Chapter 612： I can only bite the bullet and be cut

Which one is better to spend money on world time management? 612, can only bite the bullet and be cut. At five o'clock in the morning, the US stock market is finally closed.

Today's Mork Pharmaceuticals stock price has taken green light all the way and dropped a lot of feathers. Retail investors who can't stand up and those who have leveraged too high have suffered huge losses.

Only those stocks that are stable and have not yet sold their hands. These people are still betting that Eric's report is false this time.

Once the bet is right, then after Mork Pharmaceuticals releases a clarification statement, then everything is okay.

Even, some people are still seeking wealth and wealth. Just like the "needle company", they built a low price and bought a lot of stocks.

In the end, today’s closing price was US$172.4, a single-day drop of 15.2%.

created the biggest single-day decline for Mork Pharmaceuticals since the 21st century.

The evaporating market value directly exceeded US$78 billion.

It can be seen how severely Eric’s exposure to financial fraud by Mork Pharmaceuticals has hit the company’s stock price.

"Did I really make a mistake this time?"

Xue Zhenshi sighed, her chest tight and panicked.

I knew that this was the case. At that time, Xue Qi shouldn't be prevented from shorting Mork Pharmaceuticals.

But she still retains a glimmer of hope in her heart. After all, Mork Pharmaceuticals has not issued a positive statement yet.

In case, is there any chance for this matter?

To be honest, when she thought of this, she knew that she was already a little bit stunned, and she was arguing with this matter.

……

There is indeed a turnaround.

Mock Pharmaceutical Company is here.

After Eric’s "Coyote Company" used a short report and pointed out that they used inaccurate and even fraudulent financial statements to cover up the company’s financial and operating problems, the internal chaos of the company became a mess.

Because the company's CEO Lawrence suddenly lost contact in the past two days, the phone could not be reached, and no one could be found.

Mock Pharmaceutical Company, a group of dragons without a leader, doesn't know what to do.

Until the U.S. stock market closed, at 6 pm Eastern Time, when the people from Mork Pharmaceuticals found Lawrence, they found that he was having a party with his five lovers in a villa with a sea view, and they were having fun.

Lawrence was a little embarrassed at the time, but as the CEO of a company with a market value of $500 billion, he quickly calmed down.

After dressing neatly, he asked what happened.

try{mad1(\'gad2\');}catch(ex){}　　 After the employees informed Lawrence of the situation, Lawrence immediately realized the seriousness of the matter and cursed that the other high-level managers in the company were just a mess. Is he not there? Is it impossible to maintain the normal operation of the company?

After returning to the company, Lawrence immediately called the company's senior management to start a meeting.

After the meeting, Lawrence immediately got a headache, because the accusation report issued by Eric, although there is a deviation from the real situation, there is indeed a problem of financial fraud on the side of Merck Pharmaceuticals.

It's good now, people are not slandering, what should I do?

admitted that the company's finances were fraudulent?

No, no, this is absolutely impossible. Once admitted, Mok Pharmaceuticals will be over.

Therefore, Lawrence held a press conference and responded to this matter.

He gritted his teeth and said that the report issued by Eric's Coyote was false, full of loopholes, and slander!

Even, in order to prove his innocence.

On March 1, after the U.S. stock market opened on Tuesday, Lawrence also bought the company's stock worth 5 million U.S. dollars at his own expense when the stock price of Merck Pharmaceuticals plummeted, proving his confidence in the company to the outside world.

At the same time, Lawrence also contacted Andrew, the CEO of Citron Research Institute, and asked him to help clarify.

Otherwise, because Andrew owns a lot of shares in Mork Pharmaceuticals, if Mork Pharmaceuticals is really falsified, Andrew will also suffer heavy losses.

There is no way, Andrew can only issue a statement to the outside world through the Citron Research Institute:

"The stock of Merck Pharmaceuticals is the cornerstone of the U.S. pharmaceutical industry, and these allegations by the Coyote Company are reckless, and the credibility of the source is extremely suspicious."

Eric saw that the Citron Agency had spoken out, and he immediately fought back. He also said: "This investigation against Mok Pharmaceuticals has received help from the upright people within Mok Pharmaceuticals. Who is it? Safe and cannot be disclosed.

However, the financial fraud of Mok Pharmaceuticals is indeed true, and the relevant departments are strongly requested to review the company! "

In response to this, Citron could not refute, but changed the subject. From that report, he pointed out: "Aggressive accounting and fraud are two different things. The SEC has allowed aggressive accounting for many years, which has helped promote economic growth." .

And if Mork Pharmaceuticals commits fraud, then this is a large-scale conspiracy of thousands of accountants, auditors, and department chief financial officers who have been cooperating secretly for the past 12 years.

try{mad1(\'gad2\');}catch(ex){}　　 This is absolutely impossible! "

Eric didn’t say anything, but just said, “It’s useless to say too much. Let the relevant department check to see if there are any problems, right?”

Citron also insisted on his attitude: "We don't believe that Mork Pharmaceuticals will falsify financial affairs, so we will buy its shares to show our support!"

At the same time, the heads of more than five hedge funds also voiced their support for Mork Pharmaceuticals and would buy shares of this company.

Under the operation of Lawrence, many Wall Street institutions and long-term companies related to Mork Pharmaceuticals have expressed their support for Mork Pharmaceuticals.

Especially for some longs who had been long before, because the leverage was not low, I was afraid that an instability really broke the position, so I started to build a position to buy the stock of Mok Pharmaceuticals, and forced the trader to increase the stock price. .

This behavior directly led to a 5% increase in the share price of Merck Pharmaceuticals on Tuesday, March 1.

On March 2, Wednesday, the stock price of Merck Pharmaceuticals rebounded by 7%, and the stock price rebounded to more than US$190.

Chen Fang, seized the opportunity to let the "Needle Company" start to sell the stocks in his hands in the range of US$185-190.

Finally, before the close on Wednesday, at an average price of US$187.6 per share, all 37 million shares in hand were sold.

After deducting interest and handling fees, he received a total of US$6.94 billion. After deducting US$6.5 billion of the principal, he made a profit of US$420 million.

Don't look at the single digits of this money, you think it's less.

You know, after only two or three days of deployment, it earned 420 million U.S. dollars, which is already very strong.

Next, according to the candlestick chart in the system, Chen Fang repeated two more low-price buys and sold higher.

earned 320 million U.S. dollars and 170 million U.S. dollars respectively.

Together, the three operations of buying low and selling high resulted in an additional revenue of US$910 million.

After doing this, he cut a lot of leeks from the US stock market, especially those multi-headed institutions. He knew that he was fooled, but he could only bite the bullet and be cut.

Now, I can only bet that Mork Pharmaceuticals’ financials are all right.

However, it is a pity that there are really problems with the finances of Mok Pharmaceuticals.

……