Chapter 445 "Official" base battle (4)

  The traders were shocked, but they already understood Zhong Shi's meaning, that is, to fight **** at any cost. Immediately correct your attitude and start buying in the market recklessly.

   At the opening price of 7837 points, at the moment of free bidding, it began to dive rapidly and fell, almost completely erasing the fraction of 37 points in the blink of an eye. Just when other investors in the market were stunned, buying orders also appeared with overwhelming momentum, not weaker than the previous selling orders. The momentum rushed towards the opponent.

With a loud "boom", the two sides finally engaged in a fierce fight between soldiers and generals. Immediately, there was a symphony of golden swords, iron horses contending, the rumbling of war drums, and the murderous aura shook the sky, turning the entire Hang Seng Index into ground meat. Machine-like **** battlefield.

  Although there are no real stumps and flesh and blood flying around, and the wailing and wailing of the fight, the tension in the hearts of investors on the sidelines is no less than that of being on the battlefield in person. It's just that they can only choose to wait and see, because this level of competition is simply not something they can participate in.

"7800", "7801", and "7799", in just one second, the Hang Seng Index alternately displayed three different numbers, beating rapidly like a windmill turntable. Huge funds go in, hoping to hold or capture integer points.

Inside the Tianyu Fund, there are already beads of sweat on the foreheads of traders. Facing a huge number of selling orders, the trader has no time to report to the person in charge. All he can do is keep placing and placing orders. Then place an order, from the computer to the phone, the 10 brokers are also going all out, sending all the brokers to match the transaction, and strive to complete the customer's entrustment in the first time.

  Time passed bit by bit, the index was always stalemate around 7800 points, and neither side of the attack was strong enough to defeat the other. After 15 minutes passed, Zhong Shi slowly let go of his hanging heart. Although it is not clear how much money has been exhausted, judging from the performance of the traders, at least they resisted each other. The offense adapted to this almost crazy rhythm.

   "Quotation of transaction funds for each stock!"

   Taking advantage of the time to catch his breath, Ren Ruowei quickly shouted and counted the amount of money spent. The traders shook their heads and quickly reported one number after another, while Ren Ruowei recited these numbers silently and calculated the total amount in his mind.

   "2 billion!" After all the figures of the 33 companies were broadcast, Ren Ruowei immediately reported a number, "Maybe there is a discrepancy, but the difference is not big. Be good, good guy!"

   Before Zhong Shi could say anything, he heard a strange cry from a trader, and shouted loudly, "Here we go again!"

They only had time to catch their breath, and the second wave of speculators stepped on the dead body of the first wave of attacks. Dozens and hundreds of short-selling orders followed one after another, continuing to short-sell the index constituent stocks .

  Traders who had just had time to wipe off their sweat had to jump into the ranks of buying again.

  …

Zhong Shi is staring at a series of financial constituent stocks including HSBC Holdings. In the wave of selling just now, HSBC Holdings had more than 3,000 lots of sell orders, with an amount close to 200 million, the largest among all constituent stocks. The biggest cost of money.

   "Now at 160, someone placed 20 lots at 159, 50 at 158, and 200 at 157." Traders quickly reported to Zhongshihui.

Except for the selling orders of these lots, the others are one lot, two lots, etc., and traders don't bother to report the numbers at all, because in the subsequent buying, these small lot selling orders will be like the autumn wind sweeping the fallen leaves. was completely swept away.

The reason why the number of lots is reported in this way is because according to the conditions of price priority and quantity priority, the first transaction of the buying party during the matching is the sell order with a price of 157. After these sell orders are digested, the transaction system of the exchange Then match the sell order with the quotation of 158, then 159 and so on.

  So if the 200-lot sell order at 157 cannot be cleaned up, the real-time quotation will stay at the price of 157. And speculators can take the opportunity to turn around and offer a lower lot price quotation, lowering the price step by step.

This is the seller's tactic when attacking, and if the attacking party is the buyer, it is to set up a large number of buying orders at a high level, raising the transaction price, increasing the cost of the other party's selling, and having to wait until the position is closed Buy at a higher price.

   "157, eat it!"

   Regarding the quotation, Zhong Shi didn't even blink his eyes, and he gave the order decisively. 200 lots of HSBC Holdings is 12.56 million Hong Kong dollars, and if you want to raise the price to 160, you have to clear the sell orders at the other two prices.

  The quotation of 157 was quickly executed, but after the transaction, the stock price did not rise to the upper level, and the short sellers immediately sold 400 lots of selling orders. Here, they deployed a large number of defense lines.

  Some people may ask, if short sellers sell stocks with larger lots at a lower price, wouldn’t they be able to suppress the price even lower when the transaction is completed? But this is not the case in fact. When a short seller sells at a lower price, he has to take into account the large amount of hot money in the market on the one hand, and on the other hand, he has to consider the cost of covering the position in the future. If in their expectation, HSBC Holdings' final call-in price is 140, then they must beat the buyer at a price above 140, otherwise they will not be worth the loss when they cover their positions in the future.

If a large number of sell orders are rashly placed around 155, the hot money on the sidelines in the market may sell. On the one hand, this price may exceed their psychological expectations for HSBC Holdings, making them think that they have grabbed a cheap stock; One step closer to the expected closing price, which means that some future profits may be lost.

  So now the short sellers are selling one price at a time. On the one hand, they are consuming the other party’s funds.

  If there is no strong opponent in the market, the short-selling party will have no worries, and can directly set up a 1,000-hand line of defense at the 150 position to completely scare the entire buyer away. But the current situation is that no matter how many sell orders the short side throws out, the long side can still accept them. In addition to breaking through their heavily guarded pass, they even have spare power to attack, which made them a little confused for a while. position.

   Half an hour later, the short positions at 157 and other positions were breached one after another, and the stock price of HSBC Holdings rose again to 160. This clockstone glanced at the funds spent, 105 million, close to the turnover of 2000 lots.

Next, the speculators launched a new round of offensive. The situation was almost the same as that of the second wave. The traders who were used to this selling rhythm took it easy and made another move according to the previous strategy. By noon, Steadily maintained the index at the level of 7788, only roughly dropped by less than 50 points.

   "5 billion!"

Taking advantage of the time when the others were resting, Ren Ruowei walked up to Zhong Shi, and reported a figure with a solemn expression, "5 billion, this is all the expenditures we have made to protect the market this morning. It is more than the largest fund of the day every day before." If it is big, it is estimated that it will cost at least 10 billion dollars today to successfully complete the task."

  At this time, Ma Jiarui also surrounded him. After hearing Ren Ruowei's words, he didn't speak, but his face turned gloomy. Obviously, this number also surprised him.

"Relax, this number can't shake our foundation!" Zhong Shi first comforted the other party, then frowned and thought for a while, and said, "I have a plan now, and I will give up at a certain time when the market opens in the afternoon. Support the market and see how the market reacts!"

"what?"

"Are you crazy?"

  Ma Jiarui and Ren Ruowei shouted at almost the same time. After blurting out, they both heard the other's exclamation, and after looking at each other, they both saw the horror in the other's eyes.

  Are you kidding me? In such a fierce battle situation, you actually left the battlefield. If you committed the crime of running away while on the battlefield, you would be dealt with by military law. Judging from the current situation, even if you leave the battlefield for a minute, the Hang Seng Index may drop by dozens of points.

  However, after experiencing the initial horror, both of them knew very well that Zhong Shi was definitely not a random person. Since he said that, he must have his own deep meaning. So after experiencing the initial shock, the two of them kept their mouths shut and waited for Zhong Shi's explanation.

"We must test out the depth of the other party's funds!" Zhong Shi was silent for a while, and after the two of them had completely calmed down, he said, "There is also the sentiment of the market. How much funds the speculators have prepared is something we have no way of grasping." So I was thinking, whether to set a trap at this time, first short the futures, not to support the market, and wait until the index falls to a certain position, and then we will make efforts. In this way, including hidden sellers will also be drawn out so we can get to the bottom of them, at least in part."

The buyers in the market suddenly disappear, or the main force suddenly disappears, and the short sellers will definitely take the opportunity to go short. When the stock market falls to a certain level, Zhongshi will make another effort. At that time, the strength of the sellers who will come out will definitely be secretly observed. A bird's eye view.

  Although the plan is good, it can be called drawing chestnuts from the fire. If one is not careful, due to the large-scale actions of the short side, making the bulls unsustainable, then Zhong Shi's plan will be regarded as a chicken and egg.

"How much will it be?" After thinking about it for a while, Ma Jiarui found it difficult to weigh. It stands to reason that there is no need to take this risk now. Even with such a consumption rate in the afternoon, the entire Tianyu Fund is only tens of billions of Hong Kong dollars. Consumption, and the remaining 60 to 70 billion Hong Kong dollars is enough to support the last futures trading day.

  The trading day of the Hang Seng futures index is the penultimate trading day of each month, that is to say, the trading of the futures index in August will all stop and settle after the end of trading on the 28th tomorrow. On the 31st, the last trading day, it completely turned to the futures trading in September.

"Around 150 points, it should be enough to attract the attention of all short sellers!" Zhong Shi frowned and thought for a while, then looked at Ma Jiarui and Ren Ruowei, both of them were at a loss, and immediately made up their minds. All the decisions can only be made by Zhong Shi alone, "When they swarm up, it will be the time for us to take the opportunity to counterattack. At that time, there will be a lot of people to take over the sell orders we closed, and we can Preliminary estimates of their positions. In addition, more funds should be prepared in the stock market, waiting for the counterattack, to withstand the selling pressure of the other party."

   "The time is set half an hour before the end of the transaction. One is to be caught off guard, and the other is to leave us enough time to support the market. What do you think?"

   Gradually, the context in Zhong Shi's mind became clear, and the original idea gradually evolved into a complete strategy.

   "Let's do it like this!" Ma Jiarui and Ren Ruowei stared at each other for a moment, although they were somewhat disapproving, but at the same time thought that this strategy made some sense, and they were entangled in various ways. It's just that this is not the time for Moji. After seeing the anxiety flashing in Zhong Shi's eyes, the two of them could only nod their heads in agreement.

  As the market opened in the afternoon, the selling momentum of speculators did not show any decline, and Tianyu Fund's response did not show any weakness, and the two sides once again stalemate.

   Thanks to Ah Fei, Starting Point Mochi, for making me think about it... Wait for the monthly votes from all the book friends! Thanks to Ya'an Xinya and Xiao Qi for their rewards for the miracle of civilization! Thank you all so much for supporting this book!

  

  

  (end of this chapter)