Chapter 155: The Final Impact
"That's it, tomorrow for the final blow!"
After listening carefully and carefully to Congressman Rogers' speech, Soros suddenly shook his fist and showed ecstasy, "Now Stanley is completely finished, even if the Chinese want to invest in Goodman now, I'm afraid it's impossible." In this way, whether it is Stanley or Goodman, without the largest possible overseas buyers, there should be few to support. ”
Influenced by Soros's feelings, other people who watched the speech also began to get excited, talking about the impact of this speech on the market tomorrow.
"Even if Mr. Councillor's speech does not achieve its goal in the end, as long as it is delayed for a while, I am afraid that in its current form, Stanley and Goodman Company will not be able to support it for long."
"Yes, if I were a Stanley or Goodman user, I'm afraid I'd be thinking about withdrawing funds from their brokerage accounts right now."
"Druckenmiller has withdrawn funds from Goodman's account, and it's hard for a big man like him to feel at ease, let alone anyone else. I think we should add another handful of firewood at this time to make the fire burn a little more vigorous. ”
……
Just as everyone was discussing hotly, an untimely voice suddenly sounded, "Gentlemen, what's going on with the sniping at the $40 position today?" Have you ever wondered? ”
The person who spoke was Rodney. Jones, a former economist specializing in Asia-Pacific affairs, has been relocated to the U.S. headquarters to lead research on global macro strategy and has been promoted to full partner.
In the frenzy of everyone, only he maintained a rare calm, which was inseparable from his position. According to the internal review of their department, it was found that the funds to snipe them on the plate were quite abundant, and not only did they eat their offensive hard. They also reversed the direction of the market, so that their original tactical intentions were not fully reflected.
This is almost a heavy blow to their trading strategy, but fortunately, at this time, Soros's serial punches finally came out, coupled with today's abnormal fluctuations, the overall strategic goal has finally been achieved.
"This must be Stanley's own people!" A veteran trader said subconsciously, but the next moment he realized that something was wrong. With Stanley's current financial situation, they don't have such a big deal to do. In other words, they don't use such a large amount of money to defend their stocks.
"Let's make a few assumptions!"
Rodney. Jones ignored the trader and snapped his fingers and said to the others, "First, it is natural that the market reacts spontaneously, or it is a long idling, which is possible, after all, the stock has fallen so much in the short term." The opportunities for arbitrage are high. The second scenario is a bit unpleasant, that is, one or more hedge funds may join forces to eat the short orders we have sold, and then attack the rise, which may be their program trading, or it may be artificial, after eating such a large number of stocks, I believe they should not be able to continue. Worst of all, if there is a consortium of our level. If we were to keep an eye on Stanley stock as we were, we could be in big trouble. ”
"How much position do we have now. What about the average price? ”
Hearing him say this, Soros also faintly sensed a little danger, but he didn't care too much, after all, the entire market trend is now controlled by him in secret. Just in case, he still has to know the specific position situation.
"After a day of operation today, our average short price has been reduced to $67. The total position is around $2.5 billion. This position is simply a bit too large and too aggressive. In addition to these, we also bought quite a few of their CDS and short selling options, which cost around $40 million, with a total value of $1.2 billion. I'm worried. We don't have a hedging strategy on Stanley stock, and if Stanley's stock reverses, we would lose a lot of money. ”
It is a bit unbelievable that such a large position is not hedged, but this is in line with Soros's consistent style, that is, if you see the short, then you will ignore the shorting to the end, leaving no way out for yourself.
Originally, the average short price of the quantum fund was above $90, but with the help of yesterday's avalanche-style shorting, the traders of the quantum fund sold frantically at a low level, and even pulled the overall price down to the level of nearly $30, I have to say that they are quite crazy in today's trading.
Facing Rodney. Jones knocked on the side to remind Soros that he didn't take it too seriously, which is also due to his character, "Don't worry, the market will go the way we expect." All we need to do now is continue to spread the wind in the market and make everyone realize that Stanley's demise is imminent. ”
"Maybe we don't need to push it, Stanley may have messed up in the past two days!" Soros is full of confidence.
……
The next day, Thursday, as Soros had predicted, the entire market was completely mobilized by Congressman Rogers' report.
The Wall Street Journal reports in a big way: Henry. Paulson's fiscal bailout policy is very likely to run into trouble, Congress will not approve it lightly, companies facing trouble will not be able to be rescued in time, and the financial crisis triggered by the subprime mortgage crisis will soon ferment to other industries, and then form a large-scale economic crisis, and the depression of the US economy seems to be inevitable.
The New York Times reported: For a long time, the contradictions between Congress have mainly existed between Republicans and Democrats. Generally speaking, whichever party comes to power, the party will spare no effort to support it in Congress. But this time there is a rare contradiction within the Republican Party, which is jaw-dropping. In addition to being surprised, we will continue to pay attention. Regardless of the final outcome, Paulson's rescue plan will have a devastating impact on the U.S. economy.
The more professional Bloomberg newspaper focused directly on Congressman Rogers' speech, in which they bluntly declared that Stanley was in serious trouble. If they can't be resolved quickly and in a timely manner, it is highly likely that after the Kaminmen brothers, the next big Wall Street investment bank to go bankrupt will be it.
As the newspapers poured in, the outlook for Stanley and Goodman immediately dimmed and became an object of avoidance. This sentiment was also faithfully reflected in the stock market, when the stock price of Stanley Company opened as soon as the market opened. Immediately fell from $81 in the previous trading day to $72, and that's just the table after the opening.
Soon Stanley's stock price began to slide all the way, falling below $70 after half an hour, and then falling all the way, falling below the round number mark of 65, 64, 63 and so on, and finally reached the $60 mark during the morning break.
The reason why it is this table xiàn. A large part of the reason is that the table of strong disk protection funds the day before shook the market, so that they did not dare to sell too much.
In the afternoon, the stock of Stanley Company continued to fall, and there was no trace of the momentum to stop the fall.
"Zhong Sheng, are we still going to make a move?"
Late at night in Hong Kong, the offices of Tianyu Fund are still brightly lit. In fact, there are quite a few brightly lit offices in IFC Phase II. At a time when global markets are in turmoil, this is an opportunity for the market's adventurers. Traders work together day and night, looking for every possible profitable opportunity.
Facing Jiang Shan's inquiry, Zhong Shi frowned and thought for a long time, and finally waved his hand, "Since our position was almost closed yesterday, don't interfere with Stanley's stock price anymore." Now it's John. Mark has a headache when. ”
Bell Stone has been watching the stock of Stanley Co. for a long time. But their appearance has always been unremarkable, even though Bell Stone knows that a few crocodiles lurk beneath the calm surface of the lake. Ready to attack. Once upon a time, the Tianyu Foundation was also one of them, but after confirming that Soros was also among them, Bell Stone had quietly changed his mind and worked for John. Mark and Gao Dongfang are one of those moves.
Sure enough, when the people from Huatou appeared in New York. Zhong Shi knew that time was running out for Soros, and success or failure was between these few days. When Stanley's company plummeted last night, Zhong Shi realized that Soros had made a brazen move.
The stock price fell to $40, and X-Spatial Fund made a decisive move, using more than $1 billion. Stabilized the avalanche's downward momentum, then swept between $40 and $80, swept in more than $1 billion in chips again, and spent more than $2 billion in the whole day to bring Stanley's stock price back to its original position.
Coupled with the previous slow liquidation in the market, the original short position of Tianyu Fund in Stanley has been closed, and there are only hundreds of millions of dollars in positions at present. The price of Tianyu Fund's previous short position in Stanley stock was around $100, with a total position of $5 billion, and after this liquidation, they have earned nearly $1.5 billion, with a yield of about 30%, a quite generous return.
"If we make a move at this time, we can also pull the average closing price down by a few dollars." Jiang Shan muttered quietly, "Although you don't care about this little money, for us, this is an astronomical amount!" ”
His voice was small, but it happened to be heard by Zhongshi and the others. However, the others did not have this kind of mind as him, but after a glance, they all smiled in unison.
The laughter was a little crazy, Jiang Shan listened to the numbness of his scalp, and when he looked at the others, he found that they were also staring at him with strange faces, which made him even more puzzled.
"Relax, basically Zhong Sheng said this, which means that he already has a follow-up plan." A trader couldn't stand it anymore and took the initiative to stand up and explain, "If you don't believe it, you can continue to observe." ”
"Not bad!" Zhong Shi also opened his mouth to explain, "Don't worry, I'm waiting for a phone call, a phone call that will change Stanley's fate. ”
Before the words fell, the phone in his arms rang, Zhong Shi took out his mobile phone and looked at it, and a smile appeared on his face, "Look, sure enough, someone can't sit still!" ”
Although he wanted to know who made the call, Jiang Shan still walked out of the office honestly. He had a lot of doubts in his mind, but he knew that now was not the time to ask.
"Zhong, we're in big trouble. It is no longer possible for the Chinese people to cooperate with us, even if we sell our shares cheaply now, it is impossible to get through. "John. Mark's panicked voice came clearly through the microphone, "And right now, our stock price has plummeted, and it is almost out of control. ”
"It's really bad!" Zhong Shi had already smiled in his heart, but on the surface he still maintained the due strictness, but the next sentence revealed his true heart, "But what does this qiē have to do with me?" ”
"yes, what does it have to do with you?" John. Mark was stunned.
Yesterday he was just in a hurry, but after the conditioning of his personal doctor, he is fine today. At this time, even if he has something in his body, he can only persist with illness. Now he is really "sick and rushed to the doctor", when he saw Stanley's stock price being attacked wildly, his first reaction was to ask Zhongshi for help.
But what he didn't expect was that the other party actually rejected him, which greatly surprised him, and also made him completely unable to say what he was ready to say.
For a while, he was anxious, but he couldn't say a word. (To be continued......)
PS: Thank you for poisoning you ten thousand times, Jiangnan Liu Feiyan, Nanquan 99, and shujf for voting for the monthly ticket! After such a long downturn, it has finally eased up a little, and thank you very much for your continued attention. The author strives to work hard this month, hoping that more book friends can support this book~