Chapter 458: Chapter 458: Strike While You’re Down!
Wang Ben breathed a sigh of relief upon hearing that Young Master Wang was already rushing over. Now, they could only wait for Young Master Wang to arrive with a large amount of capital to support the market. Then there wouldn’t be any problems. Wang Ben never imagined that the stock market would experience such sudden changes. With no other options, he had to grit his teeth and continue to accumulate Jiai Energy’s stocks, trying his best to support the market. As long as the market didn’t crash, it would be okay.
When Young Master Wang heard what Wang Ben had said, he knew the situation was extrely serious. So, he drove recklessly to Wang Ben’s studio. Along the way, he found it hard to believe that anyone could challenge Wang Ben. After all, he paid Wang Ben an annual salary of thirty million, and Wang Ben was truly worth it. By trading stocks, he had managed to earn more than a billion for him each year. Among traders, Wang Ben was incredibly skilled. Many had tried to ss with Jiai Energy’s stocks in the past, only to be beaten back by Wang Ben, who had also managed to shear them clean.
However, today, the previously unbeatable Wang Ben admitted that he couldn’t support the market. What... what exactly was happening? Young Master Wang was also suspicious, wondering what was really going on and who was targeting Jiai Energy.
By the ti Young Master Wang arrived at the studio, he realized just how severe the situation was. Jiai Energy’s issue price was 26 Yuan per share, and the opening price today was 80.31 Yuan. But now, it was only 40.59 Yuan, and it seed likely to fall further. What in the world was happening, and why had it fallen so drastically...
"Wang Ben, what’s going on? How did you let it get so bad? What are you even doing?" Young Master Wang, staring at the data before him, was a bit stunned, but more so, he was furious! This sort of situation was almost unheard of in the stock market before, so what was going on? Who had the audacity to ss with Jiai Energy, tiring of living!
"Young Master Wang, I have tried my best to support the market. The studio’s funds... I’ve thrown it all in. Now, we can only slow down the rate of decline. Without financial support, Jiai Energy’s stock could continue to fall, perhaps even below the issue price..." Upon seeing Young Master Wang, Wang Ben imdiately reported the situation. Before Young Master Wang’s arrival, the studio’s 700 million in liquid assets had mostly been used to support the market, yet the stock price had not rebounded. Wang Ben was at a loss and now solely depended on Young Master Wang’s capital injection.
"What, how could it be so serious? Have you figured out who’s behind this? Such a big move can’t go unnoticed. Speak up, how much capital do we need now to stabilize the stock market?" Seeing how bad the situation was before him, Young Master Wang also knew he couldn’t bla Wang Ben; soone must have targeted Jiai Energy. Otherwise, it wouldn’t be like this.
"We have no clue who’s behind this, but according to a conservative market estimate, we need at least a billion to hold the price. There aren’t many stocks left in the market. With a billion in support, we can restore investor confidence. As long as they don’t continue to sell off, there shouldn’t be an issue." Wang Ben checked the current holdings and guessed how many external shares were left, proposing a relatively reasonable sum to Young Master Wang.
"I’ll transfer a billion to you first. Don’t let Jiai Energy’s stock fall any further, or you know what to do!" Young Master Wang said coldly, went over to a computer, and transferred a billion to the studio’s account. Jiai Energy was a cash cow which he would never give up, and he was certain that he could earn this money back in a few months. Therefore, Young Master Wang made the transfer without a mont’s hesitation.
Young Master Wang was now seething with anger, never imagining that soone would have the audacity to ss with his Jiai Energy. It seed they had a death wish!
"Alright, with this money from Young Master Wang, I can be confident. Don’t worry, Young Master Wang," Wang Ben felt relieved after hearing that Young Master Wang had directly allocated a billion. With this money from Young Master Wang, there shouldn’t be a problem in boosting the stock price.
"Good, I hope we can smoothly kick out the person who interfered." Young Master Wang now loathed whoever was behind this and was even contemplating who had the guts to go against Jiai Energy. Jiai Energy was Young Master Wang’s lifeline; nothing could go wrong with it. Thinking of this, he sat in a chair, pondering which enemy possessed such formidable stock trading tactics...
...
On the other hand, Chu ng instructed Lin Feng to slowly build a position when the stock price was below 50. Furthermore, as ti went on, to increase the speed but skillfully advised Lin Feng to only ensure they absorbed 30% of whatever was thrown into the market by others, letting market makers absorb and raise the price – which they couldn’t do right away because of the large volu of sell orders flooding the market. Driven by desperation, many retail investors were pushing the price down just to offload their stocks.
So, when Wang Ben used Young Master Wang’s billion to forcefully support the market, Chu ng and Lin Feng had nearly finished building their positions, watching the stocks begin to rebound without making a move. Unbeknownst to others, they had almost acquired a third of Jiai Energy’s total issued shares. Looking at nearly a third of the stock in her hands, Chu ng smiled again. With such a stake, they could play Jiai Energy any way they wanted. It was just a matter of waiting for the right mont.
"Junior Brother, this ti they must have injected funds, otherwise the price wouldn’t have been propped up. But this suits us just fine, we’ll give them another thrilling play in a mont," Chu ng had now completely reverted to her original state as a financial whiz, a status from a ti when every stock market around the world had dubbed her the ’Venomous Snake.’ Any stock targeted by Chu ng wouldn’t just die—it’d be skinned alive.
Even back then, there was a group of professional bandwagoners who would imdiately follow Chu ng’s moves on any stock she targeted. That was why, at the ti, companies listed on the stock market would pale at the ntion of Chu ng’s na, fearing they’d be her next target.
"Since they’re propping up the market, let’s stir things up again, make him bleed a bit more. But this ti, I reckon the heartbeats will be even more intense than last ti." Lin Feng looked at the current holdings, which were over three tis greater than before, and he couldn’t help but smile. Last ti had nearly caused Jiai Energy’s stock to crash. Who knew what it would be like this ti, whether they could withstand it or not.
"Alright, when I say start, we’ll start!" Chu ng said to her Junior Brother with a smile. Seeing that he was already talking like this, they just had to wait for the right mont to deliver a fatal blow to these people.
...
Watching the stock price gradually rebound under the operation of his super business team, Wang Ben also breathed a sigh of relief. As long as the price recovered, things would beco manageable. They could once again start jumping to siphon money according to their intended target. It seed the speculator who couldn’t stand the pressure had already left.
His team consisted of nearly a hundred people, each managing dozens of accounts to execute these operations. To take on this side head-on would require another massive studio backed by an ocean of funds. Wang Ben suspected that the ten billion that Young Master Wang had just injected to prop up the market had scared away the speculator. Although nearly ten billion had already been swallowed by the stock market, there was no other choice, and this was already the best outco.
However, just as the stock price was climbing and the market was getting active, just as the price had just broken through today’s opening price, reaching 81 yuan per share, an accident once again occurred.
"Boss, sothing’s gone wrong, soone is stirring trouble. Suddenly, a large volu of orders at 75 yuan appeared, and all the bandwagoners instantly went to buy those orders. No one is taking our sell orders, and the stock price is dropping again. What do we do, Boss?" A trader in the studio suddenly noticed a large number of orders at 75 yuan and imdiately panicked. It was a rising period, and such a large volu of orders at 75 yuan definitely ant trouble.
"We’ve just managed a recovery; we can’t let anyone stir trouble again. No matter how many orders there are at 75, buy them all!" Wang Ben was startled by the sudden turn of events. He had just managed to lift the stock price back up, and couldn’t afford any more surprises. Otherwise, if all the shareholders lost confidence and dumped their shares, the consequences would be unimaginable. Under such circumstances, there was no choice but to prop up the market again, co hell or high water; they couldn’t allow the stock price to suffer another major fluctuation.
"What’s happening?" Young Master Wang, hearing the commotion, hurried over to Wang Ben’s side and asked what exactly was going on.
"Young Master Wang, that person hasn’t really left. I don’t know where he got so many orders from, but every order being taken in the market is a small one. If my guess is right, the opposite side is a super large team with at least several hundred, if not a thousand traders; otherwise, they couldn’t have achieved this," Wang Ben explained.
"That’s impossible. Cloud Fund has the most traders, but they’re out of the ga. No one would dare target Jiai Energy with a fund of that scale. What’s going on?" Young Master Wang, upon hearing Wang Ben’s words, also found it incredible. The situation was too strange, and he couldn’t fathom who would target them. However, there was a nagging feeling in Young Master Wang’s mind—he seed to recall such sniper tactics from the past...
"I also find it impossible, and yet it’s happening right before our eyes," Wang Ben replied helplessly. He too couldn’t believe that such a large organization would target an obscure company like Jiai Energy—it simply went against all reason.
Chu ng watched as the traders from Jiai Energy fell right into her trap and burst into laughter. This was exactly what she wanted. Attack while the enemy is unprepared, take their life while they’re in chaos!
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