Reborn Xiangjiang as a Tycoon

Chapter 60 Wharf (6)

At twelve o'clock, the stock market closed, and investors walked out of the exchange one by one.

The most eye-catching stock in the morning was undoubtedly Wharf. Although its closing price in early trading was only HK$13.68, which was only a little more than the opening price in the morning, it was still up nearly 4 Hong Kong dollars compared with yesterday's closing price.

Point, the increase alone is not low.

However, who made Wharf's highest price in early trading rise to HK$19.91? Compared with this price, the closing price of HK$13.68 in the morning was far behind.

The huge fluctuations in price and price caused people who had not bought this stock to discuss it. They all talked about how much money they could make if they bought the stock at the opening of the market and then sold it at a high price. It was as if they were all stock gods.

generally.

Chen Baocai walked out of the exchange in a daze. Listening to the discussions around him, he couldn't help but grinned sarcastically. He had held Wharf stocks before today and covered his position at a price of more than 14 Hong Kong dollars shortly after the market opened in the morning. After that, the stock price exceeded 15 Hong Kong dollars.

He added another position and made almost 40% at the highest price.

Chen Baocai also wanted to sell when the price was high. At that time, he was ready to sell before the stock price reached the highest price. Unfortunately, he went too late. In just a few dozen seconds, the stock price fell sharply.

He didn't even have time to sell it.

Later, when the stock price fell below the cost price of his position, Chen Baocai no longer wanted to sell. From making nearly 20,000 Hong Kong dollars to losing money, this was unacceptable to him. He would rather hold the stock and look at it again, hoping for a rebound in the future.

.

Listening to the discussions of many people around him, Chen Baocai believed that if these people were replaced by him, the result would not be much different, because everyone wanted to sell at the highest price, and then when the stock price suddenly fell, it would be too late to run away. One by one

Now when I talk about it, I feel like a stock god, but after I actually experience it, I will look completely different.

Wharf's stock price has changed significantly this morning. Even if Jardine Matheson had not known that someone was secretly acquiring Wharf's stock before, it must have noticed such a drastic stock price fluctuation this morning.

However, at this time, New Bijian, the chairman of the board of directors of Jardine Matheson, did not expect that someone was going to acquire Wharf. He only thought that there was an organization that wanted to acquire Wharf stock. Raising the stock price and suppressing the stock price were just the other party's methods.

That’s all.

Therefore, Niu Bijian just asked the people in the investment department below to pay attention to the changes in Wharf's stock price. As long as the stock price does not fall sharply, they should ignore it for the time being. But once the stock price falls sharply and the total market value falls below one billion Hong Kong dollars, they must immediately report to Wharf.

He reports.

Wharf has not been developing smoothly in recent years and its stock price has fallen a lot. It is impossible for New to let Wharf's stock price fall sharply again. Therefore, once its market value falls below one billion Hong Kong dollars, he will intervene and apply for funds from the board of directors.

, carry out pallet holdings.

However, in order to stabilize investors, and because the stock price fluctuated too sharply this morning, New Bijian still had people issue an announcement, saying that Wharf had not released any news that would have a major impact on its performance, and that the company's operations were all normal, so that

Investors don't have to worry and wait.

It's a pity that Niu Bijian's starting point was good. He wanted to stabilize investors and let them know that there was no bad news in Wharf. Unfortunately, it backfired.

The stock price rose sharply in early trading, so many people took it for granted that Wharf had unknown good news that had not yet been known to the outside world, and the funds that were known in advance were entering the market to buy the dip. Now as soon as Wharf's announcement was issued, it was clearly stated

The company is not good for it, so this is just a bucket of cold water poured on it.

The market sentiment immediately turned cold, and the good news that was originally thought was gone. This is not a bad thing.

Therefore, as soon as the market opened in the afternoon, Wharf's stock price turned around and fell directly below yesterday's closing price, below 13 Hong Kong dollars, and it is still falling.

Seeing this situation, Anyuan asked people to pay attention to changes in the stock market and notify him immediately once large funds entered the market to buy Wharf stocks; while on the other hand, he contacted Lin Baicheng in the United States and asked whether he should take advantage of the trend to increase the stock price.

Suppress it a little longer before buying, or stop suppressing the stock price and buy a large amount directly after reaching a certain price.

The reason why Lin Baicheng went to the United States was, of course, to raise funds.

With Lin Baicheng's current net worth, only the shares of Galaxy Games and the acquired shares of Wharf can be obtained from banks for mortgage loans. The former is fine, but the latter's shares of Wharf are not easy to obtain loans from banks in Hong Kong, because of this

If he did, it would be known that he bought a large number of Wharf shares and made loans, and his intention to acquire the company would be directly exposed.

It would be different if it were an American bank. This kind of news would definitely not reach Xiangjiang. After all, the two parties have never been in contact.

Nowadays, Xiangjiang is a British colony, so the capital belongs to British capital. American funds have not yet entered Xiangjiang, and there are no influence and interpersonal relationships in Xiangjiang. Therefore, Lin Baicheng, who went to the American bank for a loan, is not afraid that he will acquire the Wharf.

The incident was spread to Xiangjiang.

In order to get a bank loan as soon as possible, Lin Baicheng asked Phil Smith for help, and he made the connection and contacted a senior executive of Goldman Sachs.

Goldman Sachs mainly engages in investment and financial services. Mortgage loans are not its main business. It is not Lin Baicheng who seeks Goldman Sachs, but Phil Smith's relationship with Goldman Sachs. As long as Lin Baicheng can obtain a loan as soon as possible, he will seek investment banks and commercial banks to deal with it.

It makes no difference to him.

Large loans cannot be negotiated in one day. The valuation of the collateral, loan amount, loan duration, loan interest, etc. all need to be negotiated.

What's more, not long after Lin Baicheng arrived in the United States, he only contacted Goldman Sachs executives through Phil Smith's relationship. How could he get a loan so quickly?

When Lin Baicheng learned from Anyuan what was happening in the Xiangjiang stock market, he thought for a while and then issued an order to Anyuan.

Lin Baicheng determined that the other party purchasing Wharf stocks was Li Jiacheng. Therefore, without knowing Li Jiacheng's plan, he could not suppress the stock price too low. Otherwise, if Li Jiacheng bought the stock at a low price, he would be setting himself up for a loss.

Li Jiacheng is making wedding dresses.

But similarly, Lin Baicheng currently has insufficient funds, so he cannot reveal his intention to acquire it, otherwise he will have no money to buy it when the stock price soars.

Therefore, Lin Baicheng's instruction to Anyuan is not to deliberately suppress the stock price anymore. You can continue to buy, but do not buy anymore after it is higher than 15 Hong Kong dollars and let the market adjust on its own.

But if a large amount of money enters the market to buy a large number of stocks, once the stock price exceeds 25 Hong Kong dollars, then choose to reduce your holdings and sell some stocks, and sell as much as the other party can eat.

Selling at this price, Lin Baicheng not only wanted to suppress the stock price, but also because selling the stocks at this price would allow him to earn nearly double the profit. Even if he did not acquire Wharf in the end, based on his previous investment, he would at least be able to earn About 200 million Hong Kong dollars.

(Thanks to ‘Wu Zhengjun’ for the huge reward and support!)

(End of chapter)