legendary trader

Chapter 855 Chapter 856 Clearance and departure
As the sellers calmed down and regained their sanity, they still chose to jump off the broken ship of Enron. Faced with the short-term funds that entered the market and wanted to gain a rebound, they sold their stocks one after another. It was soon overwhelmed by a huge amount of selling orders, and Enron's stock price hit a new low again, directly rushing to 0.9 yuan.

"Nine gross receipts of 9 million shares."

Just as everyone was sitting leisurely in front of the computer watching Enron's stock price dive, Chen Fan's voice suddenly reached everyone's ears.

"Mr. Chen, isn't it a little early?"

Lin Hong was slightly taken aback when he heard Chen Fan's words suddenly, and then he spoke.

"There's not much room left, and now that the market is selling, it's time for us to get out."

Chen Fan didn't hesitate, and spoke directly.

"Huh? Really, Enron's stock price can't fall into negative numbers."

What I thought before was that the lower the stock price of Enron, the better, and the lower it was, the more profits they made.

But in the end there is always a limit.

Enron's stock price has already fallen below the price of 1 meter, and if it continues to fall, there will be less than 1 meter of space. From the opening to the present, Enron's stock price has fallen by 4 1 meter, and it can still be expected to fall. Is the 5th coming?
At least, from the short-lived vacuum in Enron’s selling orders after the stock price fell below 1 million yuan, we can see the contradictions and entanglements in the hearts of investors who currently hold Enron’s shares.

It was fine yesterday, but in just one night, there was nothing, all bad news, even if Enron immediately declared bankruptcy, it didn't seem to be a very strange thing.

In the frenzied sell-off wave, Enron's stock price quickly fell below 0.9 yuan, but this time the buy orders below also entered the market frantically again. After the stock price took another big step, they chose to enter the market again to buy bottoms.

Enron's stock price fluctuated violently at 0.9 yuan, a large number of buy and sell orders collided fiercely here, and tens of millions of shares were traded every second.

In less than 2 minutes, Lin Hong suddenly whispered to Chen Fan: "Mr. Chen, our 1 million shares are almost enough, follow up"

Before he finished speaking, he was actually waiting for Chen Fan's further instructions. After all, Chen Fan's words made it very clear that the receipt of 1 million shares did not mean that all positions would be cleared.

"Then stop, the stock price should come down in a while, and we continue to buy."

Chen Fan said with a smile on the corner of his mouth.

Because they entered the market with a buy order of 1 million shares, in a short period of time Enron saw a balance between long and short positions, which indeed attracted some desperate short-term funds to enter the market to rebound.

After all, Enron's stock price is really low now. If you buy it at 0.9 yuan, as long as Enron's stock price rises to 0.95 yuan, it will only increase by 5 cents, which is more than 5% of the income. It's a profit.

The starting point is low, and there is no need to increase much, which is a huge profit.

And what these short-term funds usually do is to grab this little money, such a little money in front of big institutions.

But what they met this time was Chen Fan, and Chen Fan wanted to give them a break at this time, because it could have ended quickly at 0.9 yuan before, and it wouldn't affect Enron's stock price for too long. The work can be completed in less than a minute, because the entry of these short-term funds took more than a minute to complete.

On Enron's board, after the stock price fell below 1 meter, the market's trading volume really began to be completely released.

In the previous rebound at 0.96 yuan, due to the lack of selling orders, during the whole process from bottoming out to rebounding to 1 million yuan, the cumulative turnover was only more than 0.9 million shares, but this time at 5 yuan In the nearby transactions, the trading volume on the disk exceeded 1 million shares. In addition to the [-] million shares that Chen Fan took away, how much hot money chose to enter the market to rebound.

In their calculation, as long as Enron's stock price pulls back to 1 million yuan, they can choose to sell slowly. They don't plan to hold Enron stock for a long time. At this time, those who choose to hold Enron stock for a long time will only be fools.

And as long as Enron's stock rebounds, with Enron's current stock price, those shareholders should be reluctant to sell. This will give them an opportunity. For the current Enron stock, a few cents is a big profit.

Of course, these hot money are also aware of the dangers of the market. Although they entered the market and bought a lot of Enron stocks, they are actually only small numbers, which are only a small percentage of the funds they can use, because they are very clear about the current situation of Enron.

At this time, a large number of buy orders under Enron were withdrawn, and Enron's disk was a little empty.

Previously, because he wanted to complete the transaction of buying 1 million shares as soon as possible, Lin Hong instructed the traders to place a large number of orders below 0.9 yuan. Chong, even rushed to 0.93 yuan in the intraday.

However, they still strictly follow the previous instructions, and the stock price is hanging around 0.9 yuan. However, after this operation, not only the trading time is a little longer, but Enron's market seems to have bottomed out successfully again.

At the same time, it naturally made their purchase cost a little higher for this operation.

At least after the end of this operation, their purchase cost will come out, 0.903 yuan. If there is no accident according to the plan, the purchase cost will probably be reduced to less than 0.9 yuan, and even the stock price will become more and more expensive. It would have been lower.

But the sense of short-term hot money is too sensitive, they only listed more than 200 million shares, and after a little support for the falling speed of the stock price, these grabbing orders came.

Under their interference, and because they supported the bottom, Enron's stock price fluctuated violently back and forth between 2 and 0.897 yuan in those 0.933 minutes.

It’s all right now, the buy orders around 0.9 yuan have been reduced by half, and these hot money naturally smelled something wrong with the market, and the funds that reacted so quickly immediately backhanded and left the market, and their actions aggravated the decline of Enron’s stock price. It quickly overwhelmed other short-term funds.

The impact of the fall in Enron's stock price is still very strong, and a large number of investors have become numb. They will only place sell orders mechanically following the stock price drop, and have no time to think about it.

Enron's stock price started a new round of diving from 0.9 yuan. Unsurprisingly, the stock price fell below 0.8 yuan.

However, the big reason for the decline to the present level is the effect of short-term funds killing the market. Although there are still many investors who are selling, the leading selling orders are those short-term funds that admit defeat.

They have already realized that they have been sold by someone, and someone left the market first. Although they don't know whether these funds are short-term hot money from the previous grabbing, or funds that have already made up their mind to leave the market, it doesn't matter anymore.

Now there is not much time before the rice stock market closes, so they chose to kill the market without hesitation, and they will not let Enron stock stay in their hands overnight. Natural departure is very straightforward and decisive.

Seeing that Enron's stock price broke through 0.8 yuan, Chen Fan laughed and shook his head. Up to now, Enron's stock price has fallen by 85% today, which is a terrible drop. Chen Fan feels that if the pressure continues, no one will be affected by the stock price.

This wave of decline was very fast, but he and Lin Hong also analyzed in a few words that the possible leading force for the decline came from the hot money leaving the market just now, and the market has already shown signs of short-term oversold, although this is determined by fundamentals.

"Let's start collecting, and take back the remaining 1 million shares here. It doesn't make much sense for us to continue to fall."

Chen Fan made his own decision after a little calculation.

Even if Enron's stock price fell by another half yuan, for them, it would be nothing more than an increase in profit of 5 million yuan. How valuable is it?
For a project that has already made a profit of about 20 billion yuan, the increase in profit of 5 million yuan really has little effect, and it is dispensable.

Hearing Chen Fan say to close all the positions, Lin Hong just thought about it for a while and realized that it is really not worth continuing to hold positions.

The space is so big, if it continues to fall now, it seems that the price difference is not enough to cover the interest that needs to be paid, and it is time to stop.

Immediately, Lin Hong nodded and distributed the task of closing positions.

Because the market was close, they entered the market very quickly this time, placing orders and sweeping goods quickly.

Originally at this position, the selling orders had been reduced a lot, so the stock price was quickly swept up.

Although Enron's stock price was smashed through 0.8 yuan, and when Lin Hong and the others entered the market to sweep the goods, they had no funds to compete with them for bargaining chips, but because there were really few sell orders at the selling price here, after sweeping several million shares, Basically wiped out all the chips below.

Without a bargaining chip, naturally the stock price could only continue to sweep upwards, and soon Enron's stock price trend line fell from the previous straight line to a tick and turned sideways, and soon began to rise after a bottoming trend appeared.

However, for most people who are still paying attention to the trend of Enron's stock price at this time, although it is very obvious that buying orders are entering the market, no one dares to pursue them, and they were all scared by the previous time.

Soon, Enron's stock price rebounded to 0.85 million yuan driven by Lin Hong's buy order. After the stock price rose, there were more and more selling orders, but it didn't matter. Chen Fan had already decided to leave the market. Before the stock market, they will not stop this time.

Soon, a little trading volume was released around 0.85 yuan again, but the selling was obviously not suppressed, and Enron's stock price continued to rise, and it did not cost much to reach 0.88 yuan. Institutions are very confident and have great intentions to continue to increase the stock price.

"It's almost 9 million, should I recycle it?"

When the stock price reached this point, Lin Hong suddenly whispered to Chen Fan.

He felt that this wave of rise was a bit too much. The stock price has risen by more than [-]% from the bottom, so he wants to take it back. It's a little bit lower.

But at this moment, Chen Fan paid an unusually high attention to Enron's stock price. He just shook his head at what Lin Hong said beside him.

Not being recognized, Lin Hong had no choice but to signal traders to continue placing orders to buy stocks and fill up the quota of 1 million shares.

Soon, the trend line of Enron's stock price, which was a little hesitant just now, began to rise again. This was to continue to increase the amount of buying, so it pushed up the stock price and waited for more sell orders to come out.

When Enron's stock price rushed to 0.9 yuan, Enron's market finally began to change. At least Chen Fan noticed that the speed of buying orders entering the market increased significantly at this moment, and it was no longer their buying orders.

Although other investors were also buying when they bought stocks before, the orders were very small, and most of them should have the idea of ​​taking a gamble, and follow up with small orders.

However, after Enron's stock price rose from 0.8 yuan, there was no change in the initial stage. There were almost no orders except for their orders. After the action, the stock price still continued to rise, and naturally some people began to think about whether this time it really bottomed out.

Although Enron's current situation is very bad, to be honest, everyone is aware that Enron may go bankrupt, but in everyone's subconscious, they still feel that the probability of bankruptcy for such a big company as Enron is still extremely low, and there are still three pounds of broken ships. Nail, let alone Enron.

I have this awareness, but I still have some doubts, so after Enron's stock price rose sharply, there were sporadic buy orders entering the market, and this atmosphere is still spreading rapidly. After Lin Hong and the others just completed the last 1 million shares of Enron During the collection of stocks, Enron's stock price did not start to pull back because of their stop, but continued to rise driven by new funds.

There is a clear difference between this rise and the previous rise.

Regardless of whether it was the rebound launched when it fell below 1 meter or the rebound launched at 0.9 meter later, although they all started after hitting a new low, the height of the rebound is actually limited, at most it is only a few points.

But this time is completely different from before. After Enron’s stock price rebounded from 0.8 yuan, it was obviously suppressed by sell orders around 0.85 yuan and 0.88 yuan, but the buy orders were carried over, and the stock price continued to rise. , obviously, after falling below 0.8 m yuan, it seems that the downward momentum of the market has almost been vented, and the market has the ability to stage a big rebound.

Although the amount of funds entering the market this time was actually not as much as the previous one, those investors who wanted to sell Enron's stock were a little bit more thoughtful seeing the magnitude of the stock price rebound this time.

After all, Enron's stock price has fallen too hard today, and they still hope that there will be a strong rebound in Enron's stock price.

As for how to go after the rebound, at least in their eyes, it would be good to flee before others, not to reduce losses by themselves.

After Enron's rebound this time, it was obvious that the number of sell orders was much less than before, and the stock price soon rushed to 0.92 yuan, and it was about to break through the high point of the previous rebound.

But by this time, because Lin Hong's purchase order was completely withdrawn, the problem of lack of momentum for the market to continue to surge gradually emerged.

It was not obvious at the beginning, but it was fully exposed after the stock price rose by another 2 cents.

Enron's share price began to slowly fall
(End of this chapter)