Start with a Cat and Mouse Game

Chapter 1066: Some people eat meat and some people get

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As soon as the stock market opened, Belford Investments, as the sole issuer, invested 100,000 shares of $1.50 in the stock market as customary.

Unexpectedly, these stocks were swallowed by the market in one gulp.

Many brokers who didn't get it shouted in dissatisfaction. Unfortunately, no matter how dissatisfied they were, the first batch of low-priced shares were basically bought by the traders arranged by Frank.

Then dozens of stock traders stood up, left their seats, and flocked to Belford's trading desk with their trade slips.

Shouting 1.6 dollars, 1.7 dollars and the like to apply for goods.

As Belford's first listed client, Busan Mining was not a general concern for Frank.

Not only did they directly poach a very good trading team at Citigroup, but they also hired several teams of analysts to advise on-the-spot traders.

Since there are brokers' traders, who are bidding on behalf of clients and other brokers on the scene, Belford's traders will certainly not release shares so quickly.

But it can't be all the time. After all, the one with the highest bid can buy not many shares.

The best way is not to chase the highest price, but to chase the third and fourth highest price. The purpose is to create a phenomenon that the stock sells well.

This, in turn, can entice buyers who didn't bid too high to bid up again.

Two minutes later, 500,000 shares priced at US$1.9 were divided up by the market, and then 1 million shares were eaten by the broker at US$2.

Now everyone understands that the stock price of Busan Mining will definitely rise sharply today.

By the time Belford's 20% of the 20 million shares were sold, 14 million shares were sold in the morning, and the stock price soared to $5.

Belford's on-site traders did not dare to sell again for a while, lest the price be suddenly raised, making those who just want to arbitrage more frantically sell the stocks in their hands.

In turn, the stock price plummeted like a flood.

And the stocks that can be bought in the market are suddenly less, which will at least make retail investors wait and see for a day or two.

And senior traders are experienced enough to know which stocks are profitable or not.

Call Frank and ask him if he should keep the remaining 6%.

Frank immediately nodded to Noda Koji, who was following him, and soon learned that the island country had eaten nearly a quarter of the previous 14 million shares, which was almost 3.5 million.

Frank quickly listened to the advice of the analyst team, gradually slowed down the number and speed of shares invested in the stock market, and stabilized today's stock price first to avoid a plunge. After Belford was ridiculed by his peers and considered unprofessional by investors.

Before Busan Mining went public, Li Changheng had already taken 350 shares in the subscription session.

This time, together with the 350 shares that the island country ate, it not only fulfilled Li Changheng's order of 5% minimum shareholding in Busan Mining, but also exceeded 2%.

Frank was relieved immediately, and then he focused on how to stabilize today's issue price.

As for the remaining 6% of the shares, after thinking about it, Frank quickly gave up the plan to secretly let the company he arranged to continue to eat.

After all, these shell companies outside the United States are indeed qualified to buy in the market, but there are too many tradable shares left in their hands, and the risk of being targeted is not small.

Moreover, Frank already felt that the price of 5 dollars was a bit high at this time, and even if he bought it, he would not make much money.

After all, the gold reserves temporarily released by Busan Mining are only 1 million ounces, worth only 140 million US dollars.

Based on the current $5, the stock price of Busan Mining has soared to $500 million.

The market will be so optimistic, it is nothing more than someone betting that more gold reserves will be discovered in the future.

Frank did not know Wells and Asta at this time, and was preparing a new 10 million ounce proof document, waiting for the Jakarta side to announce it when the stock price fell.

Otherwise, he will not miss any opportunity to make money.

However, Li Changheng, who knew the news, didn't plan to tell Frank, lest this guy secretly buy a large amount, and he couldn't help but sell it on the New York Stock Exchange at a high price, and let people get caught.

But Li Changheng really looked down on Frank this time.

Having worked **** Wall Street for several years, Frank has long understood how to avoid the scrutiny of relevant US departments.

But since he knew early on that Li Changheng planned to sell Belford, and Li Changheng promised that he would become one of Citi's shareholders in the future, Frank's honesty this time was surprising.

However, if you think about it, this is actually understandable.

Belford's valuation has exceeded 2.5 billion US dollars, and Frank, who owns 20% of the shares, has a net worth of 500 million US dollars.

Coupled with the fact that he has accepted the fact that Belford is bound to sell, and even more expects himself to be on the board of Citigroup, Frank can still figure out how light and heavy.

----

In the evening, the major media again reported the listing situation of Busan Mining in great numbers. The news that it opened at US$1.5 per share and closed at US$4.3 and the turnover exceeded 400 million directly became the headlines of the second day.

Not only has the market value increased by 2.86 times, but the trading volume has also been unexpectedly frequent.

It is no secret that some people leave the market with arbitrage.

However, the closing price was only $0.7 lower than the highest price, and it was 2.86 times higher than the issue price, which was considered a great success.

And that night, Wells not only got drunk, but also returned to the hotel with a blond woman in his arms.

This makes some investors who are worried that the stock price will fall due to institutional arbitrage leaving the market tomorrow.

While thinking about whether Wells still has any good news that has not been released, while worrying that Wells is a rookie in finance~lightnovelpub.net~ did not see the trouble at all.

The stock price did drop the next day, but only for the morning.

At 2:00 pm, news suddenly came out in the market that some former employees of Busan Mining who bought the original shares, when the stock price fell below 3 US dollars, asked a broker to buy shares of Busan Mining.

As soon as the news came out, some people immediately felt that the good news of Busan Mining was not announced, and some people also felt that this was just an organization that wanted to arbitrage and leave the market to spread fake news.

However, the stock price of Busan Mining did stabilize above $4, and it never fell below $4.

But this made those who were bearish on Gusang Mining and lost a large amount of capital dissatisfied and even angry.

That night, many people gathered outside the hotel where Wells stayed, shouting for Wells to come out to clarify the news. Some people even said in the media that the former employee of Busan Mining was insider trading and asked the FBI to investigate.

Wells, who got the news, smashed the wine glass on the ground angrily and cursed.

If the prepared report of 10 million ounces of gold reserves is released, it is equivalent to sending a group of friends to the FBI for coffee, or even if something is found, it will be even more troublesome.

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