Chapter 1285 - 1282: Multitasking While Watching Stocks
Watermelon Finance didn’t think much of it either.
When the 10 million short-selling shares were consumed, they weren’t worried and felt like they’d hit the jackpot. After all, based on the company’s regular stock price, they made 100 USD per share.
That 1,000 shares naturally equaled 1 billion USD.
The total scale of Watermelon Finance is only 10 billion USD, and this single transaction is equivalent to one-tenth of the company’s profit.
They were very excited.
Facing the emotional retail investors, Watermelon Finance thought briefly and then threw another 10 million shares for short selling.
The short selling price this time again exceeded the current stock price. Clearly, it was to make more money because they knew the company’s stock would inevitably drop later.
Seeing such operations, Luofeng laughed, "These guys are really greedy!"
"Chen Ping, Tong Tianlong, let’s first buy five million shares and observe the situation with other retail investors." Luofeng commanded.
The operation personnel at Fengshun Investment immediately started buying up stocks.
When they were buying stocks, retail investors hesitated not a bit and also bought stocks.
Even the short-selling shares thrown out at 140 USD per share were consumed by them.
Such enthusiasm already caused GameStop’s stock price to surpass 140 USD, resulting in multiple circuit breakers for single stocks.
Yet there was still no stopping the skyrocketing stock price of this company.
Around midnight.
There was a knock on Luofeng’s bedroom door, and Luo Lin said, "You home?"
Looks like the parents are back.
"Yes!" Luofeng confirmed.
"We brought back some late-night snacks, want some, son?" Luo Lin said.
"What kind of snacks?" Luofeng asked.
"Four dozen charcoal-grilled garlic oysters. Two dozen garlic scallops and a portion of grilled pig trotters." Luo Lin said.
"Ugh!" Luofeng was speechless, his parents really live well.
"Of course I want some!" Luofeng said.
"Okay!" Luo Lin responded with a sound and left.
Luofeng took out his phone and turned off the silent mode, saying, "Chen Ping, Tong Tianlong, keep watching. If Watermelon Finance continues to short sell, we’ll continue to buy. Just keep the total scale below 23 million shares!"
"No problem!" Chen Ping affirmed.
"Got it." Tong Tianlong said as well.
After replying to the two, Luofeng put the phone back on silent mode.
Under silent mode, Luofeng headed to the living room.
His parents had already set the late-night snacks on the table.
Apart from the good food Luo Lin mentioned earlier, there was even double pepper fried clams.
And Spicy Crawfish.
Luofeng put on a headset and said, "Why did you buy so many snacks today?"
"Mom’s been busy playing mahjong and didn’t have time for dinner, plus she won over 2,000, so she decided to treat with some late-night snacks." Luo Lin said.
"Mom, do you still get anyone to play with you with those skills?" Luofeng asked.
"What’s there to be afraid of? When I lose, I lose thousands too." Xu Zhenzhu said.
Luo Lin glanced at the phone Luofeng placed on the table, which displayed GameStop’s stock price graph, and said, "Are you watching U.S Stocks?"
"Yeah, our company is targeting a stock, making a play for it." Luofeng said casually.
Luo Lin wasn’t overly concerned, changed the subject, and said, "The matter with Yifan Power’s land has been settled, we’ve already changed it to commercial land!"
"So fast?"
Luofeng was surprised, thinking he would have to step in personally.
Turns out Luo Lin managed it by himself?
Luo Lin laughed, rolling his eyes at Luofeng.
Actually, it was thanks to Luofeng’s connections.
It only shows that while Luofeng didn’t get involved, it still got done, indicating he’s underestimated his own power.
"You guys fancy a drink?" Xu Zhenzhu said.
"Forget it, I have to go inspect Yifan Power’s land early tomorrow morning, and also visit the West City project site. I’m not drinking today." Luo Lin declined.
"Dad, why not arrange for a driver instead?"
"Stop it, I like driving myself!"
Luo Lin is also a car enthusiast.
And he loves Porsche.
Luofeng probably inherited this from his dad, right?
"By the way, Luofeng, do you still have any peach gum?" Luo Lin asked while eating the snacks.
"No more, it’s very precious. Did you give a lot away?" Luofeng asked.
"All to some old friends, can’t help it! When will the next batch be out?" Luo Lin asked.
"The next batch of peach gum will come out with even less quantity, we’ll have to wait for the beech nuts in November!" Luofeng said.
"Alright, make sure to get me a lot by then." Luo Lin laughed.
"Wishful thinking, we’ll see when the time comes, I’ll decide on the allocation then." Luofeng hummed.
After the late-night meal, it was about one o’clock.
Luofeng returned to his room.
He wouldn’t be sleeping immediately.
Today, he needed to stay up and watch the U.S Stocks.
Luofeng has always wanted to find a very obedient and knowledgeable beauty who understands stocks.
Because during late nights, you can handle business and watch stocks at the same time?
This way, what’s the worry about staying up all night?
Even pulling an all-nighter wouldn’t be a problem.
But it seems there’s not such a suitable one?
Around four o’clock.
GameStop had reached a stock price of 230 USD.
Yet today, when the market opened, the stock was just 20 USD?
In one day, a tenfold increase?
This stock is truly crazy to the point of insanity.
Under such a miracle, Luofeng’s Fengshun Investment consumed 23 million shares.
This amount is about one-third of GameStop’s total shares.
But they are spread across many accounts, so they didn’t reach the American stockholder announcement threshold.
Fengshun Investment is very familiar with such operations because they’ve done similar things many times before.
On the following morning, around 11 AM.
Luofeng woke up after six hours of sleep and found messages from Chen Ping and others.
The messages mainly were about the actions of American retail investors.
They gathered on forums, declaring victory and expressing their intention to continue targeting financial institutions around GameStop.
Luofeng had used card items on GameStop, knowing the subsequent trend and relaxed but continued to check forum information.
They were discussing in the forums.
They were also aware that GameStop’s performance couldn’t support such a stock price.
But as long as they keep pushing.
Then the ones who can’t hold out first, definitely would be the short-sellers.
A large number of retail investors expressed that earning money wasn’t important, beating the financial institutions was what mattered.
Why do they think they can harvest whenever they want?
Why should retail investors always be sheep?
Facing such thoughts, Luofeng inwardly sneered.
Not to mention Fengshun Investment entering the fray, even without Fengshun Investment, other financial institutions would still join.
Retail investors should have awareness as retail investors.
Do they really think they can beat financial institutions?
Watermelon Finance wasn’t wrong, retail investors are just scatterbrained.
Even though the future trend shows Watermelon Finance being toppled over by these retail investors, it’s just that this Watermelon Finance was too weak.
Can a flock of sheep really think they can defeat a pack of wolves just because they managed to kill an old weak one?