Chapter 280: Closing the Position

As the London International Petroleum Exchange was about to close, Sioux City finally ordered: "Close the position." ”

The traders of the Dahua Group, in accordance with the established strategy, operated in an orderly manner. Bulk futures trading and retail stocks are two different concepts, the former is so huge that if it is stupidly smashed suddenly, the weakness of the plate may smash the profit into a loss. Even if the plate is hard, it will fall for a short time, and 28 million barrels of crude oil, a tremor of 10 cents, will shake off $2.8 million, which is more than the salary of all traders. Therefore, it is necessary to avoid tremors as much as possible through technical procedures.

In fact, if it weren't for the Gulf War. It is good that the futures market can guess the direction of 10 cents correctly, and it is a principle to do futures and open casinos, and all you earn is a thousandth of a probability of money.

Hall Chief Huang looked at the white lines on the three screens with anticipation. He specifically asked for a quotation to be filled out every two minutes, keeping the two State Reserve traders busy like voles. However, in this way, the actual manual screen curve is a bit of the posture of the computer curve of later generations, sensitive and real-time.

"London pause for a moment. "The main trader was invited back from Hong Kong and is quite familiar with the London market, Su Cheng and Zhang Chao don't understand the detailed content of futures, so they can only watch.

As an "old futures", Zhu Enbo understands, but he really doesn't want to watch it. Sioux City earns $6 per barrel of crude oil, and the National Reserve Center loses more than $5 per barrel of crude oil. If before Dahua closed the network, they could still see their profits as floating profits, but now they can't deceive themselves. Dahua Industrial really made $180 million.

Zhu Enbo turned his head to look at his side, the state reserve, which bought nearly 6 million barrels of crude oil, had a book loss of more than 30 million US dollars, in fact, if it weren't for Director Huang pulling down his old face. Another amount of funds was misappropriated. The state reserve has long been forced to liquidate its position, resulting in actual losses.

Now, the National Reserve Center has invested $48 million. It is almost double the previous budget -- it is undeniable to say that the State Reserve Center continues to operate in violation of regulations on the basis of illegal operations, and it is a bit small to say that it is a violation of discipline.

But. Neither Director Huang nor Zhu Enbo could make up their minds to cut the position. Once the liquidation is cashed out, all possibilities disappear, and it is time to settle accounts after the autumn. Therefore, knowing that it is very likely that they will lose their money and lose the extra $23 million if they continue to make margin calls, they have to do so, at least with a chance of survival. Historically, Zhuye Zinc, China Aviation Oil and State Reserve Copper have all caused hundreds of millions of dollars in losses, if not for illegal operations. Nor is it possible to inflict such huge losses.

However, whether anyone has turned the tide through this technique, under the tradition of covering the lid. Sioux City is also unknown.

Sioux City glanced back. I thought: It is not a pity that these two people died, but the loss of the national reserve should be reduced.

Turn around. He thought again: Maybe there should be some loss to warn future generations?

This thought flashed, and Su Cheng smiled dumbly: I am not a heaven-sent saint, how can I be qualified to warn future generations. After smelting zinc, there was no China Aviation Oil incident, and after hundreds of millions of dollars in tuition, the State Reserve copper was not released, and even the president of the Bank of China described it as a painful lesson, but there will still be problems......

There is no end to the tuition fee, there is a middle school after finishing primary school, there is a graduate student after finishing college, and now the State Reserve Center responsible for paying tuition fees is indispensable for doctoral students and postdoctoral fellows, and the tuition fees for their studies are paid by the state, and the so-called "old futures" are also exercised with tuition fees, and there is no exception.

Minutes and seconds passed.

As the transaction progresses. Dahua held fewer and fewer short orders, and a quarter of an hour before the market closed, all of them finally turned into cash.

Dahua Industrial's capital has also increased to US$420 million. Of this, $100 million comes from bank financing obtained through asset collateral, and the remaining $320 million is Sioux City's free funds.

This increase is independent of the company's operations and is a real disposable fund. However, the previous $100 million was misappropriated, and if the operation of the Dahua Group is to be ensured, most of the $100 million will be used for capital transactions.

The newly earned 180 million is not needed, in a cautious way, and then speculate on futures, the 180 million US dollars will be lost, and it will not affect Dahua Industrial, and if the previous 100 million US dollars is lost, all the efforts of Suzhou City in the past four years will be in vain.

Zhang Chao's face turned red with joy. Doing speculative business is especially important to settle in the pocket, you make money easily, and it is definitely easy to lose money. Only when the money is in the hands is really earned.

The three minutes of Dahua's incomparably brilliant are the three minutes of the incomparably dark state reserve. Zhang Chao didn't want to go through it.

"Su Dong, are you going back?" Zhang Chao asked at the same time, everyone in the villa looked at him.

Sioux City looked at his watch and didn't answer.

Everyone didn't speak, waiting for his decision.

This belongs to the prestige that Sioux City has built up in a short period of time. Only when his subordinates trust him very much will they wait so quietly.

At 3:54 a.m., just 8 minutes before the close, just when everyone was about to breathe a sigh of relief, Sioux City ordered: "Change hands and start building positions." ”

"Su Dong, oil prices are still falling. Zhang Chao reminded.

Su Cheng bowed his head and said: "There are many dreams at night, no one can say what the situation will be after the market opens tomorrow, we will buy 10 million barrels of crude oil first." ”

With Dahua's current amount of capital, 10 million barrels of crude oil is less than 30% of the full position, which can be said to be very cautious.

Zhang Chao left as he said.

Director Huang always stayed by Su Cheng's side, seized the opportunity, and asked, "Su Dong, do you think that after the market opens tomorrow, the price of oil will rise?"

"Maybe. ”

"Why? The United States will go to war?" Although Director Huang was reluctant to admit it, he asked him to choose the person who was most willing to believe now, and Sioux City would definitely be in the forefront.

Su Cheng didn't expect Director Huang to be quite clever, so he spread his hands and said, "My judgment is so, it's hard to say what the specific situation is." However, the pre-war oil price should be the end. ”

In this way, it is also to avoid Director Huang not being able to bear the pressure and close the position before the oil price rises. The money they use includes Dahua's taxes. The meat rots in the pot, and the monsters in the international futures market will not send the meat back to China.

As for the leak, it doesn't exist at all. For others. What he made was just a judgment.

Before any war. There are millions of people who have judged correctly, and millions of people who have failed. The judgment of war or not war is worthless in itself.

Just said it from Su Cheng's mouth, which made Director Huang cherish it very much. He thanked him, "Look at this, I have to hold on for a few more days." ”

Su Cheng smiled and didn't answer.

4:02 a.m. London closes.

Dahua's employees made a "whoosh" and jumped and jumped to celebrate.

At the same time, Sioux City's judgments and decisions were also transmitted to various departments of the state through different channels. Unlike the other day, Sioux City, which has earned nearly $200 million, obviously has extraordinary authority on the issue of the Gulf crisis.

Whether it is the General Staff or the Ministry of Foreign Affairs, they must take the judgment of Sioux City and read it carefully.

Even if it's a strategist who makes a living from gambling and betting. His life's achievements could not transfer $200 million in wealth. What's more, Su Cheng proved his judgment in front of everyone, with great patience and tenacity. This kind of judgment. No matter what time it is, it is a kind of capital.

In Western countries, the president of a company that can make this judgment like Sioux City. It is not uncommon to join the cabinet of the government, or to become ambassadors abroad. Rice, the black woman who became secretary of state, is a prime example, and her value lies in her study of Soviet ideology and her reputation for accurate judgment......

China's judgment of the situation in 1991 can be described as chaotic. In fact, there are few people in the world who can figure out what is going to happen and what is going to happen...... Almost all the leaders are seeing the tricks.

Sioux City proved himself in the cruel futures market, and the judgment he made naturally had value after being tested.

Inside the guest house, it quickly returned to peace.

After a brief celebration of the traders, Zhang Chao rushed to sleep, and it was not a few hours before the start again

Su Cheng only slept for 2 hours, and was picked up by Su's car to Su's house.

Su Zhenguo eats breakfast at 6:30 every morning, and he can't move. And the main time he receives new ideas every day is breakfast time.

Also present were a general, a government official, Professor Dai and his student Jia Lidong, a think tank from the Center for Policy Studies. The discussion was also about the Gulf War.

Su Cheng didn't wake up at all, and after listening to it for a while, his eyelids became heavy, and he scooped gruel on his wrist for a while, and he was drowsy.

Su Zhenguo glanced at it with a smile and went with him. Anyway, the information had already been obtained, and he just wanted Sioux City to walk in front of the Su members. It doesn't matter if you're asleep or awake.

However, Sioux City did not cherish this opportunity, and others flocked to it. As a student of Professor Dai, Jia Lidong has become somewhat famous, but he is still far from the name of a national-level think tank, and it is also a coincidence that he can sit in front of Su Zhenguo once.

Naturally, Jia Lidong didn't want to come quietly and go back quietly.

He observed for a moment, then regarded Su Cheng as a breakthrough, and said coldly: "Su Dong, the Gulf War is about to start, I agree with this judgment, but you said that it will happen in the next few days, I dare not agree." War is a holistic affair, and it takes a long time for the arrival of army equipment alone, the arrival of troops at predetermined locations, the transfer of aircraft, and the logistics of airfields...... From what I know of the Bush Cabinet, they will certainly seek broad support before the war starts, so it will not be a surprise ......attack."

He seized the opportunity to deliver a tirade of hundreds of words, and then excitedly waited for Sioux City's rebuttal.

To be able to debate in front of Su Zhenguo, there are a few people in the Center for Policy Studies who can get such an opportunity.

Su Cheng held his eyes and felt bored after listening to it halfway, for those who knew the result earlier, it was a little interesting to hear the correct guess, but it would be even more boring to hear the wrong judgment.

So, under Jia Lidong's expectant gaze, as his expression ended, Su Cheng slowly closed his eyes, and the rhythm of his breathing became slower and slower.

He fell asleep. (To be continued)