YM778.TV Chapter 86: Chapter 86 Financing
"Why didn\'t you say so earlier?" Zhang Zhongguo asked with an ashen expression.
"I…" The trader gaped, seemingly at a loss for words.
Hadn\'t he said it earlier?
Hadn\'t he mentioned it just a moment ago?
He did mention it before, didn\'t he?
Zhang Zhongguo had indeed injected two hundred million more, but who could have thought that in only three or four minutes, this two hundred million would be exhausted?
"I\'ll find the money!" Zhang Zhongguo snapped at the trader, without wasting any time, he grabbed his phone and began making calls.
Half a minute...one minute...
The share price of Tianyu Group remained stagnant at a nine percent decline.
While making calls, Zhang Zhongguo kept an eye on Tianyu Group\'s stock price and breathed a sigh of relief.
The stock price is stagnant. Could it be, has the opponent\'s power almost run out?
It made sense after all, the opponent had this many Tianyu Group shares, short selling their stock like this, they probably wouldn\'t be able to stand it either.
"Boom——"
However, just as Zhang Zhongguo was thinking this, one after another, chunks of large selling orders came crashing down.
Instantly, Tianyu Group\'s share price crashed to the limit down.
A limit down, a drop of ten percent, is the maximum amount the stocks can plunge, according to Huaxia\'s stock market rules.
Moreover, the volume of shares at the limit down price began to escalate rapidly, in the blink of an eye, it had soared to over tens of thousands of lots.
Tens of thousands of lots is over ten million shares.
Zhang Zhongguo\'s face turned pale, his body swaying slightly.
"Hello, hello, President Zhang, President Zhang..." Zhang Zhongguo momentarily lost focus, the voice kept echoing from the other side of the phone.
"Nothing… President Huang, what was I saying, yes, I just asked you to lend me 100 million, at least 100 million, borrow as much as you can, President Huang, you should know the issues with our Tianyu Group\'s share price today, I don\'t have time to talk, please transfer the money to that account as soon as possible..." Zhang Zhongguo came back to his senses and hurriedly urged.
Now was not the time to space out, no matter what, he needed to borrow the money first.
He sighed inwardly after hanging up the phone.
There were already tens of thousands of lots of sell orders at the limit down price.
Even if he managed to borrow 100 million, it wouldn\'t be enough!
"Hello, is this President Li?" Zhang Zhongguo picked up the phone and started making calls again.
His reputation was worth something after all.
Three minutes later, Zhang Zhongguo transferred the 100 million that President Huang had lent him to the accounts of the traders.
He instructed the traders to urgently purchase stocks.
Five minutes later, Zhang Zhongguo transferred another 150 million from another partner to the accounts of the traders.
However, it seemed like pouring water into a leaking booth.
When the 100 million was spent, there were still over tens of thousands of lot stocks at the limit down price, which is more than ten million stocks.
It seemed the 150 million was also not enough.
"Keep buying!" Zhang Zhongguo clenched his teeth and ordered.
They had come to such a point, they could not retreat, they could only continue to buy.
Otherwise, once the stock price fell, it would be extremely difficult to lift it again.
What should they do with the large amounts of shares they had purchased?
Those shares were bought using their company\'s working capital, some were borrowed, and some were pooled in by few directors.
Even if they sold it cheaply, such a large number of shares would crash the price of Tianyu Group\'s stock again. What price would they fall to in such a case?
So, having reached this point, they could only stick it out.
After giving them the order, he started making calls again.
These people actually dared to be so arrogant, he must make them pay the price.
He must make them realize, short selling isn\'t an easy game to play."
He was having a hard time, and he didn\'t believe the other side was faring any better.
Selling so much at the limit down, the other side was really daring to sell off.
Just because of a small video, it had caused Tianyu Group\'s stock price to limit down—it was absurd.
"Boom—boom—"
Like cannon-fire, following Zhang Zhongguo\'s command, several traders clicked their mouse, and massive buy orders were thrown out.
Each order had ten thousand shares, a million stocks, and over ten million dollars.
One hundred and fifty million dollars, only needed a few clicks of the mouse.
Immediately, out of the hundreds of thousands of stocks on the limit down price, only forty to fifty thousand were left.
"Finance procurement!" Zhang Zhongguo was making a call while staring at the stock price on his computer screen. Seeing this scene, he said coldly.
The tone of his voice held no hint of emotion.
The others could short sell, did they really think he couldn\'t use leverage finance?
He was just cautious, even when operating stocks, he didn\'t rashly finance, and besides, financing required interest. The Group\'s money was just sitting idle anyway, so why not use their own cash? That\'s why, under normal circumstances, he didn\'t like to finance.
But now, he couldn\'t care less.
It had come to the point of borrowing money, so what\'s the big deal about financing?
There was just a little bit of interest, which was considered nothing compared to the situation at hand.
The nine hundred and fifty million stocks bought today could at least be used for further financing of nine hundred and fifty million!
That meant, he had another nine hundred and fifty million dollars!
Furthermore, by using some special resources, he could even use more funds!
Comparing finance procurement and short selling, financing was easier and simpler!
This-is-a-MVLeMpYr-special
Because short selling was finite, others didn\'t have that many stocks, they wanted to lend more but couldn\'t!
Finance procurement, on the other hand, was virtually limitless, as long as you had enough collateral, and the risk wasn\'t too high, the brokerage firm would dare to lend you money!
"Finance procurement?"
Hearing Zhang Zhongguo say this, everyone\'s faces changed.
They all knew that when Zhang Zhongguo operated stocks, he seldom used financing.
Once financed, it would mean a severe situation.
Moreover, now the stock price had already dropped by ten percent. When they had to boost it, they would need a lot of capital then, what could they do then?
It wasn\'t just that they needed to pull the stock price back to its original level, they had a large number of stocks in their hands. If they wanted to cash out all these stocks, they would have to increase the price by at least 20% of its current level.
"Chairman, why don\'t we hold off today, there are too many panic plates right now, we can wait till tomorrow…" a hesitant director suggested.
"What if it limit down again when the market opens tomorrow?" Zhang Zhongguo glanced at the director, asking.
"If it limit down again when the market opens tomorrow, it would be better for us to buy today. It\'s not that I don\'t want to buy the other side\'s stocks for a cheaper price, but if we do it like that, it will make our following force upward movement more difficult. I guess, the other side doesn\'t have that many stocks in hand.
After all, there are only that many stocks constantly flowing in the market, how many could they gather?" Zhang Zhongguo shook his head and said.
"Boom—boom—"
Following Zhang Zhongguo\'s command, the operators started trading, and big buy orders were thrown by them.
Immediately, the several tens of thousands of stocks at the limit down price disappeared, and Tianyu Group\'s stock price instantly rose by five percent.
On the internet.
The stock comment section of Tianyu Group exploded.
"66666..."
"Damn..."
"Tens of thousands of sell orders have all been swallowed up, is this a trap set by the dealers? Or is it a real bull-bear war..."
"How many people were just scared into selling? Haha, I\'m telling you, it\'s just a trick by the dealers. They are shearing you \'foolish chives\'! Just watch, it will rise considerably later..."
"I regret it, I sold when it dropped eight percent, I should have waited a bit longer..."
"I have regrets as well, I regret not buying at the limit down price just now..."
"Finally regained, damn, that scared me. I am holding ten thousand shares of Tianyu Group\'s stocks..."
"Ten thousand shares is nothing, I have one hundred thousand shares..."
The various commentaries were filled with a variety of moods from the active stock market participants.
PS: Please, recommend it. You guys can also comment, and if you can tip that would be even better. It doesn\'t need to be much, one dollar will do. Just want to make the statistics look nicer and let me see your existence and your support. It motivates the author. Currently, this book\'s statistics are a bit worrying.
Today, I saw a new city novel being featured. There was no strong push, which is essential for every featured book. Books without strong push are those with poor results. However, the result of that book was better than this one. It makes me feel anxious and cold.
Although the result showed that the subscription for that book was not bad and my judgement was correct, the recommendation position before being featured is decided by editors based on various statistics. Hmm…this week, the recommendation position of this book hasn\'t been very good, so it needs various achievements.