legendary trader

Chapter 814 815 Continuing to plummet
Lin Hong stared at the movement of Enron's board, thought for a while, and then suddenly suggested, "Mr. Chen, let's smash it. Now there are more than 30 shares paid, and it can be easily smashed through."

After large-scale shipments by institutions yesterday, the stock price fell too much for two consecutive days, so after the opening of the market today, the scene of yesterday reappeared. The big selling orders disappeared in the market, and only a small amount of panic orders came out.

But now Enron's market is too weak, and it didn't stabilize and rebound because of the sharp drop in selling orders. It still fell for a while, and it didn't stabilize until it fell to 30 yuan, and it began to fluctuate sideways.

In Lin Hong's eyes, the current trend is a very good opportunity to make a move. He only needs to cancel the buy order around 30 yuan to stimulate a new round of decline in the stock price.

But what surprised him was that Chen Fan's reaction to this was to shake his head in denial.

Chen Fan didn't say anything, and Lin Hong didn't know what Chen Fan was thinking, so he couldn't say anything more.

Because of yesterday's market decline, those stocks with relatively large declines rebounded today, and the index also went out of the trend of detecting lows and rebounding.

With the improvement of the market, Enron's stock market has gradually begun to increase the number of buy orders, especially after several stocks that fell sharply yesterday appeared on the gainer list. more.

Indeed, judging from the current trend chart, after more than half a year of decline, Enron has left a huge room for rebound. As long as there are funds to enter the market decisively, Enron's rebound trend is likely to be ignited.

Although there have been various rumors about Enron up to now, for investors in the market, the most important thing is not the market rumors and news reports, but the reaction of the regulatory authorities.

Reports and rumors about Enron have been going on for so long, but the Securities Regulatory Commission of the United States is as deaf as it is indifferent to Enron and market rumors, and has not even issued a letter of inquiry.

In the eyes of most uninformed investors, this is a signal that Enron should have no major problems, otherwise it is impossible for the regulatory authorities to do nothing.

Enron's stock price once again showed signs of stopping its decline and stabilizing. Naturally, more investors are not considering the risk of this stock, but its rebound space and how high its rebound can rise.

For a blue chip stock, it is a rare opportunity to kill the stock price from 7 or 80 yuan to 30 yuan just because of market rumors.

As more investors began to buy Enron stock, Enron's stock price began to rebound under the support of these buying orders, and the stock price quickly returned to around 31 yuan, and the red market was about to turn green.

"This stock has been suppressed for too long, and the accumulated rebound momentum is still very strong. We will wait until this wave of rebound is over to decide whether to continue to operate."

Seeing that Enron's stock price started to rebound as expected, Chen Fan felt that this was the right thing to do. If he wanted to continue to sell short, he had to wait until Enron's stock price rose to around 35 yuan. This is used to guide subsequent operations.

Although it was a pity that Chen Fan missed an opportunity to speed up the suppression of the stock price, Lin Hong certainly wouldn't say anything at this time. After all, the market trend is here, so there is nothing else to say.

Chen Fan is completely opposite to his idea. Although Enron's current trend is very ugly, the passivation of a large number of technical indicators just shows that the market may trigger a retaliatory rebound at any time. .

Without waiting for too long, Enron's stock price finally completed the task of not gapping, the stock price turned green smoothly, and then continued to rise, and there were very few sell orders in the market, and it could still continue to rise.

With the establishment of the stock price rebound trend, the number of investors entering the market to buy stocks increased rapidly, and the influx of a large number of buy orders stimulated the continuous acceleration of the stock price rise. not enough.

For retail investors, before Enron's stock price continued to fall, everyone could not bear the decline and chose to leave the market, but now the stock price has obviously started to rebound, and the funds that wanted to leave the market before naturally changed their original strategy and planned to leave the market. Wait until the rally is over to see what happens.

The surge in buying orders and the shortage of selling orders in the market quickly piled up a large number of buying orders at the lower buying price.

Seeing this situation, Lin Hong shook his head, knowing that it was even more impossible to make a move now, and it became unattainable to lower the price, and An Ran's buy order had been activated.

With the loss of trading time, Enron's stock price also rose to around 33 yuan, but at this time, comparing the buy and sell orders, the bulls are far stronger than the shorts. No one thinks that Enron's stock price will fall again, at least Chen Fan is quietly Waiting for the stock price to rebound to 35 yuan.

Rice stocks rebounded strongly today. Naturally, Enron’s funds are still very confident in buying bottoms. Those who bought are planning to hold their shares to rise, while those who have not bought are constantly increasing their buying prices to strive for early transactions. After all, today’s stock market closes There is not much time left.

Just when everyone thought that the overall situation was settled, more than half an hour before the close, Enron's situation changed suddenly, and a large number of selling orders raided the market. The swarming selling orders quickly swept away the buying orders at the lower buying price, and kept suppressing the stock price. The market trading volume soared rapidly, and the trend of heavy volume and plummeting appeared on Enron's stock market again.

The sudden change made Chen Fan dumbfounded. He really didn't expect such a change. Enron's stock price only rose to 33 yuan before being smashed by sellers.

Chen Fan touched his forehead with his left hand and glanced again. That's right, the brightness of Enron stock has not changed at all, and there is still room for growth. According to the current brightness, Chen Fan silently calculated in his heart, and it is roughly determined to be at 35 meters. near yuan.

Corresponding to the current trend, Chen Fan knew in his heart that there should be a process for the market to make a bottom this time, and there should be repetitions during it.

This idea appeared in Chen Fan's mind in an instant. After having this idea, it would be no longer a violation to watch Enron's stock price dive.

Unexpectedly, Enron's stock price suddenly plunged before the market closed, and the stock price plummeted from around 33 yuan to 30 yuan. All the investors who placed orders before bought the stock, although they were a little panicked at the moment.

And those investors who didn't buy the stocks, and chased after several times because they thought the price was high and gave up chasing the price, quickly placed orders to buy stocks at the moment, and Enron's trading volume continued to increase, not only when it rebounded to the top, there was a large increase in volume , and then increased the volume to sell down, and when it touched around 30 yuan, the trading volume continued to increase.

Everything seems to indicate that Enron's stock price has really encountered strong support here, and it seems impossible to continue to drop.

But when everyone thought they could stabilize again, more sell orders burst out on the market again, and the buy orders around 30 yuan were frantically output, and the trading volume reached another peak at this moment.

A similar trend is actually very rare in the stock market. Enron's stock price fell from the high point of the rebound, and the trading volume did not shrink all the way. Instead, it showed signs of gradually increasing. When it reached the area that everyone thought was the bottom, the trading volume unexpectedly continued. Zooming in, a bad feeling began to appear in the minds of investors who entered the market to buy bottoms.

It's not that they are worried about their own judgment, but that the selling power shown in front of them at this time is too powerful, far exceeding their cognition.

As the big buy order at the last price was swept away, Enron's stock price instantly fell below the 30-meter mark.

The trading room of Oaktree Capital was very quiet, because none of the traders in the room had trading tasks at this time, and they were all relaxed watching the trend of Enron's stock price.

"Those funds should have successfully cleared their positions."

I don't know who said such a sentence suddenly.

Just now, the trading volume of Enron's stock market was too large. It is estimated that there are many small and medium-sized institutions in the funds that entered the market and rebounded.

"So far, about 2 million shares have been traded."

Another person said, but this time the total trading volume of the stock from the current crash to the present is reported.

"The reduction of positions by those shareholders should continue for a few days, and it is impossible to end so soon."

Lin Hong sat beside Chen Fan and whispered.

Chen Fan nodded slightly, probably agreeing.

But what the people around don't know is that at this moment, Chen Fan's heart is overwhelmed.

When Enron's stock price just started to plummet, Chen Fan thought that the market was going to turn around and complete the double-bottom structure. However, as the trading volume increased, Chen Fan quickly realized that something was wrong. Some institutions in the market were reducing their positions. .

Chen Fan, who has been through this situation many times, of course knows that such an operation cannot be completed in a short time.

By this time, Chen Fan had already begun to doubt whether the 30-meter yuan could bottom out.

It doesn't mean that Enron's stock price will not be able to hold 30 yuan if there is an institution reducing its position. It depends on the thinking of the operating institution and whether it is willing to hold this stock price.

As the 30-meter yuan was broken, followed by another round of sharp decline, a large number of selling orders were thrown into the market frantically, and the selling wave ended only when there were sparse buying orders below again.

At this time, the funds that entered the market to buy bottoms were already stupid. At this time, the fools also knew that the short-selling power in the market was too strong. More than 3 million shares were sold, and the turnover was close to 10 billion.

Under normal circumstances, with so many buy orders, the stock price would have been fired up long ago, but when used in Enron's stock, the stock price continued to plummet.

With the completion of the last transaction, Wednesday's trading is considered to be over. Enron's stock price closed at 28.79 yuan, another 8.92% drop, a huge drop. This is the third consecutive trading day since this week that the stock price has plummeted.

In just three days, Enron's stock price fell from nearly 40 yuan to 28 yuan.

After the market closed, Chen Fan didn't leave immediately, but stared at Enron's stock price chart in a daze.

For those in the short camp, the stock price drop should have been a good thing, but it was different for Chen Fan. He was not overjoyed, but thought of the brightness of the current stock price, Enron's stock price must return. If it goes to 35 yuan, then the harder it falls now, the stronger the rebound will be when it reaches the real bottom.

Chen Fan has been thinking about what price to leave the market now, and if the current price starts to rebound, the rebound height of Enron's stock price has reached [-]%. From the perspective of an oversold rebound, it can already attract funds to enter the market, let alone this Still plummeting.

Of course, the heavy market decline is actually not a good thing for bottom-hunting funds, because most of the funds entering the market cost between 30 and 33 yuan to build a position. At what price to intervene.

Now we can only take one step at a time.

Chen Fan thought in his heart that at least there is still good news for now. After two days of delay, the brightness of Enron's stock price can only support the stock price to rise to around 35 yuan, and the brightness has not continued to increase.

But this is not a good thing. If the stock price rises again after consolidating here for a few days, you can only wait and wait.

Chen Fan made up his mind in his heart that 35 yuan is the final limit. As long as Enron's stock price can't break through 35 yuan, he will continue to hold the position. one operation.

Chen Fan now only wants to keep the more than one billion profit in his hands, and nothing else.

Chen Fan came to the trading room after 8 o'clock on Thursday night, and learned about the latest information about the United States from Zhang Quan.

Enron is really at the end of its rope, and there is still no good news to release, maybe it is true, is it to fabricate good news in order to maintain the stock price?

Now being watched by the reporters, even the transactions with those affiliated companies are not dared to do it at this time.

"Let's see if the funds that entered the market yesterday to buy bottoms will run away after the market opens today?"

Chen Fan made up his mind, today is still going to the theater.

"If you want to take a small dive in the last stage of yesterday, you should have the funds to decisively stop the loss."

Lin Hong interrupted and said.

Thinking of the transactions in the last hours of the morning, it is true that the big sell orders have been reduced a lot, but the stock price still showed a slight diving trend, directly falling below 39 yuan.

As time came to the rice stock trading session, the call auction for Enron stock also started.

Today is still a low opening, 38.52 yuan, which is today's opening price, and there are still no institutions to sell, maybe because they know that even if they ship, there will not be too many buy orders, and the stock price has dropped, but there are not many stocks sold. It's too bad.

"Today should be a continuation of the decline."

After Chen Fan saw today's opening price, and then looked at the number of up and down orders, Chen Fan had a clear understanding in his heart.

When the rice stock market opened, there were no exciting changes in the market. Enron's stock price opened calmly, and then began to fluctuate and fall. Although there were fluctuations during the period, the downward trend became clear after an hour of trading.

During the entire trading session on Thursday, the bulls in the market were completely suppressed by the shorts, and there was no resistance at all. In the end, Enron's stock price closed at 26.31 yuan to end the whole day's trading, and the stock price fell again by 8.61%.

(End of this chapter)