Reborn as a tycoon in Hong Kong

38.21 Hong Kong dollars!

As of the close of the stock market, Hutchison Whampoa's share price closed at HK$38.21, which is quite strong.

During the session, Hutchison Whampoa's stock price sprinted towards the price of HK$40 three times, but only the last time it reached HK$40, and was quickly beaten down by big orders, and has been fluctuating at the price of HK$38 since then.

Looking at Hutchison Whampoa's closing price that day, Henry Kaesik and others looked very ugly.

Although Hutchison Whampoa's stock price is suppressed below 40 Hong Kong dollars, and their sufficient margin can ensure that their positions will not be liquidated, the soaring stock price has far exceeded their cost price, and now their short selling has appeared Loss.

This is just now. They sold more than two million shares during the session to suppress the stock price below 40 Hong Kong dollars. Now they only hold 15 million shares of Hutchison Whampoa. They have to buy back 55 million shares to close the short position. one.

If they choose to buy Hutchison Whampoa stock, it is conceivable that such a large amount of buying will definitely make Hutchison Whampoa's stock price go crazy. If there are more funds to speculate, it is not impossible to break through the previous high price of 70 Hong Kong dollars.

If this is the case, their losses will be as high as about 2 billion Hong Kong dollars.

Even if such a huge loss is shared among multiple British-owned families, each family's loss will still be in hundreds of millions of Hong Kong dollars. Especially the four families headed by Henry Caesar, they got the most when they divided the cake, and of course they also suffered the most when they shared the losses equally.

Now that Hutchison Whampoa's stock price has risen to nearly 40 Hong Kong dollars, Henry Kasik and others have given up on making money and can even accept a small loss. Therefore, they are still discussing how to create bad news to suppress Hutchison Whampoa. The stock price and mentality are completely different.

Previously, the reason for suppressing Hutchison Whampoa's stock price was to make money, but now it is to not lose money, or even lose less money.

Hutchison Whampoa.

Lin Baicheng, who also learned about the closing price of Hutchison Whampoa, was very happy. The stock price was close to 40 Hong Kong dollars, and judging from the trend in the afternoon, there was a clear possibility of hitting 40 Hong Kong dollars. The stock price might reach 40 Hong Kong dollars tomorrow.

"It would be great if the price of gold could officially rise above $200 an ounce."

Lin Baicheng couldn't help but secretly thought to himself, in this situation, the higher the price of gold rises, the harder Hutchison Whampoa's stock price will rise, and the less negative the short side will create.

In addition to counting on the rise in international gold prices, Lin Baicheng also needs to prevent the short side from continuing to create negative effects. He does not think that the short side will surrender just like this. After all, it involves interests of at least hundreds of millions of Hong Kong dollars. Even if there is only a slight possibility of struggle, the short side has no reason to give up.

"Mr. Lin, good news!"

A little after five o'clock in the afternoon, Lin Baicheng was working in the office, and Wei Li came over to report the good news to him with a look of joy on his face.

"Good news? What good news?"

Seeing Wei Li's happy face, Lin Baicheng thought it couldn't be a trivial matter, otherwise Wei Li wouldn't be so happy.

"Good news from London."

Weili said very happily: "Since nine o'clock in the morning London time, the international gold price has changed. It fluctuated at the price of 200 US dollars per ounce for more than ten minutes. In the end, many parties won, and the gold price began to move upward. As of At 10 a.m. London time, the price of gold had risen to around $203.5, an increase of more than 2% that day."

The time difference between Hong Kong and London is that Hong Kong time is 7 hours ahead of London time. It is now around 5pm on Monday in Hong Kong time, so it is around 10am on Monday in London. The international gold price started to rise after 9 a.m. in London time. At that time, it was after 4 p.m. in Xiangjiang, and the stock market had just closed.

"The price of gold has recently adjusted from a high of more than 240 US dollars to a minimum of nearly 190 US dollars, an adjustment of about 50 US dollars. Now it may rebound. If a big positive line can be established today, then our investment in gold futures will be very large. It may stop losing money, and there will be profits if it goes higher in the future.”

"This is indeed good news!"

Lin Baicheng couldn't help but smile after hearing this: "Now is the time when the market is bullish on our stock price of Hutchison Whampoa. Now that the gold price has risen, the loss range of our investment has narrowed, or even stopped losing money. This is good for the market." It’s a big plus. If the stock price doesn’t hit HK$40 tomorrow, it won’t be justified.”

“Let’s see how those short sides still struggle this time!”

Wei Li gloated that although he was also British, he had no relationship with those British-owned families. On the contrary, he had huge interests in Hutchison Whampoa, so the better Hutchison Whampoa was, the more beneficial it would be to him. Any short selling would be beneficial to him. Hutchison Whampoa's capital is his enemy.

It is not just Hutchison Whampoa that is paying attention to the international gold price. Short sellers such as Henry Kaiserk and others also arranged for people to pay attention to the gold price trend in London. Therefore, they knew when the gold price exceeded 200 US dollars per ounce, and their mood followed the gold price. Keep going higher and heavier.

Except for some retail investors, all the big funds who want to invest in Hutchison Whampoa stock, or those who already hold Hutchison Whampoa stock, are paying attention to the trend of gold prices. Everyone knows the trend of gold prices. We will continue to pay attention to the subsequent trend of gold prices.

After about 5:30, Lin Baicheng received congratulatory calls from Bao Yugang, Guo Henian and others. Each of them knew the news about the rise in international gold prices.

As of 6 p.m. when Lin Baicheng left Hutchison Whampoa, it was 11 a.m. in London. The international gold price had risen to 204.7 US dollars per ounce, and the gold price had increased by more than 2.5%.

The next step is to see how the gold price moves in the afternoon of London time and during the day in New York time. Especially in New York, Hong Kong is 12 hours ahead of New York. At 9 o'clock in the morning in New York time, it is already 9 o'clock in the evening in Hong Kong.

However, by tomorrow morning, it will be clear whether the price of gold will rise or fall.

On this night, many people went to bed late and wanted to know in advance how the international gold price would move.

Although Lin Baicheng did not sleep too late, he still knew the specific international gold price as of 11pm in Hong Kong and 11am in New York time.

At US$206.63/ounce, this price is very close to Hutchison Whampoa’s cost price of US$206.8/ounce. It can be said that Hutchison Whampoa’s investment is no longer losing money. Lin Baicheng went to bed with a good mood.

Contrary to Lin Baicheng, Henry Kaiserk and others were in a very bad mood. They did not go to bed at 11 o'clock in the evening because they still wanted to know whether the price of gold would fall in the future, otherwise they would not be able to sleep at all.