The US$13.5 billion Tiansheng Capital entrusted assets held under the name of TCG had a net increase of US$30 billion as of December.
This news shocked the market. If the performance is realized, it means that TCG's price-to-earnings ratio is less than 7 times. With such strong expectations and profitability, at least 20 is not overvalued.
TCG's stock price couldn't be suppressed anymore, and it staged an epic short squeeze. Everyone knows that the current stock price of less than 9 US dollars is simply a bargain.
Institutional funds from all walks of life came in to raise funds, which also pushed the stock price to soar like a rocket.
The gluttonous feast of capital carnival that is taking place in the U.S. stock market at this moment has left outsiders dumbfounded, while domestic stock investors have called it an expert.
The rise in TCG's stock price shows an unstoppable multi-party momentum, and the stock price rises in a straight line under the short squeeze market.
$15.22 (+304.78%)
$18.89 (+402.39%)
$21.25 (+465.16%)
…
$26.71 (+610.37%)
As the U.S. stock market closed, TCG's stock price was fixed at $26.71, up +610.37% that day, with a total market value of $152.247 billion, or about 1 trillion yuan!
The trading volume that day ranked first in the U.S. stock market, and the intraday turnover rate of 118% shocked Wall Street and the global capital market.
The US$1.5 billion held by Tiansheng QDIE Fund created a floating profit of +356% during the day, with a floating profit of US$5.3 billion. Lu Ming did not cash in the profits, but chose to hold the shares unchanged.
With a cost price of US$5.85, there is absolutely no way to lose money. This stock will definitely rise in the future. Lu Ming saw a market value of US$35, which is US$200 billion.
TCG is so popular that it has left the industry.
Various media outlets are quoting reports and discussing the myth of overnight wealth created by Wall Street.
During the next two days of the weekend, the Moments of major melon-eating netizens were discussing this matter, and countless investors said they could not understand.
How can TCG support a market capitalization of US$100 billion? Why can it surpass GE? As of today's close, GE's total market capitalization is US$147.4 billion.
The total market value not only surpasses General Electric, but also surpasses Tiansheng Holdings. Currently, Tiansheng Holdings’ market value has not reached the threshold of 1 trillion yuan.
TCG claims to be the shadow company of Tiansheng Holdings in the U.S. stock market. As a result, the market value of the shadow company has surpassed that of its original counterpart. Investors exclaimed that the reality is too magical and that it will last forever.
Weekends continue to ferment, and news about overnight wealth and sudden loss appear one after another on the Internet. Some people become rich overnight through TCG, and some people lose everything overnight.
This gluttonous feast of capital is essentially a zero-sum game, where one person's wealth comes at the expense of another's wealth.
Is it said that the US stock market is a rational market?
After TCG experienced a sharp rise on the first day of resumption of trading, there was no sharp rise or fall in the following week. Instead, it maintained a pattern of high and sideways fluctuations, with the stock price fluctuating between US$25.5 and US$27.
It cannot fall, nor can it rise.
The charge was so ferocious the day before, and it was all gone in one go.
Fortunately, there was no downturn, and the buying and selling orders showed no intention of moving. They could only stay there sideways, and the trading volume quickly dropped.
TCG's stock price is not going up because it is waiting for the disclosure of two important annual reports. One is TCG's own annual report, but more important than this is Tiansheng Capital's 2017 fiscal year consolidated performance report.
In addition, the Tiansheng Composite Index, a major index compiled by Tiansheng Capital itself, is also an important indicator. The rise and fall of the Tiansheng Composite Index also affects TCG's stock price to a certain extent.
…
Time has come to the last two weeks of 2017. In these two weeks, the accounting department and audit department of Tiansheng Capital have become busier than usual. They are all working overtime, and they are working overtime on weekends and weekends.
The purpose is to produce the 2017 fiscal year performance report as soon as possible, and it is required to be published within January of the new year. Time is indeed very tight.
What Lu Ming didn't know was that the day TCG's six-fold increase had already exposed the new gameplay to interested people, as if it had opened the door to a new world. So there is such a gameplay?
When these caring people look at the stock price of Tiansheng Capital, their eyes still glow with golden light.
…
Cheng Yunkai is a small retail investor among the thousands of retail investors in Big A. He does not have many assets, with an account capital of about 100,000 yuan.
He is a "fund manager" because he bought more than 20 stocks in his securities account, and each stock cost four to five thousand yuan.
Isn’t that just a fund manager? He has been underperforming the market for more than a year, let alone the Shanghai 50 Index, which represents the blue-chip weight. The Shanghai 50 Index has risen by a cumulative 31% at its highest point this year, and the Shanghai 50 ETF has surged cumulatively.
+37% as much.
However, Cheng Yunkai's account didn't lose too much, just less than 5 points, but after playing for a year, it was like playing lonely.
The reason why he didn't lose money is that he also bought some core assets, such as Wu Liangye in his stock pool, but only 1 lot.
It wouldn't be like this if you just buy the 50 Index ETF, or the CSI 300 ETF could earn a +32% return this year.
Cheng Yunkai has basically been lonely this year.
Today, while he was chatting with five to six hundred group members in a stock exchange group, suddenly a group member chatted with him privately.
Group friend: "Brother, do you want to buy Tiansheng Holdings?"
When Cheng Yunkai saw the content of the private chat, his mind was full of questions, and he immediately edited a message to reply: "I can't even afford one lot of Moutai. You told me to buy Tiansheng Holdings, which has a stock price of more than 10,000 yuan. Are you kidding me? I'm all in.
If you buy it, you can only afford 10 shares. The problem is that the minimum is 1 lot!"
Group friend: "You don't have to buy it first-hand, brother. You can download an APP software called 'Shengbao' and register a trading account. You can buy Tiansheng Holdings' stocks through this platform. The minimum purchase price is 10,000 yuan."
"
Cheng Yunkai: "To be honest, buddy, your deception is too low-level. Can you buy Tiansheng Holdings with a minimum of 10,000 yuan?"
Group friend: "Brother, please listen to what I have to say. This is a proxy holding platform. Have you ever used Pinduoduo? You can understand it this way. It's just us, a large group of ordinary people, working together to buy stocks, such as Tiansheng.
If we hold a share price of 10,000 yuan, we will work together to buy 1 million yuan, and then the Saxo platform will directly buy the stock in the secondary market and hold it."
Cheng Yunkai: "Uh... that means pooling money together to buy Tiansheng Holdings? And then dividing the money in proportion? Then why don't I buy a fund?"
Group friend: "Buy funds? Public funds can only use up to 10% of the total funds to buy Tiansheng Holdings, while Saxo Platform directly buys all Tiansheng Holdings' stocks, which is different."
Cheng Yunkai suddenly became curious: "Then how to calculate the income?"
Group friend: "Let me tell you this, we are now conducting a new round of fundraising, with about 1,500 people, and then each of our 1,500 people will raise 10,000 yuan, a total of 15 million, and then Saxo Platform will serve as the agent.
Buy Tiansheng Holdings’ shares in the secondary market.”
Group friend: "Then after the stock price rises, if you no longer want to hold it, you can sell your share to a new person, which is equivalent to the market value of Tiansheng Holdings' position N yuan / 1500 + premium. Selling it to him is the same as buying it.
Same as stocks."
Group friend: "On the Saxo platform, it doesn't matter if the price of Tiansheng Holdings is 100,000 yuan per share. We just need to turn these 1,500 shares into 15,000 shares, or even 150,000 shares."
Cheng Yunkai was stunned. After he came to his senses, he edited the message and replied: "Oh no, how can you still play like this?"
Group friend: "Do you know that TCG surged 6 times a day some time ago?"
Cheng Yunkai: "I know."
Group friend: "That's great. In fact, the gameplay is essentially the same. The difference is that TCG is anchored to the price of Tiansheng Capital's managed assets. At the same time, it can be traded directly in the US stock market. It is the value anchor of the Saxo platform.
It’s Tiansheng Capital and free trading within the Saxo platform.”
Cheng Yunkai: "That is to say, the Saxo platform is equivalent to an intermediary?"
Group friends: "Yes!"
Cheng Yunkai: "Why haven't I heard of it? Saxo...could it be a scam platform?"
Group friend: "It just came out recently. Here are the screenshots. I also made 200,000 myself. Anyway, you can download it and have a look. This platform is an opportunity for Xiaosan to buy Tiansheng Holdings."
Cheng Yunkai finally replied: "Okay, Saxo APP, right? I'll download it first and take a look..."
Good guy, this Saxo platform directly breaks 1 lot of Tiansheng Holdings into parts, divides it into N shares and sells them separately, which is held by the platform itself.
A knowledgeable person will see that these are just trust benefit certificates, and they also provide traders with a secondary market for transactions to facilitate the transfer of money. The primary issuance and fundraising market and the secondary market trading room market correspond to each other.
Everything.
On the one hand, Tiansheng Holdings is an undervalued high-quality asset, but on the other hand, the stock price is too high and small investors are discouraged. Thousands of people want to buy in the market, but they can only stare at it.
Where there is demand, there must be supply, especially after the TCG stock resumed trading in the US stock market, it was Wall Street that pointed the way, and thus the Saxo platform was born.
And it is expanding at an extremely exaggerated rate.
