Afternoon West Point, Henglong Building 28th floor.
Chen Xi walked into the office with his mobile phone, with an uncontrollable smile on his face:
"Zhao Zong, after your news was released, all the major investment groups went crazy.
Some people say you are the 'master of cutting off food', others say you are the 'Short Selling terminator'."
Zhao Chen took the phone, glanced at the comments, and raised the corners of his mouth slightly:
"Let them speak."
Zhang Qingxue opens the door and comes in:
"The brokerage firm confirmed that 200 million funds have been received and 100 million shares will be released by tonight.
From tomorrow on, these stocks will no longer be in the securities lending pool."
Zhao Chen nodded.
Chen Xi couldn't help but ask, "Zhao Zong, have you already thought about this move?"
Zhao Chen glanced at her but did not answer.
He just said:
"If you want to hit the snake, you have to have a coupon. If I lock the coupon, what will they use to smash it?"
He paused:
"And, this is just the beginning."
Chen Xi was stunned for a moment. "Start? Is there any follow-up?"
Zhao Chen No explanation.
He walked to the window and looked at the darkening sky outside the window.
That night, all major brokerages simultaneously sent notices to customers:
"Due to insufficient loan balance, the securities lending business of Henglong Group stock will be suspended from now on. The resumption time will be notified later."
As soon as the news came out, all investment groups immediately went crazy.
"Suspending securities lending??? What does this mean?"
"It means that all the bonds in the market have been borrowed!"
"Those Short Selling ones are dead, you can only buy them back tomorrow and pay back the coupons!"
"But after buying it, someone has to sell it? Who will sell it?"
"No one is selling, so we can only buy as the price rises..."
"Damn it, this is Short Squeeze!"
Unfavorable public opinion against Short Sellers continues to ferment.
This night is destined to be a sleepless night for many people.
June 21, Wednesday, 9:30 am, Henglong Building 28 floor.
After opening.
On the screen, the stock price of Henglong does not "jump" up - it "flys" up.
9:30 6.82
9:31 7.15
9:32 7.58
9:33 8.02
"Zhao Zong..." Chen Xi's voice wavered, "It's 8 yuan."
Zhao Chen stood in front of the screen and said nothing.
He remembered last November, when he Short Selling Henglong for the first time.
At that time, what I expected was for the stock price to fall.
After the Zhao Jianguo accident, the stock price fell to 6 yuan for the first time.
Now, seven months later, it is taking a day to climb back up.
9:45 8.75
9:52 9.30
10:08 9.88
10:15 10.02
"10 yuan!" Chen Xi's voice has changed its tone, "Zhao Zong, 10 yuan!"
Zhang Qingxue took off his glasses, wiped them with a handkerchief, and put them on again.
Su Wantang stood up from the sofa, walked to Zhao Chen, and gently held his hand.
Her hands are cold.
Zhao Chen held her back.
"Don't be nervous." He said, "This is just the beginning."
10.15.
10.22.
10.30.
The line is still climbing up without any pause.
There are no selling orders at all in the market.
Those retail investors who were hesitant yesterday have all become firm holders today.
Those institutions that were still waiting and watching yesterday have all become madmen rushing to raise funds today.
And those Short Selling's--
They are being forced to death.
Chen Xi suddenly spoke:
"Zhao Zong, this price... has almost reached the position when you first Short Selling."
Zhao Chen nodded.
Last November, when he first Short Selling Henglong, the stock price was around 10.5 Hong Kong Dollar.
Now, 10.30.
There are still 0 2 Hong Kong Dollar away.
"We're here," he said.
On the screen, the stock price hit 10.38.
Chen Xi was stunned for a moment. "What's coming?"
"My first price was Short Selling." Zhao Chen said, "It was about 10.5 Hong Kong Dollar."
Chen Xi Before he had time to react, the first line on the screen suddenly stopped.
10.40.
Then, start trading sideways.
Zhang Qingxue pushed up his glasses:
"There is an offer for sale."
On the screen, sporadic green sell orders began to appear at the 10.40 position.
100,000 shares.
200,000 shares.
500,000 shares.
One stroke after another, it's like testing, but also like waiting for something.
"Profit taking is leaving the market." Chen Xi said, "This position should be their expected target position."
Zhao Chen nodded.
He saw it.
Those who have made it all the way from more than 5 yuan to now will start to cash in profits at this position.
This is normal.
But what caught his attention more was another thing -
On the short side, the position has not been closed yet.
"Are they still carrying it?" Zhang Qingxue asked.
Chen Xi called up the data and frowned:
"All the buying today was done by bulls and retail investors scrambling for funds. On the short side... there is no sign of liquidation."
Su Wantang asked softly, "Why don't they close their positions?"
Zhao Chen was silent for a few seconds.
Then he said:
"It's not that we don't want to get peace. It's that we can't get peace."
He looked at the horizontal line on the screen:
"There simply wasn't enough selling in the market for them to even out.
As long as they buy, the stock price will continue to rise. The more they buy, the more they go up, and the more they go up, the more they lose."
He paused:
"So they can only wait until someone is willing to sell at this location."
But will anyone sell it?
10.40 is today's high point.
But it was also the fluctuation position of the stock price before the Zhao Jianguo incident last year.
Those who got it from more than 5 yuan have already doubled their income.
Will they be satisfied?
Or will they wait for a higher price?
The horizontal line on the screen moved slightly.
10.42.
Someone bought it.
A purchase order for 500,000 shares pushed the price up by 2 cents.
Then comes the second stroke.
The third stroke.
The line began to slowly climb upward again.
10.45.
10.48.
10.50.
"Someone has entered the market." Chen Xi said, "Or is Short Position closing the position?"
Zhao Chen looked at the line.
He knows what this means.
"It's not Short Position closing the position. The bulls will not give Short Position the chance to close the position."
Those real bulls, those who came for Short Squeeze, entered the market at this position.
What they are betting on is that the short side will die and the stock price will skyrocket.
And they bet correctly.
At 11 o'clock in the morning, a certain securities firm Trading Room.
The fund manager sat motionless in his chair.
His eyes were staring at the screen, but there was no light in those eyes.
The trader's voice came from far away:
"Boss, the stock price is 10.55...10.58...10.62..."
He didn't answer.
The phone is placed on the table and the screen is black.
He has made twenty phone calls.
Call Wang Zong, no answer.
Call Lin Wanqing, no answer.
No one answered.
No one wants to answer his call at this time.
Because they all know--
He is already dead.
"Boss!" The trader's voice suddenly rose, "It's 10.90! It's about to break 11!"
The fund manager slowly stood up.
He looked at the line on the screen and suddenly smiled.
The smile was very light and bitter.
"I'll go out for a while," he said.
The trader was stunned for a moment. "Boss, now..."
But the fund manager is already at the door.
The door closed behind him.
The trader stared at the screen without looking back.
He didn't know that that door would never be pushed open again.
Twelve noon.
Chen Xi's cell phone suddenly rang.
She picked up and listened for a few seconds, her face instantly turned pale.
"Okay... I get it..."
She hung up the phone and looked at Zhao Chen.
"Zhao Zong," her voice was tight, "Something happened..."