In the storm in the financial sector of the U.S. stock market, Bear Stearns was not the only company to be unlucky. Fannie Mae, Merrill Lynch, and Lehman Brothers were also targeted by Wei Qingfan, and they all suffered heavy losses during this period.
He first divided the funds from various previous procedures clearly, and then divided the funds into two parts, one part to short the U.S. stock market index, and the other part to short Lehman Brothers.
Affected by the subprime mortgage crisis, the company's stock price fell to $30 in early March, but quickly rose back to $50 in mid-March.
In the following two months, Lehman Brothers' stock price fell and rose, and by the time May entered, it was still firm at around $50.
Then it started to plummet.
On June 16, Lehman Brothers released its financial report. The company suffered a loss of US$2.87 billion in the second quarter, its first loss since its listing in 1994. After the financial report was released, the company's stock price plunged by US$20.
On September 10, Lehman Brothers released its third-quarter financial report ahead of schedule, with losses reaching US$3.9 billion;
On September 15, after the U.S. Department of the Treasury, Bank of America, and the British Barclays Imprint Corporation successively gave up on acquisition negotiations, Lehman Brothers announced that it had filed for bankruptcy.
On September 29, the U.S. House of Representatives rejected the US$700 billion bailout bill. On that day, the Dow Jones Industrial Average plummeted 777 points, the largest point drop in history.
On November 21, the U.S. Dow Jones Industrial Average fell to its lowest point of the year at 7,450.34. It then rose slowly, fluctuated and fell again in 2009, and fell to its all-time low of 6,440 points on March 6.
A year ago, when Wei Qingfan went short, the number was 12,360, a drop of more than 47%!
He didn't remember the specific data, but he was very clear about this time point. Therefore, although he failed to grasp the lowest point, he still gained about 45%.
Adding three times the leverage, that’s a 135% rate of return!
After short-selling by Lehman Brothers, Wei Qingfan's funds have exceeded US$40 million. After short-selling on the US stock market again, it has reached an astonishing US$100 million!
What is a pity is that the exchange rate for the U.S. dollar was 7.5 at the beginning, but now that he wants to exchange it back, the exchange rate has dropped to 6.83, and he has been severely cut off.
Fortunately, even so, the funds in his hands reached 690 million!
This far exceeded his expectations, even more than double.
What is the concept of this money?
In 2008, Yuan County had a population of one million and annual fiscal revenue of 130 million yuan...
Considering that he had to buy stocks next, Wei Qingfan did not exchange all of them and kept US$10 million to buy stocks and currencies at the bottom.
——In November 2008, Satoshi Nakamoto proposed the concept of Bitcoin, which was officially born in January this year.
He exchanged 90 million U.S. dollars, which was more than 600 million yuan. For this huge sum of money, he even took a leave of absence from school and flew to New York.
Fortunately, there was no surprise or danger, no accidents occurred, and we returned to the country safely and safely.
Then came another round of bank sales, and Wei Qingfan made the usual threat of "if you bother me again, I will take all your money and deposit it elsewhere."
He was originally worried that there would be an investigation into "the origin of huge assets with unknown origins," but that did not happen.
At this point, Wei Qingfan finally relaxed and started preparing to open a company.
The reason why I postponed it until now is to wait for Google's action.
In November 2007, Google showed the Android system to the outside world. This was probably because Apple's iPhone had achieved success that exceeded most people's expectations;
Nearly a year later, in September 2008, Google finally officially released Android 1.0 system;
On September 23, Google officially released its first smartphone equipped with Android system: Google G1.
This mobile phone is manufactured by HTC Electronics and is equipped with a Qualcomm 7201 processor clocked at 528MHz. It has a large 3.17-inch 480x320 resolution screen, 192M of running memory, 256M of storage, and a 3.2-megapixel camera.
However, Android 1.0 does not support virtual keyboards, so while it has a large screen, it also has a physical keyboard.
In today's era, the iPhone is the pioneer and forerunner, but other companies have not been able to clarify the choice between virtual keyboard and physical keyboard. Not only Google, most of the smartphones of other companies during this period have physical keyboards.
Such a mobile phone obviously cannot compete with the second-generation iPhone 3G.
In a sense, it will be beaten by the iPhone 3G in all aspects;
If there are no surprises, iPhone 3Gs will be released at Apple's WWDC2009 conference on June 8.
According to Wei Qingfan's memory, there is a high probability that this mobile phone will be usable, but what he is looking forward to more is actually a domestic smartphone:
A legend in the history of domestic smartphones, it can definitely be called the Meizu M8 that was at its peak when it debuted!
This mobile phone went on sale on February 18 this year, but... Wei Qingfan didn't get it!
Fortunately, he had money after all and did not wait too long. Before the May Day holiday, he finally succeeded in buying a black 8G version M8;
He got it through Huang Sheng (an executive of "Zhongfu Telecommunications" in Chapter 248). He took a taxi there in the afternoon, took the phone with great interest, and couldn't wait to open it when he got back to the dormitory.
This Meizu's first smartphone, to some extent, can also be said to be China's first smartphone. It is equipped with a 667MHz clocked Samsung S3C6410 processor, has a 3.4-inch 480×720 pixel screen, and supports the same iPhone
Multi-touch, there is a 320-pixel camera in the upper left corner of the back.
When the M8 was developed, the Android system was not yet available, so Meizu used Microsoft Windows ymobile operating system.
During this process, Meizu approached Microsoft for cooperation, but the other party refused. So without any cooperation from Microsoft, the engineers put this system on the mobile phone that was not made for mobile phones, and did it.
It's almost as good as the iPhone.
This has also made Meizu M8 an unprecedented success. It has been in the limelight for a while, not only in the domestic market, but also in the international market. It has also received huge popularity and market feedback.
Then……
After discovering the threat posed by the Meizu M8, Apple took Meizu to court and won the lawsuit. Meizu was banned from producing and selling the M8.
It is this same mobile phone that made Lei Jun set his sights on the domestic mobile phone market. It seems that he will visit Meizu this year.
Lei Jun's first goal was to invest in Meizu, but he failed to reach an agreement with Huang Carpenter, so he turned to "asking for advice on how to make a mobile phone."
Frankly speaking, based on Wei Qingfan's personal evaluation, Carpenter is certainly a good carpenter, but he is not a good company leader. Although Meizu regarded Xiaomi as its biggest rival for a long time after Xiaomi started pouting, the two of them The vision pattern is not on the same level at all.
From the peak of Meizu's debut to a small factory in Zhuhai, and then to its acquisition, Carpenter Huang "takes all the credit" and basically made all the major decisions wrong.
Wei Qingfan knew this, but it did not affect his excitement and enthusiasm after getting the M8.
Domestic mobile phones, or in other words, all smartphones started and developed by imitating the iPhone, but there are not many that can achieve the level of refinement like the M8, even in later generations.
This is probably also a factor in the success and ban of M8.
"Meizu M8?"
While he was playing with his mobile phone, Li Yuchen, another digital enthusiast in the dormitory, came over and asked in surprise and excitement, "Where did you buy it?"
"An elder sells mobile phones..."
Wei Qingfan explained, then handed the phone to Li Yuchen and asked, "Where is Wang Jing?"
"I don't know, I came back on my own."
It was already the second semester of sophomore year, and the four people in the dormitory had already completed the initial adjustment, and were familiar with each other's personalities and rhythm of life.
The four of them can be roughly divided into two groups. Wei Qingfan and Ma Teng belong to the "academic group". To put it simply, the place they go to most often is the library, especially Ma Teng. If you draw a life trajectory for him, it is basically the dormitory. , the teaching building, library, and canteen rarely participate in entertainment activities.
Wang Jing and Li Yuchen, on the other hand, have a more active and "ordinary" university life. Studying is inevitable, but there are also many social and entertainment activities.
Wei Qingfan is somewhere in between. He often goes to the library, but not necessarily to the library of his school. Especially on weekends, he rarely sees anyone. He either spends time with his girlfriend or studies with her. In short, I won’t accompany my roommates.
Unless there are other classmates or seniors in the activity - over the past two years, other people in the dormitory have probably figured out a pattern, that is, Wei Qingfan is very "powerful".
Whoever has good grades will be more enthusiastic towards that person, regardless of others.
As long as your grades are good, even if you ignore him, he will still chat with you for a long time.
And if your grades are not good, of course he won't ignore you if you approach him, but he will never take the initiative like he does with top students.
Jiang Qinghuai once ridiculed him and said that he was "in love with scores."
Of course, Jiang Qinghuai is an undisputed and naturally recognized class beauty and school beauty without any selection. Even if someone is bored and chooses the school beauty, Jiang Qinghuai will definitely be a strong contender. She is also a top student herself.
It's the fourth semester since school started, and she has already received scholarships for three semesters. If Wei Qingfan is really a "score lover," then she undoubtedly has the ability to attract him.
In the past two years, countless suitors have emerged around her, one after another like waves, and they were all beaten to death by her on the beach.
Of course, there were also rich children such as the second generation of rich people, but she didn't seem to be satisfied and still firmly refused.
Wei Qingfan felt that he vaguely saw the scene where she was going on a blind date when she was almost thirty years old...
Li Yuchen played with it for a while and asked a little enviously: "How much does it cost?"
"Original price."
"So cool..."
Li Yuchen was envious for a while, but he didn't mention buying it. He just bought a laptop this year and had a girlfriend. His living expenses were tight and he couldn't afford to spend more than 2,000 yuan on a mobile phone.
Wei Qingfan didn't care about his feelings. After getting it, he didn't care so much. It was just a mobile phone, not a girlfriend.
"When you finish reading it, put it in the box for me and I'll go out."
He simply packed his things, then carried his bag and his Nokia and went out.
"You don't have to?"
Li Yuchen was a little surprised, "Where are you going?"
"Beida."
Wei Qingfan responded, waved again, put on his headphones and left the dormitory.
After leaving the dormitory area, I saw Jiang Qinghuai walking towards him under the setting sun.
At this time, it was April weather. She was wearing black trousers and a purple jacket, carrying the same green backpack she had when she entered the school two years ago. She still had short hair. She seemed to have seen him coming from a distance, and her pure and refined face showed her sweetness.
He smiled and waved gently.
Then he stood still some distance away, staring at him with his cool and clear eyes, slightly raising his chin, as if he wanted to settle a score with him.
"what?"
Seeing her gesture, Wei Qingfan stopped in front of her a little funny, "Robbery?"
Jiang Qinghuai looked at him, pursed his lips and smiled, saying: "Yes, robbing wealth for robbing sex."
After two years of getting along, the two of them didn't interact much in the classroom on weekdays, but they became more and more casual in their private interactions. Wei Qingfan didn't notice anyone else, and said with a smile: "I don't want to rob money, but I welcome robbed sex."