It's no wonder that Julian Robertson had such an idea, selling 10,000 sell orders at once, and the price was accurate to his psychological expectations, this kind of behavior cannot be described as a coincidence in any way.

Imagine, if you want to establish a sell order of 10,000 hands, you first need time to absorb, which will not be too short, at least a week to half a month, and the collapse of Hong Kong stocks almost all occurred in the previous week, so it is unreasonable for someone to happen to meet it.

Secondly, in the market on the 24th, in the case of a retaliatory rebound in the market, institutions that do not understand the next move of international speculators will inevitably panic, and it has been a few days since the delivery of the Hang Seng Index, so even the most pessimistic institutions on the expected judgment of Hong Kong stocks will probably sell most of their positions on that day.

The last is that the timing of this sell order is the most strange, in the case of the opening plunge, did not choose to close the position, in the process of the previous decline, but chose to close the situation slightly higher than Julian Robertson's psychological price, this is obviously a step faster than the Tiger Fund escape, how can such accuracy not make Julian Robertson suspicious?

"No! We must not let him get his way! ”

Although the international limelight is far inferior to George. Soros, but Julian Robertson is more ruthless than ever, not to mention that he doesn't have the philosophical/political ambitions of Soros, so he will not hesitate to implement whatever comes to mind.

He won't be stupid enough to be a pick-up man. In fact, in this case, no one wants to be this pick-up man. And the market's confidence rose sharply due to the closing of this large sell order. It has firmly stood above 9200, and if it is not able to swallow this short closing order, the confidence of the bulls will continue to rise, and even continue to attack.

"Go all out to sell and suppress the Hang Seng Index below 9,000 points, and the market will naturally make a decision." With a flicker of his eyes, Julian Robertson made up his mind, and this was also the strategy he had formulated before, but it was launched in advance.

Several other hedge funds could not know Julian Robertson's thoughts at this time, even if they wanted to clear their suspicions. Give it your all, too. Otherwise, the next time someone doesn't take you to play, it will turn into big trouble.

They also don't want to eat up this huge amount of short closing orders, because for their portfolios and psychological prices, even if they eat so many short positions. In the end, it will only be a small profit. The risks are immeasurable. After all, there is no time left for them to lay out. And they can't grasp the next moment of market movement, even if they still have a considerable amount of stock in their hands.

You can only throw the risk to the market!

With Julian Robertson's order, several hedge funds began to tacitly sell their spots. Suppress the Hang Seng Index, which has just improved.

……

"Zhong Sheng, are you considering withdrawing the unfilled order, according to the current market situation, it is impossible to make a deal!" Yu Detong asked weakly.

At this time, the short position closing order in the market is very conspicuous, but the Hang Seng Index has risen above 9200, which means that neither long nor short transactions will touch this order, but give the bulls enough support.

Zhong Shi knocked on his desk and replied seemingly nonchalantly: "Since the deal can't be sold, then hang it there, and there is nothing to lose anyway!" However, according to my estimates, I am afraid that the bears will soon be unable to sit still, and they also have short positions to close. If there is a large amount of short closing orders in the market, I will raise my price by a notch, and it must be a little higher than theirs, so that they will have to do things without doing anything. ”

Yu Detong opened his mouth and wanted to say something, but suddenly found that his level and Zhong Shi were not at the same level at all, what he thought of was only short-term fast in and out, and Zhong Shi's realm had surpassed trend investment, and now he was even forcing the main force to create a trend. What's even more terrifying is that this trend is not in the Hang Seng Index futures market, but in the Hong Kong stock spot market with a larger trading volume and turnover.

After squirming for a long time, Yu Detong decided to swallow his words back into his stomach.

Fortunately, he didn't say anything stupid, and not long after hanging up the phone, he heard the traders shouting, "It's falling!" Fallen! Yu De hurriedly ran to the computer and found that the Hang Seng Index was falling at a rapid pace, soon approaching the 9200 mark.

At this time, Yu Detong gasped, suddenly remembered Zhong Shi's words, hurriedly clicked on the Hong Kong stocks, and found that there was a large sell-off in the heavyweight stocks without exception, the amount of these lots is so large that it is simply shocking, and on the buyer's side, the corresponding number of hands is very few, it is obvious that the price of these heavyweight stocks will fall, which also means that the Hang Seng Index will fall.

Sure enough, soon the Hang Seng Index fell below 9,200 points and continues to fall. At this time, the short selling and closing orders that had been hanging on the disk for half a day began to react, first there were a few or dozens of buy orders to test, and soon with the decline of the index, the number of trading hands also increased more and more.

Obviously, everyone may be afraid of the short selling order at the 9200 position before, but now it is obviously a fragrant roast fat sheep, how can everyone not want to step forward and take a bite! Not to mention anything else, take the smallest short as an example, buy a short exchange order at the price of 9200, and then close it at the 9199 position, and earn 50 Hong Kong dollars in a round trip, how can no one want to do this kind of good thing?

And with the continuous decline of the Hong Kong stock spot market, this kind of profit will become bigger and bigger, and naturally the current large number of closing orders must be grabbed as soon as possible, otherwise it is impossible to wait for others to withdraw and find such a pie in the sky.

More than 7,000 lots of closing orders are decreasing at a visible rate, and more than half of them are soon being traded, and as the Hang Seng Index falls below 9,050 points, several transactions of more than 1,000 contracts immediately appear in the market, almost instantaneously eating all the short closing orders hanging at the 9,200 position of Zhongshi.

In this way, taking advantage of the east wind of the bears to suppress the index, Zhongshi easily closed all the positions. At this time, he was relaxed, and he really didn't know whether to thank the highly liquid Hang Seng Index futures market or the bears for sparing no effort to suppress them.

Before, Zhongshi had a total of 8,500 short selling contracts, with an average price of 14,200 points, and most of the positions closed today were at 9,200 points, with a difference of 5,000 points in the middle, which also means that a sell order Zhongshi earned 250,000 Hong Kong dollars, and these sell orders together made a full profit of 2,125 million Hong Kong dollars.

When he rebounded some time ago, he ate 2,500 sell orders, and the average price of these sell orders reached about 10,800, and these sell orders were also thrown out today, and the price was also 9,200, and these sell orders added 200 million Hong Kong dollars to Zhongshi's income.

Taken together, Zhong Shi earned 2.3 billion Hong Kong dollars in the process of this Hong Kong stock crash, which is about 300 million dollars when converted into US dollars.

These profits can be said to have been taken from the tiger's mouth of international speculators, making hedge funds such as Tiger Fund lose a lot of wealth in vain, and Zhong Shike has no psychological burden at all. You must know that they have carried out a sweep of the Hong Kong capital market, and it is natural to steal some of the profits from them, at least Zhong Shi thinks so.

……

In the U.S., hedge fund giants, including Julian Robertson, breathed a sigh of relief as the short closing orders on the buyers disappeared. When the index of the spot market fell to around 9050, the large buy orders that came out of the market did not come from them, but it also relieved them a lot of pressure, after all, if the position is too heavy, if they want to close it today or in the next few days, the pressure is relatively high for them.

Seeing that the bulls in the market did not come forward, and more than 60% of the 8,000 short closing orders ended in the form of short swaps, Julian Robertson decided to continue to increase the intensity of shorting, forcing the bulls to close their positions. After all, the combined positions of several of their hedge funds are more than 50,000 lots, and in this case, dozens or even hundreds of lots in the market will not help them close their positions at all.

Hong Kong stocks continue to fall!

The integer mark of 9,000 points was broken almost instantly, and the selling of heavyweights in the market seemed to be endless, which brought the market an extremely pessimistic mood, under the influence of which retail investors and institutions were almost racing to sell their stocks. Today's market is similar to the "stock market crash" two days ago, the fragile nerves of small institutions and retail investors have been hit hard again, the saddest thing is to buy when the rebound in the first two days, and sell when it falls wildly today, and this day is the saddest day.

Hong Kong stocks that broke through 9,000 points have been like a bamboo, and then broke through 8950, 8900, 8850, 8800 and other thresholds one after another, and the lowest even reached 8775. This position not only exceeded the expectations of most short sellers, but also exceeded the expectations of long funds who were ready to increase their positions, and soon a steady stream of buying funds entered the market, pushing Hong Kong stocks higher and rebounding.

At the same time as the Hong Kong stock market plummeted, the Hang Seng Index bears are also constantly throwing out large liquidation orders, but it is clear that to this situation, the bulls are not reconciled, except for a few bulls to make compromises, the other bulls are holding the mentality of fighting against the water, and continue to replenish funds into positions with serious losses, and are bound to bite the bears hard when they rebound.

It's just a pity that when the Hong Kong stock rose to around 9,000 points, the funds for the attack and the funds for the suppression invariably stopped the attack. On the one hand, for the bulls, they have absorbed part of the chips in the spot cover, which has far lowered their portfolio by a lot of prices, which is enough to be satisfied, while for the bears, the current price has approached their psychological expectations, and now they are only waiting for the reaction of the main bulls in the Hang Seng Index futures market. (To be continued......)

PS: Thank you very much for the book friend Gagoli for voting for the monthly ticket! It's been a few days since I saw the monthly pass, I hope you can support it more!