The Road to Rebirth Finance

Chapter 465 The Last Fall

The net worth rebounded for three consecutive days, and including that interview, it was a response to Gu Junhao who sang more than three times within a month.

In the three trading days since the bullish call at the weekend, the stock has recovered all of its losses this month, which is impressive in this month's gloomy environment.

After a few trading days, the previous curses against Gu Junhao have been reduced a lot, replaced by the joy that Gu Junhao has returned his investment at a real price.

Probably, the only people here who are depressed are the Christians who had their meat cut off last week.

In fact, if you are careful, you should have discovered it very early. Since the end of September, the performance of Junshi Investment has been far stronger than that of the market. Even during the stock market crash last week, the retracement has been controlled. very good.

This week it went against the index and performed well.

Thursday, November 10.

According to news yesterday, following Shenzhen City’s tens of billions of funds to rescue the market, Imperial City intends to allocate one to two times more funds to support the tens of billions of bailout funds launched in one of its districts.

At the same time, the Imperial Financial Office and the China Securities Regulatory Commission will organize exchange and coordination meetings in the near future to replicate this model in other jurisdictions.

Yesterday, the imperial capital sector had already risen sharply. Obviously, smart funds had already learned the news in advance.

Next, this method of speculating on maps may continue. Listed companies affiliated with some developed cities have a relatively higher probability of rising.

The rescue operation is proceeding in an orderly manner, but today's stocks are surprisingly strange.

Yesterday, the three major indexes in the Shanghai and Shenzhen stock markets collectively opened over 1% higher, but today, without any negative news, the three major indexes collectively opened over 1% lower, which is exactly the opposite of yesterday.

"Hey, this was intentional. Last night's market performance was pretty good. Today's 1% lower opening is completely unnecessary and impossible."

"Today's decline is mainly in the Chinese prefixes. The impact of the decline in the mid-prefixes on the index is not small."

"Don't worry about him, we will continue to do it according to our thinking. In the next days, we will abandon the index and focus on individual stocks in the sector."

There are no major changes in the external market, but the internal market is good, and it is a substantial follow-up of real money to rescue the market. Moreover, yesterday's stock trend has begun to tend to become stronger, and the index has inexplicably dropped.

Below the 2005 point, except for the big financial and some big consumer categories where there is room for decline, individual stocks are basically at the lowest valuation level in history. I really don’t know what is scary.

There is a high probability that such a trend is due to the lure before the introduction of major policies.

Very reasonable, right?Without a big drop, there seems to be no reason for the introduction of the policy, but with a big drop, the introduction of the policy seems to be more reasonable.

Just like the previous few trading days of sharp declines, the three major indexes of the Shanghai and Shenzhen stock markets opened low and moved low during the process of consumer stocks and the Chinese market taking the lead in the killing, without any effective rebound throughout the day.

In just over 10 minutes of early trading, Zhongguo International Travel was close to the limit, the Shanghai Airport fell 6%, and some other white horse stocks also fell one after another.

Ning Wang, which opened 1.7% lower in the call auction, once fell by more than 9% at 40:6, and the stock price was as low as 65.52 yuan, which once had a tendency to break through.

China-Singapore Telecom, which rose 3.05% yesterday, also tended to weaken. At 9:40, the stock price fell close to 3%.

"No more buying, let's focus on GEM." Gu Junhao gave the order.

The GEM Index recovered at 1207.86 at this time, with a real-time drop of 1.95%. It is not certain whether it can hold the 1200 point today.

The vicinity of 1200 points can be said to be the iron bottom for the GEM; the GEM bull market in 2013 and the bull market from 2014 to 2015 started. At these two time points, the GEM did not effectively fall below 1200 points.

In 2018, even if the market is so extreme, it cannot effectively fall below this position!

From the current point of view, the bottom of the GEM is the most obvious. Today's index bottomed at 1200 points, when it hit a new low, new and old star stocks such as Ningwang, Dongfang Fortune, and Tong Huashun did not set a new low.

In the future, with the implementation of the registration system and the expansion of the GEM, no matter how low individual stocks fall, it will be impossible to see the 1200 point again.

This situation will only occur under extreme market conditions like 2018.

Sometimes Gu Junhao wondered what would happen if an ignorant investor entered the market right now?
Was it because of the extreme drop in the index that you cut your flesh and left the market, or did you buy a certain stock by mistake, then you got caught and chose to play dead, and finally reaped a profit?

In his previous life in 2018, from October to the end of the year, Gu Junhao persuaded people he knew well over and over again to buy stocks.

For more than two months, while Gu Junhao went bankrupt and bought stocks, he also wanted more acquaintances to buy stocks, although doing so would not do him any good.

When a friend earns money, he won’t give you a part of it. At most, he buys a gift and treats guests to a meal. If he loses money, he will resent himself for it.

But Gu Junhao still did this, just because in his opinion, this time is really a historic bottom, and the valuation of some stocks even returned to before 2008.

In 10 years, the country is developing, and the valuation of a relatively excellent company cannot be at the level before 2008. Such an opportunity really cannot be missed.

By chance, Gu Junhao had one more chance than ordinary people to experience the extremely weird falling market in 2018. Just like in his previous life, Gu Junhao continued to be bullish at this position.

Singing more than three times in a month, apart from attracting the attention of the upper management, did not bring any substantial benefits to Gu Junhao, what he gained was more insults, and was even sprayed as the same type of person as Li Daxiao.

Junshi Investment has increased the subscription scale by billions, but to be honest, these billions of funds are of little significance to Gu Junhao.

I have already negotiated with a number of banks and securities companies before. Once Gu Junhao needs financing, these banks and securities companies can provide Gu Junhao with a financing line of up to 200 billion.

For Junshi Capital, which holds a large amount of cash flow, financial institutions are very willing to cooperate with such a big client, it depends on how much Gu Junhao wants.

Gu Junhao is not a saint, and he is not merciless when cutting leeks in the stock market. The operation mode of selling first and then buying in the first week of October also acted as the main force of market smashing to some extent.

Sing more, Gu Junhao definitely has his own interests, but it does not prevent him from telling some investors who see an opportunity but are not determined that this is an opportunity.

Most of the time, investors will have their own logic when buying stocks, but under extreme market conditions, all that is lacking is confidence.

He is not a saint, but Gu Junhao doesn't mind giving such confidence to some of his investors who are willing to believe in him.

As for whether they can make money and how much they can make, each has its own destiny.

"Boss, Mindray Shares has actually opened. Do you want to increase your position?" Liu Tingting's voice brought Gu Junhao back to reality.

The share price of Mindray, which raised the largest amount of funds on the Growth Enterprise Market this year, was listed on October 10. Mindray shares were issued at a price of 16 yuan, and the actual funds raised were 58.56 billion yuan.

Just two trading days after the daily limit, Mindray shares dropped from the daily limit price of 85.03 yuan to 73.38 yuan at the opening today!
In 6 minutes, more than 12 billion fled funds, and the stock price fell by 15%.

"Buy, there is no hesitation here. I dare not buy it, but I still want to buy it. I can take as much as I can."

Seeing that the stock price of Mindray shares has risen to 74 yuan, Gu Junhao said with a smile, this is a very rare opportunity.

For the listing of new shares, at present, it is impossible to have only two boards, even if it is the market value, it is not enough. Today's Mindray shares are undoubtedly the one that was killed by mistake.

Speaking of which, this leading stock of medical equipment was listed faster than King Ning. It was officially listed less than a month after the prospectus.

In my impression, except for 2018, this company seems to have never been below 100 yuan, and its market value exceeded 6000 billion yuan at its highest.

Today, according to the daily limit price of 85.03 yuan, its market value is only around [-] billion yuan. In a few years, it will easily earn more than three times the income.

In the last life, Gu Junhao's winning rate in medical stocks was an exaggerated 100%. He still had a certain understanding of A-share medical companies, let alone such a leading company.

At 10 o'clock, as expected, the speculative market started, with the Guangdong Bay Area concept sector rising across the board, leading stocks once overtaking the market, and the sector as a whole collectively rising.

However, it has no effect on the index. The index did not have any effective rebound until 10 o'clock, and the Chinese prefix is ​​still in the process of continuing to drop.

At 11:15, Zhongguo Communication Construction once approached the lower limit, Zhongguo Railway Construction, Power Construction and other companies fell unilaterally, and the Shanghai Composite Index approached the 2500-point mark.

After the trading started in the afternoon, Zhongguo Petroleum joined the ranks of the sell-offs, and Zhongguo Communication Construction, China Railway Construction and others completely blocked the price limit.

By 13:30, more than 30 individual stocks in the Shanghai and Shenzhen stock markets fell by their limit, and the limit-down stocks were mainly concentrated in the heavyweight stocks headed by the Chinese prefix.

Not surprisingly, the Shanghai Composite Index fell below 2500 points and reported at 2499.47 points, with a real-time decline of 2.43%.

The GEM index is still sticking to 1200 points. After the turbulence in the early trading, the trend of the GEM today is actually much stronger than the Shanghai Composite Index.

After Ning Wang's rapid drop in the early trading, he was quickly pulled up, and the stock price was close to flat for a while. Above the trading market, the selling pressure was also relatively light.

The other GEM heavyweight stocks such as Dongfang Fortune and Tonghuashun performed reasonably well, which shows that the selling pressure is no longer serious.

Today's extreme sell-off market led by the Chinese character head is also a good thing for the ChiNext, as the last wave of floating chips has been washed away, and the ChiNext can go into battle lightly.

The unreasonable drop of stocks with Chinese prefixes today may also be related to the concentrated adjustment of positions by large funds. After the stock market crash in the past few years, the performance of stocks with Chinese prefixes is really mediocre.

While liquor, new energy, technology and other sectors are hitting new highs frequently, stocks with Chinese prefixes are still mired in the quagmire.

The domestic real estate industry has begun to turn from prosperity to decline, and with changes in the international environment, the expectations for this type of stocks will certainly have to change accordingly.

Catching up with this rare big bottom, it is normal for some big investors to adjust their positions in time and look for new investment targets.

As PetroChina joined the sell-off, the stock index plunged even more. Near the end of the day, the Shanghai Composite Index continued to expand its decline.

The Shanghai Composite Index fell 2.94% throughout the day, with the index falling below 2500 points and closing at 2486.42 points. The GEM Index closed at 1205.03 points, down 2.18% on the day.

More than 3100 stocks in the Shanghai and Shenzhen stock markets closed in green, and nearly 150 stocks fell by the limit. PetroChina, the main force of the afternoon sell-off, fell nearly 8%, which is very rare.

On the second Thursday in October, A-share investors once again felt a black Thursday.

The index plummeted, 68.03 stocks fell by the limit, and the heavyweight stocks fell extremely, which once again caused great panic in the market. Ning Wang closed at 2.81 yuan in late trading, down [-]% within the day.

However, judging from the trend, Ningwang, which had an amplitude of as high as 8.4% throughout the day, made a V-shaped reversal after a sharp decline in early trading, but stubbornly pushed the stock price above the [-]-day line.

Dongfang Fortune, which rose 4.47% yesterday, is even stronger today. The stock price only fell 0.27% to close at 10.96 yuan, a false positive line, allowing it to firmly stand on the 20-day line and the [-]-day line.

From a technical point of view, Dongfang Fortune's current bottom rebound trend is still not strong.

The same is true for Tonghuashun. Tonghuashun, which surged 7.26% yesterday, has a trend similar to that of Dongfang Fortune today. With a false positive line, it fell 0.68% to close at 30.68 yuan.

Judging from a series of representative stocks on the GEM, today is the last drop of the GEM, so there is no need to doubt it.

"Huh, Yingke's shares have actually fallen by the limit?" When looking through the price limit, Gu Junhao discovered the now-average Yingke shares.

Judging from his main business, share capital and market value, not to mention looking at the big A, even in the medical sector, it is an inconspicuous existence.

(End of this chapter)