legendary trader

Chapter 832 833 Infighting?

Time has quietly entered September, and Enron's stock price continued to decline. Although it occasionally rebounded and closed in a positive line, the overall downward trend has not changed, and it is still declining.

The trend of continuous decline only ushered in a slight turning point after Enron's stock price approached 20 yuan.

When the stock price fell to 20.37 yuan, the active selling orders in the market began to decrease significantly, and more intraday selling orders began to become passive selling, that is, only when the stock price rebounded, some selling orders would appear.

Without the sell orders that continued to suppress the stock price, Enron's stock price finally began to retreat slightly after consolidating here for two days.

Perhaps investors who still have the courage to cut their flesh have already made a choice during the nearly one-month torment, either reluctantly selling, or choosing to resist to the end. During the rebound of Enron's stock price this time, the number of selling orders was significantly reduced. Although the purchase order was not large, it was only the shrinking rebound trend that was the least optimistic by the market, but just like that, Enron's stock price also successfully touched the price of 22 yuan.

With the adjustment of the two trading days, after Enron's stock price rebounded to 21 yuan, the stock price ushered in a wave of buy orders again. Under the circumstances, Enron's stock price experienced a rapid recovery trend.

Just now, Enron's stock price broke through 22 yuan in heavy volume, but it did not end, but continued to rise.

"Did we miss the opportunity to cover the position?"

Faced with such a trend, Chen Fan sat in front of the trading computer, frowning and thinking, inadvertently asked Lin Hong beside him.

When Enron's stock price fell to around 21 yuan before, Chen Fan had the urge to cover his position, but at that time there was no sign of capital entering the market. Of course, Chen Fan also hoped to cover his position when it was below 20 yuan. This kind of income will be greater, after all, no one will dislike earning more.

That's because Chen Fan set himself a price of less than 20 yuan to start covering the position, so he didn't choose to buy back the stock, although he already knew that Enron's stock price would rebound to around 23 yuan.

And when Enron's stock price bottomed out and rebounded, the changes in selling orders in the market gradually became clear. At this time, Chen Fan was a little bit behind the scenes, feeling that he seemed to have missed something.

Although these words were not uttered, Chen Fan had this feeling in his heart that he seemed to have made a mistake on the issue of making up, and he shouldn't want to continue to wait and see, although Enron had failed to rebound several times before.

In fact, the factor that affects Chen Fan's determination to buy back the stock is not whether the stock is bright, but whether his upside will continue.

Having learned from the previous lesson, Chen Fan now has to pay attention to the changes in the brightness of Enron's stock every day.

So when Enron's stock price fell below 23 yuan, he knew that Enron's stock price would rebound after the stock price fell this time.

However, the previous failed rebounds are not far away. If it is just a rebound and continues to fall here, what is the point of buying?
So although Chen Fan noticed that there were very few selling orders on Enron's market after the first rebound, he still did not choose to buy back the stock, because the brightness of Enron's stock has not increased after these few days , that is, the rebound height will reach its peak at 23 meters, and it will not continue to rebound upwards.

It was also because of this discovery that Chen Fan chose to continue waiting.

After all, it only rebounded to 22 meters, and it didn't even touch the edge of 23 meters, so there should be another wave of rebound in the future, and the change in the brightness of the stock is the most important thing. What Chen Fan needs now is time.

He needs time to verify the trend of Enron's stock price and provide a reference for him to choose to cover his position.

And now, although the brightness of Enron's stock has not increased, it is completely impossible to see that Enron's stock price will continue to rise, but on Enron's board, the power that once suppressed the bulls seems to have sold all the stocks in their hands. Looks like it hasn't appeared in a while.

Without the power to keep suppressing the stock price, Enron's stock price will lose its momentum to fall. Looking at the current market, although it is impossible to reach 23 yuan and continue to rise, it is still possible to build a bottom in a sideways market at an unknown time.

Chen Fan was very hesitant, whether he should start the operation of buying back stocks with a small order.

Enron's stock price will not go up in a short period of time, but there are only so many tradable stocks in the market now. Judging from the funds that have entered the market these two times, it seems that many people are still optimistic about Enron's stock. If such funds continue to flow into the market, lock in If the stock price is low, then when the stock price really starts to show signs of rising, you can buy the stock back by yourself.
Chen Fan was a little reluctant to continue thinking about it, he had to make a choice.

In a short period of time, Chen Fan thought a lot, and Lin Hong beside him also made his own response.

"The buying momentum in the market is very weak now, and the market trend is very strong now, more because of the disappearance of selling orders, their stocks were taken away.

Unless there is continuous inflow of funds, it will be very difficult for Enron's stock price to rise. It has fallen all the way, and so many funds have been locked up, especially during this period of negative decline. The funds entering the market will soon be released. When the time comes Their choice is the key to determining the future direction of this stock.

Wait and see for a while, whether the 23-meter yuan can stand firm, and whether the bottom-hunting funds can be liberated is the key. "

Lin Hong talked a lot, but Chen Fan heard it. Lin Hong feels that the current trend of Enron does not mean that the rise can continue, unless the funds entering the market can withstand the pressure of the latest batch of locked-up unwinding, and can increase the stock price. Only by staying on the top can it be considered a successful bottoming.

Chen Fan is really not sure whether the stock price can be stabilized at 23 yuan. After all, the second wave of rising has just started. It has just broken through 22 yuan. According to the ability to see, Enron's stock price can touch 23 yuan. Yuan, there will be no upside in the future.

"Then wait a little longer."

Because he didn't know the final trend, Chen Fan couldn't be sure, so he could only talk perfunctorily.

However, Lin Hong's words really reminded him.

In the downward trend of the past few weeks, Enron has short-traded a group of funds in the market. Whether these funds will get out of the trap at this time and leave the market is really critical.

After all, they have been locked up for a long time and the range is very shallow. Normally, even if Enron's stock price rises, they should not be in a hurry to escape.

So from this point of view, the rebound of Enron's stock price should be able to continue to expand its space upwards, but the upside of Enron I saw is very limited. Combined with the trend of today's rush from 21 yuan, it seems very abnormal Woke up.

At this moment, there was a knock on the trading room door.

"Come in", Chen Fan said and looked back, it was Zhang Quan.

Seeing Zhang Quan's expression, Chen Fan knew that the news should not be very important or urgent, but when someone came, there must be news to pass on.

After Zhang Quan approached and sat next to Chen Fan, he whispered, "Mr. Chen, just received the news that Jeffrey Skilling announced his resignation as Enron's CEO."

"Ok?"

Chen Fan turned his head and looked over in wonder, a little surprised that at this moment, is there still internal strife among the top management of Enron?

You must know that during his tenure as Enron's CEO, Jeffrey won the title of "the most outstanding CEO" in the United States for two consecutive years, which is not just an affirmation of his management ability.

Before, Chen Fan always believed that Jeffrey seemed to manage the Enron Company perfectly, balancing the factional struggles within the company.

By now, Chen Fan already knows that many companies are often divided into several factions. To outsiders, they seem to be a group of people, but in fact they have often been fighting openly and secretly for a long time.

Can be considered the best CEO, Jeffrey should be able to suppress and balance Enron's internal power struggle, but now that Enron is clearly in turmoil, how could he resign?
"why?"

But at this time, Chen Fan only asked this sentence, and he felt that Zhang Quan should be able to give him the answer he wanted.

Zhang Quan shook his head, "The time is too short. I don't know what happened inside Enron. I haven't received any information about whether I was forced to resign or voluntarily resigned."

"Didn't someone in Enron make a memorandum before, wouldn't it be because of this thing that Jeffrey resigned?"

Without getting an answer from Zhang Quan, Chen Fan suddenly remembered that he had seen such a message before, that someone in the senior management of Enron Company seemed to be dissatisfied with Jeffrey, so he directly made a document and handed it to the company president.

"Sharon Watkins, he is the vice president of Enron Corporation."

Zhang Quan timely said the name and position of the person that Chen Fan did not remember.

"Yes, this is the person. Do you think it is the result of the power struggle within Enron?"

Chen Fan continued to ask, there is no definite answer, but it is still possible to analyze it based on some details, and Zhang Quan is the No. 1 person who has access to the information, and his analysis and analysis ability for these news should also be very strong.

"It's hard to say. Judging from the current situation of Enron, I am more willing to believe that he wants to get out of the trap and jump out of the huge trap of Enron."

Zhang Quan thought for a while before he said: "According to the recent news, the people in the senior office of Enron Company seem to be fluctuating. Under such an environment, I don't think their senior management will still compete for this position. Now who? I don’t want to sit in that position.”

"Get out of the pit? Can you run away?"

Chen Fan was surprised.

Zhang Quan shook his head, "I don't know, at least I don't think anyone is willing to take over the company now. The new CEO of Enron is Kenneth, and it can be seen that the president of Enron is concurrently serving as the president."

Hearing Zhang Quan's completion of the news, Jeffrey's resigned position was concurrently held by the company's president, so Chen Fan was a little biased towards Zhang Quan's opinion. At this time, that position is a crater, and it is indeed not a good place to stay.

"I remember that Enron's senior management holds a lot of Enron's stock. Before that, many of them sold a lot of stock. If Enron's fraudulent accounting is true, none of them will be able to escape."

Lin Hong on the side naturally heard all of their conversations, and suddenly interrupted at this moment.

It was at this time that the stock price of Enron stock, which had been rising all the way, had already touched 22.96 yuan, and was about to break through 23 yuan. At this time, countless small and medium-sized sell orders on the market suddenly increased wildly, hardening the stock price of Enron, which seemed to be brewing to continue to break through. Life was suppressed.

The rising trend of Enron's stock price was suppressed, and the stock price began to fall.

"The news spread, and the investors are probably frightened, thinking that something happened inside Enron, ha ha."

Seeing the sudden change in the board, Lin Hong reacted after being a little dazed, and said with a smile.

"The confidence of shareholders is not stable?"

Chen Fan asked back.

"Look now, yes."

Lin Hong replied: "Under normal circumstances, the stock market will respond to changes in the company's top management. For bad managers, the stock price will rise, and Jeffrey's evaluation in the United States is good. He resigned. It is not an exaggeration to say that the already fragile confidence has made up for it, and it is not an exaggeration to say that it has made the situation worse, the people in An Ran will not be unaware, but there is a high probability that it was his own initiative, maybe he just wanted to escape."

Hearing Lin Hong's words, Chen Fan nodded slightly. He was almost certain that the possibility of internal strife in An Ran that he had guessed before was very small. If there was a high-level change at this time, those people would not be ignorant of the consequences.

But things still happened. It can only be said that it is very likely that Jeffrey was eager to jump off the ship and escape. As for whether he can really run away, he probably has no scruples.

And doing so, in fact, also confirmed from the side that Enron's problems are not small.

"How could this be?"

At this time, in the trading room of the Southern Investment Group, the young man with glasses was also holding a document that had just been sent in his hand, which contained information on the high-level change of Enron Company.

It should be said that Jeffrey's resignation was very sudden, without any warning beforehand, so almost all investors in the market got the news at the same time, that is, the difference between the front and the back.

At this time, the changes on the disk are also fully reflected, and the selling orders continue to enter and sell.

"Sell it, I'll call Mr. Mu right away and tell him to do it right away." The young man with glasses took out his cell phone and prepared to dial it.

"Boss"

"Head."

Several traders turned their heads when they heard what the young man in glasses said. They seemed to want to stop them, but they were all interrupted by the young man with glasses waving his hands, and said before the phone was connected: "First, pay attention to the 22 yuan. I'll talk to Mr. Mu here."

Soon, the call was connected. Of course, Mr. Mu is not working in the company at this time. At this time, he is either resting at home or socializing outside.

However, there was no noise in the microphone, and it seemed very quiet. The young man with glasses knew that Mr. Mu should be resting at home at this time.

Without hesitation, he hurriedly told Mr. Mu the latest news he got.

The remaining funds of more than 2 million yuan have already been invested in the market, and a batch of funds have been raised from various channels, but not all of them are in place yet.

Although only more than 2 million yuan has been credited, that is to say, the continuous buying of this money has stabilized Enron's stock price above 20 yuan, and there will be a continuous rebound trend, but from the current point of view, the difficulty of subsequent operations is increasing.

(End of this chapter)