Chapter 496: The stock price has risen to the sky! (Ask for a subscription, ask for a monthly pass)
Following.
A piece of gossip popped up out of nowhere and circulated in financial circles.
Two Wall Street Merrill Lynch mid-level executives were in front of the coffee shop, chatting about it while waiting for takeaway coffee.
The taller white man said, "Have you closed the short position of your client, First National Bank of Boston?" ”
Another short and fat white man said: "Those who can persuade to close have been flattened, there are a few customers who have their own opinions, the stock price of First National Bank of Boston has skyrocketed in the past few days, and they have lost a lot, and it is estimated that they will come to me to close it in the next two days." ”
The tall man shrugged his shoulders and said, "I advise you to contact these customers before the market opens, so that they can close it after the market opens." ”
The short and fat man knew that his colleague would not be lost, and he was shocked and asked, "Did you receive any inside information?" ”
"I'm not sure if it's inside information, but I have a friend who works at First National Bank in Boston, and she told me that Huajin Capital may be the second largest shareholder." Tall man said.
"Huh? The second largest shareholder? The short and fat man didn't quite understand, "What the hell is going on?" ”
Only then did the tall man say all the information he had learned in one breath, "Didn't Huajin Capital announce that it had obtained an option of 8% of the shares of First National Bank of Boston?" And then I heard that they had a private agreement with another major shareholder of First National Bank in Boston, that they would buy all the shares held by that person, about 10 percent, and you calculate 8 percent options plus 10 percent of the shares, and that together is 18 percent? Chase Bank now holds 30.9% of the shares as the largest shareholder, and if Huajin Capital acquires this 10% of the shares, isn't it the second largest shareholder? ”
The short and fat man was shocked and said, "Is that really the case?" This news will definitely make the stock price of First National Bank of Boston skyrocket, and it will all be blown up at that time, no, I have to contact the customers quickly. ”
Saying that, he didn't wait for coffee, and rushed towards the company with his legs.
The same thing is happening with various financial institutions on Wall Street.
"Huajin Capital is going to war with Chase Bank!"
"One is 18 percent of the shares, and the other is 30.9 percent of the shares, on the surface, there is a huge disparity in strength, but Ji Cheng has a very good relationship with several other shareholders of First National Bank in Boston, and if they join forces to fight, it is enough to make Chase Bank drink a pot."
"I'm afraid that the purpose of Huajin Capital is not just to obtain 18% of the equity, I received a news this morning, Riben Bank is said to have lent 6.8 billion US dollars to Ji Cheng, you think about this point in time, borrowing such a large amount of money, Huajin Capital is probably trying to conquer other small shareholders to obtain equity!"
"Once Huajin Capital conquers the other minority shareholders of Boston First National Bank to obtain equity, I am afraid that the shares held by Chase Bank can be completely suppressed within the group."
"What's even more terrifying is that Ji Cheng is now a member of the Boston consortium, and it is easier for him to get a board seat than Chase Bank after he obtains a stake in Boston First National Bank, after all, there is other people's support, and when the board seat is dominant, Chase Bank will not play a role in holding a large number of shares in Boston First National Bank."
"Chase miscalculated!"
"I'm afraid the Rockefeller family will lose their wife and soldiers this time!"
"Don't talk, wait until the market opens to close the short positions for the customers."
"Yes, close the shorts."
Many people in securities companies on Wall Street think like this, after all, they rely on their customers for food, and naturally hope that customers earn as much as possible.
Everyone thought that they had received first-hand top-secret information and were fully prepared.
However, something that no one expected happened!
After the stock market opened that day, the stock price of First National Bank of Boston rose instantly!
The First National Bank of Boston went from an opening price of $81.25 to $85.72 at once!
It's only been a while since the market opened!
The group of financial people on Wall Street were dumbfounded!
"My Fack!"
"Why did Boston's First National Bank stock price rise so much?"
"So much that it went up by $4.5 at the opening?"
"What the hell is going on?"
"How is it possible that the stock price has risen so much? Is there something going on that we don't know about? ”
Wall Street's major hedgers were taken aback by the astonishing stock price increase, and it stands to reason that even if there was a grapevine that Huajin Capital was going to acquire 10% of the shares, it would not react so quickly.
But then, someone inquired about the specific news!
It turned out that the money that Riben Bank promised to lend to Ji Cheng had already entered the account of the Beautiful Country Bank!
And I don't know who dug up a terrifying inside information, that is, Huajin Capital has put a full eight billion dollars of funds into the stock market account, and it seems that it is ready to do big things next!
】
It has just been rumored that Huajin Capital is going to acquire another 10% stake in First National Bank of Boston, and here it has thrown all the liquidity of $8 billion into the stock market account?
It's a person who carefully analyzes and knows what Huajin Capital wants to do!
This is trying to repair the plank road in the dark!
On the surface, he told everyone to use the $6.8 billion loan from the bank to acquire 10 percent of the shares of the First National Bank of Boston, after all, according to the current value of a single share of the First National Bank of Boston, $6.8 billion can buy almost 10 percent of the shares.
If Huajin Capital didn't buy shares in First National Bank of Boston, how could it be such a coincidence that it happened to borrow $6.8 billion from Riben Bank?
There's really nothing wrong with that.
The problem is that the rules of the stock market are that there is no need to disclose to the outside world before holding 30% of the shares, and Huajin Capital has mobilized a huge amount of $8 billion into the stock market account at the time when it is preparing to acquire 10% of the First National Bank of Boston.
"Fak Ji Cheng!"
"Ji Cheng, I have a tongue!"
"Damn Joaquin Capital harms people!"
"You're secretly doing this kind of thing to make the stock price skyrocket, don't you want to force us to death?"
"Salamambi Pool! Ji Cheng, I can't wait to kill you! ”
Wall Street was scolding violently, all of them were scolding Ji Cheng, they really had the heart to kill Ji Cheng.
But will scolding fix things?
Definitely not!
At the same time, the group of financial people was furious and helpless, so they could only pinch their noses and admit it, and close the short position in their hands as soon as possible.
Of course, not everyone has closed their shorts, they feel that the stock price will always fall back when it soars abnormally, so they want to see if they can hold out until a small pullback and then close the shorts, so that the loss is smaller.
But what makes this group of people desperate is that the stock price of First National Bank of Boston has risen like crazy today!
At 10 a.m., the stock price rose from $85.72 to $90.3!
At 10:32 a.m., the stock price came to $94.7!
Almost as soon as the stock price changed, the stock price ushered in a skyrocket!
In the afternoon, it was even more terrifying!
One hundred and two .six dollars!
One hundred and thirteen.four dollars!
By the time the afternoon market closed, all Wall Street financiers were dumbfounded!
Boston's First National Bank stock price soared to $200.69, a one-day increase of 147 percent!
"It's over!"
"All the bears have been blown up this time!"
"Why? Why didn't we close our shorts right away? ”
"We're going bankrupt, our company is going bankrupt, hahaha!"
Some small financial institutions on Wall Street originally shorted First National Bank of Boston to make some money, but they didn't expect that within a day, all the shorts they made were blown up by shocking gains!
The owners of several small financial institutions couldn't accept the reality that the company with huge losses was about to go bankrupt, and even committed suicide by jumping off the building!
The evening news is also constantly reporting on the soaring stock price of First National Bank of Boston and the suicide of short-selling institutions, and the news host even appeals to the public that financial management is risky and investment needs to be cautious!
……
It's so big that Chase doesn't know what's going on?
Not to mention Chase, even Lawrence, who hid at home today and didn't go out. Rockefeller was also completely stupid when he stared at the stock price displayed on the computer!
A one-day increase of 147 percent?
Why don't you break the sky when you step on a horse?
Lawrence. Rockefeller didn't say anything for a long time.
Just then, the phone rang, waking him from his musings.
Lawrence. Rockefeller answered the phone.
Before he could speak, there was a message from the other end. Morgan's voice, "Lawrence, if you don't make any more moves, I'm afraid the First National Bank of Boston will be monolithic." ”
"Are you saying that Ji Cheng's kid will get ten percent of the shares of First National Bank in Boston?" Lawrence. Rockefeller asked rhetorically, and then he didn't give the other party a chance to speak, and continued: "I already knew about this matter, and I probably knew who Ji Cheng's kid might get these shares from. ”
"You know you haven't moved yet?" Henry. Morgan was speechless, "He has transferred eight billion dollars into the stock market, if he buys a large number of outstanding shares, and then gets 10 percent of the shares from Edward, plus the support of the other four members of the Boston consortium, I am afraid that the 30.9 percent of the shares held by Chase Bank will not work." ”
"The reason why I didn't act was because I wanted to see what Edward would do, and the stock price is too high now, and it will cost me more if I act rashly." Lawrence. Rockefeller explained: "Yesterday I heard that Edward had a falling out with the Boston consortium, and I called him, and on the phone, he expressed his willingness to join us, but there was a special request, because he signed a non-compete agreement when he cooperated with the Boston consortium, so he couldn't directly exchange shares with us, but could only sell the shares to us for cash first, well, he asked me to buy at a premium of 20 percent, and when the time limit of the non-compete agreement passed, he wanted to use the cash to get a stake in Chase Bank." ”
He paused, "I was afraid that there would be fraud, so I didn't agree immediately." ”
Indeed, when it comes to equity, anyone has to make a careful decision.
If Edward had simply sold his shares to Chase, Lawrence. Rockefeller didn't have to think about other things at all, just spend money to buy it, but Edward put forward a more excessive demand, that is, after a certain period of time, he must take this cash and obtain equity at a premium of 5% of the market value of Chase Bank at that time, and become a shareholder of Chase Bank.
Judging from this move, Edward seems to really want to surrender, because otherwise he gave up the shares of the First National Bank of Boston, except for the cash in exchange, it is equivalent to nothing, as long as a person who knows a little about investment knows that doing so is very unfavorable to himself, and losing the control of major enterprises is equivalent to losing his social status!
But Lawrence. Rockefeller also inquired from other sources that Edward didn't seem to be sincere, so how could he risk taking Chase Bank's shares as a bet?
"Don't look at it, and then look at the shares of First National Bank in Boston, which will fall into the hands of Ji Cheng." Henry. Morgan said decisively: "Since Ji Cheng has mobilized a lot of money into the stock market, it must not be as simple as wanting to obtain ten percent of Edward's shares, and he has not really announced that he will continue to increase his holdings of Boston First National Bank's shares Today's stock price has risen so much, if he really makes a move, I am afraid that the stock price of Boston First National Bank will rise in the next few days, and then it will be more difficult for you to get those shares in Edward's hands, and you will pay a greater price!" ”
Henry. Morgan's analysis is not wrong at all.
Can Lawrence. Rockefeller felt that today's stock price soared by 147% has already paid a lot more price, he thought about whether to delay for a while, wait until the stock price falls back and then negotiate with Edward, in his opinion, if Edward has a problem, he will not really sell the equity to Ji Cheng, but if there is no problem but sell, then there is only one possibility, that is, Edward was indeed expelled from the Boston consortium, so he had to be forced to sell his shares to Joaquin Capital!
Of course, he will definitely not let Edward sell his shares in Boston's First National Bank to Ji Cheng, as long as there is such a sign, he will make a move as soon as possible.
"I know what to do."
Lawrence. Rockefeller didn't listen to Henry. Morgan's opinion casually responded, "Let's see tomorrow's stock price." ”
Henry. Morgan didn't say much, just persuaded a few more words, and then hung up.
Lawrence. Rockefeller put the microphone back on the rack, sat there and thought about it, and finally decided to buy insurance, he picked up the phone again, dialed a number, "Prepare seven billion for me first." ”
Let's hope the stock price will fall tomorrow.
Lawrence after the call. Rockefeller is still looking forward to this.
……
Unfortunately, things didn't go in the way of Lawrence. Rockefeller was looking forward to the development.
As soon as the stock market opened the next day, Boston's First National Bank stock price ushered in another surge!
At 9:45, the stock price of First National Bank of Boston came to $212.3!
At 10:10, the stock price skyrocketed to $28.7!
Then the stock price rose even more exaggerated!
Two hundred twenty-five and four dollars!
Two hundred and thirty-seven .thirty-three dollars!
Two hundred and forty-six .fifty-eight dollars!
By the time the market closed, Boston's First National Bank stock price had skyrocketed from yesterday's closing price of $20.69 to $375.29!
In one day, the one-day increase reached a terrifying 87 percent!
The stock price has risen to the sky!
Lawrence. Rockefeller looked at this terrifying closing price, his whole face turned pale, and he sat down in his chair in disbelief, he finally couldn't hold on!