Chapter 456 Goldman Sachs: You made me lose so completely (4k)
August 14, Goldman Sachs.
John Waldron returned to the United States from Yanjing. He sat face to face with David Solomon in a conference room, surrounded by several senior partners, passing a few pages among themselves.
"The information George sent back is very important."
David Solomon laughed loudly, "Huaxia Lu is preparing to sell high and buy hundreds of stocks low, which is exactly what we thought."
"David, you did a great job in arranging George to lurk, so it's hard for me to imagine how you could agree to bet with Huaxia Land. The bet is Penguin's pricing power. This is too hasty!"
The Jewish partner with the hooked nose frowned.
"This can't all be blamed on David. Who among us could have imagined that Baidu could start like this? Yes!"
John Waldron argued for his old partner, looked around, his dissatisfied objections gradually subsided, and then asked:
“What is the price of Penguin’s new stock issue?”
"$50.5, the market responded enthusiastically, and the inquiry results were surprisingly good, because with Baidu's success, it is possible to support..."
Not only did David Solomon have no joy on his face, his expression became more and more gloomy.
"I think this IPO is quite reasonable. The United States has always worshiped technology heroes, especially Lu, who is one of the top richest people. Although he is Chinese, the real money in the market will prove everything."
John Waldron smacked his lips and said, "Actually, the key to the problem is this Dutch auction method."
"That's right!"
“fuxk, it reduced our commission by 4 points!”
One by one of the partners present, their faces were ugly, as if they were eggplants beaten by frost, black and purple.
The higher the IPO, the less the investment banks will earn. What the heck, the opportunities for investment banks to operate in secret are pitiful, and a lot of intermediate handling fees will be reduced. The commission that Goldman Sachs can get is from the standard 7%.
dropped directly to 3%.
Once upon a time, all listed companies begged me, Goldman Sachs, but now Google bullies me, why the hell is a Chinese Penguin bullying me too?
"We can't go to Penguin for this account, so we go to Huaxia Land!" David Solomon knocked on the table. "George's information is very clear. He wants to continue to be long in gold."
“Are we still going to be short?”
The Jewish partners and others looked at each other, more or less full of doubts in their hearts. In the end, the gold war will take out the Federal Reserve, or will it fail miserably and retreat, or will it come again?
David Solomon said with a straight face: "The first defeat was the result of many unpredictable factors. We did not have any operational problems. Now, the terrorist attack crisis in England has been lifted, which represents the fight against 'terror'."
Related gold demand will also fall."
"And don't forget, Goldman Sachs has about 60 million contracts for delivery in August and September. Even if the gold price remains unchanged at today's $564.3 per ounce, the loss will exceed $400 million."
John Waldron had a murderous look in his eyes: "Whether it's a better stop loss or a profit, we have to bring the gold price back below $450!"
As soon as these words came out, the partners became more cautious, and each one fell into a long period of thinking and weighing. The whole room was quiet, and a pindrop could be heard, but no one was the first to stand up.
"Of course, it wasn't just John and I's idea."
David Solomon seemed to have expected such a scene, and said in a serious tone: "It was also the suggestion of Green and other 'hawkish' friends of the Federal Reserve. Everyone understands that now is a critical moment for financial innovation in America. We
We need to find ways to help the government keep money on Wall Street and use financial derivatives such as CDOs to move the money. If hot money is allowed to flow into gold..."
"I agree!"
After careful consideration, the Jewish partner finally said that gold is the enemy of the U.S. dollar. A large amount of money flowing from Wall Street to gold will severely undermine the confidence of the American financial market and even cause catastrophic inflation.
"I'm OK."
"me too."
The partners raised their hands and voted in favor. Just as they were about to enter the next step and deploy the plan for the second gold short sale, the secretary who was sitting in the corner silently recording suddenly received a text message on his mobile phone. His expression suddenly changed and he calmly said:
Forwarded to John Waldron.
"Wait a minute, everyone, I think we plan to talk about it another day?"
He clapped his hands together with a smile on his face, relaxed and calm.
David Solomon was startled, and like everyone present, all eyes immediately turned to him, with surprise and suspicion. However, in the corner of his eye, he saw the secretary keep giving him looks, and an ominous premonition suddenly came to his mind.
"David, what do you think?"
John Waldron looked sideways.
"That's right, let's talk another day!"
David Solomon looked at him and immediately changed his mind. After a lot of talking, he invited the partners out. Soon, there were only three of them left in the huge conference room.
Then he asked: "What happened?"
"David, there was a plane crash on a flight."
John Waldron had mixed emotions.
"What? Air crash!!"
David Solomon couldn't believe his ears, it was like a bolt from the blue.
………
"Helios Flight 522 was flying from Larnaca International Airport in Cyprus to Athens International Airport in Greece. This was originally a short 2-hour flight, but a bizarre and bizarre crash occurred.
The co-pilot in the cockpit fell on the dashboard, but the captain who was driving the plane was nowhere to be seen. Without a pilot, this ghost-like and strange plane kept circling in the sky over Athens,
Until the fuel ran out and crashed and caught fire..."
(ps: it really happened).
The TV was urgently reporting on the "bizarre crash of Helios Flight 522." Although David Solomon and John Waldron already knew about it, their eyes were still wide open with expressions of disbelief on their faces.
"David, precious metals are bound to rise sharply."
John Waldron pursed his lips. Although he was very reluctant, he had to face reality.
"Don't panic, it's just a coincidence, just a coincidence..."
David Solomon waved his arms angrily and shouted with a red face: "Brother! Why does God always stand behind a Chinese? Why! We are the Jews. God has chosen us to be the masters of the world. He should not stand behind us."
Over here!"
At this moment, the landline phones and mobile phones on the table rang almost at the same time, including the secretary's. The calls were all from the partners who had just been "sent away".
They were not incompetent. They were all well-informed. They learned the news of the plane crash sooner or later. They launched an attack one by one and even overturned the previous vote and voted against it.
"The air crash is just an emergency and will only affect the gold price temporarily. We only have to wait a week or two."
"Be patient, buddy, we will pick a suitable time to implement our plan, don't worry."
"Two weeks, just give me two weeks, I promise!"
"..."
The two were exhausted, just like eating flies, and were forced to compromise. If they did not implement the short-selling plan within two weeks, they would have to terminate it completely.
One day, two days...
Following the plane crash, more and more investors poured into gold as a safe-haven asset, pushing the price of gold soaring. The price of gold rushed from the mark of 560 US dollars per ounce to 600 US dollars in a week, reaching a maximum of 611.9 US dollars.
But it quickly fell back.
By the second week, as David Solomon expected, the international gold price had a faint tendency to decline amid the shock due to the lack of motivation to boost the upward trend.
However, man’s calculation is not as good as God’s calculation.
The Jewish God is on Mr. Lu’s side again!
“Hurricane Katrina made landfall in Florida on August 23, and at dawn on August 25, it made landfall on the coast of New Orleans on the Gulf Coast with wind speeds of 233 kilometers per hour.
When the hurricane made landfall, heavy rains poured down, and the city's drainage system, power supply and roads were completely paralyzed. The precipitation brought by the hurricane caused the flood levees in New Orleans to burst, seawater poured back into the city, and the city was flooded with ocean..." (ps: It's also true.
)
"Mother fuck! Why!"
David Solomon's eyes were about to burst. His dream of making money by lowering the price of gold was once again ruined. He was so angry that he shouted helplessly into the air:
"why why why!!"
He is moving, John Waldron is still, his face is so gloomy that it can drip with water, his hands are crossed and resting on his chin, his eyes are staring straight at the host on the TV——
"So far, a total of 26 tropical storms have formed in the Atlantic Ocean, 14 of which gradually intensified and eventually became hurricanes. This time, Katrina is the most terrifying, with a power equivalent to a 10-megaton nuclear bomb, and is hitting the south.
Zhuzhou..."
"boom!"
David Solomon picked up the cup and smashed it hard.
In an instant, the cup shattered into a pile of glass shards and flew out. A crack appeared on the TV screen, followed by several blurry vertical stripes.
The secretary was so frightened that he shrank his head.
“Today is the final delivery day, right?”
John Waldron ignored it directly and spoke in a gloomy tone.
The secretary hesitated and said: "No, that's right."
"Cut the position!"
John Waldron puts it bluntly.
"Sell positions?"
David Solomon regained some sense in his anger, blew his beard and glared: "Do you know how much Goldman Sachs will lose if you do this?"
John Waldron said: "If you don't do this, your losses will only increase. David, you should know better than me!"
David Solomon clearly knows that cutting off positions is the right decision, but he can't stop talking about it. Five or six billion US dollars is just a short order for eight or nine months, and there is also a 2006 contract with Mr. Lu as a bet. According to the current situation, the price of gold
It is not a problem to break through 700 US dollars by the end of the year, and it is very likely to reach 800 US dollars next year.
In just one year, it has doubled!
Goldman Sachs may have to lose billions of dollars!
John Waldron said: "David, I have carefully reviewed the entire short sale during this period. Do you think Huaxia Land could have anticipated this situation when it set up a trap to lure us?"
"No one can predict the terror, air crashes and hurricanes. The only one who can do it is God, John."
David Solomon shook his head repeatedly and gritted his teeth: "But in the final analysis, Huaxia Lu is not Satan, but also the devil. He actually made us lose so miserably! How is he going to repay this debt!"
"An eye for an eye, a tooth for a tooth, a hand for a hand, a foot for a foot." John Waldron had a fierce look in his eyes.
"That, that..."
The secretary couldn't help interrupting and secretly said that Penguin would start negotiations with Sequoia and them again on the issuance price of new shares.
"Um?!"
John Waldron was stunned, "Didn't it already be settled last time at $50.50 per share?"
"Huaxia Lu and the others think it's a bit low."
The secretary weakly conveyed: "The market reaction is quite strong, and they are going to play a big game this time."
"Big? Haha, how big is it? Google's issuance price is only 85 US dollars. How can it be so big?"
David Solomon smiled coldly, "These guys are so inflated that they have to temporarily raise the price just a few days before they go on sale."
………
David Solomon stayed at Goldman Sachs to carry out the "liquidation" order, while John Waldron and others cursed and came to the hotel not far from the New York Stock Exchange, where Penguin's temporary "command center" was built.
When they entered the conference room, as they expected, the people from Sequoia had already arrived, and they had obviously had a quarrel with Penguin, refusing to give in to each other.
"Ah, you are here."
Lu Fei had a smile on his harmless face and pointed to the empty seat opposite.
"66.6 US dollars? Lu, Ayo Kui!"
John Waldron was already holding back a lot of anger, but the moment he saw him, anger surged into his heart.
"calm down."
Lu Fei's tone was calm, "We in China have always been very sensitive to numbers. We always like to use '6' or '8' at certain moments. 66.6 is also for good luck."
"If possible, do you still want to achieve 88.8?"
John Waldron frowned, his face full of displeasure.
Lu Huateng, Zeng Liqing and others looked at each other, and they couldn't help but feel suspicious. Looking at their faces, why did they feel like they owed them one billion or eighty million?
"Ahem!"
Liu Chiping cleared his throat. He was recruited by Lu Fei and Lu Huateng a little later. He was also among the group of people who got the incentive options. Changing the issue price to "66.6" was because he followed Mr. Lu's wishes and was in line with him.
Personal interests are now desperately bragging to underwriters about the correctness of this move.
"In the direction of Internet social networking, although ICQ and MSN are pioneers, today we are the undoubted global leader. We are the first company to go public with instant messaging as its core business, and we have brands that are no less than Baidu.
Search engine - Sogou, and social networking site popular in Southeast Asia - Line..."
No matter it is China, or netizens and companies around the world, they cannot do without our products! As "The World is Flat" said..."
"Wait a minute, "The World is Flat" seems to have been written by you, right? Lu!" John Waldron's mouth couldn't help but twitch.
"Isn't it right?"
Lu Fei blinked his eyes, looking particularly innocent.
"..."
John Waldron thought it made so much sense that he was speechless. After all, it was a masterpiece that continuously topped the best-selling list in the United States.
Sequoia Capital still refuses to let go, because generally companies with too high issue prices are either very strong, or they will end up losing their wives and losing their troops in the end. Penguin should be steady and steady.
"Everyone will rush to buy the $66.6 dollar, so don't worry." Lu Huateng said helpfully.
"Indeed, but by doing this, you have broken the rules of Wall Street!"
John Waldron said sternly, generally speaking, IPO pricing is finalized after the road show based on feedback from investment banks and investors.
But Penguin disagrees, leaving Goldman Sachs over and over again. It is so rude for such a strong company. As the big brother of Wall Street, Goldman Sachs must show some shame!
We also need to gain some face from the short selling of gold!
"That's right! And it's not the first time!"
Sequoia representatives also rarely sided with Goldman Sachs. Capital once again united for the sake of Wall Street tradition.
"If Penguin insists on doing this, we will advise our clients to be cautious about your stock."
After John Waldron finished speaking, he glanced at Lu Fei. The guy's face was still calm and calm, and he was not afraid of the threat at all. He gritted his teeth and decided to strike harder——
Goldman Sachs is withdrawing from Penguin’s IPO project!
However, before he could say anything, he was abruptly interrupted by Lu Fei. He suddenly stood up and said apologetically: "Sorry, everyone, I have to excuse you."
It's serious!
John Waldron frowned and said angrily: "Lu, now is the most critical moment for Penguin to go public. You should sit down and discuss the IPO with us now, and then go to the reception and banquet we arranged to recommend stocks. If there is no reasonable reason
reason……"
"I'm going to meet Gates and Buffett, Saori~"
Lu Fei said lightly.
"Um!!"
Lu Huateng, Zeng Liqing and other penguin generals cast their gazes one after another, admiration, admiration, envy, admiration, shock, all kinds of emotions intertwined together.
The capital side on the opposite side had various and intriguing expressions. The representatives of Sequoia were really forgetful. They had forgotten the previous fuss and immediately made a decision to support the issue price of US$66.6, or even a little higher.
"Is it reasonable?"
Lu Fei looked at John Waldron and spread his hands.
"Haha, very reasonable."
He obviously had a flexible bottom line, and smiled awkwardly but politely: "Lu, we will discuss this meeting with your subordinates. You can go as soon as possible."
Looking at Mr. Lu who was sent out with enthusiasm by everyone, Lu Huateng adjusted his glasses, his eyes burning -
As a true man, this is how it should be!
Thank you to the little monk for the 100 starting coins.
