The richest man started taking advantage of loopholes after joining Alibaba.
Chapter 267 Black Swan!
new York.
on Monday.
8:00 AM.
"This is impossible..."
Mark Stevens stood in his Upper East Side mansion, still wearing his pajamas.
The coffee cup in his hand tilted.
The scalding liquid spilled onto the carpet.
He didn't feel the heat.
Because his blood had already cooled down.
On the television screen, a Bloomberg news anchor was broadcasting the breaking news that had been bombarding the world since last night in an almost mournful tone:
Google has suspended some business dealings with Huawei.
Intel, Qualcomm, and Broadcom have announced a supply halt.
This is like someone shouting "Fire!" in a packed movie theater.
And the door was locked.
At the bottom of the screen, the red scroll bar is moving so fast that the text is barely visible.
NVIDIA: Shares plunged 7.8% in pre-market trading.
Apple: Down 5.2% in pre-market trading.
Qualcomm: Shares plunged 8.5% in pre-market trading.
……
All of them were stocks he had just bought.
All of them were the "high-quality assets" that Lin Che knelt on the ground and begged him to accept that day.
"Damn it!"
Mark slammed his coffee cup at the television.
"Bang!"
The screen shattered, and the image distorted into bizarre blocks of color.
But the images in his mind were clearer.
He remembered Lin Che's trembling hands that day.
I remembered that humble 15% discount.
I recalled Lin Che's meaningful look at the end.
"Sometimes, waking up too late from a nightmare is also a sin."
"Fuck you, Lin!"
Mark grabbed the phone, his fingers trembling as he dialed the trading desk number.
"Sell it! Sell it all!"
He roared into the microphone, his voice cracking with extreme fear.
"No matter the price! Clear out all those damn Nvidia and Apple products! Now! Immediately!"
"Boss..."
On the other end of the phone, the chief trader's voice was trembling with tears.
The background noise was a cacophony of shouting.
"They can't sell them..."
"What do you mean by 'can't sell'?!"
"No buyers."
"The trader said in despair."
"All the buyers have cancelled their orders, and the market makers have run away. It's like a vacuum. As soon as we place an order, the price will plummet..."
Mark slumped onto the sofa.
The phone slipped from its hand.
It hit the instep.
It hurts.
But he couldn't feel it.
He felt only a bone-chilling cold.
He was trapped.
They are trapped in a "liquidity trap".
The person who pushed him in is probably now standing at the exit of the meat grinder, sickle in hand, waiting to collect his body.
……
The Queen.
Ark Foundation's temporary headquarters.
The atmosphere here is completely different from that at Sequoia Capital.
There was no panic.
There was only a solemnity that resembled a religious ceremony.
David and two other traders sat in front of their computers, their hands on the keyboards, like sprinters waiting for the starting gun.
Sweat streamed down their faces.
It's not hot.
It's tension.
They hold a nominal short position of two billion dollars.
This is the biggest gamble of their careers.
It may even be the most insane short selling by an individual in Wall Street history.
"One minute left."
Lin Che stood by the window.
He was still holding that glass of ice water.
He looked out the window.
Dark clouds loom overhead.
A heavy rain is coming.
The city looks so fragile, like a castle made of playing cards.
"Forest……"
Jim Keller stood behind him, his Adam's apple bobbing with difficulty.
"What if... I mean, what if the Federal Reserve intervenes to rescue the market?"
What if Trump tweets to de-escalate the situation?
"if……"
There are no "ifs".
Lin Che turned around.
His eyes were eerily calm.
"Jim, have you ever seen an avalanche?"
"avalanche?"
"The avalanche is already inevitable when the first snowflake falls."
Lin Che pointed to the countdown on the screen that was still jumping wildly.
"Google is that snowflake."
"Now."
"All we have to do is watch this mountain collapse."
……
9:30:00.
The opening bell rang.
It's like the death knell of death.
"boom!"
There was no buffer.
There was no rebound.
The Nasdaq index opened 2.5% lower.
A huge gap appeared on the candlestick chart.
It's like a bottomless scar.
Followed by.
The waterfall is here.
Red sell orders poured down like a flood.
The index moving average instantly turned into a straight line pointing vertically downwards.
-3.0%.
-3.8%.
-4.2%.
The semiconductor sector was particularly hard hit, with bloodshed everywhere.
The Philadelphia Semiconductor Index plunged 6% at the open.
"Oh my God..."
David stared at the screen, muttering to himself unconsciously.
His hands were trembling.
But he has to operate it.
"Close out our positions, Boss? Should we close out our positions?"
David shouted.
The voice was sharp with excitement.
On the screen, the Ark Fund's account balance was fluctuating wildly.
Every second, the number is getting longer.
Millions or tens of millions of dollars in profits were pouring in.
The initial investment, which had been reduced to zero, instantly doubled.
$ 6 billion.
$ 8 billion.
$ 10 billion.
This is not called making money.
This is called printing money.
"No."
Lin Che's voice was as cold as ice.
It penetrated all the noise in the room.
"This is just the beginning."
He walked behind David and stopped the hand that was about to click "sell".
Strong palm.
Like iron clamps.
"The panic hasn't spread to retail investors yet."
"Mark's margin hasn't blown up yet."
"Let the bullets fly a little longer."
Lin Che stared at the ever-growing bearish line on the screen.
That's the blood of Sequoia Capital.
It is also the price that Wall Street paid for its arrogance.
"But……"
The CFO watched with a pounding heart.
He had never seen such a fast rate of making money in his life, nor had he ever seen such a ruthless gambler.
"It's already doubled! Lin! Let's take our profits and run! What if it rebounds..."
"A rebound?"
Lin Che sneered.
He pointed to the news pop-up.
The Ministry of Commerce stated that it will take necessary measures to safeguard the legitimate rights and interests of domestic enterprises.
[A letter from the president of HiSilicon to its employees: The backup plan became the primary solution overnight.]
"See that?"
Lin Che's voice carried a hint of respect.
"The war has escalated."
"This is a tough battle, and neither side will back down."
"so."
Lin Che turned to look at David.
A bloodthirsty glint flashed in his eyes.
"Add to position."
"What?!"
David nearly fell off his chair.
"Add all the unrealized profits you just made into it."
"Buy deeper out-of-the-money put options."
"I want to drive this nail deep into the heart of Wall Street."
……
11:30 noon.
The market completely collapsed.
The fear index surged to 40.
The Nasdaq index fell further to 5.5%.
This was the worst day since the 2008 financial crisis.
The entire trading hall was filled with cries of despair.
Meanwhile, in Sequoia Capital's offices.
Mark is no longer in the chair.
He knelt on the ground.
There were fragments of documents scattered all over the ground in front of me.
The phone was still ringing.
That was a death knell for the risk control department.
"Mr. Stevens, your margin level has fallen below the red line..."
"We must force liquidation..."
"Get out! All of you, get out!"
Mark waved his fist at the air.
Like a madman.
He lost.
We lost completely.
He watched Nvidia's stock price plummet on the screen.
That was the treasure he had fought tooth and nail to snatch yesterday.
just now.
That was the poison that bankrupted him.
He suddenly remembered Lin Che.
That seemingly harmless young man.
The Chinese man who groveled before him.
"You did this on purpose..."
Mark muttered to himself.
His eyes were vacant.
"You knew all along..."
"You knew all along what was going to happen today..."
"devil."
"You're the devil!"
……
13:00 PM.
Ark Foundation.
The account balance has exceeded $15 billion.
Jim Keller stood in the corner.
He watched Lin Che's retreating figure.
The figure wasn't tall, but at that moment, it cast a huge shadow that covered the entire room.
Jim was a science enthusiast.
He doesn't believe in God.
But looking at everything that was happening before his eyes, looking at that man who seemed to be able to manipulate time.
He wavered.
"Forest……"
Jim walked over.
His voice was a little hoarse.
"Who exactly are you?"
"Are you really an engineer?"
Lin Che turned his head.
Look at Jim.
The once invincible architecture guru in Silicon Valley now had eyes full of awe.
Lin Che smiled.
He raised his glass.
Staring at that pale green expanse on the screen.
Who I am is not important.
Lin Che said softly.
"The important thing is..."
"Starting today."
"We're going to use the money we stole from here."
"Let's build our own ark."
He glanced at the time.
It's time to close the net.
"David".
Lin Che put down his cup.
It made a soft "snap" sound.
Like a judge's gavel falling.
"Close out the position."
"Leave no one alive."
"Take the money with you."
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