Chapter 118: Draw the Bottom Line
In the spacious business conference room, a group of bigwigs sat around the oval conference table, except for Qin Yan, who could stay next to Zheng Fan, and the other followers could only sit on the chairs in the back.
The spotlights are bright, and the conference room is equipped with computers and projectors, apparently in preparation for the analysis of technical trends in the futures market.
"This Zheng Fan's thinking is too unrestrained!"
Xu Qi, a long-haired woman with big waves, sat on the chair next to the wall, obviously shorter than the big guy at the conference table, and couldn't even see Zheng Fan's face opposite.
"Do you still need a projector?"
Zhao Jie, a short-haired woman, couldn't help but come to Wei Dong's side and whispered to him after listening to Zheng Fan's coping strategy.
"Mr. Zheng, you estimated that the October contract can pull four daily limits in a row, if you are fortunate enough to be serious, once the market has a one-sided trend, will there be a systemic risk?" Wei Dong raised his hand to signal Zhao Jie not to be troubled, and asked Zheng Fan with a smile.
"Now the main positions of the long and short sides are so large, if one party can't bear to blow up, the systemic risk is completely predictable, the reason why the first day to gently push up the futures price, the purpose is to consume the main funds of the short side at the same time, so that they feel that there can be a little opportunity, but the most important thing is to paralyze the management, to avoid premature discovery of huge risks, if the trend next Monday is ideal, including the operation of next Tuesday, it is not suitable to be too aggressive." Zheng Fan smiled with some reservations.
"Once the futures price rises, the situation will be out of control sooner or later." After Liu Ping figured out the key to the market situation, she was somewhat in a dilemma.
"Let's put it this way, just now I listened to the general rules of the policy increase, I know that this is a short-lived policy, the management is good, want to combat the atmosphere of excessive speculation, but it does not take into account the practicality of the policy, once the trading margin according to the amount of positions, the implementation of the segmented management method, the main institutions of the long and short sides, there is no one who can fully make up the margin, look at it, in the end, if there is a party to the fate of the imminent, the market to the extreme situation of development, the exchange in order to control the risk, or to intervene, It will inevitably be accompanied by policy changes. Zheng Fan smiled sinisterly.
"In a short period of time, policies have been continuously introduced to cool down the market, and it is difficult to imagine what policy risks will be in the future!" He Ming, the CEO of Wanguo Securities, couldn't help but be a little worried.
"The only way out is to decisively stop the trading of the plywood futures 9610 contract, implement the agreement to close the position, and delist the contract ahead of schedule." Zheng Fan's words shocked Wei Dong and the others.
"You mean, the October contract of plywood may lead to the point of no return for Su Hongdou?" Liu Ping stood up from her seat, looking very frightened.
"Even if the trading is stopped and the physical delivery is not implemented, there will definitely be a saying, and I think that once the mandatory agreement is implemented to close the position, it will mostly be settled on the basis of the nearest current price." Zheng Fan smiled and observed, the look of every big guy.
"To put it bluntly, before the implementation of the mandatory agreement to close the position, the trend of the market over a period of time, which side will be more favorable?" Wang Daiping, the boss of Junan Securities, somewhat understood what Zheng Fan meant.
"Whether you are in the game or want to get a piece of the pie, plywood futures have an opportunity, and the implementation of mandatory agreement to close positions is just an opportunity for us to distribute profits." Zheng Fan's words were obviously tentative and seductive.
"Mr. Zheng's rainbow investment, in the October contract, occupies a very large number of long positions, outsiders are not good to intervene, now it is foreseeable that next Monday, once the price rises in October, even the contract in August and September, will also be revealed, when the multi-party position, there will inevitably be a reluctance to sell, plus the main force of the short side of the serial bombs were detonated one by one, there will be no chance for outsiders to get a piece of the pie." Yan Song of Shenyin Securities has seen the situation quite thoroughly.
"The position of Rainbow Investment, dare to expand to 400,000 long positions, presumably Mr. Zheng has already had far-reaching considerations, but I don't know, you lock in the first few days to cash in profits." Sun Weimin, the boss of COSCO Commerce, asked Zheng Fan with a smile.
"To be honest, the background of my and Texhong Investment is not suitable for participating in the negotiation of the forced liquidation agreement, and when it comes to the third price limit, remove the fish head, almost eat the whole fish body, and the remaining profits will be left to everyone present." Zheng Fan blinked.
"Are you agitating for the four price limits, do you want to say that even if Rainbow Investment takes away huge profits, the rest of the market is still profitable?" Wang Daiping, who was slightly fat, shook his head and smiled at Zheng Fan.
"After the three price limits, whether the market can still see the high line, it is up to you to decide, I am out early, but I also don't want the market to develop too extremely, leaving a glimmer of life for the main force of the short side, otherwise there will be a large-scale series of liquidation and blockage, which will also hinder us from cashing in on our profits." Zheng Fan looks like a good old man.
"If there is a slow upward trend in the market next Monday, the Dalian Futures Exchange will definitely call for margin to the main force of the short side, but in the case of policy increases, the main force of the short side will not be able to make up for it at all, this huge margin gap?" Liu Ping asked with attention to detail.
"In the case of rising futures prices, the main force of the short side is called for the margin, which is inevitable, and if there is more, it can't be taken out, and if there is less, can't it be taken out? In terms of the first 5% margin of the policy increase, the main force of the short side must at least be supplemented, the most basic risk margin is OK, if the 5% margin can not be made up, the Dalian Exchange does not have to have any expectations, as long as the main risk of a short side exceeds the warning line, it will be liquidated. Zheng Fan unbuttoned his black suit and said with a relaxed smile.
"That is, no matter how the policy changes, is it the bottom line of management supervision to maintain a 5% margin at all times?" At this time, Wei Dong finally figured out the basic context of the policy.
"Once you feel that there is no way out, the main force of the air side will not sit still, so you have to cut the meat with a blunt knife and let these main force of the air side invest some more money. As long as the account of a single futures agent does not touch the warning line of 50,000 hands, there is room for operation. Zheng Fan reminded everyone with a smile.
"With the development of the market, now at a loss, has become the main force of the empty side, especially in the case of the rebellion of the main force of the short in Hangzhou, the suspicion of the main force of the short forces of all parties will only get heavier and heavier, the building has fallen, if there is no figure like Mr. Zheng who is the needle of the sea, the complete disintegration of the main agency camp of the air side is just a matter of time and time, and it is not enough to turn the tide." He Ming was very face-saving and said with a smile.
"Mr. He looks down on the kid too much, compared with the background behind you, I can only follow the stealing oil and taking the car, and I can't get on the big stage at all." Zheng Fanle laughed.
"Mr. Zheng, I see that after you entered the conference room, you have been looking at the folder in your hand, and I don't know what important information it is?" Wei Dong was very curious, what Zheng Fan had in his hand.
"Didn't you say you were going to buy industrial assets? This is the first goal I locked, to see that all the CEOs are coming with elite soldiers, I don't know who can sort out this information and analyze the situation of this asset for everyone? Zheng Fan set his eyes on the people brought by Liu Ping and the other bigwigs.
As soon as she heard about the acquisition of industrial assets, even Zhao Jie, a short-haired woman, didn't dare to speak again if she wanted to show herself on such an occasion.
"Are you all ready?"
At this time, Wei Dong secretly hated himself for being too talkative, and actually took the initiative to send it to the door.
"Xu Qi, come on."
Seeing that Liu Ping didn't dare to respond, she looked embarrassed, and after receiving Wei Dong's signal, Wang Daiping, the boss of Jun'an, greeted the woman with big waves and long hair.
"Look at Mr. Liu, your expression is a little embarrassed, can't it be that you forgot your previous promise?" Zheng Fan took a sip of tea, and his words were ridiculous.
"How can it be, it's just that the operation of the futures market has not yet settled, and it is a little difficult to mobilize a large amount of money immediately!" Liu Ping could feel Zheng Fan's evil and dangerous thoughts.
"As long as you don't forget, even if it's a verbal agreement, I believe that you big bosses will not go back on your word." Zheng Fan smiled and focused his attention on Wang Daiping and Yan Song.
"Haha~~~ Since I have promised my full support, no matter what other people think, I He Ming is definitely talking about it, and when the futures market operation comes to an end, how much acquisition funds does Brother Zheng Fan need from Shenyin Securities, and it will be in place immediately with a squeak." He Ming, a short man in a jacket, resolutely stated his attitude, which made Wei Dong and the others secretly hate.
"Mr. He is really happy, since you look up to the kid so much, I won't pull you when you suffer." Zheng Fan's laughter somewhat relieved He Ming.
"I patronized and asked about the things I was concerned about, and I didn't have time to explain, Lao Yan of Shenyin Securities was invited by me, because our two securities companies are talking about the merger, and the success or failure of the operation of plywood futures will directly affect the results of the merger, so I will make my own opinion, let Lao Yan also come over to contact you about the feelings, as for the old Wang of Junan Securities, he thinks that the market of the next October contract will be conducive to the development of the bulls, and he wants to participate in it together, and his relationship with Wei Dong is very good." He Ming had a feeling of temper with Zheng Fan.
"At this critical moment, I shouldn't have been involved too much, so I took the liberty of bothering, and I also lost Mr. Zheng's open-mindedness and said so many things, and he didn't carry us behind our backs." Wang Daiping, the slightly fat CEO of Junan Securities, really admired the young man in front of him.
"Many friends and many roads, in fact, even if Mr. Wang and Mr. Yan can't come, the kid will visit you when he has time, maybe there is something to ask for!" Zheng Fan smiled a little deeply, giving people a sense of calculation.
(The first one is to send two red envelopes thanks to the 648229882 brothers, who have to go out in the past, and the second is more likely to be later.) )
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