467 has a net worth of $5.25 billion!
Soon the Dow Jones Index fell to 8400.
Everyone was very excited in the trading room of Huntington Bank Building.
Wu Zhanhai jumped up excitedly, "The Dow Jones Index has fallen by 200 points!"
Wu Hongsheng was also very excited: "The bulls in the market are collapsing."
Li Guangyu: "This unemployment rate has indeed set a record high"
Wang Guanxi took a teacup and took a sip and said, "Evan Cardinah is finished this time."
Lu Jianyan echoed: "Now Evan Cardinah must be crying and fainting in the toilet."
Guan Zhenyi also echoed: "This time, Cardinah hedge fund lost enough!"
Lin Jiyang said excitedly: "There will definitely be a large number of long positions today. I wonder if Evan Cardinah will lose its position?"
Wang Guanxi smiled and said, "I hope he will break the position later. We don't plan to close the position!"
Currently, Wang Guanxi's No. 1 Fund has 600 points on its books, totaling US$1.5 billion, and its net account value is as high as US$4.3 billion.
But suddenly the Dow Jones Index was supported and began to fluctuate at 8400.
At this moment, the Feld Group Building.
Soros, Feld, and Milus Messi were also very happy.
This time they shorted the Dow Jones Index and made huge profits on the books.
Soros was excited and said: "I didn't expect that the US unemployment rate has set a record high of 26 years. The Jones index has fallen into shit. We have made a lot of money on the books, but Wang Guanxi must have made a lot of money."
Feld: "Yes, this time, that boy Wang Guanxi took our ride. At that time, we consumed a lot of funds from the Cardinah hedge fund, and then Wang Guanxi took action. This time, he can be said to have made him pick up money for nothing."
Milus Messi also said: "Although I don't like this guy Wang Guanxi very much, this time we all attacked the Cardinah hedge fund and made Evan Cardinah dumplings, which is still good."
Soros thought for a while and said, "I hope Wang Guanxi is also a long-term short seller this time, so don't destroy our long-term short selling plan."
Feld said: "No matter whether he is a long-term short or short-term short, it will not affect our long-term short selling."
Milus Messi also said: "Even if Wang Guanxi closes his position, it will not affect the Dow Jones Index falling below 8,000."
Soros: "I hope so"
Feld said: "The Dow Jones Index is temporarily supported, let's release a negative report."
"Okay" Then Feld Group, Soros Quantum Fund, and Messi Hedge Fund released reports that the economy will continue to decline.
Huntington Bank Building, trading room.
Wu Zhanhai: "Boss, Soros, Feld, Milus Messi and others are releasing a report on the economic recession."
Wang Guanxi smiled and said, "This is a good thing, let them do it, we can just collect the money while lying down."
Then he glanced at the Dow Jones Index, which is still fluctuating around 8400.
"It should be that many short-term short sellers closed their positions, which temporarily supported the Dow Jones Index."
Hours later, the Dow Jones Index fell again.
8380
8375
8356
8350
···
The final closing was 8200.
The Dow Jones Index plummeted by 400 points that day!
Plunge from 8600 to 8200!
In the daily chart, there is a big negative line.
Soros Quantum Fund claims: This is a necessary process for market recovery and negative factors are inevitable. Soros believes that the unemployment rate may rise to 11%.
At this moment, at Cardina Building, Evan Cardina's face was as dark as the back was shining cold.
His book has already lost $4.8 billion!
"Damn it!"
"Why is this happening!"
"Why!"
He grabbed his hand hard, his nails falling into the palm of his hand.
Currently, his account has $200 million in available funds. If the Dow Jones Index falls by another 34 points, his account will be liquidated.
He is unwilling to give up!
He plans to borrow another $1 billion.
He immediately called Sun Trust Bank and Northern Trust Bank and asked to continue the loan, but the other party said he wanted to consider it.
He had no choice but to call Huntington Bank and Wusan Bank, but when he was about to call, he hesitated again.
At this moment, everyone was extremely excited at the Huntington Bank Building.
Today, the Dow Jones Index plummeted by 400 points, and the No. 1 Fund had 800 points floating on its books, with a total floating profit of US$2 billion, and the net value of the account was as high as US$4.8 billion.
Wu Zhanhai said excitedly: "Boss, we made a lot of money this time, and the unemployment rate has indeed set a record high."
Wu Hongsheng said excitedly: "Today, the Dow Jones Index plummeted by 400 points, and it will definitely continue to plummet tomorrow!"
Li Guangyu: "Then Evan Cardinah must have lost its position, right?"
Wang Guanxi yawned: "It shouldn't be liquidated yet. Maybe he will replenish the funds and then resist!"
Lu Jianyan asked: "Boss, then where will we close the position when the Dow Jones Index falls?"
Wang Guanxi thought for a while and said, "Let's wait and see, we are short-term and will not hold short orders for too long."
Guan Zhenyi said: "Boss, we can wait for the Cardinah hedge fund to explode."
Lin Jiyang also said, "Yes, if Evan Cardinah can't borrow money, he will definitely lose his position. Then he can close the position for us!"
At this time, Stephen Steno, the CEO of Huntington Bank, spoke: "Boss, Evan Cardinah wants to borrow $1 billion from us."
Wang Guanxi asked: "Why did you suddenly ask us for a loan? Did the Sun Trust Bank, the Northern Trust Bank, have not given Evan Cardinah a loan?"
"Boss, I think Sun Trust and Northern Trust are not lending Evan Cardinah, are we going to lend Evan Cardinah?"
Wang Guanxi said, "Let him mortgage the equity of Cardinah Health Group to us!"
"Yes, boss!" Then Alan Fishman and Stephen Steno hurriedly informed the people of the Cardinah family.
The Cardinah family holds 25% of the shares of Cardinah Health Group, of which 10% are Class B shares, 15% are Class A shares, Class B shares have 10 votes per share, and Class A shares have one vote per share.
Class B shares alone control 52.8% of the company's voting rights, and the Cardina family firmly controls the Cardina Health Group!
Evan Cardinah did not expect that Huntington Bank and Wusan Bank asked to mortgage control of Cardinah Health Group!
"I guess I'm targeting Cardinah Health Group," Evan Cardinah sneered: "Dream!"
"I'm just borrowing funds for the time being!"
At this time, the phone rang again. It was from the people from Huntington Bank, saying that the loan was changed to an interest-free mortgage. However, there is a condition for this loan, that is, Huntington Bank and Wusan Bank can recover the loan at any time based on the assets of the Cardinas family. If the Cardinas family cannot raise $1 billion to repay the loan, Huntington Bank and Wusan Bank will have the right to dispose of the mortgaged equity.
"Haha, it's just $1 billion. The Dow Jones Index will no longer fall, so I'm fine. Now the Dow Jones Index must have reached its lowest level."
Evan Cardinah then mortgaged 25% of the equity of Cardinah Health Group to Huntington Bank and Wusan Bank, and received a loan of $1 billion.
Cardinad Health Group's current market value is US$6 billion, with a 25% equity value of US$1.5 billion, but Huntington Bank and Wusan Bank still agreed to a loan of US$1 billion.
Chapter completed!