legendary trader

Chapter 829 830 Reverse and Reverse

Zheng Xiaopang was not interested in going to Oak Capital at night, so Chen Fan just sat there for a while and left the company after a while of nonsense. Aware of deducting Chen Fan's wages for absenteeism, he also ran away, not only ran away, but also took Xie Xiaomeng downstairs.

"It's not like you don't know about the traffic jam in the imperial capital. Let's leave early so that there will be no traffic jam."

This is the reason Zheng Xiaopang gave Chen Fan, well, it is very realistic and powerful.

At around 8 o'clock in the evening, Chen Fan came to the trading room of Oak Capital. After briefly reading today's briefing, he sat and smoked a cigarette, waiting for the rice stocks to open.

At 9:27.22 p.m., of course, the rice stocks opened on time, and Enron’s stock price opened lower as expected. After opening at 27 yuan, it continued to decline, and quickly fell below [-] yuan.

Today is the day when the US Securities and Exchange Commission officially issues an investigation letter. I believe those institutions in the market should know the news. Although there may not be a serious blow, the market should fall for a while.

Chen Fan thought this way, but Enron's stock price continued to decline after falling below 27 million yuan, and soon approached 26.5 million yuan.

Today, the selling price after the opening of the market was relatively turbulent. In Chen Fan's view, this means that the funds who got the news were fleeing. Within 10 minutes after the opening of the market, the stock price dropped by almost 4 points, and it immediately went to 26 yuan. That's a drop of more than 5 and 6 points.

"According to the current decline method, Enron may have to test the low of 24 yuan today."

At this time, Lin Hong on the side suddenly whispered to Chen Fan.

"Uh-huh."

Chen Fan nodded, responding to Lin Hong's thoughts. He also felt the same way. Within half an hour of the opening, the stock price will fall below 26 yuan. It is estimated that when the news comes out, the stock price will already approach 25. If it breaks, it will hit The previous low point should be a normal operation.

The following trend was quite in line with their expectations. Enron's stock price fell below 26 yuan in more than half an hour after the opening of the market. At this price, the funds on the market did not resist very effectively. It is said that there is almost no large amount of buying orders entering the market to protect the market.

From this, Chen Fanpin came out. The buying orders that entered the market before are actually the main force of the crazy sell-offs now. Otherwise, it is impossible not to sell this stock of financial strength. After all, in terms of the current stock price, their entry cost has already been broken.

Of course, it is not ruled out that people have already run away when they are more than 30 yuan, but according to the observation during this period of time, this possibility is really unlikely.

Enron's stock price continued to fluctuate and fall. As the price of 25 yuan approached, Enron's intraday buy orders increased slightly, but the frequency of buy orders increased, but they were all small buy orders, which had little effect on stabilizing the stock price. This also shows that Among the funds that appear to be long, there are some small forces among them, and the powerful institutions have not entered the market, or they are not on the side of the long camp.

Enron's stock price has only been trading for less than two hours today, and the stock price has fallen by more than 2 yuan, and the drop has reached nearly 8 points. By this time, the motivation to continue to fall is no longer enough.

After all, such a big drop is enough for those funds that want to escape.

Intraday sales orders began to decrease significantly. Without these competitions for sales orders, the selling orders of institutions also began to weaken obviously. At this time, Enron's market finally showed signs of stabilizing.

For today's drop, Chen Fan is already very satisfied, there is still a lot of time to come, and it is only a matter of time before falling below 25 meters.

In fact, at this moment, he is discussing with Lin Hong what Lin Hong proposed before, "Since Enron's current market performance is so weak, should we enter the market and boldly go short, although the market can accept the amount of funds at this time It’s very limited, but after all, you can make a fortune more or less.”

"Small hundreds of thousands of shares, and the 25 yuan buy order may be directly collapsed, but this stock is a blue chip after all, so be cautious and be ready to close your position at any time."

After listening to Lin Hong's opinion, Chen Fan considered for a long time, and finally rejected the possibility of continuing to operate.

The previous buy order that entered the market may be an act of self-help by the shorts, but still, if the stock price really falls too hard, if it stimulates the real longs to enter the market, it seems a bit outweighed the gain.

You know, the Enron stock they short-sold before was 4 million shares. Even if they want to cover such a large number of shares, it will take at least half a month. During this period, Enron's stock price is controlled by the other party.

So far, Chen Fan is still very cautious, very worried about attracting powerful funds, and then he will be completely passive.

At this time, Zhang Quan walked into the trading room again.

Seeing Zhang Quan's eager expression at this time, Chen Fan knew that there must be something serious about Enron, but Chen Fan was very curious. Didn't it be agreed today that Enron would be investigated by the US Securities and Exchange Commission? Judging by Zhang Quan's expression, it seemed It has nothing to do with it.

After getting closer, I heard Zhang Quan say in a low voice and very fast: "The US SEC's previous proposal to require Enron to release the documents involved in the transactions that were questioned was rejected."

Hearing Zhang Quan's words, both Chen Fan and Lin Hong's eyes widened at the same time, with incredulous expressions on their faces.

"What's the matter?"

Chen Fan quickly realized, and then asked.

"I don't know yet. We can only say that Enron's influence seems to have exceeded our expectations. Previously, our analysts thought that their public relations in such a short period of time would be futile, but the meeting of the US Securities and Exchange Commission this morning In fact, several committee members who previously agreed to investigate have changed their positions, and we don’t know if this is the result of public relations or what.”

Zhang Quan hurriedly replied.

"There is something in the words, let's just finish it."

Chen Fan frowned slightly, and then said.

"Last night, Jeffrey, the executive officer of Enron, went to meet with President Bush. We don't know what he said specifically, so we don't know if there is any writing by this big man."

Zhang Quan then threw a bigger bomb, which made Chen Fan and Lin Hong a little confused. At this moment, Chen Fan wanted to remember that this Jeffrey had once joined Bush's campaign team. Making suggestions is not just as simple as Enron's money to help the election, it is really asking for money and people.

Moreover, the final ballots in the states with the greatest influence of Enron all voted for Bush, which meant that Enron was still behind the scenes to help him campaign for votes.

With such a large investment, it seems reasonable for Bush to help.

At this time, Chen Fan and Lin Hong's relaxed and contented expressions before were gone. At this moment, both of them were frowning, and their hearts were very nervous.

Since that person may have made a move, will there be follow-up actions to help Enron out of trouble?

Whether he can make a move is only a matter of thought, but it may be a disaster for Chen Fan.

Don't look at his current book profits are very considerable, but if that person really helps Enron to tide over the difficulties, there is no guarantee that there will be no US institutions to raise Enron's stock price, and those floating profits may really become floating profits by then. Instead of cashing in his pocket.

"Look it up, the CEO of Enron went to see Bush, why didn't I know?"

Chen Fan was a little flustered at the moment, but he continued to ask.

"I got the news before, and the people over there analyzed that it might be a private visit. You know, Jeffrey and Bush have a good personal relationship, and according to the US Constitution, the president should not intervene in these issues."

Zhang Quan hurriedly said, "Of course it's really strange that the positions of those committee members suddenly changed. It's just possible that that person exerted influence, but it's unclear exactly how it happened."

After listening to Zhang Quan's words, Chen Fan turned his head to look at the computer screen. At this time, the buying price of Enron's stock price around 25 yuan has been getting bigger and bigger, but there is no explosive growth in active buying. , it seems that Enron's disk is undergoing subtle changes at this time.

"Someone is already selling, do you want to increase your holdings at a low level?"

Chen Fan said casually.

I used to think that today's market is very stable, that is, it fell all the way after the opening, and ushered in a sharp drop after the last news came out, but I didn't expect that at this time, there would be a reverse plot.

But then, Chen Fan's heart skipped a beat, and he put his left hand on his forehead pretending to be very disappointed, while his eyes were fixed on the Enron stock chart.

Fortunately, there was only a faint light, and I didn't know when it appeared.

This level of brightness will not cause a big increase in the stock price. That is to say, this plot reversal does not seem to have fundamentally affected Enron's stock price trend.

However, due to countless failed verifications, Chen Fan is not too sure whether there will be an unexpected situation, that is, there will be a lot of money, and he will temporarily decide to enter the market to operate Enron and kill himself in it.

"This news will not be officially released."

At this moment, Lin Hong who was at the side suddenly asked.

"If it doesn't pass, it will naturally not be announced."

Zhang Quan understood Lin Hong's worries. In fact, he thought about it when he heard the news. If the established bad news did not come out, would it become an opportunity to reverse the trend of Enron's stock price? Start the quotes.

"Although it won't be announced to the public, gossip will still spread. There are already people spreading the news on the financial forums in the United States before the market. Today's opening price has dropped so much, and it is probably related to this rumor."

What Zhang Quan said next hit Lin Hong who had just adjusted his mood again.

As long as the news is not announced, then this bad news or the current good news will no longer exist, and the impact on the stock price will be negligible, although those institutions must know what happened.

The continuous decline in recent days, and even the accelerated decline was actually caused by this news.

Now that this news no longer exists, it is really hard to say whether these people will continue to drive down the stock price.

"There may be a small rebound, but it will not fundamentally affect the stock price trend."

Suddenly, Chen Fan spoke up.

Now he is completely at ease. These days, because he has a plan in mind, he has reduced the tracking of Enron's stock price, that is, he has not used his abilities to pay attention to Enron. The trend is really smooth, and he knows the bad news that will be announced soon. What else is there to worry about and focus on.

But now it seems that even if I am sure of the trend, I can't take it lightly.

"Mr. Chen means that the market will not rebound?"

Lin Hong asked in surprise.

"It's not very likely. If I were the main force and really wanted to do Enron, I would have already entered the market to sweep the goods at this time, and there are quite a lot of selling orders in the market now.

But they didn't do this, but started to place buying orders below, just closing the falling space of the stock price, which also indicates that they will only defend here, and will not seek an upward trend.

What does this mean?
They've turned down Enron stock completely, and the company's problems may be bigger than we think. "

Chen Fan said quickly.

Before, they believed that the market was in an environment that was not conducive to Enron because they believed that some big shots in the United States were going to take action against Enron, so this stock should have no chance to rebound.

But judging from the latest news just now, it's really hard to say what happened in the United States. Although Zhang Quan didn't give a precise answer, in Chen Fan's opinion, it's probably the person who made the move. To exert influence, otherwise, no matter how powerful the public relations company is, it should be difficult to get in touch with those committee members and lobby in such a short period of time.

In fact, Chen Fan was already confused again, he didn't know what would happen next.

First of all, if there is indeed a big shot to take over Enron, will he continue to target after the one in the White House?
This issue has a very big impact. At least for now, the White House supports Enron.

The second is the market. As far as the market details that Chen Fan has noticed, the institutions in the market don't want to go long. It seems that his previous worries are a bit silly.

Enron's stock price will not rise for the time being, that is to say, there is no institution to protect Enron's market.

A simple summary of the current situation is that after Enron received the support of the White House, it was still unable to stabilize the situation, because institutions in the market were not optimistic about it.

In the past, if it was said that because some Wall Street bigwigs took a fancy to Enron and wanted to take over the company, it would be convenient for colleagues in the same industry, but now, when there are official hints to support Enron, it is impossible for them to No shot.

No matter how high your boss status is, it can't affect the brothers below to make money, right?

But they didn't make a move, and they didn't make a move on this blue chip stock that has fallen by more than [-]%. The only explanation is that the company's problems may exceed Chen Fan's expectations.

Before Chen Fan asked about Enron's real financial situation several times, but he didn't get an answer. At this time, Chen Fan could only consider the worst situation.

Perhaps, by playing wrongly, he really shorted a so-called blue-chip company that is fake and powerful.

(End of this chapter)