Chapter 311: 137, Lin Mo shocks the New York Stock Exchange! The greatest trader!_2
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GameStop was just a medium-sized investment project for Melvin Capital, which they had been shorting for two months already. They were expecting the company to collapse soon so that they could take over and reorganize it. How could someone suddenly come out of nowhere to stand in their way?
The audacity was considerable, to actually throw in twenty million dollars all at once.
Were they intending to challenge them?
Carl Icahn’s expression showed no change, and he didn’t even glance at the documents on his desk as if he were discussing an utterly trivial matter, “Continue to sell off the shares we hold, whatever amount he buys, you sell the same, pull the stock price below 10 US Dollars.”
“Yes, I understand.” Levan Tony left the office and then began to work with the stocks he had at hand.
They were currently holding the majority of GameStop’s stocks; a mere twenty million in capital inflow could not pose any significant threat to their plans.
However, what really worried Levan Tony was that this twenty million US Dollars might just be a signal to start the war!
…
New York Stock Exchange.
More and more individual investors were gathering in front of GameStop, eyes fixed on the large screen above, as if anticipating something.
Soon,
the stock panel changed.
[GameStop GME, NLS basic quotation, New York Stock Exchange]
[Opening today: 17.365 US Dollars, highest: 17.410 US Dollars, volume: 423.96 million shares, previous close: 16.970 US Dollars, lowest: 16.820 US Dollars, turnover: 94.24 million US Dollars, turnover rate 1.01%, PE (TTM) loss, total market value: 5.304 billion]
[Real-time price: 16.42 US Dollars]
….
“F**k, the short sellers really made their move!”
“They’re quick to react!”
“WTF, a mere twenty million US Dollars, can’t fight against them at all!”
“Those damn syndicates, they really deserve to clean their asses for a good kick.”
“Look, they’re still shorting!”
“It’s outrageous, isn’t there anyone who can’t stand this and follows with some trades?”
“bitch, do you think our money is picked up from the ground? Who would enter the market at this time?”
“Look, the stock price is still falling!”
….
[GameStop GME, NLS basic quotation, New York Stock Exchange]
[Opening today: 17.365 US Dollars…..]
[Real-time price: 13.42 US Dollars]
….
[GameStop GME, NLS basic quotation, New York Stock Exchange]
[Opening today: 17.365 US Dollars…..]
[Real-time price: 10.42 US Dollars]
…
[GameStop GME, NLS basic quotation, New York Stock Exchange]
[Opening today: 17.365 US Dollars…..]
[Real-time price: 9.42 US Dollars]
…..
In the VIP room
Lin Jinwen saw the continuously falling stock prices, sweat forming on his forehead. After much hesitation, he finally spoke to Lin Mo, “Honey, should we still sell? If we sell now, the losses will be smaller…”
“Otherwise, it might hit the limit down soon!”
Limit down?
Lin Mo really wanted to remind his wife that US stocks were different from A-shares; they don’t have the limit down rule.
His frown deepened involuntarily.
He only had information that the stock would rise, but did not know why it would surge, and the information might not be constant.
Because the moment he injected twenty million in capital, the world had already changed, possibly drawing premature resistance from the short sellers, leading to the possibility that the stock might not rise today.
But Lin Mo was not particularly worried because he knew that whatever you do, you need to accumulate experience.
If this attempt failed, it would serve as preparation for the next time.
After all, he would inevitably deal with stocks, and similar situations would certainly occur.
If this twenty million was lost, he would just have the hacker Dark transfer a couple hundred million over to continue trying.
After all, the treasure sold for over eight hundred million US Dollars in total. Subtracting the startup capital for the live streaming software, there was still over six hundred million US Dollars remaining.
Enough for him to squander.
Lin Mo’s mindset was very calm, consoling, “Wife, don’t worry. Although following Uncle Tai doesn’t guarantee a steady profit, there will always be opportunities to make money. Even if we lose this time, it’s just tuition. We’re here to learn today, so don’t be too nervous.”
That was easy to say.
But in less than half an hour, to directly lose ten million US Dollars was a loss Lin Mo could bear, but Lin Jinwen simply couldn’t calm down.
However, she believed in Lin Mo, so she nodded and didn’t say much more, just praying in her heart that the stock price would rise.
“Alright! It’s just that it hurts to see so much money gone! It’s a lot of money!”
Twenty million US Dollars…
That was a sum she wouldn’t even dare to think about before!
Let alone twenty million US Dollars, even two thousand US Dollars was a significant amount for her!
Lin Jinwen gripped Lin Mo’s arm tightly.
She couldn’t control her nervousness.
Seeing this, Lin Mo was utterly helpless.
However, what came next wasn’t the expected stock rise or limit down. Instead, it was a trading halt, and it was a level-two halt at that.
…
[GameStop GME, NLS basic quotation, New York Stock Exchange]
[Opening today: 17.365 US Dollars…..]
[Real-time price: 9.42 US Dollars]
[The stock has fallen more than 7% today and has triggered the level-two circuit breaker, halting trading for two hours.]
….
Lin Jinwen frowned and said, “Honey, the notice says the stock has been temporarily suspended from trading, stopping for two hours in total.”
“Yeah, I saw it.” Lin Mo seemed not to care at all, glanced at the time, and it was almost noon. He asked Lin Jinwen, “Wife, are you hungry? Shall we go out for something to eat?”
Unlike A-shares, US stocks didn’t stop trading at noon and went on from 9 am to 4 pm.
Lin Jinwen decisively shook her head, “Honey, I’m not hungry. If you’re hungry, we can just eat something here. I don’t feel at ease going out.”
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