Chapter Eighty-Seven: Building a Position
Yu Ming spent the next week studying individual stocks, and finally selected 8 small and medium-cap stocks and 4 large-cap stocks from the aspects of individual stocks' decline, activity, size and performance, these 12 stocks are Yanzhong Industrial, Lianhua Synthetic Fiber, Century Xingyuan, Tianchen Shares, Luzhou Laojiao, Yuyuan Mall, Phoenix Chemical, Highly Shares, Shenzhen Development, Sichuan Changhong and Shenzhen Vanke A, and Shenzhen Baoan. [Ran^Text^Library] []
Yu Ming is more optimistic about the over-falling Yuyuan Mall and Highly shares, the re-listed Century Xingyuan (formerly Shenyuanye) after asset restructuring, and Luzhou Laojiao, which has good performance.
Yu Ming decided to open 8 small and medium-cap stocks and two large-cap stocks of Shenzhen Development and Sichuan Changhong at the same time because he had to operate two accounts, and if he had the opportunity, he would try to open as many positions as possible in the four stocks that he was optimistic about.
In order to diversify the investment risk, it was decided that Wei Xuxia, Li Ruozhu and Zhou Jilan would open positions in different stocks, and each person would open 4 small and medium-cap stocks and 2 large-cap stocks, which could facilitate the operation of opening and exiting positions.
The stocks allocated to the three people to open positions are:
Wei Xuxia built a warehouse in Yuyuan Mall, Highly shares, Century Xingyuan, Tianchen shares, Sichuan Changhong and Shenzhen Vanke A;
Li Ruozhu built a warehouse in Yuyuan Mall, Highly Co., Ltd., Phoenix Chemical, Lianhua Synthetic Fiber, Shenzhen Development and Shenzhen Baoan;
Zhou Jilan built a warehouse Century Xingyuan, Luzhou Laojiao, Yanzhong Industrial, Tianchen Co., Ltd., Shenzhen Vanke A and Shenzhen Baoan.
In early July, after a sustained decline, the Kyoto Index had fallen below 450 points by the time the market closed on July 15, and the Kyoto Index had fallen by more than 80%.
Yu Ming felt that it had reached the end of the bear market, and because of the large amount of funds, it was impossible to wait until the lowest point to open a position, so Yu Ming thought that he could open a position on the dip.
Yu Ming immediately transferred the funds to the stock fund accounts of Wei Xuxia, Li Ruozhu and Zhou Jilan, each account of 80.1 million yuan, of which 100,000 yuan was used as the account usage fee and the trading fee this time.
Yu Ming also transferred 50 million yuan to his uncle Yu Guangxing's stock fund account, and there was still 93.2 million yuan left in his stock fund account.
Yu Ming then sent a text message to inform Wei Xuxia, Li Ruozhu and Zhou Jilan of the stocks they need to open a position in, asking them to complete the position building operation in the short term as much as possible, which stock is easy to buy, and can open more positions, but the amount of a single stock cannot exceed the 5% limit of the outstanding shares, and then called everyone to put forward the trading requirements.
Yu Ming asked that from next Monday, regardless of the rise and fall of the stock market, they must continue to build a position in stocks, and reminded the three of them that they are now building a position in a bear market, and they will lose money after opening a position in the stock, so that the three of them do not worry, and they can rest assured that they will open a position.
The deadline given by Yu Ming is that the position opening operation must be completed at the end of July.
Considering that this bull market will not be a long bull, Yu clearly set a profit target of about 2 times the profit, and the specific clearance time will be completed in the pulling stage after reaching the profit target.
On July 18, the State Council of China issued the "Decision on Deepening the Reform of the Urban Housing System", Yu Ming wanted to immediately start the establishment of a real estate company, but thinking that the government's efficiency has always been not high, and it will take a long time for the relevant departments to digest this document, Yu Ming decided to postpone this matter, or first do a good job in the stock position operation, and then assist Xue Jun to do a good job in the housing reform of Mingjun Ruohua Music Co., Ltd.
On this day, the Kyoto Index fell 3.75% to close at 430.08 points, indicating that the closing of the four stocks in which the position was opened was:
Yuyuan Mall, opened at 7.56 yuan and closed at 7.61 yuan, down 2.18%, with a volume of 1,272 lots;
Highly shares, opened at 5.63 yuan and closed at 5.50 yuan, down 5.82%, with a trading volume of 252 lots;
Century Xingyuan, which opened at 2.60 yuan and closed at 2.37 yuan, down 9.19%, with a trading volume of 2,338 lots;
Luzhou Laojiao, opened at 6.50 yuan and closed at 6.42 yuan, down 2.13%, with a volume of 1,425 lots.
Yanzhong Industrial opened at 6.00 yuan and closed at 5.78 yuan, down 5.24%, with a volume of 3,220 lots.
Lianhua Synthetic Fiber opened at 6.43 yuan and closed at 6.08 yuan, down 6.17%, with a volume of 481 lots.
Tianchen shares opened at 6.70 yuan and closed at 6.50 yuan, down 5.79%, with a trading volume of 600 lots.
Phoenix Chemical opened at 3.58 yuan and closed at 3.38 yuan, down 2.13%, with a volume of 1,179 lots.
Shenzhen Development opened at 8.50 yuan and closed at 8.28 yuan, down 4.05%, with a volume of 8,529 lots.
Sichuan Changhong opened at 8.35 yuan and closed at 8.10 yuan, down 3.91%, with a volume of 4,395 lots.
Yu Ming used his uncle Yu Guangxing's stock account to build 500 hands in Yuyuan Mall, 80 hands in Highly shares, 800 hands in Century Xingyuan, 400 hands in Luzhou Laojiao, 800 hands in Yanzhong Industry, 100 hands in Lianhua Synthetic Fiber, 150 hands in Tianchen shares, 400 hands in Phoenix Chemical, 2,000 hands in Shenzhen Development, and 1,200 hands in Sichuan Changhong, with a total cost of 5.1571 million yuan.
On July 22, there began to be bottom-buying funds to enter, and the trading volume began to expand, and after the Kyoto index rose for two consecutive days on the 25th and 26th, Yu Ming completed the opening of 50 million yuan of funds in his uncle Yu Guangxing's account.
The stock positions on Uncle Yu Ming's stock account are 3,000 hands in Yuyuan Mall, 1,200 hands in Highly shares, 7,500 hands in Century Xingyuan, 7,800 hands in Luzhou Laojiao, 7,500 hands in Yanzhong Industry, 1,300 hands in Lianhua Synthetic Fiber, 1,700 hands in Tianchen shares, 10,000 hands in Phoenix Chemical, 16,000 hands in Shenzhen Development, and 22,482 hands in Sichuan Changhong, costing a total of 50 million yuan.
On July 27, after completing the stock position on the day, Yu Ming purchased 600 long contracts, plus the reserved margin, Yu Ming could only use 63.2 million yuan to open a position in the stock.
Due to the obvious intervention of bottom-buying funds at the end of July, the trading volume of the stock market has been enlarged a lot, and Yu Ming successfully completed the opening of his stock account on July 29, building 3,000 hands in Yuyuan Mall, 1,500 hands in Highly shares, 5,500 hands in Century Xingyuan, 11,000 hands in Luzhou Laojiao, 5,000 hands in Yanzhong Industry, 5,000 hands in Lianhua Synthetic Fiber, 3,000 hands in Tianchen shares, 4,000 hands in Phoenix Chemical, 30,000 hands in Shenzhen Development, and 25,973 hands in Sichuan Changhong. A total of 63.2 million yuan was spent.
Wei Xuxia, Li Ruozhu and Zhou Jilan also completed the stock position building before July 29.
Yu Ming checked the three people's position building situation on the computer, and the cost of building a position is not much different, relatively speaking, Wei Xuxia's position building cost is the lowest, and Li Ruozhu's position building cost is the highest.
The focus of several people's positions is different, Yu Ming made a record of several people's positions, because this time to help Yu Ming operate a little more stocks, in order to no longer take advantage of Yu Ming, Wei Xuxia, Li Ruozhu and Zhou Jilan respectively sent text messages to inform Yu Ming of their respective rat warehouses in advance, and the funds of the three of them all bought quantum hedge funds in the early stage, and the funds invested in the rat warehouse this time are not much.
Wei Xuxia invested 300,000 yuan to build a warehouse in Yuyuan Mall, Li Ruozhu invested 180,000 yuan to build a warehouse in Yuyuan Mall, and Zhou Jilan invested 200,000 yuan to build a warehouse in Century Xingyuan.
All three told Yu Ming that they just chose the first stock in Yu Ming's text message to open a position, and in their opinion, Yu Ming's first stock should be a better stock, and the final result made them bet right.
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