mesbooks Chapter 141: Smashing Through U.S. Stocks, Shocking The Whole Country
Chapter 141: Smashing Through U.S. Stocks, Shocking The Whole Country
David, who received the instructions, knew the stakes were high.
Longteng Capital currently has approximately 34.64 million Yahoo shares left on loan from major institutions.
When the market closed yesterday, due to the continuous selling by Longteng Capital, Yahoo's market value had dropped from its peak of 300 billion to 280 billion, with one share worth US$200.
Longteng rented these stocks at an average price of about US$88, so in David's opinion, this transaction was a huge profit.
Now Li Xun must use some unconventional means to defeat Shun Zhengyi and the three major consortium's investments in the United States.
How to penetrate U.S. stocks? Yinwei had an idea after thinking about it for a while.
He ordered his securities traders:
"After the market opened, 15 million shares were sold at $120 per share!"
The old American operator thought he had heard wrongly. In the past, he had sold a small amount at a price slightly lower than the current stock price. Now that he was selling so much at $120 per share, wouldn't Yahoo's stock be about to collapse immediately?
"You heard that right, do you want me to teach you how to press the Enter key like this?"
Seeing that David's tone was wrong, his subordinates quickly promised to complete the throwing order.
At 9:30, the U.S. market opened as usual.
All the staff discovered this huge sales order.
The stock market immediately went crazy.
All financial institutions and retail investors felt that Longteng's traders made a mistake.
They will not let go of such a good opportunity to "buy the dip".
Retail investors and financial institutions rushed to the market, and all 15 million shares were sold out in just a few minutes after the market opened.
Many institutions are waiting to see the joke made by Longteng Capital.
David said again calmly:
"Continue to sell off all the remaining Yahoo shares and sell them at the price of US$100 US dollars!"
Another huge sell order of nearly 10 million shares immediately appeared in the market.
This time, all the major institutions were hesitant. They didn't understand what Long Teng was doing.
As a speculator, Long Teng would never make a large sale.
Finally, an institution discovered that Longteng had short-sold all its Yahoo shares a few days ago, and the shares it is selling now are all on loan!
What greeted everyone was huge sales orders from Amazon and Microsoft.
Longteng is selling rented stocks on a large scale at half price!
Only then did they realize that Longteng was going short on the U.S. 100 technology stocks.
Many people in the market who didn't know what was going on began to panic.
Seeing technology stocks plummeting, people began to panic and scramble to sell their stocks.
Some navy forces controlled by Long Teng also began to spread various rumors.
For example, the reports released by Yahoo are significantly falsified, and the profit is nonsense.
It directly triggered the collapse of US technology stocks.
There is no limit-down mechanism for U.S. stocks.
Yahoo's stock fell directly from the opening price of 200 US dollars to the closing price of 120 US dollars.
After receiving the news, Shun Zhengyi wanted to tear Li Xun alive.
Li Xun is very satisfied with the panic in the US stock market.
Quantum Fund once used the same method to deal with Hong Kong stocks. Li Xun prepared carefully for two years just to burst the Internet bubble of US stocks with his own hands!
Now Soon Zhengyi is also suffering the consequences of a massive collapse of his own investments.
This is just the beginning. After the Sakura Country's stock market opened, companies under the three major consortiums were also shorted one after another.
Already affected by the sharp drop in the US stock market, Sakura Country's stock market has been severely impacted, and Li Xun's actions are nothing more than adding fuel to the fire.
"Baga, Li Xun, this lunatic, does he want to die together?"
The three major financial groups gathered together cursed angrily.
"General Minister, Longteng Capital withdrew from the stock market half a month ago!"
"This was premeditated, why didn't you discover it earlier?"
The subordinates were speechless when asked.
He couldn't say that Long Teng had been selling off his stocks in the past year and investing his money in futures markets such as oil and gold.
At that time, everyone thought that Longteng was speculating in futures and preparing to go high in the futures market. The U.S. stock market was in full swing before. Who would have thought of today's crash.
Nowadays, the top-ranked large financial institutions are a little bit restless.
Of course they know that there are a lot of bubbles in US technology stocks, and they even control all of this.
Doing high-tech technology stocks is their collective behavior.
Even Li Xun’s Longteng Capital once participated in it and was the leader among them.
But Li Xun sold them in a blink of an eye.
Seeing that the chai was uncovered by Li Xun, they could only accept the facts in front of them and wait until later if they don't escape now.
After the market opens on a new day, all financial institutions are selling their stocks, trying to survive while still making money.
The U.S. stock market also fell again and again.
The worst thing was Yahoo, a company invested by Shun Zhengyi, whose stock fell directly to US$80 on the US stock market.
The body is shrinking.
His net worth has shrunk from 40 billion US dollars to 13 billion US dollars.
Yahoo is his most important investment and the investment he is most proud of, but now it has been slapped back to its original shape by Li Xun.
The collapse of Yahoo made Shun Zhengyi hesitate to move forward. Should he withdraw early or continue to hold?
At this time, he was still optimistic about Yahoo's development because he discovered that Qiandu was inserting advertisements into search results. [This business strategy allowed him to see the opportunity to greatly increase Yahoo's advertising prices.
That's why he didn't sell Yahoo stock.
But Li Xun obviously has no intention of letting Yahoo go.
He directly announced Yahoo's 1999 profit statement.
In Yahoo’s previous official annual report, advertising profits were as high as US$87 million, but in fact they were only US$42 million!
In order to keep its stock price rising, Yahoo falsified the data in its annual report.
This report once again triggered panic among stock investors.
Although Yahoo's CEO resigned and was investigated.
But Li Xun did not let go of Yahoo, which was struggling to death.
The Longteng branch sold the leased shares again, selling the remaining 10 million shares at a price of $10 per share.
This operation directly smashed Yahoo's stock price.
When the stock price plummeted to $15, Yahoo issued a statement to accept official investigation and temporarily delisted.
Shun Zhengyi's net worth once soared to 40 billion due to his investment in Yahoo.
Now he has fallen off the altar because of the Internet bubble, and because of successive investment mistakes, his net worth has dropped to more than one billion.
Even so, Li Xun never let Shun Zhengyi go.
He received a call from Li Xun.
"Li Xun, what do you want?" Shun Zhengyi said with red eyes. He had lost his original air and looked as embarrassed as a defeated rooster.
"Mr. Shun, I sympathize with your situation. I just want to know an answer. Who killed He Duoxiong?"
"Haha, you want to know what you can do to me if I don't tell you?" Faced with Li Xun's question, Shun Zhengyi simply smashed the jar and smashed it.
Li Xun sneered non-stop and said sternly:
"You should be lucky that you still have a net worth of more than one billion, but as long as I have a thought, you will immediately go bankrupt and fall into a debt crisis. Don't forget how much money you owe the bank?"
"If your net worth drops a little further, do you think you can still afford to repay the bank's debt?"
This undoubtedly caught Shun Zhengyi's Achilles' heel. It was inevitable to owe money to the bank for investment. He had never paid attention to that debt before, but now he is not as good as before, and he must sell assets if he wants to repay the debt.
But if Li Xun uses such underhanded tactics to make the assets in his hands worthless, he will have no choice but to declare bankruptcy.
Everything you have will be lost.
"You win, the one who plotted to kill He Duoxiong was the Sakura Royal Family, and the three major consortiums were also involved.
Li Xun was shocked by this answer. He didn't expect that the Sakura Royal Family was involved.
He could only put this matter aside for now and deal with the three major consortiums first.
The three major consortiums are now in a state of panic. They have seen what Boss Li Xun can do.
Even their owners are now drowning in the dot-com bubble.
And all of this was created by Li Xun.
They really wanted to compromise with the Li chaebol, but the other party didn't seem to want to give them this opportunity.
Just when they were thinking about how to get Li Xun to take away his magical powers.
The subordinates knocked on the door of the conference room in a panic and told them the bad news.
On this day, there was an extremely tense atmosphere at Sakura Country Exchange.
Due to the sharp fall in the US stock market in the past few days, the stock market of Sakura Country has also been affected. Coupled with Longteng Capital's continuous short selling, the operators of all securities companies are nervous.
I am afraid that the evil dragon Long Teng will sweep over me again.
On that day, a new stock called JICON was listed in Sakura Country. It is a medium-sized manpower dispatch company jointly founded by three major consortiums.
As a real industry, the three major consortiums felt that they had nothing to do with the Internet, so they relaxed their vigilance.
Ruisheng Securities is an important industry of Sanhe Consortium among the three major consortiums.
On this day, the operator of Ruisheng Securities received an order from above to sell fifty shares of JICON stock. In the tense atmosphere, the operator's hands shook.
A fatal error has occurred.
He will sell fifty shares for 720,000 yen and sell 720,000 shares for 50 yen!
Completed a completely opposite instruction.
When Ruisheng's top management reacted, there was a problem with the system of Sakura Country Exchange.
Due to the large-scale influx of investors, the order to suspend trading has been delayed and failed to be successfully issued.
This directly led to people and institutions who saw the opportunity to buy this new stock in large sums.
The exchange suddenly fell into chaos.
In just ten minutes, 200,000 shares of JICON were sold.
In order to stop the loss in time, Ruisheng Securities had no choice but to buy the remaining 520,000 shares, pushing the stock price to the daily limit.
Seeing that the matter could not be concealed, Ruisheng's senior management could only report the cause and effect to the directors of the three major consortiums.
"how so?"
They would not believe the statement that the operator's hands were shaking, and even the statement that the exchange system collapsed seemed a little weird to them.
"It must be Li Xun who is causing trouble behind the scenes. We will know after interrogating the operator!"
The operator with trembling hands has been controlled by the company. After he was arrested, he just kept crying and complained that his hands were really shaking, and he still feels sorry for him.
I originally thought that if I continued to interrogate him, I would be able to pry his mouth open.
The thugs sent them news that shocked them. The operator was so frightened that he committed suicide in fear!
This made the directors of the three major consortiums certain that Li Xun was behind the scenes.
Fortunately, the loss this time was not very big. The Sanwa Consortium only lost tens of billions of yen. For their size, this was only a small loss.
They figured they couldn't sit still and wait for death, they could do the same thing.
But where they didn't notice, the Black Dragon Society began to spread rumors.
The target of the attack was directed at the three major consortiums, saying that the three major consortiums operated the stock market, and many 50-yen stocks fell into the pockets of the top individuals of the three major consortiums.
No
Investors who knew the truth saw the U.S. stock market bubble, and various conspiracy theories emerged around them, and began to flee the stock market on a large scale.
This directly triggered the stock market crash in Sakura Country.
In particular, the listed companies under the three major consortiums have directly become the targets of investors' disdain.
The three major consortiums had to engage in crisis public relations.
But trouble came next.
They can force large institutions that bought cheap stocks to donate all their proceeds to stricken stockholders.
But what should individuals do if they buy cheap stocks?
They have no reason to force retail investors to give up their gains. Even if they go to court, they will still be responsible for their losses due to operational errors.
The matter turned into an unjust case.
Even if the background of the relevant retail investors is disclosed, the three major consortiums are still questioned.
Because one of the retail investors named Xiaoshou Chunlong actually bought a large number of stocks in just ten minutes, according to JICON's stock price. He made more than three billion yen in profit from the deal.
The public does not want to believe that a retail investor has the courage and ability to do this.
It is impossible for ordinary retail investors to buy stocks in such a large amount.
It must be as rumored that the top executives of the three major consortiums are seeking personal gain behind the scenes.
The three major consortiums cannot tell of their sufferings.
He could only come to beg for help. Xiaoshou Chunlong publicly accepted interviews with the media to explain the matter clearly.
But the strange thing is that this little-hand Chunlong is unable to get enough oil and salt.
No matter how tempting they were, Xiaoshou Chunlong just refused to come out.
During the delay, the three major consortiums suffered heavy losses, and their subsidiary Ruisheng Securities declared bankruptcy and entered liquidation.
Like a falling Dora domino, with the bankruptcy of Ruisheng Securities, the three major consortiums fell into the quagmire of bankruptcy. .