That evening, Fraser Poulsen spoke briefly to the media who were following up on the story. He said that Xing Baohua was unwilling to cooperate with them, but he didn't mention the details of the cooperation, let alone an acquisition.
When pressed by the media about whether AT&T would establish a branch office on Hong Kong Island, Fraser Poulsen gave an affirmative answer.
The news was released at night, and after it went viral, it was most directly reflected in Huahong Telecom's stock price the next day.
In one fell swoop, the drop exceeded 30% of Huahong Bank's decline.
It's hard not to want to be a leader.
“Even if we wanted to cooperate with AT&T, we couldn’t announce it now. What if the stock price went up? It would be difficult to bring it down then, and all our strategic plans would have to be readjusted and changed,” Xing Baohua explained to Jin Xin, who had come to ask the question.
"I just don't understand why you set it near the opening price?" Jin Xin asked.
“Space. The space to operate. Besides, it’s not just me who wants it, our opponents want it too!” Xing Baohua said.
"I still don't understand."
"The opening price is like the starting point. If the opponent wants to short, then the risk will be very high. But if they want to go long, then the opening price is the best support level, and there is a lot of room for the price to rise. They can make a profit. Didn't you see that the international speculative funds haven't moved much? This means that the opponent's main funds are all waiting for the opening price."
"You buy shares in the circulating stock market, and so do they. Is this kind of competition and scrambling really meaningful?" Jin Xin asked, puzzled.
“That’s interesting! I call it a buyback. The more I buy back, the fewer shares are left in circulation. With them vying for them, the stock price will rise to its ceiling. If the other side makes a takeover bid, I will force them to buy back the shares. If the stock price breaks a new high, in order to allow the shares to circulate, I will definitely have to release some shares. That’s when the shareholders make money, since it’s a high price.”
"So, you were also using the rules to cash out when you released the stocks back then?" Jin Xin nodded as if he understood.
"Actually, it's not about cashing out. It's called 'one push, one lift.' I still have to pay the premium stock price when I make the takeover bid. To make money, I rely on how many shares I release minus the premium stock price I repurchase. I earn the difference. The amount depends on how much the stock price rises. If it doesn't rise much, I'll lose money."
Xing Baohua was explaining some stock market matters to Jin Xin when the trader noticed something and quickly shouted to Xing Baohua, "Boss, a large short order has appeared!"
"Ten thousand hands, thirty thousand hands, fifty thousand hands..."
"The boss has almost 200,000 lots of shares now."
These 200,000 lots were not short orders placed by just one company, but rather the total from all three companies under Huahong Group.
Xiao Tianna saw from the backend that eight companies had been marked.
I could see their initial order price, and I also saw that some of them had set stop-loss prices.
However, this stop-loss price is a bit too bold, setting it 40 points above the target price.
Unless Xing Baohua can make his company's stock rise another forty points.
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