126. Chapter 126 You know
Sean didn't understand finance. Although he had made some money from stocks, he would get a headache every time he saw relevant knowledge of this kind. But this did not mean that he would let go after handing over all his wealth to Neil.
No matter, although I don’t know what the specific financial behavior is, it’s okay to pay attention to the news in this area. Anyway, there are still two laborers around.
Basically, after Neil left Los Angeles and went to New York, Sean and the others began to pay attention to financial news. Even if they cannot analyze the overall trend of IT stocks, they can still look at one, such as Cisco mentioned by Neil.
However, Sean never expected that IT stocks, which were still rising sharply on Friday, suddenly fell on Monday, and even plummeted? If they had not realized the seriousness of the matter at that time,
Then the news that IT stocks plummeted was published in the newspapers two days later, which was enough to make people feel chilly.
"What the hell..." flipping through the newspaper handed over by Galen and Sanders, looking at the thick black arrows falling down from the stock table in the newspaper, even if Sean didn't understand finance, he knew that he might be in big trouble this time.
.
Although Neil said that the short-term risk is relatively small, even if there is a loss, it will not be too big, but there is a premise that IT stocks will not collapse. But looking at the current situation, almost all stocks have fallen, except for a few major stocks.
Except for the smaller amplitude, everything else is basically plummeting!
"Hey Neil, um...how have you been these two days?" Sean called him immediately.
"I know what you want to ask, Sean, but...please don't worry, I'm processing it and will be back in Los Angeles before Friday." Although Neil's voice was calm, the uncertainty was still obvious.
"He must have really messed up." Sanders couldn't help but say this after Sean made his judgment.
"It's very possible, after all... He said before that even if there is a bubble in IT stocks, it will wait until June to burst," Galen smiled bitterly, "It seems that he... or many people have predicted it wrong."
"Now we can only wait for news from him." Sean said, and then sighed.
Indeed, all of his net worth must have been invested on Monday, otherwise Neil, who sensed something was wrong, would definitely stand still. He definitely has this acumen, so... all he can do now is wait.
Soon, only one day later, Neil arrived in Los Angeles from New York, with a tired look on his face, and it was hard to tell whether it was good or bad.
Suppressing the anxiety in his heart, Sean waited for him to take a short rest before asking: "So, can we talk now, Neil, how is the situation?"
Neil smiled bitterly. Seeing his appearance, the three of them couldn't help but feel their hearts sinking. But the strange thing was that in addition to shame, there was helplessness and joy in this bitter smile. What was going on?
"My judgment was wrong, or most people's judgment was wrong. The mainstream view is that it will take at least a few months for the bubble to burst. Then some people insist that the bubble has no signs of bursting. Only a handful of people think that the bubble will burst.
It may break at any time, but this time, the truth is in the hands of a few people." Neil sighed and spread his hands, "No one expected that Cisco would fall immediately after reaching its peak, and all IT stocks would fall with it.
, except for the stocks of a few large companies that can hold on for a while, others are basically hopeless, such as this Internet service provider. In just four days, it is basically certain that it will not be too far away from bankruptcy."
"Then..." Sanders hissed, breathing in cold air, "How much have we lost?"
"If we go long according to the conditions we set before, with a principal of 2.5 million and a leverage of ten times, the loss will be about tens of millions." Neil covered his head and rubbed it, seeming very unwilling to do so.
"So... I'm bankrupt?" Sean couldn't help pinching the bridge of his nose.
"25 million." Neil replied angrily.
"Okay, it's not too much. My current salary should be 1 million, and I can pay it off by making 25 movies." Sean said happily.
Galen and Sanders also smiled bitterly. Although they were very unhappy, they couldn't blame Neil. He must have felt uncomfortable when things got to this point, and so many investors had failed in this matter.
Somersault, however...
"No," Neil's voice rang out. He raised his head, and although he was still smiling bitterly, his expression became extremely strange, "I mean... your account has 25 million US dollars."
The room was silent for several seconds, and then three exclamations sounded in succession: "What?!"
"I mean, there is still 25 million US dollars in Sean's account." Neil spread his hands and repeated what he just said.
"Can I..." Sean looked at Neil as if he saw a ghost, "Can I know more details?"
"Actually, it's very simple. Two mistakes led to this transaction that was supposed to be a big loss," Neil grinned, "and turned it into a profit."
Without waiting for Sean and the others to ask again, he continued: "After arriving in New York, I contacted a trader to start. What I didn't expect was that the guy was Latino, okay, maybe Hispanic. In short, he
His English was not very good. Then, I contacted him by phone, and his place was very noisy at that time, so he mistook the long call for a short call.”
Neil showed a wry smile again: "This was the first mistake. Then, because I was busy ending the call, I just told me to set the stop loss line at 5% and there was nothing more to say. The so-called stop loss line means to do long or
When shorting, once the object falls or rises to a certain level, sell or buy immediately. Generally speaking, the stop loss line must be set at a specific price, but considering that your operation is short-term, and the momentum of IT stocks is just right,
So I just gave a percentage without thinking too much, and the two words "stop loss line" didn't carry an obvious tendency, so the other party didn't ask carefully."
Then he sighed again: "This is the second mistake, plus another mistake that is not a mistake. I went to bed a little late on Sunday night, so I woke up almost 12 o'clock on Monday morning. So, when I learned at 1 o'clock
Regarding the specific situation of the stock market, I almost wanted to jump off the Empire State Building. You must know that if I had followed the original plan, my position would have been liquidated long ago. Not only would I lose all my money, but I would also owe tens of millions of debts.
I really don’t have the nerve to come see you again. Then the trader called me and said that the market was about to close. Should I cover my shorts? He also praised me for being so accurate in my predictions. It took me five times to react. It was as if I heard it at that moment.
The voice of God pulled me up from the abyss of hell."
"Fuck!" Galen couldn't help but cursed.
"Fuck!" Sanders couldn't help but cursed.
"Fu...Fuck!" Sean couldn't hold it back in the end.
"It became much easier after that. Next, I continued to ask traders to short-sell, and several of the stocks I targeted also fell quite hard. For example, the bankruptcy mentioned just now was a foregone conclusion, so in the end it increased tenfold."
I spread my hands and shrugged.
The room fell silent again. After a while, I didn't know who laughed first. Then, everyone laughed, but Neil still looked happy, while Sean and the others looked completely relaxed. Especially Sean,
Not even the leading actor who won "The Talented Mr. Ripley" had such a carefree and comfortable look.
"Make no mistake, God is on our side." Sanders whistled.
"That's right, otherwise, a guy who claimed to be watching Sean's money all the time wouldn't know what to do now." Galen also said teasingly.
Neil's face turned red and he coughed several times before stopping. Even so, he still buried his head and was afraid to see people. He had sworn at the beginning that there would be no mistakes, but it turned out that the trader didn't hear it wrong.
It's not that he was careless, it wasn't that he got up late, God knows what will happen next.
But Sean didn't care, and patted him on the shoulder happily: "Anyway, thank you for your hard work, Neil, even though I earned so much through some combination of circumstances."
After a pause, he asked again: "By the way, how much should I share with you? 10%?"
"Yes, but no need," Neil shook his head, "I really don't have the face to take this commission. If it was indeed earned under my planning, I would definitely not give in. But in fact, if it weren't for luck,
Well, it’s not God on our side, you’re really broke.”
Sean pondered, and then laughed: "No, this 10% commission should still be given to you. Instead of paying more taxes, it is better to give your brother an advantage, but there is a condition."
"It's...what?" Neil couldn't help but ask.
In any case, 10% of 25 million is 2.5 million. Although he has to pay this part of the tax himself, for Neil now, this is already a huge sum of money. If he can get it, he can do whatever he wants.
no problem.
"The answer is very simple, I want you to go back to Harvard now and finish the remaining two years of courses conscientiously." Sean said.
"Isn't it?" Neil's face immediately fell.
"What, do you really plan to have another complete failure before you wake up?" Sean raised his eyebrows, "Take this time as an example. You claim that you can do a good job and you just need a chance to prove it.
.Okay, I gave you this opportunity and handed over all my wealth to you, but what’s the result?”
"But... this has nothing to do with Harvard." Neil argued in a low voice with some reluctance.
"Anyway, as long as you go back to Harvard, you can get the 10% commission." Sean didn't care and just said in a seductive tone, "Of course, I won't pay you all at once. I will find a lawyer to negotiate with you.
In your previous contract, the money was divided into three parts. If you stay at Harvard for one more year, you will have one more part of the money you can use."
After speaking, he patted his shoulder again: "It's better to study at Harvard honestly, accumulate experience and expand your network, Neil."
"Hell..." Neil covered his head and nodded feebly after a while, "Okay, I promise you."
"Very good," Sean smiled very happily, and then his seductive tone became more intense, "By the way, there is one more thing, if you can help me get it done, I can give you an additional 5% commission."
"What is it?" Neil suddenly became more energetic.
Sean smiled slightly:
"Do you know Amway?"
"What?"
Chapter completed!