Rebirth of the Financial Crisis Sweeping the World

  Chapter 110 110 The disadvantage is reversed, cool!

  Time passed in a flash, and the weekend passed quickly.

  June 9th, Monday.

  Before the stock market opened, Wang Guanxi turned on his mobile phone and stared at the share price of BYD Electronics Group.

  After all, there is a loss of 40 million Hong Kong dollars in the account, and he is not guilty. It is fake.

  He has been searching for technology companies that can invest in these two days on the weekend, but he has not found many, and qualified technology companies are too far away. In other countries, he cannot go now.

  The stock market will open soon.

  The share price of BYD Electronics Group is still going up!

  Because the US Fidelity Investment Group bought shares of BYD Electronics Group in a large amount last Friday, many retail investors smelled the fragrance.

  Especially retail investors in the Mainland, Shenzhen, and Guangzhou, like to do Hong Kong stocks!

  Many mainland retail investors are buying the share price of BYD Electronics Group, because BYD Electronics Group was established in Shenzhen. Many retail investors in the Mainland have seen its prospects. Coupled with the large purchases made by the US Fidelity Investment Group last Friday, the retail investors are really happy.

  It feels like there is meat to eat.

   Soon the stock price rose from 14.00 to 14.20.

  The floating loss in Wang Guanxi’s account increased by 2 million Hong Kong dollars, and the floating loss was 42 million Hong Kong dollars.

   "Good day!"

   "A bunch of retail investors who are really disabled, they are still buying!"

   Then continue to rise!

  There are institutions, and even short-term high-frequency traders in investment banks have also entered the market!

  They are buying!

  High-frequency traders at Goldman Sachs, UBS, and Morgan Stanley’s Hong Kong branch are completing dozens or even hundreds of transactions every day.

  The novice high-frequency traders trained by these investment banks are much better than ordinary retail investors!

  They fast in and out, go long and short, come and go.

  However, the share price of BYD Electronics Group still rushed to the 14.95 position, and Wang Guanxi's account lost 49.5 million Hong Kong dollars.

  He is also drunk.

  Wing Lung Securities Co., Wu Zhanhai is very happy. He bought 4 million shares last Friday, which is nearly 12 million Hong Kong dollars.

  "The share price of BYD Electronics Group can definitely rise to 30 Hong Kong dollars in the future!"

  He read the investment report released by Fidelity Investment Group (FMRLLC) and analyzed the prospects of BYD Electronics Group very well. He is also extremely optimistic about the prospects of BYD Electronics Group.

  Wang Guanxi actually dared to short BYD Electronics Group, it was swollen to the point of abnormality!

   "Wang Guanxi is going to suffer this time!"

   "I see what your investment genius will do this time!" He muttered to himself, then smiled and took the coffee cup and took a sip.

  Betting against Wang Guanxi several times, all of them lost, which made him very unconvinced.

  However, this time Wang Guanxi is competing with American Fidelity Investment Group, but Wang Guanxi has suffered.

  ··

  At this moment, HSBC International Trust Hong Kong Branch, Jiang Quan just looked at the share price of BYD Electronics Group, thinking.

  "Not for sale temporarily, continue to wait for people, after they pull to the 15.00 position, we will come out again!"

   "Yes, President Jiang."

   waited, but the stock price fell by 0.05 yuan to 14.90.

  Golden Dragon Fund, Zhong Hewu looked at the stock price chart and fell into contemplation. He chose to sell off the millions of shares he had increased last week!

  Under his sell-off, the share price of BYD Electronics Group fell to 14.00!

  Then the market closed.

  At this time, his phone rang, and it was a friend from the mainland who came over from Landquan.

   "Lao Zhong, my stock index futures account is liquidated and I lost a lot of money"

  He was long the Lushen 300 Index last month, but the Lushen 300 Index has been falling.

  Today, the Lushen 300 Index is even more limited. His account finally broke out and lost nearly 1 billion yuan.

  Randquan said sadly: "I have no money now, and I just lost 1 billion. You return the 200 million that you owed me before, or I will jump off the building."

Zhong Hewu said comfortingly: "Don't worry, Lao Lan, I am a billionaire worth of people, can't I not be able to pay you back? Lao Lan, I will cash out the shares of BYD Electronics Group, and I will pay you back. Don't think about it."

   After chatting, Zhong Hewu looked at the share price of BYD Electronics Group and planned to start cashing out on a large scale in the afternoon.

  He is the major shareholder of BYD Electronics Group, holding 7.5% of the shares and worth 2.3 billion Hong Kong dollars.

  At least 200 million Hong Kong dollars must be cashed out this time.

  Just do it!

  The market opened in the afternoon, and Zhong Hewu began to sell stocks.

  1 million shares!

  1 million shares!

  ···

  He kept selling.

  The shares of BYD Electronics Group began to fall continuously.

   quickly fell from the 14.00 position to the 13.00 position.

   did not stop, continue to fall!

   fell from 13.00 position to 11.80 position,

   continued to fall and finally fell to the 11.00 position.

   still did not stop.

   fell to 9.92 in the end!

   In the 15-minute chart, that is a Yinxian.

  But when the market closed, the stock price rose back to the 10.00 position.

   "Oh, I finally cashed out 200 million Hong Kong dollars." Zhong Hewu then put together 28 million Hong Kong dollars, 228 million Hong Kong dollars, converted into 200 million yuan, and then transferred to Rand Quan.

   Then he called Landquan and said: "Lao Lan, I will pay back the money later, please check it."

  Randquan thanked: "Thank you"

   "Old bell, this 200 million is just the answer to my urgent need"

  ``

  Because Zhong Hewu sold shares of BYD Electronics Group through his own offshore fund, Golden Dragon Fund sold shares of BYD Electronics Group, which led to the loss of confidence among long retail investors in the market.

  Wing Lung Securities Company, Wu Zhanhai was completely dumbfounded.

  He now holds 4 million shares, but instead loses 8 million Hong Kong dollars.

  His previous account had a floating profit of nearly 12 million Hong Kong dollars. Now it has become a floating loss of 8 million Hong Kong dollars. This afternoon, he lost 20 million Hong Kong dollars.

  I'm so angry.

   "Grass!"

  He put the coffee cup on the table fiercely!

boom!

  HSBC International Trust Hong Kong branch, Jiang Quangang was also a little dumbfounded. It turned out that the major shareholder of BYD Electronics Group was selling.

  He knew that the controller of Gold Dragon Fund (GoldDragon) Zhong Hewu was cashing out.

  Because he and Zhong Hewu have held a general meeting of shareholders, and they both know each other.

   Then he told the traders: "Wait another two days to see."

  ··

  Wang Guanxi saw that the share price of BYD Electronics Group finally fell to the 10.00 position, and there were no floating losses in his account.

  The highest floating loss in his account today is nearly 50 million Hong Kong dollars.

  It's really awesome, it should be the major shareholder of BYD Electronics Group to cash out.

  The disadvantage is reversed, cool!

  The next step is to wait to collect the money.

   Going home in the evening, his father Wang Junming also returned. Today, the Lushen 300 Index has dropped to the 3365 position.

   Together with his cousin Wei Dezhou, he shorted 120 lots of the Lushen 300 Index, with a position of 4070 and a fluctuation of 36,000 RMB.

   Earned 705 points in the account, one point is 36,000, a total floating profit of 25.38 million yuan.

  I really made a fortune this time.

   "Dad, congratulations," Wang Guanxi smiled.

   "Haha, I will be the boss this year!" Wang Junming was very happy.

  Dinner, the family had a great time.

  (End of this chapter)