Chapter 400: Tug of War (Page 1/1)

As long as there is enough money, one person can also raise the stock prices of two listed companies, and Su Mu used his own practice to profoundly express the meaning of the word "wealthy" for people.

As soon as he announced his increase in holdings, he immediately began to sweep the liquid stocks on the market, releasing news that he would increase his holdings of stocks worth one billion US dollars, OO and Bee, with a total market value of more than 60 billion US dollars.

Considering that Su Mu has spent a lot of money on his recent investment, the bears think that it is reasonable for him to only come up with a billion dollars to save the market, so they did not back down, but took advantage of the victory and used more money to short the stocks of these two companies!

In the same day, the size of the short quickly exceeded 5.5 billion US dollars, and many people on Wall Street were like sharks smelling blood, swarming to try to cut the flesh from Su Mu's body together, which is probably one of the reasons why Wall Street is notorious.

The situation developed into Su Mu alone, singled out those short speculators, shareholders in addition to dragging their feet, did not help Su Mu much, taking advantage of his repurchase of shares, to join in the excitement to sell stocks, so that the day's trading volume increased by 13% compared with the previous day!

The bears were selling, and Su Mu was buying, and on the same day, OO's stock price rose by 4.1 percent, and Bee's stock price rose by 3.6 percent, at the cost of spending more than $690 million in just half a day, in exchange for stock holdings.

The next day is key.

Considering that Sumu will spend more than $300 million to buy back, and they can continue to short when the money is burned out, only a very small number of bears choose to stay on the sidelines, and several major speculators, including Mr. Jim Rogers, intend to invest more money, according to their plan, they should make at least 15 to 20 percent to be satisfied.

In their opinion, the stock prices of OO and Bee are seriously overvalued, and these more traditional VCs just don't want to believe that OO and Bee can really make so much money in the future, while Su Mu is just the opposite, he believes that in the long run, the market value of these two companies is seriously undervalued, and there is great room for growth in the future!

As soon as the market opened the next day, it was lively, and the bears did not suppress the stock price, but instead raised the stock price of OO and Bee, presumably to make Su Mu retreat and increase his repurchase cost.

However, Su Mu is not a fool, he is not in a hurry at all, anyway, it is those people who are short, and the stock price has risen for two consecutive days, which means that those bears who entered the market the day before yesterday and yesterday have already lost a lot, and they are not in a hurry at all, allowing the market to digest freely.

There are many shareholders who sell, and there are few people who choose to take over with Su Mu, and it didn't take long for the stock price to start falling again, with a short order with a capital scale of up to 80 million US dollars, the stock price was smashed back to yesterday's low, so Lao Sam shot again to help Su Mu buy back shares.

Time passed little by little, Su Mu's funds became less and less, and just half an hour before the market closed, Mr. Jim Rogers increased the amount of short positions again to test it, just let the stock price go down, but he didn't expect to suddenly kill another amount of money and eat those penny stocks in one fell swoop.

At the end of the day, the stock price turned green, up only 0.1 percent from yesterday's closing price, but it frustrated the bears' idea of smashing the stock price down.

Speaking of which, in fact, the Nasdaq index should not have fallen so badly, mainly because investors lost confidence, so it caused a chain reaction, causing it to fall again and again.

Su Mu was in the city, so that the calculations of the bears were in vain.

As far away as Wall Street in New York, Mr. Jim Rogers threw a party today in the name of the Cigar Salon, attended by speculators who had recently shorted the two companies of Sumu.

There were more than 10 people at the scene, and a total of about 3.4 billion US dollars were hung up, which is not a small number, and the atmosphere is a little heavy.

Old Rogers broke the deadlock in a neutral voice: "Why are you showing such an expression, we have succeeded, haven't we? The stock prices of these two companies are falling, and a bubble is a bubble, and it will always be unsupportable!"

The UK is investigating his company, and we in the United States are about to investigate these two companies, and when the follow-up news is released, the stock price will definitely fall further, it's time to use our relationship, miss this opportunity, it will be difficult to do it again next time, and Lyon will definitely not invest all his money in these two companies!"

"How do you know? Why do I think Leon is using us to buy the outstanding shares of his company at a low price?"

His worries, which are also the worries of several other investors, clearly said that it would be a billion dollars, but the huge amount of money from unknown sources at the close of trading today, they always felt that it was still from Su Mu.

Some of them have already made a little money, counting the handling fee can not make much, seeing that Su Mu's hand is too big, and he really used cash to protect the company's stock price, he has begun to retreat, mainly because the situation is uncertain, and even the news from Washington has not had much impact, and they feel that maybe they have really fallen to the bottom and are about to rebound.

The most worrying thing is that there is no panic brewing, and the market has been injected with a dose of strength by Sumu's buyback move, and the vast majority of shareholders are not worried about the sharp fall, but think that it will rise.

In this case, it is almost impossible to make a big fall, and the recent move to smash the market has turned into a good thing for Su Mu, who repurchased a billion dollars of shares at a price four to seven percentage points lower than the original, as long as it rises back to the level of the previous days, this is a profit of tens of millions of dollars.

Jim Rogers shook his head quickly and said, "No, no, no, no, the crisis hasn't gone away, how could he be willing to invest so much money?"

Another continued: "But...... Lyon, who has been using a lot of money lately to start buying the bottom, apparently thinks the bubble is about to be squeezed out and a rebound is imminent, according to what he told the Wall Street Journal. ”

Mr. Rogers is old, he doesn't know the Internet industry thoroughly, and he has a preconceived idea that Silicon Valley is all liars, and Mr. Buffett does a better job in this regard, because he doesn't understand, so Buffett doesn't come to invest in the Internet industry, even if it has been rising in the past few years, he has not seen the Berkshire Hathaway company he manages to invest.

In fact, Buffett personally said to Su Mu that he regretted that he was not bold at that time, and had already sent people to contact Intel and Microsoft, but in the end he could not make up his mind to invest in them.

And Mr. Rogers probably misjudged the situation this time, because Su Mu was already satisfied and was ready to teach these shorts a lesson, so he asked the family charitable trust fund to draw out three billion dollars of liquidity, trying to raise the stock price tomorrow and completely trap those shorts......

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