Chapter 42 Research and judgment of the market outlook
After the Spring Festival Gala ended, only Yu Ming, Sevillea and Dai Liana stayed in the capital.
Xue Jun, Feng Huali, and Xu Zhiruo had a small reunion with Yu Ming, Sevelia, and Dai Liana that night, and flew back to reunite with their parents early the next morning.
Because most of the company's personnel have to participate in the rehearsal and recording of the Spring Festival Gala, and Gong Yueji, the Minister of General Affairs, is also busy with his feet, Yu Ming took his uncle Yu Guangxing to Beijing in early December, acting as the company's doorman and helping the company take care of the office, so Yu Ming also reunited with his uncle in Beijing.
And Seville and Dai Liana originally came out to study abroad to experience and seek to break through the barrier of junior magicians, and they did not return to the Crescent Moon Country, and the two planned to go to Biyun Temple in Xiangshan to listen to Buddhism during the winter vacation, wanting to see if they could get enlightenment from it.
Yu Ming has important things to do during the winter vacation, because the shares of Yuyuan Mall have been huge, although they have not yet reached the price in their hearts, and it is not time to clear their positions, but it does not mean that Yu Ming does not have to do anything.
Yu Ming first looked at the stock market close in 1992 and then calculated the amount of profit from Yuyuan Mall.
Monday, 3 February 1992.
The Kyoto Index closed at 314.38 points, up 137.21% from the closing point of 132.53 points on February 14, 1992, the Chinese New Year's Eve last year;
Yuyuan Mall was 3,744 yuan, an increase of 543.30% compared with the closing price of 582 yuan on February 14, 1992, the Chinese New Year's Eve last year.
Yu Ming has invested a total of 1,063,000 yuan to build a total of 1,567 shares of Yuyuan Mall, with a closing price of 3,744 yuan on February 3, 1992, the current market value is 5866848 yuan, a profit of 4803848 yuan, and a yield of 451.91%.
Yu Ming's original profit target is to increase the stock price by 10-16 times, that is, the share price of Yuyuan Mall will start to reduce its position after reaching 5,951 yuan, and the price will be cleared after the price reaches 9,521 yuan.
The implementation of the original plan will also make huge profits, but Yu Ming faintly felt that he had overlooked something, and Yu Ming decided to study and judge the future of the Huaxia stock market and analyze what factors were ignored.
Entering 1992, the Chinese stock market from the opening of the market to now, has passed a year, on the stock surname "capital" or surname "society" question, the top leader of the Chinese Empire on January 19, 1992 to the Shenzhen Economic Development Zone inspection gave the answer: "Some people say that stocks are capitalist, we first tested it in Beijing, Shanghai, Shenzhen, the three cities, the results proved to be successful, it seems that capitalism has some things, the socialist system can also be used, even if it is wrong, it doesn't matter!" If you close it wrong, you will open it later, how can it be 100% right. ”
The remarks of the top leader are tantamount to affirming the existence of the stock market, giving the stock market a reassurance, and also means that more people will confidently step into the stock market in the future.
This is bullish news, and the market will continue to rise in the future.
On January 13, 1992, the shares of Industrial Real Estate Co., Ltd. were listed and traded on the Kyoto Stock Exchange, which was the first newly listed stock after several stocks originally planned to be listed on the Shenzhen Stock Exchange were merged into the Kyoto Stock Exchange at the same time in July last year, and it was also the only real estate stock listed and traded in the country.
This also marks the beginning of the expansion of the Kyoto Stock Exchange.
This is bad news, and the stock market is bound to fall under the pressure of expansion.
Yu Ming analyzes that these two pieces of news, bullish news will affect the stock market in the near future, and now only one stock has been issued, which is not enough to reverse the current upward momentum of the stock market.
In the stock market, newly issued stocks (new shares) tend to have more investment opportunities than stocks issued and listed earlier (old stocks), and in the current bull market, although old stocks will also rise, because they are facing the selling pressure of many profit-taking orders, the increase is often not as good as that of new stocks.
Yu Ming finally found what he had ignored before, just after building a position in Yuyuan Mall, he only considered the stock price expectation of Yuyuan Mall, which was one-sided, ignoring the investment opportunities of new stocks in the later stage of the stock market rise, and only focusing on the income of the stocks in his hand, which is short-sighted, what is the purpose of stock speculation? Isn't it just to maximize profits?
Yu Ming suddenly woke up to the fact that he should establish a yield target, not a stock's rising target, and Yu Ming immediately set his goal for this round of bull market to reach 1000%, that is, the share capital increased by 10 times, which means that it is not necessary to hold a heavy position in Yuyuan Mall until the end of the bull market, and it is possible to exchange shares halfway.
Yu Ming opened the Neptune stock operation software and analyzed the trading situation of the newly issued and listed Industrial Real Estate shares since they were listed.
The opening price of Industrial Real Estate was 8.64 yuan, the closing price was 8.64 yuan, the trading volume was 150 lots, and after 7 trading days after listing, the closing price was 8.82 yuan, an increase of 2.08%, and the Kyoto index rose 3.67% in the same period.
The performance of IB real estate is slightly weaker than the market, which is not surprising to Yu Ming, because at present, the housing reform in the mainland of China has not yet started, and the real estate reform pilot has only been carried out in Qiongnan Province, which has only been established for four years.
Yu Ming decided to pay close attention to the new listings after the Spring Festival.
……
On February 28, 1992, Shenzhen CSG was listed on the Kyoto Stock Exchange;
On Saturday, March 21, 1992, the Kyoto Stock Exchange decided to relax the limit on stock price increases to 5%.
This news made Yu Ming firm in the confidence of the share swap operation.
After relaxing the limit on the rise and fall, Yu Ming felt that his full warehouse of Yuyuan Mall was currently rising relatively large, and there was a certain selling pressure of profit-taking, and the upside in the market outlook was not as good as that of new stocks, so he decided to start a share swap operation.
Yu Ming first analyzed the trading volume of the two new stocks listed, since the listing of Shenzhen CSG, the daily trading volume is only one lot, which is not enough to complete the position swap operation, while the transaction volume of Industrial Real Estate is large, which is suitable for the position swap operation.
Yu Ming decided to start reducing his position in Yuyuan Mall shares next Monday, and gradually switch all his positions to Industrial Real Estate stocks.
Monday, 23 March 1992.
The Kyoto Index closed at 378.89 points, up 0.24% on the day;
The opening price of Yuyuan Mall was 4,372 yuan and the closing price was 4,372 yuan, up 0.99% on the day, with a trading volume of 628 shares;
The opening price of Industrial Real Estate was 8.82 yuan and the closing price was 8.82 yuan, up 0.00% on the day, with a trading volume of 2,830 lots.
On this day, Yu Ming sold 500 shares of 1,567 shares of Yuyuan Mall at a price of 4,372 yuan and bought 246154 shares of Industrial Real Estate.
Tuesday, 24 March 1992.
The Kyoto Index closed at 378.69 points, down 0.05% on the day;
The opening price of Yuyuan Mall was 4,416 yuan and the closing price was 4,416 yuan, up 0.99% on the day, with a trading volume of 570 shares;
Industrial Real Estate opened at 8.82 yuan and closed at 8.82 yuan, up 0.00% on the day, with a trading volume of 530 lots.
On this day, Yu Ming sold 367 shares of 1,067 shares of Yuyuan Mall at a price of 4,416 yuan and bought 183292 shares of Industrial Real Estate.
……