Reborn Xiangjiang as a Tycoon

Chapter 178 Too early to be happy (Part 2)

"Mr. Feng, our orders have closed a total of 146 million Hong Kong dollars in principal short orders, and a total of 219 million Hong Kong dollars have been recovered, but now there are no orders that are willing to settle."

With less than an hour left for stock market trading, the traders brought by Feng Jinxi reported the data to him.

"How did you close the order for less than 150 million Hong Kong dollars?"

Feng Jinxi couldn't help but frown slightly after hearing this. This was not in line with his expectations. Not even half of the short orders were closed, which was a big difference.

Li Jiacheng said: "The stock price is now fluctuating around 2.7 Hong Kong dollars. Could it be that those funds think that the stock price will rebound, and they are not satisfied with the delivery price of 3 Hong Kong dollars?"

"That makes sense."

Feng Jinxi nodded in agreement, looked at the three partners and said, "I have decided to settle at the exercise price of HK$3.3, what do you think?"

"5% space? I can accept that."

Li Jiacheng calculated it and nodded in agreement.

After hearing this, New Bijian and Bob discussed in a low voice. Finally, New Bijian said: "You can release part of it first, there is no need to settle it all at this price."

Feng Jinxi immediately said: "Then first place a short order with a principal of about 50 million, collect half of the funds, and then look at the remaining half of the funds."

The trader who received the order placed an order and issued a settlement order with an exercise price of HKD 3.3.

With a loss of less than 5% and the stock price at HK$2.7, the remaining opponents were immediately moved and chose to settle one after another.

After a few minutes, there was no movement again.

At this time, the four parties cooperated, and they closed the short orders of 180 million Hong Kong dollars, making a profit of 88.3 million Hong Kong dollars, and recovered a total of 268.3 million Hong Kong dollars. However, they still have 220 million Hong Kong dollars in short orders that have not been closed.

.

The trader reported to Feng Jinxi again: "Mr. Feng, there are still short orders with a principal amount of 20 million Hong Kong dollars that have not been completed."

"I saw it."

Feng Jinxi nodded with a heavy face. He had just been watching from the side.

"Publish the order with a principal amount of 20 million Hong Kong dollars at an exercise price of 3.5 Hong Kong dollars."

Upon hearing this, the trader immediately placed a corresponding number of short option orders at the exercise price stated by Feng Jinxi.

After a few minutes, there was no movement at all. Feng Jinxi asked the traders to release the orders at HKD 4, HKD 5 and even HKD 6, but no bulls closed the orders. Apparently the bulls were very strong and believed that Hutchison Whampoa's stock price would rise, so they did not proceed.

Settlement of flat orders.

Because Feng Jinxi only operated with a principal of 20 million Hong Kong dollars, Li Jiacheng, Niu Bijian and Bob did not stop him. Later, they all saw that something was wrong.

Feng Jinxi said to the three of them: "You three, it seems that our remaining opponents' long orders are concentrated together. The other party obviously believes that Hutchison Whampoa's stock price will rise, rising to above 6 Hong Kong dollars, so they don't agree with us.

Settlement."

"I see it."

Niu Bijian nodded.

Li Jiacheng said solemnly: "The current stock price is about 2.7 Hong Kong dollars, which is far different from 6 Hong Kong dollars. The bulls are unwilling to close the order even if they want to protect their capital, which shows that the bulls have great confidence in Hutchison Whampoa's stock price. This is

The order of 220 million Hong Kong dollars in capital was obviously negative and the stock price plummeted, but the bulls were still indifferent. If the other party didn't get any news, I don't believe it."

Feng Jinxi couldn't help but guess after hearing this: "Do the bulls think that Hutchison Whampoa's gold futures investment is profitable?"

"I asked a senior executive from Standard Chartered to check. Lin Baicheng was indeed long gold futures at Standard Chartered. His principal was US$100 million and he used five times leverage. Now he has lost almost 50% of his principal."

Newbie said immediately that he was very sure of this, otherwise he would not have dared to use HK$120 million to short Hutchison Whampoa.

Li Jiacheng also said: "Hutchison Whampoa's investigation should not be wrong."

"I think we need to check again."

Feng Jinxi looked at Li Jiacheng, Nuo Bijian and Bob and said: "This is an order of 220 million Hong Kong dollars. The other party's confidence is so great. There can be no reason. We need to find out who this opponent is, and at the same time find out who the opponent is.

Remember whether Huangpu's investment has made a profit or a loss? If you spend more money, I don't believe it can't be found out and no one is tempted."

"Once Hutchison Whampoa's investment actually makes money instead of losing money, then we will immediately hedge it. Otherwise, after the news is announced and the stock price rises, the loss for each of us will be at least hundreds of millions of Hong Kong dollars, or even

More is possible.”

"Leave the details of Hutchison Whampoa's investment to me, but when the time comes, the money spent will have to be divided equally between the four parties."

Everyone knew the seriousness of the matter, so Niu Bijian immediately expressed his position. It was not that he couldn't find out the details last time, but the cost was quite high. After learning that Lin Baicheng's investment at Standard Chartered was long, Li Jiacheng

After asking Hutchison Whampoa that he was going long, he naturally would not spend an extra sum of money to confirm.

Feng Jinxi said in a deep voice: "Of course. Don't be afraid of spending money now. The important thing is to know the truth. We must be 100% sure of what the truth is."

Li Jiacheng reminded aloud: "Even if you find out the truth, don't publish it. Instead, hide it."

"Yes, the truth cannot be revealed."

Bob nodded in agreement. Once they knew that Hutchison Whampoa was actually making money, their plan would fail and they would have to take advantage of the stock price to hedge before it rebounded, otherwise they would suffer heavy losses.

"Now I just hope that no bad news will come out tomorrow and the day after tomorrow."

Feng Jinxi murmured to himself, today is Friday, and it has not been long since the closing, so they can't actually do anything when they just have doubts. It is impossible for them to hedge immediately because of the slightest suspicion. After all,

It's just a little bit of suspicion. If Hutchison Whampoa is actually losing money and it's just a competitor, but they are hedging, aren't they throwing away their profits?

Therefore, they can do nothing now and pray that no bad news will appear in the news tomorrow or the day after tomorrow, so that even if they make a mistake in judgment, they still have time to hedge.

As the stock market neared the close, Hutchison Whampoa's stock price began to rebound upward, sprinting towards the price of HK$3.

Feng Jinxi and others did not suppress the stock price because they are not sure whether the short selling is correct now. As long as the stock price does not rebound a lot, they will not spend money on short selling to suppress the stock price.

After the stock market closed, Hutchison Whampoa's share price barely closed above HK$3, closing at HK$3.02, leaving a total market value of only HK$1.2 billion.

Looking at it now, Li Jiacheng, Feng Jinxi, Niu Bijian and Bob are making money, but they are not happy anymore. They were happy too early, and now they find that there is a short order with a principal of 220 million Hong Kong dollars.

Unable to settle, the bulls are unwilling to settle even to protect their capital, and their short selling may be lurking in great danger.

(End of chapter)