Reborn in Hong Kong as a Tycoon

Chapter 339 Destroying the Shorts (Part [-])

December 12th is another Monday.

Before nine o'clock in the morning, Bao Yugang, Zheng Yudong and Huo Yingdong successively expressed to the media that they were optimistic about Hutchison Whampoa's stock price, and that they would continue to buy Hutchison Whampoa's stock after they had already bought [-] million Hong Kong dollars worth of shares.Bao Yugang and Zheng Yutong even said that after buying enough stocks, they would not rule out the possibility of applying to Hutchison Whampoa to join the board of directors and become a member of the board of directors.

Guo Henian, who has become a director of Hutchison Whampoa, only expressed his optimism for Hutchison Whampoa, believing that the stock price of Hutchison Whampoa is undervalued. In addition, he did not say that he would increase his stake in Hutchison Whampoa, because he really has no funds.

At the same time, Hutchison Whampoa announced to the public that the company has reached a loan agreement with Xinghe Game Company to borrow 5 million Hong Kong dollars from Xinghe Game Company at a low interest rate to repurchase the company's shares.

In addition, Hutchison Whampoa also stated that the current international gold price has rebounded, approaching the price of 200 US dollars per ounce. The company's previous investment did suffer a huge loss, but now the loss is not large, and the short-term loss is only After the gold price continues to rebound upwards, the company's investment will not only not lose money, but will bring huge profits.

Hutchison Whampoa also stated that Mr. Lin Baicheng has an excellent investment vision, and short-term losses are completely within the range of Hutchison Whampoa. We must believe in Mr. Lin Baicheng's vision, and believe that he will continue to bring huge profits to the company and serve shareholders. Create more benefits.

Whether it's Bao Yugang's side or Hutchison Whampoa's announcement, it is good for Hutchison Whampoa, especially Hutchison Whampoa's announcement.

On November 11, there were a large number of media reports of Hutchison Whampoa’s investment losses. It was reported that Hutchison Whampoa’s loss was as high as US$26 million, or HK$1.5 million, which led to a sharp drop in the stock price on Monday the next day.

But now, Hutchison Whampoa says that the company's investment loss is only about 5000 million US dollars, which is only one-third of 1.5 million US dollars, which is equivalent to 1 million US dollars earned back in these days. This is a dose for the market Cardiotonic, a real and huge benefit.

Apart from these good news this morning, there was not a single newspaper reporting on Hutchison Whampoa's bad news. It seems that Fang Fang has done nothing in the past two days.

Lin Baicheng was very skeptical about this. He didn't think the short side would just admit defeat, but instead suspected that the short side was holding back a big move.It's a pity that Hutchison Whampoa can only respond passively. Before the bad news appears, there is no way to deal with it, let alone stop it.

After the call auction in the morning, the stock price of Hutchison Whampoa directly opened higher at 26.03 Hong Kong dollars.The closing price of Hutchison Whampoa last Friday was 22.68 Hong Kong dollars, which is equivalent to a direct opening of 14.77% higher in the call auction stage in early trading.

Henry Cassack and others came to the stock exchange before the stock market opened. It was not that they came here every day when they were free, but that short selling involved a huge amount of money. But they have to keep an eye on the changes.

"Damn it, it has risen to above 25 Hong Kong dollars!" "The gold price rebounded. I expected that Hutchison Whampoa would not notice it for the time being. Now it seems that we have thought too much." "Judging from the current gold price, Hutchison Whampoa The investment did not lose too much, which is too bad for us.".
The good news announced by Hutchison Whampoa led to a sharp rise in stock prices, which made Henry Cassack and the others very angry and worried.

John Ma Bin calmed down a little, and he said: "The stock market will officially open soon, should we drop the stock price after the market opens?"

"Can't smash it!"

George Swariya shook his head and said heavily: "We have to plan for the worst. The price of gold is only close to 200 US dollars per ounce. If the price of gold rebounds to 205 US dollars or higher, it will be equivalent to the investment of Hutchison Whampoa." There is no loss, even if we are creating bad news, unless it has a major impact on Hutchison Whampoa, it will not make much sense, and the stock price will definitely rebound to the price before the short sale."

"Our short sale originally had more than 5000 million shares that we did not buy back. If we sell out and sell the market now, if the stock price is not smashed down, then we will only buy more and more stocks, and the losses will also increase." getting bigger."

"I'm afraid it's more than that!"

Michael Kadoorie also said: "We were short and let the stock price fall. Lin Baicheng asked someone to carry out the tray, which means that the number of tradable shares in the market will decrease. In addition, if we follow suit to buy at that time, the stock price will easily break through 40. It is entirely possible for the Hong Kong dollar price to even break through 50 Hong Kong dollars.”

Henry Cassack asked aloud: "So, you also think that you should keep the stock now and not sell it?"

"Yes, we must prepare for the worst."

Michael Kadoorie nodded slightly.

John Ma Bin sighed: "Now we can only hope that the bad news we have prepared for Hutchison Whampoa will work, and it will be able to curb the rise in stock prices."

Henry Kessack said: "The result should appear around 10:30 or [-]:[-]. The newspaper we arranged to publish additional reports temporarily will know if the stock price of Hutchison Whampoa can fall."

"We'll see what happens then."

George Swariya thought for a while and said: "If there is a bad news and the stock price drops sharply, and the drop is not small, then we can take advantage of the trend and sell some stocks to suppress the stock price."

Michael Kadoorie agreed, "George is right, let's do it."

"Then should we buy stocks now?"

"I think it's better not to buy it now. Doesn't buying it now mean helping to raise the stock price?"

"If the stock price can fall below 25 Hong Kong dollars, you can decide whether to buy it or not depending on the situation."

Time passed quickly during the discussions of Henry Caesarker and others, and at 09:30, the stock market officially opened for trading.

As soon as the market opened, the stock price of Hutchison Whampoa immediately fell below 25 Hong Kong dollars, but the next moment it immediately rose to break through 26 Hong Kong dollars, and quickly rose to break through 27 Hong Kong dollars.The reason for such a trend is that many people chose to sell stocks due to the high opening, but more funds entered the market, so the stock price was immediately pulled up again and broke through to a higher price.

Although Hutchison Whampoa borrowed 5 million Hong Kong dollars from Galaxy Games, Lin Baicheng asked the company's traders to buy slowly only when Hutchison Whampoa's stock price fell below 25 Hong Kong dollars. A buy order is set at a certain price, so none of the current shares are bought.

Hutchison Whampoa borrowed 5 million Hong Kong dollars from Galaxy Games, Lin Baicheng used it as a pallet of funds, and bought it after the stock price fell, giving investors confidence.As for when the stock price goes up, of course you don't buy it, and these funds will never chase it up.

(End of this chapter)