"Value speculation" refers to the method of value investing, but not long-term investment like value investment, only eating most of the stock earnings of the company's rise, and then selling it for a profit, and then transferring it to another stock, in short, if you don't make money, you will play dead, and if you make money, you will run.

Huatong Securities Trading Department.

Zhang Yi once again vigorously criticized the other party's point of view when the employees of the trading department were brainstorming: "What kind of bullshit point are you talking about? Buying consumer stocks like Apple? Does the company spend 10,000 a month to get you to come here and buy stocks that all stupid fund managers would buy? ”

The trader should not dare to speak, he knew that even if he was reasonable, he would not be able to compete with the company celebrity in front of him, so he had to take a deep breath and said: "I have seen this consumer stock, it sells duck neck and some marinated products, 9,000 stores will be opened this year, and it is possible to break through 10,000 stores next year, and the current price is ......"

"Don't say it, your point of view is worthless, it's better to buy the natural gas concept stocks that have risen sharply recently."

Zhang Yi's actions made many people present frown, and at the same time, many traders who wanted to express their opinions were discouraged, and they didn't want to be scolded by Zhang Yi after expressing their opinions.

Zhang Yi chuckled, a group of rabble, the company expects them to make money? You don't have to think about it to know it's impossible.

A female trader with similar trading performance to Zhang Yi broke out at this time.

"Don't come to this meeting if you don't want to give good advice, the whole company is like your family, and the chairman recognizes you as a godson or a grandson?"

Zhang Yi looked at Qin Lan with disdain, if it was before, he might have looked up to this excellent trader, but now......

"Attending meetings is about providing a better way to make money, and the one who just made it is also called a suggestion? If the level is not enough, don't come out and be embarrassed! ”

Zhang Yi's words made everyone who was already in an embarrassing atmosphere suddenly become very angry, what does it mean to not be able to provide a point of view to make money? They did their best too, okay?

"You make a little money through Baiju Chinese and you are lawless?"

"That is, you think you are Warren Buffett? Warren Buffett isn't as crazy as you! ”

"If the character is not good, what is the use of a good transaction?"

Zhang Yi chuckled again, and then his face became hideous, "Make a little money?" Zhang Yi said loudly, "I bought $20 million when the option was $4, and now the option price is $20, you tell me a little money?" The brain was eaten by a dog, right? ”

After Zhang Yi finished speaking, no one dared to refute, it is a fact that Zhang Yi has made a lot of money, and he is indeed one of the most capable traders at present.

The atmosphere was once again awkward, eerie, and uncomfortable......

After a while, Qin Lan sighed: "I'd better resign, I can't stay here." ”

"Slow down and don't send it." Zhang Yi said coldly......

At twelve o'clock in the evening, Tomomi Mishima, Jack and Blake gathered in a villa, three bedrooms, three computers in the living room, a sofa near their right, and a computer table with coffee, beer, potato chips, and sushi.

At this time, the price of Baiju Chinese Network has reached $60 per share, which can be said to be one of the most trending stocks after the listing of Chinese concept stocks.

Looking at the constantly beating green numbers, Tomomi Mishima smiled.

Tonight, Baiju Chinese Network will experience a huge decline!

After Jack hung up the phone, he made an OK gesture: "Wall Street hedge funds and some influential media in the United States are ready, just wait for you to issue a short order, Miss." ”

Mishima Tomomi did not speak, but quietly looked at the K-line time-sharing chart of Baiju Chinese Network.

Jack didn't speak when he saw this, and watched Huaxiaguo's kung fu blockbuster on the Internet.

I have to say that Jack especially likes the environment of watching movies in Huaxia, you don't have to pay money, you can find a lot of free movies when you search the Internet, where it's like the United States, everything has to be charged and taxed.

In the capital market, it is not only some bears such as Tomomi Mishima who pay attention to the stocks of Baiju Chinese Network.

At this time, the long funds represented by Zhang Yi also joined this game, and at 12:20, Zhang Yi bought a two-month call option on Baiju Chinese Network with a full position of 130 million US dollars, and he saw the trend of Baiju Chinese Network today, and a kind of confidence inexplicably emerged in his heart.

"Buy call options in a cross position, according to the trend of today's stocks, how can I say that the options can also rise by 20 percent, and then I will sell them, and the profit of 26 million US dollars will be in hand, and see what else that group of stupid traders have to say." Zhang Yi thought in his heart.

At half past one in the morning, Blake and Jack were slightly tired, and the price of Baiju Chinese Network had risen to $63 a share, an increase of 5%.

"Okay, okay? I'm going to sleep in the evening. Jack yawned.

Mishima nodded, Jack's spirits instantly brightened, and Blake saw this, tapping his fingers on the keyboard and began to establish a short position.

After Jack re-opened a short position with Black, he made a phone call and went out, and after a few words, he hung up.

At this time, New York, USA, was sunny and sunny, and countless people were walking hurriedly on the street, converging into a beautiful urban picture.

Charles is not good-looking, only 1.65CM tall, but weighs 150KG, giving people the feeling of an American hippie in the sixties and seventies.

He was panting towards his company's location, and after hanging up Jack's phone, he called the company's traders to open a short position.

Although as the founder of the "Heavenway" fund on Wall Street, after seeing the short-selling analysis report of Baiju Chinese Network, he still can't stop applauding, and many of the research ideas in it make Charles's eyes bright.

After Jack hung up, he made another call to several other hedge fund managers and the American media.

For a time, the undercurrent is surging, and Wall Street, which seems to be comfortable but fiercely competitive, is now staging an unprecedented trading conspiracy.

At two o'clock in the afternoon, the founder of the "Tianlu" fund said on Twitter that the financial report of Baiju Chinese Network was suspected of fraud, and the annual salary of the company's senior executives did not even have 200,000 US dollars, but one person and a Ferrari, in some "words" Charles alluded to the use of his position to hollow out the listed company, and the picture of Yang Hua doing maintenance for Rolls-Royce in the 4S store was also attached.

Charles started his work today after tweeting, believing that with the network of Wall Street ellipses, he could find out who the person in the photo was in a matter of minutes.

Within two minutes of the news being released, it was reposted by many media outlets who followed the investment master, and some people with special intelligence networks sent people to verify the authenticity of the picture.

Five minutes later, the intelligence network's high efficiency allowed them to get all the information about the photo.

Some hedge funds that were an afterthought started to try to open short positions, but they immediately realized a problem.

At this time......

There are no coupons to borrow.

As a last resort, they can only buy one-way put options.

At 2:10 p.m., the stock price of Baiju Chinese Network fell from 5.4% to 3.4%, and some retail investors who were watching the market at all times felt that this matter was not a big deal, and they saw more such things as capital flight and short-term stock price correction.

Can......

This is not an ordinary pullback, after falling to 3.4%, the stock price did not experience the usual tick line to attack again, but like a football in free fall, 2.6%, 1.25%, -1.42%, -3.23%, -5.57%, until the close of -13%!

Shares of Baiju Chinese went from rising nearly 6% to falling 13% in just two hours, reaching $52.2 a share.

This scene has dumbfounded retail investors who have recently been long Baiju Chinese and have made a lot of profits.

Message side, perfect!

Fundamentals, perfect!

And the stock price, -13%!

They carefully flipped through all the analysis reports on this stock, found nothing, did not have any negative news, and the stock price fell by 13% for no reason!

Savvy retail investors who pay attention to the volume of options trading immediately discovered the problem, and the volume of put options has increased significantly, which means that the bears have adjusted their posture to attack.

The trading volume of Baiju Chinese.com is weak, and it is about to be unable to support the current stock price......

These shrewd retail investors cut their meat and cleared their positions when the decline was not large, and avoided this wave of cliff-like decline.

At 3:40 a.m., some unknown bulls and retail investors saw the negative news of Baiju Chinese Network, and there were two main reasons for the decline:

First, a legendary investor in the U.S. short-selling field tweeted that the stock was suspected of financial fraud, and attached a photo of Yang Hua in the 4S store.

Second, some media actually hammered the person in this photo is indeed Yang Hua, the president of Baiju Chinese Network, and exposed his salary on Baiju Chinese Network, and mentioned in some American securities newspapers that Yang Hua's annual salary is only less than 100,000 US dollars, and it is impossible to buy a Rolls-Royce!

At four o'clock in the morning, the mobile phone alarm clock next to Zhang Yi rang without warning, and he pressed "Stop" with the trembling thumb of his right hand. ”

The entire trading department suddenly fell into a dead silence, and Zhang Yi never expected that Baiju Chinese Network would plummet.

If he had bought stocks, a 13% drop would really not be a big deal for him, because he had already made a lot of money for the company.

But......

He bought a call option, a high-risk, high-yield financial derivative instrument.

Looking at the nearly 90% drop on the account, Zhang Yi suddenly thought of a person, his cousin at home!

His cousin is very obsessed with stocks, and he can tell a lot of stock market news when he opens his mouth, and the last time Zhang Yi saw him was in the newspaper in '08.

A newspaper titled "Stockholders Jump Off Buildings Due to Unbearable Losses".