Reborn in Hong Kong as a Tycoon

Chapter 178

"Mr. Feng, our orders have closed a total of 1.46 million Hong Kong dollars of empty orders and recovered a total of 2.19 million Hong Kong dollars in funds, but now there are no orders that are willing to settle."

With less than an hour left before the stock market trading, the traders brought by Feng Jinxi reported the data to him.

"How did you close the list of less than 1.5 million Hong Kong dollars?"

Feng Jinxi couldn't help but frown slightly when he heard this. This was not in line with his expectations, and he didn't even close half of the empty orders, which was a bit worse.

Li Jiacheng said: "Now that the stock price fluctuates around 2.7 Hong Kong dollars, do those funds feel that the stock price will rebound, and they are not satisfied with the delivery price of 3 Hong Kong dollars?"

"Makes sense."

Feng Jinxi nodded in agreement, looked at the three partners and said, "I've decided to settle at an exercise price of 3.3 Hong Kong dollars, what do you think?"

"5% space? I can take it."

Li Jiacheng made a calculation and nodded in agreement.

Niu Bijian and Bob discussed in low voices, and finally Niu Bijian said: "You can release a part of it first, and there is no need to settle all of it at this price."

Feng Jinxi immediately said: "Then first place an empty order with a principal of about 5000 million, collect half of the funds, and look at the remaining half of the funds."

The trader who received the order placed an order and released a settlement sheet with an exercise price of 3.3 Hong Kong dollars.

The loss was less than 5%. With the stock price at 2.7 Hong Kong dollars, the remaining opponents were suddenly moved and chose to settle.

After a few minutes, there was no movement again.

At this time, on the side of the four-party cooperation, they closed the short order with a principal of 1.8 million Hong Kong dollars, made a profit of 8830 million Hong Kong dollars, and recovered a total of 2.683 million Hong Kong dollars.However, they still have an empty order of 2.2 million Hong Kong dollars that has not been settled.

The trader reported to Feng Jinxi again: "Mr. Feng, there are still empty orders with a principal of 2000 million Hong Kong dollars that have not been filled."

"I saw."

Feng Jinxi nodded with a heavy face, he was watching from the side just now.

"Release this order with a principal of 2000 million Hong Kong dollars at an exercise price of 3.5 Hong Kong dollars."

Upon hearing this, the trader immediately placed a corresponding number of short option orders at the strike price Feng Jinxi said.

A few minutes later, there was no movement at all. Feng Jinxi asked the traders to release at 4 Hong Kong dollars, 5 Hong Kong dollars, or even 6 Hong Kong dollars, but none of the long positions closed. Obviously the bulls are very strong, and they think that the stock price of Hutchison Whampoa will rise, so they do not proceed. Flat bill settlement.

Because Feng Jinxi only operated with a principal of 2000 million Hong Kong dollars, Li Jiacheng, Niu Bijian, and Bob did not stop him, and they all saw something was wrong later on.

Feng Jinxi said to the three of them: "Three, it seems that our remaining opponents have concentrated their long orders and orders. The other party obviously thinks that Hutchison Whampoa's stock price will rise to above 6 Hong Kong dollars, so they don't want to fight us. settlement."

"I see."

Niu Bijian nodded.

Li Jiacheng said in a deep voice: "The current stock price is about 2.7 Hong Kong dollars, which is far from 6 Hong Kong dollars. The bulls are not willing to close their orders even if they are guaranteed capital. This shows that the bulls are very confident in the stock price of Hutchison Whampoa. This is The order of 2.2 million Hong Kong dollars is obviously negative and the stock price has plummeted, but the bulls are still indifferent. If the other party has not heard any news, I don’t believe it.”

Feng Jinxi couldn't help guessing after hearing this: "The bulls think that Hutchison Whampoa's gold futures investment is profitable?"

"I asked a senior executive of Standard Chartered to check. Lin Baicheng was indeed long gold futures at Standard Chartered, with a principal of 50 million US dollars and a five-fold leverage. Now he has almost lost [-]% of his principal."

Niu Bijian immediately said that he was very sure of this, otherwise he would not dare to use 1.2 million Hong Kong dollars to short Hutchison Whampoa.

Li Jiacheng also said: "The investigation by Hutchison Whampoa should not be wrong."

"I think we need to look it up again."

Feng Jinxi looked at Li Jiacheng, Niu Bijian, and Bob and said, "This is an order of 2.2 million Hong Kong dollars. The other party's confidence is so high, there is no reason for it. We need to find out who this opponent is, and at the same time find out who the opponent is. Remember whether the investment in Huangpu has made or lost, and if you spend more money, I don’t believe that I can’t find it, and no one is tempted.”

"Once Hutchison Whampoa's investment actually makes money instead of losing money, then we have to hedge immediately. Otherwise, after the news is announced and the stock price soars, each of us will lose at least hundreds of millions of Hong Kong dollars, or even More are possible."

"Leave the details of Hutchison Whampoa's investment to me, but the money spent will be shared equally among us."

Everyone knew the seriousness of the matter, so Niu Bijian expressed his position immediately.Last time, it wasn't that he couldn't find out the details, but it cost a lot of money. After learning that Lin Baicheng's investment at Standard Chartered was long, and Li Jiacheng's investment at Hutchison Whampoa was long, he naturally couldn't help it. Will pay a little more to be sure.

Feng Jinxi said in a deep voice: "Of course, don't be afraid to spend money now. The important thing is to know the truth. We must be 100% sure what the truth is."

Li Jiacheng reminded: "Even if you find out the truth, don't announce it, but keep it hidden."

"Yes, the truth cannot be revealed."

Bob nodded in agreement. Once they knew that Hutchison Whampoa was actually making money, their plan would fail, and they had to use the stock price to hedge before it rebounded, otherwise they would suffer heavy losses.

"Now I just hope that there will be no bad news tomorrow or the day after tomorrow."

Feng Jinxi muttered to himself, today is Friday, and it's not long before the market closes, so they can't do anything under the circumstances that they just have doubts.It is impossible for them to hedge immediately because of a little doubt. After all, it is just a little doubt. In case Hutchison Whampoa is actually losing money, it is just the opponent's position, but they do hedging, then they are not taking the profit. Lost it outside?
Therefore, they can't do anything now, and pray that there will be no bad news on the news tomorrow or the day after tomorrow, so that even if they make a wrong judgment, they still have time to hedge.

The stock market was nearing the close, and Hutchison Whampoa's stock price began to rebound upwards, sprinting towards the price of 3 Hong Kong dollars.

Feng Jinxi and the others did not suppress the stock price because they are not sure whether it is correct to sell short. As long as the stock price does not rebound much, they will not spend money to short sell to suppress the stock price.

After the stock market closed, the stock price of Hutchison Whampoa barely closed above 3 Hong Kong dollars, closing at 3.02 Hong Kong dollars, and the total market value was only 12 billion Hong Kong dollars.

Looking at it now, Li Jiacheng, Feng Jinxi, Niu Bijian and Bob are making money, but they are not happy anymore.It was too early to be happy before, so that now it is found that there are 2.2 million Hong Kong dollars in the principal of the short order that cannot be settled, and the bulls are not even willing to settle the capital. Their short selling may hide a great crisis.

(End of this chapter)