Chapter 129 A Bunch of Clowns
To Qin Han's delight, the Note 7 phone, his first major investment project after taking over as Director, unexpectedly unleashed such amazing market potential, with sales exploding!
It's like God is on his side!
If the Note 7's unstoppable sales momentum can be maintained, the company's stock price will successfully break through to a new all-time high...
At that point, who in the entire Jiangjin Group, or even the entire business world, would dare to question Qin Han's leadership and business acumen?!
He wants to shut everyone up!
He, Qin Han, will become the undisputed and supreme new king of Jiangjin Group!
Just as Qin Han was immersed in his wonderful vision of the future, a slightly untimely voice abruptly interrupted his dream.
" Director, there's something I feel I need to report to you privately."
After the lively Senior Executive strategy meeting just concluded, Wang Ming, the investment director of Jiangjin Group, did not leave immediately like the others.
Instead, he stayed behind alone, his face showing an undisguised solemnity and unease.
"Oh? What's the matter? Why are you being so mysterious?"
"That's right, Director."
Wang Ming carefully crafted his words, a fine layer of cold sweat even forming on his forehead.
"Recently...recently, a not-so-good rumor has been quietly circulating in the financial circles."
I felt it was necessary to inform you as soon as possible, so that you were aware of the situation.
"The wind?" Qin Han frowned slightly. "Tell me about it."
"It's...it's about our Jiangjin Group." Wang Ming lowered his voice considerably, as if afraid of being overheard.
"There are reliable sources saying... someone... has placed... a very large short order... on our Jiangjin Group stock!"
Short selling?
Qin Han's face instantly darkened.
At this critical juncture when everyone is optimistic about Jiangjin Group, and positive news about the Wei Note 7 phone is flying around like snowflakes, causing the company's stock price to soar like a rocket!
Someone actually dared to go against the trend and short Jiangjin Group on a large scale?
This is undoubtedly a blatant challenge to Qin Han's supreme authority as the new head of Jiangjin Group, and a naked questioning of Jiangjin Group's bright future!
What powerful, unknown enemy force is lurking behind this, secretly coveting and plotting something sinister?
Or is it simply that some blind fool wants to give his newly appointed Director a hard time?
"The market reviews and initial sales figures for the Note 7 were absolutely fantastic, weren't they?"
Qin Han asked in a cold voice.
"Under these circumstances, who would dare to place such a heavy bet and short sell so aggressively?"
Are they blind to the overwhelming positive news, or deaf to the unanimous bullish sentiment in the market?
" Director, it's absolutely true." Wang Ming wiped the cold sweat from his forehead.
"We are not yet able to pinpoint exactly when the short order was placed."
However, based on the daily securities lending data released by the exchange and the abnormal trading monitoring reported by some of our partner securities firms, this large batch of short positions must have been established in just the last few days.
We have noticed that in recent days, there has been a sudden and extremely unusual, almost explosive, increase in both the volume and balance of short selling against our Jiangjin Group!
"Is the target company Jiangjin Group's stock?"
"Yes! Director!"
We conducted repeated cross-comparisons and in-depth data analysis of the publicly released data from the exchange and the sell orders we obtained through various channels.
The conclusion is crystal clear: they're targeting our Jiangjin Group! There's absolutely no mistake about it!
Short selling is typically conducted through multiple accounts to mitigate risk and conceal intentions.
Moreover, stocks like Jiangjin Group, with their massive market capitalization and high proportion of institutional investor ownership, naturally have astonishing daily trading volumes.
It is extremely difficult to accurately distinguish in the first instance whether a seemingly normal large sell order is a simple profit-taking behavior or a strategic short-selling with strong malicious intent.
To fully uncover the truth beneath the surface, it is necessary to meticulously compare and professionally verify the daily complex trading data with the official and authoritative securities lending data released by the exchange.
"Who did this? Can we find out who the mastermind is?"
"This... Director, it's probably still quite difficult for now."
Judging from the other party's methods this time, they were very professional and discreet.
To follow the clues and completely expose the mastermind behind it all would likely require a considerable amount of time and effort, and the success rate is not guaranteed.
"I remember that not long ago, the financial regulators repeatedly emphasized the need to crack down on 'malicious short selling' and maintain market stability, didn't they?"
How can anyone still dare to commit crimes against the law?
" Director, the regulators do maintain a high-pressure stance against market manipulation, but the normal short-selling mechanism itself is compliant."
As long as their operations are within the framework of the rules, such as through compliant channels for securities lending, and without using undisclosed information or spreading rumors, it is difficult for regulators to immediately define them as 'malicious'.
Moreover, if the other party is determined to conceal their activities, they can easily employ a variety of sophisticated methods, such as domestic and international structured products and cross-border equity swaps, making it extremely difficult to trace the ultimate beneficiary.
Upon hearing this, Qin Han let out a short, disdainful snort.
Which blind bastard dares to mess with us?
How dare they try to undermine him at this crucial moment when he's preparing to throw a big celebration banquet?
This is outrageous! Absolutely outrageous!
To be honest, although Qin Han was very unhappy, he didn't take it seriously at all.
"What's the panic? They're just a bunch of clowns, let them be! What can they possibly do?"
Although Qin Han started his business with his family's assets, he was not a complete novice when it came to the ins and outs of the financial market.
He knew very well that in a super bull market where stock prices were rising unilaterally and wildly, choosing to go against the trend and short sell like a mantis trying to stop a chariot was tantamount to digging his own grave and courting death.
Once the stock price continues to rise and breaks through a key technical level, those stubborn short sellers may even be forced to liquidate their positions due to insufficient margin, commonly known as "margin call"!