The Road to Rebirth Finance

Chapter 16 A Weekly Adjustment of the Growth Enterprise Market
When the time came to 25:1336.23, the call auction of the two cities ended, and the GEM index gapped and opened lower, opening at 1 points, down nearly 73.35% at the opening, and opening at 0.6 yuan, a drop of [-]%.

"It's over, the high position gapped and the low opened, and a major adjustment is necessary." Seeing that the GEM index opened in such a way, Gu Junhao couldn't help but feel a little bit emotional. Today, I don't know how many retail investors are about to lose money. Parents don't recognize it.

At this moment, all the popular concept stocks and their core concept stocks in the early stage of the ChiNext Board have turned green, and countless popular stocks in the early stage opened sharply lower.For example, the adjustment of Zhongqingbao can be described as tragic. It fell from the previous high of more than 50 yuan to yesterday's limit of 31.72 yuan, and today it opened sharply lower.The overall adjustment was nearly 37%.

Looking back at the trend of Zhongqingbao, Gu Junhao felt that the market of this stock was over. If he did not cut the meat and stop the loss in time after buying at a high level, he would be locked up for a long time, and he might not even have a chance to return. Ben, in my impression, the subsequent trend of this stock is still relatively miserable. After no performance expectations, only conceptual hype remains.

Dongfang Fortune dropped its limit yesterday, and Tong Huashun fell by nearly 7% at most yesterday. After experiencing the sharp drop in the previous trading day, these early popular core stocks did not choose to repair the market today, but continued to open lower.

The trend-breaking decline of these trending individual stocks also means that the depth of adjustment will exceed the market's imagination. However, for Gu Junhao, today is mainly about watching the show, and the index opened lower. He does not plan to buy today and continues to wait and see with short positions.

There are always opportunities in the market, but a risk may make your income zero or even lose your principal. It is not suitable to buy bottoms in an obvious downward trend. Only when you wait for your own expectations can you open a tentative position.

At [-]:[-], the GEM index opened lower and moved lower. Countless GEM constituent stocks, after experiencing a small test after the opening, chose to follow the index to fall.

The same is true for Past Technology. After experiencing a short period of popularity, countless large sales orders of 5000 lots and 2000 lots emerged one after another, instantly hitting the stock price to 69.82 yuan, a drop of up to 5% in a short period of time.

Opening the stock trading group, the group is already wailing. Yesterday's big drop did not make the retail group vigilant.

"Too bad, I want his profit, he wants my principal."

"No more. Do you want to cut off the wealth of Dong Fang that was laid out at the beginning of the month?"

"Just staring at my few dollars every day, the highest point is when I buy, and the lowest point is when I sell."

"It's too difficult. Yesterday I copied a little bit of Xiangsu Technology, and there was still a profit of a few cents when the market closed. I didn't pay attention to it this morning and got 4 points."

"Haha, I remember the guy in the group who also has past technology, you can ask him @豆葱炒股."

This Aite’s is Gu Junhao, and Gu Junhao occasionally participates in the chat. Some time ago, he mentioned that his position is in the past technology. At that time, the two boards of the past technology were just the time for retail investors to pay attention.

"I cleared my position at around 79 yuan yesterday, and I'm short today." Gu Junhao also replied when he saw Aite himself.

"Niubi, it's sold at the highest point. Is there a new code after the warehouse is cleared? Bring leeks."

"No, I'm not going to buy short positions today, let's go to the theater."

After chatting and farting in the group for a while, the time came to 10:30 unknowingly, and the GEM index traded sideways around 1337 for an hour, and finally couldn't hold it anymore, and fell directly and quickly.

In the following half an hour, the GEM index fell all the way, and finally fell below the integer mark of 1300. At 11:30, it closed at 1298.67 points, which can be described as tragic.

In the afternoon, the GEM index showed no signs of rebounding and remained at a low level. Throughout the day, the GEM closed at 1311.23 points, a drop of 2.91%.Xiangsu Technology finally closed at 70.30 yuan, a decrease of 4.82%, with a turnover of 3.04 million yuan.

The GEM continued to fall below the 5-day line, 10-day line, and 20-day line, and barely closed near the 30-day line, which also means that the adjustment has not ended.

In the following two trading days this week, the GEM continued its downward trend. By the close of trading on Friday, the GEM index closed at 1269.17 points, testing the lifeline of the 60-day line.

The ChiNext market this week can be described as extremely stimulating, breaking through the 1400 and 1300 integer points. Calculated from the highest point, this week’s decline reached more than 10%.

Past technology has also seen a huge drop. It closed at 66.19 yuan on Friday’s close. Based on Tuesday’s highest price of 79.60 yuan, it has fallen by as much as 20% in four trading days, and the adjustment is much larger than that of the ChiNext.

However, this kind of drastic adjustment is relatively a good thing. A drastic decline in a few trading days is better than an infinite negative decline.

After knowing the trend of the GEM in the previous life, this kind of sharp drop is actually a good thing for Gu Junhao, which saves the short positions for several trading days. If the negative decline continues, he has to choose another target deal.

After all, apart from stock speculation, there is no other income, and it is impossible to keep short positions.

During the past few days of watching the market, Gu Junhao also browsed some Taoguba posts and social platforms from time to time, as long as it was about the stock market, he would cry miserably.

There were also people crying miserably in reply to his post, and asked himself when he would continue to update, because Gu Junhao hadn't updated the post in the past few days because of the short position.

During the period, I occasionally chatted with Su Mingyu, and found that this guy's stock trading mentality really didn't look like a young man under 20 years old, but like an old stock investor.

In his words, since it is confirmed, then don't worry about the intraday ups and downs. As for whether you can get there, it is another matter, at most it will not make money.

"As expected of a person who followed his father in trend stocks since childhood, without fear of ups and downs." In the chats these days, Su Mingyu also mentioned some of his father's style, which is why Gu Junhao made this comment.

After a weekend of doing nothing, Monday, October 2013, 10, started a new week of trading.

There are still four trading days left in this month, and I don’t know whether the GEM can be adjusted. Today’s market, the GEM has rebounded slightly, and the past technology has finally closed at 67.79 yuan, an increase of 2.42%, and the trading volume has also shrunk. 2.29 million yuan, a recent record low.

However, the rebound of the GEM is too small, less than half of the negative line of the previous trading day, and there is still a certain distance from the [-]-day line, and the energy is not enough, and the same is true for past technology.

Today, Gu Junhao also held a short position and did not make a move. After the resumption of trading, he judged that this small rebound is not the end point. The ChiNext should test the pressure of the 60-day line and even the 1200 point.

"Look at tomorrow, I don't know if there is a chance to buy tomorrow."

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(End of this chapter)