Chapter 36: Shorting Stark
When leaving the pharmacy, Ling Xiao subconsciously glanced up at an apartment across the street, and a slight sneer appeared on the corner of his mouth.
Those two unlucky guys are probably still asleep, but Ling Xiao sneaked into the apartment last night and gave each of them a small lesson, ensuring that they will have back pain and leg cramps every day for the next few weeks.
After leaving the pharmacy, Ling Xiao didn't go to see Xiao Si, they made an appointment a little later, and Ling Xiao really went to a stockbroking company on Wilcher's Avenue in Beverly Hills in the morning.
Wilcher Boulevard, home to Beverly Hills' banking and commercial buildings, is home to countless of the top department stores.
The nearby Beverly Mall is also a favorite of many celebrities, with nearly 180 specialty stores in the center, and its exterior is quite special, with transparent escalators on the periphery and heavy rock restaurants, such as the makeshift hospital for the movie "Volcanic Eruption".
When he was at home before, Ling Xiao didn't tell Gan Jing the truth, he actually invested $1.7 million in Stark Industries, but instead of buying stocks directly and waiting for it to appreciate, he directly shorted it.
The $1.4 million that just arrived a few days ago, plus the more than 300,000 private money that Ling Xiao had saved during this time, were all invested in short selling by Ling Xiao.
Stock shorting means that when an investor expects a stock to fall in the future, he sells the stock he does not own when the current price is high, and then buys when the stock price falls to a certain extent, so that the difference is the investor's profit.
Theoretically, it is to borrow and sell first, and then buy and return it. Generally, the formal short market is a platform with a neutral position to provide borrowing.
Actually, it's a bit like the open money model in business. This model can make a profit in the swing of falling prices, that is, borrow the goods at a high price and sell them first, and then buy and return them after the price falls. In this way, the buy is still low, and the sell is still high, but the operation procedure is reversed.
Although Ling Xiao didn't know how long Tony Stark had been kidnapped, Tony Stark announced the closure of all the Stark Group's weapons departments as soon as he returned.
For an arms company, this means that his main business will be closed, his annual turnover and annual profit will fall, and its stock will naturally plummet, or even be cut in half, which can be regarded as his luck.
With such prophetic news, Ling Xiao didn't know what to do, so he invested all the money in his hand that Gan Jing didn't know.
Ling Xiao parked his car in the underground parking lot of a building, and this time no one was following him, of course, it was very likely that the opponent was too clever to even be noticed by Ling Xiao. If it is really such a master, it will not be used to track Ling Xiao, and it will be used to start directly.
After locking the car, Ling Xiao took the elevator directly to the eighteenth floor of the building. Because he had made an appointment in advance, Ling Xiao came directly to his stockbroker's office, and at this time, the other party was also watching the news on TV.
"According to a report by our correspondent in Afghanistan, it has been confirmed by the military that Tony Stark, chairman of Stark Industries, was attacked by terrorists in Afghanistan yesterday afternoon. It is reported that this time Tony Stark came to Afghanistan to show the military Stark Industries' Jerry missiles, and this large military purchase order of up to 2 billion US dollars is the reason why Tony Stark came to Afghanistan.
It has been confirmed that a total of fourteen U.S. soldiers in the three Humvees protected by Stark have all been killed, and the remains of the soldiers have been found, but Tony Stark's body has not yet been found, and it is very likely that he is still alive.
No group has claimed responsibility for the attack, and the stock price of Stark Industries has taken a big plunge since the stock market opened this morning......."
Seeing Ling Xiao enter, the middle-aged man who was sitting in the office chair and watching TV immediately stood up, walked out with a smile, and said while shaking hands with Ling Xiao: "Ling, your judgment this time is very accurate, Stark Industries' stock has really fallen sharply, and you are afraid that you will make a lot of money this time." ”
"Hello, James!" Ling Xiao smiled and shook hands with his stockbroker James Dean, and said very modestly: "I'm just a little lucky, by the way, how is the stock trend now?" ”
"Come on, come over here." James Dean beckoned Ling Xiao to a computer and said to Ling Xiao: "You see, now the stock of Stark Group has fallen to $124 a share, and it has fallen by $104 a share, a decline of 16% and even continues to fall. ”
"Hmm!" Ling Xiao nodded lightly and asked in a low voice, "James, how do you expect Stark Industries' stock to fall?" ”
"It depends on how the situation develops." James Dean groaned for a moment and said, "If there has been no news of Tony Starka, then the stock of Stark Group will fall by about 70%. After all, although Tony Stark is very important to Stark Industries, the real person in charge of Stark Industries is actually the group's top executive Obadiah Stein, who is also the third largest shareholder of Stark Industries, and with him, Stark Industries' stock will not fall there. And ......"
"And what?" Ling Xiao frowned slightly, he had a bad premonition.
"After Stark Industries' stock started to fall, I noticed that there were people who were selling off Stark Industries stock in large quantities, otherwise Stark Industries stock wouldn't have fallen so fast with Obadiah Stein's methods." James Dean's face showed a trace of worry, traders like them are most afraid of the bloody stock market predators, which makes their previous judgment completely useless.
"Could that person be Obadiah Stan himself?" Ling Xiao touched his chin and whispered.
"Obadith Stan, how could it be Obadith Stan?" James Dean looked at Ling Xiao in some surprise, frowned and asked, "Ling, do you have any inside information, otherwise you wouldn't have been so accurate in grasping the precise time of the fall of Stark Industries' stock?" ”
James Dean has reason to be suspicious of Ling Xiao, because only three days ago, Ling Xiao approached him through UCLA alumni connections and asked him to help short Stark Industries' stock.
At that time, the market was very optimistic about Stark Industries' stocks, after all, Stark Industries was likely to win nearly $2 billion in arms orders from the Ministry of Defense, but at this time, Ling Xiao came to the door and directly asked to short Stark Industries' stocks, which is very interesting!
As an alumnus, James Dean, who graduated from the Anderson School of Management, persuaded Ling Xiao a few words, and seeing that he was still so stubborn, he could only agree to his request, after all, no matter whether Ling Xiao made money or lost money, his commission in this business was unchanged.
But now it seems that everything is very strange, in three days, the change came, Tony Stark was arrested in Afghanistan, Stark Industries' stock plummeted, coupled with Ling Xiao's suspicion of Obadiah Stein just now, James Dean could not help but have such a conjecture.
"What can I do the inside scoop?" Ling Xiao smiled lightly and said very calmly: "James, I'm just a small businessman who runs a pharmacy, and this time I mortgaged the house to make such a sum of money, as for the inside information you said, I don't have any inside information, I'm just betting that Stark Industries won't get an order from the Ministry of Defense." After all, although the quality of Stark Industries' arms is good, the price is generally high, and the Department of Defense will not necessarily purchase the arms of their group, and with the Hammer Group on the side, such a thing is not impossible. ”
"Is that so?" Hearing Ling Xiao say this, James Dean's tone soothed, after all, Ling Xiao's explanation was also very reasonable, and it was normal to take a gamble at this time.
Thinking of this, he couldn't help but smile, what's wrong with him, it's not that he hasn't investigated Ling Xiao's background, this is just an ordinary junior college student, what kind of means can he get such inside information, he is also suspicious.