Reborn as a tycoon in Hong Kong

"I want to buy 300 shares of Hutchison Whampoa's stock!" "I want to buy 600 shares of Hutchison Whampoa's stock, directly higher than the current price by HK$0.5!" "I want to buy 1,000 shares!".

On the exchange, a large number of investors were queuing up to buy Hutchison Whampoa shares.

At the same time, there are many people queuing up to buy Hutchison Whampoa's stocks in the medium-sized and large-sized rooms that allow people with more funds to trade, and the capital for each purchase is not less than HK$100,000.

The floors where the middle room and the large room are located also have dedicated traders responsible for trading matters. In the past, trading here was not busy. After all, there are not many people who can trade here, and they rarely happen to trade together.

But this time after learning the truth announced by Hutchison Whampoa, everyone here wanted to buy Hutchison Whampoa shares, so naturally they had to queue up.

7 Hong Kong dollars! 8 Hong Kong dollars! 9 Hong Kong dollars! 10 Hong Kong dollars!

In less than ten minutes, Hutchison Whampoa's stock price exceeded 10 Hong Kong dollars. Many people could not buy the stock at all, and the stock price rose immeasurably.

By this time, almost no one was selling stocks, there were very few selling orders, and there were a lot of people buying stocks. Therefore, despite the rising stock price, in fact, there were not many orders traded at all, so naturally there was no capacity.

It is precisely because the number of transactions is small and there are so many people buying that the stock price pushes up extremely quickly and rapidly. If this could be operated by a computer, the stock price might double in just one minute.

Retail investors are not stupid. After knowing that Hutchison Whampoa's investment made a huge profit of HK$500 million, they knew that the company's stock would definitely rise sharply, so none of them sold their stocks.

It wasn't until Hutchison Whampoa's stock price exceeded 12 Hong Kong dollars, and the total market value exceeded nearly 5 billion Hong Kong dollars, that selling orders began to increase, but this did not stop the pace of rising stock prices.

"It's going up! Keep going up!" "Go! Go ahead!"

The investors holding Hutchison Whampoa shares in their hands were so excited that they couldn't express their excitement as they watched the stock price keep rising.

"I'm sending it! This time I'm going to send it!"

Chen Baocai was so excited that he trembled all over. Although it was a pity that he sold the 40,000 Hong Kong dollar stock that he had covered up yesterday when the stock price soared this morning, he also successfully reduced the cost price of the stock with a market value of 80,000 Hong Kong dollar to 3 Hong Kong dollar. about.

Judging from the current trend of Hutchison Whampoa's stock price, it will only be a matter of time before it breaks through 15 Hong Kong dollars. In other words, his 80,000 Hong Kong dollars can at least quintuple into 400,000 Hong Kong dollars, an amount greater than his entire net worth. .

Some people are happy, but others are angry. Those who are short Hutchison Whampoa stock, looking at the rising stock price, feel not only anger but also despair.

Especially for those who shorted below HK$5, all funds using 5 times leverage would be liquidated. Even those who used 3 leverage would also face the fate of liquidation.

When short-sellers liquidate their positions, it actually makes the securities companies feel uncomfortable, because in the end, no matter what, the securities companies have to buy the stocks back from the stock market. It's fine if the person who sells securities by lending money has money. No matter what, he can just ask the other party to buy the corresponding number of stocks. How much he loses is the business of the person who sells securities by lending money and short selling, and has nothing to do with the securities firm.

However, if the short seller has insufficient assets and does not have much money after the liquidation, and the remaining money is not enough to buy a sufficient number of stocks and goes bankrupt, then the brokerage will be out of luck and must spend its own money to buy a sufficient number of stocks, and this part of the money The brokerage firm can only pay the debt itself first, and then go to the bankrupt person to collect the debt. It's okay if you can get the money, but if you can't get it, then this account will be a loss for the brokerage.

At twelve o'clock, the morning session ended. Hutchison Whampoa's share price closed at HK$14.25, with a total market value of HK$5.7 billion.

In the VIP room.

The employee in charge of the transaction reported to Feng Jinxi: "Mr. Feng, this morning we bought a total of 4.2 million shares in the range of Hutchison Whampoa's stock price from 3 Hong Kong dollars to 6 Hong Kong dollars. The cost price was 4.8 Hong Kong dollars, and the total cost was a little more than 20 million Hong Kong dollars. Later. The stock price rose sharply, and few stocks were bought between HKD 6 and HKD 10. Later, sell orders slowly began to appear, but the number of shares purchased was not much, only 600,000 shares, and the cost price was HKD 13.2. It took a lot of money Nearly 8 million Hong Kong dollars.”

"In other words, I spent 28 million Hong Kong dollars in the morning, but only bought 4.8 million shares."

Feng Jinxi's face was very ugly. Not to mention the 220 million Hong Kong dollar option short order, they later borrowed 40 million Hong Kong dollars in securities at the price of 3 Hong Kong dollars to smash the market. This is more than 13 million shares of stock, and now they have spent more than half of it. However, the funds only bought about one-third of the number of stocks.

And the most important thing is that Hutchison Whampoa's stock price will continue to rise, and the cost of buying stocks will only get higher and higher. I don't know how much it will cost just to buy more than 13 million shares, let alone the 220 million Hong Kong dollars. options are short.

Nu Bijian said seriously: "We have suffered a big loss this time!"

"Damn it!"

Bob shook his fist fiercely. If he didn't have something in his hand, he would have to smash something. Among all the people, he suffered the biggest loss because he originally held 5% of Hutchison Whampoa shares, but sold them at a low price, and now he still faces huge losses from short selling.

Li Jiacheng's face didn't look good either. Although his loss was the smallest among the four, it seemed that it must be a huge sum, so big that it made him feel heartbroken.

"Mr. Niu Bijian, I would like to trouble you to contact the Japanese Iwasaki Mineryu again. It is best to negotiate a price with him to close the short order. This is the big deal."

Feng Jinxi told Niu Bijian that if they could not agree with Iwasaki Mineryu on the price of closing the short order, then they would have to buy a corresponding number of stocks in the stock market and hand them over to Iwasaki Mineryu on the delivery day. The short order of HK$220 million, with an exercise price of HK$6, requires the purchase of more than 36.6 million shares, which is more than HK$500 million based on today's stock price.

What's more, Iwasaki Mineryu is definitely not stupid. It is impossible to deliver at the current price. The price they need to pay will only be higher.

Fortunately, this is an equal split between four people, otherwise what they are thinking about now is not how to close the short order, but how to run away or decide whether to jump off the building.

"I will go to him again, but I don't think he will accept an exercise price lower than HK$20."

Niu Bijian nodded. In fact, he was in the best situation among the four, because it was Jardine's funds that were lost, not his own. Although he would definitely not be able to be the chairman of Jardine and he would even face prosecution from Jardine, the monetary losses would not be much.

With their energy, they naturally found out over the weekend that the opponent of their short order was Mineryu Iwasaki, a member of the Iwasaki family, the family that controls Mitsubishi Bank in Japan. They also approached Mineryu Iwasaki to discuss delivery matters, but were rejected by Mineryu Iwasaki. Rejected without even giving a specific price.