legendary trader

Chapter 824 825 Procrastination
After getting the news from Zhang Quan that Enron might be investigated by the US Securities Regulatory Commission, Chen Fan and others in the trading room were thinking about the meaning behind this news and its impact on the stock price.

No matter what kind of company Enron is, once it is investigated by the Securities Regulatory Commission, even if it is just attention, as long as the news spreads, Enron's stock price will not be hit.

There are many investment institutions among the shareholders of Enron, and their relationship with the US Securities Regulatory Commission is probably no worse than that of Oaktree Capital. Why didn't they take any action?
Looking at the current stock price trend of Enron, Chen Fan was very puzzled. Looking at Lin Hong and other traders, everyone was at a loss, unable to connect this news with the current stock price trend, everything was abnormal.

"Is the news reliable?"

Chen Fan asked suddenly.

"Absolutely reliable."

Zhang Quan was still very persistent. He knew the source of the information, so he could answer it in the affirmative.

"Then wait and see."

It is impossible for Chen Fan to ask the source of the news. After all, although he is also one of the shareholders of Oaktree Capital, he is only one of them.

As for Oaktree Capital's painstaking overseas market layout, it's good to know a general idea, as long as they can provide them with what they want when they need information, there is no need to care about the details.

Chen Fan is still very strange. Although this news is not a big bad news, it will definitely affect the stock price. But the news has reached him, but Enron's market has not responded yet. What are the investment institutions in the United States thinking?
At this time, Chen Fan unconsciously shushed a little, because the only answer he could think of now was that the banker who entered the market this time was very powerful, and he simply ignored such bearish news, so he still maintained Enron's stock price at this time. Near 33 yuan refused to fall.

You know, this is your opponent.

My side is still short, while the opposite side is definitely bullish on Enron's stock price.

In the following time, Enron's stock price was still very calm, and the intraday trading was still active, but the stock price never fell below 33 yuan.

After Zhang Quan reported the news to Chen Fan, he did not leave. Instead, he sat on the side and turned on a computer to watch the price trend of Enron. He had already returned from get off work at this time in the past.

In their line of work, the time is actually very flexible. There is no fixed working time. If there is a message or a task is given by the superior, then you have to work all night.

And Chen Fan didn't plan to leave early today. He had already said hello and left at this time in the past, but today's trend is indeed a bit weird. There is no problem with the trend, but it doesn't reflect that this news is abnormal.

Chen Fan didn't believe that the information given by Zhang Quan was exclusive news, the probability was too small, it was too nonsense.

Unknowingly, more than half an hour passed, and Enron's stock price was still at 33 yuan, and everything in the market was normal, and there was no surge in sell orders.

As the time came to 3 o'clock, there was still an hour before the closing of the rice stock market, and Enron's stock price gradually fell. The bulls still chose to resist around 1 yuan. There are still a lot of buy orders below, and the stock price seems to fall for a while not go down.

As the transaction continued, selling orders slowly increased, and Enron's stock price began to fall under pressure. The stock price has been at a high level for a long time, and it needs continuous buy orders to enter the market. Most of the transactions have been completed. At this time, there are not many buy orders. Now I still want to buy Those who entered were either intending to buy before the market closed, or they were pending orders waiting for transactions below, and the active buying orders have been greatly reduced.

A few minutes later, the continuous small sell orders disappeared, and the buying orders on Enron's buying price around 33 yuan were gradually consumed. Enron's stock price finally fell below 33 yuan silently. Except for a slight increase in active selling orders on the market , nothing else has changed, everything is so normal.

Although it seems that the current trend is normal and there is no abnormal situation, the rise and fall of the stock price is normal. No matter how strong the stock is, there will be short-term adjustments. It is impossible for the dealers to keep the stock price rising or sideways, but Enron's stock price fell. up.

In the subsequent trend, Enron's stock price fluctuated slowly and fell all the way. Although it weakened obviously, the market was still very calm, and there was no skyrocketing situation of big sell orders. Everything seemed to fall naturally.

This trend continued until the close. Enron's stock price closed at 32.29 yuan, down 1.07%. The trading volume remained at 1 million shares, but the volume shrank. This was all due to the market trading in the first half of the transaction. Active, there are many signs of heavy volume and higher again, but the strong performance has not been maintained until the close.

"Let's pay attention to the news later. You said that the US Securities Regulatory Commission is only discussing it now, and you will know how to go after the final result. It is not obvious today."

Chen Fan said to Zhang Quan, today's trend chart did not show that news, and the stock price trend was not abnormal, so Chen Fan could only say so.

Chen Fan was still thinking about this at the moment, so he left a little later. He left the trading room with Lin Hong. When he walked to the elevator, Li Wu and Li Jian had already followed. Although they were drinking tea in the lounge, the door was never closed. When Chen Fan left the trading room and walked to the elevator, he would pass by the lounge door, so the two of them naturally knew.

While standing in the elevator room waiting for the elevator, Chen Fan noticed that Lin Hong seemed to be thinking about something, and asked curiously, "What do you think of the future trend tonight?"

Chen Fan wanted to hear other people's opinions. What he thought was that the banker was powerful, so he was not afraid of bad news. What would other people think?
Chen Fan was very curious, so he asked, wanting to see what Lin Hong thought.

"Enron's main force controls the market very steadily, and the selling seems to be under their control."

Lin Hong naturally heard Chen Fan's words, and looked up at Chen Fan at this moment and said.

Hearing Lin Hong say that the selling was controlled by the main force, Chen Fan immediately became interested, "Tell me specifically."

"Mr. Chen should have thought about it too. Xiao Zhang got the news. There is no reason for the main force not to know, but they didn't make a move and suppressed the stock price first. This shows that they may not be buying stocks."

At this time, Lin Hong said in an uncertain tone. After all, this is just his opinion, and I don't know if it is accurate.

"You mean that the funds that entered the market this time are to manipulate a wave of rebound, and now they are actually selling? They were selling when it was 35 yuan?"

Chen Fan frowned and asked.

"It's weird here. Based on the selling volume at that time, it should be certain that almost all the stocks that were bought at the bottom before can be sold, but they are still maintaining the stock price. I can only guess that the main force this time may have already bought the bottom before buying the bottom. With a large position, they are actually in a quilt state, entering the market to buy bottoms just to save themselves."

Lin Hong continued, but immediately added another sentence, "This is just my guess, and I don't know if it's right."

Hearing Lin Hong's words, Chen Fan suddenly remembered the news that Zhang Quan had heard before. The negotiation between the senior management of Enron and those investment institutions was unsuccessful, and the two parties seemed to have collapsed, so there was an accelerated increase in Enron's stock price afterwards. falling trend.

But obviously, those shareholders who sold the stocks at that time must not have sold much, and most institutions should still be deeply involved. Thinking along this line of thought, Chen Fan seems to have a little understanding.

This rebound in the market is most likely to be launched by these institutions for the purpose of shipment, so that many incomprehensible details on the trend can be explained.

These institutions hold a large number of Enron stocks, so when the stock price started a rebound trend, there was not much selling along the way, and after more than 30 yuan, these people started to ship, and the market fluctuated, and then the volume increased. Chonggao means further shipments.

With this in mind, Chen Fan continued to think about it. They must have known about the actions of the US Securities Regulatory Commission, so today’s late trading weakened, and it is reasonable to say that they will continue to suppress shipments tomorrow. There is a high probability that they will not resist. Once they resist, it means The previous shipment failed.

As long as tomorrow's trend continues to fall, the possibility of this guess is very high.

After leaving Oaktree Capital, Chen Fan was still pondering over this possibility, because he felt that this might be the closest to the truth. He had forgotten about those shareholders before. Maybe they knew a lot about Enron, so they planned to clear their positions and leave. field.

Of course, with their size, it is impossible for these funds to come out if there is no big market.

What he didn't know was that a middle-aged white man was talking on the phone in a luxurious office in a certain building on Wall Street in York City, USA.

"Peter, please, try to delay as long as possible, even for a day or two."

The white man said to the other end of the phone in a very humble tone. He knew that since this kind of matter had been brought up in the meeting, it was impossible to continue to ignore it. According to the current situation, it is impossible, so the only hope is to delay the time, delay the time as much as possible, so that they can sell the stocks as much as possible before the outside world knows.

"Joseph, I know your current situation very well. I also came from there. It is impossible for you all to leave there. Sell it this morning. Although I don't know how big the problem is with Enron, but from the current newspaper The information disclosed by Enron must be problematic."

A male voice came out of the microphone, it should be Pete that the white man was talking about.

"We will speed up our pace. I will trouble you to help me with the matter of Peanutton."

Joseph said bluntly, "Do you want to come back after your term expires or do you want to stay? It seems to be easier to go to Peanutton. I stay here every day. I look good on the surface, and sometimes I envy you."

"Hehehe, I haven't made up my mind about this yet. Let's talk about it when the time comes. Why? Are you also interested in coming here? I'll help you inquire at that time to see if someone leaves. If there is a vacant committee member position, you can just come here. "

Pete said with a smile.

"That's right, anyway, everyone is constantly changing roles. Today I am still on Wall Street, tomorrow I will go to Peanutton to work, and when the term of office expires, I will come back and continue to work, haha"

After chatting for a while, Joseph hung up the phone, but instead of putting away the phone, he quickly dialed a number and said a few words before hanging up.

On Wednesday night, when Chen Fan came to Oaktree Capital, he walked into the door of the trading room and only saw Lin Hong and other traders inside. Zhang Quan didn't come over at this moment, which was not only a bit strange.

In the early hours of the morning, he said that he would follow the intelligence of the US Securities and Exchange Commission. At this time today, no matter whether there is any new information, he should come here, at least say no.

After sitting down, I briefly chatted with other people, and found that everyone seemed to accept Lin Hong's point of view. After further questioning, I found out that they had already expressed their opinions before, but the result of the final discussion still felt that Lin Hong's guess might be true. Be more precise.

Nodding slightly, Chen Fan smiled and said, "Let's see if Enron's stock price will continue to fall today. According to the previous trend, it seems that it will fluctuate around 32 or 3 yuan, but if it is really those institutions If we work together, if the news cannot be suppressed, we can only fall, but there may not be a sharp drop."

"The greatest probability is to procrastinate. Let the people from the US Securities and Exchange Commission quarrel first, delay the time, let them try their best to sell the goods first, and wait until the final news can't be concealed before making a move, and crazily fall and flee."

Lin Hong should have also considered the possible trend in the future. Judging from the market trend on Tuesday, those people seem to have no intention of disarming, and they should still want to resist.

It's just that those people should all understand the powerful relationship, and it's okay to delay for a short time. If you put your hopes on the SEC, only a fool would do that.

However, after the rice stock market opened on Wednesday, Enron's stock price only surged briefly at the opening stage and then began to fluctuate and fall. Similar to their speculation, the intraday buying orders were still very tenacious, but by this time, Chen Fan was no longer sure what the buying orders were. Is it true or false, and who issued these buy orders.

More than two hours after the market started, Zhang Quancai came late. After entering the door and saying hello, he sat next to Chen Fan and reported the latest situation in a low voice.

"There was a lot of controversy at the meeting there. Some members thought it was a joke to investigate a large listed company based on media reports, and believed that the SEC should not take action without solid evidence."

Hearing Zhang Quan's words, Chen Fan frowned and asked, "According to the laws of the United States, if the SEC investigates Enron without enough evidence, and if the stock price falls due to this, and Enron has no problems in the end, then the SEC may be punished." Shareholders whose interests have been damaged due to the stock price drop file a lawsuit?"

"Yes, they will think that the SEC's chaos caused them to lose money. Of course, they will only pursue the responsibility for the losses caused by the issuance of the investigation documents to the final closure of the case, and demand compensation. Besides, there is little reason to intervene in the market.”

Zhang Quan said on the side.

"That is to say, will they issue an investigation order in the end, or is it something else?"

Looking at the computer screen, Chen Fan asked in surprise.

(End of this chapter)