Chapter 896 Counterattack
Financial warfare could be described as both straightforward and challenging.
The simplicityy in the fact that if the initiating party held the advantage of taking the first move and
possessed substantial financial resources, there was little possibility of failure for them in the
financial warfare.
After all, by consistently pouring money in to drive up the stock price, as long as individual investors
were willing to follow suit, the market price would remain above the average level.
In other words, the withdrawing party would always make a profit, but the higher they elevated the
price, the more severe the subsequent fall would be. As for the target of the financial attack, the
consequences would be even more devastating.
The target price set for the Downey family''s financial attack was hundred and fifty.
The majority of the individual stockholders would be unable to keep up with the Downey family
when the Downey family abruptly withdrew at that price. The individual stockholders failed to be as
synchronized as the Downey family, so Dragon Fide Corporation''s market value rapidly declined.
Yet, what surprised the Downey family was how the stock prices stopped increasing after the price
arrived at a hundred and forty-nine and a half.
N?vel(D)rama.Org''s content.
This strange scenario resembled a surging wave that suddenly halted at a certain point, no longer
continuing its ascent.
A sense of foreboding rose within Wilfred.
Could someone be mass selling the stocks now?
Just as that thought emerged in Wilfred''s head, Dragon Fide Corporation''s stock prices began
plummeting.
Serena, who was in charge of the financial attack, panicked.
“Sir, the stock prices have dropped until a hundred and forty. Do we continue, or do we sell the
stocks?”
Continuing meant continuously pouring money into their n to rapidly drive the stock price back up
within a short timeframe to restore confidence in individual stockholders and entice them to continue
purchasing the stocks.
On the other hand, if they were to sell the stocks, they would be giving up on their target price and
only gaining a marginal profit.
Yet, Wilfred had meticulously prepared this for a long time, coborating with the Ten Prestigious
Families tounch a substantial attack on Dragon Fide Corporation. If he were to only make a
marginal profit and withdraw, how could he face the rest of the Ten Prestigious Families in the
future?
“We''ll continue!”
Wilfred clenched his teeth and dered, “I refuse to believe that Dragon Fide Corporation can
withdraw such a substantial amount of capital in such a short time. This stock price isn''t even a big
deal! I will invest as much as possible. Push the price even higher!”
With Wilfred''s directive, Serena swiftly took action and invested all the remaining funds she had into
the market.
The downward momentum of Dragon Fide Corporation''s stock price stabilized, but there was no
immediate rebound in the overall price.
Observing this, Wilfred grew increasingly anxious.
The individual investors were not naive either. With their past experiences, they could discern that
significant yers were engaged in a power struggle behind the scenes when they witnessed the
stock price fluctuating drastically before stabilizing at a particr level.
In no time, the stock prices fell again.
However, this time, it was not due torge-scale selling from the major yers. Instead, it was due
to the individual investors, who had begun liquidating their shares.
Upon witnessing this scenario, Wilfred swiftlyprehended that the situation was beyond repair.
He clenched his teeth and instructed Serena, “Set the price at a hundred and thirty and sell all the
stocks we are holding.”
The average stock price for the stocks they held was eighty, so even if they sold them at a hundred
and thirty, they would still make a profit.
However, what left Wilfred feeling frustrated was the rming speed at which the stock price was
plummeting.
Serena did not even have the opportunity to set the price before it dropped below a hundred and
thirty.
“Sir, we can''t sell them at a hundred and thirty anymore.”
“Then set it at a hundred and twenty! Do you actually need me to tell you what to do? Are you an
idiot?”
While Wilfred was losing his temper, Dragon Fide Corporation''s stock prices fell below a hundred
and twenty.
This time, Serena did not ask Wilfred before setting the price at a hundred.
s, the price drop was far quicker than she imagined. Just as she set their stock prices as a
hundred, the price fell to a mere eighty-nine.