Reinventing the Millennium.

Chapter 993 Run on Space (4K)
In the first week of April, the "Yike crisis" on the pages of Huaxia Finance and Economics media continued to ferment.

Compared with foreign countries, most of the local media have restrained when reporting. At least, they don’t talk too much about Mr. Fang’s personal disadvantages in the confrontation of public opinion, and don’t mention the ridicule of Paulson, the big bear. They are only based on the observed facts. Condition.

But just looking at the facts, the situation seems to be a little bit worse.

The ITC made a preliminary ruling on March 3. Yike used the company's repurchase in the secondary market and the good news of the major shareholder's holdings and release to stabilize the stock price, which did not seem to have much impact.

However, profound changes have taken place inside.

It is now generally believed that the trend that most spread the Yike crisis is the removal of the products of one of the four major telecom operators in the United States.

Since the release of Yike's first-generation mobile phone, sales in the US market were not as good as the 3G market potential that Europe has cultivated for many years. However, the performance of the US market last year was almost equal to that of Europe.

The most important reason here is the cooperation between Yike and Verizon.

Although T-Mobile has increased its investment in 3G construction, its ranking is still behind Verizon, which is an objective measure.

Now, Yike's important partner in the United States has announced the suspension of cooperation, which has undoubtedly shaken Yike's fundamentals.

Because, telecom operators are not just sales channels, Yike or the increasingly popular sharing model has already bundled operators and manufacturers. The former needs excellent products to attract customers, while the latter needs subsidies and sharing to bring about price increases. competitiveness.

Such fluctuations in the basic market deserve the highest level of attention.

According to media observation, this point has also been confirmed by Yi Ke's actions.

Yike had to advance the release date to May 5.

Yike had to force another carrier, T-Mobile, to release news of a strong relationship.

Yike had to make some concessions on the price.

Moreover, it is said that Mr. Fang's funds have also encountered problems.

The ITC's initial ruling, while suspended at some levels, still appears to have had a cascading chain reaction.

The short-selling institutions are ready to move, and there are problems in the internal camp, and there seems to be hidden worries about the source of funds.

A reporter lamented that the winter of 2009 seemed to have come ahead of schedule for Yike.

The "Huaxia Securities Journal" has sent reporters to the United States to interview the parties involved and to take a closer look at Yike's situation at this time, and the top executives of domestic Yike companies or Pan Yike companies are also more or less Asked about opinions, judgments, prospects.

As an important executive directly involved in the Yike crisis, the CEO of Sina, Wang Yan, was the most questioned.

Because, Sina provided Mr. Fang with a very important financial support this time, the stock was sold and pledged, and the market value fell by several billion Huaxia coins.

But Wang Yan was also very helpless when facing the media cameras, it wasn't that Sina wanted to get involved, it was purely being involved!

"Of course there is no problem with Sina. We are very confident in the company's future development. After the Olympic Games, Sina has increasingly demonstrated its demeanor as the number one portal website in China."

"Stock price? Oh, the stock price is only temporary and will not affect our judgment. The company maintains a normal work rhythm."

"Well, Yike..." Wang Yan was asked about Yike as a matter of course, but still gave his attitude directly, "As a brother company, I am very optimistic about the development of Yike. Maybe it is indeed encountering difficulties now, but all problems will be solved. It is gradually solved, and ultimately we have to use the product to speak.”

He paused, and said sincerely: "Besides, there is Mr. Fang, I believe Mr. Fang."

No matter at any moment, Wang Yan felt that maybe only when Yike went bankrupt, could he distrust Mr. Fang, but based on the domestic market alone, Yike would never go bankrupt, right?

Relying on the experience of being manipulated in the process of Sina being acquired by good intentions, Wang Yan intuitively believes that there is still a lot to come, and Mr. Fang should not disarm so easily.

Similar to Wang Yan, the CEO of Sina, Liu Qiangdong, the president of Yike Huaxia, the president of Yike, Yu Hong, the director of Yike, and Wang Fengyi, the general manager of Shenxin Kechuang, all mentioned one point in the face of the media. They believed in Yike, and more Trust Mr. Fang.

This seemingly simple cognition was extracted by the media and became a beam of warm light in Yike's winter.

……

On Friday, April 4, another week ended, and Yike's share price closed at $10.

Since falling $100 this week, Yike's stock price has not rushed up again.

The power of the bad news was slightly beyond Fang Zhuo and Kong Yu's expectations.

It can only be said that ordinary investors are still relatively rational, and the situation that Yike is now facing is indeed severe.

According to news from Chicago, it is said that a fund manager from Bridgewater Fund is also investigating Yike's situation.

If Paulson is now known as "hedge fund No. 1", then Bridgewater is almost "the world's number one hedge fund".

Fang Zhuo’s previous speculation that Goldman Sachs was sneaking short does not count. After all, it is just a guess. If Bridgewater Fund can follow the trend, I believe the position on the 15th will be heart-warming.

In fact, according to Kong Yu’s estimation, even by the 10th, the conditions for a run on the market should be fulfilled, but this kind of thing needs to be prepared and judged before it can be implemented. If there is no such condition, it’s fine. There are official data from Nasdaq Just have to make it to that day.

From Goldman Sachs to the Bank of New York, I don’t know which company finally leaked the news, but the ice core shares that were looking for a buyer did not get a good offer, and the two financial institutions that they found were taking the opportunity to bargain.

The team designated by Fang Zhuo announced that the talks had collapsed after two talks, and they couldn't even act on the spot.

I don’t know if the news that has been passed on again will attract more short-selling funds, but fund managers who have been silent on Twitter are making full use of such an influential media platform to create Yike’s bubble judgment .

By the way, I also mocked the second best president in the world who is blindly arrogant.

Paulson has already left the game, and he has also communicated, so he is naturally unceremonious.

He has now determined that Fang Zhuo's funds are tight, and Yike has disadvantages in all aspects, and a new round of shocks will soon be ushered in, and it will be almost time to exercise the PUT.

For things like bubbles, once they burst, they will be defeated like a mountain.

On the night of the 10th, Fang Zhuo, who had been busy all day, wanted to take a look at the Twitter that he hadn't posted for a few days, but he didn't expect to see a joke about himself after a short browse.

Regardless of foreign countries or China, the choreography ability of the people who eat melons should not be underestimated.

What Fang Zhuo saw was the sorted out "President Fang Quotations".

——The abyss is ahead of you.

——Are you such a short seller?

——I am rich.

--Anxious?

——Then what are you waiting for?Just come and be short.

——Hahahaha, because I really firmly believe that there is no bubble in Yike.

——Why should Kallasvuo compare with me?

——Notify Sina and submit an announcement to the SEC.

— Greed is a sin.

——Come on.

Fang Zhuo has really talked a lot these days, especially he has been discussing with fund managers on Twitter a lot, and if some of them are matched with relevant situations by netizens, it seems extremely mocking.

For example, "Notify Sina and submit an announcement to the SEC" was accompanied by a 15% drop in Sina's stock price chart, and "Why Kallasvuo compares with me" was accompanied by the ITC's ruling announcement.

Fang Zhuo glanced at it briefly and felt dumbfounded.

This... there's no need to spread this, I'm sorry when it's time to cut it.

He also saw another ridicule from Paulson-I am afraid that Yike's current crisis cannot be solved by the world's second-best president alone, and a few more will be needed.

Fang Zhuo felt a little horrified when he saw Paulson's words.

Is this the spiritual intuition of hedge fund No.1?
This time the second-best president is enough for financial means, but the next time it is really impossible to solve it by oneself, it will be stamped by the first-best president.

There were too many related jokes on Twitter, and Fang Zhuo quickly lost interest. Tomorrow and the day after tomorrow are two days when Nasdaq is closed, and if we persist for two more days, Monday and Tuesday, and Wednesday will disclose short positions, and it is time for verification. moment of refusal to judge.

Compare the positions on April 4th, and then make the final shareholding adjustment on April 15th and 4th, regardless of capital cost. On the evening of Friday the 16th, the call option position will be announced. By then, I should have boarded the plane.

Fang Zhuo unconsciously calculated the time again.

The encirclement of the financial market should have been formed, and the cooperation of operators is still a problem that needs to be dealt with. Verizon is really annoying, and AT&T is up for sale. This situation is not easy to solve even if the stock market flips.

Fang Zhuo has discussed with many executives in the past two days, and I am afraid that he will have to cut profits in the end. The third-generation Mars and the first-generation Selfy are not enough in an increasingly fierce market with the T-Mobile channel.

There was no incident for two days on the weekend. If Twitter is not on, it does not exist. Even if Fang Zhuo is surrounded by reporters occasionally, Fang Zhuo has security assistants to help stop him. He is in a hurry, with a serious face, and has to face the crisis situation of Yike .

This has also made the media write more and more. A good president and a bad president may only be in one thought.

On Monday night, Yike shares fell slightly, which was expected and irrelevant.

What Fang Zhuo didn't expect the most was that he actually received a call from Paulson.

The king of short selling, the No.1 hedge fund, the new record breaker of Wall Street making money... He directly called and cared about Mr. Fang who hadn't spoken on Twitter for a long time.

Fang Zhuo was extremely astonished, this did not match the image of the high-flying financial elite he had imagined.

However, after he thought about it, the Gasoline Man was just as bad, and they seemed to be pretty much the same.

"Paulson, you're asking me about my funds directly..." Fang Zhuo laughed, "Is this how hedge funds judge longs and shorts? Should I talk to the media about this?"

"Huaxia has a saying, take a step back, what are you waiting for?" Paulson said.

"Paulson, I just want to make a mobile phone that consumers like more." Fang Zhuo's tone fluctuated slightly, "Is Yike wrong?"

"The financial market has its own rules, and everyone should respect them." Paulson said his own experience.

Fang Zhuo really had nothing to communicate with him, and he didn't want to say anything more before the dust settled, so he ended the call silently.

On April 4th, there is only one day left before the position disclosure.

Rao Fang Zhuo, he also felt a little nervous.

But seeing Kong Yu pacing up and down from time to time, he was not nervous anymore.

"Mr. Kong, look at Paulson. If you have time to call me while strolling in the garden, why don't you learn more from him?"

Kong Yu had something to say about this: "When we announce the position, you can see whether he is idle or strolling."

"Then learn from Mr. Yu. Mr. Yu is super calm this time." Fang Zhuo pointed to Yu Hong, who was paying attention to the stock price on the other side, and Mr. Yu was very nice sitting quietly.

Yu Hong said calmly: "I have been suffering from insomnia since the day before yesterday."

While Fang Zhuo pondered, the office received another interview call from a well-known media.

When he picked up the landline, the Nasdaq had already reached the closing time, and Yike’s share price fell to $96.46, falling for two consecutive days, and the main force took orders.

Tomorrow is the time to announce the position.

Fang Zhuo held the microphone, feeling a sudden emotion in his heart, and briefly responded to the media.

"The financial market has its own rules, and short-selling institutions are like vultures, but companies including me must face up to the coveting from vultures."

"I respect the laws of the market, and hope that Yike can pass the test."

This can be regarded as a positive response in recent days.

Fang Zhuo felt that this attitude was very gentle.

However, what surprised him again was that the media directly intercepted a sentence and added another sentence to the "Quotations of President Fang".

——The short sellers are vultures.

Yu Hong was nervous and insomnia, and Kong Yu's hair fell out.

Fang Zhuo maintained a relatively stable sleep.

On April 4th, an unremarkable Wednesday, the sun was very good, the vultures could see the ground clearly, and they could also see the vultures when they looked up.

Nasdaq publishes the data of short positions in the exchange as usual.

The short position of Yike stock rose from 32.68 billion to 42.12 billion US dollars, accounting for 15.6% of Yike's total share capital, while only 10.7% of the tradable shares in the market remained.
-
4.9%.
-
4.9%!

That is to say, under the common will of Fang Zhuo, Yike, Goldman Sachs, short-selling institutions and a series of factors, everyone finally completed a successful encirclement.

"How does it feel?" Yu Hong asked Mr. Fang subconsciously at the moment when she saw the data.

Fang Zhuo looked calm.

He pondered how he felt in his heart at the moment, as if he was relieved, but it seemed that nothing had changed.

"How should I put it?" Fang Zhuo glanced at the data of the exchange again, and said in a deep voice, "Shencheng Henglong is a street, and Wall Street is also a street. They are both streets. It seems that there is no difference."

Kong Yu confirmed the data again and again, and after doing this several times, his expression changed from nervous to calm: "Well, Mr. Fang is right. In fact, Paulson is not bad, but this time he has no intention of calculating."

Whether mentally or not, I have been locking up options since last year, and today, I have finally made up the last piece of the gap.

People don't harm me, I don't harm others, people come to harm me, I also harm others.

Kong Yu thought in his heart, um, it should be about the same.

(End of this chapter)