ROBERT GORDON'S GREAT CAMPAIGN IN MAJOR MOTORS
罗伯特的Major Motors股票大战役
On Sunday, June 19, 1927, Robert Gordon spent the day studying his charts and working out his cycles for stocks, cotton and grain. He was short of Major Motors and was watching it very closely.
1927年6月19日，星期天罗伯特花费了一天时间研究图表，钻研股票、棉花和小麦的周期。他现在持有Major Motors股票的空头头寸，因此十分关注。
On this day he made a new and great discovery of a  factor from which he figured that Major Motors would decline until about June 30th and then start an advance which would last until about September 16th, 1927, when the Company would be 19 years old and at that the stock would reach final high and would then go down to February to April, 1929.
这天，当他在描绘Major Motors股票的图表时，他做出了一个伟大的发现，发现一个时间因子，直至6月30，Major Motors股票将会一直下跌，然后，到1927年9月16日将会持续上涨，此时该公司将成立19周年，其股票价格将会达到最高峰，然后一直下跌到1929年2月至4月。
He figured that the stock should advance to around 270 by September 16th and made up his mind to watch it closely and cover his shorts if it went down around June 30th, and then start buying the stock.
他估计这只股票在9月16日将会创下270的高价位。因此，他决定如果在6月30日左右价格下跌，就空头回补，然后买进建立多头仓位。
On June 30th it declined and he bought in his short contracts and bought for long account 500 shares of Major Motors at 192½. He decided to pyramid it all the way up.
在6月30日这天，价格下跌，他空头补进，然后在192 1/2的价位买进500股。他决定当价格上涨过程中采用金字塔形式买进。
On July 15th he bought 500 shares at 204; on July 21st he bought 300 at 214 and on July 26th bought 300 more at 224. On August 5th the stock advanced to 230 and he raised his stop on 1600 shares to 225.
7月15日他在204买进了500股；7月21日在214买进了300股；7月26日在224买进了300股。8月5日价格涨到230，他将1600股股票的停损点提高到了225。
On August 8th his stock was sold out at 225. He still believed that the stock would go up to around 270 by September 16th but he expected a reaction of about 12 to 15 points so he decided to wait for a few days and watch his charts to see how the stock acted.
8月8日在225卖出了他持有的1600股。他仍然认为股价在9月16日前将会上涨到270附近，但是他预期有一个12到15点的回调。所以他决定等几天，观察他的图表、看看股价的走势。
On August 12th Major Motors declined to 218, being down a little over 12 points as he figured, and he bought 1000 shares at 218. He placed a stop at 212, a point which he figured it would not decline to.
到了8月12日，股价下跌到218，正如他估计的，跌幅超过12点。这时他在218买进了1000股，并且在212设置了止蚀点，他估计这个价位是到不了的。
The advance started, and on August 20th he bought 300 shares at 228; on August 24th bought 300 shares more at 238 and on August 26th bought 300 shares more at 248.
随后开始了上涨。8月20，228价位买进300股；8月24日在238价位又买进300股；8月26日在248价位又买进300股。
When he started pyramiding, his plan was to buy or sell the largest amount first and then gradually decrease buying and selling smaller amounts on the way up or down, and always using a stop loss order.
他采取的金字塔方法是，首先买进或卖出一大笔，然后随着价格的上涨或下降，逐渐减少交易数量，也就是买进或卖出少量的股票，同时也使用止蚀点。
On September 7th the stock advanced to 253 and he raised his stop on his entire amount to 243.
9月7日那一天，价格涨至253，他将其整个仓位的停损点提高到243。
This stop was never reached but on September 14th a rapid advance was on and he bought 300 shares more at 258, giving him a line of 2200 shares of stock.
9月14日价格突然上涨，他又在258买进了300股。这样他就整个持有2200股。
He figured that it should advance on September 16th to around 270. When the market advanced to 272 at this time he sold out his 2200 shares at 272.
他估计大约到9月16日，价格会上涨至272左右。当价格涨至272时，他将2200股在272全部出售。
He cleaned up a profit on this deal of over $80,000.00, and as he figured that the stock would make final top around this time he decided to put out a line of short stock and pyramid all the way down, remaining short for the long pull.
罗伯特将他在这次交易中的利润统计出来，共计80000美元。他估计在最近股票将要达到最后的顶部，他决定做空头，并且随着价格下降，以金字塔形式加大空头量，长期持有空头头寸。
On September 17th he sold 500 shares of the new Major Motors stock at 138 and 500 shares at 137 and placed a stop on it at 147.
9月17日，他在138的价位卖掉了500股【除权后】new Major Motors，在137的价位卖空500股，并且在147的价位设置了止蚀点。
[ 本帖最后由 xingjw 于 2014-4-5 18:06 编辑 ] |
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发表于 2014-4-5 17:40:32
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