" It's like boiling a frog in warm water." When Fan Geyin and Huang Lei were having a meeting, Yang Xing and his newly recruited subordinates were eating together. Two days ago, the futures contract that was like a hot potato became popular in the blink of an eye. At that time, the price of mung beans soared all the way. In the end, Yang Xing sold it for 1.5 million, and everyone was only half relieved. However, when he later learned that Yang Xing had quietly added another two million, and he had bought it at a 15% ratio, he had invested all his money in it. The remaining half of his heart was hanging on again. Finally, he sold all of them today and earned more than two million yuan.
Just now, Yang Xing summarized the futures operation skills for his newly recruited subordinates today. This was the first sentence. He said as he ate," The multi-headed man's calculations are very precise. He can eat slowly with small steps and run quickly. Not being noticed was the biggest achievement of the previous stage. But now, we deliberately added a big fire below. The water is heating up too quickly. Other than dead frogs, any living frogs will struggle to jump out. "There are no frogs in the water. No matter how much water is boiled, it's still a pot of clean water. Therefore, their next move must be to sell short, and it's a big short. They need to slowly lure the frogs back. This is our opportunity to make a move.”Yang Xing spoke with fervor, and the few new traders below were mesmerized by his words.
After a few rounds of screening, Yang Xing personally found four more traders. They were the brothers Liu Xianneng and Liu Xianli, who were locals of the Central Plains. They used to work in the grain wholesale market of the Central Plains Province and were very familiar with all aspects of grain circulation. Li Guofa, the former trader of the Liao Ning Gold Oil and Fat Future Company, looked rough, but he was meticulous. Xu Zhen, a Shanghainese who used to be a big shareholder in the Shanghai stock market, had made a big mistake in the stock market. He had the shrewdness of a Shanghainese. But now, they were like primary school students, intoxicated by Yang Xing's story. With the experience of the next decade or so, for the futures market that was still in its infancy, the operation methods of the traders were still very immature. Yang Xing wanted to instill advanced ideas into them first and let them practice in the next month. He wanted to sharpen them into sharp knives and prepare for the next feast of wealth.
After communicating with his family, He Guizhi finally agreed that Yang Xing would not go home on New Year's Day, but he made Yang Xing promise to go home for the Spring Festival. Yang Xing and the 20 or so newly recruited employees used the Greentown Hotel as their base. They got Fang Kai to put down what he was doing and rented a floor of the hotel with Zha Laowu and Wang Yiren. Together, they started to operate the mung bean futures business with all their might.
Yang Xing had set up multiple computers in a small conference room in the hotel building. He used the telephone line to dial up the Internet to keep track of the market situation. There were also blackboards and living facilities inside. He planned to eat, drink, pee, and sleep here for the month. He even called it the " war room." However, everyone scoffed at him, especially Hei Wa, who knew him better. He privately said that he was too lazy and didn't want to go out. He just wanted to sleep at home. All the employees were given Han Xian's iPhone. Fang Le and the other seven traders had to go directly to the stock exchange to trade. Each of them had a motorola 3200 mobile phone so that they could contact each other at any time. Yang Xing's confidence ignited everyone's fighting spirit. Even Wang Yiren and Zha Laowu, who were not very familiar with the futures business, were infected by this enthusiasm. Everyone's fighting spirit was high as they waited for the next wave of the market.
Just after New Year's Day in 1995, the long-awaited provincial grain and oil futures company immediately set off a long-term war. The short-selling side, which was mainly based on the local funds of the Central Plains, released a large number of short orders, while the foreign forces led by the State Council of Dalian desperately tried to maintain the momentum of the bulls. The two sides began to fight in the air. On the afternoon of the 3rd, the bulls 'crazy momentum of the past few days was contained.
In the " war room ", it was a busy scene. Paper flew everywhere, and everyone was shouting loudly. Yang Xing stared at several computer screens with a serious face. He carefully reviewed every transaction record sent over and then issued various instructions. As his assistant, Wang Yiren was even busier. She didn't even have a sip of water for the entire day.
When the market closed, everyone thought that they could finally catch their breath. Yang Xing mercilessly criticized everyone,"I failed too much today. My reaction was slow, and I made many mistakes. I almost couldn't direct properly. I even rehearsed for a few days. I've made it a rule that everyone has to summarize their work every day after the market closes.”Everyone wailed, but they had no choice but to pull themselves together and participate in the summary meeting with their hungry and exhausted bodies.
Wang Yiren was one of the few people who didn't complain, because she felt that there was a long-lost flaw in her busy schedule. It was slowly breaking her body, which had been sealed for a long time. That flaw was calling back the confident and beautiful Wang Yiren who had been looking at her on stage. And all of this was brought about by the exhausted big boy who still insisted on listening to everyone's summary and commenting. She stared at him and felt that she had a brand new life for the first time.
After a few days of tug-of-war, the bears lost their patience and threw out a big card. On the morning of the 6th, Xinyang Granary first publicly issued a statement in Zhongyuan Daily, severely refuting the rumors that the granary had caught fire not long ago. On the same day, the provincial grain and oil company released news that the purchase price of grain this year was significantly lower than the previous year, especially the mung bean, which had been reduced by 17%. As soon as the news came out, the bulls, who had been as excited as if they had taken Viagra, finally stepped onto the end of premature defecation.
In the following week, the bears were all smiles. The provincial grain and oil company was almost arrogant as they sold their shares. The foreign forces that suffered losses changed their flags and invested in the bears. Only a few people were still struggling, because there were always smart people who noticed that most of the bulls had been secretly taken down, so their losses were not particularly great. Yang Xing and the others followed the short sellers to buy at the opening of the New Year. When the long and short positions began to reverse on the 6th, they took advantage of the situation to sell all of them and made a lot of money. After that, he did not follow the bears to pursue their victory. Instead, he walked out of the war room and visited the big companies that were still struggling with bulls, including Dalian Development Corporation. The result of the visit was that most of the companies finally put down their pride and joined the ranks of bears. In the end, the provincial grain and oil company took over almost all the bulls.
A week before the delivery, Fan Geyin and Huang Lei, who had been preparing for a long time, finally threw down their last trump card and officially announced the purchase price of grain this year. Unexpectedly, contrary to the rumors in the previous stage, the purchase price of all grains exceeded last year, and mung beans ranked first with a 10% increase. This time, the futures price and the current price were seriously deviated. The bulls won, and the bears suffered heavy losses. They lost at least 300 million yuan on the mung bean alone. Although some people realized that the bulls were basically related to the provincial grain and oil company, the cry of "shady" lingered in everyone's heart. However, it was less than a week before the delivery date, and the purchase price had already been reported to the Ministry of Agriculture. There was basically nothing they could do. Everyone could only sigh at their bad luck.
Someone had said that miracles always happened when people least expected it. Just when everyone was in despair and there were three days left before the delivery date, two pieces of news suddenly came and pulled everyone back from the bottom of their hearts. The first piece of news was that the State Planning Committee had vetoed the purchase price of this year's grain reported by the Ministry of Agriculture and put forward a guiding opinion. In order to stabilize the national grain production and stabilize the change to the system of fixed price, attention should be paid to ensuring a smooth transition of grain prices. The unspoken meaning was that this year's grain purchase price was not allowed to fluctuate greatly. Therefore, the grain purchase price of the provincial grain and oil company became invalid in the blink of an eye and became a joke. The bulls were panicking, and they couldn't hold back and began to sell.
The second piece of news was a day late. After a report, the Provincial Department of Finance's investigation of the province's grain system revealed a huge crime of deficit. The three major granaries in the province, led by Xinyang Granary, all revealed different degrees of deficit. The preliminary statistics showed that the total deficit of grain in each granary was more than ten million catties. This news became the last straw that broke the bulls 'hearts. As soon as the news came out, the futures price of mung beans fell by 12%, reaching the maximum limit allowed by the market. The bulls were so excited that they almost flipped over the roof of the stock exchange. After all, this was the biggest reversal since the establishment of the stock exchange. Many people were still in a dream. A moment ago, they had almost lost all their underwear. In the blink of an eye, they had become millionaires. This indeed required some time to adapt.
Fan Geyin and Huang Lei felt as if the sky was falling. They could only use their last resort and use the company's grain purchase funds to make up for the loss. The next day, the bulls with more than 100 million yuan forcibly raised the delivery price by 10%, but the bears were not willing to be slaughtered and were prepared. Under the leadership of the State Council of Dalian, they fought back desperately. By the afternoon, the fight entered a white-hot situation, forming a situation where the provincial grain and oil company was facing multiple futures companies. The funds invested by all parties exceeded 5 billion yuan! The provincial grain and oil company finally lacked stamina and retreated step by step. The delivery price fell step by step. For every 1% drop, it would lose nearly 10 million. Huang Lei, who was like a cornered beast, lost his eyes. When there were still five minutes left to close, he crazily placed a purchase order of nearly 10 million. According to the transaction ratio, he would have to pay 1 billion yuan when the delivery time arrived. The audience was stunned and finally pulled the price to the long position.
However, their celebration only lasted for one night. The next morning, the commercial exchange announced: "All transactions in the contract five minutes ago yesterday afternoon will be offset to zero overnight, and all physical delivery will be terminated.”The biggest loser of the trading exchange's actions was the provincial grain and oil company. They were forced to close their positions. Although they did not have to pay a billion yuan, they still lost at least 400 million yuan, including the grain purchase funds of the provincial grain and oil company.
The participants in the futures market are opposites of the bulls (expecting the price to rise) and bears (expecting the price to fall). The exchange is a non-profit intermediary because it is responsible for providing and supervising the market. According to international practice, only by putting their own interests outside the market could the supervision of the exchange be truly fair. However, for many years, although China's futures exchange had been adjusting its position in the market, it had never been in place. After this incident, a month later, there would be people who would repeat this ridiculous scene.
In 1999, in Yang Xing's previous life, the stock exchange had done this stupid move to leave its name in the history of world futures. At that time, the target was also mung bean futures. The direct result was that mung bean futures gradually disappeared after entering the 21st century and died naturally.
.
This book comes from：m.funovel.com。