Reborn as a tycoon in Hong Kong

When he got up around eight o'clock the next morning, Lin Baicheng called and asked what the international gold price was now.

At around US$205.5 per ounce, the international gold price rose to a maximum of US$208.46 per ounce yesterday, and then fell back to around US$206, fluctuating up and down.

Although it was lower than the US$206.63/oz price before Lin Baicheng went to bed last night, the price of US$205.5/oz, based on the cost price of US$206.8/oz, the loss was only about six thousandths.

Even if you use ten times leverage, the loss will only be about 6% of the total principal.

From an investment perspective, a 6% loss is not a loss at all, let alone an investment in the futures market.

Regarding the current international gold price, although Lin Baicheng regrets that it did not reach a higher price, he is not disappointed. At least it is not much different from the cost price. Therefore, he called and arranged for someone to announce the news and let the market know the good news.

Until nine o'clock in the morning, there was no negative news about Hutchison Whampoa in the market. It is true that the short side wants to create bad news, but it is not something they can do if they want to. It also takes time to do things. It does not mean that if they wanted to create bad news yesterday, they will have negative news today.

The surge in international gold prices is indeed good news for Hutchison Whampoa. During the call auction stage, the stock price rose to above HK$40.

At this moment, the short-selling British family did not choose to sell the stock, because they knew very well that it is difficult to suppress the stock price when there is a big benefit. Selling the stock at this time has a very high possibility of being long. Take them all.

After the stock market officially opened, Hutchison Whampoa's stock price continued to rise, rising to about HK$45 in about half an hour, an increase of nearly 18%.

When the stock price was about to reach 45 Hong Kong dollars, Henry Kaiser and others sold 1 million shares in a tentative attempt to suppress the stock price, hoping to see if they could suppress the stock price. Unfortunately, their sell orders were eaten up in just a few seconds. The strength makes them afraid to sell stocks anymore.

In the VIP room of the Hong Kong Stock Exchange.

The short sellers, headed by Henry Caesar, Michael Kadoorie, George Swire, and John Madden, gathered together and looked at the rising stock price. Their faces were very ugly.

Looking at the crowd, Henry Kaesik said in a deep voice: "Guys, now that Hutchison Whampoa's stock price continues to rise, what should we do?"

George Schweizer shook his head: "What else can we do now? Unless the price of gold falls sharply, the bad news we have created will not have much impact on Hutchison Whampoa's stock price and is meaningless."

Someone said unwillingly: "Are we just going to admit defeat?"

"well!"

John Ma could not help but sigh: "The price of gold suddenly rose sharply. This was unexpected and beyond our control. Now, what should we do if the price of gold continues to rebound? What if the price of gold continues to rebound? If it rises to US$212 or even higher, Hutchison Whampoa's investment will make another huge profit. At that time, if the stock price is not good, it will rush to the previous high, and our losses will be too great."

Michael Kadoorie said with an ugly face: "But if we admit defeat now, our losses will not be small."

Henry Kaesik said: "If we start buying stocks to cover now, I'm afraid we won't be able to stop buying at an average price of 50 Hong Kong dollars. It will be higher, and our losses will be more than one billion Hong Kong dollars."

John Ma suggested: "Let's continue talking to those Americans. It would be best to take over the stocks from them, so that the stock price will not rise the more we buy."

George Schweizer couldn't help but said: "The Americans had previously demanded a price of no less than 40 Hong Kong dollars, let alone now. I'm worried that their appetite will be too big."

John Ma said: "No matter how big your appetite is, we still have to talk."

Henry Kasik said aloud: "Let's unite our opinions and decide to admit defeat."

Afterwards, everyone started discussing. Some people feel that it is impossible to win, so they surrender before the stock price reaches too high. Some people feel that they can still give it a try, but the losses are too great to admit defeat now, and they are unwilling to do so.

Finally, after considering everyone’s opinions, the short side made a decision. They decided to negotiate with those Americans and buy the missing stocks from them instead of buying from the market, so as not to raise Hutchison Whampoa's stock price too high and their average buying price too high. On the other hand, negotiations cannot be done at noon and then concluded at night. Take advantage of the negotiation to observe and observe whether the international gold price will continue to fall, or whether Hutchison Whampoa's stock price will fall.

Making such a decision shows that although the short-selling British-owned families are very reluctant, they have already made plans to admit defeat and know that the general trend is irreversible.

This morning, in addition to the rising stock price of Hutchison Whampoa, I don’t know if it was driven by the rising stock price of Hutchison Whampoa in the past two days. The entire Hang Seng Index finally rebounded greatly today, almost generally rising. Stocks are rising across nearly every industry sector.

There have been enough adjustments in the Hang Seng Index in the past. Once the market thinks that the adjustment is in place and reaches the bottom, there will naturally be a larger rebound.

At about 10:30 in the morning, Hutchison Whampoa's stock price sprinted towards the price of HK$50. However, it fell quickly after it rushed up, and then fluctuated between HK$46 and HK$49. It did not sprint towards HK$50 until the closing of the morning. , but it didn’t fall below the price of HK$45.

During this period, around eleven o'clock, Lin Baicheng learned something, that is, the British-owned family contacted Vivien Kelly and the others again, wanting to buy a large amount of Hutchison Whampoa's shares from them.

Lin Baicheng gave a new instruction before the market opened in the morning. If the British-owned family came to negotiate with them, they would negotiate with the British-owned family, but the selling price could not be less than 45 Hong Kong dollars. The higher the better.

Although if Lin Baicheng did not sell the stocks to the British-owned family, the British-owned family would have to buy them from the market, and the price would be higher. Lin Baicheng would also make more money by slowly selling the stocks. However, Lin Baicheng's acquisition in the United States now requires money. He does not want the funds to be stuck here for too long. It is best to get the liquid funds as early as possible to avoid changes in the acquisition in the United States.

Furthermore, if the British-owned families were allowed to buy stocks and admit defeat, they would stop targeting Hutchison Whampoa. If it really drove them crazy, Lin Baicheng couldn't guarantee what they would do.

As long as the interests are large enough, it is not impossible for the Hong Kong government to directly suppress Hutchison Whampoa. Now that Hong Kong is a British colony, Lin Baicheng is afraid that he will not be able to handle the pressure from the Hong Kong government.