Rebirth 76: Industrial Internet Empire

Lin Xi walked in with a copy of Barron's that still smelled of ink and said, "Yang Mo, look at this! We should have allies..."

After Yang Mo read it carefully, he said with interest: "Qian Ning, let Zhiyuan International Consulting Company check the origin of this thing called "burningup" to see if there is anything fishy about it?"

Half an hour later, Qian Ning walked in excitedly and said, "Mr. Yang, you really guessed that "burningup" conducted this survey under the commission of a company called the Knicks United Fund..."

"Knicks United Fund? What's the origin?" Yang Mo asked with interest.

"Speaking of the Knicks United Fund, it's really interesting. The founder is Jim Chanos, who has a very different investment style. Although the Knicks United Fund is not very large, it is a famous short seller on Wall Street and is good at finding short sellers. Timing..." Qian Ning explained clearly.

Yang Mo shook his head and smiled bitterly: "It seems that the real protagonist has not yet appeared on the stage, but according to the time, the layout should have been completed!"

"But after we entered the market, we never found any big funds coming in!" Li Heping said in confusion.

"Could they have been involved before us?" Lin Xi asked.

Yang Mo's heart moved and he said: "Qian Ning, you can try to check the Nasdaq futures account of the Chicago Board of Trade to see if any big funds have come in before us? Whether they belong to the long side or the short side, we will check it all. We can’t even distinguish our opponents from our allies…”

Qian Ning's investigation soon yielded results, and he walked in with a strange expression and reported: "Mr. Yang, we found it! Before we established a short position on the Nasdaq futures at the Chicago Board of Trade, Abby Cohen from Goldman Sachs Investment sold There are many Nasdaq 012 short contracts!”

"Is it normal hedging, or is it intentional to short Nasdaq?" Yang Mo asked.

“According to the investment distribution, it should be hedging and risk aversion! The investment styles of Abby Cohen and Jim Chanos are exactly the opposite. She is a well-known Internet stock bull, and the proportion of cash holdings is almost zero! Goldman Sachs’ investment stock position is extremely heavy, and the investment The proportion is as high as 70%, and hedging in Nasdaq futures is their normal operation method!" Qian Ning continued.

Monday, May 3.

morning session.

Guo Kexin sold the stocks borrowed from the bank at a 10% discount from the market price.

Qianhai Capital Company's application for reduction of holdings was also approved by the China Securities Regulatory Commission, and the reduction of holdings began in an orderly manner...

Barron's article inevitably caused panic among investors...

Thanks to a variety of factors, the Nasdaq index peaked and fell back to 4850 points.

3 month 15 day.

Under the continuous reduction of Qianhai's holdings, the Nasdaq index plummeted to 4582 points, a loss of nearly 10% in just three days.

Qianhai Asset Management has become the target of public criticism, with constant abuse on major platforms, and eggs even thrown at the headquarters gate by angry investors...

Led by the Qianhai Department's holding reduction storm, a chain reaction was triggered, and a small number of smart investors, funds and institutions began to reduce their positions.

Abby Cohen, who has witnessed the miracle of Amazon's IPO, the most determined bull on Wall Street, also smelled a hint of danger. While increasing his short positions in Nasdaq futures, he reduced his holdings of stocks!

At this time, Abby Cohen was surprised to find that many short orders suddenly appeared on the Nasdaq futures market...

Amy Cohen immediately realized that there was a large amount of money competing with her for chips, and through a series of seemingly coincidental operations by Qianhai Asset Management and Zhiyuan Group, the shrewd Amy Cohen immediately felt that something was unusual!

Thinking of this, Abby Cohen's forehead was already covered with sweat. She turned around and grabbed her coat on the wall and rushed out...

Sand Hill Road, Silicon Valley, Zhiyuan Investment Company.

"Mr. Yang, Abby Cohen wants to see you and is on her way over. How should I reply to her?" Qian Ning walked in hurriedly and said.

"Just say I'm not here and let her go back!" Yang Mo said without hesitation.

"Do you know why Cohen is anxious to see you?" Qian Ning asked in surprise.

"It's nothing more than begging us to give her some time to liquidate, or let her increase her holdings of some Nasdaq futures short orders. Don't rush to sell the market or compete with her for short futures orders!" Yang Mo laughed.

"Sell her a favor, wouldn't it be good to have a powerful ally like Goldman Sachs?" Qian Ning asked.

"You can sell her a favor, but you can't agree to it easily, otherwise she will take it for granted! You tell her first that I'm not here. If she really wants to see you, you can receive her and see what specific ideas she has before making a decision! Yang Mo said after pondering for a moment.

As expected by Yang Mo, after meeting Abby Cohen, he said straight to the point: "Mr. Qian! I know you are shorting Nasdaq. We at Goldman Sachs Investment also hold many short positions in Nasdaq futures as the same investment. Allies of the direction, your large-scale reduction of holdings in the secondary market has completely disrupted our rhythm..."

Qian Ning finally understood why Yang Mo didn't want to see Abby Cohen, and he was so confident in asking for help!

"Abby, did you mishear something? We have no plan to short Nasdaq..." Qian Ning said calmly.

"Mr. Qian, we are old friends. Goldman Sachs Investment and Zhiyuan Group have also had many happy cooperations. We should sit down and talk openly and honestly!" Abby Cohen said.

"Abby! Zhiyuan Group reduced its stake in Cisco in order to raise funds for the acquisition of Vivendi. The entire reduction plan has also been reviewed and approved by the China Securities Regulatory Commission. This is a normal adjustment of our investment direction, and there is no conflict of interest with your Goldman Sachs investment. Right?" Qian Ning said with a frown.

"Mr. Qian! Don't tell lies in front of real people. You and I both know that the largest holders of short positions in Nasdaq futures should be Qianhai Asset Management and your Zhiyuan Group, right?" Abby Cohen said.

"Amy! Zhiyuan Group is facing tens of billions of dollars in share reductions in the secondary market. Hedging risks in Nasdaq futures is a normal investment behavior! If this hinders any of your plans, I am very sorry! If you It's nothing, so I'll excuse you..." Qian Ning said angrily.

"I'm sorry! Mr. Qian, maybe my expression was wrong! I have no right to interfere with any investment made by Zhiyuan Group! I came here to visit you just to discuss with you. I think we are close allies and For the sake of our many partners, we were given a buffer of time to postpone the launch date for half a month..." Abby Cohen quickly stood up and explained.

"The time for selling is delayed by half a month? Why do we want to sell?" Qian Ning asked, pretending to be confused.