When Zhao Chuanxin's team closed its short positions, it was still absorbing shares.
Why buy?
Because borrowing stocks to sell short when they are high means borrowing United Copper shares from others, paying them interest, and then selling United Copper shares at Sell when prices are high.
Now that the stock price has dropped to 10 US dollars, the previously borrowed amount is absorbed back at a low price.
After one round, on average, I made a price difference of more than 40 US dollars.
This is called borrowing stocks to sell short, which is a trading strategy. Compared with the leverage of capital lending, although both involve borrowing funds for investment, the concepts and operation methods are different.
The operation amount of Zhao Chuanxin's team was huge, and it actually stabilized the share price of United Copper at US$10, and even caused the share price of United Copper to rise slightly.
But the selling wave is still raging.
Nearly half of the money of Zhao Chuanxin’s team is used as margin, so a strategy of borrowing stocks and selling short is necessary to maximize profits.
Without the deposit, Zhao Chuanxin’s team would have made even more money.
While Jesse Livermore closed his position and absorbed a sufficient number of borrowed shares, Thomas Lawson immediately transferred the deposit.
Because, a bigger storm is about to sweep through.
These several things are being done at the same time. There is no time to grind teeth with the Heinze brothers today. Everyone is too busy to keep their feet on the ground.
It wasn’t until the evening, when the market was about to close, that it came to an end.
Thomas Lawson came back with a tired face and said, "Boss, there are still some parts that we haven't had time to transfer."
Zhao Chuanxin frowned and said, "How many more are there?"
< p>"About 7.5 million U.S. dollars."Zhao Chuanxin was surprised, "We closed positions and absorbed shares very quickly. Why is there so much money that we haven't withdrawn yet?"
< p>According to the proportion, there should be at most 1,003 million at this time, even if the efficiency at this time is far less than that of computer operation in later generations.Thomas Lawson said helplessly, "Because the Knickerbocker Trust Company, Merchant National Bank, and Bank of Montana, all banks and trust companies with which the Heinze brothers have business dealings, have all suffered runs from retail investors. We As VIP customers, we were given priority, but we still couldn’t withdraw them all.”
Because we have to close positions and absorb United Copper shares while withdrawing them, we cannot withdraw them all at the same time. It is necessary to comply with the requirements. Proportional, that's why this situation occurs.
No matter whether the final profit is 100 million or 1.5 billion, US$7.5 million is not a small amount.
That is equivalent to 15 million silver dollars. Even Prince Qing, Aixinjueluo Yikuang, who was the best at amassing money in the Qing Dynasty, only had 70 million silver dollars in assets after amassing money throughout his life.
Zhao Chuanxin will not give up.
He frowned and said, "I will continue to withdraw money tomorrow."
Although he knew about the run, the deposit must be paid.of.
His reaction speed is already fast enough, otherwise it would be more troublesome.
Thomas Lawson nodded and asked, "Boss, what about the celebration banquet tonight?"
Zhao Chuanxin was not stingy this time and waved his hand, "Let's hold it."< /p>
Because the bulk of the money has been put into the pocket, apart from the 7.5 million deposit that needs to be urgently done, the finishing work is not urgent, and there is even some room for profit until the 20th.
Just when I was walking out of the street exchange, I ran into Fritz Heinze again.
This time, Fritz Heinze, Charles Morse and Otto were dejected.
In this battle, they suffered heavy losses.
To make matters worse, they heard about the run. Just like Cao Cao embarked on the Huarong Road.
The three of them were not just depressed, but even a little frightened, because the seriousness of what they had done was beyond their expectation.
When seeing Jesse Livermore and Thomas Lawson, enemies are extremely jealous
Charles Morse has lost his previous air, the airs and airs of the "Ice King". Although his face was filled with the murderous look of an enemy, his eyes were wandering.
But when Fritz Heinze saw Zhao Chuanxin, his head seemed to be struck by lightning.
The fat white man rushed forward in a hurry, reaching out to grab Zhao Chuanxin's collar. "Explain it to me clearly."
Zhao Chuanxin's physical fitness, in It's good to practice balancing before.
In addition, during this period of time, I have practiced the balancing technique diligently, my body is extremely flexible and flexible, and my nerves react very fast, making it easy to dodge.
The fat man’s hands were empty.
He staggered two steps before stopping.
Zhao Chuanxin saw reporters taking pictures, turned his head again, exposed the back of his head, took out a cigar and lit "Sorrow and mercy. Many times, suffering is a blessing, brother."
Free Ciheinze gritted his teeth, "Then I wish you happiness like the East Sea."
""
Zhao Chuanxin was speechless.
There are not many people who can make Lao Zhao mute.
Seeing that Zhao Chuanxin was speechless, Fritz Heinze stared, "What do you mean by those words you once said to me?"
"O" Zhao Chuanxin With a look of realization, "Heroes don't know where they come from, and young people don't know their wives. Women don't understand men who want to be strong, because women don't need to be strong to be loved. These two sentences are very simple, that is to say, I am still young and don't know The advantages of being a young woman, but at first glance, your brother is a professional Cao Cao. What I mean is that Rebecca will not understand your pretentious behavior, because women do not need to be strong, they only need to be beautiful and coquettish. Be loved. So, don’t waste your efforts.”
“I, Cao, is that what you mean?” Fritz Heinze looked ferocious. "Stupefied"
At this time, he still cares about a stupid girlMan
Zhao Chuanxin held his cigar between his fingers and said with a faint smile, "I will talk nonsense later, I forgot about it."
If Zhao Chuanxin had said this before, Fritz Hein Ce is either hesitant or hesitant.
But now, he suddenly felt that Zhao Chuanxin had become unpredictable.
"As for Charles Barney, he is not a white rabbit. As we all know, it is far more difficult to manipulate a stock price than to exceed the value itself. Therefore, if the ice-making and canal businesses are doing well, short sellers will also I may not listen to your warning. If old Morgan is watching from the other side, the New York government will be insolvent."
And the sentence "You are almost done, don't invest anymore, we have already made enough money." "
Zhao Chuanxin's nonsense before, now Fritz Heinze carefully considered it and thought about it seriously.
That old fox, Charles Barney, must have realized that the market value of United Copper at this time was several times greater than that of Charles Morse's ice making and canal business, so he refused to cooperate.
While they manipulated stock prices, they underestimated the number of shares in circulation in the hands of retail investors.
The short sellers tried to see through their bluff, and the stock price plummeted.
As for Zhao Chuanxin, although Fritz Heinze did not understand everything, he had some clues and felt that everything would be realized one by one.
The more he thought about it, the more frightened and angry he became.
Then he looked at Jesse Livermore and Thomas Lawson, and suddenly felt that these two people looked like puppets, and the real mastermind behind the scenes was the Asian man in front of him.
This man saw through everything before it happened.
Then use the process of their buildings to rise and collapse to fully squeeze out every penny they and the leeks have
Yes, that is definitely the case.
Think about how Thomas Lawson used to manipulate the market to make small profits to accumulate strength, and then used real money and silver to absorb United Copper shares at low prices, pretending to want a piece of the pie to dispel their suspicions, and then Short the highs when their capital pool is exhausted.
Now that I think about it, it turns out that they nailed every point.
It was true that Thomas Lawson and the others had earned enough before, and Zhao Chuanxin even blatantly persuaded him to stop.
But at that time, Fritz Heinze would not listen to such words and only thought that Zhao Chuanxin was a fool.
But now it seems that he is the biggest fool
After thinking about all this, Fritz Heinze staggered back and pointed at Zhao Chuanxin shrouded in smoke. "You, you, you are the evil dragon"
The Wall Street Journal reporter next to him saw Fritz Heinze showing fear towards the Asian man. The tremors conveyed the coldness.
He was very curious, who was that Asian man that could make the famous "Bronze King" so scared
But Zhao Chuanxin only left the back of his head, soHe wanted to turn around and take pictures.
When Zhao Chuanxin saw this, he slapped him with his backhand. The camera flew five to six meters, rolled on the ground, and broke into pieces.
He puffed out a puff of thick smoke and said, "Get out!"
The reporter was inexplicably afraid to move.
One word of power can make him a brother
Zhao Chuanxin inadvertently revealed the confidence and domineering attitude of a general who had never changed his face after thousands of troops had passed through him. How could he be the same as before? The look of the good-for-nothing that Fritz Heinze saw that was rejected by his wife
It was an aura of killing people, soaked and baked with blood and fire, far beyond what Fritz Heinze could use. The cards piled up with money are comparable to the soft ones.
Sure enough, this son of a bitch pretending to be a pig and eating a tiger
Zhao Chuanxin slapped the camera away and smiled at Fritz Heinze, "Remember next time, shoot." Don’t get together when you’re in a group, otherwise you’ll get picked on. It’s really lonely, and there’s no one on Wall Street who can hit you.” After saying that, he put his suit on his body, turned around and left, filled with cigar smoke and Wall Street. The fog merges into one.
The reporter's eyes lit up. He was not annoyed when his camera was knocked away. He still remembered to take a pen and paper to quickly record the information.
Behind, Thomas Lawson stepped forward, took out his wallet from his arms, and threw a wad of banknotes into the reporter's hand, "I'll pay you for your camera."
Ph. Ritzheinze""
As expected
He thought of Zhao Chuanxin's last words again: "Next time, remember, don't get together when starting a group, otherwise you will be easily attacked. ”
Now, he feels that every word Zhao Chuanxin said has profound meaning.
Can it be said that
I am crazy
Remembering the small-scale runs on banks and trust companies related to him today, Fritz Heinze The complexion changes drastically
If the small run turns into a big one, the consequences will be disastrous.
Suddenly, Fritz Heinze felt a sense of powerlessness and at the same time developed a deep fear of Zhao Chuanxin.
Waldorf Hotel.
Abraham Cohen waited anxiously at the gate, taking out his pocket watch from time to time to check the time.
It wasn’t until he saw a Xinghui dining car approaching from a distance that he smiled.
The driver was a woman, whom Abraham Cohen knew to be Rebecca Levy's neighbor.
The car stopped in front of the Waldorf Hotel, and Rebecca Levi's voice came out, "Wait a minute, I'll change my clothes and come out."
For a moment, she Wearing the old dress that Zhao Chuanxin had worn the last time he made a big fuss at the Holland Hotel, he carefully got out of the Xinghui dining car with his skirt held in his arms.
Even though the dress was old and the material was not expensive, he still felt his eyes lit up every time he saw it.
And Rebecca Levi isn’t even wearing a headscarf today.
The black hair was pulled up, making her look radiant.
Abraham Cohen walked forward cheerfully, "Rebecca."
p>He stretched out his arm, wanting Rebecca Levi to take it.
However, Rebecca Levi just smiled and did not reach out. Please remember to collect, the latest and fastest website for free reading without anti-theft