At 11 o'clock in the evening, Wang Guanxi returned home, took a shower, then came to the small bedroom, lay on the bed and watched the current affairs news.

[GM will cut costs by $15 billion in the future]

"Oh, it's another bad news in the entire industry. I want to short BYD Electronics Group again now."

Today, the share price of BYD Electronics Group closed at 4.00, while Wang Guanxi planned to enter the market and short it at 6.00.

"Maybe this news is not a big deal. I was worried too much. The automobile industry fell sharply yesterday, and short-term negative news may have been exhausted."

The next day, June 17th, the stock market opened on Tuesday.

HSBC International Trust and Golden Dragon Fund began to sell, and their stock price quickly fell from 4.00 to 3.00.

At this time, Fidelity Investment Group's US increased its holdings at 3.00 again, and the stock price began to rise.

From the 3.00 position, it quickly rushed to the 4.00 position.

After staying for a while, continue to rush up until it reaches the 5.00 position.

Wang Guanxi was very excited. The stock price actually rose to 5.00.

"When the stock price reaches 6.00, I will continue to short!"

Soon, the stock price rose again 0.5 yuan, and rose to 5.50. Just when Wang Guanxi was planning to call Feng Shaokun to borrow the stock, BYD Electronics' stock price was sold out by HSBC International Trust.

The stock price fell all the way and soon fell back to the 3.00 position.

Fidelity Investment Group, Hong Kong Branch. Si Xiuliang ordered: "Continue to buy"

“Yes, President”

So the stock price rose sharply under their buying, and soon rushed from 3.00 to 5.00.

HSBC International Trust also seized the time to sell.

Two institutions are competing.

The stock price was shaking wildly from 3.00 to 5.50, and the trading volume was very large.

At this time, HSBC International Trust sold 5 million at one time, causing the stock price to fall from a high of 5.50 to 3.12.

Guo Linhai of Guohao Financial Group and Wu Zhanhai of Yonglong Securities Company were both excited.

Fidelity Investment in the United States continued, but they didn't take action, and they bought one after another.

Wu Zhanhai bought 3 million shares, while Guo Linhai bought 6 million shares.

The stock price once again rushed to the 5.50 position, but was sold again by HSBC International Trust, and the stock price fell sharply again.

Finally, HSBC International Trust finally sold out its last stock and closed at 3.05 in the morning.

These days, they cashed out a total of 213 million shares, with an average cashing out position of 702, and a total of more than 1.4 billion Hong Kong dollars in cash.

Jiang Quangang ordered all traders: "Before the end of this week, I will cash out the stocks of CNPC, Sinopec, and CCB."

He glanced at China Resources Beer Group and said, "Prepare to increase its holdings in China Resources Beer."

He is still quite optimistic about the prospects of China Resources Beer Group. This time, he cashed out the stocks of BYD Electronics, Sinopec, and PetroChina to buy stocks of other listed companies, commonly known as stock exchanges.

“Yes, President”

Because there was no selling from HSBC International, after the opening of the afternoon trading, BYD Electronics' stock price rose all the way and soon reached the 4.50 position.

Then break through the 5.00 position.

After staying for a while, then rush to 5.80 and close.

"It's about to reach the 6.00 position, and you can short it tomorrow."

Wang Guanxi was very excited, so he rode his bike to Yongheng Securities Company and continued to borrow BYD Electronics' stock.

So, Feng Shaokun borrowed 7 million shares from Yonglong Securities Company, Ping An Fund borrowed 5 million shares, and Guohao Financial Group borrowed 11 million shares, totaling 23 million shares.

Wu Zhanhai, Hao Yumao, and Guo Linhai lent the stock to Wang Guanxi without thinking and collecting interest!

The next day, June 18th, Wednesday.

At the opening of the stock market, BYD Electronics' stock price quickly rose to 6.00.

"The opportunity is here!"

Wang Guanxi slowly sold out!

50,000 shares!

50,000 shares!

··

11.5 million shares sold!

The stock price gradually fell to 4.00, while Fidelity Investment Group in the United States continued to increase its holdings, quickly pulling the stock price to 6.00 again!

Wang Guanxi sold out again.

50,000 shares!

50,000 shares!

···

The stock price was pushed back to 4.00, and the morning session ended.

Wang Guanxi shorted 23 million shares, with a position building at 5.00, and a temporary floating profit of HK$23 million.

"Just make money while lying down."

···

At this moment, Fidelity Investment Group, Si Xiuliang ordered: "In the afternoon, the stock price will be pulled to 6.00, so that the bears will continue to sell. The stock price will fall. We will buy it again. As much as they sell, we can eat!"

“Yes, President”

Soon, the stock price rose again when the afternoon trading opened!

It quickly rushed to the 5.00 position, but did not stop and continued to rise until the 6.00 position.

Wang Guanxi's account profit disappeared.

"Damn it, why haven't the other major shareholders of BYD Electronics sold?"

··

Jinlong Fund, Zhong Hewu, the major shareholder of BYD Electronics, continued to wait and see without selling.

The stock price continued to rise, and soon reached the 6.5 position, and then closed.

At this time, he saw the latest information.

[The unemployment rate in the United States rose sharply from 5.0% in the previous month to 5.5%, the highest since October 2004 and the largest single-month increase since February 1986.]

Suddenly he felt something was wrong. What's wrong now?

Thinking of his friend Rand Quan's company, the customer in California, USA, was cheated.

The unemployment rate in the United States has risen so much now, and the economy is deteriorating. BYD Electronics Group's customers include Mercedes-Benz, Ford, and Sony.

"The economy this year must be very poor. I'd better cash out more stocks and take the cash and be stable!"

"Sell 20 million shares at the opening tomorrow. Alas, you can buy them when the stock price is low in the future."

The next day, June 19th, Thursday.

The share price of BYD Electronics Group rose at the opening and soon reached the 7.00 position!

Zhong Hewu couldn't bear it anymore and kept selling BYD's stock.

So the stock price fell sharply and soon fell to 5.00. He quickly stopped selling.

Soon the stock price rushed up again, from 5.00 to 7.00, and the morning trading ended.

He plans to sell 10 million shares again and leave a certain amount of shares in BYD Electronics.

At the opening of the afternoon, he sold another 10 million shares, causing the stock price to fall to 5.50.

However, Fidelity Investment Group, the US has bought even more fiercely this time, and retail investors in the market have also bought very fiercely, which has caused the stock price to rise sharply and reach the 7.50 position.

Wang Guanxi's account lost 57.5 million Hong Kong dollars. He was sweating coldly and felt very uneasy. He felt that he was too radical and reckless. He should wait until the stock price rose to 7.00 before shorting it!

It was too early for him to short at 6.00.

I tasted the big sweetness when I shorted the first two times. This is the third time I shorted, don’t fall into the gutter.
Chapter completed!