Extreme Almightiest Young Master

Chapter 457: Sniping Stocks

While everyone was wondering why Jiamei Energy had suddenly undergone a drastic change, Chu Meng saw that the time was ripe and suddenly ordered Lin Feng to sell off all his shares. The strong upward trend that had just occurred would definitely prompt some people to follow suit. That’s how the stock market worked—a pack of wolves watching closely. Being able to sell all one’s shares at this time was undoubtedly the best opportunity. By doing so, he could pass his shares off to some of the blindly-following crowd while at the same time suppressing the stock price.

If the shares were sold off bit by bit without affecting the stock price, they would surely attract the attention of every follower. However, Chu Meng instructed Lin Feng to suddenly sell off a large batch of shares, instantly causing a panic in the market. Such irregular and sudden movements, after a rise followed by a release of a large number of floating shares without any buyers, was exceedingly abnormal. Hence, many floating shares began to be sold off; if they weren’t sold now while still profitable, it would be too late for regrets once changes occurred.

In an instant, due to Chu Meng’s maneuvering, Jiamei Energy’s stock price began to plummet again. Within just half an hour, the price had decreased by 8%. However, the stock price drop was exactly what Chu Meng needed. The sudden drop would force many to release some of their floating shares, and it was at this time that Lin Feng, at the request of Chu Meng, began to slowly absorb these floating shares from the market. Having chips in hand was necessary to control the stock price and to force Jiamei Energy’s operators into action.

Unbeknownst to others, Lin Feng had gathered more than double the shares he started with, meaning many people were indeed offloading their shares. Seeing such a result made Chu Meng smile. Things were indeed moving in the direction she had anticipated. Also, Jiamei Energy was now showing malicious volatility, causing many individual investors to become panicked and confused. Jiamei Energy, which had been rising steadily at the beginning, how could it suddenly experience such explosive rises and falls.

Jiamei Energy’s abnormal performance immediately caught the attention of many professional followers. This situation was too irregular—if nothing unexpected happened, significant fluctuations were bound to occur. Such moments were a boon for short-term speculators. The principle that professional followers made money was understood by everyone; all that remained was to observe the subsequent trends.

Meanwhile, Young Master Wang’s control team studio, managed by Wang Ben, was on high alert. Though not tall and appearing to be in his forties when he was actually just over thirty, premature white hair had already crept onto his temples and forehead. Wang Ben was very nervous, for Jiamei Energy—the focal point of his boss’s attention—was now in trouble.

From the moment the market opened, Jiamei Energy’s floating shares were quickly bought out, which had already alerted Wang Ben. As expected, a large amount of selling subsequently occurred, with the stock price showing a rapid downward trend—a consequence of many individual investors panicking and selling off their shares.

Seeing the stock price plummet so suddenly, Wang Ben knew that some force had targeted Jiamei Energy. Otherwise, such abrupt fluctuations, inconsistent with his planned price movements, wouldn’t have occurred. Having realized this, Wang Ben ordered his team to strongly push the price upward to prevent the opponent from absorbing more shares at a low price and to increase the cost for the other party.

However, what Wang Ben didn’t anticipate was that Chu Meng had already completed the stage of purchasing at a low price and was just waiting for Wang Ben’s team to drive up the stock price. At this moment, Wang Ben was playing right into Chu Meng’s hands. After Wang Ben’s pushing led the price to a high position, adding four percentage points relative to the opening price, he began to withdraw and started placing sell orders, waiting for someone to take over. However, the unexpected happened—when Wang Ben began placing his orders, there were no takers.

Short-term individual investors, noticing the sudden movements, had already become alert, but nobody wanted to make a rash move without a clear understanding of the situation. Some short-term large investors were also watching, hoping to act once the situation clarified. Therefore, Wang Ben’s sell order was awkwardly timed, lacking trades and consequently forcing the stock price to lower.

"Junior brother, the person on the other end isn’t very skilled. We’ve got them cornered now," Chu Meng said, her face flushing with excitement as things progressed exactly as she had predicted. It was truly thrilling for her that the situation was running so smoothly. Under these circumstances, she was certain they would strip Jiamei Energy down to the bone.

"That’s for the best. Only if that person feels the pain will they take action, and once they act, we’ll know their identity," Lin Feng replied to Chu Meng, equally pleased. He had been following his senior sister’s plan to establish a position, refraining from sweeping all the listed stocks and instead focusing on slowly absorbing Jiamei Energy’s shares rationally. Moreover, he had completed the positioning stage before Jiamei Energy successfully inflated its price.

"Junior brother, shall we send them into a panic now?" Chu Meng felt it was time to give Jiamei Energy a jolt. It would be too bland to boil the frog in warm water without some fun.

"Hmm, it is time for their hearts to race a bit," Lin Feng agreed that it was time to give Jiamei Energy a roller coaster ride. The timing was excellent, and it wouldn’t be fair to the audience if they didn’t spice things up.

"Alright, Junior Brother, first off, sell one third of your stock at one-third the price from the left hand to the right hand, forcefully giving the market a wrong judgment, making it think someone is going to continue driving up the stock price. As for the other two-thirds of the stock, try to force the price down as much as possible while following the order price, selling it off bit by bit," Chu Meng thought for a moment, arranged the specifics, believing that this approach was currently the best. By doing this, she could maximize her profits to the greatest extent while simultaneously trapping the market makers.

Lin Feng immediately did as Chu Meng advised, continuing to dump his stock holdings while also driving up the price. Others in the market, seeing this, started building their positions and absorbing stocks, reasoning that there were not many obvious chances for a rise left, and it was best to make a quick profit by following the trend.

Wang Ben never expected that the stocks would not stabilize as he had anticipated, returning to normal fluctuations. On the contrary, the price continued to rise under the intervention of a special force, causing quite the concern. The situation became even more urgent, knowing that if the price continued to hang so high, a disaster was certain. With this thought, Wang Ben’s cold sweat began to pour; if the high prices persisted and then plummeted, it could crash everyone involved.

Just as Wang Ben was trying to figure out how to resolve the current deadlock, over on Lin Feng’s side, he had cleared his positions at a point 26 higher than today’s opening price after a continuous upward trend. Needless to say, Lin Feng had earned a lot in a short period of time.

However, the situation in the stock market continued. Without the false intervention of Chu Meng’s left and right-hand transactions, Jiamei Energy’s stock prices suddenly began to dive, with no one showing interest. All hanging orders failed to execute. Seeing this, Wang Ben instantly became panicked. Initially, in order to smoothly collect more money, Jiamei Energy had issued nearly fifty percent of its stocks into the market. Now, faced with such high-risk pricing, he had no choice but to enter the market in the midst of rising prices to stabilize the situation.

But during this brief period, Wang Ben had been trying his hardest to control the stock price changes, aiming for the price fluctuations he had anticipated. However, Chu Meng had completely disrupted his plans. On the one hand, Chu Meng’s sudden influx of substantial capital caught Wang Ben off guard; on the other hand, Chu Meng’s grasp on stock behavior and investor psychology was spot-on, hitting Wang Ben where it hurt most.

With no interest in Jiamei Energy’s stock, the price began to fall precipitously, a rate that was astonishing. Even to accelerate the decline, Chu Meng instructed Lin Feng to sell off some of the stocks involved in the left and right-hand transaction illusion, continuing the disturbance. It made it appear that too many people were clearing out their positions.

Seeing this, Wang Ben broke into a cold sweat. In less than half an hour, the price had already fallen by 35 points. In this short time, Jiamei Energy had lost several billion. Without strong financial backing to support the market, if the decline continued, Jiamei Energy faced the risk of being kicked out of the stock market.

With this in mind, having no other choice, Wang Ben took out his phone and dialed Young Master Wang’s number.

"Young Master Wang, there’s trouble with Jiamei Energy. Just now Jiamei Energy was targeted. In just over an hour since opening, they’ve siphoned off several billion from Jiamei Energy," Wang Ben immediately informed Young Master Wang of the problem with Jiamei Energy upon connecting. This was a major issue that he had to relay to Young Master Wang, allowing him to decide how to resolve it.

"Wang Ben, Jiamei Energy is in trouble? How... how is that possible? Jiamei Energy is not a major stock; how could it be targeted?" Young Master Wang couldn’t believe what Wang Ben was telling him. Jiamei Energy was among the medium to large-sized companies listed in Yuegang, so why would it draw someone’s interest? It was only an hour, how could so much money be taken away so quickly?

"Young Master Wang, I’m not joking, this is real. If you were here, you’d understand. Right now, what we need most is capital to support the market. Otherwise, I’m afraid Jiamei Energy will completely collapse," Wang Ben got straight to the point with Young Master Wang, asking for money forthright. Without funds, Jiamei Energy might truly vanish. As more and more stocks were listed on the market and the volume of transactions decreased, if no market support was provided, prices would surely keep falling, which would be even worse.

"I’m on my way to you now. Hold the fort for now, and I’ll deal with it when I get back," Young Master Wang said before hanging up the phone, his car speeding straight to where Wang Ben’s holding team was located. Jiamei Energy was Young Master Wang’s most profitable company; he couldn’t allow it to disappear no matter what.