Chapter 194 [Layout of the subprime mortgage crisis]
With the successful conclusion of the developer conference, Luo Sheng did not really give himself a long vacation, but temporarily pulled his energy from the two companies because there were more important things to deal with next.
2007 is approaching, and Luo Sheng can't wait anymore. Now he has reached the best opportunity to go out for mobile phones. If he waits any longer, he will have no chance to harvest.
On Wednesday afternoon, Luo Sheng’s office.
"Come in."
Luo Sheng responded and looked up.
Qin Weimu entered his office, stood in front of his desk, put down a stack of documents and materials held in his arms, and said, "This is the material you want."
Luo Sheng picked up the materials and opened the list. After watching silently for more than ten minutes, Qin Weimu naturally wrapped his hands in front of him and stared at the other party without saying a word.
Her posture looks really super informative...
However, Luo Sheng's attention was not on her at this time.
"Just these two companies, contact them as soon as possible. In addition, you can prepare and go to New York with me in a few days."
Luo Sheng took a pen and drew a checkmark on two lists on the materials, namely Paulson Hedge Fund and successor hedge funds, both of which are specialized in M&A arbitrage and event-driven investment.
Qin Weimu's beautiful eyes flashed and he couldn't help but say, "Go in person? Are you afraid of worrying about exposing the source of funds?"
Luo Sheng said: "Of course I won't go to trade in person. This is not my expertise. I just meet the heads of these two funds, that's all."
After hearing what he said, Qin Weimu's doubts quickly dissipated, and it was no problem to meet the heads of the two funds.
They cannot disclose their investors' information to the public. These hedge funds have a wide range of sources of funds. Once the information is leaked without the consent of investors, they don't have to hang out on Wall Street.
Because there will be no more investors, we will basically say goodbye to our careers forever.
Especially the more influential the big funds, like Paulson Hedge Fund, in Luo Sheng's previous life, the series of operations his head in the subprime mortgage crisis once surpassed financial tycoons like Soros.
Not an ordinary person himself.
Qin Weimu couldn't help but feel curious, looked at Luo Sheng and asked, "You should be able to tell me now, right? What do you want to short?"
Luo Sheng tilted his head and stared at the pretty face in his sight: "A financial storm that swept the world with North American subprime mortgage bonds is inevitable."
Hearing this, Qin Weimu couldn't help but be stunned for a while and said, "When did you start researching financial bonds?"
Luo Sheng smiled and said, "Can you do it secretly?"
Hearing this, Qin Weimu rolled his eyes and said thoughtfully after a while: "Since I have followed you, I have no longer paid much attention to the international financial market. I just occasionally read related news. After hearing what you said, I remembered that I read an article about finance in the first half of the year by foreign media. I was very shocked. Subprime mortgages in the United States are very crazy, banks are crazily lending, and even loans can be obtained in the name of pets."
Luo Sheng sighed: "Just as Bafite said, 'Fear when others are greedy, greedy when others are terrified'. When the market is collectively greedy and mad, the bankers on Wall Street are now messing with mortgage loans, credit default swaps (cds) on the other hand, and secretly get guaranteed debt certificates (cdos). They can sell anything for money, and make money no matter which end of the bet agreement, haha..."
...
According to Luo Sheng's decision, Qin Weimu began to sell Blue Star Technology's stock to cash out to reserve cash.
Currently, the current market value of the top ten listed technology companies in the world is:
Microsoft: $293.5 billion
Cisco: $166 billion
ibm: $149.7 billion
Blue Star: $134.9 billion
Google: $125.8 billion
Intel: US$117.5 billion
Samsung: $112.7 billion
Apple: $72.9 billion
Dell: $71.6 billion
Yahoo: $48.2 billion
In addition to the top ten listed technology giants in the global technology industry, there is another big technology giant Oracle that cannot be ignored. However, Oracle has not yet been listed, but its valuation has reached US$88.7 billion.
Since the third-quarter financial report was disclosed, Bluestar Technology's market value has risen again. Every time the financial report is released, it will usher in a strong increase. The annual report is about to be released. Luo Sheng will not doubt that it will definitely rise sharply once the annual report is disclosed, because he already knows the approximate revenue and profit data, but it is still under further audit.
But there is no time left for Luo Sheng.
In the next week, Luo Sheng, Qin Weimu and his offshore trust funds successively cashed out on a large scale.
First, Luo Sheng sold 1.59% of his shares on October 15, with a total of 21.78 million shares, cashing out $2.14 billion at a price of $98.47 per share.
Luo Sheng's shareholding in Blue Star Technology Group has also been reduced from 27.53% to 25.94%. As the founder and helmator of Blue Star Technology Group, the news of Luo Sheng's cashout this time immediately attracted huge attention from the market.
The next day, a spokesperson on behalf of Luo Sheng held an extraordinary press conference and explained to the outside world that the purpose of this cash out was to reorganize and optimize personal asset allocation, and to meet the sales limit ratio, the company's operations were healthy and healthy.
The subtext is: Don’t just see the wind and rain. The company is developing very well. My brother will not cash out and run away with his sister-in-law.
In fact, Luo Sheng really wants to cash out and leave the scene. In theory, he can throw it away all, because above Blue Star Technology Group, there is also a limited partnership enterprise with a limited partnership structure that holds 100% of Blue Star Technology Group. This limited partnership is equivalent to the parent company of Blue Star Technology Group, and the company will not be restricted by sales restrictions.
Everything is legal.
This explanation is a manifestation of responsibility for the market and the vast number of small and medium-sized investors, and does not cause much negative effects.
Gates is also constantly selling his own shares in Microsoft. Some outside investors generally understand it as asset diversification, and down-to-earth is to say that it is not put in a basket.
More professionally, it is called hedging.
Qin Weimu then sold all the shares of Blue Star Technology she personally held, cashing out $1.75 billion, and all the assets in the family-style offshore trust fund pool such as Luo Sheng, added up, and Qin Weimu's current total net worth has reached $1.8 billion.
Finally, she cashed out $3 billion in the offshore fund itself. When she bought it, she only made $1 billion, and it hit a 200% return rate in less than a year.
This is the largest amount of funds left since the listing of Blue Star Technology Group. Even Wall Street is paying attention to it. No one knows which shareholder sold it. With the huge $3 billion investment, Blue Star Technology's stock price finally fluctuated, and the market's emotional reaction suddenly rose.
At the opening of the market on October 14, affected by this sentiment, Bluestar Technology's stock continued to decline, with its after-hours trading market value falling to US$133.5 billion.
Some investors question whether there is any problem with Bluestar Technology Group?
It has to be said that the stock market is sensitive, especially large-scale funds quietly leaving the market.
The fluctuations in the company's stock price did not affect the operations of Blue Star Technology Group, and Luo Sheng did not explain it to the outside world. He only did one thing, just hold a meeting within the company to stabilize the management. He specially reminded him not to pay too much attention to the changes in the company's stock price, otherwise he would become a slave to profits.
As long as Luo Sheng is not panicked, there will be no one in the management.
Besides, Bluestar Technology is not short of money at all. It raised $7.5 billion in its second public offering last year, and now the company's total cash reserves have reached $12.6 billion, which is counted around the world. Even if the winter drops, the company has enough food to survive the winter.
This cash-out plan actually received US$6.2 billion after tax.
In mid-October, before the launch of the Azure release day, Luo Sheng took Qin Weimu and other teams to New York on a special plane and started the harvesting operation.
Chapter completed!