READ WEBNOVEL Forty-one Bear Stearns crisis makes 2 people happy
Got home at 7pm and had dinner.
Wang Guanxi opened the stock chart of Caijing Toys.
Today is Monday and the stock market closed early.
Its share price fell from HK$0.70 to HK$0.65 per share, and its market value shrank from HK$840 million to HK$780 million.
Be sure to wait for it to fall below HK$0.60 per share to hunt for the bottom
Not yet!
He must wait until the share price of Caijing Toys falls below 0.60 yuan, and then enter the market to hunt for the bottom. If it does not fall below 0.60 yuan, he will not enter the market.
You have to hold back, don't rush.
Then he looked at the world current affairs news, the subprime mortgage crisis was intensifying.
On March 13, the content of an internal Goldman Sachs e-mail came out that investors and hedge funds were pulling their investments out of Bear Stearns like a flash flood. At this time, Bear Stearns CEO Alan Schwartz hurried back to the New York headquarters and gave an interview to CNBC, insisting that there is no pressure on liquidity, let alone a liquidity crisis.
On March 14, Schwartz returned to New York to convene a high-level meeting and had to face up to the loss of liquidity. In desperation, Schwartz contacted **** CEO Jamie Dimon that night.
On March 15, Bear Stearns was run wild.
On March 16, Bear Stearns' shares had fallen to $2.84 per share.
On March 17, Morgan Bank announced the acquisition of Bear Stearns at a price of $2 per share and a total price of $236 million. The shareholders of Stearns were unanimously opposed and could not agree, and Bear Stearns would go bankrupt.
Alas, Bear Stearns is over
Founded in 1923, Bear Stearns is the fifth largest investment bank on Wall Street. It is a world-leading financial services company, providing high-quality services to governments, enterprises, institutions and individuals. It has created a record of 83 consecutive years of profit!
Bear Stearns invested too much in the mortgage debt and derivatives market. As an underwriter in the US bond market and an issuer of derivatives, when the subprime mortgage crisis broke out, US real estate was severely hit, and Bear Stearns was severely hit. The losses caused by the loss, customers have withdrawn their funds one after another, just the day before yesterday, hedge funds pulled out 17 billion US dollars in cash, which made Bear Stearns into a liquidity crisis, the stock price fell into a dog, the bonds defaulted, and many customers around the world also lost heavily.
Wang Guanxi recalled the various events that occurred in the subprime mortgage crisis, as well as the major events in the future, and planned the blueprint for making a fortune in his mind.
In the future, he will use Hong Kong as a springboard to establish his own invisible consortium around the world. One day, he will become the top power figure behind the scenes in the world, just like Rockefeller, the Morgan family, what Bill Gates, Warren Buffett, Forbes list. When it comes to the super-rich, they are all characters on the stage before, and the real behind-the-scenes bosses in the world are the real brute force.
On September 14, when the financial crisis swept the world, he would short the Hang Seng Index and dig his first pot of gold, at least several billions.
There's still half a year left, work hard to make money, and find a way to raise funds. It's better to have more than 100 million Hong Kong dollars.
Wang Guanxi entered dreamland with anticipation.
Unlike Wang Guanxi, at this moment in Hong Kong, Wing Hang Securities is still brightly lit, and they are trading US stocks.
Because of the Bear Stearns incident, Wing Hang Securities has suffered huge losses recently. Mortgage mortgage bonds defaulted. Bear Stearns' stocks plummeted. As a result, the company's investment could not be recovered, and the company's cash flow was also in trouble. In addition, many customers wanted to redeem their investment products because of the subprime mortgage crisis, and their company also fell into a temporary liquidity crisis, because many investments It is a long-term investment that cannot be recovered in a short period of time.
securities sector,
Feng Shaokun's face was full of worry. This time, he was in charge of the investment in the United States, protecting Bear Stearns' series of mortgage-backed bond investments. This time, he was finished, putting Yongheng Securities in crisis, and was scolded by the elders at home. Dayton, let him sell Bear Stearns stock quickly, but he doesn't plan to sell Bear Stearns stock, so much loss, does it make sense to sell it? Only bet Bear Stearns was rescued.
Manager, several major customers have requested to redeem the product, and the liquidity of our securities company is not enough to pay
Should we sell some assets? asked an investment executive named Liu Yongfeng.
Feng Shaokun was entangled and contradicted.
After thinking about it, he said: Sell the stocks of Hong Kong-listed companies we hold.
Liu Yongfeng asked, Manager, do you also throw away Caijing toys?
Feng Shaokun looked at the stock of Caijing Toys, Don't sell it for now, keep it.
Then he continued: The stocks of other companies are thrown away
Start selling tomorrow to top up the company's cash flow.
Liu Yongfeng nodded: Yes, manager
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On Tuesday, March 18, the Hong Kong stock market opened.
The Hang Seng Index fell 300 points.
Asian stock markets also fell collectively today.
The stock of Caijing Player Company also fell sharply from 0.70 yuan per share to 0.60 yuan per share.
Wang Guanxi was very happy to see that the share price of Caijing Toys finally fell below 0.6 yuan per share.
Opening tomorrow, you can try to bargain!
He clearly remembers that its stock price will rush to more than 1.5 yuan per share before the end of this month!
Then he returned home happily and continued to make up his homework with Shu Jinghan.
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As for Yongheng Securities Company, Feng Shaokun looked at the share price of Caijing Toys, which also fell by 14% today. His face was a little gloomy, and he regretted not selling the stock today.
Liu Yongfeng asked carefully: Manager, the stock of Caijing Toys fell by 14% today, do we still hold it?
Feng Shaokun thought for a while: Sell off a branch.
OK, manager
The next day, March 19, Wednesday.
Wing Hang Securities began to sell its shares in Caijing Toys, causing Caijing's share price to fall.
It soon fell to 0.50 yuan per share, and the stock price fell 16%.
It's only been 20 minutes, and the stock price has dropped so much that it can't stand the sell-off.
At St. Paul's School, Wang Guanxi watched this scene, and his heart was overjoyed, and he immediately began to buy shares of Caijing Toys.
500,000 shares!
500,000 shares!
･･･
I bought 8 million shares in the morning session and 2 million shares in the afternoon session, taking over many shares sold by Wing Hang Securities.
Today, the share price of Caijing Toys first fell to 0.40 yuan per share, but was pulled up by Wang Guanxi and rose to 0.60 yuan per share.
He bought a total of 10 million shares, with an average position of 0.50 yuan per share, worth 5 million Hong Kong dollars.
Because Wang Guanxi is a customer of Yongheng Securities Company, Feng Shaokun also knew that Wang Guanxi bought the shares of Caijing Toys, and that Wang Guanxi was a high-ranking pick-up man, which made him very happy, so he called Wang Guanxi specifically.
Wang Guanxi learned that Feng Shaokun sold so many stocks at the lowest level and bought so many stocks at the bottom. Feng Shaokun was a god assist, and Wang Guanxi was also very happy.