The Road to Rebirth Finance

Chapter 356
In night trading, rice stocks are not much better than A-shares. After the New Year's Day in 2016, the global stock market has suffered to varying degrees of decline, and Nvidia has plummeted for two consecutive trading days.

Today, Nvidia fell as much as 3.96%. The intraday stock price fell below $30, and it barely closed at $30.28. In four trading days, the stock price fell by nearly 10% from a year ago. This is the largest since June last year. Adjusted the range.

However, the price of 30 US dollars is still a bit high. Compared with the previous opening price of 19 US dollars, there is still a gap of 11 US dollars. The adjustment range of 10% is far from enough. Now that the adjustment has begun, then It's not that easy to end.

Among the positions, the small short position has already started to make a profit, and the adjustment of rice stocks and Nvidia has just begun. Based on the current price of 30 yuan, the amount of US$1.6 million in the account can increase the position of about 530 million shares of Nvidia. .

It is theoretically estimated that Nvidia’s second increase in positions should be able to ensure that at least 550 million shares are purchased, and the total holdings are at least 650 million shares. Calculated from Nvidia’s share capital, it should have little impact.

Coupled with the existing market value cost, it is quite cost-effective to exchange the holding cost of nearly 1.8 million U.S. dollars for the shareholding ratio of more than 650 million shares of Nvidia.

In fact, even if the 1.6 million U.S. dollars in the account did not buy any stocks, the proprietary trading has already made a profit. You must know that these U.S. dollars were exchanged at the average exchange rate in 2015 of about 1:6.2.

With the changes in the current environment, the exchange rate environment has changed greatly in the past two months, and the recent sharp depreciation of the RMB exchange rate in the market has also surprised the market.

As of today, the offshore RMB exchange rate has fallen below 6.7 yuan, a new low since 2009. In the past few months, the exchange rate change has already had a profit margin of more than 7000 million yuan.

Changes in the exchange rate market have made the exchange of US dollars profitable, which is really an unexpected surprise. Compared with the decline in the stock market, changes in the exchange rate are the most affecting people.
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The four-day circuit breaker mechanism was urgently suspended. At the same time, new regulations on the reduction of major shareholders, directors, supervisors and senior executives were issued, which will be officially implemented on the 9th.

The new regulations stipulate that if a major shareholder of a listed company plans to reduce its shareholding through centralized bidding, it must disclose the reduction plan in advance 15 trading days ago, and within 3 months, the total number of reductions must not exceed 1% of the company's total share capital.

The original mandatory non-reduction regulation at the time of the bailout will be officially unlocked on January 1, that is, after the transaction tomorrow, and the new reduction rules can be regarded as a seamless connection.

The introduction of the new shareholding reduction rules at the same time as the circuit breaker can also show the helplessness of the management. Most of the A-share listed companies do not have a good reputation. If the new rules are not introduced in time, there will be no rules. And it is not uncommon for the actual controller to take advantage of the fire to rob.

Especially those small and medium-sized start-up stocks that are still at a high level and have a high valuation. The actual controllers of these companies, during the stock market crash before, had some secret holdings even under the restrictions of the rules, and the desire to run away Very strong.

If there are no rules to restrict such people, they will have absolutely no scruples. Fortunately, at this time when they return to China next week, they have not invented "pledge-style shareholding reduction". This has opened the door to a new world of A-share major shareholders in listed companies. .

On January 1th, Friday, stimulated by the news of the management’s emergency suspension of circuit breakers, the Shanghai Stock Exchange Index opened nearly 8% higher in early trading. Tianqi Liye, which fell by the limit yesterday, jumped slightly to 2 yuan, and the stock price was close to the upward trend on November 105.50th Gap start when the gap is up.

The circuit breaker has been suspended. From the point of view of the support level, the support of this gap is still very strong. According to the habit of A shares that must be filled every time they are short, after the gap is filled, Tianqi Liye can already buy bottoms.

On the first trading day when the circuit breaker was suspended, although the index opened higher, the panic still surrounds the A shares. For Tianqi Liye, the gap must be filled today, and the probability of the stock price breaking the 100 mark in the intraday market is very high.

At 9:30, the Shanghai Composite Index, which opened nearly 2% higher, quickly fell and went straight to the gap. At the opening of Tianqi Liye, more than 1.25 million yuan of funds began to smash the market, and the stock price quickly fell to 102.10 yuan. , down 3.45%.

"Both of you, today's main task is to buy back the Tianqi Liye in the self-operated market, and increase the position according to the 4.3 million yuan reduction funds." Gu Junhao said to Wang Ruoyu and Liu Tingting.

"Okay." The two responded in unison, and at the same time couldn't help but cheer up.

This is the boss's first transaction after the year. Although it is only an increase in the self-operated market, it also shows that the boss has already started to act. It seems that the boss was waiting for a circuit breaker to pause.

The lithium battery sector has unlimited prospects, and the bottom-hunting after the circuit breaker naturally has its place. Compared with Junshi No. [-], the self-operated market has no pressure on performance. For Gu Junhao, there is no difference when to buy the bottom. It depends entirely on Gu Junhao. It depends on the mood.

Among the new positions of Junshi No. [-], there is naturally a place for the concept of lithium plate, but the market is still in a panic market. Even if the circuit breaker has been suspended, the downward market will still not change.

The real bottom of the market should be after it falls below 3000 points, and today is not the time for Junshi No. [-] bottom-hunting.

At 9:42, the stock price of Tianqi Liye was quoted at 100 yuan, a drop of 5.44%, and Gu Junhao’s voice also appeared: "Let’s start, buy around this price, and buy as much as you can."

今日早盘天齐里业成交量放大了不少，10几分钟的时间之内已经成交超过4亿元了，仅仅100元这个价位1分钟时间之内成交量就超过了3000万元。

If you are lucky, it should be no problem to open a position within a day. For large funds, panic selling when the index falls is indeed a good time to buy bottoms. Only then will the trading volume increase.

The buying of Junshi’s self-operated market caused Tianqi Liye to rebound slightly, but at this time, the market that opened higher was still under a panic sell-off. The amplitude of the three major indexes exceeded 5%, and the Shanghai Composite Index fell below 3100 points again. .

Under this kind of stimulation, individual stocks continued to fall, even Tianqi Liye, which was supported by buying orders, could not support it. At 9:45, Tianqi Liye fell again, and the stock price fell rapidly within 3 minutes To 98 yuan, down 8%.

The price of 98 yuan just filled the gap position when it started on November 11th, and the amount of buying above the trading order began to gradually increase, and it did not reach the limit price again today.

"Speed ​​up, buy more, there are funds vying for bargaining chips." Gu Junhao stood beside Wang Ruoyu and said, it is not appropriate to hand over this kind of self-operated trading to other traders, and it is not easy to calculate the performance.

But Wang Ruoyu and Liu Tingting did not have this kind of trouble. Their sense of belonging to Junshi Capital was no lower than that of Xu Jianqing, and they were also very dependent on Gu Junhao.

It has to be said that Gu Junhao's amount of capital now does not affect the market, but with all-out buying, it can still affect the stock price trend. With Gu Junhao's full-fledged buying, Tianqi Liye's stock price also stopped falling here.

Just one minute later, the share price of Tianqi Liye was at 1 yuan, a rise of nearly 100.31%. At 3:9, the share price of Tianqi Liye was at 50 yuan, and the decline narrowed to 103%.

In just 3 minutes, Gu Junhao and the main players in the field pulled up Tianqi Liye by nearly 5%, and the trend under the combined forces was still very scary.

After a brief correction, Tianqiliye’s stock price was reported at 10 yuan at 104.88 o’clock, and the decline narrowed to within 1%. Afterwards, Tianqiliye’s stock price showed a volatile upward trend. Every time the stock price fell rapidly, it was pulled up by a large purchase order .

At 10:15, the share price of Tianqi Liye reported at 108.18 yuan, up 2.22%, and it became popular for the first time in the day. Within 45 minutes of trading in the morning, the stock price of Tianqi Liye fluctuated by more than 10%. The bottom trend is close to being formed.

The Shanghai Composite Index, which panicked and fell by more than 5% in the early trading, has also risen above the daily average yellow time-sharing line at this time. The stock index reported 3157.26 points, an increase of 1.03%, and the index temporarily stabilized.

The heavyweight stocks are still maintaining the index, and the coal, non-ferrous metals, gold, securities, insurance and other sectors have greatly pulled up to protect the market. Today's situation is very tense.

In just four trading days, the circuit breaker mechanism launched by the management was forced to suspend. It would be a fatal blow to credibility and face. It would be even more fatal if the market still fell sharply the next trading day after the suspension.

The weight is fully supporting the market, but stimulated by the commodity market, the stocks such as coal, non-ferrous metals, and gold are all pulled up. These stocks are not favored by retail investors among A-shares.

In the understanding of ordinary investors, the supply-side reform is nothing more than reducing production capacity and raising prices. Most of the large-cap stocks in this traditional industry are owned by large funds and national teams. Ordinary investors favor more small and medium-sized entrepreneurial sectors. individual stocks.

Especially the new stockholders who have suffered serious losses, they still favor small and medium venture stocks, not to mention that most people are still in a state of lock-in at this time, and the mood to follow suit is not high.

As for the securities sector, after the rebound after the two stock market crashes last year, investors were looking forward to returning to the bull market stage, but the 3.0 version of the stock market crash caused by the circuit breaker made more than [-]% of investors think that the bull market is no longer possible.

A real bear market has already formed, and the securities sector is nothing more than yesterday's flowers. There is no more glory from 2014 to the first half of 2015. In recent years, every rebound is just an opportunity to escape.

Under the protection of the national team, the index maintained a wide range of fluctuations between 1% and 2%, and Tianqi Liye also maintained a price fluctuation above the flat market.

In the afternoon, the Shanghai Composite Index hit 3200 points, the highest hit above the 3250-day line of 3.5 points, up more than [-]%, but then began to fall rapidly.

The pressure on the index is very obvious, Tianqi Liye also dived again in the afternoon, and the stock price turned green again.Today, the trading volume of Tianqi Liye has increased countless times.

The trading volume of Tianqi Liye has basically reached the volume of about 11 shares in November last year, and Gu Junhao's full buying accounted for most of the volume.

The sharp drop of the circuit breaker mechanism brought the market back to the era of the stock market crash. The national team desperately maintained the market, and after the rebound, the funds in the field fled frantically.

The distrust of the market is vividly manifested at this moment, even in Tianqi Liye, which is in a state of capital inflow today, and the stock price has not turned red after turning green.

In terms of today's sectors, apart from the attributes of commodities and the disk maintained by the national team, not many sectors have achieved gains. The diving in the afternoon is a good indication.

After the full-day trading, the Shanghai Composite Index closed at 3186.41 points, up 1.97%. Although it rose, it was lower than the opening point.

On the K-line, there is a huge volume cross-yin line, the daily index line, the five-day line, and the pressure at 3200 points are very obvious. The GEM index is even more heavy-duty and fell to 2248.99 points, closing down 0.33%.

In the first week of trading in 2016, the Shanghai Composite Index fell by 9.97%, and the Growth Enterprise Market Index fell by as much as 17.14%, a real stock market disaster.

Tianqi Liye's trading volume increased to 18 billion yuan today, closing at 103.02 yuan throughout the day, a drop of 2.58%, and a drop of 26.81% within a week.

Throughout the day, Wang Ruoyu and Liu Tingting bought 102.87 lots of Tianqi Liye at an average price of 4.18 yuan under the premise of buying with all their strength, with a purchase capital of 4.3 million yuan.

4.3 million yuan, accounting for 23.88% of the total trading volume of Tianqi Liye. Such a large buying volume cannot affect the final decline of Tianqi Liye. It can be seen that the market under the contrarian market is so irresistible.

The large increase in fleeing funds has shown an irreversible posture. Institutions that were still selling more on the evening of the 6th have already claimed that stockholders have begun to lighten their positions in early trading today.

Junshi's self-operated market completed the bottom-hunting of A shares this week, and then the operation of A-shares will enter a state of silence, and will focus on the bottom-hunting of Nvidia, a rice stock.

As for Junshi No. 6.21, which has no operations this week, the loss is not small; Maotai’s stock price closed down 204.63% this week to 5.02 yuan, and Wuliang Ye Zhou fell 25.91% to [-] yuan.

The fund's cash has not changed much, but the market value has dropped from 13.08 billion yuan before New Year's Day to around 12.46 billion yuan, a drop of nearly 6000 million yuan, and the market value has dropped by nearly 5%.

However, compared with the overall decline of Junshi No. 1 by less than [-]%, the fund industry this week can be described as tragic, especially public funds.

Judging from the net value of the major funds announced this weekend, the overall decline of more than 3% can be found everywhere, and some public offering funds are unable to adjust their positions and are restricted by their positions, and their declines are as high as more than 5%.

As for ordinary retail investors, there are countless people who suffer two or three limit-downs within a week. The first week of the opening of the market in 2016 was extremely tragic.

Most investors, combined with the decline in previous years, have more than 30% of individual stocks locked up. In the first week of the year, the market needs to spend the whole year to complete the unwinding.

The goal of the 2016 New Year's trading has been formulated and completed since the first week of trading, that is: "returning capital."

In terms of news over the weekend, although it is restricted by the regulations that cannot publicly sing short stories, major institutions have also published research reports claiming that a downward trend has formed, which makes investors not optimistic and carefully adjusts their positions.

The overall A-share market is filled with deep bearish sentiment, which was extremely rare before.

(End of this chapter)