Reborn in Hong Kong as a Tycoon

Chapter 344 Blowing the Bears ([-])

Waking up around [-]:[-] the next morning, Lin Baicheng called to ask what the current international gold price was.

205.5 US dollars / ounce, the international gold price rose to 208.46 US dollars / ounce yesterday, and then pulled back to around 206 US dollars, fluctuating up and down.

Although it was lower than the $206.63 per ounce before Lin Baicheng went to bed last night, the price of $205.5 per ounce, based on the cost price of $206.8 per ounce, was only a loss of about six thousandths.

Even if you use ten times leverage, the loss is only about 6% of the total principal.

From an investment point of view, a 6% loss is not a loss at all, let alone an investment in the futures market.

Regarding the current international gold price, although Lin Baicheng regrets that he did not get a higher price, he is not disappointed, at least it is not much worse than the cost price.Therefore, he called and arranged for someone to announce the news to let the market know the good news.

Until [-] o'clock in the morning, there was no negative news about Hutchison Whampoa on the market.It is true that the bears want to create bad news, but it is not something they can create if they want to.

The sharp rise in international gold prices is indeed good news for Hutchison Whampoa. During the call auction stage, the stock price rose above 40 Hong Kong dollars.

At this moment, the short-selling British family did not choose to sell the stock, because they knew very well that it would be difficult to suppress the stock price under the favorable circumstances. Selling stocks at this time may be very likely to be bought Take it all.

After the stock market officially opened, the stock price of Hutchison Whampoa continued to rise. It rose to about 45 Hong Kong dollars in about half an hour, an increase of nearly 18%.

When the stock price was about to reach 45 Hong Kong dollars, Henry Cassack and others sold 100 million shares for a tentative suppression, hoping to see if they could suppress the stock price. Unfortunately, their selling orders were eaten in twos and twos, and the bulls The strength makes them dare not sell stocks anymore.

In the VIP room of the Hong Kong Stock Exchange.

The short side, headed by Henry Cassack, Michael Kadoorie, George Swire, and John Madden, gathered together, looking at the rising stock price, each of them looked very ugly.

Looking at the crowd, Henry Cassack said in a deep voice, "Guys, now that the stock price of Hutchison Whampoa keeps going up, what should we do?"

George Swire shook his head: "What else can we do now? Unless the price of gold plummets, the bad news we created will not have much impact on Hutchison Whampoa's stock price at all, and it is meaningless."

Someone said unwillingly: "Could it be that we just admit defeat like this?"

"Ugh!"

John Mabi couldn't help sighing: "The sudden surge in the price of gold was unexpected and beyond our control. Now, we still have to consider what to do if the price of gold continues to rebound upwards? What if the price of gold If it rises to [-] or [-] US dollars or even higher, it means that Hutchison Whampoa’s investment has made a fortune. At that time, if the stock price is not good, it will sprint to the previous high, and our loss will be too great.”

Michael Kadoorie said with a bad face: "But if we admit defeat now, our loss will not be small."

Henry Kessack said: "If we start to buy stocks to cover now, I am afraid that the average buying price of 50 Hong Kong dollars will not be able to stop, and it will be higher. Our loss will not exceed one billion Hong Kong dollars."

John Ma Bin suggested: "Continue to talk to those Americans, it is best to take over the stocks from them, so that it will not happen that we buy more and the stock price gets higher."

George Swyer couldn't help saying: "The Americans asked for a price of no less than 40 Hong Kong dollars before, let alone now, I worry that their appetite will be too big."

John Horse said: "No matter how big the appetite is, we have to talk about it."

Henry Cassack said aloud: "Let's unify our opinions and decide to admit defeat."

Afterwards, everyone discussed.Some people think that it is impossible to win, and they surrender and admit defeat while the stock price has not reached too high;

Finally, after considering everyone's opinions, the short side made a decision.They decided to negotiate with those Americans and buy the missing stocks from them instead of buying from the market, so as not to raise the stock price of Hutchison Whampoa too high and their average buying price too high On the other hand, the negotiation is not at noon and then it can be concluded at night. Take advantage of the negotiation for a few days to observe and see if the international gold price will fall again, or whether the stock price of Hutchison Whampoa will fall.

Making such a decision shows that although the short-selling British-funded family is very unwilling, they already have plans to admit defeat and know that the general trend cannot be violated.

This morning, in addition to the rising stock price of Hutchison Whampoa, I don’t know if it was driven by the rising stock price of Hutchison Whampoa in the past two days. Stocks in nearly every sector were up.

There have been enough adjustments in the previous Hang Seng Index. Once the market thinks that the adjustments are in place, and the bottom is reached, there will naturally be a relatively large rebound.

At around 10:30 in the morning, the stock price of Hutchison Whampoa rushed to the price of 50 Hong Kong dollars, but soon fell down after rushing up, and then fluctuated between 46 Hong Kong dollars and 49 Hong Kong dollars, and did not sprint to 50 Hong Kong dollars until the morning close , but it did not fall below the price of 45 Hong Kong dollars.

At about eleven o'clock during the period, Lin Baicheng learned one thing, that is, the British family contacted Vivien Kelly and the others again, wanting to buy a large amount of Hutchison Whampoa stocks from them.

Lin Baicheng gave a brand new order before the opening of the market in the morning. If the British-funded family came to talk to them, they would negotiate with the British-funded family, but the selling price should not be lower than 45 Hong Kong dollars, the higher the better.

Although if Lin Baicheng does not sell the stock to the British family, the British family can only buy it from the market, which will only cost more, and Lin Baicheng will earn more money by slowly selling the stock.However, Lin Baicheng's acquisition in the United States is now in need of money. He doesn't want the funds to be trapped here for too long. It is best to get the liquid funds as soon as possible to avoid accidents in the acquisition in the United States.

What's more, let the British family buy stocks and admit defeat, and they will stop targeting Hutchison Whampoa. If it really drives them crazy, Lin Baicheng can't guarantee what they will do.

As long as the interests are large enough, it is not impossible for the Hong Kong government to directly suppress Hutchison Whampoa. Now that Hong Kong is a British colony, Lin Baicheng is afraid that he will not be able to handle the suppression from the Hong Kong government.

(End of this chapter)