legendary trader

Chapter 788 789 Shipments
Hearing Chen Fan's nonsense, Zheng Xiaopang understood what Chen Fan meant. It seemed that the short sellers' retreat on Tuesday was strategic, and they didn't really admit defeat. The market should still have the possibility of repetition.

"The trading volume in the index futures market is heavy, what if the short sellers take the opportunity to run away?" Zheng Xiaopang said with a frown, "It's normal to run away if you can't win."

"The amount of open interest can never be false, right? If you stare at this indicator, you will know whether the shorts are running or not."

Chen Fan smiled.

The two chatted for a while, and it was probably about the same, so they got up and went back to the house.

When I entered the room, I saw several people gathered together, as if they were still discussing something.

"It's quite lively, do you think my idea is reliable?" Chen Fan said as he returned to his seat and sat down.

When they saw Chen Fan and Zheng Xiaopang coming back, they all silenced, but He Li said: "Mr. Chen, your idea can be done, but it's a bit difficult."

"That is, do you think it can be done?"

Chen Fan asked.

"It can only be said to try. We are still discussing the specifics and have not yet decided."

He Li replied that it could be seen from the tone of his speech that he really lacked confidence.

Chen Fan just smiled at this, "Let's talk about the initial thoughts."

"The pullback today and tomorrow is to pull up large orders and ship small orders, so that the market can know that we are still operating and have not withdrawn. If this operation is good, we should be able to sell a small amount of stocks, but it is estimated that there will not be many.

It was the last time that I wanted to ship a large amount of goods during the Friday pull-up process. This is really a bit difficult and requires luck. After all, the buying in the market is like that. We can’t say whether it can be attracted, but the premise is still you That being said, it is only possible that the market has been trending well these days. "

He Li said after thinking about it.

Although Chen Fan is still not sure about the trend in the next few days, he still has some guesses about the trend, especially after being hit by a short seller once, Chen Fan believes that the main funds in the market cannot remain indifferent.

Although I don't know that hot money is attracted, this matter is not considered by the main force, but the market must continue to rise in order to eliminate other investors' concerns about the market.

"try your best."

Chen Fan didn't have much confidence in his mind, but felt that after the market soared, the main force might really retreat, so he was still a little anxious, so he came up with such an idea, hoping to sell at least tens of millions of shares Qualcomm stock.

He Li and the others continued to plan the trading plan for the evening, while Chen Fan and Zheng Xiaopang found a reason to leave here. Anyway, there will be a written report for him to read at the end. If they don't need to stay here, they feel uncomfortable. Not comfortable talking.

On Wednesday night, the market did not meet Chen Fan's expectations. As expected, the market opened lower, which gave many investors a blow.

The Nasdaq opened at 4025.9 points, and opened as much as 123 points lower, and almost jumped 4 points to open the market.

After the market started trading, the index has been falling all the way, and it has completely lost the arrogance it had when it was pushing up all the way at the end of yesterday.

Qualcomm's stock price opened at 72.31 yuan, which was also 1 yuan lower. The only difference is that this opening price was the result of their discussions. After the market opened, it continued to decline as the Nasdaq fell.

However, it is different from the trend of the broader market. After a period of decline in the market, there will inevitably be a trend of heavy volume and rising. There are repeated big buy orders in the market. The signs of the market maker are full, but every time it rebounds, it will inevitably be suppressed by the market trend. , the overall trend is still declining.

The Nasdaq went all the way back to around 3900 points before it stabilized and stopped falling, and then the trading volume began to explode again, and the index began to rise.

In fact, the trading volume of rice stocks has not been released during the decline, and the most noticeable thing is that although the underlying stock market has fallen, in the futures index market, all three major index futures continue to rise slowly, completely staged a forced market. The empty market has truly broken away from the shackles of the underlying stock market.

After yesterday's sharp drop to skyrocketing market, not only among institutions, but also in media reports, there have been reports that the rice stock market fell this time because of a big short in the market, but at first most investors were right. This scoffed.

In their cognition, there is a strong bull force in the rice stock market, and no short seller dares to act wildly in this market. Even after yesterday's sharp drop, in their view, this is just a washout by the main bulls.

But today, the obvious divergence between the underlying stock market and the futures index market all hints to them that there are indeed short funds in the current rice stock market, and it seems that they have been caught by the bulls. Search for a wave, otherwise there is no reason for the obvious difference between the two markets now.

The divergent trend of the two cities is seen in the eyes of everyone, which naturally increases the investment confidence of investors.

If the bulls want to reap the shorts, they will naturally maintain the upward trend of the market, and the main force has not reduced their positions and left the market.

This kind of judgment was quickly confirmed in the minds of most investors in the market. Although the rice stock market was falling, the mentality of investors was extremely reassuring.

As the popularity gradually increased, the rice stock market also began to rebound. Finally, at the close, the Nasdaq closed at 4169.2 points, up 21 points throughout the day, an increase of 0.49%.

Qualcomm closed at 70.62 yuan, down 2.69 yuan, or 3.67%, with a turnover of 2.9 million yuan, a sharp drop of [-]% from the previous trading day.

After the rice stock market closed, He Li and the others were still very happy. Today was considered as a perfect completion of the task of the first day, and more than one million shares were successfully shipped, and the market has not yet triggered a sell order.

While Oracle Software closed at 37.97 yuan yesterday, today's rise is more obvious, closing at 39.12 yuan, an increase of 3.03%.

As for the futures team, there was no trading today. Although the Nasdaq futures contract for June has risen to 6 points, it obviously did not meet Chen Fan's expectations. It must rise a little bit before starting to sell.

The futures index market is now at a sharp premium, which has shaken Chen Fan's point of shipment. Before, he thought about starting to close positions around 4300 points, but now the market has a premium of nearly [-] points, which is hard to grasp.

When the Nasdaq reaches 4400 points, according to the current level of premium, it is not that the futures index will reach 4500 points, and it is not very appropriate to start shipments at 4300 points.

But soon Chen Fan stopped thinking about this matter and made a decision on the spot. He will definitely continue to stick to his post for the remaining two days of this week, and he will issue an order to close the position at any time.

On Thursday, when the rice stock market opened and on Wednesday, it completely dropped one by one.

The Nasdaq opened at 4266.8 points and rose 97 points at the opening. Most stocks in the market also opened higher.

Qualcomm opened slightly higher. At this time, the negative line cannot be lengthened. However, after Wednesday’s shock, market confidence recovered quickly. It is definitely not appropriate to continue to lower the opening price, so Qualcomm’s opening price was set at 70.68 yuan.

After the market opened, He Li didn't care about the overall upward trend of the market. He just started to push down the stock price wave after wave after a slight push up at the beginning of the market opening, making Qualcomm's stock price deviate from the market trend. Shipment is also according to the hearts of shareholders.

After continuous shipments at lower prices, when the market finally closed, Qualcomm’s stock price closed at 69.56 yuan, a drop of 1.06 yuan, and the trading volume also shrank slightly. However, the results of today’s shipments were very good, and nearly 2 million shares were sold. After continuous After two days of shipments, Qualcomm's shareholding also dropped to 2972 million shares.

However, the Nasdaq did go up and down. Chen Fan could feel the power of the market's selling during the fall. It should be the main force that shipped here.

However, as a veteran who has manipulated the market for a long time, he naturally did not say anything about maintaining the graph. What was left on the daily chart of the Nasdaq Index on Thursday was a sun cross star with upper and lower shadow lines, which seems to be a retracement trend, and it also seems to indicate On Friday the market will have a choice of direction.

As for Oracle Software, it had a good uptrend on Thursday. Maybe after a few days of testing, it felt that there was no big exit funds in the market, so today the market makers gradually increased their efforts to push up the stock price. Finally, Oracle Software closed at 41.09 The rice yuan rose by nearly 2 yuan, or 5.04%.

Zheng Xiaopang had the urge to leave the game today, but was calmed down by Chen Fan.

"Return tomorrow, there is no rush today, there should be a better price tomorrow."

This is the reason given by Chen Fan, and Zheng Xiaopang listened to it.

A day passed quickly, and as the stock market rose for two consecutive days, the market has fully accepted the fact that the main short sellers in the market have been defeated by bulls.

When Chen Fan was chatting with Zheng Xiaopang on Friday afternoon, Chen Fan suddenly came up with another idea.

"The market has traded a lot in the last two days. Of course, it has gone up well. If the main force really escapes smoothly in the past few days, if you say that you suppress the stock price with a backhand, will you be scolded by investors who have lost money? Is it their counterattack that broke the long money?"

Chen Fan said this because more insider reports about the continuous circuit breaker of the rice stock market appeared in the York City Daily in the United States today. According to some inside stories revealed in the report, the funds for shorting rice stocks this time are extremely strong , the main funds come from continental Europe and island countries, and even the wealthy countries in the Middle East also participate.

Chen Fan already knew the news about the source of short funds from Xu Jing on Thursday afternoon, but he didn't know whether the news was true or not.

However, at the end of the report, according to the usual practice, citing sources who did not want to be named said that the Migumi government is negotiating with financial market regulators and hopes to revise the rules on circuit breakers.

In normal times, the news of revising the trading rules would be a major news, but in this report, it is only briefly mentioned, and the focus is all on exaggerating the source of short funds and the impact of the violent shock in the rice stock market. .

According to the report, during the decline of the stock market, more than 1 futures market players had their positions liquidated, resulting in huge losses and even several bankruptcy cases.

"You mean that the American guys are shameless in doing things, and they have to be blamed for their bad deeds?"

Zheng Xiaopang also read the news, and naturally understood the meaning of Chen Fan's words, "If this is really the case, there may be a real wave of tragic decline after peaking this time, anyway, someone has already taken the initiative to come in to back it up, haha .so bad."

"Although it was just a possibility that I thought of in a flash of inspiration when I saw this news, it has really become a fact if I think about it."

Chen Fan also grinned.

"Does it count as stealing the chicken or losing the rice?"

Zheng Xiaopang responded with a smile, then stuck out his tongue and licked his lips and said, "With the backer, can we be bolder?"

"It depends on the situation. If everything goes well tonight, I don't mind making a little effort to help the Americans, and it will be considered a good deed."

Chen Fan smiled.

"Well, if the shipment goes well, it can indeed be done. There is no problem with the polishing of Oracle's software tonight. It depends on how Qualcomm is doing."

After finishing speaking, Zheng Xiaopang picked up his teacup and took a big sip.

In the evening, the Nasdaq index still opened higher, opening 4354.1 points higher at 87 points.

Qualcomm's stock price also opened higher, opening at 70.94 yuan, and rose 1.38 yuan at the opening.

Of course, this is only superficial. Qualcomm’s share price fell following the Nasdaq’s pullback after the market opened, but the decline was much sharper. Under the pressure of He Li’s continuous large-scale selling orders, the stock price quickly fell below 70 yuan, and the gap was quickly closed. , stabilized after reaching a minimum of 69.38 yuan, and then broke out.

This diving shock has also been deliberated over and over again, and the purpose is nothing more than to shake out the funds that are going to leave the market today.

Because Qualcomm's stock price has deviated from the market trend for two consecutive trading days, it is believed that some people are planning to leave the market before the weekend.

Creating a sharply higher opening is to give them a chance to sell, and a sharp sell-off is to induce them to sell stocks at a low price, eliminating the possibility of leaving the market at a high price.

It should be said that this operation was quite successful. When He Li started to raise the stock price with a large amount of money, there were more than 60 shares sold on the market.

Qualcomm began to create an ascending channel, because only the ascending channel can most stabilize the confidence of funds in the market. As long as the channel is safe and stable, few investors will choose to leave the market at this time.

It's just that the strength of each pull-up is gradually increased, and the corresponding increase speed is accelerated, and the time for callbacks and oscillations will be a little longer, which is also convenient for shipments, but generally speaking, the upward attack still maintains a sharp momentum. It is also a way to attract funds to follow up. Only every time it is pulled up, it can give the funds entering the market a certain profit space, and it is easier to motivate them to enter the market to buy stocks.

The trend of the Nasdaq today is also relatively stable. It may be very similar to Chen Fan's idea. It seems that after two consecutive days of rising, the main force of the market also wants to use the steady rising trend to calm the market's restless heart. After all, today is already the weekend. It is inevitable that funds will choose to leave the market.

However, the futures index market, which is the key point, quickly broke through 4400 points after the market opened today, leading the market to rise again.

"Today we will close all long orders."

This is what Chen Fan told Ning Yongyou and the others after the market opened. Of course, he did not forget the Oracle software.

Oracle Software’s stock price opened at 41.84 yuan today, and soon after the opening, it stood at 42 yuan. The subsequent operations were simple. Zheng Xiaopang and Xiaoye began to sell stocks in batches, more than one million shares, regardless of cost. Under normal circumstances, shipping is still very simple, at least much easier than closing positions in the futures market.

(End of this chapter)