The Son of Finance of the Great Age - Chapter 1010

  Chapter 1010 Turning the tide (Part 1)

  As if realizing something, when everyone talked about Wang Jintang, he raised his head in response and looked in the direction of everyone. His face was tense, and he couldn’t express any expression, but his eyes were a little complicated.

“What’s going on here?”

   Zhou Deping’s heart was moved, and he asked suspiciously, “Is he in trouble?”

   As for whether other people knew, Zhou Deping didn’t know, but he remembered that Fu Yuntian once suspected that there was a traitor here. So when he saw Wang Jintang’s complicated eyes, he suddenly thought of this matter.

   “Hey, what else can he do?”

  The carefree Zhao Fei didn’t take it seriously at all, and his mouth shrugged, “Isn’t it the same emotion as us, what can everyone do at this time?”

   “No!”

Careful Li Rongxiu frowned slightly, and waved at Zhao Fei, “Everyone, do you remember that when we first met, Zhong Shi left Xiao Wang alone? Also, two days ago Xiao Wang seemed to want to treat us I said something, but then nothing happened. Why do I feel that there is something about Xiao Wang that we don’t know?”

“maybe.”

  Zhao Fei chuckled, “So what if there is a secret, does it mean that he can still stabilize the current market?”

  Hearing what he said, Li Rong was also discouraged. As Zhao Fei said, the biggest thing right now is how to stabilize the market. Even if Wang Jintang has any secrets, it is nothing compared to this matter.

   “Everyone, I have something I want to confess to everyone. I think today is the right time!”

A few people were talking on their own, when they saw Wang Jintang walking over with a complex expression. After hesitating for a while, he lowered his head and raised his head with a very firm expression, as if he had made some kind of determination, “Before I speak, I What I have to tell everyone is that all of this is Mr. Zhong Shi’s idea, and I’m just the one responsible for the implementation. Uh… at least before he disappeared, now it’s my own idea, because I’m a little undecided, so I plan to discuss it with you.”

  Seeing that he spoke seriously, several people looked at each other in blank dismay, all silent, waiting for Wang Jintang’s next words.

   “Now I have IF, IC, and IH contracts on hand, about 30,000 contracts, all of which are spot months.”

   After taking a deep breath, Wang Jintang said frankly, “The contracts established in July have always been in the hands of my team, and they have not been included in the general account, so there is no funds in the general account.”

   “Didn’t the exchange ask for a margin call?”

Zhao Fei frowned, and hurriedly said, “From July to now, I have lost at least 500 points, and the total loss has exceeded 3 billion. Even if I set aside half of the margin when I established it, I am afraid it has been exhausted now.” Right? Now that you are talking about this, do you still expect us to spend funds to maintain this part of the position?”

   “Xiao Zhao, wait, let him finish.”

   Zhou Deping was mature and prudent, keenly aware of something, and immediately waved his hand at Zhao Fei, “Xiao Wang, what do you want to say? You don’t want to tell us…”

  He didn’t continue talking, but his expression changed.

  Li Rong also seemed to realize something, and the corners of his mouth twitched quickly.

   “Yes, this part of the position is not long, but short.”

  Wang Jintang rubbed his hands nervously, with an embarrassed expression on his face, “It’s not what you think. This part of the futures position is short, not long for hedging. That’s what Mr. Zhong Shi ordered at the beginning.”

“what?”

  Zhao Fei jumped up like a cat whose tail was stepped on, “Short? Short? You mean, this part of the position not only did not lose money, but also made a lot of money?”

“good!”

After telling the whole story, Wang Jintang’s expression became much more relaxed, and his speech became fluent, “I checked just now, and the current floating profit of these positions is about 5 billion, plus the previous reserve, a total of About 7 billion funds.”

“so much?”

  Li Rong’s eyes widened and she almost shouted out loud. Fortunately, she realized that her behavior was inappropriate and covered her mouth before blurting out, “How much money did you make in just one month?”

  Because leverage is applied to futures, so much floating profit is earned with only a small amount of funds. In Li Rong’s subconscious mind, she regarded this part of the funds as privately owned by Zhong Shi and Wang Jintang, which is why she lost her face.

   “Just why did Chung-shih do this?”

After glaring at Li Rong with dissatisfaction, Zhou Deping asked puzzledly, “Could it be that he plans to start a small business by himself? No, no, it’s not logical, he won’t be interested in this little money. I really don’t think so.” I understand, when the situation was so good, why did he keep such a hand?”

“yes!”

  Zhao Fei also frowned, “If it’s hedging, I can understand it, but this part of the position is obviously not proportional to our investment. The most important thing is, why did he hide this matter from us?”

   “My opinion is that Mr. Zhongshi is waiting for this day!”

After being silent for a long while, Wang Jintang finally expressed his thoughts, “In case of a crash, he just dumped this part of the position to raise funds for future counterattacks and at the same time disrupt the deployment of short positions. One of the generals in the bear camp turned against him, and he was of a very high rank.”

“If the short sellers are in the most aggressive situation, if a part of the short sellers suddenly turn back, it will inevitably cause chaos in the entire camp. In this case, if there are strong funds involved, it may be able to reverse the situation in one fell swoop. This is my After a few days of hard thinking, I think the conclusion is the closest to the truth.”

   “Is that so?”

  After hearing Wang Jintang’s words, Zhou Deping’s eyes lit up, and he rubbed his chin and muttered, “I have to say, this is indeed very effective. It’s just…”

   “We can try.”

Li Rong also nodded accordingly, “If you do this, it will indeed arouse the suspicion of the short sellers, and then divide their attacks. After all, tens of thousands of empty orders have a great impact on the market. The current situation is relatively Yes, shall we put this part of the position on the market and test the reactions of all parties?”

   “No matter what, treat a dead horse as a living horse doctor!”

   Zhao Fei, who was the most impatient, said without hesitation, “Although we have no follow-up financial support, the index has now fallen to 2950 points, and the three major futures contracts will soon reach their limit. It will be too late if we don’t take any action.”

   “Xiao Wang, what do you mean?”

  Glanced at the futures trend chart, Zhou Deping’s eyelids couldn’t help but twitched twice, he turned his head and said solemnly to Wang Jintang, “This part of the position was established by you, and we want to ask for your opinion.”

   Thank you Clover Can’t Bear, Demon Dragon Warrior, Pie, Sweet Orange, Touch? Jump, cpower and other book friends voted for monthly tickets! Thanks to Bald Kobayashi, Hao vbbfd, Guan Yuyu, Muluburen, Chulong Baby, Lao Nafahao Takong, Gu Hanyun, and Yicang Nanyi for their recommendations! There are a lot of trivial matters in the two days of the weekend, and the number of words is a bit small. I hope everyone will forgive me. I will continue to stick to it as soon as the end of the month is approaching. I hope everyone will vote more. Friends who do not have monthly tickets are best to vote for more recommended votes. The author expresses his gratitude~

  (end of this chapter)