1928: The rise of giant merchants

"The stock price at the opening of the market today is much lower than yesterday, and the Dow Jones Index has dropped compared to yesterday!" Benjamin looked at her with a complicated expression and said every word.

Regardless of whether the Fed's meeting is about monetary tightening, a chain reaction has already occurred, and subsequent stock price declines are predictable.

It can be said that Huixin's short-selling journey has been half successful, and the other half depends on when she plans to stop.

Huixin breathed a sigh of relief in her heart. If the stock price rose by 5% when the market opened, she would immediately liquidate her position.

"Well, report the status of those stocks to me in real time." Huixin continued to remain cold and pretended to read the newspaper nonchalantly.

"Yes, our trading department will update you on the latest situation at any time, madam." Benjamin earned a lot of commissions from this short sale, and he also hoped that Huixin could make a profit and continue trading with him.

In the New York Stock Exchange, countless speculators frantically sold various stocks they held. Throughout the morning, the trading volume exceeded yesterday's total, which shows their fear of last night's Federal Reserve meeting.

The seventeen stocks carefully selected by Ye Luo all plummeted.

Especially U.S. Steel, which had a relatively high profile before.

After learning that Huixin had no intention of completely shorting the company, she didn't take her size into account at all. But as of noon today, the stock price of U.S. Steel had plummeted from the US$85.6 per share that Huixin bought yesterday. The shares were at $81.4.

In just half a day, the stock price plummeted by $4.2, which is currently the top stock.

It's hard to imagine what the situation would be like for other stocks.

"$4.2 per share, 100,000 shares, that's $420,000 per day. Did you earn $420,000 in just half a day?" Huixin and Shi Jianqiao looked at each other, and saw the difficulty in their eyes. Confidence.

They knew they could make a lot of money by shorting stocks and adding ten times leverage, but they didn't expect to make such a profit!

And that's just U.S. Steel.

In Huixin's hands, there are still sixteen other stocks whose stock prices continue to fall.

Moreover, U.S. stocks and Chinese stocks are different.

U.S. stocks do not need to pay stamp duties, transfer fees and other various taxes and fees, only the most basic brokerage commission.

And the minimum trading unit is one share, not one hundred shares.

And there is no concept of price limit for U.S. stocks, only a minimum price limit of 0.

Generally speaking, U.S. stocks can also do T+0 trading, that is, stocks bought on the same day can be sold on the same day. Even the New York Stock Exchange now accepts pre-market and after-market trading (that is, trading outside the normal trading hours).

In other words, no one knows how U.S. Steel and other stocks will fall today.

There is no lower limit, which means Huixin can always wait and see and sell when the price is most suitable.

Of course, she had to pay attention to the situation where a 5% increase would lead to a liquidation. However, before coming here, the second young master told her that she did not need to worry about liquidation and could just wait for the stock to fall.

That's right, Ye Luo has no intention of selling any stocks today.

Huixin came to the New York Stock Exchange purely for tea and snacks. Others thought that she would always pay attention to prices and then choose the right time to buy and close positions. In fact, she had no such plan at all.

During lunch, she took Shi Jianqiao and others to have a casual meal at a star-rated hotel near the New York Stock Exchange. Because they used the "activity funds" given by Ye Luo, Shi Jianqiao, Huo Ting'en and others did not give them at all. The second young master means to be frugal and order whatever is expensive or delicious.

Seeing everyone eating excitedly and communicating without any resentment, Huixin was both envious and jealous.

I'm afraid only the second young master can gather such a group of people, right?

I heard that in China, those aristocratic families are not very kind to their followers and concubines, and have no intention of treating them as a family.

After lunch, Xu Wenqiang was the first to lose his patience.

These days, he has followed the second young master in stock trading, and the thousands of dollars in his hands have instantly doubled into tens of thousands. Yesterday, he also followed Huixin in a round of short selling, but his size is extremely small, and he is the brokerage resource that he finally found. This was all thanks to Situ Feifei's assistance.

If it weren't for the golden sign of Hongmen, Xu Wenqiang's tens of thousands of dollars would have no place to use.

At noon, all these stocks had plummeted. It was the first time he had made so much money. Xu Wenqiang was stunned. He really didn't dare to take any more risks, so he and Situ Feifei secretly went to the New York Stock Exchange, planning to close their positions and make a profit.

Seeing them sneaking away, Shi Jianqiao couldn't help but ask: "When did A Qiang and Situ Feifei get together? Tsk, I think there's something fishy about the two of them flirting back and forth."

I have to say that Shi Jianqiao's intuition as a woman is still very accurate.

She can't figure out her own relationship problems, but she can see other people's problems accurately.

Huo Ting'en chuckled: "Isn't that great? Miss Situ Feifei is Mr. Situ Meitang's favorite daughter, and she will most likely take over the flag of the American Hongmen in the future. And I heard that she is also a top student who graduated from a prestigious school, Aqiang Never suffer a loss."

"Why did Miss Feifei fall in love with Aqiang?" Hengsan scratched his head. He was also an old bachelor. Although he was a bit older than Situ Feifei, he considered himself to be masculine and charming, and he also had the military aura that women in the Republic of China loved most. , how come Xu Wenqiang was the first to get there.

"Aqiang is a top student at Peking University, but you stupid young man wants to kill a toad and eat swan meat." Huo Ting'en joked.

After a while of fighting, seeing that everyone had almost eaten, Huixin stood up to pay the bill, resumed her role as Mrs. Dewitbucket, and returned to the New York Stock Exchange surrounded by several people.

At this time, countless people were sweating profusely on the New York Stock Exchange. Traders were so crazy that they didn't even bother to eat. They helped speculators quickly sell stocks and filled out forms until their hands cramped.

A few people came to the VIP room leisurely and happened to meet Benjamin after a simple meal. After greeting them, he devoted himself to work.

Huixin was not the only client of his, but his other clients were not so lucky.

U.S. Steel, which plummeted by more than 4 yuan, didn't know how many major customers held shares. Huixin earned 420,000, which was all other people's hard-earned costs.

In a blink of an eye, it was 3 p.m.

Huixin was teetering on the sofa. She was so sleepy that she was about to fall asleep when she was suddenly pushed gently by Shi Jianqiao.

She looked up blankly and met Benjamin's complicated eyes.

"Madam, are you willing to buy back the stocks now? The price of the seventeen stocks you borrowed before has fallen to an average of 8.2 US dollars. According to our trading department's estimation, this should be close to reaching the maximum profit." Benjamin considered his words. I am very worried that Hui Xin is so obsessed with profit at this time that she is unwilling to retreat.

This drop is already very alarming. Maybe there will be a rebound before the market closes. If there is a slight increase of 5%, she will be liquidated directly.

Closing when the market is good is the only way for shorts to last long.

"Oh? How much is the approximate profit?" Hui Xin asked casually.

"About 7.4 million U.S. dollars." Benjamin wiped his sweat. (End of chapter)