Codex of the Old Gods: I Have a World

When Zhao Chuanxin's team closed its short positions, it was still absorbing shares.

Why absorb?

Because borrowing stocks and selling short when they are at a high price means borrowing shares of United Copper from others, paying them interest, and then selling the shares of United Copper when they are at a high price.

Now that the stock price has dropped to $10, the previously borrowed amount is absorbed back at a low price.

Over and over again, on average, I made a difference of more than 40 US dollars.

This is called stock borrowing and short selling, and it 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 sell-off remains strong.

Nearly half of the money of Zhao Chuanxin's team was used as margin, so a strategy of borrowing stocks and selling short was necessary to maximize profits.

If there is no guarantee deposit, Zhao Chuanxin's team will make more money.

While Jesse Livermore closed his position and absorbed a sufficient number of borrowed shares, Thomas W. Lawson immediately transferred the deposit.

Because a bigger storm is about to hit.

These 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 touch the ground.

It wasn't until the evening, when the market was about to close, that it came to an end.

Thomas W. 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: "How many more are there?"

"About $750 million."

Zhao Chuanxin was surprised: "We closed positions and absorbed shares very quickly. Why is there still so much money that has not been withdrawn?"

According to the proportion, there should be at most 100 million to 300 million at this time, even if the efficiency at this time is far less than that of computer operation in later generations.

Thomas W. Lawson said helplessly: "Because the Knickerbocker Trust Company, Merchant National Bank, Bank of Montana...all the banks and trust companies with which the Heinze brothers had business dealings have all suffered runs from retail investors. We calculate VIP customers were given priority, but we still couldn’t put them all forward.”

This situation occurs because it is necessary to close positions and absorb United Copper shares while withdrawing them. They cannot withdraw them all at the same time. They must be proportional.

Regardless of whether the final profit is 1.5 million or 750 million, US$ million is not a small amount.

That's equivalent to 1500 million silver dollars. Even Aixinjueluo Yikuang, the Qing Prince who was the best at amassing money in the Qing Dynasty, only had assets of 7000 million silver dollars after amassing money throughout his life.

Zhao Chuanxin will not give up.

He frowned and said, "I'll continue to pick it up tomorrow."

Although he knew about the run, the deposit had to be paid.

His reaction speed is fast enough, otherwise it would be more trouble.

Thomas W. 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."

Because the large amount of money has been put into the pocket, the rest, except for the 750 million deposit that needs to be urgent, 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 walked 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 expectations.

When seeing Jesse Livermore and Thomas W. Lawson, enemies were extremely jealous when they met!

Charles Morse lost his previous air, the airs and panache of the "Ice King". Although his face was filled with the murderous look of an enemy meeting, 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 was very good before he practiced the balancing technique.

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.

Fatty Bai’s hands were empty.

He staggered two steps before stopping.

When Zhao Chuanxin saw reporters taking photos, he turned his head again, exposing the back of his head, and took out a cigar and lit it: "My condolences. Many times, suffering is a blessing, brother."

Fritz Heinze 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 dumb.

Seeing that Zhao Chuanxin was speechless, Fritz Heinze stared: "What do you mean by those words you once said to me?"

"Oh..." Zhao Chuanxin looked as if he was stunned: "Heroes don't ask where they come from, and young people don't know their wives. Women don't understand that men 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 benefits of a young wife, but at first glance, I think you are a professional Cao Cao. The last sentence, I mean, Rebecca will not understand your pretentious behavior, because women do not need to change. Strong, you only need beauty and coquettishness to be loved. So, don’t waste your efforts.”

"..." I, Cao, do you mean this? Fritz Heinze had a ferocious look on his face: "I'm asking you what's behind, don't pretend to be stupid!"

At this time, he still cares about a weak woman?

Zhao Chuanxin held his cigar between his fingers and said with a faint smile: "I will talk nonsense later and forgot about it."

If Zhao Chuanxin had said this before, Fritz Heinze would have been doubtful or just believed it.

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 much more difficult to manipulate a stock price than the value itself. Therefore, if the ice and canal business is doing well, short sellers may not heed your warnings. . If old Morgan watches the fire from the other side, the New York government finance department will be insolvent..."

And that sentence: "You're almost done, don't invest any more, we've already made enough money."

Zhao Chuanxin's nonsense before was now carefully considered by Fritz Heinze, and he 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 Charles Morse's ice and canal business, so he refused to cooperate.

While they manipulate stock prices, they underestimate the number of shares in circulation in the hands of retail investors.

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 shocked he became, and the more he thought about it, the more angry he became.

Then he looked at Jesse Livermore and Thomas W. 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.