America's Road to Wealth

2001.

April 1st.

April Fool's Day.

On this day, when the market value of Sempra Energy Company was under the market's enthusiasm.

When it came to about 32 billion US dollars.

Smith Capital's safe house status for more than half a month has officially ended.

Smith Capital safe house status this time.

Mainly doing long international spot gold, that is, London gold.

This time, Smith Capital used 14.5 billion U.S. dollars, four times leverage, and 58 billion funds to enter the market when London Gold was around 235.00.

The average cost of opening a position is about US$240.00.

The standard lot of London gold is 100 ounces, which is equivalent to about 3.1 kilograms.

Calculated based on the average opening price of 240 US dollars / ounce.

A standard lot of London gold is worth 240*100=24,000 US dollars.

58 billion US dollars, holding a total of 2,416,666 lots of London gold.

One standard lot of London gold is 100 ounces, and one point of fluctuation is US$0.01 per ounce.

In other words, one standard lot of London Gold.

The profit and loss of one point are both 100×0.01 USD=1 USD.

Smith Capital holds about 2.41 million lots. If it fluctuates by one point, the profit and loss will be about $2.41 million.

When Smith Capital closed all its positions and left the market.

The real-time price of London Gold is $275.98.

This was the case when Smith Capital liquidated a large amount of funds and left the market.

As a result, its price has dropped significantly.

In fact, Smith Capital’s average exit position will only be higher.

Because profit retracement is a process.

Smith Capital left the market at the peak of 281.65.

Smith Capital’s final average exit position was $278.34.

A total profit of 3834 points was made.

In other words, interest, commissions, etc. are not included.

Smith Capital’s investment lasted half a month.

The total profit was about US$9.246 billion.

When David Mellon announced that the safe house status had been lifted, along with the total profit from the trade.

The entire third and fourth floors gave out huge cheers.

Amidst cheers, the staff on the first and second floors.

They also quickly learned about the company's profit for half a month, and everyone cheered together.

The huge cheers of hundreds of people spread outside the building.

People who don't know, may think there is some kind of celebration going on here.

Those employees who had just joined the company were silently calculating in their hearts——

The net profit in half a month was about US$9.2 billion.

This result is already more than double Goldman Sachs' profit last year.

Last year, the five major investment banks and the five companies combined accounted for a little more than half of their total profits.

It is GE, the largest company in the United States by market capitalization, which accounted for 130% of last year’s profits!

Wall Street practitioners who are extremely familiar with these data are also employees of Smith Capital.

They all know that once this kind of information is released.

The king of Smith Capital has been dubbed the "Moses of Finance."

The already dazzling aura around him will become even more dazzling.

And there are 280 traders on the third and fourth floors.

He also got his wish and received their high bonus.

Twenty-eight team leaders, each with a bonus of US$100,000.

Two hundred and fifty-two members, each with a bonus of $50,000.

This news is also related to the company's profit this time.

All personnel in the company were notified together.

It makes all other people in the company who are not involved feel extremely envious and jealous.

In addition, the company does not have confidentiality requirements.

These news also spread throughout Wall Street in a very short period of time.

Wall Street workers, hear this news.

First don’t believe it, then confirm its credibility.

They also became envious, jealous and hateful towards those two hundred and eighty people.

Wall Street executives had different reactions after hearing the news.

Among them is Sally Winston, CEO of PNC Financial Services Group.

and Warren Buffett, chairman of the board of directors of Berkshire Hathaway.

The reaction of the two men was that they quickly arrived at the Smith Building.

This is not the first time that Sally Winston, the CEO of PNC Financial Services Group, has come to the Smith Building.

Including this time, it should be three times.

Because it was around the 20th of last month.

Smith Capital has just announced that it will launch a comprehensive acquisition offer for Sempra Corporation.

Sally Winston came once.

When Sullivan Winston came over that time, he came to ask for shares.

Same with Warren Buffett.

Last month, PNC Financial Services Group also bought 4% of Smith Capital.

The conditions are exactly the same as those of Berkshire.

In other words, now Sally Winston is the same as Buffett.

Both are already shareholders of Smith Capital.

Fourth floor, Abel's office.

On the sofa in the sitting area.

The two giants of American finance.

Buffett and Winston each held a cup of Geisha coffee that David Mellon brewed for them personally, and were sipping it lightly.

David was wearing a suit at this time and looked very capable.

David, CEO of Smith Capital, confirmed the news to the two shareholders with a smile.

"Gentlemen, what you heard is not wrong."

"That's right. The company you invested in has earned more than $9.2 billion in profits in the past half month."

"You heard that right, it's $9.2 billion."

"Pure profit~"

David Mellon is in high spirits at this moment.

This 35-year-old son of one of New York Mellon's branches.

Never expected that.

I was originally an ordinary senior MD of Goldman Sachs.

It can actually be a year and a half later.

Being able to interact with figures like Sullivan and Buffett on an equal footing.

David Mellon couldn't help but look down at Abel.

The descendants of Andrew Mellon know all this because of the young man in front of them.

".Oh~"

Sally Winston said happily:

"No wonder I went out this morning and picked up a Lincoln on the ground!"

Lincoln as told by Sally Winston.

Of course he was referring to Abraham Lincoln.

The image of this American commander is printed on the American one-cent coin.

In many places in the United States, there is such a legend:

【If you pick up a penny coin, you will have good luck all day】

This is a joke that all traditional Americans understand, and of course everyone present understands it.

Everyone knows that this is Sally Winston's happiness.

Warren Buffett had a smile on his face, and the stock god couldn't help but said:

"How can you make money by doing precious metal futures?"

As a shareholder of Smith Capital.

Buffett and Sullivan certainly know that the main investment battlefield of Smith Capital in the past half month is international spot gold.

"No, dear Warren." David Mellon said with a smile:

"It's not about making money by doing international precious metals. It's about Abel Smith making money by doing international precious metals!"

“In fact, it’s not just international precious metal futures.”

"Whatever our King Smith wants to do."

"Then Smith Capital can make money there!"

David Mellon’s words reveal his infinite admiration for Abel.

This made both Buffett and Winston realize.

Abel's authority in Smith Capital is unstoppable.

David Mellon, who just turned from general manager to CEO, is simply a fan of Abel.

"alright."

At this time, Abel finally smiled and said:

"It's just 9.2 billion U.S. dollars. It's not 92 billion U.S. dollars. I don't think it's anything to show off."

When Abel said this, his tone was very calm.

Abel's own mood at this time was really just like what he said.

But it sounded particularly harsh to the ears of Winston and Buffett who were present.

Earning 9.2 billion US dollars in half a month actually said it was nothing special.

That pits the chairman of Berkshire Hathaway against the CEO of PNC Financial Services Group.

At this time, I almost wanted to pour the coffee in my hand on Abel.

Of course.

They just think about it.

After all, they have all invested in Smith Capital.

The more Smith Capital makes, the happier both of them are.

"That's right." Buffett and Winston heard Abel say.

"Sampla Energy can close the network."

Abel smiled and said to the two of them:

"Give you two two days."

Hearing Abel say this, Buffett is okay.

Sally Winston, who was only about fifty years old, suddenly became excited.

"Got it," said Sally Winston happily.

Buffett nodded:

"I guess it was also in these two days. Yesterday, I had already started selling."

Sullivan suddenly realized - "No wonder it fell to $109 yesterday. You should have been selling at that time, Warren!"

Buffett shrugged:

"When others are crazy, I am afraid. When others are afraid, I am crazy. This sentence is often useful."

David Mellon had no idea what these two American financial tycoons and Abel were talking about.

Not long ago today, Smith Capital just ended its safe house status.

That is to say, except for that time when I spoke out and spoke live to the TV station.

David had his first contact with the outside world today.

David was not very clear about the outside world at this time.

Abel explained to him: "It's a matter of Sampra Energy."

"Oh." David Mellon nodded:

"I just took a look. The real-time stock price is already 120 US dollars. It's crazy. Is Sampra really worth so much money?"

"That's right." After David finished speaking, he asked Abel:

"I also asked just now that there are very few applicants for our general tender offer contract. It has only reached 39% now and is still far away from 51%."

"Of course." Sally Winston said with a smile:

"Only Smith Capital is willing to pay US$68 per share. Now Sempra Energy's stock has risen to US$120 per share on the stock market!"

"Which fool would be willing to sell it to Smith Capital at such a discount?"

David Mellon was stunned, and he looked at Sally Winston, who was smiling.

Then he looked at Abel and Buffett, who were smiling.

Reminiscent of the conversation between the three of them just now.

David Mellon, who is also one of the elites on Wall Street, immediately thought of something.

Thinking of this, David's voice even became lower.

"You. Are you doing Sampla Energy?"

David whispered in surprise.

Abel responded calmly:

"Who said that? I am interested in Sempra Energy. I am optimistic about its future and am willing to make a comprehensive tender offer at US$68 per share."

"As long as the price is right, I can buy as much as I want. It's that simple."

Sally Winston smiled and said:

"Ha~PNC Financial Services Group believes that Sampla is a good stock that can make our investors make money, so why don't we enter the market?"

"Although Berkshire does not do much short-term trading, it does not do it at all. As long as it is beneficial to investors, Berkshire will occasionally do some short-term trading." Buffett said very seriously.

Although these three people said nothing.

But for David Mellon, it basically said everything.

This shocked David.

This is still a relatively young Wall Street elite.

He never imagined that the three people in front of him would actually play like this.

David Mellon even suspected that it might not be just the three people in front of him who were playing like this.

Many people on Wall Street may be involved this time.

Otherwise, it is impossible for Sempra Energy's stock to rise in such a short period of time.

In less than two weeks, my salary was more than doubled.

David smiled and cried: "Okay. Okay. I understand, I understand."

Qiang~Qiang

Abel tapped his own empty coffee cup.

"Mr. CEO of Smith Capital, don't worry about other companies' affairs for now. Just take care of your chairman's coffee cup. It's already empty."

"Oh~" David Mellon bent down and picked up the coffee cup.

Sally Winston drank up his cup of coffee quickly.

"Please give me another drink! Sir~" Sally Winston said with a smile.

Buffett calmly drank up his coffee and handed the coffee cup to David - "Excuse me, Mr. Mellon."

David shook his head and smiled, but happily went to make coffee for them.

In the entire Wall Street, there are only a few people who can make coffee for these three people!

April 3rd.

has been in the acquisition battle of "Sampla Energy".

Only reproduce the opinions of other newspapers and media outlets.

The New York Observer and the American Sun never express their opinions.

A newspaper and a magazine published two reports with similar content at the same time.

In the report.

American Pacific Commercial Bank announced that it will acquire 51% of California Pacific Electric's shares at a price of US$100 per share.

The transaction involves US$14.5 billion in funding.

Once completed, it will become the largest merger and acquisition in the U.S. business community so far this year.

Gavin Gausseau, CEO of Pacific Electric in California, USA.

The transaction was also confirmed at noon.

Gavin Gossow claimed that American Pacific Commercial Bank had posted a billion dollar guarantee.

As long as it is approved by the U.S. Department of Commerce, the transaction will be successful.

As soon as this news came out, the U.S. stock market was in an uproar.

One morning.

Sempra Energy has gone from a high of $130 per share yesterday.

They have fallen to US$120 per share at noon.

After these two news were announced.

In the afternoon, after the US stock market opened.

It began its downward spiral.

Wait until the evening when U.S. stocks close.

Sampra Energy, which peaked at US$125.5 per share yesterday, is now trading at US$109 per share.

That evening, Fox News, owned by News Corporation.

in its hour-long selection of news coverage.

Also report what happened today.

[. Smith Capital never adjusted the tender offer price during the one-month comprehensive tender offer period. It can be seen that Smith Capital is obviously not really interested in Sampra Energy! 】

[.Mr. Abel Smith, he played everybody. He made many people spend all their savings to buy Sempra Energy stock, raising the price to a place where Sempra should not be.]

[.But our Mr. Abel Smith turned around and bought a better quality California Pacific Electric]

【.He fooled everyone! We were all fooled! 】

【.】

That night, Fox News was not the only one to say so.

Most financial programs have experts saying this.

Early the next morning.

Plenty of freshly released newspapers and magazines.

Similar opinions were also expressed in the report——

That is: [Abel Smith doesn’t really want energy at all! 】

[He is playing a game, he is running a rat position, he is raising the share price of Sampra Energy, and then he can sell it at a high price! 】

[What he really wants is the California Pacific Electric next door! 】

Similar reports came out.

Not long after the stock market opened that day.

Shares of Sempra Energy fell in response.

In one fell swoop, the price dropped from $109 to $90 per share.

When the market closed that day, Sempra Energy's share price was only $78.

At this time, the leeks in the U.S. stock market were already in a turbulent mood.

Due to pressure from public opinion.

The relevant U.S. department, the SEC, the U.S. Securities and Exchange Commission, had to stand up and say:

Smith Capital did nothing illegal.

Because during this process of Sampra Energy's stock price rising and plummeting.

Smith Capital, from beginning to end, has never used a general tender offer price of more than $68 to acquire any shares of Sempra Energy.

Likewise, I have never sold a single share of Sempra Energy stock for more than $68.

And not only Smith Capital, but also all companies in which Abel holds more than 10% of shares are involved in the Sampra Energy stock transaction.

To put it simply, Abel Smith insisted on buying one share for $68, and he did not buy or sell more than one share even if the stock rose or fell.

He made absolutely no profit on this transaction, not even a penny.

From a relevant legal perspective, what Smith Capital and Abel did was not illegal at all.

As soon as the SEC's investigation conclusion came out, the leeks were stunned.

But this could not stop Sampra Energy from plummeting the next day.

It fell to $68 per share.

Smith Capital, which kept its promise, finally started to take action.

It purchased unlimited shares of Sempra Energy at a price of $68 per share.

This finally brought Sampula's plummeting momentum to a halt.

It even improved a little in the process.

It once returned to $70 per share.

Then Smith Capital stopped scanning goods again.

This made the leeks finally understand that people just want to spend $68 to buy it.

No matter how many people there are, they will ignore it.

Since then, Sempra Energy's stock has finally stopped at $68 per share.

So it goes until April 8th.

Smith Capital announced that it has purchased 67% of Sampra Energy.

The absolute holding required by relevant regulations has been achieved.

Next, Sempra Energy will submit a delisting application.

Once successfully passed, Smith Capital will completely delist Sampra Energy at a price of US$68 per share.

At this time, the enthusiasm of the entire US stock market, large and small, has been exhausted.

That's it.

On the U.S. stock market, the 19-day acquisition war of "Sampra Energy" finally came to an end.

No need to wait later, I will continue to code, but I don’t know when I will finish it. Anyway, I will definitely have four chapters and 20,000 words every day this month, and I will stick to it even if I take medicine. In other words, there will be at least four chapters and more than 20,000 words tomorrow! I had diarrhea at noon and it didn’t end until after eight o’clock