legendary trader

Chapter 151 The Final Battle

Chen Fan didn't have time to pay attention to Zheng Xiaopang who pretended to be weird, but concentrated on watching the market.

Although the main force of the market is indeed strong, Chen Fan still feels that the bears should still have huge energy, which is enough to put pressure on the market. Maybe 1500 points will be the final battle of the bulls and bears. Only when they successfully stand at 1500 points will the bears completely collapse.

So where is the main battlefield in the market?
Chen Fan has actually noticed the index futures market. From the time when the Nasdaq index was consolidating below 1450 points, Chen Fan noticed that the short sellers seemed to have few chips to suppress, and the market trading was more concentrated in the Nasdaq futures superior.

As a result, the long position in the Chaofan Investment trading account has accumulated more than 10 long orders, which is an unprecedented scale. However, the stock accumulation that Chen Fan wants has not made much progress. There are not enough sell orders, and the buy orders issued by trading robots are often The ten stocks selected by Chen Fan have now become the leading stocks in the Nasdaq market, and Chen Fan has even suspended the trading robot twice. Because the price has been raised, but not many chips are bought.

And the current short institutions are now ants on the hot pot, because there are not many bargaining chips left in their hands, and they have a huge amount of funds, but they have no bullets to suppress the stock market.

Even now it is very difficult to collect chips from the market, because there are very few transactions in the stock market, and it is impossible to replenish ammunition quickly.

The only way left is for a large number of short-sellers to apply for a huge amount of securities lending again from several major investment banks in the United States to ensure the results that they have finally obtained. After all, the view of the US stock market to be bearish has become popular in the market and society, and the time is right. We have harmony with people, and the only thing that is lacking is the location.

When a large number of securities lending applications are submitted to the major investment banks in the United States, these major investment banks are also a little bit difficult.

The government has repeatedly warned that it is not allowed to provide securities lending services to the market, otherwise the market may be crushed by short sellers.

One end is considerable profits, and the other end is the possibility of losing their jobs, and the possibility of being targeted by the government later on. Although all investment banks have very good government connections, they think they can settle future troubles, but they lose their jobs. I really dare not blindly agree to things.

The ambiguous attitude of the investment banks made the short-sellers start to panic, and it is not that no short-sellers have discovered the strangeness of the recent market. They also know that it is very difficult to obtain securities lending services at this stage, and the resistance is not only from the self-operated investment banks. departments, and more pressure from the upper echelons of the government.

Therefore, the short-sellers offered record-breaking interest rates for this securities lending service, hoping to reverse the current unfavorable situation in one fell swoop, get the bullets as quickly as possible, and take profits as soon as possible.

When the investment banks were hesitant to apply for a large number of securities lending, the call from the big boss behind them made these leaders breathe a sigh of relief. This year's profits will rise sharply in the future, and their own income will also rise.

The call from the investment bank quickly calmed down the panic of the short-sellers.

Almost all short-sellers accepted the investment bank’s request for a 2% increase in the already record-breaking bond lending interest, and the agreement was signed as quickly as possible, and the stocks specified in the agreement were quickly allocated around [-] p.m. .

Both investment banks and short-selling institutions know in their hearts that the final decisive battle between long and short will be decided 2 hours before the market closes.

When the needle pointed to 2 o'clock in the morning, Chen Fan, Zheng Xiaopang, and Zhang Yang were still chatting while watching the market, unaware that in the past two or three hours, a financial institution in the United States had already conducted a huge transaction. It is astonishing to the extent that everyone fears it.

Zhang Yang first realized that something was wrong, because he mainly focused on the stock market, and the 10 stocks invested by Chaofan Investment had already been pushed up very sharply. The market can barely suppress the stocks that run wild from time to time.

But now a large number of selling orders suddenly appeared on the market, and the stock price began to fall rapidly.

While Zhang Yang was still thinking about what happened, he found out that not only the stocks they invested in, but almost all technology stocks in the market were facing huge sell orders.

Zhang Yang couldn't sit still anymore, and shouted to Chen Fan: "God of stocks, the market is a bit wrong, the short sellers are starting to hit the market."

Chen Fan and Zheng Xiaopang were still chatting cheerfully. They were mainly concerned about the index futures. There haven't been a lot of empty orders in the index futures market yet, so they didn't notice the market's tendency to change at all.

Hearing Zhang Yang's shout, Chen Fan switched the computer screen to watch the stock market, and was also a little surprised.

In his judgment, it is estimated that the short sellers will not have many stocks in their hands. It is impossible to launch an air raid in the stock market. They can only affect the stock market through the suppression of the index futures market.

But now he was shocked by the scene in front of him. A large number of stocks were sold by short sellers, and a huge number of sell orders accumulated on the selling price were showing their muscles to everyone in the market.

Zheng Xiaopang who was beside him also saw this scene, and was also speechless in surprise.

It took Zheng Xiaopang a long time to say to Chen Fan: "Are the bears about to attack? Could this rally be a trap for the bulls?"

Chen Fan was also inexplicably shocked at this time. He didn't expect that the short sellers still had so many bargaining chips. Although he guessed that the short sellers would not admit defeat as quickly as last time, there should be repetitions, but his judgment was that the stock market There may be a serious deviation from the futures market, the stock market rises and the futures market falls, but now the market performance runs counter to his judgment, and the short sellers will actually exert force on the stock market.

Zhang Yang couldn't wait for Chen Fan's reply for a long time, and asked again: "What should I do? Do I need to increase the purchase amount?"

At this time, a large number of empty orders began to appear in the futures market, and both the stock market and the futures market began to fall rapidly. Chen Fan's thoughts were also affected and he became a little confused and at a loss.

But Chen Fan stabilized quickly, and Zou Mei thought for a while before saying to Zhang Yang: "Return to the previous payment amount, and other parameters remain unchanged."

At this time, Zheng Xiaopang gradually calmed down and asked Chen Fan: "Is it short and there are reinforcements, if not, let's withdraw first."

Chen Fan shook his head and said to Zheng Xiaopang: "I told you earlier that the short sellers may still be desperate to fight. This is probably the last blow. As long as you push it down, the short sellers will be finished."

"But what if we can't stand it?" Zheng Xiaopang still wanted to run away, "At least let's flatten our position and come out to wait and see."

Chen Fan whispered: "I don't know where the bears got their bullets from, but from more than 1 points to now close to 3, the bears don't have any advantage at all. I don't think the main players in the market were unprepared. Even I I have guessed that the short sellers will suddenly smash the market. Do you think there will be no surprise? I guess, the main force wants to kill the short sellers at once. I don’t know how to do it. But now these stocks are very strange, let’s just keep buying. , this time we must strive to fill up the position.”

1546.08 1560.25
(End of this chapter)