legendary trader

Chapter 327 328 Spread of news

Soon after the rice stocks opened, the Nasdaq opened slightly higher by 2 points and opened at 2042.60. After the opening, it began to fluctuate and attack upwards. Although the rising speed was not fast, it basically continued the trend of the previous trading day and rose slowly.

The Dow and the S&P also followed a similar trend, opening higher and continuing to rise, but like the Nasdaq, the rising speed was very slow, and they seemed a little hesitant about the rise.

"It seems that the market is indeed not affected by the news, and of course the news may not have spread yet." Zheng Xiaopang looked at the Nasdaq index slowly rising to 2050 points and then turned to Chen Fan and said.

It has been more than half an hour since the opening of the market. No matter how slow the Nasdaq rises, it will have stabilized at 2050 points. It seems that there is still upward momentum in the market, and there should be opportunities to continue to touch higher.

Chen Fan just smiled and said nothing. It's really hard to say anything at this time. He can't see through the short-term trend of the Nasdaq because he doesn't have that ability. However, according to the information he has now, he still thinks that he can receive around 2100 this month. It is now near the point of the December futures contract. Although the brightness can be seen by the ability, Chen Fan feels that there is a chance to touch around 12 points this month, but he never thought that the closing price will be so high.

"Group 1 sent a message, asking when to enter the market to absorb the goods." Zheng Xiaopang asked suddenly, "Yesterday we told them to suspend the accumulation, this is to confirm our order."

"Wait a little bit, I think there should be a low point in a few days." Chen Fan turned his head and said to Zheng Xiaopang, "If the rumor of the interest rate hike spreads, the market will have to show something."

"Yeah, there should be a reverberation, but if it rises in the past few days, the news will spread, and the low point of the correction may be higher than the current point." Zheng Xiaopang hesitated a little, "This kind of After grasping the timing of buying and selling, we will not intervene anymore, they are all veterans, and they should be able to have a basic judgment on the market trend."

"No, this time is a bit of an exception. You will ask the intelligence office to send the rumored information to the following traders. In addition, the funds given to them this time are for independent transactions. After they complete the opening of the position, I think that after the New Year, they will be able to trade independently and do short-term spreads. One, we can look at their trading level, and the other is to find something for them to do. Otherwise, we will just stare at the stocks they allocate every day. Trends don’t happen every day, it’s rare to see them once or twice a year, let them continue to conduct short-term trading, and the profit of this fund will be calculated separately for them, calculated according to their respective company’s standards.” Chen Fan said.

"After building a position? You mean they can only trade in the allocated stocks, and can't find targets outside the stock pool?" Zheng Xiaopang frowned a little. This request may cause opposition from traders, so he directly put their The trading range is limited, and this trading range is allocated by them at random. If you get a good stock, you may make a lot of money, and you will have a lot of performance share.
"No, no, if we let them trade on their own, we can't restrict their trading varieties." Zheng Xiaopang added hastily.

"The main purpose of letting them do short-term trading independently is to let them focus more on the allocated stocks. It's not good to be doing nothing now. When it comes to money, our company's traders have standards. If they are transferred here this time, then I am afraid that we will lose money, and they have a lot of money. I don’t know how Tianqin and Oak will distribute the money, and I don’t want to know. They should also have standards. They won’t take less money. Give them a chance now. To them, it’s like picking it up for nothing, so what’s the objection?” Chen Fan also said bluntly, “If you don’t want to do it, you can leave, and just follow the signed non-disclosure agreement.”

"Then you can implement this policy now. There is no need to wait until the position is completed to tell them." Zheng Xiaopang said, he still felt that Chen Fan's meaning was a bit inappropriate, and he suspected that it was restricting traders to trade independently.

"It's a little more difficult, it should be a trivial matter for them. It's like playing, even if I want to see their level." Chen Fan smiled and said to Zheng Xiaopang: "Actually, I'm saying something ugly. Yes, after they buy these stocks, even if they do nothing, they can make a fortune at the end of the market, believe it or not."

"Then you still give them money for nothing?" Zheng Xiaopang shook his head and said, not knowing what Chen Fan was thinking.

"They are all relatively good traders in the country. I want to observe their transactions and speculate on the transactions of other traders in the market. They are my weathervanes. Let's make it clear." Chen Fan laughed, and shot Pat Zheng Xiaopang on the shoulder.

"It's far-fetched, although it makes sense, but traders' market-reading skills and operating habits are different. You want to use them as a sample to speculate on the thoughts of other traders and judge the direction of the market. In fact, I don't think it is very useful." Zheng Xiaopang still shook his head, not optimistic about what Chen Fan did.

"It's just for fun, don't think too much." Chen Fan just smiled and turned to look at the computer screen.

Soon after the Nasdaq rose to 2060.98 points, it turned around and the market began to fall slowly. It seemed that after a rapid rise of nearly [-] points, the market needed to adjust, and the market adjustment was imminent.

"There shouldn't be much to see today, maybe it will be adjusted, I'm going back to sleep, you still don't want to see it." Chen Fan said to Zheng Xiaopang.

"Sleep, you don't even look at what I'm watching, you don't mean to go up, it looks like you're going to fall." Zheng Xiaopang said and started to turn off the computer.
The Nasdaq started to adjust after reaching 2060 points on Tuesday. It closed at 2034 points that day.

On Wednesday, the Nasdaq touched a high of 2052.71 points and closed at 2050.41 points, an increase of 16 points. However, on Thursday, it went in a completely opposite trend. The Nasdaq index turned around after reaching 2058.37 points. Rumors of raising interest rates began to spread, and finally the Nasdaq closed at 2015.96 points, down 1.68%, down 34 points.

Chen Fan always went back to sleep when he saw around 11 o'clock. There was no trading volume in the market. Although the trend was a little ups and downs, but because of the lack of trading volume support, it was actually a trend of shocks and adjustments. Don't expect any beautiful trend in the early stage of the market start, Chen Fan is psychologically prepared.

But after waking up on Friday morning, Chen Fan received the latest analysis report from the Intelligence Office. There was also a separate document on the analysis report. Chen Fan picked it up curiously and looked at it. .”

During lunch, Zheng Xiaopang said to Chen Fan: "Did you see the news, the news started to spread."

"It's not a big problem. The market closed at 2016 points yesterday. Maybe tonight, or next Monday at the latest, the market should respond. At most, there will be a sharp drop. As long as it starts to fall, you can buy all the tens of millions. It's not a bad thing. .” Chen Fan said vaguely while chewing the food.

On Friday night, as the last trading day of the week, Chen Fan really wanted to see if the market had a sharp drop in response to the rumor, as they had guessed, but he was disappointed. It seemed that the spread of the news was not enough. The market Nasdaq index actually rose slightly. After opening slightly lower, it fluctuated higher, reaching a maximum of 2035 points, and finally closed at 2029.31 points, an increase of 13 points.

Even the Dow Jones index and the S&P index fell slightly, but the decline was very limited, not like a decline caused by the news, but more like a normal reaction to market trends.

But because the news had already started to spread on Friday, after the ferment over the weekend, the market will inevitably have some shocks next week because of this rumor. If there is such a negative market and there is no reaction, that is not normal.

On Saturday morning, Chen Fan and Zheng Xiaopang took the car back to the imperial capital. The car drove all the way to Second Brother Wang's manor in the outskirts of the city. Regarding the market rumors and whether there is a bubble in the stock market, Second Brother Wang and others are still very cautious. , this time the capital is not too much, but it is definitely not much. The key investment target is the US stock market, which has been rising for several years, which is the core of the bubble theory. Although the Europa stock market has also risen in recent years, or followed The U.S. stock market has risen, but the increase is far from that of rice stocks, so if there is a bubble, the hardest hit area is also the U.S. stock market.

Chen Fan knew that today must be another discussion about this matter. Although Xu Jing had already expressed his attitude, he had no choice but to bow his head sometimes. On weekends, just spend a few days with those young masters and ladies in the imperial capital.

On Monday afternoon, Chen Fan and Zheng Xiaopang returned to the resort by car. The two of them didn't chat or fart. They just sat and rested quietly, but Chen Fan was thinking about his own thoughts.

The experience of these two days made Chen Fan start to recognize this circle a little bit. He thought that when he went to see the second brother Wang and his gang this time, he would definitely have to explain to them again, so as to dispel their concerns about the rice stock bubble theory. , but unexpectedly, during the lunch gathering, Second Brother Wang asked, "Will the market of rice stocks next year be affected?"

Chen Fan just nodded, "It doesn't matter, it should go up or go up."

After just two sentences, those people stopped asking about investment, and played golf with them in the afternoon, which was another two days of corruption.

At around 7 o'clock in the evening, Chen Fan called traders and people from the intelligence office to a small meeting. First, he asked about the latest market news and the situation after the rumors of interest rate hikes fermented. Opinion, on Friday night, traders already knew about the interest rate hike rumor and the social background of the relevant personnel. In this small meeting, Chen Fan also wanted to hear what these front-line traders had to say, and see if there was anything of his own. If you haven’t thought about it, you can correct some of your own ideas. So far, the research department has only sent a very simple judgment. The market has a short-term impact, and the medium- and long-term impact is not obvious yet. You need to observe the market changes this week to make a decision. Analysis and judgment.

However, similar to the views of the research department, the traders are actually divided into two factions, each with their own reasons. Some traders have similar views to Chen Fan. They think that there may be bubbles, but they have little impact on the development of the market. At least for now, emerging industries such as high-tech companies should not use traditional value analysis theories to calculate value.

The other school believes that there is nothing wrong with the value analysis method. The stock prices of many listed companies in high-tech companies are indeed suspected of being overvalued, especially some companies whose development prospects are not optimistic, but because companies in similar industries are developing well, so It is very risky to be used as a reference for such a company. According to this theory, the stock prices of most high-tech listed companies are actually overvalued, especially Netscape, which has just exchanged shares. It is not normal to be occupied by other companies, but the valuation is still scary.

Regarding their argument, Chen Fan and Zheng Xiaopang just sat there quietly without speaking, and kept making eye contact.

Chen Fan hadn't realized that Zheng Xiaopang's eyes were so expressive in the past. Sometimes his eyes were full of joy, and sometimes they were full of disappointment. It was like an actor-level change in his eyes.

After 8 o'clock, Chen Fan called the meeting to end, and asked them to rest for a while. The U.S. stock market will open soon, so let the market decide everything.

The U.S. stock market opened at 9:2013.43, but the trend after the opening surprised Chen Fan a bit. The Nasdaq opened 16 points lower at 2029.36, but then there was a shock. During the shock, the Nasdaq continued to surge upwards. Insufficient, the highest rose to [-] more than half an hour after the opening of the market, which was considered to have closed the downward gap, and then the market had no resistance, and began to retreat steadily.

Obviously, there are institutional funds in the market that have tried to offset market rumors about interest rate hikes by protecting the market, so they tried to force the Nasdaq to rise after the market opened, but failed. They just closed the gap and gave up resistance. The market keeps falling, looking for support below.

Soon, the Nasdaq fell below the 2000-point mark, and resistance began to appear around 1990 points, but the resistance was not strong. Soon the market went down again and fell below 1980 points. As the market fell, the resistance also became stronger. began to gradually strengthen.

Rumors are just rumors after all, and it is not that any central bank has officially announced interest rate hikes, so the bulls in the rice stock market do not seem to be discouraged. As the market fell, the bulls' counterattack gradually became tougher, and they fell below 1980 points Not long after, the bulls in the market organized a counterattack, forcing the Nasdaq back above 1980, and once stood at 1990. This is the first time that bulls have organized a counterattack today, and the Nasdaq rebounded .

However, Chen Fan is not optimistic about this, because he still hopes that the market will drop a little bit more, so that he can put the remaining 8 million yuan into the market.

Although the rice stocks are bullish, it does not mean that they cannot drop sharply today. After all, the market has spread, and the lethality of the stock market bubble theory is not covered.

(End of this chapter)