Rebirth of the Financial Crisis Sweeping the World

Eighty-three shorts Penguin Group and waits for the wool of Fortis Group

At this moment, Wang Guanxi is collecting information on listed companies.

Previously, the stock of Penguin Group earned 53.6 million Hong Kong dollars, and the current funds have accumulated to 96.6 million Hong Kong dollars.

But now his capital is getting bigger and bigger, and investing in a stock will have a great impact. It needs listed companies with a super high market value and a large trading volume.

At this time, three pieces of information suddenly appeared, and Wang Guanxi's eyes lit up.

[346 funds lost nearly 647.5 billion yuan in the first quarter]

[Huaxia Shenhua was sold 155.6 million H shares by institutional shareholders]

[Fortis Group (Fortis) suffered a huge loss of 4 billion US dollars in the US stock market before, and lost another 3 billion euros in the beating, the stock price once again hit a record low, and announced to reduce its holdings of Asian assets]

Fortis Group is an international financial services group active in the world of insurance, banking and investment. It is one of the largest financial institutions in Europe. The stock price plummeted to a record low because of the bankruptcy of a joint venture fund with Bear Stearns Bank. This time, there is another huge loss of 3 billion euros in the beating of shares. I plan to reduce Asian assets, most of which should be Hong Kong assets.

[Ping An Fund Dips Fortis Group’s Loss Expands From 700 Million Euros To 1 Billion Euros]

Ping An Fund was simply killed by Fortis Group.

On April 4th, Fortis Group reported a loss of US$4 billion in US stocks, and the stock price plummeted to a record low once. At that time, Ping An Fund lost 700 million euros due to bottom-hunting. In January, it was revealed that Fortis Group lost another 3 billion euros in beating shares, the stock price hit a new record low again, and Ping An Fund lost 1 billion euros.

It's just loop after loop.

The Bear Stearns Bank swindled the Fortis Group, and the Fortis Group affected the Ping An Fund. Maybe the Ping An Fund also affected the mainland fund companies.

The Fortis Group intends to reduce its holdings of Asian assets and should sell many shares of listed companies.

Wang Guanxi felt that the opportunity to make quick money had come.

It seems that the shares of the Penguin Group have also been sold off, because many fund companies are now short of cash and like to cash in the shares of the Penguin Group.

Because Penguin Group has a large market value and a large transaction volume, it is convenient to cash out.

Fortis seems to have sold billions worth of Penguin shares just recently.

"If I shorted the stock of Penguin Group in advance, and then Fortis Group sold billions of dollars, wouldn't I just hitch a ride?"

Thinking of this, Wang Guanxi was overjoyed.

The Fortis Group sells the shares of Penguin Group, then he can lick its wool.

Today, the stock of Penguin Group has been shaking in the range of 68.00 to 74.00. Wang Guanxi intends to short the stock of Penguin Group in the short term.

Just do it.

Wang Guanxi took a taxi to Yongheng Securities Company.

To short the stocks of Penguin Group, you can't go short, you still need to borrow from a brokerage.

Although Penguin Group's stock has opened option trading, Wang Guanxi does not want to use option trading.

In the manager's office, Wang Guanxi drank a cup of tea and said, "Mr. Feng, I plan to short the stocks of Penguin Group. You can help me borrow some stocks of Penguin Group."

"Mr. Wang, how much do you want?" Feng Shaokun was very curious.

Wang Guanxi made a profit of more than 50 million by longing the stocks of Penguin Group before. He just came to short the stocks of Penguin Group just two days after closing his position?

This, this, this change is too fast, right?

Moreover, the share price of Penguin Group is very strong. Many institutions are buying it. It is really unwise for Wang Guanxi to be short!

Especially for mainland giants like Penguin Group, the stock price will definitely rise so high in the future.

Wang Guanxi put down the teacup and said, "I plan to short the Penguin Group in the short term, not the long-term short."

"Oh,

Well, I'll make a few calls." Feng Shaokun called quickly.

Brokerages are very fond of lending stocks to those short sellers, because they can charge high interest, and the longer the short-selling time, the higher the interest.

If the stock price rises, it can not only increase in value, but also charge interest all the time, most of which are won.

Many brokerages heard that someone was planning to short the stocks of Penguin Group, and they all said that they would lend stocks to Wang Guanxi to be short. Even Wu Zhanhai of Wing Lung Securities Co. took the initiative to lend the stocks of Penguin Group to Wang Guanxi, and claimed to give Wang Guanxi the best interest. , but Wing Lung Securities does not have many shares of Penguin Group, which is not enough for Wang Guanxi.

Then Feng Shaokun called Catalan Auto Insurance, but the other party didn't think about it and agreed directly.

Still not enough stock that Wang Guanxi needs.

Continue to call the Asian Financial Corporation, and the other party agreed, but it was not enough.

After all, these companies only hold a small number of Penguin shares.

So Feng Shaokun directly contacted Ping An Fund. Ping An Fund held a lot of Penguin Group stocks and was satisfied at one time.

Sure enough, the big company is different.

Finally got the stock Wang Guanxi needed.

Wing Lung Securities Company, Cathay Auto Insurance, Asian Financial Holding Company, and Ping An Fund, a total of four companies, lent a total of 1.34 million shares to Wang Guanxi, currently worth 96.6 million Hong Kong dollars.

"Mr. Feng, thank you very much," Wang Guanxi smiled.

"You're welcome, it should be, their four companies are all rushing to charge you interest." Feng Shaokun said with a smile: "Be careful, don't let them combine wool."

"Don't worry, it's fine." Wang Guanxi was confident.

That giant financial company like Fortis Group will sell billions of Hong Kong dollars of Penguin Group stock, what is he afraid of?

He sold the shares of Penguin Group in front of Fortis Group in advance, and then bought it back at a low price and returned it to Wing Lung Securities Company and Ping An Fund.

The next day, the stock market opened.

Wang Guanxi saw that the share price of Penguin Group rose sharply, from 70.00 yuan per share to 74.00 yuan per share. Wang Guanxi directly sold the stock without saying a word, that is, he went short.

100,000 shares!

100,000 shares!

200,000 shares!

300,000 shares!

300,000 shares!

 

The share price of Penguin Group was directly smashed by Wang Guanxi, and it quickly fell from 74.00 to 70.00!

Soon the share price of Penguin Group was pulled up again and rushed to the 73.00 position.

Wang Guanxi's average position for opening positions is at 72.00, with a temporary loss of HK$1.34 million.

He did not expect so many buying orders in the market!

He sold the shares of Penguin Group worth nearly 100 million Hong Kong dollars, but it was quickly eaten up by other institutions.

It seems that the shares of Penguin Group are far more sought after by investors than he imagined!

"Should Fortis Group sell the shares of Penguin Group?"

Wang Guanxi waited anxiously, waiting for the wool of Fortis Group. As a result, the share price of Penguin Group, TM's, rose by another yuan, and rushed to the 74.00 position. Wang Guanxi lost 2.68 million Hong Kong dollars.

This Nima's!

Tap the screen to use advanced tools Tip: You can use left and right keyboard keys to browse between chapters.

You'll Also Like