"Damn, how can this be? God, what the hell is going on? ”

Soros jumped up and down in his office like an angry tiger. And the high-level executives and partners of the Quantum Fund stood in front of him, silent, and they didn't even dare to take a breath.

"Which of you is going to tell me what the hell is going on?" After venting for half an hour, Soros stopped, "Why haven't we gotten any news?" Why did the Japanese go back on their word? Why didn't Stanley's top brass announce it in the morning when the decline was at its worst? ”

No one answered his question.

Rodney. Jones muttered in his heart: "If you had done a little risk hedging at the beginning, you wouldn't have almost blown up so badly." If you don't listen to other people's advice, now you ask others, how do you make others answer? Although he was full of complaints, he would never say such a thing on such an occasion.

Time back to early Monday morning.

Before the market opened, Goodman announced its cooperation with Berkshire Hathaway, and the market was in an uproar. Goodman's pessimism was swept away, replaced by optimism. Hedge funds that saw the wind and steer the rudder no longer withdrew funds from Goodman's brokerage account, and even many hedge funds began to consider heavy positions in Goodman's stock.

Contrary to Goodman's instantaneous reversal of the situation, there was no movement on the side of Stanley, neither news of a large amount of money being credited to the account, nor refutation of the rumors in the current market, and a completely ignorant posture.

The silence sparked more speculation.

Correspondingly, Stanley's share price came under more pressure and suffered a severe sell-off as soon as the market opened. This is not surprising, after Goodman's successful resolution of the crisis. The focus of the market is on an investment bank named Stanley. For a time, the prices of capital varieties such as Stanley's stock price and long options fell sharply, while the prices of short options and CDS soared.

"It's already down to $52 per share, aren't we going to make a move?"

John. In Mark's office, he was lying on the floor in a chair, enjoying the bright Manhattan sun. At the same time, I was leisurely on the phone. CFO Colm. Kelleher rushed in, yelling at the immediate boss in a somewhat frustrated manner.

"Give me a minute!"

John. Mark unhurriedly covered the microphone and said to Colm. Kelleher made a silent gesture, then pressed the speakerphone, signaling Colm . Kelleher listened.

Colm. Kelleher looked tense, seemed to realize something, tiptoed over to his desk, and sat down gently.

"Yes, we have taken $9 billion in liquidity from the Japanese!" John. Mark said with a slight smugness.

"What?" Geithner's voice came from the telephone. The Fed vice chair looked taken aback and eagerly asked, "So what did you give?" ”

"Part of preferred stock, part of common stock." John. "But there are some supplementary agreements where the Japanese can convert that portion of their common stock into preferred stock, which means they may give up all their voting rights." In this way, our business will not even be affected at all. ”

Speaking of which. John. Mark was even more proud.

"The Japanese agreed to such conditions?" Geithner was even more surprised, but he thought about it. It immediately understood, "Yes." The Japanese are also afraid that something will happen to you, after all, preferred shares have the right of first refusal. In any case, Stanley's problem has finally been solved, and I think Mr. President and Mr. Minister will be pleased with your efforts. ”

"Mr. Minister?" John. Mark sneered and said rather disdainfully. "I had already communicated with him beforehand, but he insisted on letting me work with JPMorgan Chase. If I really listened to him, I'm afraid Stanley would have declared bankruptcy today! ”

"Hey......

John. Mark can blame Henry with all his might. Paulson, Geithner did not dare to echo. After all, he is also a person in the officialdom, and he must not give people a handle. But John. Mark's attitude made his heart move, "John, if I can get the nomination of the Minister of Finance, will you support me?" ”

The current president of the United States will serve until the end of the year, when the time includes Henry Brown. Paulson's cabinet members will inevitably step down. Bernanke's term of office is not over, and there will be no possibility of a successor for a while. The ambitious Geithner has set his sights on the position of US Treasury secretary and is now already making preparations. In addition to being nominated for the presidency, he needs broad support from the business community.

Like John. A big guy like Mark would be great if he could show his support at the right time. And because previous U.S. presidents have nominated CEOs from Goodman, the market has complained about it. If we can now get the support of Stanley, another heavyweight, it will undoubtedly gain more goodwill and support. Geithner had such wishful thinking in mind.

"No problem!" John. Mark didn't hesitate at all, and immediately agreed, just when Geithner's heart was overjoyed, who wouldn't want John. Mark added, "But what do we get?" ”

"Fuck, thinking about benefits before you keep your promises, what a vampire on Wall Street!" Geithner cursed in his heart, but said, "In terms of regulation, you will get more lenient conditions." At the same time, you will be taken care of more than other companies in terms of government support and help. ”

"Deal!" John. Mark was overjoyed. He naturally knew that after transforming into a commercial bank, Stanley would be subject to the supervision of the Federal Reserve, although the business of commercial banking would not be Stanley's first choice in the future. But with more support from the Treasury Department, Stanley's future recovery and resurgence are just around the corner.

After the two talked for a while, they each hung up politely.

"Look, we've made another deal!" Looking at Colm with a pensive face. Kelleher, John. Mark said unusually proudly, "An important deal!" By the way, what are you looking for me? ”

Colm at this time. Kelleher vs. John. Mark's ability to cross and close has been admired to the ground. The eyes that looked at him were full of admiration. Until John. Mark urged again and again before he replied nonchalantly, "That's right, John, when are you going to announce the deal?" You know, right now our stock price is under a lot of pressure. ”

"Of course the news should be announced as soon as possible, but not now!" John. Mark has a posture of being in control, and his demeanor is unobstructed. "Wait for many small shorts to reach a certain point before announcing it, give them a heavy blow, and let them know what companies can and can't touch!"

These words he said almost through gritted teeth, so that Colm. A thrill in Kelleher's heart made him tremble at the moment. After the scene just now, he seemed to forget that the CEO in front of him still had thunder means.

……

The market didn't know anything about it, the short sellers were still reckless, and Stanley's stock price kept falling. Finally, at the lunch break, the $40 mark came.

This also means that from opening at $69 to now at $40, Stanley's stock has fallen 40.2% in one morning. It has to be said that this is a crazy decline, and it is almost impossible to see such a sharp decline in the market. Corresponding to such sharp fluctuations, in one morning, the volume of Stanley stock also climbed to an eye-popping level: a total of $1.285 billion. It set a new record for the highest number of transactions in a morning after the listing of Stanley Company's stock.

Analysts predicted at noon if the situation still doesn't improve. Stanley will be the next Kaminari brothers.

But just when the market was extremely pessimistic about Stanley, Stanley suddenly released a message on its official website, announcing that it had reached a sale agreement with Japan's Mitsubishi UFJ Group. Stanley will sell a 20 percent stake to Mitsubishi UFJ for $84 per share, for a total of $9 billion. At the same time, MUFG will provide emergency financial assistance of up to $30 billion to Stanley if necessary.

Almost at the same time. Mitsubishi UFJ Financial Group also issued an announcement with similar content. A slight comparison between the two, anyone with a little common sense can verify the authenticity of this transaction.

It must be noted that before that, Stanley's stock price peaked at $150 per share. And just before Kamison Brothers went bankrupt, Stanley's stock price was still hovering around $90. It was only when rumors arose that Stanley's stock price changed. And the phenomenon of sharp rises and falls occurs frequently.

Therefore, when the announcement of Mitsubishi UFJ Group's stake in Stanley came out, the market was dumbfounded. It was only at this time that investors remembered the previous performance of Stanley's stock, and many began to reflect on their investment strategies made in a panic.

More people are realizing that Stanley, like Goodman, is about to reverse the situation. First of all, the Japanese are by no means fools and will not invest so much money at this time in a company that may go bankrupt, the only explanation is that it is profitable. Second, with this money in the account, Stanley's so-called liquidity crisis is self-defeating. Without the support of this news, any shorting of Stanley has lost its ground. The most important thing is that if you follow the Japanese buying price, the price of Stanley shares is too cheap now!

Buy now! This is the first reaction of most investors! The situation of Stanley stock was reversed all at once!

As soon as the market opened in the afternoon, a large number of buy orders poured into the shares of Stanley, and the funds poured in like a tsunami, almost in an instant, the sell orders that would not be able to retreat were swallowed up instantly, and then Stanley's stock began to rise steadily, and the momentum jumped like a bamboo.

On the candlestick chart, the original long black candlestick shortens and narrows at a speed that is almost visible to the naked eye until it becomes a horizontal candlestick, which means that Stanley's stock is back at the opening of $69. But it didn't stop here, Stanley stock began to turn red to green, and continued to rise, directly pulling out a long bullish candle.

Needless to say, after a lot of ups and downs, Stanley's stock price rose to $80 at the end of the day, and finally closed at $82, up 18.84%. Without looking at the tick chart, no one would have thought that this stock experienced an amplitude of close to 60% in one day.

In this extremely divided market, it is natural that some people laugh and some worry. The ones who laughed were the investors and institutions who bought at a low price before, and the guys who were lucky enough to buy on the upside. Those who are worried are investors and institutions who have chosen to sell at an inopportune time and have not closed their positions in time.

For the Quantum Fund, the losses were a bit heavy, as the four-fold leverage added during the short selling process, coupled with the surprise attack on Friday, lowered the price of their positions, so the rally in Stanley's share price made them lose a lot this time. As soon as the transaction was settled, plus various derivatives, the quantum fund lost $1.5 billion.

It's no wonder that Soros is furious! (To be continued......)