Fight To the Third Generation

In the study, drinking seafood porridge brought by the nanny.

Su Yehao was learning about the account changes, and Zheng Yongwen contacted him again.

On the other side of the phone.

Zheng Yongwen said with a smile:

"Last night, I bought 710,000 Nasdaq 100etf put options, with a total amount of more than 280 million US dollars. I didn't expect to wake up this morning and find a small profit. What about you, my subordinate told me that I traded last night. The congestion was two minutes, the Nasdaq index stopped updating for more than 20 minutes, and the transaction was very busy. According to the "New York Times", a mysterious large short order from Hong Kong City collided with other short orders, resulting in It caused panic among investors, that large short order is yours, right?"

"...On the news? Wait a minute, I'm in front of the computer, searching for a look. I did open a short position last night, with a total size of more than six billion US dollars. I originally wanted to send you a text message, but later I was so drowsy and forgot, I fell asleep in the car on the way home."

When speaking, Su Yehao pulled the keyboard in front of him.

Check the English words of the keywords "New York Times" and "Nasdaq", and sure enough, through the Google search engine, I found some related news.

As more and more media begin to pay attention to the online news business, it is much easier to find information than the previous two years.

Zheng Yongwen's voice continued to come, and he asked in surprise: "In one night, you opened such a large short position? With such frequent transactions and such a large amount, no wonder it caused market panic. Have you hedged?"

Su Yehao said truthfully:

"It wasn't one night, it was from twelve o'clock in the middle of the night to more than one o'clock in the evening. To be honest, I don't quite understand until now. What is the benefit of hedging? If you only earn some three melons and two dates, it is better to put the money in the bank and earn interest. . My funds are not all used to short the Nasdaq, but also short Amazon, AOL Time Warner, Yahoo and other companies, the transaction congestion should have nothing to do with me... right?"

Hedging, the purpose of the parent order is to make a profit, and the hedged order can ensure that when investors fall off the rope, they can land as smoothly as possible and avoid the risk of single-line investment.

This method of operation has advantages and avoidance, and once the decision is wrong, the loss will also be very large.

Although the profit of the second investment can compensate for the loss when the parent order is in loss, when it is profitable, it means that the other investment has a high probability of loss.

With Su Yehao's character, under the premise of being relatively confident, of course he doesn't like the form that reduces the risk, but often reduces the profit significantly.

"It's hard to say how much it has to do with you, but since the "New York Times" named it from Hong Kong City, it is estimated that there is a person in the Nasdaq exchange. This news is not groundless. Maybe when you sell short, there are other The emergence of large short orders immediately caused a short-term panic in the market, and the system collapsed due to too many orders.”

"..."

After listening to Zheng Yongwen's remarks, Su Yehao recalled what happened last night, and found that this seemed to be the case.

He has already seen the phrase "mysterious funds from Hong Kong City" from the English-language press release. If he further investigates the attribution of the account, it is estimated that he will find out sooner or later.

If he is a pure speculator, he is still a major shareholder of companies such as Yanwen Group and Google. As a Silicon Valley tycoon, he is optimistic about the market prospects. This approach is undoubtedly a bit embarrassing.

Once the news spreads, the shareholders of Yanwen Group and the financiers of Google will most likely have troubles in their hearts, and there may be some disturbances.

Consider this time.

Su Yehao started to have a headache. After frowning, he asked, "Brother Yong, how likely do you think Nasdaq will keep the account secret for me?"

"I don't know, I only know that there is no airtight wall in the world. Except for Nasdaq, securities companies, banks, and consulting companies are all likely to leak secrets. It's just bearish, and it's not illegal. Are you still worried about becoming famous?"

"Well, people are afraid of being famous and pigs are afraid of being strong. It's definitely right to plan ahead. My Yanwen Group fell 3.12% overnight. Do you think investors know that I have brought the market down, what will they think?"

heard.

Zheng Yongwen said calmly: "You are you, and a listed company is a listed company. There is no need to be afraid of this. It is impossible for others to say a few words, so you should not invest."

"Of course, maybe I should let Yanwen Group and Google use their idle funds to buy some bearish private equity funds."

......

For both of them, the market was only down slightly.

Although the trading was congested at night, the Nasdaq index stopped updating for more than 20 minutes, which seemed to be a sign that investors lost confidence in the market prospects, but after all, the decline was small, and the outside world did not respond.

So neither Su Yehao nor Zheng Yongwen took it seriously.

Even if Su Yehao woke up and earned more than 150 million US dollars, he didn't dare to treat it as his own money. As long as the chips were still on the gambling table, he should never be too happy.

After hanging up the phone.

Su Yehao continued to sit in front of the computer and searched for his name.

In addition to some news about investment failures, most of them are all kinds of lace news, such as going to New York some time ago, met British actress Catherine Zeta Jones at a party, ran into each other at the hotel door when leaving, and said hello to each other. , was photographed by the American paparazzi and exaggerated.

In addition, there is Tianyu Entertainment. Recently, due to the continuous preparation of several TV series and movies, Jiang Yu and Nangong Tian have frequently appeared in the eyes of everyone, which is inevitably linked to his name.

By the way, he looks like a proper playboy.

That night.

The Nasdaq fell another 1.7%, and the market remained quiet.

Another day passed.

On Wednesday in the United States, the Nasdaq fell further, narrowing its decline to 1.1%, recovering 0.31% on Thursday, and falling 3.82% again on Friday.

Like boiling a frog in warm water, experts say it's a normal callback.

However, the Nasdaq has fallen by 9% since the beginning of this week, and Su Yehao not only recovered the losses of last month, but also made a profit of more than 400 million US dollars.

Harbor City.

Saturday morning.

Su Yehao shook Erlang's legs and hummed a song. When he was eating shredded pork noodles with kidney flower, he told Jiang Yu:

"I found out that the stock market crash has come so quietly. Those financial institutions are really well-intentioned in order to deceive people. I don't know how many retail investors have been attracted to help them with the excuse of short-term correction. UU reading www.uukanshu.com”

He thought that with the size of Nasdaq's bubble, once the fall would be fierce, causing the stock market to melt down or fall by more than 4% or 5% in a single day.

After a small drop for three days, the United States also slightly corrected on Thursday.

It didn't fall in heavy volume until Friday, with an intraday drop of more than 4.4%.

Amazon fell 4.2% in a day.

AOL Time Warner Group fell as much as 4.45%, and Yanwen Group also fell 1.3%.

On Tuesday, Yanwen Group had reported to SEC, which is the U.S. Securities and Exchange Commission, that it used $800 million of idle funds to buy Fidelity Fund, Goldman Sachs Group, and several of Morgan Stanley's short-selling Nasda. Gram's private equity fund.

It was not a joke that Su Yehao told Zheng Yongwen to use spare money for financial management.

At that time, because the money was used for financial management instead of expanding market share, it caused ridicule from several financial experts.

Among the top 30 Internet companies with the highest market capitalization on Nasdaq today, more than 80% of them fell by more than 3%, but Yanwen Group fell by only 1.8% at most during the session due to financial management.

Anyway, there is no plan to privatize and delist, and there is no need to repurchase shares for the time being. For the sake of his own interests and the interests of shareholders, Su Yehao certainly hopes to be on his own and stabilize the share price of Yanwen Group.

You don't need to guess to know, it is estimated that the retail investors of the Yanwen Group have begun to praise Su Yehao for being wise.

After all, everyone has fallen, and less falls is a win.

Other companies have suffered heavy losses, but Yanwen Group has hedged some of the losses through its wonderful fund management.

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