My Age of Investment

New York.

United Club.

Xia Jingxing walked into a dimly lit room under the guidance of the waiter.

As soon as you enter the house, the first thing you see is a dining table covered with white tablecloth. There is also a candlestick on the table. Under the light of the candles, Blankfein and Mack, who are sitting on both sides of the table, have expressions on their faces. They all look a bit creepy.

Xia Jingxing was stunned for a moment, then asked with a smile: "What kind of operation is this? Treat me to a candlelight dinner?"

Blankfein said with a smile on his face: "Yes, what do you think of this atmosphere?"

"It's a bit like performing some kind of sacred ritual."

Xia Jing walked to the table, pulled out a chair and sat down, then turned around and looked around, but found no cross hanging anywhere.

Hearing the teasing tone in Xia Jingxing's tone, they both laughed.

Mai Jinheng said with a smile: "Daerun, there is something in your words."

Xia Jingxing pretended to be confused and asked, "What do you mean?"

Mack glanced at Blankfein, who smiled and said nothing. After cursing the old fox in his mind, he slowly said, "Dylan, you should have also noticed the rebound in Facebook's stock price today, right?"

Xia Jingxing nodded lightly, "I saw it. I don't know which god took action and directly lifted the shaky stock price. You two have great powers, do you know who did it?"

Mai Jinheng smiled, knowing that Xia Jingxing was deliberately following him in circles, so he simply stopped beating around the bush and pointed it out directly: "The stock price of Facebook has been in the doldrums for a while. Now, under the stimulation of various good news, it has Start to regain lost ground.

Some robbers and thieves who took advantage of the situation were unable to retreat and were surrounded by the bullish army.

Darren, what do you think about this? "

Xia Jingxing glanced at Mai Jinheng, then at Blankfein, and found that both of them were looking at him expectantly, and smiled brightly, "What can I say? It's normal for the stock price to fluctuate. Short selling is a normal behavior of the market, let the market decide everything."

Seeing that Xia Jingxing was a bit dishonest, Blankfein also spoke up, "Darren, the short squeeze market has taken shape. As an important part of Wall Street, does Vision Capital intend to miss such a good investment opportunity?"

Xia Jingxing sneered in his heart, the fox's tail must have finally been exposed.

An hour ago, when he received a call from Blankfein and Mack inviting him to dinner, he had already vaguely guessed their true purpose.

In recent times, Goldman Sachs, Morgan Stanley and their allies and subordinates have vigorously promoted Facebook's growth potential and deceived global investors into bargain hunting.

However, there are always only a few people who are fooled, and most institutions choose to wait and see.

At the same time, the short sellers became more convinced that they had seen through the conspiracy of Goldman Sachs and Morgan Stanley. Not only did they not close their positions, but they also increased their short positions.

Until today, the Wall Street scammers headed by Goldman Sachs and Morgan Stanley have finally begun to fill in the trap. The bulls' power suddenly exerted force and overwhelmed the shorts' power in one fell swoop. The shorts were frightened and all the shorts gave up and exited. The shorts competed to buy and close their positions, which gave another boost. Facebook shares rose further.

But not all the short sellers ran away. Xia Jingxing found that there were still some short sellers who were persisting. These were the "robbers and thieves" who were surrounded by what Mai Jinchen said.

On the surface, the two invited themselves to beat short sellers, which was a profitable thing, but the prerequisite was that Goldman Sachs and Morgan Stanley did not sell their stocks later.

Otherwise, if he enters the market and buys the bottom now, he will end up at the top of the mountain.

Xia Jingxing smiled faintly, "I convened a shareholder meeting some time ago, and the representatives of your two companies swore to me that you must resolutely sell Facebook's shares.

Of course, you are free to buy and sell stocks, and I have no right to interfere.

But asking me to come in and cover your retreat is a bit unkind, right? "

Although Xia Jingxing's words were very explicit, there was no trace of embarrassment on Blankfein's and Mack's faces, as if they had expected Xia Jingxing's reaction.

"Dylan, you misunderstood."

Mack explained: “Some time ago, we did plan to sell some shares after the stock ban was lifted.

But now, we have changed our minds. "

Speaking of this, Mack glanced at Blankfein, laughed and said, "We didn't expect to catch a big fish! And Darren, you know this big fish."

Xia Jingxing looked at the two of them with a puzzled expression. He was a little confused.

Blankfein took over the conversation and said: "We have found out that it is the Li family in Hong Kong who is heavily shorting Facebook, and the short position they hold has reached 3 billion US dollars.

Facebook's stock price rose sharply today, and the Li family urgently added another US$1 billion in margin, and then increased its short position by US$2 billion.

In other words, they now hold a short position of $5 billion. "

Speaking of this, Blankfein's original serious face could no longer be tense, and said with a smile: "This is a total of 5 billion U.S. dollars! It is so naive, and it is completely betting that we will be on December 1st. Then sell off Facebook stock.”

Mack also smiled and said: "For the sake of US$5 billion, we changed our mind and decided to sell Facebook shares a few months later.

If the short position of up to 5 billion US dollars is exploded in one fell swoop, Facebook's stock price will definitely rise to the sky. "

Xia Jingxing silently digested the shocking information the two brought him.

He asked who was making trouble? It turned out to be Mr. Li Er, who was always against him.

He didn't know why Li Yikai came to Wall Street to take a trip into the muddy waters, but the waters on Wall Street were really muddy.

He guessed that Li Yikai would not be stupid enough to find Goldman Sachs and Morgan Stanley as his brokers, but unfortunately, the short-selling plan formulated by Li Laoer was still like a naked girl, naked in front of a group of gangsters. .

Even how much margin was replenished today and how many short positions were added were clearly known by others, and they still started a hammer fight.

Li Yikai will definitely be slaughtered as a big fat pig this time.

Even when he was on Wall Street, he was very cautious. At the same time, he also made many friends and enriched the LP composition of Vision Capital, thus avoiding being swallowed up by a pack of wolves.

Li Yikai was lucky. As soon as he entered Wall Street, he set his sights on Goldman Sachs and Morgan Stanley. What can he say? All I can say is that this should be repaid!

"Darren, I heard that in 2008, you had a lot of trouble with the Li family in Hong Kong. I guess they may have come to take revenge on you this time."

Mai Jinheng looked at Xia Jingxing with a smile. He was sure that Xia Jingxing would change his mind after receiving the shocking news they brought.

Who can refuse to beat up a drowned dog?

Xia Jingxing said expressionlessly: "Don't underestimate the financial resources of the Li family. The year before last, I used all my strength and barely managed to tear off a piece of flesh from the Li family."

Mak laughed loudly, "We have never underestimated the financial strength of the Li family in Hong Kong. Li Huangtai has been the richest man in China for many years, and he is also an invisible rich man who holds a lot of cash.

Therefore, we plan to seek your help. With your participation, all arrangements will be truly foolproof. "

Xia Jingxing silently evaluated Mai Jinchen's proposal in his heart. If there was an opportunity to trick Li Yikai and Li Huangtai, he would definitely not miss it.

But is there any risk? And can you make a fortune from it?

He originally planned to wait for Goldman Sachs and Morgan Stanley to sell off their stocks after they eliminated their short positions, and then enter the market to hunt for the bottom.

In order to buy this bargain, he also established a Pearl Walsh Trust Fund for his daughter.

But the plan could not keep up with the changes. Judging from the information told by the two, Goldman Sachs and Morgan Stanley may really have to wait until they hunt down the Li family before selling off Facebook shares.

Do you want to join this hunting game?

Just as Xia Jingxing was weighing things up, several waiters suddenly knocked on the door, brought several plates of steak, and opened a bottle of red wine.

After Blankfein dismissed several waiters, he picked up the red wine himself and poured a glass for Xia Jingxing first, and then for himself and Mai Jinheng.

"Dylan, let's have a drink together!" Blankfein raised his glass and said.

Seeing this, Xia Jingxing also picked up the cup and touched it with Blankfein and Mai Jinchen respectively, then raised his neck and took a sip.

After drinking, Xia Jingxing also made a decision in his mind and said, "What are you going to do?"

Blankfein laughed heartily and said: "Dylan, I knew you wouldn't miss such a good show.

How to do it? We can do this..."

Having said this, Blankfein paused, picked up the knife and fork on the table, and began to cut the steak. As he cut it, he said: "Treat it like a plate of steak, cut it bit by bit, and then slowly serve it." Put it in your mouth and savor the deliciousness of the steak."

Seeing Blankfein fork a piece of bloodshot steak and put it into his mouth to chew slowly, and then showed an intoxicated expression on his face, Xia Jingxing smiled and said, "Okay, I will listen to you, a great gourmet, in everything." .”

Mak Jinheng, who was next to him, glanced at Blankfein with some displeasure. Damn it, he got it again this time.

…………

…………

The time soon came to December 1st.

This day is the 180th day of Facebook’s listing, and it is also the day when Facebook’s second batch of stocks is lifted.

The long-awaited large-scale cash-out of shareholders has not happened on Facebook. Facebook's stock price has continued to rise unabated after breaking through the $40 mark and continues to move towards a high of $50.

Encouraged by this, some hedge funds specializing in short-term operations could no longer hold back and joined the bullish army one after another in an attempt to fish in troubled waters.

However, some people are worried that it is a smoke bomb deliberately released by Goldman Sachs and Morgan Stanley, and choose to continue to wait and see.

Since the financial crisis of 2008, Goldman Sachs has completely lost its reputation, even cheating its own clients, so everyone has to guard against it.

What happened in the next few days caused great psychological shakeup for a group of wait-and-seeers - Facebook's stock price officially broke through the US$50 mark, one step closer to reaching the US$200 billion market value target.

On the short side, heavy casualties were suffered, especially those who did not believe in evil and still came to speculate after December 1st. They saw that the expected large-scale cash-out did not happen, and Facebook’s stock price also broke through the $50 mark, and they were completely unable to carry it. After a while, they all gave up and left.

These short position closing and buying orders, together with several buying orders from major funds, together constitute the driving force for Facebook's stock price to continue to rise.

It was only at this moment that everyone truly realized the horror of Facebook. This large-cap stock with a strong background is not so easy to short, even if there are still one billion shares of stocks that have just been lifted above its head, as long as someone is willing to support it, The stock price will not fall.

Seeing this scene, the wait-and-see group stopped watching and joined the large team taking advantage of the situation.

It's not that they are very optimistic about Facebook, but they are very optimistic about a few major funds. With these big bosses here, they can follow behind and fish in troubled waters with confidence.

Some retail investors with a keen sense of smell have also taken advantage of every opportunity to enter the market. Whether they can have a decent Christmas this year depends on this.

At this point in the story, everyone has understood that there is a big boss who wants to hunt down the short-sellers.

When all these shorts fall, a large number of buy orders will be released, and Facebook's stock price may rise to the sky.

After a large group of new players joined in, the stock price, which had just exceeded 50 US dollars, had no time to take a breath and was immediately pushed up to 55 US dollars, getting closer and closer to the 60 US dollars mark.

…………

…………

Just as the bulls were celebrating, Li Yikai, the big bear, was hiding alone in the hotel and shivering.

Looking at the stock price on the computer that was approaching the $60 mark, Li Yikai felt a biting chill.

All his $2 billion in guarantee money has been invested!

If he hadn't begged his father to transfer another US$2 billion to his margin account a few days ago, he would have been liquidated by now.

Before and after, he invested a total of US$4 billion in deposits.

The short position did not dare to increase and remained unchanged at US$5 billion.

In other words, his current investment leverage has been reduced from 3 times to 1.25 times, which can theoretically withstand a stock price increase of up to 80%.

He established short positions in two batches. The opening prices were US$30 and US$40 respectively, and the average opening price was US$35.

US$35 multiplied by 80% of the stock price increase is equal to US$63. If the stock price exceeds this number, the position will be liquidated without a margin call.

Half an hour ago, brokers UBS and Bank of America Merrill Lynch had given him an ultimatum. If no new margin was added to his account, his position would be forced to close if Facebook's stock price exceeded $60.

It sounds a bit unkind, but in fact several investment banks have given Li Yikai preferential treatment for Li Huangtai's sake.

After the stock price breaks through $60 and then breaks through $63, it may only take a blink of an eye. By then, the broker will buy enough stocks to close the position, and the cost will be far more than the $4 billion in margin.

It is impossible for brokers to pay for the extra closing costs themselves and can only claim compensation from investors.

However, claims must go through a process, and various complex factors such as investor bankruptcy must also be considered. Therefore, brokers generally have strict risk control and set a forced liquidation line.

Fortunately, Li Yikai has a good father, otherwise UBS and Bank of America Merrill Lynch might have liquidated Facebook's stock price when it broke through 55 US dollars.

But the preferential treatment given by several brokers did not make Li Yikai feel any relaxed.

He no longer dares to ask his father for help at this moment. The 4 billion US dollars in his hands were almost wiped out in less than half a month.

In terms of the speed of losing money, he may have set a new record for the children of Hong Kong's wealthy families.

Just when Li Yikai was confused and didn't know where to go, the doorbell of the room was suddenly rang.

"Dingdong~Dingdong~"

The doorbell rang for a full two minutes before Li Yikai stood up with dull eyes, then swayed to the door like a stiff walking zombie and opened the door.

"Pa~"

As soon as the door was opened, a loud slap hit Li Yikai's face.