legendary trader

Chapter 281 Chapter 280
Chen Fan, who was chatting with Zheng Xiaopang, was stunned for a moment when he heard what the trader surnamed Fang said, and soon came back to his senses.

"Are you planning to smash the market and lower the stock price to attract money?" Chen Fan also pondered over the feasibility of doing so in his mind.

It is true that there were relatively few active buy orders today, reflecting that investors began to calm down after the short-term excitement of the market last week. Most of them chose to wait for further news from the acquirer and the buyer, and then use this as a basis to guide the next investment.

After receiving an affirmative answer, Chen Fan frowned a little, "Where do you plan to suppress and start accumulating money?"

"I hope it can reach around 24. The specific price depends on the strength of the funds entering the market. If there is an influx of funds from outside the market, it should be pulled up immediately." The trader surnamed Fang replied while looking at Chen Fan.

"Are you directly creating a dive or a shock drop?" Chen Fan asked again. In fact, he already had the answer in his heart, but he still wanted to ask their opinions.

"Creating panic is definitely the best way to dive. We plan to dive first and break through 25 yuan to see the effect. If the effect is good, we will continue to dive."

After receiving the trader's answer, Chen Fan felt that the idea was good. Try to see how the market can withstand it. It is definitely not a bad thing to be able to pick up more bargaining chips at a low position. He simply nodded, "Do as you want."

Soon, Netscape's stock price fluctuated briefly above the closing price of the previous trading day, and the active selling orders entering the market broke the weak balance on the market. Obviously slow and the speed of selling orders entering the market, the stock price began to inevitably fall, and soon the stock price turned red.

After the stock price of Netscape turned red, the bulls in the market were still trying to launch a round of counterattack near the closing price, and the stock price of Netscape fluctuated violently around 25.6 yuan.

Seeing this, Chen Fan cheerfully whispered to Zheng Xiaopang: "See, this is an old trader who knows how to create resistance to attract money with ideas outside the market to enter the market at a high level."

"It's really powerful. According to me, it's enough to suppress the stock price regardless of it. I didn't expect it to be like this. It deliberately creates the illusion of resistance from the bulls, and tricks the bulls into entering the market at a high level. When the pressure goes down for a while, there will be no money to buy the bottom. Zheng Xiaopang nodded, and he was also seriously watching the trading of Netscape's stock market.

"Try to consume long funds, this method needs to be learned." Chen Fan nodded.

After oscillating briefly around 25.6 for a few minutes, as the buying orders entering the market gradually decreased, it is estimated that the two traders thought that the funds with ideas outside the market were almost consumed. Since the remaining funds did not enter the market during this period , that must be more cautious funds, and if you continue to fight here, you will not be able to attract any funds to end, so you decisively began to reduce the entry of buy orders and increase the amount of selling orders.

The two traders over there decisively changed the market, causing the market of Netscape stock to gradually turn around. From the market, it was obvious that short funds had the upper hand. Netscape's stock price began to fall inevitably, and the market would never see Large-scale initiative to pay.

As the stock price fell, the selling orders rushing into the market also gradually intensified, wantonly bombarding the few buying orders below, and these buying orders were obviously placed by Oaktree Capital, with the purpose of continuously taking in during the decline. Chips, to make up for the stocks that were sold at high positions.

Because of the limited selling orders at the beginning, the stock price of Netscape did not fall fast, but only slowly. However, as the stock price continued to decline, some investors who were optimistic about the stock price began to be cautious, especially after the market opened today. In the case of a significant reduction in funds, these investors also began to suspect that the strong performance in the previous trading day was probably due to the accidental behavior of the market. The sudden enthusiasm attracted a large number of purchase orders, not because the acquisition was widely favored by the market. And the inflow of rational funds.

After the weekend, the frenzy in the market has cooled down, and there are no longer such funds entering the market. Of course, the stock price can't hold it. Obviously, when the market was rushed on Friday, Netscape's stock price was overvalued, and the current stock price has not been sold by the market. recognition.

Gradually, the number of investors who were bearish on Netscape began to increase, and some stockholders who were still on the sidelines also began to change their attitudes, thinking that they chose to leave the market on rallies to take advantage of the current high stock price, and selling orders continued to increase.

Oaktree Capital has been effectively controlling the pending buy orders, and its pending orders have always shown an inverted triangle shape, that is, the lower the stock price, the fewer pending orders, and as the selling orders continue to increase, the buying orders are gradually decreasing. The rate of decline inevitably began to accelerate.

With the acceleration of Netscape's stock price decline, more stockholders began to become restless, and investors who could not stabilize their emotions began to join the selling team. The selling of stocks quickly expanded like a snowball, and the price of the selling orders no longer remained the same. Bit by bit, they hit the buying price below, but because they were worried that they would be taken away by others to buy the bill, some people began to jump two or three lower buying prices and smashed the bill.

Soon, Netscape's stock price fell below 25 yuan. During this period, there was no big buy order to enter the market to absorb it, which made Chen Fan and others breathe a sigh of relief.

The first adjustment of Netscape's stock price reached a minimum of 24.82 yuan. Because there were some buy orders placed by other funds below, the traders of Oaktree Capital paused and continued to suppress. Enter the market, and then decide whether to conduct a second round of suppression.

After all, there are some buy orders below. Obviously, some people think that this price is worth buying. If they continue to smash the market regardless, once the other party enters the market and builds a position, it will be a wedding dress for someone. This is not their original intention.

As a result, Netscape's stock price began to fluctuate up and down in the range of 24.9 to 25.1 yuan. Under the deliberate suppression, the fluctuation high point of Netscape's stock price was gradually reduced by them, giving the feeling of off-market funds that it was the strength of long-term funds on the market. It has been gradually consumed, so the mid-to-high point of the shock has moved down, and the market center of gravity has continued to decrease.

In the last 2 minutes of the planning shock, the stock price of Netscape couldn't even break through 25 yuan, and began to struggle below 25 yuan. Seeing that the selling orders continued to increase, many sell orders were placed on 25 yuan , Chen Fan felt a little itchy, and wanted to make an order and eat them in one bite.

But looking back, since the two traders over there have been in charge of the operation, it is better to just watch, and if the seller really intends to sell these sell orders, after the stock price is suppressed again, these sell orders will also be withdrawn and continue to trade. Hang out below.

Sure enough, Brother Fang and Brother Xu were both experienced traders. Seeing that there were many sell orders on the 25 yuan, they did not place a buy order to eat up all these chips. Instead, they saw the opportunity and started to sell again.

Continuously and fiercely smashing the market, all the buying orders above 24.5 yuan were smashed in one breath. As the selling orders increased again, the stock price fell rapidly, and the following selling orders also began to increase significantly, but the buying orders did not obvious change.

As a large number of panic orders began to enter and sell, Netscape's stock price quickly swept away their buy orders above 24 yuan, and the stock price quickly fell below 24 yuan.

Chen Fan and Zheng Xiaopang looked at them shorting Netscape's stock price with great interest, and they were also thinking about how they would operate in such a situation, feeling that they had learned some skills.

But soon Chen Fan and Zheng Xiaopang began to frown, because after Netscape's stock price fell below 24 yuan, the purchase orders in the market began to increase gradually. They can be sure that nearly half of these purchase orders are not They typed it out, but other investors linked it in.

Because of some panic orders, the stock price of Netscape dived directly from 24.9 yuan to around 23.6 yuan before stopping the decline. With the continuous entry of buy orders, the stock price gradually rose back to around 23.8 yuan.

During this period of time, the two traders over there kept typing on the keyboard, quickly entered one after another, and snatched the chips from the market. These were the spoils of their hard work, and no one wanted to Give up easily and be stolen by others.

Chen Fan used background data to roughly calculate that all the chips that were sold at high positions have been recovered, and hundreds of thousands of shares have been bought. It should be said that the action they proposed this time is considered to be succeeded.

According to the background transaction data, they currently use four accounts to enter the market to attract funds, one of which has carried out the operation of smashing the market, and the other three accounts are all net buyers. The total amount of Netscape stocks absorbed has exceeded 447 million Shares, the average purchase price is 20.35 yuan, and the consumption of funds is 9097 million yuan, which is close to their goal of attracting funds. They spent 1 million yuan to gamble on the rise of Netscape's stock, and the current market value of their holdings has reached 1 million yuan.

The next step is to continue to absorb the floating chips in the market and buy as many Netscape stocks as possible. Today's trading time is still very long, and perhaps the goal of costing 1 million yuan can be successfully achieved today.

Because there is a buying order below 24 meters, and the persistence of the buying order is also very strong, which shows that funds have begun to enter the market to collect chips. Absorb chips sideways near the yuan.

They will not do it if they take the initiative to raise funds again.

At present, because the acquisition negotiations are still in progress, neither MOL nor Netscape has issued any announcements. Although the market is optimistic about the negotiations between the two companies, any situation may It will happen, so there is no action to actively push up the stock price to attract funds, and the funds that plan to gamble at the high premium transaction all tacitly choose to absorb stocks in the market in a low-key manner.

This is of course a good thing for Chen Fan and the others. Chen Fan can see the existence of the stock price increase. Although he doesn't know the details of the talks between MOL and Netscape, he can roughly calculate this based on the stock price change. The price of the acquisition transaction.

According to Chen Fan's speculation based on the increase in the stock, Netscape's selling price may reach 38 billion to 40 billion. Of course, the premise of this price is that the acquisition negotiations will be completed within the next month. Such a hasty completion of billions of dollars Chen Fan felt that the transaction was unreal, so he also had doubts about this valuation.

It's not that I doubt whether the purchase price is too high, but that the purchase price is low.

If the acquisition negotiations are extended to two or three months, then the increase in the stock price he sees may not be the final transaction price. Maybe after a period of time, the brightness of Netscape stock will increase, so the stock price of Netscape stock will increase. will continue to rise.

Although judging from his inner analysis of the valuation of Netscape, the transaction price of 38 billion yuan can really be regarded as a sky-high price. If the final transaction price really breaks through the sky, it can only show that there is a lot of money behind this acquisition transaction. It's hard to say that there are really other unexplainable factors.

Although regarding this transaction, Chen Fan suspected something tricky in his heart, especially now that he knew about the changes in Netscape's stock price. With such a sky-high transaction, Chen Fan suspected that there was capital behind it that was manipulating it all.

Of course, all of the above are Chen Fan's guesses, there is no evidence to prove it, and he dare not say the so-called evidence, because if he says it, he will be taken to slice it for research.

As the stock price stabilized, the panic gradually subsided, and the trading of Netscape stock also began to gradually become stable.

Because there is no funds to take the initiative to drive up the stock price, the stock price of Netscape has gone out of the sideways trend at around 23.9 yuan most of the time, and occasionally there is some heavy volume, which should be within the normal range of the market, and there is no strong new capital entering the market to absorb stock.

Chen Fan will be very relieved, while Zheng Xiaopang, who has been silently watching the stock price trend of Netscape, and eating snacks by the way, will suddenly come over and ask in a low voice: "I say stock god, the stock price trend of Netscape is a bit strange recently. I haven't found the answer yet, can you explain it to me?"

"Ask if you don't understand anything." Chen Fan replied angrily.

"Recently, I haven't seen the funds you mentioned at the beginning being operated in the market. What happened? Could it be that the funds are lurking or do not exist at all?" Zheng Xiaopang said with a puzzled face.

Hearing Zheng Xiaopang's words, Chen Fan's heart skipped a beat, but he said without changing his face: "I'm also thinking about this matter, the price went up so much last trading day, but it's actually us who pushed up the stock price. The other follow-up funds are very scattered, not quite like the fund I have seen, I think that fund should have been lurking all the time without any action.”

"Then what do they mean?" Zheng Xiaopang continued to ask.

Chen Fan kept thinking about how to explain it in his mind, and finally he had a flash of inspiration, "I suspect that the funds are a mouse warehouse."

Chen Fan pretended to be mysterious and said, which surprised Zheng Xiaopang, "What do you mean?"

"Think about it. At that time, everyone in the market was extremely unfavorable to Netscape, but some people dared to take the order below. What was the price? It was definitely a bargaining chip in the low-price area." Chen Fan said solemnly, "I suspect that There may be some kind of connection between the stock capital and the senior management of America Online."

(End of this chapter)