Chapter 2: The Wolf of Wall Street(1/2)
When Anne Hathaway pretends to be calm and normal.
But in fact, I was feeling nervous inside, being served by two servants and a professional butler.
In the dining room of the 7,500-square-foot Central Park luxury apartment.
Enjoying the beautiful scenery of the park while having breakfast.
Abe Smith, already sitting in his Maybach 62, is about to arrive at JFK International Airport.
Looking out the window, the street scene of Queens, New York flashes by.
Abel Smith couldn't help but recall what he had experienced in the past ten months since his rebirth.
That's right, Abel Smith, who is twenty years old this year, is actually a reborn person.
He was originally an Internet writer in China in 2022.
Once when I stayed up all night writing, I couldn't bear it and fell asleep.
After sleeping and waking up, he became an ugly American college student who had just graduated from Rice University in Texas and received his academic certificate.
Just when he was panicking, the memories of his original self came flooding in.
After gaining the memory of his original body, he knew that he was now called Abel Smith.
The father's name is Alexander Smith and the mother's name is Emily Smith.
Alexander Smith is a typical Texas rancher.
For several generations, my ancestors have been running a large farm in Tarrant County, Texas.
Smith Farm covers an area of 6,500 acres.
The farm raises a large number of cattle and sheep, and employs about 50 professional farmers to work on the farm.
Of course, there are also supporting agricultural engineering machinery and equipment, etc.
The farm produces large amounts of beef, mutton, wool, cotton, sorghum, rice and other grains, vegetables and fruits every year.
The Smith family earns millions of dollars a year from this farm alone.
After deducting costs, the annual profit is around one million US dollars.
So, although the original Abel Smith was not a wealthy man, he was definitely the only son of a wealthy family.
More importantly, his father, Alexander Smith, is also one of the 75 members of the American NRA Association's Board of Directors.
This status is even more powerful than Alexander Smith's annual income of one million dollars and his status as a multi-millionaire.
The reason is because the full name of the NRA association is the National Rifle Association of America.
As for why Alexander Smith can become one of the seventy-five board members of the NRA, that is another story.
He traveled through time and became an ugly college student with such a background.
As long as he follows the red neck rules and Texas rules, there will be absolutely no problem in living a carefree and unrestrained life.
but.....
Just when Abel Smith accepted his fate and planned to experience another life in the form of a high-end Texas redneck.
After being reborn and traveling through time, he discovered.
My golden finger has arrived.
There seem to be two golden fingers.
One is that he becomes very good at eating, and his body becomes very strong and healthy after eating.
This doesn’t seem to be considered a golden finger, but it’s definitely not harmful anyway.
Because this kind of strength is not only reflected in the physical aspect.
It is also reflected in the reproductive capacity...
Another special feature is really the golden finger.
That's what he discovered shortly after his rebirth.
He can actually see the hidden information behind financial products!!
He tried,
With a principal of one thousand US dollars, I made thirty thousand US dollars in one week in the foreign exchange market.
This discovery immediately made him extremely ambitious.
Shortly afterwards,
He took 70,000 US dollars and ran to Manhattan, New York, regardless of his parents' objections.
Because he felt that this ability should be at home on Wall Street.
that's the truth.
With this ability to consume physical and mental energy, he was out of control when he came to New York.
He first used his principal of US$70,000 to continue taking risks in the foreign exchange market.
In one month, the principal increased from US$70,000 to US$1 million.
Then he started investing in precious metal futures, mainly London gold and London silver.
Another month later, the principal became US$10 million.
It took him three months to officially enter the US stock market.
During this period, I occasionally went to the international foreign exchange market and the international futures market to trade.
Wait until the end of February this year.
He is already worth over $300 million.
Then he used all his wealth to initiate short selling and betting through JPMG Bank and Goldman Sachs, which he had been cooperating with.
The content of the bet was on the stocks of Internet listed companies that experienced a weather boom between Japan and China before March this year.
Such as Cisco, Microsoft, Dell, Yahoo and other companies' stocks.
This decision,
In just a few months, he, who had already gained a certain reputation within Wall Street, was subjected to a lot of doubts and ridicule.
It is said that even Jim Rogers, one of the founders of Quantum Fund, smiled and said to his friends after hearing his decision:
"This powerful little guy may have to do a big somersault this time!!"
Then time entered March.
March 10, 2000.
The Nasdaq (Nasdaq Composite Index), which is dominated by technology stocks, climbed to 5048, and at that time, Abel Smith's book floating losses had reached as high as 250 million US dollars.
If he hadn't invested new deposits one after another many times.
This loss was enough for him to be liquidated by the bank.
However, since 1995, the Nasdaq index has been at its peak.
After March 10, 2000, I felt like a fat man who had taken laxatives.
It started pouring out.
Although at the beginning, Wall Street market analysts were saying that this was just a correction in the stock market.
It is a technical adjustment.
Don't panic.
But the Nasdaq index will open on March 13th.
It fell from 5038 to 4879, a full 4 percentage point drop.
This caused a chain reaction of market sell-offs: investors, funds and institutions began to liquidate.
In just 6 days, the Nasdaq index lost nearly 600 points.
It dropped from 5050 on March 10 to 4580 on March 15.
The worst happened on April 3.
This day is trial day for the federal government's lawsuit against Microsoft.
The trial results declared that Microsoft is a monopoly and will face punishment next.
The Nasdaq index, which had been in decline for 20 days, fell 300 points that day, and then started a diving mode.
By the end of May 2000.
The Nasdaq index, which once reached 5,128 points at its peak, has only 2,650 points left.
At this time, Abel Smith, who had shorted more than a dozen large "det com" companies, including Cisco, Microsoft, Dell, Yahoo, etc., began to close his position.
After closing the position.
To be continued...