《股票作手回忆录·第六章·旧金山地震·做空联合太平洋》第8节
There I was, short five thousand shares of UP. on a hunch. That was as much as I could sell in Harding’s office with the margin I had up. It was too much stock for me to be short of, on a vacation; so I gave up the vacation and returned to New York that very night. There was no telling what might happen and I thought I’d better be Johnny-on-the-spot. There I could move quickly if I had to. The next day we got the news of the San Francisco earthquake. It was an awful disaster. But the market opened down only a couple of points. The bull forces were at work, and the public never is independently responsive to news. You see that all the time. If there is a solid bull foundation, for instance, whether or not what the papers call bull manipulation is going on the same time, certain news items fail to have the effect they would have if the Street was bearish. It is all in the state of sentiment at the time. In this case the Street did not appraise the extent of the catastrophe because it didn’t wish to. Before the day was over prices came back.
注释摘要
你面前这段文字的重量，不仅仅在五万股的做空，更在于一个人面对直觉、仓位和市场三者角力的真实心理。利弗莫尔这时已经离开对赌行，重回正经经纪商哈丁兄弟，用的不再是那种一个点波动的对赌保证金，而是实实在在的纽交所买卖。他此刻的所谓“保证金”，是指存在哈丁兄弟账户里的用作担保的资金，这些钱支撑着他开出去的每一笔空单。在1900年代的美国股市，经纪人给你一个杠杆，你…