Chapter 270: Callback?
The hustle and bustle of the world is all for profit, and the hustle and bustle of the world is for profit.
There is no trust between people for no reason, of course Ren Likun will not recognize Wang Nuo as soon as he sees him, what he needs to determine is whether Wang Nuo has the qualifications to communicate.
Wang Nuo also knows that his amount of funds is too small, which is actually not valued by speculators like Ren Likun.
Moreover, he participated in a commodity futures transaction with a full calculation, and in the eyes of outsiders, even if he succeeded, it can also be attributed to accidental factors.
But coupled with Wang Nuo's other investments in the past few months, as well as his own professional background, he will be invited by Ren Likun.
"I'm interested in markets where you can make money. Wang Nuo answered Ren Likun's question.
"I don't value money, but I'm interested in the market where I can make money. Ren Likun fiddled with the fish steak in the frying pan and said with a smile: "But I believe in this sentence, which market do you think can make money?"
There are many types of commodity futures, Ren Likun focuses on investing in agricultural futures, but he is also occasionally involved in other markets, and can even be said to be more familiar than Wang Nuo.
In fact, Ren Likun is still a little competitive with Wang Nuo, he is a veteran, but he has a heel in soybean meal futures, Wang Nuo is a newcomer, but he wins money and leaves.
"If I knew, I wouldn't have put all my money in the stock market. Wang Nuo took the plate with the fish steak brought by Zhao Chengyuan, and under Ren Likun's explanation, he tried to dip the sauce in the plate.
"Stock index futures are also futures. Ren Likun explained the taste and eating method of various side dishes and sauces for Wang Nuo, and pressed the topic to death on the futures market, he frowned, and said: "The recent stock index futures don't look good, Arnold, are you selling short?
"The amount of energy is insufficient, where is the opportunity to reverse, even if there is, there is not enough room to move, a little move, maybe who will be targeted. Wang Nuo pondered, did not hide the direction of his position, and said: "Sell futures contracts, and make a little money by the way, just don't lose interest." ”
The stock market is generally down, Wang Nuo's more than 11 million is operated by Ye Yaohua, not only selling the position of futures index contracts, but also short-selling some heavyweight stocks, and a very small part of it is still the operation of options, on the whole, it is a comprehensive short selling.
Wang Nuo is not afraid to tell Ren Likun because of ...... He didn't use the pen of honesty, so it was impossible for him to expend his energy.
Moreover, in recent days, the mainstream voices of the stock market are also bearish, the volume can drop very fiercely, the big money is obviously in a dormant state, there is no good opportunity, the early adjustment is in place, resulting in a big reversal.
"The day after tomorrow, the soybean meal futures contract will be delivered, what do you think of the soybean meal futures price. Ren Likun cut the fish fillet, but he didn't pay attention at all, and his brows furrowed when he spoke.
"What's the situation on Mr. Ren's side?" Wang Nuo asked rhetorically.
Ren Likun wanted to know Wang Nuo's opinion, and Wang Nuo also wanted to know Ren Likun's position and the information he had.
"I have about 30,000 contracts. Ren Likun smiled wryly and said, "The opportunity to leave the scene was given to a friend." ”
The bullish position of 30,000 contracts also accounted for 1.5% of the total position of soybean meal futures contracts when the total position of soybean meal futures contracts exceeded 2 million contracts, and this was only Ren Likun's position.
It is conceivable that Ren Likun's "friends" also took some positions, and in the formal soybean meal futures market in China, they directly accounted for a few percentage points.
Ren Likun's so-called opportunity to exit was given to a friend, that is, in order to avoid stepping on each other with speculators who were also short selling, he chose to temporarily hold a position and let other speculators close their positions first.
This is not noble, it is just that Ren Likun still thinks in his heart that there may be a chance at the price that has already been lost.
But now the timing is different, the contract will be delivered in two days, and Ren Likun needs to make a choice.
It is also an option to find a long position to directly hedge the contract, and it is also an option to find some soybean meal warehouse receipts and hand them to the futures exchange, the former provides high and low contract prices, and the number of contracts in the appropriate price may not be enough to close the position of Ren Likun's group, and the cost of physical delivery is also a bit high.
Ren Likun has not much choice, and he has another way, which is to directly negotiate the continuation of the contract with the bulls.
It's the contract in September, which is extended to the following months, which is still a very miserable ending, because ...... The ghost knows what to do in the future, and if the price rises again, Ren Likun will lose money.
However, there are also benefits, after continuation, if the price fluctuates steadily, Ren Likun will at least get the time and opportunity to exit at the normal price.
But...... The information that Ren Likun said to Wang Nuo is not necessarily true, and the opinion that Wang Nuo said to Ren Likun can also be false.
When futures speculators meet, the information they give to each other also needs to be screened by both parties.
Deception is the eternal melody of the financial market.
"Ren Likun can't fool me. Wang Nuo was eating, very calm.
With an honest pen in hand, Wang Nuo can screen the truth of the information given by Ren Likun at any time, and ...... If he wants to pit Ren Likun, he can also lay it out in a similar way.
For example, Wang Nuo now claims that he holds tens of thousands of hands, and the information must be false, but Ren Likun believes it or not, but Wang Nuo has a way to measure the results.
"I think it's better to keep holding it. Wang Nuo pondered it for a moment and gave a small suggestion.
Ren Likun didn't expect Wang Nuo to be so straightforward, which was very different from the trajectory of things he speculated.
In Ren Likun's mind, Wang Nuo at most gives his own analysis based on the market, but it will be more of a process, that is, to elaborate on the arguments and data, and it is easy to give a conclusion.
Now Wang Nuo skipped the process first and directly said the conclusion, which ...... It's going to be interesting.
"Why?" Ren Likun quickly asked.
"I'm bearish on the market outlook. Wang Nuo replied.
However, in fact, Wang Nuo had already made a little preparation before being invited here, he knew in advance that Ren Likun still had a short position in the soybean meal futures market, and the day after tomorrow was the delivery day, so this topic could not be escaped.
Therefore, Wang Nuo was sure in advance that no matter what he said, with his current position in Ren Likun's heart, he would not be able to have any impact on Ren Likun's operation.
The second thing is...... The price of soybean meal futures will fall in the future.
The drought in North America in the summer caused the price of the soybean futures contract to rise, and the physical price was also bullish, but there was moisture in it.
In fact, there is no need to be honest, Wang Nuo belongs to the 50% of investors who tend to think that the price will pull back, and now that the answer is confirmed, of course there is no pressure for him to answer.
It will not cause energy consumption, and Wang Nuo certainly doesn't mind showing it in front of Ren Likun.