Chapter 203: A Man Weaker Than Link
How to be as unlucky as Link Hans? This is undoubtedly a new proposition!
But many people have already accomplished this feat without them even noticing.
There aren't many people on Wall Street who are as unlucky as Link, just a dozen. But it is said that it is the hardest hit area, because the bitter fruit of his sneeze is far greater than that of other places.
The people who sneeze at the same time in Link are the same people who are trading stock buying, and drinking drinks at the same time. And they're all operating GE stock in front of a computer.
Suddenly let out a loud sneeze. It seemed that it was enough for the entire room to suddenly have a nervous breakdown, and the nerves became very sensitive, and everyone felt a chill down their spines and a whole person trembled.
When they reacted, many of them realized that they had completed an incredible deal.
At a company called Geddes Financial Investments, a broker who specializes in buying GE shares sneezes with tears in his eyes, and he, like Link, completes the paranormal event.
When he saw the record of his transactions, he choked on saliva and coughed red. It didn't take long for him to feel that his eyes were black and he collapsed directly on the chair.
His anomaly was discovered by others. After resuscitation, they not only found that the colleague was having difficulty breathing. At the same time, it was discovered that he was still typing when he sneezed, and he had mistyped the decimal point. The saddest thing is that he clicked sell instead of his responsible buy.
If it is a buy, it is impossible to trade such a trade. Because no fool will sell GE stock for less than twenty dollars.
And he became a one-of-a-kind big fool. He placed a buy order at $6.65 per share. And before clicking sell, he magically clicked "MAX".
In the past few days, more than 300,000 lots of shares have been listed in his account. And this stock was supposed to be transferred to another broker when it was time to sell.
Now because of one mistake, all the pending orders are placed. And it's all sold.
But that's not the worst of that.
What's worse is that the buy orders in the stock market have all been matched before he completes the listing.
In accordance with the rules of continuous auction of stocks. If the price of the buy order is greater than the price of the sell order, the price of the party that placed the order first will be used as the transaction price.
This agent, who was already in shock because of breathlessness, would surely be able to see it. There used to be a lot of buy orders piled up in the stock market of more than $60. However, the average price of his more than a million lots he has just completed is less than $30. At this price, it can only be that those buy orders have been matched before he is listed, and the buy orders he has matched are all low-price buy orders.
However, although he completed a large stock trade. But GE's stock price did not trigger the circuit breaker.
A constituent stock like GE has a high share price. According to the trading principles of the U.S. Stock Exchange, the average trading price within 15 seconds, if the average stock price falls by 5% in the first five minutes, the stock will trigger the circuit breaker.
In the last fifteen seconds, GE stock has even traded more than it has in a whole day. A large number of transactions were completed in a short period of time, causing GE's stock price to plummet by about 4.5%. That's a big drop.
In fact, it is not only the agent who is already in shock who is unlucky. It's just that many people have also suffered losses, but some of them have the opportunity to cancel pending orders because the transaction was not successfully matched.
It's more about selling stocks earlier than this hapless economy, and being able to trade at a much higher price than he traded. That writes that brokerage losses are not too serious. But how much is a loss.
When Link saw GE's stock price plummet 90 degrees in the hotel, he didn't know what was going on. But that didn't stop him from joking with Jessica, "Look, I sneeze and GE jumps off the building." ”
Although it is only a 4.5% decline, it is equivalent to the evaporation of more than $20 billion in assets compared to GE's huge assets.
Jessica gave him a wink, but her eyes were full of smiles, and she said, "Yes, you're amazing!
Because he choked on coffee just now, Link really couldn't help coughing a few times. Jessica smiled and patted him on the back and said, "Wait and see if their stock price has fallen again." ”
Link couldn't stop for a moment. Just then, his phone rang.
He saw that it was Fren's number, and he quickly answered the phone despite coughing and said, "Fren, what's wrong?"
Fren was also coughing over there, and he said hoarsely for a long time, his voice full of excitement: "Link, you never thought of what happened!"
When Link heard him, he knew it wasn't a bad thing. He was relieved and said, "I saw GE's stock price plummet!"
"No, that's not what I'm talking about. Although GE's price plummeted and Stoll made a temporary profit from short selling, that wasn't why Flren was coughing so excited that he had to call him.
"You would never think of it. All the buy orders we put out were filled. The transaction price was $17.6, and as soon as the market opened, he put out nearly $1.3 billion worth of buy orders.
He hung there without thinking about making a deal. But it just closed the deal.
In the blink of an eye, GE shares accounted for more than 6% of the outstanding shares. This is something that has not been achieved in the past day.
However, such an abnormal change, except for the collapse of GE's stock price, did not cause any intervention by the stock exchange. That means that there was no problem with the transaction during that period of time. If no problem is found in the end, those stocks alone have made them more than $3 billion in book profits.
"What do we do next?"
Even if Stoll's short-selling operation is seriously loss-making, they can still make a surprising profit. Flon was completely convinced of Link. This luck, he can't describe it as against the sky.
Although he still feels that Link does not understand the financial market, he still wants to discuss with Link how to operate it. There were more than 700,000 lots of newly bought stocks. If it's a matter of careful consideration: "What do we do next? Do we hold or sell?"
Link was still stunned. He didn't expect Flon to put up a buy order at such a low price.
He looked at the stock price on his computer in disbelief. It's more than fifty-nine dollars.
He asked uncertainly, "You mean that the price of seventeen dollars and sixty cents is all sold?"
Flon also heard the surprise in his voice. He laughed, and started coughing again. However, he still smiled and said, "I'm sorry, I was drinking water when I found out about this surprise, and I was so scared that I choked." Right now, my throat isn't very comfortable. He paused and asked again. "What do you think we'll do next?"
Link didn't say explicitly: "I remember you said that GE's prospects are not necessarily good. He certainly doesn't plan to hold GE stock when he knows it's not going to look good.
Fren thought the same way: "I'm going to sell them all. Do you have any questions?"
Link felt like he was better off not having any opinions on those stocks.
He said, "You're the expert, I believe in you!"
Furlen smiled and said, "No, I should believe you." "Flon was already selling short, but now he didn't think his stock was going to make much of a difference, so he quickly sold the borrowed stock, and then he had to wait there.
But now it's different. He had another bullet in his hand. Now that GE's stock price has fallen and suddenly plummeted, it will definitely make more shareholders continue to wait and see. Maybe he has a little more room to maneuver.
Flon said to him a few more words, "Shall we meet and talk at noon?"
Link said, "No." You don't need to care about my opinion. I believe you. He now has some doubts that the success of his buy orders may be the source of his bad luck for some people. It made many people unlucky.
With this conjecture, he was thinking about whether he should do it again?
He recalled what he had just done. He seems to have bought the stock first, then choked on coffee, and finally sold the stock at the reserve price.
Link thought for a moment, this might be the most unfortunate thing he would encounter after activating the "Scourge Legacy for a Thousand Years" skill, and encounter non-external causes.
Of course, on top of that, he lost half of his stock. In accordance with the principle of pending order execution. He traded the stock immediately after listing it, and it should have been a pending order for someone to use more than $30 a share. It should be that some of them are using that kind of buy order to pull down the stock price.
However, it also means that before he sells, someone has already sold enough shares to trade with other higher-priced pending orders.
He remembered that he himself had sneezed, forgot to let go of the mouse, and then misoperated it. Could it be that someone else had the same bad luck as him? Only it was even more unlucky than he was.
He wondered if he could cause that effect again if he did it again.
Just when he wanted to yin those people again. The stock market has also started to show volatility.
GE as a constituent stock. This very short period of time plummeted and the Dow index curve immediately fell by 1%. This is already a big drop enough to be in the news.
Some financial news channels temporarily inserted this news: GE shares have plummeted in the mid-market.
If there was no Link's prophecy before. Such a plunge would also cause speculation in the market. With Link's prophecy, speculation can turn into suspicion and even panic.
After that, only six minutes later, GE's stock price began to move all the way down. And the pay orders are increasing.
This, of course, is very detrimental to those organizations that work for GE. If the stock price keeps falling, it will make more investors and shareholders ready to sell their shares. Because many investors who have held GE shares for a long time have only a dozen or twenty dollars at the cost price. And even if the price continues to fall, they still have high profits.
And those investors are also not suitable for ordinary shareholders, they can vaguely know the operation of certain market makers. If these main players lose confidence in GE, or cash out to prevent risks, it will definitely be a bad news for those institutions that sell stocks for the purpose of operation.
Because there are more shares in circulation, there will be fewer shares that they can sell. And the price of the stock price is falling, and once the stock price falls to a certain level, they cannot maintain the confidence of shareholders in GE stock. Without new investors, who can they sell their shares to?
In order to stabilize the stock price, after their urgent consultations, those institutions had to start sucking in the stocks with pending sell orders. This will increase their costs, but if they don't plan to crash GE's stock price in advance, they can only quench their thirst like this.
Although the traders of those institutions are in different places, they have one thing in common: their expressions are dignified. Almost all of them give the same order. "Buy!" They have no other way to control the stock price.
Now the market has started to pile up this large number of sell orders. If they place a new buy order, they will only match the lowest sell order first, and it will be filled at the sell price. Stock prices are still likely to fall. They can only eat those low-priced buy orders as soon as possible, and then eat those higher-priced sell orders, so that the stock price can slowly pull up.
And they can't put up a high price buy order, and now there are many sell orders, and they are likely to become the receiver of other institutions or investors.
If they place a sell order at the reserve price in advance, no matter what price they use to buy the order, it will be based on the previous purchase price as the transaction price, and the stock price will fall faster.