The Road to Rebirth Finance

Chapter 359 Gu Junhao's Stock Picking Style
As the saying goes, after Laba is the new year, this Sunday is the eighth day of the twelfth lunar month, so it can be regarded as a festival. I don’t know whether it is to avoid embarrassing investors or for other reasons. This weekend, the market news is relatively calm.

The management is even rarer in self-reflection, and at the same time there are several weak positive news released. After the first half of 2016, the Shanghai Composite Index fell below 3000 points, and the market has gradually changed from the previous panic. out of it.

Investors seemed to be expecting this week's decline and did not show any special emotion; however, as the Lunar New Year approached, most investors' focus was actually not on stock trading.

Looking at the recent market trends, the wait-and-see sentiment for funds is still deep, and since the circuit breaker, the national team's protection has become weaker and weaker.

Although every time the national team violently protects the market, the three major indexes all rise to varying degrees, but the next day or even less than the next day, their trends finally return to their original positions.

In Gu Junhao's view, this is actually a good thing, which fully shows that the market has gradually shaken off the shadow of the national team, and the trend has begun to return to normal.

You can't expect the national team to come forward to protect the market every time there is a big drop. This should not be the case in a mature investment market. Only the spontaneous participation of institutions and retail investors in transactions is the most normal.

On January 1, both the Shanghai and Shenzhen stock markets opened lower, continuing the low opening situation last Friday. The Shanghai Composite Index opened at 18 points, directly falling below the bottom of last year's 2847.54 policy.

Below the position of 3000 points, the shock of the past five trading days, the Shanghai Composite Index cannot avoid stepping back to the 2850 points after all.

The low opening of the call auction Shanghai Composite Index also seemed to let investors in the whole market breathe a sigh of relief, and everything seemed to be exhausted.

After the trading started, the index only touched the 2844.70 point and then began to fluctuate and rise. Although the trading volume has shrunk a lot, it is much more active than last week from the disk.

In the market rebound, small and medium-sized ventures go first, and the performance of heavyweight stocks is still relatively sluggish. Compared with the small and medium-sized venture stocks that have fallen sharply in the previous period, heavyweight stocks seem to be subsidized.

In fact, in Gu Junhao's view, the stock prices of some weighted white horse stocks below 3000 points have basically returned to normal valuation levels.

Maotai’s share price has rebounded sharply since last Thursday’s lowest drop of 195.51 yuan. Today’s opening price is at 198 yuan. Maotai, which is lower than 200 yuan, is definitely worth investing in.

And the stock price of Wuliangye has fallen to 23.60 yuan. These stocks can actually buy bottoms, but this is the case with A shares. Under the extremely bearish situation, even if individual stocks have fallen to normal valuation levels, the stock prices will still fall. Kill as always.

However, for Gu Junhao, he didn't want to wait any longer.Entering today, Junshi No. [-] will fully intervene in the bottom-hunting market.

Gu Junhao naturally knows where the bottom of the index market is, but this is not the case for individual stocks. It is inevitable that some strong stocks will bottom out in advance.

This is the case for Tianqi Liye, for example. Tianqi Liye, which fell sharply in the first week of the year, rebounded sharply last week. The stock price rose by 20.48% within a week, and the support of the weekly 20-day line is still very strong.

This is a strong stock. Whether it is an adjustment or a rebound, it must be one step faster than the index. The liquor sector has rebounded for several years. With the improvement of performance, its trend this year seems to be the same.

As for weak stocks, even if the index really bottomed out and rebounded, its performance is still not satisfactory, and there is even a new bottoming process.

Judging from the opening performance of today's index and the trend of his favorite stocks, Gu Junhao decided not to wait any longer, and will fully intervene in bottom-hunting from this week.

After observing the Shanghai and Shenzhen stock market indexes and the trend of individual stocks for half an hour, Gu Junhao casually picked up the notebook on the table and said to everyone in the trading room: "Old Guo and Lao Zhang, you two continue to open positions, and the others come over to open one." Short meeting, let's assign tasks."

Lao Guo and Lao Zhang are the two newly recruited traders Guo Yunlin and Zhang Muye. The two of them have established positions in Keheng and Qianfeng Lithium respectively, and have their own tasks.

Gu Junhao's unexpected shout stunned the big guys. It was the trading time, but they didn't expect everyone to stop watching the market and start assigning tasks.

Even so, everyone is still quite excited, which means that starting today, everyone has been assigned specific trading tasks.

With specific trading tasks, there will be a commission on performance, and you can earn a New Year's fee before the New Year's Eve. Among them, the other four new traders are the most excited.

Years later, Junshi No. [-] added a total of six new traders, including Wang Ruoyu, a total of ten people. Except for the specific tasks assigned by Guo Yunlin and Zhang Muye, the other four have not yet formally traded.

These four people are: Huang Ji, Tao Cheng, Yang Lin, and Xiao Jing. The six traders came from all over the world, and Shen Boyu spent a lot of money to find them.

All six of them have experience in private equity fund management in their careers, and their personal resumes are quite excellent. With the increase in the reputation of Junshi Capital and the size of its funds, Shen Boyu's recruitment of personnel has become smoother than before.

Now, in Yongcheng, Junshi Capital already has the qualifications to select basic traders, and the corresponding personnel that can be recruited are getting better and better.

"I observed the market in the morning, and the probability of continued adjustment still exists, but it is not important anymore. The New Year is coming soon, and we have to complete the task of building positions before the year. Let me assign specific tasks."

After everyone sat down, Gu Junhao said, and then, Gu Junhao opened the notebook, which contained the investment targets he had selected before and the position allocation.

"At present, in addition to the two individual stocks that are being built in the fund account, there are three supporting positions, namely Vanke A, Maotai Liquor and Wuliangye."

Don't worry about Wanke's trading suspension, and Maotai's position is similar. Wuliangye currently only has a market value of less than 4 million yuan. On the basis of matching positions, there is still room for growth.

"Mr. Gu, is he going to start building positions?" Cao Wenxun said with a smile. In terms of age, the new recruits are not as old as Cao Wenxun. In the trading room, he belongs to the rank of big brother.

After a year and a half of running-in, Cao Wenxun has basically gotten used to Gu Junhao's style. A trader must not only have rich trading experience, but also get used to the operational thinking of a basic manager, so that he can reach the level of full cooperation.

Cao Wenxun also has some experience of his own through a private review of Junshi No. [-] and Junshi No. [-] before a series of holdings.

The holdings of Junshi No. [-] are mainly small and medium-sized entrepreneurial growth stocks, while Junshi No. [-] is more inclined to big blue chips. It seems that there are opposites between the two, but it is actually a normal choice.

The initial scale of Junshi No. [-] is small, and it is understandable that the breakthrough point is small and medium-sized entrepreneurial growth stocks, while Junshi No. [-] is just the opposite.

Moreover, these stocks all have a common feature, that is, stable fundamentals, excellent performance or a reversal in fundamentals. From this point, it can be seen that Gu Junhao still focuses on stability.

In Cao Wenxun's view, Gu Junhao's stock selection feature is based on the premise of individual stocks and the fundamentals of the sector, combined with the current market hotspots, selects some stocks to hold on the left side, and then patiently holds them through swing operations.

This kind of hot spot is not a hot spot in short-term trading, but the main line of the market throughout the year or at a certain stage, with a relatively long life cycle.

For example, from 2013 to the Internet finance sector before the stock market crash, and the brokerage sector after the launch of Junshi No. 2014 in [-].

These sectors have a relatively long life cycle, and Mr. Gu's trading model on the left side can hold these target stocks with a good attitude at an extremely low cost, and can withstand shocks so that he will not be thrown off the car.

In the process of holding, combined with the flexibility of private equity funds, through intraday operations of traders and band-type increase and decrease of positions, the cost of holding positions is reduced and the bottom chips are increased.

And every time you buy a stock, it seems very bold. For example, Vanke A and Maotai Liquor, Vanke A’s peak position even exceeded 10 billion in market value, and the same is true for Maotai.

Steady stock selection, bold band-style operations and a precise grasp of the overall situation have created the excellent performance of the two funds.

"He is really a contradictory person. The idea of ​​picking stocks and building positions is mainly based on stability, but he is very bold in operations. The key is that his grasp of the overall situation is too accurate." Cao Wenxun looked at the man who was flipping through his notebook. Gu Junhao thought to himself.

Moreover, the heart is also very hot. During the temporary meeting during the intraday trading today, Mr. Gu gathered all the people who did not have trading tasks together to discuss the opening of the fund.

From the looks of it, it should be Junshi No. [-]'s main market this year, and maybe I can follow the trend through Mr. Gu's move to build a position this time.

Gu Junhao's silence on the fund for two and a half months, and the addition of so many people before and after, made Cao Wenxun, who didn't want to operate his personal account in private, feel itchy again.

"It shouldn't be a big problem to buy a 5 to [-] yuan to play with the trend. This time I won't let my wife operate it. I will operate it privately to make some private money."

(End of this chapter)