Novel Square
Chapter 896 Counterattack
Chapter 896 Counterattack
Financial warfare could be described as both straightforward and challenging.
The simplicity lay in the fact that if the initiating party held the advantage of taking the first move and possessed substantial financial resources, there was little possibility of failure for them in the financial warfare.
After all, by consistently pouring money in to drive up the stock price, as long as individual investors were willing to follow suit, the market price would remain above the average level.
In other words, the withdrawing party would always make a profit, but the higher they elevated the price, the more severe the subsequent fall would be. As for the target of the financial attack, the consequences would be even more devastating.
The target price set for the Downey family's financial attack was hundred and fifty.
The majority of the individual stockholders would be unable to keep up with the Downey family when the Downey family abruptly withdrew at that price. The individual stockholders failed to be as synchronized as the Downey family, so Dragon Fide Corporation's market value rapidly declined.
Yet, what surprised the Downey family was how the stock prices stopped increasing after the price arrived at a hundred and forty-nine and a half.
This strange scenario resembled a surging wave that suddenly halted at a certain point, no longer continuing its ascent.
A sense of foreboding rose within Wilfred.
Could someone be mass selling the stocks now?
Just as that thought emerged in Wilfred's head, Dragon Fide Corporation's stock prices began plummeting.
Serena, who was in charge of the financial attack, panicked.
“Sir, the stock prices have dropped until a hundred and forty. Do we continue, or do we sell the stocks?”
Continuing meant continuously pouring money into their plan to rapidly drive the stock price back up within a short timeframe to restore confidence in individual stockholders and entice them to continue purchasing the stocks.
On the other hand, if they were to sell the stocks, they would be giving up on their target price and only gaining a marginal profit.
Yet, Wilfred had meticulously prepared this for a long time, collaborating with the Ten Prestigious Families to launch a substantial attack on Dragon Fide Corporation. If he were to only make a marginal profit and withdraw, how could he face the rest of the Ten Prestigious Families in the future?
“We'll continue!”
Wilfred clenched his teeth and declared, “I refuse to believe that Dragon Fide Corporation can withdraw such a substantial amount of capital in such a short time. This stock price isn't even a big deal! I will invest as much as possible. Push the price even higher!”
With Wilfred's directive, Serena swiftly took action and invested all the remaining funds she had into the market.
The downward momentum of Dragon Fide Corporation's stock price stabilized, but there was no immediate rebound in the overall price.
Observing this, Wilfred grew increasingly anxious.
The individual investors were not naive either. With their past experiences, they could discern that significant players were engaged in a power struggle behind the scenes when they witnessed the stock price fluctuating drastically before stabilizing at a particular level.
In no time, the stock prices fell again. © 2024 Nôv/el/Dram/a.Org.
However, this time, it was not due to large-scale selling from the major players. Instead, it was due to the individual investors, who had begun liquidating their shares.
Upon witnessing this scenario, Wilfred swiftly comprehended that the situation was beyond repair.
He clenched his teeth and instructed Serena, “Set the price at a hundred and thirty and sell all the stocks we are holding.”
The average stock price for the stocks they held was eighty, so even if they sold them at a hundred and thirty, they would still make a profit.
However, what left Wilfred feeling frustrated was the alarming speed at which the stock price was plummeting.
Serena did not even have the opportunity to set the price before it dropped below a hundred and thirty.
“Sir, we can't sell them at a hundred and thirty anymore.”
“Then set it at a hundred and twenty! Do you actually need me to tell you what to do? Are you an idiot?”
While Wilfred was losing his temper, Dragon Fide Corporation's stock prices fell below a hundred and twenty.
This time, Serena did not ask Wilfred before setting the price at a hundred.
Alas, the price drop was far quicker than she imagined. Just as she set their stock prices as a hundred, the price fell to a mere eighty-nine.