Chapter 85: Chapter 85: Out of Funds

Qingyun Hotel.

"This——"

The traders at Lin Yun's end were dumbfounded.

Just then, Lin Yun had asked them to rapidly offload stocks. Due to the selling restrictions on margin trading, they had been frantically clicking till their hands were sore.

Indeed, it had attracted a considerable number of following actions.

However, this way of offloading stocks seemed not to be very effective.

As long as the opponent had a large amount of capital, a few big buy orders could easily reverse the impact of their selling-off attempts.

What they were simply banking on was a time lag.

Could it be that Lin Yun intended to make money this way?

They were speechless.

If Lin Yun intended to profit this way, then his thoughts were too simplistic!

Though shares of Tianyu Group had fallen by 4% to 5%, and they had made a considerable profit on paper, they were unable to buy stocks to return the loans. As long as the opponent raised the stock price, they would suffer losses unless they decided to hold onto the shares!

Thankfully, this was a stock and not a futures contract; they were out of chips to continue offloading stocks. The shares from their margin positions had been fully utilized by them. If the opponent were to invest a small amount of capital, they could easily disrupt all of their invested capital!

That would indeed be a severe loss of capital!

However, as they were thinking, a scenario that shocked them took place!

Unexpectedly, sell orders of ten thousand after ten thousand started to materialize from nowhere, swiftly offloading the shares!

One unit represented a hundred shares. Ten thousand units was equivalent to a million shares, reflecting the maximum number of shares that could be traded in a secondary market transaction!

Even when they were rapidly executing their short-selling strategy, they rarely took such huge bets!

Most importantly, it appeared that these stocks weren't from margin loans. Besides, it was logical to think that way since most of the shares of Tianyu Group held by large securities companies had been borrowed by them. Even if the opponent had borrowed shares from a securities company where they did not have an account, they wouldn't have this many.

With the appearance of these large sell-off orders, the price of Tianyu Group's shares fell rapidly.

The shares of Tianyu Group, which had just risen from a 5% drop to a 4% drop, plummeted back to a 5% fall within less than half a minute.

Within another minute, it fell by 6%!

Another minute later, it fell by 7%!

Yet another minute later, it fell by 8%!

"So, the boss had another trick up his sleeve!"

"Are the people selling the shares completely broke, desperate for cremation fees, selling so hastily..."

On the internet, many retail investors who were closely tracking the shares of Tianyu Group exclaimed in shock.

Those who held shares in Tianyu Group and hadn't sold them off early, and those who had bought the shares in the morning, were all looking incredibly upset, cursing the sellers and blaming the lackluster force supporting the bull market.

"There are no more stocks left for margin trading. Even if the bull market rebounds and the stocks rise later, now is not the right time to buy stocks. Otherwise, we will not be able to hedge with margin trading. The price of Tianyu Group's shares is very unstable now. We cannot predict the outcome today or the trends for tomorrow..."

Some stock market experts who hadn't made a move yet shook their heads.

According to Huaxia's stock market rules, stocks bought today could only be sold tomorrow.

If there was margin trading available, they could sell the same shares through margin trading after buying the shares and waiting for them to rise. It would be akin to selling the stocks they bought today, thereby securing the profits in advance.

But now, since there were no more stocks available for margin trading, they couldn't continue operating in this way.

...

Tianyu Group Headquarters.

"Accelerate the pace of buying! Don't allow these sell orders to push the stock price down!" Zhang Zhongguo said with a somewhat sullen expression.

Within a span of just three to four minutes, another ten million share sell-off order suddenly emerged, along with numerous small following sell-off orders, compelling them to use nearly two billion more funds to purchase shares. Zhang Zhongguo was furious.

The person who was attacking their Tianyu Group was fully prepared, first margin trading, and then large-scale selling. It didn't seem like they only wanted to bite Tianyu Group - they wanted to take two bites.

"Chairman, we're almost out of money..."

The lead trader said with a wry smile.

This was the third time he had made such a comment.

They were initially prepared with five hundred million for market stabilization, yet it was quickly used up. Zhang Zhongguo had just moved two hundred million, and now, they were almost out of that, too.

"You all..." Zhang Zhongguo felt stifled and didn't know what to say.

The cash on hand at Tianyu Group was not substantial. Five billion had already covered most of Tianyu Group's available cash.

As for the two billion, it took Chairman Zhang Zhongguo and the board of directors, emptying their pockets to gather that much.

He had initially considered that two hundred million would easily last them through the morning session.

Once the market closed, he could then go and raise more funds.

Who would have thought that within just three to four minutes, the two hundred million would be almost entirely gone?

"Not good, all the funds are gone!"

At this moment, the lead trader's face changed, and he quickly reported.