Chapter 184: Hedging Preparations
On the 23rd floor of Tiannian Building in Central, the trading center of Ho's Securities, although it closed at half past twelve at noon, it was still in a panic.
"Chairman, it has closed, the Hang Seng Index spot index is reported at 11,150 points, the September futures index is 11,054 points, and the October futures index contract is 11,067 points. The man in the shirt reported to a short man with glasses.
"The bulls seem to be gaining momentum, Wang Bo, what do you think will happen in the afternoon?" The old man with glasses is dressed in a suit, not only has a good physique, but also has a Sven temperament.
"The main problem is still in the September futures contract, the main funds poured into this contract are extremely resolute, and the rebound of the Hang Seng Index spot and October contracts is mostly driven by the September futures index......" The man in the shirt was interrupted by the old man in a suit shaking his head before he could finish speaking.
"Looking at the current state of the market, the buyer's power is obviously sufficient, in fact, as early as before the contract was beaten in September, the real estate sector has refused to fall, such an important market change, don't you notice it at all?" The old man had shiny black hair, and he obviously paid attention to his own image.
"This is also a helpless thing, the whole real estate sector can not sit still, we get up slightly, we can't hold it down, after the morning of the suppression, we hold the real estate sector chips, has a certain degree of loss." The middle-aged man who was tired of getting tired of the young model and delayed the business before tried to say to the old man.
"The situation is accumulated little by little, it is really impossible to spread your hands for a while, if you can find the abnormality of the disk in time, you will not be so passive!" The sigh of the old man seemed to be deliberately irritating to the middle-aged man.
"The funds of the September futures contract appeared too suddenly, just when we suppressed the Hang Seng Index spot, the old force has gone to the new force to kill the time, before that, the spot disk did not even have a trace of reaction, which caused a situation of surprise." The middle-aged man said with an ugly face.
"This stock only hits the September futures index, which should focus on speculation." Wang Bo, a man in a shirt, determined the nature of the funds that operated in September.
"Speculation? That's not necessarily, if it's just a simple futures speculation, it should be profitable to leave, but if you look at the close of the September futures index near noon, there is no intention of closing the position at all, and the September futures index even hit 11070 points at the highest, and then it is doing a free fall. Old Man Sven said vigilantly.
"Maybe the profit margin is not up to the ideal state, because this stock has been traded for a short time before." Wang Bo wiped the sweat from his forehead, and he didn't seem to have much confidence.
"The previous wave of operation, just a preliminary test, one is to see the reaction of the bears to the September futures contract, the other is through the rebound of the futures index, drive the spot market, observe the follow-up state of the entire market, after finding that the main force of the bears retreated, the real estate sector refused to fall, and soon chased up again, stimulating the market's long sentiment, the purpose of this fund, is definitely not as simple as petty speculation." After carefully reviewing the old man, Sven took off his glasses and said.
"What does the chairman mean is that this fund is not out now, and he still has to look at the high line for the September future?" After two sharp rebounds in September, Wang Bo, the man in the shirt, obviously has scruples.
"The sentiment of the market is very subtle, and aside from the bears' stance, if you see the index blowing out at a low level and reflexively rising, what will be the reaction?" The old man did not answer Wang Bo's inquiry directly, but let him think for himself.
"Once the upward trend is established, the idle funds on and off the market will inevitably be very restless, and the chasing sentiment will become more and more intense......," Wang Bo didn't even dare to think about it anymore.
"This time the burying is a complete failure, if after the afternoon open, the main funds in the September futures index will no longer be shot, we will gradually close the short positions in the October futures index." The old man's decision was obviously made after careful consideration.
"Just after a small setback, do you have to give up? The Hang Seng Index has risen for more than a year, and there has not been a decent sharp pullback, if we work harder, it may not be able to force back the main force of the multi-party index in September and October, even if we have our own chips in the real estate sector, there is still some room to spare, let alone securities lending. The middle-aged man was a little unwilling.
"The stability of the market, much better than we imagined, don't forget, we buried empty before also out of the short-term impact of the Hang Seng Index spot and futures index considerations, more than a year of bull market inertia, far from relying on a single day of strong suppression can be reversed, since the estimate of the market has deviated, wrong to admit, while it is still too late to exit, and now there has been an unexpected situation." The old man looked very resolute.
"In the bull market thinking, every pullback is a good opportunity to enter the market, whether it is an individual or an institutional investor, have been accustomed to the rhythm of continuous profits, continue to let profits run, once the upward trend is established again, the abundant funds in and out of the market, will continue to pour into the market, the short sellers will be swallowed." Although Wang Bo realized that the current situation was not good, he still had reservations.
"If it weren't for the September futures contract, there was a wave of capital turmoil, just a little bit, we would have been able to take advantage of the slowdown in the U.S. economy to achieve the goal of causing panic in the market." The middle-aged man said ruthlessly.
"Perhaps, this morning's video conference, the investment institutions in the United States, it seems that the decline with the US stocks, is not very sure, in the context of the US economic slowdown, the Dow futures still maintain a premium trend, which is very unusual, although we in the October futures contract, a little setback, but not necessarily a bad thing." After the old man cultivated his spirit, he soon put on his glasses again.
"Chairman, what do you mean?"
Wang Bo, the man in the shirt, had a faint premonition in his heart.
"There are too many uncertain factors, at least before the U.S. stock situation is not completely clear, it seems that it is not a good time to place a heavy bet, this gamble is not what we He Securities can play, I was still thinking when I had a meeting, if the Hang Seng Index spot can be beaten down to cause panic, it can be taken advantage of the trend in the October contract to harvest a benefit, but only before today's closing, but now even the expectations are disappointed, and it is impossible to continue!" The old man sighed slightly.
"It's really just a breath away, the Hang Seng Index doesn't need to fall continuously, as long as it can pull out a big black line, we can bury the hole in the October futures index, and we can get huge profits and retreat calmly." The man in the shirt clenched his fist.
"Have you ever heard of the phrase that the slightest mistake is a thousand miles, in the capital market, success or failure is really only between the first line, but the distance of this line determines different fates, and only the real masters can grasp the decisive gap between this line and the line." The old man looked at the traders in the trading center, and seemed to weigh everyone's catties in his heart.
"At present, we have as many as 50,000 holes in the October futures index, although there are still some profits, but if a large number of positions are closed in the afternoon, I am afraid that it will soon trigger a reaction to the futures index." This incident is the reason why Wang Bo has reservations.
"Although the position of the long and short sides of the October futures index is relatively large, but has not yet reached the joint force of resonance, I believe that the main institutions of the multi-party, there will also be a demand for reducing positions, even if we have difficulty in closing the position in the October futures index, you can also use the stock market as a hedge, the futures index is slightly ahead of schedule, if it is not smooth, you should try to find a short-term decline in the Hang Seng Index, find a large number of short-term decline in the second-line blue chips to disperse and buy, and the stock index may be ready to break out. At the same time, we should open long positions in the September and December futures contracts as much as possible, which is enough to hedge our risk and losses. "The old man is more to let the middle-aged man and Wang Bo take advantage of the noon closing time to make full preparations.
"Chairman, do you want to check the funds speculated in the September futures contract?" Wang Bo asked the old man.
"It's good to explore the bottom of this fund, but its ability to grasp the opportunity is strong, but it can't reach the point where it poses a threat to us head-on, this time our He Securities failed to bury the air, and it is not lost to this fund, but its own judgment is wrong, and the fear of the entire market is just, in Hong Kong's capital market, there are many institutions, even if it is divided into three, six, nine, etc., it is not a place that can be dominant." The old man spoke deeply, although he didn't want to admit defeat on the surface, he showed some mind.
Unlike in the trading center, the man in the shirt went to implement the arrangement, and after the old man returned to the middle-aged man's office, the whole person's Sven temperament had become angry.
"Smack~~~"
Barely giving the middle-aged man a chance to speak, the old man gave him a big mouth with extreme ferocity.
"Incorrigible things, what are you doing when there is an abnormality on the plate? Because of a worthless woman, do you know how much money you lost? People in their forties, they haven't grown at all, and they have all been thrown into the company, are you satisfied if you want to turn this place into a modeling company......" With the door closed and the blinds pulled down, the old man roared at the middle-aged man in a rough voice.
"Speak."
Although the middle-aged man did not refute, the old man still did not relent, picked up the name tag on the boss's desk, and put a wheel on the middle-aged man's head.
"Bang!"
Brand-name brand crumbs flew, and a wisp of rich blood flowed down the middle-aged man's head, and he couldn't cover it with his hands, but he didn't have a little surprise or panic.
"If you don't grow up like this, get out of the company and home, and I'll consider letting your brother take your place." The old man looked at the middle-aged man who was silent, angrily dropped a word, and opened the door and walked out.
"Even if you don't let that wild seed come, you old immortal won't make room." It wasn't until the office door was slammed shut for a while that the middle-aged man spoke harshly.
(Second update.) )