Chapter 297 Obtaining the Certificate (Two in One)

Author: Ru Meng Ru Hua

Chapter 297 Obtaining the Certificate (Two in One)

Since the beginning of this year, the growth stocks of small and medium-sized enterprises have continued to rise unilaterally, causing the GEM Index to rise rapidly in the process.

In the past ten trading days, the index has continuously set new historical highs.

Dongfang Wealth's growth rate is not the most eye-catching among a series of growth stocks.

However, after more than 10 days of rising prices, Dongfang Fortune, whose stock price has been booming, has officially become the No. 1 stock on the GEM in terms of market capitalization, reaching as much as 54 billion yuan, with a dynamic price-to-earnings ratio of 589 times.

According to public information, as of now, Dongfang Wealth has more than 60 institutions, large and small, holding the stock, with a cumulative position of more than 136 million shares. The phenomenon of institutional clustering is very obvious.

A heavy-volume plunge caused Dongfang Wealth to shift from the previous "overweight" and "buy" evaluations given by brokers to a bearish trend.

Naturally, Dongfang's wealth trend after being shorted by the market was not much better.

Some market analysts believe that Dongfang Wealth's plunge is not only caused by external factors in the market, but its alarmingly high valuation has made some investors doubt the rationality of the market.

In addition, some brokerage industry analysts who did not want to be named said in an interview with the media: "Dongfang Fortune involves the current hot market concept, and it is not unusual to speculate in the A-share market, but his own business characteristics and hot speculation

Internet concepts are highly sensitive to the market. Once the market trend weakens, fluctuations are inevitable.

From the perspective of current valuation, it is too exaggerated. From the perspective of investors, it is still recommended to reduce positions to avoid risks."

In addition, industry insiders close to the regulatory level revealed that the regulatory authorities will not allow the mad cow market to continue, which is not conducive to the supervision and control of the capital market.

The performance of Dongfang Fortune is not enough to support the continuation of its hot market, and it is difficult for such large incremental funds to enter the stock market again.

A heavy volume plummets, and all kinds of monsters appear.

However, all this is a joke to Gu Junhao.

The current total market value of Dongfang Fortune is just over 50 billion yuan, which is simply a newborn child compared to the market value of around 250 billion in later generations.

"These pens call long when the price goes up, and go short when the price goes down. The stock price trend is not bad. Are they trying to trick people out of the market?"

Gu Junhao looked at this type of analysis in the office and couldn't help but laugh and curse.

There were some reliable analyzes at the beginning of last year. After the stock market rose sharply, all kinds of strange people appeared, and more and more of them were unreliable.

Similarly, bearish remarks about Tonghuashun, another leading stock in the Internet financial sector, also appear from time to time.

These two stocks, together with Yinzhijie, are currently considered to be one of the most popular stocks on the GEM.

Entering the last week of trading in January, the performance of the two markets was indeed very weak, without the previous ups and downs.

Since the GEM hit a high of 1,700 points last week, it has also experienced a 3% drop, with the stock index adjusting back below 1,700 points.

Tong Huashun, Yin Zhijie and Dongfang Fortune, which peaked in the short term, did not perform as expected. They continued to adjust downward along the five-day line, and small and medium-sized stocks entered an overall adjustment period.

The performance of the market during this period was not particularly good. After refreshing 3,400 points last Friday, it began its second round of downward adjustments.

For Dongfang Wealth, there are so many institutions gathered together, and not all institutions will do T within a day. Most of them are long-term holdings. For example, Gu Junhaoqi has 20,000 shares locked up.

It is true that for a period of more than 50% of the daily limit, the market value is already the number one stock on the GEM. Some institutions will choose to stop profits, but this will not affect its overall trend.

These bearish calls are mostly for small and medium-sized institutions like Gu Junhao and ordinary retail investors.

There are certain principles for large institutional shareholdings, not to mention that the current trend of Dongfang Fortune is extremely close to the trend of securities companies.

Before 2015, more of Dongfang Fortune's business came from the Internet, such as fund sales.

After entering 2015, since the acquisition of Tongxin Securities, the fundamentals of Dongfang Fortune will undergo qualitative changes, and its operating style will be essentially different from Tonghuashun.

At present, Dongfang Fortune does not have a brokerage business. Although he is very familiar with Dongfang Fortune, Gu Junhao really can’t remember the specific day and time when Dongfang Fortune’s brokerage business was launched. He only remembers that he once had a long time

suspension of trading.

Thinking of this, Gu Junhao rolled his eyes slightly: "Aren't you short-selling, then I will increase my holdings, hehe."

Immediately, Gu Junhao, who had something in mind, picked up the phone on the table and dialed the internal hotline of the fund business department.

The person who answered the phone was Xu Jianqing: "This week, you increased the Dongfang Wealth position of Junshi No. 2 to 60,000 lots, and Junshi No. 1 to 40,000 lots."

Based on the current capacity of the two funds, the market value of Dongfang Fortune, which has increased its position to 100,000 lots, is currently about 400 million yuan, which is relatively high, accounting for about 3.50% of the overall size.

Last week, Junshi No. 1 and Junshi No. 2 both had retracements to varying degrees. Due to the limited positions held by Junshi No. 2, coupled with the rebound of securities stocks that added positions and several other weights, the net value retracement was not large.

Barely staying above 1 billion.

Dongfang Wealth's total positions were increased to 100,000 lots. This was Gu Junhao's response to the media and analysts.

Of course, this is related to his familiarity with the trend of Dongfang's wealth, so this increase in position is not brainless.

From the perspective of ordinary investors, the current Dongfang wealth is indeed very overvalued.

Except for some people who are paid to do things, most investors and even analysts do not have a God's perspective, and all they can see is the present.

Some pundits may have thought his remarks were ridiculous at the time; but looking over a longer period of time, it turns out that he was actually speaking based on changes in the environment.

For example, a very well-known person named Li on the Internet has been bullish on blue-chip stocks after the stock market crash.

And if we extend the timeline to a few years after the stock market crash, his bullish sentiment is not unreasonable.

At least if you listen to him and don't buy stocks in the black five categories, you can reduce a lot of losses during the stock market crash.

As an investor, you must have a pair of eyes that are good at analyzing information when it comes to news.

However, in general, when buying and selling stocks, you must first have your own standards and expectations, and be consistent with your own thinking, instead of listening to the interference of some outsiders' words and achieving self-centered investment.

January has entered the last week of trading. Since entering this week, the Shanghai Composite Index has continued to shrink. The stock index rebounded on Monday after shrinking and did not break through the high point of last Friday. The trend of the high cross in January failed to break.

.

Entering this Tuesday, the heavyweight sectors such as brokerages, insurance and banks plunged again in the afternoon, and the collective body once again plunged wildly, causing the index to drop nearly 3% during the session, shocking investors into a cold sweat.

With the tightening of supervision and the approaching of the Spring Festival, in order to speed up the advancement of the registration system, the regulatory authorities have also publicly stated their attitude that they will create a moderate bull market this year.

The management hopes that future market trends will mainly remain small adjustments or increases, rather than large and rapid increases like at the end of last year.

A series of reasons have intensified the differences between funds on and off the market, which can be seen from the large intraday plunge and the rapid rebound after the plunge.

Although the idea is wonderful, for the financial market where capital is chasing profits, it is obviously not that simple to regulate it perfectly. Large financial capital often has too many factors that are beyond its control.

Gu Junhao knew that the registration system that regulators were eager to implement in 2015 actually had to be postponed until after 2020 before it was partially implemented.

The comprehensive registration system was not implemented until 2022, before his accident.

The overall market trend in January was among small and medium-sized growth stocks, and the market prices on the main board and the Shanghai Composite Index were jumping up and down throughout the month. The overall weighting of the stocks, except for the North and South Shenqi, was very average in terms of making money.

Thursday, January 29th; this day is Gu Junhao’s birthday in the Gregorian calendar. After today, he will be 24 years old.

This year, due to the leap month, Gu Junhao's birthday on the lunar calendar is later than his birthday on the solar calendar.

Gu Junhao was born on January 29, 1992. The lunar calendar is the twenty-fifth day of the twelfth lunar month in 1991, and today is the tenth day of the twelfth lunar month. There is still half a month left before his birthday on the lunar calendar, and there are still 20 days before the New Year’s Eve on the lunar calendar.

time.

On this day, Gu Junhao and Zhang Yiru came to the Beicang District Civil Affairs Bureau at the agreed time, and they were going to receive their certificates today.

After getting the marriage certificate, the two of them are officially husband and wife, and they will choose to take wedding photos on a warm spring day.

Everything was no different from ordinary young people, and it was quite interesting to choose to get the certificate today; originally, Gu Junhao wanted to get the certificate on Zhang Yiru's birthday, which was before the New Year's Day engagement.

Zhang Yiru's birthday was December 14, 1991, the ninth day of winter in the lunar calendar. Her date was the same as usual. Gu Junhao wanted to get the certificate on the ninth day of winter, which was December 30, but Zhang Yiru was not happy.

"In that case, I will miss one holiday and my life will lose the sense of ritual." These are Zhang Yiru's original words.

Gu Junhao had a wonderful idea. His birthday was his wedding anniversary, so the chance of him forgetting his wedding anniversary after many years would be smaller.

However, Gu Junhao obviously ignored that girls' emphasis on festivals is far less than that of men.

Since it can't be on the woman's birthday, the next best date to receive the certificate is January 13th, which falls within Gu Junhao's birthday, so there is little chance of forgetting it.

January 13th is the twenty-fifth day of the twelfth lunar month; however, the word 13 means swearing in Yongcheng dialect, so it is somewhat strange to receive the certificate on that day.

The current economic environment is still full of vitality, and young people are still looking forward to getting married, unlike later generations who resist due to economic pressure.

Although today is not a special day, as the end of the year approaches, there are still many people getting certificates.

It was not too late when the two arrived at the Civil Affairs Bureau, but there were already several couples queuing up, and everyone's face was filled with joy.

Although Gu Junhao is not tall, his appearance is not bad. Zhang Yiru has gained experience in the workplace and his temperament is more outstanding than before. The two of them are still more eye-catching among the people lining up.

Since Gu Junhao's photos have frequently appeared on the Internet recently, he is considered a slightly famous celebrity in Beicang.

The stock market has been booming recently, and Gu Junhao will occasionally be recognized when he goes out.

While queuing, someone came up to say hello and asked Gu Junhao after a while: "Hello, are you Brother T?"

Needless to say, the person who greeted Gu Junhao in this way must be a barmate of Taogu Bar, or even a fan of Gu Junhao.

Gu Junhao currently has a large number of fans in Taogu Bar.

Gu Junhao also smiled and replied: "Hello, I am."

"Wow, it's really Brother T. Brother T is also here to get the certificate today. Didn't you get married on New Year's Day?"

"That was the engagement party, and getting the certificate is today."

"Haha, I didn't expect that I could get the certificate on the same day as Brother T. Can we take a photo together?"
To be continued...