Rebirth of the Financial Crisis Sweeping the World

Time passes slowly.

In the atmosphere of tension, expectation and excitement in the financial market, the time arrived at 9:10.

There are 20 minutes until the U.S. stock market opens.

Wang Guanxi couldn't help but take a breath.

Everyone also held their breath and concentrated.

Wu Zhanhai couldn't help but said: "The market is about to open, and I don't know how Wachovia's stock price will fall when it opens?"

Wu Hongsheng guessed: "It may fall by more than 25%."

Li Guangyu pondered for a moment and said: "I think it's not just 25%, but at least 40%."

Lu Jianyan said: "At least 50% or more"

Guan Zhenyi also said: "I think it is completely okay to fall to more than 5 US dollars."

Lin Jiyang thought for a while and said: “It’s no problem if it’s more than $4.

After all, today's US$700 billion rescue plan has become US$250 billion, and Congress still needs to vote.

Wachovia Bank is in urgent need of rescue, and now the rescue operation has been delayed.

Wachovia may be doomed.

Under such huge negative news, Wachovia’s stock price will definitely fall by more than 60% tonight.”

Everyone is looking forward to Wachovia's stock price plummeting tonight and then buying the bottom.

But the specific location is not clear, so it would be inappropriate to copy it halfway up the mountain.

So everyone tries to underestimate some stock prices as much as possible.

Then open the stock price chart of Wachovia Bank. It closed at $10.00 last Friday. The U.S. stock market is bound to plummet when it opens today Monday night.

Blackshirt Investment Bank's $303 million is ready to buy Wachovia shares.

Then Wang Guanxi ordered: "You all get ready for me. As long as Wachovia's stock price falls below $4 per share, you can buy it!"

"Yes, boss" Everyone was quite nervous.

Wang Guanxi then picked up a glass of champagne and drank it slowly.

At this moment in New York, USA, Soros Quantum Fund, Soros is drinking tea slowly, looking very leisurely.

But his eyes were fixed on Wachovia's stock chart.

The last time Soros Quantum Fund lost US$700 million on Lehman Brothers, it has always been a thorn in Soros's heart!

In particular, he was particularly disgusted by a black-shirted insurance company in Hong Kong.

He could have lost a lot less money, but because of Blackshirt Insurance Company, he lost US$700 million.

This time he was betting that Wachovia would follow in the footsteps of Lehman Brothers and Washington Mutual.

Why?

Because before the last time Washington Mutual Bank went bankrupt, Soros Quantum Fund shorted Washington Mutual Bank and also went long Citibank in the short term!

He made back all the $700 million he lost on Lehman Brothers.

Vice President Roger Bowers asked: "Boss, are we going to sell Wachovia Bank stock as soon as the market opens?"

Today Wachovia's share price is $10 per share, the total share capital is 2.16 billion shares, and the market value is $21.6 billion. Of course, that was at the close of trading last Friday.

It will be different when the U.S. stock market opens, and it will definitely shrink significantly.

The exact amount of the shrinkage is unknown, but he estimates it will be more than 20%.

Soros pondered for a moment and said: "Sell them all to me and don't keep any shares."

This time Soros Quantum Fund asked BlackRock Group to borrow 100 million shares of Wachovia Bank to short Wachovia Bank. At the current price, that is worth US$1 billion.

This time, Soros planned to sell out as soon as the U.S. stock market opened.

When Luojia Powers heard this, he was stunned and his heart trembled. He asked: "Boss, if you sell 100 million shares at one time, will it be too much? The stock price will be directly hit by us."

Is it okay to sell 100 million shares this time?

It's absolutely terrible.

Basically, all the buying orders in the market will be exhausted. If there are no funds to protect the market, the stock price will fall to shit. If you sell like this, will it lower the position of opening a position?

It is okay to sell 5 million shares or 10 million shares at a time.

Why sell 100 million shares at once?

What about selling out quickly and directly?

It would be great to sell 1 million shares in 1 minute.

Soros thought for a while and said: "All 100 million shares were sold within 20 minutes."

"Yes, boss" Luojia Powers nodded.

At the Asia headquarters of AIG Group, Brian Schreiber, head of Asia Pacific, asked his assistant: "If Wachovia's stock price rises, let's clear the position tonight."

The assistant asked: "Mr. Schreiber, what if the stock price of American League keeps falling at the opening tonight?"

Brian Schreiber thought for a moment and said, "Then wait a little longer."

Feroz Sanghavi of the Imperial Bank of India had previously planned to borrow their shares of Wachovia Bank for shorting, but he did not borrow.

Because it plans to liquidate shares of Wachovia Bank, but the specific location of the liquidation still needs to be considered.

Anyway, he would just clear it out within this week, and he was not in a particular hurry.

"Okay, Mr. Schreiber," the assistant hesitated.

At Fortis Group's Hong Kong branch, Vice President of Asia Pacific Srein Hamilton looked at Wachovia's stock price chart and fell into deep thought.

A female assistant sat on his lap, gently stroked the back of his neck with her beautiful hand, and said: "This Wachovia Bank may go bankrupt soon. Don't think about it. Let's clear out the position tonight."

Srein Hamilton grabbed her hand and said with a smile: "No rush, my boss told me to clear the position within this week. I want to wait until the stock price of Wachovia Bank stabilizes above 10 US dollars before clearing the position."

"Okay, I'm also a little congested.

"Clean it up for me?"

"Okay, I'll help you unblock it."

“Let’s go, Peninsula Hotel”

"Forget it, can I go see you again at 12 o'clock?"

"How about 10:30? It feels uncomfortable after being congested for a long time."

"Well, then it will be 10:30, and then we will play until 6:09."

"Well, I like it until 6:09."

··

Andre, the president of the Hong Kong branch of Fidelity Investment Group, and Si Xiuliang, the vice president, discussed Wachovia Bank again.

Since the collapse of Lehman Brothers and Washington Mutual, the next bank to fail is likely to be Wachovia Bank.

Si Xiuliang said: "Mr. Andre, are we going to clear our positions when the market opens?"

In fact, they don't hold many shares of Wachovia Bank. If they want to liquidate their positions, they will do it quickly.

Andre thought for a while and said: "No rush, just wait, we don't hold many stocks anyway."

Although Wachovia Bank is on the verge of bankruptcy, it is still negotiating with Citibank and Wells Fargo, and may acquire them at a premium. He wants to wait.

Of course, it won't take too long, because Citibank and Wells Fargo may have recently acquired Wachovia Bank at a premium, and it won't take more than two weeks.

Feroz Sanghavi of Imperial Bank of India came to borrow shares to short Wachovia Bank, but he refused without even thinking.

In fact, many investment institutions are shorting Wachovia Bank because the situation of Wachovia Bank is very similar to that of Lehman Brothers and Washington Mutual Bank, which went bankrupt before.

It is rumored that Soros Quantum Fund is shorting Wachovia Bank. Of course, this is a rumor. Whether it is true or false, he does not know.

Chandler Parr, the president of D.E.shaw's Hong Kong branch, said to his assistant: "Half an hour after the market opens, if the stock price of Wachovia Bank drops, let's clear the position."

The news he got was that Bill Miller of Legg Mason liquidated his Wachovia shares last week.

And their company, D.E.shaw, plans to clear their stock this week.

But the key issue is that Wachovia, Citibank, and Wells Fargo are negotiating.

In addition, the US$700 billion bailout plan of the US White House encountered resistance and turned into a US$250 billion interim agreement, and Congress will vote again.

This does not mean clearing the warehouse or not. He struggled with it and finally decided to wait for half an hour.

As for UBS Group's Hong Kong branch, Senior Vice President Casey Entwistle stared at Wachovia's stock chart with some excitement.

They have borrowed 50 million Wachovia shares from Franklin Templeton Asset Management and plan to short Wachovia Bank.

However, the specific time has not yet been determined. Today, tomorrow, and the day after tomorrow are not sure.

But Feroz Sanghavi of the Imperial Bank of India suddenly called him and said that he wanted to borrow shares of Wachovia Bank for shorting.

He made a decisive decision to short Wachovia Bank tonight.

But where exactly he will be shorting, he has not yet determined.

"Damn it, let's decide after 11 o'clock tonight. The U.S. Congress will also vote on the rescue plan by then. Maybe the US$250 billion interim agreement will be rejected, or even the entire US$700 billion rescue plan will be rejected! "

Time is long, especially at critical moments.

Finally 9:30 came.

U.S. stocks open.

Wachovia's stock was sold off like crazy.

Soros Quantum Fund sells off the most!

10 million shares!

10 million shares!

10 million shares!

····

The stock price of Wachovia Bank plummeted, like a waterfall falling from the sky, with overwhelming power!

It can shock people's souls. They dare not act rashly, let alone disobey it. They can only watch it plummet.

The market is full of selling.

Of course, there are also those who are not afraid of death to buy the bottom, and there are also investment institutions that have shorted Wachovia Bank a long time ago and closed their positions, but it is useless and cannot prevent the collapse of Wachovia Bank's stock price!

$9 per share!

$8 per share!

$7 per share!

··

Everyone was dumbfounded, it was too scary and the fall was too hard.

At Black Shirt Investment Bank, Wang Guanxi shouted: "Stop buying, keep waiting, and buy when it reaches $2 per share!"

"It's the boss!" Everyone gasped and felt chills on their backs. Wachovia Bank's stock price had suffered a huge sell-off, and there was no way to stop the sell-off.

Blackshirt Investment Bank has only prepared US$303 million in funds, so it is invincible.

Brian Schreiber, Slaine Hamilton, Andre, Chandler Parr, Casey Entwistle and others were also completely dumbfounded.

How do you ask them to clear out this shit?

damn it!

"Numbly, who is selling so hard that we don't even have a chance to sell?"

"Grass, the throwing was too fierce, wasn't it?"

"Paralyzed, isn't it Soros who is selling?"

"My day, we lost a lot!"

"Son of a bitch"

··

Soros Quantum Fund, Soros continued to shout: "Sell, don't stop, let them not be able to sell!"

"Yes, boss" Luojia Powers sold wildly.

Soon Wachovia's stock price fell to $4 per share, $3 per share, and $2 per share!

In just 15 minutes, Wachovia's stock price fell from $10 per share to $2 per share.

Terrible.

Soros Quantum Fund sold a total of 100 million shares, establishing a position at US$6 per share, with a temporary profit of US$400 million.

"Very good, let's wait and see the good show!" Soros looked at the sluggish Wachovia Bank stock and smiled.

At this moment, Wang Guanxi of the Black Shirt Investment Bank said: "Buy at $2 per share."

"Yes, boss!" Everyone immediately started buying.

1 million shares!

1 million shares!

··

Wachovia's stock was sold by Brian Schreiber, Slaine Hamilton, Andre, Chandler Parr, Casey Entwistle and others.

1 million shares!

2 million shares!

3 million shares!

500,000 shares!

3.5 million shares!

Although Wachovia Bank was bought by Blackshirt Investment Bank, its stock price continued to fall!

1.9!

1.8!

1.7!

1.6!

···

"Keep buying," Wang Guanxi shouted, "Use all your funds to buy, don't stop!"

"Yes, boss" everyone continued to buy!

But the stock price still fell!

1.5!

1.4!

1.3!

··

It has dropped to $1.00 per share, and Blackshirt Investment Bank is still buying!

1 million shares!

1 million shares!

···

Wang Guanxi shouted: "Buy!! Buy!"

"Buy all the money!"

“Don’t even have a dollar left, buy it for me!”

"Yes, boss" everyone kept clicking the mouse!

1 million shares!

1 million shares!

··

Because the stock price was so low, fewer people were selling, and Wachovia's stock price began to rise!

1.2!

1.4!

1.6!

1.8!

2.0!

This time Blackshirt Investment Bank forcibly raised Wachovia's share price from $1 per share to $2 per share!

The trading volume is huge!

It simply shocked financial markets.

"Damn it, this Wachovia Bank is simply terrible."

“Damn it, it plummeted 80%.”

“Now the stock price has recovered”

“I don’t know where I can get back to”

"terrible!"

··

In total, Blackshirt Investment Bank bought a total of 200 million shares, establishing a position at US$1.5 per share, spending US$300 million, and temporarily had a profit of US$100 million on its books.

Wu Zhanhai, Lu Jianyan and others were very excited, nervous and excited.

"Boss, Wachovia's stock price has stabilized above $2.00 per share."

“Haha, it’s so cool to buy the bottom this time.”

"Fortunately, I held back before, otherwise I would have lost money if I had opened a position at $4 per share."

"Yeah, yeah, luckily I started buying at $2 a share."

"This time I bought 200 million shares for US$300 million!"

"Hey, I hope Wachovia Bank can be acquired at a premium."

···

At this moment, the Peninsula Hotel in Hong Kong, Nehru, Sandeep Batra, Ratan Tata, Feroze Sanghvi, Anand Mahindra, Raju Shroff, Jirayu? A Ming and the other seven were also completely dumbfounded.

I didn't expect Wachovia's stock price to plummet so sharply.

It fell directly by 80%

The highest drop was 90%, to $1 per share.

Wachovia’s current market value is $4.32 billion.

Compared with the previous US$21.6 billion, it is US$17.28 billion less. In total, the market value of HK$130 billion has evaporated, which is terrible.

"Then the Chinese must be bargain hunting."

"Damn it, these Chinese people are really spooky"

"When the stock price fell to $2 per share before, it fell very slowly."

"Then when it fell to $1 per share, it started to rise."

"Obviously the Chinese are buying like crazy"

"Yes, it's a good thing that they bought it. When Wachovia Bank goes bankrupt, they will lose all their money."

"Yeah, just wait until the Chinese people lose all their money."

··

And destroy the Blackshirt Alliance.

The presidents of Daoheng Securities, CLSA, Yiqun Securities, OP Securities, Dali Securities, Gaoxin Securities, and Fengnian Securities were also dumbfounded.

Jiao Xiongbing lamented: "The stock price of Wachovia Bank really fell too sharply tonight."

Adolf Roguli: "Damn it, Black Shirt Investment Bank bought the dip"

Li Songwei: "The people in the black-shirted investment banks must have been bargain hunters."

You Zhenxuan: "Let's ask them to borrow stocks to continue shorting, and then wait for Wachovia Bank to go bankrupt!"

Jiang Jiwei: "Yes, Wachovia's stock price plummeted so much this time, just like Lehman Brothers and Washington Mutual before."

Yue Runlin: "This Wachovia Bank will definitely collapse"

Ju Debiao: “I think so too”

Jiao Xiongbing asked again: "Shall we borrow the stocks of Black Shirt Investment Bank to go short?"

Adolf Roguli: "But Wachovia's stock price has fallen so low. Will this black-shirted investment bank lend us a loan?"

Li Songwei said: "It will definitely happen, just call them."

According to what was discussed in advance, the funds for shorting Wachovia Bank this time were jointly provided by Yiqun Securities, OPPO Securities, Dali Securities, Gaoxin Securities, and Fengnian Securities.

"Call me"

"Okay, call me right away"

Then Li Songwei called Wu Zhanhai and said he wanted to borrow shares of Wachovia Bank.

Wu Zhanhai came to Wang Guanxi and said: "Boss, Li Songwei from Yiqun Securities called us to ask us to borrow shares of Wachovia Bank. It seems that he wants to short Wachovia Bank."

Wang Guanxi was stunned for a moment, then overjoyed!

People from Blackshirt Group have always asked others to borrow stocks for short selling. Unexpectedly, today someone asked Blackshirt Investment Bank to borrow stocks for short selling.

This is a good thing!

borrow!

Why not borrow it!

All loaned to Li Songwei of Yiqun Securities!

Wang Guanxi immediately said: "We have 200 million shares of Wachovia Bank here, and the current stock price has temporarily stabilized at $2 per share.

If they wanted to borrow it, it would be worth $400 million.

The monthly interest is 2%, and the daily interest is $260,000.”

"If they want to borrow money, they come over immediately to sign the agreement. If the money is not enough, let them use the securities company's client assets as guarantee."

"Yes, boss" Wu Zhanhai went to do it immediately.

Soon, five securities companies, Yiqun Securities, OP Securities, Dali Securities, Gaoxin Securities, and Fengnian Securities, sent lawyers to Blackshirt Investment Bank and signed the agreement!

The other party had a lot of money, so he directly took out US$400 million and borrowed 200 million shares of Wachovia Bank.

Li Songwei, You Zhenxuan, Jiang Jiwei, Yue Runlin, Ju Debiao and others didn't talk much. They were overjoyed after receiving 200 million Wachovia shares.

Li Songwei said with a smile: "This time we are shorting Wachovia Bank until Wachovia Bank goes bankrupt."

You Zhenxuan chuckled and said: "Yes, if we don't close our short position on Wachovia this time, the black-shirted investment bank can only watch Wachovia's stock price reduced to waste paper."

Jiang Jiwei: "Damn it, you must lose money to this black-shirted investment bank!"

Yue Runlin: "Only if we close the position and return the stocks to Blackshirt Investment Bank, they can close the position. Once Wachovia Bank goes bankrupt and the stock price drops to shit, we will have no problem making $350 million."

Ju Debiao echoed: "Yes, this is much higher than the profit of brokerage business. Our commission for securities brokerage business does not add up to US$350 million a year, haha."

At this time, Jiao Xiongbing urged: "It's time to go short, let Black Shirt Investment Bank take a look!"

Adolf Roguli also said: "Let the people in the black-shirted investment banks regret borrowing stocks!"

Then Li Songwei, You Zhenxuan, Jiang Jiwei, Yue Runlin, Ju Debiao and others began to sell Wachovia Bank's stocks.

5 million shares!

5 million shares!

5 million shares!

··

Although there are many institutions buying the bottom, they can't stop Wachovia's stock price from plummeting!

Dropped from $2.00 to $1.00 per share!

Li Songwei shouted: "Stop!"

So everyone stop!

But other retail investors are selling, fearing that Wachovia Bank will suddenly declare bankruptcy!

Then the stock price continued to fall under the selling of retail investors around the world!

Dropped to $0.90!

Dropped to $0.80 per share!

Dropped to $0.50 per share!

Wachovia's stock price has fallen into a penny stock!

Oh my God!

Shocked the financial world!

“Is this Wachovia Bank going bankrupt?”

"Oh my God, it's another Lehman Brothers. Fortunately, I liquidated my position at that time."

"Anyone buying Wachovia stock right now is a fool!"

"Looks like Wachovia is going to follow Lehman Brothers, Washington Mutual"

"It's over this time"

"The negotiations between Wachovia Bank, Citibank, and Wells Fargo must have collapsed."

UBS Group's Hong Kong branch, senior vice president Kathy Entwit, had shorted 50 million shares of Wachovia Bank shares, with a position of $1.50 per share.

Immediately he began to close his position!

5 million shares!

5 million shares!

5 million shares!

···

It once again raised Wachovia's share price to US$1.00 per share, and continued to rise to US$1.3 per share.

After closing the position, we earned US$0.6 per share and a total of US$30 million. This is a good record. Fast in and fast out.

Then traders from Barclays and Royal Bank of Scotland entered the market to buy the dip!

A large amount of shares in Wachovia Bank was purchased, which continued to push up the share price of Wachovia Bank, all the way to $2 per share!

And Li Songwei, You Zhenxuan, Jiang Jiwei, Yue Runlin, Ju Debiao and others continue to short!

5 million shares!

5 million shares!

5 million shares!

···

Wachovia's stock price fell to $1.00 per share again.

But soon, the stock price reached US$2.00 per share again, and Li Songwei and others were overjoyed!

Keep going short!

Back and forth multiple times!

Li Songwei, You Zhenxuan, Jiang Jiwei, Yue Runlin, Ju Debiao and others sold a total of 200 million shares, establishing a position at US$1.5 per share.

The stock price also fell to $1.00 per share.

There was a profit of US$100 million in the account.

But they were not happy for long. Wachovia's stock price rose again, from $1.00 per share to $1.50, and then stood firm here.

The profits in their accounts were dollars.

Fortunately, I didn’t lose money either.

Li Songwei said: "Wachovia Bank will definitely go bankrupt within this week."

You Zhenxuan: “I think so too”

Jiang Jiwei: "The moment Blackshirt Group lent us shares, we were destined to lose everything."

Yue Runlin and Ju Debiao also agreed.

"Yeah, Black Shirt Investment Bank, hey, don't come begging us to close our positions then!"

"I won't let them down then, haha." Mobile phone users value the new experience of browsing before the subprime mortgage crisis sweeps across the world, for a better user experience.