387 World is heavy! Gain huge profits!(2/4)
His phone rang at this time, it was his father, Bourn Batra.
Bourn Batra is very unhappy with Sandep Batra's recent performance.
Sandep Batra explained and claimed to increase his stake in Citibank.
The father and son have been talking for a long time.
At this moment, the black shirt center, in the trading room.
Wang Guanxi looked at the closing price of Citibank at $31 per share, and his face felt a little heavy.
Unexpectedly, I bought Citibank's stock this time.
I was trapped that day.
Citibank's share price has fallen to $31 per share, while Fund No. 2 holds 45 million shares, with a position building position of $40 per share, and a floating loss of $405 million on the book.
Huang Shaokai couldn't help but say: "Boss, I didn't expect that Citibank's stock will be jointly shorted by Soros Quantum Fund and Feld Group this time!"
Zhang Dexi: "I thought Soros and Feld didn't dare to smash it, but I didn't expect these two old foxes to be so cunning!"
Wang Guanxi nodded: "This Soros, Feld is really hard to deal with. I thought they were scared and retreated, but I didn't expect that the stock price of Citibank was knocked down again."
Wu Zhankun also said: "Yes, the bulls are really in a slump, which makes us all trapped."
Wang Guanxi gently picked up the teacup and took a sip of tea, saying, "These two old foxes have been holding back and forth, and they have only attacked when the bulls in the market are declining."
Wang Juehao asked: "Boss, are we going to find funds to continue to increase our positions?"
Bai Weiqiang: "Soros Quantum Fund and Feld Group shorted a lot of Citibank stocks. Maybe we can find funds to buy at the bottom!"
Wang Guanxi shook her head: "No need for now, let's see what happened this weekend. There are a lot of big things recently."
After saying that, Wang Guanxi left the trading room.
The next day, January 3rd, Saturday.
Soros Quantum Fund: Citibank may be split
Feld Group: Citibank lost more than $20 billion in the fourth quarter, and hundreds of billions of dollars of bad debt assets will not be guaranteed by the U.S. Treasury Department
Huang Shaokai asked: "Boss, Soros, Feld is spreading rumors about Citibank."
Zhang Dexi also said: "Will the US Treasury Department rescue Citibank?"
Wu Zhankun: "Soros and Feld are spreading rumors about Citibank. Wouldn't Citibank explain it?"
Wang Juehao: "It should be soon"
Bai Weiqiang: "I don't know if the US Treasury Department will inject capital?"
Wang Guanxi smiled and said, "Let's wait and see the show."
Then the horsemen discussed the topic of Citibank being rescued in the trading room.
Soon Citibank hit back at Soros Quantum Fund and Feld Group.
Wall Street Journal: Citi CEO Pan Weidi said he does not plan to split it up!
Pan Weidi told Citigroup employees this morning that he does not plan to sell or spin off its Solomon Mebon Securities division.
A plan was announced to cut 52,000 employees!
On Sunday, January 4th, the following day, it was reported that the Ministry of Finance would rescue Citibank.
But the U.S. Treasury Department did not comment.
Monday, January 5th, 8 pm.
The world is heavy!
The U.S. Treasury Department announced that it would inject $25 billion to Citibank and guarantee Citibank's $300 billion in non-performing assets.
Finally, the plan will be divided into two parts: the government will provide guarantees for Citi's $306 billion worth of its $306 billion problem assets, and the US government will spend another $20 billion to invest in Citi.
A statement jointly issued by the U.S. Treasury Department and Federal Deposit Insurance Corporation said that the move was to maintain stability in the financial market.
“Through this series of initiatives, the U.S. government has taken all the necessary measures to strengthen the financial system and protect taxpayer interests and the U.S. economy.”
As compensation for obtaining guarantees, Citi will issue $7 billion worth of preferred shares to two government departments with a dividend of eight percent.
The problematic assets that Citi secured include housing and commercial real estate-backed loans and securities, as well as other assets on Citi's balance sheet.
However, Citi must digest the initial $29 billion in losses caused by these assets. The excess losses will be shared by Citi and the government, of which 90% will be borne by the government.
If losses continue to occur, the Federal Reserve will bear the responsibility.
The US government quickly took action to rescue Citi, saving Wall Street from a new financial tsunami.
Black shirt center.
Wang Guanxi and others were all excited.
"The Ministry of Finance is here to assist"
‘Ah haha, I just said the US government won’t let Citibank be done’
"Yes, Citibank is over, that's the second round of financial tsunami."
"It's so good now, Citibank's stock price will inevitably surge at the opening!"
"Yes, it will inevitably surge!"
"Look at Soros, will the two old foxes of Feld retreat?"
"Tonight our books will definitely go from floating losses to floating profits!"
Wang Guanxi also smiled and said, "This time, Citibank's stock price will rise for many days!"
"We are buying at the bottom in the short term this time and will short Citibank in the future!"
"Low, wait for the US stock market to open and see how much Citibank's stock price has risen!"
Time is slowly passing, and the opening of the US stock market is getting closer and closer. In the trading room, everyone is very excited and looking forward to it.
Wang Guanxi was sitting in the trading room excitedly while sweating profusely. After nearly an hour, he leaned against the yoga mat, gasping for breath, and almost unable to move his whole body.
Huang Shaokai brought the water, "boss!"
Wang Guanxi opened the water bottle and took a few sips, asking: "Is the US stock market open now?"
"Half an hour left, Citibank's short sellers are probably scared." Huang Shaokai said excitedly.
After doing a few sit-ups, Zhang Dexi, who was standing by, also said excitedly: "It's morning in the United States time. Soros and Feld must have not woken up yet. Hehe, this time these two old foxes are feeling very good."
Wang Guanxi smiled and said: "Actually, it is right to short Citibank, but there is a problem with the time choice. If these two old turtles do not retreat tonight, there will definitely be a lot of floating losses on the books."
Wu Zhankun asked excitedly: "Boss, will we short Citibank again after the stock price soars for a few days?"
Wang Guanxi nodded: "Well, that's it, but the specific location is still uncertain. Let's see how much Citibank's stock price has risen tonight."
Wang Juehao asked: "Boss, I think if Soros Quantum Fund and Feld Group retreat tonight, Citibank's share price can rise at least 35%."
Wang Guanxi nodded: "Soros, Feld has shorted so many Citibank stocks before. It is not easy to withdraw. It must be a loss-making appearance. I don't know how much they have lost."
Bai Weiqiang said excitedly: "This time retail investors and other financial institutions will definitely buy Citibank stocks at the opening. It is very difficult for Soros and Feld to retreat. I think Citibank's stock price will definitely rise by more than 50%.
Wang Guanxi took a big sip of water and wiped the sweat from his forehead. "This Soros and Feld closed their positions tonight, which will definitely make Citibank's stock price break through $50 per share."
"There are so many investment institutions in the world and retail investors who are watching it. The share price of Citibank will definitely rise for several days!"
As he said, the focus of the world has been turned to Citibank.
If Citibank goes bankrupt like Lehman Brothers, it will cause a second financial tsunami.
Fortunately, the US Treasury Department guaranteed 3,000 non-performing assets and invested $25 billion to Citibank.
This is a major benefit to Citibank's stock price!
No matter how Citibank is going in the future and whether it can get out of the predicament, it is super good news now, and the stock price will definitely soar tonight.
I don’t know how many investors plan to make a quick money.
In the stock bar, many retail investors were excited, as if they saw gold.
"I'm going to buy Citibank stocks tonight."
“Excellent opportunity to buy at the bottom”
"Yes, yes, buy a few thousand shares tonight"
"Buy tens of thousands of shares, I mortgage all my property on Citibank stocks, hoping to double the price and make a million dollars."
"Haha, I bought Citibank at the bottom last Friday and I'm going to win now."
"Soros Quantum Fund is a bad writer, but I'm lucky I didn't listen to it."
"Yes, Soros Quantum Fund and Feld Group are shorting Citibank this time, and there will be a good show tonight."
"I want to buy Citi at the bottom and let Soros lose money!"
"Fuck Soros to death!"
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To be continued...