Chapter five hundred and forty-two shorting across the board
Soon, the call was connected, and the anxious voice of Chen Liansheng, the head of the Chen family, sounded: "Xiaohao, where are you? I heard that you are wanted by the Los Angeles police. What's going on?"
Chen Haodao: "Grandpa, I am still in Los Angeles. I have a little trouble, but it doesn't matter. I will solve it soon."
He briefly explained what happened, but did not mention that Anderson was a devil, and then explained his own method.
Chen Liansheng felt slightly reassured and said, "Xiao Hao, if you need any help, just tell grandpa. Our Chen family and the other three major families are all your solid backing."
Chen Hao felt warm in his heart: "I understand, Grandpa, the main reason I made this call is to let you and my foundation short-sell Tektronix on rice stocks and make a huge profit from it!"
Chen Liansheng didn't ask him how sure he was: "Just tell me when it will be done?"
Chen Haodao: "Do it now, put down as much money as you have, and then I will tell you when to get out, and you will get out when."
Chen Liansheng simply said: "Okay."
Chen Hao hung up the phone.
Here is an explanation of what short stocks are.
Our normal understanding of stock trading is to buy stocks at low prices and then sell them when the prices rise to a high level to earn the difference. This is called long buying.
You can only make money by going long when the stock rises. If the price falls, the stock loses money.
Short selling is the opposite, selling at a high price first, then buying when the price drops to a low price, and also earning the difference.
You can only make money by short selling when the stock falls. If the price rises, you lose money on the stock.
At this point, some people may not understand: I have nothing on hand, how can I sell the stock at a high price first?
Lifting chestnut explanation: Rice is now 5 yuan per pound, and the price is bearish. But I don’t have rice on hand, so I borrowed a pound of rice from my neighbor and sold it, making 5 yuan. A few days later, the rice dropped to 3 yuan.
One pound of rice, so I bought a pound of rice and gave it back to my friend, earning the difference of 2 yuan.
…
Soon, the Chen family poured a large amount of money into the U.S. stock market and went short on Tektronix's stock.
This move soon attracted the attention of Tektronix and many financial giants.
Everyone was extremely surprised.
You must know that although Tektronix was established not long ago, as a high-tech enterprise, it has extremely strong profitability and its stock market value has risen rapidly. In just a few years, it has become comparable to those of world-renowned large enterprises.
How dare someone short-sell such a company with extremely promising market conditions?
Isn't your brain broken?
The financial giants all have great powers, and they quickly discovered the source of the short-selling funds.
Everyone gets it.
Chen Hao was wanted by the Los Angeles Police Department for deliberately harming Tektronix CEO Anderson and his staff. After the news came out, the Chen family immediately shorted Tektronix shares.
Obviously, the Chen family is demonstrating or threatening to Tektronix: Drop the charges against Chen Hao as soon as possible, otherwise your company's market value will drop and you will suffer huge losses!
"These Chinese people, even though their economy has developed a little and have a lot of money, dare to short our American companies. They are really stupid and arrogant."
"Isn't this better? I really like their stupid behavior of operating against the market. This is a big fat sheep."
"That's right, the Chen family is short, and we happen to be long, eating up all their funds and making a huge profit!"
"I heard that the Chen family has invested all their funds, tens of billions of dollars. This is really a gluttonous feast. I can't help but drool, hahaha."
…
After knowing the reason, the financial giants suddenly became excited and called their subordinates one after another to instruct their operations.
Huge amounts of money poured into Tektronix stock, all going long.
Originally, Tektronix's stock had fallen slightly due to the Chen family's full-scale short selling, but it soon bottomed out and rose almost in a straight line.
…
"Old man, why should we go all out to short Tektronix? This is so unwise."
"Yes, Tektronix's stock market has been bullish, which is a bull market in itself. We are shorting, which is equivalent to operating against the market. Not only is it thankless, but it will also give those financial vampires an opportunity to deceive us."
"Now a large amount of long-term funds have entered the market, which is constantly driving up the stock price of Tektronix. Even if we come out now, we will still lose blood. If we persist, I am afraid that they will swallow us to the bone."
The Chen family and all the elites of the Chen family looked at Chen Liansheng anxiously and puzzled.
They couldn't believe that the old man, who was always shrewd and cautious, would make such a ridiculous and unwise decision.
Chen Liansheng said calmly: "It goes without saying, I don't know much about Tektronix, but I believe in Xiaohao."
The elites of the Chen family had no choice but to leave with depressed faces.
They really couldn't figure out how Tektronix's stock price could fall after such a good rise.
After they left, Chen Liansheng called Du Xingchao, Lu Jianxun and Chu Zhenyun respectively.
A quarter of an hour later, all the hundreds of billions of dollars the Chen Hao Foundation received from Hongmen poured into the Tektronix stock market for short selling.
The stock price, which had been rising in a straight line, suddenly fell off a cliff as if it had been hit hard!
Seeing this scene, the financial giants were shocked.
The Chen family spent tens of billions of dollars to short Tektronix stock across the board, which was already an extremely crazy move. They didn’t expect that there would be ten times more funds in the follow-up!
This is simply too scary.
What on earth are the Chen family going to do? Are they crazy?
But immediately, everyone became extremely excited, as if they had been given a shot of chicken blood.
What do you want to do in charge of the Chen family?
Anyway, if they operate against the market trend, no matter how much money comes in, they will only be swallowed up completely.
The financial giants rarely united to raise funds from various channels, one by one, almost non-stop, pouring into the Tektronix stock market to do long positions, and to compete with the short-selling funds of the Chen family and the Chen Hao Foundation.
At the same time, financial speculators in Asia, Europe, South America, North America, Africa, Australia...almost the entire world were going crazy, buying up all their funds into Tektronix shares.
This is a super fat sheep with hundreds of billions of dollars. I am afraid that such an opportunity to be slaughtered will never happen once in a lifetime, and no one wants to miss it.
The news quickly spread from the financial world, detonating the entire Internet, and became known to more people.
So countless civilian stock speculators also mobilized, incited by various news, selling iron, houses, and cars, and borrowing money to buy Tektronix shares.
Even the top leaders of China and the United States were alarmed. Spokespersons from both sides made remarks: The stock market is risky and you need to be cautious when entering the market.
With the influx of astronomical amounts of money, Tektronix's stock, like a balloon that keeps inflating, has inflated to the extreme.