high today, with the stock price reporting at 102.84 yuan. Subsequently, the stock price maintained a low opening and trend trend throughout the day, falling 9.25% during the day.
Tonghuashun also set a new high price after ex-rights today, with the highest price being 142.50 yuan. Then it also started a diving performance, and finally closed down 6.16%. Tonghuashun's amplitude today exceeded 15%. Hot money and institutions can also be seen from the dragon and tiger list after the market.
The outflow of funds is accelerating due to the game.
Yinzhijie, another GEM component stock that has been with Gu Junhao for nearly a year, hit seven consecutive daily limits within eight trading days after the resumption of trading on May 22, and then fell sharply for two consecutive days in the three trading days today.
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Judging from the trends of these three very representative GEM constituent stocks, the GEM index, which has closed down for two consecutive days, has a clear signal of peaking. Dongfang Fortune's stock price of 102.84 yuan is very likely to be like this.
The highest price in a round.
What's more interesting is that although Dongfang Fortune did not announce the Dragon and Tiger list today, judging from his Dragon and Tiger list in the previous two days, the Shanghai Gang's figure is rampant in the Dragon and Tiger list, with both buying and selling seats.
A member of the Shanghai Gang.
Gu Junhao accidentally cut them again.
There are also Shanghai gangs on the Tonghuashun Dragon and Tiger List. As the bull market comes to an end, this gang of hot money is still looking for opportunities tirelessly, and I don’t know if they can escape.
However, these people are not short of money. They should have made a lot of money in this bull market. Cutting some meat and leaving it on the market is nothing.
After the market closed on June 5, Junshi No. 2 announced its net worth again. Compared with the total size of 2.717 billion yuan at the end of last month, this week's total size of 27.81 yuan has not changed much, and the net worth has only increased slightly from 5.4357 to 5.5629.
By this time, those who are interested can already see that the position of Junshi No. 2 is already very low. You must know that the Shanghai Composite Index has increased by 8.92% this week, and the index has stabilized at 5,000 points.
The GEM Index rose by 9.68%, while Junshi No. 2 only rose by 2.33% this week, far underperforming the index. This increase is completely different from its usual performance.
"Has this guy already liquidated his position?" Wang Chao frowned slightly as he looked at the performance of Junshi No. 2, which had taken over the top spot since the liquidation of Junshi No. 1.
Through the net worth curve, Wang Chao could see at a glance that there was no change in the net worth of Junshi No. 2 on June 4 and June 5.
You must know that the market has fluctuated greatly in the past two days.
Even though the market stood firm at 5,000 points on June 5, it experienced huge fluctuations, and the market continued to dive.
Even if the position of Junshi No. 2 is only 10%, it is impossible for there to be no fluctuations in the past two days.
"It is very possible that Mr. Gu is still very sensitive to the market, which can be seen from his liquidation of personal accounts and the liquidation of Junshi No. 1." Shi Xin nodded.
"This is because I am not optimistic about the market. Now Junshi No. 2 is almost certain to be cleared, which is a bit interesting." Wang Chao said playfully.
"Well, Junshi No. 1 should not liquidate it in advance even if it has two months of management fees. Although Mr. Gu said it was the company's capital needs, this is just a lie to a layman." Shi Xin also said with a smile.
Then Shi Xin said to Wang Chao: "Should we settle it?"
"Do you really believe in Mr. Gu? The current upward trend is not bad. Even if it reaches the top, there will be a second peak. There is no need to clear positions, right?"
Wang Chao looked at his brother-in-law with some surprise and said.
Unlike his brother-in-law, Wang Chao has experienced the 6124 bull market in 2007, so he is not too surprised by the current 5,000 point level.
In Wang Chao's view, after the Shanghai Composite Index fell sharply to 528, it repaired through six trading days until it broke through 5,000 points. Currently, the Shanghai Composite Index has not deviated from the daily and five-day line positions, and its weekly performance is also relatively good.
Although there are signs of accelerating capital outflows and increasing volatility, even if it peaks in the short term, it can still escape smoothly.
Positions can be reduced when the index is high, but there is no need to clear positions. Moreover, maintaining a certain position and doing T will also better improve the performance of the fund.
"Believe it or not, just look at the GEM index and the trends of Tonghuashun and Dongfang Fortune. Brother-in-law, didn't you also liquidate Dongfang Fortune after Mr. Gu sold Tonghuashun?"
"These are signs of peaking, but the market feels that it will continue to surge again. It is okay to reduce positions, but it is not necessary to clear positions. Besides, our positions are not high."
"Okay, then I'll listen to you, brother-in-law. We'll have time to run when we hit the top." Shi Xin thought about it and felt that his brother-in-law was right. Who wouldn't run away?
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In the Junshi Capital trading room, Gu Junhao made a surprising decision after Xu Jianqing announced his net worth this week.
"Okay, that's it for today; besides, the fund is already short, so there's nothing to do. The holiday starts this month, and everyone will come back to work on the 1st of next month."
"Ah? A holiday?" Everyone exclaimed unexpectedly.
You must know that I have only been working for one week this month, and Mr. Gu actually announced that he was on holiday, indicating that he did not plan to open a new position.
"Well, you will still get your salary during the holiday, but your performance will be affected this month." Gu Junhao said with a smile.
"Mr. Gu is not optimistic about the market and doesn't plan to re-open positions this month?" Cao Wenxun said sharply.
He still had a small position. After Tong Huashun sold it, Cao Wenxun bought another stock based on his own experience.
"Well, I feel that the market is about to peak, and the GEM has already peaked in advance." Gu Junhao said bluntly.
"Then Gu always looks at a major adjustment?" Wu Peng also continued.
"It depends on the adjustment, but I don't know how much it can be adjusted. Just adapt to circumstances. If you really want to open a position, I can handle it. You guys should take a vacation and rest for a while."
"Okay, since Mr. Gu said so, let's enjoy it, thank you Mr. Gu." Cao Wenxun said with a smile.
Everyone knows Mr. Gu's sensitivity to the market. With such a leader, Lao Cao really doesn't worry about running away.
The next market changes will be very big, beyond everyone's imagination, and Gu Junhao doesn't want to say much at this time.
The reason why Gu Junhao gave traders a holiday was actually more from the perspective of company employees.
In the craziness of this year, most of the employees of Junshi Capital, which is dominated by young people, have bought some stocks due to the boss's profits.
Although Gu Junhao didn't know exactly how many people were trading in stocks, he thought it was quite a few. After all, the stock market has been really hot in recent months.
Gu Junhao naturally couldn't say it bluntly that the market would plummet, but by giving traders a holiday to remind everyone, he probably would have reminded most people.
With all the traders on holiday, the stock market is definitely not much better. Anyone who is not stupid can see this.
Gu Junhao does not want the subsequent stock market crash to affect the company's stability.
Xu Jianqing is more popular, so asking him to remind everyone privately when the time comes will probably save the employees losses.
Especially since he paid a large bonus to his employees this time, Gu Junhao didn't want them to turn around and lose all the bonus in the stock market.
It would be a bit funny to avoid cutting the leeks yourself and then giving bonuses to employees, who would then be harvested in the stock market.
"Everyone, please leave. Xiao Xu will stay here for a moment. I have something to tell you." Gu Junhao said to everyone, leaving the private blowjob to Xu Jianqing.
"Ah? Okay."
Whether you can experience the joy of a 1,000 monthly ticket lottery depends on the brothers, I hope there is still some ~