The Road to Rebirth Finance

Chapter 301 The signal released leads to a change in style
PS: 5K in this chapter, 8K today, my body has recovered a bit, and I will make up slowly.

The end of the Spring Festival holiday means various partings; children will leave their parents, husbands will leave their wives; migrant workers will have to go back to their hometowns.

As one of the highest arrivals, Junshi Capital’s attendance rate was as high as 2% on February 25, the seventh day of the first lunar month, which is quite low.

In order to allow everyone to arrive at work on time, the administrative department has designed a way of opening red envelopes. Those who arrive on time will receive a 1000 yuan opening red envelope in addition to the reimbursement of the fare.

Except for those who really couldn't leave due to family problems, everyone arrived on time.

As in previous years, on the first trading day of the seventh day of the first lunar month, retail investors were still immersed in the Chinese New Year, and most industries had not officially returned to work; the trading volume of Shanghai and Shenzhen stock markets was sluggish, and the fluctuations of the three major indexes throughout the day were not large.

Gu Junhao, who went to work today, also didn't pay much attention to the transaction itself, and his main energy was on the performance of the external market during the holidays and some policy news.

This morning, Gu Junhao noticed that the Financial Times, which the central bank put down, published two consecutive articles yesterday and today; the article pointed out that monetary policy should maintain a moderately sufficient liquidity.

In the next stage, in response to the possibility of deflation, the central bank will make timely and appropriate adjustments to traditional monetary tools such as statutory reserve ratios and benchmark interest rates to maintain moderate liquidity.

As a financial media under the direct control of the central bank, such remarks have also been interpreted by the market as an advance briefing for the later interest rate cuts and RRR cuts, raising expectations for continued loose monetary policy in the future.

The rise and fall of stock prices is directly related to the amount of currency in circulation in the market. No matter what kind of future speculation or speculation there is, what is needed is the driving ability of funds.

Regarding the possibility that the central bank will continue to maintain a large-scale monetary easing policy and the temporary control of the European debt crisis, loose liquidity is undoubtedly a great benefit to the stock market, especially the blue-chip sector.

As for the external market, the Dow continued to set new highs, while the S&P and the Nasdaq fell slightly. The overall performance was relatively stable, and the impact on A shares was relatively small.

The February PMI index announced today was also better than market expectations, hitting a four-month high, and the manufacturing industry has also improved slightly.

A series of factors, coupled with the stabilization of the financial sector; after the second bottom, the market has entered a mild recovery period, and the overall trend is still in an upward trend.

Both data and policies reflect the management's care for the stock market. It can also be seen from this that the administrators really hope to create a slow bullish market like the US stock market.

Regardless of the performance of the Shanghai and Shenzhen stock markets on the first day after the festival, they will not be able to change the upward trend of volatility. Before the trading volume is enlarged, the trend of the two markets will still be moderate.

Trading volume was sluggish, and retail investors were not active enough to participate. On the first day after the holiday, both the Shanghai and Shenzhen stock markets ended in negative territory. Tong Huashun’s trading volume was also low today.

On the last trading day before the festival, Tong Huashun’s volatility once exceeded 12%, and its stock price rose to 92.68 yuan at the highest level. It closed at 91.81 yuan at the end of the day. Today’s sharp drop brought the stock price back to 84.69 yuan again.

With a stock price of nearly [-] yuan, the enthusiasm of retail investors to buy and sell is no longer high. Judging from Tong Huashun and some GEM stocks including Dongfang Fortune, they have been addicted to high rewards and cannot extricate themselves in recent years.

Not surprisingly, Tong Huashun, whose stock price has been pushed up to around [-] yuan, will once again carry out high transfers like last year after the annual report is released, thereby lowering the stock price for further speculation.

Judging from the timing of Tong Huashun's share transfers and dividends in previous years, it was basically concentrated at the end of April and mid-May. If there is no accident this year, it should be during this time period.

"From this point of view, this round of hype should continue at the end of April and early May, which is basically before the end of the bull market. After the share transfer, the stock price has just been lowered, so that retail investors can take over."

After such an analysis, Gu Junhao admires the main funds in these markets very much. The stock market crash will probably come around mid-June. Through the hype of the stock swap that may have been expected before, Tong Huashun's stock price still has about a month to ship. Basically, it is to keep retail investors in the highest position.

How popular is the high transfer rate in recent years, so is the expectation of Tong Huashun’s transfer rate. Dongfang Fortune, whose stock price is only over 40 yuan, has announced a high transfer rate plan. The expectation for Tong Huashun’s transfer rate is still very high.

As Tong Huashun's main fund in the market, he definitely doesn't know about the stock market crash in June, but he must know a little about the risks under the influence of such a large-scale leveraged fund. Can he run away before the stock market crash in June? , which is also a high probability event.

And entering May and June, how crazy the A-share market is, I believe that stockholders who have experienced the stock market in 2015 know this point, and there is no problem with shipments, any kind of junk stocks are hyped, let alone Tong Huashun. A stock with expectations.

The sense of smell of big money will always be much higher than that of ordinary investors, and from the holidays to today, the signals released by the central bank will surely be used by some big money again.

In a sense, the Shanghai and Shenzhen stock markets that both fell today can also be regarded as the opening of the previous round of washing. More bargaining chips and lower costs.

Today is the 25th. Due to the fact that there are only 28 days in February and due to holidays, there are only 2 real transaction days. After today's transaction ends, February will end with only two trading days.

On Thursday, February 2, both the Shanghai and Shenzhen stock markets opened lower, and the GEM opened lower at 26 points. After the official start of trading, the performance of the heavyweight sector was still sluggish, and the theme stocks were active.

After the opening of the market, CNR fell rapidly, and the performance of the Chinese prefix sector was sluggish. However, the brokerage sector, which has rebounded well recently, experienced adjustments in the two trading days before and after the Spring Festival, and remained in a low-level shock mode this morning.

After opening low, the GEM index rose quickly, and at 10 o'clock, the increase exceeded 0.7%. The stock index came to around 1891 points, and once again launched an impact towards 1900 points.

At the same time, Zhongguo CSR, which has not yet changed its name, once fell by more than 6%, and the decline of CNR also reached the same figure during the same period;

In the past few trading days, when CNR fell, the stocks with the Chinese prefix would follow up without thinking. However, today, some other stocks with the Chinese prefix, such as Zhongguo Communication Construction and Zhongguo First Heavy Industry, etc., did not follow the trend of CNR.

"Eh? The other stocks with the Chinese prefix stopped following, and the brokerages didn't go anywhere. It seems that they are about to stop falling." Gu Junhao smiled and said to Wu Peng, who had just reported the change of the Chinese prefix.

Zhongguo Communications Construction Co., Ltd. only dropped by less than 6% in the case of a rapid decline of nearly 1% in the North-South car. The stock price remained at the closing price of 12 yuan before the festival, and the lowest touched 12.05 yuan. At this time, the stock price remained at 12.10 yuan. Oscillate left and right.

Today is also the first time that Gu Junhao appeared in the trading room after the Chinese New Year. Not only the employees of the company, but Gu Junhao himself did not enter the state of going to work yesterday. Two generations of people, Gu Junhao has not yet passed the rhythm of going to work on the seventh day of the new year. of.

When I was working at Deye Technology, factory-type companies usually didn’t go to work until the eighth day or even the tenth day of the new year; some workshop employees with long journeys didn’t even officially go to work until after the Lantern Festival.

Ordinary industrial workers, under the conditions of heavy work intensity, low wages and insufficient rest, are looking forward to the Chinese New Year holiday. This is also the reason why the follow-up new migrant workers prefer to deliver food instead of express delivery to enter the factory. one.

"That's right, other stocks in the Chinese sector have stopped following, and the big financial sector has remained relatively stable. I feel that the weight has stopped falling." Wu Peng also followed Gu Junhao's words.

"However, the incremental capital is still limited. If the weight rebounds, small and medium-sized enterprises may fall again." Cao Wenxun also reminded that today's trading volume is still in a small situation.

"Yes, there is such a risk. There are only a few days to trade after the new year. Many people have not finished their annual leave. Most of them are tossing funds in the market. The probability that the weight and small and medium-sized enterprises will rise together is definitely not high. " Gu Junhao also nodded.

With the full integration of the two senior traders into the team, Gu Junhao's personal grasp of intraday changes in the past has become less and less. Even if Gu Junhao appears in the trading room, it is much easier to keep an eye on the market.

At 10:15, Zhongguo Communication Construction, which continuously fluctuated around the price of 12.10 yuan, moved, and the trading volume began to gradually increase. At 10:19, CNR bottomed out and rebounded, and Zhongguo Communication Construction also surged rapidly at the same time.

"There has been a change. The heavyweight stocks with the Chinese prefix are collectively rising, and the brokerage sector is also doing well, pulling up the yellow moving average." Gu Junhao said to everyone.

By the way, Gu Junhao took a look at the trend of the Small and Medium-sized Innovation Board Index and the Growth Enterprise Market Index. Unsurprisingly, at the moment when the heavyweight stocks changed, they began to drop, and the Shanghai and Shenzhen stock markets once again entered the strange market.

Five minutes later, Zhongguo Communication Construction took the lead, and its stock price was reported at 5 yuan, up 12.42%. The decline of CSR was also pulled back to within 0.73%, and it was still the fastest growing one; for short-term large funds, they are still I still prefer stocks with higher expected certainty, such as CNR.

At 10:30, CNR became popular again, Zhongguo Communication Construction rose close to 2%, and Zhongguo Yizhong also rose by more than 1% during the same period. reduced to within 0.5%.

The GEM index has dived from above 1891 points to around 1879 points; at 10:50, the brokerage sector turned red, and the Shanghai Composite Index successfully turned red, while the dive of the GEM index continued, and the stock index fell to a flat point bit nearby.

In less than an hour, the Shanghai and Shenzhen stock markets, which did not have a large increase in funds, began to switch styles within the day due to changes in the game of funds on the market.

The heavyweight stocks headed by the Chinese prefix rebounded well. Among them, Zhongguo Communication Construction performed exceptionally well. By 11 o'clock, Zhongguo Communication Construction's stock price broke through 13 yuan, reported 12.12 yuan, and the stock price rose by 6.41%. The limelight surpassed the North and South for a while. Divine car.

At 11 o'clock, the brokerage sector, which had successfully become popular, began to exert its strength. Xibe Securities, which had been in the forefront of the market for years, once again became the vanguard of the rebound. The stock price rose rapidly. At 11:15, Xibe Securities rose by more than 4 %, the stock price was reported at 35.18 yuan.

表现优异的仲国交建于11点15分股价触及涨停价位，经过10分钟震荡，11点25分，2.66亿资金的成交量再度将仲国交建股价拉升至涨停价位。

At the same time, a large amount of funds came out of the closed orders, and the stock price was successfully pegged to the daily limit. At the close of the noon, the share price of Zhongguo Communication Construction was 13.56 yuan, an increase of 9.98%, and the trading volume in the morning exceeded 12 billion yuan.

Xibe Securities, which was driven up by the transaction, closed at 36.80 yuan at noon, and its stock price rose by 9%. In the last few minutes before the market closed in the morning, Xibe Securities also briefly touched the daily limit price, and its performance was amazing.

During this period of time, small and medium-sized enterprises continued to dive with the change of style. The GEM index fell by 10.6% at noon, and the intraday dive was close to 2%. Tong Huashun dived more than 4% during this period, and the stock price closed at 84.09 yuan. After yesterday, it fell again by 4.83%.

As for Yin Zhijie, who pulled out two consecutive daily limits a year ago, after creating the highest price of 99.90 yuan yesterday, he began to dive sharply throughout the day; at the close of noon today, he also fell 5.38% again, and the stock price has fallen to 83.40 yuan.

With such a high stock price, it is no surprise that Yin Zhijie will implement the high transfer plan like Dongfang Fortune. These three GEM constituent stocks have implemented the high transfer plan last year, and I believe this year will be no exception.

Regarding the high transfer rate in recent years, the major listed companies can be said to be unscrupulous, and the market hype is too crazy, which also caused this concept to be close to being banned by the regulatory level.

However, for some high-quality stocks, even if the share capital is still not high after the transfer, there is still some room for rights filling. As for how to distinguish among them, it varies from person to person.

In the case of bad market conditions, focus on some outstanding performers, and after they create a new low for the second time, they can also slowly rebound and earn a certain amount of profit in the process of filling rights.

In the afternoon trading, the market direction continued to rebound. Zhongguo Communication Construction briefly opened the board in the afternoon trading, but it still closed the daily limit price throughout the day, and the closing board was relatively strong.

The stock price of Xibu Securities has been fluctuating at a high level of more than 8% in the afternoon. By 14:15 in the afternoon, the stock price has also successfully closed the daily limit, at 37.14 yuan. Today's daily limit brokers are basically concentrated in small brokerages.

The current growth rate of large brokerages such as Huanghe Securities is maintained at about 5%. As for the reason for the small brokerages led by Xibe Securities; in Gu Junhao’s view, it is still because of the lack of incremental funds outside the market.

Without a large amount of incremental funds, if you want to drive the sentiment of the sector, you can only pull some stocks in the same sector that are relatively popular in the early stage and have relatively small stocks and relatively light holdings.

The switch of styles did not lead to the weakening of the GEM. In the afternoon trading, the GEM index dropped to 1847.73 points at the lowest point. When it fell by more than 1.5%, it began to rebound rapidly. By 13:30, the decline of the GEM had narrowed to 0.66%.

Yin Zhijie and Tong Huashun, who fell sharply in the morning, also pulled up quickly at the same time, and Yin Zhijie even became popular for a while.

"It seems that in a short period of time, the funds in the venue do not intend to give up small and medium-sized ventures. Today's underkill is more likely to be the effect of the shock." Gu Junhao said with a smile.

Judging from the current trend of the six-line blooming of the GEM and accelerating upward trend, it should be impossible to fall below the weekly five-day line again, which is the position of 1800 points, at least before June.

"Maybe, today is the bottom area of ​​the GEM after the Spring Festival. At most, we will make a second dip." Gu Junhao said while staring at the rapidly rising GEM index, switching the mouse to analyze his trend.

Strong stocks such as Tong Huashun and Yin Zhijie also began to rebound after falling sharply for one and a half trading days; strong stocks refused to make a sharp correction, which is also a sign that small and medium-sized enterprises are still strong.

The rebound of the GEM in the afternoon continued until the end of the day; throughout the day, the Shanghai Composite Index benefited from the weighted rebound and rose by 2.15%. The stock index closed at 3298.36 points, and it was only a matter of time before it broke through 3300 points.

However, the performance of the GEM is not inferior to the Shanghai Composite Index. In the afternoon, the GEM index rebounded by nearly 2%, and the index finally achieved a rise of 0.19%. A cross star trend with a red letter indicates that the GEM has completed the adjustment within the day.

And on Friday, the last trading day of this month, the style of the Shanghai and Shenzhen stock markets once again switched to the small and medium-sized venture sector.

The financial and Chinese sectors, which had soared yesterday, slowed down their gains today. On-market gaming funds once again launched an attack on small and medium-sized entrepreneurial themes. Sub-new stocks became the leading sector in the rebound, and environmental protection stocks also moved today.

The Shanghai stock index, which rose sharply yesterday, although the increase has slowed down today, it is still relatively easy to break through 3300 points; and the performance of the ChiNext is also excellent in this regard. Break through 10 points.

After the Spring Festival, in addition to the bleak trading on the first trading day, as ordinary investors officially went to work and gradually joined the trading, the trading in the two cities has gradually become active yesterday and today.

Posts in the major stock trading areas also began to increase. At the end of the whole day's trading, the stock index rose by 0.36%, and the stock index closed at 3310.30 points. During the three-day trading, the stock index rose by 1.95%. The hope of investors in the two cities to re-enter the market.

The GEM index fluctuated upwards today, out of a bald-headed and bare-footed Zhongyang trend, soaring 2.53% within the day, the stock index closed at 1928.04 points, and the GEM also continued to set a new record high with an increase of 1.78% in three-day trading.

After the end of today's trading, the trading in February has also ended since then. After two days of raids, the Shanghai and Shenzhen stock markets have both achieved index breakthroughs when most of the ordinary investments are still in the Chinese New Year.

In a turn around, retail investors once again lagged behind the trend.

(End of this chapter)