"What will happen?!" Newbijian interrupted rudely, with an almost insane confidence on his face, "We only sold 1.5%. Even if it was all eaten up by Xiaolin Tianwang, he is still far from 5%! Now he has not even declared it! The market has just returned to calm, and the price is still high! This is the best time to reap the benefits! Our last 'wolf cry' market stress test was very effective, and most investors have developed 'immunity'.
Rumors? We don't need to spread them this time! The market's memory is still fresh! We just need to create enough selling pressure to force the stock price to fall again. Those already nervous retail investors, those short-term traders who are following the trend at high prices, will not hesitate to join the selling again! Panic will spread like a plague! Will it fall to 70? Or even lower? We have the final say!
Niubijian's voice grew louder and louder, his speech faster and faster: "By then, we won't have 160 million in our hands, but more cash! 320 million! Or even more! Not only can we buy back the 4% we sold before at a very low price! We can also make a lot of money! The stock price will be easily raised by us! After two rounds, even if Xiaolin Tianwang has 5% in his hands, what can he do?
Not only will we be unscathed, but we'll also make a net profit of hundreds of millions of Hong Kong dollars, or even more! HSBC's loans? Australia's bad debts? They will no longer be a problem! "
He took a breath and forced a ferocious smile on his face again: "Execute! Sell them out as soon as the market opens tomorrow! We must not fail this time! I want to see the share price of Jardine Matheson return to below 80 before tomorrow's closing! And then buy back at least 2% to 4%..." His last order was decisive and carried an unquestionable pressure, as if to dispel the shadow lingering in his heart.
James looked at the almost paranoid madness in Newbigin's eyes, his lips moved, but in the end he couldn't say any words of objection.
The immense pressure and the long-accumulated respect for the CEO overwhelmed his rational concerns. He swallowed hard, straightened his body, and said with a trembling voice, but with a hint of determination: "Yes! CEO! I'll do it right away!"
He almost staggered out of the office and ran to the trading room to make preliminary arrangements.
Newbigin stood alone in his spacious office, the bustling Victoria Harbour outside the window seemingly cut off from him. The huge floor-to-ceiling windows reflected his slightly exhausted figure and the complex expression that tried to mask the uncertainty with madness.
He lit up another cigar and took a deep breath. Amidst the smoke, his eyes were fixed on the market display screen with flashing red numbers in the corner of his desk.
His fingers unconsciously stroked the blade of the pure gold letter opener, and the touch of the cold metal conveyed a faint sense of calmness.
The next day, as soon as the market opened.
The second massive sell-off began, a gamble with even greater stakes. Win, the sky's the limit; lose... Newbijian shook his head fiercely, dispelling the thought. He couldn't lose! The foundation of the Jardine Matheson Empire on Hong Kong Island couldn't be shaken in his hands.
Not long after Jardine Securities issued its trading order, a trickle of sell orders emerged, just like last time, and were quickly eaten up by the enthusiastic retail investors in the market at high prices.
Although Jardine Securities acted covertly, it could only deceive those retail investors who were not well-informed.
Meanwhile, in the Longteng Newspaper office, Gao Qiaohao's eyes nearly popped out of his head after receiving a market call. He exclaimed repeatedly, "Boss! Look! It's happening again! Jardine Matheson! It's Jardine Matheson again! The sell-off volume is approaching 2% again! Are they crazy? They still dare to sell?"
Lin Huowang stared at the price trend curve with sharp eyes full of ridicule.
"It's not madness, it's greed! They're gambling. They're betting that our funds are exhausted and we can't compete with them for low-priced chips anymore..." He sneered, with a cold sarcasm on his lips, "New Bijian, New Bijian, it seems that I didn't hurt you the first time, but made you more greedy. Do you still want to use this high-priced arbitrage trick again? Do you want to bring the price down and then make a profit? Dream on!"
He waved his hand fiercely and said decisively, "Takahashi-kun, please take out 1% of Hutchison Whampoa shares from our covert account and help the Jardine Matheson boss to drive down the Hutchison Whampoa stock price..."
The order has been issued!
Gao Qiaohao made one call after another, and stock accounts distributed in different brokerage firms and different seats were activated at the same time, targeting the familiar code: Jardine Matheson Holdings Group.
However, unlike Jardine Securities' strategy of selling in small quantities slowly, Gao Qiaohao's trader placed large sell orders.
The price of 100 offered by Swire Properties was instantly broken through because Gao Qiaohao's selling price was lower than that offered by Jardine Matheson Securities. Therefore, not much of the 2% of Jardine Matheson Securities was sold, but about half of the 1% controlled by Gao Qiaohao was sold at once.
The selling price was also precisely controlled by Gao Qiaohao at around 95, which made Jardine Securities very uncomfortable.
The sudden influx of large sell orders shattered their beautiful idea of slowly selling out at a high price between 110 and 120.
James immediately reported the latest situation to Jardine Matheson's boss, Newbigin. Newbigin also frowned and had a headache, but finally sighed and said:
"It seems other major shareholders have also seized this opportunity to sell their shares and cash in. Sell! As long as the price is above 90, we can sell. It's at least half the price of 60 or so. It'll just make less profit. We'll buy it back at around 70 in the end anyway. The more you sell now, the more profit you'll make."
With Newbijian's approval, the people at Jardine Securities no longer hesitated to place the sell order. Even though the price was pushed down to around 90 by Lin Huowang, they still placed the sell order.
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