Chapter 222 The biggest drop in a single day (two in one)
Chapter 222 The biggest single-day drop (two-in-one)
Author: Ru Meng Ru Hua
Chapter 222 The biggest single-day drop (two-in-one)
"It's going to be a big drop today." Gu Junhao said while looking at the screen. Let's not mention the performance of individual stocks, but the unilateral downward trend of the ChiNext Index has not occurred for a long time.
"Should we buy the bottom today, boss?" Wang Ruoyu looked at Gu Junhao and asked.
"That's right, after waiting for so many days, this is the opportunity." Gu Junhao nodded and said, although Dongfang Fortune has now risen above the flat price, today's trend is irreversible.
The half hour of early trading was an opportunity for the short-term funds that bought yesterday's bottom to escape. Compared with Yin Zhijie and Tong Huashun's trend of selling immediately after the opening of the market, public funds are relatively kind.
At midday closing, the GEM Index closed at 1515.79 points, down 0.66%. In the morning, the GEM Index did not fall below the 1500-point integer mark. The Shanghai Composite Index fell as high as 0.84% in the morning, but rebounded at noon to 2340.95 points.
, up 0.08%.
Tonghuashun closed at 24.30 yuan, down 2.26%; Yinzhijie closed at 23.63 yuan, down 4.22%. Among several positions, his dropped the largest. Calculated at the flat price of 25.45 yuan in the two trading days, the return was close to
At 8%.
Dongfang Fortune reported at 13.75 yuan, up 1.33%. However, during the period of rising from a decrease of 0.8% to an increase of 1.33%, the trading volume was extremely sparse.
As the GEM index continues to slump, Gu Junhao believes that Dongfang Fortune may still fall in the afternoon. It will shrink when it rises and increase when it falls. This is the performance of Dongfang Fortune in the morning.
In the morning's trading, Gu Junhao underestimated Yin Zhijie's trading volume, but made timely adjustments. Xu Jianqing basically took back the chips he sold in the morning.
He didn't make any money, but he didn't lose any money either. In Gu Junhao's opinion, it was a good thing that he didn't lose his chips.
"It seems that in the future, stocks with a daily turnover of about 100 million yuan or less should be traded less." Gu Junhao also said to Xu Jianqing while having lunch.
Xu Jianqing loves trading. Under the influence of this love, he may sometimes ignore the trading volume of stocks. If you just buy tens of thousands or hundreds of thousands casually, the trading volume is not particularly important.
However, Gu Junhao will not allow this kind of thing to happen. Institutions are not retail investors. There is no need to do some meaningless and time-wasting things. The mission of institutions is to make money, not to enjoy trading.
Xu Jianqing also nodded quickly. To be honest, he was shocked by the morning's transaction. Among Junshi's No. 1 positions, Yin Zhijie is the top holding. The sharp drop in the holdings can easily affect the rookie's mood.
But for Gu Junhao, it doesn't matter. Yin Zhijie's adjustment in the past two trading days has been a bit drastic, but for a stock with sparse trading volume, it is actually a good thing.
The most desperate thing is to be afraid of an immeasurable downturn like what happened some time ago.
Today is only Tuesday, and the shock in the morning has already been so great. There are two new stocks to be purchased this Thursday, and Friday is the stock index delivery day. It seems that the trading this week is not calm. Today's market is for these
Reaction.
However, everything is just an excuse for the decline. Before the GEM plunged in the morning today, the Shanghai and Shenzhen stock markets had already shown a short-term peaking trend several trading days ago.
The performance of large financial institutions, which represent the weight, is poor, and the performance of Tong Huashun and Dongfang Fortune, which represent the recent profits of small and medium-sized enterprises, is also the same. There is also the practice of A-shares to pull steel, coal, oil and other sectors when they cannot pull.
All of this sends a peaking signal to investors. All accidents have their inevitability, and the same is true for the stock market.
After lunch, Xu Jianqing did not appear as energetic as before, but quietly ran to take a nap. Gu Junhao looked at Xu Jianqing walking away with some surprise, smiled and said to Wang Ruoyu and Liu Tingting: "This
The guy was scared this morning, haha.”
However, where did this come from? He had never seen it before when thousands of stocks fell to the limit. However, it is a good thing to have this kind of fear. Only by fearing the market can we grow. Gu Junhao himself has experienced this.
In the afternoon, trading continued. The ChiNext Index continued its unilateral downward trend, while the Shanghai Composite Index continued to fluctuate around 2339 points as in the morning, and the index remained in the red stage.
Dongfang Fortune opened below the opening price in the afternoon, and continued to decline just as Gu Junhao thought; however, compared to Tonghuashun's shareholders, Dongfang Fortune's holders are much happier.
At least, Dongfang Wealth is still in the red market. If you are really scared, you can still sell it at a profit within the day.
At 13:17, the Shanghai Composite Index reached around 2347 points again, and market sentiment seemed to be ignited again; however, just when everyone had no time to react, the index plunged sharply.
Sectors such as media and education, electronics, and machinery manufacturing fell rapidly. The automobile sector, which performed poorly in the morning, rapidly expanded its losses, with more than half of related stocks falling by more than 5%.
"Huh? Did you dive?" Gu Junhao said with a smile while looking at the green fonts flashing on the short line wizard on the big screen.
A large number of individual stocks are showing large sales. Yinzhijie also fell below the yellow moving average price of the day again, and the decline expanded to more than 5%. Dongfang Fortune's stock price returned to below 13.70 yuan again, at 13.65 yuan.
At 13:30, the Shanghai Composite Index turned green, the ChiNext Index returned to around 1500 points again, at 1505.30 points. Small and medium-sized stocks plunged seriously, and Dongfang Fortune also returned to flat prices.
"Be prepared, the big drop is coming." Gu Junhao said calmly to the three of them.
The daily high of the Shanghai Composite Index has not broken below the diving mark, and small and medium-sized enterprises have continued to plummet. Today's market is irreversible; and this is the opportunity that Gu Junhao has been waiting for for a long time.
The adjustment in the bull market has always been so intense, with a sudden plunge occurring in one day. This was not uncommon in 2015, and even in the middle and late stages, the adjustment could be completed directly during the session.
The more bullish the market, the more ferocious the market washout is; in the rising market for several consecutive days, the profit margin is quite heavy, and most investors have the mentality of settling for safety.
Once the market performs unsatisfactorily after many consecutive days of adjustment, it will cause a panic-like flight and lead to a negative trend of heavy volume.
The faster the price rises in the early stage, the more fierce the market crash will be. For example, today's Yin Zhijie trading market is very dangerous.
The decline has now expanded to more than 6%, giving the artificial intelligence a situation of falling to the limit today. How many of these investors can insist on holding shares?
As for investors who have just entered the market recently, they are even more at a loss at this moment.
Many people do not suffer much losses in a bear market. On the contrary, most of their losses are caused in a bull market.
At 13:45, the GEM Index fell below 1,500 points and was at 1,449.63 points, down 1.74%. Dongfang Fortune reported 13.42 yuan, setting a new intraday low.
The trading room seemed extremely quiet. Except for Gu Junhao who was able to remain calm, the other three people were breathing a little heavier. They had never seen such a brutal trend during the rise.
"Don't panic, this trend will happen frequently in the future." Gu Junhao looked at the nervous three people and said with a smile.
"Boss, why aren't you panicking at all? We should be at a loss today." Xu Jianqing looked at Gu Junhao and said, he also learned the word "lose money" from Gu Junhao.
Unknowingly, some of Gu Junhao's vocabulary, which was relatively advanced compared to today, had deeply affected the three of them.
"Don't care about the intraday trend, look more at the long-term trend." Gu Junhao said, and then asked Xu Jianqing to call up the trend of Yin Zhijie and analyzed it to the three of them: "Look at the trend of Yin Zhijie.
"From a daily perspective, Yin Zhijie's trend is still in a bullish trend. Although the stock price fell below the 5-day line, it did not break the 10-day line, right?"
Xu Jianqing nodded quickly, and the ten-day line price was close to Yin Zhijie's lower limit; then he called up Yin Zhijie's weekly trend under Gu Junhao's instructions.
Gu Junhao continued: "Looking at the weekly line, it has risen sharply for three consecutive weeks. Even if it falls sharply this week, it is just a normal correction, let alone the monthly line."
"Yin Zhijie's restructuring expectations are still there, and his performance reversal expectations are also there. As long as the expectations and the bullish trend have not changed, he is not in any danger."
Later, Gu Junhao said with some regret: "It's a pity that our position is too high, otherwise today would be a good opportunity, a good opportunity to add to the position."
At 14:00, the Shanghai and Shenzhen stock markets further expanded their declines, and the three major indexes continued to fall. Dongfang Fortune also continued to set new intraday lows. At 14:05, Dongfang Fortune reported 13.31 yuan, a drop of nearly 2%.
"The opportunity has come, Ruoyu, be prepared." Gu Junhao said with a smile. With the Shanghai Composite Index's continuous diving behavior, the 2:30 miracle will probably not come.
On the contrary, if the miracle at 2:30 does not come, it may be near the intraday low of the whole day during that time period. Without a miracle, it will collapse.
Time passed by second by second while waiting. At 14:17, Dongfang Fortune's trading market began to increase in volume, and the stock price also fell rapidly. Gu Junhao took a look at the GEM Index: 1490.75.
"Get ready to start, collect everything below 13.18 yuan." Although the buying price during a rapid decline may be higher than the closing price, and the cost of opening a position will increase a lot, the volume is large, and buying is much more convenient.
Based on the amount of existing funds, Dongfang Wealth’s buying volume is over 8,000 lots. For such a large order, the price for receiving the order must be higher than that of ordinary investors who would buy dozens or hundreds of lots.
At 13.22 minutes, the price of Dongfang Fortune fell from 13.22 yuan to 13.16 yuan. Wang Ruoyu officially started buying. The first order has been completed, 1398 lots, at a transaction price of 13.16 yuan.
One minute later, the GEM's decline expanded to 2.87%, and the Shanghai Composite Index fell below 2,300 points. Panic accelerated during the day. Countless stocks on the market fell rapidly, but Dongfang Fortune's stock price did not hit a new low again.
13.14 yuan was the low point of Dongfang Wealth during this period. Perhaps Wang Ruoyu’s large purchases also played a certain role in boosting the stock price.
At 14:30, when the three major indexes continued to expand their declines, Dongfang Wealth rose to the price of 13.29 yuan, and Wang Ruoyu also suspended buying.
The panicked decline of the two cities and the rebound and shrinking Dongfang's wealth were all seen by Gu Junhao.
"It's still going down in the last half hour. How much is left to buy?" Gu Junhao asked Wang Ruoyu.
"I bought more than 4,200 lots at a price of 13.16 yuan, and I still have about 6 million yuan left." Wang Ruoyu replied, Xu Jianqing has made a small profit in T-selling these days, and the amount of funds has also increased by hundreds of thousands of yuan.
"6 million, not much left, let's wait until the call auction is around before buying." Although Dongfang Fortune, which has risen to around 14.29 yuan, continues to correct, the transaction volume is still too small, and the amount just bought is already quite a lot.
.
Gu Junhao also did not want to arouse market vigilance when the trading volume was small; he could not underestimate the sense of big funds; this can be seen from the fact that Dongfang Fortune fell one step ahead of the GEM index.
At 14:45, Dongfang Fortune returned to the price of 13.19 yuan, the Shanghai Composite Index data remained volatile around 2290 points, and the decline of the GEM Index also tended to be stable.
At this time, the ChiNext Index, which was unilaterally downward throughout the day, and the Shanghai Composite Index, which plunged sharply in the afternoon, were considered to have stabilized.
At 14:56, Dongfang Fortune reported 13.07 yuan. The lowest price of the day was also created during the decline during this period, which was 13.02 yuan, just above the 13 yuan mark.
Gu Junhao asked Wang Ruoyu to put in all the funds and placed an order of 13.08 yuan without splitting the order.
At 15 o'clock, Dongfang Wealth's bidding showed that 12,016 lots were traded, and the stock price closed at 13.03 yuan. Wang Ruoyu's 4,600 lots were also successfully traded, and a total of 8,800 lots were bought from before the plunge at 2:30 p.m. to the closing price.
The average transaction price remained at 13.09 yuan, which was lower than Gu Junhao's expected purchase price. Gu Junhao seemed very satisfied with this price and the chips.
At this moment, in addition to Wan'an Technology, Junshi No. 1's three major positions held more than 10,000 lots of chips. Dongfang Fortune held 17,200 lots, Xibu Securities held 12,800 lots, and Yin Zhijie held 11,000 lots.
The position has also returned to the full position state. Although it is said that the trading mode must be adjusted and the full position operation will no longer be continued; however, with a sharp decline like today, the opportunity to adjust in place at one time is still relatively rare, and the full position must be operated when the position should be full.
Today, the two cities experienced heavy losses. The Shanghai Composite Index recorded a trading volume of 237.7 billion yuan, a 42-point decline, and a 1.82% decline, creating the largest single-day decline in the past six months. The trading volume of more than 200 billion yuan also shocked the two cities.
.
The GEM Index also fell heavily, with a trading volume of 49.89 billion yuan, down 3.47%. The Shanghai Composite Index broke through 2,300 points and reported at 2,296.55 points. The GEM Index broke through 1,500 points and reported at 1,473.13 points.
More than 2,100 stocks fell in the two cities, with many stocks falling more than 5%. Gu Junhao accounted for two positions, Tong Huashun fell 6.07%, and Yin Zhijie fell 7.17%.
The remaining three stocks also suffered significant declines. Dongfang Fortune fell by 3.98%, Xibu Securities fell by 3.11%, and Wan'an Technology also fell by 4.81%.
All four positions ended in a sharp decline, with an intraday net loss of 2.4178 million yuan, which also created the largest single-day loss since the establishment of Junshi No. 1. Even the 8,800 Dongfang Wealth that was the last bargain hunter suffered an intraday loss.
The drop in one day almost completely offset all the gains last week. Junshi No. 1 also returned to less than 70 million yuan with a total scale of 69.0846 million yuan.
This is the consequence of not reducing positions at high levels.
"Oh, today our fund lost one house in one day." After the market closed, Xu Jianqing exclaimed. After listening to the boss's advice, Xu Jianqing had been paying attention to houses recently and was also sensitive to housing prices.
"Yeah, the fall is indeed a bit severe. Fortunately today is not Friday, so there is no need to announce it, haha." Gu Junhao said nonchalantly. It was a profit anyway, and it's not like it can't be recovered.
However, today the three major indexes and most individual stocks are experiencing heavy volume. Even a stock like Wan'an Technology, which no one cares about, has a trading volume of more than 40 million yuan today.
The real Black Tuesday made investors on the market deeply feel the cruelty of the stock market, and also taught three new traders of Junshi Capital a deep lesson.
Of course, the reason for today's sharp decline in Junshi No. 1 is more due to Gu Junhao, and the index adjustments in June and July were also relatively large. However, due to the reduction of positions very early, and the overall size of the fund is not as high as it is now, the three of them cannot understand.
deep.
Today, as much as 85% of the positions have caught up with the sharp drop. Inadvertently, the three of them were taught a lesson by my big A, and I taught them how to behave.
"Okay, adjust as normal. Don't get downcast. Think about it from another angle. It's a good thing to adjust within a day." Seeing that the three of them were a little depressed, Gu Junhao also comforted them.
However, what Gu Junhao said is true. Today, the two markets fell below the 5-day line and the 10-day line in a row, and were infinitely close to the 20-day line. Before there was no major systemic risk in the market, they traded sideways near the 20-day line for several trading days.
I believe the two cities can get back on their feet again.
Today's adjustment far exceeded Gu Junhao's expectations, but this exceeded expectation is a good expectation and much better than those adjustments that continued to decline. The only pity is that there is no chance to buy back Tonghuashun.
However, Tong Huashun has fallen below the big positive line on August 22, and the breaking trend has officially formed. As the volume is not obvious today, it is still necessary to adjust in the short term, so there is no need to rush to buy.
Changyang has broken, and seeking new support points downwards is what every stock that adjusts to a high level must go through, and Tong Huashun is no exception. In Gu Junhao's view, the next support point may be the position where the last round started.
After get off work, Gu Junhao returned home. Today's sharp drop did not affect Gu Junhao's mood, which was still the same as usual. However, after Gu Junhao finished dinner, he sat down in front of the computer again.
When Gu Junhao picked up his mobile phone to check the information, he saw Wang Ruoyu Aite's own message among the four people in the fund business department: "Boss, Dongfang Fortune has suspended trading."
"Suspended? What the hell?" Seeing this news, Gu Junhao was a little surprised. He did not open the link sent by Wang Ruoyu on his mobile phone, but turned on his computer to check Dongfang Fortune's today's announcement.
Opening the stock column of Dongfang Fortune, a new announcement appeared in the announcement area. Dongfang Fortune is planning equity incentive matters. After applying to the Shenzhen Stock Exchange, the company's stocks opened on the morning of September 17, 2014 (Wednesday).
Start and stop trading.
"Trading is suspended for such a stupid thing? Is this intentional?" Gu Junhao said speechlessly. He had known about Dongfang Fortune's equity incentives before, but based on the thinking of future generations, Gu Junhao did not think of suspending trading.
Article 2 of the Principles for the Suspension and Resumption of Trading of Listed Companies’ Stocks stipulates that listed companies should prudently suspend trading and adopt the principle of no trading suspension, short-term trading suspension, and intermittent trading suspension.
Although equity incentives can be considered a major matter for listed companies, they do not require a trading suspension. Such a trading suspension that does not involve major asset restructuring and operating changes is completely unnecessary.
"Are you afraid that the chips will be scattered due to the continuous decline? Or are you afraid that retail investors will buy too much at the bottom?" Gu Junhao couldn't help but think, it is not unusual in this era for listed companies to use announcements to cooperate with main funds.
Fortunately, I didn't hesitate today. I bought it in the late trading. It's better to stay inside than wait outside. This kind of suspension of trading, which is not a big deal, shouldn't last long. The fastest is a day or two, and the slowest is next week.
It can be released.
However, Dongfang Fortune's trading suspension was a reminder to Gu Junhao. According to the specific response time given by Yin Zhijie to the China Securities Regulatory Commission, the response should be from the 25th to the end of this month.
Dongfang Wealth has used the trading suspension rules to do this. Yinzhijie, a stock that involves major asset restructuring, will definitely use the trading suspension rules and the sharp decline in the Shanghai and Shenzhen stock market indexes to wash out the market.
Looking at the trend of Yin Zhijie's two negative lines, Gu Junhao was thoughtful and seemed to understand why Yin Zhijie had been washing dishes so fiercely in the past two days.
"If nothing else happens, Yin Zhijie will also be suspended within this week."
Turning off the computer, Gu Junhao muttered to himself. When he thought about the continuous suspension of trading in several stocks he held within a week, Gu Junhao also laughed. There was also Xibe Securities behind him, and he didn't know if he would continue to suspend trading.
The stock market in 2014 was so interesting when rules and supervision were not strict.
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