You are worth tens of billions before you come to the system?

Chapter 103 Liquidation and Settlement
"How many chips do we still have?"

"Mr. Lin, there are still more than 30 shares in the account."

$55 is like an insurmountable gap. No matter how many selling orders there are in the market, as long as it touches this line of defense, all will be swept away.

Lin Zitai tested it several times and understood the other party's determination.

Even though he was unwilling to do so, he gave up his plan to break through the 55-yuan defense line: "Manager Lu, you sell 60 shares and lead the team to go short. Others will buy back the stock at the price of [-] US dollars."

Give up shorting Novartis, but don't show your intentions.

Otherwise, the hot money of retail investors in the market will easily follow the trend and buy the bottom, causing the stock price to rise and increasing the cost of their repurchases.

Therefore, letting Lu Feng continue to sell stocks and lead the charge is to create an illusion for the market.

The short sellers still have chips, everyone help me~
Only when retail investors' hot money rushed in to take over, Lin Zitai and the others could repurchase the stocks at a lower price and ensure that the profits they had already received would not be spit out.

Although retail investors are pitiful, this is the law of the market. If you can predict the choice of an institution in advance, you can make money. If you cannot predict the choice, it can only become a stepping stone and become a leek.

Lin Zitai assigned the task, walked out of the operation room, and called Wei Yixiang: "Director Wei, how is the situation over there?"

Judging from the market conditions, Wei Yixiang's situation seems to be very pessimistic.

The Dow Jones index plummeted, and Novartis was almost halved.

However, for medical stocks such as Johnson & Johnson and Pfizer, major institutions have reacted and entered the market with funds to protect the market.

The actions of the heads of these agencies were so rational that Lin Zitai even suspected that they had agreed in advance.

Because it is unrealistic to protect Novartis' share price, the best thing is to protect other stocks, thereby protecting the market index.

As long as the market is not greatly affected, Novartis's share price will fall back sooner or later.

And just now, the BBC, the Guardian, the Wall Street Journal, and the Times have published articles questioning the existence of the new slow-grain drug and seriously doubting the authenticity of its news.

What about CCTV special topics?
The authority is only within the country,
International influence is minimal.

It is at least a few years away from the launch of new slow-grain drugs.

They had plenty of time to prepare.

As long as you refuse to admit it, the news will be false.

This kind of news may not be able to deceive the hot money institutions that are shorting Novartis, but by deceiving the general public and leaving other companies unaffected, their purpose will be achieved.

"Fortunately."

Wei Yixiang feels a little heavy because he underestimated the countermeasures of European and American medical companies.

Novartis has no countermeasures against new slow-grain drugs, but that does not mean that other pharmaceutical companies do not.

Since the opening, stocks have generally fallen by 5-10 points, and now most of them have turned from falling to rising.

Although they say they won’t lose money, the money they make may not be enough to pay the handling fees.

Lin Zitai was stunned, but he could only express his deep sympathy: "We plan to buy back the stock at a price of 60."

Wei Yixiang guaranteed the use of 50 billion U.S. dollars. If he gathered such a huge amount of funds and did not make a profit of 10 points, he would actually lose money.

Wei Yixiang pondered for a moment: "Then we set up a defense line at $70 and contain it as long as the stock price rises."

They have used more than 60 billion US dollars. If they fail now, the floating loss will turn into a real loss.

As long as you persist, there is still a chance to turn losses into profits. Shorting Novartis is the best choice for risk hedging.

Because there is something to rely on, as long as new drugs are promoted and their authenticity is proven by their efficacy, Novartis's stock price will continue to fall.

After the conversation, Lin Zitai returned to the operating room and told Lu Feng to set the rising defense line at $65.

At this point, Novartis' stock has three lines of defense, namely $55, $65, and $70.

Wei Yixiang’s price of $70 is the bottom price, so they set it at $65 to establish a buffer zone.

As long as the stock price exceeds $65, Lu Feng immediately sells his shares, showing a short-selling attitude to avoid a rebound in the stock price.

In this way, other traders can buy back large amounts of shares between $55 and $65.

U.S. stocks run non-stop for six hours a day, but there are also popular trading periods and unpopular trading periods.

The two hours after the opening and the two hours before the closing account for almost 70% of the whole day's trading volume.Beijing time, one o'clock in the morning on Tuesday.

Lu Feng's face was full of excitement and he suddenly shouted: "Mr. Lin, all twelve of our accounts have been closed."

Within two and a half hours of trading opening, Novartis’ trading volume reached an astonishing $[-] billion.In less than half a day, the trading volume of individual stocks approached the total of Big A for the whole day.

They also took the opportunity to buy back large amounts of stock.

The 1600 million shares required to close the position are just a drop in the ocean in this super market with a circulating volume of 15 billion shares.

Wall Street is not monolithic. While stabilizing the medical sector, they also took the opportunity to short Novartis Pharmaceuticals.

After all, if you don't make money, you are a bastard.

As long as there is enough interest, capital can even sell its own rope, let alone its peers.

This also gave them an opportunity to take advantage of it. The average repurchase price of 1600 million shares was US$63.5 and cost US$10.16 billion.

The proceeds from the sale last week totaled 17.6 billion, minus the repurchase of 10.16 billion U.S. dollars, resulting in a profit of 7.44 million U.S. dollars.

After deducting US$8.8 million and the interest of US$4400 million required for short selling, the total income of the project reached US$7 million.

"35% yield?"

Lin Zitai frowned, not satisfied with the result.

The stock market value of US$2000 billion was almost cut in half, and he only earned US$7 million.I don’t know how many people fished in troubled waters and secretly shared the fruits of his labor.

There is always a feeling of making a wedding dress for someone else, and then he will have to take the blame.

I felt so embarrassed.

"If funds leave the market, you will probably need to deduct 0.5% of the stock stamp tax, which is a net interest rate of 34.5%."

Lu Feng's tone was full of excitement. In less than half a month, he had made a profit of 34.5%. He was very, very satisfied.

The principal amount is as high as 20 billion U.S. dollars. The more funds there are, the more limited the investment projects will be because it is difficult to move in and out quickly.

"Let's summarize."

Lin Zitai laughed and put away his disappointed mood. It was because his psychological expectations were set too high.

If there was no one to share it with, the stock price would not have fallen so fast, and they would not have been able to cash out so smoothly.

In less than ten days, earning 7 million US dollars is not bad.

After leaving the trading room, Lin Zitai called Wei Yixiang and asked them to help transfer funds to Xiangjiang's public account.

The fifth of the four major domestic banks, it has excellent channels for overseas funds, and transactions are not restricted at all these days.

If there is a next time, even if he pays a 2% channel fee, Lin Zitai still hopes to use their channels.

Wei Yixiang said there was no problem and all funds would be withdrawn from the US stock market and returned to Hong Kong within three working days.

After explaining the last trivial matters,

The time has come to 04:30 in the morning.

U.S. stocks closed at $67.6.

Compared to last week's closing price, today's price plummeted -38.8%.

The market was filled with grief, and countless people lost their positions because of this. On Wall Street, the sound of ambulances sounded again.

The total amount of funds in the market remains unchanged.
If someone makes money, someone must lose money.

Financial institutions have patience and funds. Even if they lose money from Novartis stocks, they can still make money from other stocks. What's more, they can stop losses in time and start short selling.

The only ones injured were retail investors who couldn't see the situation clearly.

At noon that day, Lin Zitai was still sleeping, and rumors were already flying all over the Internet.

With a profit of less than US$808.98 million, he was criticized by Western media and was also called a financial butcher. He was also the main culprit of Novartis' market value evaporating by US$[-] billion.

　There are two more chapters tonight, which will be released tomorrow.

　　
　
(End of this chapter)