According to reports, this story begins at an entirely unscientific moment: Zhou Ziye, a designer who rose from creating counterfeit mobile phones, suddenly time-traveled back to the year 1984.
...Even if you don't play, you should still tell them where you'll play.
They further told Xing Baohua that if he did not comply, the betting agreement would be revoked.
I learned from the lawyer that no penalty for breach of contract was originally stipulated.
Even if it is cancelled, neither party is considered to be in breach of contract, and no penalty or other compensation will be incurred.
Xing Baohua thought for a moment and told Huang Xingyao that whoever wanted to cancel could simply come and sign the cancellation agreement.
The news was released, but as a result, not a single person came forward to cancel the betting agreement.
What kind of nonsense is this? Are they deliberately harassing us before the big battle?
Is that all the tricks you have?
Xing Baohua began transferring funds to various accounts, and the institutions that received the news were very excited, indicating that Xing Baohua was preparing to enter the fray.
In fact, Xing Baohua did nothing but leave the money in the account.
If he had hundreds of millions of dollars in a bank, he could earn interest; but if he put it in a stock market account, he can only earn cash flow interest.
Not only is it a waste of money, but it also looks like an amateurish approach.
Regardless, Xing Baohua's actions have given those small and medium-sized institutions a glimmer of hope.
Many people on Wall Street are talking about Xing Baohua, this "Oriental madman."
If you want to make a profit on Wall Street, even a god can't help you.
In a game designed for high-IQ players, trying to complete it only results in a crushing defeat, adding another huge failure to the list of examples and serving as a good warning.
Many people wanted to see this Asian man suffer a crushing defeat.
But Xing Baohua's attention was diverted to those small and medium-sized institutions. Why were they all so eager to know the points where he shorted the stock?
Could it be that one of them is a master strategist who has already calculated the point at which the stock market crash will occur?
There couldn't possibly be such a master! If there were, they would be someone who traveled through time, right?
Xing Baohua felt that the probability was very small, and using calculation to find out the result was a relatively safe approach.
It's worth noting that during this stock market crash, the US resorted to halting trading to freeze the entire downward trend.
The emergency deployment of its own resources to support the market, along with persuading large and super-large companies to do the same, prevented the collapse of the economic system of the United States.
Even if those small and medium-sized institutions know the outcome, so what?
The betting agreement has been signed. As soon as Xing Baohua places his first short order, the starting point will be known. The outcome will be known after the price drops by 1,000 points.
For example, if Xing Baohua writes "2670", and you place an order here, then as long as the price exceeds 1670.00 and reaches the position of 1670.01, Xing Baohua will win completely.
Conversely, if the score is less than 1669.99, Xing Baohua loses and must pay all outstanding bets.
Even top analysts cannot calculate this precisely; they can only arrive at a rough estimate.
What Xing Baohua didn't know was that the institutions that had bet against him learned through other channels that someone had resorted to underhanded tactics to get him to leave behind more than 20 billion US dollars.