Reinventing the Millennium

The ITC released its preliminary ruling.

See you on Nasdaq on Monday.

However, to the disappointment of some people, Yike maintained its stock price.

The ruling has been made!

Didn't work?

If the stock price is really supported in this way, can Yike and Nokia really reverse their strength?

This is a question facing many institutions, investors and mobile phone industry practitioners.

And, there is also a very important thing that comes into view. Can it really support the stock price?

The scene from a previous CNBC show was widely circulated on Twitter on Monday night.

——I am rich.

The bounty hunter Andrew, who was once labeled as "anxious", was not as rough as the rookie Dennis, and he was not afraid of being pointed out by Mr. Fang by name for dirty things that needed to be supervised. He carefully summarized the financial information of the Yi Ke Department. I think it is impossible for Yike's stock price to be promoted like this forever.

1. Sina 2% has been traded at US$104 million.

2. The specific amount of some of Sina’s pledged stocks has not been disclosed, but is estimated to be between US$200 million and US$500 million. According to SEC regulations, major shareholders can only pledge up to 50% of their shares. This stock will have a shrinkage assessment and a floating range. bigger.

3. A long credit line from a domestic bank in China, worth US$440 million.

4. Yike Company launched a US$350 million stock repurchase. Considering the company's normal operations, Fang Zhuo's news of a US$1 billion scale is likely to be far away.

This is the scale of funding that has now become clear.

Well, with such a list, considering the potential financing ability, it is indeed qualified to last for a while.

The problem is that the preliminary ruling basically confirms that Yike will lose the case. According to the information given by the ITC, the final ruling will be made before May, which is now one month.

Can this "for a while" last for a month?

Andrew made it clear that this would be the last month for Yike to collapse.

By the way, he also disclosed that his hedge fund’s short position on Yike was US$250 million.

The bounty hunter on Wall Street didn't just talk about it, he really ended up there.

People from all walks of life on Twitter analyzed today's battle situation. Some people talked about funds, and some people talked about the market. In this atmosphere, the performance of Yike's stock market on Tuesday was unexpected.

Similar to Monday, when the Nasdaq opened on Tuesday morning, Yike's stock price still fell by 2%. The sell order was immediately taken, and the stock price rebounded to $101.23. By the close of trading, Yike's stock price had stabilized at 100 without any suspense. Above the U.S. dollar, it closed at $100.85.

That evening, Citigroup still firmly reiterated their rating on Yike stock, Sell.

Instead, Goldman Sachs updated its rating, Buy!

They gave more detailed opinions: "In the past two days, Yike's stock has changed hands in a huge amount, and the trading volume has increased significantly, reflecting that the differences between long and short have begun to increase, and the game is very fierce. However, Yike's abundant cash flow, start-up The stock repurchase and the firm support of major shareholders are like a beautiful combination of punches, pushing the stock to a price of $100 that better reflects the company's value."

“The heaviest punch in this was the repurchase and increase of stock holdings by Yike Company and shareholders. The decisive entry of real money into the market not only reflected their determination, but also brought confidence to investors. Now Yike has It has excellent investment value.”

On Tuesday night, Fang Zhuo couldn't help but sigh as he read the rating opinions from Goldman Sachs.

"Professional, still professional at Goldman Sachs."

There are only three people in the office. Kong Yu, the head of the MIGA fund, is having a late-night snack, and Yu Hong, the president of Yike America, is reading the report.

When they heard what the boss said, they all looked up at Mr. Fang.

Yu Hong couldn't help but ask: "Are you praising the professionalism of Goldman Sachs, who is responsible for our stock buyback this time?"

Fang Zhuo shook his head: "No, I am praising Goldman Sachs's professional style of doing things just for money."

Really collect money and really do things!

Just like the year before last, Goldman Sachs received money from Paulson, the big short seller, and actually acted as a CDO in name. Now it is still under investigation because of this matter.

Kong Yu divided the supper and said sincerely: "Goldman Sachs is still very pure."

Then, he shook his head again and said regretfully: "Unfortunately, we are still a little short of completing this encirclement today."

Today is the last day of March.

Institutions, media, investors, shareholders and passers-by are all paying attention to the stock price changes of Yikecheng on Tuesday, while Fang Zhuo and Kong Yu are paying attention to the disclosure of short position information from the Nasdaq exchange.

On the 15th, authoritative data from Nasdaq showed that short positions were US$1.82 billion, accounting for 7% of the total equity.

After half a month of long and short testing, games, information, and discussions, the two disclosures that Kong Yu regarded as key moments have turned a page - US$3.268 billion!

It’s almost doubled from half a month ago!

However, this figure only accounts for 11.35% of the total share capital, which is still lower than expected.

The biggest reason is that Yike's total market value has been pushed up faster than short-selling institutions can spend money.

At present, the shares at his disposal have increased to 84.18%, and there are still 15.82% of circulating shares on the market, which is still 4.47% more than the position of short-selling institutions.

This result disappointed both Fang Zhuo and Kong Yu.

Based on the current market value, this part of the position is worth US$1.287 billion.

Still quite a lot.

Fortunately, this is a two-way journey.

Fang Zhuo takes one share here and one share for the short sellers. If he persists until April 15, he can still unlock the run conditions.

In these fifteen days, first of all, the stock price still cannot crash. Secondly, the higher the stock price, the better.

"Obviously the King of Short Sellers has entered the scene, but these people still don't short Yike! Are they still human?" Fang Zhuo took the supper handed over by the Gasoline Man and expressed his anger at the failure to encircle him this time.

Kong Yu took a sip of the soup and said "uh".

In fact, the short sellers are really working hard, spending $1.448 billion in half a month, which is much more refreshing than the venture capital investors.

However, even if Paulson raises the flag, institutions hit by the financial crisis are indeed more cautious, or in other words, they cherish the money in their hands more.

Kong Yu is also reflecting that Mr. Fang and Yike’s use of Mars3 to resolve the ITC’s final ruling may have been too effective.

Now it is true that a considerable number of ordinary investors believe that Yike's stock price still has room to rise, and that Mr. Fang has enough funds to survive this period of time - although, they do believe that they are right.

The world's second best CEO and his smartphone products have also gained many fans in the past two years.

In addition, the fate of Nokia, Microsoft and other giants this time, and the hunting of short-selling institutions, there is also an atmosphere of lone heroes in public opinion.

Various factors add up, and many short-selling institutions are still weighing the matter.

"Mr. Fang, this may still require a signal from you." Kong Yu thought about it carefully, "But how to give it is also very particular."

The actions of major shareholders can affect the whole body.

The time should be before the 15th, and the scale should not collapse the confidence of ordinary investors.

"Do you think it's okay if I pledge Yike shares to ICBC?" Fang Zhuo asked the gasoline man's opinion.

They thought this was feasible before. The major shareholders needed funds to the point of directly pledging Yike's shares. How could they not be able to hold on?

However, this action needs to be disclosed to the SEC the next day, which can easily cause ordinary investors to crash the market.

Kong Yu was thinking about it in his mind. The 15th was Wednesday. He could take advantage of the weekend market closures in the previous two days to release news so that institutions could continue to enter the market. He would continue to control capital prices on Monday and Tuesday, but... it was not very safe.

In the past two days of the long-short game, although there were also market smashing actions, there were actually not many funds from short-selling institutions involved.

The short-selling institution's short-selling of Yike this time is to use the negative news on the surface to build momentum, rather than forcibly using funds to burst the bubble of Yike's stock price.

They generally believe that with the ITC's ruling at the bottom, Yike's stock price can collapse on its own.

"President Fang, it's better not to use it." Kong Yu suggested based on the situation in the past two days, "We can try the ice core."

Fang Zhuo frowned.

Kong Yu sped up his words: "We don't really want to touch Bingxin. It just so happens that Goldman Sachs is around this time, and Goldman Sachs is a shareholder of Bingxin. We pretended to use Bingxin's urgent sale of shares as bait to let Goldman Sachs or some institution quietly reveal the secret." This matter."

"It is difficult for ordinary investors to get such news, but short-selling institutions are very well-informed. They probably also know Bingxin's status with Mr. Fang."

"Even the ice core has to be moved, which proves that there is really nothing we can do."

"With some news about banks refusing to extend credit, we can make up for the final share no matter what."

Secret, true and verifiable gossip!

Even Kong Yu himself loved this bite!

After thinking about it for a while, Fang Zhuo sighed: "The feeling of short squeeze is unpleasant. This process is also full of pressure and suffering for me. You don't know that even the look in Schmidt's eyes changed when he saw me last time. "

Yu Hong, who had been eating her midnight snack in silence, said, "Well, it should feel better than being squeezed short."

Fang Zhuo ignored Xiao Yu, talked about the last share of space, and said from the bottom of his heart: "This is all done with ice cores. I also want to see how far they are going to push me!"

The other two people in the office didn't answer the call. Mr. Fang was under too much pressure. Don't irritate him anymore by talking.

After a while, Yu Hong said: "The news that the company can release is that the three major markets are stocking normally, especially the US market and the channels of T-Mobile and Verizon. Our Mars3 is stocking normally."

"Also, our press conference can really be mentioned in May."

The latest news from the ITC is that the final ruling was given before May. Although it is too late to continue the June conference, she is now worried about changes in the Android camp.

A few days ago, Schmidt came to New York and confirmed that he will indeed attend the press conference mentioned by Samsung in April.

This is also a signal.

Yu Hong does not want Yike's operations to be in chaos.

Fang Zhuo was more straightforward this time: "Okay, then you can study the appropriate time in May, and you will be the one to attend this press conference."

"What am I going to say? Nokia is burning?" Yu Hong said, which was the word from last year's press conference.

"I think it can be announced this year that Yike is one of the leaders in smartphones." Fang Zhuo said.

Yu Hong pondered. The first thing she thought of was chip design cooperation in Silicon Valley. If it can be successfully commercialized next year, she would be more confident.

However, on second thought, the atmosphere this year is special. If Nokia and Microsoft enter and fail to kill Yike, it is okay to improve morale.

"There are still some people in the company who are panicked." Yu Hong talked about the internal military morale during this period. No matter what, patents and rulings are powerful.

"Hold on, your boots are already touching the ground." Fang Zhuo took a breath, "The situation will take a turn for the worse soon."

Yu Hong nodded, she had already heard the time node, April 15th, Good Friday for bears.

The disclosure of Nasdaq's short position caused little stir.

This is a routine action twice a month, and everyone has become accustomed to it.

What really matters is the share price of Yike.

However, the stock market performance on Wednesday unexpectedly moderated. There was not much decline or rebound. Yike's stock price fluctuated moderately around $100, as if the intense long-short game was just a flash in the pan.

However, everyone believes that the action surrounding Yike is not over, and there must be an undercurrent surging now.

Fang Zhuo couldn't say whether this was the case. He just had continuous negotiations with Microsoft, Oracle, Sony, Apple, and Verizon.

Here, telecom operator Verizon tentatively proposed the idea of ​​reducing the share ratio.

Fang Zhuo almost became angry at such a suggestion at such a critical moment.

Verizon has never been a reliable partner, and this is just another example of business talk.

He did not refuse immediately, but delayed the meeting between the two parties because of the seriousness of the matter, and then contacted AT\u0026T, now the largest operator in the United States.

AT\u0026T has been cooperating with Apple, and there have been occasional polite contacts between the two parties, but there have been no sparks.

This time, in order to prevent Verizon from defecting and Samsung from instigating behind the scenes, Fang Zhuo thought that he could bring T-Mobile to talk about cooperation with AT\u0026T and Apple.

Contacts need to be kept secret. Instead of giving profits to Verizon, which keeps hooking up with Samsung, it is better to create a bigger cooperation cake.

From Wednesday to Friday, Yike’s stock price remained eerily stable.

Including Twitter, Paulson and others also had strangely little movement, and the Gasoline Man's vest organization in Chicago also received no useful information.

Fang Zhuo assessed the situation in his mind, fearing that he was plotting to exert force.

On Friday night, he suddenly received a call from Liu Suyi of Yongke Real Estate.

"Mr. Fang, Yongke Real Estate can lend funds to Yike. We are ready." Liu Suyi said immediately, "Funds were tight before. I have to coordinate the money in the past few days before I dare to call you."

He continued: “The shares of Yongke Real Estate can also be pledged, and I have communicated with the shareholders.

Fang Zhuo asked: "How much money have you prepared?"

"One billion!" Liu Suyi replied forcefully.

Fang Zhuo said kindly: "Okay, Mr. Liu, I know what you mean."

He continued: "Well, don't worry, I don't have to worry. Yongke Real Estate still needs to develop more, and the more money should be spent on myself."

Liu Suyi was comforted and hung up the phone silently.

Sina, I want to change with you...

I just saw two more alliance leaders after the update yesterday...

Thanks to "Yuye doesn't bring a knife or an umbrella" and "Guo Bohu" for their love.

This... I think February is a good starting point for additional updates and supplementary updates.