Cosmic Trading System

Chapter 85: Chapter 85: Out of Funds



The traders at Lin Yun\'s end were dumbfounded.

Just then, Lin Yun had asked them to rapidly offload stocks. Due to the selling restrictions on margin trading, they had been frantically clicking till their hands were sore.

Indeed, it had attracted a considerable number of following actions.

However, this way of offloading stocks seemed not to be very effective.

As long as the opponent had a large amount of capital, a few big buy orders could easily reverse the impact of their selling-off attempts.

What they were simply banking on was a time lag.

Could it be that Lin Yun intended to make money this way?

They were speechless.

If Lin Yun intended to profit this way, then his thoughts were too simplistic!

Though shares of Tianyu Group had fallen by 4% to 5%, and they had made a considerable profit on paper, they were unable to buy stocks to return the loans. As long as the opponent raised the stock price, they would suffer losses unless they decided to hold onto the shares!

Thankfully, this was a stock and not a futures contract; they were out of chips to continue offloading stocks. The shares from their margin positions had been fully utilized by them. If the opponent were to invest a small amount of capital, they could easily disrupt all of their invested capital!

That would indeed be a severe loss of capital!

However, as they were thinking, a scenario that shocked them took place!

Unexpectedly, sell orders of ten thousand after ten thousand started to materialize from nowhere, swiftly offloading the shares!

One unit represented a hundred shares. Ten thousand units was equivalent to a million shares, reflecting the maximum number of shares that could be traded in a secondary market transaction!

Even when they were rapidly executing their short-selling strategy, they rarely took such huge bets!

Most importantly, it appeared that these stocks weren\'t from margin loans. Besides, it was logical to think that way since most of the shares of Tianyu Group held by large securities companies had been borrowed by them. Even if the opponent had borrowed shares from a securities company where they did not have an account, they wouldn\'t have this many.

With the appearance of these large sell-off orders, the price of Tianyu Group\'s shares fell rapidly.

The shares of Tianyu Group, which had just risen from a 5% drop to a 4% drop, plummeted back to a 5% fall within less than half a minute.

Within another minute, it fell by 6%!

Another minute later, it fell by 7%!

Yet another minute later, it fell by 8%!

"So, the boss had another trick up his sleeve!"

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"It seems that the boss had planned this all along!"

"I knew it, the boss\'s plan couldn\'t have been that simple..."

Watching the rapid fall in the price of Tianyu Group\'s shares and the swift rise of their profits, the traders working with Lin Yun exclaimed excitedly.

While they were excited, their hearts started to race again.

They had no clue how many more tricks Lin Yun had up his sleeve.

When they had previously borrowed on margin, they had borrowed approximately twenty-five million shares. Did Lin Yun prepare this many stocks to manipulate the market?

This was a stock, not futures. Futures could be continuously shorted, as long as the final cover was at a low price, money could be made.

When stocks are offloaded, it involved real money.

The money involved in their previous margin trading was of the securities companies.

Now that they were offloading, it was their own money at stake.

The stocks that Lin Yun had stockpiled in advance could\'ve been sold at a much higher price. If he dumped too many stocks on the market, the fallout might significantly exceed the profit yielded from the 300 million borrowed shares. It might end up as a Pyrrhic victory.

However, if he did not have enough stocks prepared, would he be able to pull this off?

The financial resources and resolution of their opponent far exceeded their expectations.

The hearts of the traders were once again torn with indecision.

They hoped they wouldn\'t end up losing more in the end.

Although they were working for Lin Yun and any losses would not directly affect them, except for the potential loss of their bonuses, they were still the ones executing the trades. If they incurred losses, they would not feel too good about it.

Unfortunately...

What they didn\'t know was that although the large-scale offloading of shares seemed like a self-damaging move, the losses were not incurred by Lin Yun.

As long as the prices of Tianyu Group\'s shares plummeted, Lin Yun would be the ultimate winner after buying the shares at a low price to cover his short position.

...

"Oh my God, this dump is bullish..."

"Ten thousand lots appeared, but unfortunately, it\'s a sell order..."

"Short dog, short dog, short dog...damn short dog..."

"Damn, a full-blown battle between the bull and the bear over a small 10 billion market cap, and the morning trading volume has exceeded 700 million..."

"Are the people selling the shares completely broke, desperate for cremation fees, selling so hastily..."

On the internet, many retail investors who were closely tracking the shares of Tianyu Group exclaimed in shock.

Those who held shares in Tianyu Group and hadn\'t sold them off early, and those who had bought the shares in the morning, were all looking incredibly upset, cursing the sellers and blaming the lackluster force supporting the bull market.

"There are no more stocks left for margin trading. Even if the bull market rebounds and the stocks rise later, now is not the right time to buy stocks. Otherwise, we will not be able to hedge with margin trading. The price of Tianyu Group\'s shares is very unstable now. We cannot predict the outcome today or the trends for tomorrow..."

Some stock market experts who hadn\'t made a move yet shook their heads.

According to Huaxia\'s stock market rules, stocks bought today could only be sold tomorrow.

If there was margin trading available, they could sell the same shares through margin trading after buying the shares and waiting for them to rise. It would be akin to selling the stocks they bought today, thereby securing the profits in advance.

But now, since there were no more stocks available for margin trading, they couldn\'t continue operating in this way.

...

Tianyu Group Headquarters.

"Accelerate the pace of buying! Don\'t allow these sell orders to push the stock price down!" Zhang Zhongguo said with a somewhat sullen expression.

Within a span of just three to four minutes, another ten million share sell-off order suddenly emerged, along with numerous small following sell-off orders, compelling them to use nearly two billion more funds to purchase shares. Zhang Zhongguo was furious.

The person who was attacking their Tianyu Group was fully prepared, first margin trading, and then large-scale selling. It didn\'t seem like they only wanted to bite Tianyu Group - they wanted to take two bites.

"Chairman, we\'re almost out of money..."

The lead trader said with a wry smile.

This was the third time he had made such a comment.

They were initially prepared with five hundred million for market stabilization, yet it was quickly used up. Zhang Zhongguo had just moved two hundred million, and now, they were almost out of that, too.

"You all..." Zhang Zhongguo felt stifled and didn\'t know what to say.

The cash on hand at Tianyu Group was not substantial. Five billion had already covered most of Tianyu Group\'s available cash.

As for the two billion, it took Chairman Zhang Zhongguo and the board of directors, emptying their pockets to gather that much.

He had initially considered that two hundred million would easily last them through the morning session.

Once the market closed, he could then go and raise more funds.

Who would have thought that within just three to four minutes, the two hundred million would be almost entirely gone?

"Not good, all the funds are gone!"

At this moment, the lead trader\'s face changed, and he quickly reported.


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