legendary trader

Chapter 710 Chapter 711 Cut Amazon

Driven by huge buy orders, the stock price of Oracle Software finally stood at the 13 million mark. As the Nasdaq encountered strong selling pressure at 2997.70 points, after the index began to fall back, the stock price of Oracle Software also touched 13.11 million yuan. Callback finishing started.

The subsequent market did not show the third wave of upward trend that investors expected. The Nasdaq failed to break through the 3000-point integer mark on Monday, and instead fell back before the market closed.

Perhaps because of too high expectations, after waiting until the end of the market with no hope of rising, the market sentiment quickly dissipated, and the short sellers took the opportunity to flip a wave of suppression. The sideways trend of the Nasdaq at 2990 points, which lasted for nearly an hour, was broken. There was a wave of slight diving in the index towards the end of the session. Finally, the Nasdaq closed at 2967.65 points. Not only did it fail to close a positive line, but because of the high opening, a line with an upper shadow line appeared on the daily chart. Small Yin Xian.

The diving at the end of Monday was very unexpected. Chen Fan didn't expect such a trend. He thought that today would be like this. If he couldn't make it today, he would go up tomorrow.

However, this jump also directly caused many stocks to fall sharply. Qualcomm was not strongly protected in the market, and the stock price fell from 28.5 yuan to 28.15 yuan. It rose by 0.31 yuan throughout the day, or 1.11%.

Oracle software has been supporting above 13 yuan, but after the market dived, the stock price also fell back to 12.8 yuan to close, but even so, Oracle’s increase today is quite strong, closing up 0.91 yuan, an increase of 7.65 %, and the trading volume has even increased to 9 million yuan.

Although the close fell below the 13-meter mark, a positive line entity breaking through the sky on the daily chart still indicates that the upside of Oracle software has been opened up, and this stock is now going to continue to challenge the record high.

After the rice stocks closed on Monday, Chen Fan was not in a hurry to leave, but was looking at the situation of today's position adjustment. Today is the 1st, the first day of November, so he made another adjustment to the stock pool he currently holds. To clean up, some of these stocks have been abandoned by him.

Bezos has been touted by Bezos about the future online e-commerce business before, and he bought some Amazon stocks with suspicion. It should be said that this stock has been doing well before. At the beginning of the year, the stock price was still 6 to 70 yuan. In January, the stock price once exceeded 4 yuan, and it has been sideways since then.

But now, just today, the latest stock price of Amazon, founded by Bezos, is 85 million yuan, and this stock has not been bright for a while. With the Nasdaq rising sharply in the next month, this stock seems to have come to an end .

After seeing Bezos' praise of the online business, Chen Fan once imagined the future of this company. Customers choose their favorite products on their computers at home, and FedEx will deliver the products as quickly as possible. At the door of the customer, the customer happily signs the bill to complete the transaction.

Also because of such a wonderful portrayal of the prospect, Amazon's stock price has remained high, and at the lowest point, the stock price also remained at a price of more than 60 yuan.

But now, when the rice stock market is about to explode, Amazon's stock price still has no room to rise. What does this mean?
Chen Fan already knew without thinking that the future of Amazon's business may not be as he boasted. At least the main funds for the rice stock speculation this time have already abandoned him and decisively cut the position. Can make a little money.

Chen Fan hesitated for a long time for this decision. After all, Amazon should be said to be very in line with the mainstream of the current market hype, a company that uses network technology. Although the stock price has been at a high level, Chen Fan still wants to observe and observe until the rice stock market is completely wiped out. Make a decision when the market is ignited.

Today, Chen Fan has confirmed that when the rice stock market is about to start, Amazon is still weak, so let’s give up. Maybe it’s because the market’s expectations for him are too high, and the stock price is always at a high level, so he was given up by the main force of the market.

Hand over the list in his hand to Zheng Xiaopang, "We will start adjusting positions on Tuesday."

Zheng Xiaopang glanced at the list in his hand, "Okay, I will hand it over to the stock team in the afternoon."

After putting away the list, Zheng Xiaopang pointed to the London Gold that was being traded on the computer screen and asked, "Is it time to go short?"

On Monday, the international gold price was supported again near 310 yuan. The gold price rose slightly to 316 yuan. It is now fluctuating sideways. Last week, it rushed to 320 yuan three times in a row. The short-term bullish power should have been exhausted.

And the current support should be more about the fact that profit-making funds are maintaining the price of gold, and if they want to continue to sell their chips at a high level, the market is dominated by the doomsday.

However, Chen Fan wanted to return to his thoughts, so he touched his forehead and looked at the trend of gold, there was no brightness.

The hand stroking the forehead did not let go, but scratched his head along the way and said: "There is no chance, you can go short, but be careful and keep a certain safe position."

Chen Fan couldn't see the room for the price of gold to fall, so he could only say this, who knows how long it will take for these funds to be shipped, one day, or one week, so be careful not to make mistakes.

"Understood, I'll send a message to Zhang Yang." After speaking, Zheng Xiaopang picked up his phone and started sending messages.

Chen Fan frowned and thought about it, then said to Zheng Xiaopang: "Send one to Xu Huhu by the way."

The time soon came to the evening, and the rice stock market was about to open on Tuesday.

"The Nasdaq opened very high today. The diving late yesterday didn't seem to scare people."

Zheng Xiaopang laughed lightly.

Today the Nasdaq opened at 2984.43 points, 17 points higher.

Chen Fan rubbed his chin and smiled, "I'm going to touch 3000 points today. If I don't touch it again, I'm afraid I'm going to dive again today."

"That's right, I didn't go up by more than 2 points yesterday, but I dived directly at the end of the game, hehe."

Zheng Xiaopang laughed and said, "Go up today, your Qualcomm."

"What's your plan today?" Chen Fan didn't answer Zheng Xiaopang's words directly, but asked He Li.

"Yesterday was a small positive line, and today the plan is to make a negative line above 28 meters." He Li replied.

Chen Fan nodded, and did not veto He Li's plan, "Let's do it first, we'll talk about it later."

Although he was not asked to modify the trading plan, He Li could tell that Chen Fan might intervene in the rhythm of the transaction at any time, but he didn't know what the triggering condition was, could it be 3000 points?
However, Chen Fan no longer intends to continue discussing the trend of Qualcomm, but turned around and smiled at Zheng Xiaopang: "I am very satisfied with their plan, and I don't plan to modify it for the time being."

Today, Qualcomm's opening price is 28.67 yuan, and He Li can raise the price to open the market, in order to ensure that a negative line can be closed at 28 yuan, and the market will be opened directly near the highest price of the stock price.

(End of this chapter)