Reborn Xiangjiang as a Tycoon

Chapter 340: Beating the short sellers (2)

27 Hong Kong dollars!

28 Hong Kong dollars!

When Hutchison Whampoa's stock price exceeded 29 Hong Kong dollars, the rise began to slow down, but the stock price is still going up.

As the stock price exceeded HK$29, Hutchison Whampoa's daily increase was close to 30%, which is quite a lot.

However, Hutchison Whampoa's logic has now changed again. The previous huge investment losses have turned into small investment losses, and the investment losses may be wiped out in the future.

As a result, Hutchison Whampoa's stock price, which originally fell due to huge investment losses, will naturally rise back.

However, everyone has different expectations for Hutchison Whampoa's stock price and will sell at different prices.

Before Hutchison Whampoa's stock price exceeded 29 Hong Kong dollars, the trading volume was very small. The stock price continued to rise during buying, but not many transactions were done in the middle. However, as the stock price exceeded 29 Hong Kong dollars and became closer to 30 Hong Kong dollars, the number of selling orders increased.

The more there are, the higher the trading volume becomes.

However, this time there were a lot of sales, but even more were bought. The stock price officially broke through the price of 30 Hong Kong dollars before ten o'clock, and continued to rise.

In the VIP room of the exchange.

Henry Kaiser said seriously: "What should we do? The stock price is still rising!"

"If the stock price really returns to HK$35 or higher, then the cost for us to buy again will be too high."

John Ma was also in a heavy mood. He was supposed to win this short position, but he didn't want to end up in the current situation.

"Now we can only wait."

Michael Kadoorie sighed: "We will wait until the bad news we created appears and see how hard it will hit Hutchison Whampoa's stock price. Then we will decide what to do."

George Schweizer warned aloud: "Now the stock price has exceeded 30 Hong Kong dollars. Once the stock price reaches 38 Hong Kong dollars, if it rises a little higher, we will be liquidated."

"This problem is not a big problem. Once Hutchison Whampoa's stock price rises to 35 Hong Kong dollars, we will first replenish the margin of 200 million Hong Kong dollars."

Henry Kaesik said out loud that they originally raised 1 billion Hong Kong dollars in capital, but only used 500 million Hong Kong dollars in principal to use leverage. Although they were losing a lot, they could still easily come up with 200 million Hong Kong dollars.

As for the money they paid to buy Hutchison Whampoa shares from HSBC, what they really had to pay was not much, and they only paid 30% for the time being and owed the rest first, so they didn't spend much cash.

After Hutchison Whampoa's stock price exceeded 30 Hong Kong dollars, it was indeed moving upwards, but it did not touch 35 Hong Kong dollars. It was adjusted when it was just over 34 Hong Kong dollars. Fortunately, the adjustment did not fall below the price of 30 Hong Kong dollars, and it was at 30 Hong Kong dollars.

The Hong Kong dollar fluctuated between HK$34 and HK$34, digesting the previous huge increase.

The stock price exceeded 34 Hong Kong dollars, and the increase that day was almost 50%. Of course, such a high increase is very scary, and it is normal that many people will choose to settle for safety.

What’s more, Hutchison Whampoa’s stock price plummeted that day. It started to dive from around 37 Hong Kong dollars. The higher it goes, the greater the selling pressure. Therefore, more long funds are needed to enter the market to catch the low opening and diving without cutting the meat.

Stop loss chips, so that you can have more motivation to move up.

"Good news, it's done!"

"The newspapers we arranged are already publishing relevant reports, and the relevant reports will be spread to the four major exchanges soon."

In the VIP room where the British short-sellers were, Henry Caesar and others finally got good news. The bad news they had arranged was about to be published in the newspaper.

Michael Kadoorie spoke up and said: "Now is a good time. Hutchison Whampoa's stock price is in shock. The negative news will definitely suppress the stock price."

"It must be possible!"

Several people said loudly, praying in their hearts that this must be the case, otherwise the negative effects will not be effective, which means that the negative effects will be exhausted, but will turn into positives. The rise in stock prices will no longer be able to suppress it, unless there is something that will definitely hit Hutchison Whampoa.

Huge negative.

"Damn it, the court would agree to such an application from Standard Chartered Bank. It's a joke!"

Hutchison Whampoa and Lin Baicheng were very angry after learning what happened from Wei Li.

Just this morning, Hutchison Whampoa and Standard Chartered Bank filed a lawsuit in court. In addition to suing Standard Chartered for breach of contract and requiring Standard Chartered to compensate Hutchison Whampoa for its losses, Hutchison Whampoa's main purpose was to delay Standard Chartered through the lawsuit and temporarily not repay the loan.

Purpose.

If the lawsuit is really going to start, the result will not come soon. However, just in the morning, Standard Chartered applied to the court to freeze the use of Hutchison Whampoa's large funds. The reason is to prevent Hutchison Whampoa from having no money to repay the loan after losing the lawsuit.

To Standard Chartered Bank.

This ridiculous application was actually approved by the court.

As a result, Hutchison Whampoa can no longer use funds to repurchase shares, even with borrowed funds.

You know, this is the work of the short side, and it is indeed a negative for the market. After all, Hutchison Whampoa’s continuous use of funds to buy back is a reason to support the rise in stock prices. Now that the buyback has become short, of course the market will be worried

.

Wei Li asked aloud: "Mr. Lin, now we can't buy back stocks anymore, what should we do?"

"What else can I do now? Return the funds to Galaxy Games first, and then I will think about how to deal with it."

Lin Baicheng was a little helpless. Although he was very dissatisfied, the court represented the law. He could only abide by it. At most, he would find opportunities to cause trouble for the court in the future. But at present, he could not violate the law, giving the short side more excuses to attack and

Remember Huangpu.

"I see."

Wei Li nodded, got up and went out.

Lin Baicheng is thinking about how to respond and the impact of this incident on Hutchison Whampoa's stock price. He can only hope that the impact on the stock price will not be significant.

Before eleven o'clock, the relevant news spread to the four major exchanges, and soon a large number of investors knew about it.

The stock price, which originally fluctuated between HK$30 and HK$34, immediately fell sharply, falling below the price of HK$30, and is still falling.

"Okay!" "Good fall!" "Keep falling!".

When Hutchison Whampoa's stock price fell below 30 Hong Kong dollars, Henry Kaiser and others were very happy. The bad news they had prepared was indeed in vain.

When Hutchison Whampoa's stock price fell to HK$28, it rebounded slightly, but soon fell below HK$28, fell to around HK$27, and then rebounded again, eventually fluctuating up and down around HK$28.

After learning that Hutchison Whampoa's stock price fell to 27 Hong Kong dollars and stopped falling, and fluctuated around 28 Hong Kong dollars, Lin Baicheng and the British short sellers had completely different reactions.

Lin Baicheng breathed a sigh of relief. Although the stock price has fallen a lot, it has not fallen too sharply. At least it is still above today's opening price. At the price of 28 Hong Kong dollars, today's increase is more than 20%, which is quite a lot.

.

Henry Caesar and others are a little dissatisfied because the price has not fallen far enough. They hope to drop to around 25 Hong Kong dollars, so that they can still exert their efforts and sell some stocks to suppress the stock price below 25 Hong Kong dollars. Unfortunately, the stock price

It was fluctuating around 28 Hong Kong dollars. They only had more than 10 million shares in hand, and they were not sure whether they could completely suppress the stock price, so they were afraid to sell.

(End of chapter)