Rebirth of the Financial Crisis Sweeping the World

  Chapter 385 385 full warehouse bargaining Citigroup

  After the liquidation of the No. 2 Fund, Citibank’s stock price rose from $39.00 per share.

   rushed to around $43.00 per share.

  Although Citibank’s stock price rose by $4 due to the liquidation of the No. 2 Fund, it was immediately suppressed and began to turn around and fall.

   However, it was temporarily supported when it fell to $40.00 per share.

  Many shorts close their positions here, or there are many longs here to buy bottoms.

  After all, since the outbreak of the financial crisis, Citibank’s stock price has fallen from $210 per share to the current $40 per share. In the eyes of many investors, it is already very low, and it is time to buy bottoms.

  Wang Guanxi couldn’t help but said: “This Citibank stock has been supported, and I don’t know what happens next.”

  He knew that Citibank’s stock price would still fall, but it could rise by a big wave, and then turn around and fall again.

  This time, I closed out Citibank’s stock, just to make two more operations and two more money.

   Then he asked; "How much money did the No. 2 Fund make this time?"

  Huang Shaokai hurriedly said: "BOSS, this time the No. 2 Fund has made a total of US$860 million in Citibank."

  The No. 2 fund shorted 5 million shares of Citibank, with an opening position of US$213 per share and a closing position of US$41 per share.

   Calculating $172 per share, 5 million shares is $860 million.

  The principal of this operation of Citibank is 1.032 billion U.S. dollars, plus the profit, that is 1.892 billion U.S. dollars.

  Wang Guanxi said: “Withdrawing 92 million US dollars, first, pay the interest of Indian private pensions, and the rest will be used as bonuses, as well as the daily operating funds of the foundation to pay interest in other places.”

  This time short Citibank’s stock for more than 3 months, the interest alone exceeded US$50 million,

  Fortunately, I made 860 million US dollars, and the interest of 50 million US dollars is not much.

  But Wang Guanxi still shorts Wells Fargo, Bank of America, and Hongkong and Shanghai Banking Corporation.

   still owes Wing Hang Bank HK$26.4 billion.

  Owed to United Bank of India, Bank of Baroda, and Indian Overseas Bank totaling 320 million U.S. dollars.

   owed US$750 million to the Bank of East Asia.

  It also requires huge interest expenses every day.

  "Yes, BOSS" everyone immediately followed suit, and soon there was a US$1.8 billion left in the No. 2 Fund.

  And Citibank’s stock price is still at 40.00, neither falling nor rising.

  Wang Guanxi now intends to buy the bottom of Citibank, but he does not want to buy large sums directly in the stock market. In this case, the stock price will rise a lot.

  So he commanded: "Call Nehru from the Indian Private Pension Fund, and Sundeep Bartra from the Indian Industrial Trust and Investment Bank!"

  "Tell these two Indians that our black shirt insurance company will buy their Citibank stock at market prices."

  "Yes, BOSS" Huang Shaokai and Wu Zhankun called Nehru and Sundeep Batra respectively.

  Then the other party wants to talk to Wang Guanxi in person, and Wang Guanxi expects the other party to be soft.

   Nehru responded on the phone: "Are you the Black Shirt Group? Do you think I would be so stupid to sell you Citibank's stock price for $40 per share?"

  Currently, private pension funds in India hold 5 million shares of Citibank, with a position of $136 per share!

  Now Citibank’s stock price has fallen to $40 per share, with a book value of $480 million.

  He will never sell Citibank stock!

  "I will carry it to the end, and I will increase the position to buy into Citibank!"

   "How can I sell it to you?"

  "Wang Guanxi, stop dreaming"

  "Do you think I would be stupid enough to sell it to you for $40 per share?"

   "US$136 per share, pretty much the same"

  Nehru finished in one breath.

  Wang Guanxi laughed and said, "Nehru, don't dream anymore, I want to see when you can carry it!"

   "You will regret it then!"

   "I tell you, in the future you will sell it to me at a price of 20 dollars per share, I don't want it"

   Nehru chuckled: "Let's see!"

   Then Wang Guanxi talked with Sundeep Bartra of the Indian Industrial Trust and Investment Bank.

  Sundep Batra sneered inwardly, and said: "Wang Guanxi, you are really my friend, you will give you the price of $200 per share, right?"

  Wang Guanxi chuckled: "Sundep Bartra, what are you kidding, do you think it's possible?"

  Sundep Batra: "You were joking with me first. Do you think I will sell it to you at a price of $40 per share?"

  Industrial Trust and Investment Bank of India holds 6 million shares of Citibank, with a position of 215 US dollars per share. Now Citibank’s stock price has fallen to 40 US dollars per share, and the book loss is as high as 1.05 billion US dollars!

  How could he sell these stocks?

  At this time, Wang Guanxi: "Don't regret it, Citibank's stock price will only get lower and lower in the future, it will kill you!"

  Sundep Batra chuckled: "You said that Citibank's stock price is getting lower and lower, so what are you buying for?"

  Wang Guanxi smiled and said: "I plan to join the board of directors of Citibank. I will give you a price of $42 per share. You can think about it."

  Sundep Batra: "Hehe, what is there to consider, you give $200 per share, I may consider it"

Wang Guanxi smiled and said: "How about $44 per share? If you don't sell it now, it will be lower in the future. I also think that we are old acquaintances. I only gave you the price of $44 per share. You should consider it carefully. If you miss the present, the stock price will only get lower and lower in the future"

  Sundep Batra: "Hehe, I plan to take it for more than 10 years, so you don’t have to worry about it."

  Ending the call, Wang Guanxi reluctantly sat on the sofa, his eyes fixed on the stock price chart of Citibank!

  Citibank’s share price was supported at $40 per share.

  Huang Shaokai couldn’t help asking: “Boss, are we going to buy Citibank now?”

  Now it seems that Citibank’s stock price can’t go down anymore. It’s appropriate to buy bottoms here.

  Zhang Dexi looked at Citibank’s stock price as if it was nailed above $40 per share, and said excitedly: “Nowadays, many investors seem to be buying Citibank, maybe we can try”

  Wang Guanxi thought for a while and said: “Don’t worry, wait another half an hour, and wait for it to fall below $40 per share.”

   Soon half an hour passed, and Citibank’s stock price rose by $2, rushing to $42 per share.

   Wu Zhankun: "BOSS, 42 US dollars per share, there are many financial institutions underneath."

  Wang Guanxi pondered for a while and said, "Wait again!"

  If the Citibank stock does not fall below $40 per share, he will not enter the market to go long.

  Fifteen minutes later, Citibank’s stock price rushed to $44 per share.

  Wang Juehao couldn’t help but said: “BOSS, the share price of Citibank has become so strong, there must be a lot of money hunting!

  Bai Weiqiang said: "Perhaps it is possible to close the short position!"

  The stock price of Citibank has soared. Naturally, someone bought it in the market, but if someone buys it, it may be a long buy or a short position, because a short position is equal to a buy in the market.

  For example, if you short Citibank’s 20 million shares, then when you close your position, you have to buy 20 million shares in the market.

  Wang Guanxi: "Both are possible, keep waiting!"

  Then Citibank’s stock price rose again by $1, rising to $45 per share.

  Waiting for so long, but not seeing Citibank’s stock price drop, this made Wang Guanxi a little irritable.

   "TM, who is doing long?"

  "Or was the financial institution shorting Citibank and then closing the position?"

  At this time a message came out.

  Soros Quantum Fund: While Citibank has the possibility of going bankrupt, it also has the possibility of getting out of trouble quickly.

  Wall Street Journal: Citibank’s stock was once shorted by Soros Quantum Fund

  Huang Shaokai couldn’t help but said: “Is the Soros Quantum Fund now making a big bargain, or are they going to flatten out the short list on Citibank?”

   Zhang Dexi also asked: "This Soros may be closing the position."

   Wu Zhankun: “No wonder Citibank’s stock price keeps rising, and it didn’t give us a chance to buy.”

  Wang Guanxi said: "Then wait for Soros to close the position!"

  At this time, another message came.

  Fairfield Greenwich (Faird Group) founder Feld Sheng Chen: Citibank will go bankrupt, and the stock price will fall sharply.

  Wang Guanxi was taken aback: "Isn't the Feld Group the victim of Bernard Madoff's $65 billion fraud?"

  Wang Juehao: "Yes, the Feld Group lost 7.5 billion U.S. dollars in the $65 billion fraud case."

  Bai Weiqiang: "Unexpectedly, the Feld Group will continue to be bearish on Citibank"

  Wang Guanxi said: "Look at the stocks and see what Soros and Feld play. If Citibank’s stock price drops below $40 per share, we will go long."

   "Yes, BOSS"

  ··

  At this moment, the United States.

  Soros Quantum Fund Headquarters.

  There are two big guys sitting at the two ends of the cafe.

   are Soros of Quantum Fund and Feld, founder of Feld Group.

  This time Soros and Feld jointly shorted Citibank,

  Today we closed all short positions and made billions of dollars.

  Soros said: "Feld, this Citibank stock, I don’t plan to go short, let’s divide the money."

   Feld nodded: "No problem."

   Then he said: “But I think Citibank’s stock price will continue to plummet in the future, so I plan to continue to short Citibank with a capital of 1.8 billion US dollars.”

   Soros pondered for a moment and said: "Then I will support you with 200 million US dollars."

  "OK" Feld drank the tea in one fell swoop.

   Then Roga Bowers, the vice president of Soros Quantum Fund, stepped up and poured tea for the two big men again.

   Feld said: "This time I was cheated by Bernard Madoff of 7.5 billion US dollars. I will not let him go."

Soros: "Are you going to kill him? He is a public figure, very famous. If you kill him now, you can't get the money. That will cause trouble. There is no need to kill him. Let him stay in jail until death." Right"

   Feld thought for a while, and said fiercely: "Bernard Madoff, this **** has lied to me for many years, and I will let him die slowly than he would live rather than die!"

   "Thank you this time, take me to short Citibank, let me make some money back!"

  The Feld Group was again defrauded by Bernard Madoff for US$7.5 billion. It was a terrible loss. Fortunately, it shorted Citibank with Soros and made a return of US$1.8 billion.

  He intends to use the 1.8 billion US dollars to continue to short Citibank, and Soros expressed his support for 200 million US dollars, which is best.

  Soros thought for a while and said, “This time Citibank’s stock price has fallen very low. It is a historical position. I hope you will be cautious.”

   Feld smiled and said, "Don't worry, you are still there."

   Soros smiled: "Then go short. Just ask the major shareholders of Citibank to borrow the stock. These guys have held shares for more than decades. They are also very happy to borrow stocks."

   Feld: "Okay, call to continue borrowing stocks"

  The next day, January 2, Friday.

  The U.S. stock market opened, Citibank once again encountered Soros and Feld’s joint short.

  The last time I went short at a high position, I used more than US$10 billion to short Citigroup and made nearly US$4 billion. This time I am short, the position is low and the risk is much greater, so their capital use is not large.

  Soros Quantum Fund is 200 million US dollars, and Feld Group is 1.8 billion US dollars.

  Citibank’s stock price has fallen from $45 per share.

  44.80

  44.50

  44.30

  ··

  Black shirt center, Wang Guanxi: "Is this Soros coming to short again, right?"

   Huang Shao said: "It must be Soros who is making the shot."

   Zhang Dexi: "Boss, are we going to block Soros and Feld Group?"

  Wang Guanxi nodded: "Of course I have to stop, but I have to wait for the opportunity."

   Wu Zhankun: "BOSS, the share price of Citibank does not know where it will fall. Are we going to block Soros tonight?"

  Wang Guanxi nodded: "Well, it’s tonight, not waiting for next week."

  Wang Juehao asked: "BOSS, shall we buy now, or should we wait for the 40.00 level to be dropped before we buy?"

  Bai Weiqiang: "This Soros and Feld are both very difficult to deal with. They are all financial tycoons on Wall Street."

  Wang Guanxi said lightly: "Na Feld was cheated by Bernard Madoff of 7.5 billion US dollars, which shows that the brain is sometimes not useful."

  "Start slowly to buy Citibank stocks now, they are shorting, we will buy them quietly!"

  "Yes, BOSS" Then everyone started buying shares of Citibank.

  100,000 shares!

  200,000 shares!

  250,000 shares!

  400,000 shares!

  350,000 shares!

  300,000 shares!

  ···

  Although the No. 2 Fund is buying, it is buying less, and Soros Quantum Fund and Feld Group are short selling!

  Citibank’s stock price has fallen all the way!

   fell all the way from $44 per share.

  43

  42

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  40

  ··

  38

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  36

  Wang Guanxi shouted: "Increase buying and drive up Citibank’s stock price."

  "Yes, B0SS" everyone suddenly increased their purchases.

  2 million shares!

  3 million shares!

  3.5 million shares!

  2.5 million shares!

  4 million shares!

  ··

  Citibank’s stock price began to rise continuously!

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  37

  38

  ··、

  Soros: "Feld, we were blocked"

   Feld: "It's okay, when the stock price rushes up, we will short again!"

  And Citibank’s stock price is still rising!

  40

  41

  42

  43

  44

  Finally stopped!

  Because of forcibly raising Citibank’s stock price, Wang Guanxi’s No. 2 fund of 1.8 billion US dollars has been exhausted!

  (End of this chapter)