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Extraordinary Genius - Chapter 712

Published at 23rd of October 2019 04:40:07 AM


Chapter 712

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It was night time in Tokyo and Hong Kong, and it was morning in the US. The US stock market opens for trading.

Yesterday, after the electronics companies’ shares plunged, they rise slightly before the market close. But when the market opens today, the share prices continued to drop. It was hard to control panic selling.

The US investors, who had bought the shares of these companies, also started to dump their shares. But they were too late yesterday and did not manage to sell off their shares before the market closes. So, when the market opens today, they started to dump the shares. They wanted to stop as much losses as possible. But if they had bought these shares two weeks ago, then they will not suffer losses.

The companies were trying their best to stabilize their shares and start to pump a large amount of fund to push up their share prices. Some speculators and individual investors also enter the market. They wanted to buy in these shares at low prices and hope to make a killing. Even Japan’s Government also participates in helping pull up those share prices. But at this time, those chemical companies’ shares also start to plunge.

It was precisely the same as yesterday. A large volume of shares was dumped, and there were no warning signs.

At first, many people were celebrating. These companies’ shares have potential, and many had been waiting for the opportunity to own them. Now, a large volume of shares was available in the market, and all of them rushed to buy them.

But they soon realize that these share prices start to plunge. It was even faster than yesterday. Everyone was confused by this phenomenon.

Even Warren Buffet was confused. Why so many people were dumping these companies’ shares? Was this related to those electronic companies’ shares yesterday?

After some investigations, he found out that the ones dumping those shares were all from Hong Kong and Macau. These were the same people as yesterday?

To claim these people had manipulated the market, it was not possible. The share prices of these companies had raised was because of the companies’ shareholders. This group of people had only bought the shares and then did nothing!

Warren Buffett frowned. These people knew that the shares of these companies will rise and then bought the share together? But why did they dump the shares all at once? Shouldn’t they dump their shares bit by bit? That should be the right way, and the share prices can still be stabilized, and they would make more profits.

Their profits will be lesser when they dumped a large volume of shares at once. Unless they did this on purpose. But what’s in it for them? Were they going to buy back those shares? But that will be flagged as manipulating the market!

But Warren Buffett did not know that it was not because these people wanted the share prices to plummet. It was because these people do not understand the market well. They just wanted to cash out quickly. Anyway, they had made enough. As long as the shares were sold, they would make profits.


Although their brokers had told them this was not the right way, these people did not listen to them. They only know that whoever that dumped their shares first would make the most profits!

When Feng Yu heard of the situation, he was also speechless. He still had to lead these people to fight against foreign speculators in another 2 years. If these people ran away at crucial moments, then he and the Fu Family will be trapped in the market.

Feng Yu did not hear any stories about these people being shortsighted in his previous life. Was it because the Chinese Government injected a large amount into the market?

Fu Rongqi knew that it was impossible to control these people, and this was why he told Feng Yu to dump his shares as fast as possible. But he did not expect those people to be faster than them.

Those people made more than the Fu Family and Feng Yu. But Feng Yu couldn’t care less. This might increase the trust of these people, and they might follow instructions in the future.

All of them had helped to raise the prices of those shares. If it weren’t for them participating in this operation, those shares prices would have dropped even further.

But this was also a good thing. Those Japanese companies will suffer another blow. This was also what Feng Yu wanted. The previous crash had caused heavy losses to those companies and affected the whole Japanese economy.

The same thing happened again, and Japan’s economy suffered another blow. Although this was not as severe as a few years back, some companies will inevitably be bankrupted. Maybe it might trigger a round of suicides.

There was statics that shows the Japanese had the highest suicide rates, and the numbers were increasing yearly.

Those companies will be using most of their funds to stabilize their shares and will not have extra funds for their R&D. This was good for Wind and Rain Electronics developments.

Just from this alone, Feng Yu did not suffer any losses. The returns from being more advanced in the consumer electronics industry were high.

When the market close, those chemical companies’ shares had plunged a lot, and it attracted the regulatory bodies in the US. After some investigations, they realized that this was a joint operation.

But what they were doing was not manipulating those shares. Those few who dumped their shares first were selling their shares for the sake of selling them. They were not trying to maximize their profits.

But why were these investors doing this? There were no issues with those companies.

The US authorities soon found out that these investors were all from Hong Kong and Macau. Could it be that those tycoons cooperated? Hong Kong had the highest proportions of Tycoons in the whole world.

A few days later, Feng Yu and the Fu Family sold the remaining shares of those companies. Fu Rongqi then invested his money back into the Forex market, and Feng Yu continues with his acquisition of Microsoft and other technology companies’ shares.

Feng Yu’s thumb of rule now was, if there is nothing to buy, then just buy Microsoft. Anyway, Microsoft will be flying high these few years. He could make money even with his eyes close.

……

The Japanese companies’ shares dropped more than 20%. At least the decline of their shares had stopped, and they were relieved. Warren Buffett did not dump his shares. He was used to long term investing, and he knew these shares will ultimately rise again.

Many investors saw Warren Buffett holding on to the shares of those companies and regained confidence. They also stop selling their shares. Some even make use of the opportunity to buy in more shares.

It was these people that helped Feng Yu and the rest exit the market. Feng Yu did not even need to do anything. They should really thank Warren Buffett.

Those Japanese companies should also thank Warren Buffett. If he did not hold on to their shares and helped regained the investors’ confidence, the shares would drop further!

The Fu Family made the most profit in this investment, followed by Feng Yu. But if they were to calculate based on individuals, Feng Yu had earned the most. Many tycoons thought they had made high returns. But compared to Feng Yu, they were dar behind/

Kirilenko, who was in Moscow called Feng Yu to thank him. He had also invested a considerable amount in this operation and made a killing…




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