Rebirth of the Financial Crisis Sweeping the World

Chapter 438 438 Kneel down! Crazy buying of 1 billion shares!

Seeing that Feroz Sanghavi was silent on the phone, Wang Guanxi said again: Feroz Sanghavi, let me tell you, the stock price of Bank of America will not continue to rise. You want 4 US dollars per share? The price of the stock, that’s absolutely impossible!”

Feroze Sanghavi asked back: Haha, Wang Guanxi, how do you know that the stock price of Bank of America Corporation will not continue to rise?

Aren't you planning to buy Bank of America at the bottom?

You yourself will push up Bank of America's stock price. I want $4 per share, which is already very low!

Wang Guanxi, you don't know how to flatter me. If I, Feroz Sanghavi, were not short of money now, I would never have sold Bank of America shares at such a low price!

The Imperial Bank of India is really short of money now, and he regrets coming to the United States to invest heavily.

During his time in the United States, he bought a large number of financial assets at the bottom, resulting in a shortage of cash. The Imperial Bank of India also suffered a huge impact in India. In need of money, he had to sell shares of Bank of America Corporation.

Wang Guanxi, you are planning to buy Bank of America at the bottom now. I will sell you the 300 million shares I have at a low price, $4 per share. Is this possible?

No! Wang Guanxi said: Feroz Sanghavi, I plan to buy Bank of America at the bottom, but I will buy it again at a price below $3 per share!

I just need to slowly absorb Bank of America's shares in the market. It doesn't matter to me whether you sell them to me or not!

Feroz Sanghavi: Okay, let's go and see!

Wang Guanxi smiled and said: Then just wait and see. When Bank of America's stock price drops, you are welcome to call again.

Feroze Sanghavi: Haha, it won't fall below $4 per share.

After the call ended, Wang Guanxi shook his head and smiled: This Feroz Sanghavi is really naive.

Wu Zhanhai: BOSS, should we continue to publish negative news about Bank of America?

Today, because they closed their positions, Bank of America's stock price rose to $4 per share. Now they are about to start buying at the bottom, but they find it difficult to buy.

Wang Guanxi said: It's not necessary for the time being, just play it by ear in the next few days.

Wu Hongsheng: The stock price of Bank of America will definitely continue to plummet.

Li Guangyu also echoed: It will definitely fall sharply, maybe to 2.5 US dollars per share.

Wang Guanxi smiled lightly: I hope so, this time we are going to buy a lot of Bank of America stocks at the bottom!

After thinking about it,

He added: The total share capital of Bank of America is 8.4 billion shares. Fund No. 4 must buy at least 800 million shares this time!

Generally speaking, for companies that are not controlled by himself, Wang Guanxi's asset allocation will not be too high, less than 20%, unless it is for those excellent companies with great potential, which will be higher than 20%.

After all, these 800 million shares, based on the current stock price, are still US$3.2 billion.

Yes, BOSS. Everyone was very excited when they heard that they would buy more than 800 million shares. Next, they will dominate the stock market.

At this time a report came out.

It is an article published by Soros Quantum Fund, targeting Bank of America Corporation.

Soros questioned the concealment of Bank of America's acquisition of Merrill Lynch, and also criticized Lewis, the current CEO of Bank of America, for making a foolish move.

Lu Jianyan said excitedly: BOSS, Soros and others must be planning to increase their positions to short the Bank of America Corporation.

Guan Zhenyi also said: Now the stock price of Bank of America has risen to 4 US dollars per share, which just makes Soros, Feld, Milus Messi and others short-selling.

Lin Jiyang also said: When Bank of America's stock price drops to US$3 per share, it will be convenient for us to buy at the bottom. Soros and others are just fat meat in our mouths!

Wang Guanxi smiled: Soros, Feld, Milos Messi and others may just be short-selling.

At this time, Feld Group and Messi Hedge Fund also published articles.

Feld Group: It is almost impossible for the U.S. economy to rebound in the second half of the year, and predictions of a rebound within two or three years are also optimistic. The outlook for the global economy is not good for some time to come.

The current economic data of the three major economies of the United States, Europe and Japan basically show the worst economic recession since the end of World War II, which is comparable to the Great Depression in 1929.

Macy's Hedge Fund: The recession in the United States may last 10-15 years, and it will be difficult to truly get out of recession in at least five years.

Wang Guanxi said: They are not only shorting Bank of America, they are also shorting Citibank, Wells Fargo... a series of bank stocks!

Tomorrow we will stop them from shorting Bank of America. Tomorrow Bank of America will announce its results, which is a good opportunity for us to build a position!

Yes, BOSS

At this moment, the Feld Building in Manhattan, New York.

Soros, Feld, and Milus Messi are drinking coffee.

Soros: Bank of America is about to release its performance report, and the losses are far greater than expected. This time we will definitely make a lot of money by shorting Bank of America in the short term.

Milus Messi said with some worry: I heard that Wang Guanxi is going to buy Bank of America on a large scale!

Feld said nonchalantly: This Eastern farmer bought the bottom of HSBC, Citibank, and Wells Fargo. Now the stock prices of these banks are in a depressed state. His funds have been trapped, and he has lost a lot of money. Woolen cloth

Having said this, he took a sip of coffee and added: Now that he plans to buy Bank of America at the bottom, doesn't it just allow us to short it at a high position?

Anyway, we are a short-term operation. We will leave after one vote.

Soros nodded: That's true. Wang Guanxi's large-scale bargain hunting of Bank of America Corp. just allowed us to short at a high level. As long as Bank of America Corp.'s stock price fell to $2 per share, we would close our position and make a profit of more than 20%. Enough.

Milus Messi asked: What if Wang Guanxi forcefully pulls us in after we smash the plate?

Felder: Just keep smashing.

Soros thought for a while and said: The results announced by Bank of America this time will definitely be very bad, and the stock price will definitely fall sharply. We will first let other short sellers in the market drive the stock price down, and then if Wang Guanxi buys the bottom with a large amount of money, it will definitely make the stock price fall sharply. The stock price has skyrocketed, and we will go short again when the time comes!”

That's a good idea!

Haha, this is good, you can also trap Wang Guanxi's funds!

The next day, Tuesday, March 3rd.

Financial markets are open!

The stock market fell, and bank stocks also fell.

The stock price of Bank of America Corporation did not stand firm at 4.00. 30 minutes later, it fell all the way to 3.50.

A drop of 12.5%

Wu Zhanhai asked: B OSS, Soros and others are short selling, do we want to buy it?

Wang Guanxi said: Let's wait and see if it can fall below 3.00!

After thinking for a while, he added: We'd better wait until Bank of America announces its results before taking action!

Yes, BOSS!

Then the phone rang. It was Feroz Sanghavi.

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

Feroze Sanghavi said: Wang Guanxi, I plan to sell you 300 million shares of Bank of America Corporation held by the Imperial Bank of India. The transaction price is 3.8 US dollars per share. Can you see if it works?

Now that Bank of America's stock price is still plummeting, he doesn't want to fight any longer. He wants to cash out the funds as soon as possible and use them back to fill the capital hole in India.

Wang Guanxi said, $3 per share!

Feroz Sanghavi was furious, suppressing his anger, and said: Now the stock price of Bank of America has dropped to 3.5 US dollars per share, what is the market price? If you don't sell it, I will sell it to others for 3 US dollars per share!

Wang Guanxi thought for a while and said: Okay, the current market price is $3.5 per share!

So everyone arranged for a lawyer in California to sign a contract, and the Imperial Bank of India sold 300 million shares of Bank of America to Wang Guanxi's No. 4 Fund at a price of US$3.5 per share.

The total value is US$1.05 billion.

After paying out US$1.05 billion, Fund 4 has US$4.37 billion left.

Shortly after the agreement was reached, Bank of America's stock price fell to $3 per share.

Feroze Sanghavi quickly called Wang Guanxi and said: Haha, Wang Guanxi, you are a pick-up guy, you paid me an extra $150 million!

Wang Guanxi said calmly: Feroz Sanghavi, in fact, the price I expected to open a position is higher than the position of 3.5 US dollars per share. I can just pull the stock price up.

Then Wang Guanxi ordered: Buy 100 million shares immediately and pull up!

Yes, BOSS and everyone started buying in large amounts!

6 million shares!

4.5 million shares!

5 million shares!

5.5 million shares!

4 million shares!

5 million shares!

···

Bank of America Corp.'s stock price reversed course and rose.

3.12

3.21

3.32

··

It quickly reached the 4.00 position!

Wang Guanxi called Feroze Sanghavi and said: Look, I brought the stock price to 4.00, haha, didn't you lose US$150 million!

Feroz Sanghavi suddenly became very angry, Wang Guanxi, just wait for me!

Just wait! I'll be with you anytime! Wang Guanxi ended the call with a smile.

At this time, the phone rang again, and it was Howard, the president of Royal Bank of Scotland, calling.

Mr. Wang, I want to sell you the shares of Bank of America Corporation. There are 200 million shares in total. How about the deal at $4 per share?

The Royal Bank of Scotland was hit hard and needed to sell hundreds of billions of pounds of assets. Last time, it sold 600 million HSBC shares to Wang Guanxi.

Wang Guanxi said: No problem, deal!

So our legal representatives in Hong Kong signed an agreement, and the Royal Bank of Scotland sold 200 million shares of Bank of America to Wang Guanxi's No. 2 Fund at a price of US$4 per share.

This time another $800 million was paid, leaving $3.57 billion in Fund 4.

This is when Bank of America Corp. reports results.

This time, in addition to the company's own loss of US$2.39 billion, Bank of America also suffered a huge loss of US$15.13 billion from Merrill Lynch!

Let investors be disappointed.

The stock price suddenly turned around and plummeted!

3.92

3.82

3.71

3.54

3.14

3.00!

It didn’t stop and continued to plummet!

2.95

2.85

2.65

2.50 position, then get support!

Wang Guanxi shouted: Buy 50 million shares!

Yes, BOSS Everyone started buying immediately!

The stock price started to turn around and rise!

Fund No. 4 bought 50 million shares, causing Bank of America's stock price to rush from 2.50 to 3.00!

Wang Guanxi shouted: Stop!

Yes, BOSS everyone stopped.

Fund No. 4 currently holds 650 million shares of Bank of America Corporation.

At this time, the stock price was also suppressed and fluctuated near the 3.00 position.

Then Wang Guanxi's phone rang, and it was Jilayu Amin from United Bank of India.

Wang Guanxi, I will sell you 200 million shares of Bank of America Corporation held by Union Bank of India. What is the market price of US$3.5 per share?

Feroze Sanghavi of Imperial Bank of India previously made a deal with Wang Guanxi at a price of US$3.5 per share. At that time, he was still expecting the stock price to rise. He did not expect Bank of America to announce such poor results, which made him angry to death.

Now he wants to sell Bank of America stock for $3.50 per share.

Wang Guanxi said: If $3.5 per share is not enough, just sell it at the market price of $3 per share. If you don't agree, just sell it on the market!

Jirayu Amin pulled his long curly hair hard and said coldly: Wang Guanxi, if you are ruthless, then the price will be $3 per share!

So California attorneys signed the agreement!

Union Bank of India sold 200 million shares of Bank of America to Wang Guanxi's Fund No. 4 at a price of US$3 per share.

Fund 4 paid another $600 million.

Now holds 850 million shares of Bank of America Corporation.

Wang Guanxi shouted: Keep buying, and push up Bank of America's stock price!

Yes, BOSS! Everyone acted immediately and started buying in large amounts!

7 million shares!

8 million shares!

6 million shares!

10 million shares!

14 million shares!

12 million shares!

13 million shares!

··

Bank of America's stock price started to rise sharply!

All the way up from the 3.00 position!

3.12

3.25

3.34

3.50

3.65

··

4.00 position!

It didn’t stop and kept rising!

4.12

4.23

4.35

4.45

4.50 position!

Bought a total of 150 million shares!

The stock price of Bank of America Corporation actually rose sharply before such poor performance, which shocked the market!

Fund No. 4 currently holds 1 billion shares of Bank of America Corp., with an average position of $3.5 per share, and a temporary profit of $1 billion on the books.