legendary trader

Chapter 503 Chapter 504
The market on Wednesday did not give the bulls any hope. The Nasdaq market fell all the way throughout the day, and there was no strong resistance in the session. In the end, the Nasdaq closed at 2550.37 points, down 52 points, or 2%.

The trend of Qualcomm is under the control of He Li and the others. According to the idea, it should be maintained above 12 yuan, but the trend of the market is too weak, causing a large number of sellers to choose to leave the market at this time.

The sequelae of Qualcomm's short-term surge finally broke out. Because the short-term increase was too large, investors who held shares already had great worries. When the market trend was not good, such worries were infinitely magnified.

Although he doesn't know whether these sales orders are profit-making orders or meat-cutting orders, Chen Fan believes that many owners of the sales orders must have made no money. It may be that the funds that entered the market at around 13 yuan lost [-]% of the market. It was time to choose to stop loss and leave the market.

Selling orders poured in like a tide, and He Li and the others not only couldn't ship, but started to protect the market, trying to keep the stock price around 12 yuan.

Between entering and exiting, within an hour, He Li's net purchases reached more than 30 shares. The key is that the buying orders below are thin, and there is no chance to sell these stocks.

At this time, the fool also knew that he couldn't continue to defend here, it was too attractive for selling.

He Li and the others quickly withdrew the orders, all the buying orders near 12 yuan were withdrawn or destroyed by themselves, anyway, they dared not continue to defend.

Chen Fan couldn't help but talk at this time, if he didn't make a statement, their operations might be tied.

"Let's put the stock price down. There is no way to defend here. The market is not good now. Take a look at the end of the market. If you have a chance, pull the end of the market."

Chen Fan could only continue to give orders like this.

As the Nasdaq fell below 2600 points again, Chen Fan once again saw a glimmer of brightness on the Nasdaq.

From this point of view, it seems that the rice stocks will not have the unilateral decline that he is worried about, but may have a trend of violent shocks around 2500 points. There is still a chance to challenge 2600 points in the intraday, but the chances are not great after reaching there. up.

As the Nasdaq fell below 2600 points, the liquidation of the futures group also stopped. After all, Chen Fan's order was to buy below 2500 points and sell above 2600 points.

Although Chen Fan's thinking has not changed much now, he still intends to slightly modify the order for the futures team, so in the middle of the transaction, the order should be canceled above 2550 points to close the position, and around 2450 points to increase the position.

The trading point has moved down significantly, which also shows that he is still not optimistic about the short-term market trend, but he is not pessimistic. It should be cautiously optimistic.

Qualcomm's share price was once hit by the market to 11.75 yuan during the session, but in most of the second half of the trading time, Qualcomm's stock price still stubbornly moved above 11.8 yuan, and there was a short period of concentrated selling pressure at the close , almost the stock price is about to hit a new low again, but Chen Fan is worried that if this continues, it will cause the market to plunge and crash in the end of the market.

Under such considerations, Chen Fan issued an order to increase the stock price with all his strength. At the end of the market, Qualcomm's stock price closed at 11.90 yuan, down 0.42 yuan, or 3.41%.

For two consecutive days, Qualcomm's share price has fallen by more than 3 points, giving other market participants a very bad omen.

In fact, Chen Fan didn't know that today's market was unable to resist the unilateral decline. A big reason was that, except for a short-term rise in Qualcomm after the market opened, the subsequent trend was basically a unilateral decline.

Such a trend has made many funds in the market who regard Qualcomm stock as a short-term weathervane a little disappointed in the market outlook, so the intraday selling order will appear in the situation like today.

After the market closed, Chen Fan didn't leave right away, but sat quietly in the trading room, staring at the market and the movement of Qualcomm stock throughout the day, thinking about how to operate in the next two days.

It is absolutely impossible to continue like this. Unless you don’t want to make money anymore, before Qualcomm’s stock price falls below 10 yuan, you basically don’t want to get the participation of new funds.

The current situation of the market is also very bad, with two consecutive negative lines appearing at the high level. Judging from the current meaning, the best trend of the market tomorrow is to bottom out and rebound. It is difficult to directly complete the bottoming and recovery.

The popularity that has dissipated in the market in the short term cannot be recovered quickly, unless there is a sudden huge benefit.

But will there be a much-needed upside right now?

Obviously not.

Under such circumstances, Chen Fan can only hope that tomorrow's decline will be smaller, or that there will be a sharp rebound after a sharp drop to narrow tomorrow's decline, so that the market may lead to a rebound on Friday.

But this can only be because he has nothing to do and thinks about it. Now he has no possibility to manipulate the operation of the index. Even stocks are very troublesome, let alone manipulate the index.

Then back to the trend of Qualcomm, Chen Fan has to think a lot, if the market bottoms out tomorrow, what should he do to maximize his profits.

Today, the turnover of Qualcomm's stock price is only 3051 million yuan, which is another [-]% reduction compared with the previous trading day, showing the scarcity of buying below.

If the trend continues and some measures are not taken, Qualcomm's stock price may fall below 10 yuan indefinitely.

Now Chen Fan felt that he had put too many bugs too hastily. Recently, the leading declines and gains in the market are almost all technology stocks, especially the stocks related to the "millennium bug". What does this mean?

Now whether it is the market or the analysts of various companies, the negative evaluation of Qualcomm's stock price cannot but make Chen Fan suspect that there is a shadow of "Year [-] Bug".

Otherwise, how can there be no funds to chase up the stocks that have been looted in the short term?
Maybe it was a reason why I pulled it fast at the beginning, but now Chen Fan suspects that he made a mistake in the layout at the beginning. A sword hanging over his head.

At this time, Chen Fan suddenly remembered that there is still brightness on Qualcomm stock. According to the brightness, Qualcomm's stock price should be able to reach around 14 yuan. Does he have to follow the initial trend to get out of it?
Thinking of this, Chen Fan suddenly felt like waking up from a dream.

Yes, I thought too much again, and I misled myself.

My inertia in the past is still working, subtly affecting my operations.

In the past, I followed other funds to operate, and I was in a sedan chair, and I didn't think about how to operate at all.

Later, because of the large scale of funds, they usually start to leave the market in batches before the high point appears in advance, but this time it seems that this should not be the case. If I leave the market, who will make the high point?

(End of this chapter)