After Miracle Games' stock price was supported by a $1 billion order at 166.66, investors placed large buy orders before this figure, and the stock price continued to rise, breaking through one high after another.
This made George and the others very angry. They demanded that the previous 1 billion from Leopard Head be eaten up, and then asked to place a short order of 1 billion US dollars at 144.44 to see who would be fearless enough to rush in.
The trading manager went out for ten minutes and came back in again.
He said anxiously: "Mr. George, all the orders we placed before were eaten up in just ten minutes.
"What? He's already spent over three billion dollars. Where did he get all that money?"
"Has a white knight entered the scene? Who dares to go against the three of us?"
At this time, Patriarch Lauren, Patriarch Keswick, and Morgan’s butler George all had gloomy faces.
Finally, George said, "How much capital do we have left now, and how much borrowed stock do we have?"
"Mr. George, we only have 5.65 million shares left on loan, valued at $622 million."
"What? How come there are only so few stocks left? Didn't I tell you to keep borrowing?"
"Mr. George, we've already borrowed from all the banks on Wall Street, including those with whom we have good cooperation. Only a few are unwilling to lend, and the amount is not large."
The meeting room was dead silent, no one spoke.
Suddenly, another trader burst in and shouted anxiously, "Manager, this is bad! Miracle Games' stock price is at 188.88 and there's another $1.2 billion buy order. Should we continue to sell it?"
The traders came in and found the atmosphere wrong, but no one said anything.
All of them looked at him with red eyes. The Lauren family patriarch rushed forward, grabbed the incoming trader tightly, and shouted hoarsely, "How many buy orders are there?"
"1...1.2 billion US dollars to pay." The trader said haltingly.
“Puff.”
After hearing this, Chief Lauren suddenly spat out a mouthful of blood and fainted.
The scene suddenly became chaotic, and Chief Lauren was hurriedly sent to the hospital for emergency treatment.
George and the Keswick patriarch both slumped in their chairs.
Butler George said helplessly: "We lost. We can no longer borrow enough stocks. The outcome is already decided."
"We were really careless. Where did Bao Junyi get so much money and hide it so well?"
"Yes, he caught us off guard and kept pushing up the stock price with huge investments, attracting the attention of shareholders and institutions. With three consecutive flag-raising signals, even if market investors react slowly, they will join in. His dominance is already set," said Chief Keswick helplessly.
George said to the trading manager, "Buy back the stocks you sold earlier. We've already lost money. Let's see how much we'll lose in the end."
"Okay, I'll go right away." The trading manager rushed out and arranged for the traders to operate.
Miracle Games' stock price and trading volume continue to increase, with daily trading volume exceeding 50 billion US dollars, and it is still increasing and has not closed yet.
Stockholders, speculators, institutions and the three selling consortiums also joined in buying back stocks. If they could not repay the stocks they had borrowed before, they would face lawsuits.
However, there are still very few sellers, and the stock price has broken through a new high, exceeding $300 per share, and is still rising.
However, Julian Robertson began to sell gradually because the U.S. trading market was relatively sound and he needed to raise his hand if the price exceeded 5% at the end of the trading day. Otherwise, he could only sell below 5%.
So, on the Robertson Fat Tiger Fund side, traders continued to sell the stocks they had bought before.
Until the closing, the number of stocks was reduced to below 5%.
Miracle Games also set a record for single-day trading volume in the U.S. stock market, with a single stock trading volume of nearly US$65 billion.
Today, all American stock investors are in a happy mood, and business in bars and nightclubs is much better.
However, the three consortiums headed by Butler Morgan were not happy and suffered heavy losses.
The Morgan family lost more than 2.8 billion US dollars, the Keswick family lost 1.266 billion US dollars, and the Lauren family lost 1.036 billion US dollars. The patriarch is still in a coma in the hospital.
In this Miracle Games stock price game, Bao Junyi increased his shareholding to 36.4%.
Moreover, after this battle, Fat Tiger Fund earned 5.314 billion US dollars, earned more than 3.158 billion US dollars from short selling, and earned more than 2.156 billion US dollars from long selling, plus the previous principal of 7.845 billion US dollars and a portion of Miracle Games stocks.
Fat Tiger Fund is the biggest winner this time, having profited from both the short positions and the long positions. Apart from the three major investors, the ones who suffered the biggest losses are the Wall Street institutions that lent them stocks.
The next day.
Christmas.
All major cities in the United States are closed for the holiday, and the streets are filled with a strong festive atmosphere.
A large number of Christmas decorations are displayed in major commercial stores, streets, and shopping malls, and some staff members are all dressed in Christmas costumes and are busy working.
In residential areas, parents dress up as Santa Claus, stand at the door, and give candy to children who come to ask for candy.
The whole place was filled with a strong Christmas atmosphere. At the family gathering, people were eating turkey and laughter could be heard from time to time.
However, the depressing atmosphere in Morgan Manor in the United States is very heavy.
Butler George knelt below, lowering his head and not daring to raise it.
The old patriarch of the Morgan family, Lucy's grandfather, had a gloomy face and sighed: "George, you are also the third generation of housekeeper of our Morgan family. Your grandfather and father have done very well, but you disappoint me."
George trembled and whispered, "Master, I'm sorry. I was too careless and caused such a huge loss to the Morgan family."
"Perhaps you still lack the experience and training. Even though you hold a PhD in finance from Stanford University and have been by my side for decades, you haven't put it into practice."
"From now on, you will stay with us, study hard, and wait for the next opportunity."
George clenched his fist, then unclenched it, and said, "Okay, sir, I'll do whatever you say."
The third generation of George worked as a butler for the Morgan family. He wanted to use this opportunity to step into the spotlight, stand on his own and demonstrate his own value. However, his thoughts were extinguished by Bao Junyi.
Old man Morgan watched George leave and sighed helplessly. He knew what George was thinking, but he didn't catch it.
The young man in black said, "Master, the elders have just found out that the one who bought a large amount of Miracle Games stock after the press conference and shorted it at the same time as Butler George was from Fat Tiger Fund, named Julian Robertson."
"Julian Robertson was a star fund manager five years ago. He was also the most prestigious and youngest fund manager on Wall Street at the time, and the one who doubled his fund in the shortest time."
"This continued until the year before last. His fund company bought a large amount of short positions in crude oil. Then the Middle East war broke out and crude oil prices soared, resulting in heavy losses. Investors redeemed their positions en masse, and ultimately, the company went bankrupt."
Chief Morgan asked curiously, "Oh, that kid Bao Junyi actually found him?"
"Could it be..."
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