Reborn in 2014: A One-Man Tycoon
Chapter 256 Crisis Beneath the Bountiful Harvest
"Quite a temper, huh!"
Meng Chuan listened to the busy tone on his phone, but his face was beaming with an exceptionally bright smile.
Although Ollie was cold, he did help a lot.
Meng Chuan kept this debt in mind.
Once he makes money, he'll naturally get his share of the benefits.
After all, the two are now partners and will be working together in the domestic stock market in the future.
We can't let Ollie harbor too much resentment.
The best way to smooth things over is with money.
If money isn't enough, then it's just that there isn't enough money.
With enough money, even the murderer of one's father can be turned into a traitor.
"Boss, some institutions have entered the fray; they've chosen to short sell, just like us."
While Meng Chuan was pondering how much money he would need to appease Ollie and remove any lingering resentment.
George's voice suddenly rang out, tinged with anxiety.
Meng Chuan raised an eyebrow and refocused his gaze on the screen.
At this point, 02's share price had soared to £15 per share.
Anyone with a modicum of judgment would know that this price is extremely inflated.
If prices continue to rise, the risks will increase exponentially.
Unless large amounts of capital enter the market now and forcibly drive up the stock price.
However, capital is never a philanthropist.
It's obvious that you can make money by shorting now, so why would there be any capital to drive up the stock price?
These institutions chose to short sell at this time, clearly seizing the opportunity to try and profit.
"Want to pick the fruit? Then let's see if your teeth are strong enough. You'd better not break any!"
Meng Chuan sneered, a sharp glint flashing in his eyes.
These organizations may very well have the influence of the EU.
They want to exploit Meng Chuan, but Meng Chuan dares to exploit them in return!
"George, allocate some accounts to jointly manipulate the stock price and push it up to at least £18!"
Meng Chuan gave the order decisively, his tone ruthless.
No capital would choose to enter the market and drive up the stock price at this time, so Meng Chuan would do it himself.
Upon hearing this, George immediately understood Meng Chuan's intention.
The so-called joint manipulation refers to the practice of using methods such as wash trading to buy and sell shares among themselves, artificially inflating trading volume and causing stock prices to soar.
This can attract a large number of retail investors to follow suit and buy in, further driving up the stock price.
Those institutions that lack sufficient funds and cannot sustain themselves have no choice but to leave their money behind and move their staff.
"Understood, boss!"
George's fingers flew across the keyboard, and transactions were quickly completed.
I borrowed 10,000 shares for £15 and put them up for sale for £15.50, and they were instantly sold out by another account.
Immediately afterwards, buy at £16, sell at £16.5...
This cycle repeated itself, and the stock price soared like a runaway horse.
Retail investors were attracted by the crazy surge and rushed to buy in.
Soon, the share price broke through £17 and headed straight for £18.
By this time, many organizations were in complete chaos.
Those small and medium-sized private equity funds already have limited funds.
The available funds are only a few billion to two billion.
When the share price rose to £17, they could no longer hold on.
Within minutes, several organizations announced bankruptcy liquidation.
All their funds flowed into the pockets of retail investors.
Retail investors made a fortune, further fueling their enthusiasm.
Many people even cashed out their funds from other stocks and poured them all into the 02 stock.
Only large or super-large mutual funds can still hold on.
In an instant, 02's stock price soared, becoming the undisputed "king of stocks".
Meanwhile, other stocks that originally had good potential also plummeted.
"Boss, the stock price has broken through £20!"
George's voice trembled slightly.
Meng Chuan stared at the screen, a hint of madness flashing in his eyes.
"Keep shorting, sweep up as many as you have!"
At this price, Meng Chuan was nearing his limit.
But he believes that the European Union is also about to collapse.
If prices continue to rise like this, the entire British economy could be dragged down.
Now is probably the best time to short sell.
Sure enough, at 3 p.m. local time, the British government finally gave in.
The Prime Minister held an emergency press conference and rejected the acquisition deal outright, citing anti-monopoly concerns.
The news caused an immediate uproar in the market.
The stock price of 02 was already extremely inflated, and this news became the last straw that broke the camel's back.
Retail investors frantically sold off their shares, causing the stock price to plummet.
“George, how many shares did we borrow at £20?”
Meng Chuan asked in a deep voice.
“20英镑只借入10亿股,18英镑也借入10亿股,14英镑借入30亿股!”
George reported excitedly, his voice filled with barely concealed excitement.
This is absolutely a victory that will go down in history!
Meng Chuan nodded in satisfaction, a smile playing on his lips.
The outcome is already decided; now it's just a matter of how much profit can be made in the end.
Half an hour later, the stock price had fallen to £5 and was still falling.
Retail investors were crying and wailing, and many even stood on the rooftop.
Meanwhile, Meng Chuan's account made a fortune that day.
"Jingle Bell--"
Just then, Meng Chuan's phone rang.
The caller was Ollie.
"Didn't you say you were busy? I'm busy right now!"
Meng Chuan answered the phone with a smile, his tone teasing.
He is now full of confidence.
Those who make money are the bosses, especially since he makes astronomical sums.
Even when facing Ollie, they have enough confidence.
"Busy with what? Busy getting into jail?"
Ollie's voice was icy cold, tinged with anger.
Upon hearing this, Meng Chuan's smile faltered slightly, and a bad premonition suddenly welled up in his heart.
"Mr. Ollie, I don't understand what you're saying!"
Meng Chuan asked in a deep voice.
"Today is destined to be the darkest day for the British stock market. Do you know how many people went bankrupt and how many lost their lives on this day?"
"Oli said in a deep voice."
Actually, Ollie didn't expect Meng Chuan to be so ruthless.
The price would have been around £15.
But Meng Chuan managed to push the price up to 20 pounds.
This is completely denying British stock market investors any chance to survive!
“Mr. Ollie, you grew up in a capitalist society, so don’t talk to me about kindness.”
Meng Chuan said in a deep voice.
The world of capital has always been ruthless and predatory.
It will be a success!
Meng Chuan doesn't believe that the rise of the Ole Warburg family was achieved through law-abiding behavior and gradual accumulation of wealth.
In this world, which family rises to prominence without stepping on countless bones?
Therefore, Oli's words made Meng Chuan want to laugh.
It's not that Meng Chuan is cold-blooded, but since the dead weren't Chinese, why should he feel pity?
During the 2015 stock market crash, countless families in China were ruined and lives were lost. Who cared about them?
"Meng Chuan, times have changed."
Ollie was silent for a few minutes, then his tone softened considerably, and he said:
"Your approach is indeed too ruthless; I'm afraid you won't be able to take this money out of England."
Meng Chuan's brows furrowed immediately.
Meng Chuan wanted to make a fortune in the British stock market so he could bring it back to China to help him cope with the 2015 stock market crash.
Why can't I take it with me?
"There are a million ways to shut you down. Unless you can cover your tracks, you're in real danger."
"A safety net? What does that mean?"
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