legendary trader

Chapter 856 Chapter 857
In the final stage, Enron's share price began to fall from 0.92 million yuan.

It was okay in the initial stage of the callback, and there were not many sell orders, but when Enron's stock price fell below 0.88 yuan, everyone saw that there were no new buy orders in the market, and the rebound trend they expected in the late trading seemed to be Failed, followed by a large number of sell orders entering the market again.

Enron's stock price fell at an accelerated rate, and the selling reached its climax in the final stage. Enron's stock price finally closed at 0.811 yuan. Although it did not fall below the previous intraday low, it was not far from there.

From 5.46 yuan in the last trading day to 0.811 yuan in today's closing price, Enron fell by an astonishing 85% throughout the day, and the trading volume reached 1.6 million shares.

A large number of investors sold off their Enron stock in a pessimistic state, and they no longer wanted to hold it for a moment.

The stock market is a zero-sum game market. In their frenzied selling regardless of cost, some people naturally choose to enter the market to pick up bargains. Otherwise, they will only sell without buying, and how can the deal be reached.

But for those who bought Enron stock, although they don't know what their intentions are, but obviously, as ordinary people, they will be very sad tonight, or in other words, this weekend will be very sad.

There is no doubt that Enron is now in a besieged environment, and whether it can survive until the stock market opens next Monday is a question.

Because in the next two days, bad news about An Ran kept coming out, and none of them could make them feel at ease.

The new acquirer they were expecting did not appear. Although Kenneth and other Enron executives called almost all the bosses who could contact and have the strength to buy Enron, but at this time, no one would come out. Serve as this "white knight".

And when the time went back to the early hours of Saturday morning, there were thunderous cheers in the trading room of Oak Capital in Huaguo Imperial Capital. Their task was completed, and they would be able to get a two-month paid vacation, and by Monday at the latest, this The bonus of the first transaction will be transferred to their bank cards, so that they can have a very comfortable vacation trip.

By this time, Chen Fan had also made a rough estimate. The previously estimated profit was obviously not appropriate. Today's sharp drop in Enron's stock price has greatly increased their profit.

The result of the previous preliminary calculation is that the profit from this operation is about 20 billion yuan, but after recovering the 0.9 million shares at 2 yuan, Chen Fan estimates that the profit of this transaction will probably increase a lot.

Soon, Zhang Quan made a rough estimate of the transaction. The short 4 million shares of Enron stock brought them a profit of 24.57 billion yuan, and the securities lending interest they paid in nine months It is about 9 million yuan, and there is also a trading profit of more than 2.9 million yuan. This part is generated when the stock price of Enron is sold short. The approximate profit of this transaction should be around 1 billion yuan.

Chen Fan is still very satisfied with this transaction. After working hard for more than half a year, the money that can be put into his personal pocket is almost one billion, which is not much. Although it is much less than last year, this time is different, because This is money earned by shorting, not buying up.

Now for Chen Fan, buying short to make money seems to be more exciting than buying up to make money, because he needs his own vision, and the most important thing is that when he also finds short selling assets in this transaction, his ability can still be used. way of functioning.

Unlike the cheerful atmosphere here, the trading room at the headquarters of the Southern Investment Group in Guangdong City in the south is much quieter.

There are many people in the trading room, even Mr. Mu is here today, and he hurried over after Enron's stock price plunged at the opening.

Before, Southern Investment Group had thought of buying Enron, and even Mr. Mu had raised a sum of funds again, but they did not dare to make a move after Enron's hidden debts were revealed in succession.

In fact, these things were mentioned in the analysis report I saw before, but in the report they were just suspicions, and there were no real and definite cases.

However, everyone knew the situation afterward. With the continuous and precise blasting, the information about Enron's fraudulent accounting and concealment of debts was completely uncovered, and Xu Fei was even more afraid to do anything.

After Enron's stock price remained at around 5.5 yuan, Mr. Mu was still a little tempted, especially after confirming that Deneng Company would acquire Anron, Mr. Mu felt that this was an opportunity to make money.

However, after the news of the early trading of rice stocks, both Mr. Mu and Xu Fei were shocked into a cold sweat.

At this moment, the U.S. stock market has closed. Seeing the red price of Enron's stock price of 0.811 yuan on the TV screen in front of it, everyone in the trading room fell silent.

After a long time, Mr. Mu patted Xu Fei on the shoulder beside him and said, "You did a good job this time. If you hadn't refused to enter, we would have suffered a very heavy loss this time."

The crazy lightening action at 16 or 7 yuan seems to be still vivid in my memory, but the loss at that time is really beyond words now.

Afterwards, Mr. Mu glanced at the traders around before he smiled and said, "The company will consider your bonus for this transaction on Monday and will not treat you badly. Although the result this time is not satisfactory, your hard work will not be in vain. The failure this time is a matter of the company's decision-making, and has nothing to do with you, everyone should go back and rest first."

After the traders in the room walked out of the trading room one after another, Mr. Mu still said to the secretary next to him: "Continue to follow up on the news from Anran's side. The stock market must be finished, but there is still a chance to intervene in Anran's business." Yes, I am still very interested in Enron's share in the U.S. electricity market, and I hope to have the opportunity to participate in their reorganized enterprise, Xu Fei, what do you think?"

As he spoke, he turned his eyes towards Xu Fei.

Xu Fei nodded slightly, "Electricity is an important part of a country's energy, and it can be profitable stably. The problem with Enron is that they are developing too fast, and they will do anything to raise funds. In fact, they have ruined themselves."

Speaking of which, the topic changed, "I think Mr. Mu's decision to acquire Miguo Power's assets is not wrong. This is an industry that can generate stable profits and is worth investing in. Especially at this time, I think it is a good idea to intervene in Enron's bankruptcy reorganization. Great decision."

After listening to Xu Fei's words, Mr. Mu raised the corner of his mouth, then reached out and patted Xu Fei's shoulder lightly, before turning around and walking out the door.

In fact, Mr. Mu is very clear that Xu Fei seems to be flattering him, but it is also the truth. According to the current scale of Southern Investment Group, what they need most is to win projects that can make stable and sustainable profits, rather than aggressive investment. Go blog.

This is also the reason why he turned his attention to Enron. The world's top 5, who knew that it would look like a bird inside. It can only be said that there was a problem when choosing the target, and the decision was not wrong.

time and fate
This is what Mr. Mu is feeling now.

Throughout the weekend, not only the US media, but also major media around the world have reported on Enron's current situation, especially in the face of imminently due debts and huge new debts. In their analysis programs, Enron seems to have only Filing for bankruptcy is the way to go.

In Huaguo, it was also extremely shocking that a Fortune 5 company that was in a hurry last year collapsed rapidly in just one year when there was such a big commotion on the other side of the ocean.

Although the Enron turmoil has been going on for a long time, it was only in the last two months that they aroused a little bit of interest, after all, there was a lot of movement.

So following the trend of the times, of course they urgently produced a program to introduce the whole story of the Enron incident to domestic audiences in detail. Now this news has once again become one of the focuses of the public's attention.

However, at this time, it is naturally difficult to quickly collect information, but fortunately, they found a website that has been doing a column on the Enron incident, taking time as the context, and recording in detail the incidents surrounding the incident in the past year. The details of what happened in Enron Company exceeded their expectations.

Soon, Li Yihong, who was resting at home, received many calls from major TV stations and newspapers in Huaguo, and they wanted to get the right to use these materials from Chaofan Network Company.

Of course, ready-made things can also be used directly, but after they searched around the country, it seems that this is the only place where they can clearly and detailedly figure out the situation.

The main reason is that after analyzing the information in the column of the website, they found that many of the above news have not been reported, and they are all information that is only circulated in the US market, which is very serious.

If you use it directly, it is easy to be accused of copyright infringement, so you can call and mention the source of the information when reporting. It is not a big deal, but it can avoid troubles afterwards.

So those who have Li Yihong's phone number will naturally find him directly. In fact, Chaofan Network Company, like most companies, is not greedy for this kind of reprinting or using their website information for secondary creation, as long as the source is indicated. .

As a result, on weekends in China's media, whether it was TV or newspapers, there were free advertisements for the website of Chaofan Network Company. What happened to Enron's company.

It's not just the public who are paying attention to this matter. What kind of mistakes will cause a Fortune 5 company to fall quickly?
For those business owners, it is actually more important to figure out the reason.
What happened in Hua country is of course not worth mentioning to the United States, which claims to be the world's policeman. Although Hua country's economy is also very developed, it is still far behind the United States after all.

At around 10 o'clock on Sunday night, the top floor of Enron's headquarters building in Houston, USA was still brightly lit. As the president and CEO, Kenneth was still calling an emergency meeting of the company's top management to discuss tomorrow's work.

The atmosphere in the conference room was very depressing. After two days of work, everyone was actually desperate.

Yes, they were completely desperate. They contacted all the companies they could, and their trading requests were ruthlessly rejected.

This is the country of the United States. When Enron is operating normally, they will show greedy eyes and constantly want to carry out various cooperations. They just want to find opportunities to take down Enron.

But at this point, Enron couldn't find a company willing to take him in.

"People from Citigroup and Morgan, as well as other banks, called today to ask about the loan repayment."

Chief Financial Officer Ke Sai said at this time.

"Don't say such things again"

Speaking of this, Kenneth couldn't help showing a wry smile on his face, and he didn't know if there would be a future. This is his current state of mind, and it seems that everything is hopeless.

"Is there anything else you can do? As long as we can survive this hurdle, our company is still very strong, but the short-term lack of liquidity has caused some problems."

Kenneth looked at the others and asked.

But then he was disappointed, and everyone bowed their heads silently.

Under Enron's current situation, the only way for the company to get through this hurdle safely is to get money, and if it gets money, it can survive, but where to get money at this time?
Forget about issuing bonds, the financial market will not accept any company discovering junk bonds.

Loans are even more impossible. Bankers in the United States should not be said to be pissed by all bankers in the world. They only open umbrellas on sunny days and put them away on rainy days, so they don’t care about your life or death.

As for the sale of assets, there are still a few hours before the due debt of 6 million yuan that needs to be paid immediately. Where can I find a buyer to complete the transaction, and what asset is the transaction?
"Is there no way at all?" Kenneth looked around at all the people in the meeting room again, and said with a little disappointment.

It was still quiet, no one spoke.

The current Enron Company is like a ship that has lost its power. It is really attracted by the vortex. Everyone can only stand on the ship and wait until the ship is sucked in. They have no chance to jump out of the ship and escape.

"If... I said, if everything is irretrievable, then tomorrow morning, we will go to the District Court to file for bankruptcy. This is the only hope now. The only way is to apply for bankruptcy protection, and maybe we have a chance to gamble again. "

At this time, Clifford Baxter, the vice president of Enron, said helplessly.

After "bankruptcy" appeared once, everyone's last tense nerve finally broke.

Although they were very aware of the company's current situation before, as veterans who had worked for Enron for many years, they still avoided this word all the time.

However, at this moment, after the vice president of the company uttered the word they were least willing to hear, finally, their last pride and hope were completely gone.

Kenneth frowned slightly, and after looking at the crowd who seemed to have been drained of all their strength in an instant, he only sighed slightly in his heart.

There is really no other way. Fortunately, I have prepared a lot. As long as I can get rid of the endless lawsuits, I can still continue to enjoy the life of a rich man.

Kenneth glanced at Kesai, and finally said: "That's it, and apply for bankruptcy protection in the district court on Monday."

(End of this chapter)