Reborn in Hong Kong as a Tycoon

Chapter 340 Destroying the Short Sellers ([-])

27 HKD!

28 HKD!

When the stock price of Hutchison Whampoa broke through 29 Hong Kong dollars, the rise began to slow down, but the stock price was still going up.

As the stock price broke through 29 Hong Kong dollars, Hutchison Whampoa's daily increase was close to 30%, which is quite a lot.

However, now the logic of Hutchison Whampoa has changed again. The previous huge investment loss has turned into a small investment loss, and it is possible to smooth out the investment loss in the future.

As a result, the stock price of Hutchison Whampoa, which had fallen due to huge investment losses, will naturally rise back now.

However, everyone's expectations for Hutchison Whampoa's stock price are different, and they will be sold at different prices.

Before the stock price of Hutchison Whampoa broke through 29 Hong Kong dollars, the trading volume was very small, and the stock price continued to rise during the buying process, but there were not many transactions in the middle.However, as the stock price breaks through 29 Hong Kong dollars, the closer it is to 30 Hong Kong dollars, the more orders are sold, and the trading volume is obviously rising.

It's just that a lot of people were sold this time, but more people were bought. Before ten o'clock, the stock price officially broke through the price of 30 Hong Kong dollars and continued to rise.

In the VIP room of the exchange.

Henry Cassack said heavily: "What should I do? The stock price is still going up!"

"If the stock price really returns to 35 Hong Kong dollars or even higher, then the cost for us to buy again will be too high."

John Ma Bin was also in a heavy heart. This time the short sale should have been guaranteed, but he didn't want to fall into the current situation.

"Now we can only wait."

Michael Kadoorie sighed: "Wait for the bad news we created to appear and see how hard it hits Hutchison Whampoa's stock price, and then decide what to do."

George Swire reminded: "Now the stock price has exceeded 30 Hong Kong dollars. Once the stock price reaches 38 Hong Kong dollars, if it rises a little bit, we will lose our position."

"It's not a big problem. Once the stock price of Hutchison Whampoa rises to 35 Hong Kong dollars, we will add 2 million Hong Kong dollars as a margin first."

Henry Kessack said aloud that they originally raised 10 billion Hong Kong dollars in funds, but only used 5 million Hong Kong dollars in principal to use leverage. Although they have lost a lot of money, 2 million Hong Kong dollars can still be easily withdrawn.

As for the money to buy Hutchison Whampoa stocks from HSBC, they really didn't have to pay much, and they only paid [-]% for the time being, and owed the rest first, so they didn't spend much cash.

After Hutchison Whampoa's stock price broke through 30 Hong Kong dollars, it was indeed still going up, but it did not touch 35 Hong Kong dollars, and it was adjusted in the early 34 Hong Kong dollars.Fortunately, the adjustment did not fall below the price of 30 Hong Kong dollars, and it oscillated between 30 Hong Kong dollars and 34 Hong Kong dollars to digest the previous huge increase.

The stock price exceeded 34 Hong Kong dollars, and the increase of the day was about 50%. Of course, such a high increase is scary, and it is normal for many people to choose to settle down.

What's more, Hutchison Whampoa's stock price fell sharply that day and started to dive from around 37 Hong Kong dollars. The higher the price goes, the greater the selling pressure, so more long funds are needed to enter the market, and no meat is cut because of the low opening and diving. A bargaining chip for stop loss, so as to have more motivation to go up.

"Good news, it's done!"

"The newspaper we arranged has already published the relevant reports, and the relevant reports will be spread to the four major exchanges soon."

In the VIP room where the British air side was located, Henry Kessack and others finally got good news, and the bad news they arranged was about to be published in the newspaper.

Michael Kadoorie said aloud: "Now is a good time. The stock price of Hutchison Whampoa is in a turmoil. The bad news will definitely suppress the stock price."

"Certainly possible!"

Several people said loudly, praying in their hearts must be like this, otherwise the bad news will not work, it will mean that the bad news will be exhausted, and it will become a bullish instead, and there will be no way to suppress the stock price rise, unless there is a definite blow to Hutchison Whampoa Huge negative.

"Damn it, it's a joke that the court would agree to such an application from Standard Chartered Bank!"

Hutchison Whampoa, Lin Baicheng was very angry after learning what happened from Wei Li.

Just this morning, Hutchison Whampoa and Standard Chartered Bank filed a lawsuit in the court. In addition to suing Standard Chartered for breach of contract, Hutchison Whampoa wanted Standard Chartered to compensate Hutchison Whampoa for its losses. Purpose.

The lawsuit is really going to be fought, and the result will not come soon, but just in the morning, Standard Chartered applied to the court to freeze the use of large amounts of funds from Hutchison Whampoa. The reason is to prevent Hutchison Whampoa from having no money to repay the loan after losing the lawsuit. to Standard Chartered.

This ridiculous application was passed by the court.

As a result, Hutchison Whampoa can no longer use funds to buy back shares, even if it is borrowed funds.

I also want to know that this is the handwriting of the short side, and it is indeed a bad news for the market.After all, Hutchison Whampoa's continuous use of funds to repurchase is a reason to support the rise in stock prices. Now that the repurchase is empty, the market will certainly be worried.

Wei Li asked aloud: "Boss Lin, now we can no longer buy back stocks, what should we do?"

"What else can I do now, first return the funds to Xinghe Game Company, and then I will think about how to deal with it."

Lin Baicheng was a little helpless. Although he was very dissatisfied, the court represented the law, and he could only abide by it. At most, he would find an opportunity to cause trouble for the court in the future, but at present he could not violate the law, so that the short side would have more excuses to attack and Remember Whampoa.

"I see."

Wei Li nodded, got up and went out.

Lin Baicheng was thinking about how to deal with it, and the impact on Hutchison Whampoa's stock price. Now he can only hope that the impact on the stock price will not be great.

Before eleven o'clock, relevant news spread to the four major exchanges, and soon a large number of stockholders knew about it.

The stock price, which was originally fluctuating between HK$30 and HK$34, immediately ushered in a sharp drop, falling below the price of HK$30, and it is still falling.

"Okay!" "Good fall!" "Continue to fall!".
When the stock price of Hutchison Whampoa fell below 30 Hong Kong dollars, Henry Caesaker and others were overjoyed, and the bad news they prepared was not in vain.

When the stock price of Hutchison Whampoa fell to 28 Hong Kong dollars, it ushered in a small rebound, but soon fell below 28 Hong Kong dollars, fell to around 27 Hong Kong dollars, and then ushered in a rebound again, and finally oscillated around 28 Hong Kong dollars.

After learning that the stock price of Hutchison Whampoa fell to 27 Hong Kong dollars and stopped falling, and oscillated around 28 Hong Kong dollars, the reactions of Lin Baicheng and the British capital air side were completely different.

Lin Baicheng breathed a sigh of relief. Although the stock price fell a lot, it did not fall too sharply, at least it was still above today's opening price.At the price of 28 Hong Kong dollars, today's increase has exceeded 20%, which is quite a lot.

Henry Kessack and others were a little dissatisfied, because the drop was not enough, and they hoped to fall to around 25 Hong Kong dollars, so that they could still use their strength to sell some stocks to suppress the stock price below 25 Hong Kong dollars.It's a pity that the stock price fluctuated around HK$28, and they only had more than 1000 million shares in their hands. They were not sure whether they could completely suppress the stock price, so they were afraid to sell it.

(End of this chapter)