Reborn in 2014: A One-Man Tycoon

Chapter 363 Capital Competition

The air in the basement seemed to freeze, and more than twenty screens reflected Meng Chuan's cold and stern face.

When the report of "5000 hands, worth over 100 million" rang out, Meng Chuan tapped the leather armrest three times with his slender fingers and suddenly stood up.

"Sun Dashan finally couldn't hold back any longer."

Meng Chuan's lips curled into a cold smile as his gaze swept over the real-time fluctuating candlestick chart.

The market movement perfectly matched his expected script—raising the price and then selling off.

Next comes the media frenzy.

However, what Sun Dashan didn't know was that the "source" of the public opinion he was hoping for was that Grandpa Sun was still in a coma!

Last night's blow was still too much for him; given his age, it's no surprise that he couldn't bear it.

However, before Meng Chuan "closes the net," he can't die even if he wants to.

"Young Master, the price is about to fall below 200 yuan."

The trader suddenly reported.

A look of tension appeared on Yingdie's face.

Because she was worried that if panic spread widely, it would be too late to recover!

She simply trusted Meng Chuan out of habit, and looked at him with a calm expression.

She ultimately remained silent, because she didn't want to influence Meng Chuan's thoughts and judgment.

"Let it fall, as long as it doesn't hit the daily limit down, or at least not to the point of hitting the daily limit down."

Meng Chuan stared at the trading volume curve, his voice remaining calm, making it impossible to discern his thoughts.

While Meng Chuan was speaking, Xingyao Entertainment's stock price had already fallen below the 200 yuan mark.

Because after the first sell order of 5000 lots, several more sell orders of 5000 lots, or even 10,000 lots or 100,000 lots appeared.

Xingyao Entertainment's stock price plummeted from its daily limit as if struck by a heavy hammer.

Many people were cheering, but now they're shocked that someone would be so foolish as to sell off a large amount of stock at this time.

However, as more and more sell orders appeared, panic spread instantly.

Many people started to panic.

"Young Master! Some organizations have started cancelling their orders!"

"It was a trader who said in a deep voice."

All trading accounts that generate large transactions will be continuously monitored by these traders.

Meng Chuan, however, remained calm and took a small sip of tea.

"Let them withdraw; it's not time to close the net yet."

Meng Chuan's attention was focused on the unusual activity on the stock market—several overseas institutions closely associated with Castle Investment were attempting to maintain a false sense of prosperity in the stock price by taking small, batch-by-batch purchases.

Because they haven't finished selling off their shares yet, they also don't want the price to hit the daily limit down so quickly.

Once the price hits its daily limit down, everyone will be terrified, and there will be no buyers left.

At this point, everyone panicked; even a fool could tell that big capital was dumping its holdings.

At this moment, exclamations of surprise rose and fell among retail investors all over the country and in major trading halls.

They yelled and cursed, displaying their ugly side.

At the same time, they were also frantically selling off their shares.

At this moment, all the orders were for selling, with very few for buying.

"Sell it quickly, or we'll lose everything!"

"Oh no, I've invested all my retirement savings!"

"..."

Anxiety and panic permeated the text, and many people even started calling brokerage firms' customer service numbers.

The constant busy signal on the receiver only fueled their despair.

Soon, when the stock price reached 181 yuan, Meng Chuan narrowed his eyes:

"Scan, scan all the sell orders on the market."

Yesterday's closing price was 180 yuan, and today's issue price is 198 yuan.

It previously hit the daily limit of 217.8, then fell below the issue price, and has now dropped by nearly 10%.

In addition, Star Entertainment's stock price has fallen by 20%.

At this point, Meng Chuan finally began accumulating shares.

Because many retail investors have started to make moves.

In fact, retail investors are the ones most likely to cause panic.

Individual investors have less capital and are more afraid of losing money.

Once there's any sign of trouble, retail investors are often the first to run away.

Although retail investors will definitely lose money by selling now, it's still better than losing everything.

At least Meng Chuan is willing to take over their shares, so they can at least recoup some of their losses.

It won't be a case of being stuck with something bad.

As soon as Meng Chuan gave the order, all the traders began a frenzy of buying.

Hundreds of accounts were launched simultaneously, like a well-trained wolf pack, specifically targeting retail investors who were panic selling to take over their positions.

Meanwhile, at Sidu's headquarters, Sun Dashan looked at the "army" of shoppers that had suddenly appeared on the market and smiled.

"Hehe, this must be the private capital, right?"

Sun Dashan smiled sinisterly and asked the trader beside him:

"What's the current shipment volume?"

"Mr. Sun, 85% of the shipments have been completed."

"That's what the trader replied."

Sun Dashan suddenly threw his head back and burst into laughter:

“Very good, then let’s not wait any longer. Sell them all immediately, and then find the central company to lend me shares according to the original plan. The more the better.”

As Sun Dashan spoke, his eyes blazed with hatred:

"Today, I will take my revenge and teach the entire private capital a lesson!"

Sun Dashan is now very confident.

First of all, he had already sold almost all of his stocks.

Although those who sold later were slower to sell, their profits were less.

But overall, he has already earned more than 500 billion.

After all, he bought low-priced shares of Xingyao Entertainment that had been deliberately evaporated, with each share costing less than 50 yuan.

In addition, Castle Investment injected 3000 billion into him.

He now has more than 3500 billion yuan in his hands.

With money in his hands, he naturally felt very confident.

The central company is Xingyao Entertainment's largest brokerage firm.

Some senior executives of Sidu and the central company had their own interests intertwined.

Therefore, as long as Sun Dashan has money, he can borrow as much as he wants.

As Sun Dashan sold off all his remaining shares at once, along with a large amount of borrowed shares, he also sold them off.

The panic has even made organizations of all sizes restless.

They were still observing before.

After all, negative news hadn't even spread in the market yet when the price suddenly and without warning plummeted.

They wanted to persevere a little longer.

But now, they can't hold on any longer.

"Young Master, my account already holds 5%, it's time to raise my hand."

"mine too."

"Mine will be ready soon too."

The traders have all spoken out.

"Then hold up your signs, don't stop, sweep as many as you can!"

Meng Chuan said.

Sun Dashan wasn't the only one with a strong foundation; Meng Chuan was even more confident.

When it comes to having more money, Meng Chuan has never been afraid of anyone.

Seeing Meng Chuan still frantically buying up goods, Sun Dashan laughed even more heartily.

"Look at these idiots! They think they're getting a bargain, little do they know they're all just my suckers!"

Sun Dashan remained completely calm.

He had more money than ever before.

Besides, it doesn't matter if he doesn't have enough money.

Because he has another trump card.

Once his grandfather released the news that the Sun family had gone bankrupt and had emigrated overseas, he remained calm and composed.

This was a gamble he was destined to win.

Therefore, Sun Dashan increased his borrowing, even resorting to revolving borrowing.

He quickly bought 10 billion shares, each priced at 181 yuan, bringing the total investment to 1810 billion yuan.

However, Meng Chuan was still sweeping.

Moreover, because Meng Chuan had a large number of people, Sun Dashan's intervention was not as fast as Meng Chuan's shopping spree.

Despite the market panic, Xingyao Entertainment's stock price has steadily risen...

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