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Chapter 376: Intense stock price fluctuations

On Monday, June 2, 2008, the weather was gloomy and I didn’t see the sun all day.

When people who go to work in the morning saw the weather gloomy, they thought it might rain, so many people brought umbrellas before going out.

Due to the impact of the subprime mortgage crisis in Country M, the global financial market is not very ideal now, and Country H's financial market has also fallen for several consecutive months.

Originally, many financial practitioners thought that today would be another dull day. After all, there is no transaction volume in the market now, which is very bleak.

Many financial practitioners are considering changing jobs. At least they won’t starve to death if they go to brush dishes. If they continue to do finance, they may really starve to death.

When the stock market opens, the entire market is like a stagnant pool, and the trading volume of each stock is pitifully small.

Just when everyone thought today was another dull day, Samsung's stock trading volume suddenly increased, and in just a few minutes, the trading volume increased by hundreds of times.

Samsung's stock price has changed rapidly and has instantly become the most beautiful baby in the plain stock market. Many investors have focused on Samsung's stock price, and at the same time, they have business relationships with Samsung or the stock trading volume of its subsidiaries has also begun to increase.

Slowly, the buyers and sellers, which were originally evenly matched, began to reduce their purchase orders, but the power of short selling was still increasing. Samsung's stock price began to fall slowly after fluctuating by more than ten points.

Investors in the market began to be tempted. They felt that Samsung's stock price would continue to fall, so they started to open positions and short selling; some people thought that Samsung's stock price would rebound, so they started to buy and wait for the rebound.

But half an hour passed, and Samsung's stock price had fallen by 10%, but there was no sign of rebound.

Samsung's stocks account for a relatively high proportion in the H country's stock market index. Due to the decline in Samsung's stock price, it also led to a decline in the H country's stock market index. The decline in the stock market index caused panic and sold stocks one after another, causing many stocks to begin to fall.

Since Samsung's influence in Country H is too great, many investors believe that Samsung's stock price will rebound. As Samsung's stock price continues to fall, more and more people enter the market to buy at the bottom, and the trading volume is getting bigger and bigger.

When the market closed in the morning, Samsung's stock price had fallen by 30%. Many people who entered the market to buy the market thought the stock price could rebound, but they did not expect that after the stock price fell to 10%, it would still fall; when it fell to 20%, someone went in to buy the bottom, and felt that the stock price had begun to rebound, but the stock price still did not rebound.

At this time, people who bought at the bottom of 10% before thought that there was no room for decline and would definitely rebound later. So when the stock price fell to 20%, people who entered the bottom of 10% before also entered the bottom of 10% again to reduce costs.

But unfortunately, when Samsung's stock price fell to 20%, it still did not stop falling and went to 30%.

When the morning session closed, many stock investors squatted on the ground and cried with their chests.

Originally, they just wanted to buy at the bottom and make some money, but they didn't expect to copy it halfway up the mountain.

This is not the most critical thing, the point is that you don’t know where the bottom of the stock price is.

If the stock price rebounded at the opening in the afternoon, then it would be fine, what if it continued to fall?

Thinking of this, many investors were not in the mood to have a meal. They began to inquire about news from each other, wondering why Samsung suddenly fell sharply and whether there was any negative news to come out.

At the headquarters of Samsung's company, Park Hae's eyes were staring at the Samsung stock price trend on the computer screen. It was not until the closing time that his eyes left the computer screen.

"Li Yuan, can you tell me why our company's stock price plummeted for no reason?"

Park Hae frowned and looked at a middle-aged man standing in front of him.

Lee Won, the head of Samsung's financial department, was also promoted by Park Hae a few years ago. She is considered Park Hae's confidant.

At this time, Lee Won looked at Park Hae with a panic look on her face, her eyes rolled quickly, her arms sag naturally, but her hands were rubbing each other, and she was very nervous inside.

"Chairman, I have asked someone to check it, but I didn't find anything. It seems that someone maliciously shorted our company's stock price."

"Do I need you to say this? I also know that someone is maliciously shorting the stock price of our company. I want to know who is maliciously shorting the stock price of our company. Have you found it?"

Park Hae shouted loudly at Lee Won angrily, and his saliva was sprayed on Lee Won's face through the table.

Lee Won didn't dare to raise his hand to wipe the saliva from his face, so he had to stand there quietly listening to Park Hae's words.

Seeing Lee Won's expression, Park Hae also knew that he hadn't found anything, and even if he scolded him for being so bloody, it would be useless.

"You go down first and pay close attention to the company's stock price in the afternoon."

Hearing Park Hae's words, Lee Won quickly bowed deeply to Park Hae, then turned around and left the office, reached out to wipe the saliva from his face. Lee Won just wants to go to the bathroom to wash his face immediately.

"Wait a minute, close the door, and then tell the secretary outside that, without my instructions, don't disturb me."

Just as Lee Won walked to the door of the office, he suddenly heard Park Hae's words.

When he heard Park Hae's words in front of him, he thought Park Hae would call him back and continue to scold him angrily, but when he heard the words behind him, Lee Won's heart that had just been raised was slowly let go.

"Okay, boss."

Lee Won stood at the door and turned around, first said something to Park Hae, then carefully closed the office door, and then walked over to Park Hae's secretary and told him not to disturb the chairman.

After Park Hae confirmed that Lee Won had gone far, he quickly took out his cell phone and called Zhao Yun's number. The ringtone rang for a long time before answering it there.

"Mr. Zhao, something big happened. The stock price of our company has dropped by 30% for no reason. I suspect that it was the people from the Heilong Chamber of Commerce who maliciously shorted our company."

After hearing that the phone was answered, Park Hae quickly reported the current situation without waiting for Zhao Yun to speak.

"Mr. Zhao, please help me ask the boss, what should I do next? Should I mobilize funds to buy stocks and stabilize the stock price of Samsung."

"But our company does not have that much liquidity. If this is the case, the boss may need to help provide some funds."

"Have you finished speaking? Do you still talk to me?"

Zhao Yun had just finished talking with Lin Feng, but Park Hae called in. As soon as he answered, he said a lot of words. Zhao Yun couldn't even make a few words.

"I'm sorry, Mr. Zhao, say, I'll listen." Park Hae heard Zhao Yun's words and quickly swallowed the words to his mouth, and then said humbly.

Zhao Yun heard Park Hae stop muttering and moisten his throat.

"The boss already knows the decline in Samsung's stock price. The boss called me just now. He meant that you don't have to worry about anything, just let the stock price fluctuate."

After hearing Zhao Yun's words, Park Hae became anxious.

What does it mean to ignore it? Once the stock price is out of control and continues to fall, it will easily cause other chain reactions.

"Mr. Zhao, what does this mean?" Park Hae was anxious, "Once the stock price continues to fall, the market investors will lose confidence in our stocks, which will cause a lot of chain reactions."

Zhao Yun said firmly: "The boss means, don't do anything, do you need me to say it a second time?"

"But..." Park Hae stopped talking when he said halfway.

He heard impatient and unquestionable from Zhao Yun's words. He wanted to continue working hard, but in the end he shut up.

"Okay, I'll listen to the boss."

Hearing that Park Hae had surrendered, Zhao Yun's tone eased a little.

"Don't worry, don't forget that the boss also holds shares in Samsung. The sharp drop in stock prices will not benefit the boss, so the boss has his own plans, so you don't have to worry about it."

Zhao Yun said this to the point, and Park Hae couldn't say anything. After hanging up the phone, he smoked alone in the office.

The lunch break passed quickly and the stock market started trading again.

After the afternoon break, many people who had run to the market to buy at the bottom of the market because of impulse have figured it out. Now, Samsung's stock price doesn't know when it will bottom out, so they might as well come out first to avoid risks.

So at the opening of the afternoon, Samsung's stock price instantly changed from a 30% decline to a 40% decline under a huge number of sell orders, but the sell orders continued to flow out, and short orders were also hanging out.

Just as Samsung's stock price was about to fall to 50%, a large number of buy orders were posted, and soon the buyer tied with the seller.

Then more and more buy orders came out, and Samsung's stock price officially began to rebound.

When Samsung's stock price fell, the stock price fell very slowly, but when it rose, it was very fast. In just ten minutes, Samsung's stock price had already subdued all the "positions" that fell today, and a large number of paying orders were still pouring out. By 2 pm, Samsung's stock price not only did not fall that day, but also rose by 10%.

At two points, Samsung's stock price rose by 20%.

Many investors who opened positions and shorted their stock prices before saw this situation and started buying stocks to close their positions. So Samsung's stock price had risen by 2:30.

Now people in the entire stock market are paying attention to the stock price trend of Samsung.

In the morning, he looked like a big drop, but in the afternoon, the turnaround came so quickly that it suddenly changed from a big drop of 50% to a big increase of 100%.

Many people saw that Samsung's stock price had risen so much, their eyes instantly turned red and their hearts were excited.

In recent months, the stock market has been in a downturn and no one has made any money.

Now Samsung's stock price has suddenly risen sharply, making everyone feel as if they have seen an oasis in the desert, their eyes glowing, and the air is filled with the smell of money.

More and more people began to enter the market to buy Samsung stocks. At 3:00 pm, Samsung's stock price rose by 500% that day.

Many people who shorted Samsung's stock price directly lost their positions and suffered heavy losses.

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Just as everyone was praying that Samsung's stock price would continue to rise, the number of orders selling Samsung's stock price suddenly increased, like snowflakes, and finally more and more, like snowballs, getting bigger and bigger.

At 3:00 pm, Samsung's stock price began to fall slowly after a huge amount of sideways for ten minutes.

Those who saw Samsung's stock price rise too much and dared not enter the market saw that Samsung's stock price began to pull back and began to enter the market. They all felt that Samsung's stock price would continue to rise sharply in the future, and the current pullback was only temporary.

But no one expected that this callback would directly become the highest point of the day.

From 3:00 to 3:30, the stock market closed, Samsung's stock price has been falling in volume, especially in the last five minutes, when the stock price fell by 50%.

At 3:30, the stock market closed.

Samsung's stock price closed up 30% on the same day.

This day is destined to be an unforgettable day for many people.

Many investors in the stock hall were wailing and crying.

After the closing, the exchange immediately sent a letter to Samsung, asking them to explain the reasons for the company's stock price today.
Chapter completed!
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