In the study, I was drinking seafood porridge brought by the nanny.
Su Yehao was learning about the account changes, and Zheng Yongwen contacted him again.
On the other side of the phone.
Zheng Yongwen said with a smile:
"Last night I bought 710,000 Nasdaq 100 ETF put options, with a total amount of more than 280 million US dollars. Unexpectedly, I woke up this morning and found a small profit. Where are you, my subordinate told me that the transaction last night
There was congestion for two minutes, and the Nasdaq index stopped updating for more than 20 minutes. Trading was very busy. According to the New York Times, a mysterious large short order from the port city collided with other short orders, resulting in
It caused panic among investors. That large short order is yours, right?"
"...is it on the news? Wait a minute, I'm in front of the computer, searching. I did open a short position last night, with a total scale of more than 6 billion US dollars. I originally wanted to send you a text message, but then
I was so sleepy that I forgot about it and fell asleep in the car on the way home."
While speaking, Su Yehao pulled the keyboard in front of him.
I looked up the English words for the keywords "New York Times" and "NASDAQ" and found some related news through the Google search engine.
As more and more media begin to pay attention to online news business, it is much easier to find information than in the past two years.
Zheng Yongwen's voice continued, and he asked in surprise: "You built such a large short position in one night? With such frequent transactions and such a large amount, no wonder it caused panic in the market. Have you hedged it?"
Su Yehao said truthfully:
"It's not one night, it's from midnight to about one o'clock at night. To be honest, I still don't understand what the benefits of hedging are. If you only earn a few dollars, it's better to keep the money in the bank and earn interest.
Not all of my funds were used to short the Nasdaq, but also to short Amazon, AOL Time Warner, Yahoo and other companies. Trading congestion should have nothing to do with me... right?"
Hedging, the purpose of the parent order is to make a profit, and the hedging order can ensure that when investors fall off the rope, they can land as smoothly as possible and avoid the risks of single-line investment.
This method of operation has its advantages and disadvantages, and once the decision is made incorrectly, the losses will also be huge.
Although when the parent order makes a loss, the second investment's profit can compensate for the loss, but when it makes a profit, it means that there is a high probability that the other investment will suffer a loss.
With Su Yehao's character, he certainly doesn't like a form that reduces risks but often significantly reduces returns, provided he is relatively confident.
"It's hard to say how much it has to do with you, but since the name in the New York Times came from Hong Kong, I guess there are informants in the Nasdaq exchange. This news is not groundless. Maybe there were other sources when you were short selling.
The appearance of large short orders instantly caused a temporary panic in the market, and too many orders caused the system to collapse."
"..."
After listening to Zheng Yongwen's words, Su Yehao thought about what happened last night and found that this seemed to be what happened.
He had already seen the phrase "mysterious funds from Hong Kong City" in the English press release. If he further investigated the account ownership, he would probably find out sooner or later.
It would be fine to be a pure speculator, but he is also a major shareholder of companies such as Kaomoji Group and Google. As a Silicon Valley tycoon, he is optimistic about the market prospects. This approach is undoubtedly a bit deceptive.
Once the news gets out, both the shareholders of Kaoji Group and Google's financiers will probably feel uncomfortable, and there may be some trouble.
When you think about this.
Su Yehao started to have a headache. After thinking about it, he frowned and asked, "Brother Yong, how likely do you think Nasdaq is to keep my account secret for me?"
"I don't know. I only know that there is no airtight wall in the world. In addition to Nasdaq, brokers, banks, and consulting companies, all of them may leak secrets. It's just short selling, and it's not illegal. Are you still worried about being famous?"
"Well, people are afraid of being famous and pigs are afraid of being strong. It's definitely right to plan ahead for a rainy day. My emoji group fell 3.12% overnight. What do you think investors will think if they know that I have brought the market down?"
Hear the words.
Zheng Yongwen said calmly: "You are you, and a listed company is a listed company. There is no need to be afraid of this or that. It is impossible for you to stop investing after others say a few words."
"Of course, maybe I should let Yanmoji Group and Google use their idle funds to buy some short-selling private equity funds."
...
To both of them, the market was just a small drop.
Although trading was congested at night and the Nasdaq index stopped updating for more than 20 minutes, which seemed to be a sign that investors were losing confidence in the market prospects, after all, the decline was very small and there was no reaction from the outside world.
So neither Su Yehao nor Zheng Yongwen took it seriously.
Even if Su Yehao woke up and made more than 150 million US dollars, he would not dare to treat it as his own money. As long as the chips are still on the gambling table, never be happy too early.
After hanging up the phone.
Su Yehao continued to sit in front of the computer and search for his name.
In addition to some news about failed investments, the most are all kinds of tidbits. For example, when I went to New York a few days ago, I met the British actress Catherine Zeta Jones at a party. When I left, I bumped into the hotel door and just said hello to each other.
, was photographed by American paparazzi and publicized.
There is also Tianyu Entertainment. Recently, due to the continuous preparations for the filming of several TV series and movies, Jiang Yu and Nangong Tian frequently appear in the public eye, and it is inevitable that his name will be linked.
By the way, I looked at him and he looked like a proper playboy.
That night.
Nasdaq fell another 1.7%, and the market was still quiet.
Another day passed in the blink of an eye.
On Wednesday in the United States, the Nasdaq index fell further, narrowing its decline to 1.1%. It rebounded by 0.31% on Thursday, but fell again by 3.82% on Friday.
Just like boiling a frog in warm water, experts say it is a normal correction.
However, the Nasdaq has fallen by 9% this week. Su Yehao not only made back the loss last month, but also made a profit of more than 400 million US dollars.
Port City.
Saturday morning.
Su Yehao shook his legs, hummed a song, and told Jiang Yu while eating kidney pork noodles.
"I finally discovered that the stock market crash came so quietly. Those financial institutions had really good intentions in order to deceive people. I don't know how many retail investors were attracted to help them take over the market by using the excuse of a short-term correction."
He originally thought that due to the scale of the Nasdaq bubble, once it fell, it would be violent, causing the stock market to circuit breaker or fall by more than 4% or 5% in a single day.
After three days of small declines, the U.S. still pulled back slightly on Thursday.
It was not until Friday that the stock fell in heavy volume, with the intraday drop exceeding 4.4%.
Amazon fell 4.2% in one day.
America Online·Time Warner Group fell as much as 4.45%, and Yanmoji Group also fell by 1.3%.
On Tuesday, Yanmoji Group had reported to the SEC, the U.S. Securities and Exchange Commission, that it had used US$800 million in idle funds to purchase short-selling Nasdaq stocks from Fidelity Fund, Goldman Sachs Group, and Morgan Stanley.
Gram's private equity fund.
It was not a joke that Su Yehao told Zheng Yongwen to use his spare money for financial management.
At that time, I was ridiculed by several financial experts because I used my money for financial management instead of expanding my market share. I didn’t expect that the slap in the face would come so quickly.
Today, more than 80% of the top 30 Internet companies with the highest market capitalization on Nasdaq fell by more than 3%. However, due to financial management, Yanmoji Group only fell 1.8% at most during the session.
Anyway, there is no plan to privatize and delist, and there is no need to repurchase shares for the time being. Out of consideration for his own interests and the interests of shareholders, Su Yehao certainly hopes to be able to stay on his own and stabilize the stock price of Yanzi Group.
You don't need to guess to know that the retail investors of the emoji group have probably begun to praise Su Yehao for his wisdom.
After all, everyone has fallen, and if you fall less, you win.
Other companies have suffered heavy losses, but Yanwen Group has hedged part of its losses through weird fund management. No one can compare to this outrageous operation...
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