560 I Want Him Dead (1/2)
”Master Chen, I'm really sorry. Can I take this call first?” Asking in a polite tone, Wei Suo even showed his cell phone to Chen Xiaobei.
”This is a business call…”
Three characters were shown on the screen, Shi Haoxiang!
”Go and answer the call.”
Chen Xiaobei nodded his head and kept his ears open to listen to the conversation. With permission, Wei Suo answered the call. He then changed to his regular tone.
”Boss Shi, you are calling to ask about the trade, right?”
”Yes! That's right! My Xi Xiang Entertainment's stock price is really low now! Should I start to buy all the stocks?”
”What's the rush? I have told you that the price of the stock can go as low as ten yuan! That is our final goal! Considering that a lot of individual investors have not started selling their stocks, you are going to lose at least thirty percent of the profit if you buy in all the stocks now! By then, we will be treated as laughing stock by other companies! Are you trying to destroy my reputation?”
”Boss Wei, you have misunderstood my question! I was just asking. You can't blame me for being nervous as I've invested all my money in it! From this second onwards, I will follow whatever you ask me to do!”
”Okay. Just wait patiently for now. After a week, I'm confident enough to lower the stock price of Xi Xiang Entertainment to ten yuan! When the time comes, I will inform you to buy all the stocks!”
”Great! Splendid! I thank you in advance! Money just keeps pouring in when I listen to you!”
Seemingly, Shi Haoxiang was delighted. He could not wait to show his gratitude to Wei Suo. Impatiently, Wei Suo hung up the call. He then turned around and looked at Chen Xiaobei with a smile on his face.
”I'm really sorry for making you wait for me to answer the call!”
”I have a question. Xi Xiang Entertainment belongs to Shi Haoxiang himself. Why did he want to lower the stock price of his company?”
”He wants to make a quick buck. Originally, the stock price of Xi Xiang Entertainment was eighty yuan and Shi Haoxiang has stocks worth two hundred million in his possession. That's sixteen billion yuan in total! Selling all his stocks will cause the stock price of Xi Xiang Entertainment to drop instantaneously! After causing panic in the market, all the individual investors will start to sell their stocks in hand as well, resulting in making the stock price even lower.”
”So, when the stock price drops to ten yuan, Shi Haoxiang will begin to buy all Xi Xiang Entertainment stocks that are available in the market! With that being said, he needs two billion to purchase all two hundred million stocks! In other words, he can gain fourteen billion yuan after this buying and selling process!”
Immediately, Chen Xiaobei frowned after hearing Wei Suo's explanation.
”Forcing individual investors to sell their stocks to fill his own stomach is so heartless! So, people like you are the one that makes all those individual investors go broke and jump to their deaths!”
”Ugh… Technically speaking, you are right… This is the rule of the market! Actually, if those individual investors are not greedy, they would not sell everything to the market. In other words, they would not be forced to a dead end!” Wei Suo quickly explained himself.
”Okay. It makes sense to me. Don't worry. I ain't a saint or cynic! Going against those big shots that obtain their money regardless of morality is not my goal. I can't control people's greed. End of discussion.”
”Alright.”