BXBX NOVEL Chapter 89: Chapter 89: Waiting
"A major incident happened with Tianyu Group, and none of you were at alert! You even let people borrow all the Tianyu Group\'s stock..." one manager angrily scolded.
"Manager, we really did not expect such a big issue with Tianyu Group." One of his subordinates replied with a bitter smile.
"Not expecting it, not expecting it... what is the company paying you for? Huh? Yesterday, when the video incident of Tianyu Group was on the rise, you should have paid attention! There are limits to the margin trade price, how did you impose such restrictions?" The manager raged even harder upon hearing his subordinate\'s words.
"I..." His subordinate was at a loss for words.
There are indeed limits to the margin trade price. If a stock from their securities company wasn\'t traded that day, the price for short-selling would not be lower than the closing price of the day before. If there were trades, it would not be lower than the last trade price of their securities company.
However, unless it was a special period, such as the imminent arrival of an evident bear market, they would generally engage in low-price trading to prevent their customers from being unable to margin trade. This would promote their business growth and increase customer loyalty.
But this was an unspoken rule; they couldn\'t openly discuss it.
They also did not expect that when they weren\'t paying attention, Tianyu Group\'s stocks had all been lent out. By the time they reacted, the other party had already started to dump the stocks of Tianyu Group.
Similar situations had occurred in other securities companies that held stocks from Tianyu Group.
At present, it was evident that Tianyu\'s stocks were about to plummet.
But the stocks from their company had already been borrowed by others.
They could only look on helplessly as Tianyu\'s stock prices kept falling. Once Tianyu\'s stocks fell to a certain level, the other party would buy back the same number of stocks and return them. That would deal a huge blow to these securities companies, as it would saddle them with immense losses.
It could be said that those who fell into Lin Yun\'s trap were not only the board members of Tianyu Group but also these securities companies.
...
The technicians from the major portal websites were also left exasperated and with countless complaints.
The expert was back again.
Unfortunate for Tianyu Group; they had offended such a god indeed.
When encountering such a situation, they were helpless.
However, it must be said that the traffic on their websites increased significantly today. They really didn\'t know whether to thank this mysterious expert or not.
...
At Qingyun Hotel,
Lin Yun\'s several brokers, who were watching the fluctuation in Tianyu Group\'s stock prices until the end, were almost stunned.
At Qingyun Hotel,
Lin Yun\'s several brokers, who were watching the fluctuation in Tianyu Group\'s stock prices, were almost shocked.
Just after they completed their operations, in a short span of ten minutes, the trading volume of Tianyu Group\'s stocks had abruptly increased from six or seven hundred million to over two and a half billion.
Such vicious dumping of stocks was unseen before.
As professionals, they easily analysed that this was definitely not due to Tianyu Group merely playing around with their own shares—it was far from being a deliberate attempt at making a catch.
This was because even the processing fee for a deliberate catch would not be a small number.
There was simply no need. It might even backfire.
Therefore, there was only one possibility...
Tianyu Group was facing a major change!
Moreover, this change would cause the stock price of Tianyu Group to fall significantly!
Therefore, so much capital was fleeing rapidly!
Upon thinking this, their views towards Lin Yun unsurprisingly shifted.
At this point, they were almost certain that these dumped stocks did not belong to Lin Yun.
Because it was a joke to dump nearly 2 billion worth of stocks just for a short sale of three or four billion.
It must be... Lin Yun had some inside information!
Lin Yun knew in advance that there would be a major change in Tianyu Group, that Tianyu Group\'s stock price would plummet!
Moreover, Lin Yun received this information even before the top executives of Tianyu Group did!
What\'s more, Lin Yun could control when this information would reach the top executives of Tianyu Group and how many of them would receive it!
Becaause, when they started short selling, there wasn\'t much other short selling power!
When they started dumping, a considerable force rapidly joined in!
Then following that, a relentless force kept on dumping!
Stocks worth nearly 2 billion could not be without the involvement of the top executives of Tianyu Group!
Those who received the stocks were likely top executives of Tianyu Group who hadn\'t heard of the news yet!
It had to be said, these traders were not simple. They managed to grasp the overall situation just by observing changes in stock prices and trading volumes!
However, precisely because of this, they felt that Lin Yun\'s background was even more mysterious and unpredictable!
Because only an uncommon force could manipulate a group with a market value of over ten billion as they pleased!
However, they were all astute and although they guessed as much, they didn\'t reveal their suspicions!
Soon enough, Lin Yun left.
Before leaving, he instructed two bodyguards to stay in the suite and be ready to take orders from the six traders at any time.
In fact, this also served the purpose of monitoring the six traders to prevent them from contacting the outside world.
The completion of this matter went even smoother than he had expected. your-NovelFire-story
Zhang Zhongguo\'s cooperation was also commendable.
Lin Yun smiled faintly.
When Zhang Zhongguo and the other directors were manipulating the stocks, he had already hacked into their surveillance devices. He could see every movement they made.
He didn\'t expect Zhang Zhongguo to be so cooperative.
Purchasing over two billion worth of stocks all at once, some of which were from collections, borrowed, or financed, Zhang Zhongguo would definitely be affected by this.
After reading the background of the other party, he didn\'t feel a bit of sympathy for Zhang Zhongguo\'s situation.
Not to mention, Zhang Zhongguo was the father of Zhang Tianyu, who had plotted against him.
As things progressed, all he needed to do was wait for time to pass.
As expected, Tianyu Group\'s stocks would be limit-down every day for a while.
The process would be quite boring, and he wouldn\'t need to stay there for it.
He hadn\'t been to the Golden Dragon Building for two or three days, and didn\'t want to waste the resources it offered.
The daily income of ten spirit energy points was also a decent benefit.
He felt that Star Blue\'s words made a lot of sense.
He had obtained the Cosmic Trading System, which was an enormous opportunity. As long as there were no accidents along the way, he would eventually become a leader, or even an absolute leader. The entire civilization\'s resources would be at his disposal. He didn\'t need to rush for material resources, nor did he need to sell or acquire them urgently.
Because these material resources, whether acquired early or late, would always be there.
Only the spiritual energy emanating from the intelligent life was what he needed to pay attention to and was an inexhaustible resource.
If he didn\'t absorb and refine it, this spiritual energy would dissipate into the void and slowly disappear, completely wasted.
An hour later, Lin Yun had already had his meal and rushed to the Golden Dragon Building.
At this time, the stock market had also opened.
Just as he expected, Tianyu Group\'s stocks were limit-down.
Even more, the number of limit-down-limited offer shares had increased by several tens of thousands of shares.
At present, there were almost no buyers.
The frenzied hedging from the morning was no longer occurring.
Just a few sporadic trades here and there.
Lin Yun found a place to sit down on the eighth floor of the Golden Dragon Building, closed his eyes slightly, and began to rest.
The balance in the Cosmic Trading System was slowly increasing.