Super Spender-Chapter 340 - 334: Turbulent Wind and Clouds

Chapter 340: Chapter 334: Turbulent Wind and Clouds

Translator: 549690339

Shares in a huge number of companies fell almost universally, it was mainly the spontaneous reactions of ordinary investors. This was because they didn’t understand who was shorting and such, they only knew that the futures and foreign exchange markets were experiencing dramatic fluctuations, and share indices had started to fall. This indicated that potentially a large-scale stock market drop was imminent, so to minimize their losses, these regular people immediately started selling some of their stocks.

At this point, however, the number of sellers will definitely outweigh the buyers. Consequently, the total market size of the entire stock market was decreasing! At this time, Olivia Thatcher once again sold, only this time she didn’t have to put in much effort. She started acquiring stocks of Nasperslimited company directly at prices slightly lower than the market’s, and after absorbing, she immediately sold at price even lower than her purchasing cost.

To put it bluntly, what Finn Lewis was doing now was buying high and selling low. When buying, he would buy below the market price, so Finn’s actions were literally losing money to push Nasperslimited company’s stock downwards. Under such operations, large numbers of retail investors quickly started selling their shares. The shares these retail investors sold made Finn absorb them at higher rates.

The more Finn absorbed, the more he sold! However, only a small part of it was kept after absorption. Under these circumstances, although most of Finn’s operations just meant moving money from one hand to another, the issue was transaction taxes and trading fees existed.

However, these trading fees and transaction taxes were insignificant now. “Is it time for us to step in?” Although Lawrence Rodger and Oscar Blair did not belong to the same bank, they still kept in touch. After all, they held loans of tens of billions of federal coins leased from Finn Lewis to acquire the Nasperslimited company.

And now… the stock price of Nasperslimited company had fallen to a very low number, almost half of the original, and it was still falling. The initial market value of the Nasperslimited company was roughly 600 billion Federal coins. Even though MIH was a wholly-owned subsidiary of Nasperslimited, MIH held 33.63% of the shares in T company.

And these 33.63% were worth about 560 billion Federal coins. Nonetheless, the market value of Nasperslimited itself was only that much. After all, this was your own market value, and you own T company’s shares, though T company’s market value was high, it didn’t help much to your own market value. Now, Nasperslimited’s market value has already fallen to about 300 billion Federal coins.

Of course, a fall in stock prices does not mean that the actual assets of the company have decreased. It’s just that Nasperslimited still has futures worth 200 billion Federal coins. Once this 200 billion Federal coins is lost, Nasperslimited will be close to bankruptcy.

The stock market value of Nasperslimited was falling but the gold futures and foreign exchange market experienced a short stagnation. At this time, Great Alliance Nation report, Sun Newspaper, and other newspapers, suddenly broke the news that Nasperslimited Company, due to its investment in gold futures, had been caught in the futures market with close to 200 billion Federal coins futures and was about to face the risk of being forced to close!

Once this news broke out, the stocks of Nasperslimited on the whole stock market did not even need Finn Lewis to operate. Nearly all retail investors began selling Nasperslimited’s stocks. After losing 200 billion Federal coins, where did this loss come from? Could it only be earned back from the stock market?

Seeing reports from The Times begin to appear, Finn Lewis directly made a call to Lawrence Rodger and Oscar Blair: “Keep an eye on the Pearl Island City stock market, if T company’s stocks start to fall, immediately start absorbing.”

After one sentence, Finn Lewis then ignored it. Lawrence Rodger and Oscar

Blair were looking at each other, not understanding how it related to T Company, though, they soon found out why. Because LD’s gold futures market suddenly had additional enormous shorts, and with this short, 1700 billion Federal coin gold futures dealing with immediate forced closure, immediately burst!

And the companies that held these long positions would be immediately notified by the futures company. If they do not increase the margin within a day, their positions will be immediately forcibly closed, and the losses then would be irrecoverable. However, if you increase the margin and continue to hold, when the gold price rises, the losses will naturally return.

Banks and a few others who are also caught in the similar situation immediately increased the margin for their long positions, and that night, on the Pearl Island City stock market, T Company’s shares started to fall. The reason was simple; the MIH investment group sold approximately 5% of their T company shares! 5% was a significant figure, roughly equivalent to drawing 85 billion Federal coins in capital.

This capital would obviously be put to use by Nasperslimited Investment Group to increase the margin. “Olivia Thatcher, operate on Pearl Island City as well,” said Finn Lewis after thinking a bit.

“Hmm, shall we acquire the shares of T company? Because T company is also a gaming company,” Olivia Thatcher reminded Finn Lewis. Only then did Finn Lewis realize that T company did indeed have gaming business, which meant that, for this part of the fund, Finn did not have to spend points.

“T company is not too urgent, just acquire as much as you can,” Finn Lewis quickly said.

“Understood!” With Finn Lewis’s words, a storm also began in Pearl Island City’s stock market. Like in LD, Olivia Thatcher directly began buying and selling T company stocks, and Finn Lewis again gave a call to Mr. M.

Finn Lewis knew that Mr. M had an agreement with the MIH financial group. If the MIH financial group sold their shares then Mr. M had the right of first refusal. Naturally, Mr. M had the capital.

“Mr. M, I will need your help. Please do not buy T company’s shares for now. When this matter ends, I will sell it to you at a price lower than that of the stock market. I can sell you as much as you want,” Finn Lewis directly said when the call got through.

Mr. M gave a bitter smile, what else could he say? All he could do was reluctantly agree. The capital that Finn Lewis held right now was something no one dared to provoke! However, T company’s stocks were good stocks. Anyone could see the future of T company. Mr. M not buying did not mean that others would not buy, especially other investment companies; someone was immediately hooked.

Especially when T company’s stock price was heavily depressed by Olivia

Thatcher, there was an investment company immediately touched. The SG Investment Company was one such company, they were a private equity investment fund, although they didn’t have a bank as a backer, the private fund was not a small fund, and they had many wealthy people behind them.

So, when they saw stocks at the bottom price, the company immediately joined the absorption of T company’s shares. When the Pearl Island City stock market was about to close in an hour, Finn Lewis received this news. At this time, the company had already absorbed about 6% of T company’s shares. And Finn Lewis had only used 4% of the shares for operation.

“Bloody hell! Seriously?! Isn’t this just cutting me off? Olivia Thatcher, make an inquiry for me! Look into their other investments!” Finn Lewis fiercely said.

“Young Master, I am already doing it, bingo, good news, they actually have a large order in the oil futures market..”