Chapter 347 The Fluctuating Stock Price



The next morning, the sun did not rise as usual, and the sky was gloomy. The weather in August is like a girlfriend, changing its face in an instant.

Before long, a light drizzle began to fall from the sky, like a thin veil covering the earth.

In the chairman's office of Citron Research, the three financial giants had already gathered there in advance.

The middle-aged man glanced expressionlessly at the white-haired old man and the long-haired man, then asked in a nonchalant tone, "How much money did each of you raise today?"

The white-haired old man hesitated slightly before answering first.

"Today I raised a total of $7 billion, but... I promised my friends that I would give them 10% of the profits as a reward after the deal is done."

After listening, the middle-aged man smiled with satisfaction. He then turned to the long-haired man and asked, "So, how's the situation on your end? How much money have you raised?"

The long-haired man collected his thoughts for a moment, then answered calmly.

“Your Excellency, I have successfully raised $6 billion, of which $1 billion was drawn from our family business.”

Upon hearing this, the count, sitting in his office chair, pondered for a moment, secretly making plans in his mind.

He thought to himself that the two of them had raised a total of $13 billion, and with the $8 billion he had raised before, their total funds had reached $21 billion.

He slowly sat up straight and said seriously.

“Yesterday we thought it was William and his group who were causing trouble, but after investigating we found out it was actually a group of retail investors. I feel like I’ve lost all face. We’ve been ripped apart by a bunch of sheep. This is the biggest humiliation of our lives.”

These three financial tycoons never expected to be fleeced by a group of retail investors, resulting in a loss of over 10 billion yuan in just one day. For them, this was an utter disgrace.

A ruthless glint flashed in the eyes of the white-haired old man opposite him.

"Your Excellency, we have sufficient funds today. This time, we must teach them the difference between sheep and wolves," the white-haired old man said viciously.

The long-haired man laughed.

"Even if there are a million retail investors today, we will make sure they never return. We will make these brainless fools lose everything. I have decided to give each of them a tent so they can sleep on the street."

The white-haired old man chuckled, "You give them tents, and I'll give them a loaf of bread every day, so they're neither full nor starving. I'm going to torture these idiots to death."

No one could have imagined that such a kind-faced and gentle old man could be so vicious; he was no more venomous than a snake.

"Knock knock knock".

There was a knock on the door.

"Come in," the middle-aged man said loudly.

"Click!" Old Hei pushed the door open and came in, then casually closed it behind him.

She then approached the middle-aged man and immediately asked him a question.

"Your Excellency Earl, the market is about to open. When should we launch our media offensive?"

The count thought for a moment and then said.

"We'll act ten minutes after the market opens. Let those bastards have their fun first. This time, we're not only going to fleece retail investors, but I'm also going to turn those wealthy Chinese in Chinatown into paupers, so they'll know clearly that anyone who goes against Citron Fund will not have a good ending."

After he finished speaking, he waved to Old Black.

Old Hei understood and turned to leave.

Ten minutes later, the US stock market officially opened.

Electronic Arts stock remains the focus of everyone's attention today.

The stock price of Electronic Arts Games was slowly rising, increasing by one point in just three minutes.

The sound of keyboard typing could be heard coming from the top floor of the Trump Hotel.

Zhang Guoheng and his associates are increasing their investment and continuously buying shares of Electronic Arts.

Sitting in the middle, Chen Ze calmly watched the continuously rising curve on the screen. He guessed that many retail investors had made money yesterday and were spreading the word among their friends. Now, a large number of retail investors were pouring in, causing the stock price to continue to rise.

Just as Zhang Guoheng and his team were operating methodically for ten minutes.

Citron Research launched a media offensive, and a large number of articles suddenly appeared in major financial media outlets predicting the downfall of Electronic Arts (EA) stock, claiming that EA's games were about to face a major crisis and that their products had serious vulnerabilities.

The stock price dropped by one point instantly, followed by a large influx of short positions.

As short orders flooded in, Electronic Arts' stock price began to fluctuate wildly, quickly plummeting to $9 per share.

More than two billion US dollars evaporated from the accounts of Zhang Guoheng and his associates in an instant.

Zhang Guoheng's fingers flew across the keyboard, and fine beads of sweat appeared on his forehead.

"Mr. Chen, the other party has started dumping shares, and we are now suffering heavy losses."

Chen Ze stared at the fluctuating candlestick chart on the screen and snorted coldly, "As expected, it's here."

He looked up and snapped his fingers at the trading team in front of him, "Activate Plan A, and send out all the funds prepared yesterday."

Upon receiving the order, the group immediately launched a counterattack.

Meanwhile, in a building on Wall Street, the Earl was sipping red wine and admiring the green numbers on the screen.

“Look, these poor bastards are still struggling to survive,” he said, pointing to the few scattered buy orders that had appeared.

The white-haired old man squinted: "Something's not right. These payments are too predictable..."

Suddenly, the stock price curve jerked upwards as if pulled by an invisible hand.

The long-haired man dropped his cigar: "Fuck! It's algorithmic trading."

My dear reader, there's more to this chapter! Please click the next page to continue reading—even more exciting content awaits!

Continue read on readnovelmtl.com


Recommendation



Comments

Please login to comment

Support Us

Donate to disable ads.

Buy Me a Coffee at ko-fi.com
Chapter List