Spend Money to Play the World

Which is the best time management company for spending money to play around the world? 607. Having shorted USD 20.4 billion, Luo Xu paused and said:

"By the way, what needs to be mentioned is that the annual interest rate of Sequoia Company and brokerages varies. Sequoia didn't lend us too much money this time, so the annual interest rate is only about 20%.

Because the brokerages on the US stock market are on-site channels, the average annual interest rate is lower, but there are also many, about 12%.

However, according to your instructions, Mr. Chen, we have only set a total of three months.

Therefore, the final interest rates of Sequoia and securities lending are 5% and 3%, respectively.

After three months, the amount we need to repay, the Sequoia side is $282.5 million.

On the brokerage side, it depends on how many bonds can be borrowed in total. At present, the interest should not be less than 300 million US dollars. "

At first glance, the interest of five or six billion US dollars is really not low.

However, because Chen Fang and others were leveraging more than 30 billion US dollars of funds, this interest was insignificant.

Of course, the time should not be too long, otherwise, after a long time, after a few years, you will find that the interest is actually larger than the principal.

Chen Fang nodded slightly and motioned for Luo Xu to continue.

Luo Xu said: "After nearly two months of layout, we directed the 'Needle Company' to see the needle and borrowed a total of about 101 million shares. After the increase in the margin payment, it is equivalent to 21 billion US dollars.

All the 101 million borrowed shares have been sold by us. The highest price is $210.2 and the lowest price is $198.4.

The average price per share was $202, and it sold for a total of $20.4 billion. "

The $21 billion in deposits paid and the $20.4 billion borrowed for short selling have nothing to do with profit or loss.

Of course, in fact, it can also be seen that the 'Needle Company' only paid a deposit of 10.5 billion US dollars to the brokerage, and because only 50% of the securities lending deposit was required, it borrowed 21 billion US dollars of stocks.

The deposit is only to ensure that the 'Needle Company' will not run away and that it has enough capital to sell securities. As long as the 'Needle Company' finally returns the 101 million shares it borrowed to the broker within the agreed time, the broker will also return the deposit.

As for the non-refund of the deposit, it is the broker who broke the rules of the game, the entire stock market has to collapse, and it is completely impossible to play.

This kind of situation is basically impossible. After all, the brokerage has a huge stock, and there are countless stocks in their hands. The assets reach hundreds of billions of dollars, or even trillions of dollars, and they will not default because of this money.

Under normal circumstances, no brokerage would do such a stupid thing.

try{mad1('gad2');} catch(ex){} Of course, it is not ruled out that some brainstorming brokerages will lose their wits and make troubles. Once this happens, go directly to the court to sue the brokerage and ask the brokerage to repay and pay Just a loss fee.

Now that the ecology of the stock market is getting more and more perfect, it is harder to really break the rules of the game than to tie New York.

Chen Fang touched his chin and thought secretly.

Based on Friday's closing price of $203.50, Needleheads was selling at $202 a share, up $1.50 a share.

However, this increase is not large, not even 1%.

This time, the short-selling of Mok Pharmaceuticals by securities lending is 3 times leverage, and the forced liquidation line is above 23%, so it is not false at all.

Chen Fang asked, "How much money do you have available now?"

Luo Xu replied: "At present, the enlarged capital of stock speculation through Sequoia Company is 6.45 billion US dollars, but the maximum operational capital in the two financing is still 12.9 billion US dollars.

It's just that the brokerages on the US stock market feel that the current short-selling scale is large enough, and will no longer open the short-selling business of Mok Pharmaceuticals.

Therefore, these money can not be used, and can only be kept as a spare. "

Chen Fang nodded.

There are many restrictions on short-selling, and it depends on whether the brokerage gives the opportunity or not. If the opportunity is not given and the securities are not borrowed, then even if there is more funds, there is no way to short the securities.

On the contrary, there are not so many restrictions on being long.

In addition, it is worth mentioning that when shorting this piece, brokerages that do not open self-operated trading generally do not lose money, but simply earn interest money, because the short-selling counterparty is long, and once the short is profitable, the profit is long. money.

Luo Xu said with a smile: "But Mr. Chen, the short-selling shares we have grabbed this time are quite a lot.

Before, I thought it would be enough to grab $18 billion, but I didn't expect it to exceed $20 billion now.

According to the current market, the total short-selling share of Mok Pharmaceuticals is about 7.6%, exceeding $38 billion.

And we made 20.4 billion US dollars, about 4% of the total market value, and the short market share reached more than 52%. "

Having said that, Luo Xu thought of something, and said helplessly: "However, because of the large amount, many news media have been eyeing the 'Needle Company' report in the past two days.

For the convenience of operation, didn't I hold the positions of CEO in nl company and 'needle company' respectively, they even dug me out. "

Chen Fang chuckled: "I've also been following the news of Mok Pharmaceuticals for the past two days. I have also seen the reports you mentioned about the 'Needle Company'."

try{mad1('gad2');} catch(ex){} Because the 'Needle Company' short-selling on Mok Pharmaceuticals this time is too large, it has resulted in a short-selling transaction of 20.4 billion US dollars, plus Before the Domoco Pharmaceutical Company cut $9.4 billion, which made it difficult for the 'needle company' not to be noticed.

At present, the "Needle Company" has been rated as the most ruthless short-selling agency on Wall Street in the first quarter of 2022 by many media in the United States.

As the CEO of nl company and 'needle head company', Luo Xu is still famous even if he is only a temporary person and not the first shareholder.

Luo Xu sighed: "Now we are being reported by many media. Although we are famous, the words of those media are not very friendly. Most of them are demeaning and not optimistic. It should be led by multiple leaders, even Mok. Pharmaceutical companies have also stepped in.

Moreover, Mr. Chen, after such a large short-selling scale is exposed, it is very likely that retail investors and other investment institutions who are optimistic about Mok Pharmaceutical Company will counterattack.

Once the U.S. stock market opens tomorrow, they forcibly pull up the share price of Mok Pharmaceuticals, which is not good news for us. "

Chen Fang smiled calmly: "Don't worry, they have no tomorrow. If there is no accident, they should see the outcome tonight."

Luo Xu's eyes lit up: "Mr. Chen, do you mean... the opportunity is coming?"

Chen Fang nodded: "Yes, and, even if other institutions and retail investors force the price of Mok Pharmaceuticals to increase tomorrow, but the plate of Mok Pharmaceuticals is so big, how much can they raise it?

Our forced liquidation line is above 23%. Is it possible that they can directly pull up to break through this line? "

Luo Xu smiled: "I'm afraid it will be difficult. According to our observation, it is difficult for the stock price to temporarily increase significantly until Mok Pharmaceuticals has no new big moves. It is not easy to trade a 23% increase. It would cost at least tens of billions of dollars, but it is impossible for anyone to do that.”

...

the other side.

New York, USA, at 2:00 a.m. on February 27.

The headquarters building of a short-lived organization called the Coyote Research Corporation is still brightly lit.

In a conference room with more than thirty people gathered, the light dispelled the darkness, and the room was as bright as day.

Eric, the CEO of the Coyote Company, is sitting in the main seat of the conference room.

At this time, his eyes were burning, and after scanning the crowd in the room, he asked the assistant next to him, "Is everyone here?"

...