Rebirth of the Strongest Tycoon

The latest website: If the price of LME copper futures is converted into the price of U.S. high-grade copper futures, it is equivalent to US$0.6740/lb, and the price of LME aluminum futures converted into Alcoa futures is equivalent to US$1.3612/lb.

But look at the opening prices of senior copper and aluminum futures on the New York Mercantile Exchange this morning, at $0.6320/lb and $1.2965/lb, respectively.

For both types of futures, the LME was more than 5 percent higher.

The difference is not too small!

And judging from the overlap between the customers of the London Metal Exchange and the New York Mercantile Exchange, the prices of the LME copper futures and LME aluminum futures of the London Metal Exchange will soon affect the senior copper futures and Alcoa futures of the New York Mercantile Exchange. , this extra-day factor will prompt the price of high-grade copper futures and Alcoa futures to rise.

This bullish factor is definitely bad news for a bear like Salomon Brothers.

"I seem to have been dragged down by Philip Bros. Albert Raphael absolutely underestimated the power of the bulls."

John Goodeland thought gloomily.

"I still have to find out if Albert Raphael has any follow-up preparations. If not, I have to make plans earlier..."

Thinking of this, John Gufran took out an address book from the drawer, found one of the numbers on the page of Philip Brothers, and pressed the button to dial it.

Soon, the call was connected, and Albert Raphael's slightly warm voice came from the receiver.

"John, good morning..."

"Albert, good morning, I got a piece of news, don't know if you know, the prices of London LME copper futures and LME aluminum futures are seriously higher than the prices of U.S. copper futures and U.S. aluminum futures... You know?"

"Okay, what are you going to do? You are the main force in shorting this time... Okay, I'll wait for your reply, please be sure to do it as soon as possible..."

After speaking briefly, John Gufran narrowed his eyes slightly, thinking back and forth about Albert Raphael's attitude and words.

After a long time, he opened his eyes, encouraged his subordinates and let them retire. Then he went to the operating room and issued an order to temporarily reduce the short-selling intensity. At the same time, he ordered the risk assessment department to combine the current situation.

Reassessment of investment risk in advanced copper and aluminum futures.

John Goodrone already felt that he seemed to be fooled by Albert Raphael. If Philip Brothers did not exert enough strength, he would have to consider whether to continue with Philip Brothers.

...

No matter how the bears such as Philip Brothers and Salomon Brothers struggle, Xia Yu is not nervous.

In his opinion, from the time he invested a large amount of money to buy spot contracts, the dominance of the situation has already fallen into his palm.

Anyway, his capital is enough to manipulate both markets, and no matter how the bears struggle, they are doomed to fail.

It depends on whether the bears are still willing to continue to overweight.

From Xia Yu's point of view, he must be eager to continue investing money in the shorts. The more the shorts invest, the more profits he can reap.

Because of a temporary incident, Xia Yu did not arrive at the New York branch of Galaxy Fund until 9:30 in the morning.

After arriving, Xia Yu was in a good mood to see that the company once again dominated the price trend of high-grade copper futures and aluminum futures.

Just taking a closer look and finding that the trading volume and frequency of advanced copper futures and aluminum futures were not as good as before, Xia Yu realized that the bears were hesitating.

If the handling fee is not taken into account, in principle, the futures market is a zero-sum game, with shorts and longs being equal, and neither party can play a one-man show.

This feature of the futures market is different from the stock market, because the stock market is not a zero-sum game.

If the bears do not follow up, the Galaxy Fund will not be able to spend any money.

The transaction volume and transaction frequency that Xia Yu saw in the operating room now is estimated to be equivalent to about two-fifths of the initial struggle.

Of course, Xia Yu's side is always ready to place a buy order to buy, and there is no sign of weak follow-up. The key lies in the short side, and the volume of sell orders is decreasing, which makes Xia Yu's side unable to perform.

Seeing this situation, Xia Yu suddenly felt a sense of disappointment.

Philip Brothers, the No. 1 futures market in the United States, and Salomon Brothers have this kind of strength?

"Song Yang, what about the open interest statistics?"

Taking Song Yang back to the office, Xia Yu sat down on the sofa with his arms crossed and looked at Song Yang and asked.

Song Yang said to wait for a while, and went out for about a minute. When he came back, he had a document in his hand and handed it to Xia Yu respectfully: "Boss, the data is here."

Xia Yu took it and looked at it seriously, frowning from time to time.

It has now held 98,200 lots of senior copper futures at a cost of US$ 1.459 billion. According to the opening price this morning, the value has reached US$ 1.552 billion. The floating profit on futures is $93 million.

The open interest of aluminum futures is 61,450 lots, costing 1.881 billion U.S. dollars. According to the opening price this morning, the value has reached 1.992 billion U.S. dollars, which is about to reach two Billion dollars, the floating profit of aluminum futures reached 111 million US dollars.

The two futures combined, the total floating profit reached 204 million US dollars.

Compared with the total investment of more than 3.3 billion US dollars, this floating profit rate is definitely a small amount.

It can also be seen from this that the shorts headed by Philip Brothers are still very strong, and the prices of high-grade copper futures and aluminum futures have not soared after so long.

Unlike in the London Metal Exchange, Barings Bank was beaten steadily, and there was almost no power to fight, only to watch the prices of the two futures skyrocket.

It's just that Xia Yu is still not satisfied with these data.

In terms of bulls, he is the main force in the main force, but on the short side, although Philip Brothers is a big bear, there are also other institutions entering the market.

Xia Yu estimated that Philip Brothers only invested about two billion US dollars, maybe even less.

Now, if the Philip Brothers company liquidates its positions and withdraws from the situation, the loss will not be much, it is estimated that it will only be hundreds of millions of dollars. It can hurt the muscles but not break the bones.

He planned to bring down Philip Brothers with one stick, and then take over at a low price. The loss of Philip Brothers is not big enough, which will increase the difficulty of his acquisition.

Thinking of this, Xia Yu instructed Song Yang, "Slow down the offensive for the next two days. You can even pretend that you don't have enough funds to lure more short-sellers into the market."

Song Yang was stunned for a moment, showing a sinister smile, nodded and said, "Boss, I understand."

The boss thinks that the pig is not fat enough.

...

After leaving Galaxy Fund, Xia Yu quietly came to the New York branch of Jiuding Securities.

As soon as he saw Toby Moulton, the general manager, Xia Yu went straight to the topic and asked, "Toby, how is the shorting going?"

Unexpectedly, Toby Moulton said with some regret: "Boss, the short selling went well before, and many institutions were willing to bet with us, but in the past few days, we have found four institutions, and none of them are willing to bet with us. "

There is only one reason for holding the shares of Philip Brothers, but not willing to gamble, that is, I do not have enough confidence in Philip Brothers. I am afraid that after gambling, the stock price of Philip Brothers will continue to suck blood and lose even more. .

If you don't gamble, you can sell stocks in time when the situation is bad, and control the loss within an acceptable range.

Xia Yu nodded slightly, and did not express any opinion immediately, but continued to ask: "How much have we been short now?"

During this period of time, the company revolved around this work, so Toby Moulton knew these data in his chest, and he said without thinking: "At present, we have bet with seven institutions in total, and the borrowed stock has a total of 221,200,000 shares, accounting for 14.75% of the total share capital, were sold for US$616 million."

"The stock price of Philip Brothers has now fallen slightly, and our floating profit is $8.26 million."

From these data, it can be seen that the impact of Philip Brothers' short-selling temporary loss has been fed back to its stock price, but because the outside world does not know the real loss situation, the stock price only fell slightly.

If the news of Philip Brothers' loss of US$200 million is revealed now, its share price will absolutely collapse. After all, the annual net profit of Philips Brothers was only US$289 million last year.

Now the price has fallen slightly, it is just that investors rely on speculation and subjective analysis, and are not optimistic about the prospects of Philip Brothers.

After thinking for a moment, Xia Yu's face became solemn, and he stared at Toby Moulton: "Toby, I have slowed down the Galaxy Fund's offensive. Maybe Philip Brothers will regain its advantage in the past two days, you must seize it. Opportunities, and strive to quickly increase the amount of short-selling."

"If some institutions are still unwilling to bet against each other, you have to send someone to keep an eye on them. When the general attack is launched later, keep an eye on their equity flow, so that it is convenient to hunt for the bottom in the later stage, understand?"

Toby Moulton also talked to the boss Xia Yu, knowing that he not only wanted to make profits, but also wanted to eat Philip Brothers.

He still knows which one is more important.

So he nodded solemnly and replied, "Boss, I understand, I'll make an action plan right away."

"Well, let's go, work harder." Xia Yu encouraged with a smile.

...

Sure enough, over the next two days, the bears were overjoyed as the Galaxy Fund's buying momentum slowed.

After successive trials, the bears kept increasing their stakes, trying to regain lost ground, and the bulls who lost the Galaxy Fund could barely parry.

Fortunately, there is also the price impact of futures markets in London and island countries, driving the prices of copper futures and aluminum futures on the New York Mercantile Exchange and the Chicago Mercantile Exchange to rise.

And Toby Moulton also seized the opportunity, and in just two days, he lured three more institutions and borrowed 8.25 million shares.

After borrowing, immediately began to sell.

It's just that Toby Moulton did not cover up in order to avoid being maliciously shorted.

But the large-scale stock sale, which has seen Philip Brothers' stock trading soar, has had a slight impact on the stock price.

The news inevitably came back to Philip Brothers, and Chairman Tendler Wells felt bad, with a sense of being surrounded by conspiracy.

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