legendary trader

Chapter 820
Chen Fan propped his left hand on the computer table again, rubbing his forehead and looking at the computer screen.

However, the eye-catching bypassing Chen Fan was a little dazed, there was no change at all, and the brightness seemed a bit dim compared to before.

As with the previous judgment, my ability did not give any hint that Enron's stock price would continue to rise. Is it necessary to adjust sideways here for a month?
Chen Fan thought of this in his heart, but now the enthusiasm of the market has been aroused. If the stock price can't rise after heavy volume, will the stock price still be stable in a month?

Impossible, most of the people who buy Enron stock now are short-term funds to bet on the rebound. Chen Fan doesn't believe that those institutional investors will build up large positions in Enron stock at this time. After all, the market rumors are still there, even if the number of entry will be very limited.

There may be many institutions investing moderately large amounts of money to buy Enron stock, but the amount of capital is small, and the corresponding stock price trend will become weaker, because there are no strong institutions to enter the market, and everyone is waiting for others to raise it. What is the stock price? upside.

Inadvertently, Chen Fan recalled the original arrangement, and began to sell those stocks slowly after the stock price broke through 34 yuan, and completed the liquidation operation at 35 yuan, only keeping the original 4 million shares in his hands.

The more Chen Fan thought about it, the more he felt that his original idea seemed to be more realistic. Enron's stock price would not rise for a month, and it seemed a bit fussy to let Lin Hong operate to cover the position.

It was all influenced by that analysis report. Although I did have some inconsiderations, the analysis report magnified this point, which made me make a judgment to cover my position just after seeing the analysis report.

In just 2 minutes, Chen Fan thought a lot. He didn't think that Enron's stock price would rise sharply, because the reminder given by the ability combined with the current market situation did not support the stock price's future rise at all. The best trend is a slight correction. A double bottom or something else.

Chen Fan suddenly had the idea of ​​wanting to give it a go. He began to think about how much shock the market would be if he dumped the nearly 35 million shares after the stock price exceeded 2 yuan, and whether it would push Enron up. The trend is broken.

Around 34 yuan, Enron's stock price continued to adjust for more than half an hour, and the market's trading volume inevitably began to decline during this process, gradually shrinking to a very low level.

Noticing the current change in the market, Chen Fan felt a sudden sudden change for no reason, maybe this is the signal to change the market.

Just when Chen Fan was still thinking about whether the stock price was going to rise again, a large number of selling orders suddenly appeared on Enron's market, which once again suppressed the stock price. Following the appearance of these selling orders, the stock price quickly approached 34 yuan, but the price below Buy orders have not changed significantly.

The drop in the stock price did not attract buyers into the market. This was what Chen Fan was thinking at this time, but in the next second, a large number of buyers also began to enter the market. Everything changed so quickly, just in an instant.

There were signs of heavy volume again on Enron's disk. A large number of active buy and sell orders began to collide around 34 yuan, and the shrinking trading volume expanded again. Everything showed that the transaction at this time was extraordinary.

What worried some investors because of the stock price drop due to selling orders did not happen. As more and more buying orders came in, the market became balanced again, and Enron's stock price slowly recovered.

However, the increase was not much, that is, after touching the new high of 34.2 yuan, the buying orders began to decrease, and the stock price slowly fell.

But this time the stock price has less corrections, and only a stop signal appeared around 34.16 yuan, because the buying orders entering the market surged again, and the stock price performance following this wave of buying orders entering the market seemed to have suddenly taken a small blue pill Apparently, the stock price started to rise again.

Seeing this, Chen Fan felt at ease. Everything seemed to be in his own judgment, and there was no unexpected trend. Under such circumstances, Chen Fan's idea of ​​concentrating on selling above 35 yuan became more firm. See if the funds this time can catch my sell order of nearly 2 million shares.

Chen Fan cheered himself up in his heart. Although he knew that the stock in his hand might not be able to shake the stock price, after all, today's market trading volume is scary. Now the trading volume in the opening hour has reached more than 6 million shares and close to 7 million. If such a large trading volume is maintained throughout the day, there must be a level of 4 to 5 million shares, which is a trading volume of more than one billion yuan.

Now it is in the bottom area, with such a large trading volume, how many follow-up buy orders will there be?
But the key point is that his ability has no hint of stock price rise at all, so Chen Fan is conflicted in his heart.

While he was still thinking about it, Enron's stock price had already broken through 34.5 yuan, and it continued to rise driven by buy orders. Tens of thousands of shares and hundreds of thousands of shares were continuously placed on the market, which greatly stimulated the sentiment in the market. .

These transactions are often several million yuan, which shows that big funds are buying Enron's stocks frantically at this time, which naturally drives a large number of retail investors to buy and follow up, and the short positions in the market are also refusing to give up an inch, and there are constantly a large number of selling orders. The market was short-selling frantically, preventing the stock price from continuing to rise.

However, all the actions of the short sellers are futile. At least in Chen Fan's view, the best way for the short sellers at this time is to retreat. The amount of funds entering the market is too large now, and it is not possible to suppress that few stocks.

Staring at the flashing offers, Chen Fan didn't know what to say to these talents, it was a waste of bullets.

But at this moment, Chen Fan suddenly had information from Zhang Quan's side flashed in Chen Fan's mind. It is said that there are several institutions in Enron's market that are short selling, but apart from his own side, the biggest short seller is controlled by Jim Chanos. Knicks Fund Company, but according to intelligence, their participation in short selling is not as much as their own.

I short-sold 60 million shares of Enron stock at a price of more than 4 yuan, while the other party sold at a higher price, above 70 yuan, but the amount was at most only [-] million shares, and there may be short-selling when the stock price is suppressed Operation, after all, it has fallen all the way, and Lin Hong also feels that someone in the market is like them, leading the stock price to fall.

Is it possible to sell a large number of Enron stocks at the current price without wantonly shorting at a high level before?
Chen Fan was a little confused, and couldn't figure out why there were so many short positions in the market.

After sorting it out slowly, another force that could sell so many stocks naturally appeared in Chen Fan's eyes.

It is those institutions that hold Enron stocks, and only they can sell so many stocks.

But now that the market is going well, shouldn't those people hold shares and wait for a while, even if they don't have an agreement with Enron, wouldn't it be good to wait for the stock price to rebound before selling?able to sell for a better price.

Thinking of the power that could sell so many stocks, Chen Fan was even more confused.

I can't figure out today's market trend at all. The source of the buy order is easy to understand. They are all investors who are bullish on Enron, but the source of the sell order is too strange.

"It's crazy."

The private discussions of traders came from the ear, Chen Fan withdrew his thoughts and looked at the computer screen. At this time, the buy order on Enron's market was even bigger. Maybe it was because of too many buy orders. At this time, the number of stocks bought and sold in the transaction details had skyrocketed. To more than [-] shares, huge amounts of funds are being traded every moment, and it has lasted for almost half a minute.

As for Enron's stock price, it happened to be around 35 yuan at this time, and the current trend should be a large-scale breakthrough.

Just as Chen Fan was thinking about this in his heart, he suddenly thought of his previous plan. Looking at the current transaction, the more than one hundred and two million stocks in his hand probably disappeared without any splash. With the current trading volume For example, it can prevent the stock price from rising for a few seconds.

Thinking of this, Chen Fan turned his head and glanced at Lin Hong and several other traders. At this moment, everyone was paying attention to the changes in Enron's board, so no one noticed him.

Chen Fan didn't want to change his plan anymore. At this time, Enron's stock price was violently increasing between 34.96 and 34.98 yuan, and a large number of buy and sell orders were changing hands rapidly. Although there were occasional big sell orders that dropped the stock price to 34.96 yuan, will immediately go back up.

The continuous big sell orders also showed fatigue at this time, and the selling orders on the market dropped sharply in a short period of time. Although they quickly increased again, Enron's stock price took advantage of this gap to go up to a higher level, and finally touched At 35 yuan, there are already orders sweeping the selling here.

Although the list does not seem large, although Enron's stock price is still 34.99 yuan in the transaction details, the highest price of Enron's stock price has already shown 35 million yuan.

There are hundreds of thousands of sell orders hanging here, and the current buying orders will obviously not be able to sweep up the stock price for a while, but as more and more buy orders come in, Anron's transaction details finally show a transaction order of 35 yuan. The number of orders to continue to sell has decreased significantly, and it is visible to the naked eye that a large number of sales orders are placed at 35 yuan and several prices thereafter.

Of course, those who sell stocks are not stupid. Seeing that someone is willing to pay a higher price, they will naturally not choose to sell at a lower price. Even if the price is only 1 cent, that is still money. At this time, they will naturally choose to hang on to a higher price. Waiting for a deal.

As the selling order retreated, the buying order finally stabilized below the price of 35 yuan, and at the same time, there were continuous buying orders starting to sweep the stocks above 35 yuan, although now it seems that the selling here is getting more and more buying.

When the buy orders placed on the purchase price below 35 yuan reached hundreds of thousands of shares, the number of people who continued to place buy orders here also began to decrease. With so many buy orders queuing up in front, it will have to wait until the year of the monkey to make a deal.

As a result, more and more buy orders began to take the initiative to sweep up the sell orders on the 35-meter yuan. At the same time, Chen Fan also noticed that the buy orders below showed signs of decreasing from time to time. Obviously, many buy orders began to withdraw and buy up, just to complete the transaction as soon as possible.

The stocks at the selling price of 35 yuan began to decrease. Although Chen Fan knew that there should be a lot of selling orders here, the newly added selling orders were obviously not as many as the active buying orders.

The trading volume continued to remain at a high level, and the buy order to wipe out 35 yuan quickly rose from a few thousand shares to tens of thousands of shares, and then increased to a dozen or 20 shares. In about half a minute, Enron's trading volume column went up again. He rushed a bit higher.

In just ten seconds or so, there were hundreds of thousands of buy orders sweeping the 35-meter yuan, directly sweeping away most of the selling orders on the selling price, and then the buying orders continued, returning to the previous position where the two armies were at 35 meters. The trading volume at the time of confrontation below the yuan.

And the stocks at the selling price of 35 yuan were also quietly wiped out, and Enron's stock price finally broke through 35 yuan. As the popularity increased, the buy orders began to expand upward.

Although the rising speed of the stock price has almost stagnated in the past few minutes, the huge trading volume has greatly stimulated intraday funds. More and more investors have issued buy orders and began to buy Enron stock. This blue chip stock .

In a luxuriously decorated trading room in Guangdong City, a young man wearing glasses was walking around, urging his traders to make big purchases in Enron stock. In their view, today is the prelude to Enron's stock price counterattack one day.

Although the Enron stock they invested in made a lot of money at one point, the higher-ups upgraded what was intended to be a speculative business to investment grade, which restricted their follow-up transactions. It didn't stop until Enron's stock price broke through 80 yuan.

According to the news from the boss, some say that the group company is planning other acquisition projects that require large sums of money, and all of them have begun to restrict investment transactions. Some also say that some of the company's overseas investment groups seem to be due to huge losses in technology stocks. , so the group company's funds were a bit stretched, so many trading projects were suspended.

Afterwards, although they had other trading projects in their hands, Enron's investment was still in their hands, and the higher authorities did not take it away, so they continued to follow the trend of Enron's stock, and at this time, Enron's stock seemed to be lost. As before, the previous intact upward trend was quickly destroyed, and the market began to fluctuate violently sideways. After that, there were continuous selling orders to smash the market.

At this time, in fact, according to the operating principles of these traders, they must speed up the withdrawal and cash out, but it is precisely that the trading authority of this stock is no longer in their hands.

The group company is too big. Although they reported the huge risk in Enron's stock price trend in time, this is Southern Group Company, a super large company with tens of billions of assets. Although this project is also very big, the bosses still There are more things to deal with.

In this way, after the above people convened traders and analysts for seminars from time to time, they still failed to come up with a trading plan in time, and missed the opportunity to escape in vain.

The Enron stock held by the company has long been locked up, the profits have been wiped out, and the dividends that were easy to get have also become illusory. It is impossible for the traders to have no grievances.

Fortunately, after the boss showed it to the top, Delai will still pay bonuses according to the income generated when they froze their trading authority, and everyone's mood improved. It was also because of this that they knew that the company actually had the idea of ​​​​investing in Enron at that time. , Even the bosses discussed the possibility of continuing to acquire Enron shares and sending people to the company's board of directors.

(End of this chapter)