Spend money to play around the world

Chen Fang didn't discuss anything with him, but just told them his next plan.

Then he decisively ordered to Luo Xu: "Mr. Luo, tell the needle company to open a position around 175 US dollars, eat as much as you can, until all the funds we can use are spent!"

"Mr. Chen, are you serious?"

"Nonsense, of course it's true. Hurry up and get someone to do it. We only do T+2. Buy today and start selling the day after tomorrow. Just follow my orders." Chen Fang said.

"Okay." Luo Xu didn't say much, the leader was Chen Fang.

So, according to Chen Fang's instructions, Luo Xu called the 'needle company' to open a position at the price of 175 US dollars, and began to buy the stocks of Moke Pharmaceutical Company.

However, the stock price of Mok Pharmaceuticals during this time period is still hovering at $190, and it will take a little time to fall to $175.

However, according to the K-line chart in the system, Chen Fang knew that when the stock price fell to 173-174 US dollars today, the amount of buying and selling was the largest. There was a gap between the reality and the K-line chart in the system, so Chen Fang chose Open a position at $175.

As long as it goes well, most of the purchases can be realized at the position of 129 US dollars with 175 billion US dollars of operable funds.

Sure enough, many retail investors in the U.S. stock market, after finding out that Mok Pharmaceuticals had not made any statement for the time being, knew that this matter might be a big deal.

A pending order of $190 cannot be sold, and the trading volume is only a few thousand shares.

Some people bought it at $185, but the volume was very small, and it was impossible to move after less than 10 shares.

The volume at $180 was good, and the trading volume reached 500 million shares, but soon those who bought positions were full and had no money, and then the stock price began to fall again.

It wasn't until the stock price fell to 175 US dollars that someone built a large position and bought here. This 'person' was naturally the 'Needle Company'.

At this time, these retail investors panicked, eager to sell their stocks at a low price immediately, and then stop the loss. They grabbed this life-saving straw and didn't even think about whether to calm down at this time. Clearance started immediately.

Therefore, before today's U.S. stock market closed, 'Needlehead' bought $175 billion worth of stocks at $65, taking in about 3700 million shares.

……

Chen Fang and the others were in high spirits.

In Xue's villa, Xue Zhenshi, an outsider, couldn't sleep at the moment, leaning against the head of the bed, her beautiful eyes fixed on the K-line chart of Moke Pharmaceutical Company.

"It has fallen to 175 US dollars. The last closing price was 203.5 US dollars. This means that just a few hours after the opening of the market today, the stock price of Merck Pharmaceuticals fell by a full 28.5 US dollars. The decline has reached 14%. Will it go down?"

Xue Zhenshi murmured, her whole body seemed a little dull, and that beautiful face was full of indescribably complicated expressions.

Because there is no limit on the rise and fall of U.S. stocks, it can fall below 10%, or even more than 20%.

After half an hour.

"It fell, fell again, and now it has fallen to $173.4, a one-day drop of almost 15%. Will it fall below $170 today?"

612. You can only bite the bullet and get cut (10 more monthly tickets and subscriptions)

At five o'clock in the morning, the U.S. stock market was finally closed.

Today's stock price of Mok Pharmaceutical Company can be said to be in the green light all the way, and it has fallen all over the place. Retail investors who can't stabilize and those bulls with too high leverage have suffered big losses.

Only those who are stable have not yet sold their stocks. These people are still betting that Eric's report this time is false.

Once the bet is right, everything will be fine when Mok Pharmaceuticals releases a clarification statement.

Some people even seek wealth and insurance, just like the "needle company", they built positions at low prices and bought a lot of stocks.

In the end, today’s closing price was $172.4, a one-day drop of 15.2%.

Created the largest single-day drop for Mok Pharmaceuticals since the 21st century.

The market value evaporated directly exceeded 780 billion US dollars.

It can be seen that this time Eric exposed the financial fraud of Moke Pharmaceutical Company, and how severe the blow to the company's stock price was.

"Did I really make a mistake this time?"

Xue Zhenshi sighed, feeling a little tight in her chest.

If I had known this was the case, then at that time, Xue Qi should not have been prevented from shorting Moke Pharmaceutical Company.

However, she still has a glimmer of hope in her heart. After all, Moke Pharmaceutical Company has not issued a positive statement yet.

What if there is a turning point in this matter?

To be honest, with such a thought, she knew that she was already a little dazed, and she got into trouble with this matter.

……

There is indeed a turnaround.

Mok Pharmaceutical Company here.

After Eric's "Coyote Company" shorted the report, pointing out that they used inaccurate and even fraudulent financial statements to cover up the company's financial and operating problems, there was chaos within the company.

Because, the company's CEO, Lawrence, suddenly lost contact in the past two days, and he couldn't get through the phone, and he couldn't find anyone.

The leaderless Mok Pharmaceutical Company is a bit at a loss as to what to do.

After the U.S. stock market closed, at [-]:[-] p.m. U.S. Eastern time, when people from Mok Pharmaceuticals found Lawrence, they found that he was having a party with his five lovers in a sea view villa, and they were having a good time.

Lawrence was a little embarrassed at the time, but as the CEO of a $5000 billion company, he quickly calmed down.

After getting dressed, ask what happened.

After the employee informed Lawrence of the situation, Lawrence immediately realized the seriousness of the matter, and scolded the other senior executives in the company for being idiots. Could it be that they would not be able to maintain the normal operation of the company without him?

After returning to the company, Lawrence immediately called the company's top management to start a meeting.

After the meeting, Lawrence immediately had a headache, because although the accusation report released by Eric deviated from the real situation, there was indeed a problem of financial fraud on the Mok Pharmaceutical Company.

This is great, people are not slandering, so what should I do?

Admit that the company's financial fraud?

No, no, no, this is absolutely not acceptable. Once admitted, Moco Pharmaceutical Company will be finished.

So Lawrence called a press conference to respond to the incident.

He gritted his teeth and said that the report issued by Eric's Coyote Company was false, full of loopholes, and slanderous!

Even, in order to prove his innocence.

On March 3, after the U.S. stock market opened on Tuesday, Lawrence paid out of his own pocket to buy $1 million worth of the company's stock when the stock price of Merck Pharmaceuticals plummeted, proving his confidence in the company to the outside world.

At the same time, Lawrence also contacted Andrew, the CEO of Citron Research, and asked him to help clarify.