socalfunplaces Chapter 632
Chapter 632
At the beginning, Liu Xiong was confident in facing Lei Juekun's market crash. After all, he expected Lei Juekun to not give up the control of Kowloon Motor Bus, so no matter how much the other party sold, he had people take over at a high price.
Of course, in order to raise the stock price, he had to keep setting high prices and sell some stocks to make up for the loss. He couldn't bear to keep buying even if he added leverage.
At first, Liu Xiong could barely raise the stock price, but later he found that things seemed a little beyond his expectations.
At this time, the stock market rules in Hong Kong are T+0, which means that stocks bought on the same day can be traded on the same day, but the profits will not be credited until two days later.
Liu Xiong and his team prepared a total of 500 million funds this time, plus leverage can leverage a total of 1.5 billion funds, but now they have about 300 million funds locked, but Lei Juekun is still shipping.
This made Liu Xiong a little uneasy.
"What's going on?" Liu Xiong asked.
The subordinate glanced at the market and replied: "Boss, the current price has been stabilized at 50 yuan, but we have invested 400 million yuan."
Liu Xiong glanced at the market and continued: "Keep it up, I don't believe he dares to sell the company directly."
"Okay, boss." The trader nodded.
Now Liu Xiong has started to gamble. He is betting that Lei Juekun will not sell Kowloon Motor Bus.
So he asked his subordinates to pull up the price while selling in small amounts.
Seeing that the stock price had been stabilized by him, Liu Xiong was about to breathe a sigh of relief, and the trader next to him exclaimed: "Oh no, boss, there is a big sell order coming in."
"What's going on?" Liu Xiong immediately returned to the computer.
At this time, several large orders of more than 10,000 lots suddenly appeared in the market, and they were still smashing the market. The stock price that had just been maintained at 50 yuan fell rapidly like a roller coaster.
Hong Kong people like to speculate in stocks. The recent situation of Kowloon Motor Bus has attracted many retail investors. Now seeing someone smashing the market, many retail investors are a little panicked.
Of course, there are also bold people who think that this is a market maker's wash, and they also bought a lot.
In the financial district of the Queen's Building, Lei Ming looked at the retail investors who were still buying on the market and sneered: "They are just a bunch of leeks. One group continues to increase the volume. One order of 10,000 lots is 10 orders, and the second group of 50,000 lots is 3 orders."
"Understood." A group of traders began to operate.
At present, everyone is competing for who has more funds. After all, the funds for stocks sold on the same day need to wait for T+2, which means that if you want to withdraw funds, you have to wait for 2 days.
Therefore, shorting in Hong Kong depends on who has more funds.
At present, when a large amount of orders for smashing the market are issued, everyone panics.
Some retail investors who have just entered the market have not recovered yet, and the stock price has dropped by 3 points again.
"Fuck, what is Kowloon Motor Bus doing?"
"My father's money."
"Pull it, Lei Juekun, you should buy it."
Many retail investors were fooled into entering the market. They thought the same as Liu Xiong, Lei Juekun would buy at a high price, but no one expected Lei Juekun to be so crazy about dumping the market.
How to play now?
At the same time, in the VIP room of Citibank, Liu Xiong was already sweating.
With Lei Juekun's dumping, he has already put in 800 million yuan of funds. If the other party continues to dump the market, then he will be in danger.
"Keep pulling for me, I don't believe he is willing to sell the company." Liu Xiong understood that at this time, it was a competition of who was ruthless. Once he lost his temper, the consequences would be unimaginable.
However, Liu Xiong never dreamed that Lei Ming would also cooperate in shorting this time.
With the midday break, a short hour later, the long-short battle started again.
Lei Ming continued to let short orders. With the funds given by Lin Dong, he was not afraid of anyone going long.
After poor Liu Xiong bought 500 million again at a high price, he was already sweating profusely. If Lei Juekun continued to increase the volume, he would have no money left.
"How much money do we have?" Liu Xiong turned around and asked.
His subordinates stammered: "Also, there are 30 million."
"It's over, this time it's going to be miserable." Liu Xiong said with a very ugly face.
This time he used 3 times leverage. If the stock price fell another 28%, he would need to cover his position, otherwise his position would be directly closed, which means he would have nothing.
"I don't believe it, keep pulling it for me, I don't believe they have so much volume." Liu Xiong said with red eyes.
It's a pity. If he was alone against Lei Juekun this time, Liu Xiong would definitely win 100%, but unfortunately they encountered the huge variable of Lin Dong.
Because the Kowloon Bank was "peacefully" resolved, Lei Ming had 4 billion funds waiting for Liu Xiong.A few minutes later, a trader trembled and said, "Boss, we, I, we have no money."
"What? We have no money now?" Liu Xiong said in disbelief.
Before Liu Xiong could sigh, the VIP manager of Citibank pushed open the door and walked in.
"Mr. Liu, your margin is insufficient. If you want to continue, you need to make up for the position."
Liu Xiong panted and said, "How much?"
"Mr. Liu, if you want to continue to use leverage, you need to pay an additional 100 million yuan." The manager said politely.
Liu Xiong nodded, "Give me a few minutes."
"Okay." The manager nodded.
Now Liu Xiong is still a while away from the liquidation, so the manager is willing to give the other party time. Once the risk value set by their bank is exceeded, they will directly close the position.
After the manager went out, Liu Xiong started his own way of borrowing money.
However, there were not many people who dared to lend him money. Finally, Liu Xiong had no choice but to borrow 50 million from a loan shark and pooled money with a few friends to barely make up the margin.
When he deposited the money into his account, before he could return to his seat.
Suddenly, a trader said in surprise: "Explosion, explosion, explosion."
Everyone turned around in shock, and when they came to their senses, their accounts were also blown up.
"All, all exploded."
"No, no?"
"We lost?"
At this time, no one had recovered from the shock of the explosion. Just now, they heard someone say explosion, and then they turned around and all the accounts were collectively exploded.
Liu Xiong looked at everything in front of him in despair. He knew that this time, he lost completely.
The scene changed, and in the Queen's Building, Lei Ming looked at the plummeting stocks and sneered: "Haha, it's blown up already? It's really boring, we haven't even used half of our funds."
At the same time, Lei Juekun was very happy to see the plummeting stocks. Now all he had to do was sell his stocks at a low price and buy them back carefully.
Now he didn't have much money left, so he could only do it step by step.