"boom--"

The stock price of Tianyu Group, which had just been driven up to a 7% drop, plummeted again to a 8% drop, followed by a 9% drop.

"Why didn't you say so sooner?" Zhang Zhongguo said, his face ashen.

"I..." The trader opened his mouth, but didn't know what to say.

Why didn't he say so sooner?

He just said that, didn't he?

He already said that, didn't he?

Zhang Zhongguo did indeed take out another 200 million yuan, but who would have thought that in just three or four minutes, that 200 million yuan would be gone again?

"I'm going to find the money!" Zhang Zhongguo didn't waste any more time talking to the trader, because he was running out of time. He picked up his phone and started making calls.

Half a minute... one minute...

Tianyu Group's stock price has remained stagnant at a 9% decline.

While on the phone, Zhang Zhongguo kept an eye on Tianyu Group's stock price. Seeing this, he breathed a slight sigh of relief.

The stock price has stopped moving. Could it be that the other side's strength is also running out?

It makes sense. The other party owns so many shares of Tianyu Group, so shorting their stock like this probably won't be easy for them either.

"boom--"

However, just as Zhang Zhongguo was thinking this, one after another, huge sell-offs came crashing down.

This instantly caused Tianyu Group's stock price to plummet to its daily limit.

A limit down means a drop of 10%, meaning the price cannot fall any further. This is a rule of the Chinese stock market.

Furthermore, the number of shares at the limit-down price began to increase rapidly, reaching over 100,000 shares in the blink of an eye.

Hundreds of thousands of lots is more than ten million shares.

Zhang Zhongguo's face turned pale, and his body swayed slightly.

"Hello, hello, Mr. Zhang, Mr. Zhang..." Zhang Zhongguo was momentarily lost in thought as voices kept coming from the other end of the phone.

"It's alright, Mr. Huang. What did I just say? Yes, I just said I wanted Mr. Huang to lend me 100 million. Um, at least 100 million. Mr. Huang, lend me as much as you can. Mr. Huang should know that our Tianyu Group's stock price has some problems today. I don't have time to talk to you anymore. Please transfer the money to my account as soon as possible..." Zhang Zhongguo came back to his senses and said hurriedly.

Now is not the time to be idling around. No matter what, we need to borrow the money first.

After hanging up the phone, Zhang Zhongguo sighed inwardly.

There are already over 100,000 sell orders at the limit down price.

Even if he borrows 100 million, it won't be enough!

"Hello, is this Mr. Li?" Zhang Zhongguo picked up his phone and dialed again.

His reputation is still worth some money.

Three minutes later, Zhang Zhongguo transferred the 100 million yuan that General Manager Huang had sent to the accounts of those traders.

Let those traders quickly acquire stocks.

Five minutes later, Zhang Zhongguo transferred 150 million yuan, which had been transferred by another partner, to the accounts operated by those traders.

However, it seems to be a drop in the ocean.

After spending the 100 million yuan, there were still over 100,000 lots of shares left at the limit-down price, which is more than 10 million shares.

It seems that even 150 million isn't enough to cover the expenses.

"Keep buying!" Zhang Zhongguo said through gritted teeth.

It's gotten to this point; there's no stopping now, so I can only keep buying.

Otherwise, once the stock price falls, it will be really difficult to raise it again.

What should they do with the large number of stocks they previously bought?

That was purchased using their group's working capital, with some of the money borrowed and pooled together by several directors.

Even if they sell at a low price, with such a large amount of stock dumped, how low will Tianyu Group's stock price drop?

So, having come this far, we have no choice but to persevere.

After saying that, he started making phone calls again.

These people dare to be so arrogant; he must make them pay the price.

He wanted to show these people that short selling is not an easy thing to do.

He's not having an easy time, and he doesn't believe the other side is having an easy time either.

Selling so much at the limit-down price, the other party really dared to sell.

It's just a short video, yet it caused Tianyu Group's stock price to plummet to its daily limit. What a joke!

"Boom—Boom—"

Like artillery fire, following Zhang Zhongguo's command, several traders clicked their mice, sending out massive buy orders one after another.

One transaction involves 10,000 lots, one million shares, totaling over ten million yuan.

A sum of 150 million can be obtained with just a few clicks of the mouse.

Immediately, the tens of thousands of shares at the limit-down price dwindled to only forty or fifty thousand shares.

"Buy on margin!" Zhang Zhongguo said coldly as he made a phone call while staring at the stock price on his computer screen.

There seemed to be no emotion in his tone.

Do you really think the other party can short sell shares, or that they can't use margin financing?

He's just cautious by nature. Even when trading stocks, he doesn't easily use financing. Besides, financing incurs interest, and since their group's money is just sitting idle anyway, why not use their group's money? So, under normal circumstances, he's not used to financing.

But now, he can't care about that anymore.

When you've already reached the point of borrowing money, what does financing matter?

It's just a little interest; it's nothing compared to the whole situation.

The 950 million shares purchased today can be used to raise at least another 950 million!

That means he now has an extra 950 million in funds!

He even has access to special resources, which allows him to access even more funds!

Margin trading is easier and simpler than short selling!

Because short selling is limited, and the other party doesn't have that many of these stocks, so they can't lend you more even if they want to!

Financing is virtually unlimited. As long as you have sufficient collateral and the risk is not too great, securities companies are willing to lend you money!

"Purchase with financing?"

Upon hearing Zhang Zhongguo's words, everyone's expression changed drastically.

They all knew that Zhang Zhongguo rarely used financing when trading stocks.

Once funding is secured, it's a big deal.

Moreover, the stock price has already fallen by 10%. When they try to raise it, they will need a lot of funds. What will they do then?

It's not that they can just pull the stock price back to its original level. They still have a lot of shares, and if they want to cash out all of them, they need to raise the price by at least 20%.

“Chairman, how about we let it go today? There’s too much panic selling right now. Let’s wait until tomorrow…” a director said hesitantly.

"What if the market hits the daily limit down again when it opens tomorrow?" Zhang Zhongguo glanced at the director and asked.

“If the market opens tomorrow and it hits the daily limit down again, we might as well buy today. It’s not that I don’t want to buy their shares at a lower price, but that would make it even more difficult for us to push the price up later. I estimate that they don’t have many shares left. After all, there are only so many shares that are constantly circulating in the market. How many can they possibly collect?” Zhang Zhongguo shook his head and said.

"Boom—Boom—"

Following Zhang Zhongguo's orders, the traders placed large buy orders one after another.

Immediately, tens of thousands of shares at the limit-down price disappeared, and Tianyu Group's stock price instantly rose by five percent.

On the internet.

The stock comment section of Tianyu Group exploded.

"..."

"Holy crap..."

"Hundreds of thousands of sell orders were absorbed. Is this a trap set by the market maker? Or is it a real battle between bulls and bears...?"

"How many people were scared and sold just now? Haha, let me tell you, this is the big players' scheme, they're just harvesting you gullible韭菜 (a metaphor for inexperienced investors) for profit. Just watch, it'll surge later..."

"I regret it. I sold when the price dropped by 8%. I should have waited a little longer..."

"I regret it too. I regret not buying when it hit the daily limit down price..."

"It's finally rebounded! Damn, that really startled me. I had 10,000 shares of Tianyu Group stock..."

"Ten thousand shares is nothing, I'll have a hundred thousand shares..."

Each active stock market investor offered a variety of emotional comments.

P.S.: Please vote for this book! Feel free to leave comments below. A small donation would be even better, just a dollar is fine, just to make the numbers look better and let me know you're all here. Your support is my motivation… Right now, this book's numbers are a bit precarious. I saw another urban novel launched today, without any strong promotion. Promotion is essential for any new book launch; books without strong promotion usually don't do well. But that book is doing better than this one! How can I not be alarmed and disheartened… Although it turns out that the other book's subscriptions are good, and my judgment was pretty good, the editor considers all sorts of data before the book is officially launched… Hmm… This week, this book's promotional position is quite bad, so I need even more success…