legendary trader

400 Chapter 401 Disdain

"We still have 12 long positions in our hands, and now we are losing 37 points per lot." Zheng Xiaopang looked at Chen Fan who was sitting across from him and said, "At the beginning, we should have closed positions continuously, but now they are all in our hands."

"There are still two or three trading days. What are you in a hurry for?" Chen Fan thought from memory that the market would close at no less than 2400 points this week, but with three trading days left, he dared not Determine where the delivery point of the Nasdaq March contract will be.

The market performance is indeed not good now, and the final delivery point may be lower than 2400 points, but the March contract closed at 3 points in the early morning. He doesn’t think it will become a delivery point. .

"Hey" Zheng Xiaopang just sighed and didn't continue this topic, it's too late to say anything now.

Although Chen Fan felt that there was still a chance in the market, with only three days left, the time was too short, so he didn't plan to re-open the March contract, even if he had room, he didn't bother to gamble.

"The main job right now is to build a position on the June contract. That's all for the March contract. I don't want to work on that anymore." Chen Fan said lightly.

"Has Zhang Quan come to look for you?" Suddenly Zheng Xiaopang asked.

Chen Fan shook his head, "I haven't seen it since the early morning, probably not so soon."

"Now all hope is on him, I just want to see him happily rushing over to announce the good news." Zheng Xiaopang said with a grin.

"Didn't we analyze it, as long as the Americans are not stupid, they will definitely help Qualcomm. I guess the big guys over there should be waiting for Qualcomm to sit still and offer more benefits. The world is full of benefits. " Chen Fan said with a smile, "It's easy to let go, but why give it to you if you don't get the price."

"It should be still in the balance. Both sides are looking for a balance, a balance that everyone can accept, but it's coming soon. It seems that our entry point is quite accurate." Zheng Xiaopang nodded and continued to laugh. It seems that the Americans are not stupid, and they will definitely support Qualcomm's plan in the end, but they are just negotiating the distribution of benefits. Qualcomm cannot eat alone, and must share a portion of the cake.

When the two were chatting casually, suddenly a person came in from outside the tea room. Zheng Xiaopang was facing there, and he immediately saw that the person in charge of the intelligence room was Zhang Quan.

"Say Cao Cao Cao Cao is here." Zheng Xiaopang suddenly interrupted.

Chen Fan was stunned for a moment, then looked back and saw Zhang Quanzheng walking this way.

Although he did not participate in this transaction, Zhang Quan can actually guess many of the contents of this transaction through the work explained by Chen Fan and Zheng Xiaopang. For example, he suddenly asked to follow up on Qualcomm's recent activities in the United States. Judging, Chen Fan and the others must have made a big bet on Qualcomm stock. As for what to bet on, he, the intelligence leader, has already read so much information and probably guessed it. Therefore, the information he brought out is even more reliable targeted.

"Mr. Chen, Mr. Zheng, according to news from the United States, Peanutton seems to be persuaded by the Qualcomm people, but there are still internal discussions there. What we know now is that their government consultants are still in an emergency meeting to discuss. The time is uncertain, but it is certain that overnight The convening of this meeting must have been hinted by the people above, and it is necessary to come up with clear opinions." Zhang Quan handed the materials in his hand to Chen Fan and sat in the empty seat next to him.

Chen Fan glanced at the words on the paper, handed it to Zheng Xiaopang, smiled at Zhang Quan, and said, "Good job, this is the good news we are waiting for."

"Old Zhang, can the people over there be sure that their meeting is because of Qualcomm?" Zheng Xiaopang was not so optimistic, but asked this question, wanting to find out the truth and falsehood, so as not to be happy in vain.

"It should be that the relevant personnel met with the lobbyists after contacting the company, and then recruited people in the State Council. The possibility is very high." Zhang Quan hurriedly explained.

"That's good, at least now all signs point to Qualcomm." Zheng Xiaopang nodded and smiled, he was relieved.

The time soon came to 8 o'clock in the evening, and the news that Chen Fan and the others were waiting for had not been confirmed. At this time, they could only sit in the trading room and chat while watching the Nasdaq futures trend chart.

The Peanutton meeting was over a long time ago, but there was no way to find out the outcome of the meeting. Chen Fan could only arrange for people from Melami to pay close attention to the words and deeds of the representatives of the United States, and judge the result of the meeting based on this.

With the passage of time, the three major indexes of rice stocks opened today's opening point.

Yesterday, the three major stock markets all fell sharply, so there was no drastic change in the opening today. They all opened near the closing point of the previous trading day. The Nasdaq opened slightly higher by 4 points, opening at 2326.23 points, and the trading volume was basically flat.

Qualcomm’s share price was driven up by Zheng Xiaopang’s several large purchase orders at the close of the last trading day, which led to a gap at 5.19 today. It seems that these purchase orders have indeed attracted some capital attention for Qualcomm.

However, Chen Fan just smiled when he saw the opening price. They didn't have the ideas of these people, and it was impossible to raise it at the opening price.

However, after the market entered the free trading period, the Nasdaq quickly fell below 2320 points, falling below yesterday's intraday low, and then continued to bottom out without an immediate rebound.

It was very obvious that the market as a whole would continue to move downwards. Without Chen Fan and his group buying into the market to protect the market, Qualcomm's stock price began to fall rapidly following the pace of the market decline after being hit by those impulsive funds.

After the market opened today, Chen Fan did not arrange for He Li to enter the market immediately, but asked him to wait and see how the rice stock market goes, and judge how to operate Qualcomm's stock price according to the general trend.

Qualcomm's share price was quickly pulled up to 5.23 yuan and then began to fall. Without support, it quickly fell to 5.15 yuan. Maybe some funds that did not come in time to grab the opening order here, there is actually 5.15% of the purchase price of [-] yuan. , The existence of buy orders for [-] shares.

Qualcomm's stock price finally managed to withstand the first round of selling pressure after the market opened. The stock price fell here and started to trade sideways. However, it is obvious that there are very few buy orders at this position, and the pending orders are constantly smashed by the sell orders that are thrown out. Reduced to less than 5.15 shares, it seems that [-] yuan can no longer support the stock price.

"The selling orders are very scattered, and the agency didn't seem to make a move yesterday." Zheng Xiaopang looked at this for a while and then made a conclusion.

"It should be that some retail investors are selling, and it may be affected by the overall decline in the market." He Li added, "However, the buying orders at the opening were relatively large. I calculated that there were almost 27 shares. Tens of thousands of shares, that’s more than 30.”

"What do you want to say?" Chen Fan looked at He Li and asked.

"Boss Zheng swept away 30 shares of the other party with the few orders at the end of yesterday." He Li didn't hold back anything, and directly stated what he had observed.

"You mean the other party is covering their positions?" Zheng Xiaopang asked.

"It's possible." He Li replied blankly.

"They are out of stock, so they don't want to sell it. If we raise the price, will we be able to force them to chase the price and cover their positions?" Zheng Xiaopang asked suddenly, and he didn't know whether he was asking He Li or Chen Fan.

"This is pure nonsense." Chen Fan said directly.

"It's just boring, open your mind." Zheng Xiaopang got bored, and immediately changed the subject, "The Nasdaq has started to rebound, and the trading volume has also increased."

At this time, the Nasdaq began to rebound after falling to 2312 points, and the trading volume was slightly enlarged, but relatively small.

Qualcomm's stock price was not affected by the rebound of the Nasdaq. After falling below 5.15 yuan, the decline continued. It will have fallen to 5.13 yuan. Selling orders are still continuing, but they are relatively small and not concentrated, so the rate of decline is also slow. Not very fast.

"The gap has been filled, shouldn't it be time for us to rebound." Zheng Xiaopang said suddenly.

"Wait, as long as we don't hit 5 yuan and 5, we will hold back for the time being and see if that institution will cover up the position below." Chen Fan said suddenly.

"Why give them a chance to cover their positions?" Zheng Xiaopang immediately asked anxiously.

"I'm sure they want to cover their positions. Once the market stabilizes, we will push up the stock price and let them catch up at a high level to help us push up the stock price." Chen Fan replied.

"Then what if we don't cover the position?" Zheng Xiaopang asked back.

"Of course we entered the field to protect the plate, and we will eat some more by the way." Chen Fan smiled and didn't say anything more, he had already expressed his meaning clearly.

"Then eat some, anyway, you are bullish." Zheng Xiaopang continued.

"Wait, let's take a look. Our position is already scary, and it's easy to be noticed." Chen Fan shook his head and disagreed with Zheng Xiaopang.

"Yes, Mr. Chen is right. We have actually taken away [-]% of the stocks in the market. If we continue to buy in, it will easily affect the liquidity of the stocks. This will easily expose us." He Li also hurriedly said to Zheng Xiaopang.

The Nasdaq rebounded from the bottom to 2312 points. Although it was not strong enough, it was still very long-lasting. It oscillated all the way and slowly rose below 2320 points. It seemed that it wanted to continue to rebound upwards, but at this time the market began to appear again. Violent sell-offs, a large number of stocks were dumped, and the Nasdaq’s trading volume showed a trend of rapid and heavy decline. The upside that had only slowly climbed up in the previous ten minutes was eaten up in just one minute. After breaking the intraday low, it continued to slide downward.

Soon the 2310 point was also quickly broken through. During this period, the market bulls had no resistance, and the overall decline rate was not affected. It is just that there seemed to be more buy orders piled up below, and the trading volume increased rapidly during the rapid market decline.

Chen Fan noticed the rapidly drawn volume line. In fact, Chen Fan had already paid close attention to the trend of the Nasdaq due to the continuous capital inflow in the late morning.

Although the index is actually a collective withdrawal of the trend of a large number of individual stocks related to the index, a fall in the index means that most stocks are falling, and a rise in the index also means that most stocks are rising. There may be some stocks whose trading volume has begun to increase dramatically. It goes without saying that there are funds entering the market. As for the intention, you can roughly guess it by looking at the index.

The sudden increase in trading volume made Chen Fan feel that some kind of change was quietly happening in the market.

Since the bad news hit, the market has been falling all the way to the present. Although the intraday funds have fiercely resisted, it seems that the funds that really manipulate the market have never shown up, and they are well hidden.

The funds entering the market this time are also very mysterious. I just don’t know whether the market can bottom out here. If the market can successfully build a bottom after receiving this fund and start a rebound, then the source of this fund is Needless to say.

The Nasdaq index fell quickly. After reaching 2 points in the rapid heavy volume, the Nasdaq index finally stopped falling. Instead, the index began to rise slowly with the still continuously enlarged trading volume.

The intraday selling is still very fierce. The main large-cap stocks and popular stocks in the Nasdaq market are all under the active blow of continuous and huge selling. However, these stock prices did not continue to fall because of this, but continued to enter the market The buying orders gradually pushed up the stock price, and the Nasdaq index began to rise against the continuous selling orders.

Chen Fan checked the short-term indicators and found that the market's rebound seems to be relatively average this time. There is no violent rise in some stocks due to the attention of funds. It seems that everyone is rebounding at a similar speed, and there is no large-scale lead in the short term. rising stocks.

"The market has rebounded, but why does Qualcomm have no funds to enter the market?" Zheng Xiaopang said suddenly.

Chen Fan was stunned when he heard the words, and then turned his attention to Qualcomm's stock price. At this time, Qualcomm's stock price rose without capital injection even though the market as a whole had started to rebound. It was still suppressed at the price of 5.08 yuan. Thousands to tens of thousands of shares of sell orders are piled up at every selling price, as if they were abandoned by this stock of funds.

"If the funds entering the market this time are those funds, then we should have been noticed by them." If Chen Fan has realized something at this moment, is it still exposed?

But it's not surprising when you think about it. In the transaction a few days ago, Qualcomm stock had a little limelight. It would be strange if people didn't find out.

What made Chen Fan curious was how many Qualcomm shares this main force held, and they didn't intend to enter the market to absorb them. Don't they know about Qualcomm's opportunity?
As a foreigner can think of everything, they don't know?
Chen Fan didn't believe it, so the only explanation was that the other party might hold more stocks, so he dismissed the stocks that were still in circulation in the market.

Although the total share capital of Qualcomm is still very huge, more than one billion shares, most of these stocks are actually held by the major shareholders of those companies, and it is impossible to enter the market for circulation. Therefore, Chen Fan also invested in Chaofan Investment and The analysis departments of Oak Tree and Tianqin had to check the relevant data, and only started the operation after getting the data.

(End of this chapter)