Merrill Lynch Securities Headquarters, Manhattan, New York, USA, Special Venture Capital Department, GPC

"Boss, today's transaction return has been counted, the IPO special account of Merrill Lynch Securities Center Business Department sold and cashed out a total of 80 million shares of Saturn Auto stocks, the average cash-out price is 3.775 US dollars, Mr. Fit is really amazing, 3 US dollars a share of new shares that no one subscribed for, so that he successfully cashed out at a premium of 25.% on the first day of listing, and if the cost and transaction costs are removed, the IPO special account has withdrawn a total of 300 million 200 million funds......"

Mannie stood at the boss's desk and reported the statistical results, muttering in her heart that if the G3 Fund hadn't started to short sell Saturn Auto shares in the afternoon, I'm afraid Chambers Fett would have been able to sell more Saturn Auto stocks, in fact, the G3 Fund was just a small test, "The G3 Fund shorted 45 million shares of Saturn Auto in the afternoon, The average short selling price was $4.925, and the Saturn Auto stock price closed at $4.250 at the close, and the G3 fund had a floating profit of $30 million today, of course, because it only shorted 45 million shares for a total of $22,275. ”

"Boss, the cumulative volume of Saturn Motors today is a staggering 220 million shares...... According to the return of the floor trading, Goldman Sachs bought 65 million shares of Saturn Motors before and after, Salomon Brothers and Morgan Stanley bought and sold Saturn Motors shares hedged flat, but obviously the price of buying high and selling low suffered a loss, if the G3 fund continues to lend securities before the close of the short selling, I am afraid that Goldman Sachs will not be able to eat and walk, now their average cost of 65 million shares is 4.000 US dollars, a single-day floating profit of 6.25 percentage points! That's the rough picture......"

"Hahaha, yes, it's about the same as my own scribbled calculations, it seems that the vice president of investment at Goldman Sachs still has two brushes, knowing that the tray under $4 swept away the chips of Morgan Stanley and Salomon Brothers, this is good, I have to blow the Triple Alliance, Dominic said that the exchange assistant saw the three investment department bigwigs gathered in Goldman Sachs' exclusive box on the second floor, I thought they were monolithic, and today's battle situation is obviously a few happy and a few sad......."

Before Jiang Yelin's words fell, the phone on Mannie's desk at the door rang, and the freckled assistant pressed the secretary's shoulder on Jiang Yelin's desk to pick up the phone, and the voice of the big boss Gordon Geko came from the receiver, "Mannie? Get your little boss to come to my office, right now, right away! ”

"Boss, the big boss is looking for you to go to his office...... I heard what seemed to be Mr. Chambers Fett's voice on the side...... "The freckled beauty whispered, Jiang Yelin was stunned when he heard this, and looked at the table below, Nima is not yet half past four, and the usual meetings start at five o'clock, what is this?" If it weren't for the fact that he was short selling and causing a dive, the stock price of Saturn Motors might be showing off above $5 at this time, which is very encouraging, right?

"I'll go to Mr. Geco's office, you can leave first after work, I don't have anything to do here......" Jiang Yelin hurriedly took care of it, picked up the sticky notes and red and blue pencils as usual, and left his office quickly, unlike the central business department on the 16th floor, Jiang Yelin, the newly established special venture capital department, directly arranged a new office space on the 34th floor of the headquarters, in fact, you can go out and turn a corridor to get to the GPC president's office, As one of the top five in Merrill Lynch's power list, Gordon Geko has clearly given his newly discovered wonder boy unlimited room for future development.

Just kidding, not to mention the growth of the G3 fund's unnatural performance, let's just say that it leveraged billions of dollars in investment and securities lending agreements, and the Saturn car was listed and the stock price soared by 41.66% on the first day, with this vision and ability, the office on the 34th floor is definitely a well-deserved thing.

"Boss, don't you have to go to the Saturn car first day celebration party, why do you still have the time to come back and give us a meeting?" Jiang Yelin's first sentence when he stepped into Gordon-Gaico's office was a joke of his boss, but his boss pretended to sneer and said, "Yes, a large group of people from the New York Stock Exchange, General Motors, Saturn Motors and Merrill Lynch headquarters are waiting for me to host the celebration reception, and you smashed the stock price of Saturn Motors from $5 to $4, why didn't you ask me for advice beforehand?" If it weren't for Chambers and me being a little bit of a sneak peek, my boss would still be in the dark, would you say that? ”

Jiang Yelin scratched his head when he heard this, and turned his eyes to Chambers Fit, the face of the general manager of the central sales department was full of smug smiles, and no one was willing to subscribe for the Saturn car stock of $3 a share. The average cash-out price of $3.775 was sold at an average cash price of $3.775, which was a great joy for Merrill Lynch anyway, and of course, it is not yet known whether the SEC will track down the so-called insider trading and stock price manipulation after the fact, but the rise in the stock price of Saturn Motors on the first day of listing cannot be regarded as a good thing for Merrill Lynch anyway.

What made the Saturn auto stock price soar from above $4 to above $5 was Goldman Sachs, Morgan Stanley and Salomon Brothers, who bought Saturn auto stocks in large quantities, to say that the crime of manipulating stock prices can be deducted from the heads of Salomon Brothers and Morgan Stanley, who bought high and sold low and suffered a big loss, if not for the manipulation of stock prices, I believe that no one will choose to buy high and sell low, the only flaw is that Salomon Brothers and Morgan Stanley obediently admit compensation after being sheared, Otherwise, they still have time to buy back the low-cut stocks above $4 before the market closes, but Morgan Stanley and Salomon Brothers, who have lost confidence and messed up, obviously don't have such courage!

"What's the use of staring at Chambers, you haven't answered my question, why did you start selling Saturn auto stocks above $5? Isn't it good for Merrill Lynch to rise a little higher? Of course, after learning that the rise in the morning and the surge in the afternoon had nothing to do with the G3 fund, Gordon-Geko also lost his judgment a little. Then it's time to sell short instead of buying and push up the stock price, right? The only explanation is that the other party needs to suppress the Saturn Auto stock price in the future......

"Two Bosses, for Merrill Lynch, the 900 million shares of Saturn Auto shares held by the underwriting at the floor price is a time-bomb, and only 125 million shares of the 200 million shares actually left the IPO special account of the 200 million shares, and the rest are all intraday traders T+0 short-term arbitrage to get out of the trading volume, the advantage is that the first day of Saturn Automobile's stock price table xiàn makes Merrill Lynch a discerning hero rather than a bear, the disadvantage is that the single-day surge in stock prices will cause the suppression of profit-taking, Especially after our opponents get a share of the chips, they will have more and more influence on the stock price......"

Jiang Yelin sat on the sofa chair and took out the cigarette to signal, Gordon-Geek Yang raised the cigar cigarette in his hand that had not been lit, Jiang Yelin took out the cigarette in the Kent cigarette case, but did not light it, but just sniffed it under his nose, he knew that his answer would definitely not satisfy Gordon-Geko, sure enough, the president of GPC narrowed his eyes and stared at Jiang Yelin for a long time, but he still shook his head and said, " Chambers said that today he could have cashed out at least 150 million shares of Saturn Auto stock, but because of the short selling of G3-based financial bonds, he ended up running only 80 million shares...... What exactly do you want to do? ”

"Boss, I looked at the transaction returns, Mr. Fit's central sales department sold Saturn cars at an average price of $3.775, which is certainly a great achievement, making a profit of 25.8 percentage points for Merrill Lynch, but I personally believe that Saturn cars are the highlight of our operations this year, so $3.775 should never be our target price for cashing out, I personally think that since Merrill Lynch underwrote 50% of the Saturn shares for $3, I hope that by the end of this year, we will not only recoup the $3 per share of underwriting, but we will also continue to hold 50% of the Saturn shares, so that it can be considered a beautiful victory! ”

Jiang Yelin's words made the president of GPC and the general manager of the central sales department both smack, Nima means that Saturn cars will be sold for $6 per share, and then bought back when it falls back to $3...... This means that Merrill Lynch has to make 100% of the Saturn Automobile, that is, the stock price has to be doubled, and it can't be as simple as doubling......

"Django, I think your appetite is too big...... For Merrill Lynch, the first step is to sell and cash out at the highest possible price above $3, and the $30 million earned by the G3 fund today is actually equivalent to digging the corner of the income of the Chambers IPO special account, if the 45 million shares are not you short selling but Chambers from the IPO account to reduce holdings and sell...... Then 125 million shares of Saturn will be cashed out today! Gordon Geck's words were almost the same as Chambers Fett's original words when he complained in front of him before Jiang Yelin entered his office, and in fact, it seems to be true!

"Two bosses, in fact, I have already said, the average price of 3.775 US dollars is definitely an underestimation of the potential of Saturn Motors, to make the stock price of Saturn Motors run on the trajectory we expect, the important thing is not how much money is in the operation, the important thing is how many chips in the hand, the chips are like atoms-bombs, we grasp the bulk of the chips, and control the future direction of the stock price, in the case of the stock price of the three major automobile listed companies falling below the net assets per share, The bright pearl of Saturn has just begun to shine, and we don't need to rush to sell the stocks in our hands! ”