Science and Technology Complex Building.

"There was a little accident, the southbound funds were heavily copied, I still underestimated the strength of the domestic small scatter, and also underestimated their confidence in you, or superstition?" Qin Weimu said, she just came over.

The market value of Bluestar Technology plummeted by $500 billion, but in Qin Weimu's original expectation, it should be cut in half.

The result did not fall below psychological expectations, and it also means that this trading will make at least about 12 billion US dollars less profits.

But it's also true that there is money.

Like today's U.S. stocks, there is basically no small scattering in the market, and the main institutions are fighting the game.

Only the power of big A and small scatter is amazing, but it is just a plate of loose sand, and the combat effectiveness is only 5 scum.

This time, Bluestar Technology fell sharply, and the market trend was abnormal, but it was normal, because domestic shareholders often worked against the main force, and every time they were cut.

And this time it is still a pick-up, continuous bottom-taking.

Luo Sheng grinned and said: "This is called the fortune that can't be stopped, the little scattered people really copied it to the end this time, it seems that many people who eat melons have mastered the 'wealth code' hahaha, knowing that you can eat meat with the archbishop, don't care about the news and emotions on the market, you can make money as soon as you close your eyes and have no brain, but you can make money, and those who have a reasonable analysis will lose money." ”

That's how the market is fascinating.

There are a lot of small scattered people in China who are very upright, and as soon as they close their eyes, they will be done, as for the result, look at the sky.

Compared with some old leeks, they are looking at the company's performance and financial reports, personnel changes, economic trends, industry dynamics, and leveraged funds......

"Brother Luo, the time is almost up, and the special car is already waiting outside the door." At this time, An Qingxue reminded her.

"Hmm."

Luo Sheng nodded, immediately got up and went out, taking a special car to the headquarters of Bluestar Technology, the press conference has been arranged, and the media who came have arrived early.

……

Twenty minutes later, the media reporters at the press conference saw that Luo Sheng finally appeared, and everyone stood up collectively and took pictures frantically.

The party finally appeared, the strongest "big short" in history is Luo Sheng's hottest title at present, and many people hate him because of it, but there are as many people who worship him, if not more.

In a sense, he is a superhero in the minds of many people in China, and he has exploded the mentality of Wall Street, which is rare in the world.

This was something that didn't happen before, and such deeds are enough to become a legendary topic that people talk about after tea and dinner.

As soon as Luo Sheng arrived, the chatter of reporters instantly turned the quiet hall into a vegetable market.

"Mr. Luo, in response to the SEC's accusations, the Financial Times wrote today that the management of Bluestar Technology has turned from shock to anger at the SEC's accusations, is this true?"

"Mr. Luo, what is your response to this incident?"

"Bluestar Technology's stock market has plummeted, and there are rumors that you are shorting yourself again, is the news true?"

"In its 24-page complaint, the SEC said you allegedly misled investors about a complex debt-backed security tied to a dangerous subprime mortgage. How do you explain the wave across Wall Street, and the strong demands in North America and Europe for new accusations of mischievous manipulation during the financial crisis? ”

“……”

……

The host of the press conference immediately said: "Quiet, quiet! ”

After a while, it finally quieted down, and the reporters sent by the major media organizations who attended the meeting also sat down again.

In the end, Luo Sheng, who was standing alone on the podium, finally spoke, only to see him argue with a serious expression:

"First of all, I am personally shocked by the SEC's decision on the charges last Thursday, the SEC filed the lawsuit without any prior warning, and for the claim that the case could leave my office, last Thursday, after the news of the SEC's lawsuit, Bluestar Technology shares plunged more than 12%, and then plunged again on Friday, which has already taken a series of blows to my personal and corporate reputation so far, and has brought immeasurable real losses, and we will be nervously watching the stock price in early trading on Monday."

"My legal team will vigorously defend and sue the SEC, and their so-called fraud allegations have absolutely no basis in law and in fact."

Having said that, he was secretly happy in his heart, and the Wall Street bigwigs who followed the press conference in the middle of the night heard his serious nonsense, backhanded a rake, and described himself as a victim to shout injustice, they were so angry that they were spurting blood, and they were already tired of the operation of the SEC's pig teammates.

At the same time, the press conference continued to start a tirade with a solemn face:

"The accusations made against me by the SEC are so conclusive that they expose my perfidy and fraud behind the financial turmoil? I don't agree with that, is that the whole truth behind the crisis? Could the SEC at best accuse me of misleading the world's savviest Wall Street investors in a 2007 'synthetic' CDS transaction? ”

"This accusation looks like a farce, far from conclusive evidence of the financial crisis, but it throws the pot on me personally, when did I have so much energy?"

"Okay, so let's analyze the SEC's alleged fraud, in which I worked with Paulson, a hedge fund investor in the short-selling subprime mortgage market, and Michael, a successor hedge fund. The SEC accused me of allowing the fund house to select mortgage-backed securities for investors to speculate through the CDO, and on the other hand, I failed to inform investors of the fund company's role as a counterparty to the transaction. ”

"With regard to the allegations, we could not find anything in the 2007 CDO offering that Paulson's company would go long with the ACA, and the offering said that I was not the issuer of the trading interest, and since the deal was facilitated, the ACA must have read the documents and must have been very clear about that. It also points out that the ACA has the final say on which underlying assets are included in the CDO portfolio, and that the ACA also excludes multiple assets recommended by Paulson Funds. ”

"More fundamentally, the investment is designed to not hold a mortgage or even mortgage-backed securities, which is why it's called a 'synthetic' CDO, which is simply a financial instrument that allows investors to gamble on the future value of a particular mortgage-backed security without actually owning it."

But in the SEC'S INDICTMENT, it appears that the products issued are actual mortgage portfolios, not bets on those mortgages. So one of the things that I'm wondering is, why can't we give a more explicit description? Perhaps there is no understanding of the difference between a cash CDO and a synthetic CDO, and more likely, knowing this but obscuring the wording of the accusations and confusing the media and the public. ”

"By definition, such CDO transactions are a bet on subprime mortgage-backed securities, and the existence of a short bet is not a secret, but a sufficient prerequisite for the transaction."

More than half of the reporters at the scene were quite stunned, they didn't understand at all, or they didn't understand it, and the operation of these crazy matryoshka dolls of financial derivatives was really more and more confused if they weren't professionals.

Although they couldn't understand it, the reporters saw Luo Sheng's rhetorical posture, which seemed to be reasonable.

Well, you have a lot to say, just believe you.

Luo Sheng, who was on the podium, spread his hands helplessly in the face of the cameras of major media and continued: "As for whether I have the obligation to tell everyone that Paulson and Michael are short subprime mortgages, it is a normal business practice not to disclose the parties to the transaction, but I am more puzzled why I am treated differently? Besides, Paulson and Michael are just hedge fund dealers, and no long-seller would think this would look like a bet against Buffett. ”

"In this case, no one side can stay out of it, Paulson, Michael and IKB and ACA bet, there is no one who is not an expert in Wall Street and ordinary commercial streets, no one can deceive him, and all the chaos is caused by Wall Street, and the basin is on my head? What international jokes? ”

The implication is, if you play with your game rules, you can't afford to lose if I win?

Toad's back, Rippy?

Luo Sheng added: "As for saying that I am short Bluestar Technology, I'm sorry, I don't know where the source is, but I will investigate the source and send a lawyer's letter." I am not obligated to tell everyone that it is a normal business practice not to disclose the parties to the transaction, not to mention that I did not participate in the short selling operation at all, and I did not know or comment on the actions of third parties. ”

"Moreover, I also suffered a loss because of the fall in the stock price, in other words, I suffered a heavy loss because I defrauded the long investor of the trade, and I myself was a long investor of the trade, so I conspired to defraud...... Myself? ”

……

“F***…… I've had enough! ”

When Lloyd, who was far away on the other side of the ocean, saw this, the big guy directly got up and lifted the stool and smashed the screen, and he was angry several times.

Luo Sheng's series of defense responses, listening to the ears of Wall Street bigwigs, are all ridicule and humiliation of their Chiguoguo.

Anyone with a discerning eye knows that he is arguing, the scale of his family fund's assets has multiplied geometrically in the past few years, and this money is conjured out of thin air?

But there is no way to refute it, and apart from condemnation, it does not impose effective legal sanctions on him, nor can it freeze and confiscate the profits he has earned over the years.

The only thing that makes the bigwigs feel a little better is that the current short-selling Bluestar Technology is on the bus, but it is still very angry, and the biggest piece has been swept away by Luo Sheng.

In the afternoon of the same day, when Luo Sheng held a press conference, new news related to him broke out again.

Luo Sheng's family fund holds $850 billion in U.S. bond assets, which is the third largest creditor of the United States, from another point of view, more than that, as long as the petrodollar is not decoupled, it must deal with the dollar, so as long as there are dollars in hand, it can be regarded as U.S. bonds.

That is, to go out of 2 trillion US dollars, the dollar assets in the hands of Bluestar Technology and Cote d'Azur have to be added up, although it is not Luo Sheng's personal, but he has the right to dispose of these funds, and the offshore family fund is not in his personal name, but he can dispose of these assets.

Investors who learned the news suddenly realized that Luo Sheng seemed to be on the cusp of the storm, but in fact the steady could not be more stable, and they all knew that North America would be jealous of Luo Sheng because of the credit of the dollar, even if he wished he disappeared from the earth in an instant, but he had to endure this breath.

It's not that he doesn't want to touch his money, but he can't and doesn't dare to move, at this time, investors are waking up from a dream, and Luo Sheng is afraid that he will win again.

In the last second, they were singing about the stocks of Bluestar Technology, and it is possible that they will further leak on the third day and have a plunge of about 20%, but this sudden news was exposed, which directly led to a big reversal, and the shares of Bluestar Technology suddenly became fragrant again.

By the opening of the stock market next Monday, Bluestar Technology shares jumped high, soaring 32.2%, and the market value returned to one trillion dollars on the same day, with a total market value of $1,153.1 billion in after-hours trading.

This time, the speed of pulling up and taking off is so fast that the world's small and medium-sized investors are stupid, and the leeks are cut away, especially the investors who cut meat at the high point on the last trading day saw the market of Bluestar Technology today...... People are stupid.

……

(PS: Recommend a friend's black science and technology article "Super Science and Technology Navigator", which has been fattened and slaughtered, introduction: rocket engine wholesale, aerospace aircraft maintenance, satellite maintenance and waxing, space junk recycling, organizing space tourism, developing the solar system, and being the navigator of human civilization!) ）