Chapter 112, 112 plummeted for two consecutive days, a drop of 53.5%!

  At 3 pm, Wang Guanxi came to Wing Hang Securities Company.

  Now BYD Electronics Group’s share price has fallen to 9.00 Hong Kong dollars per share again.

  Wang Guanxi’s account has a floating profit of 10 million Hong Kong dollars.

  Feng Shaokun said with a look of excitement: "Guanxi, you have made money again this time, really amazing."

   Last Friday, the share price of BYD Electronics Group rushed to the 14.00 position, Wang Guanxi's account lost 40 million Hong Kong dollars, and he was worried that Wang Guanxi was finished.

After all, the American Fidelity Investment Group (FMRLLC) is increasing its holdings of BYD Electronics Group’s stock, and Wang Guanxi is competing with such a giant who manages 2 trillion US dollars in assets. The same in the mouth of a whale.

  What kind of horrible monster is 2 trillion dollars?

  It is more than 15 trillion Hong Kong dollars.

  Just use billions to buy a stock, and that stock will skyrocket a lot.

  This time the US Fidelity Investment Group increased its holdings of BYD Electronics Group’s stock. He thought the stock price would rise above 20 Hong Kong dollars. He didn’t expect it to turn around in a blink of an eye, and now it has fallen to 9.00.

  Wang Guanxi’s account has changed from a floating loss of 40 million Hong Kong dollars to a floating profit of 10 million Hong Kong dollars. Feng Shaokun had to accept it.

  "I'm just lucky" Wang Guanxi smiled with lingering fear: "This American Fidelity Investment Group is just setting off smoke bombs."

In fact, there are risks this time, but in his expectation, the major shareholder of BYD Electronics Group is cashing out a large amount of stocks, and he regards the American Fidelity Investment Group as a high-level receiver. Now it is also in a high-level position. There are so many stocks down, because there is no fool who will take the order at a high position. It will wait for the stock price to drop to a lower position before increasing its holdings.

  This FMRLLC is definitely waiting for the share price of BYD Electronics Group to drop to a lower position, and then buy a large amount again.

  Wang Guanxi is against it this time,

  Feng Shaokun also suddenly realized: "Indeed, it is a smoke bomb, Guanxi, you are really an investment genius."

  "Why don't you join us at Wing Hang Bank as an asset manager, how about?"

  He really wants to win over Wang Guanxi's investment genius to join them at Wing Hang Bank.

  Although he is only the manager of Wing Hang Securities Company, he is one of the third-generation heirs of the Fung family. With the help of Wang Guanxi, he will definitely become the head of the Fung family.

  Wang Guanxi directly refused and said: "No, I am not interested in working for someone. In the future, I will open an asset management company. If you invest money, it is still possible."

Wing Hang Bank is only a medium-sized bank in Hong Kong. The Fung family jointly holds nearly 50% of the shares of Wing Hang Bank, and the Bank of New York Mellon holds 20%. After the global financial crisis, Hong Kong’s local small and medium-sized banks are increasingly living. The more sad it is that in the future, Wing Hang Bank will be acquired by Singapore's OCBC Bank for HK$38.7 billion. The Fung family withdrew from the banking industry and switched to other industries.

  Feng Shaokun smiled and said, “Well, I’m just waiting for you to open an asset management company. I will definitely invest in your company at that time.”

  He felt that a genius like Wang Guanxi would definitely be able to do a great career in the future. They Wing Hang Securities and Wing Hang Bank were just a small temple, and they couldn't accommodate Wang Guanxi.

  Wang Guanxi: "Yes, welcome"

  In fact, he just said casually, he doesn't engage in any private equity funds.

  He will not be short of money in the future, so he can use his own money to invest.

  Of course, if an asset management company is established in the future, it is also possible to hand it over to an agent, Ma Tsai, to manage it.

  The two chatted all the way.

  The share price of BYD Electronics Group, which has fallen below the 9.00 position, suddenly fell by 0.4 yuan to 8.60.

  There is a surplus of 14 million Hong Kong dollars in Wang Guanxi’s account.

   "I rely on it, it fell below the 9.00 position"

   "It's falling fast!"

   "This American Fidelity Investment Group is a pit!"

  Feng Shaokun was very excited and admired Wang Guanxi even more in his heart.

  ··

  At this moment, the Hong Kong branch of the American Fortis Investment Group.

  Si Xiuliang looked calmly at the stock price chart of BYD Electronics and China Resources Beer.

The assistant beside    asked: "President, BYD Electronics' stock price has fallen below 9.00. Are we starting to increase our holdings?"

  Si Xiuliang took his gaze back from China Resources Beer. After taking a look at the share price of BYD Electronics, he opened his mouth and said: "Let the stock price continue to fall. We will wait for it to fall to a suitable position and we are buying."

In fact, his goal has been achieved. They plan to invest in BYD Electronics Group’s stock, but the stock price is a bit high, so he hopes that the major shareholders and large retail investors will cash out more and make the stock price fall even lower, and then they will buy again. This way the cost will be much lower.

  After all, they are long-term investments, and they may hold shares of BYD Electronics for several years.

   "Yes, President!"

  ··

  HSBC International Trust Hong Kong Branch.

  Jiang Quan just watched the share price of BYD Electronics have fallen to 8.60, and watched that the US Fidelity Investment Group will not increase its holdings for the time being.

  They have all cashed out a lot of money this time. While the stock price is still high, continue to cash out.

   So he ordered: "Continue to close the position"

  They hold so many shares, it is difficult for them to cash out without a large number of takers.

  "Yes, President Jiang"

  Under the sell-off of HSBC International Trust.

  The share price of BYD Electronics Group has fallen all the way.

   quickly fell to the 8.00 position.

   was not supported, and continued to fall, falling to the 7.00 position.

  But still not supported, the stock price fell to 6.50 yuan per share when the market closed!

  The share price of BYD Electronics plummeted yesterday, and it plummeted again today!

   plummeted for two consecutive days, from 14.00 to 6.50, a drop of 53.5%!

   Obviously there are big funds cashing out wildly.

  Wing Lung Securities Company, Wu Zhanhai is completely dumbfounded. He holds 4 million shares in his account and now has a loss of 22 million Hong Kong dollars.

   "Damn it, it's down 53.5%. Why doesn't this US Fortis Investment Group buy in!"

  Looking at the floating loss of 22 million Hong Kong dollars, he was very angry inside, and there was a kind of regret of being cheated.

  As for Ping An Fund, Hao Yumao frowned.

   "It seems that only the long-term cable is available"

  He is still optimistic about the prospects of BYD Electronics Group.

  Wang Guanxi’s account has a floating profit of 35 million Hong Kong dollars. He is very excited to know that the major shareholder of BYD Electronics Group is selling.

  He just waits to collect the money.

  It is estimated that the stock price will fall sharply tomorrow, and then I can close the position.

  Close the position as soon as possible to cash in profits, because the US Fidelity Investment Group will enter the market at any time to increase its holdings of BYD Electronics' stocks, and then the stock price will increase.

  Wang Guanxi closed the position in advance, and then shorted it again at a high position!

  Thinking of this, he is looking forward to it.

  This time he was sucking blood on the Fidelity Investment Group in the United States, and slapped on the HSBC International Trust Company.

  (End of this chapter)