legendary trader

Chapter 765 Chapter 766 Enron
From Xie Kai, Chen Fan knew the process of selling broadcasting rights for TV dramas in the past, so he naturally had a new idea.

Just kidding, for a TV series that cost more than 2 million yuan to shoot, only half of the investment is recovered for the first broadcast rights, so it is probably too difficult for this drama to make money.

Although he wants to praise people, it doesn't mean that Chen Fan is willing to lose money.

"It means that Evergreen Media contacted Shencheng TV, and Shengtian Entertainment is behind Guangdong Provincial TV? Have we also found a TV station here?"

Chen Fan asked suddenly. He received a call in the house before and knew it was about investing in film and television dramas. Chen Fan walked into the garden, and now he started wandering around in the yard, asking questions as he walked.

"No, the producer we arranged was not in that line of work before. It has nothing to do with it. The main thing is to control the expenditure of funds."

Xie Kai hurriedly explained, of course, these are not what Chen Fan wants to know, and he has no plans to enter the entertainment industry, so he quickly interrupted Xie Kai.

"Okay, I know this. What I mean is that we invest money in it for investment and to make money. This is definitely not the case now. Only half of the investment will be recovered. The remaining investment will be unless the movie is a big hit and the TV stations pay high prices. It is possible to recover the investment only by buying the second round and subsequent broadcasting rights, right?"

Chen Fan said to Xie Kai, after getting Xie Kai's affirmative reply, Chen Fan continued: "Let them make it into an auction model, the TV station is the bidder, whoever bids the most, who will get the film, and this will be adopted in the subsequent rounds. In this model, there will never be two TV stations offering one quotation.

Whether it is Evergreen Media or Shengtian Entertainment, they are in the entertainment industry and naturally have their own media relations. No matter who they help, we will not get any benefits in the end. The only thing that benefits us is the high price. The reasoning is easy to understand, and none of them can say anything against it. "

Hearing what Chen Fan meant, Xie Kai also felt that this seemed to be a good idea. Before, he thought that this was the practice in this industry, so Xie Kai never thought of breaking these rules in the past.

Now that Chen Fan said it, indeed, no matter Evergreen Media or Shengtian Entertainment, they should have nothing to say, because this is the most beneficial way to deal with investors.

"Next week's meeting?"

Xie Kai continued to ask, the reason for calling today is to ask whether Chen Fan will participate.

"Go ahead, I've already told you what to do. Don't follow their rules. We are investors. If it is beneficial to us, we will support it, and if it is unfavorable, we will oppose it."

Chen Fan thought about it and said, this kind of meeting is not very nutritious, and it is a waste of time to go there.

After hanging up the phone, Chen Fan continued to quietly be a good husband and good son at home, and he had already left this matter behind.

It was another dull weekend, and there were no major events happening around the world. If there was anything that surprised Chen Fan a little, it would probably be the news from the United States. There were two power outages in California last week, and the cause was not from Transmission lines, but power plants, power plants can not provide enough power supply.

When Chen Fan saw this news, he joked with Liu Ying that the United States, the most developed country in the world, lacks electricity. Does that mean that the economy of the United States is developing too well or their power plant equipment is too old?
Huaguo experienced power supply shortages in large areas more than ten years ago. Even in the past few years, some economically developed areas had insufficient power supply in small areas due to rapid industrial development. However, as the TV news said, the impact of power outages was almost Radiating the entire California region, power outages in provincial units are still rare.

Well, the distance is too far away, it has little to do with Chen Fan and the others.

On Monday night, Chen Fan still went out to the resort after having dinner at home, and it was almost 9 o'clock when he arrived.

Walking into the trading room, I saw Zheng Xiaopang, He Li and others inside, but today they didn't discuss anything like the previous two days, but read the pre-market briefing or read the news online.

Sitting back in his seat, Chen Fan smiled and said, "Why didn't we discuss the stock market today?"

"It must be a drop today, is there any value for discussion?"

Zheng Xiaopang said.

"What do you mean?"

Although I discussed it with Zheng Xiaopang before, the strange thing is that those traders, do they all agree that the market will adjust today?
"California power outage, you know, the latest report may continue this week."

Zheng Xiaopang said.

"Yorktown is not in California, how does it affect the stock market?"

Chen Fan said puzzledly.

"Silicon Valley and Hollywood are located in California, the most developed agricultural area in the United States. Information technology, biotechnology, aerospace and new energy technologies are all top-notch in the United States, as well as film and television. It is said on the Internet that they are also affected. This year's stock market will definitely not good."

Zheng Xiaopang said.

"Of the 51 states in the United States, which one ranks highest in California?"

Hearing Zheng Xiaopang's blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah. Where to understand California's low position in rice stocks.

"Let's put it this way, last year our country's economic aggregate ranked sixth in the world, you know that."

Zheng Xiaopang looked at Chen Fan and said, "The annual output value of California is about the same as that of our country. If it is counted as a country to participate in the ranking, and the two companies in our hands are located in the California area, it is also the same as this time. affected by the incident."

"so smart."

It was only then that Chen Fan knew that the United States was really awesome. The total economic output of a state surpassed more than [-]% of the countries in the world. At that time, it was only the top batch.

"It's just right, it's too late to find a reason for the decline. Today's plan is also to pull back."

Chen Fan laughed immediately. With the power outage in the way, today's stock price correction is a matter of course.

Soon rice stocks began to call for bidding. He Li and others entered the order according to the results of the previous discussions. When the opening data of rice stocks came out, it was a bit surprising that the Dow and the S & P index, among the three major indexes in the United States, opened with a decline, but only fell. Not too big, but the Nasdaq still opened higher unexpectedly, but the opening point was at 4812.14 points, only up 14 points.

This high opening point is considered rare in the recent period of the Nasdaq. Under normal circumstances, it is normal to have a high opening point of around 40 points.

But the strangest thing is why it is opened high, shouldn't it be opened low?
Oracle Software also opened higher today, 40.25 yuan, not much, only half a point increase.

Qualcomm naturally fell. It opened at 67.16 yuan, a drop of nearly 1 yuan, but the trading volume was a bit large, reaching nearly 30 shares, which is rare in normal times. Only tens of thousands of 10,000+ shares It is a normal opening transaction. Obviously, if it is not possible to lower the price and rely solely on the sell orders in the market, it seems that Qualcomm may still rise.

Just when Chen Fan was guessing whether the main force of the market was going against the trend to force the market to rise, when the rice stock market opened, the Nasdaq rose to 4822.70 points for a short period of time and then began to make a big correction. It soon fell below 4800 points, and then quickly closed today. The gap in the gap is accompanied by the change of the disk from green to red.

The market begins its normal course—down.

During the short-term upward trend of the Nasdaq, many stocks were driven by market buying orders, and the stock prices rose slightly. Finally, when these buying orders were exhausted and no new funds entered the market to buy, the stock prices began to decline.

In the following time, the entire rice stock market began to undertake round after round of selling pressure from short funds.

Perhaps, if the market remains in the bottom area, the market may still be able to resist effectively.

However, the market ushered in a continuous rebound last weekend, and the rebound trend was also very strong. The direct result was that the market feared heights again.

And a small, so-called bad news that would not cause trouble to the market at ordinary times, has been infinitely magnified at this sensitive time node.

The entire market fell unilaterally throughout the day, and the market itself once again accumulated a little adjustment force, which was multiplied by external forces.

In the end, the Nasdaq closed at the lowest point of the day at 4610 points, a sharp drop of 188 points, or 3.92%.

There was a wave of rebound in Qualcomm before the close. Of course, the purpose was definitely not to save the market, but to warm up the rising trend the next day.

You know, although Qualcomm's decline today is a planned trend, it will continue to rise on Tuesday. It is impossible to continue to lower because of the weakening of the market, and the bottom of the arc will be deformed if it falls again.

At the close of the market, Qualcomm’s stock price was fixed at 64.81 yuan, down 4.86%. The decline is not small, and the trading volume has shrunk to only 6739 million yuan.

This is not because He Li and the others are lazy, but because there is really not much off-market funds willing to enter the market today. No one wants to buy stocks, and no one will end up whatever you do.

Oracle also closed at a second low, closing at 39.06 yuan, down 2.13%.

Before Xiaoye found a chance to start working today, the share price of Oracle Software fell below 40 yuan, and never came back after that, so Xiaoye could only sit and wait bored throughout the night.

After the rice stock market closed, Chen Fan did not leave, but continued to pay attention to the futures market trend.

Affected by the weakening of the underlying stock market, all futures contracts in the futures market fell to varying degrees today, the first of which is the March contract that will expire in a few days.

However, Chen Fan didn't care about the drop points of these futures contracts, he paid more attention to the changes in trading volume.

Although it is said that the futures index market has a large trading volume, in fact, the trading volume of the main products is generally huge, especially around the delivery month.

Now the March contract is about to be delivered, and the June contract is about to become the new main contract. Now some funds in the market have begun to move positions, and the trading volume of the June contract has begun to grow slowly, and this growth will continue for a while .

However, Chen Fan is still dissatisfied with the current trading volume. It is already late March, and it will soon be April. How will the rice stocks go in April?
Chen Fan has not found much change in the brightness of the index so far, and it is basically certain that before the end of April, the height of the market will not exceed the point set during the period at the end of March.

After all, Chen Fan felt that the relatively quiet trading volume of the April contract could not allow him to quickly complete the establishment of the bottom position at a high position, so he was a little anxious.

However, the market lacks opponents, and he can't change it, so he can only be anxious.

Now Ning Yongyou and Kuang Jichun have no March contracts and are slowly opening short positions. Although Zheng Xiaopang has told them not to open positions too quickly, the contradiction lies in the fact that there are too few opportunities to open short positions.

Before the rice stock market opened in the evening, the information collected by Zhang Quan on the power shortage in the California area of ​​the United States was also sent to Chen Fan.

The main reason is, of course, the surge in power consumption. In recent years, the demand for electricity in California has continued to rise, and the power plants in various parts of California are producing at full capacity to basically meet the demand for electricity.

But up to now, the equipment of the power plant is seriously aging, and nearly one-third of the units have been unable to continue high-intensity production and need to be replaced. To make matters worse, according to intelligence, the largest energy supplier in the United States—Enron Energy Company and other American energy companies Appears to be monetizing the futures market.

Yes, they are taking advantage of the power shortage in the market, because there is a trading commodity in the US futures market, electricity futures.

Although it is not the first country in the world to come up with this thing, the world's first electricity futures contract transaction record was born in Europe, but the speed of the United States is not slow. And the futures exchange quickly followed up and established the electricity futures trading market in the United States.

According to intelligence, after the crisis, energy traders from Enron Energy and other companies took advantage of the flaws in the power market system to deliberately withhold California’s electricity and artificially create a power shortage. The purpose is self-evident, just to take advantage of the news of California’s power shortage Raising the price of futures electricity wantonly.

Of course, these intelligences are all from dictation, without any basis as support.

However, this is enough, enough for Chen Fan to understand the truth about the power shortage in California.

According to the latest news, the price of electricity in California is soaring now, and the wholesale price of electricity has soared 20 times, reaching 1400 USD/MKWH. These traders not only help the company make a lot of money, but also earn a decent commission for themselves.

Chen Fan handed the information to Zheng Xiaopang, "Take a look, it seems that they will continue to play, how much money can they make?"

Zheng Xiaopang took the document and glanced at it for a few moments, his small eyes widened immediately, he was so frankly unscrupulous.

"How long do you think the power outage in California will last?"

Chen Fan asked Zhang Quan the question he was most concerned about now.

If the power outage continues in California, how will companies such as Qualcomm and Oracle continue to operate? I am afraid that the leek-cutting incident that the main funds have painstakingly planned will become a scandal.

"The federal and state governments in the United States have been mobilized, and the electricity futures market has also been strengthened by the regulatory authorities. If we continue to do this, I am afraid it will not work."

Zhang Quan said with a smile, "The power shortage can be resolved in the short term. According to the forecast there, it is only a partial power shortage, and it will not reach the situation of the whole state's power cut. "

"Can it be resolved soon?"

Chen Fan frowned and asked.

Zhang Quan smiled, "It can be resolved in the short term, but in the long run, even if the current crisis can be successfully overcome, but the new generating units are not built in time, there will be another outbreak in the second half of the year and next year. In summer, it is very hot there. of."

(End of this chapter)