Metropolis: I am really rich
Chapter 109
After Xiao Heng agreed to raise Su Jing, he asked Su Jing to find a house she liked and buy it as a love nest for him and her.
Su Jing received the order with a hundred wishes.
No, Su Jing dragged her injured body without saying a word, and went back to the bedroom to call and send messages to her friends, asking about the house.
After Xiao Heng waited for Su Jing to go to the bedroom to make a call, he took out his mobile phone and opened his trading account on the Jiasheng futures and foreign exchange trading platform.
Now the video he recorded has exploded on the Internet. Cao Wen, chairman and president of Xinglang (Scarf), has also been denounced by netizens and everyone is calling for beatings.
This was the time when he made his move on Xinglang stocks.
After logging into his trading account, Xiao Heng went directly to the account backend to check his short selling of Xinglang stocks in the U.S. stock futures market.
Xinglang's stock price has dropped from US$35.91 per share when he established a short position to US$33.26 per share, a drop of US$2.65 per share.
In the stock futures market, a drop of $2.65 is a drop of 26 points.
Xiao Hengjian placed 50,000 short positions and made a profit of US$500,000 for every 1 point drop.
Xinglang's stock price is now down 26 points, and Xiao Heng has made a profit of US$13 million.
(Note: Stock futures use 'jiao' as the starting point for calculation. If the stock price falls by 0.1 cents, one short lot will make a profit of 10 yuan.)
After Xiao Heng calculated his profit, he did not pay too much attention to it.
What he wants to do now is to suppress Xinglang's stock price when Xinglang's stock price is turbulent due to the scandal of its chairman and president Cao Wen.
Therefore, Xiao Heng directly operated his trading account and directly placed a short order of 50,000 lots in the market value of stock futures to short Xinglang stock.
50,000 short orders were placed in the stock futures market, and all long Xinglang stock orders in the market were directly cleared.
Five minutes later, 50,000 short lots were traded before less than 2,000 short lots were traded.
This directly caused a chain reaction, and Xinglang's stock price plummeted again.
The price fell from US$33.26 per share to US$32.89 per share, a drop of US$0.37 per share, which allowed Xiao Heng to make another profit of US$1.5 million.
And this is not over yet. Xiao Heng placed a short order on Xinglang stock in the stock futures market. As long as Xiao Heng does not withdraw the short order, or no one or company comes forward to take over Xiao Heng's short order, then the price of Xinglang stock will rise. Keep falling.
$32.87/share.
$32.82/share.
$32.65/share.
$32.52/share....
Xinglang's stock price is falling every minute.
Xiao Heng was happy, he was making money every minute.
But those investors who invested in Xinglang and bought Xinglang stocks were panicked.
There is no doubt that there are people who are short selling Xinglang stock in the stock futures market. This is the rhythm of preparing to strongly suppress the price of Xinglang stock!
Seeing this situation, some speculators and speculative companies directly joined the ranks of shorting Xinglang stocks.
This also caused Xinglang's stock price to increase its decline again.
When those investors with small family fortunes saw this situation and couldn't afford to be hurt, they began to sell their stocks directly.
Subsequently, like a snowball, more and more investors joined in selling the stock, which directly caused the stock price of Xinglang stock to fall by one price per minute.
As time goes by, many small institutions and companies that cannot bear it also join the ranks of selling stocks.
Just like that, the stock price of Xinglang stock began to collapse.
US$31.23/share
US$30.68/share US
$29.85/share
At this time, because the stock price of Xinglang stock fell by more than 10% within 5 minutes, the circuit breaker mechanism of US stocks was triggered.
Pause trading for five minutes........
Xinglang Headquarters, President’s Office.
Cao Wen sat on his boss's chair and looked at Xiao Heng's recorded video playing on the computer in front of him, feeling extremely regretful.
He underestimated Xiao Heng's strength, underestimated Xiao Heng's ability, underestimated....
If he had known that Xiao Heng was so powerful, he would not have provoked Xiao Heng after the Qingya Club incident.
But is there any regret medicine in the world? No.
After he revealed to Xiao Heng that he drugged Su Jing, he knew that his character was finished.
The collapse of the personality of an Internet company's chairman or president is fatal to the company's stock price.
So he doesn't need to look at Xinglang's stock price now, he already knows how Xinglang's stock price will drop now.
As for the bib stock price? He doesn't care, because with Alibaba Capital here, the stock price won't fall much even if it falls.
"Mr. Cao, Mr. Cao, it’s not good, it’s not good....."A middle-aged man hurriedly came to Cao Wen's office and shouted
"Mr. Qian, what makes you so panicked?"Cao Wen angrily scolded the middle-aged man, that is, he angrily scolded Mr. Qian.
"Mr. Cao, our Xinglang stock price has just triggered the circuit breaker mechanism for US stocks......"
"What?"
"How can this be?"Cao Wen was so shocked that he stood up from his boss chair.
Triggering the circuit breaker mechanism of US stocks can only be triggered if the stock price falls by more than 10% within 5 minutes!
"Mr. Qian, what is the share price of our Xinglang stock now?"After Cao Wen calmed down, he asked Mr. Qian
"It is now $29.85 per share, and trading is being officially suspended. Mr. Qian hurriedly replied truthfully.
"hiss~~"Cao Wen took a breath.
This drop is so scary.
The stock price fell too fast and too sharply, exceeding his expectations.
In his view, his personality has collapsed. Even if the stock price is going to fall, it will be a long-term process. It is impossible for it to plummet to the point of triggering the circuit breaker mechanism of US stocks.
"Mr. Cao, what should we do now? The company's standing bailout fund of US$50 million had already been used up when the company's stock plummeted just now."Mr. Qian asked anxiously.
Triggering the circuit breaker mechanism of US stocks will only suspend trading for five minutes.
In other words, within five minutes, they must come up with a way to prevent the stock from continuing to fall.
"Quick, Mr. Qian, you immediately go to ICBC Mr. Feng and use the payment from the Xinglang shares I hold to save the market."Cao Wen reacted and said hurriedly.
Now Xinglang stock has triggered the US stock circuit breaker mechanism once. If he lets Xinglang stock trigger the US stock circuit breaker mechanism again, then their Xinglang stock will be doomed.
Because the first circuit breaker will cause the most investors Losing investment confidence in Xinglang, and if Xinglang's stock is blown for the second time, those large investment institutions and companies will definitely lose investment confidence.
If this happens, Xinglang will not be far from being delisted. He will also fall from the ranks of tens of billions to billionaires.
This is not the result he wants to see, so no matter what, he must prevent this from happening.
"Okay, Mr. Cao, I’m going to call Mr. Feng of ICBC right away."
"Um~~"
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