legendary trader

Chapter 836 837 Misunderstanding
Chen Fan decided to ignore the matter of the Southern Investment Group, and concentrate on doing his own thing. As for whether he can dig a hole and bury the South, it should be regarded as an incidental bonus, not as the main task, and his operation should be passed. This focuses on shorting to make money.

At this time, on the Enron market, selling orders are still pouring in like a tide. Faced with so many selling orders, the main force can barely maintain the stock price, but the decline cannot be controlled, and it can only approach 21 yuan step by step.

Seeing such a situation, Chen Fan knew that it seemed that he didn't need to do it himself to smash through it.

But he thought this way, but Lin Hong on the side didn't think so, he asked Chen Fan in a low voice at this moment: "Mr. Chen, should we take a shot and smash the stock price to a low point?"

The traders in the room have not traded for a while, because the market situation has always been unclear, and the market itself has a downward momentum, so they have always followed Chen Fan's wishes and did not get involved in the market.

Now there are signs that the funds protecting the market may be Southern Investment Group. At this time, if you sell short, you can make a fortune from them. Even if you don’t do it yourself, others will sell stocks. It is better to take it yourself than to get it into someone else's pocket.

"No, let the market smash them through. Wait until 20 yuan to see the situation. If they can protect them, let's smash them again. I still hope that Enron's stock price can fall slowly. It's not good if it doesn't fall, it will fall soon Not good."

Chen Fan shook his head, he didn't agree with Lin Hong's opinion, he didn't care about such a small amount of money, he just wanted to hurt the killer at a critical moment.

They are watching the trend of Enron, and in the trading room of Guangdong City Southern Investment Group, the young man with glasses is also as big as a bucket at this time.

Discussed for a long time in the early morning, and in the end there was no good solution.

Because the current market situation does not have much room for manipulation, so the last thing they can think of is to protect the market as much as possible. It is best to stabilize the stock price at 21 yuan. They can gradually raise the bottom to complete the bottom structure, and then choose the opportunity to sell. Withdraw some funds.

If 21 yuan cannot be stabilized, take the initiative to smash the market, press the stock price to 20 yuan to build a double bottom, try to delay for two days, let the negative atmosphere in the market gradually dissipate, and then use the double bottom trend to pull up the stock price and choose an opportunity cash out.

In fact, these operations are already very conservative, but there is no way, because the space is too small.

And the way they chose is not too different from the graphics that Lin Hong thought of. After all, all paths lead to the same goal. The market only has a few moves. The rice yuan digested the current short-selling power in the market at a low level, and they pulled up after completing the shock at the low level.

However, it is also very difficult to operate in this way. If you don’t pay attention to it, the game may crash if the control is unstable. After all, today is different from the past, and they do not have enough funds for subsequent operations to protect the market.

Moreover, if the market continues to be smashed like this, it will be even more ugly on the books. Although the resistance to the sharp drop after the sharp drop will be much smaller, and the operation will be better, but considering the face of the company's senior management, they finally just wrote this at the end of the report. Suggested for upper level reference.

Although it was expected early on that today's selling orders might be very fierce, but now we actually find that it is a little bigger than imagined.

They have tried very hard to control the falling speed of the stock price, but there is nothing they can do in the face of surging sell orders. In fact, all the so-called trading skills are useless at this time. They can only stabilize the situation by using money and real money.

Seeing that Enron's stock price has fallen below 21.2 yuan, the young man with glasses shook his head, "Small it, enter the market at 20.6 yuan and start to protect the market, and strive for a soft road."

With the current speed of selling orders in the market, it has become very difficult to control the volatility at 21 yuan before, so he directly chose another plan, put down the stock price, and strive for a double-bottom pattern, which can save a little money.

The traders in the trading room nodded in agreement, and then began to suppress the stock price according to the predetermined plan to snatch the buy orders below.

Since it is going to be suppressed, the buying orders placed below must be withdrawn. Even if the orders are not withdrawn, they must be canceled by themselves. Funds, the stock price will fall anyway, so just sell it here and buy it at a lower price.

As a result, on Enron's market, the previous defensive trend suddenly changed completely, and more violent selling orders entered the market, quickly knocking out the buying orders below, and the trading volume increased rapidly, and the stock price was also suppressed by these selling orders. fast fall.

Before those investors who were lucky enough to place buy orders around 21 yuan had no time to react, Enron's stock price plunged slightly and directly won the orders they placed, and then the stock price continued to fall.

Before, these people wanted to look at the market. Although Enron's stock price continued to fall at that time, it still had funds to protect the market from the market, so the rate of decline was slower, so it was more resistant to falling.

Therefore, in their hearts, it is not impossible for Enron's stock price to bottom out at 21 yuan.

Now that I have this idea, I placed some buy orders above 21 yuan, hoping to try my luck and see if I can buy at the low point.

Even if the stock price is really unbearable and the market is not good, they can withdraw the order in time.

But I didn't expect that although the market trend was not good, Enron's stock price plunged decisively when it fell to 21.18 yuan. They resisted at the low point of 21 yuan. It can be said that they were tricked into it.

It must be too late to cancel the order now. Enron's stock price fell directly and quickly, and continued to decline after a huge amount of transactions near 21 yuan. Looking at the posture, it is rushing to the round number of 20 yuan.

"Diving? This banker can do it, he is decisive enough."

Lin Hong had been watching the changes in Enron's market in the trading room, and suddenly saw a large number of selling orders crazily thrown out. He quickly swept away the buy orders that could be seen below, and the stock price fell rapidly. After only a dozen sell orders, Enron's stock price fell below It reached the price of 21 yuan, and continued to sweep the few buying orders below.

"It was really decisive, and I didn't test the resistance of 21 yuan, because I couldn't bear it, unless I was very rich, and I was dying."

Chen Fan was talking a little joke, but he didn't care when he said it, but after he finished speaking, Chen Fan was a little dazed.

He didn't think too much about it before, and he said it casually, but after he said it, Chen Fan felt that it seemed really possible. It wasn't that Anran's banker didn't want to protect the market, but because he had no money?

The previous market transactions were quite active. To be honest, it is very difficult, almost impossible, to measure other people's positions.

There are some sayings that one-third or more of the total trading volume in a certain period of time may be the dealer's buying or selling chips, but Chen Fan, who has already manipulated stocks, knows that this time period is difficult to say.

If you use one day to calculate, there must be a large error, and the dealer cannot always trade and control the market all the time.

And sometimes when the market trading volume becomes larger and the stock price fluctuates sharply, you think it is the dealer's operation, but this may not be the case, at least he has encountered it.

When operating Qualcomm, from time to time when they did not make a move, Qualcomm's stock price fluctuated sharply. With the rapid increase in trading volume, these are some large households or small and medium-sized institutions who sell because they are optimistic or bearish. Enter or leave the market action.

So at this moment, Chen Fan knew that it was not reliable to measure the so-called banker's position.

Because the dealer's position cannot be measured, it is naturally impossible to calculate how much money the dealer has.

You don't even know the dealer's strength, how many stocks you have already got, how much you plan to buy, the average buying price, and how to calculate how much money the dealer has left.

Therefore, Chen Fan never thought about calculating the position of An Ran's banker, because it was impossible to calculate.

But although it can't be counted, it can be roughly guessed through some transactions of the dealer, that is, sufficient funds, tension or other things.

Judging from the sudden plunge of Enron's stock price this time, there was no real resistance to test 21 yuan. Chen Fan felt that the market makers operating Enron's stock may have limited funds and may even be nervous, so they did not protect the market at a low point. Take action, but dive decisively and sweep away the buy orders below.

With such an idea in mind, Chen Fan felt that when Enron's stock price fell by nearly 20 yuan, if he made a surprise attack and sold 1 or 2 million shares at a time, the stock price dealer would immediately abandon the bank.

Just kidding, it is said that it is 1 or 2 million shares, which does not seem to be many, but it is tens of millions of dollars of funds to undertake it.

Chen Fan made up his mind, wait until the time comes to see the situation, if the market's selling order really can't break through 20 yuan, then he will sell it himself.

This time, Enron's dive came very suddenly. After the stock price fell rapidly for more than a minute, it encountered resistance near 21.6 yuan. There were not many buying orders below, but there were active buying orders, although not many.

However, the emergence of active buying orders still caused a little change in the previous unilateral downward trend. When it fell down, it was pulled up by small buying orders at a critical moment. After repeated declines, the market's intention to resist the decline has gradually become apparent.

In the subsequent trend, the resistance of Enron's stock price became more and more obvious. Although the stock price continued to decline, it gradually showed repeated trends, especially after the stock price fell below 20.5 yuan, such shock resistance became more obvious.

The falling trend of the stock price also began to level off with the shock. In the second half of the transaction, Enron's stock price fluctuated around 20.4 yuan. The high point was around 20.5 yuan, and the low point was above 20.2 yuan.

The sideways trend of the stock price is also gradually digesting the market's selling orders. As the stock price stabilizes, funds have also begun to enter the market to buy low.

Before 21 yuan did not constitute resistance to save the stock price, but now it has fallen to 20 yuan. Some investors think that it may be possible here. After all, there are obvious signs of market protection by market makers. The integer mark of yuan is worth looking forward to.

In the second half of the transaction, Enron's stock price fell to around 20.2 million yuan several times. Lin Hong wanted to make a move, but Chen Fan rejected them all.

"Let them resist for a while today and consume some funds. Besides, we shot early, and they haven't consumed much funds yet."

At this time, they all regarded the funds entering the market to protect the market as belonging to Southern Investment Group, and did not consider other people at all, because no matter who is here to protect the market, they are their opponents. After all, they are short sellers. Enron's funds are the enemy, the enemy, of course I hope they die.

A dead enemy is a good enemy.

"Then let's control Enron's stock price around 20 yuan today?"

After understanding what Chen Fan meant, Lin Hong also felt that it was a good operation to let them take the offer at 20 yuan, and then make a sudden move when they felt that they had succeeded in defending the offer, the effect would indeed be better.

Now that we have such an idea, we must of course consider the actual operation. The rice stock market will close in a short time, and now we need to consider the closing price.

"Okay, if the stock price goes up, we will make a few orders and push the stock price down to close."

Chen Fan didn't veto this time, and agreed without hesitation.

As long as the closing price of Enron is not far from 20 yuan, the stock price will continue to fluctuate here after the market opens tomorrow. If you choose a time to suddenly sell the market, the effect will be better.

Enron's stock price fluctuated violently in the final stage. Whenever the intraday selling orders increased, Enron's stock price retracement resolutely, and once the selling orders decreased, Enron's stock price would naturally rebound. Although the height was limited, at least it looked like , the strength of the long and short is fairly balanced. If you don't consider today's decline, it seems that the long and short are still evenly matched.

However, 2 minutes before the market closed, Enron's buying orders did increase significantly. Facing the continuous selling orders, Enron's stock price began to rise tenaciously. Obviously, the dealer wanted to pull the tail and stabilize the unfavorable market.

Of course, they have no chance to complete this operation.

When Enron's stock price rebounded to 20.5 yuan, Lin Hong decisively arranged for people to start selling, and placed several sell orders in a row, smashing Enron's stock price again. In the end, Enron closed at 20.48 yuan, down 1.03 for the whole day The dollar fell by 4.79%.

Although the original plan was not realized today and the decline was not stopped at 21 yuan, but in terms of the current trend, the market makers still saw an opportunity. They had the opportunity to maintain Enron's stock price above 20 yuan to complete the bottom and Start the rebound offensive.

But what they didn't know was that not only was someone staring at them in a certain bustling city in the north, but also on the other side of the ocean, in a building on Wall Street in York City, Jim Chuck, the general manager of Knicks Joint Fund, North is also staring at the market trend of Enron.

Since the Knicks Fund shorted Enron stock at the beginning of the year, it has been very low-key and did not participate in the transaction too much, and did not release the news that they shorted Enron.

This experienced boss noticed some tricks of Anran Company early in the morning, and at the same time, he also discovered that there seemed to be a bigger hunter staring at Anran, waiting for an opportunity to make a move, and this was thanks to Chen Fan.

If he hadn't directly borrowed 4 million shares of Enron stock for short selling, maybe Jim would not have attached so much importance to Enron. He arranged for a special investigation and found that.
(End of this chapter)