Chapter 1611 A person's battle(1/2)
Soros was indeed smiling very happily, but Pisius, who was really in charge of the operation at this moment, couldn't laugh at all, and a large amount of cold sweat broke out from his forehead.
What a hell!
Don't Fang Chen and the others know how to save some bullets?
With the intensity of Fang Chen's current offensive, even if there were a hundred mountains of gold and silver, it wouldn't be enough for Fang Chen to fight!
In just one hour, he has already invested 2 billion U.S. dollars. As for Citigroup, Morgan and other financial giants, the investment will not be less than 3 billion U.S. dollars, and if you add in the short-selling of other retail investors,
funds, as well as the huge selling pressure from retail investors after seeing the rise.
It is said that there is always a need to release more than 7 billion US dollars of short positions.
But Fang Chen's side was like a bottomless pit. No matter how many short positions they invested, Fang Chen would take them. He did the math for Fang Chen. In this hour, Fang Chen had invested at least 8 billion US dollars.
Otherwise, there won't be such an effect.
There is no way, who could let the current situation happen? With the courage and knowledge of retail investors, it is impossible for them to have the courage to enter the market. This means that Fang Chen is fighting all of them on his own!
It is no exaggeration to say that Fang Chen has enemies all over the world at this moment. This is Fang Chen’s battle alone!
However, what is even more incredible is that Fang Chen not only withstood their attacks, but also continued to push up the Hang Seng futures index and the Hong Kong stock market very steadily.
Now the Hong Kong stock market has reached 6050 points.
This is a very astonishing point, which means that if you count them from today's lowest point, all of them have lost money, and the total amount of losses is definitely more than 5 billion US dollars.
There is no way, they have accumulated too many short positions in their hands, and if the market fluctuates even slightly, billions of dollars will be gone.
"Is this Fang Chen made of iron? Or does he just want to be a real man for a second?"
Looking at the market that was still steadily rising at this time, Pisius cursed with some despair.
"Pisius, I think there is something wrong with your thinking. You don't really think that Fang Chen just came out to fight you with one to two billion US dollars, do you?"
"No, no, do you really expect to completely defeat Fang Chen in just one or two hours?"
Facing the helplessness and despair of his subordinates, Soros laughed mercilessly.
Pichus followed him when he was in his twenties and had just graduated with a master's degree. It can be said that he personally trained Pichus for twenty years. Pichus's trading skills and understanding of the financial market were all taught by him.
He knows his character and habits very well.
How could he not see that Pixiu had other thoughts before, but because Pixiu just thought about it and did not take any actual action, he did not care about Pixiu.
After all, no one is perfect. When he was young, he had thought countless times about kicking that idiot off his head so that he could punch and kick without any scruples.
If you have no ambition at all, you will not be able to achieve a career, and it is impossible for him to keep such a person by his side for more than 20 years.
But it doesn't mean that he won't release his attitude appropriately at the right time and the right place.
Sure enough, Pisius's expression instantly became very embarrassed, and his face suddenly turned red.
His previous invincibility, killing Buddhas when Buddha stood in his way, and killing gods when standing in the way of gods, had made him uncomfortable with the sudden obstacle of having a stone in front of him that was difficult to move.
"Mr. Soros, I was wrong."
Since you were wrong, you must admit it honestly, Pisius apologized sincerely.
"There is nothing to apologize for. Just do your job well. I now approve you to use all the funds in your hand to fight Fang Chen at 6000 to 6500 points. After all, we have to find a way to increase the cost."
Pisius nodded heavily.
What was smooth sailing all the way before was actually not very good. After all, being too smooth meant that the entire market was bearish, and there were not many long positions for them to use.
This also forced them to set their points lower to find opponents, which also directly caused their costs to drop too quickly.
Although their current approach is also called adding positions with floating profits, it is different from adding positions with floating profits when it rises. The more positions you add, the higher the cost, while the cost of adding positions with floating profits when it falls is higher.
The lower the price, the lower the cost, which is obviously not a good thing for short selling.
For example, if they are also shorting to 5,000 points, then if the cost is 10,000 points, then their profit is 50%, but if the cost is 8,000 points, then their profit is 30%.
And now Soros and the others' costs have reached 7,900 points before today, which is 300 points lower than two weeks ago, and this is because Soros does not let Pisius invest too much money.
If Pisius's idea is true, their cost may have reached 7,700 points now, which means that once Fang Chen raises the stock market to more than 7,700 points, they will inevitably suffer losses.
But assuming that Fang Chen continues to struggle with them at the current point of 6,000 points, although the cost will still drop significantly, it will still be less than when the stock market reaches 5,000 points, right?
If Soros and the others can sell out all their chips at 6,000 points and successfully push the Hong Kong stock market below 3,000 points, then their gains this time will exceed 100%.
So from this perspective, they should be grateful to Fang Chen.
But when it comes to Pisius, he really has no intention of thanking Fang Chen at all. Even if Fang Chen dares to stand in front of him, he will definitely try his best to strangle Fang Chen to death!
Just now, he took another breath and placed a short order of 300 million US dollars, but the result was great, not to mention that all was eaten up by Fang Chen, and the trend also pushed the Xiangjiang stock market to 6100 points.
It’s crazy!
"Head, what should I do?"
Faced with this unprecedented situation, the traders under Pisius were dumbfounded and couldn't help but ask.
"What should we do? Stop it and fight again tomorrow. We can't just use up all the bullets and make someone else's wedding dress right now!"
Pisius glared at his subordinate and said angrily.
If possible, he really wanted to open this idiot's head and see if it contained brain or feces!
Although he still has plenty of bullets in his hands, he doesn't spend them like this!
He is not a fool. On the contrary, as Soros's right-hand man, his acumen in financial markets has surpassed 99.99% of the people in the world. He is truly unique.
So how could he not see that waiting until Fang Chen was completely exhausted would definitely not be a matter of time.
Moreover, there is a high probability that the market will continue to be pushed up by Fang Chen, which means that if he shoots all the bullets at the low level, he will have no money to add to his position after the stock market rises.
This also means that after Fang Chen raised the stock market, all the benefits gained were taken by Citigroup, Morgan, and other retail investors.
So faced with this situation, he would rather choose not to take action, endure losses, and wait for Fang Chen to raise the stock market to a certain height before continuing to short.
And we also need to know that short selling at a position higher than the cost is the best way to increase the cost.
If you go short all the way, you will get the highest profit, but no one will be able to see the so-called rebound after a while!
Thinking of this, Pisius glanced at the K-line chart angrily.
Although he was very disdainful of Fang Chen's actions, which were simply the actions of a reckless man, even at this time, Fang Chen was already compared to Don Quixote in his mind.
After all, whether it is Don Quixote or Fang Chen, the final result is a dead end.
But as a trader, who has never dreamed that he has unlimited ammunition in his hands, and he can shoot out as he wants!
Seeing that Soros had already stopped, and other financial giants such as Citigroup and Morgan were not fools, they also unanimously chose to stop, leaving the stage to Fang Chen and those reckless retail investors.
Without a large number of opponents, Zhu Changhong was not a fool, but honestly followed what Fang Chen said, pulling the Xiangjiang stock market to 6200 points, and then stopped, allowing the stock market to be driven by retail investors.
, continues to rise.
That is to say, when the selling pressure was too severe and the upward momentum was severely hindered, and even fell below 6200 points, Zhu Changhong would take a careful step to maintain the 6200 points.
After all, if the price is too high, not to mention increasing risks, for him, it also means increasing costs and reducing benefits.
The next day was almost a replica of the previous day. No matter how many bullets the short sellers had or how much selling pressure they had, they could not stop Fang Chen's progress.
The only difference is that this time Fang Chen asked Zhu Changhong to ensure that the Hong Kong stock market is no less than 6,400 points, which is only an increase of 200 points from yesterday, and today's trading volume is obviously much smaller than yesterday, with three points in a row.
None of them.
There was no way, Pisius and the others had learned a lot. When the game started, they briefly tested Fang Chen's strength. After finding that it was still so strong, they quietly retreated.
They have plenty of time, money, and confidence to win the final victory.
On the third day, the Xiangjiang stock market was locked at 6,500 points, and trading volume further shrank.
However, the steady rise for three consecutive days, especially the fact that Fang Chen would definitely protect the market as soon as it fell below a certain point, obviously greatly stimulated the investment enthusiasm of many Xiangjiang investors, and a large amount of money was invested in the Xiangjiang stock market.
As the saying goes, the best reason to go up is to go up.
So what could be more arousing the interest of retail investors than a sharp rise for three consecutive days, obviously supported by protective funds?
To put it bluntly, in this case, going in is simply picking up money!
However, those famous tycoons in Xiangjiang are not moving now, if they have no intention of joining.
First of all, Fang Chen has not notified them to enter the market. Furthermore, with their energy and network, how could they not see that the short sellers have not been completely defeated by Fang Chen, on the contrary, they are still gathering strength!
In this situation, if they went in rashly and said they were buried, they would really be buried.
Therefore, it is not too late for them to wait until the outcome is decided before taking action.
After looking at the situation on the board, Soros sighed in admiration. He really admired Fang Chen a little now.
The funds currently held by Fang Chen definitely exceed 100 billion US dollars. If there were not 100 billion US dollars, Fang Chen would not dare to play like this.
And one hundred billion US dollars is obviously a huge amount of money. If it is regarded as GDP, it can exceed 85% of the countries in the world.
But even with such a large sum of money, Fang Chen did not have any wanton ideas or eager for quick success, and moved forward steadily step by step.
Although it is impossible to obtain good returns in the short term, in the long run, it is definitely a good money-making strategy.
"It's almost time now. The semi-annual reports of those companies in Xiangjiang should be released, right? As far as I know, the situation of these companies in the past six months has not been very good."
Soros suddenly said with a smile.
To be continued...