Brown picked up the newspaper from the ground, glanced at it quickly, and his face turned ashen.
He was unaware of these negative news reports until today, and only now does he realize the seriousness of the situation.
“Big Class, what do we do now?” Brown asked anxiously.
"What do we do? Arrange a sell-off immediately!" Newbijian practically roared. "As soon as the stock market opens, sell all of our Hongkong Land shares! No matter the price, even if it's ten dollars lower than the current price, or even one hundred and fifty dollars, as long as we can get rid of them quickly! Hurry! Get it done right now!"
"Understood! Big Class, I'll arrange it right away!" Brown didn't dare to delay and turned to run out, afraid that even a second's delay would cause greater losses.
Niu Bijian paced back and forth in his office, his anxiety showing no signs of abating.
He looked out the window at the Hong Kong Island street scene and felt only gloom.
He knew perfectly well how damaging these negative news stories could be.
Hong Kong Island stock market investors are already prone to following trends, so once they see negative news about Hongkong Land Group, they will inevitably sell off their shares frantically, causing Hongkong Land's share price to plummet.
He could only pray that Brown acted quickly and could sell all his shares before the stock price plummeted.
He also holds a 2.8% stake in Hongkong Land, which, based on yesterday's share price of HK$170, is worth nearly HK$300 million.
If he can sell successfully, he can make a lot of money, but if he can't sell and the stock price plummets, his losses will be incalculable.
Time ticked by, and Newman's mood grew heavier and heavier. He kept checking his watch, hoping the stock market would open, yet also dreading it.
Finally, it was time for the stock market to open.
Newbie immediately returned to his desk, picked up the phone, and dialed Brown's number: "How's it going? Have they started dumping? Is anyone willing to take over?"
On the other end of the phone, Brown's voice was tinged with panic: "Taipan, the market has opened! But... but Hongkong Land's share price plummeted as soon as it opened! It's already down to HK$120! That's a third lower than yesterday's closing price! The market is full of sell orders, there are absolutely no buy orders! Our orders have been placed, but there's been no response at all!"
"What?! It's dropped to HK$120?!" Newman felt a buzzing in his head and his vision went black. He never expected the stock price to fall so quickly and so drastically.
The price dropped from HK$170 to HK$120, meaning his shares instantly shrank by tens of millions of Hong Kong dollars. And this was only the drop within the first few minutes of trading; at this rate, the share price will likely continue to fall.
"Keep the order! Lower the price even further! HK$110! No, HK$100! If someone buys it, sell it immediately!" Newbie shouted into the phone.
“Understood, Big Class! I’ll adjust the price right away!” Brown’s voice was trembling with tears.
Niu Bijian hung up the phone, put his hands on his desk, and gasped for breath.
He was filled with confusion. How could things have turned out like this all of a sudden?
Damn it, why did Kobayashi Tenno have to reveal himself at this time?!
Couldn't it be a few days later, until I've sold off all my stocks?
He originally thought that even if the stock price fell, it wouldn't fall this badly.
But now it seems that the level of market panic has far exceeded his expectations.
He sat in the chair, restless and anxious, each second feeling like torture. He kept checking his watch and picking up the phone to ask what was going on, but each time he received bad news.
"Taipan, the stock price has fallen again! It's already below HK$100! It's HK$98 now! Still no buyers!" Brown's voice came through the phone again, full of helplessness.
Niu Bijian closed his eyes, took a deep breath, and struggled internally.
At HK$98, the price was much lower than he expected. If he sells now, he will have lost more than HK$100 million.
But he also knew that if he didn't sell now, the stock price would definitely continue to fall as the negative news continued to spread, and the losses would be even greater.
This loss would have been insignificant to Jardine Matheson.
As long as the stock hasn't been sold, the loss is only on paper value.
But now he's planning to cash out at a high price, isn't that a dilemma?
Jardine Matheson is not the same company it used to be. For Jardine Matheson today, any sum of money in the hundreds of millions is of great importance.
"List it at HK$90!" Newman said through gritted teeth, his heart bleeding. "No matter the price, sell it as soon as you can!"
“Okay! I’ll put it up for HKD 90 right away!” Brown replied.
Niu Bijian hung up the phone, leaned back in his chair, and looked extremely pale.
He stared at the ceiling, his heart already filled with regret.
If he hadn't been so cautious a couple of days ago, and hadn't been so insistent on selling at the peak, but had instead decisively sold everything, even if the price had been lower, he wouldn't be in such a passive position now, and his losses wouldn't have been so great.
Every stock trader has had countless moments of regret like this.
Unfortunately, buying and selling stocks depends heavily on timing, opportunity, and luck.
Stock market investors' thoughts of selling and buying often change in an instant.
But now it's too late for Newbijian; there's no going back.
He only hoped to recoup some of his losses, and then, after he sold everything, if the Hongkong Land Group stock price plummeted again, he could buy it back at a lower price, or even raise funds to buy back more shares.
However, at that moment, the television in the office suddenly started broadcasting news – TVB and ATV were simultaneously airing news.
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