Chapter 362: Go back and heal

"Of course, international oil prices have skyrocketed," Chris replied without hesitation: "That's your final guess, Eric, but it's impossible, do you know what Iraq's invasion of Kuwait means? These two countries have proven oil reserves accounting for one-fifth of the world's known oil reserves, and once Iraq annexes Kuwait, Saddam Hussein can arbitrarily manipulate international oil prices, which is tantamount to pushing himself into the position of a public enemy, and the whole world will not agree." ± even if he was crazy, he couldn't have done that. ”

"Since everyone thinks so, I want to gamble, I bet that war will break out in the Middle East within three months, Chris, if you don't want to help me, I just need to take the money and open an account on the New York Mercantile Exchange, you won't watch me go in and be cheated by a layman, right?"

Chris couldn't help but laugh when he heard Eric's playful tone: "Eric, your net worth has reached the level of $1 billion now, you can already buy the one you want, is it necessary to take such a risk? You just said that you are going to withdraw all the liquidity of all the companies under your hands, once this money is lost, this is a big trouble." That incident just happened at the beginning of the year, if the seven major film companies knew that Firefly was running out of liquidity, they would definitely not hesitate to fall into the well again, shopping malls are very cruel, don't expect others to be merciful. ”

Eric said confidently, "Why don't you think in a good direction, in case I bet right?"

Chris smiled, played with a pen in his hand, and whispered, "Eric, why don't you calm down for two days first." Have fun in New York. Or go on vacation?"

"Chris. I'm calm, I've decided, if you don't agree, I'll go to a futures brokerage company right now and do it myself," Eric stood up.

Seeing that Eric was not cheating, Chris waved his hand helplessly and said, "Okay, okay, I promise you, you sit down first." ”

The two discussed some details. Chris called the company's financial manager: "Eric, you go with Webb to go through the transfer procedures first, and I'll go to you later." ”

After Eric left with the company's finance manager, Chris picked up the phone in front of him and dialed Jeffrey's number: "Dad, did he tell you about Eric?"

After saying a few words on the other end of the phone, Chris said again: "It seems that Eric didn't tell you about this, but it's not clear on the phone, I think you should come to New York, Eric ...... Some are hot-headed. I can't persuade you. ”

After a few hurried words, Chris quickly hung up the phone and walked out of the office.

……

Alyssa Brighton couldn't help but glance at the three people sitting in the living room again. It was the second day of Eric's arrival in New York, and after the filming of "Instinct" was over, Jeffrey went back to Maryland to take a break from the farm he had bought before, and in less than a week, the old man hurried to New York because of a phone call from his son.

At this time, the three of them were silent, before Jeffrey had been persuading hard for an hour, Eric never had the intention of relenting, Chris saw that the scene was a little embarrassed, and suddenly said to his girlfriend in the kitchen: "Ellie, is dinner ready?"

"Well, it's alright," Alyssa replied quickly.

"Why don't we eat first?" asked Chris, tentatively.

Eric didn't mean to have a stiff relationship with Jeffrey, and said with a smile: "Jeffrey, let's eat first, and then you can persuade you after eating, don't be hungry." ”

The old man snorted and got up to walk towards the dining room, Eric shrugged at Chris, who sighed helplessly.

Alyssa Brighton was a very talkative girl, and if it had been any other time, she would have looked for a topic or two to stir up the atmosphere at the table, but at this time, the girl sat quietly beside Chris, eating dinner without saying a word.

After eating dinner in silence for a while, Jeffrey finally spoke in a soothing tone: "Eric, this matter must not be kept secret, you want to fry that ...... Oil futures, you can, but you can't put all the money into it, let alone use loans to speculate, if others know that you have lost all your money, they will definitely take the opportunity to pinch the neck of the firefly. ”

"Jeffrey, why can't you just think about the good things, in case you make it?"

"There's no such thing, this is Wall Street, it's not Hollywood, we're all laymen. ”

Chris interjected at the right time: "Yes, Eric, Wall Street is the territory of financial predators, futures are actually a two-way gambling contract, you make money, in fact, it means that others lose money, the more you earn, the more others lose, so do you think your opponent will be willing? ”

"We have a small market of 200 million US dollars, and those big investment banks can't target us, right?" Eric shrugged and said lightly, not to mention, once the Middle East fights and the price of crude oil soars, any tricks of the financial giants will only be broken up by the big waves under this general trend.

Jeffrey and his son looked at each other and fell silent again, Eric didn't want to dwell on the issue any longer, and looked at Alyssa Brighton, who was sitting next to Chris, remembering that last Thanksgiving, the couple was still having an awkward relationship, and now it seems that they have reconciled.

"Elle, has your clothing company gone public, I remember saying it on Thanksgiving last year?"

Alyssa glanced at her boyfriend beside her resentfully, and shook her head: "There will be no drama in three years." ”

"It's okay, when I make money this time, I can invest if you want," Eric said with a smile.

Alyssa smiled and said Okay, I didn't take it seriously, I've been with Chris for a long time, and the girl also knows how risky the futures market is, how much money an investor like Eric throws in, it's good to be able to take it out completely, and the possibility of making money is very small.

"Eric, where do you live now?" asked Jeffrey again.

"I booked a suite at the Sixty Soho Hotel on Sixth Avenue and was going to stay there for this time. ”

Jeffrey, who didn't know where Sixth Avenue was, glanced at his son, and Chris explained, "Sixth Avenue is close to the New York Mercantile Exchange. ”

Jeffrey sighed, Eric had even considered this detail, and it seemed that there was no room for maneuver in this matter: "Chris, during this time, you put down the matter of the investment company first, concentrate on helping Eric, and try to ......"

"I understand, Dad," Chris nodded.

In the next few days, Chris began to help Eric hire a trader to open an account, and Jeffrey followed the two young men all day, of course, during which there were inevitably arguments, mainly about the proportion of futures margin.

Eric wanted a margin ratio of 5%, which is 20 times leverage, which would magnify the $200 million to 4 billion, but Chris and Jeffrey agreed that they should use 5 times leverage, 20% margin.

Eric knew that the father and son were thinking about themselves and were not stubborn, so they argued all morning, and finally both sides took a step back, 10% margin, and ten times leverage.

Entering July, the price of crude oil in the futures market rose again, and has approached a high of $19 per barrel.

Eric and Chris hastily set up a local futures trading team and began to enter the market.

Because of the situation in the Middle East, a large number of speculators have entered the crude oil futures market, and the daily trading volume of crude oil futures on the New York Mercantile Exchange alone has exceeded 100,000 contracts (1,000 barrels per lot of New York Mercantile crude oil futures), and the daily trading volume has reached $2 billion.

With the current situation in the Middle East, many people are betting that the price of crude oil will fall back to the level of $14 a few months ago, and of course, there are also people who judge that the price of crude oil will continue to climb.

Therefore, Eric's bullish team is not too conspicuous, but in order not to attract too many people's attention, Chris has limited the daily trading volume to about $10 million, and at this pace, it is enough to spend all the funds of $200 million by August, and Eric has no objections.

As Chris said before, after the price of crude oil climbed to $19, it no longer rose sharply, but began to fluctuate between $18 and $20, Jeffrey was more worried every day than two young people, although the delivery date of the futures contracts bought by Eric was after October, but the profit and loss of futures trading was settled daily, and after the close of each day, Jeffrey would take the calculator and calculate how much he made and lost on the futures contract.

Fearing that the old man would have a heart attack, Eric and Chris persuaded Jeffrey to return to the Maryland farm more than once, but to no avail.

After another busy day, Eric returned to the hotel where he lived, and after taking a shower, he was about to make a few phone calls back to Los Angeles, when he heard the sound of the doorbell, although he knew that there were many people in New York, but not many people knew the address of the hotel where he lived.

Curiously opening the door, a delicate little body jumped up and pounced on Eric, wrapping around Eric's waist like a koala, touching, kissing, rubbing.

This situation is really offensive, Eric hurriedly retreated to the room and closed the door, only to give two strokes on Drew's little ass in hot pants, and asked dotingly, "Didn't you go on vacation to Hawaii, why did you suddenly come here?"

The girl let Eric throw herself on the sofa, lay there and propped up her round little chin, looked at Eric with bright eyes, and laughed: "Jeffrey said you are crazy, let me persuade you to go back to Los Angeles for treatment." (To be continued.)