legendary trader

827 Chapter 828 retreat

The problem is serious because no one is buying it.

Yes, this is the logic of a businessman.

If the commodity can be sold, that is a good thing. Enron is a blue-chip listed company. Now the stock price has fallen so much, but the stock price is still falling continuously. There are only selling orders but no buying orders. This does not explain the problem ?
"How much Enron stock do we own?"

Mr. Mu's gaze remained unchanged, staring at the computer screen all the time, but he asked.

“2千3百万股，均价47元8，使用资金11亿多米元。”

The young man with glasses on the side replied hastily that these data have always been remembered in his mind, so he just opened his mouth.

"You are also aware of the rumors about Enron. Do you think there is still room for the stock price to fall if Enron makes false accounts?"

Mr. Mu continued to ask at this time.

The man in glasses was stunned by this question, how to answer, he didn't know the specific situation of Enron Company.

After deliberating for a while, the young man with glasses said: "We don't know much about Enron Company, but we only know that it is a company mainly engaged in electricity production. It should be said that the performance is still guaranteed, but in terms of the current stock price trend, it is very Bad, either being attacked by an influential and powerful organization, or the company's internal problems are serious.

With the urgency of the people on Wall Street, if Enron was really valuable, the bills would have been flying all over the board by now. "

"You don't like it?"

Mr. Mu still asked in emotionless language.

"It's more bearish, because there are too many selling orders on the market, and it doesn't look like a situation where funds are entering the market to attract money."

The young man with glasses replied immediately.

"What was the situation when it rebounded before? Do you think it is possible to pull back and make a double bottom before funds enter the market again?"

Mr. Mu still doesn't seem to give up, and he still thinks that a public utility company like Enron can go bankrupt no matter how bad the situation is.

As for the so-called financial cost of the market rumors, based on what he has learned from the listed companies he has contacted, everyone actually has more or less problems, not to mention the elder brother, both of them are similar.

Therefore, at the beginning, when rumors of Enron's financial fraud spread in the market, he didn't take it seriously at all.

However, after Enron's stock price plummeted, in his mind, even if there were some financial flaws, such a decline was enough to offset the impact, so he supported mobilizing funds to increase the position of Enron shares again, and even he was considering continuing to buy them. Strive to hold more than 5% of Enron's total shares.

Although the current 3% shareholding, the board of directors seats can still be won. After all, Enron's equity is scattered. Southern Investment Group is already a force that cannot be underestimated in Enron's market, but he still wants to be more on the safe side.

But after sitting here for an hour today, seeing the weakness of the market with his own eyes, he really felt guilty.

No one's money came from a strong wind, not to mention that the funds invested in Enron's stock have reached 50 billion, which is already a considerable investment, accounting for almost 5% of the total assets of the group company.

Moreover, the group company has recently experienced problems with its capital turnover. The 5 million yuan of funds was raised from many subsidiaries, more than 20 billion yuan, and there is no room for mistakes.

"Do you think we should reduce our positions now? Or wait until Enron's stock price falls to its previous low?"

Mr. Mu has been broken now, and he couldn't feel it through the phone or oral reports before. Sitting here in person and seeing the stock price slump, this feeling is completely different from listening to the report in the boss's chair in the office.

"Appropriately reduce positions."

The young man with glasses said without too much hesitation, although there may indeed be a possibility of a double bottom, but this decline is accompanied by strong and continuous selling orders, which is very telling.

Of course, he didn't think that Enron would have any big troubles, big troubles enough to cause the company to collapse, and the choice to reduce its positions now was just to prepare funds for raising funds at a lower price in the future.

In history, there is no stock that only rises but does not fall. They all rise and fall. As long as the value center keeps rising, Enron's industry characteristics determine that it is impossible for it to collapse, that is, the stock price encounters temporary setbacks. It seems scary to fall, but once the fall is in place, the retaliatory rise is also very powerful.

Maybe you sold the stock in your hand because of the fear caused by the weakening of the stock price. Although you set various goals for yourself when you bought it, many ideas will change after you buy it.

When the stock price does not go as you hoped, fear will take over your mind, and finally you will forget all the reasons for buying the stock before.

In fact, maybe these reasons for buying are all valid, but the market is temporarily blind.

This is the reason why many hedge funds exist. They believe that the market is ineffective and cannot accurately reflect the market value. There are cases of exaggeration or depreciation, which also leads to overvaluation or undervaluation of stock prices.

It wasn't until a long time later that when you paid attention to this stock again, you were surprised to find that maybe what you sold was the floor price, and the market was hyping according to your previous reasons for buying the stock.

Of course, this does not mean that your original decision was wrong, at least the stock price will fall to a lower position after you sell, unless you are really lucky and sell directly at the lowest price to create a big bottom.

Isn't that what the stock market is like?

Fall and rise, rise and fall.

As long as the company exists and its development continues to be good, there will be a rainbow after the horrible trend.

Of course, the premise is that there is no problem with your funds, such as borrowing money to speculate in stocks or using leverage.

Borrowing for stocks will increase the cost of capital, and leverage will have the risk of liquidation. You must know that compared with futures or other things, if the funds are all your own, there is no possibility of liquidation at all, but once you use leverage, it is hard to say. Yes, maybe the dealer just washes the dishes until you are out of the game.

Mr. Mu remained silent for a long time. Enron's stock price was close to 28 yuan, and the market was still dominated by selling orders. Enron's stock price inevitably continued to fall slowly.

"Lets see."

Although this feeling is very bad, he still chooses to wait and see instead of starting to lighten his position now. The current price is not far from the previous low.

The young man with glasses also guessed that Mr. Mu might still be expecting a miracle at 24 meters yuan, although he is not optimistic, of course, he is not sure that it will not happen.

Not long after Mr. Mu continued to watch, he left the trading room first. He really didn't want to continue watching, so he just asked the young man with glasses to call him if there was a situation.

Afterwards, Enron's stock price trend did not improve much, but when the stock price fell to around 27 yuan, the rate of decline began to slow down, and the stock price began to fluctuate sideways after a slight rebound, although the market was still weak.

In the eyes of young people with early glasses, the trend at this time is obviously made deliberately by funds. A lot of buy orders are put up in the next gear, and then slowly eaten away. Buying orders attracts funds to enter the market and place orders, giving the outside world the illusion that funds are entering the market to attract funds.

Perhaps because the stock price has fallen a lot today, this kind of operation seems to have attracted some funds to participate.

It's not surprising when you think about it. Although several technical support levels have been broken, if Enron's stock price can successfully build a bottom near 27 yuan, it will be related to the previous low of 24 yuan. Someone will choose to come in and gamble.

In the end, when the market closed on Thursday, Enron's stock price closed at 27.53 yuan, because it rose slightly in late trading. However, for the narrowing of the decline, the pull-up strength at this point is not enough.

Enron's stock price still fell 1.58 yuan throughout the day, a drop of 5.43%, and the trading volume continued to shrink.

However, such a daily drop of 1 or 2 renminbi has already made the market reach its tolerance limit. The intraday small and medium-sized sales orders have obviously increased compared with the previous few trading days.

Although he successfully delayed another day, Chen Fan also learned from Zhang Quan that on Friday, that is, the next trading day, there must be a result on whether to issue an investigation order against Enron Company, but he does not know that Enron Company How is the public relations team looking for, and can you suppress this matter.

Of course, Enron hopes to suppress this investigation and prevent it from fermenting. If this matter continues to ferment, it will only lead to a bigger scandal.

Enron's public relations department has also noticed the earliest incidents that were first fermented in online forums, but the company really has no way to put pressure on those websites.

After the media followed up, it was even more difficult to suppress such news. Although Enron had a great reputation, its influence was still a bit weak, and there was no way to deal with those media with a strong background.

Now that the trouble has come to the government, and relying on their good cooperation with relevant departments, Enron feels that this public relations should be successful.

Those who have the same expectations as them are those institutional investors who are eager to get out of the market. Of course, they can't spend resources to help Enron out of trouble, but it is enough to delay Enron's response, not to mention that they have already done the worst. Plan, so the pace of shipments has been accelerated in the past two days.

All of this will be finally answered tomorrow, Friday.

At this time, in the office of the president of Enron, Kenneth was on the phone with Jeffrey, who had already arrived in Peanutton, to learn more about the current situation.

"Yes, I have already met with several committee members. The situation is not very optimistic. Although they promised to help, there are still a few committee members that I cannot contact."

Jeffrey said on the phone.

"Can you talk to that person for help?"

Kenneth frowned and thought before he said: "In the past year, too many things have come together, and I feel something is wrong. Maybe that person knows something?"

"Ok?"

Jeffrey was obviously stunned for a moment, and then quickly recalled what happened in the past year or so. From the failure of the company's several fundraising activities at the end of last year to the rumors flying all over the sky, the pressure could not be suppressed. Now that I think about it carefully, it seems that this There is really a pair of invisible hands behind everything, or it is just a coincidence.

In fact, the company's operations are still normal now, but the cash flow is too tight, and the debts that are about to mature also need to be dealt with.

In the final analysis, it was caused by the failure of last year's fundraising activities. Now the company's funds are extremely tight. If there is a capital injection, it is a pity that the government asked for help before but was rejected.

Indeed, it is impossible for the government to come up with money to help them for no reason.

However, other than that, they have nothing else to do for the time being. Many banks they contacted before have already refused to increase the credit line for them now, and the previous line has been used up.

Their refusal was apparently also due to those damn rumors.

It's useless to think about it now, Jeffrey was reminded by Kenneth, and finally thought of something.

"I see, I will contact you as soon as possible, hoping to get help."

Kenneth put away the phone, and stood on the window sill silently, looking at the bustling city in the distance.

Here, I have created a miracle with my own hands, but it seems like a bunch of fireworks, after all, it is short-lived, although it is very gorgeous.

He took out the mobile phone in his pocket again, pulled out a phone number and dialed it. As soon as the call was connected, he said, "Throw away the stocks in your hand as soon as possible, transfer the money to a Swiss bank, and keep it secret."

After quickly finishing his words, Kenneth put away the phone without waiting for the other party to speak. He already knew from the familiar breathing sound that the other party understood what he meant.

He already had a premonition of this hurdle, and it seemed that it was difficult for Enron to get over it.

Although he sold a large number of stocks last year and cashed out a large amount of money, the money was used to purchase assets. At this time, he has no way to dispose of it, so he can only keep it there.

Fortunately, I used other means to transfer some stocks before, and now I can only sell them to cash out, because I want to leave a way out for myself.

Let's use those assets on the bright side to fight the lawsuit, so as to make those vampires cheaper.

During this brief phone conversation with Jeffrey, Kenneth still lost faith in the White House.

Although Jeffrey was asked to contact him in the past, it would be a ghost if that person didn't know about An Ran.

And from the conversation with Jeffrey just now, he has realized that that person doesn't seem to have contacted him actively, which means that maybe he and them have been abandoned.

Now Kenneth has already begun to prepare for the way out. Not only does he need to transfer assets, but he also needs to consider which gold-medal lawyer he should find to be his lawyer to help him deal with a lot of annoying lawsuits in the future.

York City in the United States is a paradise, the city with the highest concentration of wealthy people in the United States. Of course, there are a lot of people serving them here, and they are all the top group in all walks of life, all of them are elites.

Of course, as long as you have money, anything is fine.

(End of this chapter)