Chapter 27

Chapter 27 Profit 1,954 billion

David Mellon has worked on Wall Street for seven years.

Work at a large financial company like Goldman Sachs for three years.

In fact, he himself has good investment ability.

It's just that his abilities are only at a relatively special level among normal people.

There is no comparison with these super geniuses, let alone wall hangings. But this ability was enough for him, after hearing Abel pronounce these two pieces of data.

Quickly understand possible changes in the international foreign exchange market.

"It turned out to be a bearish black swan and a bearish yen! Our short position started to pay off!"

David understood, his expression became very surprised.

For the next two minutes they talked.

Due to the madness of international giants, the yen exchange rate continues to fall. JPY/USD fell to 108.3010.

JPY/EUR also quickly fell to 98.2180.

Smith Capital's short position in the market recently resulted in a floating loss of $64 million.

Converted into a floating profit of nearly 100 million VND.

The deal obviously didn't close that quickly. At the central banks of other countries, to save the Japanese debt in their hands.

More or less, when they react a little.

The unresponsive neon central bank has not moved yet.

If central bank Neon decides to save the market, this wave of decline could end.

But if Neon Central Bank decides to ignore it, it is estimated to continue to decline. Amid all this there is a game between major international financial giants and central banks of different countries.

The complexity and excitement of the gameplay here is more than enough to write a novel of over a million words.

But it cannot be said that such a great game happens every day.

But it happens once a month, or even more than once.

So there's nothing to write about. David Mellon was absolutely excited. He ran into the hideout without drinking coffee.

In the hiding place,

Eight traders who have worked hard and worried for a week are also watching the market carefully.

Compared to the nervous David Mellon, Abel was much more relaxed.

After all, there is someone to keep. But he also followed David Mellon and entered.

After arriving, he immediately said: "Choose a position to close." First close 1/10 of the order, first close the Mitsubishi UFJ contract.

Choosing to take a tenth will be safe first.

Hearing the boss's order, eight merchants immediately began operating under David's coordination.

Soon, short selling contracts worth $2 billion appeared on the international foreign exchange market. simultaneously,

In the Empire State Building, not far from the Woolworth Building.

At the safe haven of Merrill Lynch Foreign Exchange Investments, a subsidiary of Merrill Lynch Securities is primarily responsible for foreign exchange investments.

The shopkeeper raised his head and shouted to his immediate boss, George Sen: "BOSS!" There is a liquidation contract of two billion, and the yen exchange rate has increased by one point!

George Sen is Japanese American but his bloodline is not limited to capital.

Or maybe capitalists have no blood.

Therefore, to short sell the Yen to make a profit, George Sen does not face any pressure. "At this moment, the entire public is partying. Everyone is short selling, how can such a situation of short selling liquidation happen? Is this a test by Neon central bank?"

"Check which bank and company it is."

The shop owner acted very quickly, immediately shouting: "It's a contract with Mitsubishi UFJ Financial Group!

"Mitsubishi UFJ? »

"It must be a middleman, who is behind it?"

George Sen couldn't help but say to himself.

Then he made his own judgment: "Small, 500 million US dollars for insurance." If the yen exchange rate falls a little, that is far from our expectations!

"clear!"

Subordinates immediately shouted loudly, then began to take action. Many traders at the capital corporation also made similar comments to George Sen. As a result, it did not take long for Smith Capital's $2 billion contract to be signed.

The yen exchange rate decreased a little more.

This caused Abel to close 2 billion contracts and earn a profit of 20 million USD.

For the remaining contracts, floating profits did not decrease but increased. From more than US$80 million today, it has become a floating profit of US$230 million.

And floating profits continue to grow rapidly.

Due to the yen's exchange rate, it continues to decline.

This result stunned David Mellon.

David initially thought someone was starting to close out short positions. The yen exchange rate is expected to increase slightly.

Unexpectedly, he fell down again.

He couldn't help but turn his head to look at Abel. Abel was now smiling.

David really wanted to ask "how could this happen? " Right away.

He didn't ask. Because it seems that he, one of the best students at the Wharton School of Business, has very poor academic qualifications.

Actually, if asked, Abel wouldn't know how to explain.

Because I recently chose to close 1/10 of the order and I chose the contract from Mitsubishi UFJ Financial Group.

This choice is not based on a person's financial ability to make a judgment.

That's his hook, let him work like that

Luckily, David didn't ask and Abel didn't have to rack his brains to answer. He simply continued to issue orders one after another, ordering David and the traders to sell, buy, and close their positions one after another.

that is all,

An hour and a half later.

There are no yen/euro and yen/dollar exchange contracts on Smith Capital accounts.

However, Smith Capital calculates a number of intermediary margin accounts.

But it has increased from the original US$ billion to US$2.954 billion. Floating profits become real profits.

One week into the layout, there was an outstanding loss of US$64 million in the middle.

But now, in two hours, a profit of 1.954 billion dollars thanks to the Yen exchange rate.

Even if we deduct the commission and interest of the intermediary, the profit is at least about 1.95 billion VND.

The joy of this kind of gain cannot be compared to the joy of buying stocks during a recession. He shook his head, warning himself not to go upstairs.

Although the suspension force is very strong.

But if in the right place, some big guys can directly remove the network cable.

Even gives you physics to play with for disappearing.

Now everyone cuts neon and saddles together, of course it's fun. But if the gun is pointed this way, in a moment someone will turn around.

And the current self has not yet developed to the point where it is not afraid to turn back.

How much?

Buffett has not yet reached this level.

David Mellon roared excitedly next to Abel. "FXXK! God, Mother Mary! God the Son, damn FXKK! Abel, you're amazing! You're amazing in FXXK!"

This guy screams madly as he walks around Abel to express his excitement.

The eight merchants who had finished their work blushed even more and each of them let out heart-rending roars.

"Calm down, act normally."

Abel took one look at Versailles, calmed down, and began to tell him what to do next.

"Withdraw funds gradually from intermediaries. Interest and commission payments are the same."

"There is also a tax approach that must be followed and it must be infallible."

"I don't want business tax returns attracting the IRS endlessly."

"These people are afraid of selling out all their fans. I'm scared too."

After listening carefully, David Mellon nodded solemnly: "I will do these things."

Abel thought about it, it seemed like there was nothing important to explain.

Suddenly he remembered something, pointed to the innkeeper and continued:

"Eight of them each gave them a check for 200,000 yuan to help them pay the personal taxes they would have to pay."

David smiled: "No problem!"

The eight businessmen who stayed in the room for a week, where they ate, slept and went to the bathroom, were all smiling.

A sincere thank you to their boss.

(end of this chapter)