The weekend was safe.
On Monday morning, the employees of the organization arrived at the company early.
Monday is a very important day for financial institutions, because at the beginning of this day, although the stock market has not opened, the market will keep accumulating changes, so the stock price on Monday will change more violently than on Friday.
Therefore, before the official opening of the stock market, the organization will convene employees to meet and arrange the next action plan and handling policy.
"Today is Monday. The stock market can withstand more huge fluctuations, so we can take the opportunity to buy more stocks of network technology concept stocks!" the general manager said to all the operators below "The tasks of each of you have been directly released to your station. Remember, there is only one task for you, that is, to get rid of our stocks as much as possible without affecting the stability of the market."
"General manager, is it stability first, or walking first as far as possible?" an operator raised his hand and asked.
"Stability first!" the general manager replied without thinking, "now the market is still very calm, and there should be no change in a short 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, and then everyone else pricked up their ears.
In fact, this is the most important problem. There is no good thing in the world that needs both stability and quantity. It is necessary to give up one of the two, so it is bound to be unable to complete the task.
"It's your business, not mine!" unexpectedly, the general managers shook hands and said, "the task indicators we gave you B are very in line with the market situation. If you don't even complete such task indicators, you can get out as soon as possible. Wall Street doesn't need such waste!"
"Yes!" the operators answered weakly. The leaders in the world are such a bastard, and they can't help it.
Therefore, although the general manager said that stability is the first, these operations still put the task first. At least we should complete today's task!
"Seize the time to sell more as soon as you open!" many experienced operators said in their hearts.
It is indeed a matter of experience to seize the time to sell stocks at the opening.
First of all, many retail investors can't stare at the computer to buy stocks all the time, so they usually set a purchase price before the opening, or hang up the order automatically. Once the price arrives, the system will buy automatically, which is very convenient.
Especially when the market opens on Monday, there are many such automatic orders. Seize the time to pick up these orders and clean up the tasks in your hand.
In addition, the market changes and fluctuations will be great at the opening. These are normal phenomena. Even a 10% rise or fall is a reasonable range. Therefore, selling more at this time will not cause panic in the market.
These are indeed very old experience, not traders with certain work experience, who don't know at all.
But the problem is, in fact, there are not many new people on Wall Street. Now most of the institutions are experienced old people. When all the old people think Monday morning is a good time, a storm is bound to form.
In this morning, Microsoft's empty single stock of US $16 billion was immediately hung on the stock market at the opening of trading. It absorbed all the automatic trading hanging orders at one breath and could not sell them all.
Naturally, Microsoft's share price began to fall, and it fell a lot. It fell by 2% in one breath.
However, experienced traders are still very calm. They just temporarily close the empty orders in their hands without increasing. In this way, as long as the $16 billion hanging orders are bought, Microsoft's share price can still remain stable.
Moreover, according to their experience, now a lot of international funds are pouring into the American stock market. In no more than 20 minutes, the $16 billion stock will be eaten up.
But the so-called thing happened by coincidence. At this time, the submarine cable in charge of the Atlantic Ocean connecting the United States to Europe failed and the network was disconnected.
In this era, the network cable technology buried on the seabed is not stable enough, and various problems often occur. Network disconnection is also a common thing.
However, once the network is broken, it often takes several days to repair.
As I said before, now Wall Street mainly hopes that American retail investors and hot money from all over the world will help them fill the pit so that they can escape.
Now, with the network failure in the United States and Europe, consortia and institutions in Europe, as well as various retail investors, cannot query and buy the NASDAQ index through the network.
Even if you can buy by phone, no one would be so urgent if you weren't really in a hurry.
This has led to the fact that stocks that originally thought they could be short sold in an hour have hung up for a whole morning and haven't been short sold yet, $16 billion, leaving $10 billion!
Originally, at this time, various institutions on Wall Street took back their empty orders and stabilized the market again. However, some smart retail investors suddenly felt the crisis. Is the end of Microsoft coming?
Although most retail investors are naive, there are also smart people in retail investors. They know the general trend of the market very well and understand the thoughts of institutions and retail investors better.
So these people can make use of the information gap between institutions and retail investors, as well as the differences in rules of conduct to make profits.
For example, when they find that institutions want to harvest retail investors, they retreat in advance and harvest retail investors in advance.
For another example, when institutions show obvious interest in which stocks and want to be long or short, they follow the institutions to eat meat.
Because it is individual stock speculation and operation, these smart people get more benefits than in institutions, so they are more willing to act alone.
These smart people will always try their best to keep their earnings. After they feel the crisis, their first reaction is to immediately sell all Microsoft stocks or all technology concept stocks.
Anyway, they basically entered the site at the time of $200 billion or $300 billion, and sold it at the high level of $600 billion. They won't lose money. Anyway, they can't lose money.
In order to make themselves run faster, some retail investors even hung out a price of $120 a share, which is $8 lower than the current share price of $128.
These retail investors with low prices did run away, but the share price of Microsoft as a whole fell by $8, or about 6%. This decline has touched the sensitive nerves of many people.
For a while, more and more smart people began to sell their shares, and the selling price was getting lower and lower, and soon it was as low as $115 A share.
Then it snapped and Microsoft's share price blew.