SRGA Chapter 167: Stock Market Nightmare!
Dongying Country, Yamaguchi Group.
"Leader, the bears are targeting us. They're continuously selling short the stocks of several companies we're involved in," said one of Yamaguchi Tohara's trusted men, Akira Miyamoto.
Akira Miyamoto wasn't good at fighting like the others, but he excelled in economics and had helped Yamaguchi Tohara earn a lot of money.
"What's the specific situation? Can we withstand the pressure?" Yamaguchi Tohara asked in a deep voice.
"We should be able to handle it. However, if we want to stabilize the stock prices, we'll need some funds," Akira Miyamoto replied, pushing his glasses up.
"It's okay to spend some money. Pull up the stocks and don't let the sharks smell blood," Yamaguchi Tohara ordered.
"Understood, Leader."
The Yamaguchi Group acted swiftly.
A considerable amount of money was quickly poured in, and the stock prices, which had been slightly falling, were lifted up by them.
"Leader, I don't think there should be any major issues."
"With the strength of our Yamaguchi Group, ordinary forces wouldn't dare to mess with us. They'll have to pay a price if they want to profit from us," Akira Miyamoto said with a smile.
Yamaguchi Tohara nodded.
Just then, Yamaguchi Tohara's phone rang. It was from another one of his trusted men, and he quickly answered it.
"Leader, it's bad. A lot of our scandals have suddenly appeared online, exposing the companies controlled by our Yamaguchi Group," the voice on the other end said urgently.
The Yamaguchi Group's reputation wasn't very good, and such news being exposed could lead many people to dump their stocks.
"Leader, something's wrong," Akira Miyamoto said, his expression changing slightly.
The stock prices of several companies they were focusing on had just been lifted slightly, but suddenly they plummeted significantly.
"Spend money to pull them up!"
"The companies belong to our Yamaguchi Group, but as long as we stabilize the stock prices, the shareholders will trust us."
"Making money is the most important thing!" Yamaguchi Tohara said in a deep voice.
The cash flow of their Yamaguchi Group was decent, but the stock prices of several companies needed to be lifted, which meant bleeding from several sources.
They could choose to ignore it, but the bears would teach them a lesson, and the shareholders' confidence would be wiped out.
Moreover, they had pledged a lot of stocks. If they couldn't stabilize the stock prices and they plummeted, the securities firms would force liquidate, and many stocks would be sold off at all costs.
That would undoubtedly be a disaster.
"Understood, Leader."
"Leader, it's best to prepare more adequate funds," Akira Miyamoto said.
Yamaguchi Tohara nodded. He made a few phone calls, and if more funds were needed, they could quickly get a lot of support.
With a lot of funds poured in, the stock prices slightly rebounded.
The mood of the shareholders stabilized somewhat.
In the Hellfire chat group, KING said, "Everyone, get ready to release the second wave of scandals."
Soon, the second wave of scandals spread.
This wave of scandals was more numerous and fierce than the first.
"Wife, don't hesitate. Sell off the stocks of the companies affiliated with the Yamaguchi Group quickly. Look at this information. The Yamaguchi Group might face a crackdown soon."
"Damn, the Yamaguchi Group is ruthless."
"Damn, I just went to the bathroom, and the stock dropped by five percent again. I should've decisively cut the losses and left."
With the second wave of scandals spreading, the stock prices of the Yamaguchi Group's companies quickly dropped again, even more drastically than the first time.
Many institutions also sensed that something was wrong.
With so many scandals coming out, were there international giants involved?
"Dump, dump hard!"
"If we don't take advantage of this opportunity to hit them, when will we?"
Other bears also joined in.
Yamaguchi Tohara quickly borrowed a considerable amount of funds, but with retail investors selling and many bears attacking, it was difficult for the funds they invested to lift the stock prices.
The stocks continued to plummet.
However, the speed of the decline eased somewhat.
After all, there were quite a few retail investors and institutions buying in to take a gamble.
Finally, when the morning trading session closed, Yamaguchi Tohara's face was extremely grim.
The stock prices of seven or eight companies had dropped by nearly twenty points on average.
The market value of all these companies plummeted.
"Leader, the enemy's tactics should have been exhausted. Now, we need to find a way to pull the stock prices back up," said Akira Miyamoto.
"As long as the stock prices can recover, perhaps we can still make a profit," Akira Miyamoto added.
Yamaguchi Tohara said in a deep voice, "We absolutely cannot let the drop exceed thirty percent, or it will trigger margin calls from the securities firms."
"Leader, don't worry. It shouldn't come to that. Perhaps the prices will bounce back a lot in the afternoon," Akira Miyamoto reassured.
Just then, Yamaguchi Tohara's phone rang again.
He had a bad feeling about this.
"What's the matter?" he asked as he answered the call.
"Leader, the third wave of news has arrived, and... it's even more severe this time. It includes some evidence implicating you in a murder, including videos," the caller said urgently.
As Yamaguchi Tohara listened to his subordinate, his face turned pale. Who exactly was targeting them with such information?
Such news being exposed was a direct challenge to them, the Yamaguchi Group.
"Leader, there are many other pieces of information—"
Yamaguchi Tohara hung up before the caller could finish.
He began searching online for more information.
"This is bad."
Yamaguchi Tohara's face looked extremely grim.
He had the ability to clear his name, but what would the public and investors think?
By noon, the news would be all over the place.
When the market opened in the afternoon, the stock prices were estimated to quickly drop below thirty percent, and the securities firms would start liquidating the pledged stocks.
And it wouldn't just stop at a thirty percent drop; it might even reach fifty percent.
"I'm such an idiot to have tried to catch the rebound."
"We're finished. The afternoon is going to be disastrous."
"I'm selling as soon as the market opens this afternoon."
Many newly entered retail investors and institutions were on the verge of tears.
Could they release all the news at once?
"Guys, after three waves, there probably aren't many people daring to go long. Resistance in the afternoon will be weak."
"Let's go all out and show the big shots our strength. We'll make a little money for ourselves too, haha!" KING messaged in the private chat group.
As noon passed by gradually, Yamaguchi Tohara stared at the large screen in front of him.
When the stock market opened in the afternoon, their people desperately tried to stabilize the stock prices, but they continued to drop rapidly.
Companies with pledged stocks saw their stocks quickly hit the forced liquidation point, and the pledged stocks were frantically sold off by the securities firms.
"Leader, we're out of money," Akira Miyamoto said.
They had prepared quite a bit of funds, but with the stocks plummeting so rapidly, the funds they had prepared were far from enough.
Yamaguchi Tohara clenched his fists.
He wanted to kill someone.
But their top hacker experts were dead, and he didn't even know whom to seek revenge against.
The other forces' cyber experts wouldn't help them deal with international giants in this situation.
The fact that someone dared to target the Yamaguchi Group like this meant that their strength was undoubtedly very strong.
Helping them would only bring trouble upon themselves.
"How much more can we drop?" Yamaguchi Tohara asked with an extremely grim expression.
After estimating for a moment, Akira Miyamoto said, "Leader, if we drop more than sixty percent, many funds will definitely enter the market."
"But even if funds enter, it will be extremely, extremely difficult for our stock prices to recover."
Yamaguchi Tohara closed his eyes in agony.
The losses they were facing this time were immeasurable.
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