"Yes!
I have thought about it again in the past two days, I can do a little less put warrants, and I can also do some securities lending, I think the target can choose CSCO. ”Cui Mingda also put away his cheap smile, and began to talk about business with Xiao Bai seriously."
Well, I think your idea works.Let's just keep an eye on a stock, and it's not bad to make a profit.In this way, this time we will take out no more than 500 million US dollars at most, a small part of which will be used as put warrants, and most of it will be used for securities lending. ”Xiao Bai then talked to Cui Mingda about the details.The Nasdaq is only just beginning to fall, and there will be various shocks to follow, including a rebound.At present, the stock price of CSCO is around $58, and when its stock price rebounds to the $65 to $70 line, you can open a position immediately.After the two finished getting on, Xiao Bai called Jiang Youwei in and asked him to immediately transfer $500 million to the securities fund account.Nowadays, in securities markets around the world, there are varying degrees of correction in online technology stocks.Because the decline is not deep, the general view is that this is a technical correction, and there is still optimism about the market outlook.In fact, every rally now is an opportunity to escape.Investors who are prescient in the market will always be in the minority, and most of them will be swayed by emotions and still have illusions when the highs come.As a result, Nasdaq's internet technology stocks quickly ushered in a retaliatory rally after an initial decline.CSCO's stock price also went all the way up, crossing two important technical thresholds in a row, with $60 and $70 being trampled underfoot, reaching a maximum of $7,098.Cui Mingda invested only a small part of the money in the put warrants, but he received 75 million shares of CSCO through securities lending.These borrowed shares.Cui Mingda sold resolutely between $65 and $70, and sold out 75 million shares.This time, the average selling price of CSCO was $6,732, and countless funds entered the market to grab the rebound and became the receiver.In the following period, CSCO's stock price remained oscillating between $65 and $69, a short-lived process of about two weeks.It was also during this period that there was more and more talk about the Internet bubble in the world, and many well-known scholars changed their optimistic attitude and expressed concern.The news of the announcement of interest rate hikes and tightening credit in the United States was the last straw that broke the camel's back, and the Nasdaq index turned downward, and the stampede of funds began.How many of these hedge funds are heavily shorted, no one knows the exact data.But one thing is for sure, the continued short-selling behavior of institutions has contributed to the downward momentum."
Lao Cui, the operation cycle of short selling this time is about one year.I analyze that CSCO will eventually fall above $10, so let's cover it in the range of $11 to $15 per share, depending on the situation. ”Short selling is equivalent to borrowing stocks from various institutions to sell.Since it is borrowed, it will naturally have to be returned, and the borrowed stock to return the stock will eventually have to be bought back from the market.If you sell at a high price and buy back at a low price, the difference is a profit, and vice versa.So you can't read the wrong direction, don't say anything if the direction is wrong, stop the loss quickly when you get to the cordon, otherwise you will lose your underwear."
Okay, Dong Xiao, I'll keep an eye on it this year."
Cui Mingda didn't know how Xiao Bai calculated the price range of the backfill and the holding time.However, he was very smart not to ask, but to express his attitude very resolutely.During this time, Xiao Bai still stayed in the deep city most of the time.The financial investment of 500 million US dollars, more than much, no less, is not enough for him to be particularly interested.In fact, he has been arguing with Xu Changqing and others for so long about the pros and cons of launching the fifth production line.At this stage, AUO's IC manufacturing capacity has been fully released, and the company's technology level has also made great progress.According to Xu Changqing, at this stage, it should be precipitated to fully consolidate the company's fundamentals, and it is best not to be too aggressive.Xiao Bai seriously considered the suggestions of Xu Changqing and others, and decided to slow down this matter a little.On this day, Xiao Bai was in the office to handle official business, Wen Qin knocked on the door and walked in and said: "Xiao Dong, just now Zhang Yanming, director of Qingbei Microelectronics Institute, called, he will arrive in Shencheng by plane in the afternoon, and then he will come to visit you." ”Zhang Yanming's sudden arrival made Xiao Bai a little puzzled, if it was a normal communication activity, should he say hello in advance instead of calling before getting on the plane?
But this is all a trivial matter, Xiao Bai immediately said: "Xiaowen, you ask the Administration Department to send a car to the airport to pick up Director Zhang, and I will wait for him in the company in the afternoon." ”The relationship between Xiao Bai and Zhang Yanming has always been good, and some of the key equipment of the Institute of Microelectronics was donated by Xiao Bai.Over the years, the Institute of Microelectronics has also cultivated a lot of talents for Xiao Bai's Department of Times, and until now, AUO Microelectronics and AUO IC Manufacturing Company often send people to study at the Institute of Microelectronics.Afternoon.After Zhang Yan got off the plane, he took a car directly to the headquarters building."
Xiao Dong, I came in a hurry this time, and the itinerary was also decided at the last minute, please don't be surprised.I'll have a treat in the evening, so let's go out and have a few drinks. ”As soon as Zhang Yanming walked into Xiao Bai's office, he hurriedly explained a few words."
Director Zhang, you're welcome, aren't you?
Coming to me can still give you a treat?
Come, let's sit down and have a cup of tea first, and then we will go out to eat later. ”Xiao Bai smiled and waved his hand, signaling Zhang Yanming not to be polite, and then the two walked into the small reception room together."
Dong Xiao, I really can't help it when I come to you this time.Qingbei University will celebrate its 90th anniversary next year, and each department will have its own gift program.As you know, the funding of our microelectronics research institute has always been very tight, and we have to go outside to celebrate the school anniversary.Our microelectronics institute plans to build a high-standard laboratory, but no, the project is halfway through, and the funds are not enough. ”After Zhang Yanming sat down, he didn't say too many polite words, and directly explained the purpose of his coming, that is, to find Xiao Baihuayuan."
Director Zhang, how much is your current funding gap?
If you have anything, you can say it directly, and you don't have to hide it. ”If it was just the anniversary of Qingbei University, this matter would have little to do with Xiao Bai.After all, it's not his alma mater, and donating money has to have a name, right?
But Zhang Yanming came to him to make a fate, not in the name of the university at all, but in the name of the Qingbei Institute of Microelectronics.Xiao Bai couldn't help but think about it."
It's a shame to say that we're short of $3 million so far.Xiao Dong, you have always given us great help, if I were a friend, I would not trouble you. ”Zhang Yanming is really a little embarrassed, but next year's school will pay great attention to it, and if he does a bad project, I'm afraid it will be difficult to make a difference."
No problem, Director Zhang, I'll transfer this money to you when I go back."
Xiao Bai quickly weighed the pros and cons in his heart, and then agreed to Zhang Yanming's request with a smile, and he was ready to donate 3 million US dollars to Qingbei Microelectronics Research Institute in his personal name."
Thank you so much, Dong Xiao!
I didn't say it, where can you use my Lao Zhang in the future, I will never shirk the matter of a phone call. ”Zhang Yanming was actually ready to be rejected by Xiao Bai before he came, after all, it was more than 20 million RMB, which was not a small amount.But Xiao Bai agreed without saying a word, which moved him very much."
Director Zhang, the family doesn't speak two words.Since you're here, rest for two days, and I'll walk around with you tomorrow. ”Xiao Bai was still the same as usual, chatting with Zhang Yanming casually, and his attitude seemed very close.When the time came to five o'clock, Xiao Bai left the headquarters building with the other party.In the evening, of course, Xiao Bai had a treat, and invited Zhang Yanming to eat a seafood dinner.While drinking, Xiao Bai asked Zhang Yanming, does the school plan to raise the specifications of the Institute of Microelectronics?
Like upgrading to an academy?"
It is impossible to upgrade to a college now, and in two years the school may establish a special department, or the department of microelectronics and nanoelectronics."
Zhang Yanming also hopes to establish an integrated circuit college, but the establishment of a new college involves the investment of funds, the construction of faculty and hardware facilities, etc., and the key is to match the domestic industry.At present, the domestic investment in the integrated circuit industry is not large, and the talents required are not many for the time being, and the motivation for the establishment of the integrated circuit college is not so sufficient.Xiao Bai smiled and shook his head, that's what he asked, he was not qualified to interfere in the affairs of other schools.The next day.Xiao Bai transferred $3 million from his credit card to the Microelectronics Institute, in his personal name.Zhang Yanming didn't have time to stay in Shencheng at all, so he took a plane back to the capital that afternoon.Before leaving, he agreed with Xiao Bai that the next training quota could be expanded by ten, and in addition, he would introduce several graduate students who graduated from the Institute of Microelectronics to work in AUO Microelectronics or AUO IC manufacturing companies.In fact, for such a long time, Zhang Yanming has directly or indirectly sent a lot of talents to the Department of the Times, and even more people have been trained.Qingbei Microelectronics Institute is known as the "Whampoa Military Academy" in the field of integrated circuits in China, and for Xiao Bai, supporting the other party is actually supporting the development of the industry.The Ultimate Era is also a beneficiary.This was just a small episode, and after Zhang Yanming left, Xiao Bai left the matter behind.With the extension of the industrial chain of the era system, Xiao Bai has endless things to do all day long."
Xiao Dong, Yingsheng International Building has been fully completed.We're planning to do a completion ceremony, what are your instructions?
”In a hurry, Xie Peng called, and he told Xiao Bai a good news, the Yingsheng International Building in the capital has completed all the construction tasks and is about to be put into use.