Before Dong Qiangqiang could turn around, Duanmu's hand had already been stretched out.
But Qin Youbo just nodded to him politely, turned around and left without introducing himself or extending his hand.
"Is this beauty your classmate? She's very pretty. Why have I never heard of you before?" Duanmu stared at Qin Youbo's back and complained thoughtfully in a low voice, "You didn't introduce me just now. It's really... Hey, no, you didn’t want me to come in just now. Did you have something with her? Let me tell you right? I didn’t see it. You can still occupy the pot while eating. Old Dong, you are a talent. …”
"She and I are just casual acquaintances, not familiar at all." Dong Qiangqiang changed the subject angrily, "Besides, since you have a girlfriend, you don't need to meet other members of the opposite sex, so hurry up and continue."
"What's that? Don't you have a girlfriend? Oh, you are allowed to meet other members of the opposite sex after you have a girlfriend, but I am not allowed to meet him. Doesn't that make sense?" Duanmu asked nonchalantly.
"Xu! Xu! I don't have any problem with you marrying her." Dong Qiangqiang said while pushing him to his seat, "I'll introduce you to you as soon as I finish talking about the business."
"Where did you just talk?" Duanmu returned to his seat angrily, Qin Youbo's voice and smile still lingering in his mind. He reluctantly glanced in the direction of the water bar again, and only turned his head back when he saw nothing.
"You said that we lack the experience of investing big money, and that it is risky to short stocks directly. It is more suitable to choose American options that can be exercised at any time." Dong Qiangqiang's ability to summarize key points has increased with his extensive and intensive reading of various short-selling reports. And increasingly, "in this way, our capital utilization efficiency can also be improved, and we can also avoid the risk of a sudden rebound in the stock price in the short term after shorting the stock. It is relatively safer and more controllable for us."
"Well, that's a good summary." Duanmu nodded approvingly, "Our first step is to clarify the product, and then choose the right company. Different financial institutions will provide different put option products even for the same listed company. We mainly focus on option prices, exercise conditions and final expiration dates.”
"Do you have a general plan for which companies to invest in?" After asking, Dong Qiangqiang suddenly remembered the conversation that took place in Louis' office that day. "That day, Louis asked us how much money the fund had in total. I was stunned."
"Black Castle paid 500,000 to the account. Counting what you gave me before and what I have here, I can probably make up another 450,000 or so. The total is less than one million." Duanmu took another sip and put down his beer, "There is a saying in the stock market that 'you can't put all your eggs in one basket.' We definitely can't put all our money on one company, so I plan to buy 6 to 8 listed companies. Put options, diversified investments, of course there must be Vivendi here, the detailed list will be discussed after we return to Germany."
"Six to eight?" Dong Qiangqiang picked up the juice and worried, "Is it too much?"
"This is just a tentative number. In the end, we still have to make a decision based on the information we have. Investing in option products is most suitable for a start-up investment company like ours. Either you will lose all the money you paid for the options, or you will have to double it or even more." . Give it a try, and the bicycle will turn into a motorcycle." Duanmu smiled and took a sip of beer. "We also said during the last road show that we are not trying to do something that has never been done before. There are already many successful people on Wall Street. The company has given us a sample, and we can just copy it as long as we do the basic homework."
“I would like to add something that I have recently been inspired by from many short-selling cases on Wall Street, which is that many Wall Street investment funds eat two fishes. They publish short-selling reports on the front foot, make money from the increase in put options after the stock price falls, and buy the bottom on the back foot. Stocks that are smashed will eat up the money from future stock price rebounds." Dong Qiangqiang said, "We can also learn from this strategy."
"There is indeed a situation like what you said. If the company is really fine, the stock price will naturally rise back. But whether this rise will return to glory or bottom out requires us to do our homework first. In essence, what we do is still small The big thing is that we are not afraid of losing money on individual options. As long as 2 or 3 options double, we will be better off this year."
"I'm afraid it's easier said than done." Dong Qiangqiang couldn't help but sigh.
Duanmu put the beer bottle in his hand aside: "It must be easy to understand but hard to do. Whether you can do it well depends on personal efforts first and then on luck. You have already studied Vivendi's annual report and visited the company headquarters and Almost all of its waste treatment plants have also had conversations with the head of the investor relations department. Although the results are unsatisfactory, these are indispensable on-site research methods. Of course, although you have completed these tasks, But this is not enough. You still have to do a lot of things next. First of all, you need to attend as many industry conferences related to waste disposal and environmental protection as time allows, to get to know as many experts as possible, and talk to them. Get involved, even if you can't get along, at least make your industry knowledge richer. For example, Germany regularly holds conferences related to garbage recycling, some are free, and some require payment, it doesn't matter, the company can pay for it, as long as you You can gain something. You also need to use all available channels to contact current or former employees of Vivendi, and even communicate with government regulatory agencies in the field of waste disposal, and demonstrate the authenticity and operating performance of the company from multiple aspects. Collect as much valuable information as possible so that we can make decisions. If we want to short 6 to 8 companies, we must have at least 10 to 15 alternative problematic companies. Fortunately, from now to the end of the year There are still 8 months to go. Of course, these are just the second steps you have to take.”
Dong Qiangqiang listened very attentively, for fear of missing a word. After Duanmu finished speaking, he asked: "It shouldn't be difficult to attend industry conferences, but find the current and former employees of the other party and ask famous people. How should I do this? This is not as good as finding a garbage transportation company before. , at least you can use a search engine to find the address and contact number of the transportation company on the Internet. In this huge sea of people, looking for an employee of a designated company, I have no clue, I don’t know where to start.”
"Don't worry, I can draw a path for you, and I won't just talk without practicing." Duanmu picked up the meat on the plate and stuffed it into his mouth. "As the saying goes, cats have their own paths, and rats have their own paths. Look for it. People are indeed not your strong point, but you can pay professional people to do professional things."
"Professional people? Who does this professionally?" Dong Qiangqiang didn't understand.
"Of course we use private detectives to find people. Although it is expensive, we can ask for results. If the detective finds a former employee who is unwilling to communicate, we don't have to pay. The person who pays must be willing to communicate with us. . And outsourcing won’t take up your energy. You’re investigating your side, and we’ll wait until the detective finds the person.”
"Is this easy to find?" Dong Qiangqiang was very doubtful.
"Don't worry, there are employees everywhere who are dissatisfied with the company, especially those who are diligent and hard-working but are inexplicably laid off by the company. If you can find such people, you will definitely hear many unknown secrets."
While talking and laughing, several plates were cleared by Duanmu.
"Is this the skill you learned last time in the United States?" Dong Qiangqiang suddenly realized, "Wall Street still does this and that?"
"Hey, are you an outsider? This is all drizzle. Wall Street investment funds will also find someone to tell the fortune of the company's top executives before shorting a certain stock. There are also a lot of US dollar funds that hire Taiwanese Feng Shui masters to help decorate companies. Look at the feng shui of the office. If you don’t see it with your own eyes, you won’t believe it.”
"It sounds like a fantasy." Dong Qiangqiang heard this for the first time. "Do you still believe this or that?"
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"I believe it more than you and I. I have even seen a fund that posted the words 'Sometimes in life, you have to have it, and there is no time in life, don't force it.' It's posted in the CEO's office. I can only say that the world is full of wonders." Duanmu waved his hand, " Speaking of which, I have to tell you something. I made a decision when I saw this banner."
"What decision?"
"When you first told me about Vivendi's problem, I started paying attention to its stock price. At the beginning of April, Vivendi's stock price was still fluctuating around 45 euros per share. By the beginning of April, it was already 37 euros per share. , that is, the time when you found out that there may be problems with its accounts payable. I checked specifically and found that there is no negative information about it in the market. Only a few institutions analyzed that its media performance in the first quarter may shrink less than expected. . In order to avoid a long night and a lot of dreams, I bought some when the stock price rebounded to 40 euros/share without consulting you."
Dong Qiangqiang just took a sip of juice, and when he heard the words "I drank some", he almost sprayed the juice on Duanmu's face.
"Have you already bought it?" Dong Qiangqiang didn't expect Duanmu's hands to be so fast, "But I haven't finished all the research yet? How much did you buy?"
"I bought put options that expire in two years and have an exercise price of 30 euros per share. Each option is less than 2 euros." Duanmu admitted with a smile, without a trace of guilt on his face, "You continue to investigate yours. If more problems are found, we can pursue follow-up investments."
The option time was long enough, so Dong Qiangqiang breathed a sigh of relief: "In other words, the stock price must be 30 euros or lower to exercise the option?"
"Yes, the good news is that I bought it for 40 euros per share, and now the stock price has dropped to 35 euros per share. We have already made a profit, and you should thank me." Duanmu looked proud, "I believe that we will leave The day when we can exercise our power will not be too far away.”
Hearing the word "Fuying", Dong Qiangqiang's nerves relaxed a little: "Then... how much did you buy?"
Duanmu stretched out his right index finger.
"10,000?" Dong Qiangqiang asked.
Duanmu shook his head and whispered: "100,000."
Dong Qiangqiang felt his eyes go dark and almost fell off his chair.
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