Hong Kong variety show: The tycoon who emerged from Portland Street

Two days later, at 9:25 a.m. on October 19, Chen Mo and his group appeared on time in the trading room of Merrill Lynch.

Chen Mo opened the Bloomberg terminal, sat on the sofa, and stared intently at the monitor.

Jimmy and Ahua sat next to Chen Mo, both looking nervous as they waited for the stock market to open.

Chen Mo had already informed them in advance that today would be a day that would determine their fate.

Henry and Pete stood behind the group, awaiting Chen Mo's instructions.

The stock exchange opened at 9:30 a.m.

After a drop last Friday, the stock market opened lower today.

Henry said, "Boss, should we take advantage of the low opening price and close our positions to lock in profits? Otherwise, it will be too late when the market rebounds."

Chen Mo stared intently at the numbers on the Bloomberg terminal, not blinking.

"Don't rush, wait!"

"Boss, you've made enough profit; it's time to stop."

"Shut up!" Chen Mo turned around and shouted angrily at Henry, "If you dare to open your mouth again, I'll make sure you can never speak again!"

You'd better know who you're working for, or I won't give you a single penny of commission!

Chen Mo could guess somewhat of Henry's ulterior motives.

Henry had already foreseen the impending stock market crash from Chen Mo's trading. His subsequent attempts to persuade Chen Mo to close his positions were simply to get him out of the market early and avoid taking too much profit.

Every penny Chen Mo earned from the stock market crash came at the cost of ordinary investors losing everything.

However, Chen Mo didn't care about any of that.

If a stock market crash is inevitable, whoever makes that money will still make money! He's not the only short seller.

What does it matter to me how the people of America are doing?

If it weren't for the fact that he still needed Henry to work for him, Chen Mo would have killed him right now; he was so long-winded and annoying.

Half an hour later, the Dow Jones Industrial Average continued to fall, and the rate of decline was accelerating.

Chen Mo knew that someone was getting impatient and wanted to liquidate their holdings and run away.

"Pete, call the exchange and ask what's going on there."

Chen Mo is now too lazy to assign Henry any more work.

"Okay, Boss," Pete replied, then quickly walked to the phone.

Shortly after, Pete came over and reported, "Boss, there are a lot of sell orders on the exchange, and almost all stocks are falling."

Upon hearing this reply, Chen Mo's lips curled into a slight smile.

"Very good. Contact the exchange every five minutes. No action is required; just keep our phones accessible."

"Understood, Boss."

As time ticked by, the Dow Jones Industrial Average continued its downward trend.

However, the decline was not rapid; the S&P 500 index only dropped to 273 points, far below Chen Mo's expectations.

Chen Mo started to get nervous again.

As time went on, Chen Mo became increasingly nervous.

I couldn't help but be nervous; this kind of opportunity only comes around once every few years.

It's eleven o'clock.

The numbers on the Bloomberg terminal are starting to change noticeably.

The Dow Jones Industrial Average experienced a rapid decline.

Chen Mo had been watching the Bloomberg terminal and immediately noticed the fluctuation.

Chen Mo knew that this was a large sell order in the market, which was also the trigger for today's stock market crash.

"They're here!" Chen Mo couldn't help but shout!

Hearing Chen Mo's shout, everyone else couldn't help but look over.

Sure enough, after one fluctuation, the Dow Jones Industrial Average's downward trend could no longer be stopped.

The algorithmic trading of institutional portfolio insurance has been triggered, and the program is now generating a large number of sell orders for stock index futures every moment.

These sell orders will have a significant impact on the spot market.

The first wave of the stock market crash has begun!

"Boss, there are a lot of sell orders in the market, and the exchange is starting to panic."

Pete's report made Chen Mo even more excited.

"Chaos! Chaos is good! Chaos means bigger drops!"

"Jimmy, contact the hotel and have lunch delivered. We'll have lunch here!"

"Alright!" Jimmy also became a little excited.

Although he hadn't calculated exactly how much he could earn, judging from Chen Mo's expression, he knew he was going to make a fortune this time.

"Brother Mo, how much money are you going to make this time?" Gang Sheng and Qiu Di couldn't help but ask.

"Hehe, even if I stop now, my net worth has at least doubled," Chen Mo said smugly. "I'll earn even more tomorrow."

At noon, inside the trading room, several people were eating meat heartily. Hmm, no alcohol, they had to continue working in the afternoon.

Just as the group was enjoying their meal, John Fish arrived.

"Mr. Chen, what exactly did you do?" John asked, adopting an accusatory attitude as soon as he arrived.

Chen Mo wiped his hands, stood up, and said, "John, what do you mean by that?"

"The stock exchange is in chaos, a stock market crash has already occurred! Don't tell me this has nothing to do with you!"

Chen Mo looked at John and shrugged: "Of course this has nothing to do with me. You helped me open my account, so you should be able to find out what I did."

"Then why do all your actions seem to be as if you knew a stock market crash was going to happen today!"

"Luck? Yes, it's all about luck!" Chen Mo joked, as if trying to convince himself. "Maybe I'm just lucky."

"You...you're a monster!" John Fish was speechless with anger at Chen Mo.

Seeing that John was a little angry, Chen Mo put away his joking expression and said seriously, "John, in fact, this stock market crash really has nothing to do with me."

So instead of arguing with me here, you should go and talk to your company's senior management to see how this happened and how it should be resolved.

After all, if the stock market crash continues to worsen, your company will also go bankrupt.

Chen Mo didn't want to strain his relationship with Merrill Lynch, since his account was held by their company.

If the relationship breaks down and Merrill Lynch withholds his money, he'll have to spend a long time fighting a lawsuit, which would be a huge loss.

After lunch, the market situation displayed on the Pengbo terminal had changed again.

The decline has continued, but trading volume is decreasing.

The large number of sell orders automatically generated by the program triggered panic selling by ordinary investors, causing the number of sell orders to increase further, and no one was willing to buy.

This is the second wave of the stock market crash.

The exchange is now in complete chaos.

Even though Chen Mo had advanced trading privileges at Merrill Lynch, Pete couldn't get through on his calls several times.

Chen Mo is still waiting, waiting for the Dow Jones index to go even lower, waiting for the S&P 500 index price to continue to fall.

It was finally 3:50 PM, with only about half an hour left before the market closed.

At this point, the S&P 500 index had fallen to 219 points.

"Pete, Henry, call the exchange immediately and close out 30% of your positions to lock in profits."

"Yes, Boss."

Pete and Henry immediately got to work.

The phone kept dialing, busy; dialing again, busy.

In the tense atmosphere, after dialing countless times, the call finally went through.

Chen Mo's first wave of harvesting has begun.