If human beings are too pure, they are no different from animals. The Feng family and the Zhang family are the two families who have received the most favors from Hong Tao, and they have made a lot of money in the past few years.

But when it comes to business, they still don't recognize people, as long as they hinder them from making money, the king of heaven and Lao Tzu will have to be overthrown, not to mention Hong Tao, a so-called half-immortal.

Contrary to their performance, the Bai family and the Qi family actually didn't get much benefit, and Jeddah simply cooperated with Hong Tao for the first time, but they chose to trust Hong Tao as a person instead of analyzing market data.

It was precisely because of their insistence that the other four families reluctantly agreed to continue to unite around Hong Tao, but not forever, but gave a deadline, only until June. If Hong Tao hasn't found the so-called right time by then, I'm sorry, people can play how they want, and they won't be accompanied.

Hong Tao didn't feel a little chilled by their choice, but was very relaxed. That's right, business is business, don't mix too many personal feelings, the more variable parameters, the more uncontrollable the results.

And these families do have difficulties, in addition to the Ouyang family, the Feng family, the Zhang family and the Yang family are all serious businessmen.

It is true that the amount of funds is large, but the burden is also large, and it is impossible to wait for the so-called prophecy all the time. If the funds do not flow, there will be a lot of losses every day, just like a small cut on the body is bleeding constantly, don't you allow people to bandage and stop the bleeding?

If you want to ask why you have to wait and see, can't you wait for the opportunity while speculating, buying, and selling? When Hong Tao said this, he couldn't help blushing.

Originally, he also designed it this way, and everyone raised funds and combined them into several private equity funds and private securities investment funds according to their own habits and conditions.

Then according to the different ranges divided in advance, what do you like, as long as you don't let the main funds be occupied for a long time, there will be no problems.

It was this seemingly foolproof plan that almost discredited Hong Tao, that is, Diane first discovered the big loophole in the plan and made timely adjustments to save Hong Tao's face.

If the original plan is revealed to various families and plates, it is estimated that they can throw all the high heels on Hong Tao's head, and then take a spit: they don't even understand the most basic shorting rules, so they dare to fool a lot of people to follow you to burn money to play, isn't this a cheat!

Speaking of which, I have to briefly talk about the difference between the Chinese stock market and the European and American stock markets. In the Chinese securities market, it is relatively easy to short, you can even take the stock of a certain company and short the value of the company's shares, and you can also short repeatedly, theoretically there is no limit to the number of times, which is called naked short selling in the industry.

The fee for short selling is the same as for long selling. For example, if a long party wants to push the stock index from 1000 points to 1200 points, they need to pay a fee of 1200. But the bears pulled the stock index back from 1200 points to 1000 points, and only 1000 fees were enough.

European and American stock markets are relatively strict in this regard. If you want to go short, you have to sell the shares of the corresponding company, which is not made by anyone with a pat on the head, but has a theoretical basis: since you are bearish on the direction of the market, you should no longer hold stocks. If you still hold stocks, you shouldn't be bearish on the market, which is very logical.

The advantage of this is that it can prevent malicious speculation and provide maximum protection for small and medium-sized investors, that is, to avoid naked short selling. Prevent large institutions and big capital from colluding together to pit retail investors and harvest leeks over and over again.

Moreover, in the European and American stock markets, the handling fee for short selling is generally about 20% higher than that for long trading. That is to say, you can go short if you want to, but the cost is 20% higher than that of the bulls, which increases the difficulty of making trouble, and protects the market from developing towards a bull market as much as possible.

In this regard, it is very consistent with their basic legal idea, which does not consider completely eliminating a certain illegal act, but will increase the cost of breaking the law as much as possible and reduce the link of human intervention.

The big mistake Hong Tao made in this plan is that he doesn't know that he has to sell the stock first when he is short, it is said that he has also tossed in the US stock market in his previous life, and he has also set off a bloody storm, so he should know the basic rules.

This is really wronged Hong Tao, the European and American legal systems use a common saying to describe that the old lady's footcloth is smelly and long!

It is too cumbersome, too detailed, and no one dares to say that they are familiar with all the rules of a certain industry, and usually several professional lawyers are responsible for one of them, so it is inevitable that there will be a situation of poor consideration.

At that time, Hong Tao and others fought an acquisition war between enterprises, and did not involve the business of shorting stock indexes, and the specific operator was not him. At best, he's a character waving flags and shouting in the foreground to attract the attention of the enemy, and he doesn't know much about the cumbersome operating rules.

The ancients spoke again at this time, and Seon knew whether he was blessed or not. Except for Diane who knows that Hong Tao is a great hammer in the investment field, others don't know the inside story. So as soon as something happened to the New Century Financial Company, they immediately remembered Hong Tao's plan.

It's really a master! Blame you have to let you make an early move, and Hong Banxian has already calculated the best time to make a move. Because there is a time limit for buying a put option, you have to pay a high handling fee, and buying early or late will affect the income.

This is the importance of rules, if it is so easy to short and domestic, the European and American stock markets will not have to plummet every day. The amount of capital in that place is much larger than that of these interest groups in China, and the people of Europe and the United States have to be cut to nothing every day. And then their government is almost finished, don't forget, the common people not only have kitchen knives and stones in their hands, but also N opposition parties are eager to try.

It is precisely because of the existence of these threats that the ruling party has to work hard to improve the rules, and to say that we should not be overthrown.

Theoretically, threat equals motivation. It is not that their government consciously and voluntarily defends basic fairness, but that it is forced to do it, and it is the government itself that dies first if it does not do it.

"Don't buy the one-month term for the time being, buy less for the second month, focus on the three-month put option, and buy more. "Since he has become Hong Banxian again, then Hong Tao is not welcome, hurry up and give an order.

There are really not many opportunities for this kind of yelling, although you can't see a penny, but there are really hundreds of millions of dollars flowing with your tongue in one mouth. This feeling is refreshing, and it is a bit of the meaning of God first, Lao Tzu second.

"Master Hong, I found that two domestic institutions are going long, and the number is still considerable. If you wish, I can come forward to talk to their agent and stop your loss when it's time to stop it, which should improve your position in the country. Now Ms. Feng has become an obedient kitten again, not only obedient to her words, but also thinking about Hong Tao everywhere, her heart is so fine, it is not an exaggeration to say that she is her own mother.

“…… Forget it, their money is not easy to come by, although it is a loss to give the people's hard-earned money to foreigners, but after all, some of it is still returned to the people, it is better than taking it in their hands. ”

"I am also an internationalist spirit, which has transcended the realm of the state and the nation, and has been sublimated. And this group of people is white-eyed wolves, we helped them, maybe we will be blacked out in the future, but if I lose once, the basin will have to be buckled on my head, why bother. ”

At first, Hong Tao was really tempted, Ms. Feng's suggestion is not impossible, and it can indeed help her get out of some difficulties. But Ms. Feng obviously doesn't know the country so thoroughly, and she only saw one of them, but didn't expect the second and third.

In the long run, the farther away you are from these institutions, the safer it is, and there is no cooperation between the two sides in the case of unequal status, and people can make themselves disappear with a little finger.

"That's right, you can't help them, you deserve it!"

"When Conley and Thomas went to Europe the other day, we met and talked about buying a piece of land in Panama and getting an offshore company. Let's find a chance to come out, let Rui Rui's family help take care of the house, and change their identity in a few years, and they are not still free to enter and exit. The first suggestion was rejected by Hong Tao, and Ms. Feng had a second, and she seemed to be more and more concerned about Hong Tao's personal problems.