legendary trader

Chapter 435 436 Qualcomm's Pig Killer
Chen Fan didn't pay much attention to the follow-up market operation, and started his own work again, scanning the stocks in the portfolio, and at the same time not forgetting to pay attention to the current trading situation of the stocks that have been asked to increase their positions.

The sharply lower opening of the market today gave the following two trading groups a good opportunity to increase their positions. Taking advantage of the market downturn at the opening, they got a lot of chips. However, as the market continued to recover afterwards, the collectors The speed has also dropped a lot.

However, after reading the relevant data today, Chen Fan is still very satisfied. After all, he got a lot of cheap chips, and these stocks will have good returns in the short term.

After busying himself with the work in hand, Chen Fan felt that it was time for him to rest, there was no need to keep watching the market, as long as those traders were around.

Chen Fan and Zheng Xiaopang said hello and got up and walked back, but obviously Zheng Xiaopang was not interested in continuing to watch. Now that Qualcomm's stock price has approached the 10 yuan mark, if you continue to watch, you will continue to rise. It will rise until the market closes. Knowing the ending, there is no point in continuing to watch the tape. Following Chen Fan, Zheng Xiaopang also went back to the room to sleep.

After waking up the next day, even though he knew what He Li and the others were doing, Chen Fan hurriedly turned on the computer in his bedroom and checked the closing price of Qualcomm.

The ascending channel was perfectly maintained until the close, and there was no violent fluctuation during the period. The final high report closed at 10.05 yuan, an increase of 0.95 yuan, an increase of 10.44%.

And the Nasdaq index finally turned green in the last session of the transaction. The Nasdaq closed at 2 points, up 598.81 points. The increase is meaningless, and the value is too small.

However, in the face of a rumor in the market, the rice stocks were extremely embarrassed. Such a situation also made Chen Fan vigilant. It seems that it is very difficult for the main market forces to maintain the current upward trend.

Chen Fan doesn't know the specific reason, but it is obvious that the market is a bit difficult to control now.

For the next day, Chen Fan was thinking about this question, because from last year to now, it seems that the main players in the market are very easy to manipulate the market, and there is no pressure at all. Could it be that they are playing a trick, and the latter does have some disadvantages behind it. The news didn't come out.
Chen Fan's abnormality was quickly noticed by Zheng Xiaopang. After asking a few questions, Chen Fan didn't say anything, because he knew that the rice stock market would not go out of the market in the next month, but Zheng Xiaopang was still eagerly waiting for the rice stock market. The market started to explode, although Chen Fan had already poured cold water on it.

Seeing that Chen Fan didn't want to say anything, Zheng Xiaopang gave up the idea of ​​continuing to ask, and asked instead: "When will you start killing pigs?"

When Chen Fan heard what Zheng Xiaopang said, he didn't understand what it meant at first. Zheng Xiaopang asked again: "It's just smashing Qualcomm's stock price."

"That's not dishwashing, I didn't intend to ship, killing a pig, it's just washing dishes." Chen Fan said with a smile.

"Shouldn't we just go up all the way after the washing up?" Zheng Xiaopang continued to ask, "Qualcomm's stock price has risen very scary now, should we continue to go up? If no one follows up, it will all be thrown into your hands."

Chen Fan waved his hand and interrupted Zheng Xiaopang's words, "Although I don't understand what kind of high technology they are engaged in, after paying attention to rice stocks during this period of time, I found that in fact, the rice guys are also operating in the stock market, and there is no such thing as value investing, at least for now.”

Zheng Xiaopang stared at Chen Fan with wide eyes, with an expression of believing in you.

Chen Fan chuckled, "It's actually very simple, that theory is too complicated, we've learned it before, I don't know how much you remember now, I forgot all of it, because it feels like it has no practical value.

Let’s keep it simple. The so-called value investment actually has two things. Either you use the income method to calculate the value based on the company’s income. Now there is something simpler in the market, that is, the price-earnings ratio. You may think that the income method is too complicated. , After all, when it comes to mathematical models, you need to refer to the past to analyze the future.

Either it is the value of the assets of the enterprise, which is split and sold. This routine is similar to our Donghai warehouse.

Let's talk about the first one. The simple and popular understanding should be that the company's stock price should also increase accordingly. Although there will be deviations, it is indeed credible to observe it for a long time.

But there is a variable here, which is the company's position in the industry. If it remains unchanged, then nothing needs to be changed to calculate a reasonable stock price.

However, the times are advancing, and companies will retreat if they do not develop. Therefore, some companies continue to grow, while others go bankrupt and are merged. This variable directly affects the company's stock price.

What is the current situation of Migumi? This variable has been magnified infinitely. It may be because those people have used that set of calculation formulas for a long time and find it very troublesome. , Note that they are willing to gamble if they are likely to succeed in the future. This is the same as our current operation of Qualcomm. Our analysis believes that he has a chance to make a lot of money.

As for predicting the future, maybe the analysts of the research institute will do it, they will collect data and build mathematical models, but in actual operation, will the person who gave the order consider it? "

Speaking of which, Chen Fan pointed to himself, "I didn't think about it, because I know that those who participated in Qualcomm stock probably wouldn't think about it, and those who thought about it probably haven't finished buying yet, because I think that data analysis may be very needs time.

However, if the opportunity to enter the market is missed, there will be two situations. One is that we are right, those people have missed the excellent buying opportunity. How many times does this kind of situation happen, will they still analyze it?

Of course, the other result is of course that we were wrong. The future of Qualcomm is dark, and we have to find an opportunity to run away. "

"Your methods have something to do with value investing." Zheng Xiaopang frowned and thought for a while before saying.

"In fact, it has a relationship. The relationship is that no one will do research in that area. Everyone is foolish in the stock market. Because capital never sleeps, they are constantly looking for opportunities in the market and will not give time to investors who support and believe in value investing. , The market opportunities are fleeting, and those people on Wall Street in the United States should have long forgotten what their teachers taught them, just like you and I forget what we learned in class now.

They are now crazily seizing that slight opportunity, even if this opportunity is wrong in the end, just make a game out, as long as they don’t fall in, this is the same as what I said before, even if Qualcomm’s future is bleak, we will pull it out. High stock prices can also attract those who like to gamble to enter the market to take orders, as long as they are given some hope. "

"Wait, your tricks have confused me. Zhuanggu, I know that apart from the inside information, it is actually setting up a game. It can be regarded as a gamble, but only a small number of people participate in this kind of talent, right? Do you mean that most investors in the United States are now making this type of gamble, because participating in this type of transaction can make more money, and everyone wants to make more money, so value investing has long been abandoned by them?"

Zheng Xiaopang nodded as he spoke, reluctantly agreeing to Chen Fan's heresy, because he feels that this is the current trend in the market, most of the people involved in the transaction are to obtain excess profits, and accordingly they are willing to take risks , In this case, there is really no need to worry about the problem that the stock price is too high and no one will follow. As long as the stock trend chart looks good and the company has good news, no matter how high the stock price is, it can attract people to enter the market and place bets.

"There may still be real investors, but not many of them. Even the stock god in the U.S., I think it's fake." Seeing that Zheng Xiaopang seemed to have nothing to say, Chen Fan continued.

"The stock god is very powerful. His investment more than ten years ago now seems to have made a lot of money." Zheng Xiaopang is a little dizzy now, but he feels bad when he hears that Chen Fan seems to look down on the stock god. But the idol, although he invests honestly, does not seem to have participated in manipulating stock prices.

"His value investing should have had time to think, conduct scientific analysis, and make correct investment conclusions when information technology was not good at the time, but it should not work now." Chen Fan shook his head and said.

"Moreover, some of his current behaviors already show signs of Changzhuang.

According to what he said, he couldn't find any stocks to buy, but he had the top-ranked insurance company in the United States in his hands, and he had a lot of cash in his hands every year, and he had to invest it to make money, so he only bought stocks. The stocks of companies that you are familiar with and think are good.

Have you ever thought that if you buy these stocks every year, can the company's stock price not rise?

Is this a victory for value investing, or is it a fund-driven rally, especially with the stock god's name on the table.

What we say in China is that stocks are speculated into shareholders, which is actually the current situation of the stock gods in the United States. "

Chen Fan continued to talk eloquently, as if he was exhausted with the stock god of the United States, and kept speaking against the stock god of the United States.

Zheng Xiaopang shook his head, "You're talking too far, what did we say earlier? I said that Qualcomm's stock price is too high, and I'm afraid no one will take over the deal if it gets pulled up. You're going to be the stock god right now."

"It's a bit far-fetched, but it's an indisputable fact that the investment of the stock gods played him as a major shareholder. If he hadn't had sufficient cash flow support, if he was an ordinary investor, he might have collapsed long ago." Chen Fan remained the same. Not interested in stock gods, he continued.

"But it's true that they have plenty of cash flow, too much money, it's annoying." Zheng Xiaopang rubbed his chin and said.

"Looking for opportunities, I also want to acquire a few domestic insurance companies, and try to follow the stock god's routine to see if I can get sufficient cash flow. At that time, we will also set up a few listed companies to play, draw lots, and assign the president of the listed company throne." Chen Fan continued to babble.
At around 8 o'clock in the evening, Chen Fan and Zheng Xiaopang came to the trading room, and saw that He Li and the others had already stepped inside and were looking at the pre-market briefing.

When He Li and the others heard footsteps at the door, they all turned their heads to greet them.

Chen Fan went to sit down and asked, "Is tonight based on yesterday's deal or something?"

"Mr. Chen, Mr. Zheng, we may have to rush out tonight, so that tomorrow's killing will not be so abrupt." He Li put down the briefing in his hand, turned and said to Chen Fan.

"Where is the height?" Chen Fan asked.

"Near 11 yuan, broke through 10 yuan yesterday, and today made a false impression that it is going to hit 11 yuan, which should attract some buyers. We can sell some stocks bought around 8 or 9 yuan at a high level to protect the market, and smash the market. In the end, there will still be sufficient funds below to take all the chips back." He Li continued.

"We'll start the crash tomorrow." Chen Fan nodded, then turned his head and smiled at Zheng Xiaopang.

Soon it was time for the opening of the rice stock market. According to their original plan, He Li deliberately let Qualcomm's share price open higher today, and directly skipped yesterday's intraday historical high to open at 10.16 yuan.

Due to the strength of Qualcomm's market yesterday, the 1-point higher opening this time did not surprise the market.

To Chen Fan's surprise, the Nasdaq also opened sharply higher today, opening at 2626.85 points, a sharp increase of 28 points, and opening at a new record high.

In the early hours of the morning, Chen Fan was already vigilant, and today's market opening coincided with a similar trend, which made Chen Fan more vigilant.

Although I don't know if this is a coincidence, I can only pay more attention in the future, and I can always find clues.

Chen Fan breathed a sigh of relief after the opening of the market. The Nasdaq index rose briefly after the market opened and then began to pull back. This is in stark contrast to the continued rise in Qualcomm's stock price.

At this time, under the control of He Li and the others, Qualcomm's stock price began to push up at the opening, and soon formed an upward channel similar to that of the previous trading day. After that, the stock price continued to rise along the upward channel, and the intraday transaction Compared with the previous trading day, the volume has shrunk slightly. It should be said that the current market is very confident in holding shares, and it has gone up for two consecutive days. Who wants to leave the market and ship goods on the way up.

However, Chen Fan believes that some people will notice that today's handicap trend is actually much stronger than yesterday's, and the upward path is also steeper. I don't know if this will make some prudent investors aware of the risks in advance and flee first.

The trading of rice stocks is going smoothly. The market is relatively weak today. Except for a bright spot that opened higher, the market has fluctuated and fallen all the way since then. Fortunately, there seems to be strong support around 2600 points. The pressure to 2600 points was supported by the invisible hand of the market. As the index stabilized above 2600 points, the selling orders in the market began to decrease, and the buying orders increased again.

Now Chen Fan's prediction on the Nasdaq is a bit out of order, because the brightness is very, very weak. Today's intraday high of 2632 points seems to be the second highest point in a month, although the faint light indicates that the Nasdaq is in this period. There should still be a chance to continue to go up during the month, but Chen Fan obviously does not intend to continue, so he issued an order to accelerate the closing of the June Nasdaq contract shortly after the market opened
(End of this chapter)