The Son of Finance of the Great Age

  Chapter 343 The trap behind the rumor

   Not to mention the losses suffered by the Quantum Fund in Indonesian rupiah, in the far north of East Asia, South Korea and the International Monetary Fund reached a rescue agreement, and the amount agreed by the two parties was 55 billion US dollars. The first tranche of US$5.56 billion was immediately delivered to the South Korean side, and the second tranche of rescue funds will be paid after the inspection of South Korea's reforms on the 18th of this month.

   It must be explained that Koreans have a habit of bragging. Even if they are in a high position, this bad habit deeply rooted in the national character still cannot be changed. During the negotiations with the IMF, South Korean officials boasted no less than three times that they had reached an agreement with the IMF. The content of the agreement was very beneficial to South Korea. Accept the slap in the face.

   This time is no exception. Although the IMF has strict regulations on the amount of rescue funds and the allocation time, this does not prevent the Koreans from blowing the wind. An official from the South Korean Ministry of Finance, who did not want to be named, let the media know that the first rescue fund for South Korea reached as much as 10 billion U.S. dollars, and the subsequent funds will be allocated to the South Korean side one after another. In fact, the rescue funds are not official. The announced US$55 billion was US$65 billion, and the extra US$10 billion came from European countries and so on.

  Because it is anonymous and not considered an official statement, the IMF has neither the responsibility nor the obligation to refute rumors. In fact, Koreans are not stupid, nor do they brag indiscriminately on any occasion. At least in the current Korean won foreign exchange market, these rumors have played a quite obvious role.

  Affected by these news, on December 5th, during the Asian trading hours, the Korean won rose after the market opened. Due to frequent positive news, investors also believe that South Korea has sufficient capacity and financial resources to solve the current predicament. Therefore, after the substantial depreciation of the Korean won, the buyer has once again rarely gained the upper hand.

   Speaking of the last time the buyer had the upper hand, it dates back to the day when the agreement was formally reached with the IMF. In addition, in other trading days, the power gap between the buyer and the seller is relatively large.

   "The opportunity is here!"

  Ren Ruowei roared, clenched his fists in excitement, shook his head and said to the traders: "Pay close attention to market movements, and if there is a large amount of selling, eat it immediately!"

  In his calculations, the Korean won has almost fallen, but today's news may bring a turning point to the Korean won. His judgment is that if it is not today, or in the next few days, the trend of the Korean won will be completely reversed, and it is impossible to rise to the exchange rate level of 1,000 won to 1 US dollar. The exchange rate of 1,100 won to 1 US dollar is considered an equilibrium price, and the won will fluctuate up and down here.

However, he was not dazzled by his own judgment. You must know that he has a short position of about 1.5 billion US dollars. If he spends an extra price to buy Korean won, the profit loss may reach hundreds of thousands of dollars. Therefore, he ordered the traders to wait for the short sellers to enter the market again to suppress the Korean won, and to cover their positions at the lowest price.

   "1250, 1249, 1248..."

  The real-time data of Korean won to U.S. dollars is constantly updated, and Ren Ruowei's heart is also beating wildly. At this time, he is highly concentrated, his fists are trembling slightly, and beads of sweat are constantly pouring out of his forehead, obviously extremely nervous.

Since the South Korean won's trading volume has shrunk significantly since the Bank of Seoul gave up its support, without the central bank, the largest trader, international hot money can only carry out their transactions gradually. After all, transactions with large amounts of funds can easily cause other opponents to vigilance and even covetousness.

"coming!"

   Just as Ren Ruowei was thinking wildly, his trader suddenly yelled and pulled him back from his state of wandering. He shook his head subconsciously, and then took a closer look. There was a sale order of Korean won worth about 50 million US dollars in the market, which immediately sealed the rising momentum of the Korean won.

   Seeing Ren Ruowei looking over, the trader immediately asked: "Boss, do you want to buy now? It seems that the short side can't hold back anymore, and wants to show some color to the long side."

Ren Ruowei pondered for a long while without answering, thinking quickly in his mind: If the bulls are willing to buy at this time, they might not be able to grab this spot sale order; but if the bulls can't hold it , I might be able to expand some more profits.

When Ren Ruowei was calculating whether to buy now or wait for the shorts to hit the bottom later, something happened in the market, and soon the sale of 50 million won was sold by a few people who didn't know where. The bulls that came out were wiped out, and this huge amount of smashing only stayed for about half a minute. After suppressing the price to 1250, it was immediately digested without a trace.

"Oops!" Seeing this scene, Ren Ruowei slapped his head and said annoyedly, "It seems that I underestimated the confidence of the bulls, and I have to act faster, otherwise I'm afraid I won't even be able to drink the soup. "

It's no wonder that since Ren Ruowei can appreciate the impact of these "good news", other people can naturally understand that in fact, apart from the difference in financial resources, everyone's sense of the market is similar, especially when it comes to the market. This kind of news is almost semi-public.

   "The next time there is a large amount of selling, take it immediately, as much as you want!" After thinking about it, Ren Ruowei gave such an order to the trader without thinking, and began to sweep the market with all his strength.

   Soon, the bears once again threw out a large amount of selling orders, this time the quantity was still about 50 million US dollars worth of Korean won spot. This time, Ren Ruowei's trader had quick eyes and quick hands, and without leaving any chance for others to react, he quickly typed the pre-set order, and formed a match almost in the blink of an eye, and exchanged the won for 1,248 won. Exchange 1 dollar level to buy down.

  Seeing as many as 62 billion won of selling orders disappeared without a trace like a mud cow into the sea in an instant, the short sellers were obviously surprised. After half an hour, there were no more large-scale selling orders. This made Ren Ruowei feel a little bit disappointed at the same time, thinking that if there is no such a large-scale selling order, how long would it take for him to have a position of 1.5 billion U.S. dollars based on the daily transaction volume of tens of millions of U.S. dollars? Only then can it all be flattened!

Without the hindrance of big short positions, the Korean won traded frequently in front of many bullish small funds, rising steadily, and soon rose to the level of 1230 won to 1 US dollar, an increase of 2.2%, and it continued to rise. Korean won bulls are more satisfied.

  Maybe they saw the momentum rising too fast, or maybe they knew the inside story at all. When the Korean won was about to break through the 1230 mark, the short sellers once again gathered around 30 million US dollars in selling, trying to prevent the bulls from going up. This time, Ren Ruowei did not make a move, and he was not satisfied with the price, so he stopped the traders from buying.

I don't know why, the bulls who made the move before didn't make any moves anymore. This made the little bulls who originally planned to fish in troubled waters miserable. They couldn't pry the mountain in front of them at all. After a reversal, the price of the Korean won gradually fell back.

Ten minutes later, the Korean won fell back to the position of 1245. At this time, the main bulls who had been silent for a long time made another move and began to enter the market to sweep the goods, and the short side was not to be outdone. Although they didn't know why the bulls didn't make a move before, but now It is a good time to suppress the Korean won, so the two sides began to confront each other frequently between 1245 and 1250, and they fought hard.

   "What... what should we do?" The traders were also dumbfounded by this situation. They all looked at Ren Ruowei, and found that the boss was also frowning and at a loss.

"If the news is true, why did the market fluctuate today instead of soaring into the sky? The actions of both short and long positions are suspicious, and it is indeed uncertain now!" Ren Ruowei had calmed down at this time, Through the analysis of the disk surface, we can figure out some other flavors.

   It has to be said that Ren Ruowei does have some basic skills. In the complicated trading of the market, he can smell something unusual by observing the movements of the main players of both sides. After thinking about it for a long time, he looked up and saw that almost all the traders were looking at him. Ren Ruowei couldn't help but stare, and deliberately reprimanded: "What am I doing? Don't you need to do something?"

  The traders turned away helplessly, slandering in the bottom of their hearts, without trading orders, what should they do?

After thinking and thinking, Ren Ruowei finally decided to help the short sellers. After all, he still has billions of dollars in positions that have not been liquidated. Naturally, the lower the price, the better. Impatient traders said, "Sell $10 million in Korean won and see how strong the bulls are?"

  Although they were surprised, the traders kept their mouths shut and decisively carried out Ren Ruowei's orders.

It is strange to say that the bulls who were able to draw a tie with the bears, after discovering that there were new bears entering the market, retreated across the board with just a little resistance. The won also continued to slide from around 1245, and fell to around 1260 in a short time .

   This price was already acceptable to Ren Ruowei. Just when he was about to let traders start buying in large sums, a piece of news from South Korea made him stop trading immediately.

"What? There will be a big group declaring bankruptcy tomorrow? My God, is the news true? Are you sure?" Ren Ruowei couldn't believe it at first, and then asked several times about the authenticity of the news, and finally got the confirmation When he answered, he put down the microphone dejectedly, his face pale.

   "Boss, shall we continue trading?" Seeing Ren Ruowei's distraught look, the traders looked at each other, completely unaware of what happened. Finally, a trader who seemed more astute asked weakly.

   "Trading? That's right! Stop trading immediately!" Ren Ruowei reacted at once, roaring hoarsely, then wiped the cold sweat from his forehead, and said with lingering fear, "Almost fell into the trap!"

Yes, if according to previous predictions, after the Korean won fell again, the main bulls will definitely enter the market desperately to buy, and the good show of pseudo-longs and pseudo-shorts who have been playing a good show all day will be It works, the main force enters the market to buy before seeing the decline, and these funds that are actually shorts will snipe generously, so as to build up short positions, and when the news comes out tomorrow, they will earn several percentage points in an instant profit.

   It's just that the seemingly fierce fight between the two sides has no effect because of a phone call. The bulls have never shown up, and there is not much remaining trading time. The party who set up the game finally ended the Asian session at the 1260 position.

   "The inside information is really scary!" Ren Ruowei, who was lucky enough to escape the catastrophe, couldn't help but sighed a long time after the market closed, and said very bitterly.

Although even if it is a one-day transaction, the party setting up the situation will not be able to establish many positions, but if Ren Ruowei is really hot-headed and sneaks in at once, he can at least send hundreds of millions of dollars to the multi-party, and wait until tomorrow. These "cannonballs" may be converted into profits of millions or even tens of millions of dollars, and these profits originally belonged to Ruofu.

   Thanks to book friends A Fei, When the Wind Rises ㄟ Missing You, Toothless 1, Let me think about it and vote for monthly support!

  (end of this chapter)