＜ Bubble. (1) >
The hedge fund’s secretariat.
widely-
“The newspaper editors do a good job. If this is the case, individual investors can understand it at once.”
As I read the proofreads sent from the headquarters of the Wall Street Journal, I was amazed at the fluent handwriting of the newspapers.
The technical terms that economics and accounting majors filled in on the existing short selling reports were replaced with easy terms or analogies that ordinary people could understand.
If this is the case, individual investors on the New York Stock Exchange will also be able to read and understand the report.
“Ah, but when you distribute the report to the press, you should also attach the professional short selling report and distribute it. Even among individual investors, there are some majors who majored in economics or accounting.”
Needless to say, you can’t prove accounting fraud by sending out only those for individual investors who don’t even have a summary.
In order to prove accounting fraud to the public, it is also necessary to attach a draft of short selling, that is, evidence that is covered in jargon.
Most individual investors will not read it, but some majors will.
“Economics majors have to prove accounting fraud to individual investors.”
“Yeah, let’s use them for viral marketing. Even if the Wall Street Journal speaks up a hundred thousand times, individual investors will trust and follow the words of their acquaintances.”
“By the way, when are you going to expose the short selling report?”
Veyron, who had been silently listening, slowly approached and asked a question.
“Short selling reports are distributed after the market closes on Saturday. I plan to distribute it through the Wall Street Journal, New York Times, Washington Post, New York Tribune, etc. on a Saturday evening evening. Sunday is a day off.”
“A major disaster has occurred, but the stock market is closed … shock and horror.”
During this time, the New York Stock Exchange also operated the stock market on Saturday.
It’s a billion dollar scam.
If the short sale report was distributed on Saturday evening, it would have been on fire from the morning of the next day, Sunday.
The railroad company’s obscene media and individual investors will spit blood and stonk the hedge fund for stock price manipulation, or incitement to a crash.
This novel was posted at https://noblemtl.com
Of course, the railroad media outlets will pour oil into the burning public sentiment with their backs and private investors.
“When individual investors panic, they offer a helping hand. The news of the sale of the public offering fund for short sale is put in the morning newspaper on Sunday and distributed 4 hours later than usual. After the atmosphere of fear has been sufficiently developed.”
“By the way, Morgan, do individual investors really buy public offering funds for short sale?”
“Is there no choice but to compensate for the damage of the plunging ground?”
I smiled bitterly.
“Vyron, what is the process for short selling? Oh, you are talking about short selling without borrowing.”
“If it is a short sale without borrowings… Isn’t it not selling stocks that are not available to the buyer in advance? I know that this is one of the reasons individual investors hate short selling.”
The reason individual investors dislike short selling without leverage is simple.
‘Cause I’m selling what I don’t have
Literally, a method of selling stocks that are not at a high price to make up for the low price later when the price goes down.
If the price goes up, it’s a disaster, but if the price goes down, the profit is all ours.
“It would look like a scam. However, the conditions are tighter than expected for short selling without borrowings.”
“We need a buyer.”
Veyron slowly started to open his bent waist.
“Wait. As soon as we contact the buyer to conclude a short sale contract without borrowing, isn’t it unconditional that we are betting on a falling stock price?”
“That’s right, if the New York Stock Exchange thinks that the price of rail stocks will drop, I will never make a short sale contract.”
If there is no one to make a short sale contract, of course, you cannot short sell. We have a $25 million fund.
If you sign a contract with 3 times the leverage, the process is complicated, but you should think about signing a contract worth about $75 million.
Even if you sell stocks you don’t have, you can’t scratch indefinitely because you need collateral that you can buy them later.
‘But what if you just throw a $75 million sell order into the market without any preparation?’
The New York Stock Exchange may go to hell as the bid price disappears. You will make money, but if the New York Stock Exchange flies, the future will fly with you.
Wouldn’t it be difficult to live in the United States, suffering death threats every day for allegations of market disturbance comparable to corporate hunter Jay Gould?
’75 million dollars is 2.25 trillion won in Hyundai Hanwha. It’s a huge sum.’
“So we build a buying mood until the stock market on Saturday.”
“!”
“First, let’s borrow the name of JP Morgan Bank and raise the railroad prices.”
Veyron jumped up.
“……Are you thinking of making short-selling contracts without borrowings with railway companies?”
“Railroad companies, especially railway tycoons, are hungry for stakes. JP Morgan Bank took all the voting rights, but where in the world is there anyone who can quietly say ‘Yes, take it’.”
“If we make a short sale without borrowings, we are obligated to bring in the amount of stock we contracted.”
“Will the railroad tycoons not eat this rice cake? We should take this opportunity to steal their money. Because this short selling war will be a battle of who can spend the other person’s cash faster.”
I will never ask
And they have to get rid of their bullets, cash, as much as possible. Winning or losing the short selling war ultimately depends on cash mobilization.
“Call the Wall Street Journal (WSJ) right now and tell them the entire conversation, and ask JP Morgan Bank to provide material for good news. Now that James is at JP Morgan Bank, I will hand over all the materials.”
“Yes. When is it appropriate to make a non-borrowing short sale offer to railroad companies?”
“Take the data provided by JP Morgan Bank, divide it into steps 1, 2, and 3, and send out the weakest articles in order. Make a deal with the railroads after step 3 is out.”
“I will pass it on.”
“Ah, and even after releasing the first stage, let’s try some luck.”
“Has confirmed.”
Veyron quickly jotted down my instructions on a notepad, then immediately picked up the receiver and connected it to JP Morgan Bank.
“Oh, and Veyron.”
“Yes.”
“For the time being, remove the name ‘Morgan’ from my business cards or external materials.”
“Yes?”
creak-
I leaned back on the leather chair.
“That way your opponent won’t be vigilant.”
***
New York Stock Exchange.
before opening.
Thousands of investors were gathering in front of the white neoclassical stone building on Wall Street.
They were carrying the Wall Street Journal morning papers one by one on their shoulders.
“Are there any news today?”
🥳-
Investors opened the Wall Street Journal morning, starting with the Dow Jones Transportation Index (DJTA) and the Dow Jones Industrial Index (DJIA).
-0.4%
-0.6%
“Ttt, the railroad owners are not using their power since the fort.”
“Nowadays, isn’t it a railroad owner who has been harpooning since the panic of 1893? If you want to make money too, you better get out of the railroad state.”
“Shh, if you don’t watch your mouth, you might get lynched. Don’t you know how cruel the railroad bastards are?”
But 50% of the New York Stock Exchange is rail stocks, so what if you don’t invest in rail stocks?
Most of the blue-chip stocks were railway stocks.
Investors are starting to argue about the upcoming trend of the New York Stock Exchange.
“You don’t even know how to trade a Kaiser? It has been falling steadily, so today is the time to soar up like a flame in the shape of a W with the magical energy of the Kaiser mustache!”
“The Kaiser mustache is a horn. Isn’t that the long tail of a herbivorous dinosaur? The downward trend will continue for a while.”
“These crazy cults. Be technically approachable technically! Since there has been no separation, it is clear that momentum is on a downward trend for the time being!”
Investors have been arguing about the stock price graph, but the Dow Jones doesn’t lie.
As investors were disappointed with yesterday’s index, which fell as expected, a man shouted.
“Page 3! See page 3 of the morning news!”
“Page 3?”
🥳-
Investors quickly flipped through three pages at the man’s shout.
[JP Morgan Bank is considering financial support to railway companies that have secured voting rights.]
“…!”
Investors forgot the chilly cold of February and started reading the article frantically.
The front door of the New York Stock Exchange, which had been buzzing, became silent as if covered in cold water.
But there was a fire burning in the eyes of investors.
“The railroad companies that are considering support are New York Central Railroad, Erie Railroad…”
“Hey, there’s a newsboy! Give me a copy of the Wall Street Journal!”
“Two cents!”
The quiet front door of the New York Stock Exchange caught on fire as soon as the investors who had read the article began to open their mouths one by one.
“The primary target of review is New York Central Railroad, Erie Railroad, Northern Pacific Railroad, and Great Northern Railroad.”
“Aren’t they all railway companies with voting rights at JP Morgan Bank?”
“It seems that JP Morgan Bank, which has been using porridge, has made up its mind.”
“Then, is it fire today?”
Stop.
Investors stopped moving at the murmur of one investor. Soon, investors began to stare intently at the front gates of the New York Stock Exchange, scattering their lives like wildcats preying on their prey.
‘I have to go in first.’
‘Buy cheap!’
However, the corner of the front door of the New York Stock Exchange looked at such investors pathetic.
“Ttt, it’s a review, it’s a review. There are a lot of politicians who only talk about review and trust, but JP Morgan Bank has also become a politician’s nest.”
Investors hitting the tuk-tuk newspaper.
“Since the panic of 1893, railroads have already gone to goal, will they survive with some support? I think I’ve just used what I’m holding out as a good stock right now. I don’t know if I even committed accounting fraud.”
Investors with sober insight into reality.
“Anyway, a railroad network of nearly 60,000 km has been built all over the United States, but the railroad stock is going up? Railroads cannot expand. I have to liquidate this opportunity.”
Those who are skeptical of the railroad industry.
However, everyone was in agreement that railroad stocks would rise today.
The camp where the front door of the New York Stock Exchange was on fire and the camp that had cooled down coexisted, and in the midst of a fierce debate wielding the Wall Street Journal.
“I will open.”
The New York Stock Exchange opened.
***
New York Central Railroad’s boardroom.
car-
A man was looking down at the front door of the New York Stock Exchange through the blinds, holding a pocket watch.
“Soon… 9:00 a.m.”
Click-
As the pocket watch indicated the opening time, the crowd gathered in front of the New York Stock Exchange was rushing into the stock exchange in a frenzy.
Board members frowned at the noise of the crowd filling Wall Street.
“Like hyenas.”
“Ttt, what kind of ugliness is that without culture. They do all the disgrace to America.”
“There is nothing you can do about it. They are poor people who do not even have access to the culture of the upper classes. We have to understand.”
Laughter spread across the boardroom.
The man, who was looking at the front door of the New York Stock Exchange through the blinds, withdrew his hand.
🥳-
As he threw the Wall Street Journal morning on the boardroom desk, silence fell in the boardroom.
“The Wall Street Journal morning page three.”
At the words of the company, the directors of the board of directors quickly turned through the morning of the Wall Street Journal and found page 3.
“According to an article in the Wall Street Journal, he secretly called reporters into the press room of JPMorgan Bank and held a press conference.”
The man began to slowly walk around the boardroom with his back.
“The New York Times, New York Tribune, Washington Post, Wall Street Journal, New York World, New York Journal, etc. It is said that a lot of reporters attended the press conference.”
widely.
The man’s footsteps stopped.
“But why didn’t you know?”
The man’s words became cold daggers and pierced the directors’ hearts. The directors threw their faces to the floor at once.
A suffocating silence fell in the conference room.
“Well, it’s not important right now, so let’s move on. So, have you checked with JP Morgan Bank? Treasurer.”
“J.P. Morgan Bank is repeating like a parrot that it is considering support for the New York Central Railroad. However, we have confirmed that it has been included as the primary support target.”
“Hmm.”
The man was in agony at the tense finance director’s remarks and touched his chin.
“Actually, I got a call from a fund called a ‘hedge fund’ to my office asking if they were thinking of making a short sale contract without borrowing.”
“How big is it?”
“Seven million dollars.”
“…!”
“It was pretty loud.”
At the words of the man, the board room heated up once again. I bet that the company I worked for went bankrupt, but none of the employees liked it.
But the man shrugged.
“Such ignorant children!!!”
“Are you betting money on the collapse of the New York Central Railroad, which grips the New York Corridor? How ignorant of the railroad industry would you bet 7 million dollars on that a good railroad company like us would go out of business!”
“That’s why you shouldn’t bring ignorant bastards to Wall Street! Thunder-naked bastards who don’t even know my subject!”
“It’s disappointing that he even offered that short sale deal directly to us. Did your parents teach you manners? No, I doubt it even exists.”
At the hedge fund’s atrocities, New York Central’s directors went mad and vomited their anger.
As the overheated atmosphere slowly began to swear by primary colors, the man opened his mouth with an expressionless face.
“But I am willing to accept their offer.”
“Yes?!”
The directors of New York Central opened their mouths.
What did they hear now?
“Treasurer, do you know what the biggest problem with New York Central Railroad is?”
“Hey, isn’t it that the voting rights of the New York Central Railroad have been transferred to JP Morgan Bank?”
“It was half right. But the fundamental problem lies in weak governance.”
The man leaned back again.
“Treasury stock in a railroad company, a stake in the Vanderbilt family, a stake in JP Morgan Bank. and stocks traded on the New York Stock Exchange. But you cannot buy stocks that trade on the New York Stock Exchange.”
“The moment we intervene in the New York Stock Exchange, the price will skyrocket.”
“Right. The damage is too great…”
The insider smiled bitterly as he recalled the no-borrow short sale contract proposed by the hedge fund.
Did I say that words are different and different?
That was right.
“Short selling without borrowing. If you listen to what you say, they are the masterpieces of foals who have invested in ruining our company. But if you think about it the other way around, it can also be viewed as a block deal.”
“……!”
“The hedge fund even offered a bait condition to sell it at a 10% discount from the market price. A whopping 10%.”
“This is the best opportunity to get a stake!”
The atmosphere in the board room brightened at once.
The directors of New York Central are all the men’s henchmen. It was fighting against a foreign power called JP Morgan Bank.
But it’s a golden opportunity to secure a stake.
“But, Chairman Vanderbilt, what happens if a hedge fund defaults on short-sell without leverage? Then you can’t get a share.”
“Then we will have to pay a huge penalty, so it’s good for us. It would be possible to transfuse huge amounts of cash. Wouldn’t it be the best opportunity to solve your financial problems?”
“! okay.”
The directors of New York Central were tongue-in-cheek at the sophistication of the man.
Each of them examined the pros and cons of their respective fields one by one, but they did not find any particular flaws. Just some Wall Street idiot handed me a gift box.
Everyone’s attention was focused on the man.
“This way, that way. In the end, it’s a deal we win.”
In-house, Vanderbilt, chairman of the New York Central Board of Directors, curled up.
“Unless there is a dramatic fall in the stock price due to a major accident.”
***
that time
“I asked.”
f*ck.
Morgan, who leaked the information to New York Central, was watching the situation leisurely.
＜ Bubble. (1) > end
