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Chapter 606 Revealed
"Madman." For a time, market participants only had this comment on Lei Hao's actions.
But then, everyone became completely excited. With such an arrogant approach and such an operating method that was on the verge of violating regulations, the SEC must have turned its attention. So... what will the bulls do?
A few days ago, the bulls of ATE were sweeping the army. Now that the bears have appeared, will there be a head-to-head confrontation?
People on Wall Street began to get excited, but this amount of money only attracted the attention of some people who were interested in ATE.
"Here we go, we have determined that ATE is betting against Lei. Those contracts involve about one to two hundred million dollars. How much money do they have now?" Bernard and others kept a close eye on the direction of the stock market.
Ant Energy Group, Anderson and several senior executives were dumbfounded at this time. After coming back to their senses, their hearts twitched.
"The worst thing happened."
Everyone looked at each other with unspeakable panic in their hearts.
"The price of the contract is set at 35 and 39 yuan, which is too much of a loss for us."
“The question is, what price will the other party accept?”
"How much money do we have to get involved?"
"Otherwise? Everyone uses their own money?"
At the last word, Anderson and the ATE executives stopped their discussion.
What an international joke. With the current situation of the group, how could this group of people use their own money to hedge against short positions? If not for the appearance of Lei Hao, they themselves would have wanted to sell their stocks, even if they violated the rules.
However, now Lei Hao has given out what seems to be a life-saving straw and forced them to enter the market to hedge. This is very embarrassing.
"Where are the market makers? Why don't the market makers take action?" Some ATE directors shouted angrily.
"Because they also think the price is too high, and because they think the risk of ATE itself has increased a lot."
"..."
There was another period of silence, and now the outside world is waiting and watching, waiting for the bulls to appear, but the bulls are the ones who know that there is a problem with ATE.
"Actually, outsiders don't know that we are the ones doing the long side. We can disperse the group's funds in the partnership account, enter the market to do the long side, and... we can announce the good news, Morris, let's guide public opinion and get more participation. Wouldn’t the person just come in?”
"Yes!" Anderson and others' eyes lit up: "But let's try the other party's short selling price first. If it is higher, it will not be difficult for our contract to change hands."
They have no idea that their operations have been discovered by several institutions. Without knowing this prerequisite, all their actions are overdoing and making mistakes.
But who could have imagined that the variables that everyone considers are already certain quantities in Lei Hao's eyes.
The people in Forest didn't know, and neither did people like Bernard. They only knew that it was certain that Lei Hao would lead the bulls, but how much power the other party had was uncertain.
"Lei, there is still no order." Leo had a worried look in his eyes, and several project participants in the trading department felt that their hands were shaking.
"It will be there soon." Lei Hao had known for a long time that the other party would appear. Although he could not determine all the detailed operation processes, he was still very sure of the general direction.
Sure enough, at 10 o'clock, when ATE's stock price was pushed down to 38.75, there were buying orders for several thousand shares at the price of 38.7.
"Press it down."
Immediately, Forest's funds swept away these buying orders and announced that they would accept this price for short selling. However, the other party seemed to be engaged in guerrilla warfare and slowly retreated to the position of 38 yuan.
Compared with today's opening price, the price of 38 yuan represents a 3.8% drop. For those at ATE, it can still generate value for the contract betting against LEI.
"about there."
"If Ray firmly believes in his own analysis, this price is the most suitable matchup point."
"ATE thought I could make a fortune from the contract, but I didn't expect...it was a tomb!"
"They're tied up, and not just in terms of funding."
Lei Hao naturally knows what Bernard and others understand. At the price of 38 yuan, he can do whatever he wants.
If the opponent wants to change hands on those betting contracts, he must resolve the short position at the price of 38 yuan. If not, who is willing to take over? Even if I take over, the price is hard to say.
Therefore, Lei Hao doesn't have to worry about ATE's funds failing to compete with him. At this price, the opponent has no way to retreat.
Other participants in the market don't need to worry. Institutions have been waiting to see the rise of ATE. Now that short sellers have appeared, they are happy to take another look.
Other investors who hold scattered contracts are also frightened by the collision of large funds. If the situation is unclear, they will reduce the frequency and intention of entering the market.
Within a short period of time, the battlefield was completely handed over to LEI and ATE. Everyone saw red bayonets to see who could bleed first.
When Leo placed the order at 38 yuan and remained motionless, everyone was nervously waiting for ATE's reaction.
How could Anderson react? He just had the feeling of a beeping dog.
The other party's short selling price of 38 yuan is just stuck in the throats of the bulls such as Anderson. Let's fight. The price is too high. If we don't fight, ATE's profit withdrawal from the betting contract with Lei Hao will become a luxury. Moreover, they still have It is necessary to allocate a large part of the already stretched funds to be held back by these contracts.
"Light a cigarette for me! Damn it, I can't smoke it!" In the Forest trading department, Leo had a cigarette in his mouth, but his hands were flat on the keyboard, and he yelled at his assistant.
Now is a very tense time. Whether the other party accepts this price is the decisive factor in whether Lei Hao's analysis is correct or not.
"Relax, Leo, if they dare to break through the price of 38 yuan, we should be happy." Lei Hao made a joke.
The atmosphere in the trading department also became slightly relaxed. After a burst of flattering laughter, everyone suddenly felt more confident and had a better impression of Lei Hao.
At this moment, financial practitioners are lucky to have a boss who is confident enough to joke with the director of the trading department at any time.
"Lei, you are not responsible for the operation. Of course you don't know how much pressure I am under. I strongly demand a salary increase." Leo complained, but it was just a way to adjust his emotions.
Because Lei Hao makes money quickly, the incomes of people like Leo are also rising steadily, ranking first on Wall Street and even in the world.
It was a joke, and everyone's nervousness was relieved a lot, but the anticipation was not reduced at all.
"There's no way to avoid it, so let's go up to it. We don't need to be afraid of anything." Inside Ant Energy Group, someone provoked them at the gate, and the aggressive side of Anderson's group was clearly revealed.
Lei Hao's list of 38 yuan was wiped out instantly.
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