Rebirth of the Financial Crisis Sweeping the World

  Chapter 83: Shorting the Penguin Group and waiting for Futong Group’s wool

  At this moment, Wang Guanxi is collecting information on listed companies.

  Before doing long Penguin Group’s stocks, I made 53.6 million Hong Kong dollars. At present, the funds have accumulated to 96.6 million Hong Kong dollars.

  But now his capital is getting bigger and bigger, and the impact of investing in a stock is also great. It needs those listed companies with super high market value and large trading volume.

  At this time, three messages suddenly appeared, and Wang Guanxi's eyes lit up.

  [346 funds lost nearly 647.5 billion yuan in the first quarter]

  【China Shenhua is sold by institutional shareholders of 155.6 million H shares】

  [Fortis Group (Fortis), after a huge loss of US$4 billion in U.S. stocks, another huge loss of 3 billion euros in stocks, the stock price once again hit a record low and announced the reduction of its Asian assets]

Fortis Group is an international financial services group active in the world's insurance, banking and investment fields. It is one of the largest financial institutions in Europe. The stock price plummeted to a record low due to the bankruptcy of a joint venture fund with Bear Stearns Bank. This time, it was reported that there was another huge loss of 3 billion euros in the beating of stocks, and the intention to reduce the holdings of Asian assets should be mostly reducing holdings of Hong Kong assets.

  [Ping An Fund's bargain-hunting Fortis Group's loss expanded from 700 million euros to 1 billion euros]

  Ping An Fund was simply killed by Fortis Group.

On April 4, Fortis Group broke out a loss of 4 billion U.S. dollars in U.S. stocks, and the stock price plummeted to a record low once. At that time, Ping An Fund lost 700 million euros because of bottom-hunting. In the same month, it broke out that Fortis Group had a huge loss of 3 billion euros in the beating stocks, the stock price once again set a record low, and the Ping An Fund lost 1 billion euros.

  This is just one link after another.

  This Bear Stearns Bank has pitted the Fortis Group, and the Fortis Group has affected Ping An Fund. Maybe Ping An Fund has also affected mainland fund companies.

  This Fortis Group intends to reduce its holdings of Asian assets, and it should sell many shares of listed companies.

  Wang Guanxi feels that the opportunity to make quick money is here.

  It seems that Penguin Group’s stock has also been sold off, because many fund companies are now short of cash and like to cash out Penguin Group’s stock.

  Because the Penguin Group has a large market value and large transaction volume, it is convenient to cash out.

  Fortis Group seems to have sold billions of Penguin Group stocks recently.

   "I short the Penguin Group's stock in advance, and then Fortis Group sells billions, am I just catching a ride?"

  Think of this, Wang Guanxi's heart is full of joy.

  This Fortis Group sells the shares of Penguin Group, then he can play it wool.

  Today Penguin Group’s stock has been shaking in the range of 68.00 to 74.00. Wang Guanxi intends to short the Penguin Group’s stock in the short-term.

  Just do it.

  Wang Guanxi took a taxi to Wing Hang Securities Company.

  Short the stocks of Penguin Group, but you can’t go short, you still need to borrow from the brokerage.

  Although Penguin Group’s stocks offer option trading, Wang Guanxi does not want to use option trading.

  In the manager’s office, Wang Guanxi drank a cup of tea and said, “Mr. Feng, I plan to short the stocks of Penguin Group. You can help me borrow some stocks from Penguin Group.”

   "Mr. Wang, how much do you want?" Feng Shaokun was very curious.

  Before, Wang Guanxi was long the stocks of Penguin Group and made more than 50 million yuan. Just two days after the position was closed, he came to short the stocks of Penguin Group?

  This, this, this change is too fast, right?

  Moreover, the stock price of Penguin Group is very strong. Many institutions are buying. It is really unwise for Wang Guanxi to go short!

  Especially for giant mainland companies like Penguin Group, the stock price will definitely rise in the future.

  Wang Guanxi put down his tea cup and said: “I intend to short the Penguin Group in the short term, not long-term short”

   "Oh, well, let me make a few calls" Feng Shaokun called quickly.

  Brokers are very fond of lending stocks to short sellers, because this can charge high interest rates. The longer the shorts, the higher the interest.

  If the stock price rises, not only can it increase in value, but it can also charge interest all the time, and most of it is a win.

Many brokerages heard that someone was planning to short the stocks of the Penguin Group, and they said they would lend the stocks to Wang Guanxi. Even Wu Zhanhai of Wing Lung Securities Co., Ltd. also took the initiative to lend the stocks of the Penguin Group to Wang Guanxi and claimed to give Wang Guanxi the best interest rate. , But Wing Lung Securities does not have many shares of Penguin Group, which is not enough for Wang Guanxi.

  Feng Shaokun then called Catalan Auto Insurance, but the other party directly agreed without thinking about it.

   is still not enough stock that Wang Guanxi needs.

  Continue to call Asia Finance Corporation, the other party also agreed, but it was not enough.

  After all, these companies only hold a small number of Penguin Group stocks.

  So Feng Shaokun directly hit the Ping An Fund, which held a lot of Penguin Group stocks, and was satisfied at once.

  Sure enough, the big brother company is different.

  Finally got the stock Wang Guanxi needed.

  Wing Lung Securities, Cathay Pacific Auto Insurance, Asia Financial Holdings, Ping An Fund, a total of four companies, a total of 1.34 million shares were borrowed to Wang Guanxi, the current value of 96.6 million Hong Kong dollars.

   "Mr. Feng, thank you very much" Wang Guanxi smiled.

   "You're welcome, you should, all four of their companies are rushing to charge you interest" Feng Shaokun said with a smile: "Be careful, don't let them smash the wool together"

  "Don't worry, it's okay" Wang Guanxi is very confident.

  That giant financial company such as Fortis Group will sell billions of Hong Kong dollars in Penguin Group stock, what is he afraid of?

  He sold the Penguin Group’s stock in front of Fortis Group in advance, then bought it back at a low price and returned it to Wing Lung Securities Co.·Ping An Fund.

  The next day, the stock market opened.

  Wang Guanxi saw that Penguin Group’s share price rose sharply, from 70.00 yuan per share to 74.00 yuan per share. Without saying anything, Wang Guanxi sold the stock directly, that is, went short.

  100,000 shares!

  100,000 shares!

  200,000 shares!

  300,000 shares!

  300,000 shares!

  ···

  Penguin Group’s share price was directly smashed by Wang Guanxi, and it quickly fell from the 74.00 position to the 70.00 position!

  Soon Penguin Group’s share price was pulled up again and rushed to the 73.00 position.

  Wang Guanxi's average position is at 72.00, temporarily losing 1.34 million Hong Kong dollars.

  He didn’t expect so many buying in the market!

  He sold the Penguin Group's stock worth nearly 100 million Hong Kong dollars, but was quickly eaten up by other institutions.

  It seems that Penguin Group’s stock is much more sought after by investors than he imagined!

  "Fortis Group should dump the shares of Penguin Group, right?"

  Wang Guanxi waited anxiously, waiting for the wool of Fortis Group. As a result, the stock price of Penguin Group, TM's rose by one yuan, rushed to the 74.00 position, Wang Guanxi lost 2.68 million Hong Kong dollars.

  This Nima’s!

  (End of this chapter)