Prev
Ch. 244 / 31677%
Next

Chapter 244: Stock Sell‑off

~7 min read 1,326 words

At the chip‑exchange spot at the casino entrance, Chen Mo had just finished a cigarette when Yi Jian hurried over.

Chen Mo glanced at his watch.

"Five minutes is just right.

Is it to make a move against me, or to give me money?"

"Mo Ge is joking," Yi Jian said, his attitude making a ninety‑degree turn after the phone call with Jiang Tiansheng, "Mo Ge won money at the casino, so of course he wants the full amount cashed out."

"But gathering that much money will take a little time, so please wait a bit longer, Mo Ge."

"Sure, sure. It's just a short wait; I have plenty of time."

Chen Mo had already calculated everything when he won the money.

One hundred million—this casino's reserves alone aren't enough; he must pull money from another casino.

After a dozen minutes, Yi Jian finally gathered the cash.

Three boxes of cash, each box containing twenty million.

One forty‑million check and a "Winning Funds" certification.

Chen Mo left the casino with the money, leaving Yi Jian with a sour, grudging feeling.

He had taken over two Macau casinos only a few months ago and had just repaid the debts he previously owed.

The money for recruiting underlings and seizing territory wasn't yet raised, and in the blink of an eye he fell into another fifty‑million debt.

From the two casinos, after subtracting the portion given to the Triad Society and the share for Jiang Tiansheng, he only keeps a few hundred million each month.

A portion of that must also go to support the underlings.

To clear the fifty‑million, it will take at least a year or so.

The next day, Chen Mo took his men to the bank, deposited all the cash into his own account, and then returned to Gangdao.

In Chen Mo's view, making Jiang Tiansheng lose that much should give him a hard time for a while.

Of course, if Chen Mo knew that Jiang Tiansheng shifted most of that loss onto Yi Jian, he wouldn't think that way.

But even if Chen Mo knew, he doesn't have the energy right now to keep trouble with Jiang Tiansheng.

With October's U. S. stock "Black Monday" drawing nearer, Chen Mo now only wants stability.

Talking about anything else is useless; making money is the most important.

Chen Mo went back to Lu Bin Sun's office.

"Old Sun, how have the stock trades been lately?"

"Hahaha, great!" Lu Bin Sun became excited when mentioning the recent stock performance.

"Following what Mr. Chen said, I poured all the funds from your account and the group's account into the market, and even used a bit of leverage.

This month I caught several limit‑up spikes; now the stocks and cash in the account total a little over two billion, almost double."

Hearing that figure, Chen Mo was rather surprised.

Lu Bin Sun's bonds are worth three hundred million; he gave Lu Bin Sun thirty million, leaving two hundred seventy million that had been in the group account.

The U. S. dollars that Tian Yang Sheng's group seized earlier, after Chen Mo had Yu Lan Can clean them, amount to about 470 million left. The promised one hundred million for Tian Yang Sheng's group hasn't been paid yet.

Adding the black money transferred from the Ni Family account, the money from Han Chen that came via Mary, and the profits from territory and business over the past half‑year, Lu Bin Sun's initial capital exceeds ten billion.

In a month he earned nearly ten billion; Lu Bin Sun's stock‑trading skill is still pretty good.

However, the final amount won't be known until Lu Bin Sun sells the stocks.

"Sell all the stocks; I need to consolidate the funds."

"What did you say?" Chen Mo's words made Lu Bin Sun's expression freeze, as if his ears were malfunctioning.

"Sell everything? Are you crazy? The stocks are soaring right now; selling them would make us lose a lot of profit."

Chen Mo held back the irate Lu Bin Sun, soothing, "Old Sun, don't be anxious; listen as I explain slowly."

After Lu Bin Sun calmed down a bit, Chen Mo continued.

"I know the stocks are bullish now. But don't you think the Gangdao market has a problem?"

Even street vendors selling soda know about stock profits, and illiterate old ladies pull out their burial funds to trade; do you think that's normal?

You should understand the principle: others are greedy, I'm fearful!

Also, I asked you to keep an eye on U. S. stock info earlier; didn't you notice anything off?"

Lu Bin Sun is a seasoned market veteran and knows the stock market quite well.

Although Hong Kong stocks are in a bull market, turning his capital over in a month and earning far beyond the index proves he's a top trader.

After Chen Mo's reminder, Lu Bin Sun gradually realized there does seem to be a problem.

"You mean the Hong Kong market's bubble is too big and will gradually fall back like the U. S. market?"

Lu Bin Sun finished speaking and, before Chen Mo could react, began shaking his head.

"No, that's not right. I've watched the recent U. S. market trend; although it's been slipping this month, it's just a technical correction, and it will rise again later.

As for Hong Kong stocks, a large influx of capital is still entering, so they'll definitely keep climbing and won't fall."

Seeing Lu Bin Sun's stubbornness, Chen Mo let out a light sigh.

Lu Bin Sun's view aligns with most Gangdao investors.

Before October 19 in Meiliguo, no one thought U. S. stocks would plunge that badly, nor did anyone foresee the crash.

Because of that, countless people went bankrupt in that crash.

Chen Mo can't explain the details to Lu Bin Sun now; when the time comes, he'll understand naturally.

"Old Sun, you can watch how Hong Kong and U. S. stocks evolve, but for now you must do as I say."

"Starting today, begin gradually offloading all the stocks. By the end of the month, every share must be sold off.

Then deposit all the funds into Citibank and exchange them into U. S. dollars for me."

Although there's still a month before the crash hits, the stock sell‑off will take time.

Lu Bin Sun's stocks are now worth nearly two billion; dumping them all at once would leave no buyer and roil the market.

Stretch out the time, sell off a little at a time; as long as he dumps the stocks before Chen Mo goes to Meiliguo, nothing will be delayed.

Finally, after Lu Bin Sun let out a long sigh, he once again submitted to Chen Mo's lascivious might.

Fortunately, this period of stock trading has already let him indulge his addiction to dominating the market, so it won't be too unpleasant.

However, he still harbors doubts about Chen Mo's request to convert the funds into US dollars.

"Mr. Chen, what do you need all that US dollars for?"

"Next month I plan to take a trip to Meiliguo. I saw an opportunity in the US stocks; would you be interested in coming along for fun?"

Anything that hasn't happened yet isn't certain; Chen Mo didn't intend to tell Lu Bin Sun the detailed plan.

Lu Bin Sun shook his head: "I'm still on parole; I can't leave Gangdao."

Speaking of this, Lu Bin Sun's gaze toward Chen Mo grew somewhat resentful.

Back when they dealt with Liu Yaozu, the handling was too clean and too rushed.

Although letting Lu Bin Sun get his sweet revenge felt satisfying, the attempted murder charge on his record cannot be washed away.

This has left Lu Bin Sun in parole status to this day, unable to go anywhere.

Chen Mo gave an apologetic chuckle: "Hehe, I almost forgot about that."

"But it's fine; besides, you're old enough that long journeys aren't good for your health. Just wait here in Gangdao for my triumphant return."

◈

End of Chapter

Prev
Ch. 244 / 31677%
Next
Prev
Ch. 244 / 31677%
Next