Chapter 383: The Golden Game
"Moon, that's what I thought. According to my understanding, whenever the stock market goes in a big bull market, commodities tend to go in a big bear market. Because the funds in the financial market are limited, those hot money always like to go to the bull market, because it is easy to make more money there, and the bull market has reached a certain distance, which can be said to be out of hand, so there is a saying that 'people have more money and come quickly'. In this way, hot money will flow autonomously into the bull market, showing a kind of capital accumulation effect. For example, during the bear market in the stock market before 2005, real estate, the postal market, and bulk commodities were all bullish, and the funds were used to speculate in real estate, stamps, and commodities. In 2006 and 2007, when the stock market was in a bull market, domestic commodities were sluggish, and the popularity of stamps and real estate decreased accordingly. ”
Ding Xu smiled and said, "With the stock market in 2008, a lot of funds were withdrawn, and these funds were always to make money, coupled with the four trillion economic stimulus policy, which triggered a large monetary easing, which helped commodities stabilize and rebound, so these funds re-flowed into the commodity market, and commodities began to rebound." For example, since last year, gold has bottomed out and rebounded, and gold futures have continued to strengthen. However, because the stock market is still relatively weak, it has been tossing back and forth around 2000 points, so gold stocks have not risen much, far behind futures. But I don't think this contrast will last long, so I think it's a good opportunity to buy gold stocks! ”
"You're right, the opportunity is indeed more obvious", but it's really hard to say whether the stock market can get out of the small bull market you are talking about. And I'm used to doing futures, I'm not good at stocks. Those gold stocks are good. Which one is not good. I really don't understand. Purple Moon nodded and replied, "But I believe in your vision, you said that gold stocks can be done, and they should be able to do it." I remember that Shiyu Qinghong also recently said in the group that she bought gold stocks, you can talk to her and see what her thoughts are. When the time comes, you will discuss it, and I will do it with you. ”
"Poetry rain light rainbow?" Ding Xu was stunned. Then I recalled that this was a girl who had not been in the group for a long time, with a more hearty personality, and often made some remarks in the group, although some of the remarks were still relatively immature, but there was already a prototype of independent thinking.
The people in the group all call her Shishi.
"Shishi, did you buy gold stocks?" Ding Xu immediately chatted privately with Shiyu and lightly rainbow.
"Yes, some time ago, I thought that the price of gold could not fall, so I tried to buy the bottom of Zijin Mining. It's a game of gold. Shiyu replied with a grin, "But then the price of gold rebounded." But Zijin Mining refused to rise, and kept grinding and grinding, which made me depressed. Fortunately, most of my positions are still on Baozi and Zhongbing Optoelectronics, and I only bought one-fifth of Zijin Mining, so I still made some New Year's money this time. ”
"It's because you think the price of gold is going to rebound, so you bought Zijin Mining?" Ding Xu smiled and asked, "Is this a woman's intuition?" ”
"I'm faint, you underestimate me too much, I have enough technical basis." Shiyu Qinghong replied unconvinced, "Miracle, you look at the stock of Zijin Mining, which was listed on April 15, 2008, with an issue price of 7.13 yuan and a closing price of 13.92 yuan on the same day, with a turnover rate of 92.53%, indicating that the funds are very optimistic about it." However, it was born at the wrong time, it was listed in a big bear market, so it has been falling endlessly, but there was a continuous divergence between the daily and weekly charts, and then bottomed out. I think this fits the main point of your interpretation of the entanglement theory, so I bought it. ”
Ding Xu opened the stock trading software, looked at the trend of Zijin Mining, and found that this was really the case.
Since its listing on April 15, 2008, Zijin Mining has nearly doubled its price on the same day, and then it has fallen for two consecutive periods, and then it has fallen one by one. On August 19, 2008, it closed at a low of 4.74 yuan, on September 12, it closed at a low of 3.76 yuan, and on October 28, with the market bottoming out, it closed at a historical low of 2.97 yuan.
As for the divergence of Shiyu Qinghong, it is indeed obvious, such as the previous three lows of 4.74 yuan, 3.76 yuan and 2.97 yuan, the stock price is falling wave by wave, but the green column of MACD continues to shorten, and the intersection of the yellow and white lines is rising wave by wave, which forms a sharp contrast with the decline of stock prices, which is a typical MACD bottom divergence.
At the same time, until January 23, 2009, the last trading day before the Spring Festival, Zijin Mining only rose to 5.03 yuan, which is still nearly 30% lower than the issue price, and compared with the low of 2.97 yuan in 2008, the increase is only about 70%, less than double. In addition, from December 18, 2008 after seeing a high of 5.21 yuan, has been a strong sideways adjustment, the current MACD green column continues to shorten, the yellow and white line of the daily line is about to cross the water, it is indeed a better time to intervene.
"The indicator is really good, but your intervention point is a little early, and the first trading day after the Spring Festival is the real buying point, and it should be just the yellow and white line golden cross at that time." Ding Xu said with a smile after reading the indicators.
"yes, I got in early. However, in the past few days, the price of foreign gold has risen sharply, and it is not good that after the Spring Festival, it can be directly sealed and the price limit can be reached! Shiyu said with a smile.
"Damn, no, I haven't looked at the price of gold yet, I still want to get a little bit in." Ding Xu said with a smile.
"Come on, come and copy my bottom!" Shiyu Qinghong accidentally told the truth.
"Bottom-picking? The highest point in the past six months is only 5.21 yuan, and last week's close was 5.03 yuan. Ding Xu was a little speechless.
"That's right, I saw that the price of 5.21 yuan was very auspicious that day, so I bought it in that position, but I bought it at the highest point and was trapped for more than a month." Shiyu Qinghong said helplessly.
"How is 5.21 yuan an auspicious method?" Ding Xu was a little stupid.
Shiyu Qinghong made a shy smile and didn't say anything.
Ding Xu thought for a while, and then remembered that 520 means I love you, and 521 seems to be understandable in this way, is this a woman's sensibility?
Ding Xu shrugged helplessly and continued to study the trend of gold stocks.
Zijin Mining is indeed good, but Ding Xu is a little worried about the future lifting of the ban on stocks. According to the software, on April 25, 2009, a year after listing, Zijin Mining will have nearly 5.2 billion shares lifted, and the number of outstanding shares will increase to 6.3 billion.
The 5.2 billion unlocked shares are five times larger than the current 1 billion outstanding shares.
The main force may pull up a wave, pull it near the issue price, and let some shareholders who have lifted the ban ship, which is a strategy for lifting the ban. Ding Xu has also observed the stocks to be lifted in the past, and there is often this kind of sudden upward movement.
But the amount of this lifting of the ban is too big, Ding Xu is not sure what the main force will do, whether it is to pull up a wave before the ban is lifted, run away before the ban is lifted, or run away until after the ban is lifted, it depends on how the main force does, the relationship is very complicated, and there are some uncertain factors.
Therefore, Ding Xu felt uncertain, so he put his eyes on other gold stocks.
"Zijin Mining's plate is still a little bigger, and it's best to find a small-cap stock, so that it can be pulled up quickly." Ding Xu pondered in his heart.
After looking at it for a while, Ding Xu's eyes lit up and he found that the stock of CICC Gold seemed to have great potential to be tapped.
CICC Gold has risen from 5.62 yuan in 2005 to 159.60 yuan in 2007, an increase of 27 times, indicating that the main force is very strong. After that, it fell to 22.80 yuan in September 2008, bottoming out earlier than the broader market, but until the last trading day before the Spring Festival, it only rose to 36.35 yuan, an increase of less than 60%.
In terms of technical indicators, CICC Gold and Zijin Mining are very similar, but also in a continuous decline, the daily weekly line has a MACD bottom divergence, the current MACD yellow and white line is preparing for the water golden cross, the green column also continues to shorten, there is a sense of rebound is about to start.
Although the technical indicators are similar, the key point is that CICC Gold only has more than 100 million outstanding shares, and there are no unrestricted shares in the near future.
Small-cap stocks like this are likely to be transferred in the future, and it is easy to get out of the right-filling market after a sharp rise. And for a multi-billion plate like Zijin Mining, the possibility of high transfer is very small. (To be continued......) R1292