Chapter 101 Wealth is not the key, showing off wealth is
On April 7, the morning after the Hang Seng Index stabilized at 7,000 points.
After not sleeping well all night, Liang Jinsong finally breathed a sigh of relief after looking at the opening index after getting up. He wiped his cold sweat, and then expressed emotion to the big client in a tone of lingering fear:
"Gu Sheng, it's really thrilling. I followed your instructions. From the second time you refuted Soros on TV, I bought as much as I could, and sold out everything when there was a sell-off.
It was still 6,600 points at that time! And our daily transaction volume during those two days was close to 10 billion US dollars! Our total self-owned funds were only 4.5 billion US dollars, and we spent part of our early holdings in telecommunications, network and media stocks, but I increased it to 4.5 billion US dollars.
It took twice the leverage to recover most of the heavy selling in those two days.
With four times the leverage, if the maximum decline reached 25% at that time, and fell to 5,000 points, your $4.5 billion principal might be completely liquidated and forcibly cut off! Fortunately, the protective team was really forced out by you.
"
In the previous few days of operations, the leverage multiplied by Gu Kun was approximately four times.
This is not because he is stable, but because he is doing normal financing to buy stocks. The specific amount of financing and the leverage depends entirely on how big the selling is. If there are only so many sellings, all of them will be eaten up by Gu Kun.
It was useless for him to ask for more money for the time being.
Therefore, the most prudent approach is to leverage as much capital as there are sales. When there are more sales in the future and the money is not enough, you can increase the leverage ratio and lower the margin callback percentage warning line. This will also be safer.
Gu Kun actually felt a little nervous about that turning point of protecting the market.
But after all, he had never doubted the existence of the protective team, so it was much easier than Liang Jinsong.
At this moment, Gu Kun did not forget to pat Liang Jinsong on the shoulder as an afterthought, and comforted: "Don't worry, the lowest level is only 6,200 points. It is still far away from 5,000 points. Soros has never reached it in his life."
The chance is to push it to 5,000 points.”
After taking a breath, Gu Kun did not forget to take stock of his positions with Liang Jinsong: "Uncle Liang, help me calculate the current average opening cost of all our positions, and approximately where it is."
Liang Jinsong did the math and quickly gave the result: "Today the market has reached 7300 points, and our average position opening cost is 6800 points - because we have more than 10 billion US dollars in transaction volume, which are traded below 6500 points.
It drives down the average cost.”
The first shot of firing the tray brought great benefits to Gu Kun.
Because the first shot is often fired near the turning point of the entire market, this means that amidst the huge amount of turnover, Gu Kun successfully established a large number of positions at a very low price.
In the subsequent promotion process, the money he needs to use may be relatively small. He can hold most of the money and watch the money from the national team's protective team push the market all the way up to him, while he builds his own position.
Costs continue to remain at the current low level.
However, Gu Kun deserves all of this, because he is worried that the protective team may not be determined enough to protect him until the end and cannot kill Soros, so Gu Kun himself has to reserve enough funds for the final blow.
Prepare to open a position at the final high position.
Building more at lower levels now is just to leave some depth and thickness to lower the average cost in the future.
Gu Kun knew that in previous lives, the national team's defense had started at six to seven thousand points, but after the defense reached the ten thousand point mark, they began to hesitate -
The national team is also afraid that too many foreign exchange reserves will become stocks and stranded in the stock market, and that there will be no Xiaosan to pick up the orders and help them delist, so they feel that "the eye-catching mark of 10,000 points has been recovered, which is enough to encourage Xiaosan", and
Just retreated.
In the final analysis, this is determined by the purpose and motivation of the national team. They do not want to kill Soros, they are just afraid of the collapse of the stock market and foreign exchange market. After the iconic pass is recovered, they begin to prioritize their own escape.
Although the subsequent detection continued to reach more than 11,000 points or even higher, there is a high probability that it was not the fault of the protection team, but the information lag of Xiao San - the protection team withdrew, but Xiao San did not know that the protection team was behind.
The tray team withdrew and continued to eat hot pot and sing songs before entering to take over the tray.
Historically, Soros's average cost of opening a position may have been more than 12,000 points. As long as the market did not rise above 12,000 points, Soros could not be hurt.
Gu Kun wants to kill Soros, or at least make Soros severely damaged and vomit out all the money he made in Southeast Asia. Then the pressure on him will be very great after 10,000 points in the back end. There will be a long period of market later, Gu Kun
It is necessary to continue to pull up the market with the power of civil unity after the main force of the market protection team withdraws.
Now it is only reasonable to take advantage of the protective team and get more value from the 6,000-point position.
Unfortunately, Liang Jinsong didn't understand Gu Kun's considerations. He seemed to feel that the most difficult time was completely over.
"It has finally risen to more than 7,000 points, and we have already made an average net profit of 10% per share. Whatever the increase in the future is, we will make profit. It is just a difference between making more and making less. If we lose, we don't have to worry about losing." Liang Jinsong said very relaxedly.
Gu Kun was not very satisfied with this attitude: "Don't relax, what I want is not just to earn a vote, not just 'Me and Soros will take a step back and we will be happy, and we will attack from both sides to separate the small ones', I want him to die!"
"
Only then did Liang Jinsong look embarrassed: "Are you serious? I thought you were just trying to deceive Xiao San. To make Soros lose money, it would have to be at least 12,000 points. No kidding! It's not even close.
It’s 4500 points!”
Gu Kun couldn't explain more for the time being, so he just followed the market and then talked about it later.
…
In the next one or two weeks, the Hong Kong stock market was booming, and the atmosphere inside and outside the market was heated. Almost most traders seemed to be overjoyed and making money happily.
Now that the national team has taken action, there won't be any surprises until the protection reaches the 10,000-point mark.
Soros refused to give up at first, and sold orders worth more than 10 billion U.S. dollars in three batches each, but he was all caught!
After his funds gradually depleted, Soros had to give up his unnecessary resistance and temporarily surrendered, down to the level of selling orders of one billion to two to three billion a day and acting according to the situation.
In the two trading weeks from April 6 to April 17, the total selling volume of Soros and other short parties was close to 50 billion U.S. dollars. All of them were caught by the bulls who were protecting the market, and the market price also increased from 7,500 points to 7,500 points.
It further increased by more than 3,000 points.
In 10 trading days, most of the time it rose by 500 points a day, and the average was 300 points. At the close of trading on April 17, the market reached 10,800 points.
If this market situation continues until the end of June, it means that Soros, whose average cost of opening a position is close to 12,000, only made 10% profit per share (of course, this must be multiplied by the leverage multiple. The leverage multiple in the stock market will not be too high.
, maybe five times, usually not more than ten times)
In other words, even if Gu Kun and the market protection team stopped here, Soros would give in and stop attacking, and would rather watch the market index hover around 10,000 and maintain confidence. So Soros came to Hong Kong this time.
All the money he earned was, at most, equivalent to about half of the principal he invested, and definitely not enough to double.
However, Gu Kun knew that the truly painful second phase of the battle was just about to begin.
The national team helped him consume most of Soros's financial potential for selling orders, and after the national team minced meat.
The money Soros has left to throw away is no longer as good as the money Gu Kun can receive. This is a key turning point.
Therefore, if there are no factors from other third-party players, there are no issues of public confidence, and there are no small-time losers who defect again, and Gu Kun and Soros are allowed to challenge each other in the field, Gu Kun is already confident that he can further increase his price and exceed 10,000.
2 thousand points.
At that time, the only thing Gu Kun has to worry about is "after pulling up too high, he will become a shareholder himself, and when Soros falls, how will he run away and find someone to take over?"
It's not a question of "can it be raised?"
But it's a pity that "third-party players" can never be ignored. After the national team withdrew, it was no longer the turn of Gu Kun and Soros to challenge each other. Those mindless little wallflowers are, after all, a powerful force.
Strength, so luring and intimidating these losers has become the second uncertain factor between Gu Kun and Soros.
…
"We want to kill Soros. After this big goal is divided into two smaller goals: First, we must continue to stabilize Xiaosan so that Xiaosan has confidence in us, not Soros. Secondly, we must continue to stabilize Xiaosan.
Second, after destroying Soros, we need to consider our own escape route and find someone to take over.
Of these two points, the first point is the most urgent, and the second point can be discussed in a long-term manner after Soros' body is collected. When resources are not enough to support the pursuit of these two points at the same time, priority should be given to concentrating resources to solve the first point first."
After the market closed on April 17, Gu Kun issued his order to Liang Jinsong.
Liang Jinsong did not refute: "I have no objection, since you insist so. In terms of funds, we should be stronger than Soros. The key now is not to let Soros set the pace and promote that the national team has withdrawn. So, I think you
Now we should be more enthusiastic about creating some good news, as news is more important than money."
Gu Kun already has an advantage in terms of funds, and the key to the follow-up is public opinion.
Having money is important.
Letting people know that you are rich will make people's impression of "you are willing to spend money" more profound and more confident, which is more important than having money itself.
Fortunately, Gu Kun has not been idle in the past two weeks while following the national team. He is not only raising funds, but also raising funds in a very high-profile manner, so that the outside world can see from his raised funds that the bulls are determined to attack.
determination.
So, Gu Kun comforted Liang Jinsong and said: "Don't worry, just this weekend, there will be some big news that will show our determination to the world. In the first half of this month, I just negotiated several deals in other fields."
All the money earned from transactions will be invested in the Hong Kong stock market. The money itself may not be a lot, but it has great symbolic meaning and is a great news stunt."
It turned out that in early April, Gu Kun finally sold his "Isakov" gaming boat to a new company in Aoxian County for a high-profile price of US$200 million.
He also did other things, raising hundreds of millions of dollars in a high-profile way.
Money itself is not his goal. In today's market, hundreds of millions of dollars can't actually do much.
But the news interest of the money-raising process, social attention, and the confidence it brings to Xiaosan are his goals.