187: Chapter 188 The Collapse of the Exorbitant Wall! The Epic Convergence of Two Short-Selling Torrents

Zhou Zhenghai rested his hands heavily on the edge of the trading desk, his bloodshot eyes locked onto the massive multi-screen matrix before him.

Right in the center of the screen, the time-sharing chart for "Jiyuan Entertainment (Ticker: 09999)" was jumping wildly in an extremely twisted and violent manner.

"Bang!"

A sweat-drenched lead trader slammed his keyboard hard and turned his head to shout a report:

"Boss Zhou, the twelfth deep V-shaped oscillation of the third day is complete! It was just forcibly pulled from the limit down to the limit up; the retail investors' psychological defenses have completely collapsed!"

In these short three trading days, Jiyuan Entertainment's market had completely turned into a super meat grinder that devoured people without spitting out the bones.

Countless hot money investors from all over who had chased the trend had their bottom positions instantly shattered and their capital pools ransacked in this illogical tug-of-war.

And those retail investors who had delusions of making a profit in this battle of gods experienced true hellish torture.

The unrealized gains in their accounts in the morning were clearly enough to buy two apartments in the city center in full, but by the market close in the afternoon, they were directly facing the abyss of liquidation and bankruptcy!

Under this three-day-long, hellish cycle of repetition, the will of the retail investors was thoroughly destroyed.

At the high point of today's final rebound, the desperate retail investors grabbed onto it like a last straw, frantically clearing and dumping the Jiyuan Entertainment shares they held.

"Close the net!"

Zhou Zhenghai abruptly stood up straight and decisively issued the order. He had been waiting for this moment of panic selling!

In the trading room, the fingers of dozens of top traders turned into blurs on their keyboards.

One by one, hidden buy orders, disguised through layers, opened their bloody maws like deep-sea leviathans.

"Report! Sixty percent of the retail circulating shares on the market have all been eaten up and locked in by our hidden accounts!"

The trader stared intently at the rapidly changing data: "However, the external short-selling institutions are frantically spreading negative news on major financial forums, attempting to trigger a new round of panic selling!"

A flash of extremely cold mockery crossed the bottom of Zhou Zhenghai's eyes.

Sixty percent of the chips on the board had already been dumped into his bottom position; the circulation lifeline of this stock had been completely cut off by him.

Since there were no more retail investors on the market who could be incited by those negative rumors, all the public opinion offensives from the short-sellers were just bluffing waste paper!

"Want to drive the price down with just a few mouths? Keep dreaming!"

Zhou Zhenghai waved his hand sharply and directly revealed his most arrogant capital trump card: "Take our sixty percent of chips and hang them all at a super high price to push it up for me! Force the stock price to be welded at one hundred HKD!"

Accompanied by the intense sound of keyboard clacking, massive amounts of locked-in sky-high pending orders acted like an insurmountable copper wall and iron bastion, instantly blocking all possible channels for a decline.

The red line of Jiyuan Entertainment's stock price held firm against the sky-filling artillery fire of short-selling, rising from the ground in an arrogant posture, and was nailed firmly to the terrifying high position of one hundred HKD per share!

The sky-high wall of one hundred HKD, like an unshakable steel fortress, instantly pushed the Wall Street short-selling crocodiles to the edge of a cliff.

The foreign capital's ten billion USD in securities lending chips had been largely exhausted during the forced market-smashing process.

The originally arrogant selling pressure on the market finally withered visibly.

However, just as everyone thought the battle was about to settle and the foreign short-sellers were about to face the fatal node of liquidation due to running out of ammunition:

A sudden change occurred!

"Beep, beep, beep—!!!"

The core risk control alarm light in the trading room flashed a blinding, scarlet, bloody light without warning.

The ear-piercing alarm sound instantly tore through the dead silence that had just eased.

"Boss Zhou! Something's wrong! New main force capital has entered the market!"

The data monitor stood up abruptly, their voice cracking from extreme terror: "It's not the foreign capital accounts from Wall Street! It's the domestic channels! Massive amounts of domestic capital are flooding in frantically!"

On the big screen, the market, which had been welded to the one hundred HKD defense line, was suddenly subjected to a devastating thunderous strike.

The domestic hostile families, led by the Beijing Circle, were like a pack of bloodthirsty wolves that had been lurking in the shadows for a long time, finally waiting for their prey to show signs of fatigue.

Carrying massive amounts of hot money, they pounced fiercely!

They didn't test the waters at all; they started with an overwhelming amount of short orders.

Like a burst mudslide, they poured frantically into the buy orders without regard for cost!

The ten billion USD remnant of foreign capital, plus the over one hundred billion RMB that was instantly smashed in domestically!

These two terrifying torrents of short-selling completed their most fatal confluence at this moment.

The destructive power that erupted instantly exceeded the sum of the short-selling capital Zhou Zhenghai had initially estimated by more than fifty percent!

"Boom—"

In the financial meat grinder, all techniques were as thin as cicada wings in the face of absolute crushing capital volume.

The steel defense line of one hundred HKD, in the face of this unprecedented, terrifying selling pressure, didn't even last ten seconds before being smashed to pieces instantly!

And what made Zhou Zhenghai feel even more chilled to the bone was that the over one hundred billion in protection fund bottom positions that the Eight Giants of Shanghai had dumped into the pool in advance to stabilize the market were, in the face of this confluent short-selling tsunami, simply like a piece of crushed ice thrown into a blast furnace.

It was instantly absorbed completely, without even turning up a single ripple!

"The defense line has been completely breached! The buy orders have fallen!"

"Ninety HKD broken! Eighty HKD broken! The selling pressure is still increasing exponentially; our first wave of bottom positions has been wiped out!"

The entire trading room fell into a suffocating chill.

All the traders stared fixedly at the wildly diving green numbers, cold sweat instantly soaking their backs.

Jiyuan Entertainment's stock price was like an elevator with its steel cables cut.

Pulled by an irresistible gravity, it was falling frantically toward an abyss of no return!

"The selling pressure is too great; we can't hold it at all! Boss Zhou, if we don't sell now, our bottom positions will be completely buried alive!"

The shrill warning sounds echoed one after another in the trading room as Jiyuan Entertainment's stock price was in freefall toward the abyss of no return.

Faced with this devastating mudslide formed by the confluence of domestic and foreign top-tier capital, even the battle-hardened Zhou Zhenghai had a layer of fine cold sweat break out on his forehead.

This was no longer a normal financial short-selling; this was a joint slaughter aimed at completely massacring the entire Shanghai Merchants circle!

Zhou Zhenghai didn't hesitate at all. He grabbed the encrypted phone on the table and dialed Shen Du's office directly.

"Boss Shen, the situation is not right!"

As soon as the call connected, Zhou Zhenghai's extremely suppressed voice came through: "It seems it's not just foreign capital; many domestic families have joined in now! The two sides' short-selling capital have merged, and the total selling pressure has far exceeded our expected upper limit! The first wave of market protection bottom positions has been wiped out. Should we sell, or what should we do?"

Zhou Zhenghai gritted his teeth, waiting for Shen Du's decision.

At this life-and-death juncture where one hundred billion in assets could evaporate at any moment, only that man was the only anchor for the entire battle.

On the other end of the phone, it was surprisingly quiet.

There was no shock or anxiety as Zhou Zhenghai had expected, only calm breathing, and a very light... hum that seemed to contain a certain strange amusement.

"Sell? Why would we sell?"

Shen Du's voice came through the earpiece, not only without the slightest panic, but instead revealing a chilling calmness, even... greed!

"Isn't this just getting started?"