Xu Jianqing's familiarity with Yin Zhijie is also very high; after rising high, it will naturally fall back, and then it will fluctuate at a high level, not to mention that the boss has already given instructions not to move arbitrarily today.
Just like the previous trading days, Yinzhijie fell back after rising high, and after briefly adjusting to a flat price, today's volatile market began.
Since entering September, the trend of Yin Zhijie has also made Xu Jianqing lament that the adjustment seemed so easy before the rise.
Without spending much money, retail investors can participate spontaneously under the influence of emotions.
Rather than saying that the main funds are driving this round of Yin Zhijie's rising market, it is better to say that the main funds are encouraging retail investors to spontaneously participate in the trend.
"Boss, do you think that in the future, when the scale of our fund becomes larger, we can also find a small and medium-cap stock with better expectations and control the market like Yin Zhijie?"
According to the current pace of Yin Zhijie, it is inevitable that the assets will exceed 70 million within this week, even if the other three positions remain in decline.
Because so far, Yin Zhijie's increase this week has been close to 10%. As long as the other three positions do not fall too sharply, the fund will still have positive returns.
Besides, cash plus Yin Zhijie's current market value already exceeds half of the total size of the fund. Under such a situation where the three holdings have corrected and can maintain positive returns, Xu Jianqing feels that the total size exceeds 100 million.
Sooner or later.
Xu Jianqing's nonsensical thoughts amused the three people in the operation room. Gu Junhao did not answer Xu Jianqing's words, but smiled and shook his head.
In Gu Junhao's view, when the funds reach a certain scale, the best way is not to control a stock of small and medium-sized enterprises and operate it yourself. This is too tiring.
In terms of income, it may not be that good. You must know that trading a stock, even one with a small number of circulating shares, is still quite difficult.
In addition to the cooperation of listed companies in announcements, it also takes a lot of time to collect chips. Once enough chips are obtained, daily maintenance work must be carried out.
Admittedly, when the funds reach a certain level, it will definitely not be as hidden as it is now, but there is no need to operate in this way. It is possible to enter some large-cap stocks where public funds are concentrated, or to operate in multiple varieties.
You can do things that affect the short-term trend of stocks; but if you want to control a stock, try not to get involved in such things. Risks and returns cannot be directly proportional.
Moreover, Junshi Capital currently does not have that kind of scale and volume. Even if the total scale exceeds 100 million, it is still somewhat insufficient.
Time unknowingly came to the midday close. Yinzhijie, which fluctuated at a high level, finally closed at 22.32 yuan, up 2.01%.
The indexes of the Shanghai and Shenzhen Stock Exchanges have slowly fallen back after rising higher in the morning. The Shanghai Composite Index fell nearly 17 points to 2329.07 points, an increase of 0.46%. In terms of trading volume, it was not much larger than yesterday.
few.
The GEM Index, after reaching a high of 1532.31 in the morning, also slowly fell back to 1523.86 points, an increase of 1.26%. Compared with the Shanghai Composite Index, the decline was much smaller.
"Looking at the situation today, it shouldn't be a problem for the GEM to exceed 40 billion yuan. I just don't know if the Shanghai Stock Exchange can exceed 200 billion yuan in trading volume."
While the three of them were preparing lunch, Gu Junhao stared at the index and thought. In Gu Junhao's view, if the index has risen to where it is today, if the trading volume cannot exceed 200 billion, everything will still seem meaningless.
Although the trading volume this morning has improved significantly compared with yesterday, it seems that it still cannot keep up; if it cannot keep up, it can only be stagnation due to heavy volume.
Although the media and pundits often read bullishly without thinking in order to gain more traffic, there is still some truth to what they say occasionally.
"Boss, I'm here for dinner. I'll see you in the afternoon." Xu Jianqing shouted to Gu Junhao in the living room of the trading room.
Every working day in the trading room, the four of them dine together, and the takeaways ordered are delivered to the door of the trading room through Li Xinyu, which is a bit troublesome, but it can be regarded as trying to avoid contact with the outside world during trading.
Many people don't understand that a small private equity company is so careful in keeping confidentiality of related-party transactions, but Gu Junhao feels that it is safe.
Especially after knowing Xu's fate, Gu Junhao felt that he should be more careful, even though his network of contacts was being established step by step.
But compared to Xu, who has been involved in the stock market for decades, Gu Junhao's personal network resources are not enough.
If anything were to be discovered, the sewing machine would have been turned on earlier.
In the afternoon, trading continued. Although I had decided not to participate in trading early this morning, I still had to continue watching the market.
The trading volume of the steel sector, which had moved up after adjustments in the morning, could not be maintained and fell rapidly after the opening in the afternoon. In fact, there were signs of this before the market closed at noon.
The Shanghai Composite Index also accelerated its decline in the afternoon. At 13:14, the index turned green again. The GEM was also affected by this, falling sharply by nearly 10 points.
"Fortunately, we didn't pull in two barrels of oil to protect the market today, otherwise it might have caused panic." Gu Junhao said with a smile, looking at the Shanghai Composite Index that turned green again.
There were already signs of a correction in steel in the morning, and the index rose well. If this situation is maintained, the Shanghai Composite Index, which opened low and moved high, may not reach a new high, but it should not fall back so obviously.
"Are you a little too anxious?" Xu Jianqing also asked. The energy itself could not continue, and it forced the index to rise.
"Not necessarily, maybe the funds in the steel sector are eager to ship goods." Wang Ruoyu replied.
It has been rising for so many days. Seeing that the index is difficult to maintain, it is understandable to be eager to ship.
To pull up the steel sector, which can drive the index, the amount of funds required is still quite large, and a major adjustment will cause huge losses.
The rise and fall of the steel sector, the continued downturn in the three major financial sectors, and the rapid plunge of the Shanghai and Shenzhen stock indexes also affected small and medium-sized enterprises, and the stocks held by Junshi No. 1 remained in a state of rapid decline.
Dongfang Wealth, which remained low and fluctuated in the morning, further expanded its decline to more than 2%.
Even Yinzhijie, the index's counterweight, turned green again during this period, with its stock price at 23.69 yuan.
At 13:18, the two markets that continued to fall rebounded slightly, and Yinzhijie was immediately pulled back from 23.50 yuan to 23.70 yuan.
In this round of correction, the lowest price was reported at 23.50 yuan. This price was also the intensive transaction area in the morning. In Gu Junhao's view, Yin Zhijie should not have had this correction.
However, the rapid plunge of the index will still have a great impact on individual stocks.
In a round of diving that lasted less than 20 minutes in the afternoon, the ChiNext Index fell nearly 1%, which is not a small amount.
Being in a whirlpool, it is difficult to stay alone, and the same is true for Yin Zhijie.
Yin Zhijie also had a large buy order above the price of 23.50 yuan. For the first time in several trading days, a thousand-hand level buy order appeared, which seems to be true.
As a contrarian, he naturally has to act a little special, and it is very reasonable to place large orders to buy the bottom when the market falls.
At 13:28, the Shanghai Composite Index, which rebounded to the red plate, began to dive again, and continued to fall to the green plate state 2 minutes later. The ChiNext Index trading volume was also difficult to maintain, and it continued to start a downward shock pattern.
Ten minutes later, the ChiNext Index turned green. At this point, the three major indexes also turned green, which was consistent with the strong rise in the morning. In the afternoon, the situation in the Shanghai and Shenzhen stock markets suddenly changed.
Dongfang Wealth's decline in this round was particularly obvious. By this time, the decline had expanded to more than 4%. Within one day, the stock price broke the five-day moving average and the ten-day moving average.
In the trading volume in the afternoon, Dongfang Wealth increased its volume significantly, showing a downward trend due to heavy volume.
Dongfang's wealth has plummeted so much, but Gu Junhao still has no expression.
Although there was a plan to buy the bottom on the 10-day line before, today is not a good time. The afternoon dive and Dongfang Wealth's heavy volume make it impossible for me to hold on to the small amount of funds in my hand.
"Don't be anxious during the trading session. The trading volume in half an hour is too large. Let's see how much volume he released today at the closing market before we make a decision." Gu Junhao said to Wang Ruoyu.
Plans can never keep up with changes. If there is no heavy volume in the afternoon decline, Gu Junhao may buy bottoms near the 10-day line, but currently there is too much heavy volume, and Dongfang Wealth is crowded with institutions.
Once a stock with a large number of institutions drops in volume, it is easy to cause a stampede. If the ten-day line cannot be held, then it must wait until the next support point.
Yinzhijie's price fluctuates around 23.70 yuan as always. Although the stock price will turn green from time to time, compared with the index's plunge, it has begun to gradually stabilize.
Sure enough, today was his best performance. Most stocks in the two cities plunged along with the index, but Yin Zhijie entered a sideways trading state.
The sharp rise in the market in the morning had nothing to do with Gu Junhao, while the plunge in the afternoon followed Dongfang Wealth, and other holdings showed little correlation with the broader market.
Tong Huashun is still in the red market, and the amplitude throughout the day is also very small. The same is true for Xibu Securities and Wan'an Technology. Although these two stocks are in a downward trend, the decline is not too large.
Gu Junhao is also quite satisfied with this performance. It is inevitable that individual stocks will be affected if they dive from a high level, as long as the decline is not large.
Gu Junhao prefers stocks that can trend stably when they dive at high levels.
However, today's Dongfang Wealth is obviously an exception. Dongfang Wealth has been in a state of stagflation during this round of rising prices, and the signs of adjustment are already obvious.
Compared with other sudden adjustments in other stocks, Dongfang Wealth has given ordinary investors enough time to withdraw from high levels, and today's decline is just a continuation of the adjustment.
Relatively speaking, the main funds are already very kind. No matter it is trading volume, turnover rate or K-line trend, these cannot deceive people.
At two o'clock in the afternoon, the Shanghai Composite Index still showed no signs of recovery, and the ChiNext Index, which had plunged from a high level in this round, never fell below 1,500 points, showing a strong performance.
The strong GEM has attracted funds flowing out from the Shanghai stock market, and the trading volume of Yinzhijie's trading market has also shrunk to the intraday limit, and everything is moving in the direction of market changes.
At 14:15, Yinzhijiela rose to the price of 23.80 yuan, and began to gradually leave the shock area, rising upward, and the trend gradually strengthened.
At 14:30, Yinzhijie broke through the integer mark of 24 yuan. Led by a purchase order of 541 lots, there was another round of intensive buying. Yinzhijie quoted a price of 24.30 yuan.
"It's starting to move, boss." Looking at Yin Zhijie's rise, Xu Jianqing said with a smile. Since September, Yin Zhijie has been the well-deserved leader of fund holdings.
The stock market was active, the amplitude was huge, and the trading volume was steadily within a considerable range; Xu Jianqing got a lot of trading opportunities, and Xu Jianqing was much happier than before.
"Well, although it rose in late trading, the trend is still in line with expectations. You can continue to do T starting tomorrow." Gu Junhao said with a smile.
However, this time, there were no other funds that could provide Xu Jianqing with the opportunity to buy first and then sell, because the funds in the capital account were needed to prepare for the bottom of Dong Zhu's wealth.
If you want to complete your intraday trading plan, you can only rely on Xu Jianqing himself.
Yinzhijie, which rose in late trading, did not increase its volume, but showed a shrinking posture. However, the stock price continued to rise. By the time it closed at three o'clock in the afternoon, Yinzhijie closed at the highest point of the day at 24.85 yuan, up 4.85%.
Only a little over 80 million yuan of Yin Zhijie was traded during the day, with both transaction volume and turnover rate hitting recent lows. However, since the first of this month, Yin Zhijie’s increase has reached 32.89%, which is quite exaggerated.
Already.
The Shanghai Composite Index plunged in the afternoon and finally closed at 2311.68 points, a decrease of 0.29%. It had a very long upper shadow line and a negative line. Today's trading volume failed to exceed 200 billion yuan, and in the end it was only 197.2 billion yuan.
After all, the Shanghai Composite Index failed to achieve a reversal on Thursday, and its three consecutive negative trends were in sharp contrast to last week's consecutive positive trend.
However, although the GEM Index also had a long upper shadow line today, it still maintained an increase of 0.54% at 1513.01 points.
The GEM Index's daily turnover was 48.1 billion yuan, and the K-line has been positive for three consecutive times.
The biggest loss of Junshi No. 1 today was undoubtedly Dongfang Fortune. Dongfang Fortune continued to fall after diving in the afternoon, closing at 13.63 yuan, a sharp drop of 3.74%.
Although it barely stayed above the 10-day moving average today, more than 500 million yuan of the 828 million yuan trading volume was released during the afternoon dive.
In response to this situation, Gu Junhao naturally changed his previous trading plan, and Dongfang Fortune continued to seek the next support point, which was the 20-day line.
It is common for stocks with a large number of public offering institutions to adjust within a month, but money should still be prepared at all times to prevent unexpected situations.
Today's sharp drop in Dongfang's wealth has also had some impact on Junshi No. 1. Although Yin Zhijie has risen sharply, in the end today's income failed to reach more than 1%.
But even so, Junshi No. 1 still outperforms the Shanghai and Shenzhen stock markets, that is, there is no need to announce the fund's net value in real time, otherwise the rate of return will still outperform most funds in the two cities.
Today's sharp decline in Dongfang's wealth also made Xu Jianqing and the others extremely impressed by their boss' position adjustment. The boss seemed to have a magical power and could always avoid risks in time before they came.
And what's even more peculiar is that although the two cities performed poorly today, the boss's Tonghuashun can still achieve a rise. However, the boss seems to be a little unhappy with the rise of Tonghuashun.
Contrary to what Xu Jianqing imagined, Gu Junhao was not unhappy with Tong Huashun's rise today, but he just had some understanding of his own.
As of today, Tonghuashun has been adjusted for 12 trading days. During these 12 trading days, Tonghuashun's stock price has always fluctuated within the big negative line on August 25.
In terms of trading volume, it has never been able to break through the volume energy of that day. Looking at the trend during this period, every time Tonghuashun has a positive line, although the volume energy is in a state of heavy volume.
However, compared with the previous positive line, the strength has been weakened. The last positive line was still able to rise by 5 points, but today it is only less than one point.
"The index is high, and Tong Huashun's rise today may not be a good thing." Gu Junhao thought to himself, instead of rising, it would be better to plummet like Dongfang Fortune.
In this case, the adjustment time may be shortened, but according to today's trend, it seems a bit impossible for Tong Huashun to complete the adjustment in a short time.
This is why Gu Junhao frowned when he saw Tonghuashun's forced red turn in late trading today. Today is not so much a rise as it is a watershed for Tonghuashun's adjustment.
The Shanghai and Shenzhen stock markets are in urgent need of adjustment, and the same is true for Tong Huashun. Based on the negative trading volume, Gu Junhao feels that today is more like a relay of decline.
It seems that Tonghuashun still needs a long period of time to adjust, and the longer the adjustment time is, the longer the 9.53 million yuan of funds that he previously reduced his position will remain vacant.
Nearly 10 million yuan of funds have been vacant in securities accounts, which is harmful to the utilization rate of funds.
But at present, it seems that this fund can only lie quietly in the account and cannot be used for other purposes, although I expect that Tonghuashun will have a long-term adjustment.
But if you make a mistake in your judgment, or even if you make a correct judgment, you cannot determine the specific time of this adjustment cycle, then the funds will not be able to be withdrawn, which will be more troublesome.
However, in the final analysis, it is still based on the entanglement of fund utilization. If it were just a simple view of adjustment, Gu Junhao would not be like this.
Nearly tens of millions of funds have been vacant. Compared with the previous hundreds of thousands, the mentality is naturally different; of course, if you have hundreds of millions, you don't need to care about this.
But it's not impossible. However, at present, Gu Junhao has no other better way besides passive acceptance. As for short-term trading, Gu Junhao has never thought about it.
Since you have chosen to follow the main players in the field and eat meat and drink soup behind them, you can only accept their understanding of the trend and adjustment cycle.
Helpless, Gu Junhao looked at the time. It was five o'clock, and then he said to the three of them: "If you have nothing to do, just get off work early. I'll leave first."
When Gu Junhao returned to the office, he no longer had the entanglement he had just now. Gu Junhao's style of dealing with problems has always been to consider the worst possible outcome. This was natural after he figured it out.
However, it was not a happy thing after all, and Gu Junhao was not smiling as usual, which made the assistant look a little uneasy.
"Um, boss." Li Xinyu looked at Gu Junhao and hesitated to speak. Why did the boss feel unhappy today?
After taking a look at Li Xinyu's expression, Gu Junhao seemed to realize that his unsmiling self seemed to scare her. It wasn't a big deal, there was no need for it to be like this.
Immediately, Gu Junhao asked with a smile: "What's wrong? What's the matter?"
Seeing this, Li Xinyu also felt relieved and said to Gu Junhao: "I just received another invitation from a colleague, which was sent by the Shanghai Stock Exchange."
Li Xinyu knew a little bit about her boss's dislike of participating in these peer gatherings. The last time colleagues from Yongcheng invited her, her boss simply refused. This time it was from Shanghai.
However, it would definitely be impossible not to report this kind of thing, and Li Xinyu would not just treat it like he didn't see it.
"Shanghai Stock Exchange? Why did you invite me?" Gu Junhao said with some confusion. Has his popularity reached this point? But even so, Junshi Capital's size is not that big, right?
"Yes, it's an invitation letter from a peer called Henghua Investment on the Shanghai Stock Exchange." Li Xinyu said, handing over the invitation letter in his hand.
"Let me take a look." Gu Junhao accepted the invitation with slight interest. This was the first time he received an invitation from a colleague outside of Yongcheng.
Henghua Investment should be the private equity investment company where Henghua No. 1 Fund is located, which has always been ranked second on the list, right?
Looking at the invitation in his hand, he saw that it was not as exaggerated as the last one. It looked very simple in appearance. This style could arouse Gu Junhao's favor even if he didn't read the content inside.
Gu Junhao has always been respectful of some more exaggerated things, and is concise and clear, which is his favorite style, from dressing to office decoration and personal residence.
When you open the invitation letter, the content inside is also simple and clear. In addition to the formal invitation, it also briefly explains the specific content of the exchange meeting and points out that people from the Fund Industry Association will participate.
The signature at the end of the invitation letter was Wang Chao, who was the fund manager of Henghua No. 1. Gu Junhao was naturally familiar with Henghua No. 1, who had been pulled down by him.
But even so, Henghua No. 1 has always been able to maintain its second place, and the net value of the fund has been rising steadily, which is enough to illustrate Wang Chao's actual trading level.
The time is September 13th and 14th, that is, this Saturday and Sunday, which is in line with the habit of fund practitioners holding meetings on weekends.
After thinking for a while, Gu Junhao handed the invitation letter back to Li Xinyu and said: "Reply them according to the contact information above and say that I will attend on time."
I just received the invitation letter today. Although I am a little pressed for time, I don't plan to make a speech. I just want to see it, so there is no need to prepare too much.
Since I have been invited by colleagues from outside Yongcheng, it is time to go out and have a look. In addition, Shanghai City is not very far from Yongcheng, and it is not a long journey.
Later, Gu Junhao said to Li Xinyu: "Do you have time on the weekend? Come with me if you have time."
It is normal behavior to bring an assistant to this kind of meeting, but Gu Junhao still has to respect Li Xinyu's time schedule. After all, today is already Thursday.
Girls should arrange weekend dates in advance. Whether they are admirers or best friends, if Li Xinyu doesn't have time, then she can bring Xu Jianqing's single dog.
It is acceptable for Xu Jianqing, who is very capable of adapting to the wind, to pretend to be an assistant temporarily.