Chapter 133: A Waterfall Plummets Three Thousand Feet

“But Chairman! If we implement a global recall, the resulting losses will be an unimaginable astronomical figure!”
The CFO's voice trembled.
“If this crisis isn't handled properly, not only will the Wovi factory collapse, but our Jiangjin Group will also be forever branded with shame!
Do you want to see that day?!”
Qin Han's eyes suddenly sharpened, like a drawn sword, sweeping over everyone present.
“…” Everyone fell silent.
Even the U.S. Department of Transportation has personally intervened, issuing a complete ban on the Note 7. The severity of the situation is self-evident, far exceeding everyone's expectations.
“Furthermore, all recalled phones will be replaced with the latest model for the user, or a full refund will be given!
In addition, immediately announce that we will thoroughly rethink our approach, completely overhauling everything from battery design to testing processes, implementing the most stringent reforms to ensure that such an incident never happens again!”
At this moment, Qin Han's voice gradually regained its usual decisiveness.
***
“Hanging by a thread,”
these four words,
are etched deeply into the hearts of all the employees in Fanghuan Investment's elite trading department today.
The feeling was as if a cold, sharp blade was pressed against their throats, the tip already piercing their skin, drawing beads of crimson blood.
Just as that blade was about to pierce their throats, and the judge of death was about to claim their souls—
“Sell! Sell! They’ve started a frantic sell-off!”
A trader roared hoarsely, his voice cracking!
The previously aggressive and arrogant “short squeeze suicide squad” suddenly seemed to have seen a ghost, frantically selling Jiangjin Group's stock regardless of cost!
Even those who stubbornly refused to budge even after the Note 7 battery explosion scandal broke.
After Jiangjin Group announced an unprecedented large-scale global recall, the market finally couldn't hold on any longer. Their psychological defenses collapsed, and they joined the sell-off, fleeing in panic like stray dogs!
They had originally intended to suffocate the short sellers, completely wiping them out, but they realized that if they held on any longer, they might suffocate first!
Fear spread like a plague. Everyone scrambled to sell their holdings, afraid of being left holding the bag!
"Holy crap... I was scared to death... I almost thought I was going to die here today!"
"Scared to death? We almost really went under!
If the stock price had risen even a tiny bit more, our margin would have been wiped out, forcibly liquidated, and we'd lost everything!"
The traders slumped in their chairs, panting heavily.
It really was a hair's breadth!
If Jiangjin Group's life-saving recall notice had been even a fraction of a second later, they would have lost all their funds, leaving them with nothing!
This feeling was a hundred times more thrilling than successfully defused a bomb 0.1 seconds before it exploded in a movie!
"Phew... my back is covered in cold sweat, like I just got pulled out of the water."
"Me too! My heart's still pounding like a drum, like it's going to jump out of my throat, I can barely breathe!"
After the initial euphoria of surviving a close call, a huge question began to swirl in everyone's minds.
"But...did President Su...he probably already know the Note 7 battery had a problem?"
"Is that even a question? Of course he did! Otherwise, why would he take such a risky, life-or-death gamble?"
"It was dangerous...but seeing those previously arrogant 'air squeeze daredevils' running away in terror, crying and screaming, it was...so damn satisfying! Hahahaha!"
"Yeah, those 'air squeeze daredevils' must have felt so humiliated!
They probably never dreamed that we could turn the tables on them when they thought they had it all under control!"
But, the story wasn't over yet, the battle was far from over.
The crucial point is knowing when to take profits, close out short positions, and convert paper gains into real profits.
Jiangjin Group's recall announcement caused
the stock price to plummet, like a torrent bursting its banks.
However, in the following days, Su Hao remained unmoved, offering no new instructions, silently observing the market movements and the evolving situation.
"Jiangjin Group's stock has plummeted! There's not a single sign of it stabilizing. It's been falling for days on end!"
"It seems this downward trend won't stop anytime soon, given what a major incident has occurred."
"Jiangjin Group has made a statement, saying they'll take drastic measures, completely overhaul the entire production and quality control system, but I don't know if that's true."
"President Su...still no movement?"
"Not yet, probably...wanting to observe for a few more days and see the market reaction..."
Just as everyone was discussing this, the door to the director's office, which had been tightly closed, creaked open.
"Everyone."
"Ah! Yes! President Su!"
Su Hao's sudden voice made everyone jump up from their seats as if electrocuted, all eyes turning to him.
"Close all short positions."
Now? Close them?
The stock price is clearly still accelerating downwards; it looks like it can fall even further!
Closing out now would mean missing out on a huge profit, wouldn't it?
However, despite their doubts, no one raised an objection.
Before Su Hao finished speaking, everyone had already returned to their workstations like highly precise machines, their fingers flying across the keyboards, rapidly closing out their short positions.
"Oh, right," Su Hao paused, then added, "After closing out the positions, reinvest all the funds back into Jiangjin Group."
"This time... are we waiting for a rebound before shorting again, Mr. Su?"
Someone asked instinctively, thinking they had misheard.
Everyone was taken aback, then their faces showed understanding.
As expected of Mr. Su, this operation was a masterful use of "strike while the iron is hot!"
"No," Su Hao shook his head, a playful smile curving his lips, "This time... we're going long."
"...Huh???"
Everyone in the trading department was dumbfounded, exchanging bewildered glances, a string of huge question marks appearing above their heads.
"This time... going long?"
What kind of ingenious move is this?
Slap them first, then offer a sweet treat?
No, this is more like beating them to a pulp first, then feeding them a super-potent tonic!