Chapter 777 Intermission(1/3)
In the stock market trend chart composed of various lines, instantaneous fluctuations are very fierce.
The contrasting colors give it a thrilling feel.
Interestingly, the share prices of the two most prominent companies, Microsoft and Intel, are in the mid-twenties.
As a result, the lines fluctuated violently, but the fluctuations in the numbers were far less eye-catching than the original Apple stock price.
MSFT:27.31,27.59,27.72……29.77……
INTC:23.44,23.68,24.01……24.55……
Starting from 9:30 ET, the stock price fluctuations of these two stocks fully demonstrated the cruelty of retail investors.
Not only did the stock price quickly rise by nearly 10%, but the trading volume also quickly exceeded the normal threshold and reached the 1B level.
That's $1 billion.
Fang Nian clicked the mouse, switching between different windows leisurely and looking at different categories of content.
Regarding how to reasonably short-sell in the U.S. stock market, it is of course related to Qiu He and Liu Xilai's trading.
Classmate Fang Nian looked here and there.
Occasionally type something on the keyboard.
For example, let's verbally support the grumpy old man on WSB who is getting excited.
"fxxk, this female cousin of the stock market really has strength in numbers!"
"We must continue to stick together so that we can have room to survive!"
"..."
After looking at it, he held the key and texted: "YOLO!"
I also posted a screenshot specially.
To this end, Fang Nian played with call option contracts and directly purchased stocks.
It's just like some rich and grumpy guys on the WSB forum who like YOLO, who have lost everything and invested tens of thousands of dollars.
Anyway, for my classmates, this is just a trivial matter.
The stock started making profits.
However, the profit margin is not very large, after all, the investment cost is very low.
There is no bullish contract yet, because Fang Nian prefers short-term trading, such as daily trading, so the delivery date of the contract is relatively close.
This post by Holding the Key once again ignited the enthusiasm of the WSB forum.
"YOLO! As expected of a key-holder!"
"I'll have one too!"
"Although we have won, those son-of-a-bitch capitalists don't even dare to short-sell! There is no way to avenge Apple's short-selling last time! But I want to do it too!"
"The key holder is so optimistic about Microsoft. The direct target price has risen to US$40 today, strong!"
"YOLO! Last time Apple was shorted and suffered heavy losses! Come again this time!"
"..."
b Speaking of which, the reason why holding the key can so easily mobilize everyone's emotions, and with a little guidance, retail investors immediately hug together for warmth, is actually very simple...
Because short selling is a relatively obvious behavior of cutting leeks.
Retail investors basically do not have such a large amount of funds, especially in the United States, a place where people have always cared about immediate enjoyment.
Therefore, the more stocks of giants like Apple and Microsoft are shorted, generally speaking, more retail investors will be affected.
After all, it seems that it is a company that is prone to sudden good news and then gain profits.
For example, in May, Apple was suddenly shorted, and many retail investors burst into tears online.
As time goes by, the market becomes more volatile.
It is attracting more and more attention.
The phrase ‘there is strength in numbers’ suddenly became very clear.
Even the elites on Wall Street can't understand this operation, because stocks like Microsoft are running wild like wild horses.
I have seen realDT popping up on Twitter again every year.
"The focus of this matter is not on the stock market."
Holding the key quickly left a message under the tweet: "Mr. Tang's words woke up the dreamer. We have grasped the wrong point. The stock market is just an internal conflict between us small retail investors and hedge funds. In fact, it has nothing to do with the nature of the matter;
The excessively high stock price must be taken seriously, as institutions may take advantage of it!”
"fxxk, as expected, capital never grasps the key points and diverts attention first!"
These two messages prompted Donte to reply: "Although your reaction is not quick, it may still be in time."
"..."
Netizens who responded even more slowly were speechless.
Ask questions one by one.
"Haven't retail investors already won?"
"What do you mean?"
"What happened?"
"..."
It took a while for the key-holding reply to appear: "I personally should focus on other than the stock market. I don't want to see news about Microsoft, Intel, AMD and other companies cooperating with Frontier."
"..."
Chigua netizens were even more stunned.
Then gradually news came out.
Some funds have begun short selling, and short selling transactions against companies such as Microsoft have begun to increase.
Citron and Muddy Waters once again issued a short-selling announcement, expressing the structural risks of the stock and recommending short selling;
And believe that the current stock price is no longer within a reasonable range.
Several well-known hedge funds on Wall Street have also begun short selling.
However, the amount of movement is not very large.
Among them, several unknown small companies suddenly emerged and claimed to short Microsoft.
According to incomplete statistics, Microsoft and Intel stock orders worth a total of US$1 billion were lent out continuously before this.
Some relevant institutions disclosed some inside information, saying that analysis showed that the average price of MSFT shares lent by these small companies should not exceed US$33.
The latest price of MSFT is US$35.21, which has increased by nearly 30% compared to the opening price!
After these operations appeared together with the disclosed inside information, even Wall Street fund companies, including Citron, laughed.
There is quite a kind of language:
It means ‘we are just playing around, why do you still take it completely seriously’.
"..."
The grumpy old guys who were active in the WSB forum also laughed.
"Although the stock price is indeed somewhat artificially high, where do these small companies get their confidence?"
"Let's work harder and let these small companies that are in the limelight be liquidated first!"
"That makes sense!"
"As long as we buy enough stocks, they can't even close the position!"
"..."
Of course, holding key is indispensable, and holding key delivered a relatively classic line.
"Learning to run before you learn to walk is never a problem. First ask yourself if you are a genius."
This post was immediately flooded with likes and comments.
"As expected, it's the key-holder brother."
"..."
Forums, Twitter and other places are booming, but Fang Nian has already logged out of all accounts.
More than an hour passed in the blink of an eye, and I was a little tired.
After standing up and looking at the busy people, Fang Nian asked: "Are you almost done?"
Liu Xi was the first to speak: "Yeah."
Guan Qiuhe clapped his hands and breathed a sigh of relief: "I've done it here."
To be continued...