Reborn in Hong Kong as a Tycoon

Chapter 326 He Huang's long and short battle (eight)
Although Hutchison Whampoa announced to the public that it would buy stocks below HK$30, in fact, the traders of Hutchison Whampoa were told to only buy when the stock price was below HK$25, and not to buy any shares higher than HK$25.

The reason for doing this is mainly because I don’t want to consume too much money, and I am worried that the short side still has strength. In case the short side waits for Hutchison Whampoa’s repurchase funds to buy a large number of stocks below 30 Hong Kong dollars and then suddenly attacks. It is troublesome to buy funds.

Because Hutchison Whampoa only bought when the stock price was lower than 25 Hong Kong dollars, the upward trend of the stock price slowed down later, and even fell below 25 Hong Kong dollars a few times, but they were all lifted up by Hutchison Whampoa’s repurchase funds.

There has been no movement on the short side, and the market believes that there are not many bargaining chips, so some funds have begun to enter the market to participate in long positions.

At four o'clock in the afternoon, the stock market closed, and Hutchison Whampoa closed at 26.4 Hong Kong dollars.The closing price of Hutchison Whampoa yesterday was 25.6 Hong Kong dollars, and today’s closing price is 26.4 Hong Kong dollars. In the case of being shorted, it has risen by 3.125% today.

The stock price was above 25 Hong Kong dollars, which was left to the market to adjust itself. However, in the 10 minutes or so before the close, Hutchison Whampoa’s stock price did not break through the price of 30 Hong Kong dollars once, and even broke through the price of 29 Hong Kong dollars only once.

The reason why the stock price of Hutchison Whampoa did not break through to 30 Hong Kong dollars is because the repurchase price of Hutchison Whampoa announced to the public is below 30 Hong Kong dollars. In minutes, it dropped sharply from around 28 Hong Kong dollars, and more funds chose to hold currency.

Judging from the current stock price, Lin Baicheng's long pallet has already made money, but there is no way to sell it temporarily, otherwise the more than 9000 million shares will definitely suppress the stock price again, which is tantamount to helping the short side.

The stock price of Hutchison Whampoa returned to above 25 Hong Kong dollars. After the stock market closed, Henry Keswick and others simply did not leave the exchange, and they discussed in the exchange.

"Everyone, what should we do now? Hutchison Whampoa's repurchase funds amount to more than one billion Hong Kong dollars, but we only have 400 million shares in hand, and HSBC only has about 1000 million shares to lend us. Less than 1500 million, It has no impact on the repurchase of Hutchison Whampoa at all, and it will be taken up in minutes."

"Who would have thought that the Asian sugar king Guo Henian would actually buy a large amount of stocks in the event of Hutchison Whampoa's accident, and even bought so much, otherwise we would still have the energy to fight Hutchison Whampoa."

The British-owned family has been asking people to find out who the bank of East Asia was investing in. After more than half an hour, they found out that it was Guo Henian, the Asian sugar king, and they had no relationship with Guo Henian, so they couldn't exert pressure even if they wanted to.

"This is an accident that no one could have imagined. Let's think about how to suppress the stock price of Hutchison Whampoa. If we surrender now and buy stocks, the stock price will only be raised above 30 Hong Kong dollars, or even reach 40 Hong Kong dollars. All of the above are possible, after all, we shorted a lot of stocks, then not only would we not be able to achieve our goal of suppressing Hutchison Whampoa, we would even suffer a lot of losses.”

"But now we can't borrow stocks even if we want to short, so what else can we do?"

"Since you can't fight in the stock market, let's use off-the-market tactics. As long as there are more negative news about Hutchison Whampoa, stockholders who still hold stocks will definitely be unable to hold on. At that time, they will become our short sellers. help."

"Outside the box? Like asking the IRS to check the accounts at Hutchison Whampoa?"

"We didn't run the IRS. We haven't found anything so far. It's impossible for the IRS to make fake accounts and plant it?"

"Don't say such stupid things. Even if we dare to do this, people from the Internal Revenue Service will not agree to help us do things like planting. The outside tricks I mean are similar methods. Hutchison Whampoa's business is not good. Less, there is always something we can do better."

"The idea is good, but the speed must be fast, and the time cannot be too long, otherwise the effect will be much worse after the stock price is raised above 30 Hong Kong dollars."

"It's a pity that the Hong Kong government can't help, otherwise the Hong Kong government is right in front of us, let the various departments of the Hong Kong government go to Hutchison Whampoa, and then let the news media report it, and the stock price of Hutchison Whampoa will be easily sold Suppress it."

"The officials of the Hong Kong government handed over nearly [-] million Hong Kong dollars to Lin Baicheng to take care of them. Although they are losing a lot now, in order to ensure the safety of funds, how dare they provoke Lin Baicheng and lose all the laundered funds they have saved so hard. They didn't help Lin Baicheng one by one, thanks to the recent drop in the price of gold, which caused a lot of losses in fund investment."

"I heard that our beloved Governor of Hong Kong also invested 500 million US dollars, which is a relatively large investment. I really hope that the price of gold will continue to fall, so that Yum Fund will explode, and the Governor of Hong Kong will lose all their investment."

"If this is the case, our Hong Kong Governor and other officials may even have the intention to kill Lin Baicheng."

"Don't gloat, let's think about where to target Hutchison Whampoa."

"I think"

Henry Cassack, Michael Kadoorie, George Swire, John Madden and others discussed how to target Hutchison Whampoa. They would not surrender easily, after all, the difference in interests between victory and defeat was too great too much.

As long as there is a chance, short-selling British families such as Henry Keswick will choose to continue to fight.

While the British family of the empty side was discussing how to target Hutchison Whampoa, Lin Baicheng in Hutchison Whampoa was thinking about how to get more funds into the market to go long, so that more investors would not sell their stocks. In short, it is thinking about how to raise the stock price.

Although Hutchison Whampoa only used about 1.55 million Hong Kong dollars in the repurchase funds, repurchased 720 million shares, and there are still about 4.45 million Hong Kong dollars in funds that have not been spent, but whether all the repurchase funds of Hutchison Whampoa can be used up does not matter. Important, the important thing is to raise the stock price of Hutchison Whampoa, and squeeze the short side to make the short side surrender.

Once the short side capitulates, they can only buy stocks. At that time, the stock price will definitely rise above HK$37 before the negative news broke out. Lin Baicheng's tray funds can be sold to make a fortune, and the funds can be used elsewhere. , instead of being restricted and unable to sell stocks.

"Since Hutchison Whampoa itself is not beneficial, then I will make a profit."

Thinking that the short side should not have much bargaining chips to go short, Lin Baicheng suddenly had an idea and decided to create a favorable situation and let the off-market funds enter the market to go long.

Since he wanted to create a profit, of course he wanted to create a greater profit, so Lin Baicheng picked up the phone and called a few people.With their cooperation, Lin Baicheng believes that the huge benefit tomorrow will definitely make the stock price soar, and make the short side want to vomit blood.

(End of this chapter)