Chapter 269 - 260: Shorting Fruit Group
Chapter 269: Chapter 260: Shorting Fruit Group
Seeing the way the young woman was limping, Ye Ling couldn’t help but laugh.
"You’re still laughing!"
Ning Ruoxi couldn’t stop herself from glaring at Ye Ling.
"I’m not laughing, I’m not laughing. The noodles are ready, come and eat."
Although that’s what Ye Ling said, he couldn’t hide the curve of his lips.
"Hmph!"
Ning Ruoxi’s face was flushed as she took the bowl of noodles from Ye Ling’s hands, turned, and sat down at the table.
While eating the noodles, Ning Ruoxi was silent, her head lowered, a faint blush still visible on her cheeks.
"Ruoruo, once I’ve taken care of things, how about we go on a trip?"
Ye Ling had naturally noticed her quietness and deliberately changed the subject.
"A trip?"
Ning Ruoxi lifted her head and blinked.
"Yeah. The break is still long, so why don’t we go have some fun for a couple of days before heading to your parents’ place?"
Ye Ling said with a smile, "I didn’t get to take you out before because of final exams. I’ll make it up to you this time!"
"Okay!"
Ning Ruoxi nodded obediently, then her eyes darted around and she let out a sly grin. "Besides, I told my dad I’d be back in a few days, but I never gave him a specific date."
Seeing Ning Ruoxi’s smug expression, Ye Ling couldn’t help but laugh out loud.
’So this girl is the type to give her old man a headache, huh?’
...
After they finished eating, Ye Ling sat down in front of his computer to check the news on the United States stock market. Fruit Group’s pre-market price had actually reached $150!
"Looks like Fruit Group is up to its old tricks again."
Ye Ling checked online and let out a soft chuckle.
To be honest, he wasn’t surprised that Fruit Group was making new moves. After all, their stock price had taken such a massive hit yesterday. If they didn’t roll out some countermeasures, were the executives at Fruit Group just drinking themselves stupid?
Fruit Group’s strategy had two main parts.
First, they did their utmost to deny the online accusations about throttling their processors, stating that they would never intentionally shorten a product’s lifespan. At the same time, they announced a price reduction for battery replacements on iFeng 4X models and above that were out of warranty.
Second, regarding the iFeng phones catching fire while charging, Fruit Group chose to pass the buck, claiming it was the battery manufacturer’s fault and that the instability of lithium-ion batteries was the cause of the spontaneous combustion!
With these two maneuvers, the public’s online fury gradually subsided, and more people started focusing on the safety issues of lithium-ion batteries.
And right on cue, "experts" popped up online to "educate the public," explaining that lithium-ion batteries were indeed less stable than previous types.
However, there was no need to panic. First, the probability was extremely low. Second, spontaneous combustion only occurred if the temperature was too high. As long as users were a little careful, there wouldn’t be any problems.
These "experts," Ye Ling guessed, were either hired by Fruit Group or sent by Western capital firms like the Dugan Consortium.
In short, their goal was to completely quell this storm!
At 10:30 PM.
The United States stock market opened on time.
The moment it opened, three great white sharks from the West opened their massive jaws and began rapidly buying up shares.
Bolstered by the pre-market public relations campaign, Fruit Group’s stock price naturally soared.
In no time, it successfully returned to the high of $160.
But the three great whites had no intention of stopping there. They planned to keep pushing, striving to drive Fruit Group’s stock to even greater heights!
"Chen Lin, begin executing plan B. Prepare to short Fruit Group!"
Ye Ling ordered Chen Lin while keeping a close eye on the market trends.
"Understood!"
Chen Lin replied immediately.
Today, Ye Ling’s goal was simpler than before: just as Fruit Group reached its peak, he would bring the hammer down hard and knock it back down!
And while he was at it, he’d rip a few chunks of flesh from those three great white sharks!
Under normal circumstances, no one would dare to do such a thing. After all, one great white shark was terrifying enough, but now there was a whole shiver of them. What small-time investor would dare to challenge them?
They’d just be devoured like cannon fodder!
But of course, our Brother Ling wouldn’t be devoured like fodder. After all, he had his check-in system.
If an uncontrollable risk were to truly appear, the system would definitely warn him before it happened!
Cut your losses. The phrase sounds incredibly simple, but in truth, if you can master it—whether in the stock market, in life, or even in love—you can navigate anything with ease.
Why do some people get hurt so badly in relationships?
It’s because they don’t know how to cut their losses!
If they chose to cut their losses the moment problems arose with their partner, instead of clinging to ridiculous fantasies and hoping for a miracle...
...how could they possibly get so brutally hurt?
Meanwhile, the United States stock market was acting as if it were on steroids.
The entry of the three great whites had undoubtedly triggered a buying frenzy, with many retail investors rushing to follow the three giants and buy in.
These people were all just hoping to ride the wave and get a taste of the profits.
To be honest, following the trend is actually a decent choice for retail investors.
Going it alone is unrealistic!
Some people might say, "But won’t you just get fleeced if you follow the crowd?"
To that, one can only say that if you don’t follow the crowd, you don’t even qualify to be fleeced.
Take this time, for example. The three consortiums have probably invested over ten billion by now. With only ten or twenty thousand in your pocket, do you really think you can compete with these titans?
Under normal circumstances, it’s definitely impossible!
Even if something unexpected did happen, these titans could use their immense capital to brute-force the situation back in their favor.
There’s nothing wrong with following the trend. The mistake is not knowing *whose* trend to follow, and not knowing if an even bigger tornado will follow the storm!
As for the current situation, there was really nothing to worry about.
With three top-tier powers joining forces, honestly, no other force could possibly shake them. Thus, the multitude of retail investors felt perfectly safe buying in alongside them.
And with the addition of these retail investors, Fruit Group’s stock price saw a second surge, instantly breaking past $170!
In a mere three days, Fruit Group’s stock price had experienced a huge surge, a steep fall, and then another huge surge. For a large-cap stock to go through this...
...to a certain extent, it just proved one thing: the stock market is truly a place of extreme risk!
As the clock struck midnight, Fruit Group’s stock hit a high of $175, setting a new record.
You have to remember, even under the influence of the iFeng 7X launch, Fruit Group’s stock had only reached $160!
And now, it was a full $15 higher than that previous peak.
This just went to show the blindness of the stock market!
The three great whites alone could never have pushed the price this high. The key was the massive horde of minions trailing behind them.
It was like cultivators in cultivation novels who borrow the power of heaven and earth to unleash even greater strength. These "minions" had further amplified the fighting power of the three great whites!
"Chen Lin, after midnight, we begin to short Fruit Group with full force," Ye Ling ordered immediately.
"Yes, sir!"
Without the slightest hesitation, Chen Lin immediately relayed the command to his subordinates.
This time, the entire operations team of the Celestial Dragon Investment Company was present, including their leader, Chen Lin. This just showed how much importance the Celestial Dragon Investment Company placed on this battle.
Short selling, a concept diametrically opposed to the traditional "buy low, sell high" mindset, is when you anticipate a stock that has reached its peak will fall. You sell your shares at the current market price and then buy them back when the price drops. The difference is your profit!
It’s a game for the strong!
’If a regular person tried to play this game, they’d just end up as a sucker, right?’