Rebirth of the Financial Crisis Sweeping the World

The next day, Monday, June 16.

The stock market opens.

The share price of BYD Electronics Group was also sold by major shareholder HSBC International Trust and Zhong Hewu, the controller of Golden Dragon Fund.

The stock price has fallen from the 6.00 position.

Falling fast.

HSBC International Trust and Golden Dragon Fund sold a lot at one time, and the buying orders in the market simply couldn't keep up.

Soon the stock price fell to the 5.00 position.

Wang Guanxi was overjoyed.

Because there is a floating profit of 56 million Hong Kong dollars in the account.

"The stock price of BYD Electronics also fell to 5.00 last time, and then the US Fidelity Investment Group took the opportunity to increase its holdings of stocks. This time it fell back to the 5.00 position. hold?"

At this time, the stock price rose, quickly rose by 0.5 yuan, and rushed to the 5.50 position.

Those retail investors who like to buy bottoms, small institutions that believe that the US Fidelity Investment Group will increase their holdings at a low level, large retail investors, or short-term traders are all entering the market, causing the stock price to rise.

Wang Guanxi wondered whether to close the position here, after all, there was so much money floating in the account.

But after thinking about it, he still didn't close his position.

continue waiting.

The stock price quickly fell to the 5.01 position, and a few minutes later, the stock price fell below the 5.00 position.

Obviously, the Fidelity Investment Group of the United States did not make a move.

After 20 minutes, the stock price fell to the 4.3 position.

Wang Guanxi felt that he was about to close his position.

In case the Fidelity Investment Group of the United States increases its holdings again, the stock price will be pulled up again, and his profits will be lost a lot.

"I will close the position when the stock price falls to 4.00!"

Wang Guanxi stared at the stock price chart wholeheartedly, never relaxing for a moment.

In case Fidelity Investment Group suddenly buys in a large amount, the stock price will definitely skyrocket, and he will lose a lot of profits, so he has to close the short position of 14 million shares before Fidelity Investment Group increases its holdings.

··

At this moment, Si Xiuliang, the Hong Kong branch of the US Fidelity Investment Group, ordered: "When the stock price falls to 3.00, use 300 million funds to increase my holdings."

They are doing long-term investment, value investment.

For them, the lower the stock price, the better, so that he can buy more stocks at a lower position and spend less money.

They increased their holdings at 10.00 before, and they could only buy 10 million shares at a cost of 100 million Hong Kong dollars.

At the 5.00 position, I increased my holdings again, and the cost of 100 million Hong Kong dollars can only buy 20 million shares.

In retrospect, the position of holding stocks is still too high.

He thinks that the position of 3.00 is a good opportunity to increase his holdings, and he can buy 20 million shares at a cost of 60 million Hong Kong dollars.

Of course, this is just a mathematical calculation. In practice, when they buy, the stock price will rise and the cost will increase.

Let the bears toss and let HSBC International Trust sell.

"Yes, President." The traders were also very excited.

··

As for HSBC International Trust Company, Jiang Quangang said one after another: "Reduce selling and let the stock price continue to fall slowly."

Now that the stock price has fallen to 4.00, Jiang Quangang feels that it is too low, and there is not much money to sell stocks to cash out here.

Selling 1 million shares at 4.00 means cashing out 4 million Hong Kong dollars, but selling 1 million shares at 8.00 means cashing out 8 million.

He wants to wait for the US Fidelity Investment Group to pull up the stock price, and then continue to cash out at a high level.

"Yes, Mr. Jiang"

Then the stock price fell to the 4.00 position,

And Wang Guanxi immediately began to close the position.

Shorting 14 million shares is equivalent to buying 14 million shares in the market when closing the position.

500,000 shares!

500,000 shares!

500,000 shares!

····

As for HSBC International, Golden Dragon Fund is still slowly selling off, but the stock price is too low, and the number of stocks they cash out at one time is not many.

However, due to the frantic liquidation of the short-seller Wang Guanxi, the market was flooded with a large number of buying orders, causing the stock price to turn around and rise.

It quickly rushed from the 4.00 position to the 6.00 position.

14 million short positions were closed, and the average closing price was around 4.98, making a profit of 4.02 yuan per share, and a total of 56.28 million Hong Kong dollars.

After deducting the handling fee and interest, Wang Guanxi earned 56.1 million Hong Kong dollars this time, and transferred 100,000 Hong Kong dollars to his bank account.

The net account value of Fund No. 1 is as high as HK$186 million.

The 14 million shares of BYD Electronics Group borrowed from Wing Lung Securities, Ping An Fund, and Guoco Financial Group have been returned to them.

Now the three financial institutions have lost a lot again.

HSBC International and Golden Dragon Fund saw that the stock price rose to 6.00, thinking that Fidelity Investment Group made a move, so they increased their selling!

1 million shares!

1 million shares!

1 million shares!

···

The stock price suddenly turned around and plummeted!

There was not so much buying in the market, causing the stock price to plummet!

When the market closed in the morning, it plummeted to the 3.00 position!

HSBC International Trust, Jiang Quangang: "Stop selling in the afternoon"

He didn't expect the stock price to fall so fast, and it fell to 3.00. He sold 1 million shares and could only cash out 3 million Hong Kong dollars. He didn't think it was worth it.

Zhong Hewu, Golden Dragon Fund: "It's too low. I'll sell it when it rises back."

He still holds a lot of shares in BYD Electronics. The stock price has fallen so much, his net worth has also shrunk a lot, and he has very little cash out.

US Fidelity Investment Group, Hong Kong Branch, Si Xiuliang watched BYD Electronics' share price fall to 3.00, his eyes lit up.

"Afternoon trading, let's start increasing holdings"

"300 million funds enter the market!"

"Yes, President" Everyone waited all morning, and finally the stock price fell to 3.00.

Soon afternoon, open.

Fidelity Investment Group of the United States began to increase its holdings of BYD Electronics Group's stock at the 3.00 position.

Several traders kept buying.

The stock price started to rise from the 3.00 position.

Because HSBC International Trust and Golden Dragon Fund have stopped selling, the selling orders in the market have decreased.

The stock price quickly rose to the 4.00 position.

Seeing this scene, Wang Guanxi was very excited.

He knew that Fidelity Investment Group of the United States had increased its holdings.

"Continue to increase holdings and pull up the stock price!"

"When the stock price reaches 6.00, I will short again!"

Wang Guanxi intends to continue shorting the shares of BYD Electronics Group!

The American Fidelity Investment Group increases its holdings separately, and every time it increases its holdings, the stock price will rise sharply, and Wang Guanxi can take the opportunity to short it at a high level.

Thinking of this, Wang Guanxi was very excited.

Then the stock price continued to rise, but when it rose to the 4.8 position, the stock price was sold by HSBC International Trust Company and fell to the 4.00 position again.

And Fidelity Investment Group in the United States stabilized its stock price at 4.00 until the close.

Wang Guanxi felt a little regretful.

"It seems that it will take tomorrow or the day after tomorrow for the stock price to rise to 6.00."

At this time the phone rang, and it was Wu Zhanhai calling.

Wang Guanxi connected.

"Mr. Wu, what's the matter?"

On the phone, Wu Zhanhai asked, "Guanxi, are you free for dinner tonight?"