Chapter 261: Cornered
Li Xin's words, like a scoop of cold water, once again extinguished the flame of hope that bubbled up in Liu Zhongzhou's heart.
Liu Zhongzhou himself knew that he had withdrawn the liquidity of the sales company and the smelter to maintain the positions in the futures account, which was just an expedient measure to solve the temporary urgency. According to his original prediction, these funds will be used until the end of this year, which is not a long-term strategy, because this will seriously interfere with the production and operation of smelters and sales companies, and bring great hidden dangers.
But things are not as he thought, before the end of this year, that is, after a month or two, the position in hand will not be able to complete the task of making up for losses.
That's why he set his sights on the market in the second half of next year, but in this way, this temporary occupation of funds will become long-term occupation, as Li Xin said, this is obviously unrealistic.
The funds are not enough, it is absolutely impossible to open a position, this year's sale of 20,000 tons made Liu Zhongzhou suffer, with the price continues to rise, in the past few months, he is like a firefighter busy everywhere to save emergencies, trying to find funds everywhere to raise the warehouse things have been done several times.
If it is like this to open a position next year, he can't even think about it!
But even so, Liu Zhongzhou is still unwilling, after all, this is the only chance to turn defeat into victory in front of him, he looked at Li Xin and asked: "The copper price cannot be at a high level of about 60,000 yuan for a long time, sooner or later there will be a fall, such an opportunity is too rare, wait for so long, stay up for so long, it's a pity to miss it, don't we have any other way?"
Liu Zhongzhou's current mood is like a drowning person, anxious to grab something that can save his life, and his eyes reveal a kind of expectation, hoping that Li Xin can give him a good suggestion to get rid of the current predicament.
After Li Xin listened to Liu Zhongzhou's words, he felt very embarrassed, and he secretly thought: Where can this method be thought of temporarily. After hesitating for a while, he said: "Whether it will continue to fall in the future, and how big the decline will be, if you can't make a clear judgment on these two points, it will be difficult to determine when to enter the market." Also, on the issue of funds, at most, you can only sell a few thousand tons to 10,000 tons of open positions. ”
Li Xin's words made Liu Zhongzhou completely fall into despair. He has been insisting on being bearish until now, but in fact, the confidence in his heart is far less than the confidence in his mouth. For such a long time, the continuous rise in prices and the continuous expansion of losses have exhausted the little bit of spirit in his heart.
Although he still stubbornly believes that the price will eventually fall sharply, it is naturally easy to think about this idea in his heart, and he is already a little tiptoeful to really use real money to bet on this decline in the futures market.
Putting aside the issue of funds for the time being, just like Li Xin said, will this price continue to fall? How much will it fall? This is the most critical question, if it is like the 20,000 tons sold last time, what should we do if we wait for it not to fall after selling, but to continue to rise?
Another point, the most fundamental reason why Liu Zhongzhou wants to enlarge the position of selling and opening next year to 30,000 tons as soon as he opens his mouth is that he has lost the confidence to be bearish for a long time in his heart. He enlarged the position to 30,000 tons, because he wanted to bet that the price would definitely have a chance to pull back about 10,000 yuan from the high level, and seize such an opportunity to get back the loss of 330 million yuan.
As long as this goal is achieved, he will immediately retreat, and the statement of selling hedging is actually in name only in his heart.
However, the cruel reality is that the funds on the account can be sold at most 10,000 tons. In order to recover the original loss by relying on this number of positions, the price must fall by 30,000 yuan, and such a decline seems to Liu Zhongzhou himself to be like a fantasy, which is completely impossible.
At this time, Liu Zhongzhou gradually realized that his plan to move back to the loss in the futures market was now completely hopeless, and his heart was extremely cold.
In fact, people are supported by the spirit, and the spiritual pillar of people is hope. Those who are full of hope are full of spirit, while those who have lost hope are languishing.
The hope that has supported Liu Zhongzhou to persist until now is to recover losses in the futures market. Now that his hope was completely shattered, Liu Zhongzhou was like a balloon that had been drained of air on the spiritual level, and it collapsed in an instant.
He knows what it means that the loss of 330 million yuan cannot be made up, and he will definitely not be able to be the chairman next year, and as for other punishments, he has not thought about it yet.
What he has to think about now is how to clean up this mess himself. Now there are two contracts in November and December with a total of 4,000 tons of sell positions on the account, and what I can do now is to break the last bit of tail, and then count what the final loss is, and think about how to report this matter to the above.
Liu Zhongzhou cleared his throat and asked Li Xin with a little effort: "Then what should I do with the remaining 4,000 tons?
Li Xin was surprised to find that Liu Zhongzhou's voice suddenly became hoarse, which was a big change from a few minutes ago.
He didn't know if Liu Zhongzhou was not feeling well, and he couldn't ask, so he had to answer Liu Zhongzhou and said: "Since it has fallen by four or five thousand yuan now, and there is only more than a month and less than two months left before the final delivery date, we are not sure whether it will continue to fall in the future, so it is better to take advantage of this decline and close all of its positions." ”
Liu Zhongzhou, who had completely lost the opportunity to turn the tables, after listening to Li Xin's words, suddenly had a feeling in his heart that he wanted to end this trouble that had entangled him for a long time as soon as possible. He said: "That's okay, you can find a chance to close all the positions in the next day or two!"
Li Xin said, "Okay. ”
Liu Zhongzhou was silent for a while, and said to Li Xin: "That's it, you are busy with your go." ”
Although Liu Zhongzhou tried his best to hide it, his frustration was still seen by Li Xin.
After Li Xin went out, Liu Zhongzhou still sat on the sofa for a long time, and he pondered alone there: The loss of 330 million yuan in futures has been hidden from the higher authorities until now.
All this because there has always been hope in his heart to turn around in the futures market, and now this hope is completely shattered, how to deal with the aftermath has become the most important thing in front of him, once the news is poked out, it will undoubtedly cause a violent shock in the industry, and he has to consider how to minimize the negative impact.
Liu Zhongzhou's abnormal behavior today not only felt strange to Li Xin, but also felt very strange by Yu Hong. When she received a call from Liu Zhongzhou asking for coffee, she thought that some distinguished guest had come to visit Liu Zhongzhou, but when she went in with coffee, she found that this coffee was actually prepared for Li Xin, because Liu Zhongzhou rarely drank coffee when he was alone.
After returning to her office after delivering the coffee, Yu Hong began to ponder: It seems that Li Xin is going to be lucky.
Although Yu Hong was transferred to be Liu Zhongzhou's secretary after Wu Yunyu's resignation, she did not understand the various disputes that occurred in the early stage of hedging, but she was clear about the huge losses of the group in the futures market and Li Xin made a lot of money.
In her opinion, it was only a matter of time before Li Xin was promoted, and today's extraordinary reception of Li Xin by Liu Zhongzhou was a prelude?
Just as she was guessing, she heard the sound of Li Xin's office door opening on the opposite side, and Yu Hong knew that it was Li Xin who came back from Liu Zhongzhou, so she got up and followed in: "Assistant Li, how do you feel?"
Li Xin raised her head to look at Yu Hong, and asked inexplicably, "How do you feel?"
Yu Hong said with a smile: "It's not often said in the movie that if you are invited to drink coffee by some departments, it will feel very unpleasant, I don't know how you feel about the cup of coffee that the chairman invited you to drink today?"
Li Xin said: "Don't you know what the coffee you brew tastes like? ”
Yu Hong said: "You just play stupid with me, is that what I mean?"
Li Xin smiled and said, "Then what do you mean?"
Yu Hong said: "Except for the people who come to talk to the chairman from outside the group, I have never seen him invite anyone in the group to coffee, you are the first, how does it feel?"
Li Xin said: "It's not good, it's better not to drink." ”
Yu Hong frowned when she heard this, and said, "This is even more intriguing." ”
Li Xin said: "You have a lot to do, you can figure out something else about anything!"
Yu Hong said: "This matter is unusual, the chairman can't invite you to have coffee and chat, what did he tell you, reveal a little?"
Li Xin said: "It's similar to chatting, just discuss the matter of closing positions on futures, nothing else." ”
Yu Hong was a little unconvinced: "It's really that simple, he didn't tell you anything big?"
Li Xin said perfunctorily: "You can really guess, can he talk to me about big things? He just told me to do some small things like closing positions." ”
Yu Hong said incredulously: "Oh, how many positions do you have now?"
Li Xin said: "4,000 tons. ”
Yu Hong asked again: "How much did you lose this year?"
Li Xin said: "Didn't you say it when the management had a meeting? The minutes of the meeting you made are roughly that number. ”
Yu Hong grimaced and said, "So many?"
Li Xin said: "These things are still confidential, and before they announce it to the public, you don't go outside to talk nonsense, so as not to cause trouble." ”
Yu Hong said, "I know. ”