HomeDream of Golden YearsChapter 2098: Three Years of Fortune Lost in Three Days!

Chapter 2098: Three Years of Fortune Lost in Three Days!

Though the three hundred million inheritance hadn’t reached her hands yet, Xia Ziyu felt greatly confident. She had always suspected there was more behind Du Chengrong’s coma. Du Zhaoqi didn’t seem like someone who would kill his father – Du Zhaohui was far more likely!

Could it be that Du Zhaohui had eliminated both Du Zhaoqi and Liu Keying in one move, while also causing Du Chengrong to fall into a coma?

The more Xia Ziyu pondered over these past two days, the more this theory seemed to approach the truth. Du Chengrong had taught her that to see through the essence of a conspiracy, one must identify who ultimately benefits… Liu Keying and Du Zhaohui had been feuding for years, and now Liu Keying was dead. Du Zhaoqi was Du Zhaohui’s most direct competitor, and Du Zhaoqi had been arrested.

Only Du Zhaohui had returned safely to Hong Kong and temporarily seized control of the Chengrong Group.

How ironic.

The three hundred million inheritance was merely the baseline – she could fight for more!

Xia Ziyu felt she must revive Du Chengrong. Once Du Chengrong awakened, her dedication and efforts would be rewarded. After all, at the crucial moment, the Second Madam only cared about saving her son, the Third Madam remained indifferent, and Du Zhaohui was preoccupied with seizing power. Only she had wholeheartedly considered Du Chengrong’s interests, focusing solely on saving him. How could Du Chengrong not be grateful and trust her after waking up?

Xia Xiaolan’s bearish position wasn’t limited to selling two million shares of Lu Family Media.

But Xia Ziyu remained unaware.

Her mind was solely focused on protecting her pregnancy and reviving Du Chengrong. When she heard about Qihang Capital’s movements, it was mere instinct driving her to oppose Xia Xiaolan.

Of course, she had consulted CR Investment’s advisors about this decision.

Everyone was quite optimistic that the Hang Seng Index would continue to rise, taking a bullish rather than bearish stance.

Only one junior investor, noting that US stocks had fallen for two consecutive days, muttered a few concerns, but at his level, he couldn’t even secure a meeting with Xia Ziyu.

Naturally, if Xia Xiaolan was selling, Xia Ziyu would buy.

While Xia Ziyu was desperately trying to establish her presence during Du Chengrong’s coma, she also needed to protect her pregnancy. She simply moved from home to the hospital, occupying separate rooms with Du Chengrong on different floors.

When Xia Xiaolan heard of this arrangement, she was astounded.

“Now I’ve seen everything.”

She had never heard of a healthy person choosing to live in a hospital room – Xia Ziyu didn’t even consider it inauspicious.

However, Xia Ziyu’s motives were easy to guess.

Even the most suspicious person would feel grateful toward Xia Ziyu after witnessing such “dedication” upon awakening – at least, that’s how it should work in theory.

Who knew if Du Chengrong would follow the romantic novel trope of the domineering CEO, transforming his indulgence into love… Well, let’s wait for Du Chengrong to wake up first. If the child in Xia Ziyu’s womb wasn’t Du Chengrong’s, the situation would become rather comical.

Xia Ziyu’s foolish moves weren’t entirely due to low intelligence, but rather due to information asymmetry.

She didn’t know the stock market information that Xia Xiaolan knew.

She didn’t know that Du Zhaohui was aware of Du Chengrong’s cancer and infertility.

On the 16th, in front of Ji Jiangyuan, Zhang Bailun thought Xia Xiaolan might have descended into deep madness. That day, Qihang Capital engaged in frequent trading, selling off again… over 7.5 million shares, including an additional 4 million shares of Lu Family Media.

After Xia Xiaolan issued this order-

“Manager Ji-“

Zhang Bailun turned to look at Ji Jiangyuan.

Ji Jiangyuan’s face was stern as stone. “Continue selling, follow Chairman Xia’s orders!”

Having hoped Manager Ji would intervene, it turned out he had come to join Chairman Xia in her apparent madness.

Zhang Bailun was rendered speechless.

He could only hope that selling these 4 million shares would drive down Lu Family Media’s stock price!

At the same time.

CR Investment closely monitored Qihang Capital’s movements, prepared to tenaciously pursue Qihang. Over three days, Qihang had sold 6 million shares of Lu Family Media without closing positions. On the 14th, Lu Family Media’s stock price was still at 19.6 dollars per share.

On the 14th, it rose from 19.6 to 20.5 dollars, Qihang sold 1 million shares, losing 900,000.

On the 15th, it climbed from 20.5 to 21.6 dollars, Qihang sold another million shares, and losses were 1.1 million plus 2 million, totaling 3.1 million.

In two days, just on Lu Family Media stock alone, Qihang had lost 4 million.

When the market opened on the 16th, Lu Family Media first inched up to 21.7 dollars. After Qihang continuously sold 4 million shares, the price dropped to 20.2 dollars at one point, which greatly delighted Zhang Bailun. If they closed positions at this price, today’s 4 million share sale would profit over 5 million, compensating for the previous days’ losses.

At least with Lu Family Media, there was profit to be made!

Zhang Bailun’s joy was short-lived. CR Investment promptly entered the market, buying 6 million shares in one go at 20.2 dollars per share!

After CR’s move, unknown buyers followed suit, purchasing 5 million shares.

Some were bearish, others bullish.

The bulls outnumbered the bears, actually driving up Lu Family Media’s stock price and encouraging retail investors to follow the trend.

Qihang’s large-scale selling triggered some retail investors to follow suit in dumping shares, causing the price to fall.

CR Investment and another buyer purchased 11 million shares combined. With buyers outnumbering sellers, the stock price naturally rose.

The retail investors – oh no, “retail investors” sounds better than “leeks” – most retail investors weren’t particularly stable mentally. When even vegetable vendors in Hong Kong traded stocks, how could one expect these “investors” to be highly sophisticated?

They were easily influenced and manipulated!

Zhang Bailun collapsed in his chair, his back drenched in sweat.

By market close on the 16th, Lu Family Media was at 22.3 dollars per share!

Just from today’s 4 million share sale, Qihang had lost 2.4 million.

Conversely, CR Investment’s 6 million shares bought at 20.2 dollars showed paper profits of 12 million!

The unknown major player who bought 5 million shares similarly made 10 million Hong Kong dollars in one day!

Whether Qihang was regretting or CR was celebrating, their respective moods aside, the 16th was a Friday. With two consecutive rest days ahead, the next market opening would have to wait until Monday, October 19th.

Exciting?

Very exciting.

From the 14th to the 16th, these three days, Qihang sold 13.2 million shares across five listed companies.

Of these, 6 million shares were Lu Family Media, still not closed, showing paper losses of nearly 13 million Hong Kong dollars.

The other four stocks performed even worse than Lu Family Media. In three days, the four stocks accumulated losses of 27 million Hong Kong dollars.

“If only Chairman Xia had taken a bullish position… Three days, US stocks fell nearly 10%, while Hong Kong stocks remained solid as a rock, what kind of world is this…”

If Chairman Xia had been bullish and closed positions before the market close on the 16th, Qihang would have profited 40 million Hong Kong dollars. Chairman Xia would truly have been Hong Kong’s goddess of stocks.

But Chairman Xia insisted on being bearish.

Zhang Bailun had quite enjoyed working at Qihang Capital.

But he suspected that when the Hong Kong market opened on Monday the 19th if these five stocks continued to rise, Qihang would easily hit the margin call warning line. After hitting the warning line, they would need to add a margin. Below the warning line was the forced liquidation line – once they hit the liquidation line without timely margin replenishment, Qihang would face forced liquidation before the delivery date.

With forced liquidation, losses become unpredictable.

They might be left with mere scraps, or Qihang might lose everything and still end up in debt, depending on the leverage involved.

From what Zhang Bailun could tell, the other four companies were hard to predict, but Lu Family Media had attracted investor attention due to frequent trading. If the market hadn’t closed on the 16th, it would have continued rising.

Zhang Bailun prayed for Monday to arrive later!

October 19th was just an ordinary Monday for the Hong Kong stock market, but for Qihang, it was Black Monday.

Zhang Bailun felt he would soon be unemployed.

At the market close on the 16th, the overall atmosphere among Qihang Capital employees was gloomy.

They all shared Zhang Bailun’s pessimism.

Xia Xiaolan sat alone in her office.

Her office was large and bright, with floor-to-ceiling windows, high up overlooking the bustling Central district streets below.

Xia Xiaolan told Zhang Bailun and the staff to enjoy their weekend, though they probably thought she was putting on a brave face.

No matter how much she explained, Zhang Bailun and others wouldn’t believe her.

They all thought Qihang would go bankrupt next week.

Xia Xiaolan found these three days particularly exciting.

Losing 40 million in three days – all of Qihang Capital’s capital was borrowed by Xia Xiaolan, and her actual net worth was only 40 to 50 million. How could losing three years of rebirth struggle in three days not be exciting?

“Xiaolan, may I come in?”

It was Ji Jiangyuan’s voice – he hadn’t left the company yet!

Novel List

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest Chapters