Li Xin said: "If the price does not rise or fall, then hello, I am good, everyone." The group closed these positions in its hands and came out with a loss of 20 or 30 million. ”

Wu Yunyu said: "The group lost twenty or thirty million and still said it was good?"

Li Xin lowered his head to eat and did not speak.

Wu Yunyu asked reluctantly: "Okay, let's not talk about this, what about the third situation, what will happen if the price rises?"

Li Xin whispered: "Think about it, after today, there will be 20,000 tons of short positions in the group's account, and the current loss is 30 million, if the price continues to rise, what do you say? For example, if the price continues to rise by 2,000 yuan, the loss will expand to 70 million yuan." ”

Wu Yunyu's eyes widened and asked, "Is that really going to be like that?"

Li Xin said: "Who can say for sure! What I'm saying is that this may be one of the situations. ”

Wu Yunyu thought for a while and said, "Then why do you say that everyone is good if it doesn't go up or down?"

Li Xin said: "In that case, I won't lose money, and I can earn hundreds of thousands of yuan, hehe." ”

Wuyunyu pursed his lips and said, "No wonder!"

Li Xin said: "Looking at your disdainful face, do you think I'm only caring about myself like this?"

Wu Yunyu smiled: "A little, but I didn't say this, you said it yourself." ”

Li Xin pointed her head with her finger and said, "You didn't say that on your mouth, but your face was exactly that." You have wronged a good person, and it is just that others don't understand the situation, and you shouldn't think so. When I raised my objections at the meeting, you didn't see what the chairman's attitude was, he ate my heart, what else do you want me to do?"

Wuyunyu thought about it and said, "Yes, I saw that you were quite pitiful at the meeting that day, and you were criticized like that, hehe." ”

Li Xin said: "You just gloat, right?"

Wuyunyu said, "No. Eh, tell me, which of the three situations we just talked about is the most likely?"

Li Xin said: "If you want me to say that of course it is likely to rise, otherwise what would I buy it for." If you ask the chairman of the board of directors this, he must think that there is a high possibility of a decline, or he would not have done that, and he would have sold 20,000 tons, right? But if you think about it, what will be the situation in the future, no one will say it, and you will have to wait, and you will naturally know when the time comes. ”

Wu Yunyu said, "Isn't it too late then?"

Li Xin said: "Otherwise, what do you say, or I will travel to the next few months to see what I am doing here?" Also, it's too late for you to say it, it's just for the wrong side, and for the right side, it's just about time!"

At this moment, Chairman Liu Zhongzhou walked in from outside the door and asked, "Li Xin, how is the transaction in the morning?"

Li Xin said: "Sixty percent of the transactions have been sold, and the remaining afternoons should be all sold out." ”

Liu Zhongzhou asked again: "What about the price, has there been any change?"

Li Xin said: "Compared with yesterday's closing price, it is basically flat. ”

Liu Zhongzhou didn't say anything after listening, turned around and went out.

After Liu Zhongzhou disappeared at the door, he grimaced at the dark cloud jade with his back to the door and said, "When did he come in?

Li Xin said: "Just now, he came in as soon as we finished talking, I don't think he heard it." ”

Wu Yunyu said: "In your office, you can hear it clearly in the corridor, as long as he stops at the door for two or three minutes, he will hear everything." ”

Li Xin smiled: "Do you think the chairman is the same as you? ”

When Wu Yunyu heard this, he glanced at Li Xin and said, "I didn't eavesdrop on you!"

Li Xin hurriedly said, "Even if there isn't, hehe." ”

Wu Yunyu said unhappily: "What do you mean even if you don't have it? ”

Li Xin said: "Yes, yes, no, no. I have said this to Huang Hongliang and Minister Zheng, so that they can convey my intentions to the chairman, and if he hears what we just said, it will save a lot of trouble. ”

At this time, Wuyunyu's face gradually softened. She stood up and said, "Have you finished eating?" I'll help you wash the dishes. ”

Li Xin said: "No need, you go first, I'll come by myself later." I'll have to rest for a while, and I'll have to get back to work in the afternoon. ”

Wuyunyu said, "Then I'll pass." ”

Li Xin said, "Yes. ”

The changes in the two futures accounts of the Southern Group once again attracted Yuan Jie's attention.

She originally thought that the Southern Group had only completed the transfer of funds yesterday, and she would have to wait to see before she would operate again, but she didn't expect that they would start to sell and open positions early this morning.

Looking at the increasing positions in the two accounts of the Southern Group on the computer screen, their resolute short-selling momentum made Yuan Jie, a bystander, also amazed.

Southern Group has long been the largest customer of Yuan Jie, a futures company, and the number of positions they have so far is not only the largest in Yuan Jie's company, but even in the entire futures copper trading market, there are only a handful of single customers of this scale.

Yuan Jie's attention was focused on the two accounts of the Southern Group all day today, and she opened them every once in a while to take a look, wondering how many positions they would sell and open today.

By more than ten minutes before closing, the amount on the account did not continue to grow. She carefully counted that in five contracts, these two accounts held a total of 20,000 tons!

She now understands why Li Xin was tight-lipped yesterday, that is, she didn't say when she opened a position or how many positions she opened. If such news is known by others and takes the opportunity to lower the price, the profit margin of the Southern Group may be reduced by millions of yuan.

But then again, in this market now, prices seem to be easy to rise and fall, and it is not easy to suppress one or two hundred yuan.

Let's just say that the Southern Group sold 10,000 tons of short today, and by the time it closed, the futures price not only did not fall compared with yesterday, but rose by more than 30 yuan.

Although the increase is insignificant compared to the copper price of nearly 40,000 yuan a tonne, the rising and falling are two completely different concepts. If the price of copper in futures falls today, the leaders of the Southern Group who are bearish on copper prices should be sunny in their hearts. But the current situation is that under their selling pressure, the price of futures copper has risen instead, I don't know what the leaders of the Southern Group who are bearish on copper prices will think when they see such a result.

Yuan Jie carefully pondered in his heart, the news of the second sale of reserve copper not long ago did not suppress the copper price, and today's selling and opening of the Southern Group still has no effect on the decline in copper prices.

If you compare these two things, the former sold 20,000 tons, but not in the futures market, but in the sales market. The news of the sell-off was widely announced in advance, and the psychological impact was still quite large.

The quantity sold by the latter is 10,000 tons, which is only half of the former, and the news is blocked, and outsiders who know the news are estimated to be only themselves. Such a move will basically not have any psychological impact on the market, but it is worth noting that the 10,000 tons are all sold in the futures market, and the impact on futures prices is more direct than the former.

But even if the Southern Group sold such a large amount today, the price still went up.

Thinking of this, Yuan Jie couldn't help but have a lot of thoughts: If there were no 10,000 tons shorted by the Southern Group today, wouldn't the price be higher?

She remembered that when she talked to Li Xin on the phone yesterday, when talking about the situation faced by Li Xin's long positions, Li Xin finally said ambiguously that she had to think about it, would he close the position and leave the market before the Southern Group sold and opened a position after thinking about it last night?

She immediately opened Li Xin's account again, and when she looked at it, the 1,000-ton long position inside was not moving.

Yuan Jie thought to himself: The attitude of the Southern Group to be short is very resolute, and Li Xin's attitude to be long is also unwavering, and from a certain point of view, Li Xin's attitude seems to be more resolute. Because Li Xin was bullish at a high level knowing that there was an opponent on the opposite side who was twenty times stronger than him. I don't know if in the face of the same situation, if there is an opponent who is 20 times stronger than himself is bullish and buys, whether the Southern Group will dare to continue to sell bearishly.

Yuan Jie suddenly realized that the bullish Li Xin and the bearish Southern Group are two typical representatives of the long and short sides in the futures copper market.

Yuan Jie has worked in futures companies for many years, and he has seen a lot of various customers on both the long and short sides, but they are all small retail investors, with limited strength, and they are not representative at all.

Yuan Jie is also the first time to see such a powerful customer as Li Xin and Nanfang Group, and such a confrontational relationship between them is almost the epitome of the desperate struggle between the long and short sides in the futures copper market.

If it weren't for these two vivid examples in front of her, Yuan Jie might not have felt the tension of the confrontation between the bulls and the bears at all, just like others, and now looking back at Li Xin and the Southern Group's continuous increase in capital investment and continuous expansion of positions, she felt the suffocating sense of oppression.

The price of futures copper is at such a high position, and the long and short sides have invested so much money in the confrontation, looking at the increasing number of positions on the main contract, we know that once the market breaks through in a certain direction in the future, it will be a catastrophe.

The silent silence in front of us is nothing more than the dead silence before the qualitative change of events, and the contradictions and conflicts between the two sides are becoming more and more intense, and they cannot be reconciled at all.

It's like a rising flood and a rising levee, and there is a life-and-death relationship between the two, either the levee stops the flood, the flood slowly recedes, and the levee stands. Either the flood will break the levees and devastate them.