In fact, as time goes by, the CDO betting agreements and CDS bonds held by the Black Swan Fund will bring more and more losses to their betting "clients".
But successfully choosing the right direction is one thing, and how to ensure that their profits can be smoothly "put into the bag" is also a problem.
After all, what needs to be considered is that the Black Swan Fund is playing so big that it can be said to be almost standing on the opposite side of the entire Wall Street. Their betting clients include not only the five major investment banks on Wall Street and some old commercial banks, but also some large investment banks in Europe.
What are the rules? Must they be followed?
If you really think that the West "respects the rules", then you are really crazy.
When they can bear it, they don't mind following the rules, but when it comes to life and death... What are the rules?
But there is no need to worry too much, because as the market reversal moment comes, except for some investment banks that are deeply involved and have invested too much in the subprime loan debt market and are difficult to turn around, other institutions will immediately change their positions and turn from long to short. In this case, those institutions that are too late to change will become the fat meat to be eaten.
Goldman Sachs and Morgan Stanley will be part of the reversal. They have already started negotiations with the Black Swan Fund - they hope to resolve these bet agreements as soon as possible and join the short selling, while the Black Swan Fund has the most short selling chips.
Now, it is about to enter the second stage of the subprime mortgage crisis. Before that, the profit of the Black Swan Fund has exceeded 20 billion US dollars...
...
Just two weeks after the successful launch of Honor Mate 1, on July 10, the Open Handset Alliance held its first developer conference in Los Angeles.
The alliance was announced at the Android conference at the beginning of the year. Its purpose is to support the Android mobile phone operating system and application software released by Android, and to jointly develop the open source code of the Android system.
The members of the Open Handset Alliance (OHA) mainly include mobile phone manufacturers, mobile phone chip manufacturers and operators.
Currently, more than 30 companies have joined the Open Handset Alliance, including Android, Honor Electronics, Woaw Technology, Samsung, Qualcomm, Texas Instruments, O2 Telecom, China Mobile, Intel, LG, Motorola, T-Mobile, Telecom Italia, Telefonica, China Unicom, Nvidia, ARM, Broadcom, Avago, etc.
These companies will become the founding members of the Open Handset Alliance.
In addition, at this developer conference, Android released the latest update of Android system 1.1, and announced that it will release the first major upgrade version of Android system, Android system 1.5 Cupcake, before the end of this year. Just like in the original time and space, every major update version of Android will be named after a certain dessert.
After Apple and Honor Electronics successively released the epoch-making full-touch screen smartphones of the iPhone and Mate series, because Apple's iOS system is not open but a closed system, mobile phone manufacturers have begun to join the Android camp and put the development of new smartphones equipped with Android system on the agenda.
However, they will not be able to launch these mobile phone models until next year at the earliest...
After all, after the launch of IPhone 1 and Mate 1, subsequent manufacturers want to develop similar mobile phone models, and they still need to solve a problem, that is, how to bypass some patent technologies, including appearance patents.
Companies including Samsung, Motorola, LG, etc. have plans to launch Android phones, while Nokia, the leader of the mobile phone industry, is still focusing on its own Symbian system.
In addition, Google, which acquired Android in Barron's previous life, is also accused of secretly developing its mobile phone operating system, which may be launched before the end of the year... Android did not pay much attention to this, but accelerated the development and update of the version at its own pace.
After all, in Barron's previous life, after Apple's iOS and Android systems were launched, other major manufacturers launched other mobile operating systems to compete, including Microsoft, which did not pose much threat to the two.
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After entering July, IC Capital completed another investment. They invested $5 million in Twitter and acquired a 25% stake in this startup company that was established about a year ago.
Twitter was originally a simple group information service called twttr, developed by Jack Dorsey of the podcast company Odeo.
Odeo failed in podcasting and was acquired by a group of employees who decided to focus on social networks.
In March 2006, Twitter was founded by Jack Dorsey, Noah Glass, Biz Stone and Evan Williams, and officially opened to the public on July 15.
Simply put, Twitter can be seen as a product similar to China's Weibo, except that it later developed into a global social media platform, and in Barron's previous life, it was acquired by Musk, the richest man at the time, and renamed X.
Twitter is currently in a very early stage, and IC Capital's $5 million investment did not even require Ivanta to personally inquire, but was completed by sending an investment manager.
After Woaw acquired DoubleClick and YouTube, IC Capital held 812 million shares of Woaw Technology, accounting for 16.92% of Woaw's total share capital, becoming its second largest shareholder.
Although the subprime mortgage crisis has begun to show signs since February this year, it has not spread to the entire American stock market until now, and even various stock indexes have continued to climb to new highs after the Internet bubble crisis.
Woaw Technology's stock price has also been rising due to the increase in its users and advertising revenue. It has now exceeded $6.8 and is heading towards $7.
It's not just Woaw. The stock prices of Internet technology companies including Microsoft, Google, Amazon, Skype, etc. are all rising. It can be said that the stock market is now thriving. The sharp drop in the stock prices of subprime-related companies is just a "small episode".
Taking advantage of this time, IC Capital began to reduce their holdings of Woaw shares.
Of the total 812 million Woaw shares they hold, 660 million shares were previously mortgaged to obtain funds to invest in the Black Swan Fund. But when selling YouTube last time, IC Capital received $350 million in cash in addition to Woaw shares.
After returning part of the loan to the bank, they also "unlocked" some of the mortgaged Woaw shares.
IC Capital's goal is to reduce its holdings of more than 200 million Woaw shares by March next year, reducing their holdings of Woaw shares from 812 million shares to about 600 million shares.
It is expected that as Woaw's stock price rises, it should be able to obtain $1.4-1.5 billion in funds.