Chapter 608 Is it too fierce?
"It's too early to open Hong Kong stocks tomorrow morning. What we must do is to seize the opportunity in front of us. With the rapid sharing of many major players in the US stock market, I believe that Mingzhu Holdings' blue-chip stocks will not last long. If this continues, it may take less than an hour for Mingzhu Holdings' important investment portfolio chips to be completely divided. We maintain the opening of futures, which is likely to make Mingzhu Holdings pounce." Shao Linhua seemed to be looking forward to fighting Mingzhu Holdings on the Dow Jones futures contract.
Seeing the Dow Jones real-time trading volume amplified like a big wave, and the trading orders for futures indexes became increasingly dense, Guo Wenli was already nervous.
All the abnormal situations in the US stock market during the trading session indicate that the market may gradually brew a storm in this change.
During the half hour since the Dow Jones opened, the keyboard typing of Lin Hua Investment's trading department did not stop. With a large amount of funds constantly intervening in the futures index, Lin Hua Investment has become the main force of the Dow Jones futures contract.
However, seeing Mingzhu Holdings' blue-chip stocks reduced their holdings and were constantly shared by the market, the smile on Shao Linhua's face disappeared, and replaced by a solemn look.
"Mr. Shao, Mingzhu Holdings issued an announcement on the New York Stock Exchange to reduce its holdings, involving more than 20 weighted blue-chip stocks in the three major sectors of banking, insurance and demand..." An information officer put down the phone and quickly reported to Shao Linhua.
"We are still reducing our positions. The Dow Jones Real Estate Point is a little unable to hold on, so we have to turn down..." Guo Wenli said in surprise at the electronic trading screen.
"Half an hour after opening. The trading volume of the New York Stock Exchange bulk stock trading platform has increased to US$120 billion, and even the trading volume of the Dow Jones Industrial Average has increased to US$89 billion. This volume ratio has hit a new high this year." An operator was a little scared and quoted. [~]
"What is the number of long positions we have opened on the Dow Jones futures contract now?" Shao Linhua asked in a deep voice.
"There are currently 6.5 million, but the short positions of the expiration index are still intensifying. If we want to maintain the current 2020 first-tier futures index guidance, the capital consumption will continue to increase." A female trader was already unable to bear it at this time when facing market pressure.
Many Lin Hua Investment traders could have thought before that Mingzhu Holdings might use selling stocks to achieve the goal of suppressing real-time and futures indexes, but they did not expect that the number of selling would be so large, even to the point where they could clear their blue-chip portfolio positions.
"Let the futures index be lowered, let its operation be synchronized with the Dow Jones real-time trading, and find the bottom at the 2000-point integer mark, but the opening of long positions cannot be stopped." Shao Linhua quickly adjusted his operating ideas.
"The increase in short positions in the futures index seems to be caused by scattered institutional investors in the market, and it is not like the operation of the super main force. However, once a joint force is formed, it cannot be underestimated." Guo Wenli checked the market for a while and did not find any abnormalities on the futures index.
"You can't be too careless until you receive the real news." At this time, Shao Linhua had already begun to be cautious.
In Shao Linhua's view, the chips of the blue-chip stocks held by Mingzhu Holdings are undoubtedly very valuable.
If Mingzhu Holdings sells some of its stocks to recover funds, Shao Linhua would not be surprised. However, on the surface, Mingzhu Holdings does not operate the futures index on a large scale, it has continued to reduce its holdings of blue-chip stocks with good growth potential, which is really a bit difficult for Shao Linhua to see.
Just as Shao Linhua was thinking about Mingzhu Holdings' intentions, the expressions of CEO Xu Chunjiao and self-operating department manager Agatha were also quite complicated in the self-operating department of Mingzhu Building in New York, USA.
In the huge self-operated department of Mingzhu Holdings, more than 30 operators are almost working hard. While trying not to affect the market, Zhang Chi sells the blue-chip shares held by Mingzhu Holdings to the market in a moderate manner.
Dalton, Secretary of Comprehensive Investment Services, led the information officer to coordinate with the New York Stock Exchange's market representatives to issue a large-scale share reduction announcement.
This day seems quite busy for the self-operated department, which has almost never had a decent operation in two years. During the two years of holding a group of blue-chip heavyweight stocks, Mingzhu Holdings has obtained extremely huge capital gains through the continuous rise in stock prices.
When considering many oil companies' stocks, Mingzhu Holdings' blue-chip investment portfolio was only cost less than US$260 billion, and they bought these stocks.
However, until now when a large number of blue-chip stocks were sold, delisting the delisting and integration of a number of oil blue-chip companies and the market value of the technology sector stocks, the market value of the three major sector stocks held by Mingzhu Holdings alone was close to US$380 billion.
Even if the market is undertaking strongly, these stocks will be sold in the short term, which will put huge pressure on the market.
"Agatha, the boss is not here after all. Is it a bit fierce for us to sell stocks so much?" Xu Chunjiao asked with some concern.
"Abnormality occurred as soon as the Dow Jones opened today, which shows that Evan's worries are not unreasonable. If we do not sell stocks now, we are afraid that the short positions in the futures index will have been attacked long ago. Once the market has a large number of trends, the situation may be out of control." Agatha sighed and explained.
"Compared with the market value of 380 billion yuan of blue-chip stocks in the three major sectors, the short-selling funds of less than 5 billion US dollars in the futures index are really a little smaller. Now that we are so crazy about reducing our holdings, isn't it a bit like catching small and enlarging?" Xu Chunjiao couldn't help but worry about such big things, especially when Chen Hongtao was not around.
"This is not about catching small and enlarging, but the boss needs to reduce the blue-chip shares we hold. Now that we have funds to take over, it is definitely a good opportunity for us to exit smoothly." Agatha, a woman, is very confident.
"What should we do if we short the 1.5 million futures indexes?" Although we are the CEO of the holding company, Xu Chunjiao still needs to communicate with Agatha in the face of large-scale capital operations.
"All traders should pay attention to gradually close our short positions in the futures index below 2010 points." Agatha issued a loud order to a group of traders, which gave Xu Chunjiao an answer.
"Agatha, are you still worried that the Dow Jones futures contract will rise when we sell such a heavy position?" Xu Chunjiao asked incredible.
"Of course it will rise. In fact, the market is a little unstoppable now. When we sell stocks like this, the market's decline is very limited. It can be imagined that once our stock holdings gradually dry up and the market is not suppressed and collapsed, the market is likely to rise. However, I am not sure how much it can rise, and I have to observe it one after another." Agatha explained to Xu Chunjiao.
"It seems that the long positions of futures are open very regularly. Is it possible that there is an institution operating against us?" Xu Chunjiao glanced at Dalton.
"I just received the news that the main organization of many parties entering the futures index is an offshore company called Lin Hua Investment. This offshore company is registered in the British Virgin Islands. The boss is also interested in it. The specific situation will take some time to investigate, but I am confident that I can investigate it in detail." Dalton said solemnly.
"This Lin Hua investment is targeting our institution on the Hang Seng Futures Index?" When Xu Chunjiao heard Dalton's statement, he seemed to have thought of something.
"It's them, I believe that they dare to declare war on the self-operated market of the holding company. This Lin Hua investment should have extraordinary energy." Dalton was not careless at all.
The keyboard sound in the entire self-operated center is like a rushing water pouring downwards, gradually pressing down the dock's real-time position.
"How much is left in the stock positions of the three major blue chip sectors?" Feeling that the closing was going quite smoothly, Agatha asked the chief trader loudly while taking a look at the actual inventory of the Dow Jones Industrial Average.
"About a quarter of the positions are left, and the market is still undertaking it very well." A man in his thirties with deep and wise eyes gave Agatha a response.
"Increase the efforts to close short positions in the futures index. Once all futures index positions are closed, stop selling stocks." Agatha issued the operation instructions loudly.
"The futures index is 2008 points, closing 300,000 short positions." As the chief trader, a man in his thirties first began to take the lead in accelerating the closing of positions.
"Dow futures contract is 2005 points, closing 200,000 short positions..."
For a moment, Mingzhu Holdings' Proprietary Operations Department has quickly closed the short positions in the futures index account and recovered funds as market pressure increases.
Two minutes later, in Chapter 598, when the futures index closed and the quota stopped, the market will of course be at a loss. This is a normal phenomenon, but losing pressure is real. I believe that the market will eventually choose to run upward." Agatha explained calmly.
(Thanks to Fat Zaibing for the reward of 400 starting points coins, the second update.) (Welcome to your support, which is my greatest motivation.)
Chapter completed!