Reaching the age of thirty, my income randomly doubled

That was indeed true; compared to the fierce internal competition, this side was obviously much better.

Zhang Wanyi said with a smile, "I only found out about their news from our class group."

"That's good."

Chen Pingsheng said, "We're new to Wall Street and still don't understand much. You could try contacting them. In addition, tomorrow I'm also going to see if there are any suitable office buildings for sale."

"Chen, are you going to buy an entire office building here?"

"You're thinking too big; just buying one floor will be absolutely sufficient."

He had no business overseas, so there was no need to unnecessarily spend a fortune on buying an entire office building.

Besides, labor and material costs here are very high; starting salaries for graduates from prestigious schools are fifty or sixty thousand US dollars a year.

He wasn't going to be that sucker.

Only after sorting out the business here, would he consider investing heavily in an office building.

The next day, Zheng Wanyi had prepared breakfast by the break of dawn.

Chen Pingsheng ate a little, and when he got to the thirty-ninth floor of the Empire State Building,

Tong Zelan told him there was a single-floor office for sale above, over two thousand square meters in area, which would be absolutely enough for an investment company.

Chen Pingsheng also thought it was feasible, so he inquired about it and found the seller was a British enterprise looking to move their headquarters to the Port of New Jersey.

Thus, they naturally wanted to sell it off, and the single-floor asking price was as high as 120 million US dollars.

Chen Pingsheng thought it over and agreed, mainly because there wasn't much room for bargaining.

In Manhattan's core district, that really was the price.

Everything was in perfect order; they could move in with their bags and start working right away. But just as he was busy setting up his new headquarters,

trouble erupted elsewhere.

Somehow the news leaked, and Antler Coffee was targeted by the short-selling giant Muddy Waters of Wall Street.

Muddy Waters published an extensive analysis at nine o'clock in the morning, detailing Antler Coffee's financial fraud and the inflated stock price.

Several prominent economists stamped and released the report.

Upon the news, the stock price plummeted precipitously.

It wasn't until Tong Zelan arrived that he learned Muddy Waters had borrowed 30% of Antler Coffee's stock from investment banks.

The total market value was around 8.5 billion.

Without a doubt, Antler Coffee had been targeted by a short-selling giant.

This so-called short-selling was a kind of stock market play only found abroad.

For instance, now, with the actual value of each Antler Coffee share at 12 US dollars, Muddy Waters could borrow a hundred million shares from the banks.

They had to repay them within six months.

If, by the end of six months, the price of each Antler Coffee share fell to only 6 US dollars,

they would only need to pay 6 US dollars per share to return the borrowed stocks.

Borrowed at 12 US dollars per share and returned at 6 US dollars per share,

the difference is the profit for the short-selling giant.

Of course, there's another scenario.

If the shares were borrowed at 12 US dollars, and at the time of repayment, they had risen to 36 US dollars,

they would have to bear enormous losses.

The hundred million shares that were borrowed were only worth 8.5 billion in real value.

If the shares rose to 255 billion upon repayment, the difference would have to be covered by the short-selling giant.

Simply put, the lower the stock price drops, the higher the profit for the short-seller.

If stock prices rise instead, they will face tremendous losses.

Frankly speaking, if the Shanghai and Shenzhen stock markets could also short sell to make money, it would be a paradise for short-selling giants.

They could make accurate hits even with their eyes closed.

Abroad, it's different; stocks can rise one or two times in a year of sideways trading; the life of these short-sellers can be well imagined.

They try every means to pick out stocks that are overvalued or poorly managed to strike.

After Chen Pingsheng clearly understood the rules of short-selling, he didn't care much anymore.

This was different from the Xu Pidai incident. Xu Pidai and that so-called Mr. Yan wanted to snatch his company's management rights through the stock market.

He definitely had to counterattack.

Muddy Waters, however, just wanted to earn money by driving down his stock price.

In other words, the portion of money earned by Muddy Waters was entirely borne by the foreign investors who bought Antler Coffee stocks.

He could say without exaggeration that this incident was beneficial for him personally.

After all, he had just sold his shares of Antler Coffee at a high price, and then immediately encountered the short-selling giant Muddy Waters.

He couldn't be blamed for that.

Secondly, when the stock price truly fell to a certain level, he could completely buy back shares cheaply with ten billion of his own money.

It was the same as the previous two money-making methods; personally, he hoped Muddy Waters would drive down the stock price of Antler Coffee.

But these thoughts could not be shared with anyone.

They had to maintain a semblance of retaliation on the surface, but what happened in secret, nobody knew.

He also hoped that after Muddy Waters drove down the stock price, he could spend ten billion to buy back the 15% of shares he had sold.

The profit between the sale and the repurchase would be tens of billions; only a fool would pass that up.

After all, the ones suffering were the individual investors. Experience more tales on My Virtual Library Empire

As for the big investors, they naturally wouldn't sell their stocks at such a time; as long as they didn't sell, there was no real cash loss.

The value would always rise back someday.

Chen Pingsheng chose to stand pat, allowing the CEO Yang Qian in Xiangjiang to keep releasing news, furiously denouncing Muddy Waters as shameless,

while he surreptitiously prepared a ten-billion-dollar fund, waiting for the stock price to hit rock bottom before slowly buying back shares.

The more vehement Xiangjiang's side cursed, the more believable Muddy Waters' investigative report appeared.

Antler Coffee's milk-tea-style coffee was not globally significant.

It was even involved in financial fraud, inflating profits, and had brought in a host of economists to make videos telling these Americans to dump the worthless stock of a garbage Huaxia enterprise as fast as possible.

Chen Pingsheng hadn't expected that his second opportunity to make money on Wall Street would come so quickly.

It was still achieved by plundering American individual investors.

The more detrimental news Muddy Waters released, the fiercer Xiangjiang cursed, and not a single serious clarification was made public.

They just kept cursing away, and the stock price faced a short-term low point.

It was common for domestic enterprises listed on Nasdaq to encounter short-selling giants.

No one would really take it seriously; at least such things were quite normal on Wall Street.