Chapter 858: It's a dirty trick!

'Are investors reducing their holdings or is an institution short selling?'

Tender Wells' expression changed, his eyes staring straight at the company stock trading data handed over by his subordinates, his mind filled with doubts.

Just looking at the huge trading volume, Tender Wells was more inclined to believe that an institution was short selling.

As a practitioner in the financial industry himself, he naturally understood the danger of being targeted by the giants. He now felt like a thorn in his back.

'You can't be sure by just daydreaming here, so you'd better ask the major shareholders.'

Thinking about this, Tendler Wells picked up the phone and dialed the phone numbers of the major shareholders in descending order of shareholding percentage.

As he made the calls, Tendler Wells' face was calm at first, but after calling all the major shareholders, his face was dark as a pot sticker, and anger flickered in his eyes.

'Jiuding Securities Company!'

Tendler Wells muttered the awkward company name, annoyed.

Just now, many shareholders had already told him about the bet, and Tendler Wells was not angry at all.

After all, these shareholders were willing to bet against the company, which undoubtedly meant that they had sufficient confidence in the Philipp Brothers company. Shareholders who were afraid to bet against the company might not have enough confidence.

He had no right to interfere with these shareholders lending their shares to bet against the company, even though they had caused him trouble because of the bet.

Knowing yourself and your enemy is the key to victory in every battle. Tendler Wells immediately ordered someone to gather information on the unfamiliar Jiuding Securities Company.

An hour later, information on Jiuding Securities was on Tendler Wells' desk.

When he saw that Jiuding Securities was just a branch of a Hong Kong securities company, Tendler Wells subconsciously narrowed his eyes.

'The people from Galaxy Fund are also Chinese, and Jiuding Securities is also a Chinese company. It seems that they are in the same gang. Are they counting on my Philip Brothers to lose money?'

'Hmph, are they planning to maximize their profits?'

Although Tendler Wells was seething with anger, a grave look crept onto his face.

He knew his own business best. The high-grade copper futures and aluminium futures were getting more and more controversial, and he was still at a disadvantage despite investing huge amounts of capital. Tendler Wells was extremely concerned about this.

Galaxy Fund was long high-grade copper futures and aluminium futures, while Jiuding Securities was shorting the stocks of Philip Brothers. The two were already linked.

'The key is to win this futures battle. As long as we win in the futures market, we will naturally win in the stock market.'

After calming down, Tendler Wells instantly figured out the key.

As long as there is no loss in futures, or even a profit, then Jiuding Securities' forced short selling will only dig themselves into a hole.

If there is a big loss in futures, and there is no need for Jiuding Securities to short sell, the stock price of Philip Brothers will also plummet. The only difference is that Jiuding Securities' short selling will amplify the decline!

'Just...'

Tender Wells' eyes darkened at the thought of the situation in the futures market.

The situation was already not optimistic, and because Albert Raphael had been short selling like crazy in the early stages, the funds invested so far had reached more than 2 billion US dollars, with investments in the New York Mercantile Exchange, the Chicago Mercantile Exchange and the London Metal Exchange.

Tender Wells, who was hesitant about what to do, had someone call in Albert Raphael, the general manager of the rare metals investment department, to get his opinion.

'President, you wanted to see me?'

Albert Raphael soon arrived in the office, bowing slightly.

'Sit down!'

'Albert, take a look at this first,'

Tender Wells said, throwing the stock market situation he had seen earlier at Albert Raphael.

The latter took it and looked at it carefully with his head bowed.

His face changed colour as he read it, and he looked up suddenly, frowning and asking, 'President, what do you mean?'

Tender Wells did not answer, but asked with a grave face, "The stock market being short-sold is secondary. The result depends on the outcome of the futures market. Do you understand?'

Albert Raphael's heart grew heavy, and he nodded with a grave face, saying, "I understand.'

Tender Wells asked in a deep voice, 'What is the situation in the futures market now, and what are you going to do?'

Albert Raphael looked grave, furrowed his brow and pondered for a long time before looking up and stating, 'President, the capital we have invested is already very large, and we cannot withdraw it in a short period of time. If we stop now, we will definitely lose. Globally, we will lose at least 400 million US dollars, and the probability of breaking even is zero.'

'If we continue to invest capital and fight this battle with all our strength, if we win, the company's strength will skyrocket; if we lose, the losses will be even greater, and the impact on the stock market will be even greater.'

At this point, he hesitated for a moment and then continued, 'My personal advice is that since the consequences of failure are already visible, and retreating is certain to fail, it is better to continue fighting. Although there may be more losses, it is not impossible to win. If you cannot win in the normal way, try another method. After all, this is America, and it is not up to the new Chinese to dominate.'

Albert Raphael is a typical gambler's mentality. He has already lost so much money anyway, and stopping will also deal a heavy blow to the company. So he might as well fight his way out of this and maybe even soar to new heights.

Of course, he would choose this way, not without the influence of completing the task assigned by the boss, and also to fight his way out of this for himself.

Tender Wells looked deeply at Albert Raphael and said in a deep voice, 'How much confidence do you have? How are you going to act? You have to know that the bulls are gaining the advantage now!'

Albert Raphael immediately said, "President, the bulls" offensive has slowed down, and I think the bulls' strength is about to peak. As long as we increase our offensive and regain the initiative, we can still turn the tide of the battle.'

'And just to be on the safe side, we can also deal a blow to Galaxy Fund in other ways. Even if we can distract their attention and delay them, it will be beneficial to us. We can also take this opportunity to get more giants to get involved. With the funds currently invested by the bulls, I believe many institutions will be interested.'

Tender Wells pondered for a long time and slowly nodded, saying, 'Do as you say. I will order the finance department to allocate an additional 200 million US dollars to your department. You will need to take responsibility for finding matching funds from banks.'

Albert Raphael's face brightened, and he replied loudly, 'Thank you, President, I will definitely do my best!'

Afterwards, he saw Tendler Wells wave his hand, and Albert Raphael slowly exited the president's office.

After looking at the information on Jiuding Securities Company and the stock market information, Tendler Wells snorted and threw it aside.

Albert Raphael, who had once again gained the support of the company, immediately took action. This was reflected in the futures market, where the number of sell orders increased significantly. At times, no one wanted to buy, and the futures price recovered a lot of lost ground.

Seeing this, the other short sellers also increased their positions after some trial and error.

This was exactly what the Milky Way Fund wanted. Song Yang, while exclaiming at the boss's wisdom and prowess, methodically told the traders to buy slowly, fully demonstrating the drama of 'doing one's best to parry but still being flustered'.

However, Song Yang did not celebrate too early.

Two days later, a group of well-dressed people with law enforcement badges entered the Galaxy Fund. While a group of employees blocked the law enforcement officers, a vigilant employee immediately left the hall and ran towards the operations room.

'Manager, it's bad, the people from the New York Stock Exchange Commission are here, they are fierce, and they have been stopped by others for now. I'm afraid they won't be stopped for long.'

Upon hearing the report from the employee, who was breathing heavily, Song Yang, who was sitting in the operations room, turned pale with anger and shouted angrily:

"Son of a bitch, you actually came at me from behind!'