legendary trader

Chapter 793 794 Spread
While Chen Fan was thinking about it, the Nasdaq's pullback continued.

Although this rebound refreshed the intraday high, the weakness of the market has also been exposed. In fact, this rebound has sounded a wake-up call for the funds on the market, and while Chen Fan was still thinking wildly, selling orders on the market was quietly increased.

"Throw it quickly and get ahead of them."

At this moment, Chen Fan heard He Li's voice suddenly, and looked back at the computer screen. At this time, Qualcomm's market changed drastically, and a large number of selling orders began to jump the price, and the stock price began to appear from around 69.8 yuan. Diving trend.

"Did they make a move?"

Seeing this situation, Chen Fan immediately guessed what happened just now.

"Suddenly a big order started to be thrown out just now, and we were a step behind. Let them take the lead."

He Li hurriedly replied.

Chen Fan immediately opened the transaction and it was obvious that when Qualcomm's stock price fell to 69.82 yuan, someone suddenly sold two stocks with a total of 50 shares, and directly smashed the stock price to 69.6 yuan, cashing out nearly 4 million yuan Yuan.

Although it is not sure whether the seller is the fund, this selling order became the trigger for Qualcomm's stock price to dive, and then saw a large number of selling orders entering the market, frantically selling at low prices.

At this time, it is no longer important to find out who is selling. Chen Fan knows that even if the other party did not sell the order, the other party will think that it is his side that sold the order.

"Go ahead, this sale order has broken the previous tacit agreement."

Chen Fan shook his head and said with a sigh.

As the two stocks began to compete for shipments, Qualcomm's stock price fell rapidly like a snowball. The price of 69 yuan fell easily without any support, followed by 68 yuan and 67 yuan.

The dive of Qualcomm's stock price gradually stopped after it fell by more than 3 yuan. The main reason is that there are not enough buying orders below. If it continues to fall, it will become an empty kill, which is not good for everyone.

At this time, Qualcomm's stock price was only 66.27 yuan. Although there was a slight rebound afterwards, the stock price reached 66.5 yuan and could no longer continue to rise.

At the same time, the decline of the Nasdaq has gradually begun to accelerate. As more and more investors are bearish about the market outlook and are rushing to sell their stocks, the Nasdaq is also falling faster and faster. There was no strong resistance, and it broke through the rapidly enlarged trading volume, and then more selling orders began to pour out, and the Nasdaq quickly fell to around 4 points.

For most of the next half day of trading, the market no longer had the volatile trend at the opening, and it was even impossible to maintain a basically balanced market.

People in the market also saw that it seemed to be really dead, and they chose to ship at a price, which caused the lows of many stocks to be refreshed continuously, and the Nasdaq continued to fall and hit new lows.

Trading continued until the close. The Nasdaq closed at 3769.6 points, down 286 points, or 7.06%.

If it weren't for the modification of the circuit breaker mechanism over the weekend, there is no doubt that Wednesday would be another circuit breaker event.

When Chen Fan saw this drop, he couldn't help but think, maybe this is just the beginning, or why did the US Securities Regulatory Commission modify the rules so coincidentally.

He could only sigh, fortunately, he had a long view and guessed that the banker had a strong background so he didn't provoke him.

Qualcomm's stock price also fell sharply today following the market trend. Although they have been very restrained in the following time and tried to avoid continuing to sell low shipments, they still failed to prevent the stock price from continuing to fall. In the end, Qualcomm's stock price closed at 62.56 yuan, a sharp drop 6.16 million yuan, a range of 8.96%, with a trading volume of 841 million shares throughout the day.

He Li was the first to be robbed today, but later he took the initiative and successfully sold about 2 million shares. Now Chen Fan still has 817 million shares that have not been sold.

For the stock worth 5 million yuan, Chen Fan is really not very concerned about it now. There are still two trading days in this week. Thousands of empty hands, as the market fell, this investment has been making money for him.

As for expecting the market to stabilize and recover, stop talking nonsense. Now Chen Fan's position is already one of the big short positions in the market. Although it may not rank high, it is definitely a short position. Point losses can be easily earned in the futures market.

The three major stock markets all fell sharply in the first three days of this week, and the Nasdaq even approached the low point set at the beginning of last week, which not only had a huge impact on investors in the rice stock market, but also caused a sensation in the global financial market.

The hot money that evacuated earlier began to focus on it again. During this period of time, there were not many investment opportunities in the global financial market. Most of the hot money now has a lot of idle funds in their hands. Suddenly, it seems that there are many opportunities for rice stocks, so they are naturally attracted. coming.

The media quickly spread the news that the Nasdaq fell 7 points again immediately after the rice stock market closed, attracting the attention of various countries.

It's such a coincidence that just after the circuit breaker mechanism was modified, the Nasdaq directly broke the 7% drop limit, which not only aroused the imagination of more conspiracy theory lovers.

Now regarding the policy of adjusting the circuit breaker mechanism in the United States over the weekend, various speculations are emerging.

As the main channel for spreading rumors, the financial forums of various countries are already full of rumors at this time.

However, most people still think it is a coincidence, but there are still many people who think that the bear has affected the decision-making of the US government.

In such a view, the energy of the bears is undoubtedly exalted infinitely by these people.

Just kidding, it can affect the government management, can the power of short sellers be small?

TV stations and newspapers from all over the world rushed to report the news of Mi Stocks, which of course caused a fierce reaction from the society. Some time ago, they were still singing the praises of technology changing life, but why did technology companies fail in a blink of an eye?
At this time, the status quo of more and more so-called technology companies was gradually revealed to the public through reports by reporters.

Huge investment in scientific research, ineffective research without a market, and many so-called ideas that are thought up by themselves, just because the project relies on the Internet, and it is not yet possible to confirm whether it is feasible or not, it is boasted packaged as so-called tech items
At noon on Thursday, Chen Fan was planning to go to the restaurant for dinner when he received a call from Liu Ying.

Seeing the incoming call displayed on his mobile phone, Chen Fan knew why Liu Ying called. Although he had just woken up not long ago, he could also imagine that the sharp drop in rice stocks in the early morning must have been known all over the world.

In order to avoid Liu Ying's worry, Chen Fan quickly picked up the phone, and after a few greetings, the conversation got to the point.

"I said daughter-in-law, are you still worried about your husband's ability?"

Chen Fan said swearingly into the microphone: "Most of the investment in Migu has been withdrawn, and the money left in the stock market is about 5 million. Hmm, you know that you have already made tens of billions. Even if all this money is thrown into the market, it’s fine. Hey, don’t worry about the milk powder money, I’ve just shorted the futures here, and now the more it falls, the more we’ll make.”

Without Zheng Xiaopang these two days, Chen Fan was not used to being alone in the resort.

But even if you go home, you won't spend too much time at home. For half a day, Chen Fan is too lazy to move. What's more, when you go home to serve your wife, taking care of pregnant women is not as easy as you think. .

Anyway, the family hired a special nanny to take care of Liu Ying's daily life, so Chen Fan still planned to stay in the resort to pick up laziness.

In the afternoon, I received a call from Zheng Xiaopang again, and after talking for a while, I finally told him about the situation in the past two days. The fat man will not return to the imperial capital until Friday. Some business is up.

Ignoring the fat man who kept complaining on the phone, Chen Fan hung up the phone decisively.

In the evening, it is no surprise that the Nasdaq opened higher tonight. The Nasdaq opened at 3839.6 points, while Qualcomm also opened at 64 yuan without any support, an increase of 1.44 yuan.

The stock market continued to fall, and the securities regulators in the United States finally couldn't sit still. They gave speeches one after another to cheer up the market. After all, in the United States, the rise and fall of the stock market represents the state of economic development.

Although we know that there are obvious signs of capital manipulation in rice stocks, especially in the Nasdaq market, and the stock prices of many stocks have exceeded reasonable prices, at least the prices determined by the current measurement methods for measuring stock price values, but a stock market decline is definitely not a good thing. This will greatly weaken the economic aggregate of the United States.

When measuring a country's economic aggregate, the stock market is also an important part of a country's assets.

Relevant departments in the United States have continued to release news. Although they don't know if they can stabilize the market's stock holding mentality, the high opening of the rice stock market on Thursday can still explain some problems.

After the Nasdaq opened higher, there was a wave of slightly higher trends, but obviously the market turnover did not keep up. After reaching 3914.7 points, the rebound ended, and then the market returned to the trend of the previous few days. The index keeps slipping.

The only thing that has changed is the Dow and the S&P. Today, many departments continue to blow out and disclose all kinds of good news. In addition to the Nasdaq index, the other two indexes have stopped falling and stabilized.

At the close of trading, the Nasdaq closed at 3676.8 points, down 2.46%, while the Dow and S&P rebounded slightly.

Qualcomm closed at 63.25 yuan today, a slight increase of 0.69 yuan, or 1.1%. The trading volume was slightly enlarged compared with the previous trading day, reaching 927 million shares.

He Li sold 226 million shares today. It should be said that today, stimulated by various good news from the US government, there were a lot more buying orders in the market, and by the way, today's shipments also exceeded yesterday's.

Now Chen Fan still has close to 6 million shares of Qualcomm stock in his hands. It only takes two more days to complete the task of polishing all the stocks at least next Monday. By then, there will be only short positions in Nasdaq futures in his hand. The more the market falls, the more you earn.

Thinking about it, Chen Fan still felt a little excited.

In the morning, I talked to Liu Ying on the phone about looking for money for milk powder. What is the money for milk powder? It is more than enough to buy several large dairy farms. The milk is not only enough to drink, but also enough to take a bath.

Rice stocks showed a divergent trend on Thursday. The Nasdaq continued to fall, but the decline was significantly narrowed, while the Dow and the S&P index rebounded. Naturally, they were featured in subsequent news reports and financial programs. Fan.

Chen Fan has no interest in these kinds of reports. The current trend is very clear, and the top day will be stalemate here for a few days, but the market's downward trend is already set, and it is impossible to recover.

I just took over the summary information of relevant reports from Zhang Quan in the afternoon, and briefly looked at it.

When Zhang Quan was about to leave, he suddenly stopped again, as if he had something to say, but he seemed a little hesitant.

Chen Fan wondered, "What's the matter? What's the matter?"

"Mr. Chen, it's like this. After the rice stock market closed this morning, some remarks about Miruan's lawsuit appeared in financial forums in the United States, and soon spread to major financial forums around the world. Although newspapers and TVs have not yet It’s too late to release, but I think it should have already spread.”

Hearing Chen Fan's question, Zhang Quan spoke directly.

"It should be spread. How long can this kind of news be kept secret, not to mention that it is still being spread by someone with a heart, and its scope is still under the control of others. Now that it is spread through the forum, it is impossible to see."

Chen Fan was not surprised when he heard the news. In fact, he had thought of it a long time ago, and sooner or later it would spread.

"Indeed, this news was passed very quickly from one forum to another, and it was obvious that someone was deliberately walking around."

After Zhang Quan finished speaking, he took his leave and left.

At around 5 o'clock in the afternoon, Zheng Xiaopang finally came back from Shanghai.

"Not locked by Father Zheng?"

When he saw Zheng Xiaopang coming over, he teased him.

"I was not allowed to go out for the first two days, alas."

Zheng Xiaopang muttered, "After another two days of grinding, I promised to take over the family's food company first before giving up."

"If you take over the marriage early, you can leave the business to your daughter-in-law to take over."

Chen Fan gave Zheng Xiaopang an idea at this time, he did it this way, and it can be regarded as his own experience, and there is no sense of disobedience when he said it.

"That's right. After the establishment of the company, it was Sister Ying who was in charge. You are just a shopkeeper."

After hearing Chen Fan's words, Zheng Xiaopang nodded tacitly, as if he already had an idea.

"Soon, I'll get married in the second half of the year, and then I'll sell the business. I've already decided on the cruise ship. I'll have the wedding on that cruise ship, and then I'll fly out for my honeymoon."

Zheng Xiaopang smiled, but his eyes turned towards Chen Fan.

"I took my son on my honeymoon."

Chen Fan immediately understood what it meant, and said tit for tat, and the two of them burst out laughing after finishing speaking.

When the results of the rice stock market call auction came out on Friday, Chen Fan knew that it was too naive to think whether the market could stop here and continue to fall.

The Nasdaq opened at 3597.4 points. It not only directly broke through the low point at the beginning of last week, but also jumped over there. If such a gap cannot be completely closed today or in the next two or three days, it will be a downward breakthrough. If there is a gap, the lethality to the market is very huge.

But thinking of the ongoing Miruan lawsuit, Chen Fan knew that today might be another big drop, and yesterday's adjustment was just to give the regulatory authorities a little face.

(End of this chapter)