Rising from the age of thirty

Chapter 243 Short Selling Begins

the next day!
Lu Le handed over all the company's affairs to Wang Xueyun, and then met with Huo Jingjing.

Originally, Huo Jingjing thought that Lui Lok would only take out 150 billion, but she didn't expect the final amount to be 200 billion. It can be seen that Lui Lok is very confident in shorting the Thai baht.

"Aren't you afraid?"

"What are you afraid of!"

"In case of failure..."

"Haha, I was the one who came up with the plan. Do you think I'm afraid of failure?"

Lu Le smiled.

Huo Jingjing shook her head helplessly. Even Huo's financial analysts did not dare to be completely sure that they could short the Thai baht and get away with it.

Where does Lui Lok get his confidence from!
"You have mortgaged Aoyou, right?"

"Yes, otherwise I won't have enough money. Since you've decided to do it, why not be a little more ruthless."

"I admire you very much. When do we start the action?"

Lu Le thought for a moment and said, "How about this afternoon? We borrow Thai baht and then sell it to cause them to panic, and then spread some news."

"It's possible this afternoon. Borrowing Thai baht is just a matter of a word from our Huo family. This time, I'm preparing 1300 billion, plus your 200 billion, a total of 1500 billion."

How much will the exchange rate fall if so many Thai baht are sold? It depends on whether the Thai government takes practical action.

"Row."

Lu Le handed the money to the Huo Foundation and waited for them to start the operation step by step.

Huo Jingjing said: "We estimate that they don't have much foreign exchange reserves, but there may be accidents. No matter which one it is, once it starts, there is no turning back. Have you thought it through?"

"I'm OK."

Lu Le nodded.

The reason why the Huo family thought they could short the Thai baht was that they had studied it for two or three years. Thailand's fiscal revenue has not been much recently, and its foreign exchange reserves are not much, so there will be pressure for face value depreciation in the short term.

It starts at one o'clock in the afternoon.

People began to sell Thai baht in large quantities in the market, and some bad news spread, attracting the attention of investors, who followed suit.

Looking at the Thai baht exchange rate slowly jumping on the screen, everyone's hearts almost jumped out of their chests.

the other side.

Thailand also noticed the situation and immediately began to respond. It would buy back as many shares as people sold. It couldn't just do nothing. Everything was just as Huo Jingjing had imagined.

after an hour.

The exchange rate dropped and everyone breathed a sigh of relief, at least it meant that they won first.

An hour later, the Thai Baht returned to its previous level!!

"They fought back, as is normal, and continued to sell, pushing the exchange rate down."

Although Lu Le knew the result, he was still worried when he saw Huo Jingjing giving the orders.

"Ms. Huo, how many days do you think it will take for them to be unable to fight back?"

"It depends on the situation. It will be difficult for us to do it with only 1500 billion, but if the news gets out, many people will do the same as us and short the Thai baht! It depends on whether they can help or not."

"Miss, it's bad. The other side has a lot of foreign exchange reserves. They swallowed up all the Thai baht we sold. The exchange rate can't fall!!"

The trader looked surprised.

"Tell me, how many Thai baht do we have left?"

"Miss, in two hours, we sold 680 billion RMB worth of Thai baht."

More than a third of the way through, and only two hours have passed!!
Huo Jingjing panicked.

"Miss, what should we do now? If others sell, they will be buried too. The Thai government is prepared!"

Huo Jingjing waved her hands, "You guys keep watching, I'll call for backup."

One third of the bullets have been used up, and the exchange rate is not low.

Huo Jingjing looked at Lu Le and found that Lu Le was drinking tea alone with a very natural expression. She couldn't help but frown in confusion. Lu Le was still so calm at this time???

Shaking her head, Huo Jingjing went out to make a phone call: "Hello, yes, I've sold one-third of it."

"Slow down, and report back to me in an hour!"

The other person hung up the phone.

Huo Jingjing frowned and returned to the operating room.

Lu Le looked up, then continued to drink his tea, as if he was not involved. "Slow down from now on."

"Okay lady."

It had been more than an hour, and Huo Jingjing was sweating profusely on her forehead, and she was extremely anxious.

Because the exchange rate is too strong.

There must be a demon in the abnormal situation.

Before Huo Jingjing could make a call, her cell phone suddenly rang.

"I was also swallowed up. We all miscalculated. Thailand's foreign exchange reserves are more than 1500 billion, otherwise someone is helping it!"

"So, now???"

"Listen to me, retreat. Even if it's a loss, you have to admit it. This time I made a miscalculation."

"If we withdraw now, we will lose too much."

"That's better than being wiped out. You're not leaving? I'm leaving. Don't blame me for not reminding you that no matter how much you throw, it will eat it."

beep.

Huo Jingjing stood there in a daze, looking so helpless.

"Miss, do you want to continue?"

"Wait a second."

She was unwilling to give up like this, but if she made a mistake, how would she explain to the Huo family?
Lu Le stood up and glanced at the big screen: "What are you afraid of? No money? I can lend you more. They are just resisting stubbornly, bluffing!"

His words touched Huo Jingjing's heart.

"Mr. Lu? You......"

"Trust me, if you back out now, it's no different from admitting defeat. Shoot all the bullets in your hand. I don't believe it won't panic?"

Huo Jingjing: “???”

I was completely stunned. Damn it—

So fierce?
Lui Lok smiled and said, "Hurry up, if you don't have enough money today, I'll borrow it tonight and call tomorrow!!"

Huo Jingjing was shocked and said, "Okay, sell them all off without leaving any stone unturned."

Since you want to fight, I will fight you to the end.

980 billion left!
But she forgot that it was they who wanted to fight, not Thailand!!!

"Ok."

Following a series of operations by the trader, the Thai baht exchange rate finally fell.

The international financial market was in uproar with headlines!!

"It's time to get off work. Let's go. It's time to eat and it's time to sleep!!"

Lu Le stood up and stretched. He felt a little panicked, mainly because he was afraid that Huo Jingjing would have a brain attack and quit halfway, which would be the end of him.

As for who called him, Lui Lok had no idea, didn't know, and didn't want to know.

In short, that person's elimination was expected and inevitable.

The key lies in Huo Jingjing. She will definitely succeed in short selling, so if she doesn't retreat, the Thai baht exchange rate will definitely collapse. It is that simple.

Huo Jingjing: “???”

How come you are so calm?

Those 20 billion are not your money? ?

"Brother, can you eat?"

"Why can't it be eaten? There's no point staring at it now. If it rebounds, we have to get more money. If it has no power to resist, we win."

Lu Le thought for a moment and asked, "Tell me the truth, how much money do you plan to short?"

"1500."

"Ok, let's eat!"

In that case, it's stable.

The Bank of Thailand is just bluffing and has no reserves left.

There are many greedy people in the market. The exchange rate has been lowered, so I don’t believe that others will not follow suit. (End of this chapter)

Tap the screen to use advanced tools Tip: You can use left and right keyboard keys to browse between chapters.

You'll Also Like