Reborn as a tycoon in Hong Kong
Chapter 326 Hutchison’s long-short battle (8)
Although Hutchison Whampoa announced that it would buy when the stock price is below 30 Hong Kong dollars, in fact, Hutchison Whampoa's traders were instructed to only buy when the stock price was below 25 Hong Kong dollars, and no longer buy when the stock price was above 25 Hong Kong dollars.
The reason for doing this is mainly because I don’t want to consume too much money, and I am worried that the short side still has the power. If the short side waits for Hutchison Whampoa’s repurchase funds and suddenly attacks after buying a large number of stocks below 30 Hong Kong dollars, then Hutchison Whampoa will not Funding to buy is troublesome.
Because Hutchison Whampoa only bought when the stock price was below HK$25, the upward trend of the stock price slowed down, and even fell below the price of HK$25 on several occasions, but was lifted up by Hutchison Whampoa's repurchase funds.
The short side has been silent and is considered by the market to have few chips, so some funds have begun to enter the market to participate in long positions.
At 4 p.m., the stock market closed, with Hutchison Whampoa closing at HK$26.4. Yesterday, Hutchison Whampoa's closing price was HK$25.6, and today's closing price was HK$26.4. Despite being shorted, it actually rose by 3.125% today.
The stock price was above HK$25, leaving it to the market to adjust itself. In the twenty minutes or so before the close, Hutchison Whampoa's stock price did not break through the price of HK$30, and even broke through the price of HK$29 only once.
The reason why Hutchison Whampoa's stock price did not break through to 30 Hong Kong dollars is because the repurchase price announced by Hutchison Whampoa is below 30 Hong Kong dollars. In addition, funds are also worried about whether short sellers will make a comeback tomorrow, so the stock price is trading at a few points in late trading. It fell sharply from around 28 Hong Kong dollars every minute, and more funds chose to hold the currency.
Judging from the current stock price, Lin Baicheng's long position has already made money, but there is no way to sell it for the time being, otherwise the more than 90 million shares will definitely suppress the stock price again, which is equivalent to helping the short side.
Hutchison Whampoa's stock price returned to above HK$25. After the stock market closed, Henry Kaiser and others did not leave the exchange, but discussed it in the exchange.
"Everyone, what should we do now? Hutchison Whampoa's repurchase funds are more than one billion Hong Kong dollars, but we only have 4 million shares in hand, and HSBC only has about 10 million shares that can be lent to us. Less than 15 million, It has no impact at all on Hutchison Whampoa’s repurchase, and it will be taken over in minutes.”
"Who would have thought that Asia's sugar king Guo Henian would buy a large amount of stocks when Hutchison Whampoa was in trouble, and he bought so much, otherwise we would still have enough energy to fight Hutchison Whampoa."
The British-owned family has been asking people to find out who the Bank of East Asia's long-selling funds were. More than half an hour later, they found out that it was Guo Henian, the Asian sugar king. They had no dealings with Guo Henian and they couldn't put pressure on him.
"This is an unexpected surprise. We should now think about how to suppress Hutchison Whampoa's stock price. If we surrender now and buy the stock, the stock price will only be raised to above 30 Hong Kong dollars, or even to 40 Hong Kong dollars. All of the above are possible. After all, we have a lot of short-selling stocks. At that time, not only will we not be able to achieve the goal of suppressing Hutchison Whampoa, we will even suffer a lot of losses."
"But now even if we want to go short, we can't borrow stocks, so what else can we do?"
"Since you can't beat the stock market, let's use off-market moves. As long as there are too many negative news about Hutchison Whampoa, investors who still hold stocks will definitely not be able to hold on, and then they will become our short sellers. of help.”
"An off-market move? Something like asking the IRS to come to Hutchison Whampoa to audit the accounts?"
"The IRS is not run by us. So far, nothing has been found. It's impossible for the IRS to make false accounts and frame it up, right?"
"Stop saying such stupid things. Even if we dare to do this, the IRS will not agree to help us frame up things. The off-market trick I am talking about refers to similar methods. Hutchison Whampoa's business is not No matter what, there is always something we can do better."
"It's a good idea, but it needs to be fast and the time cannot be too long. Otherwise, the effect will be much worse after the stock price is raised above 30 Hong Kong dollars."
"It's a pity that the Hong Kong government can't help. Otherwise, if the Hong Kong government is right in front of us and asks various departments of the Hong Kong government to go to Hutchison Whampoa and let the news media report it, Hutchison Whampoa's stock price can easily be Suppress it."
"Those officials of the Hong Kong government handed over nearly 100 million Hong Kong dollars to Lin Baicheng to take care of. Although they are currently losing a lot of money, in order to ensure the safety of the funds, they dared to anger Lin Baicheng and lose all the laundered funds they had finally saved. . None of them went to help Lin Baicheng, and thanks to the recent fall in gold prices, the fund investment suffered a lot of losses."
"I heard that our beloved Governor of Hong Kong also invested US$5 million, which is a relatively large investment. I really hope that the price of gold will continue to fall, causing the Yum Fund to explode and the Governor of Hong Kong to lose all their investment."
"If this is the case, our Hong Kong Governor and other officials may even want to kill Lin Baicheng."
"Stop gloating over misfortune, think about where to target Hutchison Whampoa."
"I think"
Henry Caesar, Michael Kadoorie, George Swire, John Madden and others discussed how to target the Hutchison Whampoa Company. They would not surrender easily. After all, the difference between the interests of the winner and the loser was too great. too much.
As long as there is still a chance, short-selling British-owned families such as Henry Caesar will choose to continue to give it a try.
While the British family on the short side was discussing how to target Hutchison Whampoa, Lin Baicheng of Hutchison Whampoa was thinking about how to get more funds to enter the market and make more investors hold the stocks instead of selling. In short, they are just thinking about how to increase the stock price.
Although Hutchison Whampoa only spent about HK$155 million on repurchases, repurchasing 7.2 million shares, and about HK$445 million of funds remained unspent, it does not matter whether all of Hutchison Whampoa's repurchase funds can be used up. The important thing is to raise Hutchison Whampoa's stock price and squeeze the short side to make the short side surrender.
Once the short side surrenders and admits defeat, they can only follow up and buy the stock. At that time, the stock price will inevitably rise above the 37 Hong Kong dollars before the negative news broke out. Lin Baicheng's pallet of funds can be used to make a big profit, and the funds can be used elsewhere. , rather than being restricted from selling stocks.
"Since Hutchison Whampoa itself has no benefits, I will create benefits."
Thinking that the short side should not have many chips to go short, Lin Baicheng suddenly had an idea and decided to create a favorable situation and let OTC funds enter the market to go long.
Since he wanted to create benefits, of course he had to create bigger benefits, so Lin Baicheng picked up the phone and called a few people. With their cooperation, Lin Baicheng believes that tomorrow's huge benefit will definitely make the stock price rise sharply, making the short side want to vomit blood.
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