Chapter 256

Xiao Shan said, "this is Li Yinxin, who will be our Deputy Manager in the future. When I am away, I will follow her instructions. Is there a problem?"

"No problem!" all the people answered.

They can't understand, so they take a look at Niu's fund and find someone they trust most to take charge of the company.

But people have some doubts in their hearts. Is this woman also an expert like Enron?

No matter what they think, Xiao Shan takes Li Yinxin directly into the manager's office.

Turn on the computer and call up the trend chart of copper.

Then he took Li Yinxin to sit down and said with a smile, "analyze the fundamentals of copper for me."

Li Yinxin thought carefully and said:

"Lun copper has been fluctuating in the range of US $1500 all year round. The output of copper is increasing every year, which is only slightly less than the international demand, and the copper price in China is lower than this price. Therefore, the current price of US $1600 has fully reflected the value in the next three months, and the future market may fluctuate in a narrow range."

She is a member of the two-star family and has received business education. Even if she has not fried futures, she is very sensitive to these things.

In particular, the copper purchased by two-star electronics and two-star shipbuilding every year is a terrible number.

She admits that she can't make mistakes in judging the fundamentals.

But Xiao Shan said with a smile, "you are talking on paper."

"Ah." Li Yinxin's cheeks were slightly red, but she thought of Xiao Shan's terrible ability. She was not as normal as him, so she asked frankly, "what's wrong with me?"

"China's needs are not enough. Will they be sold to outsiders?" Xiao Shan asked.

Li Yinxin widened her eyes and immediately retorted:

"Husband, who stipulates that copper is not allowed to be exported? Copper enterprises are all for profit. Since the price sold to China is low, why don't they short Lun copper and sell it to foreign enterprises?"

Xiao Shan sighed: "Lun copper's delivery warehouses are controlled by foreign institutions (Speculators), and Huaxia doesn't have any. As long as these institutions do a little, Huaxia enterprises can't deliver. Isn't that a breach of contract? How to suppress the copper price? How to sell at a high price?"

Li Yinxin listened blankly, her cheeks began to heat slightly, and she felt that she was really a nerd.

She asked, "do you think copper prices will continue to rise? What if we are long and those big speculators work together to short?"

"When a trend is formed, it will strengthen itself. Although the trend of copper can be manipulated, there is a premise that we can not go against the general trend, which is too risky. Especially for our 10 billion dollar fund, which is backed by the country, they should consider our other means.

Therefore, it is unlikely to eat us. However, this exchange is full of irregularities. It is possible for brokers to eat a small part of the profits, or delay our contract trading, or even stop our orders at the critical moment. "

Li Yinxin is at a loss. The exchanges in Eastern countries are all electronic offers, fair and open. How can this happen?

However, this is not how developed the eastern countries are, but that the eastern countries are very backward. When these countries want to build exchanges, electronic means have been popularized, and there is no need to learn from Western outcry trading.

Unlike the Karen stock exchange, it has been used to shouting here for 130 years.

Even if electronic means are popular, it is only 15 minutes a day.

As a commodity futures with global participation, how can 15 minutes be enough? So at other times, it is either a telephone negotiation transaction or a bidding transaction.

Moreover, traders are inherited by situ. This is a closed circle. They have been together for several years and are very familiar with each other.

This circle attaches great importance to integrity, and there is no such situation of non recognition after the transaction.

If there is such a person, he can pack up and go away. No one deals with him anymore.

"How to shout?" Li Yinxin asked curiously.

"Bidding is also called gesture trading." Xiao Shan stretched out a hand and explained while comparing:

With the palm extended, the palm outward indicates selling, and the palm inward indicates buying.

Clench your fist and stretch out your thumb. Downward indicates opening and upward indicates closing.

The reported figures are: extending the index finger means 1, extending the index finger and middle finger means 2, extending the middle finger, ring finger and little finger means 3, extending the four fingers except the thumb means 4, and extending the five fingers means 5.

Clench your fist and stretch out your thumb to indicate 6, that is, to stand up your thumb, a gesture of praise.

Clench your fist and stretch out your thumb and index finger to indicate 7, which is our gesture to indicate 8.

Clench your fist and stretch out your thumb, index finger and middle finger to indicate 8.

The index finger and thumb are pinched together, and the other three fingers pinch the fist to indicate 9.

Pinch all your fingertips together for 10.

Li Yinxin had a headache and said, "let's make a telephone transaction."

"Of course, it's impossible for you to trade in the circle. We're not members of the exchange and you're not a trader. No one trades with you. We can only trade through brokerage companies," Xiao Shan said with a smile.

Then he unlocked the special phone on the desk and said, "I'll see if you place an order now."

Li Yinxin was an atmospheric person. After looking at the quotation, it was $1679. She picked up the phone and immediately connected there. She gave an instruction: "US $1680, buy 10000 copper."

1680 is the price of one ton, and the first-hand contract is 25 tons.

Ten thousand hands is 420 million dollars.

But this is margin trading, which can enlarge the capital more than ten times, so it only needs more than 30 million US dollars.

This list is not big, but it startles Xiaoshan. This aunt is really the daughter of the richest man in country H.

He immediately said seriously:

"Yinxin, you can't be so generous. The minimum change unit of telephone quotation is $0.50. Don't think that this little money doesn't matter. It will push up the copper price! So if you want to buy, you should take the current price as the standard. When it's hot, you can only increase the price by $0.50 unless you want to push up the price!"

Li Yinxin playfully stretched out her tongue and said, "I know."

Xiaoshan looked at the time and calculated the transaction speed to judge whether there was a problem with the brokerage company.

But according to his estimation, even if there is a problem, it is impossible to have a problem alone, which can only make him angry and change a company.

Sure enough, in less than a minute, the quotation on the computer came out, showing that there were 10000 transactions, and the price was 1680 yuan.

Xiaoshan breathed a sigh of relief and then said, "we should complete the warehouse building as soon as possible, because the promotion will begin soon."

Li Yinxin wanted to get the phone again. Xiao Shan pressed it down and said, "what are you doing?"

"How much copper do you want me to build a warehouse as soon as possible?" Li Yinxin was puzzled.

Xiao Shan asked calmly:

"Do you think my fame will attract the attention of those speculators?"

"Sure." Li Yinxin understood something.

"Will my goal of building a warehouse become the goal of their purchase?" Xiao Shan asked again.

Li Yinxin suddenly enlightened: "we buy oil!"

"My wife is so smart!" Xiao Shan praised and opened the oil trend chart.

Li Yinxin, elated, picked up the phone and ordered to buy 20000 hands of oil.

Then he asked, "how much can copper rise?"

"From December to 3200 dollars," Xiao Shan said solemnly.

Yinxin was startled: "double it? If we are full, we can earn ten times?"

"Not so much, we have to move the warehouse," Xiao Shan reminded.

Li Yinxin nodded. That's amazing enough.

Moving positions means that as the final delivery date approaches, it is necessary to increase the margin to continue holding positions. Those institutions for speculative purposes are unwilling to increase the margin, so they close their positions and build positions in the next forward contract.

This process will certainly lose profits, because the amount of funds is huge. Selling will lower the price and buying will raise the price.

Moreover, in the upward trend, the forward contract itself is higher than the recent contract price.

If the broker gets in the way again, the loss of profits will be even greater.

If the long position is directly opened in the December contract, it is impossible. The longer the forward contract, the smaller the trading volume. No one will sell it to you. Unless the price is raised sharply, it will attract predators to short, which is easy to explode.

"Is there no callback in this process?" Li Yinxin asked again.

Futures fluctuate violently. How can they be as smooth as stocks?

"You just need to pay attention to the shocks after breaking through 1800 and 2000. If you are higher than these two prices, you will start to reduce your position, but if you fall below these two prices, you will make up immediately. Other prices will not move at all." Xiao Shan warned.

Li Yinxin understood and said firmly, "husband, don't worry. With direction, I can do it well."

"Well, remember, don't be short." Xiao Shan told him again.

Li Yinxin glanced at him with great charm: "it's up to you?"

Xiaoshan, look at the time. It's exactly 16.15. Today's last electronic transaction begins.

"Fill your account first, and then the fund account continues to buy."

Li Yinxin sat down and operated quickly. She first wrote down her $70 million list. After a few seconds of transaction, she switched the fund account and began to build positions continuously.

Xiaoshan could not help nodding when he found that Li Yinxin's list was 100000 hands.

Big hand trading has no pressure on Li Yinxin, which is the advantage of Miss Qianjin.

Five minutes later, the electronic transaction is over.

This Luntong electronic transaction takes five minutes three times a day.

Li Yinxin built a total of 1.2 million positions, and the position suddenly reached one third.

The London Stock Exchange is the largest metal exchange in the world. 80% of the world's metal transactions come from here. This more than $3 billion is thrown in. It will not move at all if it only pushes the price up to $1692.

One can imagine how big this market is.

Li Yinxin happily opened her account and looked at the floating profit. She had made five million dollars. She playfully stretched out her tongue and said, "it doesn't seem to be a loss."

"Yes, there are more than 6 billion." Xiao Shan asked with a smile, "what are you going to do behind you?"

Li Yinxin thought carefully and said:

"We can't continue to buy. Telephone trading stops, giving the market the illusion that we have finished our position. Tomorrow, when we trade electronically, we will buy another $3 billion. Those speculators will think that our position is over again. But we will buy another $3 billion the day after tomorrow."