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Extraordinary Genius Chapter 712

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Extraordinary GeniusChapter 712 – Some laughs, other cries (Part 2 of 2)



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It was night time in Tokyo and Hong Kong, and it was morningin the US. The US stock market opens for trading.


Yesterday, after the electronics companies’ shares plunged,they rise slightly before the market close. But when the market opens today,the share prices continued to drop. It was hard to control panic selling.


The US investors, who had bought the shares of thesecompanies, also started to dump their shares. But they were too late yesterdayand did not manage to sell off their shares before the market closes. So, whenthe market opens today, they started to dump the shares. They wanted to stop asmuch losses as possible. But if they had bought these shares two weeks ago,then they will not suffer losses.


The companies were trying their best to stabilize theirshares and start to pump a large amount of fund to push up their share prices.Some speculators and individual investors also enter the market. They wanted tobuy in these shares at low prices and hope to make a killing. Even j.a.pan’sGovernment also partic.i.p.ates in helping pull up those share prices. But at thistime, those chemical companies’ shares also start to plunge.


It was precisely the same as yesterday. A large volume ofshares was dumped, and there were no warning signs.


At first, many people were celebrating. These companies’shares have potential, and many had been waiting for the opportunity to ownthem. Now, a large volume of shares was available in the market, and all ofthem rushed to buy them.


But they soon realize that these share prices start toplunge. It was even faster than yesterday. Everyone was confused by thisphenomenon.


Even Warren Buffet was confused. Why so many people weredumping these companies’ shares? Was this related to those electroniccompanies’ shares yesterday?


After some investigations, he found out that the onesdumping those shares were all from Hong Kong and Macau. These were the samepeople as yesterday?


To claim these people had manipulated the market, it was notpossible. The share prices of these companies had raised was because of thecompanies’ shareholders. This group of people had only bought the shares andthen did nothing!


Warren Buffett frowned. These people knew that the shares ofthese companies will rise and then bought the share together? But why did theydump the shares all at once? Shouldn’t they dump their shares bit by bit? Thatshould be the right way, and the share prices can still be stabilized, and theywould make more profits.


Their profits will be lesser when they dumped a large volumeof shares at once. Unless they did this on purpose. But what’s in it for them?Were they going to buy back those shares? But that will be flagged asmanipulating the market!


But Warren Buffett did not know that it was not becausethese people wanted the share prices to plummet. It was because these people donot understand the market well. They just wanted to cash out quickly. Anyway,they had made enough. As long as the shares were sold, they would make profits.


Although their brokers had told them this was not the rightway, these people did not listen to them. They only know that whoever thatdumped their shares first would make the most profits!


When Feng Yu heard of the situation, he was also speechless.He still had to lead these people to fight against foreign speculators inanother 2 years. If these people ran away at crucial moments, then he and theFu Family will be trapped in the market.


Feng Yu did not hear any stories about these people beingshortsighted in his previous life. Was it because the Chinese Governmentinjected a large amount into the market?


Fu Rongqi knew that it was impossible to control thesepeople, and this was why he told Feng Yu to dump his shares as fast aspossible. But he did not expect those people to be faster than them.


Those people made more than the Fu Family and Feng Yu. ButFeng Yu couldn’t care less. This might increase the trust of these people, andthey might follow instructions in the future.


All of them had helped to raise the prices of those shares.If it weren’t for them partic.i.p.ating in this operation, those shares priceswould have dropped even further.


But this was also a good thing. Those j.a.panese companieswill suffer another blow. This was also what Feng Yu wanted. The previous crashhad caused heavy losses to those companies and affected the whole j.a.paneseeconomy.


The same thing happened again, and j.a.pan’s economy sufferedanother blow. Although this was not as severe as a few years back, somecompanies will inevitably be bankrupted. Maybe it might trigger a round ofsuicides.


There was statics that shows the j.a.panese had the highestsuicide rates, and the numbers were increasing yearly.


Those companies will be using most of their funds tostabilize their shares and will not have extra funds for their R&D. Thiswas good for Wind and Rain Electronics developments.


Just from this alone, Feng Yu did not suffer any losses. Thereturns from being more advanced in the consumer electronics industry werehigh.


When the market close, those chemical companies’ shares hadplunged a lot, and it attracted the regulatory bodies in the US. After someinvestigations, they realized that this was a joint operation.


But what they were doing was not manipulating those shares.Those few who dumped their shares first were selling their shares for the sakeof selling them. They were not trying to maximize their profits.


But why were these investors doing this? There were noissues with those companies.


The US authorities soon found out that these investors wereall from Hong Kong and Macau. Could it be that those tyc.o.o.ns cooperated? HongKong had the highest proportions of Tyc.o.o.ns in the whole world.


A few days later, Feng Yu and the Fu Family sold theremaining shares of those companies. Fu Rongqi then invested his money backinto the Forex market, and Feng Yu continues with his acquisition of Microsoftand other technology companies’ shares.


Feng Yu’s thumb of rule now was, if there is nothing to buy,then just buy Microsoft.Anyway,Microsoft will be flying high these few years. He could make money even withhis eyes close.


……


The j.a.panese companies’ shares dropped more than 20%. Atleast the decline of their shares had stopped, and they were relieved. WarrenBuffett did not dump his shares. He was used to long term investing, and heknew these shares will ultimately rise again.


Many investors saw Warren Buffett holding on to the sharesof those companies and regained confidence. They also stop selling theirshares. Some even make use of the opportunity to buy in more shares.


It was these people that helped Feng Yu and the rest exitthe market. Feng Yu did not even need to do anything. They should really thankWarren Buffett.


Those j.a.panese companies should also thank Warren Buffett.If he did not hold on to their shares and helped regained the investors’confidence, the shares would drop further!


The Fu Family made the most profit in this investment,followed by Feng Yu. But if they were to calculate based on individuals, FengYu had earned the most. Many tyc.o.o.ns thought they had made high returns. Butcompared to Feng Yu, they were dar behind/


Kirilenko, who was in Moscow called Feng Yu to thank him. Hehad also invested a considerable amount in this operation and made a killing…….




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