At this moment, St. Paul's Middle School, Wang Guanxi smiled.

He sold 27.5 million shares of Hengda Auto, but the stock price did not fall but rose instead. It was obvious that someone specifically opposed him on Hengda Auto’s stock.

He thought to himself: "The stock I borrowed was borrowed from Yongheng Securities Company."

"It must be someone from Yonglong Securities, or a friend from Yonglong Securities, who is right with me in Steady Hengda Auto's stock. It's obvious that I'm going to drag me to death and collect interest every day."

Borrowing stocks to short sell requires interest, obviously you are rushing your own wool.

"But it doesn't matter, wait and see."

"Yonglong Securities, let's take a look!"

"You're deserving this time"

The 2,750 shares of Hengda Auto shorted by Wang Guanxi were borrowed from Yonglong Securities through Yongheng Securities. At that time, Hengda Auto's stock price plummeted and he was paying the same amount of shares to Yonglong Securities.

For example, Wang Guanxi sold 27.5 million shares at 1.20 yuan per share, worth 33 million.

If Hengda Auto's stock price plummets to 0.6 yuan per share, Wang Guanxi's closing position will be equivalent to buying 27.5 million shares in the market and returning them to Yonglong Securities Company.

By then, the 27.5 million shares of stocks are only worth HK$16.5 million, and Winglong Securities Company will lose 16.5 million.

In fact, Wang Guanxi's shorting of Hengda Auto's stocks is a bet against Yonglong Securities Company.

This Yonglong Securities Company will naturally not want Hengda Auto’s stock price to fall, because if Hengda Auto’s stock price falls sharply, Yonglong Securities Company will lose a lot of money.

The interest they collected from Wang Guanxi was not enough to fill.

If Hengda Auto's stock price rises sharply, the stocks held by Yonglong Securities will also charge Wang Guanxi's interest while increasing. The longer the time it takes, the more interest the more wool you get.

Wang Guanxi naturally knew the little abacus of Yonglong Securities Company.

Can Hengda Auto’s stock price be stable now?

Wait and see!

At night, Wang Guanxi watched the news.

[Fortis Group (fortis) lost $4 billion in US stocks, and its joint venture with Bear Stearns Bank went bankrupt, and its stock price plummeted to a record low]

Fortis is an international financial services group active in the insurance, banking and investment fields of the world, and is one of the largest financial institutions in Europe.

[Ping An Fund buys the bottom of Fortis Group and loses 700 million euros]

Ping An Fund was also cheated. After all, it was the reason for Bear Stearns Bank.

Although Bear Stearns Bank was acquired by Morgan Bank at a bargain price, the shock wave it caused is still fermenting.

At this moment, Ping An Fund's branch, asset management department, and senior vice president Hao Yumao, intends to sell off some listed companies' stock assets to supplement current cash.

They have selected stocks from several listed companies and intend to sell them on the stock market.

This includes Hengda Auto.

"Mr. Hao, Hengda Auto's stock price is still rising. Do we want to sell it out?" asked a trader.

Hao Yumao nodded: "Hengda Auto's stock price has also come to an end, and the automobile industry will definitely be in a downturn in the second half of this year."

"Its stock price is still inflated and it can no longer hold on."

"Start tomorrow, clear its stock"

Hengda Auto is a company under Hengda Group. House prices in mainland China will definitely plummet once this year, because the US real estate collapses and will soon be transmitted to the whole world. Hengda Group will definitely be affected by that time.

Currently, Ping An Fund holds 500 million shares of Hengda Auto, which is temporarily worth HK$650 million.

"Yes, Mr. Hao"

The next day, April 4th, Friday.

Hong Kong stock market opens.

Ping An Fund began to sell Hengda Auto's stock.

1 million shares!

1 million shares!

····

The stock price of Hengda Auto continued to fall, and soon the stock price of Hengda Auto fell from 1.30 yuan per share to 1.20 yuan per share.

Hao Yumao ordered: "Selling volume is reduced by half"

500,000 shares!

500,000 shares!

···

Wang Guanxi from St. Paul's Middle School looked at this scene and smiled.

There are no floating losses in his account and he has started to make a profit.

He knew that Hengda Auto's stock price was about to plummet today, and there must be large institutions selling its stocks.

Continue to class.

·

Time flies, and at this time Hengda Auto's stock price was stabilized at 1.20, and it is obvious that institutions are increasing their holdings.

It should be the major shareholders of Hengda Auto, or perhaps which fund company it is.

Hao Yumao: "Increase the sale"

"Yes, President" everyone has begun to increase their selling.

2 million shares!

2 million shares!

··

Hengda Auto’s stock price began to plummet after a brief support!

After the closing of the morning session, it fell to 0.70 yuan per share

In this morning, Hengda Auto's stock price plummeted from 1.30 yuan per share to 0.70 yuan per share, and the stock price plummeted 46%

And Wang Guanxi was very happy.

He shorted 27.5 million shares of Hengda Auto, with a position of 1.20 yuan per share, with a floating profit of 13.75 million.

It's so cool.

It was very exciting to have lunch at noon.

Thinking of Yonglong Securities Company being against me, I guess I’m losing money now.

Wang Guanxi was very proud and happy inside.

Yesterday afternoon, he shorted Hengda Auto's stock, but was blocked by Yonglong Securities. They actually raised the stock price, causing Wang Guanxi to lose money, and wanted Wang Guanxi to lose money every day, collect interest every day, and take Wang Guanxi's wool. Now it's fine.

The stock price plummeted, and Yonglong Securities didn't know how much it would lose.

At this time, his phone rang, and it was Feng Shaokun, Yongheng Securities Company.

Connect.

On the phone, Feng Shaokun congratulated: "Mr. Wang, you are really the stock god."

"You shorted Hengda Auto's stock yesterday, and Hengda Auto's stock plummeted today. Oh my God, I admire you."

Before, Wang Guanxi suddenly asked him to borrow Hengda Auto's stock to short, but for the sake of agency fees and commissions, he still did it and borrowed Hengda Auto's stock from Yonglong Securities Company and asked Wang Guanxi to short.

Yonglong Securities Company is also very happy because shorting stocks means betting against them. Securities companies have never been afraid of retail investors.

Now, the stock price plummeted by 46%, and Yonglong Securities suffered a heavy loss.

At this time, Wang Guanxiqian smiled and said, "I'm just lucky. When the stock price falls below 0.50 yuan, I will close the position, buy stocks in the market, and return it to Yonglong Securities Company."

"Then Yonglong Securities Company suffered a lot this time, haha."

··

At this moment, Wu Zhanhai's face was extremely gloomy.

They hold 60 million shares of Hengda Auto, and lost 27.6 million on the books in Hengda Auto this morning!

He was so angry that he was so angry.

"Damn it!"

There must be big institutions selling wildly!

He felt very unlucky and encountered such a thing.

If Wang Guanxi fails to get rid of the wool, he will be cheated.
Chapter completed!