We're building a super chaebol in Hong Kong
#221 - If you don't want to be trapped, you have to cut your losses and run away!
Inside the private room, the traders were happily chatting while eating lunch.
Their faces were all smiles.
Although their commissions from today's sell-off couldn't compare to Zhang Qizheng's, they were still much higher than the average trader's earnings.
The 14 traders would each receive at least a hundred thousand in commissions.
And that's in US dollars, not Hong Kong dollars.
Moreover, this wasn't the only opportunity to make money during this trip to the US; apparently, there would be many more opportunities to come.
While absorbing shares of companies like Nami Entertainment and Intel wouldn't earn as much as trading oil stocks this time, there were still fixed commissions to be made.
Therefore, every trader followed their boss, Su Cheng, with a grateful heart.
Most of them had worked on Wall Street, and even among Wall Street traders, they were considered elites, so they knew that even the best-paying financial companies on Wall Street couldn't compare to Tianyuan Investment Company.
Zhang Qizheng, however, couldn't spare time for lunch; he was alone in a corner of the private room, calculating the profits from this wave.
In fact, this work was originally done by the finance department of Tianyuan Company.
However, this time, Tianyuan Company didn't send anyone from the finance department, and since it was already late at night in Hong Kong, this task could only be done by Zhang Qizheng, the general manager.
By the time Su Cheng finished eating, Zhang Qizheng had just finished his calculations.
Actually, the data was very easy to calculate.
However, with a rigorous attitude, Zhang Qizheng calculated it multiple times, and after confirming that there were no errors, he finally finalized the results.
Su Cheng put down his lunch box and walked to Zhang Qizheng.
"How is it?" Su Cheng asked.
"I've already calculated it. The funds from the sale, minus the handling fees, transfer fees, stamp duty, SEC fees, FINRA fees, etc., finally yielded $458.6 million US dollars. In other words, we made $228.6 million US dollars with a principal of $200 million US dollars in this wave," Zhang Qizheng said as he handed a data sheet to Su Cheng.
The employees' commissions weren't settled immediately but were settled by Tianyuan Company on a monthly basis, so Zhang Qizheng didn't calculate them.
Moreover, these commissions didn't have a significant impact on the overall capital.
"Thank you for your hard work; go eat first," Su Cheng said with a smile, patting Zhang Qizheng's shoulder.
Having more than two hundred million US dollars in funds available again was a very good thing.
The money from the oil side should be gradually recovered in a month or two at most, and by then, the cash flow would become abundant all at once.
As Zhang Qizheng went to eat, Su Cheng walked out of the hall.
At this time, the hall was bustling with noise, but the situation was completely different from before.
Some people were watching the show; some were taking advantage of the still-high bids to cut their losses and sell; others decided to keep the stocks they bought at high prices.
Only, those who kept them didn't know that the next time they would break even would be two years later.
Two years wasn't long, nor was it short.
Those who could persevere would naturally not lose, but they would lose time.
Those who couldn't persevere would definitely have to cut their losses and sell.
In short, the scene was filled with lamentations.
No one had expected the change to happen so quickly.
They hadn't even had time to react.
"Xiao Ai, how low will they eventually drop in this wave?" Su Cheng asked Xiao Ai curiously in his mind.
"If nothing unexpected happens, these stocks will drop to about a dozen points lower than the price you bought them at. A more than one-fold increase in three days was already artificially high, so it's normal to return to the original base number and then rise a dozen points," Xiao Ai replied.
Su Cheng nodded, expressing sympathy for these poor stockholders.
At most, they would only lose half of their money, which wasn't enough to lose everything.
In the end, Su Cheng and the dealers became the big winners.
And the many stockholders of the beautiful country became the leeks that were harvested.
Su Cheng stopped watching and went straight back to the private room.
Inside the private room, the traders had already finished eating, and when they saw Su Cheng coming in, they enthusiastically greeted him as "Boss."
Su Cheng nodded to them and said with a smile, "Thank you for your hard work."
After Zhang Qizheng finished eating, he once again arranged for the traders to absorb the shares of Intel and Nami Entertainment.
Having a dozen elite traders deal with two companies with a market value of tens of millions to one hundred million US dollars was a bit of an overkill.
However, since Su Cheng hadn't arranged any other tasks, they naturally focused on trading the stocks of these two companies.
According to Xiao Ai's opinion, the stock market in the beautiful country would continue to fall.
The impact of the decline in the energy industry, in particular, would lead to the continuous decline of stocks in other industries.
This would naturally be conducive to Su Cheng's layout of listed companies in the beautiful country.
Sure enough, after the afternoon, stocks in other industries also began to fall one after another, with some even falling by more than a dozen points.
Under the traders' operations, Intel and Nami Entertainment would occasionally create large sell orders.
This led many shareholders to believe that the major shareholders were selling stocks, and they also panicked and followed suit, selling at low prices.
Many stockholders believed that this was the prelude to a financial crisis.
If they didn't want to be trapped, they had to cut their losses and run.
At three o'clock in the afternoon, the stocks of the seven major oil companies had fallen back to the level of noon yesterday.
But Su Cheng knew that this was not the end; they could continue to fall.
If nothing unexpected happened, all the gains of the past two days would be wiped out before the market closed at four o'clock!
If it was as Xiao Ai said, even when the market opened next Monday morning, it would continue to fall, dropping to near the price when Su Cheng bought it.
How tragic!
Su Cheng mourned for them and felt a little schadenfreude because these were all citizens of the American empire and had nothing to do with him.
However, those who bought at the peak were only a small group of people, and more of them bought in the middle of the mountain.
So, in reality, everyone's losses weren't that great after this wave.
The price decline was just a return to rationality.
"Ding ding ding ~"
The bell of the New York Stock Exchange rang, representing the end of the stock market.
Tomorrow was the weekend, so the exchange would be closed, and it would not reopen until 9:30 a.m. next Monday.
For many stockholders, today was a Black Friday.
An originally carnival-like stock market inexplicably turned into a major crash.
The most unacceptable thing was definitely that small group of people standing at the very peak.
They were great and had made contributions to Su Cheng.
"Boss, it's a bit chaotic outside. Some people even want to cause trouble in the exchange. The nearby police have already arrived. Let's go back early," a bodyguard walked to Su Cheng's side and said softly.
Su Cheng nodded and turned to say to everyone, "Let's go back first. Uncle Zhang, you can report to me later."
"Okay, Boss!" Zhang Qizheng nodded.
You'll Also Like
-
All heavens return
Chapter 619 2 days ago -
Naruto: A pair of hands of gods and ghosts at the beginning
Chapter 266 2 days ago -
The first genius of American manga
Chapter 392 2 days ago -
Marvel's strongest warden
Chapter 448 2 days ago -
Konoha's Black Absolute Rebirth
Chapter 54 2 days ago -
Am I doing something wrong while playing games in another world?
Chapter 216 2 days ago -
Harry Potter Raven's Claw
Chapter 651 2 days ago -
I don't believe in the will of fire
Chapter 259 2 days ago -
HP Approaches the Magic World
Chapter 918 2 days ago -
My elf is a beautiful girl
Chapter 229 2 days ago