Chapter 629: More kills and more stampede situation
Waltergu of 'Pacific Asset Management' never expected it.
He gave up the opportunity to advance and retreat with the main players of the bulls on LME copper, deliberately avoided Su Yue, and chose the foreign exchange market as a chance to make up for the losses, but eventually he bumped into Su Yue, the opponent.
After everyone agreed on the subsequent operation strategies and directions, they drank a little wine from each other and then they dispersed.
Su Yue returned to the hotel and it was already past 10 o'clock in the evening of London time. He turned on his computer and took a look at the trends in the North American market.
After the US stock market went sideways to intraday, it encountered a negative attack on the "subprime mortgage" and panic and sold again. The three major indexes of the Dow Jones Industrial Average, Nasdaq, and S&P all fell sharply across the board, and at the close, the decline was more than 2%.
The brief rebound of the global market was once again covered up by the plunge as the "subprime mortgage crisis" continued to deepen.
The next day, November 16th, Friday, the Asian financial market, which had only had a good day, opened sharply lower, and then fell across the board.
The Shanghai Composite Index once again fell by more than 200 points, a drop of nearly 4%, and fell to around 5,200 points.
The "core assets" stocks such as Huaguo Petroleum, Shenhua Coal Industry, Huaxin Securities, and Huaguo Aluminum all plummeted by more than 7%. Blue-chip stocks were all massacred, and only the "Olympic" theme stocks are remarkable.
During several trading days, more than 2 trillion of wealth in the entire A-share market evaporated.
Even though the Chinese capital team is struggling in London, sweeping billions and making tens of billions of dollars in profits, bringing glory to the country, it faces the stock market with successive plunges and losses.
After a brief period of excitement, everyone was still in panic and despair.
Under the successive plunges, the view of the "bull market" has quickly shaken, and even the investment concept of "core value" has begun to collapse in the hearts of investors.
Following the plunge in Asian financial trading markets.
The London financial trading market opened, and Lloyds Bank, which was in crisis, was sold out in panic at the opening, falling by more than 10%, causing the entire financial stock to collapse.
The FTSE 100 index opened low and closed low, with a decline of 10 minutes after opening, then it expanded to 2%.
In the bond market, the three main bond futures contracts, 326, 413, 415, have stabilized and no longer followed the sharp drop.
The highly-watched LME copper closed sharply after yesterday's bulls and shorts reversal.
Today, it jumped to the $7,300 line, and after the opening, it instantly fell below the $7,300 mark and headed straight to $7,200.
In the entire market, bears take the absolute initiative.
There are not many longs who take the initiative to take over. At first glance, the instant transaction interface is full of short funds that follow the trend and sell at a price.
The main bulls trapped in the field were helplessly looking at the market where the bears were moving forward rapidly, and they were in tears. They couldn't even make up for the large-scale stop loss.
But it can't be done...
Under extremely strict closing orders, it must also be done.
As a result, many main players of the long positions, in desperation, began to "suicide" path of constantly selling short at market prices and grab orders to cover the orders, resulting in the situation of more killing and more seriousness.
Especially Lloyds Bank, which is in crisis, has been run by depositors and abandoned by investors.
Forced by the president's call, Wendel had to sell and cut positions on a large scale. He was watching the fund account lose money and change in units of tens of millions of dollars, and his heart was bleeding.
He knew he was completely finished!
Because even with this position-cutting model, it will take at least several trading days to completely withdraw from the position after countless short followers take the initiative to sell.
With LME copper, the current plunge dilemma of killing more and killing more.
A few trading days later, when he completely withdrew from his position, his loss must have reached an extremely terrifying number, which is no different from a liquidation position.
All of its funds have invested almost US$20 billion.
According to this appearance speed, in this appearance mode, he has to lose at least 60% of his funds in it before he can actually make it.
A 60% loss is far beyond the stop loss line of hedge funds!
Faced with such a huge loss, Lloyds Bank could not keep him. Investors involved in the subscription of its hedge funds will hate him to the core.
His career was completely over.
The same situation as him is Ampton of Orland Capital. This time, Orland Capital basically invested all its funds, and all its funds were in huge losses.
"The surname of Su is killing everyone!"
In the London Trading Room of Orland Capital, Ampton was furious and could no longer calm down.
Panic and sold, short orders were sold at the price. Without enough long positions, he could not close the position at all. He could only watch the losses continue to expand and the funds in the fund account were swallowed up.
This torment, this fear...
It made him feel as if he had just returned to the time when he first entered the financial trading market, when he lost the first big loss, and wanted to jump off the building in despair.
The trampling continues.
Because of his wrong judgment, the entire Aolan Capital will be completely ruined by him in the LME copper long-short confrontation.
After a huge loss in the stock market and a huge loss in LME copper, the entire Aolan Capital was ruined and a huge amount of funds of 10 billion pounds were lost. Even if he is the core senior executive of Allianz Capital, he may be directly removed from the board of directors this time.
What scared him even more was that such a huge loss was that the millions of fund investors, the social elites and bigwigs who invested large amounts of money in Aolan Capital would never let him go.
This is not the future, but... Once the funds are completely lost, my life may be gone.
At this moment, he wanted to cut Su Yue into pieces, but... all this was impossible to achieve.
"Did you cut your position regardless of everything?" Ampton stared at the LME copper trend that had been in a terrifying situation of killing more and killing more, and kept weighing in his heart, "If you cut your position regardless of everything and seize the only long-term funds in the market, you should be able to recover 50% of your principal in the end, right? If you really spend so little bit of money... you have been locked in the market, you may only have one way to lose your position."
"I can't say... I can only do this!"
Ampton gritted his teeth and made up his mind.
He looked sharp and immediately turned around and issued a deep order to Eve Elena who had been standing quietly behind him: "Quick... clearance-style reimbursement, appear as fast as possible."
Eve Elena was shocked: "Mr. Ampton, we have too big positions and we don't have so many supporters."
"Once you issue the order as you said and kill the price, it is no different from a liquidation position. We will fall into an unimaginable loss situation and even spend all our capital."
"Then put a very low price, lock the losses within a bottom line, and lure the bulls to buy at the bottom."
Seeing the gap in speaking, the price of LME copper had plummeted instantly. He squeezed a cold sweat in his palm and hurriedly reminded: "You must be fast, hurry up... In the situation of more kills, the main bulls who fell apart. In order to appear as soon as possible, someone will do this. We must be ahead of them."
"The man surnamed Su is now using short orders to force us to kill each other and eliminate all the positions. He can make the biggest profit."
"So cruel, so cruel..."
"But we have no choice anymore. Lloyds Bank collapsed. At this time, whoever does not escape will be the victim of the short butcher's knife, and even a slightest capital cannot be withdrawn."
"Try to cut positions and make up for the best possible situation. As long as we can withdraw about 50% of the principal, we will not be considered a desperate situation."
As he said that, Ampton looked at Eve Elena's back and quickly left. His eyes instantly stared at the office computer screen. The pound trading market where prices were changing constantly, and whispered: "Old guy, I really regret not listening to you. That guy George Bruce is really unreliable."
Chapter completed!