Reborn as a tycoon in Hong Kong

"Brother Bao, it has fallen, and it has fallen again!" "Brother Bao, the price is almost 3 Hong Kong dollars!" "Brother Bao, do you think we can hold on this time?" "Should we sell it or hold it?".

Hutchison Whampoa's stock price continued to fall, and everyone holding stocks on the trading floor was extremely nervous, anxious, and talking a lot.

"I decided to cover my position again, betting that it could rebound and reduce the cost."

Chen Baocai said in a deep voice to the people around him that yesterday he bought stocks with a market value of HK$80,000 at a cost of HK$5.23. The stock price opened at a low price in the morning. He couldn't run away at that time. Later, it fell too much and he simply stopped. I left and decided to get some.

When the stock price fell to almost HK$3, Chen Baocai gritted his teeth and bought the remaining HK$40,000 in advance at the price of HK$3.03. Later, the stock price did rebound. When it rebounded to above HK$4, he would cover the position with the remaining HK$40,000. The stocks with market value in Hong Kong dollars were sold, bringing the cost price to HK$4.35.

Today, Chen Baocai still holds stocks with a cost of HK$80,000 and a cost price of HK$4.35. Now this part has lost nearly 30%, which is more than HK$20,000.

Because there is still 40,000 Hong Kong dollars left, Chen Baocai wants to rebound again, hoping that the stock price will rebound to above 4 Hong Kong dollars, and then sell it to lower the cost again. Chen Baocai believes that even if Hutchison Whampoa falls sharply due to bad news, it will not fall too far. It is just an emotional mistake now. As long as it takes a while, it will slowly recover later.

"I'm going to keep messing around with Brother Bao!" "Yes, let's try again and it will rebound!" "I'm already full, so why don't I cut it first?"

Because of the chance of a rebound, a few people chose to continue to believe in Chen Baocai, while others did not follow up because their positions were full or they did not want to buy anymore.

Chen Baocai and others went to place an order. They chose to pay the order in advance. The stock price is now HK$3.08, and they placed an order to buy at HK$3.03. This kind of order placed in advance cannot be executed now, but as long as the stock price drops to 3.03, the order they placed will naturally be executed.

"Look, the price has dropped to 3 Hong Kong dollars!" "It was a big order!" "But 3 Hong Kong dollars held up, and it didn't fall below immediately!"

Not long after, the investors who were paying attention to Hutchison Whampoa's stock price screamed out in surprise. However, when the stock price fell to HK$3.05, it suddenly became HK$3. Apparently there was a big order that hit the market and ate up the prices in the middle. All buy orders.

However, the price of HK$3 has not been broken down, indicating that there are many buying orders lurking at this price and there is strong support.

Of course there will be strong support. Lin Baicheng and Shen Chow discussed it on the phone. Each of them paid 10 million Hong Kong dollars to place a large buy order at the price of 3 Hong Kong dollars to support the stock price at this price. The reason why more buy orders are not placed is because it costs real money to set up buy orders in advance. Once the buy orders are placed there, those funds cannot be used, so there is no point in setting too many buy orders.

The big order that suddenly appeared was that Bob and his colleagues were smashing the market. They directly chose to sell 10 million Hong Kong dollars at the price of 3 Hong Kong dollars. Unexpectedly, they did not break through this price.

Seeing this, Bob and others naturally asked the traders to sell another 10 million Hong Kong dollars at a price of 3 Hong Kong dollars. This time, the stock price remained unchanged at 3 Hong Kong dollars.

At this time, Bob and the others didn't know that there was a buy order ambushing them at this price in advance. The problem was that they were already in a difficult position. Faced with this situation, they had to choose to break through the price of 3 Hong Kong dollars, so that they would be better off on the futures side. Only then can the settlement be completed.

Therefore, Bob and the others placed a sell order of HK$10 million again, and this time they finally broke through the price of HK$3.

They decided to sell the remaining 10 million Hong Kong dollars of stocks from securities lending when the stock price encountered resistance, suppressing the stock price.

The stock price at the price of HK$3 was actually supported by about HK$20 million, which made Feng Jinxi a little worried. He proposed to settle the short order now and set the settlement price at the exercise price of HK$3, weakening the bulls' expectations of a rebound. , let the longs choose settlement.

Hutchison Whampoa's stock price is still falling after falling below the price of HK$3. Therefore, when a short settlement order at a price of HK$3 appeared in the options market, part of the funds that had previously been accepted by the opponent's long order immediately chose to settle. Although they lost 50% of their capital in this way, they were worried that they would fall even more, so they chose to cut their losses.

Iwasaki Mineryu, who was always paying attention to market changes, naturally discovered the falling stock price and the settled short orders. He immediately called Lin Baicheng.

"Lin Jun, now the stock price has fallen below 3 Hong Kong dollars, and short orders are being settled. This means that those short sellers need to retreat."

"I remember that they opened a short order of HKD 6 in the options market, of which more than HKD 100 million was taken over by others. Now, you can still earn tens of millions of HKD from settling this part of the funds."

Lin Baicheng calculated that if Li Jiacheng and others settled this part of the funds, they could only earn less than 100 million Hong Kong dollars. The bulk of the more than 200 million short orders were in the hands of Iwasaki Mineryu and his cooperation. They would definitely not It is settled now, so the short seller is destined to lose a lot.

"Ignore them, they settle their claims, we will continue to buy while the stock price is falling, and the cost will be less."

In fact, Lin Baicheng wants to do everything possible, that is, to raise the stock price to 5 Hong Kong dollars or even 6 Hong Kong dollars, but he does not have much capital to make the decision. He is cooperating with Iwasaki Mineryu. If Iwasaki Mineryu is allowed to raise the stock price, That would definitely harm some of Iwasaki Mineryu's interests. He and Iwasaki Mineryuu would have many opportunities to cooperate in the future, and he didn't want this incident to affect the cooperative relationship between the two.

Therefore, with more than 200 million Hong Kong dollars in long orders, the short side will inevitably suffer heavy losses, so Lin Baicheng decided to forget it and let them lose less. He and others bought the stocks at a lower price. Make more money.

"Okay, then let's continue to pursue the victory."

Iwasaki Mineryu responded, and after hanging up the phone, he asked the traders to continue buying stocks, and at the same time, he took over all the short orders opened in the market and the counterparty orders of the short orders in the options market.

If Lin Baicheng doesn't raise the stock price, HSBC will certainly not do the same. HSBC does not trade in the options market. The stock price is lower and HSBC can buy at a lower price. This is a good thing for HSBC. How can it be ruined?

The result of this is that the stock price continues to fall. There are funds that can't bear to cut off the stock and leave, but there are also bold funds that buy at the bottom, and most of them are people like Lin Baicheng who are slowly buying in.

Without Lin Baicheng to increase the stock price, the settlement of short orders by Li Jiacheng and others in the options market was very smooth. After seeing the stock price falling continuously, more and more funds chose to close the orders at the exercise price of HK$3 and complete the settlement.

Seeing the short orders being closed continuously and the funds in their accounts getting more and more, Li Jiacheng, Feng Jinxi, Niu Bijian and Bob were very happy. They made 50% of the profits from this short sale, and everyone made a profit. to tens of millions of Hong Kong dollars.