Spend money to play around the world

Otherwise, because Andrew holds a lot of shares in Mok Pharmaceutical Company, once Mok Pharmaceutical Company is found guilty of financial fraud, Andrew will also suffer heavy losses.

There is no way, Andrew can only issue a statement to the outside world through the Citron Research Institute, saying:

"The stock of Mok Pharmaceuticals is the cornerstone of the US pharmaceutical industry, and these allegations made by 'Coyote' are reckless, and the credibility of the source is extremely dubious."

Seeing the voice of the Citron organization, Eric immediately began to fight back. He also said: "This investigation of Mok Pharmaceutical Company was helped by honest people from Mok Pharmaceutical Company. Who is it for their personal safety? It is safe and cannot be disclosed.

However, the financial fraud of Moke Pharmaceutical Company is indeed true, and we strongly request the relevant departments to review this company! "

At this point, Citron couldn’t refute it, but changed the subject, stating from that report: “Aggressive accounting and fraud are two different things. The SEC has allowed aggressive accounting for years, and it helps drive economic growth.” .

And, if there was fraud at Merck, it was the massive conspiracy of thousands of accountants, auditors, and divisional CFOs who have been secretly cooperating for the past 12 years.

This is absolutely impossible! "

Eric didn't say anything, but said: "It's useless to say too much, let the relevant departments check to see if there is any problem, isn't it?"

Citron also insisted on his attitude: "We don't believe that Mok Pharmaceuticals will make financial fraud, so we will buy its stock to show our support!"

At the same time, the heads of more than five hedge funds also voiced their support for Mok Pharmaceuticals and would buy the company's stock.

Under the operation of Lawrence, many Wall Street institutions and bulls related to Mok Pharmaceutical Company have expressed their support for Mok Pharmaceutical Company.

Especially some bulls who had been long before, because the leverage was not low, they were afraid that one would be unstable, and their positions would be liquidated. They directly started to build positions and buy stocks of Mok Pharmaceutical Company, forcing the market to drive up the stock price.

As a result of this behavior, on Tuesday, March 3, the stock price of Merck Pharmaceuticals rose by 1%.

On Wednesday, March 3, shares of Merck rallied 2%, taking the stock back above $7.

On Chen Fang's side, he seized the opportunity to let 'Needle Company' start selling its stocks crazily in the range of US$185-190.

In the end, before the market closed on Wednesday, he sold all the 187.6 million shares in his hand at an average price of US$3700 per share.

After deducting interest and handling fees, a total of 69.4 billion US dollars was obtained, and after deducting the principal of 65 billion US dollars, a profit of 4.2 million US dollars was made.

Regardless of the fact that the money is in single digits, it feels less.

You know, this is only two or three days of layout, and it has earned 4.2 million US dollars, which is already very strong.

Next, according to the K-line chart in the system, Chen Fang repeated two more times to buy at a low price and sell at a higher price.

Earned $3.2 million and $1.7 million respectively.

Added up, the three operations of buying low and selling high resulted in an additional income of US$9.1 million.

After such a pass, he cut a lot of leeks on the US stock market, especially those long-term institutions, who knew they were fooled, but still had to bite the bullet and get cut.

Now, I can only bet that the financial situation of Moke Pharmaceutical Company will be fine.

However, it is a pity that Moke Pharmaceutical Company's finances are really problematic.

……

(The tenth update is in place, but I can’t be happy. Alas, the average order has been falling. Now it’s not as much as before the last push. It means that my push is in vain. I’m almost depressed and bleeding. Is it true that the update is so fast? Is it suitable for me? It’s so uncomfortable. I strongly urge you to subscribe. If you have the conditions, please make up a full subscription.

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613. The total decline has exceeded 40%

It's September 3st.

After investigation by the relevant departments in the United States, it was found that Moke Pharmaceutical Company did indeed have the problem of financial fraud.

For a while, the stock price of Merck Pharmaceuticals had no power to resist, and the confidence of those bulls and other investors collapsed directly.

Led by Citron CEO Andrew, the shareholders who held a lot of shares in Mok Pharmaceuticals immediately turned their backs and directly started suing Mok Pharmaceuticals to ask the company to compensate them for their losses.

The relevant departments in the United States also solemnly stated that they will deal with Moke Pharmaceutical Company seriously and impose fines.

Those investment institutions that originally wanted to raise the price and resist, began to sell their stocks one after another.

As a result, the stock price of Mok Pharmaceutical Company began to rush downward like a flood.

The closing price on March 3 was $14.

The closing price on March 3 fell to $15.

The single-day drop hit a new high, plummeting more than 32%.

Of course, according to the short selling situation of Chen Fang and others, the total price drop has reached 83.5 US dollars, and the total drop has reached 41%.

When it was still four or five in the afternoon in the US Eastern Time, it was already five or six in the morning in Shanghai.

In Jinmao Tower, the lights in the conference room of NL Company are still bright.

After hearing Long Yijun's exposure of today's battle situation, Zhao Hao shouted excitedly: "Damn it, the stock price has been hovering between $170 and $190 for the past half month, but I didn't expect it to plummet to $120 today!

The drop has exceeded 40%, Lao Chen, we made a fortune this time! "

Chen Fang rubbed his ears: "Keep your voice down."

Zhao Hao said with a sneer: "Hey, isn't this very happy!"

Luo Xu also cheered up at this moment: "According to my news, the stock price of Merck Pharmaceuticals collapsed mainly because the investigation results of the relevant departments in the United States came out, and this company did have financial fraud.

Afterwards, the shareholders jointly sued, the relevant departments demanded fines, and other investors’ confidence collapsed. Countless retail investors who were originally stable could not be stable, and began to sell their stocks in a panic...

If nothing else, Moke Pharmaceutical Company, this time it's over!

Not only is the drop more than 40%, I predict that when we buy securities to close the position, the drop is likely to reach more than 80%! "

As soon as Luo Xu said this, except for Chen Fang who was relatively calm, everyone else in the room erupted.

"An 80% drop?!!"

"Our short-selling scale is 204 billion U.S. dollars. If the drop reaches 80% as Lao Luo said, it means that we can intercept a short-selling profit of 163.2 U.S. dollars!"

Yao Fei pressed a calculator with trembling fingers, swallowed his saliva, and said, "Including the 9.1 million US dollars from short-term long positions a few days ago, the total income is 172.3 billion US dollars!"

"A revenue of more than 172 billion U.S. dollars? Damn, my little heart can't stand it!"

"Wow, I don't know why, but I suddenly want to cry."

"Aren't we too aggressive?"

"It's not us who are fierce, but Mr. Chen is so fierce, Mr. Chen is too NB!"

"Ever since I started investing in stocks with Mr. Chen, I realized just how rubbish the investments I made were. It's no different from a child's playhouse."