"Will Hals and Coroford Fund already cash out the shares?" asked Julian Robertson, surprised and disbelieving. Pen "Fun" Pavilion www.biquge.info

"Boss, yes, it's almost cashed out. His subordinate replied.

Unlike Li Mo, these funds have more funds, deeper backgrounds, and more powerful forces, including various intelligence agents, and they also dare to operate unscrupulously according to regulations, including secretly colluding with some companies and inquiring about insider information.

Li Mo's investment in the Japanese stock market this time has already made Robertson inquire about it, at least the approximate amount, the time and funds for entering the market, basically let Robertson inquire about it.

Li Mo's disobedience made him very angry.

In his plan, there were two ways to deal with Li Mo.

One is that when Li Mo cashed out, he immediately sold a large number of stocks, suppressed the stock price, and forced Li Mo to stop cashing out. If this is the case, Li Mo's funds will be limited to death in the Japanese stock market. Before the stock market crash, the rise to the collapse was actually very fast, often two or three days, or even only one day, with the number of stocks in Li Mo's hands, at that time, it was not easy to sell in time. The capital limit is dead, and the shorting has nothing to do with Li Mo, and Li Mo's wealth is equivalent to evaporating. Before evaporating, his wealth is equivalent to supporting the Japanese stock index to rise to a high level for the Tiger Fund in disguise, which can make the Tiger Fund bears earn a larger spread.

The second is that Li Mo thought that he had made enough, he sold a large number of stocks, Robertson then followed the selling, and Li Mo continued to sell, then the Japanese stock market will form a short-term plunge, so Li Mo will inevitably short, and then he quickly uses a large amount of funds in his hand to absorb stocks, the stock index rises, and then absorb the short orders thrown by Li Mo, so that Li Mo loses even more.

However, there is a premise, this must be at the peak of the market's pressure, at least it seems that the stock index has not risen much, so that Li Mo can cash out and steal more wealth from the stock market first.

In fact, Li Mo also planned to do so, but because of Xiangjiang, he changed his plan.

Is the Japanese stock market at its peak right now?

Li Mo cashed out a lot of stocks, but did the Japanese stock index fall? No. It means that the pressure line is still far from being reached.

Now there are many names on Li Mo, but there are only four titles, which are recognized by everyone, geniuses, writers, financiers and entrepreneurs.

As a qualified financier, can you do this?

Robertson thought for a long time and didn't understand, and then he asked, "Is Lee in Japan?"

"Boss, he's gone back to the mansion he just bought in San Francisco. ”

Robertson was suspicious of the information sent by various departments, and the first thing he thought about was that the stock markets of various countries, including those in Europe and Central and South America, were normal. Either Wanwan is abnormal, but he has the same mind as Li Mo, the volume of the Wanwan stock market is a little small, and it is a little inconvenient for funds to enter, there is a lot of hot money pouring over, but it is not suitable for him and Li Mo to pour in such a huge amount of funds. Xiangjiang also thought about it, but he passed by......

He couldn't figure it out, so he thought of various futures, and there are many kinds of futures, not only stock indexes, but also currencies, oil, rubber, soybeans, corn, beef, ores, ...... As long as it is material, it can basically be developed into futures.

But in the same way, there are actually not many types of futures suitable for this huge amount of money in Li Mo's hands.

It seems that these futures are also normal.

Li Mo's withdrawal made Robertson distressed.

The first short order fell.

There are generally four operating methods for stock index futures hedging, spot hedging, intertemporal hedging, inter-market hedging and cross-product hedging.

It can also be a little more complicated, for example, at the end of this year, the Japanese stock market rushed to 38915 points, and the market began to be full of short orders, and there is another model, that is, option hedging. Anyway, in Li Mo's words, everyone can play how they want to play to death...... These short stock index options fell into the Japanese insurance industry, but because of the large volume, the Japanese insurance industry felt a little overwhelmed, so it was sold to Goldman Sachs, which in turn resold to the Kingdom of Denmark, which in turn sold to ordinary buyers. Unexpectedly, the warrant immediately sold well in the United States. As a result, a large number of U.S. investment banks followed suit, and the Japanese stock market couldn't bear it and collapsed. Due to the large number of short orders and short options, some cannot be cashed, resulting in empty orders floating on the market in 97.

Li Mo is not so complicated, it is a simple and crude intertemporal hedge.

That is, Li Mo designated a day, he made a short order, the stock index fell, Li Mo made money, the stock index rose, and Li Mo lost money.

Previously, the three major funds officially used Li Mo's shares as collateral in accordance with the contract they signed with HSBC, and this day was the 8th, which happened to be the opening of the market on Monday, that is, from today to the 8th of the next month, the total number of loans was 2.4 billion US dollars.

If Li Mo earns this time, he will have to pay 7% of the next month, or $168 million in interest.

If HSBC hadn't been greedy, it would have made at least more than $100 million.

If Li Mo loses money and can't redeem the shares, then he can only redeem part of the shares discriminately, and the rest is HSBC's.

Subsequently, the three major funds used this fund to release a large number of short orders, and the leverage ratio was not high, only five times, but due to the large amount of funds, the total amount of this short order was not small.

The date is June 1st, that is, the fourth week of Thursday delivery, a total of 25 days, of course, if the Hengfeng stock index rises to more than 3,900 points, Li Mo has no funds to make up the position, and the position is liquidated, and Li Mo will lose nothing.

But this is about impossible.

Although the stock market in Xiangjiang is generally recovering, because Li Mo is only doing five times leverage, it is impossible for the stock index to explode to more than 660 points in 20 days.

However, because Liu Xiangzhong leaked the news in advance, it also aroused the disgust of many wealthy businessmen in Xiangjiang, your little lover and a few gangs have nothing to do with us, but what do you think of us as Xiangjiang?

The more they looked down on the wealthy businessmen in the mainland, the more disgusted they became.

And HSBC is also tempted this time, the main Xiangjiang situation is better in all aspects at the moment, as long as it succeeds in eating this empty order and does not let the market cause panic, Li Mo will die. HSBC didn't want to eat all of Li Mo's shares, but with proper operation, there was no problem in eating half of them.

Needless to say, Microsoft's shares with Cisco, for example, Microsoft, Li Mo pledged $120 per share to HSBC, how much is Microsoft on the market now? Moreover, many of the shares are still valuable corporate shares.

The company's shares are not bad, any company has the qualification to be listed, and in the hands of HSBC, it can be listed to further make money after a little operation.

Therefore, HSBC has secretly attacked.

This can be regarded as a small feast in Xiangjiang, Li Mo has a lot of money, but there are too many people who can start it, so for everyone, it is equivalent to only eating a small piece of biscuit.

But with so many people starting, with a little operation, the stock index will be able to rise.

Besides, what does HSBC mean to Hong Kong now? It controls the economic lifeline of the entire Hong Kong.

They all took the lead, not to mention the others.

So this empty order floated out, and in less than half a day, there was not a single empty order on the market.

Many shareholders who don't know the truth are still inexplicable, and the empty orders disappear.

On the 10th, the second tranche of money rolled in.

There are several funds that have entered the Japanese stock market, including nearly 1.1 billion yuan for Li Mo himself, and 300 million yuan for stock mortgage.

In partnership with Microsoft, 400 million.

Several funds have absorbed 1.8 billion retail investors.

Mortgaged 1.1 billion for the second time.

The white card absorbed a little more than $200 million, and mortgaged more than $100 million for the second time.

The income also varies, the lowest batch of funds, including the second mortgage, the highest income after tax deduction is almost 2.8 times, and the less is also two and a half times. Last spring, the amount of funds in the white card was 1.5 times as much, and only 1.1 times as little.

However, Li Mo withdrew a lot of funds one after another, including the laboratory in the magic capital, Li Mo withdrew 200 million US dollars, and as the situation has not deteriorated, he has to buy some advanced instruments and equipment. Last year's donation cost more than $100 million, as well as Qualcomm's $100 million, Yibao's nearly $300 million, not counting the stock redemption, that was the operation at the end of April, and a lot of money has been made.

Even if Li Mo withdrew a lot of funds, the funds in Li Mo's hands swelled to nearly $2.4 billion. This is something that Hao Like has always disagreed with, if Li Mo does not withdraw the funds, then these funds can swell to four billion dollars at this time, or even more.

Because this money was the first to enter the Japanese stock market, Japan had not yet come out of the shadow of the 87 stock market crash.

In partnership with Microsoft, Li Mo did not use it, and it became more than 1.4 billion points. The retail investors have nothing to do with Li Mo, and Li Mo can't move anymore, and it has become more than 500 million US dollars. The number of retail investors in the white card has become more than $450 million.

Therefore, Robertson was very moved after finding out the funds controlled by Li Mo's funds through some illegal operations. So much money is enough for him to use his wisdom to do it.

But now Robertson is dumbfounded, Li Mo has withdrawn, how to eat it?

Under the joint operation of wealthy businessmen in Hong Kong and HSBC, as well as various public opinion propaganda, the stock market began to rise rapidly.

It turned out that the Hang Seng Index had just broken through 3,300 points and quickly rose to 3,370 points.

Nearly 4.8 billion US dollars, the 10th entered Xiangjiang.

The people of the three funds reported the situation to Li Mo, and on the 11th, these funds turned into short orders and re-entered the market, and this time it was not five times leverage, but ten times leverage.

First, the pledged funds entered the market, and then the funds brought by the Japanese stock market entered the market, and in this way, Li Mo's own income will be reduced a lot.

But it can't be the other way around.

The reason is simple, without the attraction of these shares, not all short orders may be filled. Drag it out, and the empty order can only float...... After all, the Xiangjiang stock market is not a Japanese stock market, and it can only be said that its current volume is slightly larger than Wanwan.

On this day, under the operation of all parties, the index once exceeded 3,400 points at the opening of the market. A huge number of short orders smashed down, smashing the stock index back to 3,350 points.

Many Xiangjiang people have also been blinded, especially those who know the inside story.

At this time, there were not many super-rich people in Xiangjiang, such as Bao Yugang, Li Jiacheng and others, but billions of dollars of family property, if Li Mo dared to announce his wealth, it can be said that no one in Xiangjiang had as much wealth as him.

How much money does Li Mo have in his hands?

Many people can't help but think about it.

People from all walks of life are on the phone, and the amount of money is a lot, but can it be compared with the whole of Xiangjiang? Besides, HSBC is afraid of a ball. So in the afternoon, these empty orders were eaten one after another. At this time, the stock index fell to 3,320 points.

On the 12th, under various regular operations and various illegal operations, the stock index rose to more than 3,420 points at the close. This made many people rejoice, Li Mo's first short order is not easy to blow up, even if they join forces, it is impossible to rise the stock index to nearly 4,000 points in 20 days. But with proper operation, it is still possible to rise to 3,700 points. That is, Li Mo's second and larger funds were liquidated by them.

It's not a liquidation, Li Mo doesn't care, because Li Mo is not bankrupt yet, and he must close the position, so he drags it down, and drags the first investment into the Pacific Ocean.

But the strange thing is that the people from the three funds put these empty orders out, saw that they were closed together, and then left alone, and the people from the two venture capital funds in the United States all returned to the United States. It's as if they've made an insignificant deal......