Qiu Shuzhen said helplessly, "Actually, this was quite sudden. My boss didn't have a female companion, so she asked me to accompany her to the HSBC charity auction. She had someone buy it for her, but according to the size, no one else could wear it, so she asked me to take it back so that I can use it to accompany her to other events in the future."
"Really? Why do I feel like your boss is interested in you?" The third sister teased.
"Yes, yes, these gifts are estimated to be worth more than 600,000 Hong Kong dollars, and you still say you don't like you." The eldest sister said with a smile.
"Shuzhen, your boss doesn't have a female companion and he's so rich. You should take this opportunity to win him over. There aren't many high-quality men like him left."
Qiu Shuzhen blushed and said, "How could our boss be interested in me? He is so outstanding, he must have a lot of girls around him."
"Shuzhen, you're wrong. Bosses are always busy and don't have much time for romance. If his secretary doesn't even notice you, then that means you don't have romance. You have to seize the opportunity."
"That's right, if all else fails, just sleep with him."
Qiu Shuzhen blushed from her neck to her ears at the harsh words of her sisters.
Finally, he couldn't stand it anymore and ran back to his room.
......
Sunday, December 20, 1974.
Bao Junyi contacted Julian Robertson on Wall Street in the United States early in the morning.
"Robertson, have the previous short orders been cleared? How many long orders are currently open?"
"Boss, all short positions have been liquidated. As for long positions, less than half have been bought. The market's short position seems to have weakened."
"It's okay. I will stimulate them in the near future and make them more active."
"After all, no matter how much the stock price fell, we didn't issue any announcements or respond. Miracle Games' stock price would have fallen on its own, so their short-selling funds didn't need to invest too much to crash the market."
"Okay, I'll make the preliminary preparations."
"Well, speed up your long positions and add some leverage, but not too high to prevent a margin call."
"Understood, Boss. I'll keep a close eye on it these next few days."
"Well, next Thursday, which is the 28th, I will take action."
"Okay, I'll set aside money to cooperate with you."
After the communication, I understood the positions of Fat Tiger Fund and felt relieved.
Located in an office in the Morgan Building on Wall Street, USA.
Patriarch Lauren, Patriarch Keswick, and Morgan’s butler George were all there, discussing the recent fluctuations in Miracle Games’ stock price.
"In the past ten days, the stock price of Miracle Games has fluctuated significantly. Large funds have been entering the market, and large short positions have been liquidated. Which force is behind this?" Chief Lauren said worriedly.
"We have been planning for half a year, and we have the lowest chips, so don't worry." said Chief Keswick.
"But, as you know, when we borrowed the stocks, there was also a force shorting them with us. It's called the Fat Tiger Fund. They've never left the market. Will there be any changes if they leave now?"
"If it really doesn't work, why don't we liquidate some of our positions and recover some funds?"
"No, if we withdraw funds now, the stock price will rise, and other institutional investment banks will follow suit, causing us to fail directly. We have too many short positions and they will be easily discovered. We can't move now." Morgan butler George said helplessly.
"Each of our families will raise another sum of money to prepare for emergencies, just as a precaution."
"Okay, this is the only way." said Chief Lauren.
There are too many short positions in Miracle Games now. Most Wall Street institutions and international hot money have participated in it and have more or less positions.
The stock price has been falling slowly because the first, second and third quarter financial reports were all very impressive. Moreover, the profit was over US$200 million each quarter, and it is estimated that the profit this year will exceed US$1 billion.
Although many channels of our families have been cut off, some local forces have taken over the share of arcade underwriters due to credibility reasons. As a result, sales have skyrocketed and there are more arcade orders.
Because many remote areas, towns and other places are covered by them, the financial report is so impressive.
The stock price was still held up despite a large number of short orders, and many institutions were still very optimistic, resulting in a slow decline.
As Robertson Fat Tiger Fund liquidated its short positions, various countries took action and financial institutions also paid attention.
Among them, institutions located on Wall Street in the United States have already had differences. The stock price of Miracle Games has gone from a slow decline to a violent fluctuation now.
A Wall Street institutional fund manager said: "Fake! We lost 15% of our profits due to the volatility over the past few days. If this continues, we will lose all our profits."
"Immediately arrange for the trading team to liquidate half of the short positions and reduce the position. We can't follow those crazy people from Morgan. Let's lock in some of the profits now."
The trader said worriedly, "Manager, Morgan has already said that this is not a good idea."
"Humph! The situation is no longer under their control. Financial institutions from all over the world want a piece of the action. If things go wrong, we'll lose all our capital. Reducing our positions is out of the question."
"Understood, Manager."
This kind of reduction or increase in positions is constantly happening in financial institutions around the world. The game between bulls and bears is becoming more and more aggressive, and the U.S. stock market is also experiencing severe fluctuations.
The U.S. stock market in the 1970s was not as large as it is today. There were only so many blue chip stocks, and companies with a market value of over 10 billion U.S. dollars are rare in the U.S. today.
The other side.
Secretary Qiu Shuzhen broke into Bao Junyi's office and said.
"Boss, this is bad. Several well-known Hong Kong banks, including Morgan Bank, HSBC, and Standard Chartered Bank, have just sent representatives to our company, demanding early repayment of our loans. Furthermore, they want repayment within three days, or they'll sell off the collateral."
Bao Junyi frowned upon hearing this and sneered, "They're resorting to such despicable tactics as this to withdraw loans. They're truly ruthless, trying to cut off the source of funds."
"But they probably didn't realize that I had already hidden most of it in Bank of East Asia and Hang Seng Bank."
"How much do we still owe to the major banks in unpaid loans?" he asked Qiu Shuzhen.
Qiu Shuzhen took out her notebook and checked it. After confirming it, she said, "Currently, we owe HSBC a loan of 200 million US dollars, Morgan Bank a loan of 750 million US dollars, and Standard Chartered Bank's loan is 1 billion Deutsche Marks, about 200 million US dollars."
"At the same time, US Steel also demanded the final payment. Since the steel plant construction was not yet completed, we directly presented the contract and demanded legal action, and only then did they agree to give up."
Bao Junyi said gloomily, "They really think highly of me. They even checked out all the banks that Miracle Group has borrowed from, and even persuaded them to demand early repayment."
"Morgan, Lauren, and the Keswick family must have paid a heavy price."
"Now several banks are attacking us together. They must have prepared for this a long time in advance and are aware of the approximate scale of our funds. That's why they are taking such ruthless action against us," Qiu Shuzhen analyzed.
"Haha, no matter how well prepared they are, it's nothing compared to absolute strength."
"How much money do we have in our group's account now?"
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