At the same time, the heads of more than five hedge funds also voiced their support for Mok Pharmaceuticals and would buy the company's stock.
Under the operation of Lawrence, many Wall Street institutions and bulls related to Mok Pharmaceutical Company have expressed their support for Mok Pharmaceutical Company.
Especially some bulls who had been long before, because the leverage was not low, they were afraid that one would be unstable, and their positions would be liquidated. They directly started to build positions and buy stocks of Mok Pharmaceutical Company, forcing the market to drive up the stock price.
As a result of this behavior, on Tuesday, March 3, the stock price of Merck Pharmaceuticals rose by 1%.
On Wednesday, March 3, shares of Merck rallied 2%, taking the stock back above $7.
On Chen Fang's side, he seized the opportunity to let 'Needle Company' start selling its stocks crazily in the range of US$185-190.
In the end, before the market closed on Wednesday, he sold all the 187.6 million shares in his hand at an average price of US$3700 per share.
After deducting interest and handling fees, a total of 69.4 billion US dollars was obtained, and after deducting the principal of 65 billion US dollars, a profit of 4.2 million US dollars was made.
Regardless of the fact that the money is in single digits, it feels less.
You know, this is only two or three days of layout, and it has earned 4.2 million US dollars, which is already very strong.
Next, according to the K-line chart in the system, Chen Fang repeated two more times to buy at a low price and sell at a higher price.
Earned $3.2 million and $1.7 million respectively.
Added up, the three operations of buying low and selling high resulted in an additional income of US$9.1 million.
After such a pass, he cut a lot of leeks on the US stock market, especially those long-term institutions, who knew they were fooled, but still had to bite the bullet and get cut.
Now, I can only bet that the financial situation of Moke Pharmaceutical Company will be fine.
However, it is a pity that Moke Pharmaceutical Company's finances are really problematic.
……
(The tenth update is in place, but I can’t be happy. Alas, the average order has been falling. Now it’s not as much as before the last push. It means that my push is in vain. I’m almost depressed and bleeding. Is it true that the update is so fast? Is it suitable for me? It’s so uncomfortable. I strongly urge you to subscribe. If you have the conditions, please make up a full subscription.
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Chapter 613 The total decline has exceeded 40%
It's September 3st.
After investigation by the relevant departments in the United States, it was found that Moke Pharmaceutical Company did indeed have the problem of financial fraud.
For a while, the stock price of Merck Pharmaceuticals had no power to resist, and the confidence of those bulls and other investors collapsed directly.
Led by Citron CEO Andrew, the shareholders who held a lot of shares in Mok Pharmaceuticals immediately turned their backs and directly started suing Mok Pharmaceuticals to ask the company to compensate them for their losses.
The relevant departments in the United States also solemnly stated that they will deal with Moke Pharmaceutical Company seriously and impose fines.
Those investment institutions that originally wanted to raise the price and resist, began to sell their stocks one after another.
As a result, the stock price of Mok Pharmaceutical Company began to rush downward like a flood.
The closing price on March 3 was $14.
The closing price on March 3 fell to $15.
The single-day drop hit a new high, plummeting more than 32%.
Of course, according to the short selling situation of Chen Fang and others, the total price drop has reached 83.5 US dollars, and the total drop has reached 41%.
When it was still four or five in the afternoon in the US Eastern Time, it was already five or six in the morning in Shanghai.
In Jinmao Tower, the lights in the conference room of NL Company are still bright.
After hearing Long Yijun's exposure of today's battle situation, Zhao Hao shouted excitedly: "Damn it, the stock price has been hovering between $170 and $190 for the past half month, but I didn't expect it to plummet to $120 today!
The drop has exceeded 40%, Lao Chen, we made a fortune this time! "
Chen Fang rubbed his ears: "Keep your voice down."
Zhao Hao said with a sneer: "Hey, isn't this very happy!"
Luo Xu also cheered up at this moment: "According to my news, the stock price of Merck Pharmaceuticals collapsed mainly because the investigation results of the relevant departments in the United States came out, and this company did have financial fraud.
Afterwards, the shareholders jointly sued, the relevant departments demanded fines, and other investors’ confidence collapsed. Countless retail investors who were originally stable could not be stable, and began to sell their stocks in a panic...
If nothing else, Moke Pharmaceutical Company, this time it's over!
Not only is the drop more than 40%, I predict that when we buy securities to close the position, the drop is likely to reach more than 80%! "
As soon as Luo Xu said this, except for Chen Fang who was relatively calm, everyone else in the room erupted.
"An 80% drop?!!"
"Our short-selling scale is 204 billion U.S. dollars. If the drop reaches 80% as Lao Luo said, it means that we can intercept a short-selling profit of 163.2 U.S. dollars!"
Yao Fei pressed a calculator with trembling fingers, swallowed his saliva, and said, "Including the 9.1 million US dollars from short-term long positions a few days ago, the total income is 172.3 billion US dollars!"
"A revenue of more than 172 billion U.S. dollars? Damn, my little heart can't stand it!"
"Wow, I don't know why, but I suddenly want to cry."
"Aren't we too aggressive?"
"It's not us who are fierce, but Mr. Chen is so fierce, Mr. Chen is too NB!"
"Ever since I started investing in stocks with Mr. Chen, I realized just how rubbish the investments I made were. It's no different from a child's playhouse."
"Mr. Chen, why don't we get married, my sister is so cute, she will be 14 soon..." Zhou Zekai suddenly ran up to Chen Fang and said meanly.
Chen Fang pushed him, and said with a smile: "Go, I'm not very interested in minors, don't be kidding."
Zhou Zekai said: "Come on, I'm not joking, I'm serious, my sister is really cute..."
Huang Xiaotian came over and patted Zhou Zekai, and said with a smile: "Come on, old Zhou, don't use your sister to seduce Mr. Chen here. If Mr. Chen wants to pick up girls, just let him know, and I can arrange dozens of girls for him right away." Beautiful girl, your sister is not competitive."
Zhou Zekai said dissatisfied: "You're going too far!"
Bei Yiming said: "As soon as you mentioned this, I remembered, Xue Qi's sister is so beautiful..."
Chen Fang thought of something, looked at Luo Xu and said, "By the way, Mr. Luo, didn't you say that Mr. Xue called you before and asked you about our investment direction at that time? Did you tell him the situation?"
Luo Xu nodded: "I mentioned it to him, but I don't know if he has the guts. If he has, he should have made a lot of money by now."
……
Everyone was talking about Xue Qi.
Xue Qi didn't sleep all night. Looking at the stock price of Mok Pharmaceutical Company that fell into a slump, Xue Qi's eyes were slightly red, and his heart seemed to be bleeding.
"I'm just a scumbag, why didn't I listen to Lao Luo and go short Mok Pharmaceutical Company? Why? Because... I have a problem with my brain, hahaha..."
Xue Qi cried and laughed.
And in Xue's villa, Xue Zhenshi also stayed up all night today.
Looking at the closing price of only $120, she sighed.
Even though I am an outsider and my family did not lose money, I stopped Xue Qi from investing twice in a row before, which is equivalent to pushing out the money I got, which is also equivalent to losing money.
Therefore, Xue Zhenshi at this moment is both uncomfortable and regretful.
"Looking at the news before, Luo Xu and Chen, the 'needle company' controlled by them, shorted 204 billion US dollars. According to the current decline, if they buy securities to close their positions now, they can directly obtain more than 80 billion US dollars in short selling income... ..."
Income of more than 80 billion U.S. dollars... Hehe, the entire Xue family's assets add up to only this much money.
As for Chen Fang and Luo Xu, from the end of November last year to now, they have achieved such a large-scale income in just three or four months, which is simply a miracle.
"And...according to the current situation, the final decline of Moke Pharmaceutical Company is obviously more than 40%. Perhaps in the end, the decline can exceed 80%. Then their short-selling income will be... more than 170 billion US dollars!"
Mumbling to this point, Xue Zhenshi lightly clamped her legs.
Even if she is a woman with a strong heart, even if she is called the goddess of business, she has always been a cold, elegant, and lonely image of a strong woman on the outside.
But after knowing that Chen Fang and others may gain more than 170 billion U.S. dollars in profits from the short-selling of Moke Pharmaceutical Company.
No matter how proud she was, she couldn't help but get wet with envy.
At the same time, a deep sense of regret lingered uncontrollably in his heart.
"If I had known this, I wouldn't have stopped Archie, oh..."
Xue Zhenshi really regretted it now.
……
Xue Zhenshi, an outsider, knows that "Needle Company" has made a lot of money in the layout of shorting Moke Pharmaceutical Company.
The outside world, Wall Street will naturally not ignore this matter.
Numerous financial media, while reporting the tragedy of the collapse of the market value of Moke Pharmaceutical Company, boasted of the godlike short-selling operations of "needle company".
And these media, before that, most of them were not optimistic about the 'needle company'.
But now, they have directly blown the 'needle company' into the sky.
------------
Chapter 614 The overall situation has been decided
As the CEO of 'Needle Company', Luo Xu's name naturally resounded throughout Wall Street.
Wall Street was shocked when someone pointed out that Luo Xu was not of Chinese descent, but a real Chinese.
Naturally, the Huaxia media would not let go of this explosive news, and directly boasted about him. Countless Huaxia stockholders were eating melons while feeling proud.
A Chinese man shorted an American pharmaceutical giant, and within half a month, the market value of this company evaporated by more than 2000 billion U.S. dollars!
And it will continue to evaporate in the future.
Everyone will think that this person is simply NB, he is simply winning glory for the country, and he will laugh at American companies.
Although, this is a morbid psychology, but human nature is like this, everyone likes this kind of fun.
In any case, the matter of shorting Moke Pharmaceutical Company can be said to be the overall situation.
Next, just wait for the company's stock price to continue to fall, and wait until it falls to a suitable point, and then spend money to buy the stock back and return it to the brokerage.
As for brokerages, those with self-operated trading must suffer a lot, blood loss!
However, there is no self-operated market, and only a third-party brokerage has no effect. The interest earned is still earned. No matter whether you are short or long, you will inevitably have to pay interest money and handling fees to the brokerage.
Knowing that the general trend of Moke Pharmaceutical Company's stock is over, and the price collapse is a foregone conclusion, the stone hanging in Chen Xin's heart has basically fallen.
Although there is information given by Ryan three years later, it is dead information after all. In this case, some trivial events may cause the butterfly effect and cause the information to become invalid.
But fortunately, in the end, everything went according to Chen Fang's prediction, and did not deviate from the original track.
……
Yanjing, Huanrui Entertainment Company.
Chen Fang paid attention to the US stocks, but Fu Hang's focus was on how to complete the tasks given by Chen Fang in a reasonable, legal and efficient manner.
The big boss is a beauty-loving person, and he likes to help those beautiful female artists through the most needy moments in their lives. As a subordinate, how can we stop the boss from doing good things?
Not only can't stop it, Fu Hang, who is very enlightened, even intends to do his part for it.
It's just that Huanrui Entertainment used to be a clean stream in the entertainment circle, and there were no unspoken rules, but now, the sky is about to change, and Fu Hang inevitably feels a little emotional.
However, he knew that he had no choice. If he wanted to be that upright person, he would have to lose his job. As a man whose edges and corners had been smoothed by the years, he knew what kind of choice was the right one.
Besides, even if he wants to be an upright person, there is no room for him in the current entertainment industry.
After all, the general environment is like this. Since it cannot be changed, it can only be adapted.
Therefore, in order to cater to the boss's hobbies as much as possible, Fu Hang interviewed many beautiful female artists in the company after the New Year's Eve.
At present, the number of interviewees has exceeded a hundred, mainly the first, second and third tiers, and those female artists who are close to the third tier.
Going down, the reputation is not very big, he was afraid that the boss would not like it, so he didn't make an appointment, and when the company favored them in the future, it would not be too late to make an appointment.
These hundreds of beautiful female artists are just a small part of Huanrui Entertainment's female artists.
It is worth mentioning that Huanrui Entertainment Company is actually a group company with more than one brokerage company under it.
Therefore, there are many, many artists under its banner.
And these hundreds of good-looking female artists, under his persuasion, are willing to take shortcuts, so far there are 24 of them.
They only talk about appearance, Fu Hang thinks that if he just pulls one out, he can get a hit.
Among the remaining female artists, some seemed rebellious and had a bottom line, and some of them had a partner, and Fu Hang couldn't force it.
However, it is also very good to be able to convince 24 people.
Today, the last person and the most important female artist will come to talk to him.
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