Fortunate enough to transmigrate, and born into a landlord's family, I will never lack food or clothing in this life, yet I don't want to just drift along. So, Fu Xiaoguan casually did a fe...
What happens if everyone is selling but no one is buying?
When the shopkeeper of Xida asked this question tremblingly, Wu Wenhai was slightly stunned.
"How is this possible? This problem doesn't exist at either Jinling or the Sitong Bank on Wofeng Road!"
"I've learned about it in detail. Those two Sitong banks also issued stocks, and many people bought them crazily. After the market reopened, many people who sold them regretted it."
Wu Wenhai shook his head. "It's impossible to sell them all. There will definitely be a lot of people buying them like crazy later!"
The shopkeeper of Xida was inexplicably uneasy, hoping that he was just overthinking it.
Stocks were a brand new thing. Although they performed extremely well in the Yu Dynasty, no one in the Yi State really understood their power.
The funds from the Yu Dynasty stock market entered various companies and were invested in various industries!
This was carried out under the supervision of Sitong Bank!
Although it was just as irregular, Fu Xiaoguan kept it in check. During the economic upturn of the Yu Dynasty, if Fu Xiaoguan did not deliberately do something bad, there would not be any big problems.
But no one in the Yi State knew about these restrictions. They only saw the surface and thought that this was something that would bring huge profits without any investment.
Fu Xiaoguan deliberately wrote a letter to Yan Hanyu, in which he explained in detail the many advantages of stocks, but did not mention any of its disadvantages.
He deliberately leaked the news to Yan Liangze. When the poor Yan Liangze got the letter, he investigated it seriously. Both the Jinling Stock Market and the Wofengcheng Stock Market proved to him that this thing was really useful.
——There is no flaw, he can lay eggs by borrowing chickens and get something for nothing. I don’t know what’s wrong with Fu Xiaoguan’s brain, he actually created such a great innovation!
Wu Wenhai glanced at the sky outside the window. It was only the end of the morning hour and the morning court had not yet ended. He thought that His Majesty was waiting for him to bring back good news.
"There are too many people outside, why not open the market earlier?" Wu Wenhai was getting impatient waiting, and the shopkeeper of Xida also felt that the days were passing by like years. "Then I will go open the market right away!"
The door of Bada Money House opened in the blue skylight!
It was bright inside with many lanterns burning, and at the gate were the guards sent by Yan Liangze to maintain order.
The people outside rushed in frantically, completely ignoring the drawn swords of the guards.
Wu Wenhai was still sitting in the innermost room, excitedly waiting for the manager of Xida to bring news about the stock price increase.
The shopkeeper of Xida was also standing nervously at the counter at this moment. He asked a waiter to go to the transaction board and write down the transaction price behind the 129 stocks - an increase of one or two taels of silver for each. This number would be updated after the actual transaction occurred.
People crowded around the counter.
"I want to sell a thousand shares!"
"I'll wait a little longer, it will definitely go up!"
"I'll take a look at the market. I heard that on the day the Sitong Bank in Wofeng City opened for business, all the stocks increased four or five times in just one hour."
"Then there's no need to worry. If you squeeze it for a little longer, you might be able to double your profit!"
The shopkeeper Xida listened carefully. It seemed that everyone was optimistic about this thing, so that was good.
But… the person who wanted to sell 1,000 shares initially was a little confused. “Hey, hey, hey, I have 1,000 shares of Jinyuan Textile’s Royal Stock. I need the money urgently. Anyone want to buy it?”
...Isn't it said that someone will rush to grab it?
How come no one takes over this?
There were a large crowd of people in the eight major banks, but not a single transaction was made.
People outside couldn't get in, so they were getting anxious.
"Those of you who have sold something, come out now. Those who don't want to sell it, come out too. I want to sell it!"
"Can the person inside please hurry up!"
"Who wants to buy? I have 10,000 shares of Tianyue Trading here. My wife needs them urgently for her baby. I'll sell them for two taels of silver per share!"
Still no deal, what the hell is going on?
Some people started to panic, including the manager of Xida.
Someone inside the Bada Bank shouted, "One hundred thousand shares of Jinyuan Textile, the asking price is two taels of silver per share... one tael and eight qian of silver per share... Anyone want them?! One tael and a half, I'll sell them!"
Still no one took over. The shopkeeper of Xida suddenly felt something was wrong. He turned and walked into the inner room. Wu Wenhai, who was drinking tea, smiled and asked calmly, "How much has the price increased?"
"...Sir, no transaction occurred."
"Oh...are you holding on to them and not selling them?"
“…No, no one bought it.”
"What?" Wu Wenhai was shocked. "Why is no one buying it?"
"I thought... could you please come forward and buy some? It would be better to let them know that someone is taking over."
Wu Wenhai thought for a moment and said, "Okay, if there are any Royal shares for sale, we'll buy them up and drive up the price before selling them!"
"Okay, since you said so, I will do it right away."
The shopkeeper from the west came out, and the man was still shouting, "One hundred thousand shares of Jinyuan Textile, one ounce and two cents of silver. If you miss this opportunity, you'll lose it..."
"Come here!" The shopkeeper of Xida interrupted him. "One hundred thousand shares of Jinyuan Textile, one ounce and two qian of silver!"
The man happily went to the counter to handle the transaction. Another person squeezed over and said, "I also have 50,000 shares of Jinyuan!"
"I also have 120,000 shares!"
“…”
Cold sweat broke out on the forehead of the Xida manager. In just half an hour, he took over 680,000 shares of Jinyuan Textile at one tael and two cents of silver per share.
The stock price rose to one tael and five cents of silver, but apart from him, the dealer, no one bought it. Instead, more and more people were selling it.
An hour later, because the dealer did not take over the shares anymore, the stock price fell back to one tael and two cents of silver, and then one tael... This was the capital, and more people panicked!
"Nine qian of silver, sold at a loss..."
"Eight cents..."
“Seven cents…!”
Two hours later, all stocks fell below the issue price.
Some people were crying loudly, some were cursing angrily, and some were even so angry that they wanted to smash the counter!
The manager of Xida was really panicked. After seeking Wu Wenhai's opinion, he bought another ten shares of Royal stock.
By noon, Bada Money House held ten royal stocks totaling 100 million shares - that is to say, in just one morning, all the royal stocks returned to the hands of Bada Money House.
The average purchase price was eight cents of silver, and the manager of Xida spent 40 million taels of silver!
However, other shareholders refused to accept this and asked, "Why are you only buying Royal shares?"
Aren’t they all published by you?
I want to sell it too!
The crowd was very excited. They had thought they could make a fortune, but now they were losing everything and there was a possibility that their money would become waste paper. How could this happen?
Money!
I earned all my life's money, and was cheated just like that!
"Pay me money!"
"Kill this old bastard!"
"I'm going to burn this bastard to death!"
“……!”