Chapter 38: The Strange Stock Market
Charles casually placed a 100,000 dollar order, and instantly pulled the stock up a little bit. He then began to study other stocks.
At this time, the students in the group chat were also discussing in a very lively manner.
In particular, the students who had bought GameStop with Charles were all very excited. One by one, they had made at least 15% of the earnings with Charles.
GameStop’s stock was still in the mall. Obviously, it was going to rise by the limit again!
Linda and Bill, saying how much more money they had added today, were even more proud.
Among the group members, Charles also kept bragging about it. Only Reeves, saying that it definitely wouldn’t rise by the limit today, was talking about this and that.
“Everyone, be careful recently. According to my many years of experience in stock trading, this is definitely a sign that the bankers are running away!”
“This is deliberately raising the volume of the stock!”
Reeves’ analysis was logical.
“Everyone, take a look at the stock’s curve. There are very few large-scale purchases. Most of them are by retail investors. Moreover, the activity and turnover rate are too high. I reckon that the dealer is wiping Europe.”
When he said this, Linda was instantly unhappy.
“Reeves, who are you trying to scare? Charles said that this stock will definitely rise. Now is the best time!”
Reeves immediately said, “Aren’t retail investors all fools? Once the tide changes, they will run faster than anyone else. In the end, only the retail investors will suffer.”
“I am sure that this is the dealer selling separately.”
“At most half an hour, the stock price will definitely fall drastically! Then, the dealer will buy in large amounts and pull up the stock price to attract retail investors.”
Before Reeves could finish his words, a super large order of more than 100,000 dollars was suddenly listed on the sell list.
However, half of it was swept away in an instant.
Following that, another sell list of 10,000 dollars appeared.
Following that, it was swept away again.
The sell list of millions of shares instantly made the share price of the GameStop unable to rise.
The originally upward curve suddenly had a precipitous plunge, from 5 people points to 2 points.
Those retail investors who saw this stock were also beaten to a point where they couldn’t find their way.
They were stunned!
Because GameStop’ stock had already reached two trading limits, that made most of the students who were trading in stocks unable to restrain themselves from buying this stock. Now, in the blink of an eye, it seemed that they had lost out. Those students who had bought at a high price point immediately exploded into a frenzy.
“F * ck! What’s going on? Could it be that there’s another scandal with GameStop? Their capital has been used up? Why did the stock price fall in an instant?!”
“F * ck! F * ck! F * ck! It had already fallen by five points!”
“… It had already fallen by three points!”
“This time it’s bad! I borrowed all my funds!”
“Didn’t Charles say that this stock would still rise? It’s over. I feel like there’s no hope in life!”
“That’s right. Charles ruined me this time!”
“If I had known earlier, I wouldn’t have listened to him.”
The group was filled with laments!
The stock price was still falling. In that instant, it went from rising by five points to falling by five points.
It was a full point of the precipice!
It was scary enough!
Reeves was indeed shocked. Something wasn’t right!
If the bankers were running away, they would not be doing such a big thing. Instead, they would be selling separately.
This looked more like whipsaw!
However, he had just said that the stock price would plunge. This was the current situation, so Reeves couldn’t change his words. Instead, he said it leisurely.
“See! I said that it would definitely fall!”
“There were people who didn’t believe it before, but now they believe it! My eyes are still very accurate when it comes to stocks.”
At this moment, the members of the group came out to speak.
“Little Buffett, what should we do now?!”
Reeves immediately said, “Cut your losses in time! From the looks of it, there are at least three trading limits left!”
Hearing the mention of trading limits, the other members of the group couldn’t help but suck in a breath of cold air.
However, there were also other members who often traded stocks.
They more or less had some professional knowledge.
Seeing Reeves say so, Bill couldn’t help but ask, “Reeves, it looks like it’s whipsaw. It doesn’t look like they are running away!”
Reeves chuckled.
“No way. No one would think that this is just a superficial phenomenon. The dealer is taking advantage of the high activity level to completely clear out their positions.”
Linda also sent a few aggrieved emojis.
“What about Charles? Should I sell? Charles, save me!”
“Hehe, now that the stock price has fallen sharply, how can Charles show himself? He might be busy liquidating his position!”
“Hehe, Linda, I still advise you to cut your losses early.”
“Stocks! Not everyone can play with them. We are just a few retail investors. We can only follow behind the bankers and reap some small profits. The winners will be the bankers in the end!”
“Sell the stocks now and treat me to dinner tonight. I will introduce two stocks to you in private. You will definitely make a lot of money.”
Linda was a little unhappy. “I believe in Charles. Since we haven’t lost anything yet, let’s keep it for now and wait for news from Charles.”
Bill was the same. He added, “I also feel that this stock has fallen wrongly. Let’s keep it for now. I don’t believe it. Even if we lose something, we will accept it!”
The others listened to Reeves’ words.
One after another, they cleared their stock positions in GameStop as quickly as possible.
Then, not long after.
It was just as Reeves had said. The price had dropped by the limit!
At this moment, Charles received a private message from Linda.
Seeing that Linda had said that the stock price of the GameStop had dropped by the limit, Charles wasn’t too shocked.
Immediately after, Charles opened the chat group and saw that the classmates were all howling.
“What’s wrong?”