Twenty minutes passed.
Shiseido's stock price had plummeted to an alarming 6,630 yen!
Luofeng's investment company was shorting Shiseido with 34.70 billion yuan at stake.
Now was a good time to exit!
The current decline of Shiseido was a rational one.
Were Shiseido shares worthless? Of course not. Otherwise, they wouldn't have such good sales. No matter how much they fell, they couldn't possibly become worthless. And Shiseido had its own countermeasures, but whatever those were, they were none of Luofeng's business. Luofeng just needed to clear his position.
With a single command from Luofeng, the company swiftly cleared its positions and exited the market!
The average price for clearing the position was 6,650 yen.
Their average shorting price was 8,150 yen.
Under the third step of the plan, Luofeng and his colleagues made a profit of about 6.4 billion yuan.
Not yen!
The profit margin was around eighteen percent.
