Chapter 173: Black Widow in the Fund Circle
Li Yuan himself did not expect that just holding up a sign would make the financial headlines.
Perhaps the market is indeed too dull, and for various reasons, he has become a weather vane in the eyes of investors. The authorities are trying to use this incident to stimulate the stock market and bring capital back to the market.
Of course, it is not ruled out that the capital itself is hyping this topic and then deceiving retail investors into entering the market to facilitate further cutting of retail investors.
The reason why he raised the placard was simple: he didn't want Song's shares to collapse on the eve of dawn.
As long as we can survive next year, pork stocks will usher in spring.
Now, no one wants a PE ratio of more than 10 times. When the PE ratio reaches 100 times next year, the market will think it is too small. It should go for 200 times...
If he doesn't take action, Song's shares will most likely be finished before next year.
The biggest fear in the capital market is that no one pays attention.
And such a desperate market situation is also the easiest to be acquired.
The sense of smell of many capitals is several months more sensitive than the market. In order to control larger chips, they will concentrate the relevant chips as much as possible.
Song’s shares have already fallen to the lowest point. Even if there is a bear market next year, the market value is unlikely to exceed 4 billion.
If he makes the arrangements now, even if he does nothing afterwards, it will be easy to make five times the profit in two years.
If we do something else and put it into operation, it will be easy to increase the amount tenfold or twentyfold.
After all, Song’s shares still have great potential.
What if the net profit is 800 million? According to a 100 times PE, the market value is 80 billion.
Is it difficult to increase profits by another 400 million?
He could even use the 400 million to specifically solicit business for Song's shares. After all, for every penny Song's shares made, he could earn an extra three points in the financial market.
This is financial leverage.
This is how many U.S. stocks are traded.
When Wall Street decides to do a certain deal, they will try their best to get business for that company, and these are all businesses with particularly high profit margins.
For example, a stock worth 4 billion US dollars has a normal net profit of only 100 million in a year, with a PE ratio of 40 times.
But with the intervention of capital, they can easily have a net profit of 500 million yuan. Even if they are only given a PE of 30 times, their market value will increase from 4 billion US dollars to 15 billion US dollars.
How much money did you spend for a profit of 500 million?
How much money can be made by increasing the market value by more than 10 billion?
Li Yuan looked at the funds he had cleared out. He had taken out more than 4 billion today, and there were still 10 billion left.
These 10 billion are just to prepare for tomorrow.
After today's closing, Kingkong Capital will announce the replacement of fund managers.
The current holdings are still 49 billion.
The holdings have been reduced by 20 billion in the past three days, otherwise the fund size should have exceeded 70 billion.
However, Li Yuan had already hinted it so clearly that even the last person to enter the market had earned more than sixty points.
If you don't run away now, it will have nothing to do with you if you lose money in the end.
After the market closed at noon, he had lunch at the company.
I just went to the office to take an hour's break when I received a call from Wen Yuxian.
"Senior, are you not optimistic about the subsequent market?"
Wen Yuxian asked directly.
"Ah? No."
"But I noticed that your fund has been reducing its positions over the past two days, reducing them by a full 10 billion in two days."
Li Yuan really didn't want to talk about the market or market conditions on the phone.
It's okay to say a few words to Wen Yuxian in private, but I have to wait until he officially steps down as fund manager.
Even if the announcement is released this afternoon, he will do his best to help Guo Meng with the transition on Thursday and Friday to avoid a stampede of funds.
At the very least, we can't let the net worth plummet on the first day Guo Meng takes office, right?
There was a two-day transition period, and then he just stopped caring about it.
"Schoolgirl, I don't provide consulting services here."
"Oh, then when can I consult with the senior?"
"Next week."
It is no secret that Li Yuan reduced his positions, which can be seen on the fund's homepage.
However, Wen Yuxian was able to detect these things just by reducing her positions, and Li Yuan felt that she was quite capable.
You can chat when you have time next week to broaden your horizons.
There are things we can learn from anyone’s trading thinking.
"Well, okay, then I'll be ready and waiting for you at any time, Senior."
“…”
Why does it sound a little wrong?
After hanging up the phone, he closed his eyes and prepared to rest for a while.
As a result, Song Jiajia called again.
He didn't answer and pretended he was at work.
Because he roughly knew what would be said on the phone.
After all, other people don't know her identity, and Song Jiajia will know it no matter how slow she is.
At around 12:50, he arrived at the trading room.
Song's shares have become the hottest stock in the market today, but Li Yuan still has 200 million yuan of funds waiting in line, so others have no chance to enter the market.
Guo Meng sat next to him, and Li Yuan said, "Manager Guo, there may be some large redemptions tomorrow, you have to be mentally prepared."
Guo Meng nodded, "Yes, I understand."
Li Yuan continued: "Don't worry too much about the first few days, just verify your trading model."
"Um."
"Also, if the market is good, it doesn't matter. If the market is bad, we still have to be responsible for the funds. Although we are a small-cap company, it doesn't mean we can't hide in bank stocks..."
Guo Meng: “…”
"I have also prepared some Song shares for you. Keep adding to your position in the next few days and try to add another 100 million yuan. You don't have to worry about the rest."
"Um."
"Finally, I'll teach you one more trick that I guarantee will help you reduce your risk by one third."
Guo Meng became interested. This is the secret.
She was ready to listen with great anticipation, and then Li Yuan said, "Remember to short 35%..."
This is the minimum holding requirement for public funds.
If the full position loses five points, the net value will fall by five points.
But if 65% of the position loses five points, the net value will only drop by three points.
Guo Meng had nothing to say.
This seems to be a very useful trick, but the problem is... why does it seem a little wrong?
Short position?
Then if you earn five points, the net value will only increase by three points.
Profit and loss come from the same source.
But why did Li Yuan only talk about the losses?
Fortunately, the market opened and Li Yuan started to get busy.
The main purpose is to tell Guo Meng about my understanding of the hundreds of stocks I currently hold.
Guo Meng particularly admires Li Yuan's ability to judge the funds by just looking at the trend. She has to watch for a long time to analyze it about 60% to 70%. The time wasted is often enough to miss the best entry point, making it difficult for her to grasp the market trend.
After the market closed at three o'clock, Li Yuan returned to the office again.
Yu Yue updated the official website information as soon as possible and pushed it in the APP software.
These are all Li Yuan’s requests.
On the push message page, the comment section instantly exploded.
"What? Shit, Yuan Shen is quitting?"
"What does it mean to get a woman in exchange? Is there some PY deal behind this?"
"Could it be that she is some big shot's daughter? Is she here to pick peaches?"
…
"Can you stop the conspiracy theories? Sky Capital is Yuanshen, who is going to take advantage of it? Are you being fooled all day long ?"
"Don't you find this new fund manager pretty? I invested 50,000 yuan, and now it's 130,000 yuan. It doesn't matter if this girl loses it all. I can just treat it as a reward for the anchorwoman."
"Indeed, with this appearance, she can make her debut."
"Don't insult Guo Meng, okay? All those female artists who debuted all live under heavy makeup and filters. Is there anyone as natural and beautiful as Guo Meng?"
"Fuck, I can still encounter a bunch of bootlickers just by buying a fund. I am really impressed!"
"Don't you know who this Guo Meng is? She is notorious in the fund circle. Two years ago, she took over a fund that lost 50% in one month. She couldn't survive in the circle anymore. Now she's using Yuan Shen to take over? Forget it. This fund manager is really not to be messed with..."
"Fuck, is this true? The Black Widow in the fund industry?"
"If you don't believe me, just search it. Her news is still there! By the way, at that time, a group of people said they wanted to support her. Why did they stop talking in the end?"
“…”
Li Yuan didn't expect that after so much time, Guo Meng's lethality was still so great.
There is no doubt that after the news was announced, the fund suffered large-scale redemptions in an instant.
Li Yuan was watching in the background.
Those redeemed shares will have to wait until tomorrow to be confirmed and will not arrive in your account until the day after tomorrow.
Even Wen Yuxian made a special video saying that she had cleared out her holdings in the Qingtian Mixed Small and Mid-Cap Fund because Li Yuan was no longer the fund manager and she has always only invested in Li Yuan.
This was not Li Yuan's instruction, but her own idea.
She had the same idea as Li Yuan. Li Yuan had also been thinking of asking her to make a special video tomorrow to persuade some investors to withdraw.
In short, run as much as you can, and it would be best if only a few hundred million are left in the end.
Yu Yue sorted out today's report and walked in.
I was also stunned when I saw the background data on Li Yuan’s computer desktop.
Wow, I can’t keep up with the refreshes. They are all being redeemed.
Each order is basically worth hundreds of thousands, which is busier than the barrage of comments in a live broadcast room with millions of viewers.
"Boss, today's net worth data is out."
He handed over the report.
There is no doubt that the net worth looks ugly today.
3.6065（＋1.76％）
This is the day with the lowest single-day net value increase since Li Yuan took over the market.
Two and a half months ago, the fund's net value was 1
Two and a half months later, the fund's net value was 3.6
During this period, the overall market fell by five points.
In fact, most funds cannot outperform the market. Only some small funds with fund managers who have some skills can do so.
Or it could be a fund whose theme happens to catch up with the market.
"It's OK. Two and a half months are up."
Yu Yue said: "Boss, your ability to trade is something I have never seen before. Although I don't know why you suddenly left the position of fund manager, I think you must have more important things to do."
"Well, I guess I'll have to wait for a month. I'll take a good rest during this month."
"Then the subordinates and everyone in the company are looking forward to the boss's return as a king!"
"Haha, maybe you'll fall into a pit."
Li Yuan is not absolutely sure about trading U.S. stocks.
After all, the opponents over there are more brutal and shameless.
After all, the famous American double standard is something they created.
Those that are beneficial to them are called rules, and those that are not beneficial to them can be abolished directly.
It's more of a survival of the fittest, and one or two mistakes could ruin everything.
Yu Yue didn't say anything.
He couldn’t accept the leader’s modesty.
If something really happens, the more he flatters, the harder he will be slapped in the face.
Of course, he is not afraid of being slapped in the face, but he is afraid of being taken out on.
Who knows what the leader is feeling? What if he takes out his failure on his flattery?
Even if you don't vent your anger on others, it will leave a bad impression on yourself.
So he only brags about his existing achievements, because they cannot be changed and no amount of bragging can be excessive.
"Has Yu Chenguang contacted you recently?"
Li Yuan continued to ask.
Yu Yue immediately said: "No contact."
"That's fine."
As he spoke, Li Yuan turned on his cell phone.
Song Jiajia sent several messages and he replied with one sentence.
Then he picked up his phone and left.
Before leaving, he told Yu Yue to confirm the redemption shares as soon as possible tomorrow and then take them to the trading room.
After getting in the car, he called Song Jiajia back.
"Senior, I'm sorry, I was busy at work and didn't see the call. Have you arrived in Jiangzhou now? I've already booked a seat, shall I come pick you up now?"
"Oh, you're at Jiutian Media, right? Okay, I'll be there in about 20 minutes."
After hanging up the phone, Li Yuan asked the driver to drive towards Jiutian Media.
After the car arrived at Jiutian Media, he walked out slowly.
I've been feeling a little better these past few days, and I don't have to grimace when I walk anymore.
Maybe there's enough buffer every night?
After all, although Jiang Yiling's buffer is not as big as Shu Yanlin's, he also has some talent.
Soon I met Song Jiajia.
She was wearing an apricot hooded cardigan and tight jeans.
Those long legs are so dazzling that it is hard to open your eyes.
It can be hung on the body as a school bag...
When Li Yuan came, she was sorting some documents.
"Senior, there's no need to sort out these documents, right? Just give them to someone else."
Song Jiajia looked up and said , "But I heard that you haven't found a suitable general manager yet."
“Already looking for it.”
Song Jiajia said: "In fact, there is no need to look for one. Jiutian Media does not have such a great demand for a general manager. Currently, all links are running smoothly."
"What are you talking about, Senior? No matter how good a car is, it still needs a driver, and the general manager is that driver. The reason why it's not a mess now is because Senior has been organizing it. If there is no general manager, the entire Jiutian Media will be in chaos in a few days."
"Am I...that important?"
Song Jiajia muttered to herself.
"It's important. In fact, the main reason why we haven't found a general manager is that I don't think any of them are suitable."
"Really? So you're holding up the Song shares placard today to keep me here?"
"Ah? No, the company changed its fund manager. I'm not very clear about this matter."
Song Jiajia: “…”
"But if you want to stay, I'd certainly welcome you."
As a result, Song Jiajia said stubbornly: "No, I want to go home for a blind date. I can't find a boyfriend here, and I will easily become a leftover woman."
When Li Yuan heard this, he immediately said, "Are you going on a blind date?"
"yes."
"Then I'll make a call."
"You...are you asking people to sell the Song shares?"
She didn't know that she couldn't sell the shares within a short period of time after raising the placard.
"No, my senior is going on a blind date and will probably get married soon. I won't be able to go there, so I'll just send her a wedding gift in advance."
Li Yuan hasn't looked for a new general manager yet because he wants to wait until Song Jiajia returns to avoid feeling uncomfortable after meeting her.
After all, he took her position, and others were paid, but she didn't even get paid.
Maybe Song Jiajia would not be so stingy, but he always has to consider this factor.
