Playing Find Nearby People, the future self greets him and gives Lu Fan an opportunity to get rich quick.
Lu Fan gathers 6 million yuan to enter the international foreign exchange market.
..."Of course."
"Anyway, a significant portion of Tencent's market value will evaporate."
"Instead of letting someone else benefit from it, I'd rather earn it myself."
Lu Fan said with a smile.
He knew that during this period, Tencent's market value would evaporate by 10%.
That's 340 billion!
With such a huge profit, he only needs to take one-tenth, and that will be enough.
"Investing 5 billion, with a leverage of 100 times."
"You're going to ruin the penguins!"
Seeing Lu Fan's resolute tone, Dong Haotian shook his head, both amused and exasperated.
Penguin was unlucky; of all people to mess with, it had to mess with Lu Fan, that audacious guy.
Even if an average person thinks Tencent's stock price is going to plummet, they wouldn't be bold enough to invest billions to short it.
After all, who can predict anything when it comes to the stock market?
You think it might fall, but what if it rises?
"There's nothing I can do. It's just that Tencent's game studios have been disgusting to me."
"Since that's the case, I'll take advantage of his weakness and bite a piece of his flesh."
"Consider it a small act of revenge."
Lu Fan shrugged and said indifferently.
Upon hearing this, the people standing nearby rolled their eyes helplessly.
Is that a small act of revenge?
You're practically killing them!
"Alright, alright."
"Let's talk about the penguins later."
"Let's eat first."
At this moment, Jiang Hetang was the first to recover from the shock!
He immediately called everyone to start eating!
If we don't eat soon, the food will get cold.
"Yes, yes, yes, rice, rice."
"Let's talk about this in detail after we finish eating."
Dong Haotian also said with a smile.
He needed some time to process the shock he was experiencing.
The timing of this meal was almost perfect.
Moreover, you can even talk about shorting Tencent at the dinner table!
——
Dinner was finished quickly.
After the meal, the nanny cleared away the dishes.
Lu Xi went to Jiang Manyue's room, and the two girls chatted.
"Lu Fan, since you are so confident..."
"Then your dad, I'm also going to get involved."
"As for the investment amount, let's make it the same as yours."
Sitting at the tea table, Jiang Hetang brewed tea while speaking to Lu Fan.
He got involved because he wanted to help his son-in-law share some of the workload.
After all, shorting someone else's company is a very offensive thing to do.
If someone loses money out of thin air, that's just their bad luck.
However, if you were to interfere at this point...
This is truly kicking someone when they're down!
No wonder they hold a grudge against you.
Therefore, in order to help Lu Fan share some of the firepower, Jiang Hetang also chose to join in.
Furthermore, the amount of money they chose to invest was the same as Lu Fan's.
Whether or not it can make money is secondary!
"Hehe, thank you, Dad."
Lu Fan understood Jiang Hetang's intentions and was immediately moved.
"Alright, since you two have both invested, it wouldn't be right for me not to."
"In that case, I'll do the same as you."
Seeing this, Dong Haotian hesitated for a moment before also choosing to short Tencent.
There were three people together!
That means they'll be able to share even more firepower.
Moreover, two of them are extremely wealthy individuals from the southern part of the city.
Even if the penguins knew who was shorting their stock, they wouldn't dare to retaliate arbitrarily.
"Okay, then."
"There are three days left until the release of Tencent's game."
"Unless something unexpected happens, Penguin's stock price will fall a few days after the game's release."
"I'll let Uncle Dong know exactly when the price will drop."
Lu Fan chuckled.
He did not specify the exact time.
Instead, it gave a general overview!
This is in accordance with normal circumstances.
It would be too far-fetched to know so many days in advance when Tencent's stock price would drop.
"Okay, I understand!"
Dong Haotian nodded slightly.
"Hehe, I'll need to trouble you, Uncle Dong, then."
Lu Fan said with a smile.
The reason for bringing Dong Haotian along this time was to further strengthen the relationship.
After all, there will be many times when we need each other in the future.
Take short selling as an example.
Unlike overseas and Hong Kong stocks.
In the domestic A-share market, it is generally only allowed to buy long, not short.
Therefore, if you want to short sell, you need to find some securities companies that have margin trading and securities lending functions.
Only securities firms like this are authorized to short sell!
Dong Haotian's securities company has this function.
Although shorting Tencent doesn't require Dong Haotian's company.
However, if we encounter companies that want to short-sell A-shares in the future...
Then we'll have to use it!
Therefore, the reason for seeking out Dong Haotian this time is to pave the way for the future!
Margin trading, also known as securities lending, is essentially about buying long or short!
Financing implies a bullish outlook, so clients borrow money from securities companies to buy securities. When a client borrows money from a securities company to buy securities, the client repays the principal and interest upon maturity. This process of a client financing securities purchases from a securities company is called "buying long."
Just like before, when Lu Fan bought garlic or gold, he was actually buying more, which means he was bullish!
Short selling involves borrowing securities to sell and then returning them. A securities company lends securities to a client for sale, and the client returns the same type and quantity of securities and pays interest upon maturity. When a client borrows securities from a securities company to sell, it is called "short selling".
My dear reader, there's more to this chapter! Please click the next page to continue reading—even more exciting content awaits!