458. There is no choice!
"Murai, we've been fighting for too long········! Lin Hanrong said in a low voice, but before he finished speaking, he was interrupted by Murai!
"Baga! now you just need to close the position on a large scale, and we'll be finished together!!Are you stupid??? ah???" Murai yelled into the phone.
He really can't imagine what the consequences will be after the stop loss is closed! He doesn't dare to think about it, and you don't want to accept it! Now he can't face this kind of failure, and this failure will knock them out of the abyss! Never turn over!
"Murai, this time we have enough cash to flow!!We have to cut the meat and close the position!!" Lin Hanrong immediately rejected Murai, and said in a very helpless tone.
Their Malaysian private enterprise pension fund is running out of cash at the moment, and it is even less likely that they will put all the cash into it.
They only have $8 billion in liquid cash and keep $2 billion in funds in case they need them.
In order to unite Dongying Bank to pull up USD/JPY, they have added 1 million lots of USD/JPY long positions, and have invested $6 billion into the account, opened 3 million lots of USD/JPY long positions, and spent $3 billion on margin, the position is very, very heavy, and there is currently a floating loss of more than $2 billion, and the available funds in their account are less than $1 billion, and they are about to blow up!
"Baga!! can't you hold on any longer??You're going to throw in the towel now???Fool!" Murai scolded again
"Murai, we now have less than $1 billion in available funds in our account, as long as the USD/JPY falls by 30 points, we will blow up our positions!! you pig! We won't accompany you to die! We're going to cut the meat later!" Lin Hanrong couldn't help but burst out, and said in a very tough tone.
"Hanrong, let's stop the loss early, our National Investment Company is almost unable to support it, while the Dongying people are still supporting the USD/JPY, we will stop the loss and close the position early, at least we can sell the order, they can still continue some! In this way, our losses this time will also be reduced." Chen Zhennan also reminded in a whisper on the side.
Their liquid cash invested by the people is only 7 billion US dollars, and now they have invested 6 billion US dollars into their accounts, opened a long position of 3 million contracts of USD/JPY, spent 3 billion US dollars in margin, and now they are also floating losses of more than 2 billion US dollars, and the available funds are not even 1 billion US dollars. It's also the rhythm of the upcoming liquidation. As soon as USD/JPY falls by another 30 pips, their account will be liquidated and wiped out.
"Murai, it's useless to talk more! We're going to close the position!" Lin Hanrong heard Chen Zhennan's reminder, and immediately made a decision! Originally, they were going to cut the meat and stop the loss, but they didn't expect to be pulled in by the Dongying Bank to jointly pull up the dollar/yen, but they never expected to fall short, and now they have been trapped by an extra 1 million hands.
·······
"Wait!! we still have a chance!! We will raise funds again, this time our side is going to increase the position by 4 million hands again, and you only need to increase the position by 2 million hands! We still have a chance to turn defeat into victory if we fight to the death!" Murai immediately said agitatedly.
"You have increased your position by 4 million hands again?" Lin Hanrong asked in shock, and his heart jumped fiercely again.
"Yes, yes, yes, let's add another 4 million hands, and you add another 2 million hands!" Murai immediately said in an emphatic tone
"Murai, our current funds are completely insufficient to increase our positions again! We need $2 billion to increase our positions by two million lots, and we don't have $2 billion in available funds in our two accounts, so how can we increase our positions?" Lin Hanrong said with a sudden embarrassment.
He is still a little tempted by Murai's proposal, if they join forces to increase the long position of USD/JPY by 6 million lots, then it is likely to pull USD/JPY up, and they can still have the strength to fight with those bears.
"Then you won't borrow? Won't you go to the bank to borrow billions of dollars? You have so many fixed assets, what !!!are you worried about?" Murai suddenly reminded
"If not, if you close the position, we will close the position, you have already lost more than $2 billion, think about your previous long position of 2 million contracts of USD/JPY!! We have been deeply trapped, floating loss of 100 points, and now we are only floating loss of less than 20 points! You can see for yourself! If we are finished together, you will definitely lose much more than us!" Murai said dangerously again
He did not say that they had already opened a long position of 10 million contracts on USD/JPY, and now they have lost more than $3 billion.
Lin Hanrong on the phone was silent for a while, looked at Chen Zhennan beside him, and the two nodded tacitly.
"Murai-kun, we agree with your suggestion! Whether you live or destroy depends on the present day!" Lin Hanrong said in a deep voice.
Now they have no choice, if the stop loss is cut, the USD/JPY will collapse immediately, and then they will lose at least $7 billion, because as soon as they sell, there will be no long orders in the market to take over the positions they are selling, and they will not be able to close the position, so they can only let the USD/JPY fall all the way until their margin is lost, and they may owe money to the bank! After all, they also used 100 times leverage, and if their margin is lost, the next loss will be borne by the bank, and the banks will naturally come to the door to ask them for compensation!
"Yo Xi!!
After hanging up the phone, Murai looked at the bank representatives and asked with a heavy face, "Everyone, do we still have a choice now?"
At this moment, Murai didn't bother to mention to everyone that he was going to raise funds again, so he was more straightforward.
Watanabe was the first to speak and said, "There is no choice!, things have come to this point, and we can't turn back!"
Now that they are in a long position of 10 million contracts of USD/JPY, they have no way to turn back and have no chance of turning back.
"Alas, there really is no choice!"
"yes, hehe, will there be a difference between our loss of $20 billion and our loss of $40 billion?"
"There is no difference! If we lose $20 billion, we will go to jail, and if we lose $40 billion, we will also go to jail, is there a difference?"
"It doesn't make any difference, as long as USD/JPY crashes, our respective rat bins will also be liquidated!"