Chapter 868 Philip Brothers Is Over!

"Good job!"

"Now that the impact has not reached the maximum level, everyone cannot relax their vigilance and pay close attention to changes in the market."

Xia Yuzui smiled and told Toby Moulton, general manager of Jiuding Securities Company's New York branch.

Xia Yu felt relieved when manufacturing companies found out that the raw materials of metal copper and metal aluminum were lacking, and started bidding to raise the spot prices of metal copper and metal aluminum.

In the past two days, he has been walking around Galaxy Fund and Jiuding Securities Co., Ltd. with a relaxed attitude, and occasionally watched a ball game leisurely at home.

When the major financial giants on Wall Street realized that the bulls had invested heavily in hoarding the spot, they decided that the bears were going to be out of luck.

Among the short sellers, Philip Brothers and Salomon Brothers are the leaders, and the worst impact will naturally be borne by these two companies.

But Salomon Brothers was not listed, so most of the pressure was borne by Philip Brothers.

The most intuitive feedback is in the stock market, where investors vote with their feet.

It is now 3:30 pm on Friday, and the stock price of Philip Brothers has fallen from the previous stable of $27.87 to the current $24.32, and the market value has evaporated by $525 million!

Investors in Philip Brothers are now regretful, especially those institutions that bet with Jiuding Securities, and they are about to buy regret medicine!

Of course, the premise is that there is such a thing as regret medicine.

And as long as anyone with a discerning eye can see, the impact of long hoarding of spot goods is still fermenting, and it has not reached the greatest extent. Whether it is spot goods or futures, there will still be a rise in the future.

The higher the price rises, the bigger the shorts lose.

Under this circumstance, ruthless Wall Street crocodiles flocked, some rushed into the futures market, some also mobilized to hoard cash, and some planned to short the stock of Philip Brothers.

Of course, there are also some people who are waiting for the opportunity to analyze the market with all their strength to see if there is anything cheap to pick up.

What's more, it is ready to open up a new battlefield in this chaotic market, and make a fortune with the help of the market panic.

all in all,

New York financial markets have been restless.

...

Office of the President of Philip Brothers.

President Tendler Wells, Vice President and General Manager of Rare Metals Investments Albert Raphael, Salomon Brothers President John Goode and other three sat next to each other, but no one spoke, the office There was a heavy atmosphere in it.

After a long time, a series of rapid footsteps came, leading the eyes of the three to the door.

Then, I saw senior copper futures department manager Harlan Dryden walked in with a dignified expression, and immediately reported: "President, manager, the closing price of senior copper futures is $0.7855/lb, and the closing price of aluminum futures is $1.5895/lb. "

Although these two figures were within the expectations of the three of them, when it really happened, it still made their hearts feel a little heavier.

Harlan Dryden's mouth wriggled, but in the end he didn't make a sound, standing awkwardly, neither staying nor staying.

"Harlan, you go down first!"

"By the way, close the door by the way."

After a while, Tendler Wells let him out and let him close the door of his office.

John Gufran only spoke at this time, with blame and anger in his tone: "Albert, this is what your company said to find out the strength of the Galaxy Fund?"

Hearing this, Albert Raphael's face changed greatly, and he said first: "John, it is not sure that the large-scale acquisition of spot is the Galaxy Fund, or it may be other capital, just like we can find Salomon Brothers as a company. Like allies, it is uncertain whether the Galaxy Fund has found someone to be an ally, for example, the Sumitomo consortium in the island country definitely has this strength.”

"And when it comes to losses, our company has suffered the most."

On the other hand, Albert Raphael kept winking at John Gouffran while Tendler Wells was not paying attention, with a hint of pleading in his expression, he didn't want John Gufran told the private conversation between the two of them before.

This afternoon, John Goodlane came directly to the door without saying hello, so Albert Raphael didn't have time to explain to John Goodlane in advance.

"Mr. Gufran, Albert is right. According to the current situation, our company's losses are the biggest, and our company is the last one that wants this to happen!"

Tendler Wells also explained aloud.

John Goode looked at the two of them, especially looked deeply at Albert Raphael for a few seconds, before taking a deep breath to calm himself down, and said calmly: "Okay, I'm for me Sorry for the gaffe."

"But what do we do now?"

"Now Wall Street has decided we've failed, and capital is on their side!"

"We're fucked!"

Hearing this, Tendler Wells and Albert Raphael were silent, how could they not understand what John Goode said?

To put it bluntly, the current situation is that Wall Street capital is under attack, trying to step on them harder and drain their blood.

Seeing that the two didn't speak for a long time, John Gufran frowned. He didn't want to waste his precious time here, and said again: "Do you have any effective solutions, if not, then I'm sorry, I will immediately quit."

Although Solomon Brothers was in, it was not as deep as Philip Brothers, and they could still get out, but at a huge price.

Although it will hurt Salomon Brothers, it will not fall.

If it continues to drag on, it is really impossible to say whether it will go bankrupt or not!

"Gufran, we have no other way at present, but we still have two days, and we will give you a clear answer the day after tomorrow."

Tendler Wells took a deep breath and said solemnly, even with a hint of pleading.

Although the strength of Philip Brothers is stronger than that of Salomon Brothers, at this critical moment, if Salomon Brothers turns against the tide, the losses of Philip Brothers will be magnified by several layers, and he has to let go.

The next two days are Saturday and Sunday, and the two days when the market is closed will be their last chance.

If you can't think of a solution, you can only wait to die.

"No, one day!"

"Tomorrow night, you have to give me an answer. I need to give an explanation to the board of directors. The day after tomorrow...it's too late!"

John Gufran shook his head boldly and said in a very firm tone.

After a long silence, Tendler Wells said slowly, "Okay!"

...

"It's already a dead end!"

Rockefeller Manor, David Rockefeller shook his head and said.

Although he had said similar things two days ago, he was not as sure as he is now.

"I didn't expect this Chinese kid to have such a strong capital. I underestimate him."

"I originally wanted to take over his oil futures, but now it seems impossible, and it also helped him stand firm on Wall Street, huh..."

"But it's not for nothing, at least I know the relationship between the Rohir family and him..."

After David Rockefeller sighed, an inexplicable smile appeared on the corner of his mouth. He looked east through the window, and seemed to be able to see someone with a headache and irritability.

Then, he made a phone call, called a confidant, and ordered some things.

That evening, the relevant mining companies under the Rockefeller Consortium were notified that they would not sell copper and aluminum for the time being.

Several other institutions are also on the move, ready to join as soon as the market opens on Monday.

It's been a tough weekend for Galaxy Fund.

Public opinion is full of accusations against the bulls headed by the Galaxy Fund. All kinds of people who disrupt the economic order are deducting the Galaxy Fund one after another, and they accuse the Galaxy Fund of hoarding and maliciously manipulating metal copper and metal aluminum. s price.

Seemingly under pressure, the New York Exchange Commission investigated the Galaxy Fund company around the clock, looking for people to talk to from time to time, and the US Futures Trading Commission also intervened, causing some people to be turbulent in the Galaxy Fund.

Fortunately, Xia Yu knew that this was the last madness of the bears, so Song Yang told the company's employees to stabilize their mentality.

He is not without action. The major media under his banner, as well as the media that have paid for it, fought a war of words with the opposing media, and the momentum of the quarrel once exceeded the heat of the general election.

Anyway, they couldn't find out the real situation, Xia Yu was not worried at all, and the legal sanctions must pay attention to the evidence.

on Monday.

In anticipation, the New York Mercantile Exchange opened again.

Both people on the exchange and outside the exchange are staring at high-grade copper futures and aluminum futures.

"Opening up!"

"Premium Copper Futures jumped 6% at $0.8325/lb!"

"Philip Brothers is completely over!"