Today, Jack and Blake were both wearing black suits, their shoes were shiny, Jack waved his hand at Linshi, and then sat down in his place, turned on the computer and started today's work.

Lin Shi continued to discuss with Li Xiao and others about the arbitrage space for the follow-up development of ST Tengguang, because ST Tengguang made a profit but did not take off the hat for more than seven years, and the accumulated public grievances were not a day or two, if the hat was removed, then it would definitely be supported by all kinds of funds, and what Lin Shi wanted was to find a suitable price to lurk in advance while the price was relatively low.

In this way, you will get enough profits when you take off your hat, but there is an uncertainty in this matter, that is, Black Wolf Capital will definitely take off ST's hat.

But......

When? If the time drags on too long, the situation is not in his favor, and what is the point of doubling in ten years? What's more, prices are about to double in a few years!

Unless the amount of capital is particularly large, and like Lin Shi's current 100 million capital scale, the purchasing power is estimated to be less than 70 million in ten years.

For a while, Lin Shi felt a little difficult to ride a tiger, and the stock price of ST stocks generally fluctuated greatly.

So once ST Tengguang can't or doesn't take off his hat for a long time, then the stock will keep fluctuating up and down......

Just as Lin Shi was thinking about the question, Jack suddenly patted him on the shoulder: "Lin, what do you think?" ”

"It's about a stock of Huaxia Guo ST, which has been profitable for seven years but has not taken off the hat, but now that the capital company has entered the board of directors, I know that he will definitely take off the hat, 100%, but I don't know when." Lin Shi explained.

Jack smiled, "Lin, do you know the gray rhinoceros?" ”

"Gray rhinoceros? Animal? Lin Shi asked.

"No, I'm talking about the gray rhinoceros event here, which is similar to the black swan metaphor for a small probability but huge impact event, and the gray rhinoceros as a metaphor for a potential crisis with a high probability and huge impact. Compared with the unpredictable and occasional nature of black swan events, gray rhinoceros events are not random emergencies, but high-probability events that occur after a series of warning signs and signs. ”

"For example, the U.S. housing bubble erupted in 2008 and many bubbles burst before that; the devastating aftermath of Hurricanes Katrina and Sandy and other natural disasters; Realistic digital technology that subverts traditional media; collapsed bridges and crumbling urban infrastructure; The rapid decline of the Soviet Union and the chaos in the Middle East were clearly marked in advance. ”

"Huh?" Lin Shi motioned for Jack to continue.

"What you said can be understood as a good gray rhinoceros incident, according to what you said, a capital company has entered the board of directors, then he will definitely take off his hat, which is an inevitable result." Jack said.

Lin Shi nodded, he knew what to do with the gorgeous turn of ST shares, first, asset restructuring and shelling, second, improve operations and achieve healthy development, third, strip harmful assets and sell assets to the parent company or "brother company", fourth, accounting treatment.

According to the regulations, if ST companies want to be successfully promoted, the listed company needs to turn losses into profits, have positive net assets, operating income of more than 10 million, and have not been issued an audit report that cannot express an opinion or negative opinion, etc., it can apply to the exchange to cancel the delisting risk warning for its stock trading.

"There is a reasonable reason behind every irrational thing." Jack said.

"I know." Lin Shi nodded and asked, "How are you planning to short?" ”

"At present, the stock price of Baiju Chinese Network has stood at $34 a share, the bullish trend is obvious, we are looking for a private detective to investigate this company, and when we collect enough evidence, we can bite it fiercely." Jack said.

"34 yuan? When I came home from dinner that day, it was only $28 a share. Lin Shi was secretly frightened, the U.S. stock market is too crazy, right?

Jack smiled, not surprised: "Lin, there is nothing new in the market, if there is, it must be you fresh." ”

"That being said, aren't you afraid that the company's shareholders will buy shares and force them short? I heard that this Zhao company has a large amount of liquid money in its hands. ”

"Shorting pays attention to the right time, place and people, as the so-called flies do not bite seamless eggs, if this company is okay, then we must think about this problem, according to the information we have so far, this company has a very big problem, their president also bought a Ferrari yesterday."

Jack paused, and then showed a wicked smile: "It's still the company's money." ”

"The Zhao Group is not stupid, right? Who will allow this problem to continue to develop? Lin Shi asked rhetorically.

"Zhao's enterprise is a well-known 'barbarian' in the capital market, they use the advantage of a large number of funds to buy high-quality companies that have not yet been listed, and then use means to force the founder to leave, not long after the founder left, Zhao's enterprise began to operate, and the company was listed."

"And once listed, Zhao's enterprises can earn excess stock returns in the capital market without doing anything!"

Lin Shi guessed such a result at once.

"That's right, and Baiju Chinese Network is one of this examples, Zhao's enterprise knows that such a company itself can't bring any cash flow, but this theme is very new, online novel website, think about it is very familiar?"

Jack's eyebrows fluttered as he spoke, as if he was telling a wonderful story.

"The dot-com bubble." Lin Shi sighed, what Marx said was indeed true, the accumulation of primitive capital is bloody, and it is such a company that is sacrificed.

"That's right, they use the rare subject matter of this stock and the network of their own media circles to constantly build publicity, and in addition to the fact that the stock itself is in a bullish trend, it will attract a lot of money at once." Jack's wicked smile was revealed again.

"They will wait for the stock price to go up before reducing their holdings, and retail investors have once again been deceived by institutions into high positions."

"It's two months before they can reduce their holdings." Jack was the first to explain before Lin could speak: "In the United States you have to hold these securities for at least one year, compared to two years before 1997, and the one-year lock-up period begins when you buy these securities and pay them in full." ”

Lin Shi nodded to express his understanding, it is precisely because of the lack of short-sellers in Huaxia and the lack of self-checks and balances in the market that market risks cannot be released in advance, stifling "rationality", it is difficult to break the rigid payment, and irrational prosperity lasts longer and causes greater damage in Huaxia.

History has proven that markets that lack a "short-selling" environment do not have a more virtuous self-cycle, but end in a greater self-inflicted disaster. For example, the collapse of China's stock market in 2008 was much less resilient than that of the U.S. stock market, which created the subprime mortgage crisis and had a stronger short-selling force.