The Shanghai and Shenzhen stock markets entered this Thursday's trading with a downward trend for two consecutive trading days, entering another Thursday cycle.
After arriving at the company in the morning, Gu Junhao went to the trading room to explain to Xu Jianqing and Wang Ruoyu.
"If possible, you two, try your best to collect all your chips in the remaining two trading days this week. The market should be about to change."
The special trading mechanism of A-shares often results in a good trend in the first half of the month and a downward correction in the second half of the month.
Gu Junhao was also very accustomed to this rhythm in his previous life. He would open positions at the beginning of each month, and when the price rose in the middle of the month, he would start to reduce his position when it reached the level he expected.
The success rate of such a swing operation is relatively high. The market trend in October this year has its own particularities due to the convening of the conference and the holidays.
However, this week's continuous correction is also close to the end of the month, which is also in line with Gu Junhao's habit of opening positions at the end of the month.
The adjustment of the GEM is often more intense and faster than that of the Shanghai Composite Index, so all chips should be collected a few trading days in advance.
When the trading volume is sufficient, bear a certain retracement and exchange time for space. This is Gu Junhao's strategy for holding positions in two GEM constituent stocks.
The same is true for Tonghuashun in his personal account. Tonghuashun has been bargain hunting for a few days. According to yesterday's closing price, it is in a state of floating loss.
After explaining these two people, Gu Junhao said to Liu Tingting: "Tingting, you decide based on the situation. If it falls sharply, you don't have to wait to fill the gap."
Xibe Securities, which has been adjusted for fourteen trading days, is gradually showing signs of weakness; its high point is gradually moving downwards.
Since entering this week, in the three trading days, the amplitude of Xibu Securities has remained within a relatively small range, and the trading volume has also shrunk step by step.
In Gu Junhao's view, the market's correction, performance changes, and Xibe Securities' gradually showing signs of weakness cannot rule out the possibility of a sharp decline.
As a bellwether for the bull market, if the brokerage sector, which has surged recently, experiences a sharp correction, this should be the last straw that breaks the back of ordinary investors.
Countless ordinary investors, under the sharp decline of major financial institutions led by securities firms, panicked and exited the market.
"Okay, no problem. If it doesn't plummet, I won't trade. If it plummets, I'll take back the original chips." Liu Tingting said with a smile.
Since Xibu Securities fluctuated at a high level, Liu Tingting has returned to that period of time with only a handful of transactions.
In the three trading days this week, there was no transaction even once. The amplitude and stock price of Xibe Securities did not fluctuate much.
"That's it, I'll leave the rest to you."
Seeing that there was nothing else to do, after the explanation, Gu Junhao left the trading room, not just Yin Zhijie and Dongfang Fortune.
Tonghua Shun Gu Junhao also hopes to complete the collection of chips within this week, which is equally difficult.
Regarding Tong Huashun's bargain hunting this time, Gu Junhao did not plan to add all the funds into the position, but only took back the 3,500 chips that were originally used to reduce the position.
There are two trading days left this week, and I hope to complete the remaining 2,000 positions.
"Eh? Boss, why are you back?" Li Xinyu, who was a little surprised when she saw Gu Junhao coming back, couldn't help but ask.
"I didn't plan to be in the trading room. What's wrong? Isn't it convenient for me to fish for you?"
"That's not true. You dare to fish just as much as I do. I just thought you were going to be in the trading room today."
"You're not shy. You don't have to worry about me deducting your salary if you say this."
"Hey, boss, you can't do that."
The boss can liberate himself from the trading room, which is a happy thing for assistant Li Xinyu.
This means that for many things, there is no need to wait until the transaction is completed before asking for instructions. Gu Junhao can give instructions directly.
It greatly improved Li Xinyu's work efficiency. In the past three days, Li Xinyu was able to get off work early without waiting for Gu Junhao to come out of the trading room.
On days when the boss is in the trading room, colleagues in the company get off work at half past five, but Li Xinyu often has to wait until after six o'clock to get off work.
Tonghuashun, which has continued to decline during collective bidding, has a sluggish performance and still has no desire to make a transaction, and the funds for bidding are very scarce.
During the fifteen-minute bidding period, Tonghuashun matched less than 100 lots of transactions, and the opening price was finally set at 22.45 yuan, a low of 0.06 yuan.
The Shanghai and Shenzhen stock market indexes also continued to open lower, with the Shanghai Composite Index opening at 2323.22 points and the ChiNext Index at 1500.55 points.
"We have reached the pressure point. It looks quite dangerous." Gu Junhao stared at the index and said.
2300 points, 1500 points, which are important points since this round of rebound, when the Shanghai Composite Index failed to break through 2400 points and the GEM failed to set a new high in the new year.
The round number after the correction is extremely critical. If it falls below the round number, it is easy for investors to think of several large corrections at the beginning of the year.
Judging from the adjustment speed, the ChiNext Index is obviously one step faster than the Shanghai Composite Index. For the listing to fall below 2,300 points today, it needs a decline of more than 1.2%.
But considering that it has fallen for two days in a row this week, coupled with the Thursday effect, a big drop is not impossible.
Although the daily trend of the two cities looks very ugly; however, in Gu Junhao's view, today is different from the past. The Shanghai and Shenzhen markets have completely begun to bullish whether it is at the weekly or monthly level.
Think of the index as an individual stock. When the trend reverses and goes bullish, and when expectations and policies remain unchanged, a large-scale correction is a good time to re-enter the market.
At 9:30, trading officially started, and the ChiNext Index took the lead to break through 1,500 points, reporting at 1,499.35 points.
Tonghuashun's decline was like the index, rapidly expanding to 0.84%. Then when the index entered sideways fluctuations, Tonghuashun still fell first.
At 9:40, Tonghua reported a profit of 22.15 yuan, down 1.60%. After the GEM index returned to above 1,500 points, it maintained a very low shock range.
"Haha, today should be a good opportunity." Gu Junhao said while looking at Tong Huashun's time-sharing chart.
Judging from the time-sharing chart, Tong Huashun can almost certainly see a unilateral downward trend today, which is indeed a great opportunity for Gu Junhao who wants to collect a large amount of chips.
Yesterday's shrinkage reached the limit, coupled with today's unilateral decline, Tong Huashun is almost certain that his turning point has arrived.
After a sharp rise, there was a continuous correction for more than a month, extreme shrinkage, unilateral decline, and announcements that coincided with a substantial increase in performance.
All this, coupled with the propaganda of the navy, can induce retail investors and people who are trapped in high positions to interpret it as all the good things are good and bad things are bad.
Judging from the timeline, this round of market washing by the main funds appears to be extremely patient. It took almost two months from the beginning of September to the end of October.
The index has experienced a sharp rise, and Tonghuashun’s position holders have missed almost all of the gains. However, with the index’s continuous correction, Tonghuashun has accelerated its downward trend.
At this moment, there are not many ordinary investors who, like Gu Junhao, feel that Tong Hua Shun here is a bargain-hunting opportunity.
After all, it has been almost two months since the adjustment. Calculated from the bottom, Tonghuashun's increase still remains at about 80%, which can be regarded as an absolute high.
But for Gu Junhao, who has reduced his position at a high level, this is an opportunity; in fact, today's trend is also an opportunity for those who want to open new positions.
Not to mention Tonghuashun's expectations, after two consecutive months of adjustments, the volume has shrunk to the point where it can no longer be reduced, and Tonghuashun also needs a short-term rebound.
Assuming that Tonghuashun's stock price stops at the ex-rights price and adjusts to shrinkage and decline for two consecutive months, the chips left in the hands of funds on the market will not be many, but they will not be too few either.
At this time, it is already inappropriate to use the shipping method of heavy volume decline, and a rebound after an oversold market is the best way to ship.
By raising shipments to a certain stage, you can not only increase your profits, but also make shipments smoother.
However, for small funds, in a unilateral downward trend, it is safer to buy the bottom in the late trading than to grab the decline in the middle of the day.
Once the bargain hunting fails, the next day's trading can be quickly sold in the early trading, so that the stop loss range can be kept to a minimum.
At 9:45, the Shanghai and Shenzhen stock markets ended their 15-minute sideways swing in the morning and turned downward, with the ChiNext Index falling below 1,500 points again.
Five minutes later, the GEM index was at 1490.92 points, with a decline of nearly 1%, and the two cities began to accelerate their decline.
"Today it fell earlier than in the past few days. It's going to be a panic market."
At this time, Gu Junhao had already placed the order and was leaning on his chair staring at the time-sharing charts of the Shanghai and Shenzhen stock markets.
Tong Huashun stopped after falling to 22 yuan at 9:53 in the morning, but Gu Junhao believed that 22 yuan would definitely break today, and all the chips for pending orders were concentrated at prices below 22 yuan.
At every 0.1 yuan interval, a relatively large order was placed, and the remaining orders were divided into small orders. This order placement method was maintained until Tonghuashun fell by around 6%.
At 10:21, the Shanghai Composite Index reported 2312.81 points, an intraday drop of more than 0.5%, and the ChiNext Index has fallen to around 1483 points.
The indispensable weight protection in the decline came on time, and it was still the brokerage sector. The brokerage sector, which has been in a downturn this week, launched a protective action on Thursday.
The protection of the market by brokerages only delayed the downward trend of the index and did not form a resonance in the two cities.
On the contrary, the funds on the market are taking advantage of the period of brokerage protection to further accelerate the outflow. Tong Huashun's stock price has plummeted to 21.80 yuan, and the real-time decline has expanded to 3.15%.
"This order is a bit conservative. I didn't expect it to fall so fast, haha." Gu Junhao said with a happy smile.
Tonghuashun, which fell below the price of 22 yuan, had two relatively large volumes, namely 681 lots and 490 lots.
Due to the early placement of orders and the price advantage, most of them were taken by Gu Junhao. As a result, the probability of completing the position opening within today is much higher.
The outflow of funds from the market accelerated, and the decline of small and medium-sized startup stocks accelerated. Apart from the partial market price of sub-IPO stocks in the Shanghai and Shenzhen stock markets, only securities firms were left struggling to support them.
Due to the strong weight of the GEM and the accelerated outflow of funds, the GEM index has gradually shown a downward trend.
As of midday closing, the ChiNext Index closed at 1,481.02 points, hitting an intraday low with a drop of 1.56%, while the Shanghai Composite Index remained near 2,310 points.
Tong Huashun hit a low of 21.50 yuan in the morning, falling 4.49%, and finally closed at 21.62 yuan at noon.
In the morning, Tonghuashun's final decline was fixed at 3.95%, and in terms of trading volume, it was close to yesterday's full-day trading volume in the morning.
In the afternoon, brokerages were unable to hold on, and the Shanghai Composite Index eventually continued to plummet, while the ChiNext Index's decline in the afternoon actually slowed down.
The index fell as low as 1474.07 points. Compared with the nearly 20-point drop in the morning, the entrepreneurship index showed signs of stopping its decline.
This is also reflected in Tong Huashun. Tong Huashun's lowest price was 21.39 yuan in the afternoon, and the stock price did not fall below 5%.
Subsequently, the price remained fluctuating between 21.40 yuan and 21.60 yuan, and Gu Junhao also withdrew his buy orders below 21.40 yuan since then.
There were very few chips left to collect, and there was no need to place any more orders, so Gu Junhao simply kept buying at the real-time transaction price.
At the end of the day's trading, the Shanghai and Shenzhen stock markets ushered in Black Thursday. The Shanghai Composite Index fell 1.04%, and the index stopped at 2303.28 points.
The ChiNext Index fell 1.78% to 1,477.84 points. Although the trading volume in the two cities rebounded from the previous trading day, they both remained at recent low levels.
Even with such a sharp drop, the volume has not increased. The end of this round of adjustment, and the bottoming out of the Shanghai and Shenzhen stock markets is just around the corner.
Tonghuashun increased its volume slightly today, with a transaction volume of 49.1 million yuan, closing at a price of 21.49 yuan, a decrease of 4.53%.
Today's small-scale increase in trading volume allowed Gu Junhao to successfully collect 2,000 hands of chips at an average price of 21.60 yuan.
The purchase volume of 4.32 million was already close to 9% of the intraday transaction volume, but Gu Junhao no longer cared about this.
Judging from the pending orders, there is almost no trace of my pending orders in the morning. In the afternoon, I bought based on real-time transactions, and there were many purchases in several lots.
Apart from knowing that there was a sum of over one million dollars to buy the bottom, the main market control players seemed to have nowhere else to check.
In four trading days, 3,500 lots of purchases were made, with an average price cost of 21.85 yuan and a capital expenditure of 7.6475 million yuan.
The average inflow per exchange day does not exceed 2 million yuan, and it is unlikely that the main players in the market will take risks and violate regulations for these 2 million yuan.
At the close of trading on October 23, 2014, Gu Junhao’s personal account Tonghuashun chips returned to 15,500 hands after nearly two months.
With the remaining 1.8825 million yuan, Gu Junhao does not intend to buy any more related chips. In fact, since Xu Jianqing bought Zhongguo CSR last week, he has bought some more CNR in his account.
However, the purpose of reducing positions this time is not to collect more chips by doing swings, but to increase one's own liquidity.
Two months and a T difference of 1.88 million is already perfect. In Gu Junhao's opinion, the wait is worth it.
However, all the funds will not stay in Gu Junhao's personal account. Among them, 1.5 million yuan was transferred to the company account by Gu Junhao through Guo Yuanwei's assistance.
It cost 1.5 million yuan to change hands. This 1.5 million yuan can be regarded as another capital injection by Gu Junhao into Junshi Capital.
Since its establishment in May this year, Gu Junhao has used various methods to increase the registered capital of Junshi Capital from the initial minimum subscription to the current paid-in amount of 7 million yuan.
In the next few months, Gu Junhao will inject another 3 million yuan into Junshi Capital through various methods, bringing the actual registered capital to 10 million yuan.
The actual registered capital must meet the requirements of the regulatory authorities within a certain period of time. The company's debt ratio is extremely low, the employees are relatively young, and the turnover rate is low.
Coupled with the excellent performance of Junshi No. 1, all this shows the good operating environment of this young private equity investment company.
Just like stocks, Junshi Capital has shown signs of official launch after going through a series of chip collection periods.
On Friday, the trends in the Shanghai and Shenzhen stock markets further strengthened Gu Junhao's judgment.
Today, after completing the collection of chips, Gu Junhao returned to the trading room. After trading throughout the day, the Shanghai Composite Index ended the week with a minimum of 2302.28, a decrease of 0.01%, and a turnover of 114.3 billion.
The GEM Index finally closed at 1477.59 points, a decrease of 0.02%, with a trading volume of only 25 billion yuan.
Although the Shanghai Composite Index and the ChiNext Index have both gone out of the daily negative trend, today, the trading volume has dropped to the lowest level in recent times, and the changes in the index show that the decline has been exhausted.
It only takes one time point for the Shanghai and Shenzhen stock markets to rebound, and Gu Junhao believes that this time point will come soon.
Tonghuashun closed this week's trading at 21.36 yuan, a decrease of 0.60%, with a new low of 20.65 million yuan in trading volume, and a false positive line closed on the K line.
Throughout the week, Tonghuashun fell by 5.11%, with three consecutive negative weeks, and the weekly trading volume was only 164 million yuan.
While the Shanghai Composite Index fell 1.66% on the week and the GEM Index fell 2.21% on the week, Gu Junhao had not paid much attention to Dongfang Wealth for the past week, which was a very unexpected discovery.
"It actually shrunk and rebounded. It seems like the bottom signal is obvious." Gu Junhao said with slight surprise.
The bellwether for this round of GEM rebound, while it fell as low as 14.44 yuan this week, it achieved a weekly increase of 1.02%. The stock price finally closed at 14.90 yuan, taking the lead in stopping the decline.
Yinzhijie's decline this week also narrowed to 2.72%, but since October, Yinzhijie's correction of more than 16% still seems a bit tragic.
For the remaining two stocks, Xibe Securities continued to be the anchor of Junshi No. 1's holdings with an increase of 0.75%.
From October to the present, during the adjustment period of Xibe Securities, if you only look at the daily line, the weakness is obvious. However, brokers have acted to protect the market from time to time, and Xibe Securities can always take the lead.
Under this situation, even if it fell for several consecutive trading days, Xibe Securities was able to recover the decline within one trading day, and its performance was still extremely eye-catching.
The performance of Wan'an Technology was also beyond Gu Junhao's expectations, with a weekly increase of 2.73%, a closing price of 13.93 yuan, and a weekly trading volume of 171 million, which was more advantageous than Tonghuashun.
"It looks like we made a profit this week, haha; it's rare." Gu Junhao said happily.
I thought that the correction would continue this week, but I didn't expect that the holding stocks would move faster than the index, and most of them would be the first to stop falling within this week.
"Haha, I did make a profit." Xu Jianqing said happily. Both he and Wang Ruoyu completed the task very well this week.
After multiple days of buying and re-collecting chips, Yin Zhijie's position returned to 11,000 lots, while Dongfang Wealth increased to 18,000 lots.
As for the other Zhongguo South Locomotive that Xu Jianqing bought, Gu Junhao saw the stock price rising yesterday and was in a correction state today.
Gu Junhao increased his position to 5,000 lots of Zhongguo South Locomotive with a closing price of only 5.80 yuan while ensuring that the account capital was 7.7 million yuan.
The market value of 5,000 lots is now only 2.9 million yuan, which is not important to Junshi No. 1. Increasing the position to 5,000 lots is just to look better and maintain the collective nature of the position chips.
The cash flow of 7.7 million yuan is also close to the amount of funds when the position was reduced by 5,000 lots, which ensures the integrity of the position to a certain extent.
"Market value of 77.897 million yuan, cash of 7.7 million yuan." Gu Junhao looked at the numbers displayed on the general account with a smile on his face.
Through this method of collecting chips at a low level, a V-shaped reversal was achieved after the stock price stopped falling. Facts have proved that Gu Junhao's method is feasible.
Counting Zhongguo South Locomotive, only one stock in Junshi No. 1, Yinzhijie, is still in decline this week, and it is natural that the earnings will reach new highs.
Among them, Dongfang Fortune, the largest holding, stopped falling and rose, and Xibe Securities, which has risen for three consecutive weeks, naturally contributed the most.
Within a week, it made a huge profit of 6.6286 million yuan, which not only recovered the previous loss of more than 3 million yuan in one fell swoop, but also brought the overall scale of Junshi No. 1 to a new height.
With a total scale of 8559.70 yuan and a net worth of 2.1399, Junshi No. 1 once again reached a new high position.
This result has not been announced yet, but it has exceeded Gu Junhao's expectations. This week, Gu Junhao has mainly focused on Tong Huashun.
In Gu Junhao's vision, it is enough for Junshi No. 1 to narrow its decline this week or make a small profit.
However, it is naturally a good thing that the fund can achieve such excess performance; it is also the credit of Xu Jianqing and Wang Ruoyu.
"You guys have done a great job. Your performance this week has been amazing. It's all your fault. I'll give you a credit."
Gu Junhao said to the three of them that although Liu Tingting did not have any transactions this week, Gu Junhao was careful and would still count her share of the performance.
A team cannot separate any one person, as long as the priority is achieved, there is no doubt that Wang Ruoyu is the protagonist this week.
Correspondingly, the protagonist will be treated like a protagonist, and his income will naturally be higher than that of others.
"Hahaha, thank you, boss." The three of them said one after another. No one would be unhappy if their incomes increased.
"Okay, let's announce it, I'm leaving too." Gu Junhao said with a smile.
With the announcement of Junshi No. 1's net worth this week, the net return rate of 2.1399 and the speed of recovering the decline so quickly shocked the market.
"What's the situation? The overall situation is still in decline this week, right?"
"Brother T, is he taking medicine? Is he so strong?"
“Is this suppressing stocks with rising performance, or is it buying the bottom?”
"Does this mean the market has bottomed out? Can we buy the bottom?"
In the Peach Stock Bar, this retail investor's speech attracted the attention of some people who were paying attention to Gu Junhao.
The A-share market, including ordinary retail investors, has never lacked smart people. From this message, they will analyze the market and the recent trends of some strong stocks in the past.
In the end, you will draw a specific conclusion based on your own analysis, whether to buy the bottom or increase your position, or continue to wait and see.
Li Ze was also among this group of people. Unlike other people who were good at analysis, he believed in Gu Junhao without any brain.