"In the first round, 10,000 lots were sold." Tanabe, a senior trader sent by Sumitomo headquarters, glanced at Michio Matsumoto. 10,000 lots of crude oil are worth more than 140 million, although it is not much than Sumitomo's own heavy position, but it is also a large retail holding.

Michio Matsumoto nodded, focusing on the scene in the trading pool and on the electronic screen.

He decided to close the position, but was ready to stop it at any time.

10,000 lots of crude oil were put into the market and quickly dissipated.

With the presence of the Pan Asia Fund, the extra crude oil can easily be eaten.

One minute later, Sumitomo Trading continued to sell crude oil.

The oil price remained at $14.20, which was dynamically stable.

At this price, the Pan Asia Fund will earn two or three dollars for every barrel of crude oil it closes, while Sumitomo Corporation will properly lose more than $2.

Watching the position slowly decrease, the office of Pan Asia Fund was nervous and excited.

Sumitomo Trading's room gradually fell silent.

Michio Matsumoto's head turned desperately.

It stands to reason that when the Pan Asia Fund starts buying crude oil in the trading pool, the price of crude oil naturally tends to rise.

In fact, the liquidation of the pan-Asian fund, which is a big short, may cause a tsunami-like surge.

However, it is up to everyone to make sure that it is really to close the position, and not to deceive. Otherwise, if you make a mistake in judgment, you may fall into the period and lose a lot of money. A typical example is the Chinese stock market, there are always many people who have learned the stock market technology of half a bucket of water, and then buy what falls, and what sells rises, and are harvested by the market makers round by round.

In the eyes of many traders on the London International Futures Exchange, the Pan-Asia Fund, which has earned at least $10 billion, is definitely a cunning opponent.

It is not surprising that the trick of tricking fat sheep into entering the market was carried out by the Pan Asia Fund.

The presence of Milton the Vulture is also a deterrent. The reason why this guy is called a vulture is because he often eats and wipes it clean, and he doesn't even let go of the corpse.

When the vulture stands in the trading pool, shouting to buy, the traders always have to think a little more.

At this time, Michio Matsumoto, the head of the multi-party giant, has two options: to take the opportunity to sell crude oil in order to avoid a more tragic situation, or to continue to hold on, hoping that the upward trend of crude oil will turn into an actual rise, and then walk away with his whole body.

The procedure of the latter is obviously complex and risky, and the former is naturally easy and freehand, but it is doomed to the end of the accompaniment.

In other words, it is Hirano Hidetomo, out of his own philosophy and the idea of breaking the jar, maybe he will continue to choose to persist and wait. As a result, the stalemate will probably continue.

But Michio Matsumoto is different. After he took over the financial sector in London, although the price of crude oil fell somewhat, it was still able to be blamed on Hidetomo Hirano, however, if it dragged on for a long time, the losses after his arrival would become his responsibility. Rather than take a huge risk to exonerate Hidetomo Hirano, Michio Matsumoto might as well give up his plans to make meritorious contributions.

It's just that it takes courage to bear losses.

Sumitomo will inevitably lose $4 billion to $5 billion to close positions above $14, although it is not the largest loss in Sumitomo's history, $4 billion is comparable to the annual profit created by tens of thousands of Sumitomo Corporation's employees and 300 billion assets.

Michio Matsumoto observed the scene in the trading pool, still hoping to find a flaw.

Everything is weird and normal.

Traders from Sumitomo sell, and traders from Pan Asia Fund buy.

The long and short sides have a tacit understanding like partners, who would have thought that just a few minutes ago, they were still in full swing.

Inside the office of the Pan Asia Fund.

Most of the people were busy flying, only Yang Jingshan, a training official from France, no one cared about it, no one accompanied him, and there was nothing to do.

He felt the solemn atmosphere, fidgeting and rubbing around, and finally couldn't help but ask, "Is this ...... What now?"

Except for him, only Su Cheng was an idler, he took his gaze back from the electronic screen, rested his eyes, and said with a smile: "Let's see if Sumitomo is closing or tempting, wait." ”

"Is it better to try or close the position?" Yang Jingshan also hid his heart. If Su Cheng said that the temptation was good, it meant that he still had the confidence to kill the price down, and if it was said that it was good to close the position, it would mean that there was not much remaining strength in the Pan-Asia Fund.

Su Cheng smiled and didn't speak, and refocused his gaze on the electronic screen.

Yang Jingshan was disappointed. But in the face of Su Cheng, he really didn't have the qualifications to let the family answer.

"Electronic disk, there are 2,000 sell orders. A junior trader shouted.

"Accepted. "Without Su Cheng's order, Qi Xiao did it according to the process.

"Artificial disks. Sumitomo sold 10,000 lots. The junior trader on the other side roared again.

This time, there is no need for Qi Xiao to say, the following Milton himself did it.

Su Cheng nodded slightly and said, "The amount sold is not small." ”

A transaction of hundreds of millions of dollars is not less than any exchange in the world, which also shows that Sumitomo Trading Company really has the intention of closing positions.

Not only did he have such thoughts, but Ito Trading's allies such as Sumitomo probably saw it.

At this moment, the multi-party army composed of multiple institutions was immediately filled with an air of suspicion.

Sumitomo Corporation's move can be seen as a temptation to Dahua Industrial, or it can be seen as Sumitomo's capitulation.

It's like a defeated dog, showing its belly.

When any interpretation is possible, many parties naturally fall into the prisoner's dilemma.

For the gentlemen of many sides, if they hold out together, the losses will certainly be smaller than if they surrender outright, but if one side escapes first, the guys who stay behind will have to bear more losses.

If it is a long-established financial institution in the City of London, it will now proactively contact other financial institutions.

But Michio Matsumoto is an outsider, and he has the mood of being a dead friend and not a poor man, and the difference in trust between the two sides can be imagined.

When the third 10,000 lots of crude oil were traded, Citibank closed the position in one go.

This was followed by the liquidation of Industrial Bank.

Unlike the Pan Asia Fund and Sumitomo Corporation, which are heavily held, the positions of these institutions are not too much, and with leverage, that is, tens of thousands of hands, they will really close their positions and leave after a while.

Of course, they lost a lot more money than Sumitomo Corporation.

Sioux City estimates that more than half of the people will never come back after returning to the company.

Significant losses like this happen every year, but not every financial institution encounters them. In an era when tens of millions of dollars can be called a big loss, the long parties with a slight position here are estimated to lose hundreds of millions of dollars.

There are not a few who take responsibility.

Dahua Industrial silently absorbed long orders and closed their short orders.

The long-short confrontation has become so dull at this moment, it is not so much a battlefield of killing as a surrender.

In the bank account of the Pan Asia Fund, the profits of 11 digits fluctuated rapidly.

By 19:30 minutes, the position of the entire Dahua Industrial was reduced to one-third of the original.

The price of crude oil is even more staggering, remaining between $14 and $14.30.

This also means that Dahua Industrial has earned about $18 billion after the first round of profit of $18 billion.

$36 billion is only about 70% of the profit earned by the position.

The shareholders who have the right to see the account are all red-eyed and ready to stay up late.

There are still a few hours left on the electronic disk, and now let them sleep, and no one can sleep.

…… (To be continued.) )