The moment before the opening of the United States stock market, those well known large companies agreed to announce their stock buyback plans by chance.
The news did not have much impact on the market.
At present, anyone with a discerning eye could see that the stock price of these top companies were far lower than their actual value, but when would it be at rock bottom? Would they get stuck in the middle or would they get a very high price if they bottom-fished now?
Everything was still unknown.
After all, very few investors truly had money to spare to invest in stocks. They all had to make the money turnaround fast. Even if they knew that a particular stock would rise in two or three years or even longer, the vast majority of stock investors would not choose this stock. It was because the increase was uncertain and the timeline for long- term investment was too long.
Those who liked a stable income would simply deal with a fixed minimum financial manager. Meanwhile, most of the ones who plunged into the stock market with their own money were speculators who wanted to throw a sprat to catch a herring and reap huge profits quickly.
Thus, the whole market did not fluctuate much when facing this news, instead, everyone fell silent.
They were looking at the IW Foundation. At the moment, everyone knew that IW Foundation was the largest dealer in the United States stock market. Even if they wanted to respond, they would wait for JW Foundation to respond first.
On the other hand, JW Foundation did not make people wait for a long time. As they were faced with the repurchase of shares by these leading companies, the likes of which included Weresoft and Apple, JW Foundation’s response was simple and harsh-they would go short!
If the current JW Foundation wanted to go short, its power was vastly different from before.
With the 210 billion US Dollars earned from the subprime market along with their principal, JW Foundation now had a war chest close to the 300 billion US Dollar mark.
What kind of concept would this be?
If it was converted to Somer Dollars, it would have exceeded one trillion Somer Dollars.
If JW Foundation withdrew all its funds now, it would become the world’s largest venture capital institution based on market value, as well as one of the companies with the strongest financial strength in the blink of an eye.
However, the premise was that the JW Foundation did not distribute these funds.
One had to know that this money was made up of countless large and small Somerland capital as well as capital from Somerland descends. However, this did not prevent JW Foundation from turning into a real behemoth, wantonly trampling on the United States Dow Jones and Nasdaq markets.
“As we chose to consciously attack, Nasdaq has now become the area that has suffered the hardest hit. It opened at 19986 points, but after the opening, although there was a slight upward trend due to the repurchase plans of major leading companies, the stock market price decreased quickly when we started shorting.”
“The current point is at 19901, but when it encounters an integer support point, it won’t take us more than 5 minutes to break through this point.”
With more funds at hand, their strengths had also risen. Right now, Jake was also in high spirits.
Before working with Jasper, Jake never dreamed that favonovel.com could one day be the daddy of the Nasdaq market. Now favonovel.com was not only a daddy, but favonovel.com was also the daddy of these famous and world renowned companies.
The high of putting a massive batch of short orders on the market with his approval was incomparable.
Jasper was also in a good mood when favonovel.com looked at the red-faced Jake.
“This is just the beginning. I’ve given you all the funds. If the Nasdaq cannot be brought below 15000 points before the close today… Baz has been coveting your position for a very long time.”
Jake was startled and hurriedly said, “Mr. Laine, don’t worry, I’ ll get back to work now!”
After Jake went out, Jasper leaned back on his chair in a relatively comfortable position.
Now that favonovel.com had nearly 300 billion US Dollars of funds on hand, it was not very difficult to achieve their goal. The main concern was whether those international hot money would come in to create confusion, Unfortunately, the thing that Jasper was worried about actually happened.
When the Nasdaq stock market index fell to 18000 points, Jasper clearly noticed the abnormal fluctuations in the stock prices of some important companies. He could see large quantities of small positions forming in the stocks of larger, renowned companies.
This was definitely not the stock repurchase of those companies themselves. If it was their own stock repurchase, they would have made it known to the world and publicize it with great fanfare.
However, the buying behavior that was happening now seemed to be an undercurrent hidden under the general turbulence. It was not obvious, it was not large in scale but also nothing to laugh at.
For the time being, Jasper did not know whose funds these were as everything was done carefully. It seemed that they were afraid that Jasper would find out, so every time they bought in, they would buy without affecting the market price.
Although it did not affect the market for now, they were like an extremely annoying piece of glue.
When Jasper lowered the stock price by a little, they would buy a little, and when be lowered it a little bit more, they would buy a little bit more. If this continued, Jasper would be working on this fund in vain.
Jasper never wanted to suffer such a silent loss.
When the Nasdaq fell to nearly 17900, Jasper told Jake to stop.
As soon as it stopped, the glue that was like a stealing mouse, was immediately exposed to the sun.
The stock prices of these important leading companies had temporarily stabilized and after the trading volume had slowed down, their purchases became particularly obvious.
It knew that its intentions had been exposed, and in an instant, it canceled all the unsettled orders and immediately disappeared into the sea of funds without a trace.
“Keep shorting,” Jasper narrowed his eyes and said to Jake.
The stop just now was just a warning to the other party that favonovel.com had discovered them and that favonovel.com was pissed. If they continued to accumulate money untactfully, Jasper would beat them up.
After that, the funds did not appear again. The Nasdaq market plummeted.
The drop of more than 3000 points could already be described as a crash. This was the biggest one-day drop in the Nasdaq stock market since the financial crisis.
The entire financial market of the United States was full of grief. It was unknown how many people’s position were liquidated on this trading day, and it was unknown how many bosses of fund companies jumped off from high buildings.
The situation was even more chaotic now.
In the chaos, the target position of Jasper’s bottom-fishing was getting closer and closer.
At the same time, the tolerance of the United States financial circle was getting closer and closer to the limit Eventually, some people could not help but take action.
