If you cheat, money will follow

On the last day of the holiday, Chang Le will return to Jiangzhou.

In the VIP waiting room of the airport, Jiang Xia held Chang Le's hand and kept talking, her reluctance to leave was beyond words.

"Chang Le, you have to call me every day after returning to Jiangzhou. I just want to talk to you."

"Also, you must reply to the text messages I sent in time."

"You have to answer the phone call I make in time. If there is something else, you have to tell me via text message, otherwise I will worry."

"If you have time, it would be better if you could come and see me."

"Also, don't hook up with other girls. I know there will be many girls trying to catch your attention."

"in addition……"

Girls in love are generally like this. When they meet someone they particularly like, they will be very talkative, will be very active in intimate contact, will always pay attention to your every move, and will suddenly become unreasonable and troublesome.

They will also have a strong desire to share, share trivial things in daily life, and will haggle over small things. Of course, they will also have a strong desire to possess.

Chang Le has rich experience in this regard.

Just listen carefully and occasionally interject a sentence to let her know that you are listening to her, paying attention to her, and caring about her, and she will be very happy.

If you can change a topic that interests her more and divert her attention, the effect will be better.

"Xiao Xia." Chang Le stroked Jiang Xia's hair affectionately.

"Well..." Jiang Xia obediently rested his head on Chang Le's shoulder.

"Look, I went to your house this holiday. Then you should go to our house next time. Come to our house to celebrate the New Year this year." Chang Le suggested

"Ah?" Jiang Xia was pleasantly surprised, and then worried about the gain and loss: "Will dad and mom agree?"

"Then I ask?"

Before he finished speaking, Chang Le had already made a call.

"Hey, uncle. I've arrived at the airport. Yes, Xiaoxia is next to me."

"Well, I have something to ask your and aunt's opinion on."

"It's the Chinese New Year this year. I want to take Jiang Xia home for a visit."

"Yeah, that's the idea."

"Yes, I asked her. She wants to go, but she is too embarrassed to tell you."

"Thank you uncle, it's settled then."

Jiang Xia listened to the whole process with her phone close to her phone. When she heard her father agreeing on the phone, she had a bright smile on her face, and her worried expression disappeared instantly.

Chang Le put down the phone: "Are you feeling better?"

Jiang Xia nodded like garlic and squeezed Chang Le's hand a little tighter, "Well, it's much better."

…………

On the second Sunday in October, people in the country are making up for work, people in Germany are enjoying a normal weekend, and the stock market is not trading.

The German media suddenly broke a piece of heavy news: Porsche submitted a transaction agreement with Leda Investment Company for review and approval by the economic department.

The general content of the agreement has also been roughly reported in media news, that is: Porsche will exchange 30% of its own shares and some manufacturing technology for the executable 10% of Volkswagen stock options held by Leda Investment Company.

The value of the transaction is roughly the same, and the melon-eating public knows: Oh, Leda Investment Company has a stake in Porsche Company, and that’s it.

But relevant institutions and companies are: What? Leda Investment Company invests in Porsche! ?

Leda Investment Company? Where did it come from?

It doesn't matter where it came from.

What's important is that the hedge fund managers involved in shorting Volkswagen accurately captured a key piece of information, stock options? !

Do stock option positions not need to be disclosed?

These extremely smart brains quickly opened the Securities and Exchange Law and read the relevant provisions for options trading.

“If the party buying the option pays the option premium in full and does not use financing leverage, it can decide on its own when to announce the option position without fulfilling the obligation to disclose it to the outside world..."

Suddenly, the coldness of these extremely smart brains rushed from their feet to their heads, and there was only one thought left in their minds: Barbie Q!

If you pay the option premium in full, you will not fulfill your obligation to disclose it to the public?

Leda Investment Company quietly took 10% of the stock, so how much option position does Porsche hold?

have no idea! do not know anything! Don't know anything!

I went to Nima!

This is an asymmetric transaction! This is an unfair deal! This is typical insider trading!

What's more, the current total number of short orders of Volkswagen has accounted for 13% of the total circulating market, equivalent to 10.4% of Volkswagen's total share capital.

Currently, only 5.8% of the outstanding shares are available for trading in the secondary market. What does this mean?

This means that you borrowed 10.4 yuan, but you only have 5.8 yuan, and you still have 4.6 yuan that you still cannot pay.

4.6% of short orders will face the situation of having no coupons to cover.

No coupons to redeem? Damn you! Jump off the building!

This is a short squeeze, and it is a short squeeze in extreme circumstances.

The Frankfurt market does not support short selling without bonds due to risk considerations. Once the stock price is higher than the short selling cost, the short side has no bonds to add, and must cover the short order and leave the market with a loss.

Currently, the number of stocks available for trading in the secondary market is far less than the total number of short orders. There must be some short parties who are unable to cover their short orders or accept their losses and leave the market.

Can't accept the loss and leave? There is no theoretical upper limit to the rise of stock prices, and the risks are infinitely magnified.

These short positions that cannot be covered will suffer losses as much as the stock price rises.

The next day, as soon as the Frankfurt trading market opened, an unprecedented short squeeze broke out.

All institutions participating in short selling are frantically rushing to raise funds regardless of the cost, even if the current stock price is several times higher than the cost of short selling. No one wants to be thrown into the 4.6% situation with no coupons to cover.

There are words in the stock market that can be described as: "rushing out and trampling on each other."

However, the "trampling" here is not a smash in the usual sense, but a top.

In such a panic market mood of people racing to escape, Volkswagen's stock price opened higher and moved higher. The massive number of long orders pulled the stock price into a super positive line that rose vertically. It was no longer a helicopter, but a rocket!

(If you are interested, you can take a look at the market conditions from October 10th to October 27th this year).

In just one trading day, Volkswagen's share price rose from 200 euros to nearly 600 euros per share.

On the second trading day, the stock price continued to be driven up by massive long orders, directly exceeding 1000 yuan per share.

Volkswagen's market value has therefore surpassed Exxon Mobil, becoming the world's most valuable company.

At the same time, because Volkswagen is a heavyweight stock in the DAX30 index, Volkswagen's stock price soared, which in turn helped the DAX30 index soar.

In just two days, the DAX30 index soared 13%, completely in a state of extreme distortion.

If this state continues, the sky is the limit and collapse is the inevitable result.

The exchange was completely unable to sit still and immediately convened a discussion with representatives from Porsche and institutions that could not close their positions.

The process and content of the discussion are unclear and are kept highly confidential.

I heard that the order was good, the atmosphere was friendly, both parties were reconciled, and the supervisory authorities applauded.

With these four "good" guarantees, the two sides reached a "consensus" in just half a day.

Porsche proactively releases an equal proportion of stocks for institutions to close their positions and leave.

Institutions only need to pay a price that is "a few hundred million" higher than the usual market price.

All in all, everyone is happy.

On the third trading day, Volkswagen's stock price and the DAX30 index no longer had crazy short-selling prices. The prices fell quickly and returned to normal after a few days.

As for Gu Jiahui in Jiangzhou, under the arrangement of Chang Le, he planned in advance and took the initiative, switching between one more and one empty in a chic way.

In just a few trading days, the profits harvested directly reduced the cost of organizing this transaction by Leda Investment Company by 3%, which can be described as huge.

That's how money is made.