Rebirth of the Financial Crisis Sweeping the World

Half an hour later, Bank of America's stock price reached US$15.00 per share. Wang Guanxi was overjoyed and said, Fortunately, we closed the position in time tonight to avoid losing a lot of profits tonight.

Huang Shaokai echoed excitedly: Yes, BOSS, fortunately we have closed the position, otherwise we would have lost a lot of profits on the books.

Zhang Dexi: The U.S. stock market fell at the opening tonight, giving us the best opportunity to close our positions.

Wu Zhankun also echoed: Yes, if it is later, we will lose a lot of profits.

As soon as the U.S. stock market opened tonight, Fund No. 4 decisively began to close its positions, clearing the short orders of Bank of America before the U.S. stock market became strong.

And now Bank of America's stock price has hit $15.00 per share.

Fund No. 4’s short position clearing orders were very timely.

Wang Guanxi said with a smile: It is a good thing that Bank of America's stock price has surged this time, let it continue to rise.

Seeing that the share price of Bank of America Corporation was firmly above US$15.00 per share, Wang Guanxi murmured: I don't know what the plans of Imperial Bank of India and Union Bank of India are now?

Wang Juehao said: BOSS, the share price of Bank of America has risen sharply just now. I think it must be the Imperial Bank of India, and the United Bank of India is increasing its holdings.

Bai Weiqiang also said: I also think they are increasing their holdings. Hehe, they are also buying at a high level.

Wang Guanxi nodded: These two Indian financial giants should have increased their holdings in large amounts.

Feroz Sanghavi and Jirayu Amin were very arrogant on the phone before. They kept saying that they would increase their holdings of Bank of America shares. They should have taken action just now.

At this time, Wang Guanxi's phone rang. It was Feroz Sanghavi from the Imperial Bank of India.

After getting through, Wang Guanxi asked: Feroze Sanghavi, what's the matter?

Feroz Sanghavi said on the phone: Wang Guanxi, you ran really fast this time. You should make a lot of money, right?

The 40 million shares borrowed by Wang Guanxi have been returned to them by the Imperial Bank of India. He originally thought that Wang Guanxi would continue to hold the short list of Bank of America, but he did not expect that Wang Guanxi, the Chinese shrimp king, would slip away very quickly.

Wang Guanxi said calmly: I made a little money.

It’s only about US$1 billion.”

When Feroz Sanghavi heard this, he felt unhappy.

This kid Wang Guanxi actually pretended to be sexy in front of him again.

Haha, I made a little money, only 1 billion US dollars, right?

What the hell are you pretending to be? Are you worthy of pretending to be X in front of me?

This was simply unbearable for him, who was so superior, and he immediately said: Wang Guanxi, don't think that you are complacent and arrogant just because you have made 1 billion US dollars. In the eyes of me, Feroz Sanghavi, 10 A billion dollars is small money.”

Wang Guanxi laughed: I didn't expect you to think that one billion US dollars is small money. I thought it was a lot for you.

Feroz Sanghavi also laughed: Wang Guanxi, to be honest, you are not qualified to show off in front of me.

Wang Guanxi: Haha, what should I say? Why am I not qualified? I make money and you lose money.

Feroze Sanghavi responded coldly: You don't deserve it, do you understand?

Wang Guanxi chuckled and said: You are just a defeated enemy. I know that you are dissatisfied in your heart and are so jealous that you can't distinguish reality.

Feroz Sanghavi laughed and said, How have I, Feroz Sanghavi, ever been defeated by you?

Wang Guanxi asked: You have suffered a lot of losses in Bank of America, but you are still not defeated?

Feroze Sanghavi chuckled: It's just that I'm temporarily at a disadvantage. I lost?

I'm totally going to increase my holdings in Bank of America. When the time comes, I'll lower my position. If the stock price rises, I'll make a profit on my book. Do you understand?

Is this your first day playing stocks?

Wang Guanxi was stunned and asked: The share price of Bank of America Corporation has risen sharply just now. Isn't it that your Imperial Bank of India is increasing its holdings?

Feroze Sanghavi: “It is not us, Imperial Bank of India, who is increasing our holdings, nor Union Bank of India, which is increasing our holdings, it is other financial institutions.”

Feroz Sanghavi and Jirayud Amin intend to increase their holdings, but the position they discussed to increase their holdings is $10 per share.

It's a pity that Bank of America's stock price fell to $11 per share and stopped falling, and then continued to rise.

They could only watch helplessly, hoping that Bank of America's stock price would fall to $10 per share so that they could increase their holdings, but they did not expect that it would now reach $15 per share.

But this is also a good thing. It proves that Bank of America's stock price has bottomed out and has reversed its decline.

Wang Guanxi, when Bank of America's stock price fell to $11 per share, were you closing the short position on Bank of America?

He guessed that Wang Guanxi must have closed the short order of 50 million shares when Bank of America's stock price fell to 11 US dollars per share.

Wang Guanxi laughed after listening to Feroze Sanghavi's words: You and Jilayu Amin must be waiting for Bank of America's stock price to drop to US$10 per share, and then buy Bank of America's bottom with a large sum of money, right?

Ahaha, I'm sorry, I liquidated all my short positions when Bank of America's stock price fell to $11 per share.

Two fools, Feroze Sanghavi and Jirayud Amin, had been waiting for Bank of America's stock price to fall to $10 per share, and then bought the bottom with a large sum of money. Unexpectedly, they inadvertently traded at $11 per share. When buying stocks, the company increased its position closing, causing Bank of America's stock price to reach $13 per share.

The two people could only stare.

Wang Guanxi, don't be proud. This time you just slipped away quickly. I will catch you next time, Feroze Sanghavi said with a sneer.

Wang Guanxi laughed: Then you continue to increase your holdings in Bank of America. By the way, I also plan to short Bank of America.

Feroz Sanghavi sneered and said: Okay, then you can try to make a short profit.

He thought Wang Guanxi was joking. Wang Guanxi had closed the short position of Bank of America, so naturally he was not optimistic that Bank of America's stock price would continue to fall.

At this time Wang Guanxi said again: I am really serious.

Feroz Sanghavi still didn’t believe it, “Haha, then I’ll wait for you to make a short move.”

Then the call ended.

Wang Guanxi shook his head: Damn it, I really want to short Bank of America again. You don't believe it and think I'm joking?

At this time, Huang Shaokai asked: BOSS, should we ask the Imperial Bank of India and the United Bank of India to borrow shares of Bank of America Corporation?

Wang Guanxi thought for a moment and said, We won't borrow from them for the time being. Let's borrow from other places first.

This time he plans to continue shorting Bank of America at a high level, but he does not have much funds, plus there are a lot of liabilities and huge interest expenses, so this time he is shorting Bank of America. He does not plan to let the Indians know how many stocks he has borrowed.

After all, the Imperial Bank of India and the United Bank of India have made a lot of money recently. If they join forces to increase their holdings in Bank of America, it will still be risky for him.

Thinking of this, he said: Go and inquire about the financial institutions that hold Bank of America's stocks and ask them to borrow stocks!

Yes, BOSS Everyone went to do it immediately.

Time passed by and the U.S. stock market closed.

Bank of America's stock price finally closed at $15.00 per share today.

The stock prices of Citibank and Wells Fargo also rose a bit, but not much. Funds No. 2 and Fund 3 still had huge floating profits on their books.

But what surprised Wang Guanxi was that Huntington Bank's stock price skyrocketed, from the previous US$1.5 per share to US$2.0 per share.

Huntington Bank has a total share capital of 1 billion shares and a market value of US$2 billion.

Wang Guanxi’s No. 1 Fund holds 50% of Huntington Bank, which is now worth US$1 billion.

The previous acquisition of 50% of Huntington Bank from American International Group cost US$750 million, and now there is a profit of US$250 million on the books.

It's really gratifying.

Zheng Yufei from Public Bank Malaysia, Huang Fengling from Indonesia's Bank Central Asia, and Yuan Kang from Sumitomo Insurance Company were discussing investments in the group.

Seeing Huntington Bank's stock price hit $2 per share, they all regretted it.

If I had known better, I should have continued to add more money and buy a controlling stake in Huntington Bank.

Yes, we should continue to increase prices, but now Wang Guanxi's account is actually overfilled.

If I had known better, I should have paid a higher price to buy Huntington Bank from AIG!

As for American International Group, Brian Schreiber regretted seeing Huntington Bank's stock price rise so much tonight, and at the same time he admired Wang Guanxi's vision.

Mr. Wang's vision is really beyond my reach.

Before, he was complacent because Wang Guanxi purchased the equity of Huntington Bank at a premium. Unexpectedly, Wang Guanxi had already spotted this deal.

Acquisitions at such a premium are still profitable.

··

The next day, Thursday, January 15th.

Wang Guanxi’s horsemen contacted Legg Mason Group.

Last night Legg Mason increased its holdings by 50 million shares of Bank of America Corp.

Wang Guanxi said to Dusty Franco, the Asia-Pacific head of Legg Mason Group: I plan to lend you the shares of Bank of America Corporation held by Legg Mason Group.

Dusty Franco asked: Mr. Wang, are you really planning to short Bank of America?

Their Legg Mason Group bought the stock of Bank of America at the bottom. He also believed that the stock price of Bank of America had just bottomed out. So Wang Guanxi wanted to go short?

It was so incredible that it really puzzled Dusty Franco.

Wang Guanxi said: Yes, Mr. Dusty Franco, I plan to short the shares of Bank of America. Your Legg Mason Group holds shares for a long time. You can lend it to me so that you can earn some interest.

Dusty Franco smiled and said: We at Legg Mason Group do intend to hold the shares for a long time, and we also need the interest. Haha, no problem, we will lend it to you. I hope you have fun shorting!

The shares of Bank of America Company totaled 50 million shares. They wanted to hold them for a long time, and they could earn a lot of interest by lending them to Wang Guanxi.

Anyway, they don't care about Bank of America's stock price rising and falling for the time being.

However, it’s uncertain if Legg Mason Group’s customers redeem their funds again.

Okay, we have a good cooperation. I will send a lawyer over right away. Wang Guanxi thought for a while and then said: By the way, Mr. Dusty Franco, are you interested in selling the equity of Silicon Valley Bank?

Dusty Franco smiled and said: Sorry, Mr. Wang, we have no such plan yet. I will inform you as soon as possible when we sell it.

Okay then. Wang Guanxi then took the legal specialist to visit the Hong Kong branch of Mosaic Group and then signed the agreement.

50 million shares are worth US$750 million, and Wang Guanxi’s Fund No. 4 has US$2.5 billion in funds and needs to continue to borrow.

However, after asking several financial institutions, I only own very few stocks.

Wang Guanxi told the horsemen: Go and borrow 100 million shares from the United Bank of India.

When Wang Guanxi shorted Bank of America, he was blocked by Jirayud Amin of the United Bank of India!

This curly Jilayu Amin bought 100 million shares at that time.

You can borrow it now.

Yes, BOSS, and then contacted Jilayu Amin, the guy with yellow curly hair.

Without saying a word, Jirayud Amin directly agreed to borrow 100 million shares worth US$1.5 billion. Interest is $22.5 million per month!

Jilayu Aminer said to Wang Guanxi on the phone: Wang Guanxi, you are quite brave, haha!

Shorting Bank of America again?

Okay, haha, I'm quite brave!

Wang Guanxi laughed: What? What advice do you have?

Jilayu Amin sneered: I can't talk about advising you, but I can crush you more than enough.

Wang Guanxi responded: You are just a defeated enemy, what qualifications do you have to say crushing in front of me?

Jirayu Amin chuckled: What's that? I just hold shares in Bank of America for a long time. What am I afraid of?

Isn't it just a floating loss on the books?

I keep holding it, the stock price will rise sooner or later!

Don't forget, Bank of America is now one of the largest banks in the world. If you go short, in my opinion, you are just courting death.

Wang Guanxi laughed: I am optimistic about your blind self-confidence.

Jirayu Amin pulled his curly hair and said with a smile: I also appreciate your ignorant conceitedness. I am now officially informing you that I will crush you in Bank of America!

Wang Guanxi laughed: Are you notifying me again? Haha, okay, you inform me, you inform me, and then I'll see how you end up!

Haha, wait, Feroz Sanghavi has something to tell you! At this time, Jilayu Amin handed the phone to Feroz Sanghavi of the Imperial Bank of India.

Feroze Sanghavi said directly to Wang Guanxi on the phone: Wang Guanxi, our Imperial Bank of India still has 50 million shares of Bank of America Corporation stock. Why don't you dare to borrow it?

This Wang Guanxi shorted Bank of America again, but he was very excited.

Wang Guanxi said: We still have 250 million US dollars, please borrow 50 million shares.

Feroze Sanghavi asked: 250 million US dollars, you also want to borrow 50 million shares?