The Road to Rebirth Finance

Chapter 331 The Ramming of the Bottom

The difficult bottoming market is still going on. On September 9, the Shanghai and Shenzhen stock markets opened high and went low, and there was no sign of a sharp drop. The market performance was very strange.

Since the morning session opened higher, the Shanghai and Shenzhen stock market indexes have been falling unstoppably. The Shanghai Composite Index once fell by nearly 5% in intraday trading, and the GEM index has no intention of rebounding throughout the day.

The market environment is not good, and monster stocks are in the lead; Tellus shares, which stopped falling last week, opened 1.59% higher after the call auction ended today, and started to rise at a price of 21.66 yuan.

As the market plunged, Tellus shares opened higher and higher throughout the day. The increase in less than 5 minutes after the opening was close to 5%, and then it oscillated along the intraday yellow moving average for a few minutes before starting to rise again.

Judging from the trend in early trading, Tellus shares have faintly had a daily limit posture, which is a standard method for hot money to increase.

At 10 o'clock, Tellus shares were quoted at 23.04 yuan, an increase of 8.07% within the day, and then there was another round of shocks like the early trading. At 10:25, Tellus shares were quoted at 23.45 yuan, up 9.99% within the day.

Pull up, shake and wash, pull up again, shake and wash again, and then close the board, a very standard trend.

In the afternoon, with the protection of the banks, liquor and other sectors, the Shanghai Stock Exchange Index rebounded slightly after hitting the bottom position, and finally ended this Monday's trading with a 2.67% decline.

On the other hand, the GEM index opened higher and lowered throughout the day and fell sharply by 7.49%. The index once again fell below 2000 points and reported at 1906.21 points.

Unsurprisingly, Tong Huashun reported the lower limit price today, with a daily turnover of 3.55 million yuan and a share price of 37.71 yuan, which is less than 8% away from the lowest price in August.

There is no real negative in the market. If you really want to explain today's sharp drop, apart from last week's request from the China Securities Regulatory Commission to clean up the allocation of funds, you can't find anything else.

Under the gloom of clear allocation funds, the market is still jittery.

After the market closed, the China Securities Regulatory Commission also held a special press conference to explain the market's concerns about the clean-up of funds.

However, this kind of speech did not have an immediate effect. On September 9, the two cities fell sharply after the opening of the door yesterday. The Shanghai Composite Index fell 15%, and the index reported 3.52 points, barely holding 3005.17 points.

The Growth Enterprise Market Index also fell 5.79% again. The stock index fell below 1800 points to 1797.56 points. Tong Huashun once again closed the lower limit, and the stock price hit a new low this round, at 33.94 yuan.

In the Shanghai and Shenzhen stock markets, more than 700 stocks also fell by their limit today.

Looking back on this round of stock market crashes, from June 6 to today, in a total of 19 trading days, A shares have experienced 60 very tragic limit-down tides. On the day of the limit-down tide, at least 17 individual stocks fell by the limit, and at most 755 individual stocks fell by the limit .

Among the 60 trading days, 17-share limit-down days accounted for a total of 28.3 days, which translates to a probability of 3.5%. It is also said that there is an average of every [-] trading days, and one day encounters a thousand-share limit-down.

Throughout the history of A-shares, the tragic degree of this stock market crash has never appeared before.

However, today is not without good news. The net inflow of Shanghai Stock Connect against the market today exceeded 11 billion yuan, and the use of its quota today accounted for as high as 8.59%. Up to 52.10%.

From the perspective of funds, today's net inflow of individual stocks has increased from 259 yesterday to 382 today. From the perspective of funds, today is more like an infinite panic-like decline.

All of this is the experience Gu Junhao summed up at the resumption meeting at the end of the day. However, everything depends on the performance of tomorrow's market. If this round of sharp decline without any negative circumstances stops here.

Then, it can be concluded that this is the second step back of the market at the bottom of the market, rather than another bottomless bottom.

In the previous life, when baijiu was soaring, there were rumors that Shanghai Stock Connect and foreign investors preferred baijiu. Gu Junhao did not know whether this news was true or not, but the baijiu sector did play a protective role in the past two days.

In the two trading days when the market fell, Maotai’s share price has returned to above 4.99 yuan and reported at 0.26 yuan with an increase of 200% and 202% in the two trading days, which is very obvious in protecting the market.

On September 9, the stock price that fell sharply for two consecutive trading days was exhausted. Today, the two markets rose and fell mixed, and most investors have entered a state of despair.

However, Gu Junhao seemed to be full of interest. Today, as long as the Shanghai Composite Index and the ChiNext Index do not fall below their previous lows, Gu Junhao is ready to start building positions in Tonghuashun.

After all, Tonghuashun, which costs more than 30 yuan, is really delicious no matter in the long term or in the short term.According to its performance, the price of more than 30 yuan is far from enough to match.

The fundamental reason for such a mindless plunge is the potential delisting risk. Once the delisting risk is lifted, there will be a retaliatory rebound.

Others panic but I am greedy, Tong Huashun is in this state now.

At 9:25, the call auction ended, and Tong Huashun reported 33.90 yuan, which was a gap of 0.04 yuan compared to yesterday's closing price, but this small gap was quickly recovered after the official trading started.

Regardless of how the Shanghai and Shenzhen stock market opened, Tong Huashun rose to 34.70 yuan at the opening, an increase of 2.24%, and then fell all the way as the index fluctuated.

However, today Tonghuashun's fluctuations are obviously not big, maintaining within 3%. At present, the performance is still normal, and it seems that there is also a trend of stopping the decline.

Generally, such relatively strong stocks will stop falling one step ahead of the broader market. The advance execution and sense of smell of large funds are incomparable to retail investors.

At 9:45, Tong Huashun reported 34 yuan, and the decline was not large. Compared with the performance of the three major indexes, the performance was more stable, and the index has not fallen below the low point since August 8.

Seeing this, Gu Junhao began to prepare for Tong Huashun's warehouse building task, which was still handed over to Cao Wenxun: "Tong Huashun can start to build a warehouse. The price is close to 6% compared to what we bought last time. This time, we are going to buy [-] lots."

"Okay." Cao Wenxun replied, after the stock market crash, Gu Junhao convinced him, including Wu Peng, that there was nothing to question.

From Tonghuashun, the liquidation of Tellus and the increase of Maotai Liquor, everything went well. Even if there was a sharp retracement at a certain stage, the overall performance of Junshi No. [-] still maintained a steady rise.

Especially this time when Tellus shares re-established positions, the cost of 20 yuan has a profit margin of 41.9% compared to today's stock price that has accelerated its daily limit by almost a word.

Tellus shares opened at 28.18 yuan today, and within a minute of the opening, they quickly closed the daily limit, and the stock price reported 1 yuan. After two consecutive daily limit this week, Tellus shares began to officially accelerate today.

At 9:55, the decline in the Shanghai Composite Index narrowed after refreshing the lowest point of 2893.53 points, and the index began to bottom out and rebound. Tong Huashun had already refreshed to the lowest price of 2 yuan two minutes ago and then began to rebound.

At this moment, Tong Huashun was quoted at 34.16 yuan, and the stock price rose by 0.65%. At 10 o'clock, Tong Huashun quickly rose, rising by nearly 5% within 4 minutes, and the stock price was reported at 35.27 yuan.

This time, the buying volume of more than 1000 million yuan was a large sum that Gu Junhao asked Cao Wenxun to put up. To test today's selling pressure, it seems that the selling pressure is not very heavy.

The Shanghai and Shenzhen stock markets ended their dip at 9:55 and began to rebound, and the index never touched the low point of the previous round. So far, the trend of the two markets has been close to Gu Junhao’s expectations. Afterwards, Cao Wenxun also began to increase The strength of opening a position.

For the trend of the index and individual stocks, any prediction is actually useless, but you still need to have a basic judgment about the target you want to buy and the trend of the broader market.

After the trend of the index and even individual stocks has reached your expectations, you can buy without hesitation. When engaging in stock trading, you must believe in your own judgment, and at the same time, you should be as little affected by external news and the market as possible.

If a stock, your psychological bottom-buying expectation is 10 yuan, when it falls to around 10 yuan or below 10 yuan, you can tentatively start to build a position. If the subsequent trend meets your expectations, then Then you can increase your position.

Similarly, when a stock rises above your expectation, you can also start to gradually reduce your position, so that your profits can be pocketed as soon as possible.

Always remember that the ultimate purpose of buying stocks is to sell them at a profit, the cost is not very important, as long as the profit is enough; at the same time, never expect a stock to be bought at the lowest point or sold at the highest point, It's not realistic.

Since 10 o'clock in the morning, Tong Huashun's stock price has been fluctuating between 35 yuan and 34 yuan. This process has continued until [-] o'clock in the afternoon. Big funds like Gu Junhao tacitly set the stock price at a reasonable price. interval to open positions.

During the shock process, most of the retail investors were undoubtedly shaken off. This is cruel and realistic.

Retail investors prefer to buy bottoms, but in most cases, they are full of positions before the real bottom is reached, and when the real bottom is reached, they often leave the market due to panic.

At the same time, there are also some retail investors who think that it is not terrible to be stuck at 50%, but if it rises by 5%, they must be wondering whether to sell it or not. What if the 5% does not sell and then falls.

Tong Huashun's trend today is like this. It fluctuates in a 5% range, and the stock price drops from time to time. During the process, many loose orders are sold. A simple shock position can make them hand over their chips.

At two o'clock in the afternoon, after a day of turbulence, the Shanghai and Shenzhen stock markets began to violently rise. Major themes broke out one after another, and the ChiNext Index performed strongly.

The Shanghai Composite Index rushed to 3100 points, once approaching 3200 points, almost covering the decline of the previous two trading days in one day, and Tong Huashun also started the mode of pulling up and grabbing funds.

At 02:30, Tong Huashun reported 36.33 yuan, and the stock price soared by 7.04%. After a short-term shock, it fell back to around 5%.

During the same period, the ChiNext Index rose by more than 7%, and the Shanghai Composite Index rose by more than 4.5%.Tong Huashun's blockade lasted until the end of the late trading.

Throughout the day, the two cities bottomed out and rebounded strongly. The Shanghai Composite Index rose 4.89% to close at 3152.26 points, and the ChiNext Index rose 7.16% to close at 1926.25 points.

Tong Huashun fell by the limit yesterday, but today's volatility exceeded 10%, and the stock price rose by the limit, which is very similar to the bottoming out of Tellus shares last week. Even in the remaining two trading days of this week, Tong Huashun's trend is also yin and yang.

Finally, after the end of this week's trading, Tong Huashun reported to close at 37.81 yuan. In three trading days, Tong Huashun let Gu Junhao once again let in another 6 hands of chips, costing a total of 2.19 million yuan, and the cost was at 36.5 yuan.

People abandoned me, and in Tong Huashun's most difficult period, Gu Junhao built a large position again and made a certain profit.

At the same time, the transactions in the Shanghai and Shenzhen stock markets this week can also be seen as a consolidation of the bottom position.

(End of this chapter)