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Chapter 1501 It's Fang Chen again!(2/2)

"Fang Chen! That bastard Fang Chen must have escaped early!" Soros said decisively with red eyes.

In this life, there are not many people who can close their positions before him, and Fang Chen is definitely one of them.

His feeling at this moment was exactly the same as the last time he sniped at the pound, when Fang Chen ran away first, and then he supported Fang Chen!

"Then what do we do now?" Hewlett asked in a panic.

"We are selling now. Once Morgan and other short sellers in Citigroup wake up, we may be the ones buried!"

Soros gritted his teeth and said.

It seems that his current loss is not too high. After all, 48.8 is no different from 49. In total, it is only a loss of 70 to 80 million.

For a net profit of 7 to 8 billion, 7 to 80 million is not an unacceptable number.

But the problem is, if Fang Chen runs like this, and then he runs again, such a big movement will inevitably attract the attention of other big short sellers.

Once other short sellers follow suit, what follows will be an unprecedented avalanche!

By that time, it will be impossible to sell all the short positions in his hands, and he will inevitably suffer losses due to the rise in the exchange rate.

He estimated that if the loss would be less than 300 million US dollars by then, it would be considered a blessing from God!

There is no way, everyone has been in the financial market for many years, and their noses are more sensitive than a dog's. If there is any disturbance, they will slip away in an instant.

It can be said that in this case, only the first person to run can avoid any loss of interests. Everyone must run away, and the others must leave something behind.

This is also the cruelty of the financial market. One second, we were teammates fighting side by side, but the next second, we were enemies who wanted you to die!

Soros and Fang Chen, the two largest short sellers in terms of capital, both began to close and deliver their positions at the same time. How could other short sellers not feel this?

After yelling at each other, all the big short sellers began to close their positions and take delivery, competing to see who could run faster.

And this highlights the disadvantages of gang crime.

If they were to operate a financial product alone, they would still be able to keep shuffling the cards, pumping and selling, and striving to gain maximum profits.
Chapter completed!
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