The Road to Rebirth Finance

Chapter 442 The layout after the year
The film market during the Spring Festival is still very hot. A series of box office masterpieces such as Tang Detective 2 and Operation Red Sea broke out in this Spring Festival.

On the first day of the new year alone, the single-day box office of theaters across the country reached 12.64 billion yuan, setting a record for the highest box office in a single market in a single day in the world.

From the first day to the fifth day of the new year, the domestic box office has exceeded 46 billion yuan, setting a new record for the Spring Festival.

Just like gamblers who watch football, investors who speculate in stocks will not think too much about how good the movie is when they look at the box office of a movie. The first reaction in their minds will only be which stock can go up.

"Wouldn't you be able to watch movies by this time next year?"

When he walked out of the cinema, what Gu Junhao was thinking about was not the plot, but this scene.

Gu Junhao's family also went to see a movie, and they watched Tang Detective 2. When watching a movie, one should watch it for fun, not to feel this kind of education.

How crazy it is now, how miserable it will be after next year. To a certain extent, this year's movie box office has exploded, allowing capital to accelerate into this industry.

Then there is no more then.

What kind of experience is it like to invest in the film industry in 2018?
In fact, judging from Gu Junhao's thinking, it seems that making a movie can't make much money. It is said that the cost of a movie can only be covered by more than three times the box office.

That is to say, for a movie with an investment of 1 million yuan, only 3 million box office can be paid back.

Small productions are okay, and they can make a lot of money when they explode, but the risks of large productions are extremely high. Not only the time period is long, but the box office is not as expected, which is a blood loss.

Since his rebirth, Gu Junhao has never bought movie stocks, including in his previous life, he has never bought such stocks a few times, and he has never thought of holding them for a long time.

Movies are risky, and the cost of entertainment companies is opaque. For investors, there are countless hidden dangers behind the prosperity. It is very obvious that the risks outweigh the benefits of an industry.

Although the box office of the Spring Festival movie is so hot, it is not a good thing for retail investors, because this has been fed back to the stock market in advance.

Movie stocks have been rising for a while in advance, and the box office of the Spring Festival stalls frequently breaks records, and the official transactions after the year will inevitably lead to retail investors entering the market.

When the emotion reaches the extreme, after all, there is no way to escape a retail investor who drives high and goes low, and the retail investors who take the order don't run away in time, three or four years is the minimum.

On Thursday, February 2, the first trading day after the holiday, the Shanghai and Shenzhen stock markets both opened higher in early trading due to the sharp rebound in the external stock markets during the Spring Festival.

上证指数向上跳空高开报3257.57点位，回补了2月8日至2月9日向下跳空缺口，表现得十分的强势。

"This is the consequence of lack of energy. A little energy can lead to big ups and downs, and it can be raised high." Gu Junhao sighed.

The film and television media sector also opened sharply higher than expected. Among them, Jinyi Film and Television opened with a daily limit, and Zhongguo Film opened sharply higher by more than 5%.

In addition, due to the promotion of tourism during the Spring Festival holiday, the collective bidding of the tourism sector also attracted most of the funds.

Looking at the colorful opening scene, Gu Junhao looked at Liu Tingting and said, "Have you changed positions?"

"Well, it's all changed, and 70% of the positions are still concentrated between the two major sectors of technology stocks and pharmaceutical stocks."

"Well, in the first half of the year, we still focus on low-position operations, and we are not in a hurry to expand the scale."

Junshi No. 25 will also build positions in some technology and pharmaceutical sectors starting today, which is what Wang Ruoyu requested. However, in the same way, the position allocation in the first half of the year will not be too high, at most it will not exceed [-]% of the total scale.

Since the net income of Junshi No. 4 has reached the standard of charging the highest [-]% management fee, it would be somewhat unfair to customers if the level of short positions is maintained throughout the year.

This is equivalent to taking a large amount of money from customers, not to mention interest, but also collecting money from others.

Therefore, Gu Junhao communicated with the client on this issue, and made a certain concession.

At the end of the year, Junshi No. 50 will provide customers with a detailed position map, with an average monthly position of more than [-]%, charged according to the normal management fee standard.

If the monthly average position is within 20% to 50%, the management fee will be halved, and if the monthly average position is below 20%, the management fee will be charged at a [-]% discount.

In the month of short positions, no management fees are charged, which means that in January this year, Junshi No. 1 will not charge any management fees from customers.

This is also the reason why Wang Ruoyu wants to be a technology stock. He must create some income for the company, and at the same time, he also wants to create as much income as possible for Junshi No. [-] trading team.

In addition, starting from the next year, the self-operated market will use a more concealed method to break up the funds into pieces and start buying technology stocks such as Nvidia again.

As for Longji shares and Hong Kong stocks, there will also be no action in the first half of the year. The time to buy at least has to wait until after June, that is, to start building positions in the third quarter.

Xie Jun from Jiufeng Trust has already said that after their group's meeting and communication, they decided to give up the first dividend redemption opportunity and reinvest the funds into the secondary market.

The last time Junshi Capital reduced its position in Nvidia, 16 billion US dollars of funds returned, but this time Gu Junhao only plans to spend another 10 US dollars to re-enter the rice stock market.

The remaining US$6 million will be exchanged for the equivalent amount of Hong Kong dollars to invest in Hong Kong stocks, and the remaining US$2 million will be exchanged for the equivalent amount of RMB into the Junshi capital account.

The repatriation of 4 million U.S. dollars can be regarded as an addition to the foreign exchange reserve. It is for this reason that Jiufeng Trust decided to give up the redemption this time.

The dollars that Gu Junhao obtained from the foreign exchange at the beginning not only did not cause any foreign exchange loss, but returned to the original way more than doubled.

On the bright side, it seems that Junshi Capital is an investment company that cuts leeks on the A-share market, and it serves more for the wealthy class. It seems that it has no specific contribution to society.

But in fact, in addition to cutting leeks in A-shares, Junshi Capital is a positive energy company that holds the equity of many real companies, devotes itself to the industry, and can return foreign exchange for the region!
Otherwise, it would be so easy for you to pass the Junshi No. 500 short position storm in January?The holdings of A shares alone have been reduced by [-] billion in a few months, and I have to teach you how to behave.

Even if you fully comply with the rules, you are the newest self-made tycoon on the Forbes rich list, the champion of private equity funds for three consecutive years, and the actual controller of the historical growth champion of A-share public equity funds.

So many well-known investors have short positions in A shares, what kind of concept will that be?How will ordinary investors view A shares based on this?
Unless you are short because of the need to liquidate!
After a few years of layout, although you can't do whatever you want, within the scope allowed by the rules, you can still turn a blind eye to Junshi Capital.

Now Gu Junhao can be regarded as understanding the pretentious talk of those Internet bigwigs. When the money reaches a certain level, it can no longer be counted as your own money.

However, it feels quite good to be able to freely dispose of these properties, create certain benefits for the society, and improve one's social status.

The high-spirited trend, unsurprisingly, brought a good start to the trading of A-shares after the festival. The Shanghai Composite Index opened and moved higher throughout the day, rising by 2.17%, and the heavyweight stocks rebounded considerably.

The GEM index also rose by more than 1.5%. Chip stocks rose sharply today, Ziguang Guoxin’s daily limit, Weir shares, Jacques Group, and Mobile Wei Communication rose by more than 7%, and there were not a few stocks in the sector that rose by more than 5%.

The film and television media sector, on the other hand, drove high and low without any surprise, killing the retail investors who rushed in in the early trading. In contrast, the rebound of technology stocks is much longer.

The rise of chip stocks before and after the festival, the mood, and the atmosphere have been full, and the news after the market is also very reasonable.

After the market closed today, there were media reports that Juchang plans to equip its own Android phones with its own chips and put them into mass production.

All of a sudden, the whole network boiled.

The slogan of rejuvenating the country through science and technology will also become another popular vocabulary after value investment in the next few years.

Hot money enters the market to create concepts, institutions follow up, the media releases the news, and listed companies continue to release positive news, everything is proceeding in an orderly manner.

On February 2, the two cities continued to rise, and technology stocks continued their recent strong performance. At the same time, stimulated by policies, the concept of a millennium new district that collectively collapsed hot money also rebounded considerably today.

However, the major institutions cut too hard in the first wave. The attention of this sector is only a small rebound, and the persistence is also very average.

The sector that hot money dare not go to is destined to not do much in the short term, and to be honest, there are basically not many good stock targets in the concept stocks in this sector.

Most of them are individual stocks that are too large and have poor performance. If there is no concept that turns out, the wave of large institutions locked in 2015 will not be released until the year of the monkey.

It's no wonder that they eagerly began to sell the chips in their hands as soon as the concept was born and hot money hit the top.

After passing this site, you don't know where the next stop is!
There are only five trading days in February after the festival. Although the trading volume in these five trading days is not large, the profit-making effect is relatively good.

The rebound trend of small and medium-sized enterprises is still there, and the performance of technology stocks is very impressive. Last year, after the sharp drop at the beginning of the year, the group of value investors has shrunk a lot.

Therefore, the blue-chip white horse stocks entered a relatively stable adjustment after the festival, and the Shanghai Composite Index once went out of the six-day rebound before and after the festival.

But in any case, the post-holiday market still belongs to the small and medium-sized entrepreneurial stocks led by technology stocks, and hot money retail investors still have relatively high participation in these sectors.

On Wednesday, February 2, the Shanghai Composite Index closed at 28 points. With a monthly decline of 3259.41%, it broke through the monthly 6.36-day line and the 10-day line. The technical K-line trend began to turn downward.

The GEM index rose by 0.58% today, closing at 1753.63 points, and rose 1.07% for the whole month. It once fell to the GEM index near 1571 points, and rebounded more than 150 points after the festival.

Affected by the stock swap in the days before and after the festival, the net value of Junshi Investment has rebounded to a certain extent, but the net value of the whole month still retraces as high as 3.76%, and the net value drops to 2.5876.

The net worth of Junshi No. 1.5147, which is most concerned by the public, has not changed much. It has only changed from 2 in January to 1.5227 in February, and the overall scale has increased by less than 2 million compared with last month.

The fluctuation of Junshi No. [-] is still so small, and for a while, the market is full of imagination.

(End of this chapter)