Cosmic Trading System

Chapter 103: Chapter 103: Not Enough Money to Spend

Soon, another week had passed.

Those procurement personnel once again purchased five hundred million in various resources for Lin Yun, allowing him to exchange them for one hundred and fifty spirit crystals.

Only gold was slightly more cost-effective, with two hundred and seventy million worth of gold exchanged for one hundred spirit crystals.

Other resources were less so, with two hundred and thirty million in resources exchanged for just fifty spirit crystals.

At that moment, Lin Yun deeply felt the pinch of his finances.

In less than ten days, he had spent eight hundred million Huaxia Currency on purchasing various resources.

This nearly exhausted the money Hang Lee had transferred to him last time.

When added to the money spent on gold purchases previously, Lin Yun's expenditure on various resources amounted to over one billion in total.

Luckily, a few days earlier, Lee's Jewelry Store had once again sold several exquisite top-tier trinkets, and Hang Lee had again transferred three hundred million to him.

With the profits from Qingyun Restaurant and Qingyun Hotel, the sales revenue from the Qingyun portable chargers, and the money he originally had on hand, Lin Yun still had just over five hundred million left.

However, according to the procurement personnel, as long as there was sufficient money, purchasing various resources wouldn't be too difficult.

Five hundred million, if spent recklessly, would be used up in just a few days.

The money was truly insufficient.

However, the funds were well spent.

Lin Yun once again spent one hundred spirit crystals to extend the radius of the Cosmic Trading System's ability to absorb and refine spiritual energy to three hundred meters.

At that point, during the day, the Cosmic Trading System could gain approximately fifteen spirit energy points per hour. Over a day, the spirit crystals that Lin Yun could obtain would approach two in number.

Most importantly, because of the increased range, the amount of spirit energy points Lin Yun could procure at night also increased. Now, Lin Yun could obtain around seventy energy points per night.

With both day and night combined, Lin Yun could obtain over two hundred and sixty spirit energy points, which equaled two and a half spirit crystals and a bit more.

This was a terrifying figure.

At that moment, Lin Yun's speed at converting spirit crystals using the Cosmic Trading System had already surpassed Star Blue by a considerable margin.

Lin Yun still had seventy spirit crystals at that point.

With just thirty more, he could once again extend the Cosmic Trading System's radius for absorbing and refining spiritual energy by another hundred meters.

Tianyu Group's main business was the manufacturing of electronic products.

In layman's terms, it was a large processing plant.

This kind of processing plant's business was highly important.

Loss of business would cause a significant devaluation.

These days, bad news about Tianyu Group was continually being posted on the front pages of all major portals.

Tianyu Group's stock was falling daily, without exception. The current stock price was only a quarter of what it had been.

Of course, the market value of Tianyu Group was also only a quarter of what it used to be.

Previously, Tianyu Group had a market value of over thirteen billion, now it was only slightly over three billion.

Given that the overall market fluctuation was normal, such a significant and rapid devaluation was terrifying, a rarity in the Huaxia stock market.

This outcome could be largely attributed to Tianyu Group using a large amount of its stocks as collateral against loans. When the stock price fell to a certain level, these stocks were dumped by all the major banks, and some smaller funds trying to buy at the bottom were squashed without causing a single ripple.

Many stock market professionals found it strange that even with this stock falling to such levels, there were no large funds manipulating the stock.

Shouldn't there at least be a ripple from the shareholders trying to save themselves?

Only Lin Yun might have had an inkling as to the reason behind this.

Some large funds needed to thoroughly investigate a stock before operation.

Tianyu Group's stock was clearly being suppressed and operating this stock would require even more thorough investigation, to avoid clashing with someone else or falling into a trap.

Likewise, a lot of the large funds, just like the supervisors from the China Securities Regulatory Commission, discovered one thing: the person that was suppressing this stock was seemingly very adept at information dissemination.

In the Huaxia stock market, there weren't many secrets between the large funds. However, they also had many secrets, making use of various kinds of information to do various things, while also fearing exposure of said information. When they discovered this, they immediately dropped their operation on Tianyu Group's stock.

Given the number of stocks in the Huaxia market, they didn't need to insist on this one.

As for the shareholders of Tianyu Group, its major shareholder, Zhang Zhongguo, was crippled from the start, and many other shareholders ran away. As for the remaining small shareholders, who would dare to takeover?

If you dare, the reality will force you into a pit from which you can't crawl out.

Thus, the shares of Tianyu Group kept falling until now.

Zhang Zhongguo was completely haggard.

The market value of Tianyu Group was only left with over three billion. A few days ago, he manipulated the shares of Tianyu Group, spending a huge amount of capital. According to the value of his shares, he was already insolvent, let alone the fact that a while ago, Tianyu Group had used a lot of its shares as collateral for loans, and there were many debts.

He was utterly ruined.

Currently, there were people outside his mansion every day asking for money.

He couldn't even find a way to escape.

No, he no longer owned that mansion. The bank had already notified him that they were preparing to seize it.

"Almost there…" Lin Yun quietly said as he looked at the stock price of Tianyu Group on his computer.

Today was Tuesday, and the stock market was open.

He phoned the traders to start purchasing the shares of Tianyu Group on a large scale without restrictions.

Those traders were completely impressed by Lin Yun.

Since Lin Yun began short selling, the stock price of Tianyu Group had continuously fallen to a quarter of its original price, which was an incredible scene.

They had only done this in the morning of the first day and had been idle for many days since then.

Upon hearing Lin Yun's command, they didn't hesitate to start buying shares of Tianyu Group.

They were buying shares simultaneously on the block trading platform and the secondary market.

At that moment, on the block trading platform, there were many sell orders of Tianyu Group's shares that had been pending for days.

Many of the prices were even much lower than the current stock price.

Some small funds, whose sources of information weren't very good, originally intended to bottom fish or enter and exit quickly. Even if someone was manipulating Tianyu Group's stock, they planned to bite a big chunk out of this stock.

However, what they didn't expect was that once they entered, they couldn't get out.

The falling share price of Tianyu Group had worn them out.

Now, they just wanted to get out, even if it meant losing some money.

The several traders hired by Lin Yun began to sweep these orders on a large scale.

In less than ten seconds, all these orders disappeared.

Then they started to place one large buying order after another in the secondary market. This is where retail investors usually trade stocks, and the stock price fluctuates at any time.

There were a total of two to three million shares on hold at the limit down price.

At this moment, this number began to decrease rapidly.

On the internet, the forum for Tianyu Group's shares exploded once again.

"Damn, someone finally started buying in bulk!"

"Really in bulk, I just found out that all the orders on the block trading are gone!"

"Has big capital finally started to manipulate this stock? Buy quickly, wait for the price limit up later!"

"Serious oversold reactions, a super rebound is coming up next, it's a good opportunity, start buying!"

"The price has fallen almost enough, it's time to step in part of the position!"

"Hurry up and withdraw the order! It will definitely rise later!"

"This time, it might not necessarily be able to pull up. Look at the lessons from the previous periods, this might be a trap too, once you enter, you can't get out!"

"Don't worry, if a real counterattack is launched, it is generally not on the day the limit up is opened. Let's wait and see in a couple of days!"

Many retail investors reacted differently.

Many retail investors were blindly buying shares, and those who wanted to cancel their sell orders did so.

Also, many retail investors were very calm, patiently waiting for the opportunity.