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第十六章 大空头(3第600张月(2 / 2)

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这章没有结束,请点击下一页继续阅读!《纽约时报》的记者取得标题很夸张——总裁警告有一场危机,其他报纸的标题相对弱化一点——总裁警告,不要让投机资本毁灭了我们的市场。

利弗摩尔看得很清楚:孔蒂尼现在说话越来越中立了,他开始着手自己的布局。7月6日开始,利弗摩尔开始介入尝试性做空,联合银行提供了有关资金支持,为了加强监管,联合银行行长弗朗西斯科亲自在纽约分行坐镇。从7月6日至25日不过15个交易日,利弗摩尔部署了将近4亿的股票空单——现在做空很容易,大家都看好涨,经纪人巴不得有人来借股票做空。

4亿美元的头寸看上去很大,其实和联合银行自己持有的股票头寸还略差一点——这里差不多有5亿美元,充其量是对冲锁定盈利而不是裸卖空。

7月29日,在投资者咨询会上,孔蒂尼作为联合集团总裁做了进一步表态:

“目前股市已到了一个高度,我不知道还能涨多少,但上涨动力需要比下跌要强得多、多得多,现在整个美国股市市值已超过600亿,继续上涨10%需要60亿美元,即便按5倍杠杆,也需要投入12亿美元资金,而20%的借贷资金成本让10%的上涨变得寡然无味,至少要上涨20%才有利可图,所以我觉得投资有风险,入市需谨慎……

联合集团的股票表现还不错:在提前披露的半年报和说明书中,联合医药净利润超过了540万美元,两家联合石油的原油产量已突破了500万吨,联合摩托的订单排期依然超过6个月。我的建议很明确:如果下一步要投资,必须找准好股票,那些只有概念、没有业绩、一哄而上的股票很可能会面临滑坡——这不是什么股票都能涨的时代了,也不是蒙眼狂买就能盈利的时代了。”

有记者敏感地问:“您认为股市接下去会面临下跌?”

“下跌是肯定会来的,只在于何时、何地,就美联储这白痴政策,不把股市搞下去他们绝不肯罢休,所以一定会有一次猛烈下跌,但是……”孔蒂尼狡黠地一笑,“我今天要提醒的不是人人都知道的股市会下跌的前景,我今天是提醒接下去不是什么股票都能涨的时代了。”

“原来如此!”

这是孔蒂尼第一次在公开场合提到股市下跌的可能,他用了确信这个词语——锅还是在美联储头上,他都用了“白痴”来形容,至于上涨乏力——大家没当回事,总裁是具体问题具体分析,最起码他对联合集团的股票还是看好的。

这也是孔蒂尼7月份还不走的原因,7月下旬是联合集团最重要的时间节点——大批持有可转债的美国股民即将面临选择,究竟是保留债券还是转换成股票,保留债券他们只能收获1.5%的利息,但转换成股票就不一样了,目前转股价比市场价低大约30%,换而言之,扣除费用和利息转股后,股民可赚到30%,而这样的时间窗口只有一次——是选择30%的潜在利润还是继续持有确保100%兑付的债券?

虽然目前股市行情扑朔迷离,但众人依然热度不减,他们在8月1日进行了用脚投票,总计15亿可转换债券有14.9亿变成了股票,只有1000万美元不到继续保留为债券,舆论认为这1000万债券持有人肯定是脑子坏了或者忘记了,傻子都清楚可转债如果当债券用,那就一年只能收取1.5%的利息,在眼下动辄18-20%的利息根本不值得一提,而转成股票却有30%的潜在利益,为什么不换?换!

在完成股票转换的那一天,孔蒂尼减持了他手中最后一个账户的钱:阿德里亚娜留下的账户,最终收获1040万,他让人把款子打给了对方——阿德里亚娜在这4个月的电台栏目中已不厌其烦地提醒股票风险,并预计会有下跌,要不是她都在采访点评中说的,大家都以为她变成不靠谱的股评家了……

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