The Road to Rebirth Finance

Chapter 439
Generally speaking, at the end of a round of rising market, most of the first to run away are institutional groups.

The third is the group of hot money with flexible mobility and a keen sense of smell. Generally speaking, this group of people also runs faster, especially for these hot money who have experienced the hype of the concept of the Millennium New District in 2017.

This lesson is really bloody, it was cut unnecessarily, and when the wound has not healed, if there is a little trouble, it can be said to run faster than a rabbit.

In the end, ordinary retail investors are left, and a small part of them can escape the stock market crash due to various reasons.But most of them will be on guard at a high level.

This is fate, and it is also given by the true attributes of A shares.

In fact, regardless of external factors, as far as technical trends are concerned, there is nothing wrong with reducing positions at this position, not to mention that the trend of A shares in the middle and late stages of the first quarter to the beginning of the second quarter is not very good every year.

What should come will always come.

On the evening of February 2, affected by geopolitical ZZ’s speech, the rice stocks in the outer market fell sharply overnight, which cast a layer of haze on the trading of A shares the next day.

Indeed, when the market opened the next day, both the Shanghai and Shenzhen stock markets opened sharply lower, and the Shanghai Composite Index dropped as much as 1.84% as soon as the market opened.

At the same time, the Hong Kong stock market, as well as the stock markets around the Asia-Pacific region, experienced a large-scale decline. The hunting time has come!
The opening of the market early in the morning can be said to have stunned retail investors who were still fantasizing about a rebound. After all, yesterday's index still rose well.

"Holy shit, the market has reacted so strongly? The Nima White Horse stock opened so much lower."

"Lao Mei is making trouble again. The commander-in-chief is going to open a big one. Today is nothing."

"Unlucky, what about the value investment that was agreed, I entered the market for half a month, and lost 20 points, value investment is a mess."

"It's just a matter of listening to it. Any value investment in A shares is a scam."

"Hey, I've been losing money for a while. The white horse and the blue chips are killing each other. I can't do anything right. Brother T's fund has also dropped for several days."

"Can you buy the bottom today? With so many kills, I feel like there is a chance to buy the bottom."

"Stop copying, stop copying, I'm afraid; save some money to buy a train ticket and go home for the New Year. It's been a numb these few days."

""Well, just listen to Brother T. Brother T's Junshi No. [-] has been empty for a month or two. I wish I had known that I would clear the warehouse at that time. "

"Brother, didn't Brother T lose a few hundred points? Brother T's index rose by a few hundred points before he cleared his position. What an awesome thing."

"It's as if the index has risen by a few hundred points, and individual stocks have risen. Do you want to see how badly those stocks are falling now, so what if they rise by a few hundred points?"

"It makes sense, but I was speechless. The market rose to 3500, and my holdings hit a new low. It's outrageous."

After the opening of the market, there were no hot spots in the Shanghai and Shenzhen stock markets, and the sell-off of individual stocks continued to intensify. The limit-down wave of the previous few days continued and expanded further.

At the close of trading at noon, both the Shanghai and Shenzhen stock markets fell by more than 2%, and the GEM index was particularly unbearable, closing at 1642.65 points at noon, a daily drop of 2.7%.

The 1642.65 point is also the new low of the GEM index in the past two years. In the morning trading, there are more than 100 limit-down stocks in the two markets.

Among the major sectors, except for the surge in the gold sector, none were spared.

When the market closed at noon, Gu Junhao looked at Liu Tingting with a faint smile: "How is today, will it be miserable?"

"It's okay. Before we adjusted our position in the pharmaceutical sector, it's almost done. Compared with other sectors, pharmaceuticals are slightly more resilient. Among our holdings, there are even some pharmaceutical stocks that have risen fairly well in the morning."

"Well, that's good, but everyone has to be prepared to deal with it in the past few days. It is estimated that the number of Christians redeemed will start to increase."

"Yes, I told them not to buy the quota, they didn't believe me, and even scolded us for hunger marketing, but as long as there is a big drop, they will run faster than anyone else."

"The normal status quo, especially those who stare at them every day, will not be sober unless they are forced to do so. It will take a while for the wave of people who came in at the beginning of the year to be unsurprising."

"Our records are going to end, right?" Liu Tingting looked at Gu Junhao and said.

Since Junshi took over from Gu Junhao, it has grown positively for 23 consecutive months until last month. Looking at the market trend in February, this record will come to an end.

"Don't worry about the record or not. Looking at today's large-scale decline, it will fall for a while. You just try to reduce the fund's losses as much as possible."

"Okay, understand."

In the afternoon, the decline in the broader market continued. The ChiNext Index closed at the lowest point in the morning. There was no rebound trend and continued to dive downward.

The Shanghai Composite Index finally couldn't hold on following the last support shield of Industrial and Commercial Bank of China and China Construction Bank, and the decline began to expand.

As the largest bank in the universe, ICBC once rose by 20.65% in January, and in February set a record high price of 2 yuan, the second highest price since 2007.

As the cornerstone of stable A-shares, ICBC is the cornerstone of the cornerstones. It has always been stable, and it is a good choice for big funds to lie in it and enjoy dividends.

However, in less than a year, without counting the two dividends, ICBC, a big guy, has risen by more than 70%.

Who wouldn't run away? You must know that those who receive dividends in the banking sector are all large institutions with large funds. Those like Gu Junhao who buy hundreds of millions are not considered big households.

What kind of concept is that billions, tens of billions, or hundreds of billions of funds, which increase by 70% a year?
If you don't run away at this time, are you really keeping it for your son as a family heirloom?

Looking back, Junhao cleared all the bank stocks in his hands around January. The stock price of a stock like China Construction Bank can double in trading time for about a year. Can you believe it?
For bank stocks, with such an exaggerated increase, if they do not fall for a year or a half, they will definitely not be able to enter a certain position after adjusting to a certain position.

The collapse of the banking sector led to a further decline in the land index. The retail investors who were thinking about buying bottoms in the early trading, and those who had already taken action, regretted it now.

At the close of the day, the Shanghai Composite Index fell 3.35%, the index broke through 3400 points, reported 3370.65, fell below the 60-day support position of the daily line.

The GEM index fell 5.34% throughout the day, the index broke through 1700 points and 1600 points, and closed at 1598.12 points.

Today, the two cities are in the form of heavy volume opening and falling throughout the day. The Shanghai Composite Index has a turnover of 3188 billion yuan throughout the day, and the willingness of some funds to flee is very strong.

A total of more than 400 stocks in the Shanghai and Shenzhen stock markets fell by the limit, which once again broke the record since the end of the stock market crash. More than 400 stocks fell by the limit, which is actually another stock market crash.

However, it is a pity that after the market, the major institutions are still singing bulls, ignoring the risks in overseas markets, and blaming today's sharp drop more on the correction of the recent surge and the Spring Festival effect, etc.

Brokerage institutions are still using the historical data of positive returns of A shares in the seven trading days before the Spring Festival, suggesting that investors pay attention to undervalued products, such as banks, petrochemicals, mass consumer goods, etc. . . .

When resuming trading at night, Gu Junhao couldn't help shaking his head when he saw the research reports of these major institutions: "Hey, the environment has changed, and there is no such report to warn retail investors anymore."

On the contrary, Li Daxiao, who has always been brainless about blue-chip stocks, uttered the phrase "investment should be cautious" at the beginning of this year.

For this kind of Internet brainless bulls, it is quite rare to be able to say that investment should be cautious.

At least it is much more conscientious than brokerage analysts asking retail investors to buy bank stocks and describing bank stocks as undervalued sectors. . .

In fact, normally speaking, whether it is an index or an individual stock, when the upward trend reverses to a downward trend, if it falls below the 60-day line for the first time, it can actually grab a rebound.

Most of the time, when the 60-day line is broken for the first time, especially when it is broken quickly, there will be a small rebound process.

Before lying down, I have to stand up twice.

Of course, this is just a rebound process, and the trend will not change. Once large institutions leave the market, they will not re-enter the market so soon. It is more of hot money, and retail investors prefer this kind of rebound.

The rebound time, longer or shorter, is similar to some aspects of human beings.

The transaction on February 2 was no exception.

However, the rebound on February 2 was about the same time as middle-aged people. The one-hour rebound in the Shanghai and Shenzhen stock markets officially ended at 7:10 am. . . .

In early trading, the Shanghai Composite Index jumped 1.4% and opened higher than 3400 points. After less than a minute, it began to open higher and lower.

At 10:30, the Shanghai and Shenzhen stock markets, led by the white horse stocks that opened higher and opened lower, fell sharply, falling by more than 3% within half an hour!

The Shanghai Stock Exchange 50 Index fell below the 30-day line, the Shanghai-Shenzhen 300 Index fell below the 60-day line, and the real estate sector fell rapidly. Xincheng Holdings, which has not yet had a vicious incident, took the lead in quickly falling to the limit.

The Industrial and Commercial Bank of China broke its position, and the ChiNext Board continued to sell heavily, and panic spread rapidly on the disk.

In the morning, the Shanghai and Shenzhen stock markets plunged in heavy volume, which led to the loss of sentiment in the afternoon, and the three major indexes maintained a downward trend of shocks.

As Gu Junhao judged, after yesterday's stock market crash-like decline, the funds redeemed by Junshi Investment began to increase significantly throughout the day.

This is true of star fund products, and other fund products are no exception; as redemptions increase, fund managers must sell stocks to match their positions. These are all inevitable.

To a certain extent, the rapid decline after today's rebound also has a certain relationship with the matching redemption of public funds.

For example, before the opening of the market, without Gu Junhao's words, Liu Tingting has already arranged for the trading team to quickly reduce the position to match the position after the opening.

Therefore, no matter what the opening price is, the redeemed public fund manager must hand over a certain bargaining chip.

To a certain extent, this can be regarded as the retail group smashing themselves.

After the whole day's trading, the Shanghai stock index fell by 1.82%, and the index barely held the 3300-point mark. According to the opening position, the actual decline has exceeded 3.5%.

The GEM index performed fairly well in the afternoon. The GEM index, which had an amplitude of more than 4%, once fell by more than 1.5% during the session, and the index reported a minimum of 1571.47 points.

However, affected by the rebound of the high-sending sector, the GEM index reversed in a V-shape in the afternoon, and the index returned to above 1600 points again, reporting 1616.40 points, up 1.14% within the day.

In addition, today's chips, semiconductors, and 5G concepts have undergone certain changes.

It’s a game between the two sides. The performance of technology stocks in the past two years is still good. With the weight of Baima and super brands all broken, the domestic substitution of technology stocks can indeed be hyped.

This money is not impossible to earn!Next year, just sell it to me.

On the other hand, the GEM has indeed fallen a bit miserably recently, and small and medium-sized entrepreneurial stocks have frequently set new lows, and the risk of large shareholders' liquidation is increasing.

The news I have seen the most recently is that the pledge of a major shareholder of a certain stock has reached the position of the ** position. At this time, there is a recovery process that is imminent.

Speaking of it, it still depends on the fake accountant. The pledge-style holding reduction method he invented allowed these major shareholders to follow suit, but it was not as good as the fake accountant, so they didn't run away.

Before the market closed, Gu Junhao said to Liu Tingting: "Tomorrow, I will buy some chips and semiconductor stocks."

"Ah? Boss, didn't you say that dogs don't buy technology stocks?" Liu Tingting said in surprise.

"Wang Wang!"

　There are two chapters tonight, I have to rest early, I can’t stay up late these days
　　
　
(End of this chapter)