My life turned upside down after the divorce

Chapter 79
During this period, other rice stocks also rose sharply, but compared with Citibank, which rose by three or four times, it was not so obvious.

For example, Brother Gu, he bought 260 meters of gold per share, and now it has almost risen to 400 meters of gold per share, but Wang Dalong is reluctant to sell it!This stock has been rising, and if you sell it, you will lose money, and you will not be able to get it back.

In addition, the Bank of America has also risen a lot. Before March 15, the average price of buying a share was [-] meters. On March [-], it rose to [-] meters, and on April [-] it rose to [-]. A few meters of gold at one point, broke through [-] meters of gold on May [-].

Wang Dalong ordered the reduction of holdings, and kept above 15 meters of gold and gradually cleared positions.

Although Wang Dalong also knew that Bank of America's stock would continue to rise, but the increase was not that great.

The key is that the pressure of 650 billion meters of gold is really a bit big!It's better to reduce the risk a little bit.

Therefore, for some stocks that do not have a large increase in the future in my impression, it is better to clear the position and make a sum of money first.

After the 120 million Bank of America stocks are liquidated, [-] billion meters of gold can be cashed out, which can relieve Wang Dalong's pressure a lot.

Due to Wang Dalong's request, the position was cleared at a price of not less than 15 meters of gold. In fact, since the stock price quickly rose to 17 meters of gold per share, the actual selling price also reached an average of 16 meters of gold per share. Excluding taxes, more than 120 billion meters of gold have been cashed out.

In addition, the stock of Wells Fargo Bank has also risen a lot. On March 17, it was bought at an average price of [-] meters per share. On March [-], it rose to [-] meters per share, doubled.

On May 28, after the share price of Wells Fargo Bank broke through 28 meters gold, Wang Dalong began to order traders to reduce their holdings, controlling the stock price at [-] meters gold to reduce their holdings.In the end, it is still liquidation.

Although Wells Fargo Bank will continue to rise in the future, Wang Dalong doesn't want to be greedy anymore, or in other words, he no longer likes that kind of increase.

After the liquidation of 140 million shares, [-] billion meters of gold can be cashed out, which can greatly reduce Wang Dalong's financial pressure.

Don't look at Wang Dalong's seemingly relaxed appearance, but anyone who has a debt of 650 billion meters of gold will feel heavy pressure, which can make people breathless.

Many stocks have risen a lot, but Wang Dalong is not willing to sell. Finally, after making two more sets, after Citibank rushed to Wumijin, he liquidated the position, because Wang Dalong knew that Citibank's The stock price will stay between four and five meters for two years. Of course, he doesn't want to wait so long.

The liquidation of 50 million shares, plus the income from the two arbitrage, plus the [-] million yuan earned before, made a total of nearly [-] billion yuan.

In addition, Wang Dalong also liquidated several stocks, and some stocks were hedged several times, and a total of 150 billion meters of gold was cashed out.Repayed the bank's loan of 350 billion rice gold.

Although he still owes the bank 300 billion in loans, Wang Dalong breathed a sigh of relief and felt no pressure at all.

Only the fruit companies in his hands, such as Amazon, Guge, and ***, all cost as much as 400 billion gold, and only Guge and the fruit company cost 300 billion gold.

This is just the cost price of the purchase. If calculated according to the current cost price, the value of at least 600 billion meters of gold is not a problem.

So there is nothing to worry about Wang Dalong, there is no pressure at all!

However, it is still bad to be in debt. Wang Dalong still asked the traders to keep a close eye on the stocks in their hands, sell some of them when the stock price soared, and buy some when the stock price was low.

Fortunately, domestic investment has begun to pay off now. After being suppressed for more than a year, housing prices began to rise retaliatoryly, and soon broke through the previous average price level.

Due to the continuous collection of houses and land purchases before, it is now possible to lie down and win, no matter how you sell it, you will make money.

And Dalong Real Estate and Yuanda Group have also become household names. Last year, Lvcheng in Hangzhou and Xu Jiaying in Lingdong, for the sake of the company's survival, sold the good land they won at a high price one after another, and sold the land in their hands at a lower price. Real estate, which was taken down by Yuanda Group and Dalong Real Estate.

In order to get the investment, Xu Jiaying had to go to Hong Kong Island, and played cards with the real estate tycoons in Hong Kong Island for several months before he obtained a little investment and kept the Hengda Group.

But in [-], because of the [-] trillion yuan bailout, these people and companies breathed again.

The year [-] can be said to be a nightmare for real estate developers.

Although the lesson from the collapse of the Japanese property market is not far away, the decade-long bull market has still caused many people, including developers, to misbelieve the myth that "housing prices will not fall", so that many people were caught off guard when the myth was shattered.

For developers, the tight capital chain after the crisis is the most painful and difficult thing.

Not long ago, Yike shouted "survive" in the cold winter.But this is not the first time that Yike has called empty. As early as the end of 2007, Mr. Wang had thrown out the "turning point theory", saying that the turning point of housing prices had come.

At that time, Pan Dong’s judgment was that there was something wrong with Yike’s capital chain, and it was necessary to reduce the price to speed up the return of funds.

This judgment later became a reality.In 15.00, Yike took the lead in reducing prices by 30.00% to 4709% nationwide, setting a sales record of [-] billion yuan in that year, and sitting on the dragon chair of the national real estate industry in one fell swoop.

However, Yike was criticized by the whole industry because of the price cut, and the relationship with the government also became tense for a time.

As a pioneer in the real estate industry, under the leadership of Xu Rongmao, Shimao Real Estate once achieved the top ten in the country.However, in the financial crisis in [-], it was not immune, and the capital chain was once in danger.

Under the pressure, World Trade Real Estate must not make drastic reforms. First, a round of management changes, followed by various changes in management, paying more attention to cost control, and cash flow and quality assessment.

Even so, it failed to completely reverse the decline of Shimao Real Estate, and it has become more and more low-key in the domestic market.

Lvcheng was once a model of quality among real estate companies, and it is also known in the industry for its aggressive style of "continuous financing and land acquisition".

From 800 to 520, in just two years, its land reserve increased from more than [-] million square meters to [-] million square meters.

Behind the high growth is Lvcheng's leverage ratio of 140%.

However, the crisis in [-] disrupted the rhythm of Lvcheng, and the high debt forced it to sell land to survive.

In April 5000, Lvcheng urgently sold two plots in Hangzhou and Shanghai, and lost [-] million yuan in the plot of Shanghai alone.

And these two plots were just bought at a high price a year ago.

In order to set up the "Lvcheng No. 1" real estate investment fund and ease the financial pressure, Greentown also signed an agreement with the trust company with harsh conditions. Not only must part of the equity of the Hangzhou and Taihu project companies be mortgaged, but the Nearly half of the interest was sold to the other party.

Lvcheng's "life and death debt robbery" shocked the entire real estate industry at the time. Afterwards, the company's founder Song Dong also had to admit that the previous development model was not stable enough, and the high-speed, high-debt development model was a mistake .

(End of this chapter)