Volume 2 got Brother Copper, Brother Copper 616 made matters worse

Next chapter

He Xiangu's buyer's orders are not only huge and unprecedented, but the price has also climbed to a new peak. ￥f。 ￥f

It even gave a high price of $9 per pound!

This is a combination of Australian orders and Morgan consortium orders, and the price has increased by 50 cents.

As soon as this price came out, it caused a wail.

All orders with bids below this number are instantly rendered useless.

Because the supply of copper in the market is particularly tight now, even sellers below this price are not available.

However, there is at least some hope.

He Xiangu's order was in vain, cutting off all hope.

Because of the law of the market, the one with the highest price wins.

This 60 million contract order is not only expensive, $9 a pound, but also the contract amount is huge, even if there is some supply in the future, it will not be enough for it to eat.

Although the board of directors of the Morgan consortium has taken some measures to remove those responsible and raise the price to close the position, these measures have not seen any effect!

Even at a high price of $8.5 a pound, no one is selling!

Not a single one!

These people are all elites in the financial industry, of course, guessing the fame here, it is by no means a small price increase that can satisfy the opponent!

They also know that although the 10 million contract of the Morgan consortium is also very large, it is enough to make Morgan break his muscles and bones, and even make it impossible to recover, but for the entire market, it is just a drop in the bucket.

They know that now the entire market has accumulated almost 200 million seller option contracts.

In other words, all these contracts need to be closed!

Someone has to sell the corresponding contract.

In the chairman's seat sat the contemporary head of the Morgan family, whose full name is John Chris Morgan.

It was he who broke his arm, removed himself from the post of president, and concurrently served as the president.

Of course, he knew that whoever sat in this position at this time would be roasted on the stove.

The temperature of this furnace is at least more than 10,000 degrees.

Next to him was the outgoing president, Jamie Dimon.

Jamie is known as the most prominent financier in the industry and has been the president of Morgan for a long time.

Under his leadership, Morgan achieved an average net profit of $200 million per quarter.

Even in times of general depression, his performance has been reversed, and he still maintains a quarterly profit of $200 million.

This brilliant record of amazing talent was ruined by a simple investment decision mistake!

Financially, even if he has worked for ten years, it is only 50 quarters.

With a profit of $200 million per quarter, the total profit is only $10 billion.

But what about the losses?

It's already $2,000 billion!

In other words, the loss caused by his decision-making mistake is already 200 times his profit.

This result, needless to say, is enough for him to be ashamed.

If it weren't for John's order, Jamie would have jumped off the Morgan building.

Such a blow was really unbearable for him.

Jamie and John are excellent friends, and it can be said that Morgan is where he is today because of the cooperation between the two of them.

John is naturally familiar with Jamie's genius ability, and knows that no one can compare to Jamie in terms of investment decisions, but when things come out, someone must be responsible, and it is Jamie's direct decision that causes this loss.

It is not easy to find a scapegoat for such blame.

Therefore, John could only slash the horse with tears.

But after he was killed, no one could go up to it, he just had to drive himself to the shelf.

However, the first thing he did was to appoint Jamie as executive vice president, and he still had to do the specific work.

Therefore, when the board of directors was in session, he, the culprit, was also asked to attend.

It's the kind of character who has a voice, but no decision-making power.

"It's getting here, it's getting worse, Jamie, what are you going to do with it?"

Seeing that his $8.5 a pound order was meaningless, John nodded.

The other sensible, not experts, have long been confused.

They don't understand the intrinsic secrets of futures even in ordinary times, and now such a big loss makes them even more angry, and they are even more confused, and they can't be counted on to come up with ideas to find such a thing.

"John, I know that this is all caused by me, and I deserve to die! But at this time, even if there is no supplier order, it is difficult for a clever woman to cook without rice, and I have no choice! You know, if you want to reduce the price, unless you start from both the supply and demand sides, or reduce the buyer's order by a large amount, or increase the seller's order by a large amount! The buyer's order is obviously not under our control, this is the killer weapon of the other party! Not to mention the reduction, as long as they do not increase, the sun will come out of the west! It is estimated that they will not stop, and they will certainly take advantage of the fire to rob and intensify their efforts! If it were mine, such a once-in-a-lifetime good opportunity would never be taken advantage of! As for the large increase in sellers' orders, our original problem was that we were overselling, and we needed to replenish our stocks, and if we sold them again, it would only make matters worse and make the problem even worse! If these two roads do not work, I have no other way, but ......

"But what?"

John was getting frustrated the more he listened, and he quickly grabbed at the straw.

"This is a technical operation problem, this business is operated by the futures part itself, we can completely separate this department, let them become a limited liability company, and then how much will be lost only this limited company is responsible, and it will not involve the headquarters of the Morgan consortium!"

There was an outside director here, who happened to be a well-known lawyer, who was very familiar with all aspects of corporate law.

John hurriedly asked him, "Tony, do you think this method works?"

Tony the Bald pondered for a while, then said cautiously: "If there is no other way, you can try it! Everyone knows one thing, there is no doubt that this is a fraud! Because we did not set up this limited liability company in advance, but made up later, the transaction comes first, and the legal company comes later, and once it is discovered, the decision-maker will bear legal responsibility! According to my experience, if such a fraud involves a huge amount of money, it is difficult not to be noticed; once it is noticed, it must be checked! After revealing the stuffing, it is a double loss. ”

John asked Jamie, "What do you think, do it or not?"

Jamie said: "If you don't do it, you will definitely be doomed, and if you do, there is about a 50% chance of success! Even if it is discovered, the situation cannot be worse! However, you are the decision-maker, and I will do what you decide." ”

There was a sadness in John's heart, estimating that the Morgan family, which had experienced countless winds and waves, was unable to escape this time.

On the whole, there is a glimmer of hope in making an article on futures companies.

He looked at everyone else and finally announced: "I have made the final decision to separate the futures, and the time is set for a month before the trade! Tony and Jamie are in charge! If I can get past this hurdle, I will share the blessings with you in the future! If something goes wrong, I will bear the responsibility alone!".

(To be continued.) )