'Boom!'
It was seen that the share price of Tianyu Group, which they had just pulled up by 7%, plummeted again by 8%, and then by 9%.
'Why didn't you say so earlier?' Zhang Zhongguo's face turned ashen.
'I...' The trader opened his mouth, not knowing what to say.
Didn't he say so earlier?
He did say it just now?
He also said it earlier?
Zhang Zhongguo did just take out another 200 million, but who would have thought that in just three or four minutes, the 200 million would be used up again?
'I'll go get the money!' Zhang Zhongguo didn't waste any time arguing with the trader, because there was no time to waste. He picked up his phone and started making calls.
Half a minute... a minute...
The share price of Tianyu Group had been stuck at a 9% drop.
Zhang Zhongguo kept an eye on the share price of Tianyu Group while he was on the phone, and he let out a small sigh of relief when he saw that it had stopped falling.
The share price had stopped falling. Could it be that the other party's strength was also running out?
It made sense. The other party had so many shares of Tianyu Group that they would probably not feel too good about short selling their shares.
'Boom!'
However, just as Zhang Zhongguo was thinking this, one super-sized sell order after another smashed down.
In an instant, it smashed the share price of Tianyu Group to a halt.
A limit down means a 10% drop, and the price cannot fall any further. This is also a rule of the Dashan stock market.
Moreover, the number of shares at the limit down price began to rise rapidly, and in the blink of an eye it had risen to more than 100,000.
More than 100,000 shares is more than 10 million shares.
Zhang Zhongguo's face turned pale, and his body swayed slightly.
'Hey, hey, Mr. Zhang, Mr. Zhang...' Zhang Zhongguo was momentarily distracted, and voices kept coming from the other end of the phone.
'It's fine, Mr. Huang, what did I say just now? Yes, I just said to let Mr. Huang lend me 100 million first, well, at least 100 million. Mr. Huang can lend as much as he can. Mr. Huang should know that there are some problems with the share price of our Tianyu Group today. I don't have time to talk to you anymore. Please transfer the money to my account as soon as possible...' Zhang Zhongguo came back to his senses and hurriedly said.
Now is not the time to be in a daze. No matter what, let's borrow the money first.
After hanging up the phone, Zhang Zhongguo sighed.
There were already hundreds of thousands of sell orders at the limit down position.
Even if he managed to borrow 100 million, it would still not be enough!
'Hello, is this Mr Li?' Zhang Zhongguo picked up the phone and called again.
His face still had some value.
Three minutes later, Zhang Zhongguo transferred the 100 million from Mr Huang to the accounts of those traders.
He told the traders to quickly buy the stocks.
Five minutes later, Zhang Zhongguo transferred another 150 million yuan from another partner to the account operated by those traders.
However, it seemed that this was not enough.
After the 100 million yuan was spent, there were still more than 100,000 shares, or more than 10 million shares, in the sell order at the bottom limit.
It seemed that the 150 million yuan was not enough either.
'Keep buying!' Zhang Zhongguo gritted his teeth and said.
They had already reached this point and could not stop, so they could only continue buying.
Otherwise, once the stock price falls, it will be really difficult to push it back up.
What about the large number of shares they bought earlier?
They were purchased using the group's liquid capital, and some of it was borrowed money and money raised from several directors.
Even if they sell them at a loss, what price should they sell Tianyu Group's shares at when such a large number of shares are dumped?
Therefore, at this point, they can only withstand it.
After saying that, he began to make another phone call.
These people, how dare they be so arrogant! He was determined to make them pay.
He wanted to show them that short selling was not as easy as they thought.
He was not feeling well, and he didn't believe the other side was feeling any better.
Selling at the limit price, and selling so much of it, the other side really had some nerve.
But it was just a small video, and they actually let the share price of Tianyu Group fall to the limit. What a joke.
'Boom-boom...'
Like gunfire, at Zhang Zhongguo's command, the traders on the other side clicked their mice, placing huge buy orders.
Ten thousand lots at a time, one million shares, over ten million yuan.
Even 150 million yuan only requires a few clicks of the mouse.
Immediately, the hundreds of thousands of shares at the limit down price were reduced to only 40-50 thousand.
'Financing and buying!' Zhang Zhongguo said coldly as he made a phone call and kept an eye on the stock price on the computer screen.
There seemed to be no emotion in his tone.
The other party can engage in securities lending, so he really thought that he wouldn't engage in margin trading?
He is just cautious by nature, and even when trading stocks, he doesn't engage in margin trading lightly. Besides, margin trading involves interest, and the money in their group is just sitting around, so why not use their group's money? Therefore, he is generally not used to margin trading.
But now, he can't care about that.
If he has to borrow money, what does margin trading matter?
It's just a little interest, which is nothing compared to this matter.
The 950 million shares purchased today can at least be refinanced for 950 million to use!
That's equivalent to an additional 950 million in funds for him!
And if he uses some special resources, he can use even more funds!
Financing and securities lending are relatively easy, and financing is even easier than securities lending!
Because securities lending is limited, there aren't that many of these stocks, and there's nothing you can do if someone wants to lend you more!
Financing is almost unlimited, as long as you have enough collateral, the risk is not too great, and the securities company dares to lend you money!
"Financing to buy?'
Hearing Zhang Zhongguo say this, everyone's face changed.
They all knew that Zhang Zhongguo rarely used financing when trading stocks.
Once financing is used, it's a big deal.
Moreover, the stock price has already fallen by ten percent. When they want to push it up, they will need a lot of money.
It's not as if they can just pull the stock price back up to its original price. They still have a lot of stock in their hands, and if they want to cash out that much stock, they'll have to push the price up at least another 20%.
'Chairman, otherwise, let's forget about it today. There are too many panic-selling orders right now. Let's wait until tomorrow...' one director hesitated.
'What if the stock price drops again when the market opens tomorrow?' Zhang Zhongguo glanced at the director and said.
'If the price falls again when the market opens tomorrow, we'll buy more. It's better to buy today than tomorrow. It's not that I don't want to buy the other party's shares cheaper, but then it will be more difficult for us to push up the price later. I guess there aren't many shares left in the other party's hands. After all, there are only so many shares constantly circulating in the market, so how much can they collect?' Zhang Zhongguo shook his head.
'Boom—boom...'
Following Zhang Zhongguo's orders, the traders operated, and large purchase orders were placed one after the other.
Immediately, the tens of thousands of shares at the limit price disappeared, and the share price of Tianyu Group also rose by 5% instantly.
On the internet.
The Tianyu Group stock comment area exploded.
'66666...'
'Holy shit...'
'Hundreds of thousands of sell orders were all eaten up. Is this a trap set by the market maker? Or is it a real battle between bulls and bears...'
'How many people were scared into selling just now? Haha, let me tell you, this is the market maker's conspiracy. They're cutting the stupid chives like you. Just watch, it'll rise sharply later...'
'I regret it. I sold at an 8% loss. If I'd known, I would have waited a bit longer...'
'I regret it too. I regret not buying when the price dropped to the floor...'
'It's finally gone back up. Damn, what a shock. I had 10,000 shares of Tianyu Group...'
'What's 10,000 shares? I've got 100,000...'
A variety of comments from active investors.