The Son of Finance of the Great Age

  Chapter 381 Catch the Big Tiger (Part 1)

  This weekend, some people are happy and some are sad, some are so busy that they don’t touch the ground, and some are leisurely fishing. But time will not stop because of their differences. Soon, it will be Monday, January 12th.

In the financial news in the morning, analysts from all walks of life said that today’s Hong Kong stock market will not be very good. There are three reasons: first, the decline in the European and American markets over the weekend will put pressure on the Hang Seng Index; Trading activities are likely to be liquidated in the future; 3. The attack of international hot money on the Hong Kong dollar has not faded away. Although their costs have increased a lot after two weekends of suspension, the future is still unclear.

  It needs to be explained that although the foreign exchange market is an all-weather market, if you want to overwhelm a country's monetary system, you must first overwhelm the market's largest buyer, the Central Bank, which is the Hong Kong Monetary Authority in Hong Kong. In addition to itself, the largest trading market for the Hong Kong dollar also includes foreign exchange markets such as London and New York. Inter-bank trading is only a supplement. Therefore, international speculators still have to wait until the main market opens before they can continue to hit the Hong Kong dollar.

  In the last trading day, the Hong Kong stock market has fallen below the lowest point of 8,800 points set at the most critical moment of the Hong Kong dollar last time. Without the strong rebound of the intraday red chips, no one knows how far it will fall. And today the market has not yet opened, and all the news is pointing to the negative side, which casts a glimmer of gloom on everyone's heads.

   "Is everyone here?"

Zhong Shi slapped his hands and signaled everyone to be quiet first. When the entire trading hall was silent, he nodded with satisfaction and said, "Everyone has only one task today, which is to try our best to close all the stocks we have on hand after the market opens. Short positions, at all costs, as close as possible, understand?"

   "The time has come?" Lu Dawei was the first to jump out, "Could it be that today is the lowest point of the stock market? Zhong Sheng, do you have any news that you can share with us?"

  When the other traders heard this, they also realized that today was unusual, and after hearing what Lu Dawei said, they all realized that something must happen today, so they all started asking questions.

   "Zhong Sheng, if you have any inside information, don't bother to share it with everyone, we won't leak it anyway."

   "Yeah, what will happen today? Although what the analyst said is likely to cause heavy damage to the Hong Kong stock market, why did you choose to close your position today?"

   "We have also bought a lot of short positions in the Hang Seng Index. Did it also be flat today?"

   "Could it be that the international speculators are about to withdraw? Didn't you mention their strategy before?"

  …

"Shut up!"

   At once, dozens of voices entered Zhong Shi's ears at the same time, so that he didn't know what to answer, so he could only look down on his face and drink in a deep voice to stop the noise of these people first.

Seeing that all the traders shut up at the same time, Zhong Shi nodded in satisfaction, looked around, and then said: "The reason why I closed the position today is based on my personal judgment. You must know that my position is in the Hang Seng Index market. It can only be regarded as a small scale, as the so-called small boat turns around, and this is the truth. As far as I know, some short positions even reach a scale of 100,000 hands, which is not even possible in a day, so We're going to seize the moment."

"If I didn't make a mistake in my judgment, today's Hong Kong stock market will definitely fluctuate greatly. If we don't close our positions at this time, what are we waiting for?" At this point, Zhong Shi had a smile on his face, "Of course, your positions You can also choose whether to close or continue to hold, but since I plan to close all positions today, I will naturally not give you any advice in the future."

Having said that, traders still don't understand that today's liquidation is imperative. Although Zhong Shi didn't give any more explanations, basically their job today is to liquidate their positions, including their own positions. All short positions in the Hang Seng Index.

   This is doing private work for Zhong Shi, which is not within their job duties. But no one complained. They knew very well that their boss was extremely generous, and this order would inevitably bring in hundreds of thousands or millions of dollars. Adding their own short positions, there might be tens of millions of Hong Kong dollars in income.

   Moreover, the Indonesian rupiah market is still illiquid at this time. Instead of working hard every day, it is better to help the immediate boss earn some extra money.

   At this time, all of them were very grateful that they did not go on vacation. There are many opportunities for vacation, but there are not many opportunities to witness and participate in this violent fluctuation of the Hong Kong stock market.

   Soon, the Hang Seng Index started trading for the day. Although after various analysts' briefings, after the bidding stage, the number that broke out in the Hong Kong stock market was still surprising: 8214 points.

The closing price of the previous trading day was 8894 points, that is to say, during the bidding stage alone, Hang Seng fell by 680 points out of thin air. point.

  Traders of Tianyu Fund were dumbfounded when they saw the number that jumped out on the screen. But soon, the rigorous professional quality forced them to wake up, and began to type on the keyboard in an orderly manner, preparing to close the position immediately.

It is not only Tianyu Fund who is dumbfounded by the opening figures. In fact, in addition to investors and institutions shorting stocks, futures and other markets, other investors include those who want to catch the bottom and chase the rebound, hold for a long time, and buy frantically some time ago. Those who entered to lower the average price were dumbfounded. You must know that this kind of decline is only the beginning of a day's trading. Although most of them have experienced the attack in October, no one wants to "revisit" the "old dream" of a daily drop of 1,000 points.

According to today's opening posture, this "old dream" may be inevitable. Thinking about it this way, many people who are short-term or have been frightened have begun to sell, and soon, in the sell column of each stock The number increased rapidly, and soon overwhelmed the buying party.

   Chasing ups and downs is a big taboo in stocks, because it is easy to fall into a trap, and at the same time, the so-called various technical indicators are not reliable, because curves and index indicators can be completely artificially manufactured. Naturally, the most reliable investment method is value investment. If you believe that a company has good growth prospects, aggressive management, transparent financial records and no bad records, and is in a sunrise industry, then you can safely and boldly hold this stock for a long time . Although it doesn't mean that you have to hold it all the time, at least you don't have to stare at the disk every day to see the performance, but you can turn this observation cycle into a month, a quarter or even a year.

  Now, except for the short selling in the market, most of the selling is the follow-up behavior of small and medium investors due to psychological fear. Don't underestimate the energy of these small and medium-sized investors. Hong Kong is a place for individuals to speculate in stocks. Although the number of lots each person can buy is very limited, they are enough to affect the market together.

  As for the Hang Seng Index futures market, when the opening numbers were reported, almost all short-term positions also began to be short-term. Investors who did not stay overnight were glad that they closed their positions in time, while those who made a wrong move overnight beat their chests and regretted deeply. You must know that the current 680-point drop means a loss of 34,000 Hong Kong dollars for a contract, and those whose account balance is insufficient for this amount may now be forcibly liquidated, or even liquidated.

At the same time, there are more people who are not afraid of death to join in. They know that when this kind of big fluctuation is the time to make a lot of money, almost all the new people who enter the market choose to be short, and they preset buy orders at various prices. Just to be able to buy empty orders in the market at the first time.

  At such a time, Tianyu Fund's flat position has been looted as soon as it is sold, and most of the transactions are in the form of short swaps. The total amount of long-short bets in the market has not decreased, but the short side has changed one. However, there are also many double-evens. Some longs may not be able to resist the pressure of losses. They choose to close their positions at this time to slow down. Let go of financial pressure.

  In short, the liquidation of Tianyu Fund was very smooth. Often, short positions of dozens or hundreds of hands appeared in the market without a trace through the channels of several brokerage houses, and were quickly changed hands. At this time, the market sentiment is extremely pessimistic. Shorting is not only the best way to make money, but also to hedge. Therefore, in addition to retail investors, institutions also began to appear on the short side.

On the Hong Kong stock market side, shortly after the opening of the market, the Hong Kong stock market continued to fall, but this situation made the management of various listed companies unable to sit still. Sector support, this kind of support can also be understood as stock repurchase, but it is not at the same level in terms of quantity.

The funds that were mainly active in red-chip stocks, which had been showing up after noon for the past two days, also realized the critical situation this time, and appeared in the red-chip stock market half an hour after the opening of the market. Soon, as these funds Hong Kong stocks began to stop the decline and rebounded slowly.

"Hong Kong stocks have started to rise!" Lu Dawei saw that something was wrong with the market, and quickly asked Zhong Shi for instructions, "Should we still close the position? The opening drop of 680 has almost fulfilled all expectations, and now there may be a rebound. So far, the international hot money has not exerted much force, maybe they are waiting for another opportunity, I think it is a pity that we are evened out now!"

"You idiot!" Zhong Shi's face was solemn, and he cursed with hatred, "It's too greedy, I don't know how you can be so greedy! If the other party is just acting a little bit, wait for the Hong Kong stock market to rise to a certain level How about suppressing it again? Besides, the current situation may be an illusion created by them? Don’t be verbose, the rebound now will make it difficult for us to close our positions, so let’s do things quickly!”

   While the two were talking, the Hong Kong stock market miraculously turned from red to green, recovered the opening number, and even rose. This situation not only stunned most people, but also made those who were crazy about shorting the Hang Seng Index futures just now complain. If it does not rise by one point now, it means that they will lose 50 Hong Kong dollars for each short order.

  The people who have survived the most difficult time just now are rejoicing. They even began to imagine that today the Hong Kong stock market can recover all the lost ground in one go, and dream of rising back to 680!

   "What the **** are they doing?" Zhong Shi looked at the beating numbers on the board, thoughtfully.

   Thank you Honglong, liuhaizhang, Tiandi Shenfeng, the declining boy, etc. for your monthly votes! It's the last day of this month, and I hope everyone will vote more monthly tickets, thank you very much~!

  (end of this chapter)