legendary trader

Chapter 808 809 Dilemma of the Newspaper Industry

Enron's stock price has almost survived the upward trend for several days. The intraday stock price began to approach the high point of the previous rebound of 5 yuan, and it has reached the turning point that Chen Fan saw.

It was also for this reason that Chen Fan felt that it was time for him to come back here and deal with the matter of An Ran.

He now needs to keep an eye on the changes in Enron's market, and adjust his trading strategy at any time. Perhaps, at any time, he will short-sell stocks on a large scale again to suppress the stock price.

At 9 o'clock in the evening, Chen Fan walked into the trading room and sat down in his seat. One of the two computers in front of him was set to the Enron stock interface, and the other was of course the London Gold interface. with.

It has been a while since the rice stock market opened, and now Enron's stock price is fluctuating around 63.84 yuan. I don't know if it is gaining momentum or something, and the rise and fall have become dull.

It has been consolidating here for a short while, and the market turnover is gradually shrinking, and it seems that it is waiting for the choice of direction.

Today, the highest price of Enron stock in the intraday session was 63.92 yuan, and the lowest price was 63.71 yuan. Now the daily chart shows a small doji shape with upper and lower shadow lines, and both ups and downs are possible.

"You say the buying in the market is starting to fade?"

After Chen Fan came in, Lin Hong quietly reported the changes in the market in the past few days, especially the changes in the market buying orders.

When it was below 60 yuan, the market buying orders were still very strong, but when Enron’s stock price rose to 60 yuan, the market’s buying orders were still strong, but the selling orders increased significantly. The breath of shipment.

"Looking at the market now, it seems that the buy orders are still so big, but I noticed that the buy orders entering the market are very strange, more like, it should be said that there is a feeling that funds are countering, and they seem to be attracting off-market funds to enter the market. "

"What about now? Trading has shrunk a bit."

Chen Fan frowned and asked, although Chen Fan knew that the inflection point of the price was here, so far, the Enron stock interface he saw had no brightness at all, which means that in the future, Enron's stock price cannot be higher than the current price .

However, limited by his own abilities, Chen Fan didn't know whether Enron's stock price would continue to fall or fluctuate sideways.

At this time, it seems to be a good choice to listen to the views of professionals.

In fact, when he walked into this trading room, he already had his own ideas. As long as he got the approval of Lin Hong and other traders, then tonight, tomorrow at the latest, he will increase his efforts to suppress Enron's stock price again.

It is necessary to ensure that Enron's stock price continues to fall slowly, so that he can feel safe.

The stock price is always not far below his short-selling cost, which is not safe. Once An Ran finds financial help, a strong snipe by others may wipe out their previous operations.

Now, in the U.S. market, most fund managers and investors are still skeptical about the previous rumors about Enron, and only a few people have a clear position.

Let the stock price fall slowly, and not give the possible bulls a chance to explode, this is what he is thinking about now.

When the stock price fell to around 60 yuan this time, when he thought the market would continue to fall like this, the gleam of light that appeared on Qualcomm stock was real. Chen Fan was shocked at the time. He did not expect the stock price to fall There was a rebound here, which is why he restricted Lin Hong from short selling.

"It reminds me of the last time the market had an abrupt rally."

Lin Hong replied: "When it fell to 56 yuan last time, the market suddenly rose in retaliation, and the stock price showed a concentrated increase in volume above 60 yuan.

This time, the market rebounded from 55 yuan, and there were three consecutive waves of slightly higher prices.

Although I am not a conspiracy theorist, but such a trend, the time interval is also very close, I have a little doubt that the first rebound is because there are funds to cover someone's shipment.

And this rebound is that the funds are pumping up and selling. Their purpose is not like being optimistic about Enron, but an operation to leave the market. "

What Lin Hong said made Chen Fan a little dumbfounded, he didn't understand the meaning of Lin Hong's words.

"What I mean is that Enron has shareholders, maybe some stocks are trapped in it, and his friends are helping him out."

Lin Hong explained again.

Although Chen Fan understood Lin Hong's meaning from the beginning, he still couldn't figure it out.

"If you don't like it, just sell it, why do you need help?"

Chen Fan asked.

"Maybe he used leverage, and he had to clear the position above 60 yuan to avoid losing money, and someone needs him, so help him deal with it."

Lin Hong gave a possible answer, "In China, I have also been exposed to similar situations, and I must ensure that the other party makes money."

"privilege?"

Chen Fan guessed.

Lin Hong nodded, but did not continue to answer.

"You mean that their cover work is complete, and judging by the current market trend and trading volume, it seems that it's time for them to retreat too?"

Chen Fan asked again, "Are you bearish on Enron's stock price?"

Lin Hong didn't answer right away, but nodded after thinking for a while, "I'm bearish. We've been pressing down all the way. Although the market is not short of buying orders, we haven't seen any big institutions enter the market to buy. This shows that although they haven't convinced Enron yet However, we still choose to wait and see carefully.”

"Okay, seize the opportunity, as long as you think it's appropriate, suppress it vigorously, and the previous order to limit positions is invalidated."

Lin Hong's words gave Chen Fan a shot in the arm, and he decisively issued an order to continue shorting.

When the time entered June, the weather in the imperial capital became hotter and hotter. Under such weather, no one wanted to stay outside.

Standing in front of a convoy, Chen Fan looked at the landing plane in the distance. He didn't feel anything when the air conditioner was blowing in the car, but when the plane arrived and started to land, Chen Fan got out of the car, and after a while, The back of the shirt was wet with sweat.

The plane has landed and is sliding towards the tarmac here. Chen Fan seems to have seen the people on the plane. They should be the same as him. Maybe they have already stood at the hatch and waited to come down to meet him.

Soon, the plane slid to its position and stopped, the cabin door was opened, and the figure of the stewardess appeared in Chen Fan's eyes, followed by the familiar figure.

"You stayed half a month longer than planned this time."

On the car that was speeding home, Chen Fan held his son in his arms and complained to Liu Ying in a low voice.

"Hehe. I didn't want to either. I was delayed in my hometown. I wanted to go back in a low-key way, but somehow the local people knew about it. It's too hot to invite."

Liu Ying looked at Chen Fan carefully holding the child in his arms and smiled tenderly.

"What do you mean, are you welcome to go back and invest? We don't have any industry."

Although he already knew about it on the phone, Chen Fan still said it.

"Go ahead, Nantang, donate to build a large city park in your hometown, and our Yazhou side is also a green park. It doesn't need much. According to the plan, it is about tens of millions. There is no school yet. That library costs money."

Liu Ying said.

"I read the previous emails. Even the roads to the park are built next to the mountains, so it won't cost that much."

Chen Fan said.

"Although the roads connecting with the surrounding areas are only a few kilometers away, you won't let Bi people walk on the sandy roads to play in the park and exercise."

Liu Ying gave Chen Fan a white look. In fact, at first she also thought that the local government would solve the road traffic. They just spent the money in the park to repair infrastructure, such as the park management office, toilets, and tree-lined paths in the park. There is also the purchase of some fitness equipment, and the replanting of some flowers and trees. I will only find out later in the detailed discussion, and there are surrounding transportation facilities.

Knowing that this time Chen Fan stayed in the imperial capital and made another sum of money from gold, Chaofan Investment received almost 16 billion yuan. Because of this good news, Liu Ying made a decision and donated it without saying anything.

Anyway, before coming back, what Chen Fan was talking about was that wealth does not return to one’s hometown like a night walk in Jinyi. After donating such a big park, now both Chen Fan and Liu Ying have already become famous in their hometown, and they all know that they are born in this place. A self-made big boss.

Parents, father-in-law and mother-in-law all came back with Liu Ying, Zheng Xiaopang left earlier and didn't come back with them, but went to Shencheng first.

I had a warm dinner with my family at home, and Chen Fan did not go to Oak Capital tonight.

After suppressing the stock price again from around 64 yuan, Enron's stock price quickly fell below 60 yuan, but then encountered resistance again around 60 yuan, and the support below became a bit tough again. I'm grinding these bills.

However, Lin Hong is still in charge of the firm offer operation, so Chen Fan can be lazy, and it doesn't affect anything if he doesn't go there for the time being.

After dinner, the family sat on the sofa and teased Xiao Xiangxiang for a while. Chen Fan's son has been named Chen Yuxiang, which means rich and auspicious.

When Xiao Xiangxiang was tired from playing and fell asleep, Liu Ying pulled Chen Fan into the study.

"There's something wrong with Ikos on Euroland. Since the fourth quarter of last year, the performance of the newspaper industry has begun to decline significantly. Whether it's newspaper circulation or advertising revenue, it's starting to lose money again."

When Liu Ying came up, she told Chen Fan about the latest situation, and she wanted to know Chen Fan's attitude towards it.

"I don't read newspapers and TV very much now. I usually read news on the computer. I think it's quicker. I guess the readers in Europe are the same."

Chen Fan said indifferently, he had seen Liu Ying's choice in her eyes, so he didn't say much.

"That's right, people read news online now, and fewer people read newspapers."

Liu Ying said a little desolately, the industry that was very promising two or three years ago seemed to be falling like this.

"I will support you in whatever decision you make. Didn't we have mental preparations when we bought the newspaper? It's just a loss of money, we can bear it."

Chen Fan laughed.

Now not only the newspaper industry in Europe has started to run into difficulties, but the situation in China is similar. There are also newspaper companies in China that have started to suffer losses. When it first happened, Chen Fan was a little unbelievable, but after thinking about it, he also Not surprising anymore.

"What do you mean?"

Chen Fan looked at Liu Ying and asked.

"I plan to go there to see if the dilemma over there is the same as ours, so that we can make new decisions then.

You know, news websites are developing very fast now, but the resources of the website are all from our own newspaper office, so it is a bit hard to choose. "

Liu Ying said that Leighton had already planned to lay off staff before, and it was okay to lose money, but the losses in the last two quarters have gradually increased, which is not so slim.

As far as he learned, the situation of other newspaper offices was even worse.

When Liu Ying bought those newspapers, she had already laid off staff once to minimize the operating costs before turning losses into profits.

However, just over half a year later, the operation suffered losses again, and Layton was scratching his head a bit. If he continued to lay off staff to reduce costs, the business would not be able to develop.

"News websites must be kept, and the increase in advertising revenue now depends on the websites, but newspapers provide news materials for the websites. I have to go and see the actual situation.

Although we were mentally prepared to lose money before, why should we lose money if we can make money in this business? "

Liu Ying said.

"How long do you plan to go?" Chen Fan looked at Liu Ying with wide eyes and asked.

"I'm not sure, it's as short as a month, and as long as three or four months. Why don't you buy another plane and fly over if you miss me."

Liu Ying said with a smile on her face as she spoke.

"Where's the child? Do you have the heart to leave the child behind and go to work?"

Chen Fan still stared at Liu Ying and said, a little in disbelief.

"Building a media empire for your son is no more important than leaving him a lot of money. This is a career."

Liu Ying smiled.

"I also have a business in Shanghai, just a network company."

Chen Fan said immediately.

"Okay, let's not talk about this, I plan to take the child there."

Liu Ying said, "Our mother has to follow. They said that Oulu hasn't had enough fun, and they still want to continue to play, and they don't feel tired when they sit up on a private plane, and they still have a bed to rest."

Speaking of this, Liu Ying suddenly sat up straight again and continued: "By the way, they still want to visit the United States, saying that they have never been there, and want to see what the blue star's most powerful country looks like."

"So, I really have to prepare a big plane, at least five bedrooms."

When Chen Fan heard that his parents wanted to travel to Europe, he felt a little inconceivable. No wonder when he got off the plane in the afternoon, he didn't see the four elderly people seeming to be tired at all. Holding the grandson, not to mention the energy, I dare to feel that it is really comfortable to take a private jet, which is no different from taking a car.

"Private jets are really convenient. Those civil airliners, even if they have a first-class sofa, are not as comfortable as their own planes. You can lie down and lean on them casually."

Liu Ying smiled.

"Okay, I'll ask someone later and order one. By the way, if you want someone from the airline company to find you, you can put conditions on them."

(End of this chapter)