Chapter 1284 - 1281: A Young Lady Like a Fairy?
Li Bo Kai grinned wickedly. "Of course we’re going. Yesterday was great, today we keep going!"
Lin Xiaoyun chimed in, "Me too!"
Chen Dali said to Luofeng, "Brother Feng, you really feel nothing? We found one who looks super like Fairy Sister!"
Li Bo Kai chuckled lewdly, "We can have her role-play being ’casting-couched’?"
Luofeng laughed. "Absolutely no interest. You guys go have fun, I still need to talk work stuff with Fengshun Investment today."
Today’s the day those American retail traders pick their target, right?
At eight in the evening, Luofeng parted ways with the three brothers and headed home.
He immediately got in touch with Chen Ping and the others, using a secure call channel.
"Chen Ping, Tong Tianlong, keep an eye on those U.S Stocks retail traders. See which stock they pick!" Luofeng said.
"No problem!"
"Got it, Boss Luo!"
With the opening of the U.S Stocks.
Maybe some of Daxia’s hot money, plus American financial institutions, had already caught wind that some retail traders were planning to band together and counterattack.
The U.S. stock market today was unusually calm.
There was basically no sense of any waves.
But Luofeng knew this calm was just the calm before the storm.
Fifteen minutes later, Luofeng noticed something off.
A junk stock was climbing abnormally.
The stock was called Game Station.
Someone like Luofeng, born after 2000.
Had no idea it even existed.
Instead, it was Chen Ping and the others who had heard of it.
"It’s the world’s biggest retailer of game discs and related products. They’ve got thousands of physical stores in America and Europe," Chen Ping explained.
Luofeng teased, "What era is this and they’re still selling game discs? This stock’s rise is anything but normal."
Normally, a junk stock like this would just hover around 20 US Dollar.
But now it had already risen to thirty US Dollar.
Chen Ping said, "I checked its details. An American financial institution, Watermelon Finance, is shorting it. They even bragged they’ll short it straight into bankruptcy."
"A company like this going bankrupt wouldn’t be surprising," Luofeng said casually.
He kept watching Game Station’s movement.
The company’s total share count was 69.71 million shares.
Under normal circumstances, its market cap was around 1 billion US Dollar.
In this era where physical game discs are in decline, the company’s profits kept falling and it had already slipped into losses.
Under that premise, shouldn’t it be announcing bankruptcy?
If this company really went bankrupt under Watermelon Finance’s shorting, then Watermelon Finance would make a killing.
But Watermelon Finance overlooked one thing.
This company carried the dreams of an older generation of gamers.
Twenty years ago, online games weren’t that developed yet.
The main medium or carrier for games was mostly discs.
This company had even become a hub where players exchanged game guides.
Simply put, Game Station was a nostalgia hub for older-generation gamers.
And now, that older generation had more or less made some money. Add in the fact that retail traders wanted to band together against financial institutions, and this company became their chosen target.
Just as Watermelon Finance was going short on Game Station.
So retail traders immediately started buying Game Station, preparing to use it as their battlefield.
Seeing the stock rise, Chen Ping said, "Boss Luo, should we join in?"
Tong Tianlong added, "We can join the retail side and go long. This company’s small in scale, with total shares under 70 million and a market cap of just around 1 billion US Dollar. We could even control the float!"
Luofeng started thinking it over. He still hadn’t used the [Designated Version U.S Stocks Trend Info Item Card].
After all, the company’s too small.
Not even 1 billion US Dollar.
"First follow the retail traders and go long. We’ll see how it plays out later," Luofeng said.
The two immediately moved into action.
They started sweeping up shares in the U.S Stocks.
With Luofeng and his team joining, the company’s share price shot up like it was riding an elevator.
This immediately raised Watermelon Finance’s suspicions, and they responded by dumping massive short orders without backing down.
They wanted to slam the price back down.
Watermelon Finance didn’t take these retail traders seriously at all.
Retail traders?
Just a pile of loose sand.
And in a sunset industry, no less?
But the retail traders’ emotions were different. Lately, they’d been slaughtered by financial institutions. American firms had even teamed up with Daxia’s hot money to harvest American retail traders together.
This kind of situation had made American retail traders furious.
Anger plus nostalgia meant that once a few respected voices rallied, people started buying Game Station stock.
Stock trading is still a kind of trade.
It has to follow the rules.
When more people buy, the stock naturally rises.
Retail traders kept buying, forcing the stock from its original 20 US Dollar per share up to 100 US Dollar, and it was still climbing.
But Watermelon Finance didn’t back down.
In their view, what the retail traders were doing was pure suicide.
Originally, Luofeng hadn’t planned on using that item card, but now with Watermelon Finance and the retail traders bashing each other’s brains out over Game Station.
Even though the company was that small.
He still decided to use the card.
Like a casino: maybe the house isn’t that big, but the players are betting big.
In that case, Luofeng was interested in joining the table.
After checking the item card, Luofeng already knew Game Station’s trend for the next five days. He gave the order, "However many short orders there are, we take them all!"
Originally, Watermelon Finance had put up a 10 million share short order at 120 US Dollar per share, hoping to scare these retail traders a bit.
The retail traders were buying slowly; they’d only taken down a bit over 1 million shares.
Following Luofeng’s instructions, his company snapped up the remaining 8 million-plus shares.
Plus some scattered short orders.
Fengshun Investment, like grabbing chestnuts out of the fire, scooped up close to 10 million shares.
Fengshun Investment’s buying of Game Station was automatically assumed by the retail traders to be other retail accounts, because they weren’t idiots. They knew Game Station’s fundamentals couldn’t support this price—this time the retailers were just banding together to target American financial institutions.
And Luofeng’s team weren’t Iron Silly either; they didn’t use a single account to buy a huge chunk, but split it across thousands of accounts.
So the retail traders didn’t overthink it.
They just figured it was a large number of retail traders all trading together, which is how they quickly swallowed the short orders that Watermelon Finance had dumped.
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