The Road to Rebirth Finance

Chapter 222 The biggest drop in a single day (two in one)

"Today is going to plummet." Gu Junhao looked at the screen and said, leaving aside the performance of individual stocks, but the ChiNext Index has not seen such a unilateral downward trend for a long time.

"We should be buying the bottom today, boss?" Wang Ruoyu looked at Gu Junhao and asked.

"That's right, I've been waiting for this opportunity for so many days." Gu Junhao nodded and said, although Dongfang Fortune has now risen above the flat price, but today's trend is already irreversible.

Half an hour in the early trading session was an opportunity for the short-term funds that bought the bottom yesterday to escape. Compared with Yin Zhijie and Tong Huashun's trend of killing at the opening of the market, public funds are relatively honest.

At the close of noon, the GEM index closed at 1515.79 points, down 0.66%. In the morning, the GEM index did not fall below the integer mark of 1500 points. The Shanghai Composite Index fell as much as 0.84% ​​in the morning, and rebounded at noon to 2340.95 points , up 0.08%.

Tong Huashun closed at 24.30 yuan, down 2.26%; Yin Zhijie closed at 23.63 yuan, down 4.22%. Among several positions, his decline was the largest. Based on the flat price of 25.45 yuan in two trading days, the return was close to at 8%.

Dongfang Wealth was reported at 13.75 yuan, up 1.33%. However, during the period from a decline of 0.8% to a rise of 1.33%, the trading volume was extremely rare.

With the GEM index continuing to slump, Gu Junhao believes that Dongfang Fortune may still fall in the afternoon. The rise shrinks and the fall increases. This is the performance of Dongfang Fortune in the morning.

In the morning's trading, Gu Junhao underestimated Yin Zhijie's trading volume, but he made timely adjustments, and Xu Jianqing basically took back the chips sold in the morning.

He didn't make money, but he didn't lose money either. In Gu Junhao's view, 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 1 million yuan or less should be traded less." During lunch, Gu Junhao also said to Xu Jianqing.

Xu Jianqing loves trading, and under the influence of this love, sometimes he may ignore the trading volume of stocks. If he just casually buys tens of thousands or hundreds of thousands, then 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 unnecessary 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 taken aback by the morning's transaction. Yinzhijie is currently the number one heavyweight among Junshi No. [-] holdings. The sharp drop in heavyweights can easily affect the rookie's mood.

But for Gu Junhao, it doesn't matter. Yin Zhijie's adjustments in the past two trading days have been a bit drastic, but for a stock with a thin trading volume, it is a good thing.

To be afraid is to be afraid of the immeasurable negative fall like some time ago, that is the most desperate thing.

Today is only Tuesday, and the shock in the morning has been so great. There are two new shares to be purchased this Thursday, and Friday is the stock index delivery day. It seems that this week's trading attention is not calm. Today's market is against these Reaction.

However, everything is just an excuse for the fall. Before the GEM fell sharply this morning, the Shanghai and Shenzhen stock markets had already shown a short-term peaking trend a few trading days ago.

Big finance, which represents the weight, performed poorly, and Tong Huashun and Dongfang Fortune, which represented the recent profit taking of small and medium-sized enterprises, also performed the same. There is also the practice of A-shares, which pull steel, coal, oil and other sectors when they cannot be pulled.

All of these are sending signals to investors that they have peaked. All accidents have their inevitability, and the same is true for the stock market.

After lunch, Xu Jianqing didn't look as energetic as before, but quietly ran to take a nap. Gu Junhao looked at Xu Jianqing who was walking away with some surprise, and said to Wang Ruoyu and Liu Tingting with a smile: "This Guy freaked out in the morning lol."

However, where is this? He hadn't seen it when the thousand shares fell to the limit. However, it is a good thing to have this kind of fear. Only by fearing the market can we grow, and Gu Junhao himself came here like this.

In the afternoon, trading continued. The ChiNext Index continued its unilateral downward trend, while the Shanghai Composite Index remained oscillating around 2339 as in the morning, and the index remained in the red stage.

Dongfang Fortune fell below the opening price at the opening in the afternoon, and continued to decline as Gu Junhao thought. However, compared to Tong Huashun's shareholders, Dongfang Fortune's holders are much happier.

At least, Dongfang Wealth is still in the red market. If you are really afraid, you can sell it at a profit within the day.

At 13:17, the Shanghai Composite Index reached around 2347 again, and the market sentiment seemed to be ignited again; however, before everyone had time to react, the index plunged sharply.

Media education, electronics, machinery manufacturing and other sectors fell rapidly, and the auto sector, which performed poorly in the morning, rapidly expanded its decline. More than half of related stocks fell by more than 5%.

"Huh? Did you dive?" Gu Junhao said with a smile while looking at the green fonts that kept flashing on the short-term wizard on the big screen.

A large number of individual stocks are showing a large amount of selling. Yin Zhijie also fell below the intraday yellow moving average price again, and the decline expanded to more than 5%. Dongfang Fortune's stock price returned below 13.70 yuan and reported at 13.65 yuan.

At 13:30, the Shanghai Composite Index turned green, and the ChiNext Index returned to around 1500 points again, reporting 1505.30 points. Small and medium-sized entrepreneurial stocks dived severely, and Dongfang Fortune also returned to flat prices.

"Get ready, the crash is coming." Gu Junhao calmly said to the three of them.

The intraday highs of the Shanghai Composite Index did not break the dive, and the continuous decline of small and medium-sized enterprises, 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, and the sharp drop was directly in place within a day. This kind of thing was not uncommon in 2015. Even in the middle and late stages, the adjustment can be completed directly in the middle of the day.

The more bullish the market, the more ferocious the dishwashing; in the rising market for many consecutive days, the profit taking is quite heavy, and most investors have the peace of mind of pocketing it.

Once the market performs unsatisfactorily after several consecutive days of adjustments, it will cause a panic-like flight and get out of the trend of heavy volume.

The faster the rise in the early stage, the more fierce the smashing will be. Like today's Yin Zhijie, today's Yin Zhijie's trading market can be described as very dangerous.

The decline has expanded to more than 6% so far, giving artificial people a posture of falling limit today. How many investors among them can hold on to their shares?
As for investors who have just entered the market recently, they are even more at a loss at the moment.

Many people do not have much loss in a bear market. On the contrary, most of the losses are caused in a bull market.

At 13:45, the GEM index fell below 1500 points to 1449.63 points, down 1.74%. Dongfang Wealth reported 13.42 yuan, a new intraday low.

In the trading room, it seemed extremely quiet. Except for Gu Junhao who was able to remain calm, the other three breathed a little harder. They hadn't seen such a ferocious trend on the way up.

"Don't panic, this kind of trend will appear frequently in the future." Gu Junhao looked at the three people who were a little nervous and smiled.

"Boss, why don't you panic at all, we should be numb today." Xu Jianqing looked at Gu Junhao and said, he also learned the word numb from Gu Junhao.

Unknowingly, Gu Junhao's vocabulary, which is more advanced than now, has deeply affected the three of them.

"Don't care about the intraday trend, but focus on the long-term." Gu Junhao said, and then asked Xu Jianqing to call out the trend of Yin Zhijie, and analyzed to the three of them: "Look at the trend of Yin Zhijie.

"From the daily line, Yin Zhijie's trend is still in a bullish trend. Although the stock price fell below the [-]-day line, it has not broken the [-]-day line, right?"

Xu Jianqing nodded quickly, and the ten-day line price was about to reach Yin Zhijie's lower limit price; then, under Gu Junhao's order, he called out Yin Zhijie's weekly trend.

Gu Junhao continued: "Looking at the weekly line, he has risen sharply for three consecutive weeks. Even if he fell 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, our position is too high, otherwise today is really a good opportunity, a good opportunity to increase our position."

At 14:14, 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. By 05:13.31, Dongfang Fortune reported 2 yuan, a drop of close to [-]%.

"The opportunity is coming, Ruoyu is ready." Gu Junhao said with a smile, the miracle of 02:30 should not come for the continuous diving behavior of the Shanghai Stock Exchange Index.

On the contrary, if the miracle at 02:30 does not come, it may be near the intraday low of the whole day at that time. If there is no miracle, it will collapse.

Time was passing by while waiting. At 14:17, Dongfang Fortune's trading volume began to increase, and the stock price also dropped rapidly. Gu Junhao glanced at the GEM index: 1490.75.

"Get ready to start, all below 13.18 yuan." Although the buying price may be higher than the closing price during the rapid decline, the cost of opening a position will increase a lot, but the volume is large, and it is much more convenient to buy.

According to the existing amount of funds, Dongfang Fortune bought more than 8000 lots. For such a large order, the price of the order must be higher than that of ordinary investors who buy tens 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, and the first order has been sold, with 1398 lots and a transaction price of 13.16 yuan.

One minute later, the decline of the GEM expanded to 1%, the Shanghai Composite Index fell below 2.87 points, and the panic accelerated within the day.Numerous stocks on the disk fell rapidly, but the stock price of Dongfang Fortune did not hit a new low again.

13.14 yuan is the low point of Dongfang's wealth during this time period. Perhaps Wang Ruoyu's large purchase also played a certain role in boosting the stock price.

At 14:30, when the three major indexes continued to expand their losses, Dongfang Wealth rose to 13.29 yuan, and Wang Ruoyu also suspended buying.

The panicked decline of the two cities and the rebound of the shrinking Dongfang Fortune, all of which were seen by Gu Junhao.

"In the last half an hour, it's still going to fall, how much is left?" Gu Junhao asked Wang Ruoyu.

"I bought more than 13.16 lots at the price of 4200 yuan, and I still have about 600 million funds left." Wang Ruoyu replied, Xu Jianqing has made a small profit in the past few days in T, and the amount of funds has also increased by several 10 yuan.

"600 million, that's not much, let's buy it near the call auction." Although Dongfang Fortune, which rose to around 14.29 yuan, continued to pull back, the trading volume was still too small, and the amount just bought was already quite a lot .

Gu Junhao also didn't want to alert the market when the trading volume was small; the sense of big funds should not be underestimated; this can be seen from the fact that Dongfang Fortune fell ahead of the GEM index.

At 14:45, Dongfang Fortune returned to the price of 13.19 yuan, the Shanghai Composite Index remained oscillating around 2290 points, and the decline of the ChiNext Index also tended to be stable.

At this time, the GEM index, which has been unilaterally declining throughout the day, and the Shanghai Composite Index, which has plunged in the afternoon, can be regarded as stable.

At 14:56, Dongfang Wealth reported 13.07 yuan, the lowest price of the whole day was also created during the fall during this time period, 13.02 yuan, just stopped above the 13 yuan integer mark.

Gu Junhao asked Wang Ruoyu to put all the funds in, and the pending order was 13.08 yuan, without splitting the order.

At 15 o'clock, Dongfang Fortune's auction showed that 12016 lots were traded, and the stock price closed at 13.03 yuan. Wang Ruoyu's 4600 lots were also successfully traded. Before the dive at 02:30 p.m. to the close, a total of 8800 lots were bought.

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 chips.

At this moment, Junshi No. 1, except for Wanan Technology, has three major positions with more than 17200 chips, Dongfang Fortune holds 12800 lots, Xibu Securities holds 11000 lots, and Yin Zhijie holds [-] lots.

The position has also returned to the full position. Although it is said that the trading mode must be adjusted and the full position operation will no longer be continued; however, it is still relatively rare for a one-time adjustment to be in place during a sharp drop like today.

Today, the two cities fell sharply in heavy volume. With a turnover of 2377 billion yuan, the Shanghai Composite Index fell by 42 points and 1.82%, creating the largest single-day drop in the past six months. The turnover of more than 2000 billion also shocked the two cities. .

The Growth Enterprise Market Index also fell on a large scale, with a turnover of 498.9 billion yuan, a sharp drop of 3.47%. The Shanghai Composite Index broke 2300 points to 2296.55 points, and the ChiNext Index broke 1500 points to 1473.13 points.

More than 2100 individual stocks in the two cities fell, and there were not a few stocks that fell by more than 5%. Gu Junhao had two positions, Tong Huashun fell 6.07%, and Yin Zhijie fell 7.17%.

The remaining three stocks also fell a lot. Dongfang Fortune fell 3.98%, Xibu Securities fell 3.11%, and Wanan Technology also fell 4.81%.

The four positions all ended in sharp declines. The intraday net loss of 241.78 million yuan also created the largest single-day loss of Junshi No. 8800 since its establishment. Even the last [-] lots of Dongfang Fortune were in a state of intraday loss.

The decline within one day almost completely offset all the gains made last week, and Junshi No. 6908.46 also returned to below 7000 million yuan with a total scale of [-] million yuan.

This is the consequence of not reducing positions at high positions.

"Oh, today our fund dropped a house in one day." After the market closed, Xu Jianqing exclaimed. After listening to the advice of the boss, Xu Jianqing has been paying attention to houses recently and is also more sensitive to house prices.

"That's right, the fall is indeed a bit hard. Fortunately, today is not Friday, so there is no need to announce it, haha." Gu Junhao said nonchalantly. Anyway, it is all profitable, and it's not that it can't be pulled back.

However, today's three major indexes and most of the individual stocks are heavy-duty sticks. Even a stock like Wan'an Technology, which no one cares about, has a trading volume of more than 4000 million yuan today.

The real Black Tuesday made the investors in the market deeply feel the cruelty of the stock market, and also taught the three new traders of Junshi Capital a deep lesson.

Of course, the reason for Junshi No. [-]'s plunge today is more due to Gu Junhao, and the adjustment of the index in June and July is also relatively large, but because the position has been lightened very early, and the overall size of the fund is not as high as it is now, the three of them feel bad. deep.

Today, as high as 85% of the positions caught up with the big drop, unintentionally, it can be regarded as a lesson for the three of them by my big A, teaching everyone how to behave.

"Okay, adjust normally, don't be 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 him.

However, what Gu Junhao said is also true. Today, the two cities have continuously fallen below the 20-day line and the 20-day line, and are infinitely close to the [-]-day line. I believe that the two cities can stand up again.

Today's adjustment far exceeds Gu Junhao's expectations, but this exceeding expectations is a good expectation, much better than those adjustments that have continued to decline. The only pity is that there is no chance to buy Tong Huashun back.

However, Tong Huashun has fallen below the Dayang line on August 8, and the breakout trend has officially formed. In the case of today's heavy volume is not obvious, it still depends on adjustments in the short term, and there is no need to worry about buying.

Changyang has been broken, and looking for a new support point downward is what every stock that adjusts at a high level has to go through, and Tong Huashun is no exception. In Gu Junhao's view, the next support point may be the position where the previous round started.

After get off work, Gu Junhao returned home. Today's big drop did not affect Gu Junhao's mood, it was still the same as usual, but 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 in the group of four in the fund business department: "Boss, Dongfang Fortune has suspended trading."

"Stopped? What the hell?" Seeing this news, Gu Junhao was also a little surprised. Instead of opening the link sent by Wang Ruoyu on his mobile phone, he turned on his computer and checked Dongfang Fortune's announcement today.

Open the stock column of Dongfang Fortune, and there is a new announcement in the announcement area. Dongfang Fortune plans to plan equity incentives. After applying to the Shenzhen Stock Exchange, the company’s stock will open on the morning of September 2014, 9 (Wednesday). Suspension.

"Stop trading for such a stupid thing? Is this intentional?" Gu Junhao said a little speechlessly. Before, he knew that Dongfang Fortune had something about equity incentives, but based on the thinking of later generations, Gu Junhao didn't expect to suspend trading.

Article [-] of the Principles for Trading Suspension and Resumption of Stocks of Listed Companies stipulates that listed companies should suspend trading prudently, with the principles of non-stop trading, short-term trading suspension, and intermittent trading suspension.

For listed companies, such things as equity incentives are considered major matters, but they do not need to be suspended. This kind of suspension that does not involve major asset restructuring and business changes is completely unnecessary.

"Are you afraid that the chips will be scattered due to continuous declines? Or are you afraid that retail investors will copy too much?" Gu Junhao couldn't help thinking that it is not unusual for listed companies to use announcements to match their main funds in this era.

Fortunately, I didn't hesitate today. I bought it at the end of the day. It's better to stay inside than wait outside. This kind of suspension, which is not a big deal, shouldn't last long. It will take a day or two at the earliest, and it will be next week if it is the slowest. It can be released.

However, Dongfang Fortune's trading suspension was a wake-up call to Gu Junhao. According to Yin Zhijie's specific reply time to the Securities Regulatory Commission, it should be from the 25th to the end of this month, and a reply must be made.

Dongfang Fortune uses the trading suspension rules for this trivial matter. A stock like Yin Zhijie that involves major asset restructuring will definitely use the trading suspension rules and the sharp drop of the Shanghai and Shenzhen stock market indexes to wash the market.

Looking at the trend of Yin Zhijie's two big 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 there is no accident, within this week, Yin Zhijie will also suspend trading."

Turning off the computer, Gu Junhao said to himself, when he thought of the continuous suspension of several stocks in his positions within a week, Gu Junhao also laughed, and there was Xibu Securities behind him, so he didn't know whether he should suspend trading.

The stock market in 2014 was so interesting when the rules and regulations were not strict.

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(End of this chapter)