Rebirth 1980: Marrying my sister’s best friend at the beginning

"Sanchez, are you sure it's Li Yi's people who are protecting the market?" Sanchez asked with some excitement.

Just now, his most trusted brother, Sanchez, came in to report that traders from Star Company had already taken action and were acquiring Wharf stocks, and seemed to want to raise the price.

"It's certain that because of their intervention, Wharf's stock price has stopped its downward trend and is slowly recovering!" Sanchez said firmly.

"Hahaha, they really can't hold their anger anymore. How is the market reaction now?" Sangchai asked again.

Sanchez immediately replied: "It was smoother than we expected. We only sold 4200 million shares of the 500 million shares we borrowed, and Wharf's stock price was knocked down by a quarter."

"If the other party doesn't take action to protect the market, if this continues, Wharf's stock price will be cut in half in two hours at most!"

"The effect is so good?" Sangchai asked excitedly.

"Yes, the main reason is that the other short-selling Wharf forces were too aggressive. They sold at least 50 lots of stocks less than half an hour after the market opened. It was precisely because of their actions that people from Xingchen Company had to step down to protect the market. !”

Then Sanchez continued: "Moreover, it seems that the other party is not only shorting the stocks of Wharf, but also selling the stocks of Hang Seng Bank, Longheng Bank and other companies, and the volume is still very large. Now the people of Xingchen Company are forced to rush !”

"Hahaha, it seems that there are many people in Hong Kong who can't stand Li Yi. I just don't know who he is. He has so much energy and can borrow so many stocks!" Sangchai laughed. said.

"Mr. Sangchai, do you want to investigate the identity of this unknown force?" Dolson suggested.

"No need. Firstly, time does not allow for it. Secondly, the other party is obviously helping us. We just need to maintain a tacit understanding with them and don't do anything drastic to avoid offending them!" Sang guessed.

"Mr. Sanchai, what should we do now?" Monroe asked excitedly.

Sangchai didn't hesitate and immediately said loudly: "The other party wants to increase the stock price, how can we make him do it!"

"Sanchez, let our people speed up the selling of Wharf stocks, and also sell the borrowed stocks of Hang Seng Bank, Longheng Bank and other companies. Help our friends!"

"Yes!"

Seeing Sanchez hurried out, everyone else in the room was also very excited.

When formulating the attack plan, they specifically analyzed the actions that Li Yi and those from the Chinese Chamber of Commerce might take.

According to their analysis, Li Yi and others may have three reactions in the face of their crazy smashing.

The first reaction is to quickly raise funds to protect the market. As long as they acquire the company quickly enough and have sufficient funds, they can ensure the stability of the stock price of the shorted company.

The second reaction was that Li Yi and the people from Xingchen Company retreated and stood aside. Each company organized manpower and funds to resist, and was finally defeated one by one.

The third reaction is that Li Yi and everyone in the Chinese Chamber of Commerce will not take action and wait to see what happens. After they smash the stock price, they will then pool funds with them to snap up circulating shares and compete for control of the company.

Among these three possible situations, the first one is what Sangchai, Munro, Michiko and others want to see most.

Because once Li Yi chooses to protect the market, a large amount of funds will be consumed.

In this way, the outcome of this battle does not require any tactics or skills, it is purely about who has more money.

When one party's funds are completely consumed, it will become fish on the chopping board and be slaughtered by others.

When it comes to having more money, they definitely have an advantage.

Not only are these major consortiums strong and well-prepared, they have sufficient funds.

More importantly, they also have support from London. Several banks on Hong Kong Island with European and American backgrounds can provide them with a large amount of financial support at any time.

Based on this alone, the advantage is on their side, and it can even be said that they are in an invincible position. Therefore, in the eyes of Sangchai and others, it is undoubtedly stupid for Li Yi and those in the Chinese Chamber of Commerce to compete with them for funds.

The development of the situation was indeed as predicted by Sangchai and others. With the operating team firing on all cylinders, a large number of Wharf stocks were sold to the market. Wharf's stock price plummeted again, and soon fell to HK$35 per share. Yes, this is already down 11.6 from the opening? Hong Kong dollars per share.

If calculated based on the current stock price, Wharf's market value has evaporated by a quarter.

But even so, the stock price is still falling.

At the same time, in addition to the shorted Wharf, a large number of Hang Seng Bank stocks also appeared on the market, and their listing prices were significantly lower than yesterday's closing price.

And this was just the beginning. Soon after, the stocks of the Li family's Hongniao Real Estate, Ho Group, Cheung Kong Group, Shengshi Group and Longheng Bank were also shorted, and a large number of stocks were thrown into the market.

So many stocks immediately frightened the investors who were waiting.

Under the mentality of chasing the rise and killing the fall, no one dares to rush into it.

After all, no one can guarantee whether a larger amount of stocks will be sold at the next moment. In that case, they will suffer a big loss.

For a time, the stock prices of several iconic companies of the Chinese Chamber of Commerce were falling rapidly. They were plummeting, which was frightening to watch.

However, while everyone was sweating for Xingchen Company and the Chinese Chamber of Commerce, Li Yi, as the person in charge of the company, was listening to Pang Feiyan's report with a smile.

"Boss, we have sold all the circulating shares we have raised. Although the sale price is much lower than the borrowing price, based on the current stock price, we still made a huge profit."

Before he finished speaking, Li Yi asked immediately: "How much is expected to be earned?"

"Based on the current stock prices of various companies, we have made at least HK$200 billion in profits in the past two hours, but"

"But what?" Li Yi asked with interest.

"But now the stock prices of several companies have plummeted, and their market value has evaporated by at least 500 billion. You promised to cover their losses."

Pang Feiyan didn't say the following words, but Li Yi understood what he meant.

She was telling herself that after deducting the profits, he would still have to pay HK$300 billion!

"How are the people in VIP Room No. 3? Are they still selling stocks?" Li Yi asked with a smile.

"Yes, but the investors were scared. No one except us dared to get involved. No one wanted the stocks they sold except us!"

Then, Pang Feiyan continued: "On the contrary, some people who bought stocks at high prices before could not bear the pressure of the plummeting stock prices and followed them to cut their flesh. Now the entire market is full of Wharf, Hang Seng Bank, Longheng Bank, Ho's The stocks of the group and other companies are almost flooded.”

"Where's the stock price?"

"Affected by this, the stock price is still falling, but the speed has slowed down!" Pang Feiyan said.

“Which company’s stock has fallen the most?”

"The Bao family's Wharf has fallen below HK$30, and its market value has evaporated by nearly HK$70 billion!"

Li Yi first looked at his watch and saw that there were less than twenty minutes left before the temporary closing of the market at noon. It was time to prepare for a counterattack.

Then, he said to Liang He beside him: "The stock price of Wharf has almost reached its limit. You go and prepare. When the stock price drops below 25 Hong Kong dollars, end the "fishing strategy" and start a large-scale repurchase of Wharf shares." Stocks, raise the stock price!”

"Yes"

Just as he was talking, the door to the VIP room was suddenly pushed open, and then Li Yi saw Li Futiao, He Dongying, the chartering king and others walking in with solemn expressions.

(End of this chapter)