Chapter 220 Undercurrents

After Ye Hui, Zheng Tiexue and other senior leaders of the Liberation Party reached an agreement, they immediately sent a secret telegram to the General Staff of the People's Liberation Army in Borneo, reporting the causes and consequences of the matter.

At the same time, Ye Hui sent a secret telegram to the New York head Sun Ensheng, in his own name, ordering him to mobilize all available funds and even go to the bank to make a loan if necessary, and ask him to grab rubber stocks on the next trading day.

Of course, in order not to give others an opportunity to take advantage of it, Ye Hui ordered that he never raise funds from securities companies to buy stocks.

In the middle, Ye Hui took all his responsibilities on himself and asked Sun Ensheng to use stock manipulation methods with confidence and boldness to get cheap chips at low levels as much as possible.

After Sun Ensheng received the latest instructions, he held a five-hour meeting with his Chinese stock analysts and traders.

The meeting initially decided to mobilize more than 12 million US dollars of funds from various securities companies starting from the next trading day to purchase the funds into rubber stocks in batches.

In addition, all the military, chemical and automobile stocks held by them, including nearly 10,000 US dollars, must be cleared and cashed out to purchase rubber stocks.

At the same time, we must contact major banks and use the rubber stocks in our hands as collateral to make a loan request to them.

......

Monday, May 7, 1908. The sky above New York was covered with dark clouds and heavy rain.

After the stock market's rest day passed, another trading day began. On this day, everyone's focus was on rubber stocks.

Many investors who hold rubber stocks are not effective, and they are still enjoying the pleasure of the continuous rise of rubber stocks.

However, during the weekend break, these investors learned that rubber stocks suddenly experienced a huge negative and experienced a collapsed decline.

Therefore, these investors were anxious during the break. On Monday, they either took leave to sell stocks in person at the securities trading hall, or called a broker to ask for rubber stocks to be sold immediately after the opening.

At the same time, many speculators who were half a beat slow also flocked to short rubber stocks after the opening, striving to make a big profit in this rare opportunity.

Under such a severe situation where everyone is bearish, the stock market will sell out like rain as soon as it opens. The stocks of various rubber companies have opened significantly lower by more than 5%, and are constantly seeking support downwards.

However, during this period, large orders were taken up and sweeping up the goods. After sweeping away the orders of rubber stocks, the large orders disappeared, and a large number of investors sold orders in a flash. The stock price of rubber stocks fell again.

After repeated this several times, the selling orders of rubber stocks have decreased a lot, the decline has been curbed, and the stock price has begun to fluctuate and consolidate.

Sun Ensheng sat in the seat in the trading hall and constantly issued various operational instructions to the three most capable traders.

"No, someone is competing with us for the funding." Before the trading suspension in the morning, trader Xia Jun suddenly said.

"Well," Sun Ensheng nodded and said in a deep voice: "The decline in the stock price after the opening is far less than our pre-estimated estimates. Moreover, during the trading period, there was a force that was much stronger than us. He had been firmly and orderly controlling the rhythm of the stock price decline and constantly absorbing funds."

"General Manager, what should we do? Do we still have to buy in large quantities as planned and at a lower price?" Xia Jun asked.

"How are the military stocks, chemical stocks and automobile stocks selling?" Sun Ensheng asked.

"The stocks of military and chemical stocks have been sold out by one-third. Due to the positive stimulus of the decline in rubber, the trading volume is active and is rising sharply, so it has been cashed out. At present, more than 5 million US dollars have been cashed out of the stock market, plus more than 12 million US dollars in reserve funds. I just bought more than 10,000 US dollars, and there are a total of more than 10,000 US dollars. I can enter the market to sweep the rubber company's stocks at any time." Xia Jun said eagerly.

Sun Ensheng thought for a while and said: "Since there are buying orders that are stronger than us and are blocking us to absorb funds, then we can't compete with them at the low level. Therefore, I decided to absorb funds upwards before they react. Such cheap chips will not appear until today at least four years later."

At the opening of the afternoon, after Sun Ensheng issued a command to grab the stock, more than ten minutes later, a more powerful buying of rubber stocks appeared, and all the selling orders blocking the above were swept away. The stock price of rubber stocks ended its consolidation and quickly rose.

In a blink of an eye, everyone was stunned to see the stocks of several best-performing rubber companies quickly recovering their lost ground and rising by about 5%. Immediately afterwards, driven by these stocks, almost all rubber stocks changed from falling to rising, with a fast speed that was jaw-dropping.

Some investors who have already sold stocks and speculators who have shorted the market at the opening watched this Jedi counterattack in a daze. Some investors who want to sell stocks but are reluctant to sell them because the stock price is too low and are still waiting to see them reacted, and they were ecstatic and cleared their rubber stocks, causing the rubber stocks to fall again.

After the closing of the afternoon, the stock price of rubber company stocks had basically stabilized. There were only two rubber stocks with poor performance, with a drop of more than 5%, which surprised the stock analysts and investors who were strongly bearish.

At 5 pm, in Morgan's office, Bob was looking solemnly to Morgan report on the Chinese trends.

"According to our investigation, the cunning Chinese people faced the unfavorable situation, not only did not sell rubber stocks, but instead mobilized funds from all over the place to grab the funds. This morning, we originally fluctuated up and down as planned, and wanted to attract them to give up their chips.

Unexpectedly, at first they just followed us to buy it. At the opening of the afternoon, they actually used tens of millions of funds to sweep the goods, overcome all obstacles and rush hard, completely destroying our plan." Bob said in the end, his expression was depressed and depressed.

Morgan was about to speak, and Morgan came in from outside in a hurry. He told Morgan and Bob that the Chinese used rubber stocks as collateral to lend money to major banks this afternoon. However, no banks are willing to lend money to them at present.

After hearing Morgan's words, Morgan finally understood the Chinese's determination to firmly build a position in rubber stocks. He said to Bob with a firm determination: "The rise of rubber stocks is the general trend, and we can no longer go against the trend. Starting tomorrow, we will go long with the Chinese at all costs."

Bob nodded, and Morgan said to Morgan again: "That botanist Tony, it's time to meet God. You must arrange it perfectly and you must not find any flaws, do you understand?"

"I understand," Morgan replied in a deep voice.
Chapter completed!