Chapter 266: Triple Leverage(2/2)
, he once memorized the chronicles of the stock markets in various countries with the help of Alpha Dog's super memory.
As Qin Hao said before, 1978 was the year when the Hong Kong stock market went from underestimation to recovery. It was not difficult for Qin Hao to select a few representative stocks.
Three days later, Qin Hao signed a capital allocation agreement with Standard Chartered Bank. Then, under the surprised eyes of the account manager, Qin Hao used triple leverage to buy 80,000 shares of the city hotel contract.
"Mr. Qin, is it too risky for you to do this? The current stock price of City Hotel is 23 yuan per share. The shares you purchased have exceeded your 800,000 principal, and the current performance of City Hotel is not
Not outstanding..."
Hearing what the account manager said, Wang Shi and Li Yuanchao also became nervous. In the past three days, Qin Hao took them to the Hong Kong Stock Exchange and saw the charm and terror of the financial market.
When they were in the mainland, they thought that a thousand yuan was a lot of money. But when they arrived at the Hong Kong Stock Exchange, they found that those old men and women who were usually inconspicuous were making more than that amount of money every minute.
, which made the two of them frightened.
Qin Hao ignored the account manager's dissuasion at all, because he was convinced that City Hotel would definitely rise, and he was not too aggressive and directly leveraged three times. According to the current stock price of City Hotel, the total amount of 80,000 shares was only
1.84 million, and it would have to fall by more than 40% before he would risk liquidating his position.
When the account manager saw that Qin Hao refused to listen to the dissuasion, he could only sigh: Damn it, it's hard to persuade him with good words. In his opinion, Qin Hao's behavior is just like that of a fool who has never touched stocks. Don't look at how calm he is now.
, when the stock actually falls, Qin Hao will be as confused as a gambler who has lost his sight.
Qin Hao did not explain this. Even when Wang Shi and Li Yuanchao asked, he just ignored it. Did he tell them that he had traveled through time?
In the next half month, Wang Shi and Li Yuanchao spent almost every day in fear, fearing that when they woke up and the stock price fell, the 800,000 yuan would be wasted.
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During this half month, Wang Shi and Li Yuanchao were more active than Qin Hao. They took Qin Hao to the exchange every day after breakfast, and then stayed there for the whole day.
Qin Hao, on the other hand, had a calm and carefree look. While Wang Shi and Li Yuanchao admired him, they also wondered whether Qin Hao was pretending to be calm on the surface, but was actually panicking inside.
The main reason why Wang Shi and Li Yuanchao were so nervous was that the stock performance of City Hotel was not very good. It had been floating around 23 yuan. It was either rising a little today or falling a little tomorrow. There was no sign of a sharp rise.
As of May 10th, the share price of City Hotel has fallen to 22.5 yuan. If he closes his position at this price, Qin Hao will lose 40,000 Hong Kong dollars, not counting the taxes and fees incurred by the transaction.
Until May 15th, Qin Hao, uncharacteristically, got up very early. After breakfast, he took Wang Shi and Li Yuanchao to the Hong Kong Stock Exchange.
Chapter completed!