The Son of Finance of the Great Age

  Chapter 42 Highly Tacit Fighting

At this time, it was September of 1987, and the main contracts on the futures index were also moved to October and November. As for December, which was regarded as the main contract by Zhongshi, there were also a lot of funds invested field.

   "Who is this? It's such a big deal, it seems to be a demonstration of the 10,000-hand deal some time ago?" Zhong Yi stared at the numbers on the board and said thoughtfully.

"That's right, that's not right, it's also possible that the funds went long backhanded." Zhong Shi stared intently at the market, and as the large order was placed, the scattered long orders were wiped out in an instant, and the index price skyrocketed Straight down, a long Yinxian was pulled out in a short while.

   "Then how to judge this situation?" Zhong Yi looked at the rising numbers, and couldn't help but feel a little happy. At this time, every jumping number means that their empty orders are making a profit.

"Wait, wait for the bulls to jump out! According to such a rise, the bulls must be unable to hold back, and will jump out to compete with the shorts!" Zhong Shi said lightly. He didn't take this kind of rise to heart. Although the fluctuations in the price will also affect the contracts in other months, fortunately, the opponents in December are not big.

As he expected, not long after, when the large order of 15,000 lots swept away the buying orders in the market like a storm, three long orders of 3,000 lots popped up on the screen quickly, and each other The time for the time to appear is almost negligible, and they are uniformly hung at a relatively low price, which is full of provocation, and it is obvious that they are very confident in their own funds.

   At this time, I will see if the empty order will be accepted!

  At this time, everyone in the trading room couldn't eat anymore, and gathered around one after another, looking at the constantly beating numbers on the electronic screen, thinking in different ways. Even the stubborn Liao Xiaohua quieted down, staring at the teenager in front of him, wanting to hear what he had to say.

"Accepted! Accepted!" Just as everyone was still thinking about it, news of transactions popped up one after another on the transaction column, and the volume of transactions below also instantly increased. Within ten seconds, more than 9,000 lots The order was picked up without even a splash.

   "What exactly does this mean?" Liao Xiaohua waited for a long time, but did not see any words from the crowd, so he became a little anxious. He quietly leaned into Liao Chengde's ear and asked in a low voice.

No matter how stupid he is, he still knows that this is a critical time. From the dignified faces of everyone, he can see that everyone who was eating and drinking together just now has become serious. Even his old man just shook his head and did not answer. His questions.

However, he does know the numbers on the screen. Seeing the numbers beating tens of thousands or hundreds of thousands, and the denomination unit is US dollars, he feels his heart beating violently, as if there is a ferocious beast in front of him, looking at it covetously. He is average.

Although he has never asked about his father's net worth, he has a vague idea that all of Liao Chengde's property is only a few million U.S. dollars. You can only buy hundreds of lots.

What exactly is this? If the beating numbers are real, wouldn't the amount be hundreds of millions? But it is far richer than his father's net worth. Liao Xiaohua was thinking quietly while staring at the faces of Zhong Shi and Zhong Yi, trying to understand something from it.

   What makes Zhong Yi feel strange is that there has been no movement since the long order sold a large order of 9,000 lots, allowing the short sellers to suppress the index price to a new low.

At this time, the S&P 500 index was around 365. After being suppressed by empty orders, it quickly dropped to 360, a key position. If the 360 ​​line of defense is broken, the bulls may lose their armor. Completely defeated.

  The bulls only resisted a little at the prices of 362 and 363, and there was no further action. It is abnormal to watch the prices go down!

  In the November contract, the long position is as high as hundreds of millions of dollars. If these five points go down, at least millions of dollars will be lost, or even more.

   "Could it be that the bulls are really backhanded and short?" Zhong Yi murmured.

  Although his voice was small, it was still clearly caught by everyone in this quiet trading room. Andrew glanced at Zhong Yi, with a look of approval on his face, presumably also approving of his point of view.

  As for Liao Chengde, his brows were deeply furrowed, and he was stunned for a while before he said: "If you are long, then why bother to place a long order of 9,000 lots? Isn't it superfluous?"

"Maybe they want to create a false impression that the long positions are short of funds and they are defeated in one fell swoop. Those who follow the big funds will change their direction and go short one after another. In this way, they can take advantage of the trend. In fact, those long positions just now are exactly They were flattened by themselves."

  Zhong Yi thought for a while, and then said carefully, he also thought for a long time before realizing this possibility.

   "Don't jump to conclusions so early, it's better to read the information from the New York Dow first!" Zhong Shi chuckled, revealing an inscrutable expression.

   "Yeah, why did you forget this one?"

   "Yes, stock index and futures have always been complementary!"

  Everyone suddenly realized, and quickly switched to the interface of the Dow, only to see that the number of the Dow was fluttering red, opened higher than the previous trading day, and rose slightly, which obviously had a good momentum.

"Selling so boldly under such circumstances? One point of the S&P is equivalent to eight or nine points of the Dow. Could it be that they want to do something on the Dow?" Zhong Yi's brows were deeply frowned. He couldn't understand the situation.

   "If you want to push the Dow, how much capital do they have? The market value of the entire Dow Jones is several trillion dollars!" Zhong Shi curled his lips and said disdainfully.

In fact, this kind of thing happened in later generations. In China’s capital market, a certain large commercial bank used its own funds to frantically increase the index, and then opened up short positions through its own futures company, and then published it on the market. The statement said that there was a problem with his trading system, which brought the market back to the normal track.

Just between this rise and fall, this commercial bank took advantage of the decline in the stock index to successfully earn huge profits. It bought more than 7 billion constituent stocks in the stock market and fell by less than five points, while the corresponding short stock index The number of contracts is as high as 7,000. The figures shown in it show that the commercial bank's profit and loss in this "oolong" incident are equal, but secretly those short sellers who got the news can make a profit.

  However, the supervision of Huaxia Securities is not comparable to that of the SEC. In this case, the SEC may fine the business bankrupt, while in China, they can only hold it high and put it down gently.

"You are wrong. In fact, this situation can only be a kind of temptation. Look at it. After a while, the bulls will attack, and the number will definitely not be 360, not even 359, it may be 358 or lower !" Zhong Shi no longer looked at the plate, but sat down in front of the table again, picked up a piece of well-cooked beef, and started to chew.

   "Why is this?" Zhong Yi also sat down again, but he picked up the chopsticks, but he didn't feel like eating anymore, and one eye couldn't help but stare at the constantly scrolling screen.

  Watching Zhong Shi sit down again, although everyone was puzzled, they also sat back in front of the table again, but at this time they were full of doubts, and they were waiting for Zhong Shi's explanation.

  Only Liao Xiaohua was still standing in front of the electronic screen, staring at the jumping numbers without blinking, trying to prove whether Zhong Shi's words were correct.

"It's actually very simple. It's a greeting from both parties. If I'm not mistaken, the two parties should be very familiar with each other. It can even be said that this change is a joint effort between them." Zhong Shi swallowed. The meat in the meat, the chopsticks in the hand stretched out to a tumbling crab stick.

   "What?" Everyone couldn't help being surprised when they heard this explanation, and their faces changed.

"Fell, fell, it broke 360!" Just when everyone was still in doubt, Liao Xiaohua suddenly shouted, and a group of people hurriedly surrounded them, only to see that the price quickly fell below 360, and it was reached in an instant. 358, which has reached the expected price of Zhongshi.

All of a sudden, the short sellers were aggressive, and the market was full of dozens or hundreds of short sell orders. When the index was about to break through 356, a buy order of 10,000 lots suddenly appeared on the bull side, and the low-priced short sellers were immediately sold. The order was wiped out, and before the short sellers came back to their senses, another long order of 10,000 lots came in, and the price was pulled to 360 in an instant.

  A total of 20,000 lots of long orders, which hit the low-priced short sellers badly. Before the short sellers recovered, the index has soared again and again, returning to the position of 365, and even has an upward trend.

   The bears really want to cry now. If they want to close their positions, they have to endure a loss of more than five points. If they don’t close their positions at this time, they may lose more.

   "It's amazing!" Liao Xiaohua was stunned for a while, and then he gave Zhong Shi a thumbs up, his tone full of admiration. This trend is the same as Zhong Shi's analysis, as if Zhong Shi saw the future.

   "Actually, the futures index is a game between people, and it is a psychological warfare! Except for some uncontrollable factors, hehe!" Zhong Shi cupped his fists, indicating that he received Liao Xiaohua's praise. Turning his head, looking at Zhang Zhang's incredible faces, he stroked his smooth chin and said in a pretentious manner.

   "Tell me, what's going on?" Zhong Yi didn't care so much, he grabbed Zhong Shi's shoulder and shook it vigorously, shaking the inscrutable posture that Zhong Shi had finally put into pieces.

"It's actually very simple. The previous shorts repelled the longs and successfully mobilized the shorts in the market. So everyone came to short, and finally let the biggest shorts get away. At this time, the Dow was rising. There's no reason for the S&P 500 to fall, so the bulls are gaining momentum at a lower price, and the bears have been bruised and bruised."

   "Didn't you see the two long orders of 10,000 lots? If I guessed correctly, one of them must be the previous big short, so I don't know which one it is!"

   "This is the 'enemy is true and we are false', 'enemy advances and we retreat', 'concealing the sky and crossing the sea', 'beautiful tricks' in the art of war..." Zhong Shi spoke nonsense while gnawing on a crab stick. (I hope everyone will recommend and collect more)

  (end of this chapter)