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Chapter 418 The Expanding Battlefield

The order issued by the Fangchu wheel is actually in a strategic position. It is like a beacon, but people in the financial circle are staring at this beacon. They light it and sound the horn of attack.

The intention to sell in the market suddenly disappeared without a trace. When the cotton companies were dumbfounded, they soon discovered a frightening thing...the supply chain was artificially cut off.

The price is inverted. The futures contract price is at the daily limit of 11230, the spot price is at 11500, and the spot price is higher than the futures price. This is called a futures-to-spot inversion.

But this inversion is not because the market is pessimistic about the price outlook, but because the price limit system limits the futures price from exceeding 11,230 on that day, which means...either it will continue to rise, or the spot price will fall.

"The goods are there. As long as there are funds, it can't fall!" Lei Hao stared at the numbers on the screen, knowing very well that when things got here, there was no turning back.

"Lei, the situation is stable." Leo came closer and said, "The spot price will not rise anymore, and the futures price has also reached the limit. They did not dare to step in to grab orders."

"There are sporadic selling in the spot market." Yu Rong added next to him: "It seems that some people still can't see the situation clearly."

"Don't worry about it, buyers won't stretch their hands too far." Lei Hao shook his head, not knowing what he felt.

If cotton-consuming companies try their best to raise prices in the spot market to grab orders at this time, it will not be a good thing for the bulls in the financial circle. If the price rises too exaggeratedly in an instant, traders' psychological defenses will be quickly washed away, and they will appear. goods.

The problem is that cotton-consuming companies feel that the price is too high, and they will hesitate, or at least most of them will hesitate. They do not have the courage of the bulls in the financial circle, so they are likely to miss this only opportunity.

As for the short sellers... they still have to figure out where their liquidation price will be, and raise the price? What a joke, not raising the price by a single point means a huge loss, they need to study it.

"The country chooses to release reserves on Thursday. The timing is just right. I will give you two days. Normally, the situation will be clear by next Monday." Lei Hao speculated on the overall situation: "Unfortunately, this time The situation is different. Except for the short sellers who have already entered the market, who is willing to stop this operation?"

Now the selling orders of cotton futures are actually more scattered than the buying orders, which results in the execution force of the longs being stronger than the shorts. When the market's long sentiment is stimulated, the huge funds of the longs will not cause the price to fall.

If you dare to sell, I dare to buy. After Lei Hao used up more than 1 billion, he dared to use the reserved 1 billion again. The reason is very simple: the bulls have no chance to maneuver.

Ten thousand tons or twenty thousand tons, as long as there are sales orders in the market and the price is below the line I have drawn, then I will buy it.

11,500, this is the answer that bulls gave to the market today. When traders showed sporadic selling intentions, they immediately received various feedbacks, and these people opened the price at 11,500. If the price is lower than this, there is no need to negotiate with others.

After trying to trade off a small part, those who hold the supply will immediately understand. They don't have to worry about the price falling below 11,500. They can raise their heads and say to the buyer: "Buy it or not!"

What's more, after seeing the market situation, some traders began to hold on to the inventory in their hands, and they... stopped selling.

"Mr. Chen, 11,000, please transfer 500 tons to me. We are all old friends. You can't just ignore it."

"The company only gave me 11,000 rights, so I can't raise the price any more."

"If there is one with a higher level, I can pay a higher price."

Chen Shuming walked out of the conference room and listened to the stories of old customers on the phone. He also felt unspeakable entanglement and hesitation.

"Sorry, it's temporarily out of stock." Chen Shuming made up his mind and said to the phone, and then he turned off the phone.

Seeing Chen Shuming walking back to the conference room, Lei Hao smiled. If the other party was talking about business, it would definitely not be done so quickly, so there was only one answer: Chen Shuming also started to close the trading channel.

"Mr. Lei, have a cigarette." Chen Shuming began to have some beads of sweat on his forehead. He took out the cigarette and circulated it to everyone present: "What do you think the price will be like?"

"I don't know." Lei Hao replied casually: "But I can give you a floor price in the futures market, 12,000!"

"Gu." Chen Shuming swallowed, feeling his throat was a little dry.

The futures market is 12,000, which means that people in the financial circle must at least raise the spot market above this price.

Lei Hao turned his head, but he knew better than anyone else that 12,000 was not enough at all. With the intervention of the financial circle, the spot market was completely disrupted. Many people would start to walk in and want a piece of the pie, and then the market would seem to Snowballing, eventually crushing anyone who dares to stand in their way.

Hearing Lei Hao's words, Leo and others also had knowing smiles on their faces.

12000? If Lei Hao's prediction is only 12,000, then why does he need 1 billion in funds? There must be more than one.

But...

After looking at Chen Shuming, Yu Rong, Xiang Yongze, Leo and others did not speak. This is the financial circle. People in the industry tend to communicate with their peers when doing business in the industry, while outsiders stay where they can.

After ignoring Chen Shuming, everyone kept their eyes on Lei Hao from time to time, not only waiting for the assignment of tasks, but also wanting to inquire about something.

It seems that the daily limit will be closed tomorrow or even next week, but when will the trading volume start to increase? After continuous surges, there are many short-selling areas. How many funds will enter? Is it really enough for Lei Hao to use 1 billion in funds?

If the battlefield can accommodate Lei Hao's funds, how will the Thunder operate? The short-term is definitely a thing, but how short can it be? long time? one day? Two days?

Lei Hao did not list these things in detail, because he knew very well that now he is a force that cannot be ignored in the market. It can even be said that he is the main force, so how the market will change depends partly on his operations.

“The crazier the market is and the higher the price is, the more money is pouring in and the more money is paying attention. Then at a certain position, people will start to enter the market and fight, and these people will attract more people. , eventually forming a battlefield that can attract countless people." Lei Hao seemed to see the next trend.

On Thursday, March 2, the cotton futures price closed at 11,230, an increase of 4%, and the spot price was 11,500. Cotton-using companies could not buy cotton, and their inventory had been reduced by one day.

On Friday, March 3, cotton futures continued to rise without any surprise. The price of 11,680 was enough to make everyone gasp, but the spot price of 12,000 told them that this matter was not over yet.

The market went crazy. Traders no longer opened positions to sell, but instead joined the ranks of auctions and reserves to raise prices. More and more funds began to enter the futures market, preparing to participate in this war.

Only the bulls except Lei Hao began to react... It seemed that the situation was beginning to escape the control of a few bulls.

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