The weekend was uneventful.
On Monday morning, the employees of the institution rushed to the company early for work.
Monday was a very important day for financial institutions because the stock market would start on this day. Although the stock market hadn't opened yet, the market would constantly accumulate and change. Therefore, compared to Friday, the stock price on Monday would change more dramatically.
Therefore, generally, before the stock market officially opened, the institution would call a meeting with the employees to arrange the next action plan and the handling policy.
"Today is Monday. The stock market can withstand more fluctuations, so we can take the opportunity to buy more network technology concept stocks!" The general manager said to all the operators below, "The task for each of you has been directly issued to your workstation. Remember, you only have one task, and that is to buy as many stocks as possible without affecting the stability of the market as possible. "
"General manager, do we prioritize stability or quantity first?" An operator raised his hand and asked.
"Stability first!" The general manager replied without hesitation, "The market is still very calm now. There shouldn't be any changes in a short period of time. This is good news for us, so we must maintain the stability of the stock market."
"What if we can't complete today's task in order to maintain stability?" Another operator asked. Then, the others pricked up their ears.
This was actually the most important problem. There was no such thing as stability and quantity in the world. One of the two had to be abandoned, so there was bound to be a situation where the task could not be completed.
"That's your problem, not mine!" Unexpectedly, the general manager waved his hand and said, "The task targets we gave you are very consistent with the market situation. If you can't even complete such targets, you should get out of here as soon as possible. Wall Street doesn't need such trash!"
"Yes!" The operators responded weakly. The leaders in this world were such bastards. They couldn't do anything about it.
Therefore, although the general manager said stability first, these operators originally put the task first. In any case, they had to complete today's task!
"Sell more as soon as the market opens!" Many experienced operators said in their hearts.
Selling stocks as soon as the market opened was indeed an experience.
First of all, many individual investors couldn't stare at the computer all the time to buy stocks, so they would usually set a buying price before the market opened, or put up an order automatically. Once the price was reached, the system would automatically buy. This was very convenient.
Especially on Monday, there would be a lot of automatic orders. He had to hurry up and accept these orders so that he could clear out the tasks in his hands.
In addition, because the market would fluctuate greatly when the market opened, these were all normal phenomena. Even if it went up or down by 10%, it was still within the reasonable range. Therefore, selling more at this time would not cause panic in the market.
These were indeed very experienced words. Those who did not have a certain amount of work experience would not know this at all.
But the problem was that there weren't many newcomers on Wall Street. Most of the people in the institutions were experienced veterans. When all the veterans thought that Monday morning was a good time, a storm was bound to form.
That morning, 16 billion USD of Microsoft's empty orders were listed on the stock market the moment the market opened. Even after all the automatic trading orders were sold, they could not sell all the shares.
Naturally, Microsoft's share prices started to plunge. Microsoft's share prices fell by 2% in one go.
But the experienced traders were still calm. They had only held back their empty orders temporarily. This way, as long as 16 billion USD of empty orders are sold, Microsoft's share prices will remain stable.
Also, based on their experience, many international funds are pouring into the United States' stock market. Within 20 minutes, this 16 billion USD worth of shares will be sold.
But coincidentally, the Atlantic Ocean cable connecting the United States to Europe malfunctioned, and the network was disconnected.
In this era, the cable technology buried under the sea is not stable, and all sorts of problems will occur. Disconnection is common.
But once the network is disconnected, it will take a few days to repair.
As mentioned earlier, Wall Street is hoping the United States' individual investors and the rest of the world will help them fill in the holes.
Now, the United States and Europe's networks are down, and the European financial groups, institutions, and individual investors cannot use the internet to check and buy Nasdaq's shares.
Even if they can still buy Nasdaq's shares over the phone, no one will do it if they are not in a hurry.
Because of this, Microsoft's shares, which were supposed to be sold within an hour, are still not sold. 16 billion USD, 10 billion USD left!
At this time, Wall Street institutions should have taken back their empty orders to stabilize the market. But some smart individual investors suddenly felt a crisis. Is this the end of Microsoft?
Although most of the individual investors are naive, there are some smart individuals among them. They know the market's trends and what institutions and individual investors are thinking.
Therefore, these people could take advantage of the difference in information between institutions and individual investors, as well as the difference in rules of conduct to make profits.
For example, when they notice institutions are going to take back the individual investors, they will retreat and take back the individual investors.
Another example is when institutions are interested in certain shares and want to short or long the shares. These people will follow the institutions and reap the profits.
Because it was an individual stock market, these smart people would gain more benefits than if they were in an organization. Therefore, they were more willing to act alone.
These smart individuals will do everything they can to protect their profits. When they sense the crisis, their first reaction is to sell all their Microsoft shares or technology concept shares.
Most of them had entered the market at 200 to 300 billion USD, and they will not make any losses if they sell their shares at 600 billion USD.
Some of the individual investors even offered 120 USD per share in order to sell faster. This price was 8 USD lower than the current price of 128 USD per share.
These individual investors had sold their shares at a low price, but Microsoft's share prices had fallen by 8 USD, which is about 6%. This drop had touched many people's nerves.
Suddenly, more and more smart individuals start to sell their shares. The selling price is getting lower and lower, and soon, it is 115 USD per share.
Suddenly, Microsoft's share prices stopped falling.
You've already exceeded your reading limit for today. If you want to read more, please log in.
Login
Select text and click 'Report' to let us know about any bad translation.
