Chapter 1447 We need to follow Zhou Ming
In the New Hartford Manor in Manhattan, New York, Piero was stunned with the phone. At this moment, he even doubted his ears and couldn't believe what he had heard just now.
What the hell is Lao Pi? He also kicked his ass hard. Is this your line from Zhou Ming?
Piero felt very puzzled, but...it doesn't seem to be the most important thing, do it again.
Want to borrow futures contracts from yourself to short Minnesota wheat?
As a Morgan family born, Piero is certainly very clear about what Zhou Ming is planning to do. He just wants to use financial leverage to short selling. This is not important. The most important thing is: Zhou Ming actually wants to short Minnesota wheat futures. Is he crazy?
Of course, if Minnesota wheat futures short sellers succeed, it will be able to severely attack the Wallace family, because although the Wallace family has many industries, Minnesota wheat is still a very important business source. Judging from the public information, it can reach nearly 40% of the revenue of Kaki Group.
Perhaps as a private capital company, this kind of publicly disclosed information has a certain amount of water, but it is enough to illustrate the importance of Minnesota wheat to the Wallace family.
I’m afraid this is why Zhou Ming chose this way, but the problem is that this idea does not exist at all!
Indeed, I have a lot of Minnesota wheat futures contracts in my hand, and I can also lend them to Zhou Ming. Zhou Ming can even repeat the process with Freeman and Tesman, borrow more futures contracts, and then throw all of these contracts into the futures market. But can this impact the price of Minnesota wheat futures? Well, even if it can affect it, how big can the impact be?
You should know that no matter whether it is yourself, Freeman and Teesman, your contract will not be lent to him for free, and generally speaking, the rate is not low.
In other words, if Zhou Ming cannot suppress the futures price of Minnesota wheat low enough, then this operation will be a loss. Or Zhou Ming simply defaults on the contract and refuses to repay it, and flees back to China with the help of China? Then it would be better to lose money, because doing so is equivalent to selling all foreign industries, and there is no way to go abroad to do business in the future. It is just to be eager to integrate into the international market, and the Huaxia official, which urgently needs to introduce international capital, will not support him in doing so.
In this way, Piero couldn't understand why Zhou Ming had to do such an operation that he would definitely lose.
Seeing that he was stunned for so long, Boya couldn't help but ask him curiously what was going on. Piero repeated Zhou Ming's words just now and asked him: "Bay, are you crazy about Zhou Ming?"
However, Boya did not support his uncle's judgment and sang a negative tune: "I think we may need to follow Mr. Zhou Ming."
If others were to blame Piero would definitely scold him for being crazy, but Beyath knew that he was not the one who fired randomly.
Pierro thought about it and asked him repeatedly if he had thought of something. Boya shook his head and said that he didn't know what Zhou Ming would do, but he understood that Zhou Ming must have had a solution, otherwise he wouldn't have such a big fanfare to engage in futures.
Piero also understands this. If it is just a bluff, the bet will be too big. The most important thing is that the chance of winning is very small. After all, if it weren't for Bear's consideration of a little extra layer, he would definitely not do it. Then, if he thinks so, Freeman and Tisman will also
It's the same.
After figuring this out, Piero immediately called Freeman and Teesman and others, and even called McClane, hoping to borrow some Minnesota wheat futures contracts in hand in case of emergency.
Boya was still sitting there. He thought about it for a long time, but still couldn't think of what Zhou Ming would do. In the end, he could only lament that he was still not as good as Zhou Ming. He even had no idea where Zhou Ming would start. If Zhou Ming was dealing with him... This idea just thought made Boya feel chilled.
On the other hand, Freeman Tisman and other capital families have very subtle attitudes. They rationally started with the same rationality as Piero, not believing that Zhou Ming could do anything. Even after Zhou Ming called them and borrowed the Minnesota wheat futures contract from them, they still thought that Zhou Ming was just a bluff and it was impossible to short Minnesota wheat futures. But later when Piero called again, the attitudes of these people were different.
Because one person may be a maverick, but two people do the same thing, it is intriguing.
Freeman asked Piero directly on the phone: "Tell me the truth, do you know anything? Or what are you planning with that Mr. Zhou Ming?"
Piero replied: "I don't know anything, but the wheat futures are rising very well now. I think the future is promising, so it's always good to hold it in my hand. And I have confidence in Mr. Zhou Ming. I believe he can beat Cote once and also beat McClass. I'm going to prepare first."
Piero's answer was not entirely nonsense, because Piero really didn't know Zhou Ming's situation or what Zhou Ming planned to do. He just guessed that Zhou Ming had actions and trusted Zhou Ming with his past experience. He felt that the future was promising, so he made preparations first.
But it was completely fantastic to hear Freeman's ears. It was incredible to participate in such a big thing with just one intuition.
However, he couldn't accept it psychologically, but in fact Freeman also had a scruple. He told Piero that his wheat futures had been lent to Zhou Ming, and that nothing was left in his hands now, and he also needed to buy or borrow from other places.
Piero said it didn't matter. He hoped that Freeman would contact him if he had a new futures contract, and Freeman also promised to contact him.
Although Freeman's attitude was earnest, in fact, neither Piero nor Freeman took this guarantee seriously.
Similarly, Piero called Tisman and others and got the same result.
This made Piero a little unhappy. He asked if he did this invisibly helped Zhou Ming.
Boya smiled and told him not to worry because their cooperation with Kaki Group was very successful, and Kaki Group was willing to lend a large number of futures contracts to him.
"As long as we hold a large number of futures contracts in our hands, once Mr. Zhou Ming starts to take action, we can gain a lot of benefits by selling it, and the joining of Freeman and Tesman can better help us get this result." Boya said.
Piero also understands this truth. After all, shorting can always drive more capital to join in, and the effect will be better.
As Piero Freeman and Tisman began to hold futures
After the contract, it quickly attracted the attention of McLaren and Midland. In fact, when Piero and the others started to move, the price of the Minnesota wheat futures contract on the market was held in large quantities, so the price rose rapidly. Under this situation, it was difficult for McLaren and the others to not notice it.
Midland and Dennis immediately went to inquire about the situation, and the result started from Zhou Ming.
Zhou Ming wants to short Minnesota wheat futures, so Piero and Freeman are all hoarding contracts.
This result made them all feel numb. I didn’t expect that Zhou Ming’s appeal is really so great? Can his words affect the entire American capital world?
McClane told them not to worry: "Things are definitely not like this. I admit that Zhou Ming must have the idea of shorting when doing this, but it is impossible to do it without the cooperation of the corresponding things."
Midland and Dennis also understand this. Although your Zhou Ming word can make everyone prepare, it does not mean that they can charge for you. They are not your subordinates.
But at the same time, they also hope that McClane will be prepared. After all, Zhou Ming is so aggressive that people have to guard against it. He speculated that another Klein would come to burn the granary?
McClane shook his head and said that this was impossible. After the San Cardo granary was burned, the Kaki Group even hired the most elite mercenaries to guard the granary. Unless bombers were dispatched, it was absolutely impossible to burn the granary on the ground. And more importantly, once the granary was burned, Minnesota wheat decreased, and the market was in short supply, and the price would rise.
McClane said and laughed: "If Zhou Ming is trying to do long, then I have to thank him, because it is equivalent to giving us money!"
Midland and Dennis also laughed, and they also hoped that Zhou Ming would give them more money.
However, in the face of the current situation, they could not do nothing. McClell finally decided that they would suspend the lending and transfer futures contracts first, and then make a decision after seeing the development of the situation.
At this time, McClane thought that his decision was very safe and easy to move forward and retreat. Whether Zhou Ming planned to go long or short, he held a large number of futures contracts in his hand, and the initiative was his own.
Midland and Dennis disdained that Zhou Ming was really crazy about wanting to fight with the Wallace family, the owner of Minnesota on the battlefield of Wheat in Minnesota!
After all, in their opinion, Zhou Ming is long and they are giving themselves a lot of futures contracts; even if they are short, because a large number of contracts are in their hands, Zhou Ming does not have enough contracts to sell, which cannot achieve the effect of panic in the market, and they will be invincible no matter what.
But they didn't know that it was this decision that caused them huge losses.
Just when Piero and Freeman were borrowing Minnesota wheat futures contracts everywhere and McClane cut off supplies, causing futures prices to rise steadily, a very inconspicuous news quietly appeared on the evening news of Columbus TV.
The San Cardo District Court held the first round of trial on the Crane case. When the suspect Klein was asked about the motive for arson, he told a very horrifying story. This story also made Klein's attorney Sapiro said on the spot that he wanted to appeal to the Minnesota Superior Court...
Chapter completed!