readx(); In the afternoon, a Wall Street investment company boss sat in his office and turned on the TV as usual to watch today's news.
Suddenly, his expression changed drastically, and he immediately picked up the phone and informed: "From now on, we will sell off all the Enron stocks we hold. You don't care how much loss we will suffer. This is an order! If you can't If you sell the stock within half an hour, then pack your things and get out!”
Not only this one boss, but also the bosses of many investment companies and securities companies chose to sell their stocks immediately after seeing the news on TV and the articles of the two professors in newspapers.
Some people who have not paid attention to these news are very surprised. What is going on? Why are so many people selling Enron stocks? Enron also said yesterday that there will be a large amount of income soon, and the stock price should continue to rise.
Some people speculate that it is a so-called technical adjustment
If this is the case, then it is likely that the dealer is washing the market. They should take advantage of this opportunity to buy some Enron stocks again and spread the cost.
So when many people were selling Enron stocks, some companies began to buy Enron stocks in large quantities, but they did not pay attention to the news.
Those who work in finance cannot even grasp real-time information, so losing money is not surprising.
At this time, Enron held an impromptu enlarged meeting of directors. Not only the company's board members, but also some important executives of the company participated.
"Everyone, our stock price is plummeting now. Can anyone tell me what we should do?" Enron's chairman asked.
"I think we can have people refute Feng's words in Media Mountain. He is not a professional financial person, and his words are not credible!" someone suggested.
"What about the two Harvard Business School professors? They are professionals and can be called authoritative."
"We can get those two to change their words. I think nothing is priceless." The man gritted his teeth and replied. Apart from this method, he couldn't think of any better way.
When he saw the news today, he also asked his broker to cash out all the Enron stocks he held. Although he lost a lot by selling like this, if he waited until tomorrow, he would lose even more.
At this time, some people who did not read newspapers or TV received news on the Internet that Enron was suspected of financial fraud and falsely reporting profits.
They wanted to sell Enron's stock at this time, but found that they couldn't sell it at all.
Because everyone is throwing,
There was absolutely no one to answer the call. As a result, not only could Enron's stock not be sold, but its stock price was still plummeting. Those people placed orders, each with a lower price than the last.
I'm afraid that if it's too late, these stocks will be equivalent to pieces of waste paper!
At this time, the bosses of securities companies and investment companies who were bargain hunting in the afternoon were almost crying. They thought they were getting a bargain, but it turned out to be a trap!
It's so bad now that the stock is guaranteed to continue to fall when the market opens tomorrow.
Those who had sold Enron stock first were relieved. Although such crazy selling caused them to lose a lot, some large companies even lost tens of millions of dollars. But it’s much better than having nothing left in the end.
…
"Down, down, down! Hahaha, Feng, you are so amazing. Enron's stock has really started to plummet. How come such a big company has issued so few shares? We haven't lent much." Short." Kirilenko looked regretful.
"That's good. You were planning to invest in this company's stocks at first." Feng Yu rolled his eyes at Kirilenko. If you invest in Enron, expect to lose all your money.
Well, maybe the court will later order Citigroup and other companies to pay compensation, but the compensation will definitely not be enough.
"That agent has been fired by me! He knows how to follow the crowd. If he is at this level, why should I give him such a high commission?" When he mentioned this, Kirilenko became angry. Why is there such a big gap between the agents he hired and those hired by Feng Yu!
This time, they borrowed Enron shares through a securities company, sold them, and then bought them back after a period of time to repay them. All they had to pay was a deposit.
It's a pity that not much can be borrowed from one stock, so even though the profit point is high, the overall profit is not much, but it is enough to make up for the losses they made when they sold Internet technology stocks together.
While Feng Yu and the others were chatting, Ralph knocked on the door and came in: "Boss, Enron has responded. Their chairman said that your remarks are purely slander. They have never falsified any data. They have hired a lawyer and sent a lawyer's letter to you and the American cable TV station, asking us to publicly apologize and compensate for the losses."
After the news was released, Enron's stock price did rebound a bit, and some of the orders that had been placed were finally delivered successfully. And now those investors are divided into two groups. One group sells quickly and admits their losses. The other group is taking advantage of the opportunity to buy at the bottom, waiting for a turnaround tomorrow to make a fortune.
Kirilenko frowned and said, "They are too shameless. Didn't they respond to Benford's Law?"
Feng Yu smiled and waved his hand: "It doesn't matter. I think the accounting firm that does the accounting for Enron will give us a response soon."
Sure enough, that very famous accounting firm in the United States fired two senior accountants that day.
Feng Yugang said that they made false accounts, and then two accountants were fired. It doesn't matter, but U Kanshu (ww.ukanshu.cm), who believes it
After the news broke, Enron's stock price plummeted again, and it couldn't be held back.
"Feng, should we repurchase it?" Kirilenko asked. The borrowed stocks must be repaid.
Feng Yu shook his finger: "Don't worry yet. How much has it fallen today? It will continue to fall tomorrow. I even think that this company's stock may not fall below one dollar."
"How much? One dollar? This morning, their stock price was over sixty dollars!" Kirilenko's eyes widened.
Feng Yuxin said that it doesn't matter if it falls below one dollar, the company will go bankrupt.
"Nothing is impossible. If their company makes false accounts, they will inevitably be punished by law. The evaluation agency will lower Enron's credit rating, which is another fatal blow to Enron. Besides, Think about it, why are we shorting Citigroup stock?"
"Are you saying that if the Enron incident gets bigger, Citigroup will be involved?" If Citigroup can be involved, then a plunge is not impossible.
"Inevitably, Citigroup is one of the most famous financial groups on Wall Street. Citigroup is also one of the driving forces behind the current Internet bubble. How many stocks of such companies have they invested in, and they have made huge profits. There is no substantial evidence for that. , the blow to Citigroup will not be too big. But the accounting transactions between Citigroup and Enron were tampered with. Is it possible that Citigroup didn’t know about it?”
Feng Yu is full of confidence, and Citigroup must pay a heavy price for it!
…