Chapter 323: The Big Problem

The third branch of the Merrill Lynch Center Business Department, World Financial Center, Manhattan, New York

"Marbury, according to my mysterious formula, I predict that GE's stock price will rise by at least another 75 cents before the close of trading today...... You just take a good look at it......" Jiang Yelin said and sat back in his chair, picked up the phone on the table and began to call the floor trader in charge of the central business department of Merrill Lynch Securities Company, "This is the third sales department, I am the junior salesman Ye Django, the internal broker code is GT9527, the certification code is 2635, how is the order situation of GE now?" ”

After waiting for a while, the voice of Merrill Lynch's floor trader assistant on the New York Stock Exchange came from the receiver, "GE's highest bid price is 84.25 cents, and the lowest selling price is 84.30 cents...... Dude, you have to think clearly...... "Okay, I'll report seven accounts to you, whether it's a fund or a bond or a stock in the account, all of them will be cleared at the market transaction price, and then start buying GE, Buy 9,000 shares in the range of 84.35 to 84.40, up to 84.55 and buy another 9,000 shares, in addition, short sell these 18,000 shares at 84.95, and sell another 18,000 shares in the range of 84.95-84.85, now there is still half an hour before the market closes, which is enough time for you to trade! Jiang Yelin's pronunciation is very standard, this is to facilitate the opening of the transaction assistant and submit it to Merrill Lynch's resident traders for trading, the U.S. securities market adopts a market maker system, Merrill Lynch is also one of GE's market providers, and the number of 18,000 shares bought is not a problem at all.

As the third most popular blue-chip industrial stock in terms of market capitalization, GE's trading is quite active, with daily trading shares ranging from 10 million to 18 million shares, and GE's nominal turnover rate of 858 million shares is roughly between 1.5-2.2% per day. Otherwise, less than 10% of GE shares are actually in circulation.

Marbury looked at Django making a phone call in front of him, and was a hundred surprised, Nima, this kid is too bold, he just got 800,000 funds in 7 accounts a second ago, and he dared to buy GE after selling all of them as soon as he turned around, GE was opened by his family, so he dared to bet so much? It's insane! In any case, the efficient operation of Merrill Lynch floor traders quickly paid off, and the public account of the third business department got 18,000 more shares of GE, and the average purchase price was 84.42!

After receiving the trader's transaction return, Jiang Yelin began to make a second call in front of Old Wood, who rushed out of the office, and Mannie and Marbury, who were also shocked, and hung up after dialing several times, and actually dialed the audience hotline of the New York Radio FM 77.7 stock market talk channel, "Hey, host, I am a loyal listener of your program, I just heard that I saw a news in the Wall Street Journal that GE would fully acquire the original 50% control of Sweden's Saab Motors, and also said that the merger and acquisition would be successful." , which will increase GE's consolidated financial results in the first quarter by 0.65 cents per share, why does it sound so exciting? Is this news reliable? Otherwise, why would GE's stock price rise so much today? Okay, without further ado, I'm going to have to buy 100 shares of GE and put it ......."

Jiang Yelin didn't wait for the host on the other end of the phone to ask, pinched his nose and finished the call in a completely unfamiliar tone, and hung up the phone directly, and Marbury, who was quick-eyed, had already amplified the volume of the radio on the desk. After a busy tone, the host's helpless voice came from the radio, "It's a pity that the loyal viewer of this program just now hung up the phone, maybe he is in a hurry to call the broker of the securities company now, 100 shares of GE stock...... We were surprised that GM is the 50% owner of Saab Sweden, but that's okay, let's take a look at what GE's share price is now. Okay, my computer screen on the broadcast station shows that GE's trading stock price is 84.48, which looks like a symmetrical and auspicious number, GE is the first stock in the industry and a big blue chip, and the daily trading volume is about 10 million to 15 million, so the anonymous viewer just now, in fact, you don't need to worry, let alone 100 shares of GE, it is 1 million shares of GE, as long as you have enough funds, you won't be unable to buy ...... because you missed the time" "Okay, Now let's take a call from an enthusiastic viewer...... "Hey, host, I'm an avid viewer from Fairfido, Connecticut, and of course I'm on a business trip in New York right now, and I've always liked your style of show, and to be honest, listening to those brokers' analysis of the stock market, bonds, and the economy, might as well turn on the radio and lock the channel at FM 77.7......

In the East, I heard that this frequency is synonymous with eating, eating, or buying, GE to buy Sweden's Saab Cars? Shouldn't it be GM? Is your source reliable? It's no wonder that GE's trading volume has increased today and the stock price has rebounded...... It's rebounded by 60 cents, so I don't want to say anything, I have to call the broker quickly and grab 100 shares of GE's private money! “

The second enthusiastic viewer on the radio who claimed to be from Connecticut was obviously an enthusiastic viewer of GE, and the radio host, who was known for his saliva, was a little overwhelmed by the phone call, and muttered after a while, "Okay viewers, thank you for your enthusiastic call, now the hotline is bursting, an advanced advertisement, and we will take a look at the familiar star stock later, what happened!" We have to remind investors once again that GM General Motors is the owner of 50% of Saab's shares, and as for GE General Electric, they do not have an automotive business! “

The radio turned to play advertisements, and in the office of the third branch of sales, Jiang Yelin put down the telephone receiver, yes, just now he played the role of an enthusiastic audience from Connecticut again, but the tone of the voice was completely the tone of a middle-aged country man in his 40s, and this qiē happened in front of Old Wood, Mannie and Marbury, if it weren't for the fact that this small office was not noticeable in a corner of the hall, The Asian junior salesman who mimics various accents and tones of speech is about to be the center of attention! "You're crazy, Django, you're insider trading, you're violating securities laws, you're misleading investors, you're so daring, you're crazy!" Old Wood pointed at Jiang Yelin's trembling words and said that it was not good, Marbury quickly got up and ran over to close the glass door between the third business department and the corridor, and then turned around and looked Jiang Yelin up and down as if he had discovered a new world, as if he knew this person for the first time, and Mannie had already pointed to GE's market display on the computer terminal and exclaimed, "GE's stock price has begun to rise rapidly, and the transaction is also sharply enlarged, and now it is 84.60, 84.62, 84.66.84.72, okay and began to fall, But the volume continued to expand, with 500,000 shares traded at 84.68, and now at 84.66, 600,000 shares traded, and now it has risen again...... 84.72 up...... 1.2 million shares traded...... 84.74、84.86…… 84.98……“

Manny has worked at Merrill Lynch for 6 years, although in the position of secretary and assistant, the broker license is not the threshold for her practice, but this does not mean that the girl does not understand the stock market, GE's stock price rebounded from 84.25 in the afternoon, all the way to 84.98, and GE's stock price was only 84.01 when the market opened today, which means that in less than half a day, the stock price of GE, the third largest constituent stock of the big blue chip and S&P, soared by 1.16%.

At this time, the Merrill Lynch trader's assistant on the New York Stock Exchange reported the transaction of Jiang Yelin's previous short selling order by phone, and due to the rush of buying orders to push the stock price higher, Jiang Yelin bought 18,000 shares of GE at an average price of 84.42, and closed his position at the price of 84.95 as he wished, and at the same time turned to short sell 18,000 shares of GE at the price of 84.96......

If GE's stock price continues to rise, Jiang Yelin's previous earnings from trading 18,000 shares of GE will give back profits due to short selling, and even if the position is not closed in time, not only will the profits be completely reversed, but even losses will be generated. "Hey hello host, I listened to your program, fifteen minutes ago I bought 100 shares of GE at the price of 84.50 through the broker, and now these 100 shares of GE have earned me $40, I called to say thank you, in addition, I want to know whether the news of GE's acquisition of Saab Motors is reliable, is GE going to rob Saab Motors with GM?! You must know that in today's newspaper, when a serious fire broke out in the factory warehouse of a large company in Fairfido City, I, a senior shareholder of GE, really sweated for my account, and of course it has disappeared now...... Thank you again! “

When Jiang Yelin put down the telephone, Old Wood and Marbury looked at him like ghosts, and even felt a little chilling, but Mannie looked at Jiang Yelin excitedly, her eyes were full of adoration for the little star, Jiang Yelin grinned at the three of them, picked up the phone again and dialed the trader's assistant who was in charge of the transaction of the third business department in the venue, "Hi, Dominic, or me, the third business department GT9527, the previous transaction price is very good, thank you, I estimate that the stock price of GE will start to fall before the market closes, and the 18,000 shares of GE that are short-sold in the public account of the third business department, please help me close the position at a price of no more than 84.25, yes, close all of them, and re-buy 18,000 shares of GE before the market closes, and the price does not exceed 84.30! Thank you bro! “

Jiang Yelin's radical style of turning over the clouds and rain made Marbury and Old Wood stunned and didn't know what to say, if the unpredictable prophet is a special function and an impossible luxury that all investors dream of, then today, in this small office of only 300 square feet, people in the third business department except for Phoenix can be regarded as having seen how the rumors were created and affected the market.

With the clarification of the non-existent Saab acquisition by a spokesperson for GE headquarters before the market closed, the stock price plummeted to 84. The position of 05 was fixed at 84.12 at the close!