Chapter 349 Hunting
At this time, Wall Street, as well as Internet technology companies in Silicon Valley, were watching Double Click's diving performance.
Creamer "followed his word" and with just one order, an Internet company whose market value rose to US$2.8 billion, saw its stock price drop from US$19 to US$9, and then to US$5.
!
Double Click's stock price rose from US$4 to US$19, and its market value exceeded US$2.8 billion. But on this day, it was all gone.
When the Nasdaq closed, Creamer shouted again, threatening to give Double Click Company one week. In short, within one week, if Double Click Company could not meet his requirements and pay huge dividends, Song Yang and
If Whitman and other executives leave Double Click, he will continue to short Double Click!
According to the requirements of America Federal Securities, if the stock price falls below $1, it will be warned and forced to delist.
Previously, the outside world was somewhat dismissive of Creamer's threat to delist DoubleClick, thinking he was speaking harshly.
But now, in just one day, Creamer has wiped out Double Click's $2.1 billion market value. Even tens of millions of dollars in buybacks still cannot stop Creamer's threat.
Internet companies that are in full swing feel like a bucket of cold water has been poured on them after Double Click's stock price plummeted. If Creamer really lets Double Click's stock price languish for a period of time, then Double Click may really be delisted.
of!
When Double Tap faced Creamer, he was so "vulnerable". Although there were many Wall Street institutions behind this, they were defeated like this. Both Wall Street and the technology companies in Silicon Valley were caught off guard.
There is a gloomy atmosphere in Double Click Company in Houston and New York at the moment. The management is sitting in the office. Just refresh the web page. On Yahoo, AOL, Netscape and other websites, negative news about Double Click Company will appear, as well as various
Alarmist headlines.
"Double click is only one week away from delisting!"
Even the sister company, the newly launched portal of icq, published this news on the home page. I don’t know if the editors of icq did not review it, or they deliberately made it lively. Anyway, this title appeared openly on the home page of the icq portal.
The phone rang from time to time, mostly from the media and reporters who wanted to come for interviews. The senior executives of Double Click Company also looked in the direction of the department managers and directors' offices from time to time. But until it got dark, the executives of Double Click Company were all
There is no movement. Song Yang, Whitman, Lane and other figures who decided the fate of Double Click Company are also playing high cards and are collectively hiding.
The lack of movement from the board of directors and co-presidents of Double Click has caused a pessimistic atmosphere to spread within Double Click, and media reports have been overwhelming.
The media in the Internet, technology, finance, financial and other industries are all reporting on Creamer's battle with Double Click, and it is very likely to overwhelm Double Click's news.
Even several other major shareholders of Double Click Company, as well as several companies closely related to Song Yang, whether it was a coincidence or man-made, WPP Group, Yahoo, Enron, Telephone and Telegraph Group, etc., all expressed their opinions at the end of the trading day.
fell.
This was not a big deal originally. After all, it is normal for stock prices to rise and fall. But at this juncture, everything will be magnified several times!
There are endless rumors that if a company is double-clicked at a time, it may be delisted, or even bring down Yahoo, Enron and other companies.
More importantly, shortly after the Nasdaq closed, some people began to appear, as investors of Double Click Company, and began to publicly shout in the media, asking Song Yang, Whitman and others to leave Double Click Company and satisfy themselves.
Creamer's request is to prevent Double Click from being delisted. Otherwise, once Double Click is delisted, investors will start a class action lawsuit against Song Yang and other major shareholders for fraud.
In just one day, things started to get chaotic. When Double Click had just gained the upper hand against the Trade Commission in the New York court, the media in New York and Wall Street were praising Double Click. They even ranked Song Yang in the technology industry.
Number one on the power list.
But now, the attitude of the media has changed 180 degrees, and they have criticized Song Yang, Whitman and others for their inaction, which has brought Double Click to where it is now.
As for Creamer, there is naturally a lot of praise. The Wall Street Journal, the New York Times and other media have put Creamer's photo on the home page, and TV news has also reported various things about Creamer.
News and opinions.
Every word he said casually would be analyzed by various experts and the media for a long time to study the meaning of Creamer's words.
As for the prediction that Creamer's hedge fund will reach the level of Soros's Quantum Fund and Carl Icahn's Icahn Company, no one doubts it. Everyone thinks that Creamer will be the next to shake things up on Wall Street.
The presence!
In a luxury hotel apartment in New York, the lights are bustling with entertainment, and a large group of young models and stars are walking through it.
In the middle of the hotel apartment, a man was standing in the middle of the room, holding a wine glass and scolding Fang Qiu. There were a group of people standing around, all looking at the man like believers.
Sabrina, who was in the hotel at the moment, was a young model who had participated in many top parties in New York. She had seen this group of "believers" and was surprised by the attitude of the men in the middle.
She knew, however, that many of these "believers" were big shots in New York, and at last they were very wealthy people. Among them, the man who always wore a straw-brimmed hat and looked like a farmer, but around New York
, owns a farm of nearly 100 acres.
Being able to own such a farm near the Big Apple City, where land is at a premium, is a man’s accumulation over several generations. With this farm, he can enter New York’s upper class even if he is lying down!
There were several other characters, and Abner recognized one of them, a tall man who looked like a white bear. He was the main player of the New York Rangers in the NHL Hockey League.
Elena had seen this man on TV. He played the role of a thug on the court, challenging each other several times in each game. The extremely fierce big white bear on the ice hockey rink was listening intently at the moment.
The man holding the wine glass spoke with excitement on his face from time to time.
Creamer took a sip of wine. The spicy wine stimulated Creamer's nerves and made him even more excited.
The plan went as smoothly as expected. The resistance from Double Click Company was like paper, which was broken by his gentle poke.
Some of the people present today are heads of hedge institutions on Wall Street who were short-selling with Creamer, and some are clients of Creamer's hedge fund. He wants these people to know today's results.
It is also to allow them to better cooperate with their plans. If Double Click Company does not want to delist, it can only increase the stock price. But in the face of the current situation, Creamer does not think that Double Click Company has the power to fight back. Next
They can only be harvested by Creamer like leeks!
“Today is just the beginning, tomorrow we will let Double Click’s stock price officially drop to one dollar!
Today, Creamer’s hedge fund’s return exceeded 36%, and its profit exceeded $170 million!”
Creamer revealed today's revenue to a group of clients, which was close to 200 million U.S. dollars. The eyes of everyone present, including the models, began to change when they looked at Creamer.
Straw hat farmers, hockey players and many other people who invested in Creamer's hedge fund just did a simple calculation and realized that they had made more than 15% today. This is more money than money in the bank, or what?
Investing can lead to huge profits, and some people even regret that they invested too little, otherwise they would have made millions of dollars in one day.
There are many people with twinkling eyes, obviously wanting to find Creamer and make another investment. Not to mention these people, just looking at the eyes of the models and starlets around them, you can tell that even they are a little jealous.
.
Short selling is indeed a huge profit, not to mention that Creamer has added leverage. As long as the stock price drops by double-clicking, you can get doubled profits.
Creamer arranged a plan for a group of Wall Street hedge fund managers and his clients, that is, to continue short selling tomorrow, forcing Double Click to save the stock price with real money, and let them continue to cut leeks.
"Now, let us enjoy this moment. When this plan is over, I hope you will drive your truck to Creamer Hedge Fund and collect your beautiful knife!"
Creamer raised his wine glass high and said to the people in the hotel apartment. Then he picked up a large knife and threw it at the model and star. Suddenly, the knife was flying in the room, and it became even more intoxicated.
"Do you think Creamer can win this time?!"
In a mansion in New York, Carl Icahn is sitting with his "old partner" Michael Milken, the junk bond king. In the early years of Carl Icahn's dominance on Wall Street, Milken had a crush on Carl Icahn.
Very helpful.
When fighting against Phillips Petroleum, the latter had huge cash reserves to fight against Carl Icahn's hostile takeover. As a result, the junk bond king raised huge amounts of money for Carl Icahn. Milken was an expert at making money.
In the 1990s, 93 billion US dollars were raised through junk bonds, with an average of 10 billion US dollars every year. Milken's intervention allowed Carl Icahn to defeat all competitions and oust Philip.
Oil is in the pocket.
The two cooperated tacitly. Milken was responsible for issuing junk bonds to raise money, and Carl Icahn was responsible for investment acquisitions. Both of them made a lot of money, but they were cheated by Milken. What happened to the investors who bought those junk bonds?
In this way, we don’t know. Anyway, the American knife has already reached the pockets of Carl Icahn, Milken and others.
However, if you walk too much at night, you will always encounter ghosts. After the golden age of junk bonds passed, Milken also fell into trouble. After being arrested, he was sentenced to ten years and fined Milken $1.1 billion, but he had the ability to make money.
"After only one year in federal prison, and after the limelight faded, Milken was immediately released. After he was released, he was still a billionaire in America.
Now Carl Icahn and Milken are still very close. Although Milken is banned from playing junk bonds, Milken's connections and relationships are still there, and his theory of making money is still prevalent on Wall Street.
One of Wall Street's most influential figures, he just can't appear on stage anymore.
Hearing Carl Icahn's words, Milken, who was just fifty years old this year but had already lived a retirement life ahead of schedule, shook his head and said that he didn't know. Watching the famous Creamer on TV, Milken couldn't help but think of him.
It reflects the scene of being sought after by everyone back then.
Chapter completed!