Chapter 72: All In
The Tamsui Fund is small, and it is barely enough to deal with in normal times, but when it comes to things like gathering intelligence, it is not very efficient.
Ye Dongqing plunged into his office, using scattered information on the Internet to explore market trends, the recovery momentum of the Nasdaq IT sector this week has been too violent, so fierce that he feels that the market confidence is not enough to support the current index, and most of them will usher in a pullback in the near future to lay a solid foundation for the next rise.
Since 2000, the downward trend has successfully crushed the confidence of brokerages and ordinary investors.
Every time it is said that it is the bottom, but it has not been able to see the bottom, once a famous manager said, want to copy the bottom is tantamount to receiving the falling flying knife, many people are like this "flying knife" pierced in the head, after the trap can not see the hope of returning to the capital.
Ordinary people are staring at small profits, but Ye Dongqing is good at grasping the general trend, he does not know the performance of a stock in a specific time period, but he knows that if it develops for a long time, there will be a market in the future.
It is precisely because of this that after watching it for nearly two hours, I am still stuck in the quagmire, unable to determine which stock to bet on.
There is still a week to hesitate, simply put these aside, close the webpage and turn to search for the latest international news, every turbulence, there are business opportunities behind each change, and it is not a rule that you have to invest in stocks, bonds, currencies, commodities can also make money, he needs to find the most secure, the most volatile profit point, diversify investment to avoid risks, do not seek to earn the most, as long as it is better than little Edward.
End of 2002.
Ye Dongqing found on the Internet that Huaxia recently announced the "Interim Measures for the Administration of Domestic Securities Investment by Qualified Foreign Institutional Investors", and there is a chance to make money by investing there, but it is only suitable for long-term investment, and it will not be officially implemented until January 1 next year.
He also found out that the United Nations observers had arrived in Iraq, the friction was already quite intense, and the news in the United States was not objective enough, so he synthesized the relevant news of several well-known European newspapers, keenly smelled the smell of some money, opened the oil futures trading price list, and carefully observed the movements in the past month.
Sure enough, the spot prices of crude oil futures on the New York Mercantile Exchange, Brent crude oil futures in the North Sea, and OPEC crude oil rose across the board, and the price of crude oil futures on the New York Mercantile Exchange rose slightly by 2.9 percent to $2184 per barrel since the beginning of the week, along with the fading hope for peace and the increasing uncertainty of war.
Make a note of this number in your mind, intending to observe it for a few more days.
Today, the United States consumes about 7 billion barrels of oil a year, and the cost of extraction is about $1 to $2 per barrel.
He went to search for news about "oil" in Washington, considering the huge demand and profits, Ye Dongqing felt that for his own interests, some people would definitely raise the price of oil, and the giant game that existed in it was none of his business, and all he needed to care about was whether the oil price would rise as he expected in the next month or so......
I stayed in the company until six o'clock in the evening, and it was already dark at this time in the winter of the northern hemisphere.
Suddenly found that Miss Laura was not there, called her, went home after asking, and took a long detour to buy a cheese sausage pizza, plus a fried chicken set, the company was on Wall Street, and the rented house was also on Wall Street, only a little bit away.
Staying at home all day, worried that Zhao Liuli would be bored, they went out to the supermarket after eating together to buy some daily necessities and food materials.
Ye Dongqing didn't mention what happened last night, and Laura didn't ask anything, this society values privacy as extremely important, but his impression in Laura's mind is that he was successfully classified as a playboy, and if he has money, he will learn it immediately.
What made Laura most disappointed was that everyone was poor and happy together before, but now Ye Dongqing left her and made a fortune, and finally began to regret that she didn't ask for shares at the beginning.
But it's just regret.
Considering the situation at the time, since she was unwilling to go into debt, she was not qualified to be upset now, Laura was very open in this regard, and she was purely to blame for her own vision, she was still very grateful for Ye Dongqing's help......
Amazon's stock did not pull back, but in the next few trading days, it quickly climbed to $24 a share, which is about to double his average price of $12 and 80 cents!
Before, he had the idea of betting on Internet companies, but recently it suddenly rebounded strongly, so he didn't dare to bet.
Tamsui Fund Company successfully made a lot of money, Ye Dongqing sighed, saying that he should not invest in Apple, which made Ms. Vigo, Kanek and others disgraced, and they couldn't wait to dig a hole and jump into it themselves, after all, they suggested sharing the risk and forcing the palace together.
Now it seems that it was a very stupid decision, and looking at the performance of investing in Amazon, it is simply terrifying! In almost a month, a total of tens of millions of dollars were earned!
The employees of Tamsui Fund have long been dumbfounded, speaking of which investing in Apple is Ye Dongqing's own decision, if he had been ruthless, these employees would not have been able to stop him, and it rose sharply last week, so he had the idea of avoiding risks.
Looking back, it wasn't the right decision, but it was true.
Ye Dongqing is not a god, he can't accurately seize every opportunity, and can only find a development path with the greatest grasp in limited resources and memory.
For example, today, in the afternoon, I liquidated all the stocks, and then used almost all the money in the company's account, about $43 million, to bet on oil futures.
The 12.5 times leverage is used to go long, the margin is 8%, and the settlement time is set in three months.
Futures are completely different from spot, spot is a commodity that can be traded, and futures are mainly tradable contracts for certain mass products, such as cotton, soybeans, oil, etc., and financial assets such as stocks and bonds.
He doesn't need to pay all the money at once, he only needs to pay a part as a deposit, which means that he can buy one piece with the money in his hand, but now he can pay an 8 percent deposit to buy 12.5 pieces, determine it in the form of a contract according to the current price, and then pay the balance after the contract expires and take the goods away.
This kind of futures contract can also be traded in the futures market, Ye Dongqing doesn't really need oil, he is betting that the price of oil will rise in the near future, and then throw away the contract and exchange it for money, which is much more exciting than investing in stocks.
It is not only necessary to see that the small is big and can win more profits, but also to see that the losses will also be magnified.
There are two sides to a coin, and leverage is both dangerous and attractive.
12.5 times leverage, if the oil price falls within three months, it doesn't take too much, it falls by about 8 percent, and Ye Dongqing will lose everything.
Including the money recently earned, as well as the principal of investors!
The reason why he made a ruthless bet was that the price of oil had risen to $23 and 40 cents a barrel, and that Washington was constantly making small moves, and oil was mentioned six times in a speech, and the time was approaching.
Today, the total value of crude oil futures in his hands is more than 530 million US dollars, which is equivalent to more than 22 million barrels of crude oil......