reborn my golden age

Wei Yang didn't know, and Shen Xiu didn't know. They didn't care.

Zhang Yuan was foggy. He was still awakened by Luo Yu in the dream town. After listening to it for a while, he was even more Yunshan Fog.

She and Wang Yong still know? What is this?

But Luo Yu didn't say much to him: "It's been a minute right away, I hung up first, let's talk about the monkey after watching it."

Zhang Yuan hung up the phone and laughed: "Am I nervous?"

When the eleventh came, there were more oriental holes in London. Zhang Yuan could hear Mandarin from time to time when walking on the street.

"Let's go to the Thames of London first today, let's go to the Thames."

"I have to go to Buckingham Palace!"

A group of people drifted by Zhang Yuan, from time to time, some people smiled at Zhang Yuan -seeing compatriots in foreign countries had a natural intimacy.

Zhang Yuan's tickets have been booked, that is, returning to China on October 3rd.

His purpose has been achieved, and staying in Europe is meaningless.

But before leaving, he really went to see a Premier League. The so -called "all come"!

The hill tsunami at the Bailu Lane Stadium made him feel a different scene. This is really an excellent experience.

Of course, many Chinese fans came to make fun, and Zhang Yuan heard several girls saying: "Why didn't you see Beckham?"

Zhang Yuan smiled, it is really cute and love pseudo fans.

When a girl saw Zhang Yuan laughed, it seemed to feel that she was seen through, so she gave Zhang Yuan a big white eye, which made Zhang Yuan want to laugh even more.

After watching the game, Zhang Yuan returned to the hotel and slept again. On the third morning, he returned to Shanghai Sea.

"It's really good to travel in the wrong peak!" Zhang Yuan looked at the unscrusable airport and felt the happiness of capitalists.

After Jiankang, it was at night. Zhang Yuan cooked a quick -frozen dumplings to prepare for dinner. Luo Yu's phone call came again.

"Hey, when to come back? Help me bring something, I look at a pack, it should be cheaper abroad ..."

"I cook dumplings at home, are you coming to eat?"

"It's that brand, it's not expensive, I know you have money ... Where are you? Where are you?"

"I am in the palace of Long Ting, the water in the pot is murmured, and I am preparing to get the dumplings. Let's try it?"

Luo Yu was surprised: "You ... are you back?"

"Look at what you said, I'm not going out to play. Then, don't you come back quickly after finishing the matter?"

"Then I won't go! Save you with a meal of dumplings and send me out!"

Hanging the phone, Luo Yu felt very magical, and Zhang Yuan returned?

It seems that there is no week, and it will take the time to fly -this efficiency is really not low.

She was too lazy to think about what Zhang Yuan had done, and she didn't have any thoughts.

However, her nightlife is much richer than Zhang Yuan. It is not her consistent style at home.

When you come to your own shop, this "white stone" has now turned into Qingba. There are some fashionable men and women in and out of it.

An Xin has already been on the terrace on the second floor to appreciate her light music.

"Zhang Yuan is back!"

Before Luo Yuren came up, his voice arrived first.

"It seems to do business ..."

After Zhang Yuanmei fell asleep, he felt that life returned to the right track. Now he is watching the dynamics of the European financial market every day. Porsche's setting table can be settled during this time.

In Europe, Porsche is secretly acquiring Volkswagen's stock -the market has rumored that Porsche's acquisition encountered obstacles, but it did not.

Now the balance of shorting Volkswagen shares' shorting began to soar sharply. At its peak, the total short orders that shorted Volkswagen accounted for 13% of the circulating market. This has never been seen in the German dax30 index stocks. It seems that many people have never seen it.

Want to touch the fish from muddy water in this century's big transaction.

This is not surprising. In the second half of 2008, the spread of the economic crisis became even worse. The investment banks of Lehman Brothers on Wall Street filed for bankruptcy. Now there is such a good opportunity that no one will be willing to let it go.

The major hedge funds are short, but Porsche's senior executives are secretly meeting. Everyone is trying to control the smile on their faces.

"We have already bought a lot of stocks secretly now, and now we can almost complete the mergers and acquisitions of the public. But the more difficult it is, the more stocks that can be bought on the market now.

When you are crazy, we can't get more stocks. ""

"Another thing is that our liability ratio is a bit high. Now we are raising tens of billions of euros to acquire Volkswagen stocks. The interest of these money daily is a problem."

"The good news is that no one knows our movements ... Now, it's time to make a choice, is it taking the opportunity to take the opportunity, or continue to acquire?"

Frankfurt trading has a special trading rule, and this trading rule allows the Porsche rules to avoid the request that must be announced.

What is this rule?

It is about the option transaction of high leverage.

The Frankfurt Exchange stipulates that if people who purchase stock options pay the payment period in accordance with the full price of the stock, that is to say, if the financing leverage is not used, you can decide when you will announce your own option position. Special explanation, the Securities Trading Law "

Regarding the provisions of holding more than 30%of the shares must be announced for the current stock trading, and the rules of the exchange's options trading are for derivatives. The two are not contradictory.

Hedge funds ignore this rule, but it is normal.

As we all know, options are a high -leveraged transaction with small and large -leverage, and hedge funds have always been out of the game with others' money. Of course, they have more information and more funds raised.

Cutting leeks is also afraid of insufficient funds in the process of making money, so it is definitely willing to use leverage in options transactions -many people are also willing to use leverage. The prerequisite is that they have a full grasp of the transactions they are going to. This is in A shares.

It has been staged many times in history, and often the leverage is often suspected, which delays the rhythm of making money.

If you pay the right to pay for the full price of the stock, you might as well buy the stock directly, and use the purchase option and pay the full amount, isn't it stupid X?

Well, there is indeed no hedging fund silly X, so this rule of the Frankfurt Exchange has never been used, and naturally it will not be noticed ...

Porsche used this rule to pay the options of full funds, and quietly shifted to the stock position that had been in the sun in the sun in the sun, but the hedge funds knew nothing about it.

The Volkswagen Company shares held by Porsche only 42.6%.

Actually?

Porsche has long purchased a large number of Volkswagen's subscription options, and all of them are purchased in full funds, thereby controlling the additional 31.5%of Volkswagen Circular shares.

42.6%+31.5%= 74.1%

Only 0.9%of Porsche can successfully perform a good scene of small fish eating big fish.

But this 0.9%made Porsche very sad, and the market could not get the stock.

If someone is short, there will be many people. Now Volkswagen’s stocks have risen steadily. Everyone who is short and many is trying to touch the ceiling.

Who would dislike to eat more?

Zhang Yuan also held 1.3%of the shares in his hands. No one knows except Dresden Investment Bank, or only Mueller and a small group of people know.

As long as Zhang Yuanke released a part of the Porsche, the history will be rewritten.

But the Dresden Investment Bank itself is short. How can he persuade Zhang Yuan to resold the stock to Porsche? Even a first -hand stock is not good!

This idea has not sounded from time to time in Zhang Yuan's mind, but he feels that he does not feel that he has sold the stock to Porsche.

Then, then

The point is that Zhang Yuan does not want to forcibly change the direction of history. This is related to the future changes in the situation. The butterfly effect can be available, but it is not too big.

When time entered October, many people in the financial market began to feel sixth, and the final ending may be coming.

Many people have begun to dream about the huge benefits after being short. Therefore, Volkswagen's stock price began to fall at this time, from the previous 300 euros to more than 200 ...

But what is the real situation in the market? Many people are buying short and short, and the total number of vacancies in the public is far more than actual stocks.

Zhang Yuan is now unveiling the dice cup at the end. He has food in his hand without panic.

Therefore, when in the company every day, everyone can see a sunny smile on the boss's face. This smile is full of confidence and appeal, making the entire company's operation smoother.

During this period, Wang Yong called and complained. Last time he took Lin Jingya to watch the monkey, and he spent thousands of thousands.

Zhang Yuan finally remembered Luo Yu. The girl seemed to mention Wang Yong.

"Can you know Luo Yu?"

Wang Yong thought about it for a long time, and then said, "I seem to know it ... It is said that we are the girlfriend of our richest man. Last time I watched the monkey with us, and I didn't know how Shen Xiu knew her."

"Didn't you find her to get a silver? How good is the grievance!"

Wang Yong's tone is obviously unconfident: "People just come to see the lively, is it too much to find her for money ..."

"I will take her next time, you see me looking for her!"

"I remembered, she kept thinking that you had to invite her meals."

"You have to ask her to find a few people next time, she has a big mouth, don't you all have to eat this meal?"

"Isn't that? The listener has a share! This is not what we say, it's Luo Yu said."

Zhang Yuan is speechless, this girl is really polite.

"Okay! I ask for dinner next month, even if I don't come, let's give up automatically!"

But Luo Yu did not wait until next month, and she approved Zhang Yuan in advance on the weekend.

"Come to my shop to drink! New to whiskey!"

"How many years?"

"This year! New wine, you want to drink that kind of ten years, hum, no!"

Zhang Yuan passed Bai Shi. On the second floor, he saw An Xin and shook the ice cubes in his hand.

"Hey, it's a coincidence!"

Luo Yu said while pouring Zhang Yuan's wine: "Coincidentally? Tell you! We went to see the monkeys when we were eleven. You said it was unfortunate?

Everyone in the Department of Physics of Jiangda Physics knows! Didn't you break the relationship with there? "

Zhang Yuan sat down, picked up the bottle and looked at it for 16 years.

An Xin held a cup to Zhang Yuan for a while: "Please! It's not bad."

Zhang Yuan took a cup and nodded: "Also!"

Luo Yu sighed sincerely: "I just serve you like X."

Zhang Yuan still does not know that the financial market in Europe has now been turning around. Porsche has announced its position. Now all hedge funds have drawn stocks around.