Chapter 133: The Trap Behind the Rumors

Not to mention the losses suffered by the Quantum Fund on the rupiah, in the far north of East Asia, South Korea and the International Monetary Fund reached a rescue agreement, and the amount agreed by the two sides is 55 billion US dollars. The first tranche of $5.56 billion was delivered to the South Korean side immediately, and the second tranche of relief funds was disbursed after the inspection of South Korea's reforms on the 18th of this month.

It must be noted that Koreans have a tendency to brag, and even if they are in a high position, this bad habit that is deeply rooted in the national character cannot be changed. During the negotiations with the IMF, South Korean officials boasted no less than three times that they had reached an agreement with the IMF, and the content of the agreement was very beneficial to the South Korean side, but each bragging was quickly recognized by the media, and in the end these people could only accept the fact that they had been slapped in the face.

This time is no exception, and although there are strict regulations within the IMF on the amount of relief funds and the timing of disbursements, this does not prevent South Koreans from making wild announcements to the outside world. An official of the South Korean Ministry of Finance, who did not want to be named, told the media that the amount of funds for the first rescue of South Korea reached as much as 10 billion US dollars, and the subsequent funds will be allocated to the South Korean side one after another, in fact, the rescue funds are not the official 55 billion US dollars, but 65 billion US dollars, and the extra 10 billion US dollars come from European countries and so on.

Since it is anonymous and not an official statement, the IMF has neither the responsibility nor the obligation to refute the rumors. In fact, South Koreans are not stupid, nor do they brag indiscriminately on any occasion, at least in the current Korean won foreign exchange market, these rumors play a fairly obvious role.

Affected by these messages. On December 5, during the Asian trading session, the won rose after the opening of the session. Due to the frequent positive news and the fact that investors believe that South Korea has sufficient capacity and financial resources to solve the current predicament, buyers have once again gained the upper hand after the substantial depreciation of the won.

The last time buyers gained the upper hand was back on the day when an agreement was reached with the IMF, but there was a large gap between buyers and sellers on other trading days.

"Here's your chance!"

Ren Ruowei yelled, clenched his fists in excitement, shook his head and said to the traders: "Pay close attention to the movement of the market. If there is a large sell-off. Eat it now! ”

In his calculations, the won has fallen almost to the bottom, and today's news may bring a turning point to the won. His judgment was that if it weren't for today. Or in the last few days. The South Korean won's trend will be completely reversed. It is impossible to rise to the level of 1,000 won to 1 dollar, but Ren Ruowei has a target price of 1,100 won to 1 dollar, which he thinks is an equilibrium price. The won will float up and down here.

However, he was not carried away by his own judgment, knowing that he now has a short position of about $1.5 billion on hand, and if he buys the won at an additional price, the profit loss may reach hundreds of thousands of dollars, so he ordered the traders to wait for the time for the bears to enter the market again to suppress the won, and make up the position at the lowest price.

“1250、1249、1248……”

The real-time data of the exchange of Korean won for US dollars is constantly updated, and Ren Ruowei's heart is also beating wildly, at this time he is highly concentrated, his fists tremble slightly, and beads of sweat continue to gush on his forehead, obviously nervous to the extreme.

Since the Korean won has shrunk significantly since the Bank of Seoul gave up the support, there is no central bank, the largest dealer, and international funds can only carry out their transactions gradually, after all, the purchase and sale of large amounts of funds can easily arouse the vigilance and even covetousness of other opponents.

"It's coming!"

Just as Ren Ruowei was thinking wildly, the traders under him suddenly roared, pulling him back from his fugue state. He subconsciously shook his head, and then looked at it, and a sale of about 50 million won appeared in the market, which immediately blocked the momentum of the winning rise.

When the trader saw Ren Ruowei looking over, he immediately asked, "Boss, do you want to buy now?" It seems that the bears can't hold back and want to give the bulls some color. ”

Ren Ruowei pondered for a long time, and did not answer, thinking quickly in his heart: if the bulls were willing to buy at this time, they might not be able to grab this spot sell; But if the bulls can't bear it, they may be able to expand their profits.

Just when Ren Ruowei was calculating whether to buy now or wait for the bears to hit the bottom before buying, the market had changed, and soon the $50 million won sell was swept away by a few bulls who came out of nowhere, and the huge amount of smashing only lasted for about half a minute, and the price was immediately digested without a trace after the price was suppressed to 1250.

"Oops!" Seeing this scene, Ren Ruowei slapped his head and said with annoyance, "It seems that I underestimated the confidence of the bulls, and I must act faster next, otherwise I am afraid I won't even be able to drink the soup." ”

It is no wonder that since Ren Ruowei can experience the impact of these "good news", others can naturally understand that in fact, in addition to the difference in financial resources, everyone has a similar sense of smell for the market, especially in the face of this almost semi-public news.

"Next time, as long as there is a big selling, take it immediately, as many as you want!" After figuring it out, Ren Ruowei gave the trader such an instruction without thinking and began to sweep the market with all his might.

Soon, the bears once again made a big sell, this time in spot won worth about $50 million. This time, Ren Ruowei's traders were quick and did not leave any chance for others to react, and quickly typed the instructions that had been set, and almost in the blink of an eye, a match was formed, and the won was bought at the level of 1,248 won to 1 dollar.

Seeing as many as 62 billion won of selling orders disappear without a trace in an instant, the bears were obviously surprised. After half an hour, there were no more major selling orders. This made Ren Ruowei feel satisfied and a little disappointed at the same time, thinking that if there was no such large-scale selling, how long would it take for his $1.5 billion position to be closed according to the daily trading volume of tens of millions of dollars!

Without the obstacle of big shorts, the won traded frequently in front of many bullish small funds, and it rose steadily, and soon rose to the level of 1230 won to 1 dollar, an increase of 2.2%, and it is still rising, which makes the won bulls even more satisfied.

Maybe it's seeing the momentum rise too fast. Or maybe you don't know the inside story of the road at all. When the won was about to break through the 1230 mark, the bears once again gathered around $30 million to sell, trying to stop the bulls from attacking. This time Ren Ruowei didn't make a move, and he was not satisfied with this price. So the trader's buying behavior was stopped.

I don't know what the road is for. The bulls who shot before are no longer moving. This made the small bulls who had planned to fish in troubled waters miserable, and they simply couldn't pry the mountain in front of them, and the result was that the market soon reversed. The price of the won gradually fell back again.

Ten minutes later, the won fell back to the position of 1245, at this time the long-dormant bulls shot again, began to enter the market to sweep the goods, and the bears were not to be outdone, although they did not know what the bulls did not shoot before, but now is a good time to suppress the won, so the two sides began to fight frequently between 1245 and 1250, and the fight was inextricable.

"This ...... What should we do about this? The trader was also dumbfounded in the face of this situation, and they all looked at Ren Ruowei in unison, and found that the boss was also frowning and at a loss.

"If the news is true, why will there be a repeated market today, instead of soaring? The behavior of the bears and the bulls is suspicious, and it is really unstable now! Ren Ruowei had calmed down at this time, and figured out a little other flavor through the analysis of the plate.

I have to say that Ren Ruowei does have some skills, and in the complex market trading, he sniffs out a trace of unusualness through the observation of the main movements of the two sides. After thinking about it for a long time, he looked up and saw that almost all the traders were looking at him, Ren Ruowei couldn't help but glare, and deliberately scolded: "Look what I do?" Don't you have to do things? ”

The traders turned their faces helplessly, slandering in their hearts, there are no trading instructions, what should they do?

After thinking about it again, Ren Ruowei finally decided to help the shorts, after all, he still had a position of more than a billion dollars that had not been closed, and the price was naturally as low as possible, so he slapped his thigh and said to the traders who had been waiting impatiently: "Sell 10 million US dollars of won and see what the strength of the bulls is?" ”

Although surprised, the traders honestly shut their mouths and decisively carried out the orders of Ren Ruowei.

It is also strange to say that the bulls, who could have been able to draw with the bears, only resisted a little after discovering that there were new bears entering the market, and the won continued to decline from around 1245, and it did not take long to fall to around 1260.

This price was already acceptable to Ren Ruowei, and just as he was about to let the traders start buying in large sums, a news from South Korea made him immediately stop trading.

"What? Tomorrow a large group will declare bankruptcy? God, is the news true? Are you sure? Ren Ruowei couldn't believe it at first, and then asked several times about the authenticity of the news, and after getting the final answer, he put down the microphone dejectedly, his face pale.

"Boss, shall we continue trading?" Seeing Ren Ruowei's dejected look, the traders looked at each other, completely unaware of what had happened to Lu Dao. Eventually, a quick-witted trader weakly questioned the question.

"Deal? That's right! Hurry up and stop trading! Ren Ruowei reacted suddenly, roared hoarsely, and then wiped the cold sweat on his forehead, and said with palpitations, "I almost fell into the trap!" ”

Yes, if according to the previous expectations, after the won fell again, the main bulls will definitely enter the market desperately to buy, and the good show of pseudo bulls and pseudo bears who have played a good show almost all day will have an effect, and the main force will enter the market to buy before seeing the fall, these are actually short funds will be sniped in a big way, so as to establish a good short position, and wait until tomorrow as soon as the news comes out, it will instantly make a profit of several percentage points.

It's just that now the seemingly fierce battle between the two sides has not worked because of a phone call, the bulls have never shown up, and there is not much time left to trade, and the side that set up the game finally ended the Asian session at the 1260 position.

"The inside information is horrible!" Ren Ruowei, who was lucky enough to escape, couldn't help but sigh after the closing, and said very bitterly.

Although even if it is a one-day transaction, the party that sets up the bureau will not be able to establish many positions, but if Ren Ruowei is really hot-headed and gets into it all at once, he can at least send hundreds of millions of dollars of shells to many parties, and by tomorrow, these "shells" may be converted into millions or even tens of millions of dollars in profits, and these profits originally belonged to Ren Ruowei. (To be continued......)

PS: Thank you book friend Afei, miss you when the wind rises, toothless 1, let me think about voting for a monthly ticket support!