legendary trader

Chapter 769 770 (0.0)

The market makers of Oracle Software have chosen to give up protecting the market, but it seems that they have not completely given up, because they did not decisively choose to empty the market after giving up the market, and joined the selling team to look at the stocks in their hands. After the institution is exhausted, it will consider pulling back the stock price.

Think about it too, how much money can a general institution invest in a stock, and how much is the huge sell-off encountered by Oracle software today.

Zheng Xiaopang and his group's selling behavior only made the market evacuate, but it didn't make them fully realize the reality. They only hoped that the funds would leave as soon as possible after the selling was completed.

However, Chen Fan knows that after the market reacts, the decline of this stock should be very tragic. Maybe the banker will protect the market at a low level because of the stocks piled up in his hands, creating a rebound, but that is just a tasteless market. It is of little value, and the best operation strategy is to clear the position as much as possible and leave the market at the current high level.

Chen Fan had already told Zheng Xiaopang earlier that he had cleared all the Oracle software stocks in the last three days. Now it can only depend on luck. After all, if you want to clear the position, you still need the market to have enough buying orders to enter the market to take the order.

Without buying orders, the lower you suppress the stock price, except for the market makers of this stock, no off-market funds will enter the market at all, let alone today is Friday, even short-term hot money will not choose to enter the market wantonly today Bo rebound.

This is also the reason why Chen Fan can look at the ups and downs of the market with a relaxed mood at the moment, and there is still a chance at the beginning of next week.

"After the stock price is lowered to 44 yuan, your selling action must be slow, and don't let the market react so quickly that you have a large number of stocks."

Chen Fan reminded Zheng Xiaopang that if he could delay today, he would still have a chance to sell a large amount of stocks next Monday before the market turned empty.

"Don't let the dealer know that we still have a lot of stocks in our hands?"

Zheng Xiaopang sold the stock while typing on the keyboard blindly, while turning around and looking at Chen Fan.

"Let them know, and they will immediately snatch the buy orders from you, and the stock price will collapse."

Chen Fan continued, "Steady, reduce the number of stocks sold, let the stock price stay at the top for a while, and continue to sell next week."

"Understood, if there is funds to enter the market, then we can only kill the decline first."

Zheng Xiaopang understood what Chen Fan meant, but he was a little worried that other funds in the market would find out that the market was topping out, so he said it anyway.

"Of course, if the market reacts, of course we will take the first shot."

Chen Fan laughed.

With Oracle dealers suspending market protection, the buying orders on the market decreased significantly, and the stock price of Oracle Software quickly fell under the sell-off of Zheng Xiaopang and Xiaoye. After approaching 44 yuan, both of them began to reduce shipments, and the stock price began to stabilize.

In the following time, the previous stimulus of large funds entering the market gradually subsided, and it was a relatively sensitive time period on Friday, and the market trading volume began to decline. Although there were still relatively few active shipments, the market's buying It did not return to the level at the beginning of the trading, and the market began to slowly decline.

When the Nasdaq fell nearly 5 points, the funds on the market still had obvious actions to protect the market. However, the rebound trend of blue-chip technology stocks for several consecutive days has shown signs of weakness at this time. At least on the surface, it seems that they need to adjust. .

Chen Fan knew in his heart that these should be appearances, and the real situation should be that the main funds are reducing their positions, and it is impossible to enter the market on a large scale at this time to protect the market.

In the second half of the transaction, seeing the gradually shrinking trading volume in the market, Chen Fan also seemed very helpless. Qualcomm’s stock price had fallen to around 74 yuan. Although there were buy orders, it shrank by nearly 44% compared with the first half. The stock price is also lying around [-] yuan.

If there is only good news, then it seems that the banker of Oracle Software started to enter the market to protect the market after seeing the stock price stabilized around 44 yuan.

Also, even if the banker finds that there is a large amount of money to withdraw at this time, if it is a race, the banker will definitely lose.

This is also the reason why Chen Fanming knew that the market had peaked in the short term, but he still chose to continue to push up Qualcomm's stock price at the beginning of next week. If he couldn't run, he would delay the time when the market found the top, and strive to seize the initiative in this race. Even if you can't make a run, you have to buzzer.

After the market closed, Chen Fan did not leave the market, but began to look at the daily chart showing the peak of the rice stock market in the past ten years. He wanted to know how long it would take for the rice stock market to reach the peak before being discovered or confirmed by the market.

By looking at the previous prices of the rice stock market, Chen Fan still noticed that it took a long time for the rice stock market to confirm its head. Either it was confirmed that the market reversed after several market crashes at a high level, or the market fell for a long time. It will be confirmed after a while.

Moreover, Chen Fan also noticed that after the rice stocks peaked, the fluctuations in the market are also very complicated. Although the top area is a hill, the road down the hill is indeed tortuous, and strong rebounds erupt from time to time during the day, which is easy to be mistaken for. The market just adjusts.

Now Chen Fan understands a little bit. No wonder the main players in the market are still not nervous at this time. It seems that there is still a long way to go. The main funds still have enough time to plan and ship. There is a huge difference in terms of rapid and large declines.

This may be the difference between the stock market in Huaguo and the United States, because the source of funds is different and the investment philosophy is different.

After waking up, Chen Fan and Zheng Xiaopang left the villa after having lunch at the holiday villa and took a bus back to the imperial capital.

But this time the two of them didn't go back to their respective homes. Zheng Xiaopang directly took Chen Fan's car to Mao'er Hutong. Most of the buildings here and around were still well preserved, and the buildings everywhere conveyed the strong characteristics of traditional Chinese architecture. It is a combination of typical courtyard houses and classical gardens.

Maoer Hutong runs east-west, with a total length of more than one mile. Both ends connect with the bustling streets. There are cars of various colors passing through from time to time. Under the dense forest, fashionable sports cars and ancient tricycles drive alternately. Between the red gate and the gray wall, the extraordinary status of Maoer Hutong is faintly revealed.

The stock market salon organized by Tang Jianbin and others will be held at No. 3 Maoer Hutong. This is a private high-end club. It will be closed at six, no longer accepting foreign guests, and only entertaining rice stock investors who come to the salon.

Because Chen Fan and Zheng Xiaopang didn't show up for two consecutive weeks, Tang Jianbin called Chen Fan on Monday, but he refused, so Chen Fan had no choice but to agree to go and see this week.

After entering the yard, Chen Fan asked, knowing that the people who came here at this moment were all on the side of the water platform, so he went there with Zheng Xiaopang.

The water table is also the garden of this private club. To be honest, the area of ​​the yard is not very large. It is less than 26 meters long from north to south, and about 2000 meters wide from east to west.

Of course, to say it's not big is to compare it with the past, and those gardens at the palace level.

Even though the area is not large, the sparrow is small and complete with five internal organs, pavilions, pavilions, pools, rockery, verandas and small bridges... almost all the elements that a classical garden should have are here.

Moreover, the architecture and decoration have obvious Jiangnan characteristics, because the garden itself was built after the Humble Administrator's Garden and Lion Forest in Suzhou.

Walking into the courtyard and walking through the long corridor, Chen Fan saw more than 20 people had gathered at the waterside pavilion, and they seemed to be arguing about something.

Seeing the lively talk over there, Chen Fan laughed loudly from a long distance away: "Everyone is very lively, it seems that I have made a lot of money recently."

Hearing Chen Fan's voice, everyone in the waterside pavilion stopped talking and looked back. They saw Chen Fan and Zheng Xiaopang approaching, and everyone got up and said hello.

Although Chen Fan and the others didn't come here very much recently, Chen Fan was still very active when he first set up the salon. He would come here every week, so he was already familiar with the colleagues around the imperial capital.

Regarding the fact that Chen Fan didn't come over very often recently, although everyone didn't know the reason, at least the reason given by Chen Fan's official face was quite tenable. His wife was pregnant and he needed to spend more time with him.

Xie Chao said with a smile at this moment: "I'm talking about the fact that the market failed to stabilize at 5 points on Friday. I don't know whether it will continue to rise next week or will pull back again."

"It seems that there is no result. Seeing that you are talking so hard, I heard it even when I entered the door."

Chen Fan said with a smile.

Soon, Chen Fan and Zheng Xiaopang also joined their discussion team, but they talked less.

Of course, regarding the positions of the two people, they both express a cautious view of the market.

In fact, in the salon that Chen Fan participated in after the year, Chen Fan already put forward the view that the future market of rice stocks is not optimistic. Of course, the reason is that those high-quality technology stocks have started to adjust during this period of time.

Although he knew that raising such a point of view at this time would definitely be slapped in the face, because he knew that the Nasdaq index would still have a high market outlook, but Chen Fan still raised it after the year.

As for Chen Fan and Zheng Xiaopang, the representatives of the short-sellers, everyone was already immune to their remarks.

At that time, the Nasdaq said that the market might be coming to an end near 4 points. Although their views were justified, it was true that the leading sectors of the market before that time gradually began to enter the adjustment trend, but you look at the current market index. , is already 5 points.

However, Chen Fan didn't care about being slapped in the face by the market trend, and he still insisted on his point of view, because in fact he also operated in the same way. He has been reducing his position after the year, and now he only has two stocks left in his hand.

As for the current hot spots in the market, the hype of those hot stocks, Chen Fan keeps a respectful distance, and really can't afford it.

Because this kind of stocks either invest huge sums of money to enter the market at high prices to control the market, or follow the trend with a small amount of funds and do fast-in and fast-out cap-grabbing behaviors, but in this way, transactions are frequent, but because the amount of funds that can be invested each time is limited, There is not much money to be made per transaction.

Now the hot stocks in the market often suddenly rise sharply for two or three days, and then start to fall, until new funds are optimistic and want to relay the hype, and then enter the market at a certain price with a large amount of time to pull up again, but it only takes a few days Just complete the hype, the frequency is very fast.

Of course, in a market like Migumi, which does not have a price limit, the price increases of each surge are also very strong. It is impossible to play without an increase of [-] to [-] points, but the retreat after pulling up is also a troublesome thing. .

But fortunately, it is true that there is sufficient capital in the market now. Many stocks are suspected of being speculated in rounds. In just one month, they have been taken care of by multiple funds, and there are many small-cap stocks that have been speculated three or four times. yes.

It's not that Chen Fan didn't think about operating it before. After all, he could see how high these stocks rose, but after seeing a few stocks, Chen Fan completely gave up on this plan. These stocks are not only pitifully low in market value, most of them are only a few thousand Tens of millions of dollars, there is no way to store the huge amount of money in his hands, unless it blooms everywhere, but at this time Chen Fan has already started to quit, so it is naturally impossible to join in.

But at the end of the discussion, the bulls with an optimistic attitude must still have the upper hand. After all, there are not many here who hold the same views as Chen Fan, and most investors continue to be bullish on rice stocks.

Of course, the basis is still very sufficient. First of all, the US economy is developing well, the US Federal Reserve implements a loose monetary policy, and the market has sufficient liquidity.

The Internet, as a "new economy", has been praised by the public, media, research institutions, and capital. In fact, whether it is in newspapers, TV, or the Internet, such voices can be said to be growing.

Based on these two reasons, the United States, as the birthplace of the Internet, naturally possesses huge technological advantages and resources, which has led to a large amount of capital flowing into the United States to seek investment opportunities.

Soon, the crowd's discussion shifted from funds driving rice stocks to continue to rise to the huge funds that entered the market on Friday. It is true that Zhang Quan has not given Chen Fan an explanation for the funds, which god ended up sweeping the goods? .

Although it is said that customer transaction information must be kept confidential, such a huge amount of funds will definitely not be handed down by the large, medium and small ordinary institutions that occupy the absolute majority. In fact, there are only a dozen or so sources of funds with this strength, or they come from rich countries. Sovereign funds, or the most influential investment banks in the world.

Judging from their behavior in entering the market, Chen Fan is more inclined to invest in the rich countries. After all, money comes too easily. With a few shovels down, gold coins will pop up from the ground, and they can be sold for rice yuan when they are shipped. , is there anything easier in the world than getting money like this?
In fact, Chen Fan's guess is still very marketable. He didn't even say his guess, but many people have already voted for the sovereign funds of those rich countries. There is no way, they are so rich.

Even in the past two years, when international crude oil prices fell to historically low levels, when most crude oil extraction projects around the world were losing money, they still made money because the cost of extraction was too low.

Although the topic started to go wrong, Chen Fan still found that there are really powerful characters in this group of people, and they have also won oil fields overseas quietly, but now they are crying poorly, because oil production has not made money in the past two years, that is, last year In the second half of the year, there was a wave of rising international crude oil prices that lasted for half a year, and now it is barely profitable again.

(End of this chapter)