Chapter 893 (1/2)

February 2, Friday.

It fluctuated in the 2900 point range for a week in a row. When the capital market was closely watching whether the Nasdaq market could break through the 3000 point mark on the last trading day of this week, another ladle of cold water from the westrow system was poured down this morning.

After January 22 announced the reduction of Cisco shares less than two weeks time, westero company issued a reduction statement again.

No surprise.

This time it's AOL's turn.

The reduction is still about $2 billion.

In order to suppress the NASDAQ index, two weeks after the announcement on January 22, westero company has completed the reduction of Cisco shares, which is actually an important reason why the NASDAQ index fluctuated up and down this week but failed to break through 3000 points.

Because the two announcements were too close to each other, with the announcement of Westeros, on Friday, the NASDAQ index fell by 2.9%, significantly more than the 0.7% market decline on the day of Cisco's announcement. As a result, the NASDAQ index fell back to the range of 2800 points again, and was fixed at 2879 points at the close of the day.

Again!

Many people have been speculating about Simon's motives since last December, when westlow system cashed out danielis entertainment shares for the first time.

If we just have a premonition that the market will reach its peak and cash out at a high level, it doesn't make sense.

With the current influence of the westero system, as long as you say you need money, a lot of financial institutions will cry and shout and rush to send money. If the market is about to turn, in order to maintain the overall situation, Simon westero should do is to stabilize the market sentiment as much as possible, rather than risk catalyzing the collapse of the market.

After three consecutive reductions, everyone finally responded.

There is no doubt that Simon westero is suppressing the NASDAQ.

The reason for doing so is also very simple.

People with a little financial background can understand that once the market overheats, speculation will inevitably prevail, and people who really want to do things will be run. Therefore, avoiding market overheating is actually beneficial to the long-term development of an industry. Otherwise, a large number of speculative capital will toss in and out quickly, leaving only chicken feathers and even destroying the whole industry.

I understand, but everyone is looking forward to a series of technology stock prices continue to advance by leaps and bounds, looking forward to all kinds of technology stock book income has reached a new high unconsciously, looking forward to the high cash out, leaving the mess to the last loser. Simon westrow, you are so blatantly breaking everyone's financial path, it's not authentic.

As a result, after the closing of the afternoon, various forces began to challenge the Westeros system.

The SEC has been asked to investigate whether the company is suspected of manipulating the market.

There have been calls to the federal government for measures to ban Simon westrow's vicious sell-off.

Someone contacted Simon privately, hoping that he would stop at the right time.

Some people say that Simon can directly state how much he intends to sell to cash out, and we can trade privately without causing market fluctuation by selling in the secondary market.

Some people take advantage of the opportunity of the election year to try to lead the topic to Simon's personal wealth, which has nearly exceeded one trillion, and think that it is very unreasonable for a person to have such a huge amount of wealth.

Not only that, but also the technology bears who have been waiting for the opportunity have not missed such an opportunity. As evidence, the announcement of westero company's shareholding reduction once again exaggerates the public opinion that the NASDAQ index has peaked and is about to turn, trying to really promote the collapse of technology stocks.

Even the White House called Simon.

Obviously, the president was entrusted by others. He took out an analysis report he didn't know where to get it from and discussed it with Simon for more than half an hour. The main idea was that the current fundamentals of new technology industry were more than 4000 points, and Simon didn't have to be so cautious at 3000 points.

Frankly speaking, the wave caused by this reduction was unexpected to Simon.

However, Simon was not surprised. After all, the Westeros system's behavior of suppressing the rise of technology stocks blocked the way of too many people's money, but Simon thought it would take another two or three times to reduce their holdings.

In the face of huge interests, people's eyes are red, and they can do anything if they are in a hurry.

Since it has aroused everyone's dissatisfaction, Simon did not want to be the enemy of the whole world. In the face of lobbying from all sides, he took advantage of the situation and promised that he would not reduce his holdings in the short term.

This is actually a kind of big tail.

From small enterprises to large countries, there is no lack of discerning people in the world. In the face of all kinds of disadvantages, it is not that no one wants to change, but it is hard to return. When a huge machine collapses and runs in one direction, the people in front of it trying to save are often dead.

However, Simon has no intention of giving up completely.

The core objectives of this year's stock reduction plan are actually two. One is to curb overheated speculation in the new technology market, and the other is to cash in.Simon's original goal was to cash out 20 billion US dollars in 1996.

Now that he has promised not to cash in the open market in the short term, at least in the next six months, Simon intends to choose to carry out block stock transfer transactions with institutions directly, as suggested by some people.

In addition, it plans to issue a westero corporate bond at the right time.

Prior to that, when the company needed additional funds in private, it basically sought loans directly from the bank. The main reason is that it's convenient and quick. It doesn't have the complicated process of issuing bonds, and it doesn't need to disclose too much information. Moreover, with the credit rating of Westeros, the interest rate of getting loans is often very affordable.

However, if you want to raise 10 billion US dollars in one time, and have long-term liabilities of more than 10 years, it is not appropriate to continue the loan.

The main reason is that the flexibility of bank loans is too poor, there are many restrictions, and there is no room for repayment. Once an enterprise has problems, bank debt collection will often become the last straw to crush the camel. After an enterprise goes bankrupt, bank loans usually need to be paid off first.

In contrast, the flexibility of corporate bonds is very high. As long as we get the funds, there are few restrictions. In case of problems, we can negotiate with the creditors to restructure the debt.

With the current size of westrow system, the possibility of meeting repayment difficulties is very low. Therefore, the core of choosing to issue bonds is cost.

Banks are in pursuit of profits, so it is inevitable for enterprises to pay relatively high interest costs.

As for bond investors, especially high credit rating bond investors with low interest rates, they only seek the most stable minimum investment, or even fight against inflation. On the contrary, they don't pursue too high profits, which in fact means that the cost of the issuing party will be very low.

In fact, many enterprises in the westero system, such as Daniels and AOL, have been issuing bonds in recent years, but westero, as the core of the westero system, has not done so. After all, if you want to issue bonds in the past, it means you need to disclose a lot of information publicly.

This is something Simon has been reluctant to do.

Now, the westrow system is strong enough to choose to issue bonds and disclose selectively.

Believe it or not.

Buy it or not.

As a result, after promising not to reduce its holdings in the short term, Simon released the news in the following weekend.

Since some people say that they can privately undertake the sell-off of the westrow system, Simon plans to sell $3 billion worth of shares of daenerys entertainment, Cisco and AOL to institutions in addition to the $2 billion AOL shares announced on Friday that will continue to flow to the secondary market.

Let's discuss it.

Put in the money.

Of course, because it is a block transaction, Simon will not be unkind to set the original price, and directly give the institution a 10% discount on buying.

Danielis, Cisco and AOL have reduced their holdings three times and cashed out more than 6 billion yuan.

We're going to sell another three billion this time.