Chapter 142 Open Fight and Secret Fight

Zhong Shi here did not expect that there would be a seller to play against him, it can be clearly seen from the board that as long as his side throws out the amount of buying, the other party will throw almost the same amount of won to sell, which is completely-for-tat, this situation occupies almost half of the trading time, but I don't know what Lu Dao is for, the other party finally retreated.

It's just that the other party just retreated, and the space left was immediately quickly made up by the seller who was eager to try it for a long time, which made Zhong Shi breathe a sigh of relief. In this way, in the process of continuing to close the position, Zhongshi, the largest buyer in the market, was able to maintain the exchange rate of the won at the level of 1,719.50 won to 1 dollar before closing the transaction. Although it didn't fall to the point of stopping trading, it was not much different.

At the end of the day, it was calculated that the Tianyu fund bought a total of 1,445 billion won on this day, accounting for about 80% of the transaction volume of the buying side of the won trading throughout the day. After two days of large-scale liquidation, the current spot of won held by Tianyu Fund has reached 2,345 billion won, almost half of the short positions established before.

These won cost the Tianyu Fund a total of $1.342 billion in funds, and the US dollars obtained after the previous sale were as high as $2.392 billion, which means that between buying and selling, the Tianyu Fund made as much as $1.05 billion.

According to traders' estimates, if the won continues to fall, they will be able to earn at least $2 billion in the won market this time. When the news was announced, almost everyone was smiling. The entire trading floor was filled with jubilation, and the decibels were so high that almost the entire building could be heard.

"Zhong Sheng? Zhong Sheng? Finally squeezing through the frantic crowd, Andrew, who was already sweating profusely, came to Zhong Shi in embarrassment, and shouted in Zhong Shi's ear twice in a row before pulling Zhong Shi back from his contemplative state.

"Something?" Zhong Shi shook his head, rubbed his ears that were a little sore from the shock, and then noticed the joyful scene around him, and couldn't help but ask with some astonishment, "What's wrong with them?" Did something happen? ”

Andrew's eyes widened and he looked at Bell Stone incredulously. After a while, he smiled bitterly. Shaking his head helplessly, he pulled Zhong Shi to a slightly quieter corner, and whispered: "Zhong Sheng, according to the current decline of the Korean won. Maybe there will be a new low tomorrow. Isn't it too hasty to close our positions now? ”

Actually, it's not Andrew who has doubts about this. Others have it in their hearts. However, they are speechless in front of Zhong Shi, and the current yield of close to 50% is enough for most people to be satisfied. It's just that some analysts and traders still want to make more money, which encourages Andrew to go to Zhongshi to say something.

Nature. Andrew and the people behind him couldn't hide Zhong Shi's careful thoughts, only to see him take a deep breath, take out the cigarette case from his arms, and just put one in his mouth, Andrew quickly lit the fire with his eyes. After taking a deep breath and slowly exhaling wisps of green smoke, Zhong Shi said, "Greed is a good thing, but it depends on the circumstances. Andrew, I have to warn you that you are too greedy, you must know that the current collapse of the won will not be endless, and the Korean general election is imminent, no matter which faction of candidates, it is impossible to sit idly by and ignore the current situation. ”

Andrew still didn't give up, lowered his head and thought for a while, and asked, "Didn't you say that they might regret it?" It is important to know that the current South Korean government has not gone back on its word once or twice. Moreover, demonstrations have erupted today calling for the abolition of the agreement with the IMF! ”

"Really?" Zhong Shi sneered and said disdainfully, "What if...... What if this so-called demonstration was created by a group in order to short-sell the won? Have you ever wondered about this possibility? You must know that there are only a few dozen people marching on the streets in Ludao, and they do not represent the so-called public opinion at all. ”

Speaking of this, Zhong Shi glanced at Andrew, and found that his face was full of shock, and the whole person stood there, as if petrified, and then flicked the cigarette ash with satisfaction, and then said: "I have cheated a lot in the capital market, and this simple method should not be too common." As long as tens of thousands of dollars are spent, it is enough to encourage some so-called whole teams to jump out and make trouble, and then skillfully use the mentality of the current market to make noise and frightened birds, and it will be difficult for the won not to fall! ”

"That'...... So what are they doing this for? Andrew, who had come back to his senses for a long time, patted his chest with palpitations, and then stammered and asked.

"For what?" Zhong Shi sneered again, "Of course, it's to better grab profits, is it to give money to Koreans for nothing?" You idiot! ”

After scolding Andrew, Zhong Shi touched his nose and said thoughtfully: "You have also seen today's market, if I hadn't killed it, I'm afraid that the won would have fallen to the point of suspending trading immediately." Later, although I bought it, the other party also made a move, selling tens of billions of won in stock, hoping to shoot me to death as a buyer, but you saw it, as soon as they saw that the signs were wrong, they immediately flashed people, this is not a conspiracy, what is it? ”

"What will they do next?" Andrew's mind went blank and he just asked mechanically. For him, today's market is at most more complicated than in the past, and the volume is larger, and he never thought that it contains so many complicated things.

This time, Zhong Shi did not answer immediately, but sighed leisurely, threw away the cigarette butt, and said inexplicably: "I don't know what to do!" ”

Andrew was immediately stupid, looked at Zhong Shi blankly, and saw that his expression was solemn, not like a fake, and it took a long time before he sighed, shook his head and left.

After Andrew left, Zhong Shi quietly returned to the office, dialed the phone in South Korea, and instructed: "Hey, Mr. Luo, now has a good opportunity to make meritorious contributions to you, how about it, do it or not?" ”

……

"Boss, I have personally delivered the money to them according to your instructions."

Although it was already late at night EST. But Julian Robertson still didn't rest, he was waiting for a phone call, a call from South Korea.

Not long after the market closed, the call came as promised, and Julian Robertson quickly picked up the microphone and did not speak, just quietly listened to what was being said on the other side.

Yes, as Jong Seok predicted, today's demonstration of the so-called "Union Party for Democracy and Korean Unification" was carried out under the impetus of people with good intentions, and the price was a measly $50,000. At today's exchange rate. That's 85 million won, and everyone who participates can get about 2.8 million won, and you can earn a lot of money just by going to the Blue House and shouting a few voices, and then accepting a visit from the TV media. Naturally, these people are scrambling to be the first. Ignoring the implications.

"Also. I also heard a message that I don't know if it is useful. The voice on the phone paused, seeing that there was no response. He dared to continue, "A company called Dongseo Securities here in South Korea has collapsed, and it was about to be announced recently, and when I was chatting with them, one of the Koreans complained to me, saying that the parent company doesn't care what they have and so on, and that they are about to follow in the footsteps of Korea Securities or something. I checked it later and found that this Dongsi Securities company is very large, and it seems to be the fourth largest securities company in South Korea. Boss, what do you say? ”

Julian Robertson here immediately became excited, his arm holding the microphone trembled slightly, and he said into the phone: "Well done, well done, Jimmy." As for whether it will go out of business, who cares? Jimmy, you remember, anything is possible. If there's nothing else, then hang up first, and I have to deal with a few more things. ”

There was an "um" on the other end of the phone, and then he hung up.

Although there was a blind sound of "beep" in the microphone, Julian Robertson was not in a hurry to hang up the phone, he never expected that a chess piece that had been inadvertently laid out before could play such a key role and casually find out such important news.

Yes, the other end of the phone is Jimmy, a young black man who once had a relationship with Julian Robertson, after going to South Korea, he used his vacation time to frequently contact local associations and political parties, and with the strong financial support of the Tiger Fund, he quickly made friends with the heads of some political parties through financial connections, and today's demonstration was planned by him at the behest of Julian Robertson.

As for Julian Robertson's reason for planning this operation by this opportunity, Zhongshi vaguely guessed a little, but he did not say it to Andrew. In fact, Julian Robertson, as Zhong Shi expected, was satisfied with the current situation of shorting the won and was ready to give up. Before closing the position, he just wanted to cause panic in the market in this way and further expand his gains, which led to the previous scene, when Zhong Shi bought, Julian Robertson fought with Tianyu Fund regardless of the cost.

As an excellent fund manager, you must always keep a clear head and strict logic, not be carried away by profits, and not be scared by losses. Julian Robertson has all of this, but others may not, so when Tianyu Fund made a move to buy in the market, Julian Robertson's first reaction was to scare away the opponent with a huge amount of money, so he directly ordered the traders to confront Tianyu Fund head-to-head, the ideal is very beautiful, but the reality is very skinny, the other party was not scared away, but ate their selling.

As a result, as the position increases, so does the exchange rate risk faced by the Tiger Fund, and seeing this scenario, Julian Robertson decisively ordered the traders to stop and see the situation clearly.

The result naturally made him stunned, even after the Tiger Fund closed, the other party still bought heavily in the market, almost single-handedly so that the won did not fall to the 10% boundary, which made Julian Robertson shocked and a little more puzzled: Who is such an awesome institution?

But now with another piece of news from Jimmy's from South Korea, it doesn't matter who that organization is, and he's made up his mind to take advantage of this opportunity to continue his plan to the end.

"Who's afraid of whom!" Julian Robertson secretly screamed in his heart, and suddenly closed the phone with a "snap".

……

For everything that happened in the market on this day, the traders were naturally extremely puzzled, and they didn't know what the state was, nor did they know the identities of the two sides of the battle. However, they are not in a hurry, and they all know that news will come out soon in this situation. Sure enough, soon a news from an unknown source began to circulate in the market, saying that in order to curb the decline of the won, the Bank of Korea sold about 200 million dollars today, and the news also pointed out that if the won fell again, the possibility of the Bank of Korea making another move could not be ruled out.

Traders will be skeptical, but this is indeed the most likely explanation. It's just that they wonder when will the Bank of Korea have capital to intervene in the foreign exchange market again? (To be continued......)

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