March 20 Operation

This morning I sold off 000815 Meiliyun (entered last Friday at the bottom half position), with a minimum unrealized loss of 7%. I exited when it quickly fell below the intraday moving average line after a sharp rise and fall in the morning, just 2 points above water. I didn’t expect the computing power sector to be so weak today. Yesterday, someone on Tieba said Aoruite was competing with Meiliyun for the leading position, and an expert mentioned that today Meiliyun might experience a turnover divergence. At the open today, Aoruite gapped down and sold off, and several stocks in the computing power sector even hit the limit down. [Taogu Ba]

Yesterday, I bought Yabo Co., Ltd. (002323) at the bottom. It surged up 3 points in the morning but then dropped sharply. It turned red again in the afternoon but then jumped back up, only to fall again. I missed the chance to sell twice, which is a bit regrettable. However, the position still feels comfortable, and I don’t think it’s time to panic and sell out. I plan to hold for another day or two and see what happens. I’m worried whether next week’s market will be as bad as today, but I hope there will be some positive expectations for the photovoltaic sector, even though this stock isn’t a pure-play photovoltaic stock.

This morning I watched Guosheng Technology. It rebounded from the 10-day moving average, but it had already surged significantly earlier, and there’s no sector effect now. It’s just climbing and hitting the daily limit. In the afternoon, I saw Xiexin Energy Science and Technology turn red from underwater, but I didn’t chase it. It indeed pulled back at the close, probably dragged down by the overall market.

Earlier this week, I lost nearly 8% this month. Today, although I retreated 2%, I still ended up with a 5% profit. My trading this week was quite decent. Half of my position in Meiliyun lost 16%, half in Jinkai New Energy lost 10%, and half in Ningbo Construction lost less than 2% (fortunately, the sector was strong at the time, but I was too rushed with this stock and didn’t notice that the momentum wasn’t enough to trigger a second wave). The biggest loss was from Yabo Co., Ltd. (002323), which I bought at a low on Thursday, losing 6%.