Tao Liangchen
Chapter 644 Asian Sniper
Jiang Yu obviously wasn't one of them. While listening to Su Yehao rambling during the meal, she calmly said:
"You, your luck with money is really good. You can earn back so much money even after losing a lot. How much have you earned from our high school graduation until now? It's almost like a printing press."
As someone close to Su Yehao, Jiang Yu had witnessed his success all along.
Having seen even a listed company like Yanwenzi Group with a market value of over ten billion US dollars, she naturally didn't think it was a big deal that Su Yehao earned more than 700 million US dollars in just one week.
Habit becomes nature, and she had long grown numb to it.
Making money seemed so normal. On the contrary, the losses before the Spring Festival were particularly surprising.
Su Yehao wiped his mouth and said with a smile:
"What luck? This is skill, okay? I don't know how the market will be after it opens next week. Having so much money outside makes me a little nervous. Is there anything you want recently? Use my card to swipe it as you like, just consider it an early celebration."
After a brief consideration, Jiang Yu replied, "Forget it, there are fewer and fewer things I want to buy. I no longer have that kind of worldly desire, but Nangong asked me to go to Paris Fashion Week with her. I'll use your credit card at that time, and swipe until you cry. Are you going?"
"...That might be a bit difficult, unless you plan to buy the Eiffel Tower or the Louvre in Paris. If I have time, I'll go with you, but I'm very busy recently, so I can't say for sure."
Su Yehao got up and pinched Jiang Yu's cheek, then praised himself, saying:
"To think of using Yanwenzi Group's idle funds to invest, I'm simply a genius. This way, even if the market collapses, Yanwenzi Group will have good news to support it, and the stock price shouldn't be as bad as imagined. I'll be thankful if I can maintain a total market value of ten billion US dollars."
Hearing this, Jiang Yu began to pay attention, and said in surprise, "Wouldn't that mean it would fall by seven or eight billion US dollars?"
"I don't know. I can't even figure out whether this week's stock market decline is a real drop or a correction, but if the bubble bursts and the stock price of Yanwenzi Group returns to a reasonable level, the decline will definitely be terrifying."
It wasn't until he received a call early this morning that Su Yehao belatedly realized that the market trend had suddenly changed.
It would be too much to ask him to make an accurate judgment now.
Unlike the anticipated grand occasion.
The Nasdaq market this week seemed very calm, almost no different from other times. However, in just five trading days, the Nasdaq index fell by 9%. In his opinion, investors' confidence had been shaken, and next week's performance seemed quite critical.
From early this morning until now.
Su Yehao had read a lot of information and news. Even professional institutions couldn't grasp the market trend, only saying to be wary of risks, the expectation of decline was rising, and so on. However, there were also many messages clamoring to buy the dip and saying it was a normal correction.
Having more than one billion US dollars in the market, including principal and interest, inevitably made him feel anxious.
At this moment, he was happy and worried, fearing that the market would rebound next week, tormenting his mentality like riding a roller coaster.
...
At around eight in the morning, Linda Yun drove to Big Wave Bay.
She handed a thick stack of documents to Su Yehao, and told him:
"I went to the assistant's office just now. It's crazy busy there today. Many media outlets have sent you invitations, and even *The Wall Street Journal* has agreed to leave the front page of the newspaper for you. Also, Sister Zhuang Wei asked me to ask you if you want to take the opportunity to accept some interviews and release the news of your shorting. She said that such a big thing can't be hidden anyway, and the financial advisor also suggested taking advantage of the weekend to fan the flames. As one of the celebrities in Silicon Valley, as long as you show a firm bearish stance, you will definitely attract a group of supporters and hit market confidence."
The US stock market is different from the mainland. It is also very convenient for retail investors to short stocks. If Su Yehao jumps out and cheers for the short camp, he may have a chance to become a celebrity in the financial circle.
However, in this way, it is easy to offend the forces in Silicon Valley and Wall Street.
Su Yehao shook his head decisively and said:
"Forget it, the shot hits the bird that sticks its head out. It's better to make a fortune quietly. Even if people know that I'm shorting, it doesn't matter, but I want to take the initiative to jump out and attract the firepower of stockholders, bulls, venture capitalists, and Silicon Valley bosses. I'm worried that I'll end up earning money but not having a life to spend it. Fame doesn't matter to me. Reject all the interviews for me, and just say that I'm not feeling well and am recuperating."
After thinking about it, he continued:
"I won't show my face, but I can let Yanwenzi Group accept interviews with reporters. Tell the outside world that our company's financial situation is healthy, and we do hold a lot of Nasdaq short funds, the purpose is to hedge risks, etc. Find some public relations people to study it, and say whatever is beneficial to the company, but don't mention me."
Since discovering that the bubble was getting bigger and bigger, Yanwenzi Group had been working steadily from last year to the present, and had been preparing for the winter since it went public.
Due to insufficient advertising, it had even been robbed of some market share by peers such as America Online. The number of employees was also relatively streamlined. John Zhou from tvt was transferred to the parent company to serve as the chief operating officer. The main task was to live frugally.
The previous preparations were now finally coming into use. Based on Yanwenzi Group's expenses last year, the funds on the books were enough for it to lose money for another four or five years.
If the investment fund earned enough money by shorting, it could even support it for longer, and then merge some high-quality companies to strengthen itself.
After listening to him, Linda Yun joked, "Ah Hao, you're obviously so young, but your style of doing things is very stable. This caution is learned from your father, right? Actually, I also think it's not good to accept interviews at this time. Although there is a chance to make the stock market fall more, it is easy to offend others."
Jiang Yu also chimed in:
"Yeah, I see that others who do bad things and want to show off like to wait until things are calm before writing an autobiography and making a movie. If you jump out now, those stockholders and tech company bosses will definitely hate you to death. You won't even be able to go to the United States then. They have a tradition of shooting people in the back."
Su Yehao laughed and said, "Wow, that's really business-minded. After making a fortune silently, I can then reap a wave by selling books and movies, and then create an image of my brilliance and greatness, killing several birds with one stone."
"That's right, but don't mention that you went to Huang Da Xian to have your fortune told, otherwise it's like promoting him." Linda Yun quietly reminded him.
"I promised to give Huang Da Xian one or two million if I won the bet. You guys help me remember this. Give him the money next time I go to Casino, let's talk about it after the investment is over..."
Su Yehao took the documents upstairs and studied them again by himself.
He was not worried about the stock market crashing now, but he was very afraid that the Nasdaq would enter a slow bear market. If the stock market fell slowly, and then there was a wave of rebound from time to time, it would not only be torturous, but also cost a lot of money. After several interest rate hikes, the interest on margin lending was not low.
After the stock market fell this week, some people began to summarize the causes of the decline.
Looking around, it couldn't avoid the Nasdaq index outage on Monday of the US stock market, plus someone on the brokerage side bragged at a party, privately revealing that Su Yehao made a lot of money this week. The news quickly spread on Wall Street.
As everyone knows, Wall Street hides no secrets, and the news soon reached the ears of the media.
Naturally.
The news that Su Yehao was shorting like crazy was not concealed after all.
*The Wall Street Journal* failed to interview him about the interesting stories between him and Yanwenzi Group's finances, but after a serious investigation, it published the story of Su Yehao, the big short seller, on the front page of the newspaper this weekend.
Not only did it directly say that he earned at least 800 million US dollars this week, but it also called Su Yehao "the Asian sniper who personally lit the powder keg."
After receiving the news, Su Yehao almost gasped as he read this news, feeling like he was being roasted on fire.
To be honest.
He would rather not have this kind of "honor."
After thinking about it, he called Zheng Yongwen and asked him if he was willing to help take the blame.
Hearing that he had to take the blame, Zheng Yongwen planned to refuse at the first time, but after learning the cause and effect, he agreed to attend the press conference prepared by the public relations department.