Rising from the age of thirty

Chapter 97: Short Selling, Earning 7740 Million

Moreover, the contract he signed with the securities company was to close the position within a week. If the price fell below one dollar between Tuesday and Thursday, the position would be closed. If it did not fall below one dollar, the position must be closed no matter what the price was on Friday!
A jewelry store in the city center.

Zhao Peipei wanted to buy a piece of jewelry, so He Mei simply brought her over to choose.

"You stay here and look around. I'll go find Zheng Yusheng."

"Okay, go ahead."

Zhao Peipei couldn't take her eyes off the various jewels on the counter.

He Mei came to Zheng Yusheng's office. This guy was reading a book and drinking tea, very elegant.

"So you have some time to drink tea and enjoy life. Have you researched stocks today?"

"No, I just had time to sit down."

“What do you think of Wantong’s stock?”

Zheng Yusheng was stunned, and then he thought of the Wanjia Industry mentioned by Lu Le last week, and couldn't help but ask in confusion: "What happened to Wantong stock?"

"There were reports of financial fraud over the weekend, and today's stock price is unbearable to look at."

"Shit? Really?"

These two words were enough to show Zheng Yusheng's shock, his eyes widened.

Seeing He Mei nod, Zheng Yusheng took a breath and asked, "How much does he earn?"

“We didn’t sell any.”

Zheng Yusheng: “…”

"No, you guys want to make more money? Aren't you afraid that the Wan family will make amends? What if they raise the stock price crazily, and then a group of greedy people will be buried."

Zheng Yusheng has some understanding of the stock market.

"This time, I'll listen to Brother Le. I'll close my position when he does."

Facts have proved that being obedient is the right thing to do.

If you don’t listen to Lu Le, you will lose a lot of money!
He Mei took a sip of tea and continued, "Under what circumstances do you think you would want to short a company that is gaining momentum?"

"You mean Wantong!" Zheng Yusheng shook his head. "I can't short sell without absolute certainty. Brother Le's actions last week were crazy, and I can't see through them."

"So, Brother Le must have investigated some inside information, or someone must have revealed it to him."

He Mei was just guessing, and he regretted it so much. It was such a good opportunity, why did he short sell 2 million shares?
"It's possible. Most people don't know that Wantong Company has committed financial fraud."

"Haha, Zheng Yusheng, do you regret it?"

Zheng Yusheng: “…”

There is a little bit of that, but who can say for sure? What if Wan Tong didn’t explode?
As he said, the risks outweigh the opportunities, so he chose not to follow.

“I don’t make money that doesn’t belong to me.”

"Several executives of Vantone have been arrested, and it has become a hot topic. I just don't know if Vantone will raise its stock price."

"If there are many people shorting, it won't happen. It depends on how low the stock price will fall. It's hard to say. If there is big money buying, it will go up in a matter of minutes."

Zheng Yusheng’s words made He Mei worried, as anything could happen in the stock market.

.........

These days, Lu Le has been taking care of the children, preparing three meals a day, and leading a normal life, and has not been affected at all by the stock price fluctuations of Wantong Company.

The stock price fluctuated on Tuesday and closed at 1.6 yuan. On Wednesday, it fell below 1.3 yuan and broke 1 yuan at the opening on Thursday morning. Lu Le was ecstatic. The opportunity had finally come and he had made the right bet!

Wantong’s stock price really fell below one dollar.

"Sister, close the position!"

“Buy stocks quickly!”

He Mei was woken up by the phone call. When she heard Lui Lok's voice, she instantly lost all sleepiness.

"How much?"

"One dollar now." "Brother Le, I got some information. Several institutions are shorting Wantong's stock. It is very likely that they reported the financial fraud. Why don't we wait a little longer? Maybe it will fall below 50 cents tomorrow."

Fifty cents per share!
What a bargain.

If it really drops to 50 cents, this wave of short selling will make a lot of money.

Lu Le frowned and refused directly.

It’s okay to make money in the stock market, but some people don’t like making big money. Making too much money at one time is tantamount to going against them.

Therefore, Lu Le would never wait until the end to close all his positions and try not to alarm others.

"Sister, if we close our positions together, others will think we are buying at the bottom. If 50 cents is the bottom, we will buy it and make so much money that it will attract other people's attention. The capitalists' money is not so easy to take."

After listening to this, He Mei also felt that it made sense. Since Lui Lok insisted on closing his position, he did not dare to continue to wait and see.

"it is good."

After buying 350,000 shares, Wantong’s stock price instantly rose to RMB 1.3, but soon a large amount of funds were sold off, pushing the stock price down to around RMB 1.

After a while.

He Mei completed the operation.

The 35 million shares that were purchased were returned to the securities company.

The funds required to close the position are 7750 million, and the million shares sold last week are million. Minus million, the profit is million.

He Mei said excitedly, "Brother Le, after deducting various expenses, the profit from short selling is 7440 million. You made a fortune."

"not bad."

Although he seemed calm on the surface, Lu Le was actually frightened by the amount. His heart was beating uncontrollably fast. It was no wonder that people said that the stock market could make one rich overnight by making so much money by short selling.

7420 million + 3000 million in deposit + 650 million remaining in the account, Lu Le's funds have reached more than million, a shocking number, making him a true billionaire.

One hundred million!

Lu Le thought about it a few days ago, but when he really had 100 million, he was so excited that his mind went blank and he was speechless.

He Mei followed Lui Lok and shorted two million shares, and made 440 million.

"Fuck, that's more than my net profit in two years. Brother Le, I'm impressed."

He Mei's eyes widened. This was the second time she made money following Lui Lok. The first time was by speculating in real estate, and the second time was by short selling. In total, she made more than five million!

Although he made a lot of money, Lu Le felt a little regretful that Wan Hualin had gotten away with the financial fraud of Wantong Company.

"What's the connection? I can't say I'm lucky. I should say the Wan family is unlucky and was targeted by short sellers."

"The Wan family lost Wantong, and it was not a big deal for them. I remember Wan Hualin also had a live broadcast media company."

Lu Le smoked a cigarette. Hualin Online Live Media also has many problems, such as money laundering. If they want to bring down Wan Hualin, it is a good choice.

Since Wan Hualin has already targeted him, there is no need for Lu Le to swallow his anger.

There is a lack of opportunity, and we must make good use of the information provided by the system.

Wan Hualin must fall!!
Lu Le thought of a way. Although it was not very presentable, there was actually a commercial competition method in the country, and the favorite one was to use the opponent to kill the opponent.

Who is Wan Hualin’s biggest rival?

It is most likely Jin Shichang, and Jin Shichang has suffered losses at the hands of Wan Hualin.

Next, Lu Le planned to organize the negative information about Wan Hualin given by the system and have someone send it to Jin Shichang.

Let the two tigers fight!
"Indeed, money makes the world go round, and the Wan family has found a scapegoat."

Suddenly, He Mei on the opposite side was a little noisy, someone was talking, probably He Mei was talking to He Lao, after a while, He Mei smiled and said, "I'm sorry, Brother Le, my grandfather knows about my money-making, and he wants to invite you to have lunch with him, what do you think?"

We have to give face to Mr. He, and even the current top leader doesn’t have such treatment.

"Okay, it's time for dinner, so I'll respectfully obey your orders."

(End of this chapter)