《股票作手回忆录·第九章·1907大恐慌·做空封神》第9节
The moment I got the report of the sale of the last of my long stock I started to do what I had really come ashore to do--that is, to sell stocks. I simply had to. There was the market after its outrageous rally, begging to be sold. Why, people were beginning to talk bullish again. The course of the market, however, told me that the rally had run its course. It was safe to sell them. It did not require reflection. The next day Anaconda opened below 296. Oliver Black, who was waiting for a further rally, had come down early to be Johnny-on-the-spot when the stock crossed 320. I don’t know how much of it he was long of or whether he was long of it all. But he didn’t laugh when he saw the opening prices, nor later in the day when the stock broke still more and the report came back to us in Palm Beach that there was no market for it at all. Of course that was all the confirmation any man needed. My growing paper profit kept reminding me that I was right, hour by hour. Naturally I sold some more stocks. Everything! It was a bear market. They were all going down. The next day was Friday, Washington’s Birthday. I couldn’t stay in Florida and fish because I had put out a very fair short line, for me. I was needed in New York. Who needed me? I did! Palm Beach was too far, too remote. Too much valuable time was lost telegraphing back and forth.
注释摘要
这段文字将我们带回1907年大恐慌的前夜。主角刚刚干净利落地处理掉他在安纳康达上的冒险多头仓位，立刻回归到他出海前就认定的核心判断：这是一个熊市，市场应该被做空。请注意，这发生在棕榈滩的经纪商分部里，当时的交易完全依赖行情纸带机和电报。所谓纸带机，是一条窄长的纸带，上面打印着股票代码与最新成交价，它滴滴答答地吐出来，速度时快时慢。市场活跃时，纸带会严重滞后…