Babel Novel
Making 24
Making 24
Roger wanted to know what his son would do
An unknown consortium shorted the stocks of the Realm Group this time. And the rising share price would bring them disaster.
It would also cause irreparable damage to the Realm Group.
Marco nodded and said, “Yes, I’m gonna take a risk. We have to seize the opportunity. If we can sell the stocks at the highest price, we will win a landslide victory.”
As the chairman of the Realm Group, Roger understood his son’s strategy as soon as he heard it.
“You mean that we can also make large purchases of our company’s stocks tomorrow. When the share price rises to the peak, we sell our shares before our enemies and make them lose their shirts in the deal.”
Marco said, “Yes, as long as they fail to bet against the Realm Group, we will have a chance to survive the crisis. If so, even if our shares fall sharply, we still have a large amount of capital to buy up the company’s shares at a low price, and then we will be able to have the price of shares raise and maintain the stability of it.”
“Well, it seems that we have an inevitable battle with our enemies. However, the question is that we need a huge amount of cash to make a large purchase of our company’s stock at such a high price.” Roger said with a serious expression.
“Dad, why not use the one–odd billion dollars stored up to invest in stocks?” Marco resolutely suggested.
Roger said with a frown, “The reserve fund is prepared for the crises. If we invest it in the stock market, no one can be sure of the consequence when our company is in a critical situation.”
“Dad, if we don’t take any action to deal with the short–sellers, our ends will be near. It will be hard for us to seek international financing support and even has an impact on our company’s management in the future.” Marco tried his best to persuade him.
Roger finally decided to adopt his son’s suggestion after much deliberation.
After all, if their company’s stock was shorted, the consequences might be catastrophic. He would rather brave it than always be the prey.
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“Okay. I will give the reserve fund to you and let you invest in the stock market personally.” Roger had made up his mind.
Marco assured his father with confidence, “Dad, don’t worry! Those short–sellers will pay for what they’ve done!”
Roger nodded. “Well, I have faith in you.”
The reason why he dared to give the reserve fund to his son and let him take the gamble
was because he knew that his son was a person who would quickly take action once he grasped an opportunity. His son won’t give up until his enemy was destroyed.
Furthermore, Marco had extensive experience in investing in equities, and he had earned a lot of profits every time.
Therefore, Roger had great confidence in his son.
Gilmore slept all night until ten o’clock in the morning. He didn’t go to school because today was crucial to the bet between David and him.
He was waiting to sell all the stocks of the Realm Group he owned at 2:00 p.m., the most critical moment.
Rubbing his eyes sleepily, Gilmore walked into the bathroom to wash up…
At the same time, in an office in the Realm Group headquarters building, more than a dozen traders were expertly and quickly typing on the keyboard. The tapping sound echoed in the whole office.
There was a tense, nervous atmosphere hanging over the office with the battle approaching.
Marco, who was in a business suit, was like a grim president and sat behind a broad desk. He looked like a commander who ruled his army on the front line.
“Mr. Chapman, we have spent all the reserves buying our company’s shares!”
“Mr. Chapman, the share price has risen by 50% in the past hour!”
“Mr. Chapman…”
The staff in the office kept reporting the latest news to Marco. Moment after moment passed:
Cheers 24
Meanwhile, the staff reported that the share price was continuously rising.
“Mr. Chapman, our share price has risen by 100% at the moment!”
“Mr. Chapman, it increased by 200%!”
“Mr. Chapman, it increased by 300%!*
Finally, it was two o’clock in the afternoon.
“Mr. Chapman, the share price has risen by 400%!”
“Mr. Chapman, should we sell the shares now?”
Marco stood up from the big heavy chair and began pacing in the office with a solemn expression on his face.
It was a hard choice for him to sell the shares at this time.
The share price of the Realm Group had risen by 400% today, plus the increase yesterday, it had risen by 800% in total.
But no one knew if it was at its highest price.
If he sold the shares too early, he wouldn’t be able to beat the consortium behind it.
But if Marco sold the shares too late, he would also suffer huge losses.
Marco stared at the computer screen which showed that the share index of the Realm Group was still rising.
He gave an order with a ferocious stare in his eyes, “I won’t sell the shares until the price increases by 900%!”
“Yes, Mr. Chapman!” All the traders said.
However, just as Marco and the consortium were probing mutually and waiting for an opportunity to give a fatal blow to each other, someone sold 50 million shares of the Realm Group in the dealing suddenly.
“Mr. Chapman, someone sold 50 million shares, and the transaction amount is 320 million dollars!”
“Mr. Chapman, the share price has fallen by 0.5%!”
“Mr. Chapman, another 10 million shares were sold…”
Marco made a prompt decision and immediately ordered after hearing this, “Sell all th
shares!”
Meanwhile, the staff saw on the computer screen that a large number of shares of the Realm Group had been sold. The price had dropped 0.5%, and then quickly dropped 10%, 20%, 30%, 100%…
It was the 50 million shares sold at first that caused the Realm Group to shudder. It brought destruction to the Realm Group.
That’s right, the 50 million shares that caused huge volatility to the Realm Group were the shares that Gilmore had sold.
Looking at the amount, 320 million dollars, in his account, Gilmore smiled with satisfaction.
In addition to the cost of 40 million dollars, his debut in the stock market made him earn 280 million dollars.
That’s great!
Looking at the screen of the computer which showed that the share price of the Realm Group had fallen by about 200% and still kept falling…
Gilmore rejoiced in his decisive choice and thought, “Fortunately I sold the shares early, otherwise, I would suffer a heavy loss.”
In the office of the Realm Group, Marco suddenly fell heavily on a big chair, as if he had been drained. C0ntent © 2024 (N/ô)velDrama.Org.
**
His face was pallid and his eyes looked dull, almost vacuous as if he had lost his mind.
“Mr. Chapman, the share price has fallen by more than 300%!”
“Mr. Chapman, we still have 800 million dollars worth of shares that couldn’t be sold. We are unable to make the deal.
“Mr. Chapman…”
Hearing the bad news that was continually reported by the staff, Marco tightly gripped the armrests with a frown.
“I’m screwing it up.” He thought.
He met his Waterloo this time!
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If he sold the shares when the price rose by 800% instead of waiting for the price to rise by 900%, he wouldn’t be in such a desperate circumstance,
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