บท 25: Chapter 025: Furious Zhao Yang
Wang Dongcheng also entered at 3.76, with over eighty contracts.
He's already floating a loss of several thousand bucks.
Chen Wei glanced over at Wang Dongcheng's direction, astonished to find that he hadn't arrived yet.
Although the U.S. stock market opens at 9:30, pre-market trading starts at 7:30.
For stocks like casi, with significant pre-market news, trading volume is already active.
Chen Wei couldn't understand what Wang Dongcheng was thinking, leaving overnight positions and arriving so late!
If he were here now, he could have taken advantage of the price fluctuation to minimize his losses. It would have been only a couple thousand bucks, which would have been manageable.
But if the stock were to dip further, it could easily result in losses of tens of thousands!
"That kid Wang Dongcheng is remarkably composed. He left overnight positions and still came this late. Let's see his expression when he arrives!"
Zheng Junpeng said with a sneer.
Wang Dongcheng's popularity in the company wasn't any better than Chen Wei's, so Zheng Junpeng didn't show any sympathy.
"Serves him right! Yesterday, Xu Liang asked him to sell, and he even got mad at Xu Liang. He's really losing big time! This one trade alone, he's lost over ten grand!"
Zhou Yi also chimed in, reveling in the situation.
Chen Wei sighed inwardly.
Experience lost...
However, Chen Wei suddenly thought of something. Wang Dongcheng lost money, could that be considered a direct change in past events?
Making money counts, but losing money should count too, right?
The thought flashed and disappeared quickly. Chen Wei didn't dwell on it. Whether it counted or not, he would find out after today's trading.
"The bulls from yesterday probably had a tough time too. The bears might have gotten away with it. They might even make quite a bit."
Zhou Yi added.
"It's hard to say. At the end of yesterday's session, trading volume for this stock was quite high. The bears might have already covered some positions, and the bull market makers might have sold some too. It's unlikely that both sides left their positions overnight."
Zheng Junpeng shook his head, offering a different perspective.
Zhou Yi rolled his eyes and didn't argue further with Zheng Junpeng.
"We shouldn't care about others' gains or losses. Let's focus on ourselves."
Chen Wei said.
"That's true. Hey, Lao Chen, do you think this stock will take a big dive today? Should we find an opportunity to short it?"
Zheng Junpeng asked again.
Zhou Yi looked at Chen Wei too.
"It's hard to say. We don't know how much substance there is to this bearish news. All we know is that there's a problem with the drug's development, but we don't know the extent of the problem or how long the delay will be. If it's delayed for half a year, it will definitely affect performance. But if it's only delayed for ten days or two weeks? Also, during the final minutes of trading yesterday, trading volume for this stock was quite high. The bears might have already covered some positions, and the bull market makers might have sold some too. It's unlikely that both sides left their positions overnight. Anyway, it's hard to predict now. Let's wait until after the market opens and see how it goes."
Chen Wei analyzed.
The stock was fluctuating wildly, trading at $3 one second and $3.4 the next, then back to $3.2.
It was dizzying.
Chen Wei didn't see the point in gambling on such volatility.
Of course, if the stock showed a clear downward trend after the opening, it would still be an opportunity to short.
"That's right, we shouldn't take unnecessary risks."
Zheng Junpeng thought for a moment and nodded.
At almost nine o'clock, Wang Dongcheng arrived.
As soon as he entered, someone sarcastically said, "Hey, quite early! Hurry up and check the software. Casi is really playing you, opened high!"
"Indeed, it opened high, almost a dollar! Wang Dongcheng, this is your trade! Unfortunately, Chen Ge already sold yesterday. Oh, look at how Chen Ge is sighing over there."
Hearing this, Chen Wei felt speechless.
Zheng Junpeng couldn't help but burst into laughter, and Zhou Yi also laughed heartily.
Wang Dongcheng sat down expressionlessly, turned on his computer, but his heart was already racing.
Others were still making fun, saying how capable Wang Dongcheng was compared to Chen Ge.
Wang Dongcheng, with a gloomy face, argued, "This stock was about to open high if there was no news. It's because there's news now!"
Hearing this, Chen Wei and the others were speechless!
How could he be so stubborn? He's refusing to admit his mistake even after losing money!
Zheng Junpeng added fuel to the fire with a sarcastic remark.
Wang Dongcheng didn't say a word in response.
Zhao Yang was even more furious!
"Isn't that obvious? Of course, it would have opened high if there were no news! The problem is, there is news! The reason I told you not to leave overnight positions is that we couldn't predict whether there would be news! If you leave overnight positions ten times, maybe nine times, you'll be right and make money. But as long as you encounter such a situation once, you won't be able to afford the loss even if you make money nine times! Look at how much you've lost! Over four thousand! How much have you earned this month? Is it enough to cover the loss? If you had listened to me yesterday and sold at $4.78, you wouldn't have lost this much. Instead, you would have made seven or eight grand! You can't see this? And you're still arguing with me!"
Zhao Yang scolded Wang Dongcheng furiously, who remained silent, seething with anger.
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