Reborn as a tycoon in Hong Kong

27 Hong Kong dollars!

28 Hong Kong dollars!

When Hutchison Whampoa's stock price exceeded HK$29, the rise began to slow down, but the stock price is still going up.

As the stock price exceeded 29 Hong Kong dollars, Hutchison Whampoa's daily increase was close to 30%, which is quite a lot.

However, Hutchison Whampoa's logic has changed now. The previous huge investment losses have turned into small investment losses, and the subsequent investment losses may be wiped out.

As a result, Hutchison Whampoa's stock price, which originally fell due to huge investment losses, will naturally rise back.

However, everyone has different expectations for Hutchison Whampoa's share price and will sell at different prices.

Before Hutchison Whampoa's stock price exceeded 29 Hong Kong dollars, the trading volume was very small. The stock price continued to rise amid buying, but there were not many transactions in the middle. However, as the stock price exceeded 29 Hong Kong dollars and the closer it was to 30 Hong Kong dollars, more orders were sold, and the trading volume continued to increase obviously.

However, there were a lot of sales this time, but even more were bought. The stock price officially broke through the price of 30 Hong Kong dollars before ten o'clock, and continued to rise.

In the VIP room of the exchange.

Henry Kaiser said seriously: "What should we do? The stock price is still rising!"

"If the stock price really returns to HK$35 or higher, then the cost for us to buy again will be too high."

John Ma was also in a heavy mood. He was supposed to win this time by shorting, but he didn't want to end up in the current situation.

"Now we can only wait."

Michael Kadoorie sighed: "We will wait until the negative impact we created appears and see how hard it will hit Hutchison Whampoa's stock price. Then we will decide what to do."

George Schweizer warned aloud: "The stock price has now exceeded 30 Hong Kong dollars. Once the stock price reaches 38 Hong Kong dollars, if it rises a little higher, we will be liquidated."

"This is not a big problem. Once Hutchison Whampoa's stock price rises to HK$35, we will first replenish the margin of HK$200 million."

Henry Kasik said out loud that they originally raised 1 billion Hong Kong dollars in funds, but only used 500 million Hong Kong dollars in principal to use leverage. Although they were losing a lot, they could still easily come up with 200 million Hong Kong dollars.

As for the money they paid to buy Hutchison Whampoa shares from HSBC, what they really had to pay was not much, and they only paid 30% for the time being and owed the rest first, so they didn't spend much cash.

After Hutchison Whampoa's stock price exceeded 30 Hong Kong dollars, it was indeed moving upwards, but it did not touch 35 Hong Kong dollars, and was adjusted just above 34 Hong Kong dollars. Fortunately, the adjustment did not fall below the price of HK$30, and fluctuated between HK$30 and HK$34, digesting the huge increase in the previous period.

The stock price exceeded 34 Hong Kong dollars, and the increase that day was almost 50%. Of course, such a high increase is very scary, and it is normal that many people will choose to settle for safety.

What’s more, Hutchison Whampoa’s stock price plummeted that day. It started to dive from around HK$37. The higher it goes, the greater the selling pressure. Therefore, more long funds are needed to enter the market to catch the low opening and diving without cutting the meat. Stop loss chips, so that you can have more motivation to move up.

"Good news, it's done!"

"The newspapers we arranged are already publishing relevant reports, and the relevant reports will be spread to the four major exchanges soon."

In the VIP room where the British short-sellers were, Henry Kessack and others finally got the good news, and the bad news they arranged was about to be published in the newspaper.

Michael Kadoorie spoke up and said: "Now is a good time. Hutchison Whampoa's stock price is in shock. The negative news will definitely suppress the stock price."

"Certainly possible!"

Several people said loudly, praying in their hearts that this must be the case, otherwise the negative effects will not be effective, which means that the negative effects will be exhausted, but will become positive, and the rise in stock prices will no longer be able to suppress it, unless there is something that will definitely hit Hutchison Whampoa. Huge negative.

"Damn it, the court would agree to such an application from Standard Chartered Bank. It's a joke!"

Hutchison Whampoa and Lin Baicheng were very angry after learning what happened from Wei Li.

Just this morning, Hutchison Whampoa and Standard Chartered Bank started a lawsuit in court. In addition to suing Standard Chartered for breach of contract and requiring Standard Chartered to compensate Hutchison Whampoa for its losses, Hutchison Whampoa's main purpose was to delay Standard Chartered through the lawsuit and temporarily not repay the loan. Purpose.

If the lawsuit is really going to start, the result will not come soon. However, just in the morning, Standard Chartered applied to the court to freeze the use of Hutchison Whampoa's large funds. The reason is to prevent Hutchison Whampoa from having no money to repay the loan after losing the lawsuit. To Standard Chartered Bank.

This ridiculous application was actually approved by the court.

As a result, Hutchison Whampoa can no longer use funds to repurchase shares, even with borrowed funds.

You know, this is the work of the short side, and it is indeed a negative for the market. After all, Hutchison Whampoa's continuous use of funds to buy back is a reason to support the rise in stock prices. Now that the buybacks are empty, the market will certainly be worried.

Wei Li asked aloud: "Mr. Lin, now we can't buy back stocks anymore, what should we do?"

"What else can I do now? Return the funds to Galaxy Games first, and then I will think about how to deal with it."

Lin Baicheng was a little helpless. Although he was very dissatisfied, the court represented the law and he could only abide by it. At most, he would find opportunities to cause trouble for the court in the future. But at present, he could not violate the law, giving the short side more excuses to attack and Remember Huangpu.

"I see."

Wei Li nodded, got up and went out.

Lin Baicheng is thinking about how to respond and the impact of this incident on Hutchison Whampoa's stock price. He can only hope that the impact on the stock price will not be significant.

Before eleven o'clock, the relevant news spread to the four major exchanges, and soon a large number of investors knew about it.

The stock price, which originally fluctuated between HK$30 and HK$34, immediately fell sharply, falling below the price of HK$30, and is still falling.

"Okay!" "Good fall!" "Keep falling!"

When Hutchison Whampoa's stock price fell below 30 Hong Kong dollars, Henry Kaiser and others were very happy. The bad news they prepared was indeed in vain.

When Hutchison Whampoa's stock price fell to HK$28, it experienced a small rebound, but soon fell below HK$28, fell to around HK$27, and then rebounded again, eventually fluctuating up and down around HK$28.

After learning that Hutchison Whampoa's stock price fell to 27 Hong Kong dollars and stopped falling, and fluctuated around 28 Hong Kong dollars, Lin Baicheng and the British short sellers had completely different reactions.

Lin Baicheng breathed a sigh of relief. Although the stock price fell a lot, it did not fall too sharply. At least it was still above today's opening price. At a price of HK$28, today’s increase is more than 20%, which is quite a lot.

Henry Kaiserk and others are a little dissatisfied because the price has not fallen far enough. They hope to drop to around HK$25, so that they can still exert their efforts and sell some stocks to suppress the stock price below HK$25. Unfortunately, the stock price fluctuated around 28 Hong Kong dollars. They only had more than 10 million shares in hand, and they were not sure whether they could completely suppress the stock price, so they were a little afraid to sell.