Qingyun Hotel.
"this--"
The traders on Lin Yun's side were dumbfounded.
Just now, Lin Yun instructed them to quickly sell off their shares. Due to the selling restrictions on short selling, they clicked frantically until their hands ached.
Although, it attracted many copycats.
However, this method of dumping shares doesn't seem to be very effective.
If the opponent has a large amount of capital, a few large buy orders can easily reverse the effect of their sell-off.
The difference between taking a taxi and not taking a taxi is merely a matter of time.
Is this how Lin Yun plans to make money?
They were speechless.
If Lin Yun thinks he can make money like this, he's oversimplifying things!
Although Tianyu Group's stock fell by 4% or 5%, they made a considerable profit on paper. However, they couldn't buy back the shares. They didn't want to lose money, so they just had to wait for the other party to push the stock price up.
Fortunately, this is just stocks. If it were futures, they would be in danger. They have no chips left to continue dumping stocks. They have already borrowed all the stocks on the margin trading side. The opponent only needs to spend some funds to wipe out all the funds they have invested!
That would be a complete loss!
However, just as they were thinking this, something shocking happened!
Suddenly, sell orders of 10,000 lots appeared out of nowhere, rapidly driving the price down!
One lot is 100 shares, and 10,000 lots is 1 million shares, which is also the maximum number of shares that can be sold in a single transaction on the secondary market!
Even just now, when they were rapidly shorting the market, they rarely made such a large-scale move!
Most importantly, judging from the selling price of these stocks, they don't seem to be stocks traded on margin. Thinking about it, that makes sense. The major securities companies have almost exhausted their holdings of Tianyu Group stock. Even if the other party borrowed stocks from a securities company they didn't have an account with, they wouldn't have this many.
As these large sell orders appeared, Tianyu Group's stock price plummeted.
Tianyu Group's stock had just risen from a 5% drop to a 4% drop, and in less than half a minute, it plummeted back down to a 5% drop.
Another minute later, it dropped by six percent!
Another minute later, it dropped by seven percent!
Another minute later, it dropped by eight percent!
"So the boss had a backup plan!"
"It seems the boss had this planned all along!"
"I knew it, the boss's plan couldn't be that simple..."
Seeing Tianyu Group's stock price plummet so quickly while its profits surged, Lin Yun's traders were excited.
While they were excited, their hearts were also pounding again.
It's unclear how many backup plans Lin Yun has prepared.
They just borrowed about 25 million shares. Lin Yun probably didn't have that many shares prepared.
This is a stock, not a futures contract. Futures contracts can be shorted indefinitely, and you can make a profit as long as you close the position at a low price at the end.
A stock market crash means the loss of money.
Previously, short selling involved funds belonging to securities companies.
If you smash it now, you're just throwing away your own money.
If Lin Yun had sold the stocks he had stockpiled beforehand, he could have sold them at a much higher price than he is now, just for the sake of short selling over 300 million shares. If he had prepared too many stocks to dump, it would have felt like killing a thousand enemies while losing eight hundred of his own.
However, if you don't have many stocks prepared, can you dump them?
The opponent's financial resources and determination far exceeded their expectations.
The traders were once again filled with anxiety.
What if we end up losing even more money?
Although they were working for Lin Yun, the losses were none of their business; at most, they would lose their bonuses.
However, since they are the ones in charge of the trading, they don't feel good if there are losses.
pity……
They don't realize that the massive sell-off of stocks is a Pyrrhic victory, killing a thousand enemies while losing eight hundred of their own.
However, the eight hundred lost did not belong to Lin Yun.
As long as Tianyu Group's stock price falls, Lin Yun can buy shares at a low price to repay the margin loan, making him the biggest winner.
...
"Holy crap, this guy who dumped the stock is amazing..."
"The 'Ten Thousand Hands Brother' has appeared, but unfortunately, it's a sell-off..."
"Short-selling dog, short-selling dog, short-selling dog, damn short-selling dog..."
"Damn, what a fierce battle! A small market capitalization of just over 10 billion has seen its trading volume exceed 700 million in just one morning..."
"Are these people selling stocks because their whole family has died and they need money for cremation? Why are they in such a hurry to sell..."
Online, many shareholders who follow Tianyu Group's stock exclaimed in surprise.
Those shareholders who owned Tianyu Group stock and hadn't sold earlier, as well as those who bought Tianyu Group stock in the morning, all looked grim. They angrily cursed those who sold their stocks while resenting the powerlessness of the forces supporting the bulls.
"There are no more stocks available for short selling. Even if the bulls launch a counterattack and the price rises afterward, we can't buy stocks now, otherwise we won't be able to hedge our short positions later. Tianyu Group's stock price is very unstable right now; we don't know what will happen today, and we don't know what will happen tomorrow..."
Some stock market experts who hadn't yet made a move shook their heads.
In China's stock market, stocks bought today can only be sold tomorrow.
If you have access to short selling, you can buy shares, wait for the price to rise, and then sell the same number of shares short. This is equivalent to selling the stocks you bought today in advance and pocketing the profits.
However, now that there are no more shares available for short selling, we can no longer do that.
...
Tianyu Group Headquarters
"Speed up the buying! Don't let these sell orders push the stock price down!" Zhang Zhongguo said with a somewhat gloomy expression.
In just three or four minutes, another ten million shares were sold, along with many smaller sell orders, which added up to a considerable amount, causing them to spend nearly two hundred million yuan to buy more shares. He was furious.
The person who attacked Tianyu Group first shorted shares, then sold a large amount of stock. They were really well-prepared. This is not just a simple attempt to take a bite out of Tianyu Group, but a double bite.
"Chairman, we're almost out of money..."
The lead trader smiled wryly.
This is the third time he has said something like this.
Originally, they had prepared 500 million yuan to support the market today, but it was quickly used up. Just now, Zhang Zhongguo transferred 200 million yuan, and now that 200 million yuan is almost gone as well.
“You guys…” Zhang Zhongguo felt a tightness in his chest and didn’t know what to say.
Their Tianyu Group doesn't have much cash; 500 million has already taken out the vast majority of their cash reserves.
The 200 million yuan figure forced the chairman and several directors to carefully sift through their pockets and reluctantly hand over the money.
He originally thought that the 200 million yuan should be enough to get through the morning.
He will raise funds when the market closes.
Who would have thought that in just three or four minutes, the two hundred million yuan would be gone again?
"Oh no, all the funds are gone!"
Just then, the lead trader's expression changed, and he quickly spoke.
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