Chapter 779 Leek Is Happy, but the Market Is Extremely Cruel

It was dark, and the east side of the 12th floor of Fengda Building in Wujiaochang was brightly lit.

Although the building of Fengda Building is not high, standing at the south corner of the east, you can just see the viaduct of Wujiaochang.

Under the night lights, the traffic was swimming fast, and it seemed to be in a hurry.

In the office area, there were only three people sitting behind the desks, all of them concentrated and very busy.

Fang Nian was not in the office area, holding a cup of freshly brewed hot tea, watching the traffic outside the window in a daze.

Regarding the short-term final result of the U.S. stock market, whether it is the most well-hidden frontier or other capitals, institutions, and funds on Wall Street, they have already made a conclusion in their minds.

Whether it is Microsoft, Intel, or other corporate stocks that have risen sharply, they will eventually fall sharply.

how to say……

It can be considered that this is the basic tacit understanding of capital.

Although bulls and bears seem to be at odds with each other, in the end their targets are all retail investors.

The current surge is convenient for bulls, major shareholders of enterprises, and capital giants such as stock gods to cash out comfortably;

Because the relevant companies have no real good news and no relevant financial benefits, taking Microsoft as an example, the stock price surge of 60 to 70 billion US dollars is of course inflated;

So it will eventually fall sharply, benefiting the hedge funds involved in shorting.

Almost all the capital involved can hello me, hello everyone, and earn a lot of money. As for retail investors, of course, there is nothing left.

certainly……

This is the original tacit understanding.

But this tacit understanding has now begun to get out of control.

The reason is that the power of retail investors is surprisingly united and strong.

So much so that the irascible old buddies in various retail forums headed by WSB were extremely excited.

"Is this the smell of revenge!"

"It turns out that our ability is so strong that every dime the stock price pushes up is a huge victory.

"

"..."

Words like this abound.

But what they didn't know was that it wasn't how powerful they were, but that Fang Nian changed his plan and finally allocated nearly 200 million US dollars to go long.

And basically concentrated on the stock MSFT.

This is quite an astonishing amount of money for a stock with a daily trading volume of only 40 to 50 million US dollars.

Even if the daily trading volume of this stock has already reached the 1B level.

In addition, there are also some institutions hiding behind their backs, using the target of retail investors to fight against short sellers and go long.

"..."

There were many reasons why Fang Nian changed his plan. On the one hand, he hoped to get as much profit as possible.

On the other hand, of course, I want to muddy the water and see what tricks Wall Street elites will play.

In addition, there is a little bit of small experimentation on the "big range of cognitive value".

It's like planting a seed...

After a long time, Fang Nian left the window sill, returned to the office area, and asked, "Is it still rising?"

"MSFT has risen to $40." Lu Weiyu replied.

Fang Nian asked again: "Is the situation stable?"

"Basically stable, all parties have a tacit understanding to maintain the current balance." Guan Qiuhe replied.

Fang Nian calmly said: "Then observe and observe, if there is no problem, you can withdraw first."

"Ok."

"..."

There is a high probability that there will be no results today.

Bears, bulls, hedge funds, and retail investors have tacitly maintained the increase at around 15%.

This is also the balance that Fang Nian hopes to achieve.

Everyone has greed, whether it is capital or retail investors, so there is such a tacit understanding.

Retail investors, bulls and shareholders hope to maintain a high stock price in order to obtain more benefits.

The bears also want a little higher, for more gains on the dip.

However, the reason why Fang Nian didn't want it to end so soon was not all for direct economic benefits, but also for provocation.

Better to force Wall Street to unplug.

Then plan for the next step.

…………

Under the condition that Frontier prepared a bridge loan of US$1 billion in advance, and under the tacit agreement of all parties, the stock price of MSFT rose by about 8% per day.

Every time the opening falls, it will be pushed up by enthusiastic retail investors immediately.

Especially some YOLOs, they are almost desperate to buy a large number of call option contracts.

MSFT's stock price is just one step away from $50.

There are at least a bunch of bearish reports published by short-sellers like Citron.

And Microsoft, which is at the center of the trend, of course releases relevant public relations information through public channels day after day.

There are also bigwigs warning all retail investors to invest cautiously through their personal Twitter accounts.

The overseas sub-key holding key has also tweeted many times, expressing the abnormality of the stock price and saying that unknown risks should be guarded against.

Of course, there will inevitably be some speeches that mobilize emotions.

More than half of the irascible old buddies on the WSB forum applauded, and a small half of them were a little panicked.

The uncharacteristic movement in the U.S. stock market has almost sparked heated discussions around the world.

Among them, of course, is the domestic public cyberspace.

The most active is the financial sector.

Even almost all kinds of TV news media have reported this big drama on the other side of the ocean.

The front office is still brightly lit every night and works overtime until late at night.

Fang Nian occasionally took the time to pay attention to the focus of discussions among the people who eat melons.

"Is the United States going to buy stocks for all people?"

"This posture is a bit brutal. Microsoft's stock price has risen to death, and its market value is now close to 400 billion U.S. dollars."

"Bill's wealth skyrocketed."

"However, according to gossip, Bill, Buffett and others are quietly cashing out. This wave, I don't understand this wave."

"Retail investors in the United States seem to be crazy. They just want to push up the stock price. It is said that 65% of the outstanding stocks have been borrowed to short."

"It's really crazy."

"..."

Crazy indeed.

If it is not inappropriate, even Bill wants to come out and warn investors not to invest in abnormal MSFT.

This obviously abnormally high stock price has already panicked the short sellers.

There is a margin for lending stocks. The higher the stock price, the higher the margin. Once there is no money to pay the margin, the position will be forcibly closed.

Already some organizations have been exposed to huge losses.

There were even a few hedge funds that were crazy about shorting and asked for help from the outside world.

In the process, a small institution emerged on Wall Street.

The name is BitResearch (Bit Research).

Numerous risk warning reports have been released continuously through the official Twitter account.

One is more serious than the wording of the other.

Even shortly after the U.S. stock market opened on Thursday, he said bluntly: "Ordinary investors, beware of trading risks. There is a huge bubble in MSFT's stock price, and extreme events are likely to occur..."

"MSFT topped the short-selling list, which is very abnormal..."

"Victory is enough for today!"

"There's no way Wall Street is going to let any hedge fund go bankrupt all of a sudden."

"..."

The various risk warnings of this small organization have been taken seriously, and the amount of retweeting is very large, and some people are discussing it on the WSB forum.

There are different opinions.

Because the grumpy old buddies on the WSB forums operate differently.

More than half of them play options contracts.

After all, YOLO.

It can be said that riding a tiger is hard to get off.

Fortunately, there are still some stocks that are purchased directly through brokerage firms, and they can run away whenever they want.

…………

At 11:07 p.m. on October 20th, Beijing time.

Trading in the U.S. stock market is booming.

The trading volume of MSFT broke through the 1B level for a week in a row, and even occasionally broke through to the level of seven or eight billion US dollars.

MSFT shares remain in an eerie balance.

At this moment, Wall Street suddenly reported that a well-known hedge fund was at risk of liquidation and faced joint risks, and asked for billions of dollars from cooperative funds to avoid risks.

You must know that hedge funds never trade only one stock, and it is even impossible to only trade stocks.

The capital managed by this fund exceeds tens of billions of dollars, and if there is a mandatory risk, it is likely to lead to financial riots.

Several cooperating hedge funds rushed to bail out $2 billion immediately.

Almost everyone who pays attention to this matter has a premonition that this weird balance line is about to collapse.

And it will cause very violent turmoil.

really……

Just the next minute after the news broke, all kinds of brokerage trading software commonly used by American retail investors suddenly experienced inexplicable failures:

When the buy button is operated, there is an inexplicable gap.

Although it has long been the mobile Internet era, most people still use computers to trade stocks, which are based on mouse operations.

So some active young people tried to sell.

The response efficiency is high.

And then……

Many brokerages suddenly issued announcements.

It means that due to unknown reasons, some stock buying transactions have unknown failures, and the background server is being upgraded. In order to ensure the interests of the majority of users, some stock buying transactions will be suspended, but selling transactions are not restricted.

"..."

Similar announcements came one after another.

directly detonated the network.

"WTF? What do you mean?"

"So it's not me who has a problem with the transaction?"

"What's wrong with that?"

"..."

The irascible brother on the WSB forum just exploded.

"No, the stock is about to plummet! Just hold on for another day!"

"These vampires!"

"fxxk!"

"..."

Even at this time, there is still the irritable old man who is frantically picking the keyboard:

"YOLO! Don't sell it even if you kill it! Those vampires can't hold it anymore!"

"Yes, yes, stocks like MSFT, as long as we don't want to sell, we will definitely make a fortune!"

"..."

But everything is in vain.

Because MSFT is almost the number one technology stock in the US stock market.

Although in the frantic buying for several consecutive trading days and the frantic fighting among various capital institutions, there are not many actual tradable shares on the market.

Most are clenched.

In addition, some institutions have been crazy short for several days after knowing all kinds of news from China.

As a result, some short sellers could not buy stocks to close their positions and had to ask for help.

But it is still impossible for retail investors to control it.

The irascible old man on the WSB forum and other places greeted the eighteen generations of the ancestors of brokerages, capital, and institutions hundreds of times through various channels.

Massive MSFT sell orders appeared in the market.

Immediately afterwards, MSFT's stock price began a diving movement.

Retail investors are limited by the so-called announcements of brokerages and cannot buy normally. Under this general direction, they can only sell.

However……

When the first mass selling orders appeared, a cascading reaction occurred.

INTC also saw massive selling.

Then there is the horror-level selling of MSFT.

Seeing that the stock price was going to dive wildly, the irascible brother of WSB shouted YOLO while selling in panic.

The U.S. stock market fluctuated greatly.

The stock price of MSFT plummeted from 49.55 to 31.22 in less than ten minutes...

Then there are the crazy performances of the short-sellers.

From 11:08 to 11:39, MSFT shares fell 100%.

The elites on Wall Street were all stunned.

Massive selling orders even once made MSFT want to stop trading.

finally……

When approaching 12 o'clock, MSFT's stock price basically stabilized at around $21.

And INTC fell to $19.

The cruelty of the market suddenly broke out.

The bears were ecstatic.

But in addition, it was completely a feather in the ground, and the Nasdaq of the US stock market staged a farce in which thousands of stocks fell.

Because the retail investors were completely panicked, countless people sold all the stocks they held...

And at twelve o'clock EST.

BitResearch updated the tweet.

"...Decentralization may be the future direction of ordinary investors. The current capital rules in this world can never guarantee the investment rights of ordinary investors...

Try to understand Bitcoin. "

Hold the key to retweet and pay a word: "#..."

"..."

…………

Front office.

Guan Qiuhe, Lu Weiyu, and Liu Xi heaved a sigh of relief almost at the same time.

Four consecutive nights of overtime work finally came to an end.

Guan Qiuhe sat and stretched: "Finally, I'm done with work, and I'm going to take a day off tomorrow."

"..."

Fang Nian smiled and looked at Liu Xi: "How was the result?"

Liu Xi quickly completed the statistics: "Deducting all interest, the net profit is 600 million US dollars, of which about 200 million are long profits."

This time, a total of 2 billion U.S. dollars of capital was used, both long and short, and the income was twice that of the last time.

But on the whole, the yield is much lower than the last time I shorted Apple.

Because there are too many ideas involved.

Too many plans, so that it is not so easy.

Among other things, the overseas activity of holding keys alone is far higher than usual.

Then, Liu Xi reported one by one: "The bridge loan has been repaid."

"Among them, the BitResearch account balance is $500 million."

"The other institutions have tens to hundreds of millions of dollars in their own capital."

Fang Nian laughed: "It's more than 10 billion yuan, it's a nail in Wall Street."

Standing up while talking, he waved his hand: "Let's go, go have a supper."

"..."

Only a few of them know about Fang Nian's plan on Wall Street.

Of course, what we know is only superficial.

When eating supper at the night market near Wujiaochang, Guan Qiuhe finally couldn't help asking: "This time you have been tossing around for so long, just to put a nail in Wall Street?"

"At this stage, the 1.6 billion US dollars is more useful domestically, right?"

Fang Nian shook his index finger: "Not necessarily, the current frontier is actually super saturated with R&D investment, and there is no shortage of R&D funds for each project in the short term."

"That's right, after all, our frontier is a defensive R&D investment that is forced to commit suicide." Guan Qiuhe smiled.

Then he said: "It's not bad to save a nail in the capital market, to leave some foundation for the future."

Hearing this, Fang Nian smiled slightly: "Yes."

"In addition, I want to try to apply the 'liquidity premium' reasonably, and artificially create a wide range of cognitive value products."

Guan Qiuhe didn't pay much attention: "Oh."

Lu Weiyu took a deep look at Fang Nian.

Liu Xi lowered her head and drank the porridge, staying out of the conversation as always.

They both knew a little bit of the inside story.

In fact, what Fang Nian has to do is very simple, stir up Bitcoin in advance.

Fang Nian wants to let more people know about Bitcoin through BitResearch, let more people have a consensus on Bitcoin's scarcity, non-renewability, and total volume constancy, increase Bitcoin's liquidity, and allow it to generate a higher premium .

Liquidity premiums, including perceived value on a broad scale, are poorly explained.

A popular example is Bitcoin.

Bitcoin itself has no value.

More popular examples are: auctions, Internet celebrities, celebrities.

That is, the consensus of a large group of people is valuable.

It can even be simply understood as exposure.

"..."

In the frontier office, simply counting the harvest, while Fang Nian was eating supper, the leaders of technology giants such as Microsoft and Intel on the other side of the ocean were communicating frequently with all parties...

.

Dear, click to enter and give a good review. The higher the score, the faster the update. It is said that those who gave the new full score found a beautiful wife in the end! The new version of the mobile station upgrade address:, data and bookmarks are synchronized with the computer station, no ads Fresh reading!