The Road to Rebirth Finance

Chapter 223 Performance after the Big Drop (Two in One)

Dongfang Fortune's unexpected suspension of trading also disrupted Gu Junhao's trading plan. He originally wanted to observe the trend of Dongfang Fortune to confirm whether the GEM index was in place.

However, since such a thing has happened, there is no other better way than to deal with it.

"I hope I don't stop for too long, otherwise the net value of the fund this week will be too ugly." Gu Junhao said to himself.

It is a very painful thing for funds to be locked up in stocks and cannot be traded for a long time. In my previous life, when thousands of stocks fell to the limit, I had this experience with the stocks in my hand.

As for operations such as capital betting on ST's backdoor, actively seeking suspension of trading, it is different from Dongfang Fortune's passive suspension of trading.

In other words, this year's restructuring theme is also a hot topic in the A-share market. Since the beginning of the year, many stocks have doubled in this round of market prices.

In the few years before the registration system was officially released, backdoor listings have always been a hot topic, such as Yinzhijie, although it is not a backdoor, but it is also a hot topic.

Dongfang Fortune's trading suspension also gave Gu Junhao some expectations for Yin Zhijie's trading suspension, as long as he hoped that these two stocks would not be suspended for too long at the same time.

Originally, my peers, as well as some people who are more concerned about themselves, have almost confirmed that they hold Dongfang wealth heavily.

When the stock prices of Xibu Securities and Wanan Technology have not changed much, if the two heavyweight stocks are suspended at the same time, the net value of the fund will remain unchanged after the sharp drop.

That is almost a real hammer for the holdings of Junshi No. [-].

There are not a few people who have been guessed by Gu Junhao. During the trip to the Shanghai stock market last week, at dinner and exchange meetings, many colleagues wanted to inquire about the positions of Junshi No. [-].

However, Gu Junhao changed the topic no matter whether it was a clear question or a side note; as for the position, it is possible not to disclose it or try not to disclose it as much as possible.
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"Dongfang Fortune's trading has been suspended. If it stays long enough, we can probably determine the specific position of Junshi No. [-]." Wang Chao looked at Dongfang Fortune's announcement.

Although he admires Gu Junhao in private, but public is not fair, private is private; in terms of fund performance, Wang Chao still wants to compete with Junshi No. [-].

Among the dispatch rankings announced last week, Henghua No. 1.5224 ranked second with a net worth ratio of [-]. There is still a long way to go from Junshi No. [-], but Wang Chao did not give up.

Perhaps, the suspension of Dongfang Fortune is a good opportunity.

Regardless of whether Gu Junhao admits it or not, Wang Chao believes that Junshi No. [-] must hold Dongfang Fortune, which has a heavy position, and through the suspension of Dongfang Fortune, its specific position can be judged roughly through the change in net worth.

The income during the suspension period is 0. If the position is heavy or even full, then the income in the next few days of Junshi No. [-] this week will definitely change very little.

However, all of this must be based on the premise that Dongfang Fortune has been suspended for a long enough time.

"Theoretically, it won't be suspended for too long. The suspension of equity incentives is only a week at most." Shi Xin replied.

"Indeed, in fact, it doesn't work for us. In essence, we still need to increase our rate of return." Wang Hao sighed.

Knowing what to do, before seeing Gu Junhao himself, Wang Chao had given up the idea of ​​blocking Junshi No. [-] through abnormal means.

After seeing Gu Junhao himself, Wang Chao wanted to defeat Junshi No. [-] from the front and regain the number one position.

"It's not useless. Knowing the approximate position of Junshi No. [-], we can adjust our own position."

Shi Xin said, in fact, Dongfang Fortune fell sharply yesterday, and Shi Xin wanted to persuade Wang Chao to increase his position in Dongfang Fortune. In his opinion, real profits are not as important as competing for the number one ranking.

Even if it is following the trend, so what; as long as it can make money and bring tangible benefits to customers and the company.

However, Wang Chao did not adopt Shixin's suggestion. Henghua No. [-] currently also holds a part of Dongfang's wealth, but the specific position is not heavy. During this round of adjustments, Wang Chao reduced his holdings a lot.

Obviously, in Wang Chao's view, the number one private equity ranking is more attractive, and this is a great opportunity for him to become famous.

I was already infinitely close to this position, as long as I don't make mistakes, follow the current style of steady and steady development, and keep the income.

But who knows, if Gu Junhao came out halfway and bought Dongfang Fortune following the trend, he might be able to get a good rate of return, but he definitely couldn't beat Junshi No. [-].

However, the suspension of Dongfang Fortune gave Wang Chao new hope.
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On Wednesday, Gu Junhao, who came to the trading room, faced Wang Ruoyu's inquiring eyes and said, "It's okay, a normal suspension of trading is a good thing."

Generally, after this kind of suspension of trading after a sharp drop, as long as the market does not experience a continuous sharp drop during the suspension period, after the resumption of trading, no matter whether it is good or bad, there will be a process of supplementary growth.

On the contrary, if there is a continuous sharp drop in the market, even if it is an absolute benefit, it will affect the income, or even make up for the drop.

Monster stocks are an exception!But Dongfang Fortune is obviously not in the ranks of demon stocks.

The performance of Dongfang Fortune after the resumption of trading depends on the performance of the Shanghai and Shenzhen stock markets after yesterday's sharp drop. The longer the suspension, the greater the variables.

Wang Ruoyu also seemed to be infected by the boss's self-confidence, and his mind was settled; however, there is really nothing to do today, as long as he wants, he doesn't need to watch the market.

"You don't have to envy me today, haha." The relaxed Wang Ruoyu said to Xu Jianqing and Liu Tingting.

It made the two of them roll their eyes, and Gu Junhao couldn't help laughing secretly when he saw Wang Ruoyu's vigor, and Yin Zhijie would most likely suspend his cards.

It's time to see how you deal with Xu Da's crazy talk.

At 9:25, the call auction ended, the Shanghai Composite Index opened at 2298.98 points, and the ChiNext Index reported 1473.52 points.

"The mood at the opening is okay." Gu Junhao said to the three of them. Today, Dongfang Fortune suspended trading, and everyone is relatively relaxed.

Among the three tradable positions, apart from Wanan Technology, which opened lower, Xibu Securities and Yin Zhijie, two stocks representing big finance and high corrections, both started with a high start.

Tong Huashun also opened higher, at 23.36 yuan, and Yin Zhijie opened at 23.10 yuan, up 0.87%.

Whether it is individual stocks or the index, they all performed well at the beginning, and the sentiment does not seem to be affected by yesterday's sharp drop.

This is the performance of stocks in an upward trend. No matter whether the market falls sharply or not, there is no shortage of funds to try to buy bottoms and rebound.

On the contrary, on the way down, even if the stock has reached the normal valuation, or even below the normal valuation, there will not be too much buying.

This is the case with A-shares. When they rise up, they can go up like crazy, and when they fall, it doesn't matter what your valuation is. Normal valuations can cut you in half.

Dongfang Fortune suspended trading, and Gu Junhao could only devote more energy to the index and Yin Zhijie today. As for Tong Huashun, who is personally holding a position, in Gu Junhao's view, it is far from the time to buy the bottom.

When the official trading started, the GEM index fluctuated and went down. Yin Zhijie's performance was much faster than the GEM index. At 9:31, the stock price fell from 23.10 yuan to 22.88 yuan.

The stock price instantly turned green. However, on the time-sharing transaction chart, Yin Zhijie only sold 213 lots.

"Normal performance, yesterday's bottom-hunting funds, today's high opening wants to make a profit and flee, and some panic stocks who are afraid of falling are also eager to flee."

As long as there is no heavy volume, it's fine; don't worry if the big money doesn't run away.

Every time a big drop opens higher the next day, most individual stocks will experience severe shocks in the morning, as to whether they can withstand the shocks.

This depends on the trading volume, which determines the trend of the stock price.

At 9:35, Yinzhijie’s stock price fell by more than 1%, and the stock price broke the 10-day line. At the same time, the growth rate of entrepreneurship also closed up to around 0.2%.

The trend of individual stocks in the Shanghai and Shenzhen stock markets has gone out of a trend similar to that of Yin Zhijie, and the two markets are undergoing violent shock adjustments.

At 9:37, the GEM index turned green, Yinzhijie reported 22.45 yuan, and the decline expanded to 2%. Judging from the time-sharing trend chart, the morning trend of Yinzhijie is similar to yesterday morning.

It seems that Yin Zhijie will experience another big drop today, but judging from the trading volume in the morning, the shrinkage of Yin Zhijie during this period is extremely obvious.

In the trading market, there are very few selling orders of more than 100 lots; on the contrary, there are not a few buying orders of more than [-] lots.

At 9:40, the ChiNext Index accelerated its decline, and the decline expanded to more than 0.5%. Five minutes later, the ChiNext Index reported 5 points, down 1457.67%.

"The shock is very violent." Looking at the time-sharing chart of the GEM index, Gu Junhao couldn't help sighing.

During the 15-minute trading time, the ChiNext Index retreated by more than 1.5%. Under this 1.5% violent shock, how many stocks experienced a tragic correction.

Just like Yin Zhijie, the share price of Yin Zhijie has fallen to 22.05 yuan at this moment, a drop of up to 3.77%.

In the three trading days of this week, Yin Zhijie fell from the opening price of 25.70 yuan to the current price of 22.05 yuan, a drop of up to 16.55%.

Investors who bought at this week's opening price suffered heavy losses in three trading days; the time-sharing chart, like a sharp weapon, ruthlessly plunged into the hearts of those chasing highs.

Yin Zhijie, which resonates with the index, has seen a significant increase in trading volume compared with the opening in this stage of rapid decline.

Within 5 minutes, Yin Zhijie's transaction reached as high as 1000 million yuan, and the selling orders were still dominated by retail investors with less than 100 lots.

22.05 yuan is already close to the psychological price of the chasers, and if it falls further, it will enter the deep lock-in stage, close to the mentality of collapse, and the leeks can't wait to cut their flesh out.

"It's almost there. The panic should be temporarily over." Seeing that the outflow of retail investors is accelerating, Gu Junhao said.

The GEM index rebounded quickly, and the lowest price of Yin Zhijie this round was fixed at 22 yuan. Retail investors who sold at 22.05 yuan may feel psychologically comforted when they see the price of 22 yuan.

However, this comforting mentality did not last long. Yin Zhijie also rebounded quickly after slowing the rebound of the index, and reported at 9 yuan at 50:22.30.

Seeing the rapid rebound of the index and the stock price, the leeks who had just cut their meat seemed extremely flustered at the moment, and rationally felt that they should have made a mistake.

Rationality tells me that I should buy it back, but after all, reason cannot overcome panic, and in the end, I can only watch the stock price go up step by step.

Investors who sell at the lowest point probably feel this way.

"Is this going to rebound?"

Seeing that the GEM index quickly rebounded to around the flat point, and the decline had narrowed to 0.3%, Xu Jianqing looked at Gu Junhao with some excitement.

"How can it be so fast, just finished killing the first wave of panic disk, no matter what happens, it will have to shake a few more times." Gu Junhao said with a smile.

Big money that can make large profits in the stock market, or even control a stock, is cold-blooded in trading.

Including Gu Junhao himself, this is the case, and he is also merciless when it comes to smashing the market, and he doesn't care whether the market can hold it or not.

In the case of wide fluctuations in the GEM index, how could the main funds miss this excellent opportunity to wash up at such a good time.

After Yin Zhijie rebounded to around 22.35 yuan, it started a low-level shock mode within the day, and its stock price remained within a narrow range between 22.35 yuan and 22.26 yuan.

At the same time, the ChiNext Index seemed to have a much wider range of shocks. It took only 0.6 minutes for the index to rise from a decline of 15% to a red rise.

At 10:30, as the GEM index turned red for the third time in a day, Yin Zhijie ushered in a small-scale rise, and the stock price rose from 22.26 yuan to 22.59 yuan, and the decline narrowed to 1.35%.

"It looks like I can't wash anymore today, and it's almost finished." Gu Junhao continued to explain in real time.

Above the trading market, sell orders for 100 shares began to appear continuously. This was also a signal that Yin Zhijie had bottomed out. This phenomenon had occurred in the bottom area of ​​Yin Zhijie before.

At eleven o'clock, after the GEM index rose to 1478.68 points, within half an hour, the GEM index, which peaked briefly, restarted the oscillating downward mode.

In this half hour, Yin Zhijie's stock price performance was much stronger than that in the early trading, and the stock price remained in the range of 22.50 yuan, and the decline was not as rapid as in the early trading.

Yin Zhijie seems to have returned to the previous period when the index was against the child, and the trend ran counter to the index.

At the close of noon, Yinzhijie closed at 22.62 yuan, a decrease of 1.22%. The GEM index returned to the high level and closed at 1464.20 points, a decrease of 0.61%.

The integer price of 22 yuan is the lowest price of Yinzhijie in the morning. Regardless of the fluctuation, Yinzhijie's stock price has never returned to this position.

This also made ordinary investors who sold near the low of 22.05 yuan in the morning regret it. They can only hope that the high-level diving of the GEM index can once again lead to collapse.

"It seems that Yin Zhijie has almost finished washing." After the market closed, Gu Junhao said to Xu Jianqing. During this round of washing, Gu Junhao hardly participated in the transaction.

The 11000-hand position has suffered a large retracement, but judging from the pull-up after Yin Zhijie washed up along the [-]-day line in a posture of breaking the position this morning.

Yin Zhijie should have almost washed it. If he can regain the price of the [-]-day line today, it will be considered a success for Gu Junhao.

Except for Yin Zhijie, which experienced a slight increase in volume during the rapid decline in the morning, the trading volume of Yin Zhijie during the shock adjustment period was very scarce.

In the process of pulling up, Yin Zhijie slowly released volume energy. As long as the trading volume in the morning is maintained in the afternoon, Yin Zhijie's trend will not be too ugly.

Trading continued in the afternoon, and the ChiNext Index maintained a volatile downward trend, and Yin Zhijie also ushered in an adjustment during this time period.

However, Yin Zhijie, who is undergoing adjustment, is still much stronger than the index. Since the rise at 10:35 in the morning, Yin Zhijie has never fallen below the intraday moving average.

As for the adjustment in the afternoon, when the index returned to the lowest point of 1456.50 and hit a new intraday low, Yin Zhijie still failed to fall below the intraday average price of 22.40 yuan.

At 13:19, Yin Zhijie slowly started to rise when the GEM index hit a new low in the day, and the stock price slowly began to rise from the price of 22.40 yuan.

At 13:30, Yinzhijie reported 22.70 yuan, and the trading volume began to gradually increase; at this time, the GEM index also tended to bottom out within a day.

The adjustment within the day may end here; at 13:40, after 20 minutes of slow rise, Yin Zhijie became popular again within the day, at 22.94 yuan.

Not only Yin Zhijie, but also a large number of small and medium-sized start-up stocks in the Shanghai and Shenzhen stock markets have also rebounded during this period of time, and there are countless stocks that have turned red.

Gu Junhao's Tong Huashun performed fairly well today, and the stock price remained at the red plate position after opening slightly higher throughout the day.

In the two major retracements of the ChiNext Index, Tong Huashun has never fallen below the opening price, and its performance is far better than that of other stocks.

However, Tong Huashun's transaction volume has shrunk significantly today. According to Gu Junhao's estimate, it should not exceed 8000 million yuan.

"Instead of shrinking and rising, it's more practical to fluctuate in a wide range like Yin Zhijie." This was Gu Junhao's evaluation when Xu Jianqing asked Gu Junhao if he wanted to buy the bottom.

Yin Zhijie, which was fluctuating upwards, ushered in the moment of turning red again after turning green slightly at 14:22, and the trading volume remained at the normal level.

Two minutes later, Yin Zhijie reported 2 yuan, refreshing the opening price.

At 14:30, the Shanghai and Shenzhen stock markets, which were extremely volatile throughout the day, ushered in a miraculous moment. The Shanghai Composite Index took the lead in achieving red, followed by the ChiNext Index.

Yin Zhijie, Junshi's No. 23.22 heavyweight stock, ushered in the highlight moment of the whole day at this moment. The stock price reported 1.40 yuan, an increase of [-]%.

The two cities turned red and entered a state of rising in late trading. Yinzhijie's stock price continued to rise. At the close of the whole day, Yinzhijie closed at 23.75 yuan, a surge of 3.71%.

Yin Zhijie, with an amplitude of nearly 8% throughout the day, just like the GEM index, closed a very long lower shadow bald and positive trend on the K-line.

The overall gains in the Shanghai and Shenzhen stock markets today are not too large. The Shanghai Composite Index rose 0.49% to close at 2307.89, while the ChiNext Index rose 0.41% to 1479.02 points.

However, the two markets, which have been shrinking and rising throughout the day, are extremely volatile today, and the bull market wash is far more fierce than the bear market.

The closing of the two markets showed a trend of long shadow and bald head, which also seems to indicate that this round of adjustment is coming to an end. The two stocks of Xibu Securities and Wanan Technology also ended up rising today.

The Shanghai and Shenzhen stock markets, as well as most individual stocks, which have all become popular, have brought great harm to investors who cut their flesh in the morning.

Among them, Yin Zhijie performed even worse. Yin Zhijie made an announcement in the evening, which dealt a fatal blow to the investors who cut their flesh in the early trading today.

Yinzhijie announced on the evening of September 9 that the company received a notice from the China Securities Regulatory Commission on September 17, 2014. The committee members of the merger and reorganization group of listed companies will hold a working meeting in the near future to review the company's issuance of shares to purchase assets.

Trading of the company's stock will be suspended from the opening of the market on September 2014, 9, and trading will resume after the company announces the audit results.

"Damn it! It's suspended, and it's sold out."

"What the hell, the 22.10 yuan meat cut in the morning is the lowest price."

"Gouzhuang is just waiting for the 200 shares in my hand, and if he doesn't sell it, he won't buy it, and he will be fulfilled."

Yin Zhijie, who brought great benefits and suspended trading, brought endless pain to those who cut the meat. With no major changes in the market conditions of the two cities, today's sale is already doomed; and for Gu Junhao, it is also a headache things.

Calculated based on real-time prices, Dongfang Fortune and Yin Zhijie's two stocks held positions as high as 4853.66 million yuan, accounting for [-]% of the positions in Junshi No. [-].

The most worrying thing still happened, [-]% of the positions were suspended, and the market value and liquidity were almost locked up, which was quite a headache for a fund.

However, it may be luck, or it may be that the main capital of Dongfang Fortune urged the announcement to resume trading after seeing that the Shanghai and Shenzhen stock markets are expected to end the adjustment. Perhaps the suspension of equity incentives is just a cover to avoid adjustments.

At midnight, in the dead of night, Dongfang Fortune quietly issued an announcement on the resumption of trading. The announcement of Dongfang Fortune was very simple: "After application, the company's shares will resume trading from the market opening on September 2014, 9 (Thursday)."

In a simple sentence, Gu Junhao, who was sleeping, didn't know that his headache had been solved. Perhaps, in the dark, the traveler also had this kind of luck.

　Happy April and good luck investing

　　
　
(End of this chapter)