Chapter 380: Tug of War
"Boss, the stock index is rising too fast, we can't grab the goods, and those international speculators are also buying big blue-chip ......" In the restless trading hall, Chang Xufa said to Zheng Fan a little anxiously. Pen | fun | pavilion www. biquge。 info
"These shrewd guys!"
Regarding Chang Xufa's impatience, Zheng Fan just looked at the accident seat of the international speculator and smiled.
"It seems that this wave of counterattack has failed!"
Even if Qin Yan's understanding of capital operation is not as good as that of an old horse like Chang Xufa, he can see that the situation is not good.
"Don't stop, continue to sweep the goods, push the period upward, since the international speculators are so active, push the Hang Seng Index above the opening price, and now there is still plenty of time, with the Hang Seng Index such a rising rate, there will be no problem at all." Zheng Fan smiled and said to Chang Xufa several representatives out of the city.
"An amplitude of close to 1,000 points, is it just given to international speculators? You don't think they're making enough money, are you? Qin Yan couldn't bear it and expressed her dissatisfaction with Zheng Fan.
"If the war can be stopped, even if they are given an amplitude of 1,000 points, what is it, at least it proves that the short-term low level of the Hang Seng Index below 6,800 points is recognized by all parties in the market, so that the Hong Kong government and the mainland have a certain respite." Zheng Fan rarely stood up from the trading seat.
"Boss, the Hang Seng Index has reached 7300 points, and it continues to rise, and it is not far from the opening 7631 points." Chang Xufa was quite nervous about the offer, knowing that the critical moment might be coming.
"Check the stock options trading of international travel capital to see which blue chips have a larger short share." Zheng Fan wiped his eyelids and whispered to Chang Xufa.
"If the position of stock index futures can be closed, will the boss go long with his backhand?" Ye Qian came to Zheng Fan's side and asked.
"With the amount of money you have now, can you eliminate these international speculators? As long as you can maintain the Hang Seng Index and prevent it from continuing to fall, the chain reaction of shorting will naturally be suppressed and alleviated, as for the rest of the things, it is not your turn to manage, and the gains and losses of an operation are not decided in a day or two. Zheng Fan said with a sneer.
"What the boss means is that if you push it back for a while, will this single-needle bottoming low formed in today's intraday be instructive?" Ye Qian somewhat understood what Zheng Fan meant.
"The operation of the capital market, its own internal laws at all, even with a huge amount of funds, can be fast for a while, can not be maintained for a long time, for the current economic situation in Hong Kong, the Hang Seng Index 7,000 points is difficult to say, but after today's killing, even if the lowest point is broken, the estimated range is very limited, but the premise is that your funds may be pressed in the Hong Kong stock market for a long time." Zheng Fan took a deep breath and said.
"If the foreign exchange market can't hold on, even if it holds the stock market, it's useless." Ye Qian always felt that it was not easy for the financial turmoil to land in Hong Kong.
"As long as the foundation of Hong Kong's economy is not too empty, there is value at all, and if it falls to a certain extent, it will naturally stabilize. Zheng Fan got out of the city seat and lit a cigarette.
"Mr. Zheng Fan, thank you for the thousand-point amplitude."
I don't know if it's because Zheng Fan left the seat out of the city, the bald old man Julian?? Robertson actually greeted him.
"Well, today you have sent so many representatives out of the market, if you fight, how can we be opponents." Zheng Fan grinned greatly.
"I don't know Mr. Zheng Fan, how far do you want to push the Hang Seng Index before you want to stop?" The bald old man has a strong curiosity about the oriental youth in front of him.
"If you can help, I want the Hang Seng Index to rise by 500 points today, and after falling so much, it is time for investors to rest for a day!" Zheng Fan took a puff of his cigarette and said with a smile.
"That's not good, if as Mr. Zheng Fan said, the Hang Seng Index will turn around, which is very difficult for us to short the Hang Seng Index." Julian?? Robertson had no intention of backing down.
"The Hang Seng Index is now going to be in the red, if you refuse to back down, you can only see the high and low in the market, I now have about a million short futures to close the position, do you want to take it?" Zheng Fan said bluntly, and discussed it with the bald old man.
"We took it."
Just when the bald old man was a little hesitant, the blonde old man stepped forward and said with a smile.
"Chang Lao, pull the October futures index to the red plate to close the position." Zheng Fan waved back, signaling Chang Xufa to pull the disc of the futures finger.
"The October futures contract, one million contracts, was pulled to 7,650 points to close the position." Chang Xufa gave instructions to He Xiaoxi, and soon made the futures index turn red.
"Eat up the futures index liquidation order of Dafu Bank, and by the way, hang out another 100,000 contracts, and press down the October futures index by 7,600 points." Blonde old man George?? Soros has shown a strong sense of hostility.
"Boom~~~"
Not only the fluctuations of the futures index, but also the conversation between Zheng Fan and the leader of the international speculators in the center of the trading hall has attracted the attention of many people.
"Pull a line of blue chips, today I want the Hang Seng Index to rise another 500 points." Zheng Fan did not continue to copy on the futures index, which disappointed some local market representatives in Hong Kong.
"Sweep the goods, let the Hang Seng Index rise."
Because a large amount of funds from the futures index transaction flowed back to Ye Qian's private account, Chang Xufa also had some confidence, urging to push up the spot of the Hang Seng Index.
"Sell the futures index, let the October futures index break 7,000 points."
The blonde old man also quickly gave an operation order, which was almost contrary to Zheng Fan's approach.
"Just now international speculators have eaten a lot of big blue chips, and now the spot is pushed up, isn't it giving money to others, the important thing is to maintain the term of residence, which is the lifeblood of international speculators." Qin Yan couldn't help but have objections to Zheng Fan's approach.
"What should I do, the spot of the Hang Seng Index is rising, while the futures index is falling, and the discount between the two has been getting bigger and bigger." Wang Bo of He's Securities only feels that the situation on the market is complicated.
"It seems that the disk protection of Century Holdings is intended to stabilize the spot of the Hang Seng Index, and will not manage the speculation on the futures index, if this is the case, even if it is the delivery date of the futures index in October, it is difficult to return to the pressure of the futures index, and it will continue to transfer the downward trend towards next month!" He Yaohua only felt that the world was getting more and more difficult.
"I also hope that you will accept it when you see it, in the capital market, insatiable greed is a taboo, this wave of Asian financial turmoil has made you make a lot of money, don't eat it when the time comes, spit it out, but someone will seize the opportunity to exterminate you." Zheng Fan said to the blonde old man with a smile.
"Mr. Zheng Fan should know that the situation of international gold spot has changed, I don't believe that your Century Holdings will switch to the Hong Kong capital market." George?? Soros said with a playful joke.
"I naturally can't do it, but it doesn't mean that you have no opponent in the short Hong Kong capital market, just the amount of her funds, if you want to protect the Hong Kong stock market for a period of time, there is no problem at all, as for stock index futures, we really can't afford to accompany you, you can play casually, but as the discount is getting bigger and bigger, it is estimated that there will be fewer and fewer people who dare to follow, and no matter how big the profit on the book is, it will be very painful to encounter difficulties in closing positions." Zheng Fan glanced back at Ye Qian with a smile, but made it clear that he would not invest too much.
"I admit that Mr. Zheng Fan's statement has some truth, but once the linked exchange rate of the Hong Kong dollar and the US dollar is out of touch, the situation will be very different, and even if many listed companies can still hold on, the asset quality will shrink significantly, and the funds holding the Hang Seng Index and stocks will also be destroyed together." George with blonde hair?? Soros, the smile on his face was a little deep.
"If you don't even know your opponents, and you want to crack down on the linked exchange rate, you can only rejoice in vain, let's wait and see, if you can really shake the linked exchange rate, we will admit to losing any amount of money we put into the stock market." Zheng Fan joked and looked towards the observation deck.
"Sweep the goods, let the Hang Seng Index rise sharply, our amount of funds is still very abundant, not only first-line blue chips, but also second- and third-tier stocks." Zheng Fan turned around and said with an uninhibited face as he turned around and returned to his seat in the city.
"After the funds for shorting stock index futures were withdrawn, President Ye Qian's account had about 300 billion Hong Kong dollars, even if it was due to delivery, which led to a decline in the position of the short index and an increase in the cost of holding the future, but a million futures contracts sat down from the average cost of 14,000 points, and there was still a profit of more than 6,000 points." Chang Xufa said firmly to Zheng Fan.
"If you don't follow stock index futures, so much money in the market, you can buy stocks casually, and pull up all the first-line blue chips that use options to short international funds, and give them a punch first." Zheng Fan's statement made Chang Xufa inevitably feel energetic.
"The situation seems to have changed somewhat, Cheung Kong and Hutchison Whampoa and other big blue chips have risen in a straight line without looking back, and tens of millions of shares have been bought up." Some market representatives have found that many heavyweight blue-chip stocks have soared upwards driven by the devastating big buying.
"This is to use the limited market value of the stock market to block our short attack, if the spot is allowed to rise like this, I'm afraid it's not good!" Julian?? One of Robertson's young female assistants already had some bad feelings.
"He can't keep pushing the spot to the sky, a blowout for a while is nothing, no need to mess up, the Hang Seng Index rose above 8,000 points, we will sell the spot, and now increase the shorting efforts in the foreign exchange market." Julian?? Robertson looked at Zheng Fan with a smile, and he was not panicked by the Hang Seng Finger's upward attack.
"Boss, the Hang Seng Index is about to approach the 8,000-point integer mark, with a rise of more than 200 points, and the intraday amplitude is even greater, do you want to continue to let the Hang Seng Index rush the level?" Chang Xufa said to Zheng Fan.
"Stop sweeping, let the Hang Seng Index fall freely, in the next time, just play a tug-of-war with this group of international speculators, once it falls too much, we will sweep up the Hang Seng Index spot, and try to maintain the situation above the spot 7,000 points, until the amount of funds in Ye Qian's account is exhausted." After Zheng Fan finished explaining to Chang Xufa, he had already left the stage early with a smile.
(The second update will be sent.) )