Back to 1995

Chapter 360 The Battle of Trapped Beasts
"Double-click the company today, and the stock price will close at 47 US dollars, and the market value has reached 70 billion US dollars, becoming the first Internet stock in America!"

"Double-click the company and issued a statement, declaring that the plan for the overseas market is expected to be completed, and a joint operation center will be established with the WPP Group in Europe. In the Asian market, the cooperation with Japan Softbank and Hua Guoying Haiwei will also be carried out at the same time. It is expected that the overseas market will be launched next year. revenue, will account for about 30% of the total revenue of Double Click..."

"Double-Click issued an announcement today, declaring that the revenue in the third quarter will exceed 300%, and the profit in the fourth quarter may hit a new high."

"Double-click co-president Whitman accepted a joint interview with NBC and ICNC, saying that Double-click had no major business changes in the near future, and also claimed that double-click stock price fluctuations are normal!"

After the market closed today, Double-Click released more than a dozen announcements in one go. Either the revenue exploded, or the buyback was completed on schedule. Regarding the stock price fluctuations, Double-Click even opened its eyes and told nonsense, saying that everything was normal...

Today, double-clicking on the market value has reached a height of 70 billion US dollars in one breath, officially surpassing Netscape, and becoming the real Silicon Valley Internet company with the highest market value. It only took one day to double-click.

The entire Wall Street and Silicon Valley media are reporting on Double-Click’s performance today, which is almost earth-shattering. The turnover of the whole day exceeded 18 billion US dollars, and the 3000 million outstanding shares were bought and sold many times.

"There are more than 6.5 investors who lost money because of double-clicking to raise the stock price, and there are more than [-] liquidators. Some securities companies will pay for today's liquidation account, and the cost will exceed [-] million US dollars!"

A Wall Street statistics company published a statistical report. The list on this report is all accounts of $50, all of which were wiped out today. The other small leeks have not had time to count and have not been included in this "big list" , but it is estimated that life will not be much better.

Later, the Wall Street media broke the news that Bear Stearns, Lehman Brothers and other institutions that provided funds and leverage for the short double-clickers today lost at least hundreds of millions of dollars today!

"Crimer's hedge fund did not accept media interviews today, but according to insiders, multiple accounts of Creamer's hedge fund have suffered serious losses, and the loss is expected to reach a staggering $[-] million.

If you double-click the company's stock price and continue to increase it, it may cause all short sellers, including Creamer and the New York United Foundation, to lose their positions! "

At the end of the day, everyone recalled that they knew that Creamer's gang had obviously been hunted down. With today's large transaction volume, it was obvious that a large number of dollars had been meticulously prepared to come to Kerry. Mo and the short-selling institutions.

In the evening, more news began to be revealed. The news that KKR Group and Deutsche Bank Investment Bank acted as the main force also began to spread. When they heard the names of Kravis and Addison, countless people suddenly realized.

These two people, one is a veteran of Wall Street, and the other is a newly promoted Wall Street power figure, and double-clicking at the same time is enough to cause waves on Wall Street.

In one day, hundreds of thousands of accounts with hundreds of thousands of dollars were wiped out directly, and the impact on Wall Street and the entire America was huge.

"New York farm tycoon Kaiden was declared bankrupt today. His family's farm in the suburbs of New York, which has been run for many years, is considered to be the most valuable farm in America. It is reported that Kaiden participated in the short sale of Double-Click Company!"

Elena, who didn't participate in the party today, was sitting on the sofa in the small apartment, watching TV boredly. There was something weird today. The whole New York was like a curfew. It's like disappearing collectively, there is no party.

For young models like Elena, catwalks on weekdays, as well as shooting those magazines, fashion models, etc., can’t support their high consumption at all, and they can get money when they are sent by the modeling agency to participate in parties. to a considerable expense.

At this time, a piece of news suddenly appeared on the TV, and Elena couldn't help covering her mouth.

Looking at Kaiden in the news, how could Elena fail to recognize that iconic straw hat? He is the farmer she met at the party yesterday, and she also received a tip from Kaiden. , Kayden invited her to visit his farm, but Elena didn't even have time to visit, and now he went bankrupt...

In the news, Kayden was ashen-faced, standing alone outside the farm, where there was a herd of dairy cows, and a large farmland planted with corn and fruit trees, which no longer belonged to him. No chance to take it out.

In order to invest more money in Creamer, Kayden also mortgaged the farm, borrowed a large amount from the bank, invested a lot of dollars to short Double-Click Company, and lost all the cash flow. When the first wave of pull-ups started today, Kayden went straight to liquidation!
In order to prevent Creamer from losing his money after the liquidation, Wall Street institutions took the lead in seizing valuable industries.

The first ones to attack are the big dogs like Kaiden, those little leeks, even if all the property is auctioned off, how much will they be able to recover. If Kaiden’s farm is sold, they may be able to make up for all the losses, or even make a small profit. !
The pessimism of human beings is different. There are people like Kaideng who fell into the street overnight, and there is a high probability that they will be burdened with huge debts in this life, and it is impossible to turn around. Naturally, there are "lucky ones".

In addition to the old leeks who "stick to their hearts", there are of course some "lucky ones".

In Maine, a reporter was interviewing a man who had just come out of a securities firm. The man was dressed as an engineer.

When facing the camera at this moment, the smile on the man's face was unstoppable, "Yes, I did earn some money. The account manager of the securities company called me today and said that there is something wrong with my account!"

"Did you buy double-click stock?" The reporter asked the engineer.

The man nodded, "Double-click when it was first listed, the stock recommender recommended it to me, bought it for five dollars, a total of [-] shares, in fact, I forgot about it, if I didn't receive a call today. "

When the reporter heard this, he didn't know what to say for a while. The man in front of him was a stock salesman who bought double-click stock for a fool.

But he actually forgot about buying double-click stocks, so he kept the tickets in his hand until now. Now, the 47 shares of double-click stocks are worth more than [-] US dollars, which is equivalent to nearly $[-] for an American family. All income for eight years!
"Stock analysts, suggest that I sell these stocks as soon as possible. I need to think about it. In the future, I may travel around the world. I am too busy." When asked about the purpose of the money, the middle-aged engineer Said.

Like this engineer, those who hold double-click stocks now, probably except for the old leeks, only forgot their account numbers, so they can eat this wave of fat.

The sky had already dimmed, and Creamer was sitting alone in the office, and the phone on the desk rang, urging him to ring.

Creamer picked up the phone again, and in a hoarse and dry voice, said what he had said countless times, "We will not lose, and we will win back tomorrow. As you can see, today we are only a little bit short. If you win, I can double your income!

I have already complained to the Federal Securities Regulatory Commission, and the double-click will never dare to go up again! "

These calls were all from investors who came to ask Creamer to refund their money. Too many people were really scared today.

Creamer is like a trapped beast now, but he is unwilling to admit defeat. He is still raising money everywhere, and now his hedge fund is also in a state of liquidation. As long as the stock price double-clicks to rise again, his hedge fund will be completely destroyed. In fact, the difference is not too big now. The funds in his hands are not even enough to close the positions. Creamer placed too many empty orders.

In addition to some investors who want to exit the market and take away the money they invested in, there are already short-selling institutions today that admit defeat and leave the market.

After losing 60% of his funds, James Chanos directly announced that he would close his position and leave the market, becoming the first hedge fund to officially announce his departure.

The phone rang again, and Creamer was about to repeat what he said just now impatiently, but there was a fierce voice on the other end of the phone, "Crimer, the money that belongs to me, I will see you tomorrow morning, not less than a penny." , otherwise I can't guarantee what I will do to you!"

After speaking, he hung up the phone with a snap. Creamer's face became ugly. He could tell that the call was from the New York Rangers hockey player. If he did it, even if he was shot in the street, he might be able to do it.

Gritting his teeth, Creamer knew that not only was this ice hockey player, but if he lost again tomorrow, I am afraid that all the investors who gave him dollars, and even the Wall Street institutions that followed him in short selling, would not let him go !
Now Creamer needs a dollar, a large sum of dollars, to suppress the double-click stock price, and he needs a hedge fund to be rescued.

Picking up the phone, Creamer made another call, "Please transfer me to Director Carl Icahn!"

"Director Carl Icahn, it's time for you to fulfill your promise. I need your support. If it fails, I'm afraid I won't be able to return your $2000 million on time."

Creamer said in a begging and threatening tone, threatening that if Carl Icahn didn't save him, then the 2000 million dollars of Icahn's company might be in vain.

Hearing Creamer's words, Carl Icahn was only silent for a while, and then said directly, "Icahn Company will not give you another dollar, and I want you to immediately return all funds belonging to Icahn Company Otherwise, Icahn will sue!"

Creamer was a little anxious when he heard this, "Carl Icahn, you promised me..."

"I need to tell you another Wall Street saying, I would rather have a dog than trust the people on Wall Street!"

After Carl Icahn hung up the phone, he sneered, looked at the long order in his hand, and couldn't help shaking his head. Who said he would only be short, and realized that the form was wrong, so Carl Icahn decisively began to do long and double-click the company , Today's profit has already exceeded the 2000 million dollars by several times.

Seeing the frighteningly high short-selling rate, Carl Icahn, like Goldman Sachs, was ready to cut a bunch of leeks.

"The funds obtained near the close were entered by other Wall Street institutions, not us!"

In the ICQ office building, a teleconference is also being held at the moment.

(End of this chapter)