Indulge in Life in America

"Boss, I have to say this is a crazy idea."

At this moment, Yang Cheng is sitting on the balcony with his legs on the wrought iron railing, squinting his eyes slightly, and enjoying the autumn sunshine lazily and relaxedly. The phone is turned on and hands-free and placed on the glass coffee table beside it, there is a word of Ritz Khan's excited voice.

Yang Cheng held a bag of mountain pills in his hand, and laughed while eating, "Ryze, I am also forced to be helpless. As long as I have $100 billion in cash in my hand, I will not take the risk."

"Netboss, Fidelity Fund and Berry Ford Capital will be crazy." Ryze said jokingly.

The two fund management companies mentioned by Ritz are Tesla's second and third largest shareholders. If Yang Cheng is short on Tesla, they will definitely be regarded as thorny by these two, after all, they are stealing money from other people's pockets.

However, Yang Cheng only wants to make some pocket money. He only plans to use 100 million US dollars plus double leverage to make a withdrawal and he will not be greedy. Presumably these two predators who manage hundreds of billions of assets, also They won't be as knowledgeable as Yang Cheng for the benefit of hundreds of millions of dollars. Moreover, they should make a little profit when the stock price rebounds in the future.

"Aren't we holding a batch of broiler chickens in our hands? Don't bear it, use it if you should use it, give up if you give it up, and make up for it after you earn money." Yang Cheng smiled like a spring breeze and said to the phone.

"Boss, I can only guarantee that I will do my best to cover up our tracks, but you also know the boss, how big the risk is to go short." Ryze put away the joke and reminded in a serious tone.

Of course Yang Cheng understands the danger of shorting. Even if Ritz doesn't remind him, he himself will be careful about a million points, because shorting is a "loss without bottom line".

Everyone invests in the stock market or futures to make money. From the point of view of making money, how much do you think you can buy stocks for 30 yuan? No one knows!

When Warren Buffett bought Berkshire in 1963, it was only $8 per share, but now it is over $160,000 per share. It can be said that the upside is unlimited; but the corresponding downside is limited.

As a company shareholder, since the day when the limited liability company and the company limited by shares appeared, you only need to bear limited liability for the assets you invested. Even if the bankruptcy liquidation is so high, it will be delisted at most. That is to say, the biggest risk of going long is Lose all "book value".

The risk of shorting is infinitely magnified. Since the stock has unlimited upside and limited downside, and the last link of shorting is to cover at the current price of the transaction, then the profit space is limited and the loss space is unlimited.

Maybe some people think that as long as I'm sure that the company is not good, I will keep holding short positions. They have the optimistic idea that sooner or later I will "keep the cloud and see the moonlight"-when will it fall? Cover.

There is no problem with this idea in theory, but in practice you need to guarantee two premises: 1. Someone is always willing to lend you stocks; 2. You have an unlimited amount of margin.

Anyone with a little financial knowledge knows that the prerequisite for short selling is that someone is willing to lend stocks. Of course, this is not a free loan. You need to pay interest. The level of interest depends on the'shareholders who are willing to lend' and'want to borrow. The short side's supply and demand relationship is bargaining.

For example, a few years ago, when the stock price of Youku, a video site in Country Z, exceeded $60, the annualized interest rate for short-borrowing shares reached 60%!

And when the shareholders lend you the stock, the initiative to cover the position cannot be said to be completely in your hands, because things are still owned by others, and they can also be sold. If you short the stock borrowed by the counterparty to sell the stock, The broker will call you and ask to close the position.

It can be said that in an inactive market, if you cannot switch the borrowing counterparty in time, then you must buy immediately. At the end, I believe everyone will understand that sometimes the cost of short borrowing is not low, and it is possible Because the opponent's choice was forced to close the position.

Perhaps people can often hear "short-squeeze, short-squeeze" and other seemingly "tall" words in financial magazines or financial news. In this case, the proportion of short positions in the market is relatively high, but due to the soaring stock price, Longs want to sell stocks, so that no one lends stocks to shorts, and the shorts force their positions, which in turn pushes the stock price up further.

Specific to the Tesla stock, Tesla has a total share capital of approximately 120 million. Excluding the more than 400,000 shares held internally, the institutional holdings will account for a quarter of the more than 700,000 shares in circulation. Third, there are more than 50,000 shares, and only more than 20,000 shares can be circulated in the open market.

For institutional investors, the shares they hold are not easy to move, which means that the space available for 4D space operation is more than 20,000 shares. If everything is like Yang Orange’s memory, it will continue within a few months. On the downside, all problems are not a problem. As I said before, just wait, but once there is a situation that the outstanding shares cannot reach the short position, 4D Space will not be able to buy stocks to cover the position, so'short-selling' will occur.

"Well, it’s fine as much as possible, but it’s hard not to leave a trace of the flow of such a large amount of funds of 100 million US dollars. I will call my grandfather. The money will be charged to the account of East West Bank several times. Don’t do it with you. Afraid of trouble, one more account can be divided into one." Yang Cheng groaned for a moment and exhorted.

"No problem, you are the boss, oh yes, forget to say congratulations, how does the British sweetheart taste? Boss?" Ryze agreed with a firm tone.

What the hell? Such a sentence without thinking.

"What are you talking about?"

"Um~boss, don't you know? The gossip entertainment websites are all going crazy. Your relationship with Miss Emma Watson has been exposed, and you went to Stamford Bridge to watch the game." Ryze was stunned and hesitated. Explained.

Yang Orange cursed in a low voice, "Fuck, I haven't even kissed her on the mouth, where is the romance?"

"Then ~ should Toutiao come forward to help the boss clarify?" Listening to Yang Cheng's seriousness, Ryze did not dare to continue joking, and instead suggested.

Yang Cheng put down his legs, UU reads www.uukanshu. com rubbed his scalp, and said uncomfortably, "Forget it, let them go, I may decide when I will implement this news."

"Okay, boss, I support you mentally." Ryze has long been surprised at the boss's preference for female sex.

"Don't talk nonsense, hurry up and make money for me. I heard that you are going to buy a house? This is done. The bonus is indispensable for you. Whether you live in the Upper East Side or Brooklyn depends on your wave this time." Yang Cheng He snorted with an angry smile, and said agitatedly.

"Just wait for my good news, boss, yes, and my check." Ryze's joke also confirmed his confidence from the side.

Yang Cheng shrugged and agreed boldly, "The check is waiting for you to pick it up at any time."

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