I looked at my father Jackie Chan in 1988

There is plenty of time on Saturday and Sunday.

After John, Barkley, and Aignan reported the specific situation to the board of directors of their respective companies, the three major groups that were originally wailing quickly launched an investigation.

In the end, the three major groups did not know how much manpower and financial resources they spent, but they really waited for an amazing news!

The person who entrusted Standard Chartered Bank to short soybean futures in large quantities is really Ji Cheng!

Now the three major groups can make Ji Chenghen's teeth itch. Originally, the Rockefeller family lost 100 billion US dollars in the futures market. They may have made a profit, but Ji Cheng did not disclose a core information, that is, the amount of open interest. The question is, not only did they not make any money in the end, but they also lost a lot of money, and they almost vomited blood. How could they not hate it?

The chairman of the three major groups is in a conference call.

John Reed asked, "What are you going to do?"

Lynn Elsenhans said: "What Barkley said makes sense. We shouldn't listen to Ji, but we can trust his ability."

John Reed said: "Well, I think so too."

Only then did John Bogle speak: "He hasn't got the money from Standard Chartered Bank, has he?"

John Li De was quite clear about this matter, and replied directly: "The withdrawal will be on Tuesday at the earliest."

Lynn Elsenhans suffered a big loss before, and was a little worried, "But he's going to buy the bottom on Monday, is there a fraud?"

John Bogle thought for a while, and said: "As long as he really puts in the billion dollars in HSBC, then there will be no problem."

John Li De agreed: "Yes, he withdraws money on Tuesday. He can't get the money to buy soybean futures on Monday. He can only operate with the cash he has."

Lynn Elsenhans said: "Okay, let's be more cautious this time and invest less money."

After the chairman of the three companies communicated through the conference call, each of them had a decision in their hearts, that is, as Buckley said, as long as Ji Chengzhen really bought the bottom, they would also buy.

It’s just that they suffered a big loss from shorting soybean futures just before, and they didn’t dare to invest too much money this time. After all, the financial groups behind the three big groups are already very dissatisfied.

In the end, after discussion by the boards of directors of the three major groups, and after voting by the board of directors, it was decided that each company would take a gamble of more than one billion US dollars. In this way, if they made a profit, they would be able to wipe out a lot of previous losses. , You can also close the position at the first time, without worrying about cutting too much meat.

……

on Monday.

Here comes the trading day.

As soon as the market opened, soybean prices once again ushered in a decline, from 590 590 cents per bushel to [-] [-] cents per bushel.

It was also at this time that HSBC began to buy long contracts for Ji Cheng with ten times the leverage.

The three major groups saw that Ji Chengzhen's funds entered the market, and felt that there should be no fraud this time, and they all couldn't wait to buy the contract with one billion US dollars each.

then……

Well, the price of soybean futures continued to plummet just as Ji Cheng had thought.

By noon, soybean prices had dropped to 580 cents a bushel!

The three major groups were shocked when they saw it!

What frightened them even more was still to come. Half an hour later, the price of soybeans fell below 570 cents per bushel!

Now the chairman of the three major groups couldn't sit still anymore, and called Ji Cheng one after another to harass him.

"Ji, didn't you say that you are optimistic about bottoming out? Why did it fall so much again?"

"Mr. Li De, don't worry, it's only dropped by more than 20 cents, what are you afraid of?"

"Aren't you in a hurry for a drop of more than 20 cents? Wait for a drop of [-] cents?"

"It's okay, don't worry too much, trust me."

How could John Reed believe him? His voice was full of anger, wishing to kill Ji Cheng.

Just after hanging up the phone here, Lynn Elsenhans also came in.

"Ji, can't you rebound from the bottom? Why did it fall by more than 20 cents?"

"Madam, isn't the price change in the futures market normal?"

"How long has it been since it fell by more than 20 cents?"

"Hey, don't worry, wait until the end of the day to see."

Lynn Elsenhans didn't want to talk to Ji Cheng anymore, and he didn't hang up the phone with any grace.

Afterwards, John Bogle also called. He seemed very calm, and only asked, "Ji, are you sure you can rebound from the bottom?"

Ji Cheng was looking at the documents in Huajin Capital's office, and he said casually, "Yes."

John Borg said: "Then I trust your ability to judge."

Hearing this, Ji Cheng raised his head in surprise. He was absent-minded when he spoke before, and he was obviously teasing people in the lake, but he really didn't expect John Bogle to believe his words. He blinked and asked, "Mr. Bogle , are you really not afraid of falling too much to force liquidation?"

"I believe you won't make fun of your own reputation." John Bogle said calmly, "Since you said that you want to make money with our Vanguard Group, Citibank, and State Street, then I believe you are serious. It doesn't matter how much the price is, as long as you don't close the position, I will always believe in you."

Ji Chengzhen was a little touched by his words, even if everyone has different positions, it feels good to be trusted, although he didn't know whether it was a scene or a sincere one, but after thinking about it, he said: "Well, don't be afraid, The money I invested this time is almost the same as yours."

John Bogle exchanged pleasantries with him and then hung up the phone.

Soybean prices were still falling during the phone call between Ji Cheng and the three chairman.

570 one point two two!

570:[-]!

In the end it even fell to 560 [-] cents!

This time, the people of the three major groups were in a hurry, and they even worked together to find Ji Cheng.

……

Five p.m.

Just as Ji Cheng was about to go back to the villa after get off work, he was blocked at the door of the office by the chairman of the three major groups.

John Reed said with a livid face, "Ji, are you playing with us?"

Lynn Elsenhans also had a very ugly expression on his face, "What about the bottoming out? Now the price has dropped to 560 [-] cents!"

Only John Bogle didn't speak, but he also frowned, looking very worried about the price change.

Steve White, Sophia Green and other company executives also saw the three big groups coming in aggressively, and they all looked at each other in blank dismay, knowing that this time things were getting serious.

If Ji Cheng makes a wrong judgment this time, causing everyone to lose money together, when the news gets out, Huajin Capital's biggest brand will collapse.

That's right, the biggest sign of Huajin Capital now is that Ji Cheng is always in the trading market.

It is precisely because he made huge gains in the trading market one after another, just like Soros speculating in foreign exchange, that made Huajin Capital famous and attracted many clients.

But if the soybean futures lose money this time, the outside world will definitely think that Ji Cheng's level will be the same. At that time, customers will lose confidence, and Huajin Capital's performance will definitely decline!

Even Steve White and Sophia Green can see how the media headlines will be written,

"The Oriental Silver Lion's Fangs Are Not Here", "Joaquin Capital Has a Fame", "Ji Cheng is Mere", and so on.

This is a disaster!

It will ruin the reputation that Huajin Capital has accumulated so hard!

Steve White and Sophia Green were worried.

Ji Cheng wasn't worried at all, and even said with a playful smile, "There's nothing to worry about when it just fell so low. I thought I'd have to call for a margin call."

John Reed almost died of anger when he heard this, and asked, "Are you still going to ask us to increase the deposit?"

Ji Cheng blinked and said, "This possibility is not ruled out."

"Impossible! It is absolutely impossible for us to take money to increase the margin again!" Lynn Elsenhans said angrily: "Ji, there is no such trick as you, who promised to bottom out and rebound, and now the price has fallen. You still want us to add a margin call? What do you mean?"

This is really a bit ugly.

The decision whether to buy long soybean futures contracts is in your own hands.

Yes, my buddies are trying to trick you, but if you don't want to jump into the pit, who can trick you?

Anyway, they have fallen out before, and this time Ji Cheng is not polite, "What can I mean? Since you don't believe me, why buy the contract with me? Believe me, even if I ask you to add more margin Additional, if you don’t believe me, go close your positions now, and play as you like!”

"you!"

"Fake!"

John Bogle and Lynn Elsenhans were furious.

Standing in the crowd, John, Aignan and the others also turned cold, thinking that Ji Cheng was playing tricks on them.

Fortunately, at this time, John Bogle stood up as a peacemaker, "Hey, don't be so impulsive, Ji said that he must have his judgment, as he said, if you believe him, follow the operation, if you don't believe it, go close the position now , there is no need to quarrel like crazy women."

Lynn Elsenhans was going crazy when he heard this. She was the only woman among the four people. Isn't John Bogle saying that she is a crazy woman?She gritted her teeth and said, "Since you are on the same line as him, then we have nothing to say."

John Li De didn't want to talk to Ji Cheng anymore, "Let's go! Go close the position now and try to reduce the loss!"

After saying that, the two of them will take someone away from Huajin Capital.

Ji Cheng, who was said to be a little angry by Lynn Elsenhans, didn't want to keep him at first, but when he heard John Reed's words, his heart suddenly moved.

If Citibank and State Street liquidate their positions now, they will definitely lose money. As for how much they will lose, it has nothing to do with Ji Cheng.

But if you persist, as he said, even if you encounter a margin call, you must persist. In the end, the long contracts held by these two companies will definitely make a lot of money.

If... He meant that if he got the contracts held by these two companies into his own hands, would he be able to make a lot of money?

In fact, if Ji Cheng has money, he can trade normally, but the problem is that he doesn't have that much money to continue buying contracts.

What about signing a VAM agreement?

Thinking of this, Ji Cheng's eyes flickered, and he called to the two of them: "Mr. Li De, Mrs. Elsenhans, stay a while and talk."

John Reed and Lynn Elsenhans turned their heads almost at the same time, and their eyes were about to burst into flames.

"What else do you want to say?" John Reed asked.

Lynn Elsenhans didn't want to talk to Ji Cheng at all right now, so he simply didn't speak.

Ji Cheng probably had a bold idea of ​​an empty-handed white wolf in his head, and he said with a smile: "Just now I spoke a bit harshly, you two, don't be too angry."

"Hmph!" Lynn Elsenhans snorted dissatisfiedly.

John Reed frowned and said, "What do you want to say?"

Ji Cheng showed a sincere expression, "It was I who asked you to buy the soybean futures contract this time, and the price of soybeans has indeed dropped a lot now, I am very sorry, otherwise, in order to maintain our several Friendship, if the price of soybeans continues to fall, I will pay all the money including the margin payment, and I will cover the losses. If the price bottoms out and rebounds, it will go from 560 590 cents to 590 [-] cents when you bought the contract I only take half of the profits in the three-cent range, but I have to keep all the profits over [-] three-and-a-half cents, what do you think?"

Now that they close their positions, they will lose about 15 cents per bushel, and the final loss of each company may be as high as [-] million, and the three companies will be [-] billion.

What Ji Cheng meant was that he was willing to spend so much money to cover the bottom line, that is, the money invested by the three companies would only end up losing [-] million yuan.

Unless the price of soybeans exceeds 590 [-] cents per bushel when he bought the contract, Ji Cheng will make a lot of money.

This is foolish behavior in anyone's eyes.

Because according to the trend of soybean price changes, it is impossible to exceed the current price at all.

John Reed was amused, "Ji, are you serious?"

Lynn Elsenhans was also a little surprised and said, "Are you willing to spend [-] to [-] million for the bottom line?"

"I can't let you lose money because of my decision, can I?" Ji Cheng said with an "apologetic face", "I'm not such an unkind person."

John Bogle also kindly persuaded him, "Ji, you really don't need to do this. The money we spend is what we are willing to spend. Any profit or loss is due to changes in the market and has nothing to do with you."

John Reed and Lynn Elsenhans couldn't help but glared at the talking John Bogle. Finally, Ji Cheng offered to take the initiative to cover the bottom line so that they could reduce their losses. If they regret it, they will lose more money in it.

Ji Cheng didn't seem to hear John Bogle's kind dissuasion and just wanted to make up for everyone's losses, "Well, seriously, as long as you are willing, I can sign a betting agreement with you now."

Although John Reed and Lynn Elsenhans felt a little bit unbearable because of this, they were responsible for the consortium behind them, so they naturally thought that they could reduce the losses as much as possible and make an appointment.

"it is good."

"Sign the contract."

The two agreed without hesitation.

Ji Cheng looked at John Bogle at this moment, "How about you, Mr. Bogle?"

John Bogle hesitated for a while, and finally shook his head with a smile and said: "I can still be the master, I can afford to lose this little money, and I won't sign a gambling agreement with you."

Alas, as expected of the legendary godfather of finance, this level is high.

Ji Cheng felt a little regretful for not being able to get the soybean futures contract from Vanguard Group's empty hand White Wolf, but he was very satisfied with getting the contracts from Citibank and State Street.

A $20 billion contract is still ten times leveraged!

Ji Cheng wished he had a tens of billions of buying contract now, but unfortunately he didn't have that much money, and he didn't expect someone to give him a pillow when he was sleepy. No, he got a 20 billion contract.

He was so happy, he couldn't wait to drag John Reed and Lynn Elsenhans into the office to sign the contract.

John Reed and Lynn Elsenhans thought he was a fool, and they were also afraid that he would repent, so they hurriedly finalized the contract.

Sign the contract.

John Reed, Lynn Elsenhans and others left with their respective companies.

downstairs.

John Reed's final chat before sitting down with Lynn Elsenhans.

"This season is stupid."

"Haha, isn't that right? I thought I would lose more than 5 million US dollars to enter, but I didn't expect him to take the initiative to ask us to bear the loss."

"And in my opinion, soybean prices will continue to fall in the future, and he will lose more by then."

"Isn't it better for us if he loses more?"

The two directors looked at each other and smiled.

……

Tuesday, morning.

Standard Chartered Bank had just received the withdrawal, and before it had time to buy a long soybean futures contract for Ji Cheng, the price of soybean futures fell again, from 560 cents per bushel to 560 cents.

And this downward momentum doesn't seem to be stopping at all.

550 nine point eighteen cents!

550 [-] cents!

Even when it was almost noon, the price had already reached 540 [-] cents, and the price dropped terribly!

At this moment, Standard Chartered Bank bought the contract with 50 billion US dollars on behalf of Ji Cheng with ten times leverage!

At the same time, the three major groups also received the news immediately.

……

Citibank.

John Reed looked at Director Charlie in shock, "What did you say? Standard Chartered Bank bought the contract with 50 times leverage for US$[-] billion?"

Director Charlie nodded vigorously, "Yes, the latest news!"

John Reed took a deep breath, "This... this..."

He suddenly recalled yesterday that Ji Cheng had signed a VAM agreement with him and State Street Group, and then recalled that Standard Chartered Bank had just bought a large number of contracts. Hurry up! Go and watch the price of soybeans!"

……

State Street Group.

Lynn Elsenhans also heard the report from Richard, another senior executive of the company, in the office.

She also looked shocked, "You mean that Standard Chartered Bank used 50 billion funds to buy soybean futures?"

Richard hummed, "Yes, the price is still plummeting, I really don't know what Ji thinks."

What did Ji Cheng think?

He must be sure to do so!

Lynn Elsenhans also suddenly thought of yesterday's gambling agreement, and she could analyze it in an instant. I'm afraid State Street and Citibank are following Ji Cheng's trick again this time!

Before, because Ji Cheng didn't disclose the amount of open interest, each of the three major groups lost billions, and now they bought the contract when they lost money, and then bought 50 billion contracts the next day. They are pitting them!

Lynn Elsenhans has a strong premonition that soybean prices may bottom out and rebound!

Although she guessed so, she still couldn't believe it.

"Quick! Go and keep an eye on the soybean price! Let me know as soon as there is any change!" Lynn Elsenhans shouted in a sharp voice, and then fell weakly on the boss chair.

Finished!

If soybean prices do bottom out, she's screwed!

Obviously, she could have made money by buying long contracts of soybean futures, but because of her misjudgment, if she turned into a loss now, she would definitely be dismissed directly by the consortium behind State Street!

……

Vanguard Group.

When John Bogle heard that Ji Cheng had bought soybean futures contracts in a big way, he sat in a chair for a long time in silence, and finally burst out laughing, saying to himself that Ji Cheng was really capable this time, and he almost single-handedly played around with the three major groups.

Such a person is worth attracting.

John Bogle didn't even react at all. He was just thinking about how to repair the broken relationship with Ji Cheng. Of course, whether to repair the relationship depends on how much the price of soybeans will eventually become.

……

The price of soybean futures fell to the freezing point in Ji Cheng's memory!

Ji Cheng, who was eating at the company, seemed extremely nervous at the moment.

Because the price of 540 cents per bushel at [-] is the lowest price he has collected from the modern society for Fuzi Company's soybean futures forced position after the oversold stage, but he changed history before. If the price continues to fall, the next It was really out of his control, which meant that this gamble involving billions of dollars failed.

So he paid extra attention to price changes.

However, the price of soybeans has remained stable for a long time, and has remained at 540 [-] cents per bushel, as if trading has stopped.

Will the price continue to fall?

Don't fall, don't fall!

Ji Cheng secretly prayed in his heart.

I don't know if his praying worked, but the price of soybeans suddenly changed at 35:[-] p.m.!

Jumped from 540 540 cents to [-] [-] cents!

I rely on!

What a rebound!

At this moment Ji Cheng was overjoyed, he knew that he had won the gamble!