Spend Money to Play the World

Which one is better to spend money on world time management? 607. Has shorted US$20.4 billion Luo Xu paused, and then said:

　　" By the way, what needs to be mentioned is that the annual interest rate of Sequoia and the brokerage is high or low. Sequoia did not lend us much money this time, so the annual interest is only about 20%.

　　 Because the brokerages on the US stock market are on-market channels, the average annual interest rate is lower, but it is also quite a bit, about 12%.

　　 However, according to your instructions, Mr. Chen, we have only set a total of three months.

　　 Therefore, the final interest rates of Sequoia and securities lending are 5% and 3%, respectively.

　　 Three months later, the amount we need to repay is 282.5 million U.S. dollars from Sequoia.

　　 If you look at the brokerage, you have to see how many bonds you can borrow in total. If you look at it now, the interest rate should not be less than 300 million U.S. dollars. "

　　 At first glance, the interest of five or six billion US dollars is really not low.

　　 However, because what Chen Fang and others are leveraging is more than 30 billion U.S. dollars, this interest is insignificant again.

　　 Of course, the time cannot be too long, otherwise, if the time is long, and after a few years, you will find that the interest is actually larger than the principal.

　　 Chen Fang nodded slightly, motioning Luo Xu to continue.

　　 Luo Xu preached: "After nearly two months of layout, we commanded the'Needle Company' to squeeze the needle. We borrowed about 101 million shares in total, and the margin paid was equivalent to 21 billion U.S. dollars.

　　 These 101 million borrowed shares have all been sold by us. The highest price is US$210.2 and the lowest price is US$198.4.

　　 The average price per share is US$202, and a total of US$20.4 billion has been sold. "

　　 The US$21 billion in margin paid has nothing to do with the US$20.4 billion borrowed for short selling.

　　 Of course, in fact, it can also be seen that the "needle company" only paid a margin of 10.5 billion U.S. dollars to the brokerage, and because it only needs to pay 50% of the securities margin, it borrowed 21 billion U.S. dollars of stock.

　　 The deposit is only to ensure that the "needle company" will not run away and have sufficient capital to sell securities. As long as the "needle company" returns the previously borrowed 101 million stocks to the broker within the agreed time, the broker will also return the deposit.

　　 As for the non-refundable deposit, it would be a case of brokers breaking the rules of the game. The entire stock market would collapse and it would be impossible to play.

　　 This kind of situation is basically impossible. After all, the brokerage has a large plate, and there are countless stocks in his hands. The assets reach hundreds of billions of dollars, or even trillions of dollars. They will not fall back on the account because of this little money.

　　 Under normal circumstances, there will be no brokers doing such stupid things.

try{mad1(\'gad2\');}catch(ex){}　　 Of course, it is not ruled out that some brokers with brainstorming will lose their wisdom and engage in troubles. Once this happens, directly go to the court to sue the broker and let the broker return the money And just pay for the loss.

　　 Now that the ecology of the stock market is becoming more and more perfect, it is more difficult to truly break the rules of the game than to ban New York.

　　 Chen Fang stroked his chin, thinking secretly.

　　According to the closing price of US$203.5 last Friday, the “Needle Company”’s selling price per share was US$202, which was an increase of US$1.5 per share.

　　 However, this increase is not large, not even 1%.

　　 This time, the short selling of Mork Pharmaceuticals in the securities lending is 3 times the leverage, and the forced liquidation line is above 23%, so it is not false at all.

　　 Chen Fang asked, "How much money is available now?"

　　 Luo Xu replied: "At present, the capital stocks amplified by Sequoia is 6.45 billion U.S. dollars, but the largest operable capital in the Liangrong still has 12.9 billion U.S. dollars.

　　 is just a securities firm on the US stock market, and feels that the current short-selling scale is large enough, and it no longer opens the short-selling business of Mork Pharmaceuticals stock.

　　 Therefore, these money can't be used, they can only be kept as spares. "

　　 Chen Fang nodded.

　　 There are more restrictions on short selling, and it depends on whether the brokerage gives you the opportunity. If you don’t give the opportunity and don’t borrow securities, then even if you have more funds, you can’t sell short.

　　 On the contrary, there are not so many restrictions on doing more.

In addition, it is worth mentioning that the brokers who are shorting and do not open self-operated trades generally do not lose money, and simply earn interest money, because the counterparty of the short position is long. Once the short position is profitable, the profit is long. money.

　　 Luo Xu smiled and said, "But Mr. Chen, the short share we have already grabbed this time is quite a lot.

　　 I thought it would be enough to grab a $18 billion head start, but I didn't expect it to be more than $20 billion now.

　　According to the current market situation, the total short-selling share of Mork Pharmaceuticals is about 7.6%, which is more than 38 billion U.S. dollars.

　　 And we made $20.4 billion, which is about 4% of the total market value, and our short-selling market share reached more than 52%. "

　　 As he said, Luo Xu thought of something and said helplessly: "However, because of the large amount, many news media have focused on the'Needle Company' report in the past two days.

　　 In order to facilitate the operation, didn’t I hang up the ceo positions at nl company and ‘needle company’, they even dug me out. "

　　 Chen Fang chuckled: "I have also been following the news of Mork Pharmaceuticals in the past two days. I have also seen the reports about the'Needle Company' you mentioned."

try{mad1(\'gad2\');}catch(ex){}　　 Because the "Needle Company" shorted Mok Pharmaceuticals this time, it was really too big, and it became a short trade of 20.4 billion US dollars. Coupled with the $9.4 billion cut by Domok Pharmaceuticals before, this makes it difficult for the'needle company' not to be noticed.

　　 At present, the "Needle Company" has been rated by many media in the United States as the most ruthless short-term institution on Wall Street in the first quarter of 2022.

　　 As the CEO of nl company and ‘needle company’, even if he is just a suspended person and not the first shareholder, Luo Xu is still famous.

Luo Xu sighed: "Now we are being watched by many media. Although we are well-known, the words of those media are not very friendly. Degrading and unoptimistic are the majority. There should be many people leading behind, even Mok. The pharmaceutical company also stepped in.

Moreover, Mr. Chen, after our large short-selling scale is exposed, it is actually very likely to cause retail investors and other investment institutions that are optimistic about Mork Pharmaceuticals to counterattack ~ www.ltnovel.com~ Once the US stock market opens tomorrow, they will force the counterattack. The increase in the stock price of Ke Pharmaceuticals is not good news for us. "

　　 Chen Fang smiled calmly: "Don't worry, they don't have a tomorrow. If nothing else, we should see the result tonight."

　　 Luo Xu's eyes lit up: "Mr. Chen, you mean... the opportunity is coming?"

　　 Chen Fang nodded: "Yes, and even if other institutions and retail investors forcibly raise the price of Mok Pharmaceuticals tomorrow, how much can they raise the price of Mok Pharmaceuticals with such a big plate?

　　 Our forced liquidation line is above 23%, is it possible that they can directly pull up to break this line? "

Luo Xu smiled: “That’s probably difficult. According to our observations, it’s difficult for the stock price of Merck Pharmaceuticals to increase dramatically temporarily before there is no new major move. It’s not easy to trade 23%. At least tens of billions of dollars have to be spent on things, but it’s impossible for anyone to do that."

　　……

the other side.

　　 New York, USA, it was two o'clock in the morning on February 27th.

　　 The headquarters building of a short-term institution named "Coyote Research Company" is still brightly lit.

　　 In a conference room with more than 30 people gathered, the light dissipated the darkness, and the room was as bright as day.

　　 Eric, the CEO of the Coyote Company, is sitting in the main seat of the conference room.

　　 At this time, he looked like a torch. After scanning the people in the room, he asked the assistant next to him: "Are all the people here?"

　　……