It came earlier than expected.
Xing Baohua thought that with so many companies on the other side, they would at least need someone to lead them and get them working together in the same direction.
If twenty or thirty companies were to operate separately, each doing their own thing, it would be very advantageous for Xing Baohua.
It now appears that international speculative capital, led by figures like Socrates and Buffett, has formed a united front.
Concentrate all your forces and have a fierce battle with Xing Baohua.
A short while later, Xing Baohua received a call with some bad news: international speculative funds had increased their investment to around 15 billion yuan.
Moreover, the Hong Kong Monetary Authority granted permission.
With such news reported, what confidence do investors have left?
The only odd thing is that while the other two stocks were falling slowly, the telecommunications sector saw no support and its decline was quite rapid.
China Merchants Group is snapping up aerospace physics stocks, but who is helping Huahong Bank with the buying spree?
Xing Baohua called Xie Yingying again, asking her to bring the documents to Huahong Bank and quickly transfer money to the account he had bought.
The secretarial team is also blocking all incoming calls. No one else can contact Xing Baohua.
This guy needs to keep an eye on the trader for a while.
Yu Shenghai and the people from the investment department are keeping an eye on the company's main account.
Now they are waiting for Xing Baohua's order to decide which stock to support.
As the market neared its close, Xing Baohua saw that the stock price had fallen to around 50%. He smiled slightly and called Yu Shenghai, telling his team to release ten million shares into the market.
Everyone was dumbfounded upon hearing this.
What happened to the promised market support?
What happened to the promised market support?
Many friends and relatives had already bought in large quantities. Who would have thought that Xing Baohua's first order would be to release the stock?
This is like someone who thinks the company's stock price has fallen too low, so they personally kick it a couple of times to make it seem more miserable. Don't they know that the ones who suffer the most are the retail investors?
That's outrageous!
The experts and analysts were all cursing Xing Baohua in their hearts, and their faces were also grim, but the orders still had to be carried out.
With this release of the goods, the market value of the three companies has already disappeared by more than a billion Hong Kong dollars.
Those who strongly supported Xing Baohua's stock price increase are heartbroken. They should have shorted it too!
Little did they know that the more they shorted at this time, the more one-sided the market would become.
Time is of the essence, and the market is unpredictable. Xing Baohua anticipates a slow decline, giving retail investors some breathing room.
Plans are no match for change, and ideals are no match for reality. Since the other side has made their move, let's play along.
Isn't the goal to lower prices?
Then release the goods.
Conversely, Xing Baohua holds a large number of stocks, all of which are near the opening price.
"Drop it down ten points, open all short positions, 100% leverage, 80% of the shares will be sold off." After Xie Yingying finished visiting the bank and all the funds were in place, she quickly called Xing Baohua. That's when he said so generously.
All 200 accounts opened positions. Each position held 10,000 lots.
Finally, the market closed. Xing Baohua didn't let the accounts that had fallen out exit; instead, he waited.
The entry of ten million shares into the market had a catastrophic impact. The chain reaction caused all three listed companies to fall, with only aviation logistics and banking stocks declining by less than 20%. Huahong Telecom suffered the most.
Poor kid, the stock price jumped 78% in just one afternoon.
This led to the experts starting to hurl insults at Xing Baohua that night.
They criticized Xing Baohua for being shameless and disregarding the lives of retail investors.
But they couldn't explain why Xing Baohua would smash himself.
They would just give a few perfunctory words to get by, but the main point was to incite everyone to criticize Xing Baohua, which caused them heavy losses.
Xing Baohua went to Xiao Tian's private room and asked, "Have you figured out the connection points for the 200 accounts? Why don't we test it with 100 accounts first?"
Xiao Tianna said, "The operation is easy to operate. I can set up the transaction in the backend, but the traces are very obvious. I can't remove them. If the traces could be removed, it would affect a large number of people."
"There's no way to make it look natural."
"Yes, there is a queue order. These orders are queued based on time. I can move the orders of our 200 accounts to the front. I can modify the code and logs in the server. But I can't change the traffic traces. If you look carefully, you can still find the traces of the changes."
After Xing Baohua sat down, he took out a cigarette and offered one to each of them. After thinking for a moment, he said to Xiao Tian, "Let's give it a try first. We only have one night. We'll work on it and find the problems as we go."
Xiao Tian had no choice but to nod.
Throw away the cigarette butt and get to work.
Xing Baohua just wanted to prioritize placing orders for today.
Because the market will continue to fall after it opens tomorrow, and he has short positions, how can he let the company buy his orders when he is selling?
Once an order is placed, the system and the buyer will know who makes the purchase during the flash sale, so this queuing mechanism is very important.
Xing Baohua's strategy was to release the goods through the main account, driving the price down to the lowest point, while his insider trading account would take advantage of the situation and place a short order.
Once the price was right, Xing Baohua would exploit a loophole in the stock trading system to prioritize the purchase of short positions by the company's main account.
In other words, it's a peer-to-peer transaction.
The money and stocks were all in Xing Baohua's hands; it was just a matter of transferring them from one hand to the other.
This is to prevent others from competing for his orders; if his order is placed and the goods end up going to someone else, he can no longer play the trick of controlling the market.
The only thing that doesn't belong to Xing Baohua is the stock trading system itself; the equipment and network are all his. Now, using Xiao Tianna's technology, he has also successfully hacked into the system and has it all under his control.
If he can't even crush those international speculative investors, Xing Baohua might as well go find a block of tofu and smash his head against it.
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