Chapter 377 - 338: There Are Always Villains Trying to Harm Brother Ling?
In other words, how the Fruit Group's stock price fluctuated from now on had absolutely nothing to do with Ye Ling.
"President Ye, we entered the market with 23.5 billion in capital. We shorted 3.3 million shares at a price of 110 US dollars. We then initiated the buyback when the stock hit a low of 100 US dollars. Although the price did rise due to the aggressive buy-up by Western capital forces, our average repurchase price didn't exceed 102 US dollars!"
Chen Lin quickly delivered Celestial Dragon Investment Company's operational report to Ye Ling.
What is short selling?
The official definition is selling a stock with the hope of buying it back at a lower price in the future.
To put it in layman's terms, when an investor predicts a stock will fall, they sell the shares they hold—or have borrowed—when the price is high. Then, they buy the shares back when the price drops. The difference is their profit!
This time, Celestial Dragon Investment Company shorted Fruit Group's stock at 110 US dollars, borrowing 3.3 million shares. They ultimately repurchased them at 102 US dollars per share and returned the 3.3 million shares.
Celestial Dragon Investment Company's profit was the price difference. They made about 8 US dollars per share. Converted to Huaxia Coin, that's nearly sixty Huaxia Coin.
Multiplied by the base of 3.3 million shares, Celestial Dragon Investment Company's profit this time was nearly 200 million.
In just one day, they had pocketed 200 million!
"Hahaha, a small profit."
Ye Ling said with a light chuckle upon hearing this.
Brother Ling's perspective was truly on another level now!
Two hundred million—an amount a normal person could never hope to touch in a lifetime. Yet for Brother Ling, it was just "a small profit."
That's vision!
"Get ready. We're moving on to the second phase of the plan," Ye Ling said to Chen Lin.
That's right!
Targeting the Fruit Group was only the first step of Ye Ling's plan.
Or rather, it was just an opportunity that fell into his lap, a chance to fleece the flock!
Ye Ling's initial target wasn't the Fruit Group, but the Mitsubishi Technology Company.
The Mitsubishi Technology Company was very powerful, and behind it stood many top-tier Western capital forces.
Someone once said that in the Western capital markets, twenty percent of the people control eighty percent of the wealth.
This wasn't just an empty saying.
Take the Mitsubishi Technology Company, for example. On the surface, it's an incredibly dominant high-tech company. But in reality, the ones who truly control it are those very same twenty percent.
For instance, the Dupont Consortium, the Moore Consortium...
The reason they could become part of the top ten consortiums was precisely that their reach extended into every industry, giving them absolute hard power!
If Ye Ling were to rely solely on his own strength to take down the Mitsubishi Technology Company directly, it would be truly unrealistic.
Take what happened with the Fruit Group, for example. Those Western capital forces used the most primitive method: smashing it with money to make the stock price rise again.
If Ye Ling used a series of moves to make Mitsubishi Technology Company's stock plummet, the Western capital forces could use the very same method to influence Mitsubishi Technology Company's stock price.
This was the main reason Ye Ling had targeted the Fruit Group first.
This time, the major capital forces had poured massive amounts of funds into the Fruit Group's stock.
The Fruit Group is a large-cap stock. To influence a stock of this magnitude, the required capital is bound to be immense!
And the total liquid capital of these numerous Western forces was finite. The more funds they poured into the Fruit Group, the less reserve capital they would have available to mobilize...
That's right!
Besides wanting to fleece them, Ye Ling had targeted the Fruit Group for another, more important reason: he needed to tie up the capital of these major forces in the Fruit Group's stock!
「At the same time.」
The United States stock market was in an uproar!
Numerous Western capital forces had made their move, sweeping up all the sell orders on the market. This caused the Fruit Group's stock price to rebound rapidly, reaching 120 US dollars in just over half an hour.
Even Ye Ling couldn't help but be slightly astonished when he saw this figure.
To drive up the price, these Western financial consortiums were truly ruthless. They were buying up Fruit Group stock at prices far above market value, forcing the stock price to recover.
Clearly, they were trying to use this method to deliver a killing blow to Celestial Dragon Investment Company!
As mentioned before, Celestial Dragon Investment Company was short selling, which involved borrowing shares. To make a profit, they had to buy back the shares at a low price and return them.
But the Western financial consortiums were forcibly driving up the Fruit Group's stock price, pushing it 10 US dollars higher than when Celestial Dragon Investment Company had entered the market.
In other words, if Celestial Dragon Investment Company were to exit now, they would lose 10 US dollars per share.
Unfortunately for them, just as they were entering the market, Ye Ling was already planning his escape!
As for the Fruit Group's current stock price, that no longer had anything to do with Ye Ling.
"President Ye, this move of yours was simply god-like! According to the information I've just received, the total funds the Western capital forces have poured into the Fruit Group have already exceeded 300 billion US dollars. The Dupont Consortium, in particular, has thrown in nearly sixty percent of its reserve funds!"
Chen Lin couldn't help but exclaim in admiration as he looked at the report his subordinate had sent him.
The capital Ye Ling had mobilized this time was indeed substantial, nearly 3.3 billion US dollars. However, compared to the total capital reserves of the numerous Western forces, it still seemed quite weak—or rather, they weren't even in the same league.
But Ye Ling had used that 3.3 billion to tie up 300 billion US dollars of the Western capital forces' money!
The most crucial part was that Ye Ling had not only made a perfect exit with his 3.3 billion but had even fleeced them in the process.
If that doesn't prove how incredible Brother Ling is, what does?
"Three hundred billion... that basically meets my expectations," Ye Ling said, nodding slightly as he stroked his chin.
Although giant financial consortiums like the Dupont Consortium and the Moore Consortium had total assets exceeding a trillion, most of their capital was actually in fixed assets.
For them, being able to mobilize 100 billion US dollars in liquid capital was already quite impressive.
After all, few capitalists were willing to let their money sit idle.
There's a principle in the world of capital: only by keeping money in motion can money make more money.
The various capitalists were, of course, firm believers in this theory. And it was precisely by following this principle that their family fortunes multiplied...
Having confirmed this, Ye Ling didn't hesitate. He immediately used the Directional Stock Prediction Card he had previously obtained on the Mitsubishi Technology Company!