America's Road To Wealth Chapter 220

  Chapter 220 Let's make local leeks together

2001.

   April 1st.

   April Fool's Day.

   On this day, when the market value of Sempra Energy Company was under the blitz of the market.

   came to around $32 billion.

  Smith Capital's safe house status of more than half a month has also officially ended.

  The safe house status of Smith Capital this time.

   Mainly long international spot gold, that is, London gold.

  This time, Smith Capital entered the market one after another with 14.5 billion US dollars and 58 billion funds with four times leverage when London Gold was around 235.00.

   The average cost to open a position is around $240.00.

  The standard lot of London gold is 100 ounces, which is equivalent to about 3.1 kilograms.

  Based on the average opening price of USD 240/oz.

  A standard lot of London gold is worth 240*100=24,000 US dollars.

  US$58 billion, holding a total of 2,416,666 lots of London gold.

  One standard lot of London gold is 100 ounces in total, and one point of fluctuation is US$0.01/oz.

   That is to say, a standard lot of London gold.

  The profit and loss of one point is 100×0.01 USD=1 USD.

  Smith Capital holds about 2.41 million lots, with a fluctuation of one point, the profit and loss is about 2.41 million US dollars.

  When Smith Capital closed all its positions and left the market.

  The real-time price of London gold is 275.98 US dollars.

  This is when Smith Capital closed a large amount of money and left the market.

   Caused its price to drop a lot.

  In fact, the average exit position of Smith Capital will only be higher.

  Because profit retracement is a process.

  Smith Capital left the market at the apex high of 281.65.

  Smith Capital's final average exit position was $278.34.

  A total of 3834 points of profit were made.

   That is, without interest, commission, etc.

  Smith Capital invested for half a month this time.

  The total profit is about 9.246 billion US dollars.

  When David Mellon announced that the safe house status was lifted, and the total profit in this transaction.

  The entire third and fourth floors gave out huge cheers.

  Amid the cheers, the staff on the first and second floors.

  They also soon learned of the company's profit for half a month, and everyone cheered together.

  The huge cheers of hundreds of people spread outside the building.

  Those who don't know, thought there was some kind of celebration going on here.

   Those employees who have just joined the company for a short time are silently calculating in their hearts—

   Net profit of about 9.2 billion U.S. dollars in half a month.

  This result is already more than twice the profit of Goldman Sachs last year.

  It is the sum of the five companies of the five largest investment banks last year, which accounted for a little more than half of their total profits.

   It is General GE, the company with the largest market value in the United States, with 130% of last year's profit!

  Wall Street practitioners who are not familiar with these data are also current employees of Smith Capital.

  They all know that once this kind of information is released.

   Already crowned "Financial Moses" King of Smith Capital.

  The originally dazzling halo on him will become even more dazzling.

   And the 280 traders on the third and fourth floors.

   also got their wish and got their high bonus.

   Twenty-eight team leaders, each with a bonus of 100,000 US dollars.

   252 members, $50,000 each.

  This news is also related to the company's profit this time.

   Notified all personnel in the entire company together.

  Let all other people in the company who are not involved be extremely envious and jealous.

  In addition, because the company does not require confidentiality.

   These news spread throughout Wall Street in a very short period of time.

  Wall Street wage earners, hear this news.

  First you don't believe it, and after confirming the credibility.

  They also became envious and jealous of those two hundred and eighty people.

  Wall Street executives reacted differently after hearing the news.

   Among them, Sally Winston, CEO of PNC Financial Services Group.

   and Berkshire's chairman, Warren Buffett.

  The reaction of these two people was that they came to the Smith Building very quickly.

  Sally Winston, CEO of PNC Financial Services Group, is not the first time to come to Smith Building.

  Including this time, it should be three times.

  Because it was around the 20th of last month.

  Smith Capital has just announced that it will initiate a general acquisition offer for Sempra.

  Sally Winston came once.

  Sally Winston came over that time to ask for a share.

   Same as Warren Buffett.

  Last month, PNC Financial Services Group also bought a 4% stake in Smith Capital.

   Conditions are exactly the same as Berkshire.

   In other words, now Sally Winston is the same as Buffett.

  Both of them are already shareholders of Smith Capital.

  Fourth floor, Abel's office.

   Above the sofa in the rest area.

  The two giants in the American financial industry.

  Buffett and Winston, each holding a cup of Geisha coffee brewed for them by David Mellon himself, are tasting lightly.

  David was wearing a suit at this time, looking very capable.

  The CEO of Smith Capital, David, confirmed the news to the two shareholders with a smile on his face.

   "Two gentlemen, the news you heard is not wrong."

   "That's right. The company you invested in has made a profit of more than 9.2 billion U.S. dollars in the past half month."

   "You heard me right, it's $9.2 billion."

   "Pure profit~"

  David Mellon is in high spirits at the moment.

  The thirty-five-year-old son of one of the branches of New York Mellon.

  I never thought of it.

  I was originally an ordinary Goldman Sachs senior MD.

   It can be a year and a half later.

   is able to intersect on an equal footing with figures like Sally Winston and Buffett.

   David Mellon couldn't help but looked down at Abel.

  The descendants of Andrew Mellon know all this because of this young man in front of them.

   ".oh~"

  Sally Winston said happily:

   "No wonder I went out this morning and picked up a Lincoln on the ground!"

  Lincoln in the mouth of Sally Winston.

   refers to Abraham Lincoln, of course.

  The portrait of the American leader is printed on the American penny coin.

   In many places in the United States, there are such legends:

  【If you find a penny coin, you will be lucky for a whole day】

   This is a stalk that traditional Americans understand, and of course everyone present can understand it.

   Everyone knows that this is Sally Winston's joy.

  Warren Buffett had a smile on his face, and the stock **** couldn't help but said:

   "Is it so profitable to do precious metal futures?"

  As a shareholder of Smith Capital.

  Buffett and Sally Winston, of course know that the main investment battlefield of Smith Capital in the past half month is international spot gold.

   "No~ dear Warren." David Mellon said with a smile:

   "It's not making money doing international precious metals. It's Abe Smith making money doing international precious metals!"

  "In fact, it is more than international precious metal futures."

   "As long as our King Smith wants to do."

   "Smith Capital can make money there!"

  David Mellon's words revealed his infinite admiration for Abel.

   This made both Buffett and Winston realize.

  No one can resist Abel's authority in Smith Capital.

  David Mellon, who has just changed from general manager to CEO, is a fan of Abel.

"All right."

  At this time, Abel finally smiled and said:

   "It's only $9.2 billion. It's not $92 billion. I don't think there's anything to brag about."

  When Abel said this, his tone was very calm.

  Abel's own mood at this time is really the same as what he said.

   But it sounded extremely harsh to the ears of Winston and Buffett present.

   Earning 9.2 billion dollars in half a month, it's nothing special.

   This makes the chairman of Berkshire, and the CEO of PNC Financial Services Group.

   At this moment, I feel like pouring the coffee in my hand on Abel.

Of course.

  They just think about it.

   After all, they have all invested in Smith Capital.

  The more Smith Capital makes money, the happier both of them are.

   "Right." Buffett and Winston heard Abel say.

   "Sampla Energy, the network can be closed."

  Abel smiled and said to the two of them:

   "Give the two of you two days."

   Hearing what Abel said, Buffett is fine.

  Sally Winston, who was only about fifty years old, suddenly became excited.

   "Understood." Sally Winston said happily.

  Buffett nodded:

   "I guess it was also in these two days. I started selling yesterday."

  Sally Winston suddenly realized—“No wonder it fell to $109 yesterday. It should be Warren, you are selling!”

  Buffett shrugged:

   "Others are crazy, I am afraid, others are afraid, I am crazy. This sentence is very useful in many cases."

  David Mellon is a bit confused about what the two American financial tycoons and Abel are talking about.

   Not long ago today, Smith Capital had just ended its safe house status.

   That is to say, except for that time when I came out to speak and broadcast live on the TV station.

  David had his first contact with the outside world today.

  David is not very clear about the outside things at this time.

  Abel explained for him: "It's about Sempra Energy."

   "Oh." David Mellon nodded:

   "I just took a look. The real-time stock price is already $120. It's crazy. Is Sampra really worth so much money?"

   "That's right." After David finished speaking, he asked Abel:

   "I also asked about it just now. There are very few applicants for our comprehensive tender offer contract. It has only reached 39% until now, and there is still a long way to go from 51%."

   "Of course." Sally Winston said with a smile:

   "Smith Capital is only willing to pay 68 US dollars a share. Now the stock of Sempra Energy has risen to 120 US dollars a share in the stock market!"

   "Which fool would be willing to sell it to Smith Capital at such a low price?"

  David Mellon was stunned for a moment, and he looked at Sally Winston who was smiling all over his face.

   looked at the smiling Abel and Buffett again.

   It reminds me of the conversation between the three just now.

  David Mellon, who is also one of the Wall Street elites, immediately thought of something.

  Thinking of this, David even lowered his voice.

   "You... are you doing Sempra Energy?"

   David whispered in surprise.

  Abel responded calmly:

   "Who said that? I'm interested in Sempra Energy. I'm optimistic about its future. I'm willing to make a comprehensive tender offer at $68 per share."

   "As long as the price is right, I will buy as much as I can. It's as simple as that."

  Sally Winston said with a smile:

   "Ha~ PNC Financial Services Group thinks that Sampra is a good stock that can make our investors make money, so why don't we enter the market?"

   "Although Berkshire doesn't do much short-term trading, it doesn't mean it doesn't do it at all. As long as it is beneficial to investors, Berkshire will also occasionally do some short-term trading." Buffett said very seriously.

  These words of the three people, although they didn't say anything.

   But for David Mellon, basically everything has been said.

   This shocked David.

   This relatively young Wall Street elite.

  He never imagined that the three in front of him would actually play like this.

   Even David Mellon suspects that there may be more than the three in front of him playing like this.

  Many people on Wall Street may have participated this time.

   Otherwise, it is impossible for the stock of Sempra Energy to be in such a short period of time.

   It didn't even take two weeks, and it was more than doubled directly.

  David smiled and cried: "Okay. Okay. I get it, I get it."

  clang~clang

  Abel tapped his own empty coffee cup.

   "Mr. CEO of Smith Capital, don't worry about other companies. Just worry about your chairman's coffee cup, but it's empty."

   "Oh~" David Mellon bent down and picked up the coffee cup.

  Sally Winston quickly drank the coffee in his cup.

   "Please give me another drink! Sir~" Sally Winston said with a smile.

  Buffett drank his own coffee calmly, and handed the coffee cup to David—"Please, Mr. Mellon."

  David shook his head and smiled, but happily went to make coffee for them.

  In the entire Wall Street, there are not many people who can make coffee for these three people!

   April 3rd.

   Has been in the "Sampra Energy" acquisition battle.

  Only reprint opinions from other newspaper media.

  The "New York Observer" and "American Sun" that never express their opinions.

  A newspaper and a magazine published two reports with similar content at the same time.

  In the report.

  The American Pacific Bank of Commerce announced that it will acquire 51% of the shares of California Pacific Electric at a price of US$100 a share.

  The transaction involves $14.5 billion in funds.

   Once reached, it will become the largest merger and acquisition so far in the American business community this year.

  CEO of California Pacific Electric Gavin · Gao Suo.

   also confirmed the transaction at noon.

   Gavin Gauth claimed that the American Pacific Bank of Commerce had submitted a bond of one billion dollars.

  As long as it passes the approval of the US Department of Commerce, the transaction will be declared a success.

  As soon as the news came out, the U.S. stock market was in an uproar.

  One morning.

  Sampra Energy from yesterday's peak of 130 US dollars a share,

   All have fallen to $120 a share at noon.

  After these two news announcements.

  In the afternoon, after the U.S. stock market opens.

   begins its waterfall.

   Wait until the evening when the U.S. stock market is closed.

  The stock price of Sempra Energy, which peaked at $125.5 a share yesterday, is only $109 a share.

   That night, Fox News, a subsidiary of News Corporation.

   in its hour-long curated news coverage.

   Also report on what happened today.

  【.Smith Capital has never adjusted the tender offer price during the one-month general tender offer period. It can be seen that Smith Capital is obviously not really interested in Sempra Energy! 】

  【.Mr. Abel Smith, he played everybody. He let a lot of people spend their savings to buy Sempra energy stock, driving the price to a place where Sempra should not be]

  【. But our Mr. Abel Smith, turn around and buy a better quality Cal Pacific Electric】

  【. He tricked everyone! We were all fooled! 】

  That night, not only Fox News said so.

  Most of the financial programs have experts come out to say so.

   Early the next morning.

  A large number of freshly released newspapers and magazines.

   also expressed similar opinions in the report—

   That is: [Abel Smith doesn't really want energy at all! 】

  【He's playing tricks, he's running a mouse position, he's driving up the stock price of Sempra Energy, and then he can sell it at a high price! 】

  【What he really wants is the California Pacific Electric next to him! 】

  Similar reports come out.

  Let it not be long before the stock market opened that day.

  The shares of Sempra Energy fell in response.

   It dropped from $109 to $90 a share.

  When the market closed that day, the stock price of Sempra Energy was only 78 US dollars.

   At this time, the leeks in the US stock market were already raging.

  Under the pressure of public opinion.

  The relevant US department SEC, that is, the US Securities and Exchange Commission, had to stand up and say:

   Smith Capital did nothing illegal.

  Because during the rise and fall of Sempra Energy's stock price.

  Smith Capital, from the beginning to the end, has never used a general offer price of more than 68 US dollars to acquire any shares of Sempra Energy.

   Similarly, I have never sold even one share of Sempra Energy stock that exceeds $68.

   And not only Smith Capital, but none of the companies that Abel holds more than 10% of the shares are involved in this Sempra Energy stock transaction.

   To put it simply, Abel Smith insisted on purchasing at $68 a share, and he did not buy or sell more shares even when the stock went up or down.

   In this transaction, he did not profit at all, not even a penny.

  From the perspective of relevant laws, what Smith Capital and Abel did is not illegal at all.

  As soon as the conclusion of this investigation by the SEC came out, the leeks were in awe.

  But this couldn't stop the plunge of Sampra Energy the next day.

   It kept falling to $68 a share.

   Smith Capital, which kept its promise, finally started to sell.

  It bought unlimited shares of Sempra Energy at a price of $68 a share.

   This made Sampra's slump finally stagnate.

   Even during the process, it was slightly lifted.

   It once returned to $70 a share.

   Then Smith Capital stopped sweeping the goods

   This made the leeks finally understand that people just want to buy it for $68.

   No matter how many people there are, they will ignore it.

  Since then, the stock of Sempra Energy has finally stopped at $68 a share.

   And so on until April 8th.

  Smith Capital announced that it has purchased 67% of Sempra Energy.

  Achieved the absolute holding required by relevant regulations.

   Next, Sempra Energy will submit an application for delisting.

   Once passed, Smith Capital will completely delist Sempra Energy at a price of $68 per share.

   At this time, the enthusiasm of the entire American stock market, large and small, has been exhausted before.

   That's it.

   On the U.S. stock market, the 19-day acquisition battle for "Sampla Energy" has finally come to an end.

   You don't have to wait a little later, I will continue to code, but I don't know when it will be done. Anyway, this month, I will definitely have 20,000 words in four chapters a day, and I will insist on taking medicine. That is to say, there will be at least four chapters with more than 20,000 words tomorrow! Diarrhea at noon did not end until after eight o'clock

  (end of this chapter)

Chapter end