in the office.

There are only three people: Yun Yi, Chen Xianqiao, and Kang Ye.

Li Jing also went out.

Kang Ye's deep voice sounded in the office, telling the details of the incident.

Chen Xianqiao had told Yun Yi before, but only Kang Ye knew the specific situation.

"Half a year ago, we entered the market with less than $500 million, and we have always tried to be cautious, and all the accounts have made a big detour. So even if our income has exceeded seven times in the past six months, we have not leaked the roots. After all, there are too many people who have made money in the past six months, and although we have more than four billion, it is actually nothing in a big pool.

But just yesterday, the market suddenly changed, in order to accumulate original funds as soon as possible, yesterday we ended up with more than 20 billion US dollars in one day. In the midst of a 10 percent decline, it grabbed two billion dollars in revenue. With such a bold and precise operation, it can no longer be concealed. And we seem to be silently quality inspection out of the big orders, the market giants are unaware of it in advance, which makes them pay attention to it.

Their ability is inevitable, as long as you check, you will definitely be able to find out the layout of our short position at 4800 points, plus our other funds last night, it may take time to touch our roots, but to know that the amount of our funds can be calculated. And through our ongoing capital operation, the budget to our confidence is actually about five billion US dollars, which is more than the seemingly lonely capital caused a huge loss in this plunge of wolf eyes, they urgently need to recover the loss, which is why it happened that the last five minutes of last night were slaughtered. ”

It's obvious. Kang Ye already knew the cause and effect.

At this point, it's simple to understand. Let Yun Yi, who doesn't understand finance, understand.

But he still frowned, since he knew that there would be a problem. Why didn't you prepare in advance?

Yun Yi looked at Kang Ye and then at Chen Xianqiao, but did not speak.

But the two of them already understood what he meant, Kang Ye did not shirk it, he blamed himself with his eyes: "This is my negligence, I should be fully responsible, I could have taken some precautions to avoid it, but I was negligent because of yesterday's victory." ”

Chen Xianqiao also spoke: "I also have a responsibility. ”

Yun Yi, who was not angry before, had an ugly face at this time. Sharp eyes: "Two, the capital market is changing rapidly, our funds are so huge, what does negligence mean?" It means that we can lose all at any time. ”

Chen Xianqiao and Kang Ye lowered their heads, this is an unshirkable responsibility.

Yun Yi closed his eyes slightly, and opened them again to look at Kang Ye: "Why didn't you prepare, I think it can't be just negligence, now that things have happened, we must review the reason." After all, the company has just been established, and there is still a long time to come, and every mistake must be paid attention to in the future. ”

He didn't think that Kang Ye was so aware of the cause and effect of the situation. I really dare to joke with tens of billions of yuan just because of carelessness.

Kang Ye said in a deep voice: "Actually, after today's opening, I am prepared to make a detour again." Re-circumvention can serve as some prevention. But because the company has decided to do it conservatively. We're $5 billion, and we're all reducing leverage. The minimum margin of 30% is guaranteed, and in the operation of the capital market, the direction of short selling has been determined, and the ability to bear risk fluctuations is actually very strong.

It is precisely because of this that I consider that our funds, no matter how much they are hidden, they will not be hidden for long, as long as the market fluctuates, we must participate, and as soon as we show up, we will naturally be known. Therefore, under the condition of ensuring risk tolerance, there is not much difference between hiding and not hiding. Because in the case of not thoroughly understanding our details, big capital should not dare to do anything to us and make enemies.

As the amount of our funds falls with the market, it will accumulate more and more, and even if the root is found out by them at that time. At that time, the general trend has been set, the market has collapsed, and no one wants to rely on their own strength to turn over the collapsed market to eat us, and the risk and return are no longer proportional. That's why I didn't hide anymore. ”

Yun Yi groaned slightly, Kang Ye's reason was obviously not too much.

It's just a little careless, but in the final analysis, it was his own decision that made Kang Ye let down his guard and caused this accident.

However, Yunyi doesn't think that Kang Ye is right, it is obvious that Kang Ye, as an investor who controls tens of billions of yuan, cannot be too careful.

"Mr. Kang, in this case, why did someone still make a move on us in the end, which means that the other party has already figured out our details?" Yun Yi finally put down the problem for the time being and did not pursue it.

Now the main thing is that there is no time to hold them accountable, and the most important thing is to find out the situation, why it is different from what Kang Ye said, and someone attacked them.

Speaking of this, Kang Ye was slightly silent, and until this time, he had not been able to determine this.

If they hadn't confirmed that they only had this strength, how would they dare to do it?

Kang Ye's brows furrowed tightly, and he could only say his analysis: "It's impossible to determine who did it now, because anyone can do it, but in terms of their approach, it's more like a gambler's practice, and it seems to be the behavior of an investment bank that has lost a red eye." And I can't think of any investment bank on Wall Street that would do this kind of thing, the risk has exceeded the investment ratio, this is a joke with the client's money, and the client will not let them go. If it weren't for the investment banks, there would be only a consortium left, but the consortium didn't dare to do it, they invested relatively cautiously, billions of dollars, to leverage the market strongly, which is not in line with their strategy. ”

Yun Yi's brows were instantly furrowed, what does this mean?

Chen Xianqiao spoke, after all, he also understands capital operation, but his eyes were very solemn at this time: "Under normal circumstances, if you want to pull 40% of the handicap, but only bet on our 3 billion US dollars, this situation is either red-eyed or the opponent's doing." ”

Enemies?

Yun Yi shook his head: "We are just getting involved in capital for the first time, where is the opponent, even if the market falls this time, they have suffered heavy losses, this has nothing to do with us, and it won't anger us, right?" ”

Kang Ye's eyes were also very deep, and he couldn't figure it out so far, so he took a deep breath and said: "This can be found out soon, such a big movement, it can't be done by strange capital, now let's not talk about this, let's talk about why they succeeded this time." ”

Yun Yi nodded and picked up the teacup.

Kang Ye continued: "First of all, we can be sure that the nine stocks selected by the other party are all under our heavy positions, and they are all relatively large in the early stage when the market is booming, so once the final collapse, they will also fall the most." That's why we've gathered more than three billion dollars on it.

But it is precisely because of their previous performance that investors have experienced a sharp decline on Monday, but they still have confidence in these nine stocks. Therefore, investors who had experienced panic and cut meat before, at this time, followed the style of chasing the rise and killing the fall, and immediately joined in, taking advantage of the east wind of the market maker, to speculate on the stock price to recover the previous losses.

The skeleton of these nine stocks is relatively not high, the highest price is only $40, and even the low price is only $6, and the plate is not so big. To be long, a one-time increase of more than 30%, under the crazy pursuit of retail investors, the amount of funds is relatively easy. Coupled with this sudden decline, most people panicked, but they didn't really lose confidence.

If there is no mistake in prediction, the biggest short order in the current should be us, so the main pressure on them to pull these nine stocks comes from our three billion US dollars, as long as the opponent is strong enough, choose the last few minutes under the strong pull of big capital, and do not give us the opportunity to re-add margin. As long as they thoroughly provoke the red-eyed investors, they have a great chance of success.

And in fact, they did succeed, in the case of us giving up resistance, it only took less than two minutes to blow up one of our stocks, which gave them confidence, began to further increase capital investment, followers countless, soon burst our other four, we have not cut the meat to escape, the additional margin is not enough to resist the offensive, which makes them confident, the bears have been completely powerless. There are still four stocks left, and we don't even need their funds anymore, so it's hard for us to resist anymore, so that's the root of their success this time. ”

Yun Yi doesn't know much about finance, but Kang Ye is doing this, what he should say is well-founded, but the basic truth Yun Yi still thinks clearly, and said in a deep voice: "What you said is an ideal return, if you cut the meat in advance, we may lose money, but it is only a billion dollars, and they can't make three billion dollars in the end, take such a big risk and pull the stock price to this point, they may not have time to ship, and the stock will rot in their hands in the end, is it worth it?" ”

Kang Ye shook his head and said: "For them, if we cut the meat in advance, it means admitting defeat in advance." In fact, they are more cost-effective, although they only made a billion dollars, but they need less time, less risk-taking, and easily take away our billion dollars, this transaction is absolutely suitable in terms of investment. And they don't rot the stocks in their hands, and we're too shallow to notice that they've actually collected enough penny stocks at the bottom. In the process of really pulling up, when we liquidated the fifth stock, they already judged that we had no resistance.

At this time, many followers have been completely red and began to buy frantically, and the high-priced stocks at this time are actually relatively not too much, and even began to sell these low-priced stocks at a high price, and the receiver is a red-eyed follower investor. In a short period of time, let them take over. And in this process, the profits are already very considerable, and their pressure will be reduced step by step in the process, and in the end, we blow up the position, which is actually the process of buying the high-priced stocks they sold to close the position, and our more than one billion dollars were taken away by them in the process. ”

A fierce color flashed in Yun Yi's eyes, and whoever was slaughtered felt uncomfortable, but he still held back his emotions and said in a deep voice: "They have been pulling until the last minute, can the goods be delivered?" If they can't finish it, they won't worry about the big drop after the opening tomorrow? In the end, you lose money? (To be continued.) )