Chapter 204: The Man Who Makes Money and the Man Who Loses It

A plunge of just 4.5 per cent would have made the economy of those institutions quite painful. They chose the former between taking the offer or not.

And that's good news for someone like Flon who wants to ship. Furren was in no hurry to sell all his shares. He pegged the buy order to $60.

He believes that GE will pull the stock price above $60 at least today in order to ensure the confidence of the market.

He has been placing most of the stocks in the sell order, selling a small number at a comparative price to raise funds, and then buying some low-priced stocks from time to time to pull the stock price down. Forcing GE institutions to keep buying stocks to keep the stock price at bay.

Coming back after the midday break, GE's stock price finally returned to the psychological level of $60.

This has given some investors hope. Some small retail investors also felt that the plunge that Link was talking about could not have existed. Fren knew he couldn't compete with GE and eventually stopped. However, by this time, he had sold all the more than 700,000 lots of stocks he had bought in the morning.

Slowly, GE's institutions became the absolute workhorse again, and at the end of the day, GE's stock price rose to $64.3. This price is 1% higher than the opening price, but about 3% lower than the closing price of the previous trading day. However, this price is still within the acceptable range of most people.

But it has also led some to discuss the biggest drop in GE stock this year.

As soon as the market closed, Flon approached Link and told him about today's earnings. It wasn't paper earnings anymore, it was cash that had been deposited into his account.

He did some operations today. Selling all those stocks, deducting fees such as stamping, they made a total of more than $2.8 billion.

Even if Flon had done some fighting. But today's strange luck, as well as a huge profit equivalent to 70% of Stoll's assets, made him quite excited.

He went to Link's hotel suite, went straight to the bar, found a salon champagne from the wine cabinet, and said, "We have to celebrate!"

With three wine glasses in hand, he went to the edge of the sofa and carefully opened the bottle, which made a soft "poof" sound. It seems that although his face is flushed with excitement, he is still very sensible. This is not the case with the bubbles of the champagne that directly uncorked the bottle.

He poured three glasses of wine, gave one to Jessica and said, "Now your sixteen million dollars should be able to get a profit of 40 million dollars, of course, that is before taxes." ”

Jessica had already been excited, but she still smiled and bent her eyes. Of course she was happy to make money. But what made her even happier was that Link won the GE round this time!

She laughed and said, "I'm greedy." Are you going to make more money?"

Fren laughed, handed the other glass to Link, then raised his glass and touched them, saying, "It depends on whether Link still thinks his dream is right." ”

What Fren meant by this was actually asking him if he should do something else next.

Link wasn't sure what to do next. Because he knew that Fren was doing short-term operations, he was worried that his bad luck would affect Fren, and he didn't dare to do any operations. So he didn't find anyone's bad luck.

But he also wanted to be able to continue the operation.

He thought for a moment and said, "I think GE's stock price will still fall to their actual value." ”

Fren heard the familiar words. His eyes lit up and he asked, "You mean that." Can they make that kind of mistake?"

Before the market closed, the stock exchange had already made an investigation report on the collapse of GE's stock price. And the report said that someone made a large amount of mistakes because of choking. The news restored confidence in GE.

Link also hopes that the opponent will continue to make mistakes like that. But he knew it was impossible.

He thought for a moment and said, "It shouldn't be possible." "If they continue to buy at the reserve price, even if they do, the stock will fall to around that price. He didn't think about owning GE stock.

Flon thought about it for a moment, and felt that he was too whimsical. He laughed and said, "I wonder how long they can hold on." I'm wondering if we're going to continue to go short!"

Link thought it could be had. Follow the description of the Vice-Decay God for his enabled abilities. All those who operate the same stock as he will be just as unlucky as him.

Today he was unlucky enough to trigger an operation that he hadn't thought of. As a result, some people made the same mistakes as him.

He only had three days. He thought about it for a moment and decided that he couldn't really make GE's stock plummet. But he can probably also cause some trouble for the other party. Let their share price go down a bit.

But when he heard Flren say that, there seemed to be something in it: "They're running out of money?"

"They must have spent a lot of cash today. Maybe they're sucking in more than 2% of GE shares today. This will definitely reduce their yield. At the same time, they can't have much cash. The interest rate of financial lending is much higher than that of normal borrowing. They may reassess whether to continue to hold so many shares. ”

Link took a sip of champagne and roughly understood what he was thinking: "I don't have a problem. But in two days, if it doesn't work, I think it's time to stop. "Even if he has the help of the vice god now, he is not absolutely sure that he can win, and if he does not have it, he is even more uneasy.

Now Link can see the strength of capital.

If there is not enough money, a company's stock will fall sharply, and the stock price will even plummet. But it took less than two hours for GE to get the situation under control.

Fren thought for a moment and said, "Then two days." Hopefully we'll be able to make some more money. "The money will be temporarily injected into Stoll in his own name.

With this money, he can play with those institutions again. Provided, of course, that the market's confidence is shaken. If not, of course he would be more cautious.

They celebrate with champagne as the winners, while the institutions as the losers are gloomy.

Especially the unlucky guy who coughed up the alveoli and went into shock. As soon as the New York Stock Exchange closed, they gathered for a meeting. 、

In this special session, it is stipulated that the broker must drink water while operating, and it is required that both hands must be kept away from the keyboard.

Those agents are computer experts and don't use a mouse at all. But it was for this reason that they made one of the most unlucky mistakes ever. With this mistake, they lost nearly four billion dollars.

Plus today they have to inhale stocks to maintain market confidence. Their losses will be even greater.

In fact, not only them, but other institutions have also lost a lot as a result. A large number of economic and operator errors almost simultaneously. Allowing GE stocks to have a large trading volume in a very short period of time. In the process, they will inevitably have some losses.

But for others, the biggest loss is because it has shaken the market's confidence in GE.

Under the contract, those institutions are required to sell more than a billion shares of GE. Such a large number of shares can only be slowly put into the circulating market.

But it is clear that today has caught the strings by surprise. If you want to make those big investors buy GE shares with confidence, it is at least a certain low price. And those small retail investors who look at GE's performance today may also be suspicious of GE.

The young man who had talked about Link and the fat man got together again. This time, however, they were in the activity area of a financial company.

Although the stock exchange has closed, their employees are still working. Even through the floor-to-ceiling glass walls, you can feel the gloomy atmosphere outside.

The young man is the owner of this company, but in fact it is just the company he manages. The vast majority of the funds he runs come from other partners.

The young man came here from the office with a gloomy face, and had been running on the treadmill for about ten minutes straight. The fat man, still in a suit, sat on the cushion of a sit-up machine. His expression also lost the confidence he had that day.

Because of today's failure, no clerk wants to come here and stay with the unhappy boss. So it's just the two of them here, and there's no need for them to be taboo when they speak.

"Neil, we have to make a change!" the fat man looked at his partner and was soaking wet in a T-shirt, and he didn't want to stop. He also wanted to comfort the other person. But I also know that comfort has no effect. He thought for a while, and couldn't help but say. "We are already experiencing a shortage of funds in the chain. Unless we go back to the bank to borrow, what will we do tomorrow. ”

The young man still didn't stop, and he gasped as he ran, saying, "We really have to make a change." We no longer have the ability to represent GE contracts. ”

"You're crazy! Did you know that if we default, we're going to have to pay more than $500 million in damages? And we don't have enough GE stock to cover them. The fat man looked up sharply, looking at Neil in disbelief. "If you add in our damn blunder, we could lose more than half a billion dollars. ”

Although not all of that money is theirs, an investment company that can't help people make money can't absorb the money.

Neil turned the treadmill off, and the treadmill slowly slowed down, and finally made a stroll of rotation. The speed at which he ran changed as the speed of the machine decreased, but he still gasped and said, "Claire, you need to know." We already have no capital compensation. Tomorrow, no, maybe those investors will ask for redemptions. We simply can't redeem them. ”

As he spoke, Claire's phone rang. When he saw the number of the phone, his face changed, and he said to Neil, "It's Richard Bergson." ”

Although Neil had a hunch, he was still a little disappointed when it came to the end. Richard Bergson is an investment manager at Citibank, one of their main partners.

His hunch was correct, and the other party called to ask for the redemption of the funds. Citibank has invested more than a billion dollars in their company. If it's just a billion dollars, they can still redeem it, but they know it's just the beginning.

On Wall Street, it's always about going up and down, whether it's for stocks or people. Once someone is seen as a loser, the person will have nothing.

Claire said a few words, and the other side seemed to hang up the phone, and he didn't even have a chance to convince the other party. He looked at Neil, who was wiping his sweat, and said, "I think we should talk to him!"

Neil tossed the towel aside and said with a grimace, "Claire, don't you understand? Putting money with us will only end up losing. ”

"But it's better than nothing. ”

"We certainly can't do nothing. He took a deep breath and said. "Let's go to the bank!"

Claire breathed a sigh of relief when she saw that he had finally recovered that decisive Neil. The most indispensable thing in their company is his partner. "I don't think they may be willing to lend us money," he said. Maybe we can find those private people to borrow money. As long as we get through this time, we can get through it. ”

For financial investment institutions like them, as long as there is still an opportunity, it is not a complete failure. They can do it before, and they can do it later. And they're only in their thirties, so they're still very young. There are opportunities.

"No, we look for a bank. The private interest is too high!"