Chapter 698 Making trouble
It's about 9 o'clock in the morning.
When A-shares and Hong Kong stocks opened, both fell by more than 3%.
The Nikkei index, which opened an hour earlier, also fell by about 2.6%. Affected by the panic, the East Asian and Southeast Asian markets that opened first were not spared. Faced with countless overwhelming news, people in the market were in panic.
It is true that A-shares fell, but the situation was far less tragic than the last time when thousands of stocks hit the daily limit.
The vast majority of investors cannot see the situation clearly and still underestimate the power of the subprime mortgage crisis. Moreover, there was a temporary chaos on Wall Street last night, but they reacted quickly afterwards and spread statements such as "the United States has the ability to resolve the crisis", "risks have been initially released", and "bargain-picking opportunities are emerging" throughout the world through their influence in the media.
There is no need to guess. It is obvious that they are busy looking for suckers around the world to take over, and at the same time slow down the spread of the crisis and buy them more time to escape.
The method is a bit crude, but it is quite effective.
In mainland stock forums, Penguin Weibo, and news comment sections, people are always asking how to buy QDII funds, for fear of missing out on the opportunity to "buy the dip" in U.S. stocks.
There are also so-called "experts" who said that today's sharp drop in A-shares was due to the market makers' attempt to clean up the market and buy low and sell high. The Shanghai Composite Index will have a chance to return to 4000 points, and they advise everyone to go all in as soon as possible.
The crisis had just surfaced, and all kinds of monsters and demons popped up, leaving Fan Wumian with nothing but a sigh.
For a moment, I couldn’t figure out many of the comments. Are they just scams by internet trolls or are they really people who lack judgment and are being fooled?
I originally wanted to use the Penguin Weibo account to post a message and reveal some key information, but suddenly I lost interest and gave up.
No matter what you say, there will always be people jumping out to argue with you, and you will always offend a group of people.
In fact, Fan Wumian only needs to be responsible for himself and his investors. There is no need to care about the life and death of others. Why bother making trouble for himself?
After a while, Fan Wumian also obtained a lot of latest developments through the channels of McKinsey Consulting Company.
This includes an important piece of information
——The CEO of Bear Stearns, one of the top five investment banks in the United States, had a big fight with other board members and may resign.
After staring at the computer screen and reading carefully, Fan Wumian smacked his lips and keenly realized that it seemed worthwhile to increase his position further and continue to short Bear Stearns.
On second thought, he realized that the intelligence came from McKinsey Consulting Company and might have been sold to thousands of institutions or individuals at the same time, making it difficult to seize the initiative.
After having a general understanding of what happened at night, Fan Wumian turned his attention to company affairs, instructing the Boshi Fund and the Mainland Bandit King Fund to stabilize their positions and seize the opportunity to continue reducing their holdings.
The Shanghai Composite Index is still at 3424 points, so there is plenty of room for decline.
Before this, he had been reducing his holdings, but there were always investors who were thinking about buying the bottom and rebounding, and they believed the opinions of certain experts, individual investors, and institutions. They dared to take out all their savings, or even borrow money and take out loans to invest in stocks without even figuring out whether the other party was a human or a "ghost".
Recently, Fan Wumian has been scolded by stock investors online because of his selling to stabilize the market.
From a macro perspective, since the risks affecting economic development have been initially released and will not cause any further damage to the mainland economy, Fan Wumian is too lazy to be polite to anyone and instead begins to focus on his own gains and losses.
Previously, for the sake of the overall situation, he had given up a large amount of ill-gotten gains. Otherwise, he would have chosen to cooperate with international hot money and made at least tens of billions more, which would have led to an increase in the valuations of the Boshi Fund and the Bandit King Fund, and made another fortune.
Anyway, when the subprime mortgage crisis really hits, A-shares will inevitably experience a round of plunge. Whether he runs away or not will have little impact on the overall trend. It is better to seize the window period when the market is in a wait-and-see stage and further cash out tens of billions of RMB in cash, so as not to give the tens of billions of dollars of international hot money in the market the opportunity to cash out at high levels.
Interesting to say.
These international hot moneys that were released by "ghosts" to stir up trouble are still thinking about pushing up A-shares and constantly releasing false good news, becoming the main force supporting the market today.
A-shares surged recently, and the Shanghai Composite Index broke through 4000 points in a short period of time. If it weren't for Fan Wumian, who, through China Merchants Bank Fund, Boshi Fund, Shanzeiwang (Hua Xia) Fund, and Xinhua Insurance, cooperated with the official continuous reduction of holdings to suppress the popularity of A-shares, the market would have been pulled up to a crazy height by the continuous influx of international hot money.
Those international hot moneys are certainly hoping to push up the A-share market again, cash out in batches during the rising process, and reap the dividends of economic development in the mainland.
The sudden backstabbing of Goldman Sachs and the announcement of negative news by Bear Stearns were a coincidence this time, and also caused great harm to the $300 billion to $400 billion of hot money left in the A-share market. There is no time to reap the benefits and the market has suffered another round of plunge.
More importantly, market confidence has suffered a severe blow and it will be difficult to repair it in a short period of time, which may cause A-shares to lose the basis for a big rise.
From the cashing out and reducing holdings of several companies of Fan Wumian, we can see that the situation of the tail being too big to be cut off is very serious. It is not easy for the hot money of 30 to 40 billion US dollars to withdraw unscathed. The gradual cashing out cycle is too long, and it is very likely that the A-shares will harvest it instead, and it can only cut its losses.
Running away at any cost can easily cause a stampede. Based on the experience of mainland stockholders who have been repeatedly harvested, once they find a large outflow of northbound funds, they will dare to throw a few limit down stocks in minutes to teach the international hot money a lesson.
Therefore, Fan Wumian hopes to use the impact of the subprime mortgage crisis to cause the A-share market to fall faster and harder, in an effort to trap this large amount of international hot money, along with the hot-headed gamblers, in the A-share market, and not give them the opportunity to continue to stir up trouble and then run away with profits.
I spent some time in the morning getting through my emails in an organized manner.
Afterwards, he suddenly remembered that he had forgotten to remind the investors about the unblocking of fund subscription. Fan Wumian wanted to raise more funds so that he could earn some money from the handling fees and management fees, which would also make it convenient for him to buy at the bottom in the future.
He called the heads of Boshi Fund and Mainland Bandit King Fund again and asked them to submit applications to the official departments and release an announcement to the public as soon as possible.
It was around 2 o'clock in the afternoon.
Fan Wumian was sitting by the outdoor swimming pool, flipping through the newly published "Ghost Blows Out the Light 3".
The copyright of the entire series, including the physical book, electronic copyright, and film and television adaptation rights, was bought by Shanzeiwang Media. In order to prevent others from finding fault with him, he asked the original author a sky-high price of 50 RMB for each book he wrote.
If the original author works harder, perhaps the story of the entire "Ghost Blows Out the Light" series can be continued for a long time this time. As long as the other party is willing to create, Fan Wumian really dares to pay. Just by publishing the physical book, he can recover the cost with interest and get the electronic copyright and film and television adaptation rights for free.
It was obvious that he had reaped the benefits, but the original author was very grateful to Fan Wumian, thinking that he had made him completely famous, and he specifically expressed his gratitude to him in the preface of "Ghost Blows Out the Light 3".
What can Fan Wumian say about this? Just read the book quietly.
Just as he was concentrating, his cell phone rang again. He glanced at the screen and answered it, then said, "Mr. Qi, do you want to talk to me about something?"
The manager named Qi works in his family office. Last time, he helped Fan Wumian go to Yanjing and hired some "mouthpieces" to help him get in the spotlight. In cooperation with some official people, they jointly suppressed the trend of capital going overseas.
Manager Qi said excitedly:
"Boss, there's good news again!"
"After the Marvel Entertainment board of directors voted, they agreed to accept our privatization and delisting conditions. As long as we nod, they said they can submit a suspension application to the U.S. Securities and Exchange Commission at any time."
"Not only that, Ford seems to be in some trouble and has asked us if we are willing to acquire Aston Martin. The total offer is $7 million. I guess it's because the subprime mortgage crisis has made these companies panic."
Fan Wumian pricked up his ears and listened, his eyes shining, and he said:
"Oh? Two good things at once? $10.5 billion for Marvel and $7 million for Aston Martin? This is a good offer. If it is paid in installments or deferred, I will have the money to swallow them. The problem is that Aston Martin's car manufacturing level is average and the profit is also limited. If I waste money on it now, I will easily miss other opportunities."
Manager Qi added:
"But its brand image is high-end and its technology is not bad. If it launches more popular models, it has a chance to become the second Porsche. Ford has only given you 24 hours to consider. I heard that a British businessman also wants to acquire it. The British businessman is called David Richards. I sent someone to check. He has publicly expressed his interest in Aston Martin more than once. He should not be bluffing us."
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I couldn't wait to open my computer and learn about Marvel Entertainment and Aston Martin.
Marvel Entertainment received a loan of $1.61 million to $ million from Merrill Lynch in the past two years. It has ample cash on its books and is supported by the good news of the completion of "Iron Man". Its stock price only fell % today.
There is not much information about Aston Martin on the Internet. We can only find that the Vanquish S model will be discontinued soon. The popular DB2003 released in 9 was nicknamed the "large Mondeo", and executives of parent company Ford were accused of having no aesthetic taste.
Fan Wumian is still hesitating whether to acquire Aston Martin. The main reason is that once Aston Martin is acquired from Ford, the lack of technology, capital, manufacturing and supply system support may cause its performance to decline, and a large amount of capital will be needed to find a new model to turn losses into profits.
In addition, he wants to move some production links out of the UK to reduce costs and increase the competitiveness of products in the market, which may also encounter troubles from British officials.
But after waiting for a few more years, Fan Wumian felt that the thing he lacked the least was probably money, so it would be fine to treat it as a hobby.
At first he didn't think much of it, until that night when he was taking a bath, he realized that the two acquisitions seemed too coincidental, almost like someone delivering a pillow to him just after he dozed off. Fan Wumian vaguely felt that something was wrong.
But for a moment, he couldn't tell what was wrong, and thought he was just being too suspicious. (End of this chapter)