The Road to Rebirth Finance

Chapter 461 The Dawn Has Appeared
After a vacation, everything seems to have changed.

But in fact, nothing has changed. The problem of rice debt is not a day or two, and the crisis has always existed.

Ordinary investors don't know the reason why a specific time node was detonated, and they can't explore it. They can only be carried forward by the torrent.

Under the general environment, in fact, there is not much difference in the impact of investing in stocks and not investing in stocks. If you do not invest in stocks, the funds in your hands may disappear somewhere else.

Of course, the people who participated in it must have lost the most. Today, the real price investment has retraced seriously. In September, it finally rose to 2.4 net value. .

Just like buying stocks, the group of people who rushed in when it rose to 2800 points at the end of September were caught again.

This feeling is very hopeless. The first group of people who went in had already made money. If the situation is not right, they may run away in time, but I chose to take over.

The sharp drop on October 10 seriously affected the mood of subsequent transactions, and the problem of rice bonds was also magnified due to today's sharp drop.

Compared with the end of last month, the number of empty-speaking institutions has begun to increase.

On the evening of October 10th, the stock market on the other side of the Pacific Ocean opened lower and opened lower. Panic selling occurred near the end of the session. The Dow plummeted 10 points in one day. The plunge in the technology and chip sectors dragged down the Nasdaq, which plummeted More than 800%.

Nvidia plummeted 7.48%, with both trading volume and decline hitting new highs in recent times. The ten-year rice bond yield is usually considered a "risk-free yield."

This investment is generally regarded as the anchor of global asset pricing, and the continuous rise in yields has forced institutions and investors to start reassessing risky assets such as stocks.

The bloodbath suffered by rice stocks overnight and a series of confusing operations by Datong also made people in China who have been short-selling rice stocks feel high-spirited.

These experts believe that the bull market of rice stocks is over, but in fact, domestic stockholders don’t care about this, they only worry about the performance of A shares after the market opens tomorrow.

According to statistics, on days when the Dow falls by more than 3%, the probability of A-shares falling the next day is as high as 75%, and the probability of falling by more than 3% is 50%, and the probability of falling in the next 5 trading days is also 50%.

My big A has indeed always had its own independent trend, but it is only independent of rising. Whenever the international stock market plummets, he is never absent.

The night of October 10th was painful for night cat stockholders. Why pay attention to the night market, so that you can sleep soundly without watching it.

After all, after the first trading day, A shares also resisted for two trading days at the position of 20 points on the daily line and the 2700th line, and closed two small positive lines.

On October 10, after a few years, A shares encountered Black Thursday again.

Starting from the call auction in the morning, funds began to flee crazily, and the index gapped down by more than 80 points in the opening data, which seriously hit the confidence of the market.

The Shanghai Composite Index plummeted 143.38 points throughout the day, falling directly from 2700 points to 2583.46 points. After trading throughout the day, the market showed no resistance.

The daily decline of 5.22%, the last time it was larger than this figure, dates back to the time when the market was blown on New Year's Day in 2016.

The Shenzhen Component Index fell by 6.07% on a daily basis, and the ChiNext Index fell by 6.3% on a daily basis. The ChiNext Index has dropped to 1261.88 points, and no one is going to calculate the so-called new lows anymore.

Today's decline in the Shanghai and Shenzhen stock markets was driven by volume, and the trading volume of the Shanghai Composite Index exceeded 1700 billion yuan, which shows how panicked the market is today.

Sino-Singapore Communications fell by the limit today, and the stock price has fallen to 15.17 yuan. Ning Wang even fell below the 60 yuan mark in the intraday session today, closing at 60.45 yuan in late trading, a daily drop of 6.86%.

Over the past four trading days in a week, King Ning has fallen by more than 20%. During the four days, King Ning, who is in the Jun Shi No. [-] position of Junshi Price Investment, has always been around the principle of selling first and then buying.

However, when the trading volume is not high, the loss is still not small, especially for Sino-Singapore Communications.

Four days of trading, highly compulsive operations, the pressure on the trading team is still very high, and the amount of funds exceeds [-] billion. In the case of extreme market conditions and the situation where short selling is not possible, the workload is still very heavy in order to control losses.

After the market closed at three o'clock, looking at the trader slumped on the chair, Gu Junhao also smiled.

"The trading volume is released today, and the panic market has come out, especially the GEM, which has reached 1200 points. Next, we will start to increase our positions, starting with the GEM stocks."

"Ah, so the GEM shareholdings don't need to be T-listed tomorrow?" Hearing this, everyone also cheered up.

In the past few days, I have to do T every day. With so many positions, the trading volume is really very large. Although there is trading software to assist, the pressure to watch the market is much greater than before.

"Well, there's no need to do T, first increase the position of the GEM holdings, and wait for the main board."

In Gu Junhao's view, today's market has reached an extreme. The Shanghai Composite Index's trading volume of 1700 billion, and the Shanghai and Shenzhen stock markets' trading volume of more than 4000 billion have both created new highs in the past few months.

With such a high trading volume and such a low position, it is obvious that the panic market has begun to flee.

For large funds, it is already possible to increase their positions at one position. At present, most of the high-quality performance stocks in the market have actually deviated from the normal low valuation position.

Under extreme market conditions, the bottoming of the index or individual stocks is usually a process of rebounding with shrinking volume and digging holes with heavy volume.

Today's heavy-volume decline, the market will continue to fall undeniably, and eventually the panic will be maximized. After a heavy-volume decline, it will probably be about the same when the volume can gradually shrink to about the previous average level.

Compared with others, Gu Junhao has the advantage of being a prophet. With a huge amount of funds, he can start buying bottoms without any scruples.

After resisting the panic for a few trading days, Junshi can harvest a lot of chips in advance, grasp the first-mover advantage, and maximize the benefits in the process of bottoming out in the future rebound.

This is Gu Junhao's greatest advantage under such extreme market conditions.

On Black Thursday, the market fell by nearly 300 points in four trading days. The decline was extremely cruel. Institutions, retail investors, and hot money all suffered heavy losses in the series of declines.

The stunned retail investor group has no energy to curse people. In the past few days, whether it is online social media, stock bars or stock groups, they have all seemed very quiet.

Most of the time, the sentiment of retail investors is also an important reference indicator for the A-share market. When most people are still buying the bottom, then it is not the real bottom.

The real bottom is often accompanied by the extreme despair of a large number of retail investors in the market, and they are cut off from the market, and some groups of retail investors even delist directly.

Cruel, but realistic, this is where the financial markets get bloody.

After the market close, a large number of investors are waiting for the policies after the stock market crash. The China Securities Regulatory Commission also timely announced the market without IPOs this week.

On October 10, Friday, the Shanghai and Shenzhen stock markets shrank and rebounded.

The Shanghai Composite Index ended this week's trading at 2606.91 points; within a week, the index fell as much as 8.22%.

The GEM index rose 0.52% daily to close at 1268.41 points, with a weekly decline of as much as 11.26%.

Star stocks on the GEM, as well as Ningwang, which is heavily held by Junshi, rebounded and rose 3.99% today, and the stock price closed at 62.86 yuan.

Judging from the K-line, today Ningwang’s shrinking Zhongyang line has all recovered the position of the entity’s decline on the Yin line yesterday, and the trend of one yin and one yang has begun to form a real bottom shape.

It is very normal for individual stocks that are concerned about funds to bottom out ahead of the index.

Since today, the Junshi Department has been fully committed to the main force. The overall position of Junshi Price Investment has increased by 5% today, and the total position has risen to 75%.

The sharp drop in a week, although it was due to doing T with all its strength, no matter how you operate, the loss of Junshi Investment is still very heavy.

If it weren't for the wave of blood today, the decline in the week would have exceeded the entire increase in the previous month.

Over the past week, Junshijia Investment has a retracement rate of 4.38%, and its net value has dropped from 2.4339 at the close of last month to 2.3316 today.
With the decline and the redemption of some retail investors, the overall size of the fund has also shrunk severely this week, from around 208 billion yuan before, to about 195 billion yuan this week.

In the fund comment area, there were not a few investors who ridiculed and cursed Gu Junhao for failing to buy the bottom this time, and everyone vented their falling emotions on Gu Junhao.

This is the case with public figures. When you do something with a high profile, you have to bear the backlash caused by the opposite consequences. Gu Junhao thought of this consequence when you launched the subscription at a real price in mid-September.

However, Gu Junhao still did this, and it would be too late to let go after the index fell to 2400 points!
As the first institution to publicly sing long, taking advantage of the rebound season in late September, it can attract more funds to buy.

If it really falls to 2400 points, no one will dare to buy it!This is a means, understandable.

And just after the market closed today, due to weekend reasons, Junshi Price Investment also announced its position in the third quarter in advance, which has not changed much from the second quarter, but it is still very obvious.

Gold stocks have been transferred out of positions, and the shareholding ratio of technology stocks has also declined. Due to the increase in the size of the fund and the lock-up, the shareholding ratio of Sino-Singapore Communications has dropped below 10%.

The shareholding ratio of pharmaceutical stocks has increased somewhat; while King Ning is still the number one heavyweight stock held by Jun Lishi Investment, and the shareholding ratio remains at 10% of the full position.

"King Ning has fallen to 60, and the position is still full? Could it be helping someone to take over the order?"

"The normal valuation price given by the institution is around 60 yuan, and the valuation given by Junshi Capital itself is also this price. Is it really appropriate to fill the position at this price? Even if there is a premium, it is not much, right?"

"This stock mainly depends on whether the performance can break out. Now that the domestic new energy vehicle market has also risen, if the performance breaks out, the valuation will be higher, but at most it will be more than 90 yuan before, not more than 100 yuan, but The price of big money is almost the same, and it is also a big profit.”

"Ning Wang's single-jun real price investment in a fund's holdings is almost 20 billion. I must have bought Junshi No. [-] and self-operated stocks. How much did you buy, Niubi."

"It's useless to talk about it, you guys, it's true to increase your net worth; MD, I didn't reduce my position at the end of last month and vomited blood."

"There's a saying, no one is happy if it falls. However, this week's stock market crash, it only fell 4.38%, I can still accept it. My stock fell more than 20% in a week, I'm so angry."

"I'm not happy about the 0.38% drop! Who told him to sing more in public before, he was cheated to death, silly fund manager."

"That's right, those of us who participated in the stud last month were all deceived by him. Once we became capitalists, we started to deceive fans."

"It's even more hateful than Li Xiaoxiao. At least no one believes in Li Xiaoxiao. There are still more people who believe in him."

Facing the overwhelmingly negative comments, Gu Junhao remained unmoved.

On Saturday morning, Gu Junhao deliberately got up early, stood in the sunshine of his home and took a photo of the rising sun, which was fully synchronized to his various social platforms.

And the caption said: "The dawn has appeared!"

(End of this chapter)