Chapter 132 exploded!
"Mr. Su, all orders have been placed!" a trader shouted.
However, the transaction was completed much faster than Su Hao had expected.
The sell orders he placed to short the stock were almost instantly devoured by a pack of hungry wolves of buy orders, without even making a ripple.
"It seems the rumors outside are true... those 'air-forcing suicide squads' are all sharpening their knives, just waiting to devour people!..."
"What should we do, President Su? It's probably too late to back out now, isn't it?"
A gloomy atmosphere hung over the office.
Those overseas "short squeeze funds" charged into the domestic stock market like heavily armored cavalry from the Middle Ages, kicking up clouds of dust and creating a fierce spectacle.
Their only goal is to crush and grind the "prey" that is shorting the market into dust in one fell swoop!
In the past, whenever a large short position was exposed, this "death legion" would swarm in like vultures smelling carrion.
Now, they have made all the sell orders on the Jiangjin Group stock trading screen their latest target!
As the storm descended, the iron hooves thundered, and the overwhelming buying pressure crashed down, utterly devastating!
"..."
Even someone like Su Hao, who has weathered many storms, couldn't help but feel a sudden jolt in his heart.
He took a deep breath and forced himself to calm down.
I had only heard of the dangers of "short squeezes" in legends before, but I never imagined that one day I would become the target of the hunt!
Perhaps... from the moment he decided to establish such a large short position, he should have been prepared for the backlash.
"President Su..."
In the trading room, everyone's eyes were focused on Su Hao, their eyes filled with anxiety and unease.
They all knew that in their current passive and defensive situation, if the stock price continued to rise like this, they would soon be forced to liquidate their positions due to insufficient margin.
At that time, all the funds will vanish, and everyone will lose everything!
Could it be... that things have really gone awry this time?
Did President Su make a mistake in his judgment?
Su Hao silently placed his hand gently on the stock chart of Jiangjin Group, and extended his finger to lightly tap the air.
"..."
His fingertips, or rather his intuition, still didn't sense anything unusual.
This means that his judgment was correct!
"wait."
He uttered a single word, his voice soft, yet carrying an undeniable firmness and resolve.
"Grit your teeth and hold on to the bitter end!"
***
Meanwhile, across the ocean, and around the world.
Russia, Malaysia, the Netherlands... and other countries.
The Note 7 was so popular that it could only be described as a "phenomenon," triggering a buying frenzy around the world and even causing a severe shortage at one point.
This can be seen from the continuously soaring stock price of Jiangjin Group.
Of course, this also includes domestic and foreign "short squeeze funds" maliciously driving up stock prices in order to force short sellers to their deaths.
'Almost... those guys' "death warrants" should be arriving by now, right?' Su Hao stroked his chin, silently calculating in his mind.
According to the script, their short position margin was already hanging by a thread.
Unless there's a dramatic turnaround, and the stock price rises even slightly, they'll be forced out of the market immediately!
However, this reversal turned out to be a shocking revelation that even he hadn't anticipated!
Breaking news! A Note 7 phone exploded on a plane!!!
Inside the trading room, a trader who kept a close eye on international developments exclaimed loudly, his voice trembling with excitement!
"Fortunately, the explosion and fire occurred before the plane took off, and there are currently no reports of casualties!"
Cases of Note 7 phones catching fire or even exploding due to their built-in batteries have sprung up one after another around the world!
At first, Jiangjin Group thought it was a malicious smear campaign by competitors, an isolated incident "manufactured" with ulterior motives, and remained stubbornly defiant.
However, as similar incidents increased, Jiangjin Group initially launched a "free replacement" campaign in an attempt to quell the situation.
Even so, it did not prevent the situation from deteriorating further.
Finally, a major event that could shake the world inevitably broke out!
"Is the news true? The US and Europe have completely banned Note 7 phones on all flights?"
"Absolutely true! And the problem isn't limited to the airport!"
The U.S. Department of Transportation has just issued an emergency notice, preparing to completely ban the use of Note 7 phones in all public places…
***
"Bang--!"
At the Jiangjin Group headquarters, Director Qin Han slammed his hand hard on the conference table, the hard and expensive mahogany surface emitting a dull thud as it succumbed to the weight.
The room was filled with senior executives who were trembling with fear, each with their heads bowed and eyes lowered, not daring to breathe loudly. The entire space was eerily silent.
Qin Han was breathing heavily, his chest heaving like a broken bellows. After a long while, he managed to suppress the raging fire in his heart, his voice hoarse as if sandpaper had been rubbed against it:
"Has the problem been thoroughly investigated?!"
Last time, when the first explosion happened, didn't you confidently say that it was a minor issue, just a low-probability event?!
His voice, almost squeezed out from between his teeth, carried a chilling coldness.
"At the time...it was indeed difficult to pinpoint the root cause of the problem immediately..."
The CEO of Wo Wei factory had beads of sweat on his forehead, and his voice trembled as he stammered his explanation.
"After repeated testing, we found that some batches of battery cells had missing insulating tape."
Furthermore, the separator was damaged, the electrodes were bent, and the safety clearance between components was insufficient... ultimately leading to thermal runaway.
"Can this be resolved through after-sales service?" Qin Han's gaze was like a knife slicing across his face.
The factory manager swallowed hard; sweat had soaked the back of his shirt, and his face looked worse than if he were crying.
"I'm afraid... that won't work. This batch of batteries... has a fundamental design flaw, and we can only... we have to reproduce them all."
The air in the conference room instantly dropped to freezing point, and a bone-chilling cold permeated the air.
Normally, given Qin Han's fiery temper, he would have slammed his fist on the table, started cursing, and overturned the conference table!
But at this moment, he didn't even have the strength to get angry. He felt as if all his energy had been drained away, and he only felt dizzy.
"..."
A deathly silence lasted for an unknown period of time.
"All...recall".
Qin Han finally spoke, his voice eerily calm.
"Huh? A recall? Director, you mean..."
A global recall of all Note 7 phones already sold?
A senior executive gasped in disbelief, his face contorted in shock.
"Yes, recall them all, leave none behind."
Qin Han gave the order decisively!