Chapter 891 What a big game of mahjong
Linda felt that everything was so absurd. In just over an hour, it was actually Jing Jian who said "Kowell's chance". Her worldview was a bit subverted. She secretly glanced at her boss and teacher, and found that in the sun, the old spots next to the corners of Keowell's eyes were so conspicuous.
Jing Jian peeled off a sea crab and ate a bit of crab roe like anointed. He was still smiling and persuading: "It's nothing. Give me the list of those traitors you contacted. A reminder, don't hide it. I already know some names. You must be sad at the beginning, and I understand this. But you can only give up all the futures, otherwise you should receive the cute bankruptcy order. All your property will be entrusted and all your assets will be sold at a low price. But how to say it? It's much better to have a way out than having no way to go. It's more rational to consider the problem? Oh... Of course, you can also wait for a miracle to happen. Maybe there will be a new idiot who will give you funds to invest in? I'm patient with this. Well, I find that my appetite is really good. I like seafood in Los Angeles, just like the enthusiastic girl here. Hahahaha!"
This is thanks to the developed financial derivatives in the United States and the highly leveraged financial services industry. We have just learned about the basic principles of a certain stock, but in the specific securities market in the United States, there are financial derivatives that are so complex that they make people vomit blood.
If you introduce it all, there is definitely no need. But here, Cowell and Dennis have been selling shorts before, plus the last fierce battle just now, and those bystanders who participated in it do not need very advanced mathematical knowledge. You can calculate that the total number of shorted shares they sold is far greater than the total number of outstanding shares on the market. What does it mean? Then the total number of shorted shares is not 60 million shares at all, but is much more than this number.
So how to balance it in the end? Two methods: one is to hedge against futures that buy long. If you buy 1,000 shares, I short 1,000 shares, and finally two people bet. Anyway, the positive and negative are offset to zero, so there is no need for any outstanding shares; the other is simpler. When the short futures trading expires, you buy it in the market and offset it.
But there is a problem here. Now Yikai's circulating shares are all in the hands of Jing Jian and his friends. Even if you want to buy them, they are all gone? It depends on Jing Jian's mood now. You can just shout for the price. Even if you call $5,000 per share, you have to buy it with tears in your eyes.
In order to make a clearer explanation, let’s take the very ordinary soybean futures as an example! For example, one thousand tons of soybeans per month futures. When the one-month delivery period expires, you need to buy back one thousand tons of soybeans from the market for delivery. But at this time, a rich man who didn’t know what was going on, bought all the soybeans in the market?
Let me first explain that this is impossible in reality, just an example. Then it is funny. When you want to buy it back, the rich man who owns all the soybeans will sell for one diamond at a price, and you can only vomit blood and buy it.
Of course, in order to prevent trading risks and malicious hoarding and maintain normal futures order, various rules are also formulated. Those rules are not introduced in detail. Those who are interested can learn by themselves. But one thing is inevitable. You can act like a rogue and give up delivery, but all margins you short futures will definitely be compensated for.
After introducing it here, we should understand that although Cowell and Dennis invested so much before, it is no longer a matter of recovering losses. All the funds they invested before have definitely gone to nothing.
And Wang Lie did the same thing in the previous episode. Do you still remember it? In a few days, Wang An’s computer’s stock price soared to over 1,000, because of this reason. I have to say that this stock has a monster, which hurts the hearts of many men and women!
Perhaps after this introduction, some people will have new questions. Could Cowell accept this "Cowell opportunity"? Is it all the loss, not accepting it or all the loss, so why should I be angry with Jing Jian?
Regarding this, Kowell... can only accept it. The reason is also simple. Kowell has his own huge investment foundation, but only a small part of it is owned by his own funds, and most of it is entrusted by other investors. In other words, he relies on his good reputation and his own good reputation among the entrusted persons.
However, this time he had to give up the delivery? You can indeed use the rules to act like a scoundrel, but in the financial circle, if you don’t talk about integrity once, everyone on earth knows this? Therefore, he had to take over Jing Jian’s “hydrangea” made of dog tail flowers, and he didn’t care how much meat he had been cut all over his body, and just wanted to reach a dark room deal with Jing Jian. For example, Jing Jian said a few good things about Cowell and sold him some outstanding shares at an affordable price...
As long as integrity is maintained, Cowell will have a chance. Otherwise, when news comes out and those clients run, Cowell's bankruptcy will be a high probability event. With just two roads in front of you, can Cowell still have a choice?
So soon, Cowell faced the reality and smiled miserably: "Haha, Bramble, can you tell me where you found the new funds?"
"If you don't tell you, I like to see you can't stand me and helpless." Jing Jian smiled so much that he deserved a beating. He wiped his hands with a napkin, threw them on the table and stood up, "I'll give you my last advice, old man, don't be stubborn. I have no ill intentions towards you. In our China, idiots only play chess, and smart people like me play Go. If you have the chance to rob you, can I not play you to death? Forget it, it seems that you don't know what Go is, so I won't play the piano against the cow."
After saying this, Jing Jian turned around and walked towards the door: "Tell you another Chinese game mahjong! It seems that you like to play bloody battles to the end? You really play a big game of mahjong! Hahahaha!"
Amid the laughter, Jing Jian's voice came from outside the door: "I almost forgot the beauty. Girl, the old guy beside you can't even raise his head! If you want to have fun, just hurry up tonight! Hahaha..."
Realizing that Cowell's expression had become sudden, Linda stretched out her hand and wanted to come forward to support her. But Cowell raised her hand and refused Linda's movements. Her expression suddenly became extremely lonely: "Little Linda, it doesn't matter, I won't fall down."
Even though he said so, Kowell still slumped on the chair without moving. He has been pecked by wild geese today after so many years. Until now, whether it is Kowell or Linda, they all seem to be in a dream...
Chapter completed!