Chapter 356

Jennifer, who was very strong, took a breath and said:

"I found that you and the group were intentionally withdrawing from the Internet. What was the reason?"

In order to prove her discovery, she put the "evidence" she had collected on the table.

To her disappointment, Wang Lei did not feel embarrassed after his trick was discovered, but said with interest:

"Jennifer, you are a more careful...trainee reporter.

Put away your curiosity, this is not something you can get involved in."

Jennifer asked with surprise: "You must have discovered something, right?"

Wang Lei found that he had no resistance to the little beauty and was surprisingly patient.

He simply admitted:

"Yes, I withdrew my investment in the Internet because I had a premonition that a storm was coming, and the Internet industry would be like the real estate market in Sakura Country, and it would be hit unprecedentedly."

Jennifer was still surprised to hear such a statement from Wang Lei.

This person said the same thing two years ago, but unfortunately, he did not believe his bubble theory at all.

Even now, people are still thankful that the Y2K crisis did not cause much impact.

With the merger of the two giants, technology and Internet stocks are rising slightly.

This just verified Jennifer's idea, and she asked:

"Can I make a report based on this?"

Wang Lei thought about it and realized that Robert really needed a professional short-selling report. It would be more interesting for Jennifer, the intern writer, to figure out whether it would be more interesting.

Wang Lei asked his assistant to bring in two large boxes of documents.

"I asked someone to investigate the financing and operating conditions of 200 Internet companies in the United States."

Jennifer casually flipped through a few volumes of files, and the shocking figures on them made her dizzy.

"Jennifer, I hope you can calm down, organize these files into data, and then expose them through Paramount News."

"Can I write your thoughts in the report?"

"You discovered all this yourself, and I didn't say anything."

Jennifer nodded in understanding. She was excited and felt that she and Wang Lei were doing something extraordinary.

Watching her busy figure, Wang Lei lamented that he was too cruel to use a lady who admired him to do such a thing.

A successful man of his age has witnessed the dark side of society, and his heart has long been as hard as steel. Jennifer wanted to get close to him, which was completely playing with fire.

…

March 2000.

Tiger Fund, which has always been bearish on Internet stocks, finally came to an end.

The founder had to liquidate all the funds under his control.

Even if he thought it was right to short at this moment, and maybe he would reap the harvest if he persisted for a few more months, investors would not give him another chance.

For Tiger Fund, things that should rise fell, and things that should fall rose.

Repeated mistakes have caused Tiger Fund to suffer heavy losses.

As a fellow sufferer, Proton Fund suffered continuous losses in short selling. After some important customers withdrew their funds, it chose to compromise with "irrationality" and finally joined the army of long Internet stocks in May last year.

In Wang Lei's view, this is no different from joining the National Army in 1949.

The closure of Tiger Fund did not receive the respect it deserved.

Because at this time even short sellers began to go long, Tiger Fund, which had been shorting, seemed extremely humble.

Everyone felt that the era of hedge funds had passed, and the closure of Tiger Fund became the biggest topic in the financial world that day.

Many people interviewed Robert of Cayman Capital and asked him about his views on the closure of Tiger Fund.

"Tiger Fund is the most respectable opponent for us in Cayman. In just 18 years, it has expanded from 8 million US dollars to more than 40 billion at its peak, which is nearly 5,000 times the growth."

Those who heard this nodded slightly in agreement with Robert's words. Except for the stupidity of Tiger Fund in recent years, the previous set of tactics rarely failed.

"He just participated in short selling at an inappropriate time. In the mid-term, they themselves felt that it was difficult to get off the tiger."

The president of Proton Fund, listening to Robert's talk, couldn't help but feel fortunate. If he hadn't stopped the loss in time and chose long positions, Proton Fund would have become one of the bankrupt institutions.

But investors were very dissatisfied with his performance, which made him helpless.

Although he also bought stocks of Netscape, Microsoft, and AOL, the returns obviously could not satisfy the appetite of investors. Proton Fund has become an ordinary fund company in this irrational market.

Drinking red wine, the old man who had experienced ups and downs was also extremely confused. He felt that his time had passed.No longer had the energy to compete with Cayman Capital and Tiger Fund.

Just then, he noticed that Paramount TV was broadcasting a news story.

Jennifer's beauty moved the president.

When he thought that this was an employee of Wang Lei's company, he shook his head with a dull look.

But he soon shifted his attention from Jennifer's beauty to Jennifer's discovery.

"Among the 207 Internet companies surveyed, 71% of the companies had negative profits, and 51 companies' cash would run out within 12 months, including Amazon!"

"Wang Lei and his family had the foresight to divest from the stock market. Except for a few businesses that have not yet been listed, they have disappeared from the shareholder details of all Internet companies."

He said in surprise: "How is it possible? That's the Internet star Amazon!"

The assistant quickly put Amazon's information on his desk, and saw that the funds in Amazon's account were only enough to last for half a year.

He couldn't help but yell:

"Oh no! The stock market crash is coming!"

Unlike his previous excitement, this big short seller who once made a lot of trouble in Hong Kong City was the one who was harvested this time. He realized that if he didn't run away, he would be finished. His proton fund would burst along with the Internet bubble!

He ignored the dignity of a financial person, wore hotel slippers directly, called all fund managers, and prepared to start a big sell-off.

This report shocked the entire Wall Street, and almost all fund managers who were supposed to be resting returned to their posts.

For them, if they can't find a suitable sucker to take over, their company will go bankrupt, they will not get any compensation, and become one of the millions of losers.

Jennifer, the initiator, didn't expect that her report would have such a big impact.

Her name can even make practitioners who have experienced this stock market crash feel scared.

In addition to her good looks, financial people prefer to call her the goddess of disaster Jennifer.