Chapter 291: Pioneer Technology's Problem

Chen Yang felt Yexin was making a fuss over nothing. The stock hit the limit down, so be it; they've traded stocks for so long, it's not like they haven't experienced this before.

More accurately, they often play the role of "limit-down stock makers."

As speculative traders, when encountering a limit-down stock, there are actually many ways to resolve it. The best and most direct method is to do whatever it takes to break the order book and lift investors' sentiment. Once the market stabilizes, they can then slowly sell off the stocks they originally built positions in.

How simple!

"Chen Yang, this time is different. The other side has a lot of chips; even after we added two hundred million worth of positions, the problem isn't solved." Yexin said solemnly: "They seem to be deliberately toying with us. On the surface they don't put out many chips, but as soon as we place buy orders to sweep up shares, they immediately throw out a bunch of new sell orders. They're intentionally preventing us from pushing the stock price up."

Chen Yang pondered Yexin's words carefully and found the phenomenon quite strange.

If it were a manipulator suppressing the price to accumulate shares, there would be no reason for them to keep pressing low and only sell without buying.

If they're just trying to toy with Yexin, that's pure idle boredom. As long as they aren't a major shareholder of Pioneer Technology Company, their shares are limited. Once Yexin buys up all their shares, she can independently raise the stock price and recoup the original losses. What use could their operation possibly serve?

After ruling out the above guesses, the remaining possibility is that there's an internal problem at Pioneer Company.

In Chen Yang's previous life's memory, Pioneer Technology Co., Ltd at this stage had no trouble. But since he was reborn, many things in this world have quietly changed. Pioneer Technology also cannot rule out being affected.

"Sister Yexin, let the stock hit limit down and leave it be for now. First, have someone inquire at Pioneer Technology Company to see if there's any internal issue. If there isn't, we'll then devise a new response strategy."

"Okay!" Yexin immediately returned to Wuyou Residence to gather information.

After she left, Chen Yang directly returned to his rented hotel.

He opened his computer to check Pioneer Technology's stock situation. The final closing price last Friday was 13.5 yuan, and it has now fallen to 12.15 yuan. Moreover, there are still 5,000 lots of sealed sell orders on the ask side. However, the morning trading volume has already exceeded ten billion.

Looking at the trading details, basically all trades were executed at the limit-down price.

Such reckless cash‑out behavior either indicates a fatal crisis inside Pioneer Technology Company, or the shareholders themselves are facing financial trouble.

Earlier, when hyping the China Software stock, Chen Yang had already seen shareholders panic‑sell due to economic problems. So he isn't surprised now.

Of course, Chen Yang also didn't act on impulse and use his personal account to bottom‑fish.

The prerequisite for bottom‑fishing is knowing where this stock's floor lies.

In a situation like today, where the other side seems to have an endless supply of chips, blindly bottom‑fishing will only trap oneself as well.

Don't look at the fact that Chen Yang, Yexin, and Qi Yunxiang's alliance has several billion yuan in funds; in the vast stock market it's merely a drop in the ocean.

If they truly encounter a stronger big capital, they can be devoured down to the last scrap.

Although Chen Yang has made a fortune in the stock market relying on his past‑life memories, he hasn't become so overconfident as to look down on everything.

Since Yexin's inquired news hadn't arrived yet, Chen Yang called Zhou Rixin.

"Officer Zhou, could you tell me the address of the school Xiao Mi originally attended? I'm preparing to handle his transfer procedures."

"Boss Chen, I can handle Xiao Mi's transfer procedures. Once it's done, I'll send it directly to Sunshine Garden Community."

"Okay, then thank you for the trouble."

"Boss Chen, you're being formal. I should be the one thanking your family for taking in Xiao Mi."

"Alright, let's skip the pleasantries. I'll wait for your news in Xingcheng."

Chen Yang also has plenty on his plate. Besides sponsoring Xingcheng No. 1 Middle School, he needs to return to Ordinary People Meat Industry Co., Ltd to receive the municipal and provincial leaders' inspection. Since Zhou Rixin is willing to handle Lin Xiaomi's transfer procedures, he's happy to take it easy.

Around 12:30, Qi Yunxiang called Chen Yang.

"Mr. Chen, is it better to bottom‑fish or to pull out of Pioneer Technology now?"

From his tone, Chen Yang sensed that pulling out was more likely. But if Qi Yunxiang also dumped his shares now, it wouldn't solve the problem and might trigger even greater panic. So Chen Yang soothed him: "Mr. Qi, I've already had Ms. Yexin inquire for news. Until we have definite information, let's just stand pat."

"Mr. Chen, could you analyze what's going on today?" Qi Yunxiang rarely encounters such a situation except during a stock market crash. He really wants to hear from Chen Yang some reassuring answer. Even if Chen Yang just said, "It's merely a technical adjustment," that would be fine.

"Don't overthink it. Even if we lose today, we can just make it back later when the chance arises." Chen Yang isn't a stock‑market pundit, so he's too lazy to analyze technicalities. If technical analysis were useful, the market wouldn't have so many "leeches."

"Mr. Chen, as long as you're not worried, I'm at ease." What Qi Yunxiang wants is Chen Yang's attitude. As long as Chen Yang is confident, he is confident too. In Xingcheng, he can't find anyone better at stock trading than Chen Yang.

Not long after Qi Yunxiang hung up, Yexin's news finally arrived.

"Chen Yang, I've found out. The popular card game agented by Pioneer Technology Company has recently developed many bugs, with lots of users exploiting them to farm huge amounts of in‑game currency. The company currently hasn't found a fix. Could this be the root cause of today's limit‑down?"

The popular card game agented by Pioneer Technology is exactly the game that got Chen Yang banned. Last time, merely letting Lan Tian Baiyun make a card‑counter got him judged as cheating and banned. Back then Chen Yang still thought the game's technology was impressive. He didn't expect that, after encountering the hacker big‑shot who farms game currency, they'd have no solution.

"Sister Yexin, regardless of whether this is the root cause, my advice is to stand pat. If the problem isn't big, tomorrow will surely halt the decline; otherwise, we can only cut losses in time."

"Alright! Anyway, I might not be able to sell many shares even if I put them up for sale, so let's just wear them down and see who gives up first." At this point Yexin also wanted to play the stock‑market deadbeat. As long as she doesn't dump her shares, they'll eventually rebound.

"You brat, no sneaky bottom‑fishing!"

"Don't worry, I'm just rich, not stupid. I'll absolutely never do something that has no prospect at all."

"……"