Chapter 133 A Waterfall Plummets Three Thousand Feet
"But Director! If we conduct a global recall, the resulting losses will be an unimaginable astronomical figure!"
The Chief Financial Officer's voice trembled.
"If this crisis is not handled properly, not only will Wo Wei factory collapse, but our Jiangjin Group will also be forever nailed to the pillar of shame!"
"Do you want to see that day come?!"
Qin Han's gaze suddenly sharpened, like a drawn sword sweeping across everyone present.
"..." Everyone remained silent.
Even the U.S. Department of Transportation has personally intervened, completely banning the Note 7. The seriousness of the situation is self-evident and far exceeds everyone's expectations.
"Furthermore, all recalled phones will be replaced with the latest model or a full refund will be provided to the users!"
Furthermore, we will immediately announce that we will thoroughly rethink our operations, completely overhauling everything from battery design to testing processes, and implementing the most stringent reforms to ensure that such an incident never happens again!
At this moment, Qin Han's voice gradually regained its usual decisiveness.
***
"Hanging by a thread"
These four words,
Today, all the employees of Fang Huan Investment's Special Trading Department had a truly unforgettable experience.
The feeling was as if a cold, sharp blade was pressed against their throats, the sharp tip even piercing their skin, oozing beads of bright red blood.
Just as the sharp blade was about to pierce his throat, and the judge of death was about to claim his soul—
"Sell! Sell! They've started a massive sell-off!"
A trader yelled at the top of his lungs, his voice cracking!
The previously aggressive and arrogant "short squeeze suicide squad" suddenly seemed to have seen a ghost and began frantically selling Jiangjin Group's stock regardless of cost!
Even those who stubbornly refused to budge even after the Note 7 battery explosion scandal broke out.
After Jiangjin Group announced an unprecedented large-scale global recall, it finally couldn't hold on any longer, its psychological defenses completely collapsed, and it joined the sell-off army, fleeing in panic like a stray dog!
They originally intended to suffocate the short sellers and devour them completely, but they discovered that if they continued to resist, they might suffocate to death first!
Fear spread like a plague, and everyone rushed to sell their holdings, afraid that if they were a step too slow, they would become the ones left holding the bag!
"Holy crap... I was so scared I almost peed my pants... I almost thought I was going to die here today!"
"We were more than scared to death! We almost kicked the bucket!"
If the stock price rises even just a tiny bit more, our margin will be completely wiped out, leading to forced liquidation and a total loss!
The traders were all slumped in their chairs, panting heavily.
It was a difference of only a fraction of a second!
If Jiangjin Group's life-saving recall notice had been just a fraction of a second later, they would have lost all their funds and wouldn't even have a pair of underwear left!
This feeling is a hundred times more thrilling than successfully defused a bomb 0.1 seconds before it explodes, as depicted in movies!
"Phew... My back is covered in cold sweat, like I just pulled myself out of the water."
"Me too! My heart is still pounding like a drum, like it's going to jump out of my throat, and I can barely breathe!"
After the initial euphoria of surviving the ordeal, a huge question began to linger in everyone's minds.
"But... could it be that President Su... knew about the Note 7 battery problem all along?"
"Is there even a question? It must be! Otherwise, why would he, with nothing better to do, dare to take such a thrilling, life-or-death gamble?"
"It was dangerous... but seeing those previously arrogant 'air-forcing suicide squad' running away in terror, crying and begging for their lives, was... damn, so satisfying! Hahahaha!"
"Yeah, those 'air-forcing suicide squad' members must have felt so frustrated!"
They probably never dreamed that we could turn a seemingly insurmountable situation around!
But the matter is not over yet, and the battle is far from over.
The key is knowing when to take profits, close out short positions, and turn paper profits into real gains.
Jiangjin Group has issued a recall notice.
The stock price plummeted, like a torrent bursting its banks.
However, in the following days, Su Hao remained as steady as a mountain, giving no new instructions and simply watching the market changes and observing the evolution of the situation.
" Jiangjin Group's stock price has plummeted, showing no signs of stabilizing at all. It's been falling sharply for several days in a row?"
"It is estimated that this downward trend will not be stopped in the short term, after all, such a big thing has happened."
" Jiangjin Group has made a statement, saying that they will make drastic changes and carry out a complete overhaul, starting from scratch with the entire production and quality control system. I don't know if that's true or not."
"President Su...still no word?"
"No, I guess... I want to wait and see how the market reacts in a few more days..."
Just as everyone was discussing this, the door to the director's office, which had been tightly closed, creaked open.
"Everyone."
"Ah! Yes! President Su!"
Su Hao's sudden voice startled everyone, causing them to instinctively sit up straight and turn their gazes to him.
"Close all short positions."
Now? Close the position?
The stock price is clearly still falling rapidly, and it looks like it can fall quite a bit more!
If we close our positions now, wouldn't we miss out on a huge profit?
However, despite their doubts, no one raised any objections.
Before Su Hao finished speaking, everyone had already returned to their workstations like the most precise machines, their fingers flying across the keyboards, rapidly closing out their short positions.
"Oh, right." Su Hao paused, then added, "After closing out the positions, reinvest all the funds back into Jiangjin Group."
"This time... should we wait for a rebound and then short again, Mr. Su?"
Someone asked instinctively, thinking they had misheard.
Everyone was taken aback upon hearing this, and then a look of understanding appeared on their faces.
As expected of President Su, this move is simply taking the "strike while the iron is hot" strategy to its extreme!
"No." Su Hao shook his head, a playful smile curving his lips. "This time… we'll go long."
"...ha???"
All the employees in the trading department were dumbfounded, looking at each other with huge question marks above their heads.
"This time... go long?"
What kind of god-like operation is this?
First slap someone, then offer them a sweet treat?
No, this is like beating someone to the point of near death first, and then feeding them a super-strength tonic!