legendary trader

Chapter 399 400 Red Tuesday
According to the news brought by Zhang Quan, although so far, representatives of all parties participating in the International Telecommunication Union meeting in Myramie have not expressed clear support for Qualcomm's proposal, but they are all perfunctory, without the slightest enthusiasm and Qualcomm. Discuss about the development of C-net technology.

However, another news brought by Zhang Quan made Chen Fan cheer. According to Peanutton's news, at least 3 very influential lobbying companies are employed by Qualcomm, and they are intensively carrying out public relations with relevant government departments and members of parliament. Work, although it seems that the results are not good now, but at least it is certain that Qualcomm has indeed spent a huge amount of money on government public relations, hoping to get support from the government in the development of C network technology.

Both Chen Fan and Zheng Xiaopang are very clear about the technical comparison between C-Net and G-Net. As a rising star, C-Net technology undoubtedly has huge technical advantages. However, the resulting technology maturity and equipment cost seriously restrict the development of the C network. If there is no government intervention, Qualcomm’s huge investment in the C network will definitely be beaten. Now it’s just peanuts Ton's attitude.

For the current situation, Chen Fan and the others must have no choice but to wait for the final result. Fortunately, the time will not be very long. Now the International Telecommunication Union Conference has come to an end and has entered the voting stage. There should be a vote in the last two days. The news will definitely not torture them.

However, Chen Fan has actually judged from this news that the short sellers of Qualcomm immediately stopped after smashing the stock price continuously. The other party should also have this idea. rough guesswork.

The short seller of Qualcomm actually wanted to short-sell Qualcomm’s stock price ahead of the market. It should take advantage of that week’s continuous suppression. When the main short sellers really started to attack the rice stock market, they used market panic to absorb Qualcomm’s stock at a low level. , followed by waiting for the result of the assembly.

But obviously, the first step of action failed, and the reason for the failure was of course the extra variable of oneself.

Chen Fan smacked his lips helplessly. Originally, we were supposed to be in the same group, but we became rivals by chance. If the news is bad, then we will still be popular with bayonets. But if the news is good, hehehe.
After being hit to 5.05 yuan, Qualcomm's stock price began to gradually rise as the short selling pressure weakened, driven by He Li's continuous buying orders into the market, but because it needed to absorb as much money as possible, the speed of pushing up was not fast.

At this time, the Nasdaq has been rubbed against the floor by the main force of the bears. In the end, the bulls in the field still failed to hold the line of defense. The Nasdaq was pressed to around 2330 points. Weakened, but with more funds flipped, it becomes stronger.

The trading volume in the market has not increased due to the weakening of the bulls, but there are already a large number of sell orders piled up on the selling price above the stock waiting to be traded. Fortunately, these funds do not want to cut prices for promotion, so the market is still maintained There is a certain amount of vitality of the bulls, but in fact it has been completely controlled by the bears.

A large number of selling orders are piled up on it, and the negative impact is also huge, which undoubtedly has a serious impact on the elasticity of the Nasdaq. Now the trend of the Nasdaq is almost a straight line, a straight line that has lost its vitality, and has no ability to fluctuate up and down.

In the holiday villa on the outskirts of the imperial capital, Chen Fan and Zheng Xiaopang stared at the trend charts of Nasdaq and Qualcomm, and only glanced at He Li who was working seriously from time to time. They felt that this person was quite capable, and took advantage of the weakening of the short-seller power to instigate Qualcomm's stock price. Rebound, now Qualcomm's stock price has regained its position at 5.1 yuan, but encountered resistance around 5.12 yuan, it seems that this is the line of defense set by the bears, and they do not intend to back down.

Most of today's trading hours have passed quietly, and the market is gradually coming to an end.

Qualcomm's stock price has always been suppressed by the short sellers in the market at around 5.1 yuan, and there is no chance of an upward attack. However, for Chen Fan, the trend of dark clouds overwhelming the top is very beneficial for them to absorb goods at the bottom.

However, after a long period of bottoming, some sensitive funds have stopped releasing goods, and there are fewer and fewer Qualcomm stocks in the market.

The Nasdaq still continued its trend of making new lows, but until now, there has been no trading volume, and the short-selling power has not been vented, and it has been holding back.

The market has fallen deeply today, and investors who want to sell stocks now can't bear to continue to cut prices, and the book losses are too great.

In the middle and late stages of today's trading, the Nasdaq did not resist almost the whole process. It was only when the Nasdaq fell below 2320 points that the trading volume increased significantly after bottoming out at 2319.96 points.

Regarding the bottoming out trend, Chen Fan had some guesses, but he wasn't very sure.

Driven by the slow entry of funds intervening at the bottom this time, the index rebounded only slightly in the second half of the trading period.

However, this fund is obviously not very aggressive. It just keeps the Nasdaq at a low level and does not continue to attack upwards.

Although judging from the subsequent trading volume, this stock is in a state of continuous inflow of funds, but it is only to maintain the index here, and because there are too many orders on the disk, the rebound of the Nasdaq appears to be weak at first, and eventually it will not It failed to touch 2330 points, and then continued to fluctuate and fall.

Qualcomm's short sellers also made a last-ditch effort in that market crackdown. They instigated other investors who wanted to ship goods to attack Qualcomm's price of 5 yuan. When the selling orders came out frantically, Zheng Xiaopang also had to place an order to maintain the stock price. Fortunately, this suppression should be the last effort of this organization. After Chen Fan and the others resisted desperately, they stopped the attack soon.

Qualcomm’s stock price still tenaciously supported the price after it dropped by 5.02 yuan. With the retreat of the main short sellers, the buying orders in the market quietly increased. pick up.

Chen Fan calculated their current positions, holding more than 4 million shares of Qualcomm, reaching 4521 million shares. This shareholding is still rising slowly as the stock price continues to rise.

Although the trading volume of Qualcomm stock has not yet closed today, it has released a recent high volume. So far, 4100 million shares have been traded, with a turnover of more than 2 million yuan.

In more than half an hour, Qualcomm's stock price was still around 5.09 yuan. Although the short sellers retreated, they did not leave enough room for the stock price to fluctuate. This time, the rebound from 5.02 yuan only rebounded to 5.11 yuan. Was sniped again.

The main purpose is to attract money, so Chen Fan instructed He Li not to fight fiercely there, and gradually let the stock price fall back. According to his idea, it would be good to make a strong pull up in the late trading stage, so as to give the funds in the market a reassurance. The main bulls are still there and have not surrendered.

"There is still more than half an hour to close. When will we counterattack?" Zheng Xiaopang asked suddenly from the side. Although he didn't know how many chips the short-selling agency in Qualcomm still had in hand at this time, it was obvious that the opponent had scruples. Now it seems that they will not continue to suppress, and Zheng Xiaopang seems to have guessed something due to the increasing small bills in the arena, so he asked.

"He Li, what do you think?" Chen Fan didn't answer Zheng Xiaopang's words directly, but threw the question to He Li.

After being called by name, He Li was thinking about how to answer, but he didn't have much time to think about it, so he could only simply say: "The time to fight back is not important, the important thing is our next plan, which is what to do tomorrow .”

The question was thrown back to Chen Fan, and Chen Fan just smiled, "Tomorrow the price will rise."

"How about the range?" He Li continued to ask, actually taking this time to think about how to make the order.

"Go back to the high position." Chen Fan continued to answer.

"Are you going to bet on peanuts?" Before He Li could speak, Zheng Xiaopang spoke.

Chen Fan nodded. He couldn't say that without his participation, Qualcomm's stock price would skyrocket, so there must be good news in the future, so he could only nod to express that he wanted to bet on Peanutton's choice to support Qualcomm, which would affect the current situation. Held by the International Telecommunication Union Conference and representatives from all parties.

"It stands to reason that we should support domestic enterprises to obtain communication technology standards, but forget it, you can gamble if you want, but the investment is only 2-3 million." Zheng Xiaopang can only express support, and now they are ready to launch. , With so many stocks in hand, even if it is bad news, it has to be pushed up to have a chance to ship.

"In this case, there are two opinions. One is to let the stock price close today, and after the market opens tomorrow, it will continue to fluctuate at a low level and then choose an opportunity to pull it up; the other is to pull it back to 5 yuan and 3, at least to destroy the current yin-enveloping graph. , making this top look less reliable, and it can also maintain the confidence of the bulls in the market." After getting the desired result, He Li quickly made two choices for Chen Fan and Zheng Xiaopang.

The first opinion is undoubtedly more conservative, but it is safe to win. The second opinion is that today we will fight again with the shorts in the market, but the trend of today's market will undoubtedly affect the confidence of shareholders. If you do, you will get a lot of chips, but the result may not be so good. Maybe you piss off your opponent, and you may die today, which is a bit risky.

Chen Fan thought about it for a while and decided, "Choose the first one, and collect money here, as much as you want, everything depends on tomorrow's market."

After more than half an hour, the market of rice stocks appeared to be turbulent. The Nasdaq finally closed at 2 points, down 322.84 points, or 73%.

At the end of the Qualcomm stock price, Zheng Xiaopang was a little greedy for the above orders. He scanned several orders in a row in the last minute, and finally closed at 1 yuan, which fell by 5.13 yuan throughout the day, or 0.35%. A very ugly figure with high dark clouds overwhelming the top, and the signs of peaking are very obvious.

What Zheng Xiaopang didn't know was that the few big buy orders he entered the market in the last minute made a guy who had been following the trend of Qualcomm's stock shine in his eyes, and he was extremely convinced of the information.
The Nasdaq plummeted again on Tuesday. Not only was it completely helpless to be beaten by the short sellers, but the index was far away from the 2400-point mark that was considered by the market to be a lifeline. Have the opportunity.

In particular, the Nasdaq futures directly fell below the 2300 mark in the second half of the leading stock market, which sent a message to all investors participating in the market. Although no one knows how the market will go in the last three days, but from the period In fact, you can also smell the strong short taste in the trend of the index.

However, because the news that rice stocks have peaked has been repeatedly hyped in the past few times, the results are not very good each time, so this time the news media chose to be reserved when following up and reporting on the rice stocks, and did not dare to be like before. The sensational headlines were so recklessly popped up several times to attract attention, but the actual situation of the market was reported more cautiously and objectively.

Although this time it is no longer a market drop caused by groundless rumours, but actually bad news.

But for stock analysts and economists who have been tested by the market, they understand the real lethality of these bad news. In fact, it has been three trading days since the news was released. Otherwise, the impact on the market is already weakening, maybe there will be a rebound tomorrow or even reverse back to the high level again.

Although, they think it is only possible, and the possibility is very small.

In short, although the market fell sharply, it was very unexpected that this time it did not become the main focus of the media. The media focused more on the impact of interest rate hikes on the real economy. There is no doubt that the interest rate hike in the United States may bring about major global economies. The whole body followed up on this possibility, and the real economy all raised their hands to oppose it. For those who have a large amount of loans in the bank like them, isn't raising interest rates stealing money from other people's pockets?

Vigorously smashing the stock market is nothing more than expressing dissatisfaction with the government's decision-making, while reporting negative news to the society to spread the economic situation that may become worse, hoping to gain the public's sympathy and thinking about their own interests , thus selecting but for the hike.

In fact, the news media in the past four or five days mainly reported the negative impact of interest rate hikes on the economy. The general public did not feel the interest rate hike at first, and many people even thought it was a good thing, because money stored in the bank can earn more interest.

However, when I saw the media gradually stripping away the impact of interest rate hikes, I started to hesitate. Although I have very few personal loans in banks, and I don’t feel deeply about interest rate hikes, those ordinary people in society who don’t feel safe have already begun to worry about the economic situation. Going bad may lead to a loss of income or even unemployment.

The negative impact of interest rate hikes began to magnify infinitely in the hands of the media, gradually affecting the bottom of the society.
(End of this chapter)