Chapter 60 61.16% (Today is really important, please read it later)
On January 18, even though the Hassenfeld family tried desperately to protect the market, a large amount of media coverage still undermined the confidence of many investors.
At 4 p.m. that day, when the market closed, Hasbro's stock price had fallen by 10%, experiencing two circuit breakers in the middle.
Fortunately, it lasted until the afternoon market closing, otherwise it would have fallen even more sharply.
But that's just the beginning. After the news of the Transformers movie was announced, Hasbro's stock price continued to grow by 21% within a few months.
Besides, news is now only spread on the Internet, and print media has not yet made any efforts. Most of the people who trade stocks are office workers, and some of them are relatively unfamiliar with surfing the Internet.
Therefore, the impact has not yet exerted its true power. Wait until tomorrow, and it is foreseeable that Hasbro's stock price will continue to fall.
As the sun rose, newspapers across the United States were delivered to households one after another. The entertainment news was always the gossip that people loved to read during breakfast, and the interview with Eric naturally caught their eyes.
There is nothing much to say. After the New York Stock Exchange opened at 9:30, Hasbro's stock price began to fall again, and those shareholders who were holding on to their stocks yesterday were also panicked.
A few hours later, the glaring red curve had jumped down several times and then broke again.
The stock price at this time has reached US$30.3 per share, almost the same as a few months ago.
At Sweetwater Manor, Eric lies on the bed enjoying the service of Chloë Sevigny.
"Eric, if Sergei Hassenfeld can't find me, he will definitely go look for you. I think he should have arrived in Park City. I'm afraid he is asking around for your whereabouts. They are very worried right now."
"Don't worry, Dad. I'm hiding in a safe place. He can't find me. Besides, even if he finds me, he can't do anything to me. We are all people of status and position. We won't be like the little hooligans who don't follow the rules."
"Well, anyway, you better be careful. Hasbro's stock price has fallen back to where it started. Even if they stick to the rules, I'm afraid they might even want to eat you up now."
"Hahahaha, I'm just a spoiled kid who wanted to fulfill his dream of becoming a director. That's what the media said. He should blame the tabloids!"
At this point, Charlie Cooper's voice sounded a little worried, and he asked tentatively, "By the way, speaking of this, were those interviews of yours a joke? Did you deliberately release false news?"
Eric knew that no one believed he could be a director. Even his father thought it was just a ploy. After all, any normal person would think so.
If there is one person in this world who trusts me unconditionally, it is probably my mother. This lovely woman will support me in everything I do without reservation.
"Of course not. We must keep our word. Even if this is really a game, we must play it to the end. Otherwise, Sergei and Alan will probably really stab us with a knife!"
"But what are you going to do? After all, this is a $150 million production, Eric. This is not a joke!"
"Dad, have you forgotten? I have already hired an assistant director and several assistants. I am just a figurehead on the set. They will help me complete it."
The person on the other end of the phone finally breathed a sigh of relief.
"Since you have a plan, I won't ask about the movie. I expect Hasbro's stock price to continue to fall by a few percentage points tomorrow, but it's almost over, so get ready to close the net."
“How much money can we use now?”
"US$1.1 billion is already the maximum amount. We also need to reserve funds for this year's projects. After all, the investment will not bear fruit until at least the end of the year."
"1.1 billion again? This seems to be my lucky number, oops!"
"Eric, what's wrong with you?"
"Nothing, just a mosquito bite."
"Dad, I'm going to die. I'm going to kill a mosquito."
On the other end of the line was Charlie Cooper's puzzled voice: "There are still mosquitoes at this time of year?"
"Yes, a very big mosquito."
"Then what do you use to fight?"
On January 20, a new round of market started at the New York Stock Exchange, and as expected, Hasbro's stock price continued to fall.
However, the rate of decline today slowed down significantly, and it continued to fluctuate until it fell by 6% at noon, which seems to have bottomed out.
As time passed, the rate of decline slowed down further, until one o'clock in the afternoon, when it fluctuated up and down like a wave line. After falling by 6.6 percentage points, it seemed to have an upward momentum.
Then the curve began to rise slowly, and rose by 1.5 percentage points half an hour later.
Then the upward momentum began to gradually accelerate. When the time came to three o'clock in the afternoon, Hasbro's stock price had been pulled back to a position close to the original point, and the shaking of the curve graph was even more exciting than the heart rate graph.
In this situation, it is obvious that someone is protecting the market, and the public naturally thinks of the Hassenfeld family.
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Maybe they are really involved in this, but the Cooper family obviously plays a greater role. No matter how much these retail investors sell, Charlie Cooper secretly directs them to buy. The current price is much lower than that of the previous few days.
In just a few hours, he had fired more than $600 million worth of bullets.
But in the stock market, there is a saying that confidence is more important than gold. Once investors’ confidence drops, it is not so easy to get it back.
At this time, there are still many retail investors selling. The idea of these people is also very simple. If I don’t sell now, what if the stock price falls further later? Will the market give me a second chance?
Moreover, it was already past three in the afternoon, and the market would close in less than an hour.
And if the stock price continues to fall tomorrow and the main force has run out of bullets, no one will come to support the market. Selling now may result in a small loss, but waiting until tomorrow may result in a greater loss.
So half an hour before the market closed, the curve chart began to fluctuate rapidly, until almost four o'clock, when Charlie Cooper's funds were completely exhausted.
After investing a full $1.1 billion, Hasbro's stock price was finally pulled back to the original point and even increased by 2%.
These $1.1 billion worth of stock, if converted, account for approximately 16% of Hasbro's market value.
In other words, if the Cooper father and son gathered all these scattered shares into their own hands, the Cooper family would most likely become the second largest shareholder of Hasbro.
As for the issue of paying taxes during the process, of course the method of donation is adopted, using the exemption amount to achieve reasonable tax avoidance.
As the closing bell rang, the stock market game ended, and the Coopers and their sons had a phone call.
"Don't worry, Dad. I get it. It's time for me to perform again."
"We'll see tomorrow."
Today's data will determine the next round of recommendations, so please be sure to read it. Thank you very much! Thank you Bai Ye Yong Shu for the 333 coins reward. Thank you, big brother.
(End of this chapter)