legendary trader

Chapter 742 Chapter 743 Crazy Market

After Qualcomm’s share price was frantically suppressed by a large number of selling orders for a while, the stock price also fell from around 70.3 yuan to around 70.1 yuan, and it was about to be smashed to the integer mark of 70 yuan.

But by this time, the wave of profit-making selling that was lured by the sudden high stock price has gradually come to an end.

As the market selling behavior began to subside, He Li and others gradually controlled the rise and fall of the stock price. However, at this time they did not reverse the downward trend, but controlled the stock price to continue to fluctuate and fall, moving closer to the 70-meter mark.

At this time, everyone in the room is actually very nervous, worried that after the stock price approaches 70 yuan, a new batch of profit-making chips will be triggered to enter the market, so they also increase their buying orders at this time to let the market makers protect the market. To be more obvious, I hope to dispel the shaken confidence of these shareholders in holding shares.

At this time, hundreds of thousands of shares have been placed on the purchase price of 70 yuan. As long as there is no crazy selling behavior, it is still very stable in a short time.

When Qualcomm's stock price finally fell to 70 yuan, and He Li was about to go backhand and go long, Chen Fan suddenly said to him, "Wait a minute, trade here for a minute, and see if anyone flees in panic."

At this time, the market is very stable, and there are fewer and fewer people selling Qualcomm shares. Chen Fan is not too worried that there will be more selling orders, but now he wants to clean up and scare away speculators who are not firm in holding shares.

Qualcomm's stock price began to trade sideways at a low level. Although large sales orders appeared from time to time during the session, they were relatively scattered and there was no concentrated selling behavior. The decline in Qualcomm's stock price during this period also allowed it to temporarily give up today's gains. In the second position on the list, an Internet company called EXP, which has just been listed for a short time, quietly stood up.

Rice stock trading has been going on for half an hour. During this time, the Nasdaq fluctuated around the opening point. However, as the index's low point rose, the index's upward movement of 4000 points became more and more obvious, and the Nasdaq began to rise slowly.

Of course, Chen Fan also noticed the signs of the Nasdaq's strength. At this time, there is no need to hesitate. The profit-making positions in the market that want to leave should have been sold, so let's take them flying with the remaining chips.

"Start pulling up." Because Chen Fan stopped He Li from creating a rebound before, Chen Fan still spoke out at this time, reminding He Li that he can start to raise Qualcomm's stock price.

Soon, Qualcomm’s buying orders on the market increased significantly, and it began to actively sweep the selling orders at the upper selling price. Qualcomm’s stock price began to rebound. The first step, of course, was to quickly recover the opening price.

Qualcomm's stock price has been rising all the way, and has not encountered a new wave of selling. It rushed back to today's opening price after just a wave of gains, and then began to adjust slightly, but the correction was not large. In fact, it still fluctuated around the opening price.

At this time, the Nasdaq has already rushed to the 4000-point mark. It has already gone up here, but it is the first time that the index has risen. However, the market did not create too many obstacles here. The Nasdaq stood up very easily. The huge selling pressure in the market did not appear.

"Is the bullish force in the market so strong now?"

Zheng Xiaopang, who was quiet on the side, felt a little emotional after the Nasdaq hit 4000 points. Now the Nasdaq market is too powerful to go long. It is so powerful that it ignores the [-]-point integer mark, and the index easily went up.

What Chen Fan and Zheng Xiaopang didn't know was that at this time, on the display screen of the Condé Nast Building next to Times Square in York City, the huge "4000" was constantly flashing, which seemed to be celebrating the Nasdaq Index's breakthrough again. On the 4000 mark.

Around the Condé Nast building, there are more than a dozen TV OB vans with huge radome parked. In front of the car, there are male and female reporters talking excitedly with their backs to the huge display screen on the outer wall of the building. Their actions and the huge display screen behind them The subtitles projected on the car were completely recorded by the camera in front of him and transmitted through the antenna on the car next to him.

The last time the Nasdaq index jumped directly to 4000 points at the opening, but the exchange did not respond in time, and the index actually only stayed at 4000 points for a moment, because it was directly smashed down by the market after the opening.

This time is different. In fact, last week, the exchange had already started preparations for the Nasdaq to enter the "4000" era, and outside the building, the OB trucks from various TV stations in the United States had already stopped here for a few days. In one day, they have to send the live images to TV audiences across the country in time.

The Nasdaq market is an electronic trading market in the United States. It does not have a fixed trading location like the York City Exchange. The trading center in Times Square in York City has become the representative of the Nasdaq market, at least in the eyes of the outside world. , here is the Nasdaq stock exchange.

The Nasdaq continues to rise after reaching 4000 points, and Qualcomm's adjustment is coming to an end. With the adjustment in place, the selling orders on the market have decreased again, and Qualcomm has started the second wave of upward trend.

This round of rising strength is obviously stronger than the first wave of rising trend. The stock price started from around 70.5 yuan, and then adjusted after rushing to 72 yuan. However, the adjustment was also based on 72 yuan, and the stock price did not appear deep. callback.

But at this time, as the Nasdaq hit 4000 points, the entire Nasdaq market became active, and many stocks rose one after another. As a result, although Qualcomm had recorded a 15% increase, it fell to the third place in the increase list. Not only did it fail to regain the No. 3 position, but its position slipped one place, and behind it, many small-cap stocks have begun to challenge this position.

Chen Fan is also engrossed in staring at Qualcomm's board at the moment. Now the market atmosphere is good. After Qualcomm is pulled up, the follower board will continue to enter the market to sweep up the selling above. In fact, He Li and the others are not acting as the main force to destroy the city at this time. , is just a guiding force.

Qualcomm's opening price today has actually revealed their ambitions, and Qualcomm's stock price will accelerate its rise. By this time, the hot money that was still a little hesitant before could no longer bear the greedy desire and began to enter the market continuously to sweep goods.

This year, there is a lot of hot money entering the rice stock market. Most of these funds were in the gold, foreign exchange and other markets before, but this year the Nasdaq market is so good that there has been no obvious downward trend for almost the whole year, and it has been continuing slowly. The rising trend, thanks to technological progress, these funds can now be quickly converted in multiple markets, so the stock market has become an option when there is no target.

Of course, their targets will not be those high-quality stocks that are already well-known and have already settled in large and small investment institutions. Unless there is a huge price difference, they will also choose to buy these blue-chip stocks, and they will target new stocks.

The activeness of the Nasdaq market has benefited a lot of newly listed companies this year. The stocks of a large number of newly listed companies have been hyped by market hot money on the day of listing and for a period of time after that. The hot new stock market has also attracted more investors. Hot money is involved.

At this time, in the first edition of the price increase list, a large number of stocks of new companies listed in the past six months appeared. Most of them are in the Internet industry, and they have become the most sought-after stocks in the near future. Fat has a feeling of jealousy.

The rise of these new stocks is really scary, Zheng Xiaopang has plans to enter the market to operate a wave of new stocks.

Of course, Chen Fan agreed unconditionally to Zheng Xiaopang's request, but it started this week, because of the shortage of funds before, Chen Fan did not agree with Zheng Xiaopang's action.

In the first two days of this week, there were no new shares listed, but today, a network company named VA Linux was listed on Nasdaq. Zheng Xiaopang didn't pay much attention to Qualcomm after the opening of the market, because at this time his attention It's all about this new stock.

It's just that Zheng Xiaopang has been hesitant before, because VA's opening price has risen too much. The issue price of 30 yuan has directly hit 65 yuan at the opening price today, and now the stock price has rushed to 80 yuan. According to the stock price, it has surpassed Qualcomm's stock price.

Of course, the stock price is not an indicator to measure the size of a company, but the market value is. When some companies go public, the number of shares is kept relatively low, so the price of a single share is very high.

The issue price of VA is like this. The total share capital is only more than 3 million shares. The market has given a valuation of 10 billion yuan, and a high premium of 30 yuan is issued and listed. Whether it is a listed company or a company shareholder, of course there are investment banks In this transaction, he made a lot of money.

But at this time in the Nasdaq market, the real madness is unfolding. After the opening of 65 yuan, the trading volume of VA has risen rapidly. Many investors who bought stocks sold their stocks after doubling their profits. Get comfortable, and easily double your profits.

When the VA stock price broke through to 80 yuan, most of the issued shares have completed the change of hands, and there are very few investors who still hold new shares in their hands, but the upward journey of VA stock price has only just begun.

As a large amount of hot money frantically entered the market to scramble for this last new listing this year, VA's stock price was pushed to 80 yuan by a huge buy order just after it stood at 90 yuan.

"I can't take it anymore, Xiaoye, sweep the goods for me, and buy me [-] shares."

Seeing that the stock price quickly broke through 86 yuan, Zheng Xiaopang finally couldn't hold back, and said loudly to the trader Xiaoye beside him.

As soon as Zheng Xiaopang's voice fell, Xiaoye also quickly hit the Enter key, and entered the market to buy VA stocks with a buy order.

Zheng Xiaopang's sudden voice woke up Chen Fan who was thinking, "What's going on?"

"Today's new shares have risen by almost half. If the issue price is counted, it has almost doubled the increase."

Zheng Xiaopang replied quickly.

"It's crazy, new shares, nothing has been proven, and there are funds to stir up speculation."

Chen Fan smiled and shook his head, feeling that his three views had been subverted.

"It's all fun, it can't exceed 1 million." Seeing that Zheng Xiaopang was a little excited, Chen Fan still reminded him aloud.

Seeing that Qualcomm's share price has been around 72 yuan for a few minutes, and looking at the steep upward trend line on Zheng Xiaopang's computer screen, Chen Fan thought about it and said, "Push Qualcomm to 75 yuan first." .”

Now that there are not many active selling orders on Qualcomm's market, and the chips are very stable, then take the opportunity to raise the stock price, attract new entrant funds, and let them pay a higher price.

Qualcomm needs to perform, and can't let all the funds in the market be robbed by new stocks.

This is Chen Fan's thinking now, everything is for the purpose of stealing money.

"If you don't buy enough, cancel the order and give a higher price, hang 90 yuan, hurry up."

On the one hand, Zheng Xiaopang yelled and said, it was obvious that the payment just now had not been completed in full, so he was in a hurry.

Here, Qualcomm's stock price also got rid of the sideways trend, and the stock price rose rapidly. Driven by the buy order, it quickly took over the selling orders above. Qualcomm's stock price hit 72.6 yuan, and the upturned trend line suddenly began to go crazy grow.

Qualcomm's stock price has entered the fast lane of rising. Chen Fan glanced at the price increase list. At this time, VA is still firmly at the top of the price increase list with a 193.3% increase, and its position cannot be shaken.

Clicking in and taking a look, Chen Fan touched his forehead subconsciously and took a look, then he was taken aback, thinking silently, the upside potential of this stock is really huge, but when he saw the transaction on the market, Chen Fan knew , There is not much chance, Zheng Xiaopang has already reached the limit by putting in tens of thousands of funds, no matter how afraid he is, he will have nothing to play.

At the moment when Chen Fan took a look, Chen Fan had basically seen through the height behind the VA. It was amazing, but based on a rough estimate, the stock price should probably touch 200 yuan, which means that the current stock price will double.

However, the brightness was too strong, and Chen Fan was a little uncertain about where he might be able to go, but 200 meters was definitely stable.

"How much did you buy there?" Chen Fan asked seemingly casually.

"One hundred thousand shares." Zheng Xiaopang said cheerfully at this time, and it seemed that all of them were sold.

"Not bad, not bad, you should be able to make a lot of money, the hot money in the market is too strong."

Chen Fan laughed.

Although it seems that VA's stock price still has a huge increase, the company's market is so big. Now this stock has gathered a lot of hot money. Of course, the market is most likely controlled by the most powerful hot money. That said, Chen Fan was not interested in getting involved, and was mainly worried about the liquidity issue. It would be bad if he could get in but not get out.

Hot money gathers, such stocks will go crazy when they rise, but once the rising trend ends, the fall will be very scary. The most important thing is that the stock is a new stock and has no mass base. Most investors in the market will avoid such stocks Far away, you won't touch it at all, that is, hot money is bold.

During this period, Qualcomm's trend was very fierce, and the rising speed was very fast, which also stimulated a lot of hot money to enter the market. However, there are not many sell orders in the market now, and the stocks that are actually bought by them are limited.

Now that Chen Fan is no longer short of money, he is not in a hurry to let He Li and the others carry out rolling operations. He should release the stocks he bought as much as possible. After all, when the peak is reached, there are fewer external stocks, and the pressure on the stock price to rise will be less .

When Qualcomm's stock price reached 75 yuan, Chen Fan just thought about it for a while and said to He Li: "With a small adjustment here, we will push the upward channel after the adjustment, and the target is 80 yuan."

(End of this chapter)