novelones Chapter 407 News of Coal Price Increase
Chapter 407 News of Coal Price Increase
"Hahahaha!"
Ye Fan suddenly burst into a hearty laugh, slapping his thigh hard: "Great! Great! Absolutely perfect! Heaven is on my side! I'm really going to strike it rich! Hahaha!"
This is a completely unexpected and massive windfall! Short sellers are now even more deeply trapped!
Shen Jun and Yang Bin, standing nearby, were utterly astonished! They looked at each other, both seeing the shock and a hint of absurdity in each other's eyes.
"These... these old sixes are really good at hiding! They didn't utter a sound when we were fighting alone, but now that they've seen the meat, they've all come out!" Shen Jun couldn't help but complain.
Yang Bin clicked his tongue in amazement: "And these retail investors, the wind changes faster than turning the pages of a book! They were the ones who dumped the most this morning, and they were the ones who bought the most this afternoon..."
Just now, Ye Fan's side was fighting alone at the limit down price, enduring the frenzied attack of the short sellers.
Now, the situation has completely reversed!
While Ye Fan remained calm and collected, a powerful wave of buying spontaneously gathered in the market, with retail investors and small institutions joining the fray. On the contrary, Cao Yunji's massive short-selling camp was completely isolated and became the target of a hunt!
This scene is full of the dark humor and cruel drama of the capital market!
Inside the villa in Jiangning District, the deathly silence was shattered by the piercing sound of an alarm!
The trader's voice, laced with undisguised panic, tolled like a death knell: "Mr. Zhou! Bosses, everyone!"
He pointed to the constantly flashing red warnings on the screen: "Margin...margin is critically low! The system has been issuing warnings continuously!"
He swallowed hard and said with difficulty the worst possible outcome:
"If the stock price continues to rise like this... very soon! The shares we previously sold through margin trading will be... forced to be liquidated and used to buy them back!"
Forced liquidation!
These four words struck like a heavy hammer, hitting everyone's heart hard!
Zhou Chongzheng and the other bigwigs were pale-faced, exchanging glances, each seeing unfathomable fear and a trace of desperate bewilderment in the other's eyes.
Smash it again?
Where would they get the money?
Having just taken Ye Fan's order and the subsequent "Old Six" order, they've exhausted their last ammunition! Now, let alone a hundred million, they can't even come up with tens of millions!
Even if you have money...
Zhou Chongzheng watched as the stock price on the screen surged like a runaway horse, with increasing volume and a tidal wave of retail investor buying...
Who would dare lend them stocks to short sell at this juncture?
That's not borrowing, that's throwing real money into a fire pit!
The upward momentum is so fierce, so frenzied! Any force that tries to stop it will be instantly crushed by this torrent of greed and fanaticism!
They were completely put on the hot seat!
Despair, like a cold tide, engulfed the entire villa.
All that remained were the constantly flashing red alerts on the traders' screens, like the electrocardiogram of a dying person, emitting a final, faint, and urgent lament.
The sunlight outside the window was still bright, but it couldn't penetrate this prison frozen by the capitalist winter.
Zhou Chongzheng and others were on tenterhooks—
Boom!
A real, official "deep-water bomb" was dropped into the already boiling stock market without warning!
Authorities urgently issued a press release:
"Affected by a sudden strong cold front, many provinces in northern my country have experienced a historic cold wave ahead of schedule! Temperatures have plummeted in many areas, leading to a surge in heating demand and a tightening of coal supply! After coordination, it has been decided to raise the benchmark price of residential heating coal by RMB 170 per ton, effective immediately!"
170 yuan!
This number is like a red-hot branding iron, searing the retina of all those who are watching!
At this time in 2014, the general price of coal for winter heating in northern regions was only around 500 yuan per ton!
This single move caused the price to jump by 170 yuan, a staggering increase of 34%!
This is no longer just market fluctuation, but a major policy adjustment that is enough to change the industry landscape and directly affect people's livelihoods!
The news caused an immediate uproar in the stock market! It was like pouring a bucket of ice water into a boiling oil pan!
"Coal! Coal stocks!!"
"This is insane! Heating coal prices have risen by 34%!!"
"Hurry and buy coal stocks! The leading stock is Shenmu Coal!!"
"All coal stocks are going to soar!!"
Panic buying instantly turned into a frenzied feast!
Funds poured in like a flood, rushing wildly towards all stocks even remotely related to "coal"!
Shenmu Coal, as the undisputed industry leader and the absolute focus today, saw its stock price instantly locked at the daily limit by a tsunami of buying orders! The volume of buy orders reached millions of lots!
Another coal stock that Ye Fan had invested in, originally assigned to Yang Bin, followed the lead of the leading stock and its intraday chart rose almost vertically, also hitting the daily limit!
Other second- and third-tier coal stocks, and even companies whose names contain "coal" or whose businesses are related to it, all surged!
The entire coal sector index soared like a rocket, with many stocks being pushed to their daily limit by a surge of buying in the final moments before the market closed! The entire sector was dazzlingly red!
Hongdou Building, fourth floor, trading room.
Deathly silence!
On the screen, the K-line chart of Shenmu Coal was completely sealed by a straight horizontal line representing the limit up in the last few minutes before the market closed!
That bright red limit-up price, like a victory flag, proclaimed the final outcome of this battle.
Shen Jun and Yang Bin, the two traders who had been on edge all day, were now frozen in place.
Their eyes widened, their mouths agape, staring intently at the unmoving limit-up price, their minds blank.
The rebound by retail investors and small institutions was already impressive enough, but the overwhelming surge of limit-up stocks brought about by the official news completely exceeded their expectations!
After a few seconds of absolute silence—
"Holy crap—!!! It hit the daily limit!!!" Shen Jun suddenly jumped up from his chair as if he had been electrocuted! He waved his fists, his face flushed with excitement, and the veins on his neck bulged!
"It's sealed off! It's sealed off! Boss! You're amazing! You're truly amazing!!!" Yang Bin was so excited that he was incoherent, pounding the table and looking at Ye Fan with eyes full of fanatical worship!
In their eyes, Ye Fan was no longer a human, but a god who could foresee the future and control the universe!
From the precise bottom-fishing to the shocking 700,000 lots of buy orders, and then to this "just right" official positive news that arrived at the decisive moment, every step was as precise as a scalpel!
Looking at the dazzling red line of the limit-up on the screen, Ye Fan's face revealed a genuine smile filled with immense joy.
He anticipated the collapse of the short sellers and even predicted a possible rebound, but this sudden major positive news from the government, combined with the combined efforts of retail investors and small institutions, pushed the profit margin to its limit!