Back To 1995

   Chapter 361 Carnival

Many people participated in this conference call. Song Yang, Whitman, Ryan, Kravis of KKR Group, Deutsche Bank Edison, etc. all participated, and Evan Spiegel was also allowed. join.

The atmosphere of the conference call was quite good, especially for KKR Group and Deutsche Bank Investment Bank. The double-click share price on this day was somewhat beyond their expectations. The original expectation was that it would rise to more than $30, and more leeks would be added tomorrow. In the market, Creamer's gang invested more, and finally took the bottom line, but I didn't expect that the stock price soared to more than forty dollars on the first day of double-clicking!

   Evan Spiegel, sitting in the conference room, was wandering around the world at this time, and he didn't hear a word at all, and his mind was full of the one million dollar double-click stock that he bought this morning.

   For Evan Spiegel, who has not been short of money since he was a child, it is not that he has never seen money. Being able to come up with millions of dollars in cash is enough to prove everything.

But even Evan Spiegel's three views were also impacted today. He bought about 250,000 double-click shares for $1 million in the morning, and now these shares are worth more than one million dollars. Twelve million dollars!

This is almost Evan Spiegel's parents, saved for decades, and even his father may not be as good as Evan Spiegel. After all, when he sells stocks, he gets cash, and his father, It's impossible to come up with more than ten million dollars in cash.

   Now Evan Spiegel can really feel why so many people are flocking to Wall Street. If Creamer's gang won today, I am afraid they will earn several times more.

  This thing is just like gambling stones, one is poor and one is rich, one is living in a big villa, and one may be admitted to the emergency room...

The people who play double-click stocks today are basically the same. Those who bought them directly gained a lot of money. In one day, they got a beautiful knife that they could not get for half a lifetime or even a lifetime. The wealth of the family was wiped out in one day.

  Song Yang glanced at Evan Spiegel, who was sitting there absent-mindedly and smirking from time to time. He shook his head and asked Kravis on the phone, "That is to say, there are other people entering today?"

"Although it's not clear who it is, there must be people from Wall Street, and the scale of funds is huge!" Kravis said over the phone. When the market closed today, it was obvious that someone was rushing to double-click the stock, and it was the kind of stock at no cost. .

   After hearing this, Song Yang paused and said, "Will the admission of these people have any impact on our plan?"

"Won't!"

   The person who spoke was Edison, who sounded in a good mood, "I saw several familiar "old friends" entering the venue, including Paulson!

   As long as the major shareholder does not transfer the equity by double-clicking, we will not sell the equity before the option is settled. No matter who enters the market, it will not affect the result! "

   The Wall Street gang have all played against each other. Just by looking at the trading routine, they basically understand who is playing. Addison obviously recognized the people from Goldman Sachs.

   Goldman Sachs entered at this time, and Edison could vaguely feel what Paulson wanted to play. In this kind of thing, everyone has always been aware of it and cut leeks together.

   Hearing that Goldman Sachs, a big bear, suddenly entered the market and double-clicked the stock price, Song Yang had a strange look on his face.

   "I suddenly want to see how Creamer and the Wall Street institutions will react when they can't buy stocks to close their positions before the options are settled!"

   Edison said with a smirk, liquidation is not the most terrifying thing right now. Waiting for their side to fully lift the stock price, and when the options are settled, will be the most uncomfortable time for those institutions.

  In order to close their positions, they need to buy Double-click stocks, and Double-click’s outstanding shares are mostly locked by Double-click Company, KKR Group, and Deutsche Bank Investment Bank. How could those people buy them?

In order to compete for the few tradable shares, or let the people who lock the position release the votes, the short sellers need to keep raising the stock price. This is a short squeeze. The scramble will make the stock price continue to rise. At that time, the stock price of the double-click, even if it grows to the sky, the stock price is dozens of times higher than the short position, they will have to bite the bullet!

Evan Spiegel, who was listening to the conference call, couldn't help but pricked up his ears when he heard that the double-click stock price was going to skyrocket. Now the double-click stock price has reached a height of $47, and he didn't know if it could go up. To what extent, but listening to Edison's meaning, he is not willing to let go easily.

   At this time, Whitman couldn't help but said, "If the stock price double-clicks and continues to skyrocket, and even short-selling hedge funds cannot close their positions, I'm afraid the Federal Securities Commission will not be able to explain it!"

   "Even if the double-click lets them go, the SEC will not investigate the double-click?"

   Edison sneered, he had already started to do it, and it was useless to stop at this time. With the skyrocketing speed of double-clicking the stock price, the Federal Securities Commission will definitely set up an investigation team.

   "We are completely compliant with this matter, and there is no violation, I can assure Kravis to Double Click!"

Addison said that what they did was not flawless, but even if everyone knew that they had set up a set, as long as it wasn't people like Song Yang and Whitman who lost their minds and gave them their heads, then this matter is basically the same. The top is nothing, at most, it will be fined hundreds of thousands of dollars without any pain or itching. Compared with the income this time, it is not even a drop in the bucket. Edison is already familiar with this set.

   "Keep going as planned!"

  Song Yang finally nailed the coffin for Creamer's hedge funds.

   Today's Nasdaq trading floor is full of media and reporters, and even some overseas media and reporters come to eat melons.

   Investors throughout America, without exception, today are waiting for the opening of Nasdaq, and all eyes are on Double Click.

  Double-click yesterday is the most beautiful boy in the entire Nasdaq, no one. And last night, there were some unwilling institutions that continued to publish short-selling reports on Double-click, believing that Double-click is not worth the current price at all.

Behind this, there are also investment banks such as Lehman Brothers and Bear Stearns. They have provided leverage for many short-selling hedge funds. If the hedge funds cannot close their positions, they have to follow the bad luck. At this time, they can only bite the bullet. Press the double-click stock price down, and then close the position to settle the option.

Everyone can see that the double-click is not worth the price, but the performance of the double-click yesterday was really scary. Today, countless people are watching and seeing whether the hedge funds on Wall Street are better than the double-click here. more violently.

Creamer, who had not slept all night, was already unshaven at this time, looking at the computer with bloodshot eyes. When the assistant walked in, seeing Creamer looking like this, he couldn't help but startled. Mo, still in high spirits, is pointing the way to Wall Street, but now it has become like this.

   "Boss, some media want to interview you..."

   Creamer's eyes were fixed on the screen, but in a hoarse voice, he replied "No!"

   "It was jointly interviewed by the Wall Street Journal, Financial Weekly, New York Times and other media..." The assistant knew that these magazines and media were the media that Creamer wanted to be on before.

   Creamer raised his head and looked at the assistant with a murderous look, "I said it, no one is seen today!"

The assistant    was taken aback and didn't dare to speak any longer. He hurriedly backed out. He could see that Creamer was on the verge of madness.

  Under the watchful eyes of Creamer and countless people, the Nasdaq opened, almost the same as yesterday. As soon as the market opened, countless short orders began to pour down, which was much bigger than yesterday's movement.

   And the stock price of Double-click fell from $47 to $33 in an instant, a drop of 30%, but in an instant, the stock price was pulled back to $47.

For the next few minutes, the double-clicked stock price was like a roller coaster, constantly being beaten down and pulled up again and again, by an astonishing 30% or more. It is conceivable that the stock price kept jumping from the lower limit to the upper limit every second. I feel that people with bad hearts have long been carried away.

   Less than half an hour after the opening of the Nasdaq, the trading volume of the double-click stock exceeded 1.1 billion US dollars. Today's trading volume surpassed yesterday's, which is already a sure thing.

   In more than half an hour, while KKR and Deutsche Bank were fighting with those hedge funds, suddenly another large amount of money came in.

   Then I saw that the stock price of Double-click began to hit new highs, from US$47 to US$50, and then from US$50 to US$60.

Countless people watched the stock price of Double-click, heading for the sky-high price of $70. The stock price of $70 has a special meaning for Double-click and the entire Silicon Valley, which means that America and the entire Internet industry, The first Internet company with a market value of over 10 billion US dollars will appear!

   When the stock price double-clicked and exceeded US$68, a veteran fund manager in a Wall Street fund company who was over 60 years old and had experienced many storms finally burst into tears and returned to his seat to knock out the list.

He knew that the double-click stock price at this time was completely above the atmosphere, and it would definitely not last long, but he couldn't wait any longer. With so many years of experience, he told him that if he didn't cut his flesh at this time, he would die next. Worse!

   "We are on Wall Street now, and the double-click stock price is still rising. We will interview the manager of the Nasdaq market department to discuss the double-click stock price..."

A reporter from a TV station, standing in front of the Nasdaq building, was in the middle of speaking when he suddenly heard a "bang". The host looked back and couldn't help screaming. Sweeping past, I couldn't help but scolded a word that started with F, and then quickly moved the camera, but as soon as it flashed by, some sharp-eyed viewers saw that someone was jumping off the building.

   When news came out that the double-click short-selling rate exceeded 200%, and all the outstanding shares had been locked, another kind of carnival seemed to kick off again…

   (end of this chapter)