I chose one of four options at the start, and I chose the number one clan in Lingnan.
Chapter 111 Stock Market Sniping and the Bottom Line
The main hall of Tazhai Ancestral Hall.
Four high-end laptops were lined up in a row, their green glow reflected on Lin Fu's face.
The candlestick charts of Baishi Port, Sushi Building Materials, and Tiankang Medical show a sharp drop at a right angle, with hundreds of thousands of sell orders pressing down at the bottom.
Retail investors panicked and sold off their shares, completely locking in the daily limit down.
Lin Ting leaned back in his armchair, twirling two walnuts in his hands, which made a crisp clinking sound.
"How many sell orders are there on the market?" Lin Ting asked.
Lin Fu tapped his fingers on the keyboard, bringing up various data.
"Bai's Port Affairs has 400,000 lots listed, and Su's Building Materials has 350,000 lots listed. Shareholders across the province are all running away."
"As soon as the news of the infrastructure project being halted came out, institutions also started dumping their stocks." Lin Fu turned to report.
Leng Qiu sat on the wooden chair next to him, holding a cup of hot tea in her hand, the veins on the back of her hand bulging.
"The four major families have deep foundations. The Bai family controls the port, and the Su family monopolizes building materials. The dirty tricks you released can only cause short-term panic."
"Once they come to their senses and raise the funds, a counterattack will be enough to pull the market back up," Leng Qiu said.
Lin Ting glanced at her.
"The 3 billion yuan infrastructure deposit has been drained, and Old Master Bai is in the ICU. Where are the Bai and Su families going to raise money now?" Lin Ting asked rhetorically.
"How much cash can we still use in the account?" Lin Ting asked Lin Fu.
"After the dividends and the acquisition of the dock, plus the second batch of pre-sale payments just received from Riverview Mansion, we have a billion yuan in liquid cash, all in safe accounts," Lin Fu replied.
"Open twenty retail investor accounts and prepare to enter the market," Lin Ting ordered.
Lin Fu immediately used the mouse to log into his account in split-screen mode.
10:30 a.m.
A barrage of transaction notification sounds emanated from the computer speakers.
"Grandpa, there's money buying up stocks! Bai's Port Holdings' limit down has been broken!" Lin Fu pointed to the leftmost screen.
The green line that was originally sealed at the bottom began to move upwards, and buy orders of 50,000 lots were poured into the order book one after another, absorbing the sell orders from retail investors.
"There's also something happening at Su's Building Materials; the Su family is also trying to save the market," Lin Fu added.
"Bai Yu is supporting the stock price. He's afraid that a stock price collapse will trigger banks to withdraw loans prematurely. The head of the Su family isn't stupid either," Lin Fu analyzed.
Lin Ting poured a cup of tea.
"Let him buy. Once he's absorbed most of the panic selling from retail investors, we'll take action and help him raise the stock price a bit," Lin Ting said.
Leng Qiu put down her teacup, stood up, and walked behind the computer.
"If Bai Yu can stabilize the stock price, he will release a positive announcement this afternoon. As long as the banks don't withdraw loans, he will be able to recover from this," Leng Qiu reminded him.
Lin Ting didn't reply, the walnut spinning in his palm.
Near the midday close, Bai's Port Holdings' stock price was forcibly boosted by five points, narrowing the decline to five percent.
"Grandpa, Bai Yu has invested 300 million. The Su family has invested 200 million, and their cash reserves are almost depleted," Lin Fu reported.
"When the market opens this afternoon, use 200 million to drive Bai's Port Holdings back to its daily limit down. Also, take another 50 million to stir up trouble in Su's Building Materials' market," Lin Ting ordered.
One o'clock in the afternoon.
The stock market has reopened.
Lin Fu quickly typed on the keyboard, and twenty retail investor accounts simultaneously released massive sell orders.
Two hundred million worth of chips were directly poured into the market.
Bai's Port Holdings' stock price, which had just stabilized, crashed head-on against this wall of capital, plummeting and breaking through the bottom line once again.
The price has hit the daily limit down again.
Su's Building Materials also suffered a severe setback. The dumping of 50 million yuan triggered a second wave of panic among retail investors, burying the Su family's funds used to support the market.
Leng Qiu stared at the grim green line on the screen and swallowed hard.
"You're draining the Bai family's cash flow. Bai Yu's available cash can't sustain this kind of spending." Leng Qiu understood Lin Ting's intentions.
Lin Ting picked up his teacup and took a sip.
"He paid two million to have the road administration block my convoy, and I paid two hundred million to block his betting operations," Lin Ting said.
At 2:45 PM, there were only 15 minutes left before the market closed.
Suddenly, a massive number of buy orders appeared on the Bai's Port betting platform screen.
The red bar chart shot up from the ground, directly breaking through the pressure points set up by Lin Fu.
The stock price soared from the daily limit down, turning positive within a minute and rising by three points.
"Grandpa! The Bai family has gone mad! They poured five hundred million into the market in one go, sweeping up all the dumping positions!"
Lin Fu's forehead was sweating as his hands rapidly switched between interfaces to track the source of funds.
Leng Qiu frowned.
"Bai Yu couldn't possibly have 500 million yuan in cash. Old Master Bai is in the ICU, Bai Hao is fighting him for power in the Southern District, and the Bai family's internal funds have long been frozen! Where did he get the money from?" Leng Qiu spoke very quickly.
Lin Fu typed out a string of code on another screen, hacking into the financial registration system on the outskirts of the provincial capital.
"Found it!" Lin Fu slammed his hand on the table.
Bai Yu mortgaged the core factory building and three deep-water berths in the South District Logistics Park!
The funding provider is an investment company under the Mitsui Group. This 500 million is bridge financing from Mitsui! Lin Fu turned to look at Lin Ting.
Leng Qiu's expression darkened slightly.
Foreign capital came to the rescue. In order to keep his position as heir, Bai Yu sold the Bai family's core assets to the Japanese.
"The Mitsui Group is taking advantage of our misfortune; they want to swallow up the port in the southern district!" Leng Qiu's tone tightened.
Lin Ting put down the walnuts in his hand, stood up, and walked to the computer.
He watched the red lines on the screen still rising upwards.
"The village's reach is far-reaching. The 3 billion yen slush fund was just transferred out, and they immediately used that money to seize the Bai family's assets," Lin Ting said.
He turned to look at Lin Fu.
"Spend all of the remaining 750 million on it," Lin Ting ordered.
Lin Fu was taken aback.
"Smash everything? Grandpa, that would expose us directly to the public, and the regulatory authorities would find out about our account connections," Lin Fu warned.
"Smash it. Sweep up all the circulating chips. I'll take all the money Bai Yu got from exchanging the factory." Lin Ting said calmly.
Lin Fu stopped wasting words and began typing rapidly on the keyboard.
On the trading interface, a super buy order of 750 million suddenly appeared.
At 2:50 p.m., Bai's Port Holdings' stock price was surging toward the daily limit.
750 million yuan was poured into the market, and all the circulating shares in the market were swallowed up in one gulp.
The red line snapped in mid-air and fell at a vertical angle.
Five points, zero points, falling below the issue price.
The stock price plummeted below the support level again, firmly pinned to the daily limit down.
Trading volume hit a record high.
At 3:00 PM sharp, the closing bell rang, and the stock market came to a standstill.
Lin Fu let out a long breath and leaned back in his chair, his shirt completely soaked.
"Grandpa, we've taken it all." Lin Fu pointed to the shareholding ratio on the screen.
"We acquired 21 percent of the circulating shares of Bai's Port through 20 accounts."
"Adding the chips we collected earlier, the total is 24%," Lin Fu reported the results.
Leng Qiu sat in the chair, her hands trembling.
"Twenty-four percent, you are now the de facto second largest shareholder of Bai's Port Holdings."
"The 500 million yuan that Bai Yu got by mortgaging the factory has all gone to you. The Bai family's absolute control over the port has been broken." Leng Qiu looked at Lin Ting.
In a corner of the main hall of the ancestral hall, the red, secure landline suddenly rang.
This number is known only to the top circle in the provincial capital and the core personnel in Tazhai.
Lin Fu walked over, picked up the receiver, listened for two seconds, and his expression changed.
He covered the microphone and turned to look at Lin Ting.
"Grandpa, he is Bai Zongming, the head of the Bai family and Bai Yu's father." Lin Fu lowered his voice.
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