Chapter 41: Shorting Lehman Brothers

"What do you mean by Ji Cao Be6?" Fu Shen asked.

He is also an old netizen who has been online for many years, and he has been stealing his family's money to go online since junior high school, and he is even more frugal in high school to save money to go online.

It wasn't until I went to college and had my own computer that I realized the freedom of the Internet.

As an old netizen who surfs the Internet every day and is familiar with various Internet hotspots, he has never heard of this "Ji Cao Don't 6".

"Basic operation, don't shout 666. It means to calm you down. Lu Cheng explained.

"Damn, boss, you're so talented. Ji Cao Be6, this sentence is too hanging, how did you come up with it? ”

Float and sink were shocked.

I kept silently reciting "Ji Cao Don 6", as if the New World had discovered Columbus, and I couldn't wait to go to the major forums everywhere to find an opportunity to say a few words.

Too talented?

Lu Cheng saw this Internet meme in the prehistoric era and picked his toes in embarrassment.

This sense of age is full of electronic pulp!

"Are all the channels of the three major operators on board?" Lu Cheng asked.

Although smartphones have not yet been born, however, today's mobile phones can also access the Internet, but the Internet speed is full, and you can't watch videos.

After all, the 2G network is still used here, "ten minutes of surfing the Internet, two hours of part-time work", and the traffic fee is frighteningly high.

At present, in the online literature industry, it can be regarded as a distribution channel, that is, the wap side novel websites of the three major operators.

In particular, the largest mobile reading base, in the entire online literature industry, in the field of paid subscriptions, belongs to the king in the absolute sense.

What half of the country?

If you really want to calculate it, the number of subscriptions and the sales of novels in the mobile reading base may exceed 70% of the entire online literature industry, or even higher!

As a result, almost all websites regard mobile reading bases as their main source of income.

With the exception of the industry's leading Destination Literature, all other websites, big or small, are basically making money from mobile reading bases.

""Fighting the Sky" is currently 460,000 words, and when it reaches 500,000 words, it will be ready to move, almost four days later!" Fu Shen replied.

The achievements of the mobile side are related to the future of the entire Hanhai literature.

After all, the subscription on your own website is a small head, not to mention 10,000 subscriptions, even 230,000 subscriptions, and it is impossible to rely on a single book to feed the entire website.

"That's good!"

After confirming that "Fighting the Sky" was going to be moved, Lu Cheng breathed a long sigh of relief, and he could finally rest assured.

In the previous life, "Fighting the Sky", but in the mobile did a peerless 3 million orders, the first in history.

Even in another ten or twenty years, there will not be a single book that surpasses its achievements.

At that time, "Fighting the Sky" only took 20% of the channel income, which was as high as millions every month.

And now, Lu Cheng is opening his own website and going on his own channels.

Hanhai Literature can get 40% of the subscription revenue, and according to the 80% share ratio of the contract, Lu Cheng can get 32% of the channel income himself.

That's 12%!

This equates to a 60% increase in revenue.

Wang Guangxin: "Boss, this chapter says that I can handle it alone." However, if you want anti-piracy tracking, you need to recruit at least two more people to get it. ”

Lu Cheng: "Move!" You go and hire two reliable and experienced programmers. In addition, I will add 1000 to your salary, and the monthly salary will be 6000 from next month, and the technical director will never be lower than the salary of the people under him. ”

Wang Guangxin: "Thank you boss, I will work hard and will definitely live up to the boss's cultivation!" ”

Even through the screen, Lu Cheng could see his excitement.

As soon as I came, I became a regular, with five insurances and one housing fund, and a salary increase of 1,000 in the second month, and accommodation was included, and I stayed in a serviced apartment for free.

This treatment, even if it is placed in a first-tier city, is quite good, let alone in a small county like Qinglong.

Of course, programmers are the core of a website, whether it is the repair of bugs or the usual operation, they have to rely on them.

Lu Cheng knows that he can save any money, but he can't save the salary of programmers!

Ying Bao: "Boss, can I just update the novel every day?" Do you have any other work that you need to ask me to complete? ”

Yingbao, who wears Nini Sakurada's portrait, is a new employee introduced by her father and serves as the secretary to the chairman.

It is said that he used to study flight attendant majors, but later because of the difficult conditions at home, he gave up the opportunity to apply for the flight attendant examination, and instead entered Qinglong Arts and Crafts Co., Ltd. and became a very ordinary salesman.

Recently, due to the shutdown of the factory and the demolition of the factory, she just lost her job, so she was introduced to Lu Cheng's company by Lu Zhenghua.

However, when she joined the company, Lu Cheng had already gone to Tianhai.

So much so that Lu Cheng has never seen this "Yingbao" so far.

"In the update tomorrow, you add a sentence at the end of the chapter - 'Lehman Brothers can't hold on until someone saves it'."

"The day after tomorrow, I will add another sentence - 'Lehman Brothers' second-quarter earnings report is so miserable, I guess it is about to go bankrupt'."

"In this way, I will write a manuscript and send it to you, and you will send it day by day according to the manuscript."

While chatting with the new secretary of the board of directors, Lu Cheng searched for Lehman Brothers related news on the Internet.

On June 10, Lehman Brothers reported second-quarter earnings with a loss of $2.8 billion and earnings per share of -$5.14.

On June 12, Lehman Brothers replaced both the chief operating officer and the chief financial officer.

On the same day, Lehman Brothers shares plunged 4.42%.

Everything is in line with the subprime mortgage crisis in the previous life.

Ying Bao: "That's it? ”

Lu Cheng: "Then you can buy me a cup of milk tea." ”

Ying Bao: "Okay, boss! ”

crossed the chat box, and Lu Cheng opened the U.S. stock account.

Last time, he took 5 million stud Taishan cement, and he earned more than 7 million in two weeks.

2 million invested in Hanhai Literature, whether it is to continue to attract traffic or recommend it on mobile, it needs to spend a lot of money.

Not to mention that there are four more employees to feed, and soon there will be six employees.

As for the remaining 10 million, it was all converted into US dollars by Lu Cheng and put into the US stock account.

Stud!

Short Lehman Brothers in its entirety.

The current dollar exchange rate is 1 to 7, and 10 million can be exchanged for about 1.4 million dollars.

The share price of Lehman Brothers has fallen to $22.

Stock trading is a kind of gambling.

To go short is to bet small, and to go long is to bet big.

With $1.4 million as the principal, Lu Cheng borrowed $1.4 million worth of Lehman Brothers shares from a brokerage, about more than 60,000 shares.

agreed with each other for a time, and after expiration, Lu Cheng returned more than 60,000 shares and paid a certain amount of interest.

For the brokerage, he still owns more than 60,000 shares, which is not less at all, and at the same time earns a sum of interest money.

However, for Lu Cheng, he had to bet that the stock price would plummet.

For example, after borrowing a stock, sell it for $100, wait for the stock price to plummet, and then buy it back for $50 and return it to the broker. The difference of $50, deducting interest and handling fees, is Lu Cheng's net income.

After all, U.S. stocks don't have to pay taxes!

"Sell!"

With a click of the mouse, Lu Cheng confirmed the sale of all Lehman Brothers stocks.

63,600 shares, worth $1.4 million, a one-time short sale!

Dute was reborn before the subprime mortgage crisis in '08, if you didn't short Lehman Brothers, would you still be human?