Chapter 34: Backhand
On the fifth floor of the Tianfu Tea House on Zhujiang Road in Yangcheng, the trading center is completely a scene of active operation.
"It seems that the situation is very ideal, under our suppression, the intraday follow the trend of the new short position is very enthusiastic, from the opening to the present in just half an hour, the price of the plywood October contract, from 43.45 to 42.30 yuan, compared with yesterday's closing settlement price, has fallen 2.6%, according to this situation, today will be the October contract to the fall limit is also very likely." The charming woman sitting in front of the computer smiled and was in a good mood.
"The main institutions of many parties will not sit idly by, and the failure of resistance after the opening is worrying." The thin old man is quite conservative.
"Qiao Lao, I think you are too worried, we are not just operating for one day, since the main institutions of many parties, want to make up at a lower price, we might as well press down the disk, it is best to hit the 4% drop limit, and no matter how bad it is, you can also kill a low point to lead the way for next week's suppression." A well-mannered man, his thinking is wild and unrestrained.
"The situation is going well, is it going to be pursued by victory?"
The middle-aged man in a Tang costume, while observing the time-sharing trend of futures on TV, seemed to be a little moved by the statement of a polite man.
"Since it was decided early on, to do the plywood October contract, there is nothing to hesitate, today has fallen a lot, even in the process of suppression, encountered the obstacles of the main institutions, we can still occupy the initiative of the disk, and now the position of the main institutions of the parties has not decreased but increased, I think the pressure is not enough." The charming woman faintly revealed her ruthlessness.
"Judging from the existing situation of the plywood October contract, it is not a good time for us to frantically reduce prices and force positions, but continuing to put pressure on prices and create a strong atmosphere for bears can help us in our subsequent operations." The thin old man finally nodded and approved the proposal to suppress prices.
"Well, since it has fallen by 2.6%, we might as well try to hit the October contract to a 4% down limit this morning, and after a correction in the rate of decline, we will make a heavy hand." The eyes of the middle-aged man in Tang costume showed a touch of ruthlessness, and the spirit of the whole person was significantly boosted.
"Now that the selling pressure in the market is flourishing, the weak rebound correction of the October contract is estimated to be a matter of 3 minutes, and I will do a single sample first." The charming woman rubbed a pair of white hands, and her excitement could not be concealed.
"I also want to see if the main institutions can hold up under our heavy offensive, and it's time to test their quality and weight." A well-mannered man also has a desire to try.
"It's not time to be too optimistic, you must pay attention to the changes in the market, and ignore the other major institutions of many parties, just Wanguo Securities, you can't be too underestimated." The thin old man cautiously reminded.
"At the beginning of this year, a notice has been issued from above, requiring financial institutions without futures qualifications to withdraw from the futures market, and the funds of Wanguo Securities in the plywood October contract, even if they stand outside the violation line through a cover-up, how much power can they generate." The charming woman said with a disdainful smile.
"After a short period of weak correction, the current price of the October contract is 42.30 yuan, and there are signs of downward again, and the number of short chasers is increasing." didn't give a few bigwigs too much time, and a trader in the trading center had already made another offer.
"Follow this trend, attack the bulls, sell the goods, give me a hard throw, so that the plywood October contract will see the fall limit." The middle-aged man in Tang costume took a deep breath and said loudly in the trading center.
"Plywood October contract, 42.10 yuan new short position 10,000 lots." The charming woman's fingers tapped lightly on the keyboard, but her tone was extraordinarily heavy.
"Whew!"
Just when the trading center on the fifth floor of Tianfu Tea House was making efforts to suppress the operation, Rainbow Investment, which was far away in Pearl City, Zheng Fan and Fang Xinran obviously also discovered the abnormal movement of the disk.
At 9:40 a.m., the time-sharing quotation of the plywood October contract suddenly burst out with a towering trading volume, and the 10,000-hand selling order was like a depth bomb, which smashed the contract price from 42.30 to 42.10 yuan.
"It's crazy for a couple of cents, and there's a follow-up, it's definitely going to be a stop-and-go rhythm." Fang Xinran, who observed the change in the plate, suddenly got up from the chair and said.
"You can't sit still, which shows how uncomfortable the main multi-party institutions in the plywood October futures contract are, falling for four consecutive days, the number of multi-party positions has not decreased but increased, more than 60,000 positions, and many accounts should have a large degree of loss." Zheng Fan said with a slight smile.
"If this decline continues, the main institutions in the plywood October contract will not be blown up, right?" Although Fang Xinran was nervous, she was mixed with cheerful emotions.
"Not yet, from the perspective of the steady increase in the position of the main institutions, it should have considerable strength, but the suppression of the short side, come in a bit of a hurry, now Dalian Futures Exchange, for the unilateral position limit of the plywood monthly contract, about 600,000 hands, according to the current long and short positions of both sides, there is obviously room for continued improvement, it is estimated that in the next week, the plywood October contract will become more and more lively." Zheng Fan's faint smile faintly revealed a sense of passion.
"It's already 42 yuan, it's falling really fast, do you know how much profit we have on our books now?" Fang Xinran was like a housekeeper's wife, and while checking the floating profits on the books, her pretty face was flushed and full of joy.
"I'm not studying mathematics, accounting is not a strong point, if a profit of 1.45 yuan, a hand of 500 is 725, we opened 900 hands of short positions, the profit on the book, should be above 650,000, not bad." Zheng Fan said with a haha.
"On the books of Rainbow Investment, there is only a total of 800,000 capital flows, and in less than an hour, there are more than 650,000 profits in the account, are you still not satisfied?" Fang Xinran almost couldn't believe the large floating profit figure on the book in front of him.
"Be prepared that once the price of the plywood October contract falls below $42, we will close our 900 short positions." Seeing that the plywood contract in October fell by 3.3% on the same day, Zheng Fan's eyes couldn't help but sink a lot.
"Don't you wait for the fall limit? There is not much left from the 4% drop price, as long as the main institutions of the short side work harder, maybe they can get there, and the selling pressure in the intraday is becoming more and more ferocious......" Fang Xinran seemed a little hesitant.
"Although the decline in the morning is very objective, but the state of the market has not reached the point of extreme irrationality and complete domination of the bears, you know, we are fighting with people, not staring at the data to see how much money we make." Zheng Fan Monkey smiled and motioned for Fang to happily put his hand on the keyboard.
"It is another 10,000 hands of newly opened short positions, and the price of the October contract has broken 42, and the current price is 41.85 yuan, and there is no multi-position entrustment support below." In an instant, Fang happily faced the price of the plywood October contract, and there was a feeling that the building was about to collapse.
"$41.85, close our 900 short positions."
Zheng Fan, who was staring at the plate closely, did not hesitate at all, and according to the predetermined preparation and plan, the other party happily issued an operation order.
"41.85 yuan to close 900 lots."
Because of Zheng Fan's reminder before, Fang Xinran did not delay, and typed the keyboard as fast as possible.
"It's done!"
Fang Xinran, who checked the account for the first time, was excited to see the words that the entrustment had been completed, as well as the large amount of money returned.
"In this operation, the agency commission to the Dalian Futures Exchange was discarded, and the profit was close to 720,000, which was almost doubled......" Fang Xinran didn't wait for Meimei to finish reporting the account, but was interrupted by Zheng Fan's raised hand.
"Use all the funds to go long backhanded, and sweep down the short order of 41.85 yuan in the plywood contract in October, fast." Zheng Fan's eyes widened slightly, revealing a look that could not be refused.
"Now you're going to fall to the limit, you're looking for death!"
Although Fang Xinran was operating according to Zheng Fan's instructions, his emotions were out of control.
"This is in the futures market, just make such a small amount of money to be satisfied? If I had to die, I would have to stand and die vigorously. Zheng Fan's face showed surging and crazy desire at this time.
"The plywood October contract, a new long position of 1,800 lots, the price is 41.85 yuan." Fang Xinran was operating the offer, but he felt suffocated, and even his fingers trembled.
"Boom!"
A large order of Rainbow Investment Company, on the time-sharing disk of the plywood October contract, the big waves hit the reef and generally blows out, and the remaining 1,500 new short positions of 41.85 yuan are knocked out.
In an instant, not only the trading room on the second floor of Rainbow Investment, but also the entire plate of the plywood October contract brought people a sense of temporary stagnancy.
"Don't worry, even if I make a mistake and blow up the position, I will lose all my money, and it has nothing to do with you, so you just obey my operation instructions." Zheng Fan's smile showed a faint ridicule, which was obviously incompatible with the tense atmosphere in the trading room.
At this time, Fang Xinran, who was observing the changes in the plate, held his breath, and he didn't even dare to breathe, almost reaching the limit of his psychological endurance.
"Can't stop it, it's 41.80 yuan......"
Seeing that after a short pause in the crazy selling pressure in the intraday, the price of the plywood October contract fell down by 0.05 yuan again, Fang Xinran's heart seemed to be clenched, and the sense of fear had been irrepressibly raised.
Compared with Fang Xinran, who was about to collapse, Zheng Fan smiled lightly and did not speak, making it difficult to guess what he was thinking.
"Boom!"
Just when Fang Xinran was thinking about whether the fate of Rainbow Investment would end because of Zheng Fan's madness, a multi-party position increase commission of up to 5,000 hands had already been hit at 41.85 yuan in the October contract.
"Finally there is a multi-party buying order to intervene!"
Because of the overly tense relationship, Fang Xinran, who was in a slightly relaxed mood, couldn't help but reddened his eyes, and grabbed his fist and gave Zheng Fan a shoulder look.
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