The Road to Rebirth Finance

Chapter 472 The Science and Technology Innovation Board is coming (two-in-one)

In the first month of the rescue after the October stock market crash, various new rules were implemented step by step. With the new rules, the index soared to a maximum of 2700 points in this month.

One of the most mentioned new policies is the establishment of the Science and Technology Innovation Board.

In fact, in October, the Science and Technology Innovation Board was already being mentioned, but the index fell off a cliff at that time, so the newly established sector was naturally not mentioned again.

In November, with the rebound of the index, this policy was brought up again, and the first batch of listed companies was almost confirmed at the end of the month, which can be described as fast.

According to news from leading securities firms, the first batch of companies listed on the Science and Technology Innovation Board have now most likely entered the IPO coaching stage, and corporate requirements are the top priority.

Affected by a series of incidents in China-Singapore Communications this year, the decision-makers have elevated support for the development of technologically innovative enterprises to a strategic level.

By setting up a special section to solve the financing problems of technology-based enterprises, it has naturally been put on the agenda.

High-tech technologies in integrated circuits, artificial intelligence, biomedicine, aerospace, new energy vehicles and other fields will become the main components of the Science and Technology Innovation Board.

At present, the market generally believes that the arrival of the Science and Technology Innovation Board is still a long time away. Both the small and medium-sized boards and the GEM have been brewing for almost 10 years.

But it is a pity that the Science and Technology Innovation Board will unexpectedly be officially launched in June next year, becoming the fastest board in history.

Before the launch of the Science and Technology Innovation Board, there will be a peak of speculation for existing technology stocks, and then part of the funds will be diverted to the Science and Technology Innovation Board.

In other words, the technology stocks currently held by Junshi will undergo a major reduction in positions before June next year, ending the current hype process.

This is the advantage of being able to know some news in advance. It doesn't matter which stocks you buy, but the general trend caused by the situation is the most important thing.

What's more, the technology stocks currently held by Junshi are basically leading companies in various major segments and companies with comparative advantages.

In December, winter has arrived, but the news coming from the market has made investors feel warm.

On the evening of December 12, local time, the incident that lasted for a year finally reached a consensus after the leaders of both sides met.

The two sides decided to stop the upgrade and restrictive measures on various projects, cancel various additional taxes imposed this year, and push bilateral relations back to normal track as soon as possible!
This news was reported by the most authoritative media, and its authenticity is beyond doubt. Once the news reached the country, it caused a huge sensation even at night.

The stone that has been weighing on the minds of investors for a year has finally fallen to the ground!
For nearly a year, some news that emerged from time to time affected the market or individual stocks, causing heavy losses to investors.

Although the specific details are not yet known, there is a trend of development in a good direction. The adjustment of the market at the end of November may not be optimistic about the results of the negotiations after the meeting between the two parties.

This time it's good, finally there is a good result.

On Sunday, the fermented news has already made investors look forward to a big rise on the first trading day in December.

On Monday, December 12, the Shanghai and Shenzhen stock markets, under the stimulation of major positive news, unsurprisingly jumped upward. The Shanghai Stock Exchange Index rose 3% that day, returning to above the trend line.

The ChiNext Index soared 3.26% in one day, closing at 1372.79 points. The Shanghai and Shenzhen stock markets experienced general gains.

The 5G sector, which performed well last month, continues to lead the two cities. China-Singapore Communications jumped 7.90% and closed at 21.44 yuan, with daily trading volume enlarging to 50 billion yuan.

The closing price of 21.44 yuan once again raised the total market value of China-Singapore Communications to more than 5 billion, while Dongfang Shares, another [-]G short-term leader, closed at the daily limit without any surprise.

Oriental shares, whose daily trading volume has increased to 4 million yuan, ushered in the fourth daily limit in six trading days, showing its leading temperament.

The next day, Dongfang shares once again gained a 5.47% increase. The highest intraday price and closing price both refreshed the high point on November 11, showing a breakthrough state.

In the following two trading days, the broader market was affected by another plunge of nearly 800 points in rice stocks, and entered the adjustment mode, and Dongfang shares immediately began to step back after the breakthrough.

On Tuesday night, the Dow Jones Industrial Average fell more than 800 points intraday, and the Russell 2000 index of small-cap stocks suffered its largest one-day decline since November 2011.

The collective plunge of large technology stocks such as Apple, Google, and Nvidia, the inversion of rice bond yields, and the Fed's interest rate hikes are all the main factors that caused the rice stocks to plummet again.

Of course, tweets from the commander-in-chief are also indispensable.

The plunge in rice stocks again made investors realize that although the two sides have temporarily stopped the escalation of the situation, things do not seem to be that simple.

The friction over the past year has had a serious impact on the economies of both parties. It may not be easy to recover in a short time.

Even with this major positive blessing, A-shares failed to break through the high of 11 points set in November despite their sharp rise on the first trading day.

Even if there is only a gap of less than 30 points, it has not been broken for several trading days.

The so-called one bang, then decline, three exhaustion; several days of continuous adjustment, so that investors began to wake up.

In December, the trend of A shares has not been very good.

On Friday, although the Shanghai Composite Index closed slightly up 0.03%, it still failed to stand on the 10-day line, and it was still a long way from recovering to the [-]-day line.

The trend of opening high and moving low in the first week of December disappointed the market very much.

But this does not include investors who hold Oriental shares. On December 12, Oriental shares, which adjusted to the 7-day line for two consecutive trading days, once again bucked the market and hit the daily limit!

On Monday, December 12, the Shanghai Composite Index still gapped downward and closed down 10% despite the favorable conditions over the weekend, falling below 0.83 points again.

The 2600 point has been repeated, frequently broken, and today's gap down again. Although it is only a small drop, it is enough to give investors a big warning.

If the market is weak and unable to break through, there is no other way but to continue to push back downwards.

Judging from the performance of the market today, the favorable policies to rescue the market over the weekend are no longer enough to stimulate the rise and fall of the market. It is imperative to continue to bottom out and find the real bottom of the market.

5G leader Dongfang shares once again closed at the daily limit today. Since the rebound in October, Dongfang shares for the second time in a row triggered a rush for hot money.

On Tuesday, December 12, Dongfang shares, which had jumped short and opened high, took only 11 minutes for the stock price to be firmly above the daily limit.

7.70元的价位，相较于10月19日3.70元的低点位置，已经上涨了108%之多！

In less than two months since the market bottomed out, Oriental shares have doubled for the first time. In fact, it has only been 7.70 trading days since its launch to the current price of 12 yuan.

Institutions such as Junshi Capital locked up at the bottom, and many well-known hot funds participated in the rally, with two triple-headings.

Listed companies have taken advantage of the trend to get involved in the most popular sectors at the moment, and the market is not big; Dongfang Shares already has all the qualities of a popular leader in the sector.

If another company denies the three consecutive or reduces its holdings, it will all work.

The three major elements of monster stocks in 2018: bad performance, bad concept, and major shareholders reducing their holdings.

Moreover, most of the monster stocks are created when the market enters the adjustment range. The situation of the monster stocks is used to maintain market sentiment.

In the remaining trading days of December, although Oriental shares also entered a state of adjustment after the first round of doubling, they were still much stronger than the continued downward trend of the market.

As of Friday, December 12, during the two-week adjustment period, Dongfang's stock price hit a low of 21 yuan, and on December 6.89, it once again set a two-week high.

On December 12, Oriental shares opened low and moved high, with an amplitude of 21%, rising to a high of 10.37 yuan during the session, and finally closed at 8.05 yuan.

Whether it is the amplitude, turnover rate, trading volume, intraday price or closing price, they are all higher than the last daily limit day of the second round of three consecutive boards.

A high-volume Yang line with a bare upper shadow Yang line is like a fairy guiding the way, providing all the necessary technical indicators for the stock price to rise again.During the period when Oriental Shares went against the trend, the Shanghai Composite Index continued to fall. By the end of the day, the index closed at 2516.25 points, and even fell below the 2500-point mark during the session.

Since the rebound this month, the highest point of the Shanghai Composite Index is only 2666.08 points. The decline in half a month has once again brought the market back to near the closing position on October 10.

The upward gap between October 10 and October 19 has also been successfully filled.

No matter how low it is to jump up to the gap, my big A always adheres to the principle of making up for every gap and never specializes.

In the past half month, various news policies in the market have been unable to stop the downward trend of the market, and it has never looked back on the road to correction.

The specific reason is that the speed and attention of the Science and Technology Innovation Board are far beyond the market's expectations. In the short term, the market still regards the arrival of the Science and Technology Innovation Board as a negative.

After all, the Science and Technology Innovation Board targets the GEM. It is not a small concept hype subject, but a serious sector.

The birth of a sector is bound to involve a large number of fresh blood. Considering the current market trading volume, diverting some funds to the Science and Technology Innovation Board is a very unstable factor.

On December 12, the Shanghai Composite Index opened lower and moved higher throughout the day, up 24%, ending the daily Si Lianyang market.

Dongfang shares, which had already been on the rise, opened with a gap and rose 2.33% in the opening price. At 10:09, it once again closed the daily limit, and the stock price reported at 8.49 yuan!
The price of 8.49 yuan has also set a new high price for Oriental shares during the year. The chips purchased after March 2017 have all achieved profits today!
"After holding it for a year and a half, the 8.15 yuan was finally released. I burst into tears. Thanks to the main force. Today, this board is sealed well. I will sell another board tomorrow. I will not be greedy."

"With the same cost of 8.1 yuan, I didn't expect that there would be a day to unwind. In more than a year, I experienced halving and recovering the capital. I sold it today. I don't want to wait any longer. I can't bear it in my heart, and I will never trade in stocks again."

"It's great that you guys got rid of the trap. I don't know what year it will take for me to get out of the trap with a cost of more than 10 yuan. I just hope that he will pull it out for a few more days, preferably another triple board, so that I can get out with less loss." .”

The third quarter report shows that Dongfang Shares, which has a share capital of 12.5 billion, has only 81221 shareholders. This does not include Jun Shiji Investment, which secretly raised funds.

According to the third quarter report, Junshi Price Investment, which was affected by trading volume restrictions, did not buy enough to appear in the list of the top ten shareholders. The increase in trading volume in November was the real time for Jun Shi Price Investment to open a position.

With a base of 12.5 billion share capital, there are only more than 8 shareholders. Apart from the controlling shareholders, there are very few retail investors who can stick to it.

These retail investors, to be honest, are all ruthless people. A stock whose performance is not outstanding and whose stock price has been cut in half can bury its head and stick to it. Whether it is an ostrich state or something else, it is considered a skill.

According to the third quarter report, the largest circulating shareholder of Oriental Holdings is the National Team, with Securities Finance and Huijin holding a total of 3.93% of the shares.

But now, it’s hard to say who the largest circulating shareholder is.

In the first half of December, on the premise that the trading volume and turnover rate of Oriental shares further increased, although Junshi Price Investment also engaged in T behavior during the day, it mainly focused on collecting funds.

As of today, Junshi Price Investment holds a total of 4750 million shares of Oriental shares, and the cost has also risen to 6.12 yuan, with a total cost of 2.91 million yuan to build a position.

As of today, the market value of Oriental shares held by Jun Shi Price Investment has exceeded 4 million yuan, and the profit has reached 38.73%!

If the national team sells part of it during this round of promotion, then Jun Shijie Investment will very likely rise to become the largest circulating shareholder!
In fact, the reason why Junshi Price Investment's holdings have continued to rise in the past two months is most likely due to the continuous withdrawal of funds and institutions from Oriental Holdings' holdings.

Although Oriental Holdings has a total share capital of 12.5 billion shares, only one major shareholder accounts for 45.439%, and the top ten shareholders hold more than 52% of the shares.

Counting some large and small funds that do not appear among the top ten circulating shareholders, the chip lock-in rate of Oriental Shares should exceed 60%.

The chips are highly locked. Even after the speculation, Dongfang shares, which have a market value of over 40 billion, have a real circulating market value of only about [-] billion yuan.

The average daily trading volume of more than 5 million yuan has exceeded 10% of the circulating market value. Once the mood rises, it is very simple to increase the price.

High concentration of chips and low participation of retail investors are also a major factor in demon stocks.

Generally speaking, retail investors do not dare to participate in this kind of early increase. The higher the price rises, the more afraid it becomes. The more afraid the price will rise, the more it will rise. This is the mentality of retail investors in short-term trading.

When they see the stock price double and appear at the top of the short-term gain list, most retail investors' first reaction is not to dare to pursue it.

The more daring retail investors who took advantage of the lower position to catch up would not be able to hold on for a few days. One adjustment could easily wipe out the retail investors.

There have been many ten-fold demon stocks in recent years, and there must be many retail investors who have benefited from them.

But in Gu Junhao's view, there are not necessarily many retail investors who have made huge profits in the process of large-band gains.

[-]% of investors make profits, [-]% of investors are flat, and [-]% of investors suffer losses. As one of the [-]%, Gu Junhao is no weaker than hot money in understanding the mentality of retail investors and market sentiment.

At the close of the day, the China Securities Regulatory Commission held a special meeting on the launch of the Science and Technology Innovation Board. The Science and Technology Innovation Board, which has officially entered the discussion process, has entered an acceleration period like Oriental Shares.

12 month 25 day.

The index, which had just ended its four-day negative streak, fell again as this news expanded. The Shanghai Composite Index once again entered the process of extreme pull with positive energy of 2500 points.

Oriental shares, which entered the acceleration period, still gapped upward. Afterwards, Oriental shares, which fluctuated at high levels throughout the day, once again closed the daily limit with a stock price of 9.34 yuan at [-] o'clock in the afternoon, achieving two consecutive boards.

Today is the first time that Dongfang shares did not seal the daily limit in the morning since its first daily limit at the end of November. The stock price of 11 yuan has exceeded the highest price in 9.34.

While the annual line position has been reversed by Dayang, it has also put a lot of pressure on Oriental shares to unwind. Today's difference can be clearly felt from the 10.72% turnover rate throughout the day and the trading volume of 9.25 million yuan. arrive.

On Wednesday, December 12, the Shanghai Composite Index closed with a small drop again and still failed to recover the 26 point. Eastern shares, which had already felt the differences yesterday, were very volatile today.

Oriental shares, which opened higher throughout the day and hit the daily limit, plunged in the afternoon and finally closed at 1.50 yuan with a 9.48% increase.

On the K-line, there is a high-volume cross-false negative line for Dongfang shares, and the turnover rate and trading volume have both hit the highest record since listing.

Without the memory of his past life, Gu Junhao's profit has exceeded 50%. At this time of major divergence, Gu Junhao would choose to reduce his position and stop profit from part of his position.

Keep the remaining positions for later observation. If the position goes well, continue to hold it. If it goes bad, just clear the position, delete it and leave at your own choice.

However, Gu Junhao is relatively clear about the trend of Dongfang Shares stock. Before the 2018 annual report and the first quarter of 2019 are reported, Gu Junhao will definitely cut some profits.

But it is definitely not now, so although I also participated in T-making today, Jun’s net price investment is still undiminished.

On December 12, Dongfang shares continued to open at a high price of 27 yuan. After a slight decline, it quickly rose to a price of 9.59 yuan again, with a real-time increase of 9.92%.

It easily entered the overall state of sideways shock, digesting yesterday's different funds.

The Shanghai Composite Index, which opened sharply higher by more than 1% and exceeded 2500 points in early trading, performed very poorly. Since the opening, the index has directly opened higher and lowered, without any rebound throughout the day.

At two o'clock in the afternoon, the Shanghai Composite Index had turned green and accelerated its dive. Oriental shares moved at the same time!
The market turned from divergence to consensus and began to accelerate its rise. The accelerated dive of the market promoted the return of short-term hot money to demon stocks to a certain extent.

In the end, the Shanghai Composite Index closed at 0.61 points with a 2482.09% drop, and the rebound since October 10 was almost swallowed up.

Oriental Shares reported at 10.43 yuan, setting a new high with a trading volume of 11.7 billion yuan and reaching the daily limit again.

Friday, December 12, the last trading day of 28.

Oriental shares were listed on two consecutive boards, with shares trading at 11.47 yuan, ending the full year of trading in 103.01 with a monthly increase of 58.64% and an annual increase of 2018%.

Investors who bought in 2016 and 2017 and have been holding them ever since did not expect that in the market environment of the big bear market in 2018, the stocks they held could actually recover their capital and achieve profits!

And this, for Dongfang Shares, is just the beginning!
　Two in one chapter
　　
　
(End of this chapter)