303 strong stock price! Heavy hit!(2/2)
They are worried that the stock price of AUB Bank will continue to soar.
This time they asked Blackshirt Investment Bank that borrowed 200 million shares of American Bank to short American Bank, which was betting on American Bank following the footsteps of Lehman Brothers and Washington Mutual Bank.
Once American Bank goes bankrupt, they will make a big profit, and black shirt investment banks will lose all their money.
Because Blackshirt Investment Bank wants to close the position, they have to wait until they close the position and return the stock to Blackshirt Investment Bank, which can only close the position.
However, the situation is becoming more and more unfavorable to them now.
The share price of MILF actually stood firm at $2.5 per share. They held 200 million short orders in their account, and their position was $1.5 per share, and their book loss was $200 million.
Li Songwei sighed and said, "Oh, this damn American Bank, its stock price is so strong now."
It was fine last night, and the stock price of MUF Bank was very weak, but tonight, MUF Bank's stock price still stood firm at $2.5 per share, which was simply puzzled by him.
You Zhenxuan said helplessly: "I don't know what happened to this American Bank? Did you take the wrong medicine?"
Now the stock price of United Bank has stabilized at $2.5 per share, which is very abnormal, just like a dying patient suddenly stood up and ran wildly.
Jiang Jiwei asked uneasyly: "The stock price of this United Bank will not continue to rise, will it?"
Now the stock price of MUFB cannot fall, and it has been nailed to $2.5 per share. He is really afraid that the stock price of MUFB will continue to rise.
Yue Runlin said with a very stuffy chest: "Tm, is this American Bank still going bankrupt?"
This American Bank suffered heavy losses, and the losses may go bankrupt. The negotiations with Citibank and Wells Fargo have not been specifically resulted, and it must be the result of Lehman Brothers, or Washington Mutual Bank.
But now the stock price of American Bank is still so strong, is it still going bankrupt?
Is it like Lehman Brothers that before the company went bankrupt, the stock price was still strong after all?
No, it shouldn't be the case.
Yue Runlin is very confused now.
Ju Debiao said uneasyly: "Cao, will this American Bank be really acquired by Citibank or Wells Fargo, right?"
But he was very worried that the United Bank would be acquired by Citibank or Wells Fargo at a premium.
If this is true, the consequences will be unimaginable. The five of them will suffer heavy losses due to shorting of the United Bank and may lose their positions.
For example, Citibank acquired shares of American Bank at a premium of $5.5.
The five of them shorted 200 million shares of United Bank, with a position building at US$1.5 per share, which was a loss of US$400 million per share.
200 million shares means a total loss of US$800 million.
Speaking of this, everyone's hearts were hanging.
At this time, the stock price of American Bank was sold out by a large amount of New Jersey pension, and the stock price fell to $2.25 per share, and the five people were immediately overjoyed!
"Haha, I knew the stock price of this United Bank would fall."
"Don't worry"
"It's OK"
"Haha, it's a false alarm"
"I'm paralyzed, I've scared me before!"
At this time, the news came again.
[The US government will launch a new plan to rescue the market]
The United States is in a critical state, and if the government does not take action, the consequences will become increasingly serious.
The continued harm to the US economy will be serious and lasting.
Therefore, the White House and Congress are preparing to negotiate a new rescue plan, and optimistically estimate that the new version of the plan will be released as early as Wednesday.
[Congressional leaders set out to revise the rescue plan]
U.S. Congress leaders are trying to figure out how many changes are needed to make to the Treasury $700 billion rescue plan to convince opposition lawmakers in the House of Representatives to adopt the plan aimed at saving the U.S. financial system.
··
A series of good news is here.
The stock market is caring again!
The Dow Jones Index rose wildly.
Bank stocks rose wildly.
I saw that the stock price of United Bank rose all the way!
The faces of the five people suddenly changed drastically!
I started to sweat a little, my face pale!
The stock price of American Bank is rising very strongly!
2.3
2.4
2.5
Chapter completed!