Chapter 230 Unnecessary Struggle
Although Yoshiaki Tsutsumi didn't know who his opponent was, he was extremely angry at the attack on his company. So he pledged his stock to the bank to raise an emergency fund to control the situation. According to the trading rules of the Tokyo Stock Exchange, stocks above 500 yen have a daily price limit of 10%, while stocks below 500 yen have a daily price limit of 15%. 200 yen or less is 20%. In addition, although the Tokyo Stock Exchange implements a zero-trading model, which allows buying and selling on the same day, a fund can only be bought and sold once a day. The reason for this design is to prevent excessive speculation in the market and damage the healthy development of the Tokyo stock exchange market.
There are many listed companies under Seibu Group, but the core is always Seibu Real Estate, Seibu Railway and Seibu Department Store. These three are the stocks with the largest market value of Seibu Group. At the same time, it is also the face of Seibu Group. Prior to this, all listed companies under Seibu had been on the limit for two consecutive days. If the short side is firmly pressed on the limit again today, then the myth of Seibu's invincibility will be shattered. Yoshiaki Tsutsumi knew in his heart that today was his last chance to revive the confidence of Seibu Group shareholders.
Shortly after the market closed last night, Seibu Group announced to the public that Seibu Group will use its own funds to repurchase its own stocks. Seibu Group still has nearly 20 trillion yen in liquidity on its books. Seibu Group will always stand with its shareholders and will never bow to malicious short sellers.
As the good news continued to spread in the evening, many investors who had already suffered huge losses were full of expectations for the performance of Seibu stocks after the market opened the next day. As soon as the market opened on Wednesday, Seibu stocks really opened higher, and then there were crazy buy orders one after another, which kept pushing up the stock prices of Seibu Real Estate, Seibu Railway and Seibu Department Store.
At this moment, Yoshiaki Tsutsumi didn't dare to let go of his heart, because he hadn't felt the existence of his opponent yet. Years of experience in business told him that momentary success or failure is not decisive. Shopping malls are like battlefields, and offense is the safest defense.
But the higher the stock price, the more dangerous Tsutsumi felt in his heart. He didn't understand why the opponent didn't make a move, and he shorted the Seibu Group for two consecutive days. Is he planning to stop it just like that?
Yoshiaki Tsutsumi's feeling was indeed right. Just after Seibu Group's stock price recovered most of yesterday's losses like a rainbow, the short-selling force finally appeared. Soon the electronic screen of quotations began to appear one after another. Seibu Department Store, Seibu Real Estate, and Seibu Railway, which were almost at the daily limit just now, all began to fall across the board.
"Pull up the price, can't the opponent lower the price?" Yoshiaki Tsutsumi stood up, picked up the phone and gave an order directly to the traders at the Tokyo Stock Exchange. Then Yoshiaki Tsutsumi could no longer calm down, and he began to stare at the price on the computer screen.
Even if Yoshiaki Tsutsumi is not a securities practitioner, he can still feel that his order has taken effect. The decline like a falling object was cut off by his own funds, and the broken line on the screen began to turn upwards. Then bit by bit regain lost ground. Soon the price returned to around the price of the upward gap at the opening today,
Subsequently, Seibu Group, Seibu Department Store, and Seibu Railway all stopped near the same price, and could no longer move up.
Yoshiaki Tsutsumi was a little anxious, he was still dissatisfied with his stock price, he picked up the phone, and ordered to his trader again: "What's going on, why don't you continue to raise the stock price?"
"President, we have spent nearly 500 billion yen, which is one-third of all our funds. The enemy's selling is very strong. It is not easy for us to keep the current price," the trader told My boss explained.
"Idiot, follow my order to raise the stock price. There is no one in this world who is richer than me. They must bet all their wealth and lives, borrowing these funds from financing institutions with leverage, and raising the stock price. Pull it up, let them blow up their positions, I will let those who oppose me know the serious consequences, let them blow up their positions." Yoshiaki Tsutsumi was almost yelling at his traders. He was completely disrupted by the drop in the stock price in the past few days. He originally had a very good project on hand, but because of the drop in the stock price, Seibu Group had to give up. This made Yoshiaki Tsutsumi very angry.
The three most important stocks of the Seibu Group began to appear stalemate. Almost every rise and fall of the yen was completed by the huge turnover. The long and short sides were like two evenly matched sumo wrestlers. Push the opponent out of the ground, but despite the strength of the two of them, the battle situation is still indifferent. Unknowingly, under the urging of Tsutsumi Yoshiaki again and again, the traders consumed half of the Seibu Group's funds, and now there are only 500 billion yen left in the Seibu Group's books.
"Boss, I feel that the opponent doesn't seem to be doing his best. Are we observing and withdrawing a few price levels before launching an attack?" The trader is already sweating nervously. Today Seibu Group has thrown out a trillion billion yen, when the market was closed at noon, the Tokyo Stock Exchange even personally intervened in Seibu Group's actions to protect the market. But now it is still unknown who is shorting Seibu's stock. We only know that all orders are issued from Mitsubishi Stock Exchange in Sapporo, Hokkaido, and the client is from abroad. Because of the requirements of the United States, Japan has a very relaxed attitude towards foreign capital entering and exiting Japan's capital market. As long as the funds are legitimate. Mitsubishi Securities only knew that the client was from Europe and North America, and they didn't know which institution it was.
Yoshiaki Tsutsumi feels extremely angry now. He has topped the Forbes Global Rich List for five consecutive years. Except for that woman named Eva in the United States, Yoshiaki Tsutsumi can’t think of anyone who is capable of fighting him Male and female, is it an act of the government of a certain country? No, absolutely not. We are a real estate company, not an arms company or an energy company. Shorting us will not achieve any political goals.
At this moment, there is still half an hour left before the market closes, and Yoshiaki Tsutsumi also realizes that he has consumed too much money today, so he decides to maintain this price until the market closes. Traders began to follow Tsutsumi's instructions and began to operate conservatively. But at this moment, the opponent who had been grappling with Tsutsumi Yoshiaki for a day suddenly made an attack.
One after another, an astonishing amount of buying orders began to appear on the screen, and then the stocks of the Seibu Department began to fall across the board like yesterday. Yoshiaki Tsutsumi hurriedly asked the trader to use the funds to stop the opponent. But this time the opponent's attack was too fierce, and Yoshiaki Tsutsumi threw out the buying orders before being overwhelmed by the selling orders without even making a splash.
"President, we only have 400 billion yen left."
"President, we still have less than 300 billion yen left."
"President, our funds have fallen below 200 billion yen"
"President, the bank called and said that our stock was about to fall below the liquidation line, and asked if we would call for a margin call"
"President, President, call an ambulance"
"Interlude a piece of financial news that our station just received. The Seibu Group entered and was forcibly liquidated due to the sharp drop in the stock price. The president Yoshiaki Tsutsumi was rushed to the hospital. The Seibu Group applied for an emergency suspension of trading on the Tokyo Stock Exchange. Please pay attention to the follow-up report" ()