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Chapter 310: 137, Lin Mo shocks the New York Stock Exchange! The greatest trader!_1
Chapter 310: 137, Lin Mo shocks the New York Stock Exchange! The greatest trader!_1
Chapter 310: 137, Lin Mo shocks the New York Stock Exchange! The greatest trader!_1
[GameStop GME, NLS Basic Market Info, New York Stock Exchange]
[Opening today: $17.365, High: $17.410, Volume: 3.2596 million shares, Previous close: $16.970, Low: $16.820, Turnover: $78.53 million, Turnover rate: 1.01%, P/E (TTM) Loss, Total market value: $5.304 billion]
[Real-time price: $18.42]
….
After Lin Mo purchased $20 million of GameStop shares, the turnover of GameStop’s stock rose from the original $52.88 million to $78.53 million, but the real-time stock price did not change much.
The reason is simple,
While a large number of retail investors were buying, the major players in the market were selling in large quantities, and the volume of sales was greater than that of purchases, which meant the price would not fluctuate too much.
Only when the market’s buying volume far exceeds the selling volume will there be an upward trend.
Though Lin Mo threw in $20 million all at once, in the face of GameStop’s market value of $5.304 billion, that amount of money was still quite insignificant and failed to make much of a splash.
Furthermore, although the stock price seemed to have risen by $3, it actually had little to do with Lin Mo, since the precondition for his profit was to sell these shares.
If no one buys them later, the stock price will quickly adjust back.
Stocks are like that, one could understand them as a game of hot potato, where getting the potato is only the first step; the key is to pass it on to the next person.
Nonetheless, such a large transaction did attract the attention of many investors.
“OMG, my God, what is this person doing?”
“Damn it, why would someone buy stocks that are obviously being short-sold? Could it be they think their funds are very strong?”
“Over twenty million dollars, with his brain, how could he possibly make so much money?”
“With that much money, wouldn’t it be better to find a few bunny girls?”
“Or find some handsome guys, what’s the point of wasting it here? Incomprehensible!”
The surrounding people were all chattering about the recent transaction, talking about everything under the sun.
Li Jinwen frowned slightly and asked, “Honey, do you want me to translate for you?”
“No need, I can guess what they’re saying.” Lin Mo waved his hand indifferently and said with a carefree smile, “Ask the trader if there’s a quieter private room. It’s too noisy here.”
Li Jinwen nodded and conveyed Lin Mo’s request to the trader.
The trader, although still immersed in the shock of the recent event, quickly regained her composure and said, “Please follow me.”
Lin Mo and Li Jinwen followed the trader into an adjacent VIP room.
The room was not large and was simply furnished, with a seemingly expensive leather sofa and a large screen for monitoring real-time stock information.
The trader politely asked, “Sir, Madam, what would you like to drink?”
Although the trader thought that Lin Mo’s $20 million would soon be lost, her commission wouldn’t be less, so she was still very polite to the couple.
Moreover, anyone who could casually spend $20 million for sentiment was not someone she could afford to provoke.
After listening to his wife’s translation, Lin Mo took out $100 from his pocket and handed it to her: “This is your tip. Please bring two cups of hot water, and wait outside. I might need you to come in and trade at any moment.”
“Yes, sir, thank you for your generosity.” The trader took the tip and walked out respectfully.
After the trader left, Lin Mo and Li Jinwen sat on the sofa, looking at the real-time fluctuating stock curve in front of them.
Li Jinwen asked, “Honey, will this stock really go up? I feel… it seems a bit unreliable. Look, it’s all green.”
Li Jinwen previously had no clue about stocks.
But knowing that Lin Mo was going to be involved in the stock market, she had also crammed some basics in the past few days.
Seeing the screen full of green, her heart felt cold.
“Don’t worry, trust Tai’s judgment. Just wait and see.” Lin Mo took his phone and started searching for top-rated New York hotels, smiling as he said, “Instead of worrying about stocks, think about where we’ll have a candlelit dinner tonight.”
“It would be a pity to miss out on a rare romantic opportunity.”
Li Jinwen nodded and sat next to Lin Mo, but she was still somewhat distracted.
After all, that was $20 million, enough for their family to live comfortably for several generations. It would be such a waste if it were lost just like that.
….
Meanwhile.
New York, Wall Street.
Melvin Capital headquarters, CEO’s office.
Knock… knock…
A middle-aged man, dressed in a sharp suit with a serious expression, knocked on the door of the CEO’s office.
His name was Levan Tony, and he was a business manager at Melvin Capital.
“Come in.” A cold female voice came from inside the door.
The door was pushed open.
The room was large, with one wall consisting of three to four-meter-high tempered glass that offered a panoramic view of Wall Street. In addition to this, there was a very large desk, as well as various antiques from different countries.
Sitting behind the desk was a woman in her 30s with a strong aura of confidence and calmness, the CEO.
She was Carl Icahn, the CEO of Melvin Capital.
Levan Tony stepped up to the desk and handed over a document respectfully, saying in a humble tone, “CEO, three minutes ago, someone spent $20 million to buy GameStop shares. We do not yet know which consortium the buyer belongs to.”
Oh?