Rebirth of the Financial Crisis Sweeping the World

Chapter 437 437 earned US$2.42 billion! reject!

The call was quickly connected, and Wang Guanxi asked: Why did Jilayu Amin call me?

On the phone, Jirayu Amin said angrily: Wang Guanxi, your investment report on Bank of America Company caused my transaction with BlackRock Group to fail. They refused to buy Bank of America Company from our Union Bank of India. of stocks!”

Wang Guanxi smiled happily: That's a matter between you and BlackRock Group, do it to me!

He also did not expect that the investment report of Blackshirt Investment Bank would be so influential that it actually caused the transaction between Union Bank of India and BlackRock Group to fail.

BlackRock Group must be worried that the share price of Bank of America Corporation will continue to plummet and is unwilling to acquire the shares of Union Bank of India at the current price.

Jirayu Amin pulled his long curly hair hard and said angrily: Wang Guanxi, if you hadn't released a short investment report on Bank of America, causing panic, our United Bank of India's transaction with BlackRock Group Nor will it fail.”

Wang Guanxi yawned and asked, Jirayu Amin, is this what you called me about?

Jirayu Amin said: Wang Guanxi, I know that you will definitely start closing the short list of Bank of America when the stock market opens next Monday, and then look for opportunities to buy the bottom of Bank of America. You close the short list, and then buy the bottom with a large amount. It will definitely make Bank of America’s stock price rise sharply, do you think I’m right?”

Wang Guanxi yawned again: It's wrong or maybe right. We won't know until the financial market opens next Monday.

Jirayu Amin chuckled: Am I wrong? You don't plan to close the short order? Why do I think you must be planning to close the short order and then buy the bottom? Otherwise, why are you spreading rumors about Bank of America? The company was nationalized?”

This is your plan!

I know very well!

Wang Guanxi said calmly: The plan can't keep up with the change. I don't plan to close the position. Who said I want to close the short position of Bank of America?

Feroze Sanghvi of the Imperial Bank of India told you?

Jilayu Amin: Wang Guanxi, stop pretending!

Wang Guanxi: What exactly do you want to say? What is the purpose of your calling me this time? I am very busy, so I won't talk to you anymore!

Wait! Jirayu Amin struggled for a moment and said, I plan to settle the shares of Bank of America with you. How about settling at the market price of US$3.9 per share?

Wang Guanxi laughed and said in a disdainful tone: Jirayu Amin, it turns out that you are just like Feroze Sanghavi. Come and kneel to me!

Jilayu Amin suddenly became furious,

It was like a volcano about to erupt, but he forcibly pressed it down. His chest heaved and his face flushed, but his tone was just slightly angry and he said: Mr. Wang, I'm negotiating a deal with you, why should I kneel down? explain?

This Chinese wild boar was so hateful that he suppressed it.

Wang Guanxi said: The transaction is possible, but the price is US$3 per share!

Jirayu Amin: No, it's too low, it's $3.9 per share!

Wang Guanxi said calmly: Then you should sell it on the market yourself. I will close the position then.

Jirayu Amin suddenly said angrily: Wang Guanxi, very good, I am officially informing you that in the days to come, I will never be done with you! All the companies I invest in the United States will block you!

Haha, I'm so scared. Wang Guanxi smiled nonchalantly.

Jirayu Amin said coldly: I once again formally inform you that the automobile companies, retail companies, and banks I have invested in will all compete with you to compete for the market, and I will cause all your physical enterprises to close down.

Wang Guanxi laughed: Jirayu Amin, you have no ability at all, and you still like to brag. Do you want to lose face?

Jirayu Amin chuckled: Your Ford Motor Company, Macy's Department Store, Huntington Bank, Fifth Third Bank, Silicon Valley Bank, and East West Bank are all in crisis now. Feroz Sanghavi and I, and we Friends, your industrial empire will be swept into the garbage heap, do you understand?

Wang Guanxi laughed: The phone signal is not good, please say it again!

Jilayu Amin hung up the phone directly and did not continue talking.

He threw his cell phone on the table and said angrily: This Chinese wild pig really doesn't know how to behave, it's so shameless!

Feroze Sanghavi put down his tea cup and said: This Chinese shrimp king has no idea how powerful the world is when he gains power!

Jirayu Amin asked: What do we do next? Sell Bank of America Corporation shares in the market?

Feroze Sanghavi held the cup tightly: This is the only way to cash out funds. If our Imperial Bank of India's domestic business had not been hit and we needed money, I would not be in a hurry to sell financial assets.

Jirayu Amin sighed softly: We, the United Bank of India, are similar. We are anxious to mobilize funds to go back to the country.

Then he leaned on the sofa, looked out the window, and said again: I invested too much internationally this time and bought a lot of stocks at low prices. But I didn't expect that India is short of money. Now I have to sell Bank of America. stocks, but this Wang Guanxi is spreading rumors that Bank of America Corporation has been nationalized, which makes me a little scared inside!

Feroze Sanghavi: There is nothing to be afraid of. Wang Guanxi is just spreading rumors. The stock price of Bank of America may rise when the market opens next Monday!

Jirayu Amin: I hope so. This time our Union Bank of India is long 200 million shares, of which we borrowed 100 million shares for Wang Guanxi to short. If he doesn't close the position, I won't be able to sell it. This China Wild boars are so hateful!”

Feroze Sanghavi: Don't worry, this Chinese shrimp king will definitely liquidate his position, otherwise he will not spread rumors that the Bank of America Corporation is nationalized.

Jirayu Amin: I hope so. After solving the plight of the companies in the consortium this time, we will take care of this Chinese wild boar!

Feroz Sanghavi nodded: Ford Motor Company and Macy's Department Store, the king of Chinese shrimps, are on the verge of bankruptcy. They will definitely not survive this economic crisis. By then, Fifth Third Bank, Huntington Bank, and Silicon Valley will also be The banks were brought down, and of course East West Bank would have been doomed if it had also lent money to Ford Motor Company.

Jirayu Amin: That's right, especially when Ford Motor Company has debts of US$236.8 billion, net assets of negative US$14.5 billion, and huge annual expenses. It will definitely lose more than US$10 billion this year. Let me see if this Chinese wild boar has any How much money is needed to fill the hole!”

Feroz Sanghavi: The retail giants and automobile giants we invest in will block his Macy's department store and Ford Motor Company, making him bankrupt this year. This time, although he shorted Hong Kong's HSBC, Citibank, and Wells Fargo , Bank of America Corporation has made a lot of money, but it will definitely not be able to fill the pit of Ford Motor Company.”

Jirayu Amin nodded: Yes, not to mention that this time he still used a large amount of funds to buy HSBC, Citibank, and Wells Fargo. I guess he doesn't have much liquidity on hand just like us.

Feroz Sanghavi: Yes, so now he also needs cash. When the market opens next week, he will definitely close the short position of Bank of America. Then we will also close the position.

Jirayu Amin: Okay! This Chinese wild boar will close its position next week. Let's also close our position and try to cash out more funds.

At this moment, in the Huntington Bank Building, Wang Guanxi was drinking tea and murmured: Feroze Sanghvi and Jilayu Amin must be waiting for me to close the Bank of America after the stock market opens tomorrow. As for the short position, I will not close the position. I will wait until Bank of America’s stock price falls below $3 per share and then slowly close the position. I will exhaust your patience!”

Wu Zhanhai said excitedly: BOSS, the economic crisis has also hit the whole of India. The Imperial Bank of India and the Union Bank of India have both suffered a huge impact. They will definitely try their best to close their positions and will never wait more than two days.

Wang Guanxi said with a smile: When the financial market opens tomorrow, I will continue to spread negative news about Bank of America to scare them!

At this time, the phone rang, and I found out that it was Bill Miller, the chairman of Legg Mason Group.

Legg Mason Group has recently suffered a large number of customer redemptions and needs cash.

Bill Miller wants to settle shares in Bank of America Corporation with Wang Guanxi.

Wang Guanxi’s Fund No. 4 shorted 200 million shares of Bank of America, of which 50 million shares were borrowed from Legg Mason Group.

Wang Guanxi said: Mr. Bill Miller, let's settle according to the market price.

Bill Miller asked: Is it $4 per share? You have made so much money this time anyway.

Wang Guanxi smiled and said: No problem, then for $4 per share, we can sign the agreement right away.

Bill Miller smiled happily and said: Okay, I will ask Dusty Franco, the head of Asia Pacific of Legg Mason Group, to go to your black shirt center right away!

Okay! Wang Guanxi then called the people at Black Shirt Insurance Company.

Dusty Franco, Legg Mason's head of Asia Pacific, soon arrived at the Blackshirt Center and everyone signed the agreement.

At a price of $4 per share, 50 million Bank of America shares were settled and Legg Mason was paid interest.

In this regard, Wang Guanxi's No. 4 Fund also holds a short position of 150 million shares of Bank of America.

The next day, Monday, March 2nd, US time.

The stock market hasn't opened yet.

All kinds of information comes.

Buffett's Berkshire Hathaway releases information: The U.S. economy will still be faltering in 2009

In his annual letter to shareholders, Buffett said the collapse of credit markets had sent the U.S. financial system into the worst free fall he had ever seen.

Feld Group: The U.S. economy will be faltering throughout 2009 and will likely remain so for much longer.

Then Soros Quantum Fund: Since the outbreak of the financial tsunami, the United States and other governments have taken measures to rescue the market and stimulate the economy, but they still cannot improve market confidence.

Affected by rumors that the White House plans to nationalize some banks, US financial stocks have been under heavy selling pressure, and the White House needs to find ways to clarify. In addition, the poor economic performance of Eastern European countries, falling exchange rates and high debt levels have a great chance of affecting Western European countries and triggering a second wave of financial tsunami.

Milus Messi, founder of Messi Hedge Fund: The U.S. banking industry has suffered a once-in-a-century impact. The U.S. government may nationalize Wells Fargo and Bank of America.

In the trading room of Huntington Bank, Wang Guanxi smiled and said: Soros, Feld, Milus Messi and others must have shorted a large number of bank stocks.

Wu Zhanhai: BOSS, Soros and others won't affect our closing positions, right?

Wu Hongsheng also said: If Soros and others had shorted Bank of America before, and then they began to close their positions at the opening of the market, it would affect our operations.

Li Guangyu: Every time Soros, Feld and others do bad things!

Wang Guanxi smiled disinterestedly and said: I guess Soros and others saw that the stock price of Bank of America Corporation fell to US$2 per share, or even below US$2 per share. We saw that Bank of America Company fell below US$3 per share. Then, start closing the position!”

Lu Jianyan said excitedly: BOSS, Soros and others are our thugs this time.

Guan Zhenyi was also very excited: I guess Soros, Feld, Milos Messi and others must think that we are long-term short sellers and will not close our positions in a short time. Hey, I didn't expect that our position to close our positions is $3 per share. nearby

Lin Jiyang also echoed: This time Soros, Feld and others want to take the opportunity to smash the stock price of Bank of America and make quick money. However, if we close our positions in large sums and then buy the bottom in large sums, they will not be able to make quick money!

Wang Guanxi nodded: That's indeed the case. This time we will beat Soros, Feld, and Milus Messi at Bank of America!

Soon the stock market opened.

Shares of Citibank, Wells Fargo, J.P. Morgan, U.S. Bank, and Bank of America Corp. all fell.

Among them, Bank of America's stock price fell the fastest!

It fell by US$0.9 in 20 minutes, to US$3 per share, a drop of 23%.

Then it was temporarily supported at the 3.00 position.

Wu Zhanhai asked: BOSS, do we want to start closing positions?

Wang Guanxi said: Don't worry, if it falls below 3.00, prepare to close the position.

Wu Hongsheng: BOSS, Feroze Sanghavi from Imperial Bank of India and Jilayu Amin from Union Bank of India, these two people must be waiting for us to close our positions.

Li Guangyu smiled and said: We may be able to wait for Bank of America's stock price to fall to 2.5 US dollars per share. If it falls to less than 2.5 US dollars per share today, it will definitely fall to 2.5 US dollars per share tomorrow.

Wang Guanxi nodded: Then continue to wait and see how long Feroz Sanghavi and Jilayu Amin can wait. I wish they could directly sell Bank of America shares in the market.

Lu Jianyan said: BOSS, they will definitely not sell. They will probably hold on until the stock price of Bank of America rises to more than 4 US dollars per share.

Guan Zhenyi also echoed: Yes, they are the kind of people who won't shed tears until they see the coffin. They won't give up easily.

Lin Jiyang: Hey, if we close the position, it will be closed slowly. If Bank of America Corporation falls to US$2.5 per share, we will close the position slowly.

Wang Guanxi smiled and said: That makes sense. These two fools, Firoz Sanghavi and Jilayu Amin, still want to wait for us to close our positions and wait for us to buy the shares of Bank of America at the bottom to make the stock price skyrocket. They really think too much!”

At this moment, Feroze Sanghavi and Jilayu Amin were staring at the stock price chart of Bank of America.

Feroze Sanghavi: Before, Wang Guanxi told us that the settlement price would be $3 per share. Now that Bank of America's stock price has dropped to 3.00, he should close his position.

Jirayu Amin nodded: Yes, we will continue to hold on and not sell the stock. We will consider selling the stock after Wang Guanxi closes his position and the stock price rises above 4.00.

Feroze Sanghavi: After the Chinese shrimp king closes its position, it will also buy the Bank of America at the bottom. We will wait for it.

Jirayu Amin: Better than patience, we are much stronger than this Chinese wild boar.

Soon an hour passed.

The bulls were weak and the bears were dominant. Bank of America's stock price fell below the 3.00 level, triggering a massive sell-off and the stock price fell all the way to the 2.80 level.

The expressions of Feroz Sanghavi and Jilayu Amin suddenly changed and became gloomy.

“This Chinese Shrimp King still won’t close his position!!”

Chinese wild boars are so greedy and hateful!

The two of them originally thought that Wang Guanxi would close his position at 3.00 and then buy the bottom. Unexpectedly, Wang Guanxi did not make any move, which made them furious.

“This Chinese Shrimp King doesn’t know where to close his position!”

Oh, this Chinese wild boar is so bad. He knows that we are waiting for the stock price of Bank of America to rise, so he has not closed the position for a long time. I guess he wants to wait until the stock price drops to 2.00.

This Chinese Shrimp King is simply hateful!

At this time, Bank of America's stock price was temporarily supported at 2.80.

Everyone in the trading room at Huntington Bank Tower was excited.

Wu Zhanhai asked: BOSS, it seems that we can no longer fall. Do we want to close our position?

Wang Guanxi shouted: Close the position!

Yes, BOSS Everyone started to close their positions!

5.2 million shares!

4.8 million shares!

3.2 million shares!

6.2 million shares!

6.8 million shares!

3.8 million shares!

Shares of Bank of America Corp. turned higher.

2.85

2.85

2.89

2.98

3.02

3.15

3.20 position!

Wang Guanxi shouted: Stop!

Yes, BOSS Everyone stopped immediately.

The short order of 50 million shares was closed just now, and there are currently 100 million short orders left.

Time passed by, and after another hour, Bank of America's stock price fell to 3.00.

Wang Guanxi shouted: Close your position, slowly close the last 100 million shares!

Yes, BOSS Everyone began to slowly close their positions.

800,000 shares!

200,000 shares!

400,000 shares!

300,000 shares!

700,000 shares!

600,000 shares!

···

Shares of Bank of America Corp. are slowly rising.

3.21

3.22

3.25

3.32

··

3.50 position!

Wang Guanxi shouted: Stop first!! See if it will fall again!

Yes, BOSS! Everyone stopped again.

At this moment, Feroze Sanghavi and Jilayu Amin had their eyes firmly fixed on the stock price chart of Bank of America.

Feroz Sanghavi: The stock price of Bank of America has finally risen. It must be the Chinese shrimp king who is closing its position.

Jirayu Amin: Yes, this Chinese wild boar finally couldn't stand it any longer and began to close its positions in large sums!

Feroze Sanghavi: We can wait slowly for the stock price of Bank of America to rise above 4.00. The Chinese Shrimp King will let us settle at US$3 per share. Fortunately, we have not been fooled by him!

Jirayu Amin: Yes, this Chinese wild boar is an insidious bad breed. At that time, we did not agree to settle at a price of US$3 per share, otherwise we would have lost a lot of money now!

Time passed by, and Bank of America's stock price was supported at 3.50.

At Huntington Bank, Wu Zhanhai asked: BOSS, do you want to continue closing your position now?

Currently, Fund No. 4 still holds the last 50 million shares of short positions. Wang Guanxi thought for a while and said: Then close the position, slowly!

Yes, BOSS Everyone continued to close their positions!

Bank of America Corp. stock continues to rise!

3.52

3.54

3.65

··

4.00 position, and then closed!

This time, Fund No. 4 shorted 200 million shares of Bank of America Corp., with the opening position at $16 per share and the average closing position at $3.50 per share. The profit per share was $12.50, making a total gain of $2.5 billion.

This time, a total of US$80 million in interest was paid, resulting in a net profit of US$2.42 billion.

This time, the principal amount of Fund 4 is US$3 billion, plus US$2.42 billion, for a total of US$5.42 billion.

At this time, Wu Zhanhai asked: BOSS, are we going to start buying Bank of America's stocks tomorrow?

Wang Guanxi thought for a while and said: Don't worry, wait until the stock price of Bank of America Corporation falls again.

Wu Hongsheng: Then Imperial Bank of India and Union Bank of India are now waiting for the stock price of Bank of America to continue to rise. We cannot buy Bank of America's stock at 4.00!

Wang Guanxi said with a smile: They are probably waiting for us to continue to buy Bank of America at the bottom, but I just keep on spending!

Lu Jianyan smiled and said: BOSS, now that Bank of America's stock price closes at 4.00, Soros, Feld, Milos Messi and others will short-sell the stock price again, and then the stock price will fall. We are buying the bottom!

Wang Guanxi said with a smile: That's natural.

Guan Zhenyi: “I don’t know if people from the Imperial Bank of India and the United Bank of India will call us and ask us to sell Bank of America’s shares to us at the current market price?”

Lin Jiyang: Perhaps it is possible. After all, they know that we want to buy Bank of America's stock at a low price! But we will not buy their stock at $4 per share!

Wang Guanxi smiled and said: If they call, they will still consider it!

At this time, the phone rang. It was Feroz Sanghavi from the Imperial Bank of India. Wang Guanxi was stunned, but he did not expect that Feroz Sanghavi actually called.

Wang Guanxi got through and asked: Feroze Sanghavi, are you here to sell stocks?

Feroz Sanghavi chuckled: Yes, I want to talk to you about the price.

Wang Guanxi smiled and said: Price? What price do you want? You have to know that the current economic situation is very bad, the financial and banking industries are losing money, and the future of this American Bank...

Feroze Sanghavi interrupted: No nonsense, I will sell you 200 million shares of Bank of America Corporation at a price of $4 per share!

Fortunately today, he has not sold off the 200 million shares of Bank of America Corporation. Otherwise, he would have lost a lot of money.

Fortunately, Wang Guanxi couldn't bear it any longer and closed out Bank of America's short order, causing Bank of America's stock price to rise a lot and now return to the 4.00 position.

He now wants to sell Bank of America stock.

Wang Guanxi said: $4 per share is too high, no way!

After thinking for a while, Wang Guanxi said: $3 per share!