October 23, 1987, the last trading day of the week.
This day was the calmest day for the French stock market since Black Monday.
You must know that after several days of bloodbath and stimulated by a series of emergency rescue policies issued by the French government, the market has finally successfully transformed from a unilateral decline to a volatile rebound in the past two days.
Especially today, the shock trend has flattened, and not only the major investment banks have basically calmed down.
In order to save their market value, many companies that do not have major operating problems are also trying their best to issue clarification announcements or issue positive performance announcements to coordinate with the rebound in market value.
It can be said that the atmosphere in the French stock market was finally a little more optimistic on this day.
Sixty-five percent of all stocks actually rose moderately. Although the amplitude was not large, almost 1% to 3%, but compared with the fearful atmosphere of the previous few days, which made people panic as if the doomsday was coming, the market trend on this day can be said to be
The most joyful and pleasing day.
Especially retail investors, at least they can see that the decline has definitely stopped, and everyone can finally relax.
Therefore, those who still have "bullets" can finally boldly cover their positions. They will inevitably think that as long as they are willing to trade time for space, their losses in this stock market crash will be slowly recouped.
However, even on such days, there are exceptions. Two stocks, such as LVMH and Dior Clothing, are still in decline, and they are completely ready to continue the decline to the end.
In the past few days, the trends of these two stocks have declined to the extreme. Instead of having any decent rebound, they have embarked on a long bearish journey.
As soon as the market opened today, the two stocks started competing again and hit new lows.
And it's either diving or falling.
The price that was there just now will be a little lower after five or ten minutes.
Even if a slightly larger buy order appears occasionally and pulls the stock up a little, there will soon be at least double the size of the sell order and the stock price will drop. This completely gives no hope.
As a result, the patience of most retail investors holding these two stocks has been worn away, and more and more selling orders have begun to emerge.
No one knows who is deliberately suppressing the stock prices of these two stocks.
No one knows that the purpose of these people is to use this method of slow torture to force everyone to completely lose confidence in these two stocks and hand over the chips in their hands in frustration.
"Buy, buy, buy! Let's continue buying! The selling order has come out, just add a few cents lower to increase the position!"
"Okay, okay! Increase the volume! I bought it and defeated another 20,000 opponents!"
"Continue! Continue! No, no, someone is paying for it, LVMH, more than 3,000 lots, who is overestimating their own capabilities and going against us!"
"Give it to him, give it to him, let's get the goods to him and give him eight thousand lots. We can't let the market show any signs of rising. This will shake the confidence of sellers..."
"Okay, okay, the price has dropped by another percent, and more sales have been stimulated. That's it, you deserve it, you asked for it, go home and cry..."
It was still the VIP room of the 5th District Sales Department of CLSA. On this day, as the Paris Exchange opened its doors to welcome guests, the room became lively again just like yesterday.
Several traders who specialized in serving Ning Weimin and the others communicated loudly, encouraged each other, and gradually implemented plans to attract funds at low prices for Ning Weimin and his camp.
The trading on this day can be said to be very successful, and the process of collecting funds went smoothly.
For no other reason than they want money and chips now. Compared to before the stock market crash, their strength has more than doubled.
On the contrary, those financial hunters, institutions and investment banks that may have harmed their good deeds have suffered a huge loss.
Therefore, their camp is now like God to these two stocks that have basically controlled the market. They can do whatever they want and are rubbed against the ground by the stock prices of the two companies.
Any unknown hot money or institutions that come in will be dug into and buried in it.
As for their results, it can be said that they are just a hair away from success.
Because in the past few days, several traders have helped Ning Weimin and the others buy nearly 11% of LVMH shares and 27% of Dior clothing shares.
The money spent is only 600 million US dollars, which can be said to be economical and cost-effective.
In this way, if Henri Lacamier's original 30% share of the stock is included, Bernard Arnault still retains all the LVMH shares that were originally controlled by him, even if he did not buy a share.
Ning Weimin and the others will definitely win,
Because as long as they continue to increase their holdings of Dior Clothing shares in the open market and let their shares exceed the 35% restricted shares held by Bernard Arnault, then they can count the LVMH shares under Dior Clothing's name.
On their side, their shareholding can approach 47%, while the other side will lose the same share. Of course, the outcome is no longer suspense.
So it is very different from traders who are still nervous and busy.
Now Ning Weimin, Pierre Cardin, and Henri Lacamier are all in a very relaxed state.
They were sitting in the VIP lounge, already smoking cigars, drinking champagne or cognac, chatting and laughing, talking about their plans and plans after regaining control of the company, and of course, the total amount of losses suffered by their opponents.
They all knew in their hearts that Bernard Arnault had become a fish on the chopping block and was just one breath away.
And when this thing is done, not only will they get the fruits of victory, but their names will also be famous throughout the French business community, and everyone will respect them because they won the beauty.
They even found some friends who helped to celebrate together and share the joy.
For example, Alain Delon and Catherine Deneuve are here today to share the joy of successful collaboration.
Of course, there are also monetary gains.
As people who followed Ning Weimin to drink soup, they were also vested interests. Not only did they avoid the stock market crash, they also made a lot of money by shorting LVMH and Dior clothing.
Ning Weimin never treats his friends badly, nor does he let others help him in vain, which is why he is so lovable and trustworthy. Anyone who has interacted with him will regard him as someone who can truly be trusted and work with him.
"Haha, I didn't expect this money to be so comfortable. Thank you. I respect you."
For example, Alain Delon saw the current situation on the board and raised a glass to express his gratitude.
This time his profit has reached half of his principal, which is equivalent to tens of millions of francs. He is already satisfied.
"Yes, it's great. It seems that the stock prices of the two companies will continue to be like this. Thank you, Ning, you are such a good person." Catherine Deneuve also raised her champagne and said.
explain.
However, women tend to be more greedy. Even so, she feels that she does not earn enough.
This time, he soon complained again, "Damn, I wish I had raised 10 million more. God, why don't you give me a little more courage."
And she was completely unaware of it, and didn't think there was anything wrong with being so greedy. She was hurting the "goddess' dignity."
She was actually still watching the market with great interest. For her, nothing was more interesting than this right now.
Of course, she would not notice the sideways glances from those in the room towards her such a contrasting expression.
This is a scene that is enough to make everyone laugh. Not everyone is lucky enough to see Catherine showing such disregard for her true temperament.
But compared to them, the victors, most people don't feel so good.
Ordinary people who have invested their hard-earned money in the stock market over the years - they originally expected to make some money for retirement by taking advantage of the bullishness of the stock market, but in the end they disappeared without a trace amidst the falling stock prices in one day.
In fact, the more aloof people are, the greater their losses will be, and the changes in their lives will be more painful.
So far, many upper-level investors have suffered heavy losses due to this stock market crash.
Today's richest man in the world, Sam Walton, lost $2.1 billion in stock value in one day.
America's youngest billionaire Bill Gates lost $3.945 billion.
Computer king Wang An lost US$31 million on the afternoon of the 19th alone...
And today, 38 of the 400 richest people in the United States published last month in the authoritative American financial magazine "Forbes" have disappeared from the list, and many millionaires have become poor overnight.
Even because of the shock of the plummeting stock prices, many people who suffered heavy losses have become extremely fragile psychologically.
Many people who were overwhelmed by debt due to the collapse of the stock market suffered complete mental breakdowns, and news of suicide began to emerge.
On October 23, 58-year-old Veron Lamberg from the United States committed suicide by gassing himself in a hotel due to a setback in the stock market.
On the same day, Arthur Kane, a middle-aged man who was reduced from a millionaire to a debt of nearly 10 million US dollars due to the plummeting stock market in Miami, USA, shot and killed the deputy general manager and broker of Merrill Lynch.
Then he shot himself to death.
Of course, the one who is worse than dead at this time is our protagonist's opponent, Bernard Arnault, who was supposed to be the king of the French luxury goods industry.
If it hadn't been for the protagonist's intrusion and interference, at least he wouldn't have lost so miserably, and he wouldn't have lost to the point where he was on the verge of bankruptcy.
At the French branch of Lazard Investment Bank, professional financial hunters were arguing with each other in a meeting, "We have to let go of some more securities and bonds!? This damn rebound is almost over! It will continue to fall.
We have to prepare funds and rely on short selling to make up for losses. If we don't do it and other investment banks do short selling, we will be more passive."
"I don't think it's feasible to go short rashly! This is France, not the United States! The United States is still falling because they have a big problem! There are no such big bubbles in the French financial sector. The French economy has been weak for a long time, and there are almost no
It’s watery! What should I do if I do it the other way around? Will it cause more blood loss?”
"Mr. Frank can no longer sit back and do nothing! You are the general manager of the French branch, you decide what we should do next! If this continues, all our profits in the past few years will be lost. No matter what we do,
We must find a way to save it!"
Frank Meyer, who was forced by his subordinates, had no choice but to at least know that whether he was long or short, he needed funds.
So he could only continue to put pressure on his former good customer and good friend - Bernard Arnault.
As for Bernard Arnault, he had completely lost all hope after receiving a call from Frank Meyer asking for funds.
Having to face his failure, he slumped down on the chair behind his long desk and stared at the ceiling, his mind almost blank.
He collapsed and stared at the chandelier on the ceiling, motionless, but his eyes were full of red falling numbers.
He blinked hard, completely unable to accept that the shares he controlled were being liquidated at a low price.
If calculated based on the stock price a week ago, the value of the stocks in his hands has been lost by half or more due to the stock market crash.
The net worth of more than one billion US dollars that he had worked so hard to save, and the total assets he controlled at one time were as high as 4 billion US dollars, actually disappeared so easily.
If there hadn't been this stock market crash, he should have been king.
But now, everything that should have belonged to him belongs to that old fool Henry again...
Bastard! Why is this!
What did I do wrong? I should be punished like this.
Why isn't God on my side!
Bernard Arnault closed his eyes in pain, and suddenly remembered that the board of directors will hold a public third-quarter report next week.
Thinking of this incident, he was sure that Henri Lacamier would definitely return to the board of directors and laugh at him to his face.
That scene made him tremble immediately.
At this moment, he really felt that life was meaningless. He went out in a daze, mechanically shuffling his steps up the fire escape, and finally reached the rooftop.
The sun is shining brightly in Paris in autumn, and even though the wind is strong on the rooftop and can make your clothes rustle, it's not cold at all.
It's just that as a loser, when he thinks of the miserable situation he has to face, his body keeps shaking, as if falling into an ice cellar.
He squatted down silently, staring blankly at the busy scene of traffic below the high-rise building, as well as the people walking along the Seine River and the cruise ships in the river.
In order to keep his dignity, he wanted to jump, but he was unwilling to end up like this and was still trying to figure out why he ended up in this situation.
"Squeaky twisty..."
Just when his mind was as confused as a pot of porridge, the iron door leading to the rooftop was pushed open again.
Bernard Arnault looked back and saw a gentleman wearing a high-end suit.
His face seemed familiar, but he couldn't pronounce his name. He wasn't sure if he was a subordinate of his company?
He doubted that the other party came up because he saw him just now and was looking for him?
So he felt a little embarrassed. If his subordinates were to find him on the rooftop at this time, once the matter spread, he would become the laughingstock of his opponents forever.
Yes, he couldn't die here, so he regained consciousness at this time.
He decided immediately to cover up this matter no matter what.
He was about to stand up and make up some random excuses, but what happened next left him shaken.
Because the other party didn't even look at him, he untied his tie and ran to the edge of the roof, completing the last leap in his life.
"Ah!" That long-sounding cry even made him think that he was lucky enough to see this flying superman in the real world.
But then, a sharp car alarm sounded from under the building.
Then a woman screamed.
All this brought him completely into the cruel real world.
"Damn! I just witnessed it..."
At this time, he finally came to his senses, threw himself to the edge of the rooftop, lay down and looked down.
That's right, the person who was alive just now has turned into a fuzzy dot on the roof of the car.
With the dazzling blood red as the center, pedestrians gradually gathered around.
Ten minutes later, Bernard Arnault fled back to his office in a hurry, his pants soaked all over.
Soon he heard someone spreading the news. The person who jumped from the building just now was the vice president of a financial company. He owed huge debts due to private use of leverage to catch up with the stock market crash. In despair, he suddenly jumped.
Jump down.
Then, in shock, he made an important decision. Instead of dying, he surrendered and formally surrendered to his opponent.
No matter how much humiliation he has to face, he must survive and try his best to keep Dior clothes.
Because when a person dies, there is nothing, but he is not the loser who jumped off the building, he is not that weak and stupid.
Despite his bad luck this time, as long as he still has a company in hand, he still has a chance to make a comeback and avenge his disgrace.