The Road to Rebirth Finance

Chapter 478 Honeymoon Period

"How many did you sell today?"

After the market closed, Gu Junhao asked as usual how much Dongfang shares were sold today. Today's trading volume was large, so he should be able to sell a lot.

Yes, not only China-Singapore Communications' announcement of reduction of holdings, but also the sell-off of Oriental shares today is largely inseparable from the funds of the Junshi family.

"Almost 4 million shares were sold today, and there are less than 800 million shares left. They should all be sold out tomorrow and the day after tomorrow."

"Okay, very good. Let's look for opportunities to add the funds sold out to liquor stocks."

Different from the performance after the Spring Festival in previous years, after the Spring Festival this year, the Shanghai and Shenzhen stock markets have rebounded sharply with the implementation of various favorable policies.

In January, new RMB loans and social financing increased to a record high, and the capital market was planning to reduce taxes and fees. The Shanghai Composite Index exceeded 2900 points, and the GEM Index exceeded 1500 points.

In terms of the international situation, the tariff negotiations between the two sides are also progressing well, and rice stocks have also shaken off last year's ups and downs.

All of this happened after the Spring Festival. In fact, all of this is nothing more than preparations for the official launch of the Science and Technology Innovation Board.

Looking at the essence through the phenomenon, it is impossible for the Science and Technology Innovation Board to be issued and listed below 3000 points. Once this point is clear, there is no need to worry about market fluctuations.

However, the holding reduction was just announced last night, and today there has been a sharp outflow adjustment in the 5G sector, which somewhat gives Gu Junhao a headache.

In A-share trading, the cause of market fluctuations is always attributed to a certain person or a certain type of fund. This time it was Gu Junhao's turn.

However, Junshi Capital has already prepared a series of response policies. Whenever it chooses to reduce its holdings in China-Singapore Communications, the current situation may occur. These have been previewed before.

The General Manager's Office issued an announcement stating that it continues to be optimistic about the domestic stock market, and the reason for choosing to reduce its holdings is simply to be responsible for investors, to take profits, and to meet its own capital needs.

After all, in the final analysis, Junshi Capital is an investment company, and it is understandable to choose to take profits at a high level as long as it does not violate any legal rules.

Next, the investment department will select several entity companies for Gu Junhao to choose from, and then make a certain proportion of investment.

The combination of finance and entities is the line that Junshi Capital has been adhering to in recent years. Over the past few years, Junshi Capital has dispersed nearly 10 billion in funds through online private placement and offline investment.

The nearly 10 billion funds include Xushen, which has increased its holdings in Tuopu and Xushen, as well as some new investments in other entities.

In terms of total number, it has exceeded 20. The current investment scope has expanded to the whole of Yongcheng and other surrounding cities in Zhejiang Province, and the shareholding is no longer limited to 10%.

For example, if some companies in other urban areas are relatively promising, Gu Junhao will take more shares to facilitate control of the company.

Through the connection of capital, these 20 companies, if they have related businesses, will also take care of each other and reach a mutually beneficial alliance, which provides a certain guarantee for the company to deal with the following risks.

By reducing its holdings in China-Singapore Communications, part of Junshi Capital's profits will be used to invest in real companies. This approach will naturally not arouse resentment from the upper management.

As for the media's hype, let the public relations department of Junshi Department come forward to reduce the hot search, withdraw the article, and use any available means.

In the Internet age, it is really important for a company or a celebrity to have a professional public relations team. It is very likely that a very common thing, if the public relations is not timely, will destroy all reputation.

On February 2, Junshi Price Investment continued to reduce its position in Oriental shares. Oriental shares, which plunged sharply yesterday, did not usher in the so-called first negative news for bull stocks.

Today, Dongfang's stock price fell by 6.82%, and the stock price opened at 28.71 yuan; the high level was huge and the stock price jumped sharply downward on the second day. There is no need to say more about today's trend.

The abnormal trend after the stock price reached 10 times seems to indicate that the trend of shareholders' shares during the New Year's Eve has come to an end.

The investors who made a profit yesterday are extremely depressed today. They have lost 30 points in two trading days. It is really hard to bear to cut the flesh.

But if you don't cut, the trend is over, and you don't know what kind of decline is waiting for you next.

Even the investors who went in to grab the rebound at the end of yesterday were very depressed and lost 7 points overnight; however, these people cut the profits very easily.

If the call auction performs poorly, you can directly click the button to cut the meat and look for the next one. The short-term high-level game is so exciting. It is common for profits to retract sharply within a day.

During the day's trading, Dongfang's shares opened lower and moved lower, with trading volume remaining high. The stock price rebounded to a maximum of 30.07 yuan throughout the day, and hit the lower limit at the bottom.

In the end, with a daily trading volume of 52.4 billion yuan and a turnover rate of 19.12%, Oriental Shares maintained its stock price at a cross negative line, reporting at 28.53 yuan, a daily drop of 6.98%.

Junshi Price Investment sold 2.3 million yuan today, officially liquidating all the Oriental shares in its hands; after three rounds of sales after the Spring Festival, a total of 13.3 billion yuan was withdrawn from a single Oriental share.

4750 million shares, with an average transaction price of around 28 yuan, and an investment of less than 3 million yuan, with a total profit of more than 10 billion yuan.

It has to be said that demon stocks are really profitable. Even if they have been buying in the early stage and starting to sell in advance in the later stage, the overall income is more than 3.5 times.

China News Communications continued to fall by 1.51% today, with its stock price at 29.45 yuan. The adjustment of 5G for two consecutive trading days has also caused a certain decrease in the popularity of the sector.

However, it will be impossible for the hot theme sector to end so quickly. The 5G sector can be said to be a major line of hype before Juchang was destroyed.

Without Eastern shares, Western shares will take over. Anyway, the leaders will take turns and will come to my house tomorrow.

At 03:30 in the afternoon, the newly appointed village chief made his first public appearance and held a press conference on establishing a science and technology innovation board and piloting a registration system to promote the stable and healthy development of the capital market.

The holding of the press conference also means that the consultation period for the Science and Technology Innovation Board has officially ended. The specific rules should have been prepared, and the next step is the announcement period of the detailed rules.

After his speech on the Science and Technology Innovation Board, the new village chief concluded: “All parties in the market must work together to make the Science and Technology Innovation Board a success.”

Well, everyone understands this. By the time the Science and Technology Innovation Board is officially listed, there should be no major systemic risks in the market.

At the press conference, he also talked about the changes in the market this year and his feelings after taking office for a month; as of today, it happens to be the 31st day since he took office.

During the 31 days, the Shanghai and Shenzhen stock markets each rose by more than 300 points. A large part of public funds that almost all suffered losses in 2018 have returned to their previous net worth levels.

Generally speaking, this month, the market has been very favorable to the new village chief. Just like the previous one, stock investors still have expectations for the new village chief's appointment.

On Thursday, February 2, the last trading day in February, the Shanghai and Shenzhen stock markets fell slightly. The Shanghai Composite Index closed at 28 points for the whole month, rising 2940.95% at the end of the month.

The GEM Index rose 25.06% monthly, with the stock index closing at 1535.68 points.

February, which lasted only 15 trading days, was full of money-making markets. After the A-share market experienced the historic bear market last year, the money-making market after the Spring Festival was explosive.

The most intuitive manifestation is that on top of the net value of Jun's real-price investment fund, the net value of Jun's real-price investment soared from 2.9116 last month to 3.5734 this month!

In 15 trading days, the increase was as high as 22.73%, and the overall size of the fund also rose to more than 350 billion yuan. This was the fastest growth in the size of the fund since the establishment of Junshi No. [-] in one month.

“There is nothing too early or too late in life, everything is just right.” When Junshi Capital announced the reduction of its holdings in China-Singapore Communications, causing significant turmoil in the 5G sector and being riddled with rumors; the new village chief’s appointment conference and the Junshi Group This month's solid performance has attracted a lot of firepower.

In the early morning of March 3, the new village chief’s speech on taking office had not yet been digested by the market, and A-shares attracted another major benefit.

MSCI will expand the inclusion factor of A-shares in the MSCI Global Fund Quasi-Index in three steps, eventually reaching 20%.

The entire A-share market value exceeds 30 trillion in the MSCI sector, accounting for 60% of the total market value of the Shanghai and Shenzhen stock markets. With this expansion, institutions predict that A-shares will attract more than 3000 billion yuan in incremental funds within the year.

In the next ten years, it is expected that there will be an inflow of approximately US$1000 billion to US$2000 billion in foreign capital every year, which is indeed a huge benefit for A-shares.

Since the market rescue in October last year, before the inclusion of MSCI factors, A-shares have been bathing in policy dividends.

The new policies of the China Securities Regulatory Commission, the gradually improving financial service system, and the gradually increasing awareness of preventing financial risks, coupled with the postponement of friction incidents, now have additional funds.

With a series of favorable blessings, the Shanghai and Shenzhen stock markets had a good start again on the first trading day of March, just like February.

The Shanghai Composite Index rose 1.80% to an integer level of 2994.

Over the weekend, the China Securities Regulatory Commission released a series of major institutional rules for the Science and Technology Innovation Board, and the Science and Technology Innovation Board finally unveiled its veil to the public for the first time.

Monday, May 3.

A series of positive blessings for the Shanghai and Shenzhen A-share markets both gapped upward, opening higher and moving higher. The Shanghai Composite Index closed at 3027.58 points, up 1.12%.

Six months later, the Shanghai Composite Index returned to 6 points while recovering from the downward jump on June 19.

Time is like a drop in the ocean. Nine months ago, no one expected that the Shanghai Composite Index would fall below 3000 points and even below 2500 points so easily.

Around the Spring Festival this year, I also did not expect that the index would return to 3000 points so easily, and it only took 16 trading days.

The leeks are almost at a loss to react. Although they are not bearish on the market before the Spring Festival, they are still vigilant towards the market.

However, in the blink of an eye, the index has returned to above 3000 points, and Maotai's stock price has risen from the lowest price of 509 yuan to today's price of 789.30 yuan.

Maotai Liquor Industry, which has increased by more than 50% in the range, has once again refreshed their highest price in history. Looking back, the deep pit in October 2018 has made many institutions regretful.

Among the top ten holding stocks announced in January, the liquor sector appeared again after 1 months, making major institutions and investors aware of Gu Junhao's another success in bargain hunting.

Now, Maotai's increase has exceeded 50%, which makes people even more jealous, why is Gu Junhao so accurate every time.

March is the time when Junshiji Investment announces its first-quarter financial report and the fund’s top ten positions. The market has begun to look forward to changes in Junshijie Investment’s first-quarter financial report.

Since three high-profile calls for bargain hunting in mid-September last year, the changes in positions held by Junshi Price Investment each quarter have unknowingly become one of the focuses of the market.

Invisibly, Junshi Price Investment has established a relatively authoritative reputation in the A-share market through its fund performance and several extraordinary performances by Gu Junhao himself.

At 3:15 pm on Friday, March 5, Junshi No. 1 announced its first quarter financial report and top ten holdings on time. There were no changes from what was announced in January.

Ningwang, China-Singapore Communications, Maotai, Wuliangye, Oriental Fortune, Mindray, Hengrui, Aier, Sunshine, and Longji.

The position direction is still mainly liquor + new energy + technology; but everyone knows that next, Sino-Singapore Communications will undoubtedly move out the top ten stocks that Jun invested at the actual price.

As of today, the 15 trading days stipulated in the shareholding reduction announcement have been met.

In other words, starting from next Monday, March 3, Junshi Department has met the premonition conditions for reduction of holdings.

On March 3, the stock price of Sino-Singapore Communications, which has been continuously adjusted this month, closed at 15 yuan. The stock price has fallen below all support positions of the 28.38-day line, 5-day line, and 10-day line at the daily level.

Perhaps, they also felt the pressure of Junshi to reduce their holdings. Even if the funds still left in the market had no intention of selling, they did not dare to pull them up.

The shares of another 5G demon shareholder, after a sharp adjustment in the last three trading days of February, unexpectedly stabilized its trend in early March.

After stabilizing on March 3, Dongfang shares once again broke out of the four-board trend, and the stock price soared directly to a record high of 1 yuan, making the market look at it with suspicion.

But unfortunately, this is just a return to the past. Oriental shares did not continue to go out of the momentum after the Spring Festival and went straight to the 50 yuan price expected by retail investors.

On March 3, Dongfang Shares opened at a price limit of 8 yuan without any warning. Afterwards, it rose to a record high of 36.44 yuan during the session, and the stock price plunged again.

In the end, Dongfang Shares, which returned to its lower limit price with an inverted T shape, officially ended its crazy trend.

The dragon and tiger list after the market showed that hot money began to be shipped on a large scale. The main fund that smashed the market today was Brother Zhao, who oversold by more than 1.8 million yuan in a single day.

The one who took over the deal was the Tibetan Mastiff team, which bought more than 1.5 million yuan in a single day.

On March 3, Dongfang shares, which closed at a lower limit again, showed that the Tibetan Mastiff team collectively cut meat, ranking one spot on the dragon and tiger sales list, with a total of 11 million yuan sold.

Buying one is replaced by a hot money seat with the title of "Pork Wing". In Pork Wing, which focuses on taking over orders, once a certain stock is involved at a high level, it also means that the market of this stock is completely over.

As of March 3, Oriental shares closed at 15 yuan, with the stock price falling 30.07% within a week.

Since then, Oriental Shares has begun its long downward path, with the price of 41.88 yuan becoming the highest point in its history that is insurmountable.

On March 3, affected by the sharp rise in the Shanghai and Shenzhen stock markets, the 18G sector had been adjusted for a month and rebounded today. The leading Eastern shares unexpectedly fell back and hit the daily limit again.

This trend is really like the upward trend from time to time after the magic car peaked in the past, in order to attract the attention of retail investors.

Not every channel of capital shipment will be like the Wencheng Gang who recklessly smashed the limit, flexed their muscles, and shipped while pulling up. This is the normal situation for A-shares to fall from high levels.

China-Singapore Communications has shrunk by 2.85% today, with its stock price at 29.19 yuan. Junshi, which has lifted the sales ban since today, has begun to reduce its holdings of China-Singapore Communications.

It was still the public funds that sold first. Today, Jun sold 3.5 lots at actual prices. The average transaction price was over 28.5 yuan, and the selling capital was nearly 1 million yuan.

Selling in the secondary market is not the main channel of the Junshi Group, but bulk transactions. In this way, the impact on stock price fluctuations will be smaller.

Although large-scale transactions are generally based on the following discounts, Junshi will lose a lot of profits, but this is a last resort.

"First reduce the shareholding to 4.99%, then the subsequent sales will be much simpler."

　I found a delivery order that someone I knew, Leek, originally took over, and I sent the easter egg to see if I could send it out.

　　
　
(End of this chapter)