Chapter 75 Fighting in the last week of 1989

   On Christmas Day in 1989, the RB stock market soared by nearly 400 points on this day, once approaching 38,500 in the intraday session, and finally closed at 38,423 points, which was only a short distance away from 38,500.

  All traders on vacation were called back urgently to discuss what to do next.

  In fact, the so-called discussion is just a pretense, and the funders behind it have already formulated how to operate, and now they are called back just to give an explanation.

There was a sense of despair in the small operating room. Everyone was silent, staring at the K-line chart of the previous trading day in a daze. When they left, they were still full of joy. After successfully suppressing the momentum of the RB stock market Afterwards, everyone wanted to have a pleasant Christmas. Unexpectedly, only two days later, the RB stock market began to rise like crazy again.

"Gentlemen, at least we have another fund, don't we?" In the deathly silence, only Jim was in a good mood. Why bother with such carelessness? According to today's posture, it will definitely rise tomorrow, maybe it will rise this week, and even break through the 40,000 mark on the 30th, but who cares!

The small treasury in his hand is operated in the opposite direction. According to today's form, he can earn tens of millions of dollars when the market opens in Singapore tomorrow. As long as there are a few more days like this, he will soon be able to earn a new fund size. come out.

   "Yeah!" Thinking that there was another fund that belonged to them, these people immediately became excited, and all professional ethics, due diligence, etc. were all forgotten.

  The atmosphere became active again. Not many people cared about what operation strategy should be tomorrow. Everyone was thinking about how much money they could get.

   "Okay, gentlemen, today is Christmas, I'm sorry to make you come back now. Now let's go out and celebrate, and send the **** RB stock market to hell!" Jim said while the iron was hot.

   Saying this, everyone's enthusiasm was immediately ignited. The traders shouted and came to a ball in the city in groups to revel.

  There was a Christmas party specially for these traders. Hundreds of beautiful women were sent here by the Yamaguchi-gumi. It was also a small reward to thank the forces behind them for helping the gang launder money in the past year.

   Speaking of the Yamaguchi-gumi, I have to say their dedication and integrity. It took two or three months for Jim's team to settle in Kobe, and the boys outside the refrigeration plant kept guard outside the door, and didn't ask what these white people were busy with. In modern society, RB is already very Such people are rare.

  Looking at the unrestrained scene, Matt quietly approached Jim and asked worriedly, "Is there really no room for redemption?"

   "Yes!" Jim replied absently, keeping his eyes on a dancer who kept making provocative moves to him. "That's the order from above, and there's nothing I can do about it!"

  Matt sighed deeply, picked up the wine glass and turned to another woman who had been paying attention to him for a long time. He knew it very well, because the order he received was also to short the RB stock market with all his strength.

   A night of partying.

On December 26th, the RB stock market opened at 38470 points, continuing the strong upward momentum of the previous trading day. Even the lowest point in the session did not fall below the opening index, and the highest point in the session once reached 38786 points, far from 38800 points are only 14 points, and finally closed at 38681 points.

   Another increase of up to 257 points.

   On this day, Jim and his team pulled themselves together and went all out to suppress the Nikkei Index in the Singapore futures market. Affected by the RB market, the Nikkei 225 index broke through 39,500 points as soon as the market opened, and once broke through the 40,000 point mark in the intraday session. It reached the historical mark of 40,000 points.

  The short positions in the entire market have paid more than one billion US dollars in these two days, and Jim, who occupies more than 20% of the entire short position, has lost more than 400 million US dollars of funds.

   These are not over yet, what surprised the market even more is that the entire short side seemed to be crazy, throwing short orders at high positions frantically, without any intention of reducing their positions.

Analysts believe that this is because the short side is trying to increase their average opening price to reduce their losses. Second, they still maintain their bearish outlook on the RB stock market and look forward to the Nikkei index at some point in the future. will take a nosedive.

  However, most analysts are not optimistic about this behavior, thinking that the short side has lost its mind. They have said that the Nikkei index will hit the 40,000-point mark as soon as this week.

As one of the short sellers with the largest share, the operation of Jim and his team has become the vane of the market. $600 million in funding.

This empty order just appeared in the market, and it caused a lot of commotion, but the bulls easily took over the empty order almost at the next moment, and the Nikkei index only fell back slightly, and then rose again rushed high.

The frenzy in the market has reached its peak. Almost all investors are betting on whether the RB market will reach the peak of 40,000 points by the end of the year. Countless funds have poured into it, most of which are Is to join the long.

  As for the RB consortium, after last week's decline, several RB consortium funds have withdrawn from Singapore, but they regretted it as soon as the RB stock market opened on Monday. Today, only a few RB consortiums are still fighting in the Singapore futures index market, including Kaoru Iwamoto.

   But it doesn't matter, the continuous surge of long funds quickly made up for the gap in the departure of RB's local funds, even stronger than when they were in the alliance. The empty order of more than 50,000 lots was completed by several funds. It seems that there are new speculators in the market.

   Kaoru Iwamoto is naturally very happy with the emergence of this situation. He also knows that his funds are not enough to confront the powerful short sellers head-on. Fortunately, the performance of the RB market is strong enough, which fully ignites the confidence of bulls. However, he was still very cautious, and reduced his position to less than 50,000 lots, and his performance in the market was no longer so conspicuous.

  At this moment, on the Singapore Exchange, countless forces have formed a game, and the result of the game depends on the performance of the RB market.

South Korea, RB local, Yizhou, Malaysia, Indonesia, and even some funds from Hong Kong are optimistic about the future performance of RB stock market, while on the short side, most of them are funds from Europe and the United States, and only a few funds from other places Also not optimistic about the future of RB.

  Of course, these sources of funds are highly confidential and will never be leaked out, otherwise the reputation of the entire Singapore Exchange will be wiped out immediately. This is the rule of the game.

  Later, RB scholars wrote a book, which revealed that 99% of the funds shorting RB at that time came from the European and American markets, and only a small part of the funds came from other places.

  Zhongshi’s capital entered the market through the channels of British brokers, so it is naturally counted as part of the European and American consortium.

In fact, the changes in the market in the past few days have made Andrew a little overwhelmed. After experiencing the decline last week, Zhongshi had a lot of surplus on his book, but after the market opened on Tuesday, these surpluses instantly It turned into nothing, and even had to pay a lot of margin. Fortunately, Zhong Shi only invested 100 million US dollars, and the remaining 50 million was used as a reserve margin, so he was not forced to close the position.

   "Zhong Sheng, according to the current momentum, RB's stock market is likely to break through 40,000 points within this week. Are you still considering changing directions?" Andrew wiped the sweat from his forehead and said with lingering fear.

  Balcon Stone, who holds about 7,000 empty orders, counting the profit of the previous week, the book loss in these two days has exceeded 7.5 million US dollars, and it is still expanding.

  But Zhong Shi is very clear that the upward momentum of RB stock market is coming to an end. He vaguely remembered that on the last trading day of 1989, the RB stock market would hit its all-time high, then plummet, and eventually lose more than half of its market value within half a year.

  The current situation is that he doesn't have much funds in his hands, and he still has a reserve fund of 40 million US dollars in his hands.

   "Throw it all away, first observe the situation for a while!" After thinking quietly for a quarter of an hour, Zhong Shi ordered. He felt a little bit reluctant, but since the funds that could be mobilized this time were really limited, he could only enter the market at the most precise time, so as to ensure the maximum benefit.

  After hearing Zhong Shi's order, Andrew let out a long sigh of relief. He was a little disapproving of Zhong Shi's decision in his heart, but now he can finally see his "repentance".

   On December 27th, the RB stock market continued to rise, reaching a peak of 38,900 points, and finally stood firmly at 38,800 points, with an increase of 0.31% throughout the day, an increase of 120 points from the previous trading day.

  Now most investors do not doubt that the Nikkei will rise to 40,000 points.

On the 28th, opened high and went high, and continued to rise. Although the momentum was not as fierce as the previous few days, it was as high as 38920 points in the intraday session, which was only one step away from 39,000 points. At 38876 points, it rose 75 points from the previous trading day.

  29th, the last trading day of this year. Everyone is looking forward to the performance of the Nikkei. They all know that the Nikkei will not rise by 40,000 points on this day. After all, it is impossible to increase by 1,000 points on the last trading day. But 39,000 points can be expected. As long as a good ending is left, I believe that in the first few trading days of the coming year, it will soon reach 40,000 points.

   But that's never going to happen!

   On this day, the opening is a good sign, 38913 points, 37 points higher than the previous trading day, opened higher! All that's left is to see how it goes!

   When the number just came out, Jim and his team wailed suddenly. They knew that on such an important day, the trend of the day had basically been decided.

   These three short trading days were like years for them. In the past few days, they have lost more than 200 million U.S. dollars in their books. What makes them even more incredible is that the United States has issued new instructions to further increase their positions. Now they hold a position of more than 300,000 lots, and the average price has also been pulled to a position close to 40,000 points.

  Just these empty orders have fully used up their funds of more than four billion U.S. dollars. Excluding the recent loss of more than 500 million U.S. dollars, they now have no more than 1.5 billion U.S. dollars in funds on hand.

  This time they first gathered four billion dollars in funds, and then another six billion dollars came in one after another, with a total investment of more than ten billion dollars. But repeated defeats have cost them more than two billion dollars. In addition to the two billion dollars invested in the RB stock market, there is only so much money they can use in total.

  The irony is that those funds reserved for hedging risks, that is, the one invested in the RB stock market, have now risen to as much as 2.5 billion U.S. dollars. (The update has been slow in the past two days. I hope everyone will be more considerate. The author will try to solve the problem of modification as soon as possible. Some book friends may worry that the modification will affect the original expectations of the protagonist. You can rest assured that the storyline It will not change, nor will the development of the protagonist.)

  (end of this chapter)