Chapter 0026: The Situation Is Clear
"Hey, okay, what do you say we should do?" Henry still looked bitter.
"Henry, you are a trader in the company, you should have acquaintances on the New York Stock Exchange, right?" Qiao Tianyu asked.
"Yes, I have an okay relationship with the company's agent market maker. Henry said.
"You should quickly contact the agent market maker and find out what is happening to the institutions on the New York Stock Exchange that are now selling Jonasee Copper's stock. Qiao Tianyu arranged.
"Okay, no problem!" Henry immediately took the order and went to work.
After arranging to take Henry, Qiao Tianyu focused his attention on the pile of information about Jonassee Copper, he wanted to see what secrets were hidden in it, which could make David so secretive......
Anyway, there are a lot of these materials, and they are stacked up to more than half a meter thick, and it seems that David has really put a lot of effort into this stock!
However, in the previous life, Qiao Tianyu had been an ace trader for decades, and the basic skills of reading information were naturally not blown.
It only took him about an hour to read all the materials that were more than half a meter thick.
"I see!"
An hour later, Qiao Tianyu raised his head and finally knew David's careful thoughts.
No, it's not appropriate to use "careful thinking" here, David is thinking big!
It turns out that what everyone knew before was only the tip of the iceberg.
As mentioned earlier, in 1994 the US economy gradually recovered from the pound crisis, and economic fundamentals continued to improve.
Affected by this, the performance of Jonasee Copper Company has also been rising, and the income is quite large.
In order to expand the business, Jonasee Copper Company made the decision to increase capital and shares, and David acted in advance after learning the news and contracted the new share issuance and underwriting rights.
Industry insiders know that in the case of the company's good operating conditions, the company's capital increase and share expansion is a major good news, once the news spreads, the stock price of Jonasee Copper will inevitably rise sharply.
So the greedy David wanted to "eat two with one fish".
He blocked the news that Jonasee Copper was going to increase its capital and expand its shares in advance, and then made a desperate bet to eat a large number of Jonasee Copper's shares.
Wait for the right opportunity to announce the news of capital increase and share expansion, and make a lot of money after the stock price rises.
At the same time, in order to increase the capital and expand the shares smoothly and the new shares can be sold at a good price, David must also raise the stock price, so as to earn higher profits from the underwriting.
David's wishful thinking was really loud and he dreamed of making a fortune, but what he never expected was that Lehman Brothers took the lead and dumped Jonasee Copper stocks, and the stock price plummeted.
In this way, "one fish and two eats" is reversed into "one pot and two stews".
Alpha not only lost a lot of money on the old stocks, but also made it difficult to sell the new shares due to market panic, and when the time came, Alpha suffered a double blow and could only go bankrupt!
The agency was too clever and mistook Qingqing's life.
It's all the fault of greed!
At the same time, Qiao Tianyu also learned from the information about the large institutional holdings of Jonassee Copper's stock:
Afar has a total of 4 million shares, accounting for 2.5% of the total share capital;
Credit Suisse First Boston Bank has a total of 6.56 million shares, accounting for 4.1% of the total share capital;
Morgan Stanley has a total of 15.68 million shares, accounting for 9.8% of the total share capital.
"Why isn't there a Lehman Brothers name?"
Qiao Tianyu was surprised by the institutional shareholdings, Lehman did not appear in the list of large institutional shareholdings, so where did the shares of Jonasee Copper come from?
"Found it! Found it!"
Just when Qiao Tianyu was very suspicious of the origin of the stock in Lehman's hand, Henry ran back excitedly.
"Now only Lehman Brothers is selling in the big institutions on the New York Stock Exchange, and nearly 11 million have been sold so far, and the rest are retail investors, but the overall volume is quite a lot, nearly 10 million shares!"
"Lehman sold 11 million shares?"
Qiao Tianyu was taken aback, Lehman Brothers really had a lot of goods in their hands.
"What about Morgan Stanley and Credit First Boston, and what is the reaction of these two institutions?"
"Both institutions reacted normally, and their trading seats were tentatively selling small shares, but there was no big move. Henry replied.
"How can this be?" Qiao Tianyu was a little puzzled.
Jonasee Copper's three major shareholding institutions are all tentatively fleeing, which shows that these three institutions are normal, so where does the huge stock in Lehman's hands come from?
"By the way, there are a few brokerages on the NYSE today who are acting a little unusually!" Henry added.
"What's wrong?" Qiao Tianyu asked anxiously as soon as he heard this.
"Several British-funded brokerages, led by the Bank of Baring!" Henry continued.
"Under the leadership of the Bank of Bahrain, these British-funded brokerages are sweeping at a low level and continue to pull down the stock price, among which the Bank of Bahrain has the largest sweep. ”
"Bank of Bahrain swept at a low level?"
Qiao Tianyu was taken aback, now Jonacy Copper has caused panic in the market, and everyone is afraid to escape.
The Bank of Bahrain is leading its doglegs to sweep the market, and such an unusual move can only show one point.
The Bank of Bahrain is an accomplice of Lehman Brothers!
The Bank of Bahrain swept the stock at a low level, providing Lehman with the capital to continue selling, and the two of them threw and ate, continued to pull down the stock price, and acted in embarrassment!
That's right!
The stock in Lehman's hands has finally found its way!
Now that the situation has become clear, shorting Jonasee Copper stock is the joint action of Lehman Brothers and Bank of Baring, and they are the real enemies of Qiao Tianyu's battle!
Only by knowing oneself and knowing one's opponent can one not be defeated.
Once you've identified the real enemy, the next step is to find a way to fight a beautiful counterattack!
"Eh, increase capital and shares?"
Just when Qiao Tianyu was thinking about how to fight back, Henry on the side discovered the "New World" and saw the documents of Jonassee Copper's capital increase and share expansion.
"Joe, the capital increase and share expansion is a major positive relationship, why don't we spread the news to stabilize market confidence, maybe we can stabilize the stock price?"
As if he had found a panacea to save the company, Henry happily suggested.
Hey, this dude, that's so silly and cute!
The market is as simple as he imagined!
"Henry, doesn't David know that spreading the news of the capital increase and share expansion can stabilize the stock price?" Qiao Tianyu asked rhetorically.
"Oh, yes, why?" asked Henry, scratching his head.
"Henry, you remember that whether the capital increase and share expansion is good news or bad news depends entirely on the company's operating fundamentals. Qiao Tianyu explained.
"If the company is booming, the fundamentals are good, and the capital increase and share expansion are used to raise funds, build factories to expand the scale, and expand reproduction, then the capital increase and share expansion is a major good news!"
"On the contrary, if the company is not operating well and is in a recession period, it can only be considered by the market to be in a dying struggle with capital increase and share expansion, which will cause greater market panic at that time, which is major negative news!"
"So, today, before Jonasee Copper's shares are sold off, the capital increase and share expansion is major positive news. ”
"And now, this news has become major negative news! Announcing this news is tantamount to suicide!"
"Oh, I see!" said Henry, nodding vigorously as if he had just woken up from a dream.
Although Henry's suggestion was not reliable, it did dial Qiao Tianyu......