legendary trader

Chapter 458 Chapter 459

The Nasdaq Composite showed a unilateral upward trend in the last hour before closing. In the end, it not only recovered the lost ground, but also rose 64 points, or 2.73%. haze.

For the operation of the main force in the market, Chen Fan was shocked besides being shocked, it was so smooth.

Chen Fan didn't suffer much psychologically. Although he tried twice to save the market and failed, but also because of this situation, he has a clearer understanding of himself. The international financial circle is very big and the water is very deep. , I am just a small fish in a small pond now, it is difficult to even affect the market trend for a short time, and I want to make troubles in rice stocks, I think too much.

Seeing that Qualcomm's stock price failed to reach the 8.8 yuan predicted by He Li, and closed at 8.79 yuan, today's increase was as high as 12.84%, and the trading volume shrank slightly compared to the previous trading day. Chen Fan could only be unsatisfactory .

Trading all day today, only when they were pulling up, the trading volume rapidly increased, and then the trading volume in the consolidation trend was very small.

Going back to the room to rest, Chen Fan couldn't fall asleep for a long time. Although he kept telling himself that it was nothing, in fact, at this moment, Chen Fan felt that his confidence seemed to have been affected a little by not being able to control the market through Qualcomm stock today. Maybe it's because I've been used to going smoothly for the past two years, and my heart is really a little swollen.

For the next trend, Chen Fan already had an idea in his mind, and he planned to continue to try it next trading day, to see if he could affect the market by manipulating the rise and fall of Qualcomm's stock price, without using the power of the trading team.

Today Zheng Xiaopang mentioned using two trading teams to raise the stocks in his hands. In fact, Chen Fan thought about it when the third raise was unfavorable. In the end, because there was no careful plan beforehand, under the circumstances at that time, if we rashly arranged for all to intervene in the market, if the index is still not leveraged, the loss would be called a big one.

At least now I can use this excuse to comfort myself, this time I didn't use all my strength.

Soon, one day passed, and on the second night, Chen Fan still came to the trading room after 8:[-] to read today's pre-market briefing.

Today's media reports are even more lively. Just now they boasted about the huge harm of the "Yearn Year Bug". Report a resounding slap in the face.

While drinking tea in the afternoon, Chen Fan also read a few newspapers. It seems that the media is still expanding, or they are tracking and reporting the impact of this incident, and their tone is even more resolute. Huge, the time span of the impact may last until the beginning of next year. As for the rise in the rice stock market yesterday, it is just a technical rebound after the plunge.

Chen Fan is not sure whether the rice stock market will continue to rise. Although he knows that the Nasdaq will return to 2600 points in the next one or two weeks, he has no concept of time. He doesn't know when it will happen, so it is hard to express. Regarding the bug he released with his own hands, Chen Fan felt a little overwhelmed. He hadn't fully evaluated it beforehand, and now he felt like he was restraining himself and becoming passive.

When the news was first released, I was afraid that the media would scoff at it and not report it. As a result, it was reported later, and the harm of the problem seemed to be much greater than I imagined. It was not what the initial information said. The software problem was directly upgraded, and the hardware problem It's that simple to replace.

The "Millennium Bug incident" involved many industries, and the complexity of the situation far exceeded Chen Fan's expectations. This is because he has been staying in the ivory tower and has not had much social practice. It has something to do with not knowing how complicated society is. According to the information, it shouldn't have much impact, but it's just a matter of money. Is the problem of money still a problem?

Companies that can afford those equipments still lack the money to replace them?

But now I seem to be thinking about it. Maybe those companies themselves don't know how many devices need to be replaced and which software needs to be upgraded.

The turmoil from the outside world did not affect Chen Fan at the moment. After a brief look at the briefing, it seems that many countries have already started to speak out about this matter, requiring domestic companies to conduct self-inspections to prevent the harm of the "Year [-] Bug".

The rest are various announcements of listed companies, about operating data and disclosure of major events.
There was nothing to look at, so Chen Fan took out his notebook, checked the relevant records, and then looked at the stocks that he had checked that needed attention, and looked again with his ability.

As the time approached the opening of the rice stocks, He Li turned and looked at Chen Fan, "Mr. Chen, today's operation is"

"Do you think the market is going up or down today?" Chen Fan didn't answer directly, but asked He Li instead.

"According to the trend at the end of yesterday, it should go up today, and it may open high and go high. As for whether it can be stabilized, it is hard to say. Now the news media reports seem to think that the "Year [-] Bug Incident" has a great impact. At least in the short term, the market will still There will be ups and downs."

He Li thought about it and said that he has been paying attention to the "Millennium Bug" report for the past few days, and he has learned a lot about the harm of this bug, so he is a little worried. You know, the stocks they are trading now are the stocks most harmed by bugs miserable industry.

"Then how do you think we can do it well?" Chen Fan continued to ask.

Zheng Xiaopang kept rolling his eyes. He knew that Chen Fan didn't intend to let Qualcomm continue to lie down. He Li should have seen it. Chen Fan never hid it. Still pretending to be pure, pretending to ask other people's opinions, not looking for smoke.

"Drive high, continue to pull high." He Li said without thinking.

"What price should be opened at a higher price? How high is it suitable?" Chen Fan continued to ask. Although he had some ideas, he was still inexperienced, so he wanted to consult He Li for advice before the market opened.

This question stopped He Li, and he didn't know how to answer for a moment.

I remember that Chen Fan seemed to mention a few days ago that he wanted to raise Qualcomm's stock price by 12 yuan, but who knows whether Chen Fan plans to pull it today or tomorrow, or the day after tomorrow?

"It can be opened a little below 9 yuan, and then it will go higher one by one." He Li could only answer cautiously, speaking vaguely.

"Most of the funds that entered the market yesterday were speculative funds. They shouldn't hold stocks for a long time. As long as the stocks show profit margins, they should leave the market quickly with profits, right?"

Chen Fan said again suddenly, not paying any attention to He Li's vague answer.

"The holding period of those funds is very short, usually a few days is considered long. Unless there is major good news about the stock, it is impossible to hold it for a long time."

He Li also quickly replied, this is not a secret, those short-term speculative funds are like this, just ask anyone to find out, and there are many institutions and individuals doing this at home and abroad, so there is no need to talk nonsense.

"I want them to leave the market, spit out all the stocks they bought, and give them to those who are willing to hold them for a long time. Even if some of the chips they spit out are picked up by speculative funds, at least it is a change of hands. The cost of holding shares in the market is improve."

Chen Fan looked at He Li, and said with a smile on the corner of his mouth.

"This is not contradictory. We opened a little lower than 9 yuan, and continued to rise at the opening, and they will sell slowly." He Li hastily argued.

However, Chen Fan didn't continue to listen to his explanation, and interrupted him with a wave of his hand, "We push up the stock price, which may allow them to stay. A stock with a steady upward trend, are you willing to leave?"

After hearing Chen Fan's words, He Li no longer wanted to defend himself. He silently shut up and waited for Chen Fan's arrangement. Let him know what he thinks.

"In yesterday's transaction, the average cost of their funds entering the market may be around 8 yuan, while the cost of funds entering the market later will be higher, which should be around 5 yuan. We will give them space, calculated on the basis of a 8% increase, and open the market. The price is 8 yuan 10 or 2 yuan 10. Open the market according to 5 yuan 10. Let’s not place the order above, and bury the order at 5 yuan 10. The opening price cannot be lower than here, and the lowest price in today’s trading cannot be lower. At 5 yuan 10."

He Li couldn't help trembling when he heard today's opening price mentioned by Chen Fan. The opening price was too high, and he directly gave out [-]% of the profit, just to make these speculative funds unbearable immediately after the opening price. Stay lured by the temptation to leave the market, listen to what Chen Fan said, go down for a while after the market opens, and take the action of covering the gap, cleaning out these short-term profit-making positions
But if you think about it carefully, it seems that you can only operate in this way. If you open slightly lower and then push up steadily according to your own ideas, these funds may not necessarily choose to leave the market.

It seems that it is really the best choice to directly offer a temptation at the opening and see if they can leave.

According to He Li's understanding, with the urgency of those funds, nine out of ten they can't stand the temptation of profits. If they earn more than [-]% in a day, what could be more profitable than this.

(End of this chapter)