legendary trader

Chapter 831 Chapter 832
Enron's stock price still fluctuated around 25.9 yuan. It can be seen that intraday sell orders were continuously placed, and the stock price was under tremendous pressure.

Facing the huge selling pressure from above, although there were few buy orders below Enron, they were very resolute. When the stock price fell back to around 25.8 yuan, there would be buy orders to enter the market quickly, pushing the stock price back to above 25.9 yuan. Selling pressure then continued, causing the stock price to slowly fall.

Mr. Mu stared at the trading room for more than half an hour before he said to the young man with glasses, "It's time to enter the market, what do you think?"

It seems to be asking the other party's opinion, but the tone is full of affirmation, making it impossible to refuse.

The young man with glasses didn't stay here for too long this time, perhaps because he understood Mr. Mu's subtext, he just nodded slightly.

"Then let's start, contact me if there is a situation, I still have something to deal with."

As he spoke, Mr. Mu got up and walked outside while talking.

After watching Mr. Mu leave the trading room, the young man with glasses turned around and said to the group of traders in front of him: "You know, the boss doesn't listen to other words. From now on, enter the market in small quantities to collect money. Don't be too hasty." .”

"Why do you care so much? I've said everything I needed to say before, but the boss still thinks that it's just the bankers suppressing the money."

At this time, someone among the traders said aloud.

"It's a bit strange, but it stands to reason that Enron's stock price is more than that."

"Who knows, but judging from today's information, Enron is still very influential in the United States, otherwise how could such a big matter be settled."

The traders started chattering again. After all, there were no outsiders in the trading room at this moment. They were all acquaintances who had worked together for many years, so they had no scruples about speaking.

In fact, the group of traders has divided into two factions about whether they should continue to buy Enron's stock.

Optimistically, with the current influence shown by Enron, its own industry, and the recent continuous decline, even if the company really has problems, the risks have been resolved in the [-]% to [-]% decline. Now enter the market At that time.

As for those who are cautious, they believe that they should wait for the market to bottom out before entering the market at a low price, at least the efficiency of funds will be higher.

Now Enron's stock price trend is actually still in a state of decline. Although such a stock may have a large number of buy orders to rush into the market once it completes the bottom, it is safer to operate at this time, not after buying. Where is the reversal point of the stock price trend?

If it was in the past, these traders would not have thought about it this way. The company has money, even if the stock price does not lead to a reversal after entering the market with this little capital, then continue to spend money and continue to buy until it is bought. Come out of a reversal point, just enter the market strongly and sit on the bank.

But not now, the traders already know more or less that after the company’s aggressive acquisitions in recent years, the asset-liability ratio has risen sharply, and the funds are already a bit stretched.

And more than half of the acquisition projects did not bring good returns, at least not up to expectations.

Most of the remaining projects can only be said to be unsatisfactory, not outstanding, and can only be said to barely meet the standard.

Against such a background, and it is such a large investment project, traders all know the importance of this project.

In fact, many of the prudent factions are considering issues from the standpoint of the company. They believe that entering the market to attract funds now cannot make the capital utilization efficiency reach the best state, but they should wait until the market naturally bottoms out before entering the market. At least there will be no quilt situation. Although at that time, the cost may be higher, but safety is better than safety.

Well, now there is no need to divide into two or three factions, just trade according to the instructions.

As the trading room of the Southern Investment Group began to enter the market, the active buying orders on the Enron stock market began to increase obviously. Although their team leader has asked them to take it easy, don't go all out and sweep the goods just because the above asked them to open a position. .

For veteran traders, the current situation of Enron is weird, and there is nothing wrong with being cautious, but the superiors will not allow it.

No matter how they control the buying of stocks, Enron's buying orders on the market will inevitably increase.

Enron's stock price seemed more stable around 25.9 yuan, and it began to hit the 26-meter mark from time to time during the session.

However, the traders in the trading room here are still very professional. After seeing other investors entering the market and actively buying stocks, they will deliberately stabilize and stop placing the prepared buy orders in their hands, or directly place The buy order is attached to the bid price below.

Naturally, all investors who pay attention to the trend of Enron's stock price can see the changes in the disk, and Chen Fan can also see it here. However, entering a buyer will naturally have an impact on the trend of Enron's stock price.

"Although today's market is going well, there is no strong rise, but the funds entering the market seem to be more active than last week."

Lin Hong was chatting with Chen Fan in a low voice at the moment, and blurted out when he saw a little change in the board.

"The stock price shows signs of stabilization, and last Friday's closing price also rose, and it is normal to attract some buying orders."

Chen Fan looked at the Enron stock chart and said calmly.

For him, the amount of new funds is nothing more than slowing down the decline of Enron's stock price. Although this will affect the speed at which he makes money, there is no way to do it. He can't make an announcement saying that he is shorting.

No one else knows which green onion you count as.

"Then we should do nothing?"

Lin Hong suddenly said at this time, indeed, recently, their trading room has been completely on holiday. Although the traders still come on time every day, they just haven't carried out any trading operations.

"There is no need to enter the market. Going in and participating in the transaction at this time will easily expose yourself."

Chen Fan said lightly, "Let's wait and see what the group of people who sold the stock will do. I guess they will suppress it once there is a shortage of buying orders in the market. The reason why they don't suppress the price now is because the current market It’s not bad to pay in China.”

After hearing Chen Fan's words, Lin Hong nodded slightly.

Today's trading volume is still similar to that of the last few days of last week, which shows that the funds entering the market here are relatively active. If the other party really wants to ship, they will definitely stabilize here and sell some. When new buy orders enter the market, it will depress the stock price and use lower prices to attract a new batch of buy orders to enter the market.

In the next two days, Enron's stock price went sideways around 26 yuan, which seemed to have stopped falling and stabilized, but as the sideways market continued, signs of the stock price's inability to rise gradually emerged.

Generally speaking, stocks that have experienced a sharp decline should be followed by a wave of rebound after they stabilize.

But in Enron's case, the stock price stopped falling obviously, but the sell orders remained, and the stock price rebounded weakly. Although the support below seemed to be strong, these supports were not traded, they just hung there.

Under normal circumstances, such a trend can only show that the stock has not really stopped falling, because the short position has not disappeared, and the continuous selling is still suppressing the rebound of the stock price. This also shows that the stabilization of Enron's stock price is only a short-term phenomenon. There is also a decline.

As Enron's stock price went sideways, investors who saw through the market's appearance gradually began to increase, new funds entering the market obviously began to decrease, but selling orders began to increase.

For investors who pay attention to stocks, it is difficult to distinguish who is buying and who is selling.

But for the main seller, he doesn't need to pay attention to who bought the stocks he sold, but the stocks sold to the market every day can indeed be calculated.

The sell order of the day minus the part sold by myself is the stock sold by other investors. You only need to simply check the data to know.

Therefore, when they noticed that the selling orders in the market increased significantly on Wednesday, they knew that they could not continue to trade sideways here, and must continue to kill the stock price.

Although the stock price drop may lead to more selling orders, the falling stock price will also make more hesitant stocks choose to temporarily hold positions due to losses. At least in the case of Enron's fundamentals. It can be stabilized.

Therefore, after Enron's stock price fluctuated sideways for most of the time on Wednesday, it finally began to fluctuate and decline at the end of the day. As the lows were broken one by one, Enron's stock price fell to 25 yuan.

The stock price fell here again, and some investors in the market who have been paying attention to the stock market finally couldn't bear it anymore. When will it be the end to be suppressed by the short sellers?

They finally made up their minds and prepared to cut their flesh and leave.

25 yuan did not show the resistance trend that should appear under normal circumstances. Under the pressure of the rapidly increasing sell orders, Enron's stock price quickly fell below this point, especially as can be seen on the disk. At the price of 25 yuan, the selling orders surged. Facing the buying orders of hundreds of thousands of shares at the price of 25 yuan, they were almost instantly overwhelmed by crazy selling orders.

When the stock price fell below 25 yuan, it was visible to the naked eye that the selling orders here were still surging wildly.

The sudden appearance of a large number of sell orders startled all the funds that were entering the market. When Enron's stock price was falling slowly, some of these funds chose to speed up their entry, thinking whether they were buying the bottom.

However, after the stock price fell below the low point of 25.7 yuan on the platform, the selling orders did not restrain at all, and continued to suppress the stock price.

Looking at it now, the market seems to have returned to the trend of last week, and continuous selling orders have entered the market again to control the market.

Investors who had been worrying about such a trend before clapped their hands and laughed. Many people have already started to look for where is Enron's next support level?

Thinking about this price, should I enter the market to buy the bottom.

Enron’s stock price ushered in a small wave of selling after it fell below 25 yuan. The stock price experienced a wave of slight diving, and was directly smashed to around 24.4 yuan. Then it stabilized again, and the stock price only rebounded to 24.5 yuan. The sideways oscillating trend started again.

"I guess it won't be stable."

Seeing that the stock price stabilized again, Lin Hong shook his head and said.

"It should be a fluctuating and falling trend. I am really curious about how many chips the dealer has to sell. They have been selling for so long."

Chen Fan also nodded. He didn't know where he was talking before, until Enron's stock price fell below the platform low of 25.7 yuan, and both of them stopped talking at the same time, quietly watching the trend of Enron's stock price.

Now that Enron's stock price has fallen enough and has stabilized, it starts talking again.

"Those bought for 30 yuan, I guess I can only pretend to be dead, and wait until the stock price rebounds to go back to the day before we talk about the unraveling. As for the ones bought in the past two days, they may still be saved. Gritting your teeth, closing your eyes and wielding a knife to cut off."

At this moment, Chen Fan began to think about what trading strategy those investors who bought Enron's stock should choose.

Investors who bought at more than 30 yuan have a serious book loss at this moment, at least more than [-]% of the floating loss, and more than [-]% should account for the vast majority.

However, considering the crazy decline of Enron's stock price at that time, these people definitely had no chance to come out. The dealer didn't give them any time to think about it. There were only a few decisive possibilities. The loss can only become bigger and bigger, and in the end it is impossible to cut the meat.

"That's also my own choice. For stocks that are in a downward trend, if they fall by more than one percent, they should leave the market."

Lin Hong said on the side: "In the upward trend, if there is a sharp correction, you can wait and see to see if it is the main force washing the market."

"Maybe, we can wait until Enron's stock price falls below 20 yuan and then choose an opportunity to cover our positions."

At this moment, Chen Fan stared at the market trend of Enron and said.

Now Enron's stock price has risen to 24.6 yuan, but the rise has been a bit weak, and there is little room for further rise, but it is like this, if it really falls below 20 yuan as Chen Fan said, it will cost another [-]% The decline is quite severe, after all, it is a stock that has fallen sharply.

"Maybe, see if there is any new money coming in."

Lin Hong is also not optimistic about the trend of Enron's stock price. There are too many stocks in the hands of the main controllers, and it feels like they are completely clearing their positions regardless of cost. Otherwise, the 30 yuan should not have fallen, but should have continued to rise.

In fact, when Enron's stock price was 30 yuan before, Lin Hong still felt that it was necessary to enter the market to cover his position and ended the transaction. However, as the stock price continued to fall during this period, Lin Hong completely changed his position.

On Wednesday, Enron's stock price closed at 24.52 yuan, and it still failed to pull up in late trading.

However, the trend in the next two days continued to fall. They were right in their idle chatter. The rate of decline of Enron stock did slow down after that, from the previous rapid decline to a cloudy decline.

Although the selling orders on the daily disk seem to be small, at this time on the Enron disk, the selling orders piled up on the selling price above have been significantly reduced, but every day is in a downward trend. Although the decline is not large, the stock price is indeed constantly rising. With a steady decline, all the investors who bought were trapped, and there was no chance of making a profit at all.

The negative trend continued until Friday's close, and Enron's stock price closed at 23.68 yuan.

Although the market decline has narrowed significantly this week, the trading volume has also shrunk significantly, especially since the second half of Wednesday, the market trading volume has shrunk sharply.

Prices fell and volumes decreased, and the most dangerous trend was finally staged in Enron's trading.

(End of this chapter)