legendary trader

Chapter 423 424 Bounce (Thanks to all readers, thanks to all friends who rewarded monthly and recommended tickets)

Chen Fan and Liu Ying chatted casually in the car, from work to life, from the car to home, from the study to the bedroom
On Thursday morning, Chen Fan got up early, and after the family had breakfast, Chen Fan went into the study to check the trend chart of rice stocks last night.

Last night, the Nasdaq index reached 2596 points and then experienced a sharp correction. It closed at 2544.43 points, a slight drop of more than ten points.

Qualcomm's stock was severely suppressed by He Li and the others. The stock price was suppressed from 9.19 yuan to 8.12 yuan at one time, and closed at 8.66 yuan, a drop of 5.04% on the day. The 5780 million yuan was enlarged to 8475 million yuan.

Seeing the tragic trend of Qualcomm and the cumulative turnover of more than 1000 million yuan in two days, even without considering how much chips He Li and the others lost, the total stock is only more than [-] million shares. It seems that there is still adjustment to be made, but I don’t know Now that the stock price has fallen, He Li said whether the rebound will start tonight or tomorrow night.

After watching the trend of rice stocks, Chen Fan continued to look at the trend of the domestic Shenzheng stock market, which continued to rise at the beginning of the year and continued to climb, while the stock price of Bodao shares he was concerned about was still trading sideways below 30 yuan. It looks like shipments, a high platform, and the transaction volume is also shrinking continuously.

The time passed unknowingly watching the market, and until the Shenzheng stock market closed, there was no sign of Bodao shares going to change and strengthen.

"Really patient." Chen Fan thought to himself, he must be aiming at the stocks held by Chaofan Investment. After all, the number is not small, and others must be afraid of being smashed if they raise the price.

Chen Fan couldn't think of a good way to lower the other party's vigilance. Even if he wanted to find a few accounts to exchange positions for Chaofan Investment's holdings, he didn't dare to do it now. He was worried that someone would rob him halfway, so he could only be more patient. .

Unknowingly, at night, Chen Fan left home after dinner and went back to the resort.

Walking into the trading room, greeted several people in the room, Chen Fan sat down in his seat, and heard that He Li was going to report on trading suggestions for tonight.

Chen Fan waved his hand to stop He Li, "Just follow your ideas. I hope to increase the transaction volume as much as possible. I want to change hands to increase the cost of holding shares in the market."

He Li nodded when he heard the words, and didn't continue to say anything. He turned around and continued to prepare for today's opening.

Chen Fan began to pay attention to the trend of the futures index market. In recent days, the rice stock market has been in a state of continuous small rise. The Nasdaq index once approached 2600 points in the intraday session, causing the futures indexes of the three major indexes to go out. Far exceeding the rise of the underlying stock market, the Nasdaq’s June contract point has soared to the current 6 points. Even if there was a certain correction in yesterday’s session, the futures index market did not respond.

After the opening of the market today, the futures index also maintained the trend of the previous few days and rose slowly, constantly hitting new highs.

"The June contract has already got 6 lots. Let's see if we should pause for a while. The underlying stock market has not gone out of the market, and I still feel uneasy." Zheng Xiaopang on the side came over and whispered, "Aren't you also a little pessimistic? Is the rice stock market this year? Is our position properly closed? "

Chen Fan just nodded silently when he heard the words. Up to now, the brightness of the Nasdaq is indeed very weak, and it has not brightened significantly. Obviously, at least in early May, the Nasdaq did not have much increase. Now the June contract point appears above 5 points. It has already deviated from the predicted value, but Chen Fan is not sure whether the Nasdaq is likely to go out of the big rise in May and June, and he is still a little hesitant.

Thinking of this, Chen Fan checked the position of the latest Nasdaq June contract. Now the total position has reached 6 lots, and the position curve is still slowly rising.

Nearly 3% of the positions are in our hands. Although this figure has decreased a lot compared to the March contract, it is still a very high figure.

Without further hesitation, Chen Fan said to Zheng Xiaopang: "Notify them to suspend the increase in positions. If there is a high point, you can reduce the position appropriately. It is enough to keep it at 12 lots."

"Okay, I also think that the market opportunity is not big, and too many long orders are not safe." Zheng Xiaopang said with a nod, and hurriedly contacted the futures trading team through the intercom, asking them to suspend opening positions and properly close positions at high points operation.

Through the background data, Chen Fan quickly noticed that the new positions of the Nasdaq’s June contract had stopped, and there were only occasional transactions in the September, December and March contracts, but the frequency was not high, after all, the forward contract involved The number of people is limited, and most traders prefer to trade on the main contract.

However, Chen Fan did not stare at the futures market for too long, because the rice stocks entered the opening auction period, Chen Fan noticed that He Li and the others did not participate in the market to a large extent, but only placed some buy orders at key prices such as 9 yuan The price is lowered with the sell order to avoid the huge deviation of the opening price caused by the rapid entry and exit of funds.

A few minutes later, the opening price was refreshed. Qualcomm’s opening price opened slightly lower today, opening at 8.64 yuan, and the trading volume also decreased significantly. Obviously, yesterday’s slump still had an impact on the market, so after the market opened today, the market popularity is not strong.

The Nasdaq really opened at 2554.35 points, showing a slightly higher opening trend.

After the official opening of the market, He Li and the others first instigated a rapid rebound in Qualcomm's stock price, but only after pulling it up to around 8.78 yuan, they began to backhand short, and then the stock price continued to fall.

The speed of the fall was strictly controlled, and the fall was relatively slow. It should be mainly to increase the psychological pressure on the shareholders, Chen Fan understood it that way.

When the stock price fell to 8.55 yuan, He Li and the others started to mobilize, continuously placing buy orders on the market, and quickly pulled the stock price back to the opening price, and then began to make a platform there. An hour has passed.

"How long are you going to trade sideways here? Are you going to go up or down today?" Chen Fan finally broke his silence and asked this question. Although he guessed in his heart that they should go up, he went down again. Yesterday's intraday low is actually not impossible.

"Build a platform, and then the bottom will continue to rise. After pulling out the upward channel, the stock price will be maintained until it breaks through 9 yuan. At the closing stage, a surprise attack will be launched, a wave of market will be pulled up quickly, and then the market will dive and close. Those swingers wash out."

When He Li heard Chen Fan's question, he turned around and answered.

"Above 9 yuan?" Chen Fan asked suddenly.

He Li nodded, "If there are not too many selling orders, we plan to close above 9 yuan and continue to fall tomorrow."

(End of this chapter)