Chapter 280 Closing the position
When the London International Petroleum Exchange was about to close, Siucheng finally ordered: "Close the position."
The traders of Dahua Group operated in an orderly manner according to the established strategy. The trading of bulk futures and retail stocks are two concepts. The amount of the former is so huge. If the plate is stupid and suddenly smashed, the weak plate may turn profits into losses. Even if the plate is hard, it will fall for a short time. 28 million barrels of crude oil will shake 10 cents, which will shake 2.8 million US dollars, which is higher than the salary of all traders. Therefore, it is very necessary to avoid tremors through technical operations.
In fact, if it weren't for the Gulf War, the futures market could guess the direction of 10 cents correctly. Futures and opening a casino are the same principle, and you earn one thousandth of the probability of money.
Director Huang looked at the three white lines on the screen with anticipation. He specifically asked to fill out the quotation every two minutes, which made the two national reserve traders busy like field mice. However, in this way, the manual screen curve is actually a bit like a computer curve in later generations, which is sensitive and real-time.
"London 26.32, stop for a moment." The main trader invited him back from Hong Kong and was quite familiar with the London market. Sucheng and Zhang Chao did not understand the detailed content of futures, so he could only watch it.
As an "old futures", Zhu Enbo understood, but he really didn't want to see it. Sucheng made $6 per barrel of crude oil, while the National Reserve Center would lose more than $5 per barrel of crude oil. If Dahua had closed the network before, they could still regard their profits as floating profits, and now they can't deceive themselves. Dahua Industrial really made $180 million.
Zhu Enbo turned to look at his side. The National Reserve, which bought nearly 6 million barrels of crude oil, had a book loss of more than 30 million US dollars. In fact, if Director Huang had not put down his old face and misappropriated another amount of funds, the National Reserve would have forced the position to close, resulting in an actual loss.
Now, the National Reserve Center has invested US$48 million, almost times the previous budget. It is said that the National Reserve Center continues to operate illegally on the basis of illegal operations, and it is a bit small to say that it is a violation of discipline.
However, Director Huang and Zhu Enbo were unable to make up their minds to cut positions. Once the position was cut and cashed out, all possibilities would disappear, and it would be time to settle the accounts after the autumn. Therefore, even though they knew that continuing to add margin would be very likely to lose all their money. They also lost the extra $23 million, but they had to do so, at least there was a glimmer of hope. Historically, Zhuye Zinc, AVIC Oil and Guoshang Copper All suffered losses of hundreds of millions of dollars, and if it were not for illegal operations, they would not usually cause such huge losses.
However, it is unknown whether someone can turn danger into safety through this method. Under the tradition of covering up, Sucheng is not known.
Su Cheng looked back and thought: These two people are not willing to die, but the losses of the National Reserve should be reduced.
Recently thinking, he thought: Maybe there should be some losses to warn future generations?
This thought flashed and Su Cheng laughed: I am not a god-given saint. How can I warn future generations? After the zinc smelting process, I will not still have the China AVIC incident. After hundreds of millions of dollars in tuition fees, I will not still have the national copper reserves. Even the president of Bank of China used a lesson to describe it as painful, but there will still be problems that should be...
Tuition fees are endless. After finishing the primary school, there are middle schools, and after finishing the university, there are graduate students. Now the National Reserve Center responsible for paying tuition fees is indispensable for doctoral students and postdoctoral students. The tuition fees they studied in those days were paid by the state. The so-called "old futures" are also trained with tuition fees, and there is no exception.
Time passed minute by minute.
As the trading progressed, Dahua held fewer and fewer short orders. A quarter of an hour before the closing, it finally turned into cash.
Dahua Industrial's capital volume also increased to US$420 million. Among them, US$100 million comes from bank financing obtained from asset mortgages, and the remaining US$320 million is the free funds of Sucheng.
This increased amount is outside the company's operations and is truly disposable funds. The previous $100 million was misappropriated. If we want to ensure the normal operation of Dahua Group, most of the $100 million will be used for capital transactions.
There is no need to make the 180 million new profits. In a cautious way, we will speculate on futures. The loss of all the 180 million US dollars will not affect Dahua Industrial. If the previous 100 million US dollars is lost, all the efforts of Sucheng over the past four years will be wasted.
Zhang Chao's face turned red with joy. In speculative business, he paid special attention to making money. It is easy for you to make money, and it is definitely easy to lose money. Only when the money is in your hands can you really make money.
The three extremely gorgeous minutes of Dahua are the three extremely dark minutes of the National Privy Council. Zhang Chao doesn’t want to experience it.
"Dr. Su, are you going back?" Zhang Chao asked, everyone in the villa looked at him.
Su Cheng looked at the table but no answer.
No one spoke, waiting for his decision.
This is the prestige established by Su Cheng in a short period of time. Only when his subordinates trust him very much can they wait so quietly.
At 3:54 am, just 8 minutes from the closing, just when everyone was about to breathe a sigh of relief, Su Cheng ordered: "Turn long and start building positions."
"Dr. Su, oil prices are still falling." Zhang Chao reminded.
Su Cheng nodded and said, "The night is long and the dream is too long. No one can tell what will happen after the market opens tomorrow. Let's buy 10 million barrels of crude oil first."
With Dahua's current capital, 10 million barrels of crude oil are less than 30% of the full position, which can be said to be very cautious.
Zhang Chao left as he said.
Director Huang always stayed by Sucheng, seized the opportunity and asked: "Dr. Su, do you think oil prices will rise after the market opens tomorrow?"
"Maybe."
"Why? Will the United States start a war?" Although Director Huang was unwilling to admit it, Sucheng must be at the forefront if he wanted to choose someone he would like to believe the most.
Su Cheng didn't expect Director Huang to be very clever and spread his hands out, saying, "My judgment is like this. It's hard to say what the specific situation is. However, the oil price before the war should be the end."
This is to prevent Director Huang from being unable to withstand the pressure and closing the position before the oil price rises. The money they use includes Dahua’s taxes. The meat is rotten in the pot, and monsters in the international futures market will no longer send the meat back to China.
As for the leaked news, it does not exist at all. For others, what he makes is just a judgment.
Before any war, millions of people always made the judgment correct, and millions of people always failed. The judgment of whether to start a war or not is worthless.
It just said it from Su Cheng, which made Director Huang cherish it. He said thankfully: "Looking at this, I have to hold on for a few more days."
Su Cheng smiled and did not answer.
4:02 am. London closes.
The employees of Dahua celebrated with a "slam" and jumped and hopped.
At the same time, Sucheng's judgment and decision were also passed on to various departments of the country through different channels. Unlike the previous few days, Sucheng, which earned nearly 200 million US dollars, obviously had extraordinary authority on the issue of the Gulf crisis.
Whether it is the General Staff or the Ministry of Foreign Affairs, we must pick up Su Cheng's judgment and read it carefully.
Even a strategist who makes a living by betting on gambling, his lifelong achievements cannot transfer $200 million in wealth. What's more, Su Cheng proved his judgment with incomparable patience and perseverance in front of everyone. This judgment is a kind of capital no matter what time it is.
In Western countries, it is not uncommon for a company president who can make the judgment of Sioux City, to enter the government cabinet, or to serve as an ambassador abroad. Rice, a black woman who is secretary of state, is a typical example. Her value lies in her research on Soviet ideology. She is famous for her accurate judgment...
China's judgment on the situation in 1991 can be said to be chaotic. In fact, few people around the world can figure out what happened and what is going to happen... Almost all leaders are trying to deal with it.
Su Cheng proved himself in the cruel futures market, and the judgment he made naturally has the value of being tested.
In the guesthouse, it quickly returned to peace.
After a brief celebration, the traders were rushed to bed by Zhang Chao. It was only a few hours before starting again. Sucheng only slept for 2 hours. He was picked up by the car run by Su to the Su home.
Su Zhenguo had breakfast at 6:30 in the morning every day, and he couldn't stop. The main time he accepted new ideas every day was breakfast time.
Also attending were a general, a government official, as well as Professor Dai, a think tank from the Center for Policy Research, and his student Jia Lidong. The discussion was also about the Gulf War.
Su Cheng didn't wake up at all. After listening to it dull for a while, his eyelids became heavier, and his wrists were scooping up porridge, and he became drowsy.
Su Zhenguo smiled and let him go. Anyway, the information had been obtained, and he just wanted Su Cheng to walk in front of the Su-Society members. It doesn't matter whether he is asleep or awake.
However, Su Cheng did not cherish this opportunity, and others were eager for it. Although Jia Lidong, as a student of Professor Dai, has some reputation, but he is still far from the title of a national think tank. It is a coincidence that he can sit in front of Su Zhenguo once.
Naturally, Jia Lidong didn't want to come quietly, but went back quietly.
After observing for a moment, he regarded Sucheng as a breakthrough and said coldly: "Dong Su, the Gulf War is about to begin. I agree with this judgment, but you said it will happen in the past few days, and I dare not agree. War is a holistic thing. The arrival of army equipment alone will take a long time. The troops arrive at the scheduled location, the plane transfer and the airport logistics... Based on my understanding of the Bush Cabinet, they will definitely seek extensive support before the war begins, so it will not be a sudden attack operation..."
He seized the opportunity, published a long speech of hundreds of words, and then excitedly waited for Su Cheng's rebuttal.
How many people in the Policy Research Center can get such an opportunity to debate in front of Su Zhenguo?
Su Cheng forced his eyes to hold his eyes and felt bored halfway through listening. For those who had known the result, it was a little more meaningful to hear the correct guess, but it would be even more boring to hear the wrong judgment.
So, under Jia Lidong's expectant gaze, as his statement ended, Su Cheng slowly closed his eyes, and his breathing rhythm became slower and slower.
He fell asleep.
…!~!
Chapter completed!