legendary trader

Chapter 331 332 Callback?

Being held back by Zheng Xiaopang and unable to leave, Chen Fan could only smile and said, "Look, doesn't today's board feel like it's going to be topped?"

"Yeah, there's nothing wrong with this one, and I jumped into the water at a new high." Zheng Xiaopang nodded and said.

"Since they are afraid that the market will go to the top, the main force must of course operate in the way of topping the market. It only takes two or three days to scare people out and continue to rise." Chen Fan patted Zheng Xiaopang on the shoulder with a smile, "Slow down!" Think slowly, if you understand it, you can become a teacher."

After the violent shock on Monday, Chen Fan and Zheng Xiaopang drank tea and chatted in the tea room of the resort on Tuesday afternoon.

"Have you read today's news and information? They are all blowing rice stocks, especially the Nasdaq market has reached a new high." Zheng Xiaopang looked at Chen Fan and said, "I don't know what will happen today."

"I didn't look at it, I guessed it." Chen Fan put down the teacup in his hand, "I think there are quite a few people who are short-sighted. It is impossible that no one noticed the diving at the closing session last night."

"Yeah, some people say that rice stocks are reaching the top, saying that it has been rising for a few years, and it is time to end the upward cycle and enter the adjustment period, especially when the central bank's interest rate policy changes. It is obvious that the bull market of rice stocks is over. The bear market is coming." Zheng Xiaopang shook his head and smiled, "According to your opinion, rice stocks will still be in a bull market at least next year?"

"The rice stock market has been really good for a few years, and it compares our stock market with the Europa stock market." Chen Fan laughed.

While the two were chatting leisurely, in the Jinxin Building in Shencheng, Qi Qinghua had just come out of the meeting room and returned to the office, followed by Ye Qinghua.

When the two returned to the office and sat down, Qi Qinghua asked, "Has Chaofan Investment not done much business recently?"

"Yes, Mr. Qi, Chaofan Investment's account has only maintained positions recently. They were all positions established after the completion of the market. After that, no transactions were made, and no positions were opened in the futures index." Ye Qinghua said.

"You have been in the industry for a long time, do you have anything to say about Manager Zhang's views today?" Qi Qinghua asked after thinking about it, "There were too many people in the previous conference room, so I couldn't say anything. You are How do you look at the recent U.S. stock market?"

Ye Qinghua thought for a while before saying: "Manager Zhang and the others think that the rice stock market may turn from bullish to bearish. From my personal point of view, I still agree with it. After all, it has been rising for several years, and there is no stock market that only goes up and doesn't go down."

"Then what do you think about the Chaofan investment account not moving? Judging from their operations, it should be that the rice stock market will continue to rise. They are holding stocks now." Qi Qinghua said with a frown. She was also very conflicted, and she didn't know why. She will pay so much attention to every move of Chaofan Investment, but during the turmoil half a year ago, Chaofan Investment did operate very beautifully. Now the investment decisions made by the company's research department and investment department seem to be completely contrary to Chaofan Investment's. She is a little worried .

Ye Qinghua also couldn't understand Chaofan Investment's operation ideas at all, so he had to say to Qi Qinghua: "Mr. Qi, I don't know the analysis of Chaofan Investment, so it's hard to judge. As far as that operation is concerned, they should be looking at rice stocks. It is very clear that the point of the market change can be accurately grasped several times, but”

"Say what comes to mind, don't worry about me." Qi Qinghua was a little dissatisfied, Ye Qinghua was still hesitating when talking to her.

"Okay, I have a general understanding of Chaofan's investment situation. I was wondering if they were lucky that time. You know, there is really such a thing as luck in the market. Some people are very capable but not lucky. In the end, they all lose money in the market. And some people can be said to be worthless, but they can make money in the market just by selling them casually.”

Qi Qinghua reached out his hand to signal Ye Qinghua to pause, "You mean that Chaofan invested six months ago because it was lucky? But what if they speculated on the Swiss franc, they managed to escape at the top."

Speaking of Swiss Franc, Ye Qinghua's face changed slightly, and a blush appeared on his fair and delicate face, "I forgot, I only thought about the stock market earlier."

Ye Qinghua recalled several investments made by Chaofan Investment, including rice stocks, gold, crude oil, and the Swiss franc recently operated. Finally, he seemed to grit his teeth and said: "Their direction is very accurate, and the timing of entry and exit can be said to be just right. From this point of view , I personally tend to be bullish on rice stocks in the market outlook.”

"What do you think from the bottom of your heart, bullish or bearish?" Qi Qinghua stared at Ye Qinghua and asked, she wanted to know what the veteran subordinate in front of her thought, and she didn't want her to be affected, it was just a personal judgment.

"Although I am not optimistic about the market outlook of rice stocks, Chaofan Investment is indeed a bit demonic. I have thought about it just now. If I have a sum of money in my hand, I will go long without hesitation. At least when Chaofan Investment does not have a large scale I will insist on going long before reducing my position." Ye Qinghua said as if he had made up his mind.

At this time, Qi Qinghua retracted his gaze, tapping his fingers on the table unconsciously, as if he was thinking about something.

The meeting just now was called temporarily by several directors of the company to discuss the operation strategy of the US stock market next year.

In fact, the company has already formulated a sound operating strategy before, which is to strategically buy more rice stocks. It believes that the market price of rice stocks next year is worth looking forward to, so several major shareholders of the company approved 20 billion rice stocks at the previous board meeting. The funds are given to the company's investment department, and they will consider participating in the investment in the rice stock market. This is the company's largest investment decision in recent years.

However, I did not expect that some time ago, many experts and scholars believed that there was a bubble in the US stock market, and that the fiscal policies of central banks in recent years should be changed, because the low interest rate policy did not effectively promote economic development, but instead contributed to the false prosperity of the financial market. , that is, bubble theory.

At that time, there were several discussions within Jinxin Company, but there were great differences, so no decision was made. Unexpectedly, several directors of the company came to the company suddenly today and called a temporary meeting to listen to them about the US stock market. investment advice.

At the meeting, the bear faction clearly had the upper hand. After all, most of the analysis and rumors in the market now support the bear faction. The bull faction was demoted to nothing at the meeting, except for the only reason to be bullish, which is the record high of the NASDAQ market in the United States this morning. In addition, there is no other reason to be bullish on rice stocks.

The most important thing is the diving trend at the end of this morning, which also greatly encouraged the bears. They believe that although the Nasdaq market of Mi Stocks hit a new high, it is actually at the end of its battle, and the market may have peaked. Time is all it takes to build the top, and there may be new highs, but there is not much chance, and we should consider withdrawing capital from the US stock market.

Qi Qinghua, who was born as an administrator, is not very clear about the battle between bull and bear, but she knows that this decision is a very important event for the company, and it is related to the company's performance next year.

Qi Qinghua doesn't have a deep understanding of the financial market, so she didn't put forward any opinions on the rice stock market next year, but she has a good habit, and she will listen carefully to the opinions of her subordinates. According to their opinions, Qi Qinghua generally understands In the current market situation, everything was fine at first, but she accidentally thought of Chaofan Investment's rice stock position.

According to Ye Qinghua's report to her, Chaofan Investment currently holds more than 10 billion yuan in stocks, and has not carried out any operations in the past six months. This situation cannot help her not to care.

But at the meeting at that time, it was definitely impossible for Qi Qinghua to ask Ye Qinghua directly, so he had to call her to his office to inquire about the situation after the meeting.

"That is to say, if you have a sum of money that can be used for investment, you would rather give up your own opinion and follow the operation of an institution that has been making money like Chaofan Investment?" Qi Qinghua retracted his thoughts and looked at Ye Qinghua and said.

"Yes, the financial market generally believes in the strong, and Chaofan Investment is currently of this type." Ye Qinghua replied without thinking this time.

Stop knocking on the table, Qi Qinghua nodded, said with a smile on his face: "That's it, I'll think about it."

"Okay, then I'll go back." Saying that, Ye Qinghua got up, said goodbye and left Qi Qinghua's office.

The office fell into silence, Qi Qinghua lay back on the chair and closed his eyes in thought.

At 9 o'clock in the evening, the rice stock market opened.

With the inertia, the Nasdaq market opened higher, opening 2144.22 points higher at 6 points, hitting a new high again.

But at the same time, the Dow Jones index and the S&P index opened lower. This is also the first time that the three major stock indexes have contradictory openings in the recent period.

The Nasdaq reached an intraday high of 2 points almost instantly after the opening of the market, and then began to drop wave after wave. Although the speed of decline was not fast, it was obvious that the market lacked the motivation to continue to rise, and it could only be recovered through continuous callbacks. Digest the incessant selling orders.

In fact, the selling order is not big, but the market continues to appear, but there is not enough buying orders to enter the market at the same time, and the comparison between long and short is obviously a bit unbalanced. Under this background, the Nasdaq market has seen a price drop decreasing trend.

"Oh, it looks like I can't stand it anymore, so we'll see if we can hold on to 2100." Zheng Xiaopang looked at the falling market trend and said, "You guessed it again, the market will use its weakness to show that the market is topping out. The illusion, the opening is actually the highest point, I rub it."

"I just hope that there will be no bald heads and bare feet in the market after the market closes today." Chen Fan just laughed. What else can he say at this time, and there is nothing he can say, let alone do anything. That is absolutely impossible. Now that the funds are large, we must learn how to manage positions and put safety first.

The Nasdaq index did not exceed Chen Fan's expectations throughout the day, and it was actually very similar to his thoughts. The intraday low reached 2105 points, then rebounded slightly, and finally closed tenaciously at 2120.98 points, only down 18 points, but It consolidated near 2110 points for nearly 3 hours, and the intraday trading volume enlarged from time to time, showing that there were funds to ship there, but the support below was very solid, and the Nasdaq did not fall to 2100 points.

It is worth noting that the increase in trading volume was in the first half of the time, and in the last two hours, the trading volume of the Nasdaq showed an extremely shrinking state in the sideways adjustment. This market feature caught Chen Fan's attention, but after telling Zheng After Xiaopang, Zheng Xiaopang obviously felt that it was normal. "The market didn't fall, so those who wanted to reduce their positions sold all their stocks, and the trading volume of course went down. If they continue to drop tomorrow, the selling orders will rush out."

"That is to say, you think the market is still a bit floating, but they still have a little confidence, so they are still insisting. If the market continues to fall and the confidence in holding shares is wiped out, the chips will come out?" Chen Fan felt a little unreasonable, Such floating chips exist at any time, and this cannot be cleaned. How can it be said so plainly, as if it is normal.

"Of course, if it continues to fall, you will see that there will be no shortage of selling orders." Zheng Xiaopang said calmly, as if Zhizhu was in his hands.

"Let's talk about it tonight. If it continues to fall, there will be nothing to watch in the short term." Chen Fan is noncommittal, but feels that if the market is now in an adjustment, then there will be no market in the short term. Do another thorough wash before starting.

In the afternoon, perhaps due to being paralyzed for a long time in the past few days, Chen Fan, a patient with lazy cancer, was finally dragged into the tennis court by Zheng Xiaopang.

The resort has very complete leisure and exercise facilities. In addition to the gymnasium and indoor and outdoor swimming pools, there are 4 tennis courts and 2 standard basketball courts. It is worth mentioning that there is also a small golf course here. The small 9-hole course is arranged in a small valley, but Chen Fan prefers to walk on the lawn of the course instead of playing golf. When Zheng Xiaopang laughed at his poor golf skills, Chen Fan said that it does not exist .

Randomly found a racket in the tennis room, followed Zheng Xiaopang to find an empty field, and the two started playing tennis.

Chen Fan doesn't like tennis very much, because he thinks the field of this game is too big. Unlike table tennis, which only needs to move within a few square meters, tennis needs to be played within a range of nearly 2 square meters, which is very good. Tired.

Soon, Chen Fan was eliminated cleanly by Zheng Xiaopang 6:0 in the first set, with a total of 31 balls, Chen Fan won 7, and Zheng Xiaopang directly killed him 24 times.

"You're running, it looks like I'm bullying you." Zheng Xiaopang yelled from the net.

"When will it snow? When it snows, you don't need to do outdoor activities." Chen Fan shook his head and said, "Didn't it mean that the imperial capital will snow in winter? It's already December."

Don't look at Zheng Xiaopang's chubby body, he looks very happy, but he is really athletic, whether it is basketball, tennis, football, he seems to be very talented, at least much better than Chen Fan.

"It's going to snow, maybe next month." Zheng Xiaopang lost the idea of ​​continuing to compete with Chen Fan after playing one game, and planned to find someone from among the traders to play two games.

Seeing Chen Fan looking at the surrounding mountains with great interest, Zheng Xiaopang came over and asked, "This is Yanshan Mountain, do you like it very much?"

"Fortunately, the place here is good, and the air here feels good when I wake up every day." Chen Fan said with a smile, shaking the tennis racket in his hand again, "I don't want to play anymore, I don't know how to play this, I'm completely abused by you."

"This resort belongs to Zhu Qiye. If you really like it, ask him if he wants to sell it. The location is sloppy. It only takes three hours to drive to the imperial capital. If we buy a helicopter. Forget it, the imperial capital is restricted to fly. It won't work anymore." Zheng Xiaopang said after thinking about it.

(End of this chapter)