American Fortune Life

Chapter 1251 King of Short Selling in London (48/66)

Global stock market volatility has repeatedly set a record decline. But a small new company in the UK, nicknamed King of the London Short Sellers, turned the financial crisis into their business opportunity, making money almost all the time and continuing to make "big money”.

“I love crisis! ”

Simon Coker, now 45, is one of the leading players in the Andy Smith London Financial Group and has gained a reputation for excelling in short selling operations within the British Securities Dealers community for only a year.

He made a net profit of £25 million, about $43 million, in less than an hour this month, and the stock he chose was in a diving position just as he had expected.

“I like the crisis because some people look stupid at the time," he said with a smile, "I've always liked the rapidly changing stock market situation, because the less intelligent people make more mistakes at the time, and I can profit from it. ”

Modern style, simple and bright office hall, Simon Coker lying on the boss chair, feet on the desk, coffee with a smile on his face, tone with some proud other colleagues blowing cow 13, four computer screens on the desk displaying various stock market indices.

“FXXK!”

A bunch of tall, raised middle fingers and disdainful gutters sounded, Simon Coke still bragged very loudly, ignoring the ridicule of his colleagues. Anyway, in the future, when other people are doing so, they will envy the ridicule of jealousy as they do now.

Of course, Simon Coke knows perfectly well that everyone in the room makes money by selling short, and the secret to making big money is to trust your judgment.

Short selling refers to investors borrowing shares from brokerage firms and others to sell them on the market before buying them back from the market in the future. Investors can earn differentials if stock prices fall after an investor sells them.

The risks associated with this investment modality are considerable. Investors will suffer losses if Treasury shares do not fall back.

Coker is obviously confident in his judgment. He continues to stink and share his secret to success: “My theory is that out of 100 opponents, I'm smarter than 99. I won't let him win the rest. ”

“I was quick and cautious," he continued bragging in people's gutters, "I won't panic. ”

“I'll make a fortune! ”

“Shut up, you bastard--”

“Die! ”

“Pucker pucker...”

“Bastards, you're jealous!” Simon Coke hastily put down his feet on the table and avoided all kinds of objects that flew towards him, screaming and laughing badly at the corner of his mouth, knowing that he had indeed disgusted these guys, otherwise he would not have been attacked in the 'time of success'.

“Pfft! ”

Chelsea Angel, the manager of the London division, came out of her office and looked at Simon Coke, who had been attacked by all sorts of flying objects, just laughed, clapped his hands, raised his voice and said, "Okay, stop it, get ready, it's video conference time, the boss wants to hear our war paper! ”

Simon Coker stood up from behind the computer screen and very gently pulled off his high-end customized suit clothes and gently touched his big greasy head. After a week of gazing proudly, he said to himself: "Bastards, I will continue to share my secret to success with you later at the end of the meeting. ”

In the eye, more than three dozen middle fingers were raised high. Even Chelsea Angel shook his head helplessly and smiled. I don't know how long this so-called "success time" section will last, one by one compared to the other.

“Boss, according to sources, the UK Financial Regulatory Authority will recently announce a temporary ban on investors selling short financial shares, which may involve the shares of some thirty listed companies... ”

In the conference room, the eyes of the London Financial Group focused on the screen wall behind the first position, which was Andy Smith, who had just finished talking to O'Negroes.

As Chelsea Angel reported, Andy did not seem surprised by the news, and as the bailout policy continued to fail to stop the sharp fall in the stock market, increasing accusations of short selling transactions were one of the causes of instability in the financial markets at this stage, with some regulators suspecting that the sharp fall in the stock prices of Wall Street financial institutions was linked to the illegal behaviour of some short selling speculators.

And the power that Andy Smith represents, who makes money out of the sky, has become more of a hateful and headache, more of a helpless speculator, and they don't break the law, but they can hedge their targets with huge amounts of money, even if they know what they're doing, but in this momentum, they can only watch them come home once and for all, leaving a scene of bloodshed and mourning.

National financial authorities, which had no choice but to deal with such hollows, were only able to intervene administratively and directly prohibit hollowing out the most vulnerable financial units in a financial storm.

“Oh, that's for the stock of other companies, keep it up! The British Government's economic policy over the past decade has been a“ wild gamble ", and the relaxation of low-interest credit by current British Prime Minister Gordon Brown during his tenure as Finance Minister is not one of the causes of Britain's inability to withstand the financial turmoil.

There will be massive unemployment and corporate bankruptcy in the coming period. Find these companies and we will make a lot of money! ”

Naturally, there are no objections to the decision of the Greater BOSS, which is also an inevitable option.

“How is the situation in Icelandic krona? ”

“In turmoil, the Icelandic Government has completely lost control of its own currency exchange rate, particularly for credit card companies worldwide, which varies between 200 and 300 kroons per euro on the international market. The actual operation was EUR 1 to EUR 225, while the purchase price of the euro on the Icelandic domestic market was about EUR 1 to EUR 150, and Iceland's domestic foreign exchange reserves were too small, at only EUR 2 billion.

With the arrival of international scavengers, who have emptied their foreign exchange reserves, and with the exception of Denmark and Sweden, which have now raised $2 billion to help alleviate the Icelandic government's bankruptcy crisis, other countries have refused to help Iceland, and British Treasury Secretary Alistair has directly used his counter-terrorism powers to seize the assets of Icelandic banks in the UK, thus sparking a serious diplomatic conflict. ”

“Oh, that's what the forerunner was scared of, and funny to say, Argentina, the ‘national old man'. After eight years of international coldness, Argentina is now seeking to remove the 'old man's' hat. Today, the richest Iceland is likely to wear this hat. Do you think the Russians will give Iceland the 4 billion?” Andy couldn't help laughing at the sad shake of his head.

Iceland certainly does not want to repeat the Argentine mistake in 2001, when Argentina became a "national veteran” for its unwillingness to pay off its debts for eight years, especially when you have only fish left to eat.

“There are too many nearby conditions for the Russians, Icelandic borrowing is unlikely to succeed, the European Union will not agree, only the International Monetary Fund may end up, but the money must be in place, otherwise it will only become a fuelling tactic and will soon be emptied out by international scavengers using foreign exchange rates.

Icelandic equities experienced both a sharp drop of 77 per cent after the 14th opening, the largest drop in single-day history, and reached a peak of 8,571 points in Icelandic equities last October, according to which Icelandic equities accumulated a staggering decline of over 90 per cent, taking the global championship of the decline by 92 per cent.

Without real economic support, Iceland, which is a virtual economy, can only fish, I'm afraid, as their Prime Minister said. ”

“Pfft -”

“Ha ha...” Andy couldn't resist, laughed directly, and similarly grinned, the aggrieved crowd began to laugh. Given the small number of people in Iceland and the abundance of natural resources, Prime Minister Halder saw the collapse of the banking system, a sharp devaluation of the krone and soaring prices, the consumption level of Icelandic residents had dropped dramatically, and he had to come forward and advise the people to fish on their own to save food costs.

Andy also finds it funny that the Icelandic stock market, despite the feelings of 1.3 billion Dynasties, fell sharply after the opening of the 14th, reaching 77%, surpassing the year-long decline in A-shares of the Heavenly Dynasty, openly challenging the diving champion throne of the Heavenly Dynasty...