As the morning session ended, the late-night snack ordered by Lu Feng arrived. They ate while reviewing the day's trading, and the managers were quite optimistic about the deterrent strategy employed that morning.
"If we just continue with this approach in the afternoon session, we can get through the day."
Lu Feng shook his head and said, "No, you can't treat those people like fools. They won't dare to make any rash moves in the morning session, but they will definitely test the waters in the afternoon session. Once they realize that this is a window of opportunity, they will definitely fight tooth and nail today. So we need to be tough in the afternoon session!"
Lu Feng's guess was correct. Inside the Goldman Sachs exchange, everyone was having a meeting. They believed that the stalemate couldn't continue like this and that they needed to test the waters. They would find out what was real and what was fake once they clashed.
Moreover, both sides should have roughly the same amount of capital, so neither can expect to take the other out in one fell swoop.
After a quick supper, the afternoon session officially began. It was already late at night in Hong Kong. As trading started, sell orders began to pour in, and tens of billions of Hong Kong dollars began to challenge the 11.
"Eat it all!" Lu Feng said in a deep voice, "Pull it up! Pull it straight down to nine yuan and fifty cents!"
In an instant, the trading volume surged, not only were the tens of billions of Hong Kong dollars that had been thrown out absorbed, but the two hundred billion Hong Kong dollars that had been hovering above were also completely wiped out. In just a few dozen seconds, Lu Feng had consumed three billion US dollars.
At the Goldman Sachs exchange, everyone watched as the HK$30 billion was swallowed up, and a sense of fear settled in their hearts. Soros remarked from the side, "They really couldn't wait any longer; they're much stronger than they were this morning!"
"Hmph, do you really think I can fall into the same trap twice?" Robertson seemed to see through everything and said in a deep voice, "You just want to take me down at a low point and force me to increase my margin!"
“Everyone’s financial situation is similar, so we should trade at a high price and let him consume more US dollars!” said the Goldman Sachs executive.
If the transaction is completed at a high price, these short sellers will become longs. However, Lu Feng is not stupid. He will not push up the price at this time and waste his own funds.
So the two sides reached a stalemate again, and the market became comical: the bears became the bulls, and the bulls became the bears, with everyone trying to deplete the other's funds.
"Today we will only accept prices between 9.5 and 11 yuan. If they dare to short sell, we will dare to buy. With a large volume of transactions at this price, we will have more than 10% more funds than them!" Lu Feng instructed.
Time ticked by, and while the market appeared to be fluctuating wildly, trading volume was extremely low. Apart from that one minute when HK$30 billion was traded, the total trading volume until the close was only HK$50 billion.
As the market closed, Lu Feng finally breathed a sigh of relief. As long as the funds arrived on Monday, the outcome on Wall Street was already decided. The battle that had lasted for more than a month was finally coming to an end.
The sky outside was already tinged with a hazy white light. Over the past month, Lu Feng had gotten used to this work rhythm.
"No weekends off, everyone. Please work hard to compile this week's situation into a report and submit it upwards. At the same time, we need to review the week's events." Lu Feng clapped his hands and said, "Thank you all for your hard work!"
Although they kept saying it wasn't hard, their tired and unwilling expressions showed that they were already exhausted and couldn't take it anymore.
Lu Feng is doing well; he can go home and make regular phone calls without any problems. Apart from him, the team leader, the remaining six deputy team leaders, five managers, more than twenty traders, plus some currency professionals, make up a team of over a hundred people, all of whom live in apartments.
Under the principle of confidentiality, external contact is not allowed. Cameras are installed in the corridors of the residences, not to mention that the cameras in the exchange are the most advanced, requiring that the cameras can see the computer screen and see every transaction.
Lu Feng himself also needs to explain and report on every transaction. To put it bluntly, you can spend money, but you have to explain the logic behind your spending.
Lu Feng also felt a headache about Saturdays and Sundays, as he also had to write weekly reports!
After leaving the exchange, Lu Feng went straight home. Since he was unable to manage Hurricane Capital during this period, there were still some things he needed to do. Wei Yandan placed a three-person secretarial team at Lu Feng's house.
The main purpose was to report on the situation at the higher levels. When Lu Feng returned home, the nanny on duty told him that there were already a lot of documents piled up in the office at home.
At 5:30 a.m., Lu Feng went straight into the office he had set up in his home and started looking at the company's recent situation. Sharp had been under pressure for more than ten days and had temporarily suspended the cooperation between the two parties.
We're in an awkward phase right now. The technology for LCD displays has been pretty much discussed, and some things have even started to be tested. We were just one step away from cross-licensing of patents, but then this went wrong.
According to Zhu Lidong's report, the Japanese Ministry of Foreign Affairs is pressuring them to postpone the matter, otherwise the pressure will be too great. Some people in the United States are increasing their efforts, and some civilian groups are starting to exert pressure, demanding that the cooperation between the two sides be suspended, which has generated considerable public opinion.
Sharp even held a press conference to apologize, saying that it had hurt everyone's feelings.
Zhu Lidong was running around doing errands. Several department heads at Sharp had a good relationship with Liu Cheng, and they privately said that if things slowed down, it might drag on for several years.
Liu Cheng's idea was to temporarily suspend the research and development of LCD screens and make breakthroughs in other directions. He suggested the direction of wafer fabrication, and Zhang Rujing's team made great strides in this area. They could catch up with the international first-tier companies in two or three years at most.
Zhu Lidong, who comes from a marketing background, believes that they should ignore the patent for now and just use it. If the other party sues them, they will only have to pay some money. Even if they have to pay all the profits they earned to Sharp a few years later, they will still gain market share.
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