People in the Republic of China era began to rise from industry.
Chapter 82 Cashing Out: The American People Need an Air Conditioner!
Yamada's trip to the United States was originally just to discuss the purchase of industrial alkali.
He was taken advantage of in the last price war.
Not only did the losses become severe, but the price war also pushed Japan's industrial alkali reserves to the brink of danger.
As for the payment agreements signed with representatives of several countries, they ultimately became worthless because he could not produce evidence to prove his innocence.
Yamada knew that at this point, even if he presented evidence to prove his innocence, it would be of no use.
They're all capitalists; he knows best what kind of people they are.
As for filing a cross-border lawsuit, it's nothing more than a futile struggle.
So he accepted it and chose to cooperate with Sothink again.
Following domestic directives, a huge order was signed with Sotheby's to alleviate the pressure on domestic industrial alkali reserves.
Japan's domestic industry has just emerged from the economic crisis.
Right now is the period of most rapid growth, and Yamada Industries' production capacity cannot keep up with the pace of industrial growth in the short term.
But the severe losses, both inside and outside the home, were causing Yamada great distress.
In order to recoup some of his losses, he planned to make a quick buck in the stock market using insider information.
They heavily invested in Sothink and also chose to use leverage.
After finally raising eight million US dollars, they leveraged it three times and plunged headfirst into it.
The stock had risen by 10% in the previous two days, and last night Yamada even followed the example of Americans and celebrated with a group of his entourage by opening champagne.
I originally thought it would rise again today, and even more.
They arrived at the exchange full of excitement, ready to witness it in person.
The result was a dramatic plunge.
I witnessed firsthand how eight million US dollars were destroyed in less than an hour, leaving not even a trace.
So exciting.
The shock was too much for Yamada to bear. As ordinary investors sold off their shares at a loss, Sothink's stock price fell another 10%.
When Yamada heard that he would probably have to spend another eight million US dollars, he finally couldn't catch his breath and collapsed.
The hall was a complete mess.
Lin Yi and Tony only glanced at it a few times, showing no interest in watching the excitement.
He wiped the sweat from his neck, assuming someone had fainted from the heat.
He turned to Tony and complained, "Shit, why doesn't the exchange have air conditioning?"
"You mean one of those big things that takes up half your house and can blow out a bit of air conditioning?"
Tony said, shaking his head like a rattle-drum.
"That was simply an industrial disaster."
"Not only is it completely useless, but it also costs 200,000 US dollars."
"The guy who invented this thing should be locked up in jail!"
Hearing Tony's complaints, Lin Yi's eyes immediately lit up.
So, Americans don't have air conditioning?!
……
Americans need an air conditioner!
Back at the Plaza Hotel from the stock exchange, Lin Yi chatted with the blonde, blue-eyed receptionist for a while and finally confirmed that Americans also rely solely on electric fans to get through the summer.
With the sweltering September fast approaching, the pretty waitress was already worried that the sweat would ruin her exquisite makeup.
Having what others don't has makes this an easier way to make money.
And they're making money off Americans!
Lin Yi rushed back to his room, and in the short two-minute walk, he had figured things out.
Entering the air conditioning industry is just one step.
More importantly, this involves electrical circuits and control systems, as well as chemical products such as plastics.
He could fully leverage the technological foundation of the United States to overcome all technical hurdles.
We'll have the final assembly done in the US, while the production of the parts will be done domestically.
Utilize the US market to cultivate domestic production technology.
In the short term, this may increase production costs to some extent.
However, it is of great significance in the cultivation of related industries.
China has no shortage of people, but it lacks skilled industrial workers.
And manufacturing companies that possess the technology.
By expanding into air conditioner production, we can make money, but more importantly, we can cultivate a group of technologically advanced companies.
We can use this to gradually reverse the backwardness of China's industrial technology.
In the long run, this is a contribution that will benefit future generations.
By manufacturing air conditioners, he has gained a stepping stone to officially enter the US market.
Next, he can acquire whatever is lacking in China in the US, and then make money while transferring technology.
Make up for what is lacking in China as quickly as possible.
He has devoted himself to the country's development.
With a sigh, Lin Yi poured himself a glass of rum.
He downed it in one gulp, then exhaled a sharp breath...
The following day, Xinka's stock price continued to climb.
Moreover, the increase was even faster than on the first day.
As for the stock price of Sothink, it continues to fall.
Lin Yi got up at noon and went to the exchange to buy some shares. Afterwards, he started contacting the institutions that had previously leveraged his investment to prepare to sell Xinka's shares and cash out.
The price increase was a bit crazy. Although I didn't have any trading data, anyone with stock trading experience knows that.
Most of the fatty meat we ate yesterday ended up in the organization's stomach.
The rapid rise in Xinka's stock price today is largely due to the influx of ordinary investors, creating a booming market.
These are the韭菜 (leeks), the scattered soldiers, but also the real main force in the market.
Today, they can follow the trend and rush into the market, driving up the stock price and allowing institutions to profit.
But once the price increase slows down, smarter investors will definitely sell first.
In the exchange's technical terms, this is called a technical adjustment.
The adjustment is aimed at these quick-draw shooters who are used to shooting quickly.
However, such quick-draw traders often become the bellwether for stock prices, attracting more ordinary investors to make their moves.
While it may not lead to a market crash, a drop in stock price is certain.
If Lin Yi wants to maximize profits, he needs to sell and exit the market first when Xinka's stock price is at its most frenzied.
Moreover, with the current exchange buying far exceeding selling, it's easier for institutions to agree to renegotiate contracts with him.
I was busy all afternoon, but things went very smoothly.
When the stock exchange closed, Lin Yi sold all of his 20 million yuan principal in Xinka stock, which had been leveraged four times.
Based on his average entry price, Xinka's stock price rose by 62 points.
Lin Yi made a small profit of 50 million, and after deducting all the miscellaneous handling fees, he finally pocketed the principal of over 65 million.
The profit margin is 225 percent.
The fundamental reason why finance is more attractive than running a real business is this...
"How much have you earned so far?"
The rooftop bar of the Plaza Hotel.
Sheng Aiyi, who had ignored him for forty-two hours, reappeared.
Lin Yi had just started fishing, and at that time, there were no American girls around him asking him to look at their love and career lines.
"Guess? There's a reward if you guess right."
Lin Yi chuckled and then ordered a Jack & Rose from the bartender.
Sheng Aiyi didn't play along with his wicked sense of humor. After hesitating for a moment, she said, "I have some money left, and I'm planning to buy some Xinka stock. What do you think?"
Suddenly, a leek appeared in front of me, and it was someone I knew.
Lin Yi was taken aback at first, then couldn't help but burst out laughing.
Is this still the Seventh Miss I know?
His appearance made Sheng Aiyi's pretty face darken instantly, and she stood up angrily, saying, "I didn't need to come looking for you!"
After that, he turned around and left.
"Seventh Miss, please wait."
Lin Yi shouted and pulled Sheng Aiyi back.
Suppressing a laugh, he asked, "Can you tell me which idiot came up with this idea for you?"
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