klisemfg Chapter 280 The plan begins
Chapter 280 The plan begins
After more than an hour of intense discussion, Lu Chen and others finally finalized the plan in the study.
This plan was carefully planned and closely linked: Evelyn would be in charge of spreading negative news about Lieqi Shipyard first; at the same time, Daniel and David would work closely together to sell some of the stocks by taking advantage of the negative news. Through this clever cooperation, the stock price of Lieqi Shipyard would inevitably suffer a heavy blow.
Once panic is triggered among stockholders, even if the Washington family attempts to rescue the market, it will be difficult to stop the wave of retail investors frantically selling their stocks. In this way, it becomes a competition of speed - whether he or the Washington family can snap up more stocks faster.
Once the plan was finalized, everyone immediately took action, each doing their part, and threw themselves into this tense and exciting financial war.
The next morning, New York newspapers published negative news about the shipyard, especially the New York Times. The newspaper claimed that they had reliable information that Mitchell went to Las Vegas to gamble, but lost everything and owed a huge debt that he could not repay. He was eventually kidnapped by kidnappers and forced his family to pay a ransom. In order to prove the authenticity of the news, the New York Times attached their interview records with other relevant people.
First, they interviewed Mitchell's friend and asked him if he knew that Mitchell liked to go to Las Vegas to participate in gambling activities. The friend answered without hesitation: "Yes, Mitchell is indeed keen on going to Las Vegas for fun." Based on this sentence alone, the New York Times asserted that the news was true.
Once this news came out, it was like a bombshell among the investors of Lieqi Shipyard. They knew the harm of gambling very well. If what the newspaper said was true and Mitchell was really in debt, then they would no longer be optimistic about the future prospects of Lieqi Shipyard. Moreover, Mitchell was indeed kidnapped and there was still no news of him, which undoubtedly made them even more anxious.
So these investors took action and looked for people who were close to Mitchell, trying to find out more information about whether he often visited Las Vegas.
However, if they hadn't inquired, it would have been fine. Once they inquired, these investors became even more terrified. They learned that Mitchell had indeed appeared in Las Vegas casinos many times. Although his purpose was not clear, it was enough to make people doubt the authenticity of the news.
The next day, before these investors had time to think it over, the stock exchange was stirred up again. Someone was selling a large number of shares of Lieqi Shipyard, and the amount was so large that almost no one could take it. These investors were extremely anxious and quickly sent someone to investigate who was selling the shares.
Obviously, this is the stock that Lu Chen told David and Daniel to sell. Once the investors checked, they immediately realized that it was Lu Chen who was selling it. Who is Lu Chen? Those who have experienced the stock market crash know that he is a legendary figure who successfully predicted the outbreak of the stock market crash and made a lot of money from it! Since even such a person is pessimistic about this stock and chooses to sell it, it proves that there must be serious problems in Lieqi Shipyard.
As a result, some people followed suit and began to sell the shares of Lieqi Shipyard. However, some people thought that they could wait a little longer. They firmly believed that the Washington family would definitely stand up and ensure the stability of the stock. After all, the Washington family has a pivotal position and influence in the financial world, and they have enough strength to protect the interests of their own company.
Some people have sufficient funds and can afford this loss, so they are also waiting and watching. They are wondering if someone is planning to acquire Lieqi, and if so, they can seize this opportunity and make a fortune.
At this time, the trading team left by Mitchell also noticed the abnormal fluctuations in the stock of Lieqi Shipyard. But they were not confident enough to decide whether to protect the market. After all, this was a sell order worth tens of millions. They did not have the authority to transfer such a large amount of money. So they asked for instructions from their superiors.
However, at this moment, the Washington family's attention is now mainly focused on finding Mitchell's whereabouts. In addition, the Washington family is not united, and they are engaged in a fierce competition for the throne of the family heir. When they saw Mitchell's company in trouble, they were full of gloating thoughts in their hearts, just watching coldly from the sidelines, and even wishing to see more chaos and failure. So they replied that they could just follow the plan that Mitchell had set before.
Mitchell's previous plan was very clear, as long as the stock price could be maintained above 20 yuan, so the trading team has not sold the stocks in their hands yet.
However, when Lu Chen started selling his shares, Lieqi Shipyard did nothing to stabilize the market. Investors watched the stock price continue to fall, but no one stood up to support the market, and their anxiety and fear grew day by day. Those investors with weaker risk tolerance could no longer remain calm and could not wait to follow suit and sell their stocks.
The stock price fell for several days, from more than 40 yuan to more than 20 yuan. This made those who firmly believed that the Washington family would save the market unable to hold back and began to sell their stocks. Faced with this situation, the trading team reported to their superiors again. Since they only had a few million yuan in funds, this meager amount of funds was far from enough to take over the stocks that were being sold in the market. At this moment, they urgently needed a large amount of capital injection to stabilize the stock price at 20 yuan.
However, at this moment, Lu Chen took action again! He put pressure on Lieqi Shipyard through Evelyn, saying that due to a major change in the shipyard, the previously signed order must be cancelled. This news was like a bolt from the blue, and the members of the Washington family instantly fell into extreme tension.
You know, Evelyn is not an ordinary person. Behind her stands the famous Rothschild family! The Washington family originally hoped to establish a connection with the Rothschild family through this order. How could they easily let Evelyn cancel the order? So, they put aside the report of the trader team without hesitation, and quickly mobilized human resources to contact Evelyn with all their strength.
After all, in their eyes, holding more than 50% of the shares is important, but by comparison, the order matter is more urgent and crucial!
The traders never received support from above, and the funds they had were completely unable to resist the subsequent downward trend of the stock price. Therefore, it didn't take long for the stock price to fall below 20 yuan. At this point, those investors who had worked with Mitchell and swore that the stock price of Lieqi Shipyard would never fall below 20 yuan could no longer hold back, and they also began to sell their stocks. As a result, the price of Lieqi stock fell like a wild horse.