Cosmic Trading System

Chapter 81: Chapter 81: Short Selling Tianyu Group

Five hundred kilograms of gold was naturally not a problem in terms of quantity.

Lin Yun had known this because he always carried a lie detector with him. If Hang Lee lied to him, he would spot it right away.

While Hang Lee was not looking, Lin Yun tucked the 500 kilograms of gold into the trading space.

Then, Lin Yun sold the 500 kilograms of gold to Star Blue and got fifty spirit crystals in return.

Star Blue had already told Lin Yun what he intended to use the gold for.

A hundred grams of gold for one energy point was the market price in the Cosmic Trading System.

However, occasionally on the Cosmic Trading System, people would require large quantities of gold and would buy them in bulk. They would sweep from low prices to high prices, and during these times, one energy point for eighty or ninety grams of gold, a high price, could perhaps also be traded. Buying gold from Lin Yun was partly for this reason.

Not just for gold, but for many other resources as well. So, the resources Star Blue purchased from Lin Yun were not limited to gold.

Another reason was that the resources at Star Blue's end had been nearly depleted.

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He was currently manufacturing some products to earn money. Some products might require various kinds of resources. If nobody bought these resources at high prices, he would slowly use up these resources.

Buying low and selling high, slowly consuming unsold goods, these were often the tasks of many Cosmic Trading System masters. After all, many Cosmic Trading System masters had very long lifespans, and the goods were just hanging there. If they sold, it would be a profit.

Lin Yun could see this information on the Cosmic Trading System, so he knew that what Star Blue said was right.

In fact, Star Blue had been taking care of him. Because the price of one energy point for a hundred grams of gold often fluctuated on the Cosmic Trading System. There seemingly were even lower prices. If Star Blue wanted to make a large purchase, he did not necessarily have to buy from him.

Lin Yun wanted to obtain spirit crystals immediately, naturally, he couldn't hang around and sell at a slow pace.

So, selling to Star Blue was the best choice.

Lin Yun had already told Hang Lee to keep buying gold.

When it was no longer easy to buy gold, the price could be increased somewhat.

Hang Lee said, no problem.

The two of them had grown familiar. He didn't even ask Lin Yun for a deposit anymore.

Now, the money Lin Yun had on hand, plus the money from selling power bank distribution rights and advance sales of power banks, in addition to the money from the last sale of jade, had exceeded half a billion.

At this time, the brokers Hang Lee had introduced Lin Yun to arrived.

Five men and one woman, all about thirty years old, each wearing a suit and tie. They looked quite formal.

"What I want you to do next requires absolute confidentiality. Can you manage that?" In a suite, Lin Yun looked at these six people and asked.

"Yes."

"No problem."

The six people agreed in unison.

Their profession was to be brokers; confidentiality was one of their job requirements.

When Hang Lee told them to come over, he had briefly informed them about the situation. They had mentally prepared themselves when they came.

Lin Yun nodded slightly.

The people Hang Lee introduced were quite reliable.

The lie detector indicated that these six people were telling the truth.

However, Lin Yun didn't let his guard down because of this. He took out six contracts and got the six people to sign them.

There were times when one couldn't blame the staff for harboring thoughts. The boss was too confident, placing loopholes in front of them, which seemed like testing their bottom line.

For instance, suppose a person goes to an ATM to withdraw money. They had no intention of taking advantage, but if they withdrew $100 and got $200 instead, wouldn't it be testing their resistance to money? The moment they took the extra $100, they'd be breaking the law. That would be too unjust.

"Do you have any stock accounts you can operate?" Lin Yun asked again.

"Of course. We have both stock and futures accounts that can be operated. As for clean stock accounts that can be used at any time, the six of us together have more than 150. Futures accounts are fewer, with a total of over twenty," the leading man responded cheerfully.

They were in this business and had been doing this for many years, so they had everything prepared.

"That's enough. I temporarily don't need futures accounts, only stock accounts," Lin Yun replied cheerfully.

Since these people had accounts, it saved him a lot of trouble.

You can't use a small number of accounts to operate a stock, or it would attract attention. Once the holding rate of a stock account reached a certain level, it would be published, and each subsequent stock purchase or sale from this account would be very troublesome.

"An hour from now, stay in this suite and operate one stock. Put away all communication tools. You can only operate stocks, read books, and sleep until the operation of this stock is over, which takes about half a month. Your salary is $50,000 plus bonuses for each person. Any questions?" Lin Yun asked.

The suite had five rooms and a large living room, which was enough for the six of them.

"No problem."

The six people nodded.

"Alright, now the six of you can get ready." Lin Yun nodded.

While he was chatting with these six people, the lie detector had not indicated any lies from them, which made him trust the six people even more.

...

At nine-thirty, the stock market officially opened.

"Each of you, with five accounts, start slowly shorting Tianyu Group's stocks!"

Lin Yun issued the order.

"Shorting Tianyu Group's stock?"

The six brokers were surprised. They had some impressions about this stock.

Because, the previous day, Tianyu Group had been the talk of the internet overnight. As a listed company, Tianyu Group's stock naturally attracted the attention of many people in the financial industry.

Many stock investors were predicting that Tianyu Group's stock was going to fall drastically.

However, many professional stock players didn't believe so, because recently, Tianyu Group had been making major movements, spending a lot of money, causing Tianyu Group to borrow a lot of money using its stocks as collateral. Just because of these loans, the top management of Tianyu Group couldn't let the stock price fall too much.

It's very likely that the trend for today was a fall followed by a rise.

Or perhaps, the higher-ups of the Tianyu Group would use a big hand to drastically raise the stock price at the beginning, making people afraid to short Tianyu Group's stocks.

However, drastically raising the stock price from the beginning was a very dangerous move, because the bearish news was already out. If they didn't let the price deflate a little, the increased price would be rather unstable, and might drop dramatically from a certain point on.

At that time, the high-level executives of Tianyu Group, who had initially used up a lot of funds, would easily lose control if their funds were insufficient.

So, today's likely trend was still falling, but when it would rise again was uncertain.

It was mainly dependent on how much money the top management of Tianyu Group had and when they would make their move.

They didn't expect that Lin Yun was dealing with this stock and that he was shorting it.

If Lin Yun was just playing around for a bit, as long as he retreated in time, there was a good chance that he would make money.

But it seemed like Lin Yun would be doing big moves; they couldn't be sure what the result would be.

In any case, Lin Yun was the boss, and they would act according to Lin Yun's orders.