Chapter 27: Profit of 1.954 billion

David Mellon has been working on Wall Street for seven years.

There are also three years of working in a top financial firm like Goldman Sachs.

In fact, he himself has a good and excellent investment ability.

It's just that this ability of his only belongs to the range of normal people.

It can't be compared to those super geniuses, and it can't be compared to hanging on the wall.

But this ability was enough for him, after hearing Abel say these two data.

Quickly understand the changes that may occur in the international foreign exchange market.

"I see, the black swan is falling, and the yen is falling! Ours is short, start making a profit!! ”

David, who understood it, became very surprised.

In the two minutes they spoke.

Due to the madness of international giants, the yen exchange rate has continued to fall.

JPY/USD has fallen to 108.3010.

JPY/EUR, also a rapid decline to 98.2180.

Smith Capital's short position in the market has increased from a recent floating loss of $64 million.

It became a floating profit of nearly 100 million.

The market obviously didn't end so quickly.

In other central banks, in order to save their own Japanese bonds.

More or less, all did a little reaction when.

The neon central bank, which is slow to react, has not moved at this time.

If Neon Central Bank decides to bail out the market, this decline may end there.

But if the neon central bank decides to leave it alone, it is estimated that it will continue to fall.

In the middle of this, it is the game between the major international financial giants and the central banks of various countries.

The complexity and excitement of the game is definitely enough to write a novel of more than a million words.

But such a wonderful game cannot be said to happen every day.

But it happens once a month, or even more than once.

So there's nothing to write about.

David Mellon was so agitated that he didn't even drink his coffee and ran into the safe house.

In the safe house,

The eight traders, who had worked hard and been apprehensive for a week, were also staring intently at the market.

Compared with the anxious David Mellon, Abel is much more leisurely.

After all, hang on to one.

But he also followed David Mellon and walked in.

As soon as he came in, he said, "Let's start choosing to close the position." Close one-tenth of the order first, and close the contract on the Mitsubishi UFJ side first. ”

That's why you choose to put a tenth of it in your pocket first.

Hearing the boss's orders, the eight traders immediately began to operate under the coordination of David.

Soon in the international foreign exchange market, there were two billion dollars of short contracts to close positions.

meanwhile

In the Empire State Building, not far from Woolworths.

A subsidiary of Merrill Lynch Securities, which is mainly responsible for foreign exchange investment, is in the safe house of Merrill Lynch Foreign Exchange Investment Company.

The trader looked up at his immediate boss, George Sen, and shouted, "BOSS! There was a 2 billion closing contract, and the yen exchange rate rose by one point! ”

George Sen was a Japanese-American, but his pedigree did not limit the capitalists.

Or rather, the capitalists have no pedigree.

So for shorting the yen to make a profit, George Sen has no pressure at all.

"At this time, the whole audience reveled. Everyone is shorting, how can there be such a large amount of short order closing? Is this a test from the neon central bank's side? ”

"Find out which bank, which company."

The trader quickly operated and immediately shouted: "It's a contract with Mitsubishi UFJ Financial Group!" ”

"Mitsubishi UFJ?"

"It's supposed to be a middleman, who's behind it?"

George Sen couldn't help but muttered to himself.

Then he made his own judgment, "Smash, smash $500 million for hedging." Knocking down the yen exchange rate a little more is far from what we expected! ”

"Understood!"

The subordinate immediately said loudly, and then began to operate.

There are many capital consortium traders who have made such a judgment with George Sen, and the result is not long after Smith Capital's 2 billion contract was taken out.

The exchange rate of the yen has fallen a little.

This led to Abel closing the $2 billion contract and cashing out a profit of $20 million.

For the rest of the contracts, the floating profit has increased instead of decreasing.

From more than $80 million just now, it has become a floating profit of $230 million.

And the floating profit is still rising rapidly.

Because of the yen exchange rate, it continues to fall.

This result made David Mellon stunned.

David originally thought that as someone began to close the short positions.

The exchange rate of the yen should rise a little.

I didn't expect it to fall now.

He couldn't help but turn his head to look at Abel, who was smiling at this time.

David actually wanted to ask "how could this be?" at this time.

He didn't ask.

Because it would seem that he, a top student at the Wharton School, is very uneducated.

In fact, if he asked, Abel didn't know how to explain.

Because I just chose to close one-tenth of the order, and I chose the contract of Mitsubishi UFJ Financial Group.

This choice is not based on his financial talents.

It's his hanging, so he does this....

Fortunately, David didn't ask, and Abel didn't need to rack his brains to answer.

He just continued to issue one order after another, directing David and the traders to sell, buy, and close positions one after another.

That's it

An hour and a half later.

Smith Capital's account no longer has any foreign exchange contracts for JPY/EUR and JPY/USD.

However, Smith Capital's numbers in several broker margin accounts.

But it has changed from one billion dollars at the beginning to 2.954 billion US dollars.

Floating profits become real profits.

A week's layout, there was a floating loss of $64 million in the middle.

But now, in two hours, a profit of $1.954 billion was made from the yen exchange rate.

Even if the commission and interest to the middlemen are deducted, there is at least about 1.95 billion profits.

The thrill of this kind of achievement is far from being comparable to the buying of stocks when they fall.

He shook his head and told himself not to go up.

Hanging is powerful.

But if you go up, some big players can directly unplug the network cable.

Even give you the play of physical disappearance.

Now it's time for everyone to cut neon and yen together, of course, it's fun to play.

But if you aim the gun at this side, someone will turn their faces in minutes.

And now I haven't developed to the point where I'm not afraid of turning my face.

To what extent?

At this time, Buffett has not yet reached the level.

David Mellon, roaring excitedly beside Abel.

“FXXK! O God, O Virgin Mary! The Holy Son is on top, shitFXKK!! Abel, you're amazing! Your FXXK is amazing! ”

The guy was shouting frantically while constantly walking around Able to vent his excitement.

The eight traders who finished their work were even more red-faced, and they all broke out with a heart-rending roar.

"Quiet, normal performance."

Abel Versailles calmed down for a moment, and began to tell what to do next.

"Gradually withdraw funds from intermediaries. The interest and commissions that should be given are as much as they are. ”

"There is also the tax process that should be followed, and it must be foolproof."

"I don't want my company's tax return to be a verbose IRS."

"Those guys, even those who sell powder, are afraid. I'm scared too. ”

David Mellon listened carefully and nodded solemnly: "I will do these things." ”

Abel thought about it, and it seemed that there was nothing important to explain.

Suddenly remembering something, pointing to the trader, he continued:

"There are eight of them, each of whom gives them a check for 200,000 yuan to help them make up the personal taxes they should pay."

David smiled: "No problem! ”

The eight traders who stayed in the room for a week, eating, sleeping and going to the toilet were also smiling one by one.

To their boss, a frantic burst of thanks.