Merrill Lynch Headquarters, GPC Special Ventures Department, World Financial Center, Manhattan, New York, USA

Today is the Wednesday of the third week of February, and it is also the moment when Saturn Motors stock officially debuts on the New York Stock Exchange, representing Merrill Lynch's GPC President Gordon Gecker and General Motors' Chairman Owen Bieber, President and CEO John Francis Smith Jr, and Saturn Motors executives officially ring the bell on the New York Stock Exchange for the listing of Saturn Motors.

Chambers Fit, general manager of the business department of Merrill Lynch Securities Center, personally gave trading instructions to the traders in his office, and the 900 million shares of Saturn Auto shares lying in the special account of the business department of Merrill Lynch Securities Center are a hot time bomb for Chambers, especially the day before GM's stock price fell below $50 again, which is almost the price of GM's net assets per share, and it is conceivable that Saturn Automobile, which has a net asset of only $1, will be recognized by investors at a price of $3. This Nima is simply an impossible task.

Of course, the task must be completed, no one can look at the jokes of Merrill Lynch, the number one in the industry, GPC President Gordon Geck's goal is to one day be promoted from a member of the board of directors to the chairman, of course, before stepping into the position of President and CEO of Merrill Lynch, the Saturn Automobile Listing Plan cannot become the laughing stock of the whole industry, of course, the responsibility is on the two of Chambers Fit and Jiang Yelin, but the mission of Chambers Fit's central sales department is to sell the Saturn Cars in the special account, Jiang Yelin's G3 fund has become the core force operating in the secondary market to promote the acceptance of Saturn Auto shares by investors.

Saturn Auto's NYSE listing code is SU, the opening transaction price is fixed at the issue price of $3, Morgan Stanley's traders received a customer's buy order, bought 1 million shares at $3, Saturn Automobile, for a total share capital of 1.8 billion, the actual outstanding shares of 900 million shares of auto stocks, the volume of only 1 million shares is not unusual, but the transaction price of $3 still attracted the entire trading floor and the scene on the second floor of the interview media exclaimed, of course, Many reporters began to pounce on the phone booths around the trading floor to call newspapers to draft today's press release.

Chambers Fett breathed a sigh of relief in his office, originally he was going to test the market at a price discount of 10% from the issue price, although there is a G3 fund and Jiang Yelin's special venture capital department, but within Merrill Lynch, the IPO underwriting account and an investment account like the G3 fund itself belong to two blocks, not to say that it is okay to transfer directly to the G3 fund, for the central business department, for Chambers Fett, cashing out is the only direction of the Saturn special account, The difference is how long it takes and how much it costs to sell off these 900 million hot Saturn auto stocks!

"Inform Old Nimes to sell 3 million shares at the price of $3 125 cents, 3 million shares at the price of $3 250 cents, and 4 million shares at the price of $325 cents...... "Chambers gave 3 selling trading orders to the assistant traders in the market in one breath, and the central sales department has its own floor traders, and Dominic, who has just turned into a formal trader, is now basically an exclusive trader of the special venture capital department, and Merrill Lynch's personnel luxury configuration can be seen......

With the issuance of the telephone trading order, the Merrill Lynch trader in a vest on the trading floor of the New York Stock Exchange, Old Nim, began to raise his finger and shouted the lowest selling price of Saturn Auto stock at $3.125, and before he could shout a few words, the floor trader of Salomon Brothers, who had been gathered on the side, had already raised his finger and shouted, $3.125, 1 million shares I wanted!! Of course, this is also due to the demand of investors who have opened accounts with Salomon Brothers Securities, and for several major brokerages, their proprietary markets are far from the time to buy Saturn cars at prices above $3.

Immediately after that, the Goldman Sachs trader received a buy order, and quickly raised his hand and shouted 3.125, I want 2 million shares! Old Nim, a trader at Merrill Lynch, was overjoyed, and directly pointed at the heads of the two of them and shouted, "3.125, 1 million shares, 2 million shares, deal!" "In such an atmosphere, The share price of Saturn Motors quickly rose from the price of 3.250, because 4 million shares were traded in less than ten minutes before, so the buying of Saturn Motors appeared to be extremely vigorous, retail investors and small and medium-sized investors obviously began to bet their chips on Saturn Motors on the sidelines, the winner was not blamed, 3 million shares at the price of 3.250, under the attack of the swarms of buying, it took only 20 minutes to be snapped up by investors, and at 9:30 o'clock, the share price of Saturn Motors rose by 10.8 percentage points to the position of 3.325!

The trading volume of Saturn Motors exceeded 8 million shares, and the trading volume rose by 10% The result made the executives of Merrill Lynch, General Motors and Saturn Motors who were observing the scene breathe a sigh of relief, and the most proud was obviously Gordon Gecker, the president of GPC, although he did not know which investors were buying Saturn Motors' shares, but obviously, Dominique, the floor trader in charge of the special venture capital department in the trading floor, had not yet made a move, which means, At this moment, the stock price of Saturn Motors is not raised by Merrill Lynch Securities! Gordon Gaeco laughed and left the trading floor with Owen Bieber, John Francis Smith, and Saturn Auto and NYSE executives to meet with the press for a press conference......

While Saturn's shares soared 10 percent, the shares of the three major automakers fell sluggishly, with General Motors' shares falling below $49, Ford's shares falling below $45, and Chrysler's shares falling to $39, almost 10 percent less than last week's highs, and at least five points or more in terms of weekly declines...... Of course, the volume of trading is sparse, with GM trading less than 10 million shares in half a day, Ford only 5 million shares, and Chrysler 6 million shares......

In a box on the second floor of the New York Stock Exchange, Goldman Sachs, Morgan Stanley and Salomon Brothers' three vice presidents stared wide-eyed, obviously unable to understand the market and transaction returns on the terminal, after the failure to short on General Motors stock last week and suffered a painful loss, the investment department of these three brokerages temporarily joined hands to deal with Merrill Lynch, as for the manipulation of stock prices and insider trading, no one will mention it at this time, in fact, as the president or vice president of the investment department of Jackson's three major brokerages, Waiting for leisure will not become a tainted witness of the SEC, so it is quiet in the box, and the three guys don't even bring their own secretaries and assistants! There are several telephones! It's a hotline that communicates directly with the trader's assistant on the floor!

It is said that trading stocks in proprietary accounts does not require the appearance of these three bigwigs who are also the youngest vice presidents of the investment department, but apparently after the failure of the last time they were sheared by Merrill Lynch, the Jacksons can no longer afford to lose the second battle, and what they lost in General Motors and Merrill Lynch will be recovered in General Motors and Merrill Lynch!

"Maigao, what do you think is going on? You Goldman Sachs traders bought at least 2 million shares of Saturn Motors in half a day, aren't you lifting a sedan chair for Merrill Lynch?! Nick Lewis, vice president of investment at Morgan Stanley, finally couldn't help but ask Mai Gao Jackson, vice president of investment at Goldman Sachs with a gloomy face.

"How do I know, there are more investors, institutions, and funds that have opened accounts in the Goldman Sachs business department, and it is not our Goldman Sachs who bought the ...... ourselves" Mai Gao Jackson snorted and glanced at Nick Lewis dissatisfied, and asked in turn, "Don't say that the traders at Goldman Sachs bought 2 million shares, I see that your traders at Morgan Stanley bought at least 2.5 million shares, and the price is higher than ours, do you think I said you?!" ”

"Two, this situation is a little incomprehensible, let's not talk about Saturn cars or anything, do we still want to make up for this GM stock? The last closing price was $44, and I lost 10% inside and out, so can I make up for it?! "Salomon Brothers' vice president of investment Mason Aikman pulled the topic back to General Motors' stock price and trading volume, in fact, Salomon Brothers is the bulk of today's Saturn car stock, although it is not a self-operated account, but Mason Aikman is also weak-minded?

"How to make it up? On Monday and Tuesday, we ate a total of 10 million shares of General Motors shares, costing as much as $49.750 per share, I think, reluctant to put shoes on the wolf, simply smash out 10 million shares, I don't believe that the stock price and trading volume can't come out! "Don't talk about Maigao-Jackson's method, it's really Jiang Yelin's G3 fund smashing is a common method, watching the 10 million shares buy high and sell low at a loss, but as long as the stock price is smashed down to trigger a stop-loss order and a diving order, it is only right to take the chips back at a low level.

"I'm afraid that after smashing down, I will be pulled up by Merrill Lynch Securities like last week, wouldn't it be miserable to be sheared by the other party!" Mason Aikman said cautiously.

"In my opinion, taking advantage of the new listing of Saturn Motors and the rise in volume, why don't we just repair the plank road and darken the warehouse, and join hands to buy Saturn Motors to play a time difference and intraday arbitrage?" Nick Lewis watched the share price of Saturn Motors rise by 10% from $3 all the way to a little unable to sit still, he judged that Merrill Lynch Securities would not suppress his underwriting of Saturn Motors with a butt of debt today, maybe the stock price will rise all the way, and it would be too much of a loss to make a handful at this time!