Xie Yingying took the documents that Xing Baohua had just mentioned and started running around Huahong Company to get the young shareholders to sign them.

Since the announcement was issued in the name of the board of directors, these documents and procedures need to be completed.

This is to prevent relevant departments from investigating.

Two hours later, the announcement was released, and the stocks of the three companies under Huahong, which had just turned green, immediately turned red.

Retail investors who had just bought in large quantities were crying out in despair.

Everyone knows that Xing Baohua is facing a financial battle, and tightening funds is necessary. But this announcement came at the worst possible time. What's wrong with Huahong? Does it really enjoy watching its market value evaporate? Does it really enjoy shooting itself in the foot?

Retail investors don't understand, but many knowledgeable people do. Suppressing their own stock price means letting the price drop to near the opening price.

This is a tactic.

It's a tactic, but it hurts retail investors. When powerful figures clash, these are the people who suffer the most.

They think they can understand the technical aspects of candlestick charts, but at this point, technical analysis is meaningless; it's all about the market maker's elaborate schemes to trap people.

Today, the Hong Kong stock market was mostly down, except for Wah Hong Group's stock, which showed a slight gain.

After the market closed, Xing Baohua called Haina CEO Yu Shenghai: "Tell the investment department's traders half an hour before the market opens tomorrow morning to place a buy order for 100,000 lots of Huahong Telecom at 28.60. Place a buy order for 100,000 lots of Huahong Bank at 53.75. Place a buy order for 100,000 lots of Huahong Aviation Logistics at 47.80."

It seemed like he finished taking notes over the phone before saying, "Okay."

Jin Xin, who was following Xing Baohua, heard his order and asked Xing Baohua, "Why hang it so far away?"

It's still about ten yuan away from the price Xing Baohua mentioned. Even if it drops, it can't fall to that price all at once. Unless it's a sharp, really sharp drop.

Xing Baohua said with a smile, "You don't understand. Some of the things we're doing are what the other side is doing too. This thing is like Texas Hold'em, full of deception and intimidation, making the other side think that you have a great hand, just scaring some people away."

"It sounds so noble, but isn't it just a lie?"

"Yes, he's a legitimate professional scammer, a licensed and tax-paying scammer. He just never scams ordinary people."

"Hey~ you're a big liar too."

Xing Baohua smiled happily and said, "I only scam people who are very rich."

Haina Company's main account made a move, placing an order half an hour before the market opened the next day.

A single order of 100,000 lots is a significant transaction. One lot equals 100 shares, which amounts to 10 million shares. If the order is successfully executed, the trading volume for that single day will exceed one billion Hong Kong dollars.

The problem is, the ticket is a bit far away.

What's the meaning?

Should I go long or short? If I go short, there's a difference of over ten dollars. But I'm afraid the price will immediately rise after I go short. If I go long, I'll have to wait a long time.

However, there are also many people who criticize Xing Baohua.

"That damned Xing Baohua! I just bought a long position in your company's stock, and you sent out a message to make the stock price drop. I just sold all my shares at a loss, and you put up a large buy order. Are you trying to kill us?"

These are some unlucky individuals who, like seasoned stock market investors, bought stocks they believed were promising, only to see them plummet after purchase and then immediately surge after sale. Why would anyone bother to trap you with stocks worth only a few thousand or tens of thousands of yuan?

It was just bad luck.

Haina Company's actions reached many people's ears just over twenty minutes after the market opened.

Some people don't understand it, while others do.

Xing Baohua gave a hint that he would establish a defensive line at this price level. So, should he make a profit of more than ten yuan?

Short position, short position.

Small institutions and retail investors, realizing what was happening, frantically placed short orders before the market opened.

The profit of just over ten yuan made their eyes red with envy.

When the stock market opened, Huahong's three stocks stood out as a red line amidst a sea of ​​green.

A gap-down opening is rare, but it happened today to an unusual company.

The stock price plummeted 15% within ten minutes of opening.

After a morning, all three of Huahong's companies had fallen below one yuan.

When the rate of decline accelerates, it indicates the formation of large short positions, which may suggest the involvement of large institutions.

"Jin Xin, tell the China Merchants Group that we'll raise our bid tomorrow and demand that Huahong Aviation Logistics suspend trading for one day for an audit," Xing Baohua said.

Jin Xin stared at Xing Baohua with wide eyes, puzzled.

"I don't have time to explain to you. Just do as I say."

Jin Xin nodded and said, "Are you trying to make them shit their pants?"