Chapter 209 Earning Indexes but Not Making Money(6K)
Chapter 209 Making Index but Not Making Money (6K)
Author: Ru Meng Ru Hua
Chapter 209 Making Index but Not Making Money (6K)
Tuesday, September 2nd.
The call auction in early trading ended, with the Shanghai Composite Index opening at 2239.68 points and the ChiNext Index at 1465.03 points. Following yesterday, the three major indexes all jumped upward again today.
The three major indexes have gapped and opened higher for two consecutive days; such behavior seems to indicate that OTC funds are impatient. Is a certain company's bullish call over the weekend so powerful?
It is said that A-shares are a policy market, and such behavior seems to verify this.
In the trading room, the four people looked at me and I looked at you; even Gu Junhao was a little surprised. It seemed that there was no such thing as a short jump for two consecutive trading days?
Of course, it's possible that I remembered it wrong. After all, it's been many years, but a few years before my rebirth, I didn't see such a trend.
"This market is somewhat abnormal." After a while, Xu Jianqing complained. Who would have thought that last week's continuous sharp decline would be replaced by two short jumps and high openings this week.
Such behavior of the index is reflected in individual stocks, but it is not very obvious; among the holding stocks, except for Wan'an Technology, which jumped up and opened at 12.83 yuan, an increase of 1.10%.
Xibu Securities and Yinzhijie both opened higher by only one penny, Dongfang Wealth even opened lower, and Tonghuashun's opening higher was not particularly large.
He also looked at the opening trends of some other popular stocks in the market, which showed mixed gains and losses; Gu Junhao then said to the three of them: "It looks like it will diverge today, and there is a high probability that it will not rise as broadly as yesterday."
"Boss, is Wan'an Technology fake?" Xu Jianqing asked Gu Junhao. He just said yesterday that Wan'an Technology would be reduced by him, but he didn't expect it to jump higher today.
"It should be fake. It was brought up by the market. The total amount is only 100 lots." Gu Junhao nodded, and then said: "If the volume is increased later today, you can sell some first. If you don't increase the volume, forget it."
At 9:30, trading officially started; compared with yesterday's consistency, the three major indexes opened today with significantly more fluctuations. Heavyweight stocks performed generally in early trading. Stimulated by favorable policies, the sports concept sector exploded.
After Wan'an Technology opened, a sell order of 127 lots was directly hit to the green market at a price of 12.63 yuan. The trading volume was still sluggish. A sell order of more than 100,000 yuan was enough for Wan'an Technology to fill the gap.
It can also be seen from this point that the high opening in early trading is just the pursuit of high prices by ordinary retail investors.
After the opening of the market, as the index fluctuated, the position performance of Junshi No. 1 Fund was extremely average. Except for Xibe Securities, which rose slightly, the other three stocks only fluctuated around the flat price.
Tonghuashun, the personal holding stock that opened high in the morning, just like Wan'an Technology, began to drop as soon as the market opened; there is no way, several stocks are not among the hot spots today.
OTC funds cannot attack in all directions forever. After a certain period of time, individual stocks will inevitably diverge.
Gu Junhao's task for himself today was to keep an eye on the time-sharing trend of Wan'an Technology. Although he determined that Wan'an Technology's high bidding was the behavior of retail investors, it was not impossible to take advantage of it.
The A-share market is dominated by retail investors, and there are a lot of people allocated to each stock. When the enthusiasm of retail investors is mobilized, even if the main funds still do not act, the trading volume can still rise.
There is essentially no difference for Gu Junhao between selling to retail investors and selling to main funds; the ultimate goal is to complete his plan to reduce his position.
The stock price of Wan'an Technology jumped up and down, and from time to time reversed back and forth before turning red and turning green. The number of buy and sell orders of more than a hundred lots in the trading market gradually increased.
At 9:52, the volume of Wan'an Technology was able to exceed 600 lots in a short period of time. 600 lots was not much, but for Wan'an Technology, it was already considered a small increase in volume.
"It looks like we can sell a little today." Gu Junhao said with a smile.
Wan'an Technology, which had a brief increase in volume, then turned green again. After a few minutes of shock, at 10 o'clock in the morning, Wan'an Technology turned red again, and the stock price also started a gradual upward trend.
After half an hour of trading, most individual stocks and indexes gradually stabilized, and the Shanghai Composite Index also began to slowly rise. Brokerages that had been adjusting for many days began to exert their efforts.
Xibe Securities was also affected by the sector, rising by more than 1%; however, it is also the only stock among the current four support positions that has increased by more than 1%.
"It's already ten o'clock. It seems that today is not our home court, haha." Gu Junhao sighed.
In addition to heavyweight stocks, the conceptual sectors that rose today are sectors such as sports, military industry, and Tianjin Free Trade Zone.
Gu Junhao has never participated in any of these; Gu Junhao personally doesn't like the military industry. Some other sectors are not large enough, and the related concept stocks are too complex, and the performance is very poor.
Gu Junhao is not willing to do short-term trading on such small concept stocks with rubbish performance.
When investing in stocks, you should still choose to follow the mainstream market and choose stocks with better performance or leading companies among some popular sectors with large amounts of capital.
The current holdings of Junshi No. 1 are all stocks with guaranteed performance.
Needless to say, Dongfang Fortune and Xibe Securities, Wan'an Technology is also currently at a performance breaking point.
As for Yin Zhijie, although he expected losses in the first half of the year, his expectations were too strong, and the losses in the first half of the year were more like an act to confuse the market.
Specific to the real data, Yinzhijie may usher in a period of explosive performance in the second half of the year.
This is the case with growth stocks. As long as you choose the right time, the returns may exceed your expectations.
For example, in 2013, Zhongqingbao and Wangsu Technology were on the forefront.
There will be many such stocks in the future, but once such stocks have passed the growth stage, it no longer makes sense to buy them.
Potential stocks mean buying them before you have the greatest potential. It is almost impossible to earn high returns after the potential period.
At 10:30, the three major indexes that were oscillating upward were approaching their highs and began to pull back; Wan'an Technology, which had never been able to break through the opening price, also began to adjust downwards with the index.
"It seems that there are still some differences in funds this morning." Wang Ruoyu, who had been silent all morning, suddenly said.
"It's normal. Although everyone is bullish in the same way, the position of bullishness is different."
The trading in the morning did not belong to Junshi No. 1. The performance of the four stocks was mediocre, and Gu Junhao did not issue any instructions.
In the afternoon, trading continued; the market, which had emerged from sideways trading mode in the morning, suddenly began to exert force. The index quickly shot up and got rid of the morning high, setting a new high for the year in one fell swoop, reporting at 2248.90 points.
"Hey, the Shanghai Stock Exchange is starting to gain momentum."
For Gu Junshi, today, although it has been a day of making little money from the index so far, Gu Junhao also felt a little emotional when he saw the Shanghai Composite Index hitting a new high for the year.
Eight months have passed since 2014. During these eight months, the index has fallen below 2,000 points and reached a new high today. I don’t know how many people made money and how many people lost money.
Although the Shanghai Composite Index continues to hit new highs this year, compared to last year, the market's money-making effect is not that good. This is only due to the substantial correction of the GEM Index.
Compared with the unilateral rise of the ChiNext Index last year, this year's ChiNext Index hit a high of 1571.40 on February 25, and it has still not broken through the previous high in half a year.
Although the ChiNext Index has rebounded to above 1,400 points, it is believed that most people are still losing money due to several deep corrections in the market.
Today's ChiNext Index was obviously weaker than the Shanghai Composite Index, and even turned slightly green before midday; however, as it rose in the afternoon, the ChiNext Index slowly returned to above the daily moving average.
The continued rise of the index has brought about a money-making effect; although individual stocks have risen or fallen, most of them are in the red market. At 13:45, Wan'an Technology's market volume increased again.
For the first time in several consecutive trading days, Wan'an Technology issued more than 400 buy orders. These 400 lots also brought Wan'an Technology back to the opening price again.
The K line is finally no longer a green cross star K. At this time, Wan'an Technology's trading volume has also exceeded yesterday's trading volume throughout the day, approaching 30 million yuan.
"Xiao Xu, pay attention, keep an eye on it; prepare to sell some Wan'an Technology." Gu Junhao also decided to reduce his position in part of Wan'an Technology in advance when the capacity was still good.
"Okay, I'll watch." Yin Zhijie's performance was average today. Starting from the afternoon, Xu Jianqing's attention gradually came to Wan'an Technology.
Glancing at Xu Jianqing and seeing that he was staring at the market seriously, Gu Junhao couldn't help but think: "This is what a fund manager looks like. After issuing an order, the traders started trading, haha."
At this time, Xu Jianqing was concentrating on Wan'an Technology's trading market. The boss didn't say how much he sold, and it couldn't have a big impact on the stock price or disrupt the trend.
At 14:49, Wan'an Technology still reported a price of 12.83 yuan, and various buy orders appeared on the market from time to time. Seeing this, Xu Jianqing decided to test it first.
"Try placing 500 lots at the price of 12.80 yuan to see if you can stand it." Immediately, Xu Jianqing placed the order.
Two minutes later, 500 sell orders were successfully completed, and Wan'an Technology's stock price did not change significantly, reporting at 12.79 yuan.
"Boss, the buying is okay, I should be able to sell a lot in the afternoon." Xu Jianqing happily shouted to Gu Junhao.
"Did you trade those 500 lots just now?" Gu Junhao asked. Although he didn't have to trade by himself, Gu Junhao, like Xu Jianqing, had been staring at Wan'an Technology's trading market.
"Yes, I tried to place an order to see how many orders were received, but I didn't expect that the deal was completed in 2 minutes." Xu Jianqing replied.
"Not bad, I look like a trader now. I don't place orders blindly. Keep up the good work."
The two city indexes have entered the carnival stage, and it is natural that Wan'an Technology's buying orders have increased. Not only Wan'an Technology, but also other stocks that have not gained much today have also received buying orders.
The shorted funds are in urgent need of an outlet. They dare not chase after the rise is too big. They can only look for opportunities among low-priced stocks and try to make a profit.
Xu Jianqing continued to watch the market, and Wan'an Technology, which returned to the opening price, slowly fell back and adjusted, with a very small range, and finally stopped above the daily average price.
At 14:15, a buy order for 983 lots appeared on Wan'an Technology's market price, and the stock price quickly rose from the average price to 12.86 yuan.
"Large orders in late trading, the main funds are causing trouble again." Gu Junhao said with a smile, 983 hands, it is most likely the main funds.
Although there were large orders, Wan'an Technology's stock price remained unchanged and remained within a few cents. By 14:28, 636 buy orders came out again, and Wan'an Technology's stock price only closed at 12.88 yuan.
Seeing this, Xu Jianqing no longer hesitated and started selling 100 and 200 lots in batches, leaving only 30 minutes for himself.
Under Xu Jianqing's continuous selling, the time came to 14:45, with only 15 minutes left before the closing, and Wan'an Technology's highest price was 12.90 yuan.
A sell order of 442 lots came out, pushing the stock price to 12.87 yuan. This was Xu Jianqing's order. In addition to two large orders in late trading, Wan'an Technology was guided.
The rest of the orders were relatively small. In order to sell them easily, Xu Jianqing did not place a sell order of more than 500. This is the largest transaction so far.
Closing at 15 o'clock, Wan'an Technology closed at 12.86 yuan, with a daily turnover of 46.16 million yuan, twice as much as yesterday; and in the last hour of trading, Wan'an Technology's transaction volume exceeded 15 million yuan.
At today's close, the two cities fluctuated and rose. The Shanghai Composite Index rose 1.37%, embarking on a bald trend, and finally closed at 2266.05 points, which is also the highest point of the year so far.
The growth rate of the ChiNext Index in the afternoon was quite good, reaching as much as 1% at one point, and finally closed at 1465.03 points, up 0.84%.
Today, the volume of the Shanghai Composite Index increased to 170 billion yuan, and the GEM transaction volume also reached 39 billion yuan. A perfect trend of both volume and price rising.
Junshi No. 1 had an average performance today. The largest increase was from Xibu Securities, which rose 1.87% to 11.96 yuan. In fact, it was Wan'an Technology, which rose 1.34%.
Yinzhijie and Dongfang Fortune, which surged yesterday, rose 0.25% and 0.60% respectively, perfectly underperforming the two city indexes.
"How much did you sell for?" Gu Junhao asked Xu Jianqing after the market closed.
"1,600 lots, it's not bad." Wan'an Technology's volume in the last hour was close to one third of the day. In addition to the initial 500 trial lots, Xu Jianqing continued to sell 1,100 lots in the next half hour.
This also includes the final call auction transaction, with an average transaction price of 12.84 yuan, and the funds withdrawn were 2.0545 million yuan.
"Not bad, very good." This kind of concentrated explosive volume in a period of time is quite easy to sell. However, more than 2 million were sold, and the transaction volume exceeded 10%. I don't know if it has been discovered.
But don’t worry about him. Even if he is discovered by the main funds, it will not attract much attention. After all, he only has more than 2 million yuan in capacity.
If the main funds of a stock focus on the more than 2 million yuan sold out in a short period of time and do not release it, it is destined to not go far.
——
September 3, Wednesday; the Shanghai Composite Index reported at 2268.40 points, and the GEM Index reported at 1468.09 points; the three major indexes all jumped upward for the third time in three weeks.
As far as retail investors are concerned, the upward short-covering on the first day will cause a certain amount of panic, and on the second trading day they will start to tentatively buy.
Especially during the afternoon session yesterday, and today, investors’ response was even more enthusiastic than yesterday.
The call that the bull market is coming can be heard everywhere. Gu Junhao flipped through the major social software and saw topics about the stock market everywhere.
Traveling back in time, Gu Junhao has never seen investors so enthusiastic, even during last year's GEM bull market.
"Sure enough, it is the motherboard that drives the emotions."
The influence of the main board is not comparable to that of the GEM. In addition, the two major official media have come to an end, which makes it even more exciting.
This sentiment was passed on to every investor, followed by the continued inflow of over-the-counter funds and the continuous rise of stock indexes.
However, the three people in the trading room, except Gu Junhao, seemed a little disappointed.
Yesterday, Junshi No. 1 only made an index profit.
At today's opening, the performance of the four positions was the same as yesterday. One and only Wan'an Technology opened higher by 0.04 yuan.
Xibu Securities opened flat, Dongfang Fortune and Yinzhijie opened lower.
Gu Junhao looked at everyone's expressions and laughed secretly. He was still a novice after all. His performance was average on the second day, so he couldn't help it.
In the big market, funds often attack heavyweight stocks. For ordinary investors with small and medium-sized positions, it is normal to make money on the index but not on the index.
However, this is already the second day, so we still need to pay attention.
It is generally understandable that the small-cap stocks of Yinzhijie and Wan'an Technology will rise. Xibe Securities is supported by the index of brokers. Dongfang Fortune is a GEM component stock and is considered one of the weights. If it cannot outperform the index, you should pay attention.
In addition, Tonghuashun actually closed a false negative line yesterday, with an increase of only 0.08%. All this was enough to attract Gu Junhao's attention.
"Okay, don't droop your face, just pay attention."
Today is still dominated by the main board. The Shanghai Composite Index, which has gapped and risen for three consecutive days, did not choose to pull back today. It rose as soon as the market opened. At 9:31, the stock index was trading at 2270 points.
The performance of the GEM is like that of the main board. It has been going up since the opening. Gu Junhao’s attention today will be on Dongfang Wealth. To some extent, Dongfang Wealth’s performance today also represents the attitude of some public funds.
Whether Dongfang Wealth, which has a large number of public funds, chooses to follow the rise of the index, or adjust within a narrow range like yesterday, illustrates certain problems.
As for Wan'an Technology, just leave it to Xu Jianqing to keep an eye on it. Anyway, he is eager to have a try with the main force in the field.
Dongfang Fortune, which opened low, received four thousand-lot sell orders at the opening, and the stock price quickly fell to 13.28 yuan, still 0.1 yuan away from the five-day line.
At 9:37, Dongfang Fortune ended its seven-minute green trading period and its stock price turned red again; at this time, the Shanghai Stock Exchange Composite Index had exceeded 2,270 points, and the GEM Index had also risen to 1,460 points.
"It seems that the funds in the market are still relatively cautious." Gu Junhao sighed with emotion, and then said to Wang Ruoyu: "If you have the opportunity, you can do it."
In the first two trading days of this week, except for Wan'an Technology, which reduced its position slightly yesterday, the other three stocks chose to maintain zero trading.
As the index continues to rise, other stocks dare not say much. Even if Dongfang Fortune is the main player on the market and chooses to wait and see, it will be driven by the market just like Wan'an Technology yesterday.
In fact, I dare not say that there are a few that have little correlation with the index, but the probability of Dongfang's wealth rising today is still very high.
After receiving Gu Junhao's instructions, Wang Ruoyu did not chatter like Xu Qingqing, but just nodded, adjusted her body posture, and officially entered the stage of watching the market.
At 9:40, Dongfang Wealth shrank and increased, with its stock price rising from 13.48 yuan to 13.64 yuan. Seeing this, Gu Junhao no longer needed to pay attention to him.
Basically consistent with my own judgment, as for Wang Ruoyu, I don't need to be like Xu Jianqing, who has to remind him at any time to avoid going astray.
Compared with Dongfang Fortune, Tonghuashun's trend is weaker. Tonghuashun, which opened high yesterday, is still in the process of overcoming it, and its stock price has also risen to a maximum price of 25.46 yuan.
But Tonghuashun, which opened high today, opened at the highest price. After the opening, the stock price fluctuated all the way down. Near ten o'clock, Tonghuashun even fell to 24.87 yuan, a decrease of 0.74%.
In the two days when the index rose sharply, Tong Huashun completely lost the dominance of the bull stocks in the past, and yesterday's amplitude was only more than three points.
"This is the choice of big money."
From Tonghuashun, Dongfang Fortune, and Yinzhijie, Gu Junhao saw the cautious attitude of big funds. However, the current trends of these three stocks are relatively healthy, and their capacity has not shrunk significantly.
Therefore, it is relatively safe for the time being. At least it should not be a big problem today. After all, with the index continuing to rise, the decline cannot be too large.
Compared with yesterday, the differentiation between the two cities is more serious today. As funds continue to flow into weighted stocks, the number of small and medium-sized enterprises that fell has also increased significantly.
Wan'an Technology, which had a slight increase in volume yesterday, did not follow yesterday's trend today. Although it also opened higher, Wan'an Technology opened lower, and by 10:30, it still had no upward trend.
The trends of Xibu Securities and Yin Zhijie were also in a sideways state. Xu Jianqing returned to the days when he did not need to trade. After a happy day, he lost the trading opportunity again.
Xu Jianqing seemed a little depressed. As for Liu Tingting, Xibu Securities, whose amplitude was less than 0.2 yuan, except that the trading volume had increased a bit and the position was higher than when the position was initially established.
It seems that it is no different from before.
If a stock with this kind of trend were traded by someone like Xu Jianqing who loves trading, it would probably go crazy at any time; but Liu Tingting's mentality is just right for it.
Liu Tingting has no performance pressure, and she has a careful and patient personality. Xibu Securities is a perfect match for her.
When the opportunity comes, do a swing operation and earn some performance. It is quite comfortable to live without the opportunity to just lie down and collect wages.
In the morning, the two city indexes were full of momentum, but in the afternoon, the indexes did not change and continued to rise; throughout the day, the Shanghai Composite Index continued to increase its volume to 187.6 billion yuan, and the GEM Index also increased its volume to 43.82 billion yuan.
While the two cities were increasing their trading volume, the Shanghai Composite Index surged 1% to close at 2288.63 points, heading towards 2300 points on the third day of big gains in September.
The GEM Index has also reached 1477.67 points, up 0.86%, and is less than 23 points away from the 1500-point integer mark.
Junshi No. 1 underperformed the index for the second consecutive trading day. The fund holdings with the highest increase today were Dongfang Wealth, which increased by only 0.89% while increasing its volume to 768 million yuan, barely outperforming the GEM Index.
The performance of the remaining three stocks was even worse. Yinzhijie rose 0.05%, Xibu Securities fell 0.08%, and Wan'an Technology fell 0.86%.
"Dongfang's wealth has been sluggish due to heavy volume, so we still need to pay attention." After the after-hours meeting, Gu Junhao said to the three of them.