Sure enough, the situation was as little Kerkorian had guessed. 15 minutes before the market opened today, a large amount of buying orders appeared on Wynn Resorts Group's stock price. The transaction price was US$0.5 more than yesterday's closing price, and the transaction volume was even more astonishing.
.
"Lin, did you see anything?" Little Kerkorian asked immediately after seeing the information displayed on the screen.
The probability that Stephen successfully found reinforcements is...
100%!
"It seems that reinforcements have arrived. The connections of the father of our gambling city cannot be underestimated."
Lin Chen sneered.
Yesterday afternoon, the Wynn Group's buyback plan had already encountered setbacks because Sands Group's funds also joined in suppressing the Wynn Group's share price.
Their money simply cannot cope with the joint suppression of the two companies at the same time.
Stephen Wynn knows this very well, so he tried to persuade Sheldon to side with him yesterday, but he failed.
But Stephen's connections are not just in Las Vegas, he also has friends on Wall Street.
These anomalies in the market right now are the large-scale position building behavior that Stephen's rescue funds started before the market opened in order to increase the stock price.
To be honest, when it comes to understanding and vision of the stock market, Lin Chen is not even as good as Kerkorian, but with his ability, Lin Chen has roughly figured out all the plans of Stephen and his group.
"How can it be so easy to restore the stock price?" Lin Chen sneered and told young Kerkorian: "Let our people be prepared to exit the position as soon as the market opens! Keep fighting for me!"
Soon, the stock market opened.
Then in the pre-market trading before the market opened, Stephen and the helpers he hired from Wall Street pulled out a small positive line in an instant, but soon, the stock price that had just risen was suppressed by Lin Chen and others.
"Fxck! This yellow-skinned monkey! Does he really think he can keep our stock price down?"
In the operating room of Wynn Resorts Group, Stephen, whose eyes were still bloodshot, cursed loudly.
Last night, he flew to New York overnight and finally persuaded the managers of several investment banks to raise new funds. For this, he also paid a considerable price.
Wall Street vampires, even if they have connections, money is not that easy to borrow!
Stephen also pledged a lot of his shares to convince the other party.
And after that, he flew back almost immediately and has hardly had a good night's sleep until now.
All this is to withstand Lin Chen's offensive today.
"Go! Contact Mr. Ford from Goldman Sachs and Mr. Kidd from Merrill Lynch immediately and tell them that you can enter! In addition, we can also enter! You must resist me! You must not lose to that yellow-skinned monkey!"
Soon, as several phone calls were made, various funds that Stephen contacted began to enter the market one after another.
In order to counter Lin Chen's offensive, Stephen raised nearly 3 billion US dollars again last night. Although this amount of money is not too much, he estimates that it should be enough.
Because right now, Lin Chen is fighting on two fronts!
On the night of local time in Las Vegas, as far away as Hong Kong Island in China, Stephen's Wynn Tai O Group was also attacked.
The stock market on Hong Kong Island is the same as the U.S. stock market, with no restrictions. As a result, the stock price fell sharply and only recovered a little until the close. However, Wynn Tai O's shares still fell below 20% as a result.
Stephen knew very well that Lin Chen should be the one who attacked Wynn Tai O.
But in this case, it is questionable how much money Lin Chen can still have in his hands.
The market value of Wynn Tai O is lower than that of Wynn Resorts, but it is worth at least HK$80 billion. If Lin Chen wants to attack both sides at the same time, does he still have enough funds?
Stephen would soon know whether Lin Chen had enough funds.
Next, the two forces, short-sellers and long-sellers, started a fierce fight in the stock market. What shocked Stephen was that Lin Chen, who was clearly supposed to be fighting on two fronts, actually didn't lose at all for a while.
This shocked him greatly.
Because according to their calculations in advance, MGM Group and Sands Group should not have much money anymore. Three billion US dollars can almost increase today's stock prices.
But until now, the other party's funds have not shown a tendency to be insufficient.
Stephen couldn't help but wonder, could it be that that boy, like him, had found new helpers outside?
He is just a Chinese and a gambler! How did he get to know so many rich people?
At this time, seeing that the share price of Wynn Resorts has been trading sideways, some retail investors who had initially gained some confidence due to the high opening of the stock price finally lost their confidence.
Especially at this time, the experiences of Wynn Tai O Group in Hong Kong have also reached the ears of ordinary investors.
After knowing that even Wynn Tai O's share price had been sniped, some retail investors thought of how many financial media were not optimistic about Wynn Group last night, and finally decided to sell temporarily to avoid risks.
The operations of some small traders cannot affect the overall situation, but the small traders accumulate a small amount and gradually begin to affect the long-short battle that was originally evenly matched.
"Chairman, many retail investors outside are following the trend and selling! We have already spent one billion of the three billion you raised, what should we do?"
"What should we do? What else can we do now?" Stephen gritted his teeth and said: "Continue to lift me, and you must hold on! That kid is also doing something in Tai O, and his money can't do it!"
To attack Wynn Group's Hong Kong and U.S. stocks at the same time, the amount of funds required is simply huge. Unless it raises funds from a securities company, it is absolutely impossible for the other party to have so much money.
But when Stephen went to Wall Street yesterday, he had already been specifically inquired about. Neither Sands Group nor MGM Group had any news of financing from securities companies recently, so Stephen firmly believed that as long as he continued to persist, the other party would definitely support him first.
Can't stop!
Sure enough, when the time went into the afternoon, there were fewer and fewer empty orders in the market, and the stock price began to rise.
"Hahaha! We won! I knew their money would not be able to support it! We won this battle!"
Seeing that after a long tug-of-war, the stock price finally began to stop its downward trend and began to rebound, Stephen screamed excitedly.
In the end, when the stock market closed, although the stock price was still down 7% from yesterday's close, the drop was less than 10%, which made Stephen excitedly open a bottle of champagne and raise a glass to the traders who had been working hard all day.
"Well done, everyone! We have taught that boy a good lesson today, and we will continue to work hard tomorrow to bring the stock price back! After that, I will give each of you a bonus!"
"Thank you Mr. Stephen!"
The situation in the stock market made Stephen think he was about to win.
However, what he didn't know was that at the same time that the stock market closed today, Lin Chen and little Kerkorian came to the motel's telephone conference room.
"Lin Chen, they are already waiting on the phone, and the translators over there are in place. You can start." Little Kerkorian said.
Lin Chen nodded. He sat in front of a microphone and said, "Thank you for your willingness to participate in this meeting. Before we get down to the topic, let me remind you that Wynn Group's casino has been unable to operate for more than two days!"