Chapter 54: V-shaped reversal

Tuesday, 24 November 1992.

After finishing the first section of probability theory and mathematical statistics in the morning, I received a call from Wei Xuxia, saying that the loan procedures had been completed, and asked Yu Ming to take the loan in the stock account and capital account in the past.

Yu Ming first asked He Yongjun, a lecturer in probability theory and mathematical statistics, for a class leave, and then asked the class teacher and counselor for a day off.

When Yu Ming got account B and returned to the dormitory in Bauhinia Building, it was already 9:20 minutes.

After 10 minutes, the stock market opened 4.35 points higher with a gap to open at 455.03 points, and after filling the gap in 5 minutes, it began to oscillate and rose to 481.06 points to close, up 6.74% for the day.

Yu Ming began to open a position of 39.21 million yuan of loan funds on account B, Yu Ming adheres to the usual method of building a position, and will not raise the stock price in order to build a position, and places an order at the price of selling one, and the number of orders to buy is 6 to 7 percent of the selling, if there is no large amount of money to place an order at the same time, the transaction is guaranteed.

Yu Ming in the morning together in Yuyuan Mall, Lianhua Synthetic Fiber, Highly shares, Tianchen shares on the cycle to buy, these are Yu Ming carefully selected four stocks, Phoenix Chemical, Shenzhen Development, Shenzhen Baoan these three stocks are only alternative stocks.

At half past 1 o'clock in the afternoon, there were still a lot of funds on account B, and Yu Ming began to buy the three stocks of Phoenix Chemical, Shenzhen Development and Shenzhen Baoan, because Phoenix Chemical and Yuyuan Mall were the first two stocks selected by Yu Ming, Yu Ming intended to place as many orders as possible to buy Phoenix Chemical, while Shenzhen Development and Shenzhen Baoan performed weakly, and Yu Ming bought less.

By 2:30 p.m., all orders for 39.21 million yuan had been placed.

Yu Ming drank a glass of water, went to the bathroom, and canceled the unfilled entrustment one by one, and after the cancellation, there was another 3 million yuan of funds on account B, which was only 15 minutes away from closing.

Because we can't wait until tomorrow to open a position, Yu Ming judged that if there is no accident tomorrow, the stock market will definitely rise sharply, so as to quickly get out of the bottom.

Among the 7 stocks that opened positions today, except for Shenzhen Development and Shenzhen Baoan, the market performance of the other 5 stocks is still good.

Although Yu Ming did not deliberately raise the stock price, he invested 39.21 million yuan in one day to build a position in the four stocks of Yuyuan Mall, Lianhua Synthetic Fiber, Highly and Tianchen Shares, which led to a sharp increase in the trading volume of these four stocks, about 4 times larger than usual, and the stock price was also pushed higher.

Yuyuan Mall opened at 112.8 yuan, closed at 125.5 yuan, reached a high of 129.2 yuan, and reached a low of 112.0 yuan, up 12.05%, with a trading volume of 1572 lots;

Lianhua Synthetic Fiber opened at 11.85 yuan, closed at 12.49 yuan, reached a high of 13 yuan, and reached a low of 11.81 yuan, up 6.21%, with a trading volume of 7,483 lots;

Highly shares opened at 6.90 yuan, closed at 7.86 yuan, reached a high of 8.0 yuan, and a low of 6.90 yuan, up 14.41%, with a trading volume of 30,567 lots;

Tianchen shares opened at 9.40 yuan, closed at 11.62 yuan, reached a high of 11.70 yuan, and a low of 9.40 yuan, up 24.01%, with a trading volume of 19,756 lots;

Phoenix Chemical opened at 9.69 yuan, closed at 10.50 yuan, reached a high of 10.60 yuan, and reached a low of 9.40 yuan, up 8.92%, with a trading volume of 1284 lots;

Shenzhen Development opened at 30.0 yuan, closed at 30.8 yuan, reached a high of 30.8 yuan, and reached a low of 29.8 yuan, up 2.32%, with a trading volume of 4,825 lots;

Shenzhen Baoan opened at 16.50 yuan, closed at 17.00 yuan, reached a high of 17 yuan, and a low of 16.25 yuan, up 8.92%, with a trading volume of 12,049 lots.

After the market closed, Yu Ming checked the transaction returns and all transactions had been completed.

Yuyuan Mall traded 1,000 lots, costing 11.8 million yuan;

Lianhua Synthetic Fiber traded 4,000 lots, costing 4.88 million yuan;

Highly traded 13,000 lots, costing 9.62 million yuan;

Tianchen shares traded 10,000 lots, costing 11 million yuan;

Phoenix Chemical traded 400 lots, costing 344,000 yuan;

Shenzhen Development traded 184 lots, costing 560,000 yuan;

Shenzhen Baoan traded 610 lots, costing 1.006 million yuan.

So far, it only took one day for the 39.21 million yuan in Yu Ming's account B to open a position in 7 stocks.

It was also Yu Ming's good luck that he had just completed the opening operation of the funds on account B, and the stock market was as Yu Ming judged the next day, and the stock market reversed in a V-shape, rising 23.02% and quickly getting out of the bottom area.

On November 25, the Kyoto Index closed at 591.8 points, up 23.02%.

Yuyuan Mall closed at 159.43 yuan, up 27.04%;

Lianhua synthetic fiber closed at 16.53 yuan, up 32.53%;

Highly shares closed at 12.13 yuan, up 53.55%;

Tianchen shares closed at 17.68 yuan, up 52.17%;

Phoenix Chemical closed at 14.8 yuan, up 42.30%;

Shenzhen Development closed at 32 yuan, up 3.89%;

Shenzhen Baoan closed at 17.8 yuan, up 4.70%;

Because today's increase is too big, tomorrow is expected, tomorrow should be adjusted.

The new shares of Highly and Tianchen performed the best, while Shenzhen Development and Shenzhen Baoan performed the worst.

Yu Ming was really disappointed in Shenzhen Development and Shenzhen Baoan, and Yu Ming decided to exchange Shenzhen Development and Shenzhen Baoan for other stocks tomorrow, or choose stocks with a larger adjustment range among the 5 stocks with good performance.

On November 26, the Kyoto index fell 1.71%, Lianhua synthetic fiber and Highly shares continued to rise, Shenzhen Development and Shenzhen Baoan made up slightly, Yuyuan Mall, Tianchen shares, Phoenix Chemical three adjusted stocks, Tianchen shares fell the most, down 14.28%, Yu Ming after 2 o'clock in the afternoon, Shenzhen Development and Shenbao Security Department was replaced by 922 hands of Tianchen shares.

So far, it is clear that there is one more stock on account B that is ready to hold a long-term position than account A, because the position of Phoenix Chemical is very small, and the varieties of shares on account B are almost the same.

According to the initial capital invested, the new shares of Tianchen shares have the heaviest position.

The number of shares held on account b and the cost are:

Tianchen shares 10,922 hands, cost 12.566 million yuan;

1,000 hands in Yuyuan Mall, with a cost of 11.8 million yuan;

13,000 hands of Highly shares, with a cost of 9.62 million yuan;

4,000 hands of Lianhua synthetic fiber, with a cost of 4.88 million yuan;

Phoenix Chemical 400 hands, cost 344,000 yuan.

The V-shaped reversal of the stock market is a sign of a lot of profits.

Yu Ming is too lazy to calculate the profit of account A and account B, anyway, he plans to hold shares for a long time and not sell, all profits are floating clouds, if he does not escape from the top in the bull market, and holds the position until the end of the second round of bear market, not only may the profit be gone, but also may be lost.

In the stock market, if you don't sell, you don't realize, everything is a floating cloud.