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Chapter 244: The Great Rally After the Panic

Chapter 244 The big rebound after the panic

Author: Ru Meng Ru Hua

Chapter 244 The big rebound after the panic

"I really can't understand this market situation. The junk brokerage firms fell sharply yesterday and brought the market crashing. Today they surged sharply and led the market to rise."

"Yeah, how can anyone dare to buy something like this, what if it falls sharply again tomorrow."

"That's not the case. The bank is falling today. Whatever happens tomorrow, it will be the insurance's turn."

"This is how the market adjusts at high levels, but the GEM should have stopped falling, right? The gap up today is too strong."

"Hey, I regret it. I regret it very much now. Tonghuashun has soared. I wish I had listened to Li Kuang's words yesterday."

"Li Kuang is making a lot of money underground right now. I'm so envious. Looking at today's situation, it shouldn't be a big problem to hold on to the 60-day line."

"Would you like to chase after me? Brothers, I'm a little greedy."

"Who is not greedy? Li Kuang is full of stocks and the price is rising sharply. I am short and bullish. The key is that I still cut the flesh and ran away yesterday."

"It took me a long time to do it. If I hadn't sold Tonghuashun at the beginning, I don't seem to be losing much now. I calculated that I still have a profit of about 5 points."

"It seems like it's really a pity. I don't dare to buy anymore at today's price. It's too high."

In the afternoon, the Shanghai and Shenzhen stock markets continued the pattern of volatile gains in the morning. The growth rate of the GEM began to expand. Tonghuashun moved immediately at the opening, and the trading volume increased rapidly.

By 13:08, a single purchase of 4,500 lots brought Tonghuashun's stock price to 23.69 yuan. Since the adjustment on September 25, Tonghuashun once again hit the daily limit, awakening the bull stock gene.

"Damn it, that's too harsh, pull it so hard, Li Kuang is getting rich again, I should have known I would have rushed in this afternoon."

"You can rush in. It has risen sharply since the opening of the market in the afternoon. Looking at this momentum, I don't plan to close the market. Then it will be taken over again."

“Is this pump-and-dump?”

"Who knows, anyway, I'm so jealous of Li Kuang. I'll let him give out red envelopes after he gets off work."

"Is this market going to rebound from a sharp drop or stop falling and stabilize? It's so uncomfortable to be in a short position."

At the end of the day's trading, Tong Huashun's performance was unusually strong, and the stock price was finally fixed at 23.40 yuan. The trading volume increased from 32.69 million yuan yesterday to 141 million yuan today, with a large intraday increase of 8.64%.

The Shanghai and Shenzhen Stock Exchanges also experienced large gains in volume. The Shanghai Composite Index rose 2.07%. The index once again firmly stood at 2,300 points, closing at 2,337.87 points. The ChiNext Index closed at 1,522.05 points, also rising 2.01%.

The bottoming out of the Shanghai and Shenzhen stock markets has given Gu Junhao, who is full of positions, a lot of gains. Tonghuashun on his personal account rose sharply today, and Junshi No. 1 also performed well.

Yinzhijie, which rose by more than 6% yesterday, rose again by 3.18% today, and the stock price has returned to the round price of 24 yuan. In two trading days, the increase has exceeded 10%.

Dongfang Fortune closed up more than 3% for the second consecutive trading day, with the stock price closing at 15.89 yuan, and the trading volume also increased to 779 million yuan, indicating very active trading.

Wan'an Technology, which fell sharply yesterday, performed fairly well today, rising 3.2%. Xibu Securities, which returned to full position, rose 4.43% today, with its stock price at 14.15 yuan, almost regaining yesterday's negative physical line position.

The four stocks all rose by more than 3%. Such a trend is very rare even for Junshi No. 1, which has always been stable and upward.

The sharp rise in trading in the two markets during the day on October 28 may seem to ordinary investors to be a little uncertain whether it was a real rebound or a false rebound.

However, the news that the central bank cut interest rates in the evening completely confirmed the rebound.

"Technically it is oversold, and a restorative rebound is needed, and the policy is favorable. It seems that this round of adjustment in the market will end on October 27."

After seeing the news about the central bank's interest rate cut, Gu Junhao smiled and said to Zhang Yiru who was sitting next to him.

Today's shock is higher, and the increase is so large, which seems to indicate the market's attitude.

"Haha, if it doesn't fall, it will be of great help to Junshi No. 1's performance."

"That's for sure, the price has actually risen pretty well today."

It doesn't matter if the people around you reveal some of the increase; if you really want to count it, Zhang Yiru can be considered one of the customers of Junshi No. 1.

"The increase in net worth will also have a certain publicity effect on the release of Fund No. 2 early next month. It seems that you have pretended to have it again." Zhang Yiru said narrowly.

"It's necessary, haha." Gu Junhao, who was in a good mood, hugged Zhang Yiru and kissed her hard.

"Fuck you, don't mess with me, I'm watching TV shows."

There was nothing to say all night. With yesterday's sharp rebound in the index and the good news that the central bank announced an interest rate cut in the evening, the Shanghai and Shenzhen stock markets opened higher this Wednesday, unsurprisingly.

Individual stocks were unusually active. As soon as trading began, both the Shanghai and Shenzhen stock exchanges saw heavy trading volume.

Market trading enthusiasm has been activated again, and hot spots are in full bloom.

In terms of individual stocks in the industry, yesterday's general rise was repeated, and among the positions held by Junshi No. 1, Dongfang Fortune and Yinzhijie, which had surged for two consecutive days, have seen their trends slow down.

Tonghuashun, which had a positive trend yesterday and crossed all moving averages, opened higher today and continued to hold on to its moving averages. It also showed a high and volatile trend overall. Xibe Securities also continued yesterday's excellent performance and continued to rebound.

After observing the trends of the two markets for half an hour, Gu Junhao said to the three of them: "There should be no problem with the market today. I will tell you a few things."

"First of all, I will go out in a while, and I will leave the trading in the next few days to you." Gu Junhao said with a smile. The fund is about to be issued. If the trend is confirmed to be stable, there is no need to stay in the trading room all the time.

After all, there are still many things that need to be done by oneself, including raising funds and selecting specific positions for Fund No. 2.

In the past two days, many new and old customers have called him, hoping to continue investing in Fund No. 2. Gu Junhao naturally welcomes this kind of investment, and also revealed some specific thresholds for Fund No. 2 in advance.

"Also, you guys should find an opportunity to clear out Wan'an Technology in the past few days. I think his trading volume has also increased a bit, so there should be a chance to sell it out."

Wan'an Technology opened at a high price of 14 yuan today. Without counting the T position, it has already made nearly 50% of the profit from Gu Junhao's original bottom-hunting position.

In terms of income, it is quite good, but Wan'an Technology's trading is very inactive, and there are certain restrictions on the funds held. In addition, Zhongguo South Locomotive has suspended trading, and it can be considered that about 3 million funds have been locked up invisibly.

Calculated based on today's opening price, Wan'an Technology has 7 million yuan of funds that can be withdrawn from the liquidation position. Whether it is used to increase positions in other stocks or to make a T in the following days, it will be better than holding it all the time.

What's more, the fund also needs a certain amount of cash flow, and it can't continue to be full like this.

"Leave it to me, I'll do it." Xu Jianqing said impatiently. After this week's continuous rebound, Xu Jianqing hasn't traded yet, which is also a pity for him.

"Okay, then I'll leave it to you. You can find an opportunity to sell it."

After a pause, Gu Junhao said again: "Xiao Xu and Tingting, you two, please find time to communicate with Ruo Yu about the transaction logs of Yin Zhijie and Xibu Securities and hand them over to him."

For the next fund, we still don’t know how much money can be raised, so for the time being, it is decided that Xu Jianqing and Liu Tingting will lead the task of building positions.

If the maximum amount of funds, that is, 500 million yuan, is really raised in the future, Gu Junhao will consider adding more members to the fund business department team when Xu Jianqing and Liu Tingting are unable to operate more than 100 million yuan.

"Okay." Xu Jianqing and Liu Tingting responded at the same time, having no objection to sharing their trading logs.

After more than five months of getting along, the three of them have grown up step by step from the rookie stage to now, and they have a tacit understanding of each other's cooperation.

After thinking about it, there was nothing else to explain. Gu Junhao also left the trading room and began to prepare for the second fund raising, switching from a fund manager to a company owner.

The stock market is still in trading, and Xu Jianqing and the other three have returned to trading. Following the boss' instructions, Xu Jianqing also focuses on Wan'an Technology.

Throughout the day's trading, the two cities showed a state of rising volume and price. Heavyweight stocks concentrated their efforts, such as the transportation industry, non-bank finance, steel, real estate and other sectors, with increases of more than 2%.

The extremely strong market also means that the adjustment in October is now completely over.

Throughout the day, the total trading volume of the Shanghai and Shenzhen stock markets, including the Shanghai Composite Index, Shenzhen Component Index and GEM Index, reached more than 450 billion yuan.

This is also the highest trading volume since September 17 this year. The Shanghai Composite Index rose by 1.5% throughout the day, and the ChiNext Index rose by 0.53%. Among them, the Shanghai Composite Index traded 225.1 billion yuan, accounting for most of the trading volume in the two cities.

Funds are concentrated in the weighted sectors, which has also affected the growth of small and medium-sized enterprises to a certain extent. Today, the biggest increase in Junshi No. 1 was to Xibu Securities, while the gains of Dongfang Fortune and Yinzhijie have slowed down.

The transaction volume of Xibe Securities for the whole day was 589 million yuan, a surge of 4.95%. The whole-day amplitude of Xibe Securities was more than 8%. While it completely recovered the gap caused by the downward jump on Monday, it also regained its position on various moving averages.

Thursday, October 30th; Gu Junhao was busy with the company's business, and the trading room became the domain of Xu Jianqing and three others.

In the morning, Xu Jianqing said to Wang Ruoyu and Liu Tingting: "Do you think there is a legal drop day today?"

"Probably not. The huge rise in the past two days, and the fall this month has been miserable enough. No matter what, there must be a sustained rebound."

"Not necessarily, the Shanghai Stock Exchange may continue to rise sharply, but the GEM was not as strong as the previous two days yesterday." Xu Jianqing said with a smile.

"It shouldn't fall. It's just an adjustment at most. Don't mess around and lose your chips." Liu Tingting warned.

"Don't worry, it won't happen. Besides, the boss asked me to clear out Wan'an Technology. It'll be fine if I sell this, haha."

The boss didn't say when he would sell it, nor what the price. Anyway, he just had to find the right opportunity to sell it, and Yin Zhijie could go up or down as he pleased.

"Well, Tingting is right, this week's performance is quite important for next month's fund raising." Wang Ruoyu also nodded.

"Don't worry, I know what I'm doing and I won't do anything random."

"That's fine."

After the official start of trading, the two markets today were not affected by Thursday's curse and continued the rebound trend of the previous two trading days, opening higher across the board in early trading.

The Shanghai Composite Index even hit the highest point of this round of rebound during the session. The brokerage sector performed very strongly, which also made the retail investors who were thrown off the car on Monday furious.

Although he cursed, his subordinates were still very honest. Whether they were returning to their previous positions or looking for new buying targets, they were not slow at all.

Retail investors who are accustomed to changing their beliefs with a positive line and chasing the rise and killing the fall will never go short and miss the sharp rise in the market.

(End of chapter)


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