Chapter 274: Chapter 263: The ’Alliance’ Turns Traitor? Little Fox Demon
The alliance of the three consortiums was in a truly dire situation. If they had only been facing Celestial Dragon Investment Company from the start, they would have taken it down with ease and no risk whatsoever.
But... now their opponents had multiplied!
In addition to major capital consortiums like Griffith and Rothschild, there were numerous large investment institutions and tens of millions of retail investors.
And now, every single one of them was standing against them.
This was the very definition of being isolated and helpless!
"Quick, contact the Longmei Consortium and the Peterson Clan!"
Realizing the gravity of the situation, Colonna immediately gave the order to his men.
...
But just as the Dugan Consortium was about to contact its two "allies," the Longmei Consortium and the Peterson Clan were, in fact, already on a conference call.
"What do we do now?" a high-ranking executive from the Longmei Consortium asked, his voice heavy with concern.
’This situation is completely out of my control!’
"We have to get out, and fast. We have to pull out now, or we’re finished."
Peterson replied instantly.
"But if we dump our shares now, our profits will be wiped out... We might even take a loss!"
The Longmei Consortium executive replied, hesitating.
"What do you think is better? A small loss now, or getting our capital trapped and being forced to sell at a major loss later?"
The man from the Peterson Clan was clearly far more decisive than his counterpart at the Longmei Consortium. He added, "Even if you at the Longmei Consortium don’t pull out, we are."
"This..."
The Longmei Consortium executive sank into thought for a moment, then gritted his teeth. "Pull out! A small loss is better than getting slaughtered."
The ability to cut losses!
It was a crucial skill in the stock market.
The executive from the Longmei Consortium was no fool. He knew that staying behind would inevitably get their funds trapped. Since the outcome was so predictable, why continue?
"By the way, what about the Dugan Consortium?"
The Longmei Consortium executive finally remembered their other ally and asked.
"The Dugan Consortium?"
Upon hearing the name, Peterson scoffed. "The Dugan Consortium? What do they have to do with me? I can barely save my own skin as it is."
"That’s true. But the Dugan Consortium is in a really tight spot this time—even worse than we are. They took on so many short positions..."
The Longmei executive sighed and shook his head.
As they were both among the top ten consortiums in the United States, he truly felt it was a shame what was happening to the Dugan Consortium.
’Who would have thought a titan like that would one day be brought to its knees?’
Colonna had never expected it, and neither had he!
But feeling sorry for them was one thing. As for giving them a heads-up or lending a hand?
’You have to be kidding!’
The stock market wasn’t some friendly dinner party; there was no room for personal favors.
The real reason the Longmei Consortium and the Peterson Clan were speaking privately was that they wanted the Dugan Consortium to be left holding the bag!
’You hold the line, Dugan Consortium. We’ll be making our exit now, if you don’t mind.’
...
Meanwhile, the Dugan Consortium had no idea its "allies" had already decided to sell it out and was still relentlessly trying to make contact with the Longmei Consortium and the Peterson Clan.
"What’s going on? You still haven’t reached them?" Colonna asked, his brow furrowing.
For some reason, he had a nagging, terrible feeling.
"That’s right. We’re getting no response from either the Longmei Consortium or the Peterson Clan!"
His assistant replied immediately.
"This is useless. We can’t wait any longer. Sell now, immediately!"
Colonna said, gritting his teeth.
By this point, the Dugan Consortium had purchased a terrifying amount of Fruit Group stock. If they were to sell it, it would absolutely cause the share price to tank.
It would be a desperate move to cut their losses and save their skin. The financial hit would be enormous, but Colonna knew they couldn’t wait any longer.
If they waited any longer, it would no longer be a matter of just cutting off a pound of flesh—they would be giving away the entire body!
"This is bad, sir!"
Just then, one of the traders monitoring the market cried out in alarm.
"What is it?"
Colonna’s brow furrowed instantly.
His mind was already in turmoil, and the sudden shout only frayed his nerves further!
"The... The Longmei Consortium and the Peterson Clan... they’ve started dumping their shares!"
The trader stammered out the words, his heart pounding in his chest.
"Wh-what?"
Colonna’s eyes flew wide, looking as if they might burst from their sockets. "What did you say? Say it again!"
"The Longmei Consortium and the Peterson Clan have made their move! They’re cutting their losses!"
This time, the trader delivered the news with perfect, dreadful clarity.
THUD!
Colonna collapsed onto his chair, his vision turning black at the edges...
"Sir! Sir, are you alright!"
Seeing this, his assistant cried out in alarm.
"I-I’m fine... Just let me calm down..."
Colonna clutched his head in his hands, blinking hard as he fought to stay conscious.
’Everything that just happened... it was all too sudden...’
...
The Longmei Consortium and the Peterson Clan had sold them out!
In that instant, every Dugan Consortium executive in the room realized it, and their expressions turned unspeakably grim.
In truth, this sort of battlefield betrayal wasn’t an anomaly in the stock market...
On the contrary, it was incredibly common.
Instances of an ally from one second turning around to stab you in the back the next were not at all rare.
The stock market was the perfect illustration of the principle: profit above all else!
The people at the Dugan Consortium were furious at what the Longmei Consortium and the Peterson Clan had done, but at the same time, they didn’t feel it was improper.
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