Sure enough, on this day, the Tianyu Group's stock price plummeted at the opening bell, and when it was down about two points, it was stabilized by a powerful force.
This made many investors who intended to short the stock of Tianyu Group but did not have time to do so not continue to short the stock.
Some of them continued to bearish Tianyu Group's stock, but they wanted to choose a better point. They thought that the stock might be pulled up a bit later. Wouldn't it be better to go short when it reached a high price?
Some other investors with ulterior motives, however, thought that it was too coincidental for black videos about Tianyu Group to suddenly appear together on the homepages of those nationally renowned web portals. Maybe it was just Tianyu Group acting on its own?
Tianyu Group has made a series of big moves recently. Maybe they have discovered a big profit project. The senior management of Tianyu Group wants to get rid of retail investors and go it alone, so they are pulling the strings behind the scenes to recover their stocks.
After all, those black videos of Tianyu Group have become popular too quickly. No one would believe that there is no force behind them.
If it wasn't the Tianyu Group executives leading the show themselves, but someone else targeting them, and the Tianyu Group executives responding, they might have kept pushing up the stock price to reassure people, or even announced a few major good news. After all, in the stock market, there are too many stocks that rise despite major bad news.
Some bold investors even went long at this point and bought the stock.
It had already fallen two points, so as long as it pulled back up a bit, they could make a profit by selling short in time.
This is how the stock market works. For the same stock, for the same event, at the same time, some people are bullish, while others are bearish.
However, at the moment, most investors are bearish on Tianyu Group.
In the Xia Xia country, only stocks that can be used for margin trading can be borrowed to go short. Tianyu Group's stock happens to be one of these, which is also the reason why it attracts so many investors.
...
Qingyun Hotel, the suite where the six traders are located.
'Boss, the Tianyu Group's stock price is falling rapidly. We just had time to short sell just over 200,000 shares. Now the stock price has fallen 2%, should we continue to short sell?'
One trader looked at Lin Yun and asked quickly.
'Just had time to short sell just over 200,000 shares?' Lin Yun frowned.
Tianyu Group's stock is now around 15 yuan, and just over 200,000 shares is only 3 million yuan.
'There's nothing we can do. No one is bullish on Tianyu Group's stock today, and not many people are picking up the shares. At the beginning, we were lucky to be able to short sell more than 200,000 shares. If the boss were to redeem the bonds now, we could make almost 30,000 to 40,000 yuan,' the trader shook his head and said.
They just shorted the stock, not at yesterday's closing price, because today's opening price was much lower. Moreover, the price of the bonds they sold plummeted rapidly. It was almost like they were in a hurry. It was still because they were quick to act that they made a 1% profit.
'If you sell the bonds now, you can make 30,000 to 40,000 yuan...' Lin Yun was no longer a novice in the stock market, and was even somewhat proficient in it. Although he had already come up with this figure, he still took a deep breath when he heard the words of the trader.
With an investment of more than 3 million yuan, he had made a profit of 30,000 to 40,000 yuan in just a minute or two. How long would it take the average person to earn 30,000 to 40,000 yuan at work?
At that moment, he seemed to understand why the stock market was so attractive to so many people.
However, if you lose, you will lose just as quickly, if not faster.
If you raise a few times the capital, you can go from heaven to hell in the blink of an eye.
The stock market is just a big casino.
He naturally would not return the bonds. He had prepared several hundred million in capital, and he did not go to the Jinlong Building to absorb spiritual energy, so why would he come here to make just 300,000 to 400,000 yuan?
300,000 to 400,000 yuan is not even enough to pay these traders' salaries!
'Continue to sell slowly,' Lin Yun said calmly.
He planned to keep selling short, and it was only the beginning. A 2% drop was nothing, and it was still far from his target price.
...
A meeting room at Tianyu Group headquarters.
'Haha, online opinion is just that, after all. Only a 2% drop, and not many people dare to sell. It only cost a total of more than 10 million yuan,' said one director with a sneer.
The market value of Tianyu Group is now over 13 billion yuan. Although a 2% drop is equivalent to a market value evaporation of over 200 million yuan, stock prices in the stock market fluctuate quite a lot. It is not unusual to see a 10% fluctuation within a few days, let alone a 2% drop.
The senior management of Tianyu Group usually trade the group's stocks to make money, and they have done this many times.
'If you ask me, we shouldn't buy when the stock price drops 2%, but wait until it drops 10% and the limit is reached, then buy. That way, we save a lot of money,' one director nodded.
'If it really drops 10%, do you think you can hold it up? Is that our goal, to buy stocks?' A director who knew more about stocks gave the two directors a cold shoulder and snapped.
He really didn't have anything to say to these idiots.
It's only been a few minutes, and they've already spent over 10 million yuan. Is that a good thing?
The stock market has only just started for the day, and a lot of people are on the sidelines!
If it keeps falling another 10%, or even just 1%, it'll cause a panic. A lot of stock investors will scramble to sell their shares in Tianyu Group, especially since their shares can be used as collateral for short selling. Some hot money will be even more likely to come in and loot the place. At that point, without massive amounts of capital, they simply won't be able to prop it up.
The most important point is that the current share price of their Tianyu Group is somewhat overvalued. Is it easy for them to speculate at the current high price?
A high price not only enhances the reputation of their Tianyu Group and improves their status, but also allows them to borrow more money!
Now, their group is beset with negative news. Once it falls, it will not be easy for them to speculate their way back up!
These two idiots still think that a 2% drop is the same as the usual rise and fall of the group's stock when they are operating it?
Back then, whether it was up or down, it was all under their control, and they could reap wave after wave of money during the ups and downs!
The current decline is simply an unexpected factor, especially when the share price of their Tianyu Group is overvalued and full of negative news. This money is almost gone, if not completely!
In the main seat, Zhang Zhongguo tapped the table with his finger and frowned slightly.
The quality and ability of directors varies greatly, which is a common problem for many listed companies.
It's fine when you encounter a reasonable director who understands the big picture, who doesn't usually ask about things, doesn't move the stock much, and just waits for the dividends every year. But when you encounter an active-minded director, you have to take care of him.
For example, right now, he has to take care of these directors and not sell the stock casually.
'Something's wrong. It looks like someone's selling a lot of our shares...'
At that moment, one of the traders not far away suddenly frowned and whispered.
Normally, when the price stabilises, trading volume should also follow, and many investors should be on the sidelines. But in reality, that's not the case. Someone is still selling a lot of Tianyu Group's shares.