Chapter 369 - 334: Delivering Themselves to the Doorstep!
Chapter 369: Chapter 334: Delivering Themselves to the Doorstep!
"Ultimately, they’ll end up shooting themselves in the foot, but not just yet."
A faint smile played on Ye Ling’s lips.
Based on his predictions, now that Fruit Group had made such a move, they would definitely do something next—like leveraging this recent incident to make their stock price recover.
And reality wasn’t far from Ye Ling’s guess. Following this media blitz, Fruit Group’s stock on the US Stock Market began to rise wildly.
Originally, after the release of Xia Wei Group’s No. 8 phone, Fruit Group’s stock was on the verge of dropping below the one-hundred-dollar mark. However, the price suddenly stabilized and, in just half a day, shot past 110 US dollars!
Ye Ling sat on the sofa, two laptops in front of him. One displayed the current situation on the US Stock Market, while the other was on a video call with Chen Lin.
"President Ye, Fruit Group’s stock price is behaving a bit strangely," Chen Lin said.
He had been observing Fruit Group’s stock price for a long time, so he was very familiar with its performance.
Although the stock might rise due to the media campaign, it shouldn’t be climbing this aggressively.
But right now, Fruit Group’s stock price was skyrocketing. Most importantly, the upward momentum wasn’t slowing down as the price rose.
On the contrary, the momentum seemed to be getting even stronger.
A massive number of buy orders flooded the market for Fruit Group’s stock.
These buy orders reignited interest in the stock, which had been sluggish for a good two or three months.
At this rate, there was a greater than seventy percent chance that Fruit Group’s stock price would break the 120 US dollar mark today.
"It is a bit abnormal. Someone must be manipulating it from behind the scenes."
Ye Ling narrowed his eyes as he examined the buy orders in the market.
There were many buy orders, and each one was for a large volume—basically all of them exceeded a million US dollars.
Crucially, these buy orders clearly intended to drive up the share price. Each bid was placed slightly higher than the current market price.
"Someone is going long on Fruit Group?" Chen Lin had noticed this as well, his eyes narrowing.
"Investigate the source of these buy orders. If I’m not mistaken, they’re likely connected to financial powers in the United States," Ye Ling speculated.
"Understood. I’ll get on it right away!"
Chen Lin nodded and immediately gave the order to his subordinates.
About twenty minutes later, they had the results.
Celestial Dragon Investment Company’s internal structure was now very well-established. In addition to a professional trading team of twenty people, there were nearly fifty other employees handling tasks like risk control and market research.
In short, Celestial Dragon Investment Company was growing stronger.
"President Ye, our investigation confirms that these large buy orders are indeed from Western financial powers. It looks like at least ten different companies are involved so far."
Chen Lin reported back to Ye Ling.
"Ten?"
A smile crept onto Ye Ling’s lips. "Looks like we have quite a few opponents this time!"
"Indeed. Of course, among these ten, there are two main players. One is the Dupont Consortium. They account for nearly thirty percent of these buy orders, the largest share. The other is Mitsubishi Technology Company, with a share of around twenty percent."
Chen Lin continued.
Mitsubishi Technology Company!
When Ye Ling heard that name, he couldn’t help but laugh out loud.
’Who was Ye Ling’s real target this time?’
In the eyes of the various Western financial powers, Ye Ling’s target was supposed to be Fruit Group.
But in reality, Ye Ling’s target was never Fruit Group. It was Mitsubishi Technology Company!
’To think they’d deliver themselves right to my doorstep...’
Ye Ling chuckled and shook his head.
’He was starting to wonder if Mitsubishi Technology was doing this on purpose.’
"That Mitsubishi Technology Company really does rush in wherever there’s a fire," Chen Lin said with a laugh from the other side of the video call.
"Alright. Since they’ve come knocking, we can’t very well refuse to entertain them."
Ye Ling chuckled, then asked, "Is our capital ready?"
"Of course!"
Chen Lin nodded decisively.
Ye Ling had initially prepared around 20.5 billion, and later, Dong Xun had entered with another 3 billion. This meant Ye Ling’s total capital had reached 23.5 billion!
"President Ye, what’s our move this time? Are we shorting?" Chen Lin asked.
"Of course,"
Ye Ling said with a slight smile.
Since those Western capitalists wanted to prop up Fruit Group’s stock price, he was going to do the exact opposite and stomp it down hard.
Ye Ling checked Fruit Group’s stock price. The market was currently closed, and the price before closing was 111 US dollars.
"After the market opens, place a sell order for one million shares at 110 US dollars," Ye Ling commanded directly.
"Understood."
Upon hearing Ye Ling’s words, Chen Lin immediately nodded.
By now, Chen Lin’s trust in Ye Ling had reached a level bordering on faith.
It was mainly because Ye Ling’s track record was just so terrifyingly impressive.
Whether it was the earlier move against the Jiang Family, the subsequent one against Bauhinia Energy, or the more recent one against Fruit Group, every operation had been executed with such perfection.
Although Chen Lin had his own pride, with decades of market experience under his belt, he didn’t think he could ever perform on the same level as Ye Ling.