Rebirth of the Financial Crisis Sweeping the World

  Chapter 130 130 Quickly close the position and make a net profit of 47 million!

  The next day, June 23, Monday.

  Wang Guanxi got up very early.

Now he is like rushing to make money. Really short of money, if someone robs him and invests in the Jingdong Group, which is the most difficult this year, he will invest in Jingdong Group afterwards, he will have to spend more money. .

  Maybe, after Jingdong got the financing, it overcame difficulties. After the Spring Festival of 2008, the valuation may soon return to more than US$500 million.

  However, the stock market has not yet opened.

  Have breakfast and read the news.

  After a while, the stock market finally opened.

  The opening position is at 2.95.

  A few minutes later, it rose to the 3.00 position.

  At present, Wang Guanxi is shorting 23 million shares of BYD Electronics Group, and his position is at the 5.00 position, earning 2 yuan per share, temporarily floating 46 million Hong Kong dollars.

  He intends to wait for the stock price to drop to the 2.00 position and begin to close the position.

   Get out early, and then go short the stocks of other listed companies to make quick money.

  Because the stock of BYD Electronics will remain low for a long time, Wang Guanxi will not spend so much time on it.

  At this moment, the US Fidelity Investment Group (FMR), Hong Kong branch, Si Xiuliang ordered: "Continue to increase its holdings of BYD Electronics and sell Penguin Group"

   "Yes, President"

  In a flash, the stock price rose to 4.00.

   Profits are declining, and Wang Guanxi has no choice but to keep his eyes open.

  Finally, BYD Auto Group took the initiative, and once again cashed out the shares of BYD List Group.

  The stock price turned and fell again.

   fell to the 3.50 position.

   then fell to the 3.00 position.

  BYD Automobile Group, Hong Kong branch, She Wenju: "Temporarily stop cashing out"

  And the American Fidelity Investment Group, Si Xiuliang: "overweight"

   Then a few traders began to buy large sums, this time they directly raised the stock price from 3.00 to 4.85.

  At this moment, the profit loss in Wang Guanxi’s account is very miserable, but there is no way, as long as we continue to wait.

   "This American Fidelity Investment Group is still increasing its shareholdings. It's really a shame!"

  Si Xiuliang: “The market stopped increasing its holdings, which caused BYD Auto Group to sell off and fell to the 2.00 position to increase its holdings again.”

  He naturally knows that BYD Auto Group is cashing out shares of BYD Electronics in exchange for cash. That happens to be a low price for him to buy more stocks, anyway, they are making long-term investments.

  And BYD Auto Group, She Wenju: "The American Fidelity Investment Group has already pulled up the stock price and continues to sell."

  At this time, BYD Automobile Group started a new round of selling, but the American Fidelity Investment Group did not increase its holdings.

  The stock price fell all the way, from the position of 4.85 to the position of 2.50.

  A record low.

  Wang Guanxi was overjoyed.

   "There are so many selling in the market, so I have to close the position"

  He quickly began to close his position, and he closed the short order equal to buying in the market.

  He doesn’t want to wait anymore.

  1 million shares!

  1 million shares!

  ···

  The stock price turned around and rose visible to the naked eye, and quickly rushed from the 2.50 position to the 3.50 position.

  Wang Guanxi quickly stopped liquidating.

  Si Xiuliang's eyes were taken aback, and he had the funds to enter the arena and rushed in front of them.

   "It's okay, grab it."

  These little fish who are rushing for the market are just too lazy to pay attention. Anyway, the stock price will be suppressed by BYD Auto Group. He already knows that BYD Auto Group is cashing out shares of BYD Electronics Group.

  The stock price will fall soon.

  Then the stock price slowly fell under the sell-off of BYD Auto Group, falling from the 3.50 position to the 2.50 position again, and Wang Guanxi closed his position again.

  1 million shares!

  1 million shares!

  ··

  Back and forth, Wang Guanxi closed 13 million shares, and there were still 10 million short shares in his account that were not closed.

  "Keep waiting, BYD Auto Group will definitely continue to sell. As soon as the stock price drops, I will close my position and preempt the increase in holdings by the American Fidelity Investment Group!"

  Wang Guanxi felt a little proud thinking of here.

  At this moment, BYD Auto Group, She Wenju: "Continue to sell off"

  "Yes, Mr. Yu" traders continued to sell the stock, the stock price fell to 2.50 again, and Wang Guanxi continued to liquidate the position after seeing this!

  He was very slow this time.

  200,000 shares!

  200,000 shares!

  ```

  Because there are not many selling in the market, Wang Guanxi’s liquidation caused the stock price to rise to 3.50, and he quickly stopped liquidating.

  Another 5 million shares were closed, and now there are 5 million shares left in the account that have not been closed.

  He is looking forward to closing all short orders this morning.

  However, retail investors have entered the market, and they will buy big money in the future, so they want to come in and get a share of the pie, buying crazy.

  Many high-frequency traders from investment banks also entered the market, such as Goldman Sachs, Citibank, Morgan Stanley...

  These guys pushed the stock price to 4.00!

   "I rely on it, it actually rose to the 4.00 position" Wang Guanxi's account profit fell by 5 million Hong Kong dollars, and he continued to wait for the opportunity to close the position.

  Time slowly passed.

  At 11:30 in the morning, the stock price fell again.

  10 minutes later, the stock price fell to 2.50 again, Wang Guanxi was overjoyed.

  "The opportunity to close the position has finally come"

  So he started to close the position again.

  500,000 shares!

  500,000 shares!

  ··

   Pull the stock price to 3.40!

  Wang Guanxi’s 23 million short positions, with an average liquidation position of 2.95, earned 47.15 million Hong Kong dollars per share. After deducting interest fees, Wang Guanxi made a net profit of 47 million Hong Kong dollars.

  Wang Guanxi just closed his position. Not long after, a big sell-off order appeared, and the stock price dropped directly to the 2.00 position.

  This is the work of Zhong Hewu of Golden Dragon Fund. He has been waiting for the stock price to rise above 5.00 and cash out again, but he has not been able to wait, and he does not want to wait this time.

Zhong Hewu, one of the major shareholders of BYD Electronics Group, is also not optimistic about the auto market in the second half of today, so it is better to cash out early, and you can still buy it back at a low price in the future.

  Wing Lung Securities Company Wu Zhanhai held 7 million shares and suffered heavy losses, with a loss of nearly 45 million Hong Kong dollars in his account.

   "Oh, this **** BYD Electronics, it's really **** me up"

  Although he is one of the heirs of the Wu family, if his performance is not good, he will not be able to inherit the family.

  Many investments have failed recently, which really makes him frustrated.

  And Guoco Financial Group, Guo Linhai holds 11 million shares of BYD Electronics and 15 million shares of BYD Electronics. The stock prices of both companies have fallen miserably recently, and he has lost more than Wu Zhanhai.

  The loss on the book is nearly 150 million Hong Kong dollars.

   "Alas, this American Fidelity Investment Group is a huge pit, a huge scam, and said that it increased its holdings of BYD Electronics. As a result, BYD Electronics has fallen so much recently."

  In the United States Fidelity Investment Group, Si Xiuliang's face is a little dark, "temporarily stop holdings."

  Now they hold a total of 400 million shares in their accounts, with a floating loss of 1.6 billion Hong Kong dollars. Although it is a long-term investment, the floating loss is indeed a bit too much.

   Soon the market closed in the morning.

  Wang Guanxi looked at the account net worth as high as 187 million Hong Kong dollars, his face showed a satisfied smile, at this time the phone kept ringing.

  (End of this chapter)