The rise of nanometers

Tuesday, March 11th.

Among the financial news on Wall Street, another piece of bad news came out. Credit Suisse Group, an important partner of Bear Stearns, asked its traders not to do any transactions related to Bear Stearns.

In fact, this is a maliciously distorted message.

In fact, the origin of this news was that many hedge funds went to Credit Suisse's brokerage department and asked Credit Suisse to accept their trading contracts with Bear Stearns.

Later, Credit Suisse sent an email to its stock and securities traders, requiring that all transactions involving Bear Stearns and other non-routine business must be approved by credit risk managers.

This order was passed to traders at other companies, but it completely changed its tone, causing a huge negative impact on Bear Stearns.

When this incident was reflected on the stock market, it fell in response.

Huang Xiuyuan's short position of 84 million yuan yesterday, using twice the leverage, naturally made a huge profit.

Bear Stearns' stock price closed today, plummeting another 13%, allowing him to make a profit of about 21 million, and the amount of funds he controlled further increased to 105 million.

However, at the close of today's market, he gave up continuing to sell short and stopped to wait and see. With hundreds of millions of dollars of cash flow, even if he reduced his attention through dozens of accounts, the noses of the guys on Wall Street were very sensitive.

…

New York.

Goldman Sachs headquarters building.

In the president's office, an old man with a round Mediterranean face was looking through documents meticulously.

There was a knock at the door.

"Come in."

A middle-aged white man walked in: "President Lauder, the plan is very successful, but some small fish got in."

The old Mediterranean man didn't mean to raise his head and asked flatly: "How many are there?"

"About 800 million to 1 billion, about half of which is overseas funds. The accounts are relatively scattered. There should be a few groups of small hot money."

The old Mediterranean man stopped his pen: "Is that so?"

"Will the arrangements be adjusted for tomorrow?" the middle-aged white man asked cautiously.

"are you sure?"

"It has been confirmed that Schwartz will give a clarifying speech on CNBC tomorrow."

The old Mediterranean man narrowed his eyes: "Then there is no need for illustrations. I will post another message in the afternoon. You can arrange other things."

"OK."

The setting sun is setting in New York, but it’s broad daylight in Shantou and Meizhou on the other side of the ocean.

Because he stayed up late to trade, Huang Xiuyuan rested all morning and went to the headquarters office in the afternoon. When passing by a factory building, he specifically checked the progress of the laboratory.

The infrastructure of the original factory building is relatively complete, and the progress of laboratory construction is much faster than expected. The construction period may not take more than seventy-five days.

After seeing the progress of the laboratory, he came to the office on the second floor of the second building of the factory. Lin Baijie was in the same office as him, but his office was on the inside.

Seeing Huang Xiuyuan walking in, Lin Baijie stood up hurriedly and reported some recent developments to him: "Mr. Huang, Fuguo has ordered 10 gas-fired generator sets in Shengdong. This is a copy of the contract faxed back this morning."

After taking the document and flipping through it, I found that the total purchase price was 8.5 million, for 10 500-kilowatt gas generator sets, plus a set of spare parts and maintenance tools. Shengdong promised to insure it for three years.

"No problem, just follow this contract."

"Mr. Huang, the company's funds are somewhat insufficient." Lin Baijie reminded again.

“How much liquidity is left?”

Lin Baijie took out a financial statement: "In addition to the money from the previous contracts, plus the 36 million yuan for the land purchase a few days ago, and the 6.8 million yuan for the purchase of transportation vehicles, we may have to prepare for the first phase of the Guizhuling Industrial Park factory building that is still under bidding. About 30 million yuan, the garbage disposal equipment needs about 10 million yuan, plus the gas-fired power generation unit just now, 8.5 million yuan."

At this point, Lin Baijie became a little nervous. These projects cost 90 million yuan. Currently, Suiren Company's working capital has dropped to only more than 8 million yuan.

Huang Xiuyuan was very calm: "There are still more than eight million, so there is no problem. I will inject capital into the company before the end of the month. You can go ahead and do it."

Despite the chairman's vow, Lin Baijie didn't see any funds and had trouble sleeping and eating.

"By the way, there's one more thing."

"Mr. Huang, what's the matter?" Lin Baijie took out a pen and notebook.

Huang Xiuyuan directly ordered: "Although our company is not big yet, we can make arrangements for the subsidiary. We can separate the garbage removal business and set up a subsidiary; we can also set up a subsidiary for gas sales. "

"No problem, I'll complete the registration before the end of the month."

The two discussed other business, and he went to the software laboratory to discuss the company's official website and the industrial software platform that was being improved with Lu Xuedong.

Several programmers and engineers who participated in the improvement talked to him about some problems. It was around 7 o'clock in the evening.

Huang Weichang often drives him home.

After taking a shower and eating, it’s almost morning in the United States.

Bear Stearns' stock price has been hit hard by the rumors, and the company's executives believe that the company must issue another announcement to clarify matters about Credit Suisse Group.

March 12, 9:42 Dongmei time.

CNBC Business Channel published Schwartz's remarks, saying: "Perhaps because Bear Stearns is a major player in the mortgage business, some people have speculated that there are problems with the company. But these speculations are not true. ..."

Next, the program began to broadcast the good news about Bear Stearns, such as the company's sufficient cash reserves and the company's good profits in the first quarter.

Huang Xiuyuan, who was watching the live news, suddenly narrowed his eyes. This situation was different from what he remembered.

If he remembered correctly, Schwartz's talk was interrupted by a news break when it came to the company's sufficient cash reserves and good first-quarter profits.

Interestingly, the content CNBC inserted was the scandal surrounding New York Governor Elliott’s resignation due to his solicitation of prostitutes.

Now there is no "interruption accident", and the fruit here is really deep.

He looked at the stock market conditions on another laptop. Originally, Bear Stearns had plummeted by about 6.3% at the opening. As soon as the news came out, bullish orders suddenly skyrocketed and turned green in just five minutes (rice stocks went green and turned red). fall).

Huang Xiuyuan acted very quickly and directly used his own cash to place long orders quickly.

In the next hour or so, Bear Stearns' stock price soared. Despite the desperate suppression by short sellers, it was still unable to recover.

Bear Stearns' share price has soared from -6.3% at the opening to +10.2% by around 10:55 a.m.

This madness is not over yet. At around 12:37 noon, Bear Stearns' stock price returned to its highest level of the year at 71.24, a surge of 28.3%, which is comparable to a roller coaster.

At this time, Huang Xiuyuan quickly sold all the long orders. Although he purchased multiple orders, due to the rush, he only invested more than 60 million, but made a profit of 17.34 million.

The reason why he chose to sell was mainly because he knew that Bear Stearns was going to have a thunderstorm sooner or later due to the subprime mortgage crisis.

And those guys on Wall Street must be planning to clear the market, because after Bear Stearns' stock price reached 70 yuan, long sales increased, and short purchases also increased steadily.

The roller coaster ride at the opening probably blew up a lot of highly leveraged short positions.

If any news suddenly breaks out next, and there is another plunge, all the hot money will definitely be wiped out.

Thank you for your support, and thank you book friends for your "account stolen" and "simple wealth" rewards (ω｀)