Rebirth of the Financial Crisis Sweeping the World

At 11 o'clock in the evening, Wang Guanxi returned home, took a shower, and then went to the small bedroom, lying on the bed and watching current affairs news.

[General Motors will cut costs by US$15 billion in the future]

"Hey, it's bad news for the entire industry again. Now I want to short BYD Electronics Group again."

Today, the share price of BYD Electronics Group closed at 4.00, and Wang Guanxi intends to enter the market at 6.00 to short.

"Perhaps this news is not a big deal. I was too worried. The auto industry plummeted yesterday, and the short-term bad news may be exhausted."

The next day, Tuesday, June 17, the stock market opened.

HSBC International Trust and Golden Dragon Fund began to sell, and the stock price quickly fell from the 4.00 position to the 3.00 position.

At this time, Fidelity Investment Group of the United States once again increased its holdings at 3.00, and the stock price began to rise.

From the 3.00 position quickly rushed to the 4.00 position.

After staying for a period of time, continue to rush upward until it reaches the 5.00 position.

Wang Guanxi was very excited, the stock price actually rose to 5.00.

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

Soon, the stock price was 0.5 yuan again, rising to 5.50. Just when Wang Guanxi was about to call Feng Shaokun to borrow stocks, the share price of BYD Electronics was sold by HSBC International Trust.

The stock price fell all the way, and soon fell back to the 3.00 position.

American Fidelity Investment Group, Hong Kong Branch. Si Xiuliang ordered: "Continue to buy"

"Yes, President"

So the stock price soared all the way under their buying, and quickly rushed from the 3.00 position to the 5.00 position.

HSBC International Trust also seized the time to sell.

Two institutions are competing.

The stock price fluctuated wildly from 3.00 to 5.50, and the trading volume was very large.

At this time, HSBC International Trust sold 5 million at one time, causing the stock price to drop from a high of 5.50 to 3.12.

As for Guo Linhai of Guoco Financial Group and Wu Zhanhai of Wing Lung Securities Company, both of them were excited.

The US Fidelity investment continued, but they didn't make a move, and the two of them bought in one after another.

Wu Zhanhai bought 3 million shares, while Guo Linhai bought 6 million shares.

The stock price once again rushed to the 5.50 position, but was once again sold by HSBC International Trust Company, and the stock price fell sharply again.

Finally, HSBC International Trust Co., Ltd. finally sold out the last stocks, closing at 3.05 in the morning.

In these days, they cashed out a total of 213 million shares, with an average cash position of 7.02, and a total of more than 1.4 billion Hong Kong dollars in cash.

Jiang Quangang told all the traders: "Cash out the stocks of PetroChina, Sinopec, and CCB before the end of this week."

Glancing at China Resources Beer Group, he said again: "Preparing to increase the holdings of China Resources Beer"

He is still very optimistic about the prospects of China Resources Beer Group. This time, he cashed out the shares of BYD Electronics, Sinopec, and PetroChina to buy shares of other listed companies, commonly known as a share swap.

"Yes, President"

Because there was no selling from HSBC International, after the market opened in the afternoon, the share price of BYD Electronics rose all the way and quickly rushed to the 4.50 position.

Then break through the 5.00 position.

After staying for a while, it rushed to the 5.80 position and then closed.

"It's about to reach the 6.00 position, and you can go short tomorrow"

Wang Guanxi was very excited, so he rode to Yongheng Securities Company to continue to borrow shares of BYD Electronics.

Ever since, Feng Shaokun borrowed 7 million shares from Wing Lung Securities Company, Ping An Fund borrowed 5 million shares, and Guoco Financial Group borrowed 11 million shares.

A total of 23 million shares.

Wu Zhanhai, Hao Yumao, and Guo Linhai lent their stock to Wang Guanxi without even thinking about it, and charged interest!

The following day, June 18, Wednesday.

When the stock market opened, the share price of BYD Electronics quickly rose to 6.00.

"The opportunity is here!"

Wang Guanxi is selling slowly!

50,000 shares!

50,000 shares!

··

11.5 million shares sold!

The stock price gradually fell to the 4.00 position, while Fidelity Investment Group continued to increase its holdings, and quickly pulled the stock price to the 6.00 position again!

Wang Guanxi sold again.

50,000 shares!

50,000 shares!

···

The stock price was pressed back to the 4.00 position, and the morning trading ended.

Wang Guanxi shorted 23 million shares, and opened a position at 5.00, with a temporary floating profit of 23 million Hong Kong dollars.

"Just lie down and make money."

···

At this moment, Si Xiuliang of Fidelity Investment Group in the United States ordered: "Pull the stock price to 6.00 in the afternoon trading, let those short sellers continue to sell, and when the stock price falls, we will buy again. We can eat as much as they sell!"

"Yes, President"

Soon, the market opened in the afternoon, and the stock price rose again!

It quickly rushed to the 5.00 position, but did not stop, and continued to rise until the 6.00 position.

Wang Guanxi's account profits disappeared.

"Damn it, why haven't the other major shareholders of BYD Electronics sold it yet?"

··

Golden Dragon Fund, Zhong Hewu, the major shareholder of BYD Electronics, continued to wait and see and did not sell.

The stock price continued to rise, and soon rushed to the 6.5 position, and then closed.

At this time, he saw the latest message.

[In May, the unemployment rate in the United States rose sharply from 5.0% in the previous month to 5.5%, the highest point since October 2004, and the largest monthly increase since February 1986. 】

Suddenly he felt something was wrong, what happened now?

Thinking of the customers of my friend Rand Quan's company in California, USA, who were miserable.

Now that the unemployment rate in the United States has risen so much, the economy is deteriorating, and the customers of BYD Electronics Group include Mercedes-Benz, Ford, and Sony.

"This year's economy must be very bad. I'd better cash out more stocks. Hold the cash and be safe!"

"Let's sell 20 million shares at the opening of the market tomorrow. Alas, you can buy them back later when the stock price is low."

The next day, June 19th, Thursday.

The share price of BYD Electronics Group rose at the opening, and quickly rushed to the 7.00 position!

Zhong Hewu couldn't bear it anymore, and kept selling BYD's shares.

As a result, the stock price plummeted all the way, and soon fell to the 5.00 position, and he immediately stopped selling.

Soon the stock price rushed up again, from 5.00 to 7.00, and the morning session ended.

He intends to sell another 10 million shares, leaving a certain share of BYD Electronics.

When the market opened in the afternoon, he sold another 10 million shares, causing the stock price to fall to 5.50.

However, Fidelity Investment Group of the United States bought more aggressively this time, and retail investors in the market also bought aggressively, which made the stock price soar and rushed to the 7.50 position.

Wang Guanxi had a floating loss of 57.5 million Hong Kong dollars in his account. He broke out in a cold sweat and felt very uneasy. He felt that he was too radical and reckless. He should wait until the stock price rose to 7.00 before selling short!

His short at 6.00 was too early.

The first two shorts have tasted a lot of sweetness, and this third shorts must not capsize in the gutter.

"Damn it, why hasn't BYD Auto, the largest shareholder of BYD Electronics, cashed out yet?"