Chapter 140: 139
In the dining room, Mr. Chen Tian sat at the head of the long table while others sat around eating a lavish breakfast.
A large TV screen hung on the wall opposite the table.
A presenter, dressed in a khaki uniform, was seated in a broadcast room delivering the day's news:
"Daily Financial Morning News: Yesterday, a major bribery scandal involving senior executives in the investment department of Shengda Game, a subsidiary of Shengda Group, led to the plummeting of Shengda Group's stock, triggering a trading halt."
"Previously, on the evening of September 31, Shengda Group released its third-quarter performance report. The company achieved a net profit of 630 million yuan in the first three quarters, a decrease of 35.54% year-on-year."
"Today, Shibei Huatong announced its intention to invest 28.8 billion yuan to purchase 100% of the shares of Shengda Game, a wholly-owned subsidiary of Shengda Group. Negotiations between the two parties are ongoing, with financial journalists continuing to follow the situation!"
Hearing about the stock price halt of Shengda Group and the potential acquisition of Shengda Game, Gu Yu and others, who were cutting their steaks, looked up at Mr. Chen Tian.
This was a major event indeed!
Everyone knew that Shengda Game was the foundation of Shengda Group. Now that Shibei Huatong was looking to acquire Shengda Game amid these circumstances, wasn't this essentially undercutting them?
However, Mr. Chen showed no reaction to the news and continued calmly cutting his steak.
The only sound in the dining room was the squeak of dinner knives cutting through steak, making everyone wonder if Mr. Chen was suppressing his emotions.
But a few seconds later, Mr. Chen cut a small piece of juicy steak and ate it.
Looking up and seeing everyone staring at him, his expression showed slight surprise.
"What's wrong? Does the breakfast not suit your tastes today? Shall I have Mrs. Hua ask the kitchen to make something else for you?"
Seeing that most had barely touched their steaks, Chen Tian thought there might be an issue with the taste.
The nearby servants quickly stepped forward, ready to take away everyone's plates to replace them with a new breakfast.
"No, no, no! The breakfast is delicious! We were just curious about why you had no reaction to the Shengda news,"
Everyone hastily shook their heads, and Gu Yu voiced everyone's thoughts.
Mr. Chen Tian's eyebrows lifted slightly, and his eyes turned to the TV, which was now discussing Shengda Group's stock trading halt.
On the show, the host was incessantly debating with a so-called financial expert.
He listened casually for a while, essentially debating whether Shengda's stock price would continue to fall today and if Shibei Huatong could successfully acquire Shengda Game.
"Hmm, you could take this opportunity to buy some Shengda stock. Regardless of whether Shengda Game is acquired by Shibei Huatong or not, you could make a small profit,"
After a moment of thought, Chen Tian voiced his opinion.
Not caring whether Gu Yu and the others understood, he picked up his phone from the side and made a call: "Wei, sell five billion yuan worth of Shengda stock at today's closing."
"Yes, boss!"
The only response from the other end was a brief affirmation before the call was hastily ended.
In less than thirty seconds, Chen Tian had prepared a five-billion yuan stock transaction.
"Damn! So Mr. Chen is the market maker!"
Qin Shan, who had been silently watching the financial news, suddenly exclaimed.
Everyone looked at him perplexed, prompting Yu Laoer to ask, "What does a market maker mean?"
"You guys don't invest in funds? Sheesh, not the qualifications of a proper college student!"
"A market maker is an investor who has substantial capital in the stock market, trades large volumes of stocks and is able to control market trends!"
"Don't know if you've heard of the term 'smashing the market'?
It refers to a market maker selling a large amount of their own stocks all at once, creating the illusion that the stock price will continue to fall.
Investors are scared to average down, and might even sell their stocks in panic. At this point, the market maker buys up the stocks at a price lower than before, acquiring more chips!"
"Mr. Chen is smashing the market! The stocks of Shengda will definitely plummet tomorrow!"
After schooling everyone, the others merely stared blankly, utterly clueless about what he was talking about.
"Hmm, to summarize Qin Shan's point, if I sell a large amount of stocks all at once, it will lead to a rapid drop in stock prices. This frightens individual investors into selling their stocks, allowing me to buy more stocks with the same amount of money, ensuring a profitable transaction,"
Seeing their confusion, Mr. Chen took the initiative to explain further.
"Awesome! So you're actually manipulating the stock prices? The investors must be cursing you..."
Gu Yu immediately understood.
This was the tactic of selling high, buying low, then selling high again.
By using his chips, he directly manipulated the stock prices!
Honestly, playing it this way was somewhat unscrupulous!
"Anyone playing this game knows it's a trick, but the high returns make them forget the risks."
"If you're lucky, you follow the market maker and get a slice of the action; if not, losing everything isn't even too regrettable."
Mr. Chen shook his head, revealing a tranquil smile on his face.
Finance is indeed a battlefield without smoke, where seeking quick profits means bearing the greatest risks.
"The knife of capital kills without blinking."
Boss Pu also nodded thoughtfully.
No wonder there were often news stories about businessmen who went bankrupt overnight in the stock market and then ended their lives.
How many people could play in the league of such financial tycoons like Mr. Chen?
Five billion, ready to sell at a moment's notice!
And if that wasn't enough, he could keep dumping!
Considering that Chen Tian's publicly rumored fortune was already in the billions.
Who knows how much money Chen Tian actually controlled!
"Old Mr. Chen… just give us a hint, did you buy any medical stocks, like Yao Min Kangde, Ai'er Eye Hospital, and those?"
"Why don't you pull it up? My medical fund has lost so much that I'm nearly out of shorts!"
Qin Shan quickly grabbed his phone and ran over to Chen Tian, opening his Alipay.
He saw that the medical fund he had bought had dropped by over twenty percent since the summer break!
In just two short months, his original investment of ten thousand had dwindled to around seven thousand!
"European medical? I didn't buy that, nor can I pull it up. The market makers in there are much tougher than this old man, you better sell it early, it's going to fall further!"
Chen Tian merely glanced and immediately condemned the fund Qin Shan had chosen.
With the old man saying that, Qin Shan felt a bitter taste rising in his throat, his face showing bitterness.
More than two thousand bucks!
Just like that, down the drain!
Seeing his miserable face, Chen Tian gently patted his shoulder, "No worries, knowing when to cut your losses is good."
"How about this! If you trust me, transfer the money you plan to invest to me, and in a few days I can turn one million into one point three million for you."
"Really?"
Hearing Old Mr. Chen's words, Qin Shan's eyes lit up.
Without a second thought, he gathered all the money in his card, not sparing even a few bucks from his empty cards, and transferred everything to Chen Tian.
"A total of twenty-one thousand two hundred thirty-eight yuan and sixty-one cents! Old Mr. Chen, please take care of it!"
"Sure!"
Chen Tian watched as the transfer notifications popped up on his Feixin, nodding lightly.
Before he could even put down his phone, he suddenly received several more transfers, ten thousand, thirty thousand, each calculated to two decimal places.
He looked puzzledly at Pu Tongren and the others, only to see them putting their hands together and shouting, "Old Mr. Chen! Please take care of it!"
"Are you treating me like an ATM?"
Old Mr. Chen quipped with a purse of his lips, but said nothing more.
All together, it wasn't even a hundred thousand; he didn't even consider it significant.
After casually making a note, he noticed that Gu Yu hadn't transferred money to him, so he commented, "Look at Yu, he isn't greedy for small profits!"
"That's the mindset to accomplish great things! Well-deserved praise!"
Chen Tian praised Gu Yu in front of everyone.
Gu Yu, however, awkwardly touched the back of his neck, picked up his phone, and showed the transfer message to Chen Tian.
"Old Mr. Chen, I just transferred too much at once, it might take a little while to process."
Chen Tian's eyes widened, "How much did you transfer?"
Everyone turned their eyes to Gu Yu.
Gu Yu put down his phone and held up two fingers, "Actually, it's not much for you, just one million one hundred thousand!"
...
Everyone was silent.
"Pfft—"
Lin Xinyue spewed the hot milk she just drank straight into her plate.
Gu Yu is really shearing a sheep here!
Seeing Laosi transfer over a million in one go to Old Mr. Chen, Qin Shan's eyes spun, and his mind became agile.
Right! A profit not taken is a profit wasted!
He displayed a sycophantic smile, rubbing his hands towards Chen Tian, "Old Mr. Chen, can I ask for more from home? I'll have my dad sell the house right away! You wouldn't mind a few more million, right?"
"Pfft—"
This time, Chen Chuyin sprayed a table full of milk.
"Scram!"
Three black lines appeared on Chen Tian's forehead.
They are all clowns, seriously!
He had casually mentioned making some extra money for them, but this group had no courtesy at all!
Seeing over a million more in his Alipay and Feixin, he couldn't help feeling a bit of a headache.
Thinking it over, he impulsively pushed it all to his trader, Wei.
"Wei, add another one million two hundred thousand for the closing. Separate the profits from this one million two hundred thousand."
Wei: "Okay, boss!"
A competent subordinate never questions any decisions made by the boss.
Just do as told!
In a secluded room, a skinny young man with glasses thicker than the bottom of a glass bottle was intensely staring at the stock price trends on his computer.
Just waiting for three o'clock, the last minute before the stock market closes, he was going to dump all his holdings worth a billion.
The whole market will tremble for him at the end!
The thought of it was exhilarating!
Wei rubbed his hands excitedly, absolutely loving this feeling of controlling everything!