Gu Bai looked at the real-ti comnts on Hongye Building Materials, squinting silently.
"Chairman Gu, 1.5 million shares have been sold, and it’s already 5% below today’s highest price. Should we continue to place orders?"
Gu Bai lightly tapped his fingers on the table and slowly said, "Let’s pause for now and see how the market reacts."
With Gu Bai’s instructions, the two imdiately stopped their operations.
The 1.5 million shares order was enough for retail investors on the sidelines to digest for a while. It was the perfect ti to see what counterasures Zhu Hongye would take.
anwhile, at Hongye Building Materials, Zhu Hongye, who had just rested for a few minutes, was interrupted by a knock on his office door from a trader.
"Chairman Zhu! Sothing’s happening in the stock market. Just now, in just ten minutes, over a million sell orders appeared, and the stock price is fluctuating."
Upon hearing the trader’s words, Zhu Hongye imdiately set down the water cup he was about to drink from and headed straight for the trading room.
Several traders sat in front of computers, urgently using funds within their authority to reclaim excess stocks in the market. However, due to their limited authority, they couldn’t control the market.
In less than half an hour, another 3% drop occurred.
Zhu Hongye stood behind the traders, watching the real-ti market dynamics, silent.
"Chairman Zhu? Should we initiate the ergency plan to stabilize the market?"
Zhu Hongye hesitated for a mont, then slowly shook his head.
"No need. The current stock price is too high. Ten billion won’t stabilize the market. If we recklessly rush in, it could easily trigger a rebound."
The head trader nodded in agreent, "That’s right. The market is still elastic. Many retail investors on the sidelines should be able to absorb these sell orders. But without favorable news and large fund inflows, the current growth trend may not remain stable."
Zhu Hongye waved his hand.
"The current stock price is already inflated. A proper correction is a good thing. Let’s hold our positions for now and not intervene."
"Understood."
Although Zhu Hongye appeared calm, he couldn’t help but feel tense inside.
He knew this wave was probably a probing attack. The real drama hadn’t started yet.
.........
Gu Xin and Gu Si closely monitored the market. The original 1.5 million shares order had mostly been absorbed by retail investors, stabilizing the stock price at 2.3 yuan, with even a slight upward trend.
In the comnt section of Hongye Building Materials, discussions reignited as they saw the stock price slowly rise.
"I told you, it’s just a temporary market correction. I bet Hongye Building Materials sold so stock to stabilize the market. I’m not panicking. I even bought another 10,000 shares, now holding 30,000 shares in total!"
"I must say, this company’s vision is too small. With only a 100% increase, they already started correcting the market. If I were them, I wouldn’t manipulate the market until the increase reached 300%!"
"Wow, impressive! Count in when you get rich. I didn’t sell just now because of your comnt. It seems I was right—the stock price is rebounding."
"Go ahead, but I feel uneasy now. I only have 500 shares. I’m closing my position and exiting directly."
Gu Bai finished reading their real-ti comnts and smiled as he asked Gu Xin, "Gu Xin, how many of our orders have been taken?"
Gu Xin glanced and imdiately replied, "Of the 1.5 million shares, 1.3 million shares have already been sold."
"Continue and sell off the remaining 1 million shares."
"Understood!"
The retail investors, who hadn’t been excited for a few minutes, witnessed the market’s volatility again.
The original 1.5 million share order hadn’t been completely digested before another 1 million shares poured in. Many investors hoping to cash in hesitated again; the previously corrected stock price plumted again, hitting the limit down briefly.
"Damn, aren’t we heading for a Waterloo?"
"Where’s that 30,000 share big shot? Co out and explain what’s going on!"
"Forget it! I’ve already made enough in the past few days. I’m not greedy anymore. I’m closing my positions and selling!"
Instantly, besides Gu Bai’s order of 1.2 million shares, tens of thousands of shares appeared again.
The traders at Hongye Building Materials saw this and quickly reported to Zhu Hongye behind them, "Chairman Zhu! Another million shares of sell orders appeared, and today’s stock price has hit the limit down..."
"Predict if the market can absorb these sell orders!
If it can, estimate how much the stock price will fall!"
The traders suddenly beca busy.
Minutes later, a trader handed a report saying, "To stabilize the market, we need to absorb at least 500,000 shares. This way, retail investors will follow suit, which can stabilize current shareholders. Otherwise, it might cause current shareholders to follow suit and sell out."
"How much is the stock price expected to drop?"
"Below 1.8 yuan per share."
Zhu Hongye rubbed his temples and said coldly, "I’ll give you permission for 500,000 shares. Bring the stock price up!"
"Understood!"
After giving instructions, Zhu Hongye told his assistant beside him, "Notify all board mbers to gather in the conference room for a board eting!"
Zhu Hongye knew that if he didn’t co clean now, when the situation spiraled out of control, these shareholders put on the defensive would likely drag him to court.
As the board eting began, dozens of shareholders from large to small filled the conference room of Hongye Building Materials.
Sitting at the head, Zhu Hongye addressed the shareholders, "I believe you know why I’m calling this board eting. Just now, in the past hour, our company’s stock price has plumted, being hamred with 2.5 million shares in an hour, dropping from a high of 2.5 yuan to 2.05 yuan now. What are your thoughts?"
The shareholders exchanged looks among themselves until finally, soone stepped forward to voice their opinion.
"Chairman Zhu, should we apply for a trading suspension for investigation to the securities regulatory commission?"
Zhu Hongye gave that shareholder a cold look and sneered, "A few days ago, our stock price surged, and we didn’t suspend for self-investigation. Now that the stock price is falling, you want to run to the securities commission?
Do you think the securities commission is owned by our company?
I advise you not to count on the commission knocking on our door. Once they investigate, even if we’re in the clear, with the financial news coverage, even if we have a hundred mouths, we wouldn’t be able to clarify! By then, it won’t just be about the stock market crashing!"
"Then what good solution does Chairman Zhu have?"
At this mont, the shareholders who only knew how to grab dividends had no ideas left. Zhu Hongye beca their backbone.
Zhu Hongye hesitated for a few seconds before slowly saying, "I can guess who might be maliciously manipulating our company’s stock price this ti."
"???"
"???"
All the shareholders turned their eyes to Zhu Hongye.
"This ti, the person likely manipulating the stock price is Gu Bai from Black Swan Group. As for the grievances between and him, you should be aware."
One of the board mbers said, "Chairman Zhu’s son has already been arrested, right? Chaoji is young and made so mistakes, and he has been punished. Does Gu Bai still want to press his advantage relentlessly?"
"Exactly! You should always leave so margin for future encounters. Our Hongye Building Materials isn’t sothing to be easily manipulated!"
These people were like grasshoppers tied on the sa rope of interest, instantly uniting against a common enemy, if Gu Bai was targeting Zhu Hongye personally, few would speak for him.
Zhu Hongye said again, "It might not be because of my son’s matter."
"Then what is it?"
"So ti ago, Black Swan Group was under investigation from above, and it was my efforts behind it. Given Gu Bai erged unscathed from the review, with his background, he should know I was the one targeting him."
These directors really didn’t know about this layer of involvent.
For a mont, they glanced at each other in confusion.
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