legendary trader

Chapter 507 Chapter 508 Remote Command
The Nasdaq was continuously suppressed, and the index continued to decline. It didn't take long for it to fall to 2502 points, which was only a stone's throw away from the integer mark of 2500 points.

However, Qualcomm's intraday air raid alarm was still screaming. After Qualcomm's stock price fell below today's intraday low, short sellers began to exert force again, and the trading volume rapidly expanded from a shrinking state again, and Qualcomm's stock price continued to fall slowly.

11.68m 11.66m 11.62m
The positions of the bulls were captured by the air force, and the seemingly strong buying forces below seemed powerless to fight back under the blow of the huge selling orders.

However, those investors in the market are either worried about the Qualcomm stock in their hands at this time, or they are lamenting that they reacted quickly and did not make a move to buy the bottom, or they are gloating that they did not participate, or they are glad that they are running fast, or...
While they were paying attention to the follow-up trend of Qualcomm under various mentalities, some terrified stockholders finally couldn't bear it anymore. Although it was only a small number of people, they began to sell their Qualcomm stocks one after another. This is already today. The second wave of selling appeared in the intraday.

For the first time, when the market fell below yesterday's intraday low, some quick-response funds and yesterday's bottom-hunting funds had already started to run away.

The second time was this time. After the long-short competition in the market, it was obvious that the bulls were defeated, so they chose to sell their stocks and leave the market.

Only Chen Fan and He Li, although they are all sitting in front of the computer desk at this time, watching the market, and smashing the market, what to do, but they are all nervous at the moment, the market has fallen to 2501 points up.

This place is a key point, so Chen Fan has always regarded this place as the starting point for pulling up Qualcomm's stock.

Such a key point will either form the support level of the market, or it will be a reminder.

If no effective resistance is formed here, the Nasdaq easily falls below 2500 points, then there may be a snowball effect in the follow-up, and the market's short power will rapidly increase, even above 2500 points, it will still fall slowly, and after falling below 2500 points, it will evolve into Diving trend.

At the same time, once the 2500 point, which is still the psychological support level of the bulls, misses, it will become a pressure level for the market to rebound in the future, forming a back pressure on the market.

"Here we are." Zheng Xiaopang said suddenly.

The Nasdaq finally fell below 2501 points, and the index showed a figure of 2500.97 points.

Qualcomm stock is still facing huge sell orders, some of which are caused by He Li and others, and many of them are sold by other investors.

"Pull up."

He Li suddenly whispered, and in the middle of the voice, he tapped the keyboard, and after making a sell order, he didn't continue to operate, but kept his eyes on the trend of Qualcomm's board.

The sound of "cracking" keyboards sounded almost simultaneously in the trading room, and the other three traders all entered the prepared buy orders into the market, and then the movements of their hands did not stop, and they continued to operate "crackling".

On the opposite computer screen, three transaction data with an upward arrow symbol were quickly refreshed in the transaction details column.
"The minimum is 11.59 yuan, haha."

Along with the sound of the keyboard, Zheng Xiaopang smiled after seeing Qualcomm's stock price being rapidly pushed up by continuous buying.

"The Nasdaq seems to be about to stop falling at 2500.52 points." Chen Fan ignored Zheng Xiaopang's remarks, but turned to talk about the broader market.

In just ten seconds, the market has undergone drastic changes.

Qualcomm's stock price fell below 11.6 yuan in an instant, but with the continuous large buy orders of [-] shares, Qualcomm's stock price suddenly turned around from the downward trend and rose much faster than the falling speed, just like a rocket launching Similarly, these large buy orders that suddenly entered the market quickly swept away the selling orders that could be seen in the market again, and Qualcomm's stock price quickly returned to the previous bottom platform.

At the same time, after the Nasdaq fell to 2500 points, the advantages of the index were also reflected. Perhaps there are many institutions that have the same idea as Chen Fan, and they all regard 2500 points as the starting point. After changing the downward trend, they turned around and went up one after another. Many stocks also went out of the high-speed trend like Qualcomm, and the downward momentum of the index was held back.

This kind of market change was a bit out of Chen Fan's expectation. Chen Fan didn't look at the rising trend of Qualcomm, but opened the short-term price list to check the stocks that suddenly rose.

After flipping through several stocks in a row, Chen Fan finally shook his head and said with a little disappointment, "It's all stragglers pushing up the market, and the funds didn't do anything."

"The main force in the market?" Zheng Xiaopang asked, but then shut up and stopped talking.

Seeing that Qualcomm's share price quickly broke through 11.9 yuan and was approaching the 12 yuan mark, Chen Fancai continued: "Today's market may be similar to what I said this afternoon. It just bottomed out and rebounded, and it may be able to maintain until the close and reduce some losses. , but that's all."

"Tomorrow Friday, it may rise slightly or continue to fall. According to your understanding, the market will continue to drop next week?" Zheng Xiaopang looked at Chen Fan and said, "I am concerned about this, will it continue to fall next week?" fall?"

"Without the funds, the market cannot have a bottom." Chen Fan gritted his teeth and said with a wry smile, "I thought they would stage a rebound at 2500."

Zheng Xiaopang stared at Chen Fan for a while, then looked away.

Chen Fan picked up the cigarette case on the table and got up to go out. Zheng Xiaopang glanced at it and then got up and followed.

Still on the windowsill, two men were smoking a cigarette with their buttocks pouted.

"Why do you come out to smoke? You can smoke in the house." Zheng Xiaopang said, exhaling smoke rings.

"I feel a little bored. Maybe it's because I've been doing Qualcomm for a long time and I feel a little bored." Chen Fan said with a smile, but Zheng Xiaopang definitely couldn't see his smile.

"The next step is to raise the price, and try to reduce the position by pulling it up to 14 yuan?" Zheng Xiaopang asked suddenly, he wanted to know if Chen Fan was sure about doing this, although he still said that in the afternoon, but Chen Fan sometimes Everything will change, and Zheng Xiaopang has discovered more than once that Chen Fan will change according to the changes in the board.

Today's intraday selling orders are small, indicating that it should be easy to pull up, but there are also fewer buying orders below, indicating that it is indeed impossible to sell goods if they continue to fall.

But I don't know what Chen Fan is thinking, so it's better to ask directly, so as not to kill my brain cells.

"Of course, we will adjust it tomorrow, and let them go higher next week." Chen Fan said.

"We're going to Shanghai on weekends." Zheng Xiaopang reminded.

"The remote control of the phone is fine. Shencheng can also look at the market. What price will you want at that time? Just make a phone call. Their phone number is limited, and they can't make calls. Ours doesn't."

Chen Fan smoked a cigarette and said, "I said earlier that we'd better stay outside in the future. There's a lot of things to deal with in the company. There's no need to waste it here. We can command remotely wherever we go. This time it's a give it a try."

(End of this chapter)