《股票作手回忆录·第九章·1907大恐慌·做空封神》第4节

回忆录 · 第5章 · 第4节

Just then the tape was saying that the buying was stronger than the selling, and therefore the general rally might easily go a bit further. It would be prudent to wait before going short. Still I might as well pay myself wages for waiting. This would be accomplished by taking a quick thirty points out of Anaconda. Bearish on the entire market and bullish on that one stock! So I bought thirty-two thousand shares of Anaconda--that is, eight thousand full shares. It was a nice little flyer but I was sure of my premises and I figured that the profit would help to swell the margin available for bear operations later on. On the next day the telegraph wires were down on account of a storm up North or something of the sort. I was in Harding’s office waiting for news. The crowd was chewing the rag and wondering all sorts of things, as stock traders will when they can’t trade. Then we got a quotation--the only one that day: Anaconda, 292. There was a chap with me, a broker I had met in New York. He knew I was long eight thousand full shares and I suspect that he had some of his own, for when we got that one quotation he certainly had a fit. He couldn’t tell whether the stock at that very moment had gone off another ten points or not. The way Anaconda had gone up it wouldn’t have been anything unusual for it to break twenty points. But I said to him, “Don’t you worry, John. It will be all right to-morrow.” That was really the way I felt. But he looked at me and shook his head. He knew better. He was that kind. So I laughed, and I waited in the office in case some quotation trickled through. But no, sir. That one was all we got: Anaconda, 292. It meant a paper loss to me of nearly one hundred thousand dollars. I had wanted quick action. Well, I was getting it.

注释摘要

这段文字在整章中其实是一个很微妙的插曲。利文斯顿明明已经从大环境判断出这是个熊市,报纸上那波十个点以上的大反弹让他立刻意识到,市场已经脱离经济基本面在非理性上涨,他上岸的本意就是要来做空的。可偏偏在他准备动手之前,行情纸带告诉他,此刻买方力量比卖方强,反弹可能还会再延续一小段。他觉得干等着也是等着,不如顺手从阿纳康达这只股票身上快速捞一把,用他自己的话说,…