经典重译之股票大作手回忆录(369)
原文(399):
Their buying was coincident with a flood of bull rumors about the stock.The company,we heard,was making perfectly fabulous profits,and the earnings justified an increase in the regular dividend rate.Also,the short interest was said to be perfectly huge and the squeeze of the century was about to be inflicted on the bear party in general and in particular on a certain operator who was more than over-extended.I couldn't begin to tell you all I heard as they ran the price up ten points.
The manipulation did not seem particularly dangerous to me but when the price touched 149 I decided that it was not wise to let the Street accept as true all the bull statements that were floating around.
Of course,there was nothing that I or any other rank outsider could say that would carry conviction either to the frightened shorts or to those credulous customers of commission houses that trade on hearsay tips.
The most effective retort courteous is that which the tape alone can print.People will believe that when they will not believe an affidavit from any living man,much less one from a chap who is short 30,000 shares.So I used the same tactics that I did at the time of the Stratton corner in corn,when I sold oats to make the traders bearish on corn.Experience and memory again.
其他版本译文(399):
散播了很多跟这只股票相关的利多谣言,说这只股票还会上涨,同时他们也在买进。据说这家公司赚了巨额利润,那些利润足够让他们提高固定利率,而且空头部位好像也很大,这场世纪性的轧空马上开始打击普通空头了,放空特别严重的交易人更会受到特别严重的打击。当他们将股价抬高了10个点的时候,我都说不清听到了多少相关的谣言了。
对我个人来说,这场操控没太大的危险,可在股价到149美元的时候,我就确定,华尔街对所有有关那只股票利多的谣言都信以为真了,传播开来,对我来说并不合适。当然,我或者任何其他外人的话,都不值得那些失措的空头去相信,也不会让交易所那些靠听信内幕消息的无知轻信者相信。效果最好的反击手段,只有股市大盘才能讲得出来,而且只有它才能那样讲。谁都相信股市大盘,而不轻信任何喘气的人所说的话,更不会相信我这个卖了3万股的空头说的话。因此,我用上了在斯特雷登轧空玉米时采取的方式,卖掉燕麦,让交易者们看空玉米,这还是我的经验和记忆在发挥作用。
我的译文(399):
随着他们的买入,开始传言四起,皆是利多该股的消息。我听到的都是无比完美的好消息,比如:该公司正在创造巨额利润,(这说明啥?)说明接下来股息率上调,那就是顺理成章、手拿把掐的事。
(这场忽悠大戏)还有一个完美之处是,据说空头的整体仓位巨大,尤其是某位操盘手的风险敞口尤其过度,(所以这个传言,也顺理成章的给大众带来一种预期),一场百年难遇的逼空行情即将到来。而这些传言出笼的时候,他们已经把股价拉高了十个点。
(起初),我觉得这些猫腻并不会给我带来多大风险,但当价格达到149时,我觉得不能再无动于衷了,任华尔街完全相信这些肆意传播的利多谣言,那对我来说是不明智的。
但我不能这样去制造消息。无论是恐慌的空头,还是券商营业部里那些靠小道消息炒股的散户,尽管他们容易上当,但如果他们知道消息来源是我或其他不讨人喜欢的外部人士,他们是不会信的,现实中,一个人(在法庭上)的宣誓,他们都可能不信,更何况消息来自一个自己放空了30000股的家伙。
最有效又文雅的反驳,只能是行情纸带上能打印出来的。他们会相信纸带上的(白纸黑字的)。
所以我老调重弹。(还记得吗?)当初Stratton垄断玉米时,我就采用了这个策略:当时我是通过做空燕麦市场来引导交易者看空玉米市场。(译者注:三十六计之声东击西、围魏救赵,或者是另一个故事:明修栈道、暗度陈仓。)
(看到了吗?)经验与记性再次发挥了作用。
引用依据:
1. Edwin Lefèvre: Reminiscences of a Stock Operator
2. 《股票大作手回忆录》([美] 埃德温·勒菲弗 著,汤前燕 译)
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