legendary trader

Chapter 737 738 Financial Pressure
On Monday night, Chen Fan and Zheng Xiaopang came to the trading room and sat down to start preparing for the new week's operations.

In the afternoon, Chen Fan had already made up his mind. The main work this week is to continue to manipulate Qualcomm, and the second is to keep an eye on the index and start closing the December Nasdaq futures contract at any time. Chen Fan still feels that there is no need to wait until the delivery.

Because of the Christmas holiday, the trading hours of rice stocks this week are only four days, and the rice stocks will be closed on Friday.

Last week, the Nasdaq rose by 160 points, an increase of more than 4 points. The previous week, the Nasdaq rose by more than 3 points. It should be said that although there were intraday adjustments in the past two weeks, the callbacks were very small and the time was very short. This is also in line with It is a sign of adjustment when the main wave rises.

However, Chen Fan is still a little worried, because whether this kind of rise can continue, ordinarily, there should be a violent shock to continue to rise, but this Thursday is the delivery day of the Nasdaq futures. Could it be that the main force of the market will choose to wash the chips at this time? ?
Isn't this sending money to short sellers?
Now the market bulls have established a huge long position in the futures index market, not only to push up the futures index, but also the underlying stock market cannot relax. It stands to reason that it should continue to pull up through Thursday, that is, to complete this week Adjust after pulling up.

Chen Fan calculated in his mind that if the index continues to rise this week, the index may approach around 3900 points, and then the closing point of the futures index will come out.

At present, the trading price of the December contract in the futures index market is around 12 points. It failed to hit 3790 points many times during the session.

After calculating the possible trend of the index this week, Chen Fan turned his head to stare at the daily chart of Qualcomm. Now the signs of accelerated rise of Qualcomm's stock price are very obvious, especially in the last two days, with 2 consecutive rises of 2 yuan. From the pre-market It can also be seen from the briefing that there are more and more reports mentioning the name of Qualcomm stock in the market analysis. Undoubtedly, the number of people paying attention has increased recently, and there is no need to worry about incremental funds.

Chen Fan is actually most worried about the lack of follow-up funds for the recent continuous large increase in Qualcomm. He no longer has enough funds to take over the offer. Although he can quickly raise funds through other channels, Chen Fan finds it troublesome. At that point, it would be nice to be able to solve it by yourself.

As long as you can persist until Thursday, your own funds will be rich next week. After all, there will be a lot of vacancy on the futures margin. Funds are shifting positions, which has also led to a substantial increase in the trading volume of the March contract.

The current rice stock market is like a black hole, constantly devouring a large amount of funds in the international capital market. With the accelerated rise of the Nasdaq, the attraction to funds is becoming more and more obvious.

Chen Fan knew that the market had actually reached a time when it was time to see the market. This should be the wave of market conditions he predicted last year, but he was a little more optimistic at the time, and he did not expect that there would be an extra year of gestation.

Before Chen Fan, he wanted Zhang Quan to analyze the analysis report of major global markets, and to investigate the attention of Qualcomm, Oracle and other stocks he held heavily here. The more attractive.

Don't look at the crazy rise in Qualcomm's stock price in recent days, but Chen Fan knows that funds in the financial market have a natural preference for risks, because there must be equal opportunities alongside risks.

For these funds, they are more willing to fight in the storm than to swim in a pool of stagnant water.

Profit, the crazy pursuit of profit is their goal.

"Today's tentative attack is 60 yuan. It doesn't have to be touched. I want to see what's going on above."

Chen Fan said to He Li, speaking in a very flat tone, as if explaining a trivial matter.

As for Chen Fan's intentions, He Li and the others have already guessed. In the past few days, Chen Fan has instructed to continuously increase Qualcomm's stock price and test the high point. The purpose is very clear. Qualcomm is now in the stage of accelerating its peak , and only at this stage will the stock price rise wildly, with little correction.

The outside world doesn't know the changes in their positions, so they can only judge by the rise and fall of Qualcomm's stock price. He Li and the others know their cards, and the current project funds are not sufficient, but at this time Chen Fan chooses to accelerate to the top, so from the perspective of funds You can roughly know when the top of Qualcomm will appear.

"Today's opening price?"

After Chen Fan finished speaking, he heard a slightly hesitant question from He Li.

"Opening price? Oh"

After hearing this, Chen Fan knew what He Li meant, and after thinking about it, he said, "Don't make a gap today, just open a little higher."

In the second half of last week, Qualcomm's stock price continued to see small gaps to boost the stock price, so today He Li wanted to know whether Chen Fan would continue to operate like this and create a gap.

Soon, rice stocks entered the opening auction period, and He Li placed a few buy orders above yesterday's closing price to support the stock price, and other things began to bury some selling orders at the top.

A few minutes later, the opening price of Mi stock was refreshed one after another. Qualcomm's opening price was 56.98 yuan, which was 0.1 yuan higher.

The opening price of Oracle Software was 23.59 yuan, which was nearly 1 yuan higher. This is the rhythm of a sharp upward attack.

Seeing the opening of the market like this, Chen Fan still whispered to Zheng Xiaopang: "Oracle bone inscriptions should reduce that batch of stocks appropriately. We are short on cash now, so we still need to reserve some more just in case."

Zheng Xiaopang grinned when he heard that, but he still didn't say anything. He knew about the fund, and it was indeed a little short now, and the futures team had almost exhausted all the funds.

Fortunately, the funds will be collected soon, as long as they survive these few days.

He understands that the most important thing now is to ensure Qualcomm's demand for funds. Now on Qualcomm, they are already in a difficult situation, and they can only go one way to the dark.

Without sufficient funds, once the market fluctuates, it will fall into a passive position, which is very dangerous. Fortunately, Qualcomm’s daily turnover is still relatively low, and there is not much demand for funds, so I am afraid that there will be sudden shipments of funds. Can't live.

The Nasdaq still opened higher today, opening at 3782.06 points, 29 points higher, and the market remains strong.

When the market officially started trading, the trend of the Nasdaq seems to have returned to the trend of half a month ago. After the index opened, it fluctuated around today's opening price. 3801.93 points, but the intraday selling orders were also very strong, and the index's offensive finally failed.

Qualcomm's stock price went up after the opening of the market. After three consecutive waves of strong shocks, the stock price also rushed to 3800 yuan when the Nasdaq hit 59.94 points. However, after seeing nearly a million shares sold at 60 yuan, Chen Fan decisively chose to fight back. Stop rushing, there are too many sell orders above, it is better to attract some withdrawal orders and hang them down for transactions.

Now the funds are a bit stretched, and I can no longer rampage and sweep everything like before.

In the second half, the trend of Qualcomm was almost in sync with the trend of the index, maintaining a high and volatile trend until the close.

In the end, Qualcomm closed at 58.35 yuan, an increase of 1.47 yuan, or 2.58%, and a turnover of 4548 million yuan. The shape and volume remained good.

The Nasdaq closed at 3783.87, up 30 points, but what remained on the daily chart was a sun cross star.

Oracle Software finally closed at 24.08 yuan, an increase of 6.22%, with a trading volume of 7035 million yuan. Although the stock price rose sharply, the trading volume did shrink by more than [-]%. Chen Fan couldn't judge for a while that the chips were stable What is the reason.

However, Chen Fan is not worried about the future trend of Oracle software. In the time period that can be seen, the high point of Oracle's stock price is still continuing.

Now it’s this time, and Chen Fan and Zheng Xiaopang don’t have time to play games during the day on Tuesday. They are just discussing the market outlook, especially the analysis of Qualcomm in the market. Chen Fan and Zheng Xiaopang are very patient. , to understand the market's opinion on this stock.

Although there are also doubts about the skyrocketing of Qualcomm’s stock price, they feel that the probability of stock price speculation is very high, but most of the analysis reports also mention the new mobile phone technology standards, which may be the real reason for the skyrocketing of Qualcomm’s stock price, because now the information released by Qualcomm has been searched. , and only this piece of information is explosive enough, but when it comes to the future mobile phone market, analysis reports generally hold a reserved attitude, and there are not many people who are openly optimistic.

Zheng Xiaopang was very dissatisfied with such an analysis report, but Chen Fan didn't seem to take it seriously.

"The market is going up on skepticism, all we want is for them to know, but be skeptical."

Chen Fan's concern for Zheng Xiaopang was just so simple.

On Tuesday night, Chen Fan and Zheng Xiaopang sat in the trading room and waited for the rice stock market to open.

"Today's stock price is around 60 yuan to more than 62 yuan. The opening price is below 60 yuan, and it will be raised after the market opens. After that, the stock price cannot be lower than 60 yuan, and it is enough to close above 62 yuan."

Below, Chen Fan and Zheng Xiaopang discussed it, so Chen Fan still thought about today's transaction, because Zheng Xiaopang expressed his opinion on his original idea, and the speed of promotion was slow, waiting for Thursday to speed up.

Originally, Chen Fan had the idea of ​​raising the price significantly today, but Zheng Xiaopang told him in detail about the current capital reserves. After seeing the current capital problems, Chen Fan compromised, not only notifying the futures team Stop opening positions, and at the same time require them to be ready to close positions at any time. Of course, the target of closing positions is the December contract, but the opening of the March contract has temporarily stopped.

After it was finally determined to go up on Tuesday, Wednesday and Thursday were mainly turbulent, and I dare not continue to go up.

Although He Li and the others try their best to maintain a balance of income and expenditure every day, they still consume part of the funds every day, mainly because the stocks they have received have not been fully balanced.

Since it's only been up for one day, Chen Fan naturally hopes that this day can increase more. Anyway, the lock-up of chips is still stable now, and the daily trading volume is only tens of millions of yuan. There is too much risk, and everything they do now is to prevent problems before they happen.

However, when the market opened, Chen Fan soon became pleasantly surprised, because the Nasdaq opened really strong, and the market should rise sharply today.

In the case of a sharp rise in the index, it is of course normal for Qualcomm to rise by a few points.

Today, the Nasdaq opened at 3798.25 points, and failed to jump directly to 3800 points. It should be said that the suppressing effect of the integer mark is in effect, but after the opening, the index is very strong. Almost immediately after the opening, the index rushed to 3800 points. Go on the offensive.

Perhaps because of the low opening point, the Nasdaq rose wave after wave throughout the day. By the end of the day, the Nasdaq closed at 3911.15 points, the second highest point of the day. The index rose 128 points, or 3.36%.

Qualcomm closed at 62.11 yuan, an increase of 3.76 yuan, an increase of 6.44%, which is not so abrupt, and the turnover has slightly enlarged, reaching 5100 million yuan.

Oracle fluctuated sideways above 24 yuan, and finally closed at 24.42 yuan, an increase of 0.34 yuan, or 1.41%. The turnover continued to shrink, with 6035 million yuan traded throughout the day, another decrease of about 1 million yuan in trading volume .

After the market closed, Chen Fan stopped He Li and several traders, and told them about the next trading day's transactions, so that they could discuss the operation plan for tonight in the afternoon.

"Maintain an upward trend after the opening, and you can touch around 64 or 5 yuan. After that, the stock price will pull back and adjust. Pay attention to maintaining the market. It is an orderly adjustment. The closing price must be stable at 60 yuan. That is to say, Wednesday is an adjustment market, and the stock price falls. "

After finishing speaking, Chen Fan looked at He Li and the others to see their reactions.

He Li and the others just looked at each other for a few moments and then did not move or talk. Chen Fan knew that this operation was not a big problem for them.

"Thursday's trading is also an adjustment, the stock price fluctuates below 60 yuan, and the closing price must be stable above 58 yuan.

The adjustments in the past two days are mainly to clean up the profit taking. Now the market is full of profit taking, which will affect the follow-up operations.

The difficulty lies mainly in stabilizing the word, and the market cannot be panicked, worrying that we are going to be the top. "

Chen Fan continued to speak earnestly, watching their reactions while talking, but everything was as usual, it seemed that they thought it was not difficult to operate this way.

Think about it, although Qualcomm’s operation is on thin ice, it’s not a bad thing to pull back appropriately. As long as the big buy orders are kept in the market, it shows that the dealer has no intention of leaving the market. Shareholders will be worried about leaving the market because of this. For institutions, the inflow and outflow of funds is what they care about. As long as the large funds do not leave, they will generally choose to continue to hold shares and wait for growth.

"You have to calculate the stocks you have bought during this period. If you can sell some, you can sell them. Cash out and reserve cash are also very important."

Chen Fan added a sentence at the end of his speech.

He Li and others left the trading room, leaving only Chen Fan and Zheng Xiaopang.

"Actually, it's as good as I said at the beginning. Mortgage some stocks for financing. It's not like we don't have the capital to continue playing."

Zheng Xiaopang waited quietly on the side until Chen Fan finished his orders, and then said that the two of them had a small quarrel in the afternoon because of the issue of financing. At first, Zheng Xiaopang planned to add some funds from Xu Jing. The funds were abundant, but they were rejected by Chen Fan.

Chen Fan also disagreed with finding a brokerage firm for financing.

"If you still want to play extreme operations, then it's up to you." Zheng Xiaopang can only say so, but in private, what Chen Fan doesn't know is that Zheng Xiaopang still notified Xu Jing to prepare funds and inject them into the designated account at any time , now has come to a critical time, and there is no room for mistakes.

(End of this chapter)