The Son of Finance of the Great Age

  Chapter 446 "Official" base war (5)

   Opening in the afternoon, the offensive of speculators has not weakened in the slightest. The selling volume of constituent stocks is still one billion Hong Kong dollars every fifteen minutes. The situation is still stalemate. The Hang Seng Index sometimes rises and sometimes falls, but the range is not very large.

Although the index is very stable, with few big ups and downs, ordinary investors still dare not enter the market easily. Firstly, the terrifying trading volume makes them retreat, and secondly, they know very well that this level of In a contest, as long as there is a slight mistake between the two sides in the battle, it means eternal doom for them.

Of course, there are also investors who are not afraid of death and take huge risks to enter the market. Most of them use ultra-short-term operations to avoid risks, or buy low and sell high, or sell high and buy low. Look for small but quick profits between offense and defense transitions.

  This kind of thing is of the nature of a wall, and there will never be a shortage of this type of investors in the market. Recently, many funds that have always advertised themselves as value investors have also joined the ranks. Because the market can no longer be explained by their usual investment logic, they will not easily let their main funds enter the market before the "Hong Kong government" and the speculators have a winner. And now the fluctuations in the offense and defense of the two sides have also become a good opportunity for them to use small funds to quickly enter and exit, and to arbitrate profits.

   But soon, they paid the price for their greed.

   At 3:30, there was still half an hour before the end of the transaction. At this time, the market turnover had exceeded the 10 billion Hong Kong dollar mark, setting a new high in the past month. This shows the intensity of the offensive and defensive sides. Although the Hang Seng Index has fallen slightly and is reported at 7782 points so far, everyone understands that the decline of these dozens of points is simply irrelevant to the overall situation. So far, the selling orders in the index futures market have been bleak, and the main force of short positions is still trapped inside.

According to the data released by the Hong Kong Stock Exchange, the largest trading volume of the futures index in August began on August 6, when the highest futures index was 7500 and the lowest was 7150. Then the Hang Seng Index fell for three consecutive days, and the futures index was the lowest. It reached 6650, and in the following two trading days, due to the influence of various news, the Hang Seng Index once fell to the lowest 6544, and the futures index also fell to 6310. There are 145,000 lots.

   Speculators attack the stock market to depress the index and then make money in the foreign exchange market, which has been known to most investors. Some good people also specially count the average positions of speculators through the published data, and estimate that the average price of their opening positions is between 7000 points and 6800 points. If this analysis is accurate, it means that if the current index is used for settlement, speculators will lose about 40,000 to 50,000 Hong Kong dollars on each sell order, while 200,000 to 300,000 lots have not been settled and have not been transferred. The total loss is expected to exceed tens of billions of Hong Kong dollars.

   Naturally, these are only preliminary estimates. In addition to the futures index market, speculators are also under increasing interest pressure in the Hong Kong dollar market, and by selling Hong Kong stocks to suppress the index, they also suffered huge losses due to the "Hong Kong government"'s action. The specific amount is estimated and the futures market The losses are almost the same.

  The only way to reverse all this is to frantically suppress the Hang Seng Index.

   "Stop buying, withdraw all pending orders!"

   Just when the second hand of the clock passed 3:30, Zhong Shi suddenly shouted loudly, "The futures contract throws out sell orders for me, as much as I sell, and the constituent stocks temporarily stop buying for 10 minutes."

  The sudden order made the traders who were busy at a loss. After a short period of calm, the trading hall suddenly became noisy like a frying pan. The traders who couldn't figure it out questioned loudly:

   "Zhong Sheng, you just said to stop defending the board, is that true?"

   "What are you doing, boss? Don't you know how many lots the speculators will sell if the trading is stopped for one minute? How many points will the Hang Seng Index fall?"

   "God, boss, you don't intend to let go, don't you continue to protect the market? You know we have invested so much money in it..."

  …

  All kinds of questioning voices immediately filled the entire hall, and the sound waves almost toppled the ceiling. Zhong Shi had no choice but to jump onto a desk in the eyes of everyone, and shouted resolutely: "Don't ask why, and follow my orders first. The strategy set before remains unchanged, and now it's just an accident!"

As he said that, with his right hand facing the sky, he made a vicious slashing posture in front of his chest, and added: "This move is to test the other party's financial level. Once ten minutes are up, you will pay the bill. We are going to lure the snake out of the hole." !"

  After listening to Zhong Shi's explanation, the traders suddenly realized that they tapped their keyboards and made phone calls in a hurry, and withdrew all pending orders that had not yet been filled.

   This move was immediately and keenly captured by the market.

  First of all, it was the main short sellers who noticed the abnormality in the market. They were still fighting each other, but they were shocked to find that the buy orders in the market suddenly disappeared without a trace in an instant, which surprised them greatly. Could it be a trap? For a while, the main short sellers on the front line didn't know what to do, so the traders on the short side also successively withdrew the sell orders placed at low positions, and then the high-level executives began to make frequent phone calls to discuss the reason.

  So there was a rare scene in the market, and the trading volume dropped suddenly.

   This signal was immediately captured by hot money. When the longs and shorts disappeared from the market at the same time, they immediately shifted their attention to the futures market. The result surprised them. A futures short that appeared on the ground suddenly sold short in the market. There are more than 100 lots of sell orders.

   "The Hong Kong government won't save the market?"

   "Funding problems?"

   "Shorts are going to win? The Hong Kong government is running out of money?"

  …

All kinds of rumors immediately flooded every corner of the market, and at this moment, a scene that really tested the reaction of investors appeared. The first group of people who heard the rumors had no time to consider whether the news was true or false, and immediately called Call the broker and ask them to short the short order of stock index futures as soon as possible. And by the time those investors who woke up from the dream realized it, they had already established a considerable number of short positions.

  Three minutes later, the main short sellers came to a preliminary conclusion. The bulls may have a problem with their funds. After all, in their evaluation report, Tianyu Fund is only a medium-sized fund with a capital amount of no more than 5 billion US dollars. This discovery made them ecstatic, because they took it for granted that this was a mistake in the cooperation between the main force of the Hong Kong government's funds and the Tianyu Fund, and there was a gap in the timing of the fund relay between the two parties.

  Suppress the index as soon as possible before the Hong Kong government takes action, which can further consume their funds. This was the first thought of all the short sellers, and they immediately ordered traders to enter the market again and sell the constituent stocks on hand. At the same time, sell short in the index futures market to earn more profits on the premise of raising your own average price.

   It was just a time to drink saliva, and the turbulent main force of the short sellers came oncoming again with overwhelming momentum, but this time without the main force of the bulls out of the station, the market suddenly collapsed.

  As for those sloppy, two-sided funds, many of them bet in the wrong direction. As a result, they only resisted a little in the face of the surging short-selling tide, and disappeared without a trace the next moment like a mud cow into the sea.

   "7850...7800...7750...7700..."

  Within five minutes, the index plummeted close to 200 points, with selling figures everywhere, and the Hang Seng Index was falling at a speed of seconds, and soon reached the mark of 7700, and ten minutes away was not much.

   And within a few minutes, because Tianyu Fund was ahead of the market, it established a short selling position of more than 1,000 lots, and the profit was close to 10 million Hong Kong dollars.

   "Now is the time!"

When the index fell below 7,700 points, Zhong Shi yelled, "All constituent stocks are placed with buy orders, and all of them are placed with a purchase quota of 100 million Hong Kong dollars. In addition, short positions are immediately closed. I will put all these positions Throw it to them!"

"100 million Hong Kong dollars?" Although they knew that Zhongshi would definitely use a large amount of funds to protect the market again, all traders were still in a commotion when they heard that 3.3 billion Hong Kong dollars was directly thrown into the market, but they also knew that now It was not when they were shocked. After a few seconds of sluggishness, they all threw themselves into the plate protection again.

   "154, 100 hands, 155, 100 hands, 156, 100 hands..."

   Facing the microphone, Zhong Shi quickly reported a series of orders to the broker, placing 100 lots of buy orders at a full 10 price points, leaving the broker dumbfounded. After all this, there are 10 pending orders, with a total amount of more than 60 million Hong Kong dollars.

   Zhong Shi, who had set up the first line of defense, was obviously not satisfied, and placed several buy orders again according to the trend of HSBC Holdings in the market, bringing the total number of pending orders to an astonishing 15, and the amount reached 145 million Hong Kong dollars.

   In other constituent stocks, similar plots are being staged one after another. On another heavyweight component stock, traders placed 33 buy orders, including the immediate lowest price to the price before the fall, completely in a posture of fighting to the death.

When the bulls appeared in the market again, the downward momentum of the Hang Seng Index did not stop, and the wave of selling on stocks and index futures was still turbulent. At this time, the emergence of the bulls was like an iron wall born out of nowhere, with a bang and a monstrous sound. The waves crashed together.

   "The bulls are at it again!"

   "My God, there are so many bills!"

   "This...what the **** is going on?"

  …

  The small and medium-sized investors were once again shocked by this sudden market. Now they couldn't figure out what was going on. They could only stare at the piles of numbers on the market display table in a daze.

   On the side of the main short sellers, the bulls suddenly surged out, which did not surprise them. When the vanguard was swallowed almost instantly, they quickly organized a counterattack and increased their attack on the market again. The two sides began to fight fiercely again at the 7680 position.

   "I wipe, this is all deal?"

  Six minutes later, a trader from Hong Kong Telecom suddenly made a strange cry, which alarmed the entire trading floor. After seeing everyone's attention, he couldn't help explaining embarrassingly: "The bill of 100 million Hong Kong dollars just now was all sold! My God! Nine minutes, only nine minutes, it's all sold!"

   Not only him, but the red vests on the field were also dumbfounded. Those who were in charge of bidding looked at the numbers reported one by one, and they had gone from being shocked at the beginning to being insensitive now. Even HSBC Holdings, whose price per lot exceeded 60,000 Hong Kong dollars, never quoted less than 100 lots each time. This means that the price they match each time is close to tens of millions of Hong Kong dollars. How have they ever seen such a situation?

  Ten minutes later, all the 3.3 billion Hong Kong dollar buy orders were completed, but the Hang Seng Index only paused for a while, and then continued to fall to 7700, which failed to rescue the market.

   "The opponent is so powerful? So much money has been invested in it, but they haven't counterattacked yet?"

  Zhong Shi's cold sweat broke out suddenly, and he suddenly realized that he might have set himself on fire!

   Thanks to book friend atuzai-zwb for voting for the first monthly ticket of this month! At the same time, thanks to KOO, Insurance Sellers, 36662870, Si Wuxie and other book friends who voted monthly tickets yesterday! A new month has begun, the author will try his best to work hard and hope to achieve better results! Thank you everyone~

  (end of this chapter)