The Son of Finance of the Great Age

  Chapter 200 Next stop Brazil

It has to be said that Sumitomo Corporation and Tianyu Fund are not the only bulls in the market. After all, there are still a lot of bullish funds among them. The short side temporarily avoids the limelight, while the bulls' views on the market outlook form a two-point situation. Therefore, the two bulls with extremely strong financial strength form a rare situation of more than one.

  The closing orders on Zhongshi’s side are constantly thrown out, some of which are taken over by panicked short sellers and closed, and the other part are taken over by the bullish side and continue to go long. But to a certain extent, the number of orders in the market began to decrease, and the price of copper futures also showed a downward trend. Seeing this situation, Zhong Shi and his traders decisively stopped closing positions and continued to do more.

   "Minister, the upward pressure has finally disappeared, and we should have resisted the counterattack of the short sellers." On the side of Sumitomo Trading Company, Kenjiro Oshima wiped the sweat from his forehead and sighed with lingering fear.

   Originally thought that the price of copper futures would skyrocket under the stimulus of the news of the strike, but when traders from Sumitomo Corporation raised the price of copper futures to $2,990, they encountered strong resistance. This position has approached the integer point, and all traders, including Yasuo Ryusuke, thought this was a desperate gamble for the bears, and they began to increase the number of buying lots continuously in units of 100. It turned out that at this position, the The price remained unmoved, and remained firmly below $2,995.

Several consecutive upswings were fruitless. After consulting Yasuo Hamaka for instructions, Kenjiro Oshima and Yasuo Ryusuke suddenly showed a buy order of up to 2,000 lots, and finally wiped out the sell orders around $2,995, and the price also rose to Around $2998. However, to their surprise, the price rushed to this position and then stagnated again.

At the same time, following the trend, after seeing the price of copper futures rushing to around 3,000 US dollars, they began to enter the market frantically and do long. This also made Zhongshi’s big liquidation orders consumed by them, otherwise Sumitomo Trading Co. Soon you will find that the longs are closing their positions.

   It is precisely because of the news of the strike that when the bulls encounter resistance, the first reaction is that the shorts are desperately suppressing and resisting. But they all ignored that after three consecutive days of sharp rises, most of the speculative shorts, except for the long-term hedging shorts, had become frightened. When they heard the news that was extremely good for the bulls, their first The first reaction is to close the position as soon as possible.

In the past few days, an unconfirmed news has been circulated on the short side. A certain hedge fund from the United States broke its position in the process of shorting copper futures. The total capital of 15 million US dollars became a mere 3 million. The loss Up to seventy percent. This made them feel a bit sad while having lingering fears, and became more cautious in trading, which is why the price of copper futures skyrocketed as soon as the news of the Chilean strike came.

Hearing Kenjiro Oshima's report, Hamanaka Tainan frowned, thought about it again, and found nothing wrong, but he still ordered: "Pay attention to our positions, and we can throw them away when the time is right." Some, but it must push the price of copper futures to $3,000."

  Kenjiro Oshima and Yasuo Ryusuke nodded in unison, and then both realized that their actions were the same as the other's. After they looked at each other, they turned their heads in unison.

  …

At Tianyu Fund, almost everyone stopped their operations and stood up one after another to wait for the arrival of this historical moment. Before that, the price of copper futures had reached this level several times in 1989 and 1990. Prices, but those are sudden skyrocketing, not achieved by the relationship between supply and demand in the true sense.

   Just when everyone was looking forward to it, Zhong Shi quietly pulled Andrew aside, and said in a low voice: "Andrew, it is expected that this wave of market will end, and all our operations in London will come to an end."

   "Is that the end?" As expected by Zhong Shi, Andrew's reaction was extremely violent, which can almost be described as a gaffe. He was shocked at first, and then couldn't believe it. With a playful smile, he pretended to be relaxed and asked: "Zhong Sheng, are you joking? You know, this joke is not funny!"

  To Andrew's disappointment, Zhong Shi didn't show the reaction he wanted on his face. Zhong Shi still looked indifferent, looked at Andrew and replied indifferently: "I'm not joking, the closing position just now has already explained everything, that is, I want to leave this market."

   "Why?" Andrew was in a hurry, and his voice involuntarily increased a little, which caused a few traders who were watching the market to look sideways, but they turned their heads soon, and they still knew how to measure.

"The price of copper futures has reached the peak, and there is not much profit margin if we continue to operate, but it will increase a lot of downside risks, and the futures market is always too risky. For us, it can only be a short-term investment, not suitable for long-term investment. Hold it." For Andrew's reaction, Zhong Shi couldn't help being somewhat disappointed. In his view, the risk of copper futures with a margin of tens of thousands of dollars per lot is too high, and it is difficult to control the market trend. Although they have been doing well in the copper futures market recently, they are only taking advantage of the general trend of world economic recovery. If they rely on their own strength, it is impossible to raise the price to the current price.

   "However, I have already thought about the investment goals for the next stage, which may require your help!" After giving Andrew five minutes to digest the news, Zhong Shi added.

  Andrew was still a little unwilling, but when he heard that there was a new target, his eyes lit up, and the previous depression dissipated a bit. Even so, he still asked sullenly, "Where is the new target?"

   "Brazil!" Zhong Shi poked Andrew narrowly, and said jokingly, "The unrestrained samba dance, the passionate girl, and the inexhaustible wealth. Anyway, these are all prepared for you."

   "I'm going to Brazil?" Andrew was stunned. It never occurred to him that Zhong Shi would let him go to a non-English-speaking country, and it was still in South America. But after thinking about it for a minute, he quickly suppressed his confusion about the unknown adventure, and he replied happily: "I can go, but I have to say a good time first, it is impossible for me to stay there permanently. "

"No problem." Zhong Shi patted his chest and gave Andrew a guarantee on the spot, "If my estimate is correct, it will be two months at most. You know, it's summer in the southern hemisphere, and I'm giving you a chance to take a vacation .”

"Nonsense! Go on a **** vacation!" Andrew raised a **** at Zhongshi disdainfully, and then asked unwillingly: "Do we really want to clear all our copper futures positions? Don't forget, there are still ten There are 10,000 tons of copper in stock!"

"By the way, I almost forgot!" Zhong Shi slapped his head, only then did he remember that there are still 100,000 tons of spot copper still piled up in the warehouse, "You can sell it later, when the price of copper rises to $3,000 when it expires when."

  Andrew was speechless for a while, thinking that someone was going to be unlucky again, because this batch of spot copper would definitely be placed on the recently opened copper futures contract in the market, and 100% of it was for delivery. After three months, the bulls who have changed hands many times may frantically look for the possibility of selling or closing their positions in the market. Sell ​​orders.

After ordering a few more details, Zhong Shi and Andrew returned to the trading room together, and found that the price of copper futures has successfully broken through 3,000 US dollars, and the short side is fighting with the bulls around 3,010 US dollars. Every inch of land is up for grabs.

"Let's start closing positions according to the market price! All long positions are closed!" Andrew shook his head, and gave a trading order with some helplessness, then thought for a while, and then added: "First use the account of Skyline Financial Company to sell To issue 4,000 short positions, whether it is a new open or a short exchange, as long as there are 4,000 sell orders."

  Andrew’s order stunned traders. At this time, shorting 4,000 lots will definitely put a lot of pressure on the bulls, and may even bring the price back below $3,000. They all looked sideways at Andrew, the dissatisfaction in their eyes was clearly visible.

Seeing so many unhappy looks, Andrew took a step back subconsciously, and then reacted, and said calmly: "Don't ask why! Don't you see that the price of copper futures is already on the high side? Don't take advantage of it." Shorting now when the price is rising, when will it wait? The market will definitely make a major adjustment in the near future.”

"Then whether we are shorting or closing the position, you have to give a clear explanation!" Although Andrew was right, the traders were still upset, and the outspoken Ann Pete teased like this. Anyone can hear it.

  Andrew glanced at Ann Pitt dissatisfiedly, wondering if he should manage this group of traders more strictly in the future, otherwise it would be bad for them to keep talking like this.

"I'll be in charge of the skyline, and you'll be responsible for closing positions. Just remember one thing, don't cause violent fluctuations in the market, and subsequent positions can be closed slowly." Zhong Shi stepped forward, his tone flat but firm Said.

  Seeing that it was Zhong Shi's opinion, the traders fell silent. To this manager who was younger than them, they treated him with much more respect than Andrew.

   It didn't take long for Tianyu Fund's liquidation operation to start in full swing. Although they only placed dozens or hundreds of sell orders each time, they were not enough to look at in the face of the surging buy orders. The market has gone completely insane. The bulls and their follower and the shorts at $3,010 have engaged in an unprecedented fierce fight. The number of entrusted hands piled up on the market by both parties has reached tens of thousands of hands, and even the brokers are temporarily confused. Can't match up.

Taking advantage of this good opportunity, Tianyu Fund's liquidation action immediately intensified. The repeated sales orders made the long-minded bulls feel that something was wrong, and the long side began to retreat in a planned way. One dollar retreated to the position of 3,000 US dollars, and finally stopped the price of copper at 3,001 US dollars at the close.

  The price of copper rose by $101, or 3.4%, with an intraday high of $3,010 and a low of $2,900. The number of trading lots reached an astonishing 200,000. The analysts have been shocked by all this. Many analysts began to be vague and sloppy in the information they sent to clients or TV stations, because they couldn't see clearly the market conditions and future market trends.

   Thank you very much for the monthly ticket support from book friend I Youqing Drinking Water! The author will try his best to improve the deficiencies of this book, and look forward to your more attention.

  (end of this chapter)