The Son of Finance of the Great Age

  Chapter 382 Catch the Big Tiger (Part 2)

   "God, do you know what you're doing?"

   Just when Zhong Shi and others were still puzzled by the market’s stagnation and rise, a censure call came to Soros, and Julian Robertson angrily reprimanded:

   "If you can't give me a reasonable explanation, then I will run to you immediately, in front of everyone, and kick your **** hard. In the name of God, I will definitely do it."

"Calm down, tiger!" Soros smiled unkindly. Julian Robertson, like his fund, has an extremely aggressive style, and his temper is naturally a little hot. "Julian, you should know what the current situation is. Don't you Notice something unusual?"

"Abnormal?" Julian Robertson here was stunned, fell silent, and asked tentatively after a while, "George, are you talking about the phenomenon that red-chip stocks will rise every time? If so, there is no doubt that it is the mainland It’s not unusual to make a shot from the other side. If I didn’t even consider this point, then I, Julian Robertson, wouldn’t have to work in the hedge fund world.”

"Really? Is what you said true?" Soros asked immediately on the phone, "If you are not in the hedge fund industry, that is indeed good news. Although I am very reluctant to have a chaser like you always with me Whip in the back, but I'd much rather see you go back south."

   There is also a geographical distinction between North and South in the United States. Generally speaking, because the industry in the south is underdeveloped and mainly based on agriculture, the general understanding is that southerners are warm, friendly, conservative, and traditional, and are greatly influenced by religion. The slightly discriminatory title is "red neck", which means From those who do farm work with red necks from the sun.

  The north is correspondingly called "Yankee". Southerners use this name to describe northerners as ruthless and too open-minded.

   These originally discriminatory words originated during the American Civil War and are still used today. But now there are more self-deprecating statements, and no one takes these statements too seriously. It is precisely because Julian Robertson was born in a small town in the south that Soros said so.

  Wealth and social status have reached their level, so naturally they don't care about these things anymore. But Julian Robertson is obviously not willing to let the wind blow, "Really? If you retire, do you plan to return to your hometown in Hungary? Europe is not a good place to retire, especially Eastern Europe, you know what I'm saying what."

"Okay, you won." Soros shook his head with a wry smile, quite helpless at his old opponent's "fighting for every inch of land". Since he grew up in Europe, he didn't have the aggressiveness of Americans in his bones, although I have lived in the United States for many years, but I still can’t learn this way, “Now, let’s discuss the issue of funds from the mainland. I believe you know that even if there is news of an increase in interest rates and the liquidation of Peregrine, they will still It was shot, right?"

"Undoubtedly!" Julian Robertson nodded without hesitation, "but all of this is within our predictions, isn't it? Their protection is not very strong. According to our researcher's calculations, they can It’s like investing less than 5 billion Hong Kong dollars, God, what can you do with this money?” Julian Robertson gave a mocking chuckle.

But obviously Soros didn't think so. After a moment of silence, Soros suddenly said: "Julian, don't underestimate them. You must know that they represent the government. This kind of behavior is likely to affect the trend of the entire market." .”

   After a pause, he continued: "My people have already found out the total amount of their funds. In fact, the current counterattack is very likely to be their last chance to save the market. Do you know what I'm talking about?"

"What?" Even though Julian's psychological quality is excellent, and he has experienced countless storms, he couldn't help but gasped after hearing the news, "You mean to lure them all out through this rise, and then completely Don’t let them have a chance to mess up the situation again? God, do you know what you are doing, which may anger their government!”

"You're **** joking, aren't you?" Soros smiled instead of anger, not forgetting to mock Julian Robertson, "From Thailand to South Korea, how many governments have you offended? How dare you tell me this now? Do you know, if we short Hong Kong, we have already offended that red country!"

   Julian Robertson here squirmed his lips a few times, but in the end he couldn't say a word of rebuttal.

"Our people are already doing this, now let your people stop. If they are lucky, they may still be able to buy a lot of low-priced stocks." Seeing that the other party had no way to refute, Soros' tone So he softened a lot, and joked again, "Julian, you should be happy. I caught a big tiger in the market for you, and you can do what you want boldly with confidence. It's something to do, isn't it?"

   The deal is done, and even if Julian Robertson had an idea, he has no idea now. However, he was still annoyed by Soros' behavior of not saying hello in advance, and said angrily: "Man, I warn you, don't let it happen again, otherwise the covenant between us will be canceled immediately. In addition, what are you going to do?" It’s time to attack again, this must be told to me first.”

   "Of course." If Julian Robertson could see Soros' expression at this moment, he would be surprised to find that the other party simply didn't take it seriously, and didn't take his threatening words to heart. "8300 points, if they can push the market up by 200 points, and counting the funds they are planning to attack with us, there is not much left. Your people should also be able to figure it out, right?"

   "Hmph!" Julian Robertson didn't answer, just snorted twice, and hung up the phone with a bang.

  …

  After the uptrend of Hong Kong stocks started, except for a few investors who followed the rise, most other institutions and investors were waiting and watching. They are also very clear in their hearts that the abnormal performance of red chips during this period is related to the central government's actions, but they don't know the strength and strength of this kind of support, so they still mainly wait and see for a while.

   Soon, the Hang Seng Index regained the lost ground, and even continued to rise, and it rose by more than 8250 points an hour before the market closed at noon. This number attracted many investors to participate in it. Soon, as more and more people followed suit, the Hang Seng Index rose faster and faster, and finally rose to 8300 points after the market closed at noon.

  During the noon break, all kinds of optimistic remarks began to emerge. Some people said that it could rise to 8,600 points all day, and some people boasted that it could rise to 9,000 points. In short, various numbers and rumors began to fly in the sky again.

However, as soon as the market opened in the afternoon, the Hang Seng Index, which was originally so powerful, suffered a strong attack on the large-cap stocks, especially the red-chip stocks. Although the Hang Seng Index continued to rise due to the high public sentiment in the morning, the rise was extremely slow. , lack of momentum, and finally stopped rising at 8349 points, which is only one step away from 8350 points, and soon turned around and began to fall rapidly.

  …

   "What are you doing? Hurry up and buy!" Song Ling roared angrily at the traders, "If the market that was pulled up with great difficulty is suddenly brought back to its original shape, then all our efforts will be wasted!"

  Traders looked at each other, not knowing what to do. It took a long time before an elderly trader stood up and boldly suggested to Song Ling: "Song Sheng, the balance in our account is about to run out, and it is impossible to buy again under this situation." Or else, Song Sheng, if you urgently allocate some funds, we might be able to support the market again."

   "What?" Song Ling was taken aback, rubbed his ears, and asked loudly, "What did you just say? The funds in your account are insufficient, aren't you?"

   Seeing the other party nodding, Song Ling was still a little skeptical, but after looking around, he found that most of the traders nodded in agreement, and he understood in his heart. After shaking his head helplessly, Song Ling waved his hands, signaling them not to operate, and then called the other people.

   "What? Are you in a hurry?"

   "You've run out of steam and are doing nothing now?"

   "I'm afraid it's too late to get approval from Aihua News Agency! Don't worry, I'll think of a way and wait for my call."

  After a round of phone calls, cold sweat broke out on Song Ling's forehead, and he couldn't stop it no matter what. Only at this time did he realize that because of his excessive force, all their bailout funds were locked in the stock market, and it was too late to mobilize emergency funds now, and there was no such thing.

What's more terrible is that although I bought a lot of Hong Kong stocks this time, due to the operation error last time, most of their chips were received at a high level. Although the average price has been lowered a lot now, I want to get rid of it , It is estimated that at least until the Hang Seng Index rises to around 10,000 points.

   "How about selling some of it now?" A thought suddenly jumped into his mind, but after thinking about the possible consequences later, he decisively extinguished this thought.

In the final analysis, these funds belong to the state. Although the clear purpose is to support and support the capital market in Hong Kong, a certain amount of loss is allowed, but when you think of a possible loss of 20% or more, even if Zhuge Guan wants to protect him, I am afraid. At that time, Song Ling will be pushed out to sacrifice the flag, after all, he has offended too many people during this time.

   What Song Ling never imagined was that he was lured into the cage like a tiger, and it was too late when he found out. Now even if he is ambitious, he is helpless.

This doesn't work, that doesn't work, Song Ling didn't know what to do for a while, his face was ashen, sweat was profuse, suddenly he felt that his eyes were dark, and countless gold stars were spinning and dancing, and then he fell down on the ground with a "gudong" sound. On the ground, he passed out on the spot.

   "Song Sheng, Song Sheng!" Seeing this scene, the traders rushed over, some hurriedly called, and some went to pinch people, and the whole hall was busy for a while.

  …

It didn't take long for the red-chip stocks without financial support to decline. This phenomenon was immediately captured by the market. Investors who were still on the sidelines saw that the stock prices of the red-chip stocks plummeted downwards like diving, and they had no funds. The phenomenon of taking over orders made them quickly realize that there might be a problem with the so-called central funds, and they would no longer support them.

  The disappearance of the last straw completely shattered the illusions of investors, and they began to sell frantically. This kind of selling is as tragic as "I only hate that my parents have lost two legs". Soon, this wave of selling swept the entire market, whether it was red chips, blue chips, or finance, real estate, and services, all sectors began to fall.

   It must be noted that today’s sharp drop after the market opened has fully demonstrated the expectation that Peregrine may be liquidated, and the current drop is a further drop in market confidence, but it has nothing to do with the overall situation. But even in this case, except for a few financial companies that may benefit from the liquidation of Peregrine, the stocks of the others turned **** red without exception.

   8300, 8200, 8100, 8000 and other integer points soon fell, and the Hang Seng Index plunged into the range of 7000 points, and even rushed to the position of 7900, almost falling below this number. Fortunately, at this time, the short positions of the Hang Seng Futures Index began to close their positions on a large scale, which made the market barely fall below 7900. Even so, today's situation made everyone sweat.

   As for the Hang Seng Index futures, in fact, after reaching the 8000 point position, the short side began to liquidate their positions on a large scale, but because the decline was too fierce, the short side’s liquidation behavior still failed to stop the market’s decline. However, as the broader market fell more severely, the magnitude of this liquidation increased. In the end, the news that the short sellers began to retreat reached the broader market, which made the Hong Kong stock index stop before 7909.

Now that the bears have started to retreat, it means that they are satisfied. In this case, the Hong Kong stock market began to slowly rise again. Finally, under the influence of the retreat of the bears, the Hang Seng Index stayed at 8121 points, which was only 93 points lower than the opening figure. , fell 773 points throughout the day, a drop as high as 8.7%.

   So far, the trading of Hong Kong stocks on January 12 has come to an end.

   Not long after the market closed, Peregrine broke the news and entrusted a law firm to liquidate and transfer all assets. At this point, the liquidation process of Peregrine officially began.

  The media is also very good at exaggerating the atmosphere, linking the liquidation of Peregrine and today's plunge in Hong Kong stocks with a movie that caused a global sensation last year, calling what happened today the "Titanic Hong Kong stock market" incident!

   Thanks to book friend 140106105236697, the not-so-fat sheep who voted monthly! In the new month, new highlights will continue. I hope that more book lovers will pay attention to this book. Everyone's support is the author's motivation.

  (end of this chapter)