Chapter 868: The Philip Brothers Company is Over!
"Well done!"
"The impact has not yet reached the maximum point, and everyone must not let down their guard and pay close attention to the changes in the market. ”
Xia Yu smiled and said to Toby Moulton, the general manager of the New York branch of Jiuding Securities Company.
Xia Yu felt relieved when manufacturing companies found that there was a shortage of raw materials for copper and aluminum, and began to bid for them, raising the spot prices of copper and aluminum.
In the past two days, he has been with a relaxed attitude, wandering around Galaxy Fund and Jiuding Securities Company, and occasionally watching a ball game at home.
When the major financial giants on Wall Street realized that the bulls had invested heavily in stockpiling spots, they decided that the bears were going to be out of luck.
Among the bears, led by Philip Brothers and Salomon Brothers, the worst impact will naturally be borne by these two companies.
But Salomon Brothers is not publicly traded, so much of the pressure is on Philip Brothers.
The most intuitive feedback is in the stock market, where investors voted with their feet.
It's now 3:30 p.m. on Friday, and the stock price of Philip Brothers has fallen from $27.87 a share to $24.32 a share, and the market value has evaporated by $525 million!
Now the investors of Philip Brothers are regretting, especially those institutions that bet against Jiuding Securities, they are about to buy regret medicine!
Of course, the premise is that there is such a thing as regret medicine.
And as long as anyone with a discerning eye can see that the impact of bullish hoarding of spot is still fermenting, not to the greatest extent, whether it is spot or futures, there will be a rise in the future.
The higher the price rises, the greater the loss for the short position.
In this situation, cold-blooded and ruthless Wall Street crocodiles flocked to the futures market, some also mobilized their forces to hoard spot, and some were planning to short the shares of Philip Brothers.
Of course, there are also some people who are waiting for an opportunity, analyzing the market with all their might, to see if there is a bargain to pick up.
What's more, it is ready to open up a new battlefield in this chaotic market again, and make a fortune with the help of market panic.
All in all, the New York financial markets have been agitated.
......
Office of the President of Philip Brothers.
President Tendeler Wells, Vice President and General Manager of Rare Metals Investments Albert Raphael, and Salomon Brothers President John Gufran sat next to each other, but no one spoke, and a heavy atmosphere permeated the office.
After a long time, a series of hurried footsteps came, leading the eyes of the three of them to the door.
Then, I saw Harlan Dryden, manager of the senior copper futures department, walk in with a solemn face, and immediately reported: "President, manager, the closing price of senior copper futures is $0.7855/pound, and the closing price of aluminum futures is $1.5895/pound." ”
Although these two data were expected by the three of them, when they really happened, they still made their hearts a little heavier.
Harlan Dryden's mouth squirmed, but in the end he didn't make a sound, and stood a little awkwardly, walking or staying.
"Harun, you go down first!"
"By the way, close the door. ”
It was only after a while that Tendler Wells let him out and closed the door to his office.
John Guflan spoke at this time, with reproach and anger in his tone: "Albert, this is what your company said about finding out the strength of the Galaxy Fund?"
Hearing this, Albert Raphael's face changed greatly, and he preemptively said: "John, now I am not sure that the large-scale acquisition of spot is the Galaxy Fund, or it may be other capital, just like we can find Salomon Brothers as an ally, I don't know if the Galaxy Fund has found someone to be an ally, for example, the Sumitomo Foundation of the island country definitely has this strength." ”
"And when it comes to losses, our company has the biggest losses. ”
On the other hand, Albert Raphael also took advantage of the fact that Tendler Wells was not paying attention, and kept giving John Guufflan a look of pleading in his expression, he did not want John Gumphlan to tell the two of them in private before.
John Gufran came to the door this afternoon without saying hello, so Albert Raphael didn't have time to explain to John Gufran in advance.
"Mr. Gufran, Albert is right, according to the current situation, our company has the greatest loss, and our company is the last thing we want to happen!"
Tendler Wells also explained out loud.
John Guflan looked at the two of them, especially looking deeply at Albert Raphael for a few seconds before taking a deep breath to calm himself down and calmly said, "Well, I'm sorry for my gaffe. ”
"But what do we do now?"
"Now Wall Street has decided that we have failed, and capital is on their side!"
"We're done!"
Hearing this, Tendrer Wells and Albert Raphael were silent, and John Gufran said how they were not clear?
To put it bluntly, Wall Street capital is falling into the well, trying to trample them hard and squeeze their blood dry.
Seeing that the two of them did not speak for a long time, John Gufran frowned, he didn't want to waste his precious time here, and said again: "Do you have any effective methods, if not, then I'm sorry, I will quit immediately." ”
Although Salomon Brothers is trapped, it is not as deep as Philip Brothers, and it can still be withdrawn, but it will have to pay a huge price.
Although it will break the bones of Salomon Brothers, it will not fall.
If it continues to drag on, it is really uncertain whether it will go out of business!
"Gufran, we don't have anything else to do at the moment, but we still have two days, and we'll give you a clear answer the day after tomorrow. ”
Tendler Wells took a deep breath and said solemnly, even with a hint of a plea.
Although the strength of the Philip Brothers Company is stronger than that of the Salomon Brothers Company, at this critical moment, if the Solomon Brothers Company turns back, the losses of the Philip Brothers Company will be magnified by several layers, and he has to put down his body.
The next two days are Saturday and Sunday, and the two days when the market is closed will be their last chance.
If you can't think of a solution, then you can only wait for death.
"No, one day!"
"Tomorrow night, you have to give me an answer, I need to give an account to the board, the day after tomorrow...... It's too late!"
John Gufran shook his head fiercely and said in a very resolute tone.
After a long silence, Tendler Wells said slowly: "Okay!"
......
"It's already a dead end!"
Rockefeller Manor, David Rockefeller shook his head and said.
Although he had said something similar two days earlier, he was not as sure as he is now.
"I didn't expect this Chinese kid to have such a strong capital, and I underestimated him. ”
"I wanted to take over his oil futures, but now it seems impossible, and it has helped him gain a foothold on Wall Street, heh......"
"But it's not without gain, at least I know the relationship between the Rothesmine family and him......"
After David Rockefeller sighed, an inexplicable smile appeared on the corner of his mouth, and his eyes looked east through the window, as if he could see someone's headache and irritability.
Then, he made a phone call, called a confidant, and ordered something.
In the evening of the same day, the mining companies involved in the Rockefeller consortium were notified not to sell copper and aluminum for the time being.
Several other institutions have also taken action, preparing to join in as soon as the market opens on Monday.
This weekend is not going to be good for the Galaxy Fund.
In terms of public opinion, it is full of accusations against the bulls led by the Galaxy Fund, and all kinds of emerging heads that disrupt the economic order are deducted from the head of the Galaxy Fund one after another, and the Galaxy Fund is falsely accused of hoarding and maliciously manipulating the prices of copper and aluminum.
It seems that under pressure, the New York Stock Exchange has been investigating the Galaxy Fund Company around the clock, talking to people from time to time, and the US Futures Trading Commission has also intervened, causing some people in the Galaxy Fund to be in turmoil.
Fortunately, Xia Yu knew that this was the last madness of the bears, so Song Yang told the company's employees to stabilize their mentality.
He is not without action, his major media, as well as the media that spend money to buy, have a war of words with the opposing media, and the momentum of the quarrel once exceeded the heat of the election.
Anyway, they can't find out the real situation, Xia Yu is not worried at all, the punishment of the law must pay attention to evidence.
Monday.
In anticipation, the New York Mercantile Exchange opened again.
Both those on the exchange and those outside the exchange are keeping an eye on advanced copper futures and aluminum futures.
"The opening is up sharply!"
"Advanced copper futures are $0.8325 per pound, up six percent!"
"Philip Brothers is completely finished!"