From the day the Japanese stock market crashed, Du Yuxin stared intently at the market curve every day, fearing that it would suddenly rise again.
After the stock price fell to 22% yesterday, the head of the financial department in the mainland called him to inquire about Shen Dong's situation.
Du Yuxin only knew that he was making money, but Shen Dong did not tell him exactly how much he had made.
Therefore, Du Yuxin couldn't help but personally visit Tengfei Group.
They happened to run into Huo Zhenbei downstairs, and the two of them came up together.
Shen Dong placed the tea in front of the two men and said with a smile, "President Du, Mr. Huo, I have been studying Gongfu tea for some time now. You are both experts in tea, so you can help me judge the quality of this tea."
Huo Zhenbei said, "Mr. Shen, the Japanese stock market is going crazy, yet you still have the mood to learn how to brew tea. It's truly admirable."
Shen Dong smiled and said, "Mr. Huo, your face is pale and your eyes are bloodshot. Are you having trouble sleeping?"
Huo Zhenbei said bluntly, "With the Japanese stock market crashing like that, how can I possibly sleep? Mr. Shen, when do you plan to sell your short positions?"
Shen Dong said, "My original target was 35%, but after seeing the situation in the Japanese stock market, I changed it to 40%."
Compared to the previous life, the Japanese stock market fell faster, more severely, and more drastically.
If this situation continues, the Japanese stock market will plummet by more than 40% within three months.
Adhering to the principle that "a fool wouldn't make money if he didn't want to," Shen Dong informed Song Zihao yesterday that the price had been reduced by another five percent.
Huo Zhenbei exclaimed in surprise, "Forty percent? How is that possible?"
Shen Dong retorted, "Why not? The Japanese economy was completely finished the moment the stock market crashed. Don't even think about it recovering to its previous state within twenty years. Mr. Huo, are you planning to sell your short positions?"
Huo Zhenbei nodded and said, "That's right. The core members of the family unanimously agree that we can no longer take the risks."
Shen Dong smiled and said, "You got in early, so the entrance fee shouldn't be too high, right?"
Huo Zhenbei said, "It has increased by about 15 percent."
Du Yuxin asked, "Mr. Shen, what about you?"
Shen Dong shrugged and said, "I'm not too sure. But it shouldn't be less than 18%. President Du, aren't people on the mainland getting a little restless?"
Du Yuxin said with a wry smile, "It's not just them who can't sit still, I can't sit still either."
Shen Dong said solemnly, "President Du, if you are unwilling to take the risk and want to withdraw, I can immediately have my men withdraw the three billion US dollars. We are using five times leverage, and I estimate we can earn around two billion US dollars."
"Two billion US dollars?"
Du Yuxin couldn't help but swallow hard and said, "Mr. Shen, this is such a large sum of money, I need to report it to the old man."
Shen Dong smiled and said, "Please go ahead."
After Du Yuxin left, Huo Zhenbei sighed and said, "It's not easy being a government in the mainland."
Shen Dong said, "It's easy to not achieve great results, but I believe the mainland will succeed. Mr. Huo, what does Elder Huo mean? Does he also want to withdraw?"
Huo Zhenbei shook his head and said, "Only my grandfather and I disagree with withdrawing now. I came here mainly to put your mind at ease."
Shen Dong smiled and said, "My meaning is very clear: wait."
Huo Zhenbei said, "I will convey your message to my family."
After a while, Du Yuxin returned after finishing his phone call.
Shen Dong asked, "What does that mean?"
Du Yuxin said, "The old man said, 'Trust those you employ, and don't employ those you don't trust.' He trusts your judgment and will stand with you through thick and thin."
Shen Dong said, "Thank you for your trust, sir. I will prove that your choice was correct. Come, have some tea."
Just as the three of them were sitting together drinking Kung Fu tea, Philip Barker slumped in his boss's chair, his eyes bloodshot, as if he had lost all his energy.
We lost!
Some time ago, Philip Barker, along with three major families, entered the Japanese stock market with five billion US dollars.
In the beginning, he made a lot of money.
Unexpectedly, in just half a month, he not only gave back all the money he had earned, but also lost 12 percent.
It's important to know that Philip Barker, like Shen Dong, also used a five-fold leverage. If the price drops by more than 20%, he would be completely finished.
Fortunately, Hang Seng Bank was already involved in the securities business; otherwise, someone would have already asked Philip Barker for the margin.
"Ring ring ring"
The phone on my desk rang.
Philip Barker answered immediately, eagerly asking, "What's going on?"
"Mr. Buck, good news, it's up nearly one percent today."
"One percent? Great. The downturn in the Japanese stock market has finally stopped."
"However, many people have fled. They believe that the Japanese stock market may plummet further."
"Ignore them. Be greedy when others are fearful. Let's wait and see."
"Yes, Mr. Buck."
In reality, Philip Barker was caught in a dilemma and had no other choice.
He has already lost three billion of the five billion US dollars. If he withdraws from the Japanese stock market now, he will have no way to plug this huge hole.
Therefore, Philip Barker can only hope for a broad-based rebound in the Japanese stock market.
Unfortunately, ideals are often grand, but reality is often harsh.
The Japanese stock market only maintained its upward trend for two days before plummeting after many short sellers fled.
A week later, Philip Barker's five billion dollars had dwindled to less than five hundred million.
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