The Road to Rebirth Finance

Chapter 297 Obtaining a Certificate (Two in One)

Since the beginning of this year, the continuous unilateral rise of small and medium-sized growth stocks has led to the rapid rise of the ChiNext Index in the process.

In the past ten or so trading days, the index has continuously set new record highs.

The increase in Dongfang Wealth is not the most eye-catching among a series of growth stocks.

However, after a round of rising for more than 10 days, Dongfang Fortune, whose stock price has been selling all the way, has officially become the No. 540 stock in the GEM market value, reaching as much as 589 billion yuan, and the dynamic price-earnings ratio has reached [-] times.

According to public information, up to now, Dongfang Fortune has more than 60 large and small institutions holding this stock, with a cumulative position of more than 1.36 million shares, and the phenomenon of institutional clustering is very obvious.

And a large-scale drop caused Dongfang Fortune to shift from the previous evaluations of "increasing holdings" and "buying" given by brokerages to a bearish trend.

After being bearish by the market, the trend of Dongfang's wealth is naturally not much better.

Some market analysts believe that the plunge in Dongfang's wealth is not only caused by external factors in the market, but its frighteningly high valuation makes some investors doubt the rationality of the market.

In addition, an analyst in the brokerage industry who did not want to be named said in an interview with the media: "Dongfang Fortune is involved in the current hot concept in the market. It is not uncommon to be hyped in the A-share market. Internet concepts are highly sensitive to the market. Once the market weakens, fluctuations are inevitable.

From the perspective of current valuation, it is too exaggerated. From the perspective of investors, it is recommended to reduce positions to avoid risks. "

In addition, industry insiders close to the regulatory level revealed that the regulatory layer will not allow the mad bull market to continue, which is not conducive to the regulation and control of the capital market.

The performance of Dongfang Fortune is not enough to support the continuation of his hot market, and it is difficult to have such a large incremental capital to enter the stock market again.

A heavy drop, all kinds of monsters and ghosts appeared.

However, in Gu Junhao's eyes, all of this was a joke.

The current total market value of Dongfang Fortune is just over 500 billion yuan, which is like a newborn child compared to the market value of about 2500 billion yuan in later generations.

"This group of sand pens sing long when it rises sharply, and sell short when it falls, and the stock price trend is not bad. Are you out of the game?"

Looking at this type of analysis in the office, Gu Junhao couldn't help laughing and cursing.

At the beginning of last year, there were some reliable analysis. After the stock market soared, all kinds of strange people appeared, and there were more and more unreliable ones.

Similarly, negative remarks about Tong Huashun, another leading stock in the Internet finance sector, also appear from time to time.

These two stocks, together with Yin Zhijie, are currently considered to be one of the most popular stocks on the GEM.

As for the trading in the last week of January, the performance of the two cities was indeed very weak, without the previous ups and downs.

Since the ChiNext hit a high of 1700 last week, it has also experienced a 3% drop, and the stock index has returned to below 1700 for adjustment.

Tonghuashun, Yinzhijie, and Dongfang Wealth, which peaked in the short term, did not perform satisfactorily. They continued to adjust downward along the [-]-day line, and small and medium-sized entrepreneurial stocks entered an overall adjustment period.

The performance of the broader market during this period of time was not particularly good. Since the refresh of 3400 points last Friday, the second round of downward adjustment has begun.

For Dongfang Fortune, with so many institutions gathering together, not all institutions will do T within a day, and a large part of them are long-term holdings. For example, Gu Junhao has 2 shares locked up.

It is true that for a period of more than 50% of the daily limit, the market value is already the number one stock on the GEM, and some institutions will choose to take profits, but this will not affect his overall trend.

These empty songs are more for small and medium-sized institutions like Gu Junhao and ordinary retail investors.

There are certain principles for large institutions to hold shares, not to mention that the current trend of Dongfang Fortune is very close to the trend of securities companies.

Before 2015, more of Dongfang Fortune’s businesses came from the Internet, such as fund sales.

After entering 2015, since the acquisition of Tongxin Securities, the fundamentals of Dongfang Fortune will undergo qualitative changes, and its business style is also fundamentally different from Tong Huashun.

At present, Dongfang Fortune does not have a brokerage business. Although he is very familiar with Dongfang Fortune, Gu Junhao really doesn’t remember when the brokerage business of Dongfang Fortune started. He only remembers that he once had a long time suspension.

Thinking of this, Gu Junhao's eyes rolled slightly: "Aren't you singing empty words, then I will increase my holdings, hehe."

Immediately, Gu Junhao, who was thinking about it, picked up the phone on the table and dialed the internal dedicated line of the Fund Business Department.

It was Xu Jianqing who answered the phone: "This week, you increase the Dongfang fortune of Junshi No. 6 to 4 lots, and Junshi No. [-] to [-] lots."

According to the current capacity of the two funds, the market value of Dongfang Fortune, which has increased its position to 10 lots, is currently about 4 million yuan, which is relatively high, accounting for about 3.5% of the overall scale.

Last week, both Junshi No. 10 and Junshi No. [-] had retracements to varying degrees. Due to the limited position of Junshi No. [-], coupled with the increase in brokerage stocks and the rebound of several other weights, the net worth retracement was not large. Barely maintain a scale above [-] billion.

Dongfang Fortune's total position increased to 10 lots. This is Gu Junhao's response to the brick media and analysts.

Of course, this has something to do with his familiarity with the trend of Dongfang's wealth, and this increase in positions is not unreasonable.

From the perspective of ordinary investors, the current wealth of Dongfang is indeed very overestimated.

Except for some people who receive money to do things, most investors and even analysts do not have the perspective of God, and all they can see is the present.

And some experts may have thought his remarks were ridiculous at the time; but in the long run, he was actually speaking out in response to changes in the environment.

For example, a very well-known brickman surnamed Li on the Internet has been singing blue-chip stocks after the stock market crash.

And if the timeline is extended to the years after the stock market crash, it is not unreasonable for him to sing too much.

At least if you listen to him and don't buy the five black stocks, you can reduce a lot of losses in the stock market crash.

As an investor, you must have a pair of eyes that are good at analyzing information when it comes to news.

However, in general, when buying and selling stocks, you must first have your own standards and expectations, and you must conform to your own thinking, instead of listening to the interference of some outsiders' words, so as to achieve self-centered investment.

January has entered the last week of trading. Since the beginning of this week, the Shanghai Composite Index has continued to shrink in volume. The stock index rebounded on Monday and did not break through the high point of last Friday. The trend of the high cross in January failed to break .

Entering this Tuesday, in the afternoon, brokerages, insurance, banks and other heavyweight sectors dived again, and the collective body once again slumped crazily, causing the index to fall nearly 3% in the intraday session, which shocked investors into a cold sweat.

With the tightening of supervision and the approach of the Spring Festival, in order to speed up the promotion of the registration system, the regulators have also publicly expressed their attitude and will make this year's market a moderate bull market.

The management hopes that the future market trend will remain mainly in a small adjustment or rise, rather than a large and rapid rise like the end of last year.

A series of reasons exacerbated the divergence of funds inside and outside the market, which can be seen from the big dive in the intraday and the rapid rebound after the dive.

The idea is certainly good, but for the profit-seeking financial market, it is obviously not that simple to achieve perfect regulation. Large-scale financial capital often has too many uncontrollable factors.

Gu Junhao knew that the registration system, which the regulators were eager to implement in 2015, had actually been postponed until after 2020 before it was partially implemented.

And the comprehensive registration system was not realized in 2022 before his accident.

The overall market in January is among small and medium-sized growth stocks, and on the main board, the Shanghai Composite Index jumps up and down around the whole month, and the overall weighting effect is very general except for the North and South Shenche.

January 1th, Thursday; this day is Gu Junhao's birthday in the Gregorian calendar. After today, he will be 29 years old.

Due to the leap month this year, Gu Junhao's birthday in the lunar calendar will come later than in the solar calendar.

Gu Junhao was born on January 1992, 1. The lunar calendar is the 29th of the twelfth lunar month in 1991, and today is the tenth day of the twelfth lunar month. There is still half a month to his birthday in the lunar calendar, and 25 days to the New Year's Eve in the lunar calendar.

On this day, Gu Junhao and Zhang Yiru came to the Civil Affairs Bureau of Beicang District according to the agreed time, and they were going to get the certificate today.

After taking the marriage certificate, the two are officially married, and they will choose to take their wedding photos on a spring day.

Everything is no different from ordinary young people, and it is quite interesting to choose to get the certificate today; originally Gu Junhao wanted to get the certificate on Zhang Yiru's birthday, which is before the engagement on New Year's Day.

Zhang Yiru's birthday was December 1991, 12, the ninth day of the winter month of the lunar calendar. Her date was the same as usual. Gu Junhao wanted to go to collect the certificate on the ninth day of the winter day, that is, December 14th, but Zhang Yiru was not happy.

"In that case, I will miss one festival, and my life will lose its sense of ritual." These are Zhang Yiru's original words.

Gu Junhao thought very well, the birthday is the wedding anniversary, so the probability of forgetting the wedding anniversary after many years is relatively small.

However, Gu Junhao obviously overlooked that girls' emphasis on festivals is far from that of men.

Since it can't be on the woman's birthday, the next date of obtaining the certificate is best except today, which is January 1th. They all belong to Gu Junhao's birthday range, and the probability of forgetting it is not high.

January 1 is the 13th day of the twelfth lunar month in the lunar calendar; however, the word 25 in Yongcheng dialect means cursing, so it is somewhat strange to get a certificate on that day.

The current economic environment is still full of vitality. Young people still look forward to getting married, which is far from the resistance of later generations due to economic pressure.

Although today is not a special day, but near the end of the year, there are still quite a few people who receive the certificate.

It wasn't too late for the two of them to come to the Civil Affairs Bureau, but there were already several couples queuing up, and everyone's faces were filled with joy.

Although Gu Junhao is not tall, his looks are not bad. After Zhang Yiru's experience in the workplace, his temperament is also more outstanding than before. The two are still quite eye-catching in the crowd.

Since Gu Junhao's photos have appeared on the Internet from time to time recently, he can be regarded as a well-known celebrity in Beicang.

Recently, the stock market has been booming, and when he usually goes out, Gu Junhao will occasionally be recognized by others.

During the queuing process, after a while, someone came up to greet Gu Junhao and asked, "Hi, are you Brother T?"

Needless to say, the person who greets Gu Junhao in this way is designated as a friend of Taogu Bar, and may even be a fan of Gu Junhao.

Gu Junhao's current number of fans in Taogu Bar is already a large base.

Gu Junhao also replied with a smile: "Hello, I am."

"Wow, it's really Brother T. Brother T is also here to get the certificate today. Didn't you get married on New Year's Day?"

"That was the engagement banquet, and today is the day to receive the certificate."

"Haha, I didn't expect to get the certificate on the same day as Brother T. Can we take a photo together?"

"No problem." Gu Junhao said, although occasionally he would be recognized by others, but this kind of request for a group photo was the first time, and it was quite new.

After the two took a group photo, the other party asked Gu Junhao curiously: "Brother T, the two funds of your company did not draw back much last week, which is amazing. What do you think of the stock market?"

"Congratulations, the stock market can still go up for a while, just pay attention to risk control while holding positions." Gu Junhao didn't have too many words, but he still expressed his optimistic attitude towards the current stock market.

The other party just chatted casually, and didn't take Gu Junhao's official speech to heart, and then said goodbye politely and went to line up.

The speed of the team moved forward little by little, and when Gu Junhao and Zhang Yiru were in line, Gu Junhao took out the wedding candy that he had prepared in advance, which he learned from the Internet.

It was the first time to obtain the certificate. After making an appointment, Gu Junhao and Zhang Yiru had a good strategy on the Internet.

The staff looked at the couple in front of them, smiled and said nothing; then they asked a few questions about whether it was true or not during the process of going through the formalities, and the procedures were quickly completed.

The moment they got the marriage certificate, Gu Junhao and Zhang Yiru looked at each other with a tacit understanding.

In their eyes, they are each other.

Gu Junhao officially confessed his love on Zhang Yiru's birthday last year. After two years of contact and more than a year of formal love, the relationship between the two started today and entered a new stage.

Later, the two took their marriage certificates and took a few photos like everyone else; at the same time, they also posted their marriage certificates in the circle of friends.

In the evening, the news that the founder of Junshi Capital obtained the certificate was also spread among peers and customers in a small area.

Ren Yetao and Ah Fu, who had some entanglements with Gu Junhao, couldn't help laughing after seeing the news of Gu Junhao's marriage: "This kid, what kind of marriage is he at a young age? His brain is flooded, isn't it good to live a chic life?" ?”

Friday, January 1, is also the last trading day of the month.

Gu Junhao, who had just officially entered the marriage hall, came to the company with a big bag of wedding candy, which made everyone in the company feel his joy.

However, today's stock market did not make people feel any joy.

The Shanghai and Shenzhen stock markets both opened higher and fell all day long, and once plunged more than 2% in the intraday session. The continuous buying of foreign capital is not so effective today.

The sluggish trend before the Lunar New Year is approaching, which has been the case for most of the years.

The trading volume of the two cities shrunk again. After trading throughout the day, the Shanghai stock index once again broke through the major support levels of the daily line. The stock index closed at 3210.36 points, down 1.59%.

In January, the Shanghai stock index fell by 0.75% in total, which was not much, but the profit-making effect was very poor.

The Growth Enterprise Market Index also fell sharply today, but it rose by 14.19% for the whole month, and the stock index reported a maximum of 1759 points.

The GEM index, which has entered the last week of continuous correction, finally closed at 1680.58 points, ending this month's trading with a 1.80% intraday drop.

Among the Shanghai and Shanghai stock markets, if any sector fell the most, it would certainly be the securities companies, and some other heavyweight stocks also did not perform very well, and they all retreated.

Among Gu Junhao’s two brokerages and three Chinese initial stocks, except for Zhongguo CSR, the others have fallen sharply this month.

Zhongguo CSR, which has resumed trading, surged 96.87% on a monthly basis, and its share price reached as high as 14.65 yuan.

Xibu Securities fell 22.56% throughout the month, Huanghe Securities fell 20.81%, Zhongguo Communications fell 13.17%, and Zhongguo Yizhong also fell 3.41%.

Although the trading of the three GEM constituent stocks also declined in the last week, their performance for the whole month is still very good; Tong Huashun rose 20.88% monthly, and Dongfang Fortune rose 37.73% monthly.

Yinzhijie rose by 61.54% in a month, and the stock price reached a peak of 67.88 yuan, which is just a doubling trend from the price of 33.90 yuan at the beginning of the month, showing an extremely strong performance.

From a technical point of view, although the ChiNext Index has ended its weekly three-day positive trend this week, with the expansion of the major weekly moving averages, there is already a bullish trend. As the small and medium-sized entrepreneurial sector that has risen the most in this round of bull market , the points that can be called back are already very limited.

According to Gu Junhao's calculations, the ChiNext Index, which is gradually blooming on a weekly basis, is unlikely to fall below 1600 points again. The index will probably return to the weekly five-day line, which is between 1650 and 1670 points.

As for the Shanghai Composite Index, although experts have been fooling that the 3200 point is a strong support, Gu Junhao does not think that the current weekly line breaks the 3200-day line, and the Shanghai Composite Index, which has broken all major trends on the daily line, can hold the [-] point.

"At 3200 points, I haven't seen where there is support. I guess I will go back to 3000 points. That position is the strong support." At the after-hours meeting, Gu Junhao said to everyone.

Today, Gu Junhao also came to the trading room, mainly to care about whether the positions are filled according to his plan. Needless to say, the constituent stocks of the GEM, although the Shanghai Composite Index is still looking at the adjustment trend.

However, with a retracement of around 200 points, Gu Junhao's cost can still be resisted. When reflected on individual stocks, especially for the brokerage sector that has already had a short-term double bottom trend, the retracement may be around 5%.

After the meeting, Gu Junhao also asked Xu Jianqing: "Have the positions been added as required?"

Since the fund business department was reorganized into the investment department, Gu Junhao, the main person in charge of the two pure funds, has been handed over to Xu Jianqing, and he takes care of all the usual chores.

Gu Junhao only grasped the general investment direction and the position standards for each time period, and Xu Jianqing was responsible for the organization and coordination; while the others were responsible for assisting Xu Jianqing.

If among the three of them, someone can grow up as soon as possible, then Gu Junhao doesn't mind issuing multiple funds at once, which can quickly improve the company's performance.

"Well, it's all added according to the standard you said, boss, but is Dongfang Fortune's position too big?" Although the position was increased according to Gu Junhao's request, Xu Jianqing also expressed his doubts.

Especially since this week, Dongfang Fortune has been falling continuously, and the stock price has fallen from a high to the current 38.51 yuan. Xu Jianqing is also a little worried about all kinds of talk about Dongfang Fortune in the market.

Especially Junshi No. 1.54. As of today, Junshi No. 3.55’s Dongfang wealth holdings are as high as 8.8813 million yuan. After two consecutive weeks of retracement, Junshi No. 9’s overall size has dropped to more than [-] million yuan. , the net worth remained at [-], which has fallen below the net worth rate of [-].

Originally, Xu Jianqing wanted to increase the performance of Junshi No. 10 to 10 this month, so that he would be more successful in the market. A company with an operating fund with [-] times the income would be so glorious ah.

As for the net worth of Junshi No. 10.512, after the position was pulled up to expectations, it remained at 2.1024 billion yuan, and its net worth showed a slight increase of [-].

"Not high, don't listen to the bricks' nonsense, you must have your own analytical skills, and read the financial reports of the business department if you have nothing to do."

　I caught a cold and slept until the afternoon. It is said that someone has recovered from it. Is it true?
　　
　
(End of this chapter)