Chapter 661: Naval Warfare, War and Oil Futures Speculation
"Mr. Lin, if it goes on like this, it will pose a very big threat to Pangu, what should we do?" said Xiao Xiao worriedly.
"Don't worry, the market is like this, we must be ready for all kinds of situations at any time, at that time we did not license the core technology to AMD, just to prevent this day, and between the international background, there is no way to do such a thing, less than, don't panic when you encounter time in the future, when you are in Japan, Nintendo didn't join hands with Sony and other companies to launch Super Nintendo, and it was still resolved. ”
Lin Qi has stabilized on the contrary, so many years of wind and waves have created a shocking and unchanging pattern, as early as when he was looking for AMD to cooperate, he was guarding against this hand.
"Okay Mr. Lin, I remember. ”
Xiao didn't say anything on the surface, but naturally he was still anxious in his heart, he knew his position, although the secretary couldn't be as alone as Huang Xizhao was, but he could learn more.
What he felt the most was Mr. Lin's two actions in Japan and the United Kingdom, the timing was very good, and they were all confident, in the face of a major event like AMD, it was still an ancient well, calm as a mountain.
Lin Qi has put this matter behind for the time being, three new PCs have been launched, and AMD's behavior is actually more difficult to deal with, and what is needed is a long-term battle.
……
Therefore, he temporarily set his sights on the crude oil market, planning to make a sum of money to replenish the subsequent protracted war!
On January 17, 91, the United States launched the Gulf War against Iraq, in which the United States easily defeated hundreds of thousands of Iraqi troops because a large number of military technologies were put into use.
In this war, Lin Qi didn't care who was right and who was wrong, but he knew that the war in the Gulf region had a drastic impact on oil prices.
The Gulf region is very rich in oil and natural gas resources. As of January 1990, the proven oil reserves in the Gulf region were about 651.7 billion barrels, accounting for 65% of the world's proven oil reserves, and natural gas also accounted for about 13% of the world's total natural gas.
In addition to Saudi Arabia, Kuwait, Iraq and other countries are important oil producers and oil exporters in the Middle East. Iraq's attack on Kuwait is actually morally untenable. Because, during the Iran-Iraq war, Saudi Arabia, Kuwait and other countries were on Iraq's side, buying bonds issued by Iraq to help Iraq win against Iran.
Who knows, the Iran-Iraq war has been fought for many years, each has its own victories and defeats, and it is a huge loss economically. Plus, after the price of oil fell below $10 from a high price. Iraq is in financial difficulties, and has negotiated with its creditors, Kuwait, Saudi Arabia, and other countries whether it can suspend the repayment of its debts, or forgive some of its debts or interest, after all, the war with Iran was also a favor for Saudi Arabia and other countries. But these local tyrants categorically refused, and they must force debts.
Although Iraq, which was forced into debt, may not be able to win against Iran, it has hundreds of thousands of troops who have seen blood, and after being forced to hurry, it directly sent troops and quickly annexed Kuwait.
After that, Saudi Arabia, Kuwait and other countries cried out, you see, this Iraq not only did not pay its debts, but also seized the creditors' families!
The United States and Iraq used to be allies, but Iraq's position wavered and bets between the United States and the Soviet Union, so the United States has been unhappy for a long time. In addition, knowing that Iraq has been fighting Iran for many years, advanced weapons have long been abolished, and its weapons are completely dependent on imports, so it is a soft persimmon that can be bullied.
In addition, a bunch of Middle Eastern countries support the United States in sending troops and promise a bunch of benefits, which is morally justified and can also consolidate oil hegemony. Therefore, the United States did not have much problem in the first Gulf War, but the problem was that in the 21 st century, the reason for attacking Iraq's weapons of mass destruction again was simply nonsense.
This requires a country with weapons of mass destruction, and whoever has a sick brain will really send troops. Only countries that do not have weapons of mass destruction will be charged with weapons of mass destruction and beaten up.
The Gulf War broke out around August '90, but the market had already smelled the signs, and the TI crude oil futures contract began to rise in late July, and oil prices rose nearly 40% to the outbreak of the Gulf War. After October, the price of oil remained at its peak at $40 a barrel.
However, what many ordinary speculators do not expect is that after the war really broke out, the price of oil futures not only did not rise, but also ...... Plummet!
This is because the expectation of an oil rally has been heavily overdrawn after it was annexed from Kuwait by Iraq. When the United States strikes Iraq too quickly, everyone knows that the expectation of oil rising is gone, and the rest will plummet!
Can accurately short oil futures plummet!
In fact, more profit than the previous oil long!
But in the national futures market, how much capital can accurately predict the timing of the crash?
Lin Qi can!
Under normal circumstances, Lin Qi rarely gets involved in these financial investments, but he wants to need more capital to develop science and technology in the future, so he can't help but use the advantage of information asymmetry to conduct an accurate speculation on the oil futures market!
This oil futures speculation can also be called a time when many speculators have lost their eyes. Because of the relationship between oil and war, most speculators know that it is driving the oil surge, especially the wars in the oil-producing countries in the Middle East.
Iraq hit Kuwait, and oil skyrocketed.
Before the U.S. military sent troops, it was expected that the U.S. military would send troops, and oil futures would continue to rise!
But when the United States really sent troops, the futures market quickly performed a rare plunge of more than 50% in one day, bloodbathing the speculators who were long futures!
If there is no reaction on January 17, 1991, no matter how much profit you make before, you may also be liquidated, bankrupt, and cleared in one day.
……
On January 17, 1991, when the United States officially launched the Gulf War.
Lin Qi made a layout that everyone thought was bold, and began to let the company come up with $100 million in funds specifically to short the oil futures market!
Many people can't understand it, thinking that Lin Qi will inevitably lose money if he does this!
If all wars have been a factor in stimulating the rise in oil, why ...... After Lin Qi sent troops to the United States, he shorted oil on a large scale?
Don't make this decision the other way around, right?
Isn't it time to bet on oil going up?
On 17 January, the price of oil plummeted from $38 a barrel to $18 a barrel!
"Okay, call it a day!" Lin Qi ignored the crazy, crazy, and adoring expressions of all the traders present, and said, "The rest of the time, no matter whether you are long or short, there is no drama! Just one day, all the big meat is eaten! Feast, a few people can expect it!"
$100 million, a full day of leverage plus rolling operations, actually ...... It has made a floating profit of $4.7 billion!
It's just one day!
"Boss, you're still specialized in finance!" said an operator, adoringly, "how do you judge?"
"It's not...... Intuition!" Lin Qi looked at those technicians indifferently, "This is an irreproducible success, the moment I saw the US military sending troops, I felt that I had to do short, not operate more." Therefore, the bet was right! However, I did not expect that the price of financial speculation had fallen to a lower price than before the war! This kind of financial speculation, do not imitate it! It cannot be copied, and the company must strictly manage the risk exposure of financial investment in the future! Unless I personally command it, this kind of financial speculation involving high leverage is not allowed!
The financial market makes money slowly, and sometimes, the speed of losing money is very fast!
Futures speculation like this, dozens of times leverage.
Maybe you didn't look at the market for a few seconds...... It's paralyzed, it's liquidated! The money is all gone......
Therefore, Lin Qi does not agree with this kind of speculation, in fact, in the history of the world, speculation is a case of failure, and investment is a typical example of success. Warren Buffett makes money at the speed of the turtle, and Leven Moore makes money as fast as lightning.
However, the end result is that Buffett is getting richer and richer, because the continuous and steady accumulation of wealth is snowballing, and he makes money from business and investment.
Livingmore's financial speculative genius, predicting the market a hundred times against ninety-nine times, twenty or thirty can become a billionaire, equivalent to the current 10 billion billionaire, but ...... Such a speculative genius who has always won more and lost less has been destitute in his later years. Because...... He speculated and used leverage, and the position was blown up!
Many of the investment gurus of that era and the past said that the first golden rule of investing should never lose money, and the second rule should remember the first.
And the fastest way to lose money is to borrow money to invest and use leverage. 1 yuan capital borrows 9 yuan. Then, you only need to lose 10% and all your funds will be lost. 1 million borrowed 9 million, the same. Originally, when I made a million, I wanted more, so I borrowed money to increase leverage, however, this kind of gambler psychology will never believe that I will make a mistake, and in the end, the fastest bankruptcy will always be leveraged.
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