Yike was shorted, Yike won, and Yike released a new opportunity. Mr. Fang faced off in New York, Mr. Fang returned home sadly, and Mr. Fang suddenly exploded.
This is the huge change in the perception of Yike and Mr. Fang in both the media and the public in the past week. This week has been so dreamy.
Are short sellers going to kill themselves?
Yike Bubble made Mr. Fang the richest man? What happened?
It wasn't until President Fang held a victory press conference that the whole incident settled, and everyone seemed to have completely come to their senses. The wave of short selling receded, and President Fang was once again standing at the forefront of the trend wearing victory shorts.
It is difficult to summarize in China, it is difficult to penetrate the fog, and it is difficult to give a true description. As a position to support Mr. Fang, Zhihu forcibly summarized it. Simple version: Mr. Xiong is silent and Wang Gou sheds tears.
Conspiracy version: Mr. Xiong raises funds at night, and Wang Gou sacrifices himself.
Praise version: Mr. Fang cleverly arranged a short-squeeze formation, and the short sellers were arrogant and went to the door of death. Vernacular version: I'm crazy, I'm crazy, is this okay?
Regret version: I was deceived by lard, I was snoring with my eyes open, I should never have listened to the temptation to go short Yike! Fanatic version: Mr. Fang, you are my god!
There are too many game forces involved in one week, and there are also inconsistencies in various heavy media. In this situation, it is difficult for Zhihu to sort out the situation. According to the past, the "Wall Street Journal" report is Zhihu's credibility.
Relatively high citations, however....
This time, Mr. Fang was clearly labeled as a fraudster, but the person who wrote the report resigned...
No matter how talented Mr. Fang is, can he still control it to this extent?
The water is obviously too deep, and I don’t know what kind of exchange of interests is going on behind the scenes.
In three days, the craziness of hundreds of billions of dollars in Nasdaq was exchanged for Huaxia Coin. Yike directly had a paper market value of more than one trillion. This thing... This thing has made ordinary people lose their recognition.
You know, without coordinates, there is no real feeling at all.
No matter how people work in the industry, most of them can only be dumbfounded, watching the stock prices soar and then fall, and in the end they can only do some emotional output.
As soon as the disposable equity of Yike was reversed, as soon as the stock market opened on Monday, and as soon as the world's richest man was born, the more people in the industry, the more they were shocked and speechless. They just clicked likes, looked at the rumors, and waited for the matter to end before thinking about it slowly.
When the new phone is released, and when Mars and Selfy appear, the aura of Yike that people dare not look at seems to have slowly faded away. It is no longer an existence that is discussed or sighed in the financial circle, but has once again revealed its true identity.
The face of - a mobile phone company.
Although the Mars series has made Yike a dark horse in the mobile phone industry, and although Selfy seems to have caused a lot of discussions in the mobile phone industry,... this is like a normal world order, and it makes people feel that all perceptions are
In line with the rules.
"Mr. Fang is really capable of stirring up trouble. After a week like this, I came back to my senses and remembered a comment I made in the industry a few years ago."
"Oh, it must have been seven or eight years ago. At that time, Mr. Fang was shameless and black-hearted and forcibly acquired Sina. People in the industry said that he was good at dancing in the capital market. Even Duan Yongji, who was good at this, fell into his hands."
"I didn't expect that this dance would reach this point. Many things about Yike's short squeeze must still be unclear, but Mr. Fang's plan has been planned for a long time, and I am 100% certain."
"I want to say that it's okay for Mr. Fang to be bad at the beginning. It's really not easy to continue to be bad like this." An anonymous user who seemed to be quite qualified made a sincere comment after coming to his senses.
Mr. Duan was a very powerful person back then, but later he was very angry when he was plotted against by Mr. Fang and was sent to the hospital for a time.
Now it seems that even these large international institutions have not escaped Mr. Fang’s plot. It was really an honor for Mr. Duan to lose to Mr. Fang back then. Only a small number of people on Zhihu are discussing Yike’s new machine. More people
They are still immersed in this week's short squeeze. Just when they are trying to dismantle and analyze it carefully, Paulson's re-emergence seems to have gradually caused new changes.
Last week, Zhihu reported that Paulson was still the "king of short sellers" and "the number one hedge fund manager." This week, the news about him has become "unlucky Paulson" and "a Paulson who does not live up to his name."
He was given a Chinese name, "Bao Xin".
In view of Baoxin's past performance, although it is roughly estimated that the loss this time will be at least US$1 billion, the issue he mentioned is still worthy of attention - has Yike resolved the ITC's ruling?
Along with such questions and his continuous output of opinions, and, most importantly, the excellent parameters of two Android phones Samsung presented on April 26...
Some short-selling institutions with blood on their lips raised the same question overtly or covertly. Can Yike really continue to hold on to the market in the future?
Samsung's new phone launch conference, a flagship phone, named Tru, which means ace, main brand, priced at US$399. An entry-level phone, named Kitty, priced at US$199.
Samsung has launched a new series and launched its own Android "ace". The price is directly comparable to that of Yike Mars. The meaning is obvious. Its entry-level phone Kitty is only priced at US$199 on the official price list.
According to the information displayed at the press conference, the subsidized cooperation price with channel partners for this US$199 model will be US$99. At a price of less than US$100, it is an early adopter of a mobile phone equipped with Android system, and it is still a big brand like Samsung.
The launch of this entry-level phone is believed by the industry to have a huge impact on Yike's position in the Android camp.
Before the launch of Yike, the industry generally believed that Yike would launch a mobile phone with a price of less than US$300, but Selfy still stayed above this price, which was inevitably regarded as a lack of market expansion.
Does the Android camp need entry-level phones?
Of course it is, that’s HTC’s positioning.
However, HTC does not have the same bargaining power with telecom operators as Samsung. The lowest price of its mobile phone in the channel is US$169, which is 1.7 times that of Samsung's Kitty.
The person who presided over the Samsung new phone launch conference this time was Samsung Prince Lee Jae-yong. He did not mention the existence of competing mobile phones throughout the whole process. He only said meaningfully at the end: "We at Samsung just want to make good products and bring more products to the market."
Consumers are using smartphones, and no matter how well companies perform in finance, they will still have to face a cold market."
There is no doubt that Lee Jae-yong is talking about Yike, and this time Samsung is also targeting Yike mobile phones.
In this way, the stock prices of Samsung, Paulson, and Yike have fallen, and due to multiple factors such as public opinion in the mobile phone industry, the Nasdaq exchange once again disclosed short positions at the end of April, and Yike really reappeared to be short-selling.
The news that stirred up the dust most came from ITC officials on the evening of April 30. They confirmed that they would issue a final ruling on Yike’s infringement of Nokia by May 15 at the latest.
Talking about ITC, ITC is really coming.
This is not a decoration, this is a real institution with the right to ban sales.
The news about ITC was like a heavy defibrillator, which directly shocked the hearts of many institutions. Can it be done? Can it really be done?
Some small and medium-sized institutions went bankrupt, and some small and medium-sized institutions stood up again.
However, major institutions such as Goldman Sachs, Bridgewater Associates, and Carlyle, which were previously exposed to be involved in short selling Yike, have stayed put. They seem to be waiting and watching, and they also seem to be brewing.
Since Yike's late-night temporary press conference, Goldman Sachs and other institutions have suspended their ratings of Yike. Even though Yike has carried out block trading and option settlement and the whole matter has come to an end, the agency's rating has not been restored.
Eastern Time, May 1st, 12:00 noon.
Kong Yu, the head of MIGA Fund, dialed the boss’s phone number.
In recent days, he has been cooperating with the procedural reviews from the SEC and Nasdaq to confirm that he has not conducted illegal operations, and has also witnessed that the situation seems to be changing.
Changes come a bit fast, and ITC is a fierce catalyst.
Kong Yu talked with his boss about regular work, and then tactfully talked about another matter: "Mr. Fang, I haven't seen Ashan recently."
The calls he used were processed and encrypted, but he still processed them subconsciously.
Ashan is from Northern Trust, and she once handled investments from Xiao Ao
, is also a client of MIGA Fund, but its scope is relatively marginal.
Kong Yu is relatively familiar with Ashan because of his business and special client assets.
In particular, he recently discovered that some familiar people in the United States were gradually disappearing, so he silently recalled the situation in his mind. Fang Zhuo knew what the gasoline man meant, and his answer was also more euphemistic: "Subjective initiative is not just about five people.
A word."
He and Kong Yu talked about the subjective initiative of Lu Peining and others. This is not a compliment, but an objective description. They are really capable of taking action, and they have already started to take action.
Where did Ashan go?
I don’t know, but Lu Peining has repeatedly stated on the phone earlier that he will provide protection so that MIGA Fund does not have to worry.
Maybe Ashan went abroad for vacation.
Kong Yu licked his lips and did not continue the topic.
He was silent for a while and said: "In the past two days, some fund managers have been talking about Yike's stock price."
Yike's stock price rose to a maximum of 753.6 US dollars, and fell back to 450 US dollars as soon as the settlement options news came out. It has continued to fall in the past few days, and is now 139.25 US dollars.
Before the temporary press conference, Yike’s stock price was US$89.67, and it is still 1.55 times.
During the financial crisis, Yike fell along with the market and has been rebounding in the first quarter. Is the current price of 139 the normal price that it should rebound to or is it the afterglow of a short squeeze?
Some fund managers from small institutions insist that it is the latter, and believe that it will continue to fall below $100. "It is better not to suppress our stock price now." Kong Yu believes that this is not conducive to subsequent development.
"Well, I'm watching the news from Goldman Sachs, these small and medium-sized institutions..." Fang Zhuo is handling work in Shanghai these days, while also paying attention to the signals released by large institutions, and even thinks that these small and medium-sized institutions may be
From Goldman Sachs their driving temptation.
He thought for a while and asked: "Mr. Kong, you are on the front line in New York. What do you think of my reputation now?" Although Fang Zhuo has a smooth network, he is still separated by an ocean.
"Mr. Fang, although you have no new news these days, everyone is still talking about it. I feel that the organization is still afraid of you." Kong Yu said his true feelings.
"Then let me try it and see if there is any residual power." Fang Zhuo said with a smile.
There is a lot of daily work, and Twitter has not been patrolling recently. Since Mr. Kong has sent instructions, let’s give it a try. Two o’clock in the morning in Shanghai is one o’clock in the afternoon in New York, and the Nasdaq is still open.
Fang Zhuo logged into Twitter and briefly searched for news related to Yike Bubble.
Then, he selected a repost with a relatively recent date and a lot of comments, and simply gave a response and put a question mark.
--Fang Zhuo:?
The mysterious man reappeared on Twitter, and his first post was related to the Yike bubble. Although it was not as popular as before, it quickly attracted onlookers.
Just as everyone was speculating on Mr. Fang's intentions, Yike's official website announced a message that the stock repurchase entrusted to Goldman Sachs has not been suspended, and it will continue to actively safeguard the interests of shareholders.
In just ten minutes, Goldman Sachs, who received the notice from Yike, was still asking questions in his mind while fulfilling his employer's wishes and continuing to take orders to repurchase shares.
Just over a week has passed since the Yike short squeeze. This is a week that many people are recalling and pondering, and it is also a week of silent reflection and pain for many institutions.
With Mr. Fang's question mark and as Yike Company continued to buy back, the pain and madness seemed to have returned. Retail investors remembered the name of the "King of Retail Investors", their passion was rekindled, and they poured into the stock market one after another.
Yike's stock, which had been falling recently, suddenly and unexpectedly rose a small amount in the afternoon, closing at $146.8.
Such abnormal performance quickly triggered the stress response of small and medium-sized institutions, quickly reminding them of the YIKE stock price chart during those three dark days. Some people thought of the days when Shanghai was a walking dead, and some people thought of jumping from the building.
A friend who went down.
The rooftop is too high and the wind is too cold.
Forget it, forget it, stop playing, stop playing!
The water here is deep. You big institutions should continue to play. We are looking for other prey. The secondary market of Yike is too bizarre, too irrational, and too risky!
Scary, let’s go!
That night, many small and medium-sized institutions that had emerged on Twitter invariably returned to silence, and some bluntly stated that they could not understand the Yike market and were not familiar with the mobile phone industry, so they should mainly wait and see.
Paulson, who has been active recently, saw Mr. Fang online and immediately shouted on Twitter: Yike Company has no more means, Fang Zhuo's stocks are locked up, the ITC's final ruling is about to come down, these irrational retail investors will
Backfired by themselves!
However, the small and medium-sized institutions that had actively interacted with him before were silent, and only a few responded. Most of them did not want to get involved in Yike's muddy waters anymore, and did not want to be ganged up by irrational retail investors to drive up the stock price, causing huge losses.
Judging from the recent situation, emerging media platforms seem to have given retail investors more irrationality and easier to be coerced, and the mysterious man seems to have some experience in this.
When Paulson saw this situation, he directly @Fang Zhuo, the party involved: YIKE will fall as soon as the ITC ruling comes.
Fang Zhuo typed a few words on his mobile phone, "Paulson, remember to apply for a visa this time." But it felt inappropriate, so he deleted all the words and no longer responded to the short-selling king, leaving only the concise tweet.
question mark.
It’s useless to apply for a visa this time, so don’t worry about “guaranteeing your confidence”.
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This chapter has been completed!