The next day, after the market opened, Lu Shen glanced at the screen and took a deep breath:
"17.20 yuan, put up 100,000 shares and try it out."
Zhou Huai's fingers are tapping on the keyboard.
Selling orders for 100,000 shares poured out instantly, and the stock price was pegged at 17.20. Only less than 20,000 shares of 100,000 shares were traded.
"Keep going down, placing 100,000 shares each time."
17.00.
16.90.
16.80.
But at 16.80, a buy order appeared.
Not one stroke, but dozens of dense strokes.
100,000, 200,000, 300,000,...
Like countless ants, they eat up all the stocks listed by Zhou Huai and the stocks that follow the trend little by little.
Five minutes later, the stock price returned to 17.00.
Ten minutes later, 17.20.
Fifteen minutes later, 17.35.
Lu Shen stared at the screen, his face ashen.
The 1 million shares he just sold didn't even make a splash.
"Mr. Lu," Zhou Huai's voice trembled, "The coupons we sold today will most likely not be bought back."
Lu Shen turned around suddenly:
"What do you mean?"
Zhou Huai pointed at the disk:
"Look, there are too few selling orders. The ones we just sold were eaten up by the bulls.
Now I want to buy it back to close my position, but I can't buy it at all – no one is selling it."
He paused:
"Moreover, our positions have increased again today.
What was sold out yesterday was not returned, and today another 1 million was sold out, so the net short position has increased again."
Lu Shen's hands tightened on the armrests of the chair.
Of course he knows what this means.
Smash it, someone will pick it up.
Close position, unable to buy.
He was like a beast trapped in a cage, no matter which way he hit, there was always a wall.
"Wait a minute." He gritted his teeth, "I don't believe he can hold it together."
November 24 Friday
Stock price: 17.10 - 17.40.
Lu Shen sold another 2 million shares.
Got eaten again.
His net short position increased to 89 million shares.
Unrealized Paper Profit? Yes. Based on the average cost of 18.2, the current stock price is 17.2, and the floating profit is close to 100 million.
But this 100 million cannot be taken out.
Because the position cannot be closed.
There simply weren't enough selling orders in the market for him to close.
Those who hold stocks, as if they have made a deal, are holding on to it and not selling.
Occasionally there are a few sporadic sales, which are snatched away as soon as they appear.
If he wants to close 1 million shares, he has to place an order and wait for half a day.
The result of waiting is often that the stock price is pulled up by himself.
Once, he tried to buy 500,000 shares to close his position.
As a result, the stock price jumped from 17.2 to 17.5.
He was so frightened that he stopped quickly.
If he continues to buy like this, the stock price will skyrocket before he can even out.
On November 25, Saturday, the market was closed.
On Snowball, the discussion is getting more and more heated.
User "From 5 to 20":
"Watching the market this week almost gave me a heart attack. It hovers around 17 every day, and I can't go up or down."
User "Patience Pays Off":
"This is called anxiety. Bulls and Bears The two sides are competing."
User "Value Discoverer":
"It's not both sides Bulls and Bears. It's one-sided by the bulls. Short Sellers can't be smashed anymore, but it can't be settled by closing the position."
User "Old Leek Root":
"Short Sellers How are you feeling now?"
User "Valuation Hunter":
"How do they feel? They are holding a bunch of Short Position in their hands, and there is a surplus in their books, but they can't take it out. How do you feel about them?"
User "Pig Cycle Hunter":
"Hahahaha, this is called 'paper wealth'."
User "Chase Rises Kill Dips for Life":
"Then what will happen if Short Sellers fails to close the position with one song?"
User "Value Discoverer":
"Either wait for the stock price to fall before they can even out.
But the stock price can't fall anymore. Or it will be forced to close the position when the financing expires. By then it will be out of Short Sellers's control."
User "Patience Pays Off":
"How long will it take to wait?"
User "Valuation Hunter":
"I don't know. Anyway, he is riding a tiger now."
On November 26, Sunday, a certain Private Club.
Shen Jue sat with three fund managers.
The bald manager held a wine glass:
"Sister Shen, are we just going to spend this song like this?"
Shen Jue smiled:
"What's the rush?"
Another manager wearing glasses said:
"We currently have 35 million shares in hand, and the cost is below 17. If we buy them now, we can make a lot of money."
Shen Jue shook his head:
"Why pull it up? You can still pick up cheap chips if you pull it up?"
She paused:
"The current price is the best. 17 yuan, which will not affect the confidence of bulls and can comfortably collect chips.
If he wants to smash it, we will continue. If he wants to flatten it, we will not sell it. If he is in a hurry, we are not in a hurry."
The bald manager was thoughtful:
"So what you mean is..."
Shen Jue said:
"Waiting for the day when he can no longer consume it."
She picked up the wine glass:
"If he spends one day, the interest will increase by one day. If he spends a week, the financing maturity is approaching day by day.
In the end, he could only kneel down and beg us to sell."
The three managers looked at each other and smiled.
The next week, Henglong's stock price seemed to be nailed to 17 yuan.
The daily amplitude does not exceed 3%.
Trading Volume is getting less and less every day.
There are fewer and fewer selling orders, and the reluctance to sell is getting stronger.
Occasionally, a few small Short Sellers wanted to enter the market, but after taking a look at the market, they retreated.
Who dares Short Selling?
Anyone who knows the inside story knows that giant crocodiles like Lu Shen are trapped, and small retail investors will die if they enter.
Occasionally, there are a few people who want to be long in the band, but they give up after trying twice.
Because I simply can't buy enough chips.
Occasionally, a sales order appears and is snapped up in an instant.
Want to open a position? Wait.
This week, Lu Shen almost didn't hit the market again.
It's not that I don't want to, it's just that I can't smash it anymore.
Every time he placed a sell order, he was targeted by bulls before the transaction was completed.
By the time he wanted to cancel the order, it was already too late.
Once, he placed 1 million shares at 16.90, wanting to test the waters.
As a result, as soon as I posted it, I was deducted 500,000 yuan.
He quickly withdrew the remaining 500,000.
From then on, he never dared to place orders casually again.
Nearly 90 million shares of Short Position are hanging overhead.
Watching the stock price fluctuate around 17 every day, his Unrealized Paper Profit is sometimes high and sometimes low.
But I just can't get it out.
Zhou Huai stares at the board every day, his face getting uglier day by day.
"Mr. Lu, what should we do now?"
Lu Shen said nothing.
He knows.
The bulls are now waiting for him to take the initiative to buy and drive up the stock price.
They can enjoy the success without spending a single soldier.
At this time, the importance of patience becomes more prominent.
You can't mess up your position.
Since he couldn't buy enough coupons to close his position on the current market, he might as well give it a try.
However, just as he was thinking about giving it a try, Stock Exchange came with a piece of news that was extremely unfavorable to him.
Henglong, actually issued an announcement at this time.
The fuse for change was ignited.