But I didn't expect that the stock price actually fell so much, falling from 5.44 to 3.00.

It's simply incredible.

Obviously, some financial institutions specifically shorted Galaxy Entertainment Group today!

But it's just 100 million shares, which doesn't cost much. They don't care at all. Anyway, they're still profitable after selling.

Because Galaxy Entertainment Group bought these 100 million shares a long time ago.

It was 2004, and UBS bought it at 0.6 yuan per share, but it only cost HK$60 million.

Four years later, the closing price was at 4.2 and earned HK$3.6 per share.

One hundred million shares made HK$360 million, and a total of HK$420 million were earned.

This 420 million Hong Kong dollars is nothing, it is just that they have to mobilize a small part of the 20 billion Hong Kong dollars in funds.

Caroline Frank said one after another: "In the afternoon, all CCB, Penguin Group, China Resources Beer, and Sinopec will be cleared."

China Construction Bank, Penguin Group is the big one.

Fortunately, there are many institutions that buy, and they are selling, but many institutions are taking over, especially Penguin Group and China Construction Bank stocks, and many institutions are taking over.

Of course this is the best, after the afternoon, they will clear it.

"Yes, President" everyone was a little sleepy because they didn't sleep much last night.

At this moment, everyone was cheering in the headquarters of Blackshirt Insurance Company and the president's office.

"Boss, the stock price of this Galaxy Entertainment Group has plummeted. The Lu family has no money, haha!" Huang Shao smiled very happily.

"This time, the stock price of Galaxy Entertainment Group collapsed under the sale of UBS Group," Bai Weiqiang said gloatingly.

"Yesterday's Galaxy Entertainment Group's stock price was strong, haha, it's going to fall into a dog today." Wang Juehao looked at the stock price trend chart of Galaxy Entertainment Group with a giggle.

Zhang Youde smiled and said, "The value of the Lü family has shrunk significantly, and it is simply a heavy loss."

Wu Zhankun also said, "Yes, it's so miserable that it can't be miserable. Today, their stock price loss is as high as HK$7 billion."

Wang Guanxi also smiled and said, "Yesterday, the Lu family was so cruel, so I must have cried like a dog today."

Then everyone laughed loudly, laughing very proudly.

Blackshirt Insurance Company now holds 400 million short orders, with a position building at 5.50.

The stock price has fallen to 3.00, with a floating profit of 2.5 yuan per share, and 400 million shares are a floating profit of 1 billion Hong Kong dollars.

Of course, this is just a floating profit in the account. If the position is closed, the stock price will rise sharply.

At this moment, Hong Tianwen, watching Galaxy Entertainment Group's stock price plummeted by 44.8% this morning, which was incredible.

The Lu family suffered heavy losses!

Damn it!

I can't imagine it anymore.

Yesterday, the Lu family fought with the Blackshirt Insurance Company, and it consumed HK$3.2 billion. Now it's fine.

It's finished!

I don't know how much money I lost this morning.

Hong Tianwen helped Lu Yinhe calculate, and it is estimated that it exceeds HK$7.5 billion.

"Luckily, I didn't borrow HK$1 billion to Lu Yinhe yesterday."

Thinking of this, Hong Tianwen suddenly felt very lucky. Moreover, this time he borrowed 500 million Hong Kong dollars to the Lü family, which was also the Lü family who mortgaged the villa.

At this moment, Lehman Brothers Bank, the company's president, slept all night, and before selling US stocks, then began to sell RBEN and Singapore stocks in Asia.

In the afternoon session of Asian time, it is time to sell Hong Kong's stock market.

Ford said: "Eliminate all the shares of HSBC, Standard Chartered Bank, ICBC and Galaxy Entertainment Group."

At this time, the assistant said: "President, UBS Group has cleared the stock of Galaxy Entertainment Group before, causing the stock price to plummet by 44.8%. Do we still need to clear 400 million Galaxy Entertainment stocks?"

After glanced at the stock price of Galaxy Entertainment Group, Ford spoke: "Clear, cash is the most important now."

They also bought 400 million shares at 0.6 yuan per share in 2004, and they still made money. They cleared their positions, and it was okay.

Not much money, either.

That's insignificant for the Lehman Brothers, who need $40 billion.

In addition, the news also reported that the Lu family was in debt of HK$5 billion and was insolvent.

Whether this tm is true or not, Lehman Brothers is already insolvent.

He was afraid that the Lü family would sell the shares of Galaxy Entertainment Group, so that Lehman Brothers would have no choice but to sell them. Now Lehman Brothers is selling their assets to pay off their debts.

“Yes, President”

The market will open soon in the afternoon.

Lehman Brothers began selling stocks in the Hong Kong stock market.

HSBC, Standard Chartered Bank, ICBC, and Galaxy Entertainment Group are all falling.

HSBC, Standard Chartered Bank, and ICBC are all fine, with a large market value, large equity capital, and large trading volume, so the stock price will not fall so badly.

But Galaxy Entertainment Group is different.

Under the sale of Lehman Brothers, the stock price fell sharply, and in the 1-minute trend chart, it was like a waterfall, plummeting thousands of miles!

It soon fell to 2.00!

The market value of Bank Entertainment Group is still HK$8.6 billion left, and the losses of the Lü family continue to increase. With 60% of the shares, HK$5.16 billion left. Today, their stocks worth HK$16 billion are still HK$5.16 billion left, with losses exceeding HK$10.8 billion!

Lu Yinhe almost fainted!

There is nothing we can do!

It was like a rope twisted around his neck, and he couldn't breathe.

The body couldn't stop leaning back!

"Dad!!" Lu Qihui hurriedly helped him to the sofa chair.

"I'm fine." Lu Hang breathed, sweating all over his forehead.

And in the conference room of Blackshirt Insurance Company, everyone was having a party!

"Boss, the stock price plummeted!"

"Haha, the stock price is still plummeting!"

"Galaxy Entertainment Group is over"

"The Lü family suffered a lot of losses."

··

Now the Black Shirt Insurance Company has made a profit of HK$1.4 billion on its books. Wang Guanxi said: "Prepare to close the position!"

“Yes, boss”

Lehman Brothers is still selling stocks of Galaxy Entertainment Group!

It soon fell to 1.50, and Wang Guanxi shouted: "Start close the position and close the position. Don't hesitate, don't give anyone the chance to buy at the bottom, close it!"

The stock price is very low now, and it is not yet time for the financial tsunami to come. There must be institutions buying at the bottom of Galaxy Entertainment Group's stocks, so Blackshirt Insurance Company cannot hesitate and close the position immediately!

Now there are many selling orders in the market, and many retail investors have knelt down, closing their positions and selling stocks.

"Yes, boss" then the traders began to close positions frantically.

5 million shares!

5 million shares!

5 million shares!

··

Black shirt insurance companies are short positions, and closing short positions is equivalent to buying!

This caused Galaxy Entertainment Group's stock price to turn around and rise, rising from the 1.50 position to the 3.10 position, and then stopped closing the position.

Soon Lehman Brothers continued to increase closing positions.

The stock price plummeted from the 3.10 position.

Retail investors are like riding a roller coaster, and they bought everything they had lost money before, and they cursed wildly.

When the stock price fell to 1.50, the black shirt insurance company continued to close its position.

The stock price has been lifted to 3.10 again.

Then Lehman Brothers sold again, causing the stock price to fall to 2.20, and the 400 million shares of Lehman Brothers were cleared.

However, the stock price continued to fall and soon fell to 2.00. The black shirt insurance company continued to close its positions, and then the stock price rose all the way!

During this period, Goldman Sachs continued to short, but their selling orders were eaten by Blackshirt Insurance Company.
To be continued...