legendary trader

Chapter 817 818 Rebound
In the evening, Chen Fan arrived at the trading room of Oak Tree Capital just before 9 o'clock. This time, Zheng Xiaopang also followed.

Some time ago, Zheng Xiaopang was engaged in Maojian shares, so he never came here to watch their operations. Today, I heard from Chen Fan that someone was going to rebound from Enron, and they planned to take advantage of the trend to make some money, so Just followed.

Although Enron's stock price ushered in a long-lost rebound last Friday, judging from the situation at the opening today, it still opened lower, which also shows that the market is not optimistic about the rebound of Enron's stock price. The rebound trend is very stable, and it has not changed the market's view on the direction of Enron's stock price.

Sure enough, when the final results of the call auction came out, the opening price of Enron stock today was 27.22 yuan, which was 0.41 yuan lower. After the market opened, Enron's stock price began to fall slowly, and soon fell below 27. The price of rice yuan.

Zheng Xiaopang certainly didn't pay attention to Enron's stock price trend during this period. After entering the trading room today, he was seriously reviewing Enron's stock price trend. Maybe he wanted to learn some suppression techniques, so he was very quiet and didn't say much.

The traders next to them are buying according to the tasks arranged by Lin Hong. They will continue to buy stocks today, but because there are too few stocks sold in the market, it is definitely not possible to build a large number of positions. It is possible, only as much as they can receive, and even if there are really a lot of stocks for them to buy, they probably won't dare to buy them.

This time it was just a short-term rebound operation, and it was not intended to go long. Chen Fan had already set the target price before, so of course he had to buy, but he had to buy appropriately.

In fact, last Friday, they already had 201 million shares when they raised the stock price and followed up. Today, it is just a matter of picking up some cheap chips, but Lin Hong has set 10 shares for everyone. Calculated in this way, after the close of trading today, the Enron stock he holds may exceed 250 million shares.

"You smashed all of these down?"

After watching for a long time, Zheng Xiaopang suddenly approached Chen Fan and asked in a low voice.

"Which paragraph?"

Chen Fan asked curiously.

Zheng Xiaopang asked, pointing to the trend last week. After all, although the stock price continued to fall in the previous trend, the decline was relatively normal, that is, the sharp drop last week was very conspicuous.

Chen Fan smiled and shook his head when he saw Zheng Xiaopang pointing at that market, "We didn't smash the market, it should be Enron's shareholders, or those investment institutions' own actions to reduce their positions. Of course, we are not totally ineffective. There's a little push."

Zheng Xiaopang frowned slightly when he heard the words, "Those organizations also know about Enron's problems?"

"It's hard to say."

Chen Fan hesitated before saying, "Actually, with regard to Enron, we can only be sure that there must be something wrong with the financial report they released. We don't know to what extent. It may be very small. It's just beautification.

Zhang Quan once said before that the U.S. regulatory authorities impose heavy penalties for publishing false financial reports, so it stands to reason that investors who invest in rice stocks may not have thought that there will be companies with financial fraud in the rice stock market. It is the biggest damage to Enron. "

"That is to say, except for the top management of Enron, everyone actually doesn't know what Enron is like? Everyone is betting?"

Zheng Xiaopang suddenly said, "How many of them escaped after such a ruthless killing? I remember that among the shareholders of Enron, there are many funds and investment institutions, as well as foreign-funded institutions, including Nanfang."

"That's why they are worried that Enron's problem is serious, so they have to frantically sell or sell after knowing that there is a problem."

Chen Fan smiled and told Zheng Xiaopang about the secret contact between Anran and their shareholders last weekend.

"I just said, why was the trend so weird last week? It's very different from your previous operations. It turns out that someone ran away."

After knowing the news of those contacts, it is not surprising to see the stock price plummeting last week. A gentleman does not stand under a dangerous wall, and the one who kills and falls first should be the winner, because the loss is the least in this game.

"Do you want to learn how to violently suppress and plan to use it in Maojian? Wake up, the two stocks are not the same thing at all."

Chen Fan glanced at Zheng Xiaopang and said in a low voice: "Enron has problems, and it is in the strictly regulated rice stock market, while Maojian has no problems, and the future will be even better. Deliver food.

Still according to what we said before, you can use some small means to create rumors or something to destroy the mentality of shareholders, and the rest can only be done by time, as long as you hold down Maojian shares, there will be no performance for a long time , Those shareholders will naturally lose confidence and ship to you. "

Zheng Xiaopang also nodded slightly when he heard Chen Fan's words.

After a period of correction, Enron's stock price finally completed its bottom at around 26.5 yuan. This is a standard double-bottom structure. Push back to around 26.5 meters, and then go back to explore again.

After two dips to 26.5 yuan, the stock price rebounded smoothly, and the bottom on the trend chart has been constructed. Lin Hong is learning about everyone's trading situation. Although the stock price has begun to rise, it is just like yesterday , and not too many off-market funds entered the market to buy, at least they think so, because when the buy orders enter the market, they are relatively concentrated and the buying volume is relatively large, and scattered small-stock buy orders are rare.

As for why Lin Hong asked about the situation instead of directly checking the trading data to understand the buying situation of the traders, Chen Fan probably understood from the conversation over there, and he was also listening to the traders' judgments on today's trend.

At the same time, in a luxuriously decorated trading room in Guangdong City in the south, there was also a gentle-looking young man with glasses talking on the phone.

"Mr. Mu, the answer given to us by the brokers in the United States is that apart from all kinds of negative news about Enron in the market, there is no information to confirm that Enron has serious problems. Judging from the current situation of Enron's stock lending market , some people are wantonly shorting Enron stock, so the interest rate of securities lending on Enron stock has been at a relatively high position recently."

The young man reported to the boss on the other end of the phone respectfully.

"Is there any news from other channels?"

A dignified question came from the microphone.

"It's all the news in the newspapers, and the gossip circulating in the market. They are all very alarmist and feel untrue. The relevant information was delivered to your desk last weekend."

The young man continued, "Although the news is true, judging from the trend, the short position in Enron's stock is indeed very strong. It is not yet clear whether the rebound trend at the end of last week will turn into a new round of market trends."

"Okay, don't move for now, wait for the market to clear up and then decide whether to increase or decrease positions. In addition, you can contact a few investigation companies to help me find out the situation of Enron Company. The situation has changed too fast in the past six months, which is a bit weird. , Find out whether it is a rumor created by short sellers deliberately shorting."

The majestic voice in the microphone sounded again, "Call me in time if you have any news."

The double-bottom trend on the Enron stock chart was very successful, and the rebound trend continued after the second bottom.

Although the rate of rise was not fast, when Enron's stock price was slowly pushed up to 28 yuan, the number of sell orders entering the market gradually increased. The sources of these sell orders were also very complicated. I always feel unsafe after repeated times, so I choose to make a profit and leave the market in advance, and more investors are investors who grit their teeth and admit defeat and leave the market.

Counting from the bottom of 24 yuan, Enron's stock price has now rebounded by 4 yuan, and if it continues to attack, it will face a pressure of 30 yuan. Judging from the previous repetitions of Enron's stock price, these people are not optimistic about the rebound. able to last.

After finally waiting for a rebound opportunity, of course I chose to leave the market on rallies, at least to lose part of my position.

The rebound trend continued until the end of the market. Enron's stock price closed at 29.28 yuan, which rose again by 1.65 yuan, or 5.97%.

The trend is similar to that of last weekend. Although the daily line entity is not long, the effect of the two consecutive days of rising trend is still obvious. At least in the late trading today, the buying orders on the Enron stock market have obviously begun to increase, and active buying orders, large and small, have begun to increase. Sweep the selling above.

From the density of these orders, Chen Fan can also guess that some investors should start to buy Enron stock. They believe that Enron stock price has a strong rebound momentum after half a year's decline, and there is still a lot of room for rebound. For a blue-chip stock, it is certainly worth investing in a gamble.

The market had already closed, and Zheng Xiaopang, who had packed his things, suddenly asked in a low voice, "How much room do you think Enron's stock price has to rebound?"

"35 yuan should be the limit. The main reason is that they don't know the source of the bottom-hunting funds. You know, they must know that Enron has problems when they enter the market now, but they still want to enter the market under such circumstances. I am a little suspicious of them. Do you know the inside story of Enron, so... In short, I can’t say, if it’s normal, if you come in to blog and rebound, 35 yuan is the limit.”

After thinking about it, Chen Fan said, "Actually, I still have another worry, that is, it is Kenneth, the president of Enron Company, who is buying the bottom right now. He sold a lot of stocks to cash out last year. , then we can only retreat.”

"Indeed, if major shareholders dare to enter the market to sweep up the goods, it will definitely have a great impact on the confidence of the market, especially now that the stock price has fallen so badly, there will be many people who follow the trend and buy."

Hearing Chen Fan's worry, Zheng Xiaopang nodded in agreement.

In the next two days, Enron's stock price trend was fairly stable, perhaps because it had risen by 5% for two consecutive days. Get ready to break through with one blow.

And on Thursday, sure enough, Enron’s stock price strengthened again. After consolidating for half an hour after the opening of the market, it broke through the 30-yuan mark in one fell swoop driven by the fast-entry buy orders, and then the stock price showed a sideways adjustment trend. , but the stock price did not fall below 30 yuan again during the adjustment process, but remained at this price.

After the selling orders in the market gradually decreased, Enron's stock price began to rise slowly, and gradually a standard upward and upward channel of shocks also appeared on the trend chart.

Enron's stock price was running in this upward channel throughout the day on Thursday, and the stock price was pushed up steadily, and the upward trend continued until the close. Enron's stock price closed at 31.29 yuan, a further increase of 5.78%.

In the trading room of Oaktree Capital, not even a single transaction was carried out throughout the day.

Today is Thursday. In the past few days, there have been short-term funds entering the market to gain a rebound, so Chen Fan and Lin Hong both guessed that the main force of this rebound may launch an upward attack today. For this reason, the main force is likely to adjust again, and let short-term funds leave the market by the way.

Sure enough, Enron's stock price trended very strongly after the market opened on Friday, and the stock price continued to rise, reaching a peak of 32.96 yuan. However, as the trading hours entered the second half, Enron's stock price began to pull back.

The weakening at the end of Friday seems to be in line with the previous judgments of other investors in the market. Except for some occasional large sales orders, the overall situation is relatively stable. The main force firmly controls the stock price trend, which is a pattern of repeated fluctuations and downward movements.

This trend continued until the close, and Enron's stock price closed at 31.69 yuan, an increase of 1.28%, ending the week's trading.

This week, Enron's stock price rebounded significantly, and it showed a clear reversal trend after the 29.9% plunge last week, and rose 14.69% for the whole week.

Of course, most investors in the market are still cautious about the rebound of Enron's stock price. Although this rebound has reached 50% of the decline, there are also obvious differences in the analysis of the market outlook for the rebound.

From the analysis report over the weekend, it can be seen that many analysis institutions still view Enron cautiously and do not recommend buying this stock, but suggest that the funds that have already entered the market can be held cautiously.

Many analysts believe that the company's stock price has been suppressed by short sellers before, and the stock price has fallen back to the investment value. The current stock price already has investment value, so it is strongly recommended to buy.

Of course, these analysis reports also mentioned various rumors in the previous market, reminding investors to carefully analyze the truth of these rumors.

When eating with Zheng Xiaopang on the weekend, Chen Fan showed Zheng Xiaopang the information that had just been printed out and sent by Zhang Quan.

It is worth mentioning that because Chaofan Investment established the headquarters of the Imperial Capital here in Baorun, Zheng Xiaopang has already bought a villa here for himself to live in. It was still being renovated before, and now he has moved in.

After all, it is a very good location to make my home here. After going to the company to do trading operations, I can walk home in about ten minutes. Moreover, I am still neighbors with Chen Fan.

(End of this chapter)