Chapter 396 396 Three funds have huge floating profits, clearing short positions in Bank of America!

  "It's the BOSS" Then the horses went to count the floating profits.

  Wang Guanxi was a little tired leaning on the sofa, closing his eyes and looking up.

  This time short Wells Fargo Bank, totaling 250 million shares. For two whole nights, everyone was fighting in the financial market, which kept people in a state of excitement.

  Now the task of shorting Wells Fargo Bank has come to an end. The bulls in the market have collapsed, and they have been trapped to death.

  The next step is to lie down and collect money.

  In the future, Wells Fargo’s stock price will continue to fall.

  The financial crisis is still intensifying. The stock prices of Wells Fargo, Citibank, Bank of America, and HSBC have not yet fallen to the bottom.

  At this time, Huang Shaokai walked excitedly and said: "BOSS, our No. 3 fund has a floating profit of 1.5 billion US dollars on the book."

  This time the No. 3 Fund shorted 250 million shares of Wells Fargo Bank, with an average position of $20 per share.

  Now Wells Fargo’s stock price has fallen to US$14 per share, with a floating profit of US$6 per share, and 250 million shares, which is a floating profit of US$1.5 billion.

  1.5 billion US dollars, according to Hong Kong dollars, that is 11.6 billion Hong Kong dollars.

   "Boss, we have more than tens of billions in a single day!" Zhang Dexi almost jumped up excitedly.

  "BOSS, the net value of the No. 3 fund account is as high as 7.3 billion US dollars" Wu Zhankun is even more excited.

  Wang Guanxi is also very satisfied, "Very good, the net value of this No. 3 fund of 7.3 billion US dollars, that is 56.5 billion Hong Kong dollars."

  Wang Juehao also excitedly said: "BOSS, 56.5 billion Hong Kong dollars, completely out of the top ten consortiums in Hong Kong."

  Bai Weiqiang also said: “Our old opponent Huang’s consortium, Zheng’s consortium is afraid that the total assets of the present are not as much as the No. 3 Fund.”

  Huang's consortium, Zheng's consortium, the market value of the two listed companies is still shrinking and sluggish.

  In fact, it can already be kicked out of the top ten consortia.

  However, they hold a large amount of real estate assets. Once the real estate industry picks up, the assets will soon expand, and then the debts will be paid off. The market value of the two consortium companies will also quickly rise.

  Wang Guanxi smiled faintly: "Huang's consortium, Zheng's consortium, when we are done, we must fix them well."

In the previous financial wars, the Hong’s alliance was over, and the Huang’s consortium and the Zheng’s consortium were also hit hard. The financial crisis put them on the verge of breaking the capital chain. Now they are busy saving themselves and joining forces with Wang Guanxi’s opponents. Come together to suppress the development of the Heishan Group, and Wang Guanxi is also busy investing and making money. After he finishes his work, Kendi must repair the Huang Family Consortium and the Zheng Family Consortium.

  “This Huang’s consortium, Zheng’s consortium have been collaborating with Shangri-La Hotel Group, the Black Shirt Alliance, Sumitomo Insurance under the Sumitomo Consortium, the Ala Consortium in the Philippines, and the seven major financial giants in India to fight us.”

  "In the future, we will set up real estate companies, retail companies, freight companies, logistics companies, and jewelry companies to **** the business of the Huang and Cheng consortiums"

   "Let me see how much money they have to fight with us!"

  After finishing talking, Wang Guanxi grabbed the teacup firmly.

  Huang Shao said with a smile: "BOSS, now our No.1 Fund, No.2 Fund, No.3 Fund, No.4 Fund's net worth has crushed them."

   Fund No. 1 holds equity in Huntington Bank, as well as equity in Amazon.com.

   Fund No. 2 shorted Citibank.

  No. 3 fund short Wells Fargo Bank.

  Fund No. 4 shorted Bank of America Corporation.

  The sum of their net worth is huge.

  And tonight, Citibank, Bank of America, like Wells Fargo, have their share prices plummeted.

  Wang Guanxi asked: "I have counted the floating profits of No. 2 Fund, No. 4 Fund"

  "Yes, BOSS" Huang Shaokai and others hurried to count.

   Soon Huang Shaokai shouted excitedly: “BOSS, Citibank’s share price has fallen to 45 US dollars per share, and the No. 2 Fund has a floating profit of 1.5 billion US dollars.”

   Fund No. 2 shorted 60 million shares, and the position was opened at $70 per share.

  Floating earnings per share of 25 US dollars, 60 million shares, that is 1.5 billion US dollars.

  The principal amount is 3.465 billion US dollars, plus the floating profit of 1.5 billion US dollars, the net account value is as high as 4.965 billion US dollars.

  Wang Guanxi is very happy: "Very good, I hope that tomorrow the net value of Fund 2 will exceed 5 billion US dollars!"

  Huang Shaokai said excitedly; “BOSS, the share price of Citibank is still falling, and the No. 2 Fund will definitely break through the net worth of US$5 billion.”

  Wang Guanxi then asked: "What about Fund 4?"

  Fund No. 4 is shorting Bank of America, and the stock price of Bank of America has also fallen a lot tonight.

  At this time, Zhang Dexi said excitedly: “BOSS, the stock price of Bank of America Corporation has fallen to 12 US dollars per share, and the No. 4 Fund has a floating profit of 1.04 billion US dollars.”

  Fund No. 4 shorted 40 million shares and opened a position at $38.00 per share. These 40 million shares were borrowed from the Imperial Bank of India.

  Floating earnings per share of 26 US dollars, total floating earnings of 1.04 billion US dollars.

  The principal amount was US$1.52 billion, of which US$320 million was borrowed from Bank of Baroda, Indian Overseas Bank, and Union Bank of India.

  Now the account equity is as high as 2.56 billion US dollars.

  Wang Guanxi took the tea cup with joy, took a sip, and said, “The floating profit is 1.04 billion U.S. dollars, which is pretty good. It’s time to close the short position of Bank of America.”

  The time to short Bank of America Corporation began on October 3, 2008, and now more than three months have passed.

  The 40 million shares of Bank of America Company borrowed were priced at US$38 per share and valued at US$1.52 billion. They had to pay the Imperial Bank of India a monthly interest of US$22.8 million.

  For three months, it is 68.4 million US dollars, which is 530 million Hong Kong dollars.

   is really a huge expense.

   "Yes, BOSS!" Everyone was looking forward to it.

   "I hope that the stock price of Bank of America will continue to fall tomorrow!"

   "Today Bank of America's stock price fell from 15 US dollars to 12 US dollars, a drop of as much as 20%, and the trading volume was 200 million shares!"

  “Many financial institutions are selling the shares of Bank of America Corporation”

   "Hope to continue selling tomorrow, let us close the position"

   "Hey, this Imperial Bank of India, Union Bank of India must have suffered a miserable loss"

   "That's natural. Before, Gilayu Amin of United Bank of India came to stop us. Now Bank of America's stock price has dropped from $38 to $12 today. I don't know how much money they lost in their accounts."

  When the No. 4 Fund shorted Bank of America Corporation, it was strongly blocked by Gilayu Amin of the United Bank of India. After a battle between the two sides, they won.

  There was a floating profit of US$1.02 billion on the book, and the United Bank of India had at least a loss of more than US$1 billion.

  Wang Guanxi smiled and said: “Gila Yu Amin, this curly hair, was arrogant when he came to stop us last time. He told me on the phone, ‘I’ll officially notify you.’ It’s funny thinking about Lao Tzu.”

   "Now that this curly hair has so much loss on the book, it must be because of crying out of the toilet."

  Huang Shao laughed and said: "BOSS, and this Indian curly has lost a lot of money on the book this time, I don’t know if I will negotiate a settlement with me."

  Wang Guanxi: “I heard that this curly hair has also made a lot of money in other places recently, and I don’t know if it’s true”

  Zhang Dexi said: "BOSS, it's true. Gilayu Amin of United Bank of India recently made more than one billion US dollars."

  Wang Guanxi was taken aback: "This curly hair still has some ability."

  Wu Zhankun smiled and said: “BOSS, Union Bank of India holds 100 million shares of Bank of America, and now there is a loss of at least US$2 billion on the books. He earned more than US$1 billion and it’s not enough to fill in.”

  Wang Guanxi nodded: "Yes."

  At that time, the curly hair of Gilayu Amin was very arrogant, and now it has lost more than 2 billion U.S. dollars on the book. I don't know what the curly hair is now.

  At this time, Wang Juehao asked: “Boss, I don’t know if this curl will settle the stocks of Bank of America with me?”

  Bai Weiqiang: "It should be, just wait and see"

  Wang Guanxi thought for a while and said, “Call this curly hair directly and tell Gilayu Amin that we can settle the stocks of Bank of America with them at market prices.”

  Fund No. 4 is about to liquidate. Liquidation will increase the stock price of Bank of America. The best way is to settle directly with the United Bank of India at market prices.

  In this case, you can fish more.

  If the Gilayu Amin is acquainted, settle it early.

  "Yes, BOSS" and the phone call went to Jirayu Amin, Asia Pacific President of United Bank of India.

  Gilayu Amin wanted to talk to Wang Guanxi in person, so the call was handed over to Wang Guanxi.

  Wang Guanxi joked: "Mr. Gilayu Amin, I heard that your Union Bank of India has a floating loss of 2 billion U.S. dollars on Bank of America Corporation?"

   Gilayu Amin corrected it: “Wrong, it’s not US$2 billion, but US$2.5 billion.”

  Their Union Bank of India holds 100 million shares of Bank of America Corporation. They opened a position at 37 US dollars per share. Now the stock price has fallen to 12 US dollars per share, and the loss is extremely miserable!

   has lost 2.5 billion US dollars.

  Wang Guanxi smiled and said: "2.5 billion U.S. dollars, I happen to be floating in 2.5 billion U.S. dollars."

  Gilayu Aming smiled: "You just borrowed 40 million shares of Imperial Bank of India. You can float 2.5 billion U.S. dollars. You really know how to blow it."

  After a few words, Wang Guanxi said: "The price of 12 US dollars per share is settled. If you want to reduce losses, the United Bank of India will agree to this price."

   On the phone, Lijirayu Amin said: "The price of 12 dollars per share is settled. You treat me as a beggar. At least 15 dollars or more, I will consider it."

  Wang Guanxi joked: "Hehe, I will consider that 15 dollars per share, and I will give you the answer in a few days."

  Gilayu Amin suddenly laughed: "Wang Guanxi, I'm joking with you, are you serious?"

   "Do you really think I, Gilayu Amin, will settle with you?"

  "Isn't it just a floating loss of 2.5 billion US dollars, do I care?"

  Wang Guanxi smiled: "You are awesome, then you have been holding the stock of Bank of America. Listen to you recently made more than one billion US dollars?"

  Girayu Amin corrected it again and said: "Wrong, I recently made 4 billion U.S. dollars. Do you think I care about the floating loss of 2.5 billion U.S. dollars?"

  "The stock price of Bank of America will rise sooner or later!"

  "Will I settle with you at a price of $12?"

   "Don't dream anymore."

  Wang Guanxi smiled: "Don't regret it!"

Gilayu Amin laughed: "What do I regret? I officially inform you that I will spend 4 billion U.S. dollars to increase the stock of Bank of America. If you have the kind, continue to hold the stock of Bank of America. Don't close your position! "

   "Hehe, OK!" After finishing the call, Wang Guanxi asked, "Is this Gilayu Amin recently made 4 billion US dollars?"

  This Gilayu Amin ‘formally notified’ again, saying that he would increase his holdings of Bank of America’s shares by US$4 billion.

  Zhang Dexi quickly said: "BOSS, they only made 1.5 billion US dollars. Without 4 billion US dollars, it is just bragging!"

  Wang Guanxi shook his head and smiled, and then said, “What Gilayu Amin said to increase his holdings of Bank of America’s stock with US$4 billion, ha ha!”

  Wu Zhankun asked: "BOSS, if they increase their holdings, it will affect our liquidation."

  Wang Juehao also said: "Their funds are not enough to change the trend, right?"

  Bai Weiqiang: “There are still a lot of selling in the market, and they are just buying bottoms when they enter the market, but they do affect our liquidation.”

  Wang Guanxi nodded: "We are going to close our position, but they plan to increase our holdings, which will make us a lot less profit."

   "But we are going to clear the position first. We will find the opportunity to short Bank of America after we have cleared the position. Then I will be eager for them to continue to increase their holdings."

   Then he ordered: "Call Feroz Sanhavi of the Indian Imperial Bank and say that we will settle with them at market prices!"

  Fund No. 4 shorted 40 million shares of Bank of America Corporation, which was borrowed by Imperial Bank of India. Wang Guanxi wanted to settle directly with Imperial Bank of India.

  The call soon reached Feroz Sanhavi.

  Feroz Sanhavi directly said to Wang Guanxi on the phone: "If you want to settle at the market price, that is a pipe dream."

  Wang Guanxi was taken aback: "Then you, like Gilayu Amin, plan to increase your holdings of Bank of America?"

  Feroz Sanhavi: "Yes, I plan to increase my holdings in Bank of America. If you want to liquidate your position in the market, it doesn’t matter."

Wang Guanxi asked: "Your Imperial Bank of India also has so many losses on the books, and you are increasing your holdings? I now give you a chance to make you lose a little less money. You don't know how to raise it, Feroz Sanhavi. , I am giving you a chance!"

Feroz Sanhavi smiled disdainfully: "You are also rationed to me? Wang Guanxi, you are not qualified to pretend to be a boss in front of me, save it, don’t close your position if you have the kind, wait for our Imperial Bank of India and India Unite India to explode your little chrysanthemum"

  Wang Guanxi chuckled: "Just your two men are defeated. If there is a seed, you will continue to increase your holdings, and don't sell it!"

  After the call, Wang Guanxi fell into deep thought.

  The Imperial Bank of India and the United Bank of India will continue to increase their holdings of Bank of America's stock. In this case, the stock of Bank of America will definitely rise a lot.

  This will hinder the liquidation of Fund 4 and make Fund 4’s book profit much less.

  Huang Shaokai said: “Boss, they want to increase their holdings of Bank of America, are we still closing their positions?”

If their 40 million short positions are closed, it is equivalent to buying in the market. However, if the Imperial Bank of India and the United Bank of India increase their holdings, the market will definitely be buying, and the No. 4 Fund will want to liquidate. The warehouse will be very unsuccessful.

  Wang Guanxi nodded: "Of course I have to close the position, think of a way to maximize profits."

  Zhang Dexi thought for a while and said: "BOSS, maybe the Imperial Bank of India, Union Bank of India is just scaring us."

   Wu Zhankun also said: "Yes, they may just scare us, let us not close the position"

  Wang Juehao: "Bank of America's stock price is still very weak, and they may not dare to increase their holdings here."

  Wang Guanxi nodded: “It makes sense. Tomorrow night the US stock market will open the short list of Bank of America.”

  Bai Weiqiang said: "BOSS, do you want to publish a report that is bearish on Bank of America?"

  Wang Guanxi thought for a while and said, “I don’t use it for the time being. When we short the Bank of America again, we will release a bearish report. This will have a better effect.”

   "Yes, BOSS"

  ··

  At this moment, a small shop near the Hong Kong Building of the Imperial Bank of India.

  Feroz Sanhavi and Gilayu Amin are having barbecue.

  Feroz Sanhavi peeled off a crayfish and said: “The Chinese King Shrimp is going to clear the short list of Bank of America. It seems that they are not optimistic that Bank of America’s subsequent stock price will fall.”

   Gilayu Amin: “I thought that this stocked China Fatty Pig would continue to be short, but I didn’t expect to close the position now”

  Feroz Sanhavi: "Will you increase your holdings of Bank of America Corporation stock tomorrow night?"

  He wants to increase his holdings of Bank of America's stock tomorrow night, so that when Wang Guanxi closes his position, the stock price soars, which makes Wang Guanxi’s profit much less.

   Gilayu Amin asked: "Then you will increase your holdings tomorrow night?"

  Feroz Sanhavi: "I have this idea"

Gilayu Amin: "I have the same idea, but Wang Guanxi also knows that we are going to increase our holdings. When the US stock market opens, he will definitely close the position as soon as possible. We will increase our holdings directly at the opening. If they close the position, Only if the stock price gets higher and higher, their profits will be much less."

Feroz Sanhavi added: "If the U.S. stock market continues to fall tomorrow night, Bank of America's stock price will also fall. If we increase our holdings, it will be inconvenient, or wait until Bank of America's stock price drops to $10 per share. Stocks, shall we increase our holdings?"

  Gilayu Amin thought for a while and said: “Just increase the holdings directly, just at 12 US dollars per share, we will increase the holdings at the opening of the market.”

  Feroz Sanhavi still said: “Let’s wait until the stock price drops to $10 per share before increasing your holdings, so as to reduce the cost of building a position.”

   Gilayu Amin asked, “What if the stock price of Bank of America doesn’t fall to $10 per share?”

  ···

  Time passed in a flash, the next day, January 14.

  The US stock market opens at night.

  The three major US indexes began to fall.

  The Dow Jones, Nasdaq, and Standard & Poor's indices all fell.

  Citibank's stock price fell.

  Wells Fargo’s stock price fell.

  Bank of America’s stock price could not stand firm at $12 per share and began to fall.

  Wang Guanxi opened the mouth and said: "Start to liquidate the position slowly!"

  "Yes, BOSS" everyone started to close their positions.

  100,000 shares!

  150,000 shares!

  70 thousand shares!

  30,000 shares!

  50,000 shares!

  ```

  Bank of America’s stock price has stabilized near the 12.00 position due to the liquidation of Fund 4.

  In the Hong Kong Building of the Imperial Bank of India, Feroz Sanhavi said: “The stock market is falling again, Citibank and Wells Fargo are also falling, and the stock price of Bank of America has actually stabilized at $12 per share.”

  Gilayu Amin smiled and said, “Isn’t this a good thing? It shows that the bulls in the market are optimistic about the stock price of Bank of America.”

  But after a second thought, something was wrong, he said: "It must be Wang Guanxi, the Chinese fat pig who is closing the position!"

  Feroz Sanhavi's face was a little gloomy: "Damn the King of China Shrimp, take the opportunity to close the position!"

  Wang Guanxi shorted 40 million shares of Bank of America Corporation. If the position was closed, it would be equivalent to buying 40 million shares in the market!

   Gilayu Amin said, "Are we increasing our holdings or just wait and see?"

  Feroz Sanhavi: "Let’s wait and see for now"

  Time slowly passed, and Bank of America's stock price gradually became unsteady.

  Because there are more and more sell-offs in the market.

  The US stock market is falling, and more and more funds are selling assets.

  Finally, Bank of America's stock price fell below the 12.00 position.

  11.52

  11.50

  11.20

  11.00

  Wang Guanxi shouted: "Increase and close the position!"

  "Yes, BOSS" everyone hastened to close their positions!

  1 million shares!

  1.25 million shares!

  250,000 shares!

  360,000 shares!

  64 million shares!

  ··

  The liquidation speed is very fast, and the stock price of Bank of America has risen from $11 per share to $13 per share.

   "Stop!" Wang Guanxi shouted.

  "Yes, BOSS" everyone stopped.

  Then Bank of America’s stock price quickly fell back to $12 per share, but it was supported here.

  The three major US indexes also stopped falling and started to rise.

  The entire US stock market has changed from a decline to a rise.

  Wang Guanxi saw this, and quickly said: "Continue to close the position! Close all the remaining short orders, and just close it slowly."

  "Yes, BOSS" everyone started to close positions again!

  120,000 shares!

  80,000 shares!

  140,000 shares!

  60,000 shares!

  ··

  And the stock price of Bank of America Corporation is slowly rising!

  12.05

  12.10

  $12.20 per share.

  This time the No. 4 fund has also been liquidated.

  The average closing position is around $11.40 per share.

  40 million shares, earnings per share of 26.6 US dollars, a total of 1.064 billion US dollars.

  Plus the principal, the total is US$2.584 billion.

  Wang Guanxi ordered: "Withdraw 84 million U.S. dollars, pay the interest of the Imperial Bank of India, and use the rest as bonuses and daily operating funds."

  I borrowed 40 million shares of Bank of America Corporation from Imperial Bank of India before, and now the position is closed, and the shares are also returned to Imperial Bank of India. As for the interest, shorting for three months requires the payment of US$68 million in interest.

  The interest rate is very high, but the gain of $1 billion is trivial.

   "Yes, BOSS!" Everyone immediately withdrew $84 million, and then paid the interest of the Imperial Bank of India.

  The stock price of Bank of America Corporation began a new round of rising after the liquidation of the No. 4 Fund.

  12.40

  12.70

  $13.00 per share!

  The U.S. stock market is also rising, and the stock prices of Citibank and Wells Fargo are rising.

  Wang Guanxi said lightly: "Tomorrow, or the day after tomorrow, I am going to short Bank of America."

   "Yes, BOSS!" Everyone was very excited.

  The stock price of Bank of America Corporation fluctuated at the position of $13.00 for an hour, and then continued to rise.

  13.20

  13.40

  13.80

  $14 per share!

  No stop!

  Continue to rise!

  (End of this chapter)