sinovels Chapter 123 Backhand Shorting
Chapter 123 Backhand Shorting
Chapter 123 Backhand Shorting
Thursday, June 2009, 10.
In the morning, after coming to Meta Investment Company, Chen William asked John Paulson to close all the gold futures he held today. The current price of gold is around 1100 US dollars per ounce. Close the position.
So the trading team started a busy operation. At 1110 o'clock in the afternoon, they completed the closing of all gold futures. The closing price was around US$21.63 per ounce, and the current account balance was US$[-] billion.
Then he left 3.63 million US dollars in the account, and the remaining 18 billion US dollars, with a 5% margin ratio, that is, 20 times leverage, above 1120 US dollars per ounce, began to short gold.
When John Paulson heard William Chen's request, he couldn't help widening his eyes and hesitated for a moment.
This is 18 billion U.S. dollars. With 20 times leverage, it will leverage 360 billion U.S. dollars of funds. You must know that the daily trading volume of New York gold futures is only a little more than 1 trillion U.S. dollars. More than one-thirtieth of the usual trading volume!
The most important thing is that as long as the price of gold rises by more than close to 5%, there is no need to reach this figure, and the funds of this 18 billion US dollars will face liquidation, and thus will be wiped out.
However, after William Chen firmly repeated his request, John Paulson still chose to obey his order and began to direct the trader team to start operations.
Although William Chen was very calm at this time, the pressure in his heart was also very high. This is 18 billion US dollars, close to 123 billion Chinese dollars. This figure can occupy the top 30 in this year's Forbes China Rich List.
And William Chen's 18 billion US dollars is all in cash!
If, just if, the data of the [Wave Master Experience Card] is biased in reality, then the 18 billion US dollars is likely to be wiped out.
On the trading day, the New York gold futures trading hours are 24 hours a day, so there is still time to open positions.
As time passed, Chen William saw that at 14:35 today, the price of gold reached the highest price today, but this price was not the previous forecast of $1122 per ounce, but a slightly lower price of $1117 per ounce.
William Chen breathed a sigh of relief. At least in terms of time, the forecast was accurate, and the lower price should be the result of his short-selling funds this time.
However, it is not easy to short-sell such a large amount of funds. William Chen has been staying with Meta Investment Company, waiting for the final result. Finally, four hours later, John Paulson completed the operation. The short-selling operation, the average price of short-selling is about 1106 US dollars per ounce.
Although the position has been successfully established, Chen William still has a doubt in his mind, that is, after the gold price reached a high point today, what happened later that caused the price to drop so much?
Anyway, so far, there has been no bad news about gold in the market, and the price of gold has only fallen slightly after reaching $1117 per ounce, but it still remains above $1100. It can re-break through the highest price of $1117 today.
This situation also makes people very nervous. After all, William Chen uses 5 times the leverage. As long as the gold price rises by 1160%, the position will definitely be liquidated. With his current position, as long as the gold price breaks through 18 US dollars per Ounce, his $[-] billion is about to go up in smoke.
Now William Chen knows why those gamblers are addicted to this. This feeling of life hanging by a thread, the tension is really tense, and the excitement is also really exciting. Every time the gold price fluctuates upwards, dopamine will be secreted crazily, and the heartbeat will speed up. In the long run, it will definitely affect the normal judgment. I am afraid that in order to pursue this kind of stimulation, many people want to walk a tightrope on the cliff.
Up to now, William Chen’s company account still has 3.63 million US dollars of funds, of which 1667 million US dollars will be transferred to Siri. When the company was acquired before, there was still 1667 million US dollars of capital injection remaining. Now the account has money Yes, it should be turned around.
There is another 6000 million, which is the money invested in the two "The Hangover" movies, which will be transferred to the account of Future Pictures later.
In this way, there are 2.86 million US dollars left all of a sudden, and I will invest in Marvel again soon. Hey, the money is really not spent.
However, even though the warehouse has been completed, William Chen still has the price of gold in his heart. He is afraid that if there is a mistake and the price of gold fluctuates slightly, he will bury his funds.
As a result of this, she occasionally lost her mind when she was dating Paris at night, which made her quite dissatisfied.
Paris returned to New York again. After she went to Lindsay Lohan's house for a party with her last time and she got drunk, William Chen gave her a good lesson and told her not to drink anymore. ban.
Paris was naturally dissatisfied with this ban, but when she saw Chen William's serious expression and raised hands, she still chose to obey.
Of course, she still has a little temper. The next day, she left New York with her bodyguards to visit her perfume workshop.
After returning to New York again, Paris is also ambitious. She said that she plans to shoot another reality show, and then find a TV station to broadcast it, continue to increase her popularity and promote her brand.
Uh, of course, William Chen can't escape either. The reality show that Paris is currently planning is called "Paris and Her Friends". In order to arouse the curiosity of the audience, there will definitely be some more controversial friends in it. Appear.
After hearing what Paris had finished speaking, he also had to admit that this girl really knew what the public wanted to see most, because among the guests she expected to invite, there was Ivanta... After William Chen and the two girls both After the scandal broke out, their previous relationship was also speculated by many reports, and many fans even asked directly on Paris’s Twitter. Paris did not answer positively before, but it is official that the two are still is a good friend.
Unexpectedly, this time Ivanta was directly brought into her reality show. William Chen was very suspicious, and the other party probably would not agree so easily.
"What did you say? Ivanta agreed?"
Where did this come from?William Chen didn't understand.
However, after having a relationship with both women, he seldom mentioned the other in front of one of them, so in fact, he was a little confused about the current relationship between the two women, maybe it was really E Huang Nv Ying William Chen couldn't help feeling a little optimistic.
What Paris said next shattered his illusion:
"William, do you think that if we fight in the show, the ratings will explode? I figured it out. I have to wear a hat that day, so that she can't catch my hair. I will definitely tear her clothes, huh .”
Do you want to be so hot?But one thing to say, William Chen is really looking forward to what will happen to that scene. Of course, the premise is that he only wants to watch it. If it is broadcast, it will be a lot of fun. It must not become the headlines of newspapers across the United States for several days in a row. .
"And you, William, you will also be a guest, so behave better then."
It doesn't matter whether the guests are guests or not. Anyway, Paris has her own investment, and William Chen is also very happy to help her.But the premise is, don't let yourself and Ivanta have a show with Paris at the same time.
But when it comes to Paris's reality show, Chen William thinks of his cousin Roger. I don't know if he can handle it now.In addition, his relationship with Kardashian, I am afraid that when Paris's reality show invites Kardashian, he will also be on camera?Thinking of his uncle's expression when he saw this scene, William Chen felt like laughing.
Fortunately, Chen Weilian's concentration is not bad, at least he thinks so.The main reason is that he was able to hold back from looking at the trend of gold prices during the free fight with Paris. He didn't take a quick look until after the end. Fortunately, he didn't cross today's high point.
He thought of the interesting rumors he had heard in his previous life, that is, the self-cultivation of futures traders lies in the fact that they are always concerned about the market between exercising with their girlfriends, er, it is too real.
William Chen's worry lasted until the morning of the next day, and he finally breathed a sigh of relief——
Friday, April 10.
HSBC said the default on subprime mortgages was far worse than expected.
New Century Financial Corporation stated that the company had expected losses in the fourth quarter of 2009, but the company failed to correctly estimate the severity of the losses suffered in the first three quarters of 2009 in default and arrears of housing loans.By the end of the day, its shares were down more than 35%.
Seeing this news, William Chen realized that the subprime mortgage crisis was about to explode.
(End of this chapter)