Although 40,000 lots of March long position is already a large number, it is absolutely unacceptable for the likes of Nick and Hunt.

In terms of margin alone, this price is satisfactory, but due to the average opening price, even if the price of natural gas has fallen to this point, their position in March is still profitable. That's right, it's still profitable.

The problem now is that the March and April positions of the non-withered funds are loss-making, which means that the losses on the April contracts are much greater than the profits in March, and the difference between the two is the main reason for their huge losses.

Naturally, the willingness of the top management who do not wither is that even if they lose a little more, they will package and sell this hedged position together. They have no intention of splitting these positions and selling them one by one, because in that case, not only will it not solve the financial dilemma, but it will also drag down the balance sheet of the fund even more.

So, for the offer of these two analysts, they just thought about it for a moment and then rejected it in one go.

"I'm sorry, you two, this part of the position will not be split and sold, if you really want to, we will discuss the sale of this part of the hedged position." Nick sighed, clutched his shiny head, and said weakly.

Resemble. Kenny and Jerry. After Les glanced at each other, the two nodded in unison. Kenny continued, "If that's the case, then you'll have to compromise on the price, and I'm sure you should know what the situation is." ”

The faces of the high-level people who don't wither flowers here darkened. A few of them nodded subconsciously.

"With 30,000 swap contracts and corresponding options, we bid $450 million, although the price is a little less, but because we have to bear the risk behind it, this is also a helpless move." After the two of Goodman lowered their heads and discussed for a moment, it was still up to Xiao. Kenny said.

In terms of value alone, these 30,000 contracts are much more than that, and even in the event of huge losses, this part of the position is still worth billions of dollars. But now the situation is. The Non-Withered Fund does not have the ability to continue to maintain this portion of the position. And he can only watch this part of the position continue to lose money, so from this point of view, Goodman's price reduction behavior can be said to be understandable.

But from the point of view of the withering fund, this price is undoubtedly too low. Don't say anything else. In terms of the value of this part of the contract alone. That's far more than that. Even if it will continue to lose money in the future, it will not necessarily reach the level of only $450 million. So when hearing Shaw. After Kenny's words, everyone's faces darkened.

"So be it. Double, $900 million, we accept your offer! ”

After bowing his head and whispering for a while, the senior management of the Withered Flower Fund finally discussed a result, Nick calmly faced and gave a price, even if it was this price, he was still not satisfied in his heart, because he felt that he was still losing.

"Poof......

To the surprise of the senior management of the Withered Flower Fund, Xiao. Kenny and Jerry. It was so rude that Rice laughed out loud in front of them, so much so that they were all a little angry. However, after considering the consequences of tearing their faces, they could only force this dissatisfaction to be held in their hearts.

After a full ten seconds of laughter, the two Goodman analysts barely stopped laughing, but the distorted expressions on their faces still showed that they were still laughing at each other's mentions. After a few more moments, they stopped smiling completely. "Gentlemen, please forgive us for our faux pas, but your mention is ridiculous. Obviously, this price is too much for us to expect, please be practical and show your sincerity. Well, we can add a little more, $500 million, and that should be enough! ”

Obviously, for the valuation of this part of the position, the people of Goodman did not say their psychological price, but this also made the withering side breathe a sigh of relief, after all, the other party can take the initiative to increase the price, which means that there is still room for bargaining.

"$800 million, this number couldn't be lower!"

"$550 million, that's already our psychological limit!"

"$700 million, as long as you can close it, or survive this period, the profit will be at least fifty percent, maybe more."

"$600 million, it can't be more. If we exceed that number, we will no longer be able to be the master. ”

"In that case, then the two sides should take a step back, $650 million, and that's a perfect ending, and you'll be able to earn more, won't you?"

"I'm sorry, we can only come out with so much."

"Let's talk about it again, don't leave ...... yet"

After a few tug-of-wars, the two sides finally reached a final agreement on the price of 600 million US dollars, and the two sides discussed some details before shaking hands and saying goodbye, and they were all happy.

After selling a significant portion of his position, the boulder hanging over Nick's heart finally landed tentatively. After a few moments of celebration with the others, he returned to his office and began to carefully type out the email, an email explaining the current performance to investors.

Speaking of this kind of email, Nick has a bit of a love-hate relationship, on the one hand, because of the contract, he has to send similar emails to all investors frequently; On the other hand, he is also soberly aware that sending such emails risks exposing his position, after all, not every investor can fulfill the obligation of confidentiality.

But now it doesn't matter, when Goodman's quote came out, basically the threat of the natural gas position contract to the withering fund has been lifted, so in the email, Nick wrote:

"Dear investors, when you read this email, I. Nick. Mahoney, the founder and senior partner of Withered Flowers Asset Management, has to regret to tell you that the funds managed by Withered Flowers Fund have suffered huge losses during recent investment activities. ”

"Because the Fund's senior manager, Bond . Hunter's investment mistake led to an oversized position in natural gas contracts, and after the warm winter news in the market, these shoulder arbitrage positions suffered huge losses because the opening price was too high. It lost $640 million on the day of September 14 and $320 million on the 15th. In order to cope with the pressure from the broker side and avoid further losses, it is also for the benefit of investors. We have decided to sell part of our portfolio to weather the current difficult times. ”

"There's no denying it. At present, the non-withering fund has encountered some very big difficulties. But I assure you that we have found a buyer in the market to deal with the assets, and we will do our best to preserve your wealth. So rest assured, we'll continue to do our best to help you take care of your money. ”

……

After knocking. Nick read the email several more times. After confirming that it is decent and does not cause panic. Only then did he hit the send button with satisfaction.

Nick is well aware that the paper can't contain the fire, and now there are rumors in the market that similar to the huge losses of the Withered Fund, although it is only a small spread. There are no authoritative newspapers or media outlets, but the more this happens, the more he has to reach an agreement to stabilize people's hearts, because if this news is really confirmed, then the entire Immortal Foundation will immediately become everyone's target.

But what Nick didn't know was that at the moment when his email was sent, in an abandoned carport thirty miles away, several big, thick-waisted men had also received the relevant information.

"Boss, look!"

These men are bald men with beards and typical Mexican looks, and there is no doubt that they are Mexican gangs.

A stout man with a faint tattoo on his neck took the phone and handed it to another man who was laboriously wiping a pistol, and the big man in a black T-shirt was stunned, then slowly put down the pistol and took the phone to look at it.

"The goal has been done, and you can release the people!"

The big man in the black T-shirt finished reading the text message on his mobile phone, touched his smooth head, and complained in a muffled voice: "This is really fucking troublesome, I knew that I wouldn't take this business, and I still want us to take care of those two bitches." Those two bastards are honest, don't get us in any trouble! ”

"Don't worry, boss, they've already been cleaned up!" The tattooed man hurriedly said, "Just be honest after a few beatings, don't look at them like dogs, I'm so scared that I pee my pants when I see blood." ”

"Okay, let's take them away first, and then let them go." The man in black waved his hand impatiently, asking the tattooed man to release him, and at the end he couldn't help but add, "Sue those two boys, we just invited them to be guests for two days, and we didn't mean anything else." If they dare to call the police, hum, just ......"

He didn't say anything, but a hint of fierceness flashed on his cruel face, and his palm made a throat-slitting motion under his neck, the meaning of which was naturally self-evident.

"Yes, boss!" The tattooed man's face remained unchanged, he just nodded slightly, and walked out. Obviously, he has long been familiar with the meaning of his boss's action, and he doesn't even know how many times he has done it.

In the cellar of the garage, two men in shirts were tied back to back under a pillar, there was no air conditioning in the cellar, it was hot and humid, although it was only two days, the two were exhausted, except for the people above who fed them some necessary food yesterday, no one cared about their life or death, and even the urine and urine were solved in their crotch, so the whole cellar emitted a foul smell of rancidity.

The tattooed man held a pistol with a black hole, opened the door of the cellar, and immediately frowned, the smell was really unbearable for him. Pinching his nose and walking up to the two middle-aged men who were already wolf bèi, he glanced at each other in disgust, then turned his head and said, "Hey, guys, how are you doing these two days?" Now it's time to leave! ”

Who doesn't want to, his words immediately caused a great panic among the two who were tied, although they were tied hand and foot and gagged, they began to roar wildly the next moment, although they could only make some "whine" sounds.

The tattooed man was stunned for a moment at first for their sudden madness, but after a little thought, he came back to his senses, and was so angry that he suddenly kicked at the pillar and roared loudly: "Fuck, you damn sons of bitches, do you think I'm going to kill you?" You bastards, don't you understand what I'm saying? It's to let you go, it's to let go! Fall! ”

After saying that, he pinned the pistol behind his back, pulled out the rags from the mouths of the two men, and then began to untie the ropes on the two of them, muttering something as he moved. It's just a pity that he speaks Spanish, and the two people who were cast look at each other, completely unable to understand what he is saying.

But they knew that they might actually be released. (To be continued......)

PS: Sorry it's late again...... Let's not take this as an example...... Thank you book friends for drawing knives and cutting off oil, I have love to drink water, and I didn't vote for the monthly ticket last night!