Chapter 271: Chapter 261: A Small Shrimp Takes on a Great White Shark
"Oh?"
Colonna narrowed his eyes at the news.
Five billion!
And in Huaxia Coins?
’Looks like a speculative firm...’
’But this speculative firm has some serious nerve!’
’They rode the coattails of our three-party alliance to get a taste, and even managed to snatch a few scraps of meat, but they’re still not satisfied?’
’Now they want to take a bite out of a shark?’
’They’re really asking for death!’
This wasn’t just Colonna being overly conceited. In the face of the Dugan Consortium, the Celestial Dragon Investment Company truly was nothing more than a tiny shrimp.
Their assets were just a fraction of the Dugan Consortium’s. If that wasn’t a shrimp, what was?
"Buy them up! Buy as many as they sell!"
Having thought of this, Colonna immediately made his decision.
"Are we handling this ourselves? Shouldn’t we..."
The assistant at his side was taken aback and spoke with some hesitation.
"No need. We’ll buy up all these short-sell orders ourselves!"
Colonna cut him off with a glare. "Can’t the Dugan Consortium handle a mere order of over seven hundred million US dollars?"
Truthfully, under normal circumstances, he wouldn’t have acted so impulsively.
It wouldn’t have been any trouble to contact the Meilong Group and the Peterson Clan. After all, they were a three-party alliance. What was wrong with letting them share some of the risk?
But!
This time, he was facing an investment firm from Xia Country.
The events of last time had left him feeling deeply humiliated. He planned to use this battle to reclaim some of his pride, which was why he had no intention of bringing anyone else in.
Otherwise, if word of this got out, his peers would surely mock him!
’You, Colonna, needed to team up just to deal with a tiny little investment firm?’
’How humiliating!’
Therefore, Colonna’s current actions were driven by personal motives. He wanted to use this opportunity to wash away his previous shame.
"Yes, sir." Seeing his boss’s demeanor, the assistant wanted to say more but held his tongue. He ultimately just nodded and began carrying out the orders.
’He was just someone who worked under him; he didn’t have that kind of authority.’
’Besides, he had already given his warning. If something went wrong, it would be Colonna’s problem, not his!’
’Don’t overstep your authority. That was a cardinal rule of the workplace.’
’Because once you stepped beyond your duties and did someone else’s job, if you did well, no one would praise you. But if you did poorly...’
’Sorry, the blame would be all yours!’
With Colonna’s directive, the Dugan Consortium’s traders moved swiftly, immediately swallowing up the one million short-sell orders unloaded by the Celestial Dragon Investment Company.
As those one million short-sell orders were bought up, the Fruit Group’s stock price surged again, breaking through the $180 mark!
"President Ye, the short-sell orders we listed were bought up by the Dugan Consortium," Chen Lin immediately reported to Ye Ling.
"List another one million shares at 179.9!"
Ye Ling, who was also monitoring the market, gave another command.
’The last spread was a full dollar, and now it’s only ten cents?’
’That’s barely seventy cents in Huaxia Coins!’
"Got it!" Chen Lin didn’t hesitate for a second, executing the trade and listing one million shares at a price of 179.9.
"FUCK! They’re humiliating me!"
Seeing this, Colonna exploded in a fit of rage, the veins on his forehead bulging.
Just one dollar lower?
What was this, if not a blatant insult?
"Buy it! Buy everything they’ve got!"
Colonna slammed the table and roared.
Seeing Colonna lose his composure, the other senior executives of the Dugan Consortium frowned slightly.
’Colonna is being extremely emotional right now!’
’And being emotional is a fatal flaw for a market manipulator.’
However, not a single one of them spoke up.
It came back to the same old saying: don’t overstep your authority.
Colonna was the one running the trades today, so they should let him operate. If they interfered, it would be fine if they made a profit; at least they wouldn’t be blamed.
’But they wouldn’t get a bonus, either!’
’They certainly didn’t think Colonna would share his bonus with them after they had contradicted him.’
’The most critical part was...’
’What if they lost money?’
’Colonna would probably throw them under the bus!’
With a tacit understanding, everyone remained silent and did as they were told.
It wasn’t their problem, so they stayed out of it.
It might have seemed irresponsible, but it was better than getting into trouble!
All one million shares of the Fruit Group were swallowed up by the Dugan Consortium. For a colossal consortium like them, a mere million shares was no big deal!
As for the Peterson Clan and the Longmei Consortium, they had been silent from the very beginning.
Since the Dugan Consortium had rushed to the front lines, why not just sit back and watch the show?
They had been looking for a sacrificial pawn, after all!
And after this million-share short order was absorbed, the Fruit Group’s stock price rose once again, reaching $181.70!
This price was a full forty-plus dollars higher than the Fruit Group’s average stock price over the past six months.
Many retail investors who saw this couldn’t help but marvel at the immense power of capital.
"List one million shares at 180.7," Ye Ling said, a faint smile playing on his lips as he watched the market’s movements and continued to give orders to Chen Lin.
"Yes, sir!" Chen Lin replied.
By now, Chen Lin and Ye Ling had developed a tacit understanding. Eventually, Ye Ling didn’t even need to speak; Chen Lin could start executing the trades on his own.
Celestial Dragon Investment Company would unload a short order, the Dugan Consortium would swallow it, the stock price would rise, Celestial Dragon Investment Company would list another short order, and the other side would swallow it again...
’Chen Lin now felt he could handle these trades all by himself. It was just mechanical repetition!’
’All he had to do was wait for the price to rise, then throw out a short order that was one dollar lower, right?’
When Chen Lin suddenly realized this, he couldn’t help but sigh to himself.
’This is way too easy, isn’t it?’
’He loved these kinds of situations. No thinking required!’
’He could handle as many of these "troubles" as they could throw at him!’
About half an hour later, all of the Celestial Dragon Investment Company’s capital had been invested, and the Dugan Consortium had absorbed nearly seven million shares in short orders!
It was an amount that could be considered both large and small.
On the one hand, it was large...
Indeed, the capital involved was over five billion Huaxia Coins!
On the other hand, it was small...
That also seemed right. After all, the Dupont Consortium’s scale had already surpassed one hundred billion back in the 1960s, and now its true depth was unfathomable!
"President Ye, all our short-sell orders have been swallowed by the Dugan Consortium," Chen Lin reported to Ye Ling, simultaneously sending him the transaction details.
Celestial Dragon Investment Company’s entire 5.4 billion had been put into play, with the average short price reaching $183!
It could be said that this price was already very high, terrifyingly so.
At $183, this stock price could basically be considered the peak for the Fruit Company, the kind of peak that would likely not be surpassed for at least the next three years!
"Good!"
Ye Ling replied, a faint, cold smile tugging at the corner of his mouth.
’Under normal circumstances, the Celestial Dragon Investment Company would be considered done for, right?’
’After all, all their capital was in, but the stock price was still rising. They hadn’t just failed to push it down; they couldn’t even suppress its upward momentum...’
But could a game controlled by our Brother Ling be considered normal?
He never expected to beat down the price with just five billion Huaxia Coins. In fact, he had prepared another big "gift" for the Fruit Group!
Ye Ling picked up his phone, opened WeChat, and found Zhu Yun in his chat list.
’Begin the plan!’ Ye Ling quickly typed out a message.
’Yes, sir!’ Zhu Yun, who was already prepared, responded immediately.
That’s right.
Besides the tasks assigned to Chen Lin, Ye Ling had also given a mission to Zhu Yun!
And Zhu Yun’s mission was to use the internet to further spread the Fruit Group’s scandal.
...
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