Rebirth of the Strongest Tycoon
Vol 3 Chapter 868: Philip Brothers is over!
"Good job!"
"Now that the impact has not reached the maximum point, everyone cannot relax their vigilance and must pay close attention to changes in the market."
With a smile on his lips, Xia Yu exhorted Toby Morton, general manager of the New York branch of Jiuding Securities.
Ever since manufacturing companies discovered the lack of raw materials for metallic copper and metallic aluminum, and started bidding, Xia Yu felt relieved when the spot prices of metallic copper and metallic aluminum were increased.
In the past two days, he wandered around the Galaxy Fund and Jiuding Securities with a relaxed attitude, and occasionally watched a game at home leisurely.
When the major financial giants on Wall Street realized that the bulls had placed huge sums of money to accumulate cash, they decided that the bears were out of luck.
Among the shorts, Phillip Brothers and Salomon Brothers are the leaders, and the worst impact will naturally be borne by these two companies.
But Salomon Brothers is not listed, so most of the pressure is borne by Philip Brothers.
The most intuitive feedback is in the stock market, where investors vote with their feet.
It is now 3:30 pm on Friday, and the share price of Philip Brothers has stabilized at US$27.87 per share, and has fallen to the current US$24.32 per share. The market value has evaporated by US$525 million!
Investors in Phillip Brothers are now regretful, especially those institutions that bet against Jiuding Securities, they are almost buying regret medicine!
Of course, the premise is that there is something like regret medicine.
And as long as anyone with a discerning eye can see, the impact of bulls hoarding spot stocks is still fermenting and has not reached the maximum extent. Whether it is spot or futures, there will still be upside.
The higher the price rise, the greater the short loss.
In this case, the ruthless Wall Street alligators swarmed, some rushed into the futures market, some also started to hoard spot stocks, and some were planning to short Philip Brothers stock.
Of course, there are some people who are waiting for the opportunity to analyze the market to see if there is any cheaper.
What's more, prepare to open up a new battlefield again in this chaotic market and make a fortune with the help of the market panic.
All in all, the New York financial market has been turbulent.
...
Office of the President of Phillip Brothers.
President Tendler Wells, Vice President and General Manager of the Rare Metal Investment Department Albert Raphael, and Salomon Brothers President John Gufran were sitting next to each other, but no one spoke. The office There was a heavy atmosphere in it.
After a long time, a series of rapid footsteps came, leading the eyes of the three to the door.
Then, I saw Harlan Dryden, the manager of the senior copper futures department, walked in solemnly, and immediately reported: "President, manager, the closing price of senior copper futures is 0.7855 US dollars/lb, and the closing price of aluminum futures is 1.5895 US dollars/lb. "
Although these two figures were expected by the trio, when they did happen, it still made them feel heavy.
Harlan Dryden's mouth squirmed, but in the end he didn't say anything, standing a little awkwardly, neither leaving nor staying.
"Harlan, you go down first!"
"Right, close the door by the way."
After a while, Tendler Wells let him out and told him to close the door of the office.
John Gufran spoke at this moment, with blame and anger in his tone: "Albert, is this what your company said to find out the strength of the Galaxy Fund?"
Hearing this, Albert Raphael's face changed drastically, and he said first: "John, it is not certain that the large-scale acquisition of spot goods is the Galaxy Fund, or other capital, just like we can find Salomon Brothers. Like allies, I’m not sure if the Galaxy Fund has found someone to be an ally. For example, the Sumitomo Consortium in the island country definitely has this strength."
"And if it comes to losses, our company's losses are the biggest."
On the one hand, Albert Raphael, while Tendler Wells was not paying attention, kept winking at John Gufran, with a hint of plea in his expression. He didn’t want John. Gufran told the previous conversation between them in private.
This afternoon, John Goofran went straight to the door without saying hello, so Albert Raphael did not have time to ask John Goofran to explain in advance.
"Mr. Goffran, Albert is right. According to the current situation, our company has suffered the most losses, and our company is the one who wants nothing to happen!"
Tendler Wells also explained aloud.
John Gufran looked at the two of them, especially looking at Albert Raphael deeply for a few seconds, then took a deep breath to calm himself down, and said calmly: "Well, I will help me Sorry for the gaffe."
"But what should we do now?"
"Now Wall Street has determined that we have failed, and capital is on their side!"
"We're fucked!"
Hearing this, Tendler Wells and Albert Raphael were silent. How could they not know what John Gufran said?
To put it bluntly, the current situation is that Wall Street Capital is falling into the trap, trying to trample them harder and drain their blood.
Seeing that the two hadn’t spoken for a long time, John Gufran frowned. He didn’t want to spend precious time here, and said again: “Do you have any effective way? If not, then I’m sorry, I will immediately drop out."
Although Solomon Brothers has fallen into it, it is not as deep as Phillip Brothers. It can still be left, but at a huge price.
Although it will hurt Salomon Brothers, it will not fall.
If it continues to be procrastinated, it is really uncertain whether it will go bankrupt!
"Gufran, we don't have any other options at the moment, but we still have two days, and we will give you a clear answer the day after tomorrow."
Tendler Wells took a deep breath and said solemnly, even with a hint of request.
Although Philip Brothers is stronger than Salomon Brothers, at this critical moment, if Salomon Brothers turns back, the loss of Philip Brothers will be magnified by several layers, and he has to put down his figure.
The next two days are Saturdays and Sundays. During the two days of market closure, this is their last chance.
If you can't think of a solution, you can only wait to die.
"No, one day!"
"Tomorrow night, you have to give me an answer, I need to give an explanation to the board of directors, the day after tomorrow...it's too late!"
John Gufran shook his head brazenly and said, his tone was very determined.
After a long silence, Tendler Wells slowly said, "Yes!"
...
"It's already dead!"
Rockefeller Manor, David Rockefeller shook his head and said.
Although he said something similar two days ago, it was not as sure as it is now.
"I didn't expect this Chinese kid to have such a strong capital, I underestimated him."
"I wanted to take over his oil futures, but now it seems impossible, and it helped him to stand firm on Wall Street, huh..."
"But it's not without gain, at least I know the relationship between the Rohill family and him..."
After David Rockefeller sighed with emotion, an inexplicable smile appeared at the corner of his mouth. He looked east through the window and seemed to be able to see someone with a headache and irritability.
Then, he made a phone call, called a confidant, and ordered something.
That night, the relevant mining companies under the Rockefeller Consortium received notices not to sell metal copper and metal aluminum for the time being.
Several other institutions have also taken action and are ready to join them immediately after the market opens on Monday.
This weekend, it will be uncomfortable for the Galaxy Fund.
Public opinion is full of accusations against the bulls headed by the Galaxy Fund. Various emerging heads that disrupt the economic order have deducted the Galaxy Fund one after another, and unnecessarily accused the Galaxy Fund of hoarding and malicious manipulation of copper and aluminum. the price of.
It seems that under pressure, the New York Board of Trade investigates the Galaxy Fund Company around the clock and finds people to talk from time to time, and the U.S. Futures Trading Commission has also stepped in, causing some people in the Galaxy Fund to feel turbulent~www.readwn.com~ Fortunately, Xia Yu knows. This is the last madness of the bears, let Song Yang urge the company's employees to stabilize their minds.
He is not inactive. The major media under his control, as well as the media that spend money to buy, are fighting with the opposing media, and the momentum of quarrels once surpassed the heat of the election.
Anyway, they couldn't find out the real situation. Xia Yu didn't worry at all. Legal sanctions must pay attention to evidence.
on Monday.
In the anticipation of all, the New York Mercantile Exchange opened again.
Whether it is people on the exchange or outside the exchange, they are closely watching advanced copper futures and aluminum futures.
"Opening up soaring!"
"Senior copper futures jumped 6 percent at US$0.8325/lb!
"Philip Brothers is completely over!"
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