Dong Qiangqiang's Story of Leaving Germany

Chapter 754
"Did it fall a lot?" Dong Qiangqiang was curious, turned around and walked out, but bumped into Qu Shan who was just walking to the door of the classroom.

Qu Shan asked "Why don't you go into the classroom", but he turned a deaf ear to it, Qu Shan muttered "Weird", and walked in by herself.

"Well, (the drop) is more than 1 yuan, and I think 30 (Euro/share) is untenable. This transaction is likely to affect its second quarter report."

"Generally speaking, isn't it that the acquirer's stock price falls and the acquiree's stock price rises?" Dong Qiangqiang didn't read the news and didn't understand the details, "Why did Vivendi's company be acquired, but its stock price fell like the acquirer? Do you know why? I have been paying attention to Vivendi recently, but I haven’t heard any news from the market before.”

"It was said in the news that the pay TV company owed a lot of money to News Corporation, so this acquisition is 7.5 million (Euro) in cash plus 7.5 million (Euro) to write off debts, that is to say, all the money owed by the TV company to Lao Mo Erased, the total is 15 billion, not an all-cash acquisition. As for what you said about the acquired company’s stock price not rising but falling, I understand that this time Vivendi only sold a hot rotten potato in its broken basket, not the All sweet potatoes. The capital market is not optimistic about this transaction. Nine times out of ten, they think that neither party has benefited from the transaction: Vivendi did not get more money, and 7.5 million in cash is a drop in the bucket for its more than 300 billion in debt. However, it used the method of selling non-performing assets to tell the world that it is very short of liquidity and must survive. If not, more creditors will come to collect debts. If this is the case, it may have more this year. Selling behavior. And News Corporation didn’t marry a wealthy daughter, but an ugly daughter of a debtor tenant. It’s fine if she’s just ugly but kind. I’m afraid that ugly people will make more trouble. I checked the TV company, and it has already lost money. It’s been n years, it’s a bottomless pit.”

"Why does News Corp. want to buy it?" Dong Qiangqiang was aroused by Duanmu's analysis.

"It's probably because of the users in their hands. It has more than a dozen TV channels and tens of millions of users in Europe."

"With such a small population in Europe, it is no longer an 'ugly daughter' to have such a large number of users. It seems that these TV stations in Germany are not as good as it."

"It doesn't matter whether it has more or less users, it's good for us if it falls. You update this news to our official website as soon as possible today, remember to include pictures and texts. Also, the more pessimistic the prospect of Vivendi, the better. I I'll send you some press releases for your reference later."

"Okay. Just do it after school." Dong Qiangqiang teased, "Will anyone watch it?"

"Whether you write it is up to you, and whether you read it or not is up to others. We can't control it. But if you don't write it, we will definitely suffer." Duanmu also smiled, "I dream every day that it falls to 1 Euro, so our options are worth a lot of money. Nose money."

"It's vicious and insane." Dong Qiangqiang saw the teacher flashing into the classroom with a book, and hurried back, "I have to go to class, I'll talk to you when I get back."

"Wait a minute," Duanmu yelled on the phone, "I'll send you an American short-selling website. His thinking coincides with ours. Maybe we can learn from it."

"it is good."

"Also, can you still contact the hacker who wrote your software?"

"I can't, but Hans should. Why ask?"

"There are a lot of changes in the stock picking software. In addition, the company's official website will add paying users in the future. These need to be maintained. I don't want to hand them all over to him. We just pay the money and it's over. What do you think?"

"He is not cheap." Dong Qiangqiang reminded, "You were there at the time, you know."

"I'm not afraid of being expensive..." As soon as Duanmu raised his head, Dong Qiangqiang knew what he was going to say, and the two said in unison, "As long as the technique is good."

What Duanmu sent to Dong Qiangqiang was a website called "Stock Lemon". Similar to Cicada, the owner of the website openly and honestly provided his own short-selling report in the form of publishing a blog for viewers to download for free.The page style is extremely simple, and it doesn't seem to have taken much thought.

Through the self-introduction of the website owner, Dong Qiangqiang learned that this man named Andrew Lefort was a few years older than Duanmu and Dong Qiangqiang. He was born in a Jewish family in the suburbs of Detroit. His first job was as a telephone salesman of investment products. In his early 20s, he stumbled into the stock market by mistake, and since then he has been exposed to short-selling. In recent years, he often publishes short-selling reports on listed companies whose stock prices he believes are overvalued or suspected of fraud in the name of "Stock Lemon". Various media such as CNBC and Bloomberg News are famous for providing short-selling advice to investors. They can be regarded as aggressive short-sellers and are known as "Wall Street bounty hunters."

让董锵锵感到震撼的是，莱福特于2001年8月和12月做空的两只股票均已退市，而他在2002年1月和3月做空的两只股票一个出现52%的跌幅，另一个的跌幅则达到了68%。

What kind of grade is this?It's just scary!Dong Qiangqiang felt a bitter and astringent taste in his mouth, but he couldn't tell whether it was envy or shock, or both.

What made him even more speechless was that the person who completed all the short-selling reports was the only employee of the company, that is, Lefort himself.

One person, one pen, he does what the US securities institutions cannot do, and single-handedly overthrows a fake listed company, which is simply the embodiment of justice.

With strong curiosity and awe, Dong Qiangqiang opened the short-selling report written by Lefort, trying to understand and learn from the lines of the other party's thinking and plan design.

He spent the whole night reading repeatedly. Because he was so absorbed in reading, he didn't realize that he hadn't eaten dinner until Duanmu called again.

"The website you pushed me is so awesome." Dong Qiangqiang was shocked, "I can't imagine where that guy got those news, put them together completely, and then presented them in a logical and self-consistent manner. .”

"Hey, his grades last year were particularly good, and of course he's not bad this year, so he's been well received by Wall Street in the past two years, and he's considered a pretty good senior. You've read his report, tell me how you feel."

"The writing style is like a knife, and it goes straight to the point, never sloppy, one word: clean and neat." Dong Qiangqiang sighed, "The absolute one-hit kill style, I definitely can't write it."

"You don't have to learn from him, and you don't have to keep the same reporting style as him, because there are many people who criticize him for grandstanding and bluffing. We are just starting to do it, and the most important thing is to find out our own characteristics. It doesn't matter if you can't write it, you can kill it with one blow. A blunt knife can also be used to pull meat. I asked someone about it. He was in the same situation as us at the beginning. He endured for a long time and begged his grandpa to sue his grandma, but no one responded. It was not until Enron had an accident last year that he survived. In addition , he was mainly shorting stocks in the over-the-counter market (OTC) or the US Pink Sheets (Pink Sheets), not in the New York Stock Exchange (NYSE) or NASDAQ (NASDAQ), OTC and Pink There is almost no independent information on listed companies in Sheets, so it is easier to manipulate stocks, which is very different from our difficulty."

"Then should we also consider the two over-the-counter markets you mentioned?" Dong Qiangqiang asked.

"It's probably too late now. You should keep an eye on the main board of the US stock market. My intuition tells me that there will be accidents in many listed companies this year, otherwise the Americans would not rush to introduce the bill. Let's fight for it." Finish the next few reports in June. Victory will be ours sooner or later. Just keep in mind that when Andrew joined the industry, he was about the same age as the two of us, maybe even younger. If he can do it, so can we. .”

The third match of the Chinese men's football team was held in Seoul at the time and now Seoul. The Chinese team lost three goals to Turkey without any suspense, ending the World Cup journey with the bottom of the group.

Lao Bai and others listened to the scolding all the way back to China. Lao Bai didn't feel about losing because he felt that Chinese football had always been at this level. What he couldn't accept was that he didn't make money when he returned to China.

Fortunately, the travel agency was more reasonable, and they sent him a shopping group to Japan. There was no delay in watching football, traveling, or shopping. The three of them even took a team to Tokyo Disneyland. They had a lot of fun.

It wasn't until the end of the World Cup at the end of June that everyone realized that the top three were Brazil, Germany and Turkey.

The German team, who missed the championship, returned home angrily, and the German domestic football circle was full of criticism, but it was not the German players, but the South Korean referee.

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(End of this chapter)