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1269. Closing the Net

January 31, New York, New York, New York.

At nine o'clock in the morning, the stock market just opened, and the stock price of Northwest Mining fell straight to the ground like a free fall in the sky.

This situation has been going on for several days. In the past few days, everyone is extremely disappointed with this Northwest Mining Company from Canada.

Something happened to the exploration team members in China, and the company also sent an investigation team. However, five days have passed so far. In addition to confirming the news of the murder of several exploration team members, they have not even heard of any useful news.

Since the news of the murder of the unknown exploration team has been widely reported by major news media in North America, the company's stock has been thrown away everywhere.

However, the company's reaction was very slow. It neither chose the public relations company to help refute the rumors, nor did it come out to rescue the market by itself, but just watched the stocks of its own company dive.

Their actions have caused many economic experts to shatter their glasses, because their actions are undoubtedly a routine of self-destruction.

Not only are economists confused about their actions, but those investors are also extremely disappointed with their inaction. The stock market is full of voices selling their stocks, but no one is willing to sell them for sale.

In the first two days, some small and medium shareholders or institutions holding the company's shares came out to protect the market and wanted to ensure the price of the stock.

But after spending a lot of money into the stock market, they found that this was a bottomless pit, and the slow reaction of Northwest Mining was simply unimaginable. So they also stopped their actions.

In order to reduce their losses, some companies even began to reverse operations and began to sell their Northwest Mining stocks.

The actions of these small and medium-sized shareholders and institutions have caused panic among other investors, and they have all taken action to short Northwest Mining's stocks.

This wave of market in the resource sector not only hit Northwest Mining's stocks, but also affected the stock prices of other mining companies.

You should know that the most important thing in stock market investment is confidence. If a resource company has problems, even if it is just a little ant, it is likely to cause panic among shareholders of other companies. If it really causes a big avalanche due to such a small market, it will not be impossible.

At this time, many large companies chose to stand up to protect the market, and at the same time began to accuse Northwest Mining of inaction, which was obviously quite dissatisfied with their drag.

Just before the closing of the market last night, some very negative news came from Northwest Mining. It is said that because of the prospecting in China, many company executives and shareholders did not agree. However, they could not resist the company's real major shareholder, so they reluctantly agreed to this commercial risky behavior.

Now something happened, and there were voices of attacking the major shareholder everywhere in the company. Many small shareholders have even begun to transfer the company's shares in their hands, and some middle and senior executives of some companies have begun to submit resignation letters.

Northwest Mining is now at the forefront. Now news of civil strife broke out within the company. Investors who were originally waiting and watching can no longer hold on.

So when the market opened this morning, the stock price of Northwest Mining plummeted.

In a three-story building in Greenwich Village, Lower Manhattan, not far from the New York Stock Exchange, Kevin and David were sitting in their offices, looking at the TV wall opposite, which always showed the stock prices of major mining companies in recent times.

In the operating room below, more than a hundred traders have gathered, waiting for their instructions at any time to start attacking Northwest Mining.

"Kevin, the stock price of Northwest Mining has been falling for five consecutive days. The price of opening as soon as possible is $8 per share. However, according to the current market, it can fall below $5 before noon today. It is estimated that it will break $3 by 2:00 in the afternoon. Do you think we should take action?"

David asked Kevin, who was sitting on the other side, as he looked at the real-time data scrolling on the opposite TV wall.

Kevin's cold blue eyes were also staring at the data on the TV wall. He did not rush to answer David's questions, but his mind was running rapidly, judging the current situation.

It took a while before he said to David.

"Let the people below quietly withdraw our investments in other companies. Alcoa and Bethlehem have already started to protect the market. It is no point to continue. This time, earning 10 million in three days is enough. Before 2:30 pm, I will see all the funds arrive. Starting at 3:00, I will take action on Northwest Mining on time. Before the closing of the market tonight, we will shock everyone."

After Kevin thought about it, he felt that it was almost time to close the net, so he decided not to wait.

David also breathed a sigh of relief. He had never had the ability to keep Kevin in a calm manner. Now the stock price of Northwest Mining is like taking laxatives, falling all the way.

If they don't take action, they may even fall below one dollar before the closing of the market tonight. In that case, the company's stock will really become junk stocks.

The New York Stock Exchange may suspend the company at any time. If the shares are suspended, it will be troublesome, which will affect their series of successor plans.

Although Northwest Mining was suspended, they could go to the company to negotiate the acquisition directly before filing bankruptcy, which would be more cost-effective.

But they can't wait for time. You have to know that in Canada, Sinclair is waiting for them to acquire it.

They had previously agreed with the Canadian Minister of Energy that after taking over Sinclair, they would provide the minister's campaign funds with a seven-digit sponsorship, and would use all their resources to help the minister participate in the election.

I missed this opportunity, but I don’t know when I will wait next time.

Moreover, after taking over Northwest Mining, they will use Northwest Mining to merge with Sinclade. At that time, Northwest Mining will only rise in its stock price, which will be enough for them to recover their costs and make a lot of money.

Such calculations should be done by the Rothschild family if they don’t spend a penny to cash out two high-quality companies.

With such achievements, who would dare to underestimate Kevin and himself at this year's family annual meeting?

............

It was soon the lunch break. Before the market was closed, Kevin and David's traders had basically recovered this period, and they invested about 60% of the funds they invested in other companies.

There are still about 40% of the funds, but they are not in a hurry. All of this money should be collected before 2 pm.

At noon, Kevin and David left the office and headed straight to Central Park. Where can there be the best French restaurant in New York? Of course, people like them will not treat themselves unfairly.

Even if there is a meal that costs hundreds of dollars, for people like them, that little money is not as important as a single nose hair of theirs.

After eating and drinking, the two returned to the workshop. At 1:00 pm, the New York Stock Exchange started the second half mode on time.

The two sat in the office and savored coffee and discussed the plans for the future. As for the specific trading in the afternoon, they didn't have to do it. After all, big names like them could not do everything themselves, otherwise what would the stockbrokers hired from Harvard have to eat.

Just as the two were talking about the future, the door of the office was suddenly pushed open from outside, and a middle-aged man with a beard broke in.

Kevin frowned, obviously very dissatisfied with the man's rudeness, but he did not make any attack. This man was the head of the trader under his command, Jack Schneider, who was responsible for this operation.

"Kevin, no, someone will take action first?"

Before Kevin could get angry, he heard Jack's words and jumped up from the chair.

He and David just talked about what happened after they took over Northwest Mining, and did not pay much attention to the situation in the New York Stock Exchange. According to their estimates, there should be no problems.

At this time, he and David both stood up and turned their heads to pay attention to the large screen on the wall.

The stock price of Northwest Mining on the big screen fell all the way after the opening of the market in the afternoon and soon fell to about 100% and 30 yuan. However, several consecutive large orders were swept away the stock of Northwest Mining, which had been on the market for several days but no one was interested in it, and the entire market was shocked.

Many venue traders had to stop their movements, and after only a few seconds, they realized that there should be a big troupe entering the market.

Merrill Lynch's people offered three-man three million orders in a row to price one yuan and five cents. The other party didn't care at all and ate them all in one bite, which made everyone see the other party's ambitions.

So I had been worried about not being able to get out of the goods in my hands these days, but in the end, as Northwest Mining was delisted by the New York Stock Exchange, the small and medium-sized institutions and retail investors whose stocks were rotten in their hands were like crazy and threw out the stocks in their hands.

But the other party actually refused to accept the price of the visitor. The stock price of Northwest Mining soon rose from the lowest level of 100 yuan, and in just over ten minutes, it had already risen to the level of 40 cents.

This surprised Kevin, David, and Jack. Who is the origin of this guy who came out of the slant?
Chapter completed!
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