Chapter 23: Shorting Germany (3)
The 100 lists were quickly placed, although the total amount was still not much, but considering that William had placed 200 orders one after another today, the other agents were also confused, and did not rush up to eat them, but let the list hang on the blackboard and enter the rest time.
During the lunch break, several agents obviously wanted to inquire about some news through William to see if there was any information they didn't have, but William was tight-lipped about it, and he really pressed the question and said: "I don't know the news you don't know, I'm just carrying out the customer's explanation." ”
"And where did you get this customer from?"
"Sorry......"
Before the market opened in the afternoon, there was no special news, although everyone was surprised, but the situation was still relatively calm, Contini asked for 100 pending orders were reduced to zero by many others, with 5, 10, 20 or so speeds of about 5, 10, 20 or so, but the number on the price board did not rush forward as in the morning, but repeatedly circled on the 3895-3910 line.
"Is this a feature that is building a short-term top?"
"Sir, it's not good to say for the time being, but the exchange rate has rebounded from 4500 to 3900 in one breath because of the Italian government's statement and the news of the contract, and the short-term increase has exceeded 10%.
Contini smiled: "Put another 100 out, the price is still 3900!" ”
"I'll check with you again, you already have a position of $2 million, plus 100 contracts is $3 million, until the position of 10 million, your leverage ratio will remain at 25 times, consume $120,000 in margin, and after your 3 billion mark promissory note on the way is offset, you will hold a position equivalent to $2.25 million......"
Contini nodded: "I changed my mind, 300 shots!" ”
"Yes! Mr! Sell 300 for 3900! After completion, the estimated position is $4.25 million! ”
$4.25 million was nothing in the time Contini traveled, and it couldn't even afford a wing of the F22, but it was a huge sum in the 1920s — the cost of an American treaty-type light cruiser.
As soon as the 300 pending orders came out of the blackboard, the other traders were obviously puzzled, and they all saw the situation that William only served the guests in the No. 3 box today, and this transaction should be a single instruction issued by this customer. Characters who can work against market trends wholeheartedly and keep releasing large orders are either in the hands of the market that everyone in the market does not grasp at all, or they are simply messing around.
Although they have also seen the mess, but more people have seen people who have inside information, so some speculative brokers and retail investors who are accustomed to licking blood from the knife edge also began to follow suit, led by 300 orders, nearly 500 sell pending orders were piled up at 3900 highlands, although there were also buys, but they were completely disproportionate.
This strange situation lasted for 5 minutes, and the trader found that there was not a single order filled within 5 minutes - all sell orders were 3900 or above, and all buy orders were 3905 or below.
Contini also noticed this situation and calmly asked William: "How many bids are hanging below now?" ”
"About 200, 3905 has 40, 3910 has 50, 3915 has 20, 3920 has 70, 3925 is 25......" William reported the next five gears.
"Wait another 5 minutes, if the first 300 sheets haven't been eaten yet, you can sweep away all the 200 sheets before 3925 in the back!" Contini gave the order domineeringly.
"Understood!"
In the next 5 minutes, the exchange rate trend of the mark against the US dollar became the focus of the market, and even traders and brokers of other varieties came to inquire about the news, and even a few people pointed fingers at the No. 3 box, and there was a strange feeling between the comments, and the 300 lists that Contini hung on it were only eaten by less than 50 tickets, but the list accumulated here at 3925 accumulated to 340 tickets.
"Sir, the price above 3925 is currently close to 350, do you need to adjust the price?"
"No, burn them all, how many before 3925 are all killed! 3900 pending orders continue to stay! ”
William walked towards the red vest of the Exchange again.
"William, do you want to adjust the price or cancel the order?"
"No, chasing orders!"
"How much to chase?"
"All prices above 3925 are burned ......"
"Oh God...... Are you serious? ”
"I'm not kidding!"
With a "bang", a total of 340 lists before 3925 were all emptied, and in the process of emptying, someone submitted 25 lists, which were also swept away by William without hesitation.
"Maniac!"
"How sure is that to do such a thing?"
"It's either a genius or the stupidest fool in the world!"
After the 365 orders were swept away, plus the 50 orders just filled, Contini has a position of more than $5 million; The quote on the blackboard is shocking - Buy: 3925; Sell: 3900, the market was in a commotion, and then someone immediately reacted and began to add orders, but they added very carefully, 3905, 3910 hung up a little bit, and then to everyone's surprise, William had not returned to the box to accept the new instructions, Antonio stood directly at the door of the box and gestured - 3925 continued to add 200 tickets!
The order sounded like a trumpet, and a large number of orders began to chase after them, and then the price was quickly transmitted to other places through the exchange's telex machine......
At 3:15, 45 minutes before the market closed, Contini had a position of $7 million, and according to 25 times leverage, 280,000 deposits had been occupied, and nearly 70% of the margin in the first account had been consumed, and he asked William to start using the second account.
At 3:23, 37 minutes before the market closed, Contini's position reached $8.5 million, and the overall cost was at the 3,925 line......
At 3:37, 23 minutes before the market closed, the position had reached $10 million, and the overall cost was at the 3927 line......
At 3:45, with 15 minutes left, Contini's position had exceeded $11 million, and he was also a little nervous, staring at the phone, and kept muttering in his heart, why hasn't the news been released?
At 3:49, beads of sweat oozed from his forehead, the position had reached $13 million, the total cost had returned to the 3925 line, the buy orders below began to increase significantly, the wind direction of the exchange changed again, and the people who were optimistic about the appreciation accounted for the majority, and the crowd who saw the wind made the rudder quietly switch camps.
At 3:51, the phone finally rang, Contini almost took three steps and two steps to pick it up, the sweat on his back almost seeped into his coat, "Young master, the news is confirmed, everything is as you wish." ”
"Good!" Contini yelled and slapped the last $50,000 check on William, "Sweep the position to $15 million!" ”
"Sir?"
"Quick! It's too late! ”
William didn't have time to hesitate and swooped over at the speed of a 100-meter sprint...... Almost with all his strength, he roared out: "I want another 200 sheets, sweep from high to bottom!" ”
Before everyone could react, a red vest outside stumbled in: "The latest news......
“…… The governments of France and the Kingdom of Belgium once again reiterate that although the Italian government has accepted the change of tactics on the part of Germany, the two countries, as countries deeply affected by German aggression, will not make concessions in safeguarding their national interests, and no matter what position the British, American, and Italian governments hold, the French and Belgian governments will not waver in their demand that Germany fulfill its obligation to pay reparations in accordance with the agreement! 31 December is the deadline for the German authorities to pay reparations for the current year, and if they fail to do so, the Governments of France and Belgium will compel the German Government to fulfil its ...... by all means, including the use of force."
"Boom", the exchange exploded, all the spectators, traders, brokers, and customers were dumbfounded, and they all stood there in a daze, and only three seconds later did someone exclaim: "I want to cancel the order!" ”
"It's too late!" William looked at the men sympathetically, and the red vest of the exchange had erased the 200 slips and registered the transfer, and then hung on Contini's account. In order to meet the $15 million standard, Contini also fought hard: not only did all three accounts be full, but he also used the last $50,000 as a bullet, and now he has a position of nearly $16 million, far exceeding the initial estimate of $12 million, and no more than $14 million.
"Ah......h
"My list!"
In the last 7 minutes, the exchange blackboard became the craziest place, the exchange rate of the mark against all mainstream currencies all plummeted, and the exchange rate for the US dollar bore the brunt: 4000, 4100, 4200, 4300, a total of 4 thresholds supported in less than 2 minutes and were all knocked out by the surging selling, 4400 supported another minute, and by 3:56, the exchange rate had reached the starting point of this round of rebound at the price of 4500:1, but a steady stream of selling orders was still coming.
Now there is nothing to do with William, because everyone's attention is all focused on it, and the breakthrough of these key passes has not increased at all, in other words, it is an immeasurable decline, which is the most terrible thing in the plunge - bottomless!
At 3:58, even more desperate news came out: due to the large amount of data, the exchange's telex machine was overloaded, and the exchange had to temporarily announce a delay of 5 minutes - in the 5 minutes after 4 o'clock, no new declarations could be submitted, but the previous submissions could be guaranteed to be delayed.
At 3:59, the price broke through 4600, then rushed towards the 5000 mark, and quickly broke through it......