Li Xin pointed to the TV screen and said: "This is Wall Street, if there is a financial storm in this place, the stock market index and commodity futures will only fall, not rise!"

"What does Lehman Brothers do?"

"The collapse of one of the world's leading investment banks can trigger a chain reaction. In this case, the price of the Dow Jones and London copper may have just begun to fall, and I will not close the position even if the price of copper is down in the domestic futures market next Monday!"

"The limit is not closed, so when are you going to wait?"

"I expect there to be at least three down limits. ”

"Then aren't you going to make more than 100 million again?"

"Hehe, now you know why I was staring at the price of copper when I was in Shanghai last week? ”

"Did you have a sense in advance that something like this was going to happen on Wall Street?"

"That's not it, I'm just analyzing from a technical point of view that the Dao Finger and London Copper have room to continue to fall, who knew that Wall Street would have such a blockbuster news over the weekend, God really helped me. ”

Xia Xiaona thought for a while, and then asked: "If the domestic copper price falls sharply after the holiday, won't the group's life be even more sad?"

Li Xin said: "Yes. Xia Xiaona reminded him of this, and he said: "I don't know if Xue Chenzhi and the others have paid attention to the trend of copper prices in London during the National Day holiday?" Why don't I send a text message to remind them?"

"Yes, remind them of the risks. ”

So Li Xin picked up his mobile phone and sent a text message to Xue Chenzhi: Chairman Xue, the London copper price has fallen by more than 14% this week, and I estimate that the domestic copper price will also fall sharply after the opening on October 6, and the group's products should pay attention to the price risk.

Li Xin's worries are reasonable, usually Xue Chenzhi and the others don't pay much attention to the fluctuations in the prices of the peripheral market, and they will only ask for any data they need from Li Xin, but now Li Xin is on marriage leave, and a lot of data needs to be collected by themselves and checked on the computer by themselves. If it was on a working day, Xue Chenzhi might still go to the computer to look at the relevant data, but this is the National Day Golden Week, and Xue Chenzhi took the whole family back to his hometown.

In his hometown, he gathers with friends and family every day, and three or four of the five or six days are drunk, and he is unlikely to find time to follow the trend of copper prices in London.

The text messages Li Xin sent him today were all drowned in his other mobile phone text messages.

His phone often receives all kinds of advertising text messages, so he has developed the habit of not reading text messages. And he is in this position, and other people who ask him to do things usually call him directly, and rarely contact him through text messages. So he didn't read the message Li Xin sent to him at all.

Although Yuan Jie is the vice president of a futures company, she is responsible for the development of customers, and she has no positions herself, so it is impossible for her to keep an eye on the London copper price and the Dow Jones Industrial Index every day like Li Xin during the festival.

During the National Day holiday, she took her son and mother to the beach for a vacation, and did not fly back to Jiangcheng from the beach until the evening of October 5. So she, like Xue Chenzhi, was ignorant of the sharp drop in copper prices in London this week.

Monday, October 6.

At 8:30 in the morning, as soon as Yuan Jie entered the company, she heard the employees chattering about the matter of Luntong, she felt a little strange, so she asked, "What's wrong?"

The company's employee replied to her: "Vice President Yuan, the price of copper in London has plummeted. ”

"Really, when?"

"It has been falling during the National Day, with a cumulative decline of more than 14%, and it opened at 8:00 this morning and plunged again, and it has fallen by 3.9% so far. ”

"Ah, it's fallen so much, what's going on?" Yuan Jie was stunned.

"Wall Street financial turmoil, several of the world's top 2 investment banks have collapsed because of the subprime mortgage crisis!"

"Then won't this kind of thing continue to ferment in the future?" Yuan Jie also reflected that the matter was a little serious now.

"Who says it isn't? I'm afraid the fall in London copper prices has just begun, and now the fatal problem is that domestic copper prices have been closed for a week without trading, and this morning as soon as the market opens almost certainly on the down limit, many customers will blow up as soon as the market opens. ”

"Then you should quickly notify the customers, remind them to pay attention to the risks, and the customers with insufficient funds should let them make up the funds immediately, otherwise they will be forced to close the position immediately after 9:30. Yuan Jie roughly calculated in his heart, according to what the staff just said, London copper fell by 14% last week, and fell by nearly 4% this morning, which means that the cumulative decline of London copper in these two weeks is 18%. In this context, the domestic copper price must be a falling limit at the opening today, and it is very likely that there will be two more falling limits tomorrow and the day after tomorrow. Many customers who hold long orders will be liquidated as soon as the market opens this morning, even if they add funds, they may be liquidated again tomorrow, and they have to add additional funds.

Sure enough, at 9:00 a.m., the price of domestic futures copper opened, and the opening price was 51,210 yuan, which was directly on the falling limit. This price fell by 2,150 yuan compared with the previous trading day, a decrease of 4.03%.

There was a roar of "wow" from the trading hall of the futures company's customers, although everyone knows that the price will definitely fall sharply today, but many people are still very surprised by the opening of the falling limit. The long position with a heavy position can only choose to quickly put the sell and close the order into it, because there are now more than 40,000 orders sold, and it is a question whether they can close the position in today's transaction and exit the market. If you can't close the position today, and there is another drop limit tomorrow, the loss of funds can be imagined.

Yuan Jie only recalled what Li Xin said to her when the two communicated on the phone that day after Li Xin opened a position. This time, Li Xin judged it right, if he followed his own ideas and came to short after the bearish trend was fully established on October 6, there would be no chance at all.

The current situation is that there are 0 bids and more than 40,000 lots of selling. Nearly half of the more than 40,000 sell orders must have been left by the bulls, and many of the remaining orders were chased by the bears after the bearish trend was established.

But in the current situation, there is almost no possibility of closing the short order. Because Yuan Jie can clearly see from the disk that it has been open for nearly 15 minutes now, and the number of transactions is only two or three hundred lots.

Moreover, these two or three hundred orders must be orders for selling and opening short positions before today. Because in the current situation, no one is stupid enough to buy and open a position at this position.

There is no short take profit to leave the market, and there is no long buy on dips, and it is difficult to trade the more than 40,000 short orders that are now hanging on the disk.

Yuan Jie roughly calculated an account in his heart, Li Xin's 4,000 empty orders earned nearly 42 million yuan as soon as the market opened today. And it took only a week.

Also this morning, as soon as Yuan Jie entered the office, her subordinates reminded her that London copper had fallen, and domestic futures copper would also fall sharply.

But when Xue Chenzhi walked into the office, no one reminded him of this problem, because no one paid attention to the information that should be paid attention to.

Until 9 o'clock in the morning, Xue Chenzhi saw on the computer screen that the price of futures copper was hit on the falling limit as soon as it opened, a result that he was most unwilling to see.

Frightened, he grabbed the phone and called Zheng Guorui: "You hurry up." ”

After listening to Xue Chenzhi's call, Zheng Guorui didn't dare to delay for a moment, and immediately went upstairs to Xue Chenzhi's office. He rarely heard Xue Chenzhi speak in a panic like this, he couldn't figure out what was going on in Xue Chenzhi's office, and he didn't dare to ask more.

When Xue Chenzhi saw him come in, he asked, "What's the matter with the copper price?"

Zheng Guorui was confused: "What's going on, what's wrong?"

Xue Chenzhi grabbed a folder on the table and slammed it on the table: "Today, the price of domestic futures copper hit the falling limit as soon as the market opened, why didn't anyone talk to me in advance about such an important matter?"

Zheng Guorui said cautiously: "I don't know much about this matter." ”

As soon as Xue Chenzhi heard Zheng Guorui's words, he knew that he hadn't looked at the price trend of futures copper at all, and if he hadn't told him himself, he might still be in the dark now. Thinking of this, Xue Chenzhi was even more furious: "I have reminded you many times before that you must pay close attention to price changes in the international and domestic markets, and now you see, no one has told me about such an important matter beforehand." I don't understand, isn't there anyone specifically responsible for such an important matter?"

Zheng Guorui's eyes rolled: "Li Xin was in charge of this matter before. ”

"Where is Li Xin, why haven't you seen him in the past few days?"

"He's on marriage leave. ”

Xue Chenzhi ordered Zheng Guorui: "You call him now, and I'll tell him." ”

Zheng Guorui didn't dare to slack off, and quickly dialed Li Xin's phone with his mobile phone. After the phone was dialed, Zheng Guorui handed the mobile phone to Xue Chenzhi.

Li Xin was in the hotel room at this time, and he was also sitting in front of the computer to watch the opening of futures copper prices. Just as he and Xia Xiaona were rejoicing, his cell phone rang.

Seeing that it was Zheng Guorui's mobile phone number, and then contacting the trend of today's sharp decline in domestic copper prices, Li Xin roughly estimated that Zheng Guorui called at this time to ask something, so he picked up the phone and said, "Minister Zheng, hello, what's the matter?"

Xue Chenzhi said: "It's me, Li Xin, where are you?"

Li Xin was stunned for a moment, and it took a second or two for him to react, the person on the phone was not Zheng Guorui, but Xue Chenzhi. So he replied, "Oh, it's the chairman, I'm in Xi'an." ”