Chapter 158: Rating Up?
Shorting in the stock market is only one of the most common checks and balances in shorting. Soros once shorted the pound to create chaos in the British financial market, and also brought very much pressure to the Hong Kong financial market during the Asian financial crisis, but the relevant governments used market means to fight back, rather than administrative means. More importantly, short-sellers allow governments to identify risk factors and regulatory loopholes as early as possible, ultimately making regulation more active, effective, and transparent.
Jack looked around, and then whispered in Lin Shi's ear: "We have pulled several hedge funds on Wall Street to join this short war, and one of them is very famous, frequently sniping Chinese stocks, and rarely misses, the name is Tianlu." ”
Lin Shi stared at Jack with wide eyes: "You have invited all the Tianlu Fund here?" ”
The reason why Lin Shi was frightened was because this hedge fund called Tianlu can be said to be a leader in the field of short selling, and just like the grim reaper in Chinese concept stocks, it has repeatedly shorted and succeeded.
The most legendary one was when shorting Beixin Paper, the researchers of "Tianlu" found that the factory was in tatters, the machinery and equipment were old equipment from the 90s of the last century, and the office environment was damp, which did not meet the production conditions of the paper mill. Finding that the inventory is basically a pile of waste paper, he exclaimed: "If this pile of waste paper is worth $7 million, then the world is definitely much richer than I thought." ”
Subsequently, "Tianlu" released a short-selling report on Beixin Paper, and in just one week, the stock price of Beixin Paper fell from $28 all the way to $15, and three months later, Beixin Paper was forced to delist......
Jack nodded: "Although this short battle can definitely be successful with Miss Zhimei's worth, but in order to expand her network, she has to share some 'profits' with these hedge funds, and they will help in the future." ”
Lin Shi nodded, and then continued to watch today's stock market news.
I have to say that due to the impact of the National Day, the market is also very powerful today, the Chinese Securities Index opened 1.2% higher, and then rose to 2.3% at 11 o'clock......
All white horse stocks, home appliances, liquor, automobiles and parts processing.
"The paper industry is now up to the sky, but unfortunately I have sold it for a profit." Lin Shi looked at the high price of 32 yuan of Sanyi Paper and muttered to himself.
The trader is still too limited for Lin Shi, he can't let the stock rise and fall freely, otherwise his job will be lost, so he can only rely on his feelings to clear his position and make a profit.
For some reason, the atmosphere of the trading department made Lin Shi a little upset, or in a hurry, but Lin Shi didn't find a single stock in his eyes in the morning, and the cyclical stocks, liquor stocks and steel stocks that he had bought before had already stood in a particularly high position at this time.
Lin Shi didn't know how to grasp the rise in stock prices driven by this short-term product price increase, and Lin Shi faintly felt as if there was a layer of window paper in front of him, blocking his vision.
At noon, as soon as Lin Shi walked out of Dongfang Securities, he saw the two Jack brothers standing outside, as if they were waiting for someone.
Lin Shi waved his hand at them to say hello, and then was about to turn around to leave, who knew that Jack stopped him: "Lin, what we are waiting for is you." ”
"Huh?" Lin Shi paused slightly, and turned around: "Looking for me?" Can I help you? ”
Blake walked over with a smile, followed by a strong cologne smell: "Have lunch together, go to the trading department later, anyway, the stock market has risen so much today, as a rational trader will definitely not buy." ”
Lin Shi was a little hesitant, of course the two Black brothers could work at any time, but he couldn't, if he was so willful, he might be fired one day.
Jack immediately saw what Lin Shi was thinking: "Don't worry, this time it's a serious matter, about the short selling incident of Baiju Chinese Network." ”
"Didn't we already talk about that in the morning?" Lin Shi asked.
"That's right, that's me and you, and now it's Miss Zhimei who asked us to take you to dinner."
Lin Shi didn't know why, Mishima Tomomi was looking for him? He's just a small trader.
But Lin Shi still decided to go over and not say anything good, but at least he could learn something useful while talking to these experienced traders.
The restaurant where I ate this time is no longer a Western restaurant, but an ordinary Chinese restaurant, Mishima Tomomi did not wear makeup today, but her face was plain, but a lilac gauze skirt still set off her graceful figure exquisitely.
"Hello, Lin Shi, we meet again." Mishima Tomomi said with a smile like a spring breeze.
Lin Shi nodded slightly towards Mishima Tomomi: "If you don't wear makeup, it will give people a good feeling." ”
Jack quipped, "Our two brothers are doing a good job of running errands, right?" Give a five-star review. ”
After the dish was ready, Blake got to the point: "I've talked to my fund manager friends about shorting, and they need evidence that Baiju Chinese has tampered with financial reports." ”
Tomomi Mishima nodded: "I have secretly done a lot of research on the listed company, and I have made full preparations for this hunt." ”
Jack took two large pieces of beef and put them in his mouth, chewed and said, "How's it going?" Is there any good news? ”
"The shortest part of this favorable report is 30 pages, and the longest is 55 pages, and I will send it to your mailbox, and then transfer it to the hands of the major investment bank analysts on Wall Street, who will rely on this analysis report to make the right decision."
A mysterious smile rose at the corner of Mishima's mouth, and it seemed that she had seen the scene of the stock price of Baiju Chinese Net.
Lin Shi said suspiciously: "Leave it to Wall Street analysts, and then what?" ”
Jack showed his trademark smile again: "We will report the positive analysis to Wall Street analysts, and then they will give a buy rating, and more institutions, more retail investors will join the carnival!" ”
Lin Shi knows that both long and short need to do research, but Fang * is completely different, long is "confirmed", advantages and disadvantages must be considered, and only after weighing can a "buy" rating be given; Shorting is "falsification", commonly known as "finding faults", as long as the evidence of financial and operational fraud of the enterprise is found, once the "hard injury" is found, it can become a reason for shorting."
"A good analytical report? In the hands of Wall Street analysts? Downgraded to a Buy rating? Lin Shi was confused by Jack's words, didn't he want to be short? Don't......