In the afternoon trading, Tonghuashun, which was fluctuating at a high level, was temporarily closed at 13:10 to 13:15; then, Tonghuashun, which opened its daily limit, once again fluctuated sideways with an increase of more than 8%.
Tonghuashun's high fluctuation did not last long. At 13:51, with the support of two funds of nearly 30 million, Tonghuashun closed the daily limit again.
With more than 50,000 orders closed on the board, Tonghuashun's stock price temporarily calmed down, trading at 27.75 yuan. Tonghuashun, which was closed again, still couldn't hold on for long. At 13:59, the situation on the board suddenly changed.
A single sell order of 11,528 lots quickly pushed Tonghuashun's daily limit price to 27.36 yuan, an increase of 8.44%. This was the largest amount of funds that Tonghuashun had fled in a single transaction today.
"Is there any money to escape, or is it better to exchange chips at a higher position?" Gu Junhao said thoughtfully, looking at Tong Hua Shun who opened the board.
Tens of thousands of large orders were smashed, and the ChiNext Index opened high and moved low throughout the day, but it failed to break the trend of Tonghuashun. It is still above 27 yuan, and buying is also very active.
At this time, Yin Zhijie also ended his high intraday fluctuation state. The emergence of large buy orders raised Yin Zhijie to 30.55 yuan, an intraday increase of 10.01%, and the daily limit closed order funds exceeded 300 million yuan.
The comprehensive return of strong small and medium-sized enterprises formed a strong contrast with the downturn of the GEM index; at this time, the GEM index stopped maintaining a decline of more than 0.7%.
So far, the ChiNext Index has dropped as low as around 1506 points, a drop of nearly 1%. While big funds are attacking heavyweight stocks, they have also not forgotten small and medium-sized companies with better growth prospects.
At 14:15, Tong Huashun once again reported a price increase of 27.75 yuan. There were not many large orders closed on the board, and the stock price strangely kept changing back and forth between 27.75 yuan and 27.74 yuan.
"Accumulating funds on the board? Is the bullish intention so strong?"
In this kind of trend between sealing and breaking, most of the outflow funds are mainly small and medium-sized orders, which cannot be shipments. If they are shipments, they will be dumped directly like the large orders of 10,000 just like that.
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While Gu Junhao was staring at the GEM constituent stocks he held, Wu Peng was also doing T trading seriously. Wu Peng's T trading style was different from that of Gu Junhao and others.
When the amount of funds is large and the position is large, Wu Peng will choose multiple T operations, like a robot, constantly buying in and out, and making profits from it.
Today, the fluctuation of Zhongguo Communications Construction exceeded 7%, and the trading volume was very large. This also made Wu Pengt feel comfortable physically and mentally, completely immersed in the fun of trading.
At this time, Zhongguo Communications Construction was in a volatile downward trend. The stock price was quoted at 6.77 yuan, which was within the shock range below the yellow average price during the day and was only 0.02 yuan higher than the opening price.
"It's almost there. I should wait and see for another chance." Wu Peng thought to himself. Today he mainly maintained the opening price to do T. Each transaction only required a profit of more than 2%, and did not pursue
The highest point and the lowest point.
As for whether to buy or sell first, Wu Peng will decide based on the specific volume and trend in the market. There is no fixed pattern.
Wu Peng's operating method requires relatively high levels of trading sense, hand speed and trading literacy, as well as high psychological quality.
In stock trading, there is a saying that the more you do, the more you make mistakes. Gu Junhao's consistent principle for doing T is to only do it once a day. Although this will miss a lot of opportunities, the same risk is much smaller.
As for Wu Peng's method, as long as he makes a few mistakes in a day, it will seriously affect his mentality. In the early days of his career, Wu Peng also grew up in the process of constant trial and error.
But now, Wu Peng has become accustomed to this trading model, and his winning rate is still very good. This is also his special skill that allows him to survive in the financial market.
At the close of trading at three o'clock, Wu Peng completed the last transaction of the day. At the end of the day, his half position was close to 60 million yuan in chips. Wu Peng really managed to rotate the position and maintained a certain profit.
There are countless traders like Wu Peng among the institutions that hold positions in Zhongguo Communications; Zhongguo Communications' high turnover rate of 22.5% can also prove this from the side.
At the end of the day, Zhongguo Transaction completed a transaction of 2.05 billion yuan, up 4.8%, and the stock price closed at 6.98 yuan. At the close, the highest price of Zhongguo Transaction today did not exceed the highest price of the previous trading day.
Today's performance of Zhongguo Yizhong is also relatively average. In Gu Junhao's view, the adjustment of the weight of the Zhong prefix is far from over, and the Shanghai Composite Index is facing the highest position since 2008, and the pressure is still relatively obvious.
Throughout the day's trading, the Shanghai and Shenzhen stock markets performed differently, with a large influx of funds into heavyweight stocks, causing the Shanghai Composite Index to rise sharply by 2.30% today, constantly setting new highs since this round of rebound.
At the close of trading, the Shanghai Composite Index closed at 2473.67 points, just one step away from the highest point since 2008 at 2478 points.
The ChiNext Index opened higher and moved lower throughout the day. The index showed a weak and volatile pattern, and finally ended the first trading day of this week at 1514.82 points, down 0.51%.
The three GEM constituent stocks that Gu Junhao is interested in, Dongfang Wealth fell behind in the afternoon and plunged; while the other two stocks, Tonghuashun and Yinzhijie, both closed at the daily limit.
Tonghuashun, which continued to suffer throughout the day, finally ended today's trading with the daily limit. Yinzhijie's performance after the daily limit was stronger, and the market only opened once during the session.
With such a performance, Gu Junhao is really looking forward to tonight's Dragon and Tiger Ranking, especially Tong Huashun, who actually performed so strongly without any favorable circumstances.
Gu Junhao wanted to know where the funds came from, and he was so determined that he did not hesitate to use the board to attract funds to buy Tonghuashun even when the big orders were smashed.
In terms of style, it is not like what hot money does. Hot money is used to closing the market quickly after breaking the market. Such behavior is not uncommon, but it usually occurs when there is a large amount of money to smash the market.
For Tong Huashun, whose flight capital and trading volume are not particularly high today, if hot money dominates the market, there is no need to use this operating mode.
Hot money will even pull up the market directly after a slight correction of 9% in the morning, and then block it for a day by closing large orders.
After the market closed, a review meeting was held as usual, and the five people summarized the trends of the two cities today; then, Gu Junhao also chatted with Wu Peng and asked him some questions about his work experience today.
"It's very novel. The way Mr. Gu gets along with Team Leader Xu and the other two is very novel to me." Wu Peng said bluntly.
Then he continued: "I haven't traded for almost three months. On the first day, I encountered a high-volume stock operation like Zhongguo Communications Construction. It was very enjoyable."
"Haha, it's nothing. Just wait until you get used to it. There is a difference between a boss and an employee at work, but there is no difference in business." Gu Junhao also replied with a smile.
"Mr. Gu, do you want to take a look at my delivery order? It's your first day at work. Please correct me if there are any shortcomings." Wu Peng said politely. If traders cannot create profits for the company, there is no need to exist.
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Wu Peng knew this very well, and it was impossible for Gu Junhao not to pay attention to it.
"Well, I will take a look." Gu Junhao nodded, and then continued: "The transaction is over, there is nothing big happening today. If you want to get off work early, you can go back. If you want to know something about the company, let me
Maybe I can show you around the company."
"Okay, then I'll trouble Team Leader Xu." Wu Peng also said in a smooth tone. He should indeed have a certain understanding of the company.
"Xiao Xu, take Brother Peng around the company." Gu Junhao shouted to Xu Jianqing, this guy was not as familiar with the company as he was.
"Okay, no problem, Brother Peng, come with me."
After Xu Jianqing took Wu Peng out, Gu Junhao also checked Wu Peng's delivery note. This was the real interview and opened the details of today's transaction of Zhongguo Communications Construction.
Rows of buys and sells came into Gu Junhao's eyes. Seeing these, Gu Junhao couldn't help but smile. This kind of trading style was the first in Junshi Capital.
However, this is considered normal behavior. Apart from personal style, a trader's KPI is directly related to trading volume and profit. Unlike Xu Jianqing and the other three, senior traders like Wu Peng are obviously more focused on their own performance.
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Gu Junhao understands this kind of behavior very well. It is understandable that everyone works just for a few taels of silver and uses high-frequency trading to make more profits to improve their performance and increase their income.
Although it was completely different from his own style, Gu Junhao didn't care; it was okay to do what he should do within his authority.
As long as it does not affect the fund's holdings and can create profits for the company under this model, then it is okay; the trading style does not matter whether it is good or bad, everyone's trading habits must be respected.
At half past five, the Dragon and Tiger list that Gu Junhao was looking forward to was officially refreshed, and Tong Huashun and Yin Zhijie were listed on it as expected. The first thing Gu Junhao looked at was Yin Zhijie's Dragon and Tiger list.
Yin Zhijie had a daily limit last week, but it took advantage of card rules and did not appear on the Dragon and Tiger list. Today's list also deserves special attention.
For small and medium-cap stocks like Yinzhijie, it is the favorite of hot money; the Yinzhijie Dragon and Tiger list is still dominated by hot money, but there are also two institutions that have appeared in the buying seats.
The seats dedicated to these two institutions were Yin Zhijie buying two seats and buying five seats respectively. The two companies bought nearly 25 million yuan in total, and the hot money purchase of one seat exceeded 32 million yuan, accounting for 17.70% of the total transaction volume.
One company dominates the buying position, while the top five selling positions are relatively even. The five companies sold a total of 41.7977 million yuan. The net difference between buying and selling on the Dragon and Tiger list today is 40.8961 million yuan, indicating a net inflow.
Yin Zhijie's sale of a seat is an old face for Gu Junhao. It is still on Hongling Middle Road in Shenzhen City and sold for 16.2796 million yuan.
Ever since Gu Junhao intervened in Yin Zhijie, this group of seats has appeared on Yin Zhijie's dragon and tiger list from time to time. Undoubtedly, most of the increase in Yin Zhijie's stock price is affected by the influence of this group of funds.
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Unsurprisingly, this seat designation is one of Yin Zhijie's main funds. Today's sales volume should not be considered a big bargaining chip for him.
Today, Yinzhijie's turnover rate is less than 5%, and Hongling Middle Road does not look like it is shipping. Even if a dominant player buys a seat, it should not have much impact on the stock price.
Yin Zhijie's main funds also seem to have some obsessive-compulsive disorder. Although the daily limit was used to fill in the rights today, in the previous upward trend, the trend of one big positive line with several small negative lines has resumed.
Even the way of not releasing the dragon and tiger list after the daily limit has appeared again, and the obsessive-compulsive disorder is undoubtedly there.
Therefore, from this point of view, there is a high probability that Yin Zhijie will not start a new major adjustment plan after filling in the rights like Tong Huashun. The most likely thing is to continue to end the transaction with a cross star tomorrow.
Later, Gu Junhao turned his attention to Tong Huashun's dragon and tiger list. Tong Huashun's dragon and tiger list really surprised Gu Junhao.
"It's all institutional buying?" Not only Gu Junhao, but also Wang Ruoyu and Liu Tingting who stayed in the trading room were also surprised.
Generally speaking, for small and medium-sized entrepreneurial growth stocks such as Yin Zhijie and Tong Huashun, it is difficult to attract many large institutions to buy them, and some are also small private equity funds like Gu Junhao.
The main reason is that the share capital is too small and the chips that can be purchased are very limited. For large funds, such income is dispensable.
If you make a profit, it will not have much impact on the fund's income, but if you make a mistake, it will cause great harm to your reputation.
Therefore, in 2014, even after last year's big rebound on the GEM, small and medium-sized startup stocks are not favored by large institutions. Large institutions will use various opinions such as the price-earnings ratio to be too high to express their opinions.
Contempt.
But today's Tonghuashun has attracted the attention of so many institutions just like Dongfang Fortune. The buying seats are all institutions buying. Although there are two institutional seats above the selling seats, the two together only have 1,600.
About ten thousand yuan.
"It's a good thing that some institutions are paying attention." Gu Junhao said with a smile. With so many institutions not hesitate to use the daily limit to attract funds to buy, Tonghuashun's stock price can wait for it to take off.
Five institutions bought a total of 104.7 million yuan, accounting for 30.66% of the total trading volume of Tonghuashun today. Today's Tonghuashun is a market dominated by a collection of institutions.
Tong Huashun's selling of one seat is also something Gu Junhao is very familiar with: "Guotai Junan Transaction Unit."
Since this year, Gu Junhao has encountered Cathay Pacific's self-operated stocks among several GEM constituent stocks, such as Dafu Technology, etc. Guojun's self-operated stocks were also on Tong Huashun's previous Dragon and Tiger list.
Guojun's self-operated sales totaled 31.9885 million yuan today, and there was no buying; the single large order of more than 10,000 lots in the afternoon was undoubtedly Guojun's self-operated market.
Gu Junhao couldn't tell whether Guojun's proprietary trading was cleared, but their traders probably didn't expect that Tong Huashun had so many institutional purchases today.
At this point, Guotai Junan has not yet been listed on the market. Gu Junhao still has a rough memory of the launch date of Guotai Junan.
In June 2015, on the second day after Guojun was listed, after falling from a high of 5178, the Shanghai Composite Index, which was unable to rebound, began to accelerate downward.
Someone once said that the bull market in 2015 had two stages. The first one was undoubtedly the peak of Shenche, and the second someone once said that the listing of Guojun completely ended the bull market.
In 2014, while large institutions had not paid much attention to GEM stocks, Guojun Proprietary Market was deeply involved and even played a leading role in some stocks.
I have to say that this is also an invisible irony.
On the Tonghuashun Dragon and Tiger list selling seats, in addition to Guojun's self-operated trading, there is another seat that Gu Junhao is very familiar with; it is located in the selling sales department of Xiahe Road Securities, Xiahe City, Sanhuatai Securities.
This is also a hot money seat that has been traded with Gu Junhao several times, from Hailanxin to Tonghuashun; today Xiahe Road sold for 9.638 million yuan, which is already relatively high for Xiahe Road, which only costs about 10 million yuan on the list each time.
Many were sold.
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Li Ze, a die-hard fan, was extremely excited today. Tong Huashun's daily limit exceeded the previous high, making his market value reach 721,500 yuan, and his personal assets reached a new height.
In addition, today's Tonghuashun is such a luxurious dragon and tiger list. Institutions will not rush in and out like hot money. It allows institutions to buy at any cost. Naturally, the market will not be so simple.
Although Li Ze only added 1,000 shares each time when he increased his position twice, judging from the subsequent trend, both of them can be regarded as the lowest point in the period.
Including the first stud, the same was true. He could grasp the low point of each stage, although the last one had an element of anger; Li Ze was also very sober while enjoying everyone's praise.
"If I buy it myself, I will definitely not be able to buy it at the lowest point. Every time I buy it, I buy it after studying Brother T's trends."
The first stud was after Gu Junhao appeared on the Dragon Tiger list and Tong Huashun adjusted to the lower limit. The second time was a mistake. Tong Huashun increased the position due to expected reasons after the high adjustment.
As for the third increase in position, in addition to being angry with the group of friends, it was more because of the sharp increase in Junshi No. 1's performance, which made Li Ze feel that Brother T must have taken a heavy position or even bought a full position during this period.
Li Ze is still very clear about how much weight he has. He may buy the bottom at one time, but he can reach the stage bottom every time in a stock. If he has this ability, he will not lose money.
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Even the belief that can support him to keep holding the position currently comes from Gu Junhao. Before, he had an expected price of 26 yuan, and after that, it was the shares pledged by Gu Junhao.
As long as there is no announcement from Gu Junhao to release the pledge, Li Ze will continue to hold shares, even if there is a retracement like the last time.
"Brothers, this is the power of faith. You see, you have been struggling and you have lost money again today, haha."
While assets hit new highs, Li Ze did not forget to ridicule that the two markets were severely divided today. People who generally like to trade in small and medium-sized individual stocks but are afraid of high prices suffered a lot of losses today.
As the saying goes: "People who are afraid of heights are miserable."
Of course, when the leeks are really not afraid of heights, that's when they take over; it's all just due to the different perceptions of heights.
"Yes, yes, your brother T is the best, and I haven't seen him share any of your money."
"Why are there no points? My Tonghuashun's market value is already over 700,000 yuan."
"Okay...you win, but Brother T's Tonghuashun's market value should be more than 40 million yuan."
"Well, 43.1212 million yuan." Li Ze replied. When he saw his own market value, Li Ze calculated Gu Junhao's market value clearly.
"Tsk, tsk, tsk, my personal account is more than 40 million, and the scale of the two funds is over 600 million. The profit from Junshi Capital is not small. I am a billionaire at a young age."
The terms of the subscription contracts for Junshi No. 1 and Junshi No. 2 have been widely circulated on the Internet, including that no management fees will be charged for losses. This violation of industry rules has also caused considerable criticism.
As for the profit sharing after the net worth of Junshi No. 1 exceeded 2, some good people also calculated the profit for Gu Junhao when they had nothing to do. Many people even commented on the official blog of Junshi Fund, asking Gu Junhao to settle as soon as possible.
Junshi No. 1.
Because once the fund's net value exceeds 2, no matter where it eventually rises, it will not have much impact on Junshi Capital's share. On the contrary, there is a possibility of falling below 2 again.
With the increase of funds, if you want to continue to increase your net worth, the difficulty is also conceivable; instead of doing this, it is better to just settle down after breaking 2.
Li Xinyu also gave feedback to Gu Junhao about the comments on the official blog, but Gu Junhao just laughed it off; what the netizens said did make sense, but Gu Junhao naturally did not calculate the net worth of Junshi No. 1 in this way.
The initial scale of Junshi No. 1 is 40 million yuan, and after doubling it, it will be 80 million yuan. Calculating the share will not bring much profit space to the company, and there are not a few funds with a net worth of more than 2 in the private equity market.
Timely liquidation can only ensure the company's balance of payments in the next few years, but what Gu Junhao wants is to make Junshi No. 1 the fund benchmark of Junshi Capital and truly achieve a blockbuster success.
In this way, even during the subsequent stock market crash, even if the subsequent funds' returns were mediocre, I still left a period of time in the capital market that was enough for people to chat after dinner.
Judging from today's trading process, Wu Peng was still able to get into the state quickly. For Gu Junhao, this was the biggest gain today.
The injection of fresh blood can well share Gu Junhao's work content, and after Cao Wenxun joins the job next week, Liu Tingting can return to the Junshi No. 1 trading team.
And Gu Junhao was able to completely put aside his identity as a trader, return to his identity as a fund manager and company founder, and devote more energy to the company's operations.
The next few years, in Gu Junhao's view, are years of great opportunity. He has already made some achievements, and he certainly cannot stop there.
Today, Junshi No. 1 and 3 support positions rose sharply, and Dongfang Wealth's plunge in the afternoon also caused Wang Ruoyu to be a little overwhelmed; fortunately, the amplitude was not too great after the other two stocks rose.
For the three GEM constituent stocks that have entered a state of rising, their oscillations are far beyond the comparison of heavyweight stocks. It may be difficult for Wang Ruoyu alone to cope with them.
Gu Junhao realized this only today. He seemed to have overestimated Wang Ruoyu's hand speed before, but fortunately he retained both interviewees last weekend.