After not going to work, he counterattacked and became a big boss

"Hey, how much do you think the stock price of Mok Pharmaceuticals will fall in the end?" Yao Fei asked.

"I think it can drop by at least 30%, no, 40%..." Zhao Hao thought for a while.

"40%? Zhao Hao, you are too conservative. If the 'Coyote Company' can help, I don't think a 50% drop will be a problem!" Huang Xiaotian said.

"You guys are too ruthless. One is 40%, the other is 50%. The market value of Mok Pharmaceuticals is 5000 billion US dollars. If it falls by 50%, the market value of 2500 billion US dollars will evaporate. Their financial fraud is only 470 billion. U.S. dollars, can’t it?” Bei Yiming expressed his opinion.

Zhao Hao sneered: "If you don't understand the stock market, don't talk too much. Market value is market value, and finance is finance. Do you know what 470 billion US dollars of financial fraud means?"

Huang Xiaotian said with a smile: "Such a large-scale financial fraud means that the company's finances have huge loopholes, and even the company's management team has participated in the financial fraud, which involves the entire industrial chain of Moke Pharmaceutical Company.

Once confirmed, it means that Mok Pharmaceuticals has been defrauding their investors for the past 12 years.

At this time, the shareholders rebelled and sued, making the company lose money.

The relevant departments will also severely fine the money, and the IRS is not a vegetarian.

The company's credibility will crumble, and investors will no longer believe in the company and sell their shares.

Once the above two situations occur, it will directly cause an avalanche effect, and the decline of stock prices will not be stopped at all. "

Luo Xu nodded and took over the words: "That's right, this incident is not just about the intertwining of interests, but a game of human nature.

At this time, let alone 470 billion US dollars of fraud, even if the fraud is only 47 billion US dollars, it is the same reason.

A company without reputation is no longer worthy of people's investment.

If it were you, Yiming, would you dare to invest in a company that was accused of fraudulent financial fraud? "

The corner of Bei Yiming's mouth twitched, and he also realized that he was too one-sided in looking at the problem before, so he said with a smile: "What a fart, I definitely dare not vote, only a fool will vote."

……

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Chapter 611 Open a position, go long! (9 more monthly tickets and subscriptions)

In the discussion of the crowd.

Long Yijun once again reported the latest stock price trend of Merck Pharmaceuticals.

"Someone placed an order at $193 to start selling. As a result, the transaction volume was very small, less than 1000 shares. No one took over, and then lowered the price to $190... These people are in a hurry!"

There is no suspense, after the market opens today, the stock price of Merck Pharmaceuticals will fall, that is inevitable.

However, at the current ambiguous point of time, everyone does not know the future direction of the stock price of Merck Pharmaceuticals, so no one dares to take the offer easily.

When everyone in the meeting room was excited about the stock price drop, they were calculating how much money they had made from such a drop.

As the leader of this investment, Chen Fang has sunk his mind into the wealth system.

Looking at the K-line chart, Chen Fang narrowed his eyes slightly: "According to the trend of the K-line chart given by Ryan, the stock price of Merck Pharmaceuticals fell by 15% today, and it will rise by 12% in the next two days, and it will increase by 100% in a single day." The transaction volume is as high as more than [-] billion US dollars!

This situation of falling and resisting will last for about two weeks. It was not until March 3 that the stock price of Mok Pharmaceutical Company was unable to resist, and finally fell all the way to the bottom.

Short selling is definitely not an option, because securities companies will not open short selling business at this time, otherwise, they will be either stupid or bad, and will be investigated by relevant departments.

But doing more... Once the operation is done, you can make money from the daily back and forth amplitude. "

"Mr. Chen, what are you thinking?" Luo Xu asked when he saw that he was in a daze.

Chen Fang glanced at the K-line chart in the warehouse again, turned off the system, turned to look at Luo Xu, and said, "How much money do we still have?"

Luo Xu replied: "After the funds from Sequoia are enlarged, there is still a remaining US$64.5 billion in stock trading capital. If it is used for on-site margin financing and securities lending, it can operate a maximum of US$129 billion.

Mr. Chen, you ask this, do you have an idea?

However, in the current situation where the stock price has fallen significantly, brokerages have completely closed the short-selling business of Moke Pharmaceutical Company. Even if we have money, we have no way to short-sell this company.

Unless it is, change to another company? "

Chen Fang shook his head and said with a smile: "No, if you don't change the company, it will be Mok Pharmaceutical Company."

Luo Xu was stunned, and asked uncertainly: "It's still Mo Ke, this, Mr. Chen, don't you want to buy more of it?"

Chen Fang nodded: "That's right, we still have 129 billion US dollars left in our hands to operate, it would be a waste to put so much money in our hands and not use it.

And since we are not short, then we will go long, short-term long. "

Zhao Hao hurriedly said: "Fuck, old Chen, is this okay? Now the stock price of Moke Pharmaceutical Company is obviously going down. If you go long at this time, it's a bit too dangerous, right?"

The others nodded one after another, feeling that Chen Fang's doing so was indeed a little risky.

Chen Fang said in a deep voice: "Today's stock price will definitely go down, but tomorrow's stock price may not be so.

When Mok Pharmaceuticals reacts and announces that Eric is just spreading rumors, and some retail investors and investment institutions gather together to keep warm, the stock price is likely to be forcibly pulled up by them.

Of course, I don't know if this is the result, but I can take a gamble. "

Everyone fell into silence.

Yao Fei was the first to break the atmosphere, shouting excitedly: "I think Mr. Chen is right, you can take a gamble!"

Hearing this, Chen Fang gave him an approving look, and said with a smile: "If the bet is right, we can definitely use the funds in our hands and make a fortune."

Chen Fang didn't discuss anything with him, but just told them his next plan.

Then he decisively ordered to Luo Xu: "Mr. Luo, tell the needle company to open a position around 175 US dollars, eat as much as you can, until all the funds we can use are spent!"

"Mr. Chen, are you serious?"

"Nonsense, of course it's true. Hurry up and get someone to do it. We only do T+2. Buy today and start selling the day after tomorrow. Just follow my orders." Chen Fang said.

"Okay." Luo Xu didn't say much, the leader was Chen Fang.

So, according to Chen Fang's instructions, Luo Xu called the 'needle company' to open a position at the price of 175 US dollars, and began to buy the stocks of Moke Pharmaceutical Company.

However, the stock price of Mok Pharmaceuticals during this time period is still hovering at $190, and it will take a little time to fall to $175.

However, according to the K-line chart in the system, Chen Fang knew that when the stock price fell to 173-174 US dollars today, the amount of buying and selling was the largest. There was a gap between the reality and the K-line chart in the system, so Chen Fang chose Open a position at $175.

As long as it goes well, most of the purchases can be realized at the position of 129 US dollars with 175 billion US dollars of operable funds.

Sure enough, many retail investors in the U.S. stock market, after finding out that Mok Pharmaceuticals had not made any statement for the time being, knew that this matter might be a big deal.

A pending order of $190 cannot be sold, and the trading volume is only a few thousand shares.

Some people bought it at $185, but the volume was very small, and it was impossible to move after less than 10 shares.

The volume at $180 was good, and the trading volume reached 500 million shares, but soon those who bought positions were full and had no money, and then the stock price began to fall again.

It wasn't until the stock price fell to 175 US dollars that someone built a large position and bought here. This 'person' was naturally the 'Needle Company'.

At this time, these retail investors panicked, eager to sell their stocks at a low price immediately, and then stop the loss. They grabbed this life-saving straw and didn't even think about whether to calm down at this time. Clearance started immediately.

Therefore, before today's U.S. stock market closed, 'Needlehead' bought $175 billion worth of stocks at $65, taking in about 3700 million shares.

……

Chen Fang and the others were in high spirits.

In Xue's villa, Xue Zhenshi, an outsider, couldn't sleep at the moment, leaning against the head of the bed, her beautiful eyes fixed on the K-line chart of Moke Pharmaceutical Company.

"It has fallen to 175 US dollars. The last closing price was 203.5 US dollars. This means that just a few hours after the opening of the market today, the stock price of Merck Pharmaceuticals fell by a full 28.5 US dollars. The decline has reached 14%. Will it go down?"

Xue Zhenshi murmured, her whole body seemed a little dull, and that beautiful face was full of indescribably complicated expressions.

Because there is no limit on the rise and fall of U.S. stocks, it can fall below 10%, or even more than 20%.

After half an hour.

"It fell, fell again, and now it has fallen to $173.4, a one-day drop of almost 15%. Will it fall below $170 today?"

……

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Chapter 612 You can only bite the bullet and get cut (10 more monthly tickets and subscriptions)

At five o'clock in the morning, the U.S. stock market was finally closed.

Today's stock price of Mok Pharmaceutical Company can be said to be in the green light all the way, and it has fallen all over the place. Retail investors who can't stabilize and those bulls with too high leverage have suffered big losses.

Only those who are stable have not yet sold their stocks. These people are still betting that Eric's report this time is false.

Once the bet is right, everything will be fine when Mok Pharmaceuticals releases a clarification statement.

Some people even seek wealth and insurance, just like the "needle company", they built positions at low prices and bought a lot of stocks.

In the end, today’s closing price was $172.4, a one-day drop of 15.2%.

Created the largest single-day drop for Mok Pharmaceuticals since the 21st century.

The market value evaporated directly exceeded 780 billion US dollars.

It can be seen that this time Eric exposed the financial fraud of Moke Pharmaceutical Company, and how severe the blow to the company's stock price was.

"Did I really make a mistake this time?"

Xue Zhenshi sighed, feeling a little tight in her chest.

If I had known this was the case, then at that time, Xue Qi should not have been prevented from shorting Moke Pharmaceutical Company.

However, she still has a glimmer of hope in her heart. After all, Moke Pharmaceutical Company has not issued a positive statement yet.

What if there is a turning point in this matter?

To be honest, with such a thought, she knew that she was already a little dazed, and she got into trouble with this matter.

……

There is indeed a turnaround.

Mok Pharmaceutical Company here.

After Eric's "Coyote Company" shorted the report, pointing out that they used inaccurate and even fraudulent financial statements to cover up the company's financial and operating problems, there was chaos within the company.

Because, the company's CEO, Lawrence, suddenly lost contact in the past two days, and he couldn't get through the phone, and he couldn't find anyone.

The leaderless Mok Pharmaceutical Company is a bit at a loss as to what to do.

After the U.S. stock market closed, at [-]:[-] p.m. U.S. Eastern time, when people from Mok Pharmaceuticals found Lawrence, they found that he was having a party with his five lovers in a sea view villa, and they were having a good time.

Lawrence was a little embarrassed at the time, but as the CEO of a $5000 billion company, he quickly calmed down.

After getting dressed, ask what happened.

After the employee informed Lawrence of the situation, Lawrence immediately realized the seriousness of the matter, and scolded the other senior executives in the company for being idiots. Could it be that they would not be able to maintain the normal operation of the company without him?

After returning to the company, Lawrence immediately called the company's top management to start a meeting.

After the meeting, Lawrence immediately had a headache, because although the accusation report released by Eric deviated from the real situation, there was indeed a problem of financial fraud on the Mok Pharmaceutical Company.

This is great, people are not slandering, so what should I do?

Admit that the company's financial fraud?

No, no, no, this is absolutely not acceptable. Once admitted, Moco Pharmaceutical Company will be finished.

So Lawrence called a press conference to respond to the incident.

He gritted his teeth and said that the report issued by Eric's Coyote Company was false, full of loopholes, and slanderous!

Even, in order to prove his innocence.

On March 3, after the U.S. stock market opened on Tuesday, Lawrence paid out of his own pocket to buy $1 million worth of the company's stock when the stock price of Merck Pharmaceuticals plummeted, proving his confidence in the company to the outside world.

At the same time, Lawrence also contacted Andrew, the CEO of Citron Research, and asked him to help clarify.

Otherwise, because Andrew holds a lot of shares in Mok Pharmaceutical Company, once Mok Pharmaceutical Company is found guilty of financial fraud, Andrew will also suffer heavy losses.

There is no way, Andrew can only issue a statement to the outside world through the Citron Research Institute, saying:

"The stock of Mok Pharmaceuticals is the cornerstone of the US pharmaceutical industry, and these allegations made by 'Coyote' are reckless, and the credibility of the source is extremely dubious."

Seeing the voice of the Citron organization, Eric immediately began to fight back. He also said: "This investigation of Mok Pharmaceutical Company was helped by honest people from Mok Pharmaceutical Company. Who is it for their personal safety? It is safe and cannot be disclosed.

However, the financial fraud of Moke Pharmaceutical Company is indeed true, and we strongly request the relevant departments to review this company! "

At this point, Citron couldn’t refute it, but changed the subject, stating from that report: “Aggressive accounting and fraud are two different things. The SEC has allowed aggressive accounting for years, and it helps drive economic growth.” .

And, if there was fraud at Merck, it was the massive conspiracy of thousands of accountants, auditors, and divisional CFOs who have been secretly cooperating for the past 12 years.

This is absolutely impossible! "

Eric didn't say anything, but said: "It's useless to say too much, let the relevant departments check to see if there is any problem, isn't it?"

Citron also insisted on his attitude: "We don't believe that Mok Pharmaceuticals will make financial fraud, so we will buy its stock to show our support!"