Chapter 19: Chapter 019: The Determination of the Market Makers
Upon hearing Zhao Yang's words, some of the other traders, who were not clear about the situation, looked at Chen Wei with some dissatisfaction. Chen Wei frowned slightly, feeling annoyed, and said, "Just because I made money, does that mean I snatched the price?"
"Why did everyone else lose money, but you made money? Do you dare to say you didn't snatch the price?" Zhao Yang questioned.
"Well, then you can believe I snatched the price," Chen Wei replied indifferently, unwilling to argue with Zhao Yang any further, adopting an attitude of 'take it or leave it', and continued to watch the market. With over three hundred and thirty short positions in his hand, he needed to keep an eye on the market at all times.
"What's with your attitude? Colleagues are supposed to help each other and support each other when trading together! Instead, you're actually competing with your colleagues for prices! That's selfishness, do you understand?" Zhao Yang angrily rebuked.
"Selfish? Who was it that competed with Zhou Yi for the price the day before yesterday? It went from 75 all the way down to 50! Zhou Yi probably lost about two thousand because of that, right?" Chen Wei coldly countered.
Zhao Yang was momentarily speechless, unable to argue further. "I... I didn't know about that. If I knew it was Zhou Yi's order, would I have competed with him? What about you? You were all trading together outside, don't tell me you didn't know everyone had entered?"
Chen Wei couldn't help but smile wryly, about to refute, but Zhou Yi spoke up, "Zhao, let's be fair. In this trade, Chen Wei didn't actually compete for the price. He entered with over seventy hands at 4.30 and exited with over sixty hands at 4.12. Honestly, if it weren't for someone snatching the price, Chen Wei would have made even more money."
Zhou Yi also felt resentful when he remembered the two trades he had been tricked into by Zhao Yang the day before yesterday.
It wasn't just standing up for Chen Wei, but mainly seeing Zhao Yang's unreasonable behavior.
"You shut up and mind your own business!" Zhao Yang, not expecting Zhou Yi to speak up for Chen Wei, felt somewhat embarrassed and reprimanded Zhou Yi before storming off.
As he reached the door of his office, he stopped, turned around, and shouted at the group of traders, "If anyone dares to snatch prices again, I'll deal with them!"
Although this was actually aimed at Chen Wei, everyone in the room looked at Wang Dongcheng with ill intentions...
Wang Dongcheng remained expressionless...
Shortly after Zhao Yang left, Wang Zhaoguo hurried over to Chen Wei and Zhou Yi's side.
Glancing at the positions of the two, he exclaimed, "Wow, Chen, you're still amazing, earning so much! I lost twenty bucks. Can this big order at 4.30 hold up? I'm a bit scared to short it!"
Actually, Zhou Yi also wanted to ask Chen Wei if these big orders at 4.30 could still hold, as he still had over eighty short positions, and more importantly, he was over three hundred in the red. If 4.30 were to be taken out in one fell swoop, he would suffer significant losses.
Chen Wei wasn't in the mood to deal with Wang Zhaoguo's questions, but seeing Zhou Yi looking at him for answers, he said, "After yesterday's breakout and subsequent suppression by the market maker, it's evident that this bearish market maker isn't easy to mess with. Today, probably not many stubborn bulls will try to tackle this big order again. Of course, nothing is absolute, let's see how it goes. If the situation doesn't look good, just close out at 4.30."
With Chen Wei's assurance, Zhou Yi breathed a sigh of relief.
Wang Zhaoguo also said, "Then I'll go short again. Worst case scenario, I'll close out at 4.30."
Then he hurried back to his seat and placed several short orders at 4.30.
At this point, the orders at 4.30 began to increase gradually.
It seemed that others had also heard about it and wanted to short again.
The buy orders on the left side remained relatively low, around 4.22.
There were transactions both up and down on the market, but the volume was not large.
Fortunately, nobody was snatching prices this time. Everyone was gradually shorting at 4.30.
"This is great, no one's snatching, everyone's shorting at 4.30, so nobody will lose money. Remember, when it's time to close out, don't snatch!" someone shouted.
Immediately, there was a chorus of agreement.
Wang Zhaoguo also chimed in, "Chen, where should I close out? Still at 4.12?"
Chen Wei was speechless. Did this guy have no judgment of his own? He followed others when entering and now he was following others when exiting!
He replied without much patience, "Close out wherever you want."
"Oh, I want to close out at four yuan, hehe!" Wang Zhaoguo laughed foolishly.
"Wang Zhaoguo, how many hands did you enter?" someone asked.
"I entered five hands. If I can close out at four yuan, I'll make one hundred and fifty bucks!" Wang Zhaoguo said, gleeful.
"If you entered more, say twenty, and closed out at four yuan, you'd make six hundred bucks!" someone retorted sarcastically.
"I dare not enter so many," Wang Zhaoguo replied foolishly.
"Coward!" he was mocked again.
Just then, CASI suddenly placed a big order of fifteen hundred hands at 4.20!
Everyone in the room exclaimed:
"Wow, the market maker is impressive!"
"Praise the market maker!"
"Awesome!"
"Too bad I didn't enter more. I only entered twenty hands. You guys, how many did you enter?"
"I didn't enter many either, not even twenty hands. Last time I entered quite a lot and ended up losing money!"
With the recent upward transactions not being too many, most people didn't enter many hands. Some entered only a few, while others entered twenty or thirty.
Zhou Yi's over eighty short positions were already considered a lot, and now he was making over five hundred in profit.
As for Chen Wei, with over three hundred and thirty short positions, he was making over three thousand and three hundred!
Chen Wei was quite excited.
With the big order pressing down to 4.20, he felt relieved.
Moreover, this wasn't just a simple big order, it showed the determination of the market maker to push the market down!
This stock might drop significantly today!
"It looks like four yuan isn't just a dream! Haha!" Wang Zhaoguo shouted excitedly.
His five short positions, if he could close out at four yuan, would make him one hundred and fifty bucks.
For a rookie like Wang Zhaoguo, who hadn't graduated yet, it was already remarkable. He had been trading for three months and had never made over a hundred bucks in profit in a single day.
Just as he was shouting, another big order of fifteen hundred hands appeared at 4.10!
This got everyone even more excited.
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