The price is dropping step by step, and now that it has lost financial support, the price of the Thai baht will fall rapidly. It is likely that it will only take 100 million to drop it, and it will immediately return to more than 70 yuan.
The person in charge of finance realized this problem and immediately called the European delegation to ask them to prepare and ask that the Thai baht price be fixed at 35 yuan at the close of trading today.
When the price dropped to 39 yuan, a wave of funds rushed in and spent 200 million US dollars to raise the price of the Thai baht in a straight line, and then fluctuated at the price of 35 yuan.
Retail investors were devastated, and many popular people on the exchange even used trash cans to vent their anger.
With less than ten minutes left before the market closed, John threw out another $50 million in Thai baht as a test. The rebound was particularly strong and he was eaten in one bite.
In front of the trend chart, Soros frowned as he looked at the transaction details and asked: "Which exchange did the funds escape?"
The exchange began to search for the source of these trading funds, and after a few minutes it replied: "Europe! Ireland, Germany, the Netherlands, Spain, and France. The one that bought the most is called the Second Sales Department of Lazar Unity Road."
He frowned and remained silent, looking at the computer screen for a long time. It wasn't until the transaction was over that he slowly said, "Who is this?"
After Soros and Robertson talked on the phone, they agreed that there was a problem in Europe. No one knew how much money there was. Once they could resist for ten days, they would really be finished.
Soros immediately contacted European countries, especially France, through his superiors, asking them to provide the user data of this sales department, but was rejected.
The trading time has ended, but the game between all parties has just begun.
In China, at four o'clock in the middle of the night, Lu Feng heard that the transaction was over and yawned as he went upstairs. It was already noon when he woke up. Not long after he woke up, Lu Feng received a call from Su Yourong. Many important media in Thailand announced
Important articles publish comprehensive data such as port data, currency data, industrial production value, m2 liquidity, real estate, and the number of investment projects completed.
The article does not shy away from economic problems, but lays out all the data, and finally concludes that economic growth has indeed encountered resistance, but the decline is not that big. The situation will be reversed through industrial upgrading and state-led investment.
He also criticized the aggressive short-selling of the Thai baht, believing that these short-sellers were making a fuss out of a molehill, targeting insufficient foreign exchange reserves and cracking down on gaps in the anchor exchange rate. Thailand has given up on anchoring the exchange rate, and the dollar reserve issue has also received support from the international community.
There is no problem.
There are even rumors in the world that the Thai baht is indeed not worth the exchange rate of 25 to one US dollar, but it has dropped to 30 yuan at most. The 20% drop has shown the Thai baht's super value.
"I kept staring at the transaction data last night, and to be honest, I was scared in the face of such a large transaction volume. Even in the last ten minutes, the transaction volume slumped, but there was still a transaction volume of more than 3 billion baht. It felt like the world
All the Thai baht has been found." Su Yourong sighed.
"Normally, those people are eager to borrow all the Thai baht in the world, but don't worry too much. According to my estimation, they won't be able to survive for a few days, and there will basically be little follow-up funds." Lu Feng comforted.
Su Yourong is in the stock market. The current daily trading volume of the entire Xiangjiang stock market is only 5 billion US dollars, and it is even less when it comes to individual stocks. She is just worried that such a large trading volume will not be able to handle it.
live.
Even if there are ports, minerals, and arms as collateral, no one wants to lose money.
"You should keep an eye on her for the next few days. It will only last a day or two. I have a phone call here. Hang up first." Lu Feng said and hung up.
I picked up the call at home and it was from above. They mainly asked about the situation of the Thai baht. After discussion with experts, they thought it would be best to end it this week, that is, before December 25th. If the stalemate continues, international cooperation will be needed.
Mediation was made, mainly because if Thailand continues to be locked down like this, big problems will arise.
Lu Feng said he would convey his meaning. After hanging up the phone, Lu Feng sat on the sofa and breathed a long sigh of relief. He felt that the moment of final battle was coming. The day of lending by the short sellers on Wall Street was coming, and Thailand was also blocked for almost half of the year.
If it goes on for a month, both sides will suffer losses.
I called Maha and briefly explained the situation and asked them what they thought. They also said that they would kill the short side as soon as possible. The most important thing was that Sean encountered the situation and some Wall Street companies contacted him directly.
I went to that sales department and spent some manpower and material resources to find Sean.
"They found Sean?" Lu Feng was shocked. It had only been so long before he was found.
"They did find Sean through some registration information, but your friend is not an ordinary person. He found someone with the same name to register, so he called us a little urgently, asking to keep his identity confidential, and hoping that it would be done quickly.
The battle must be decided quickly, Wall Street today is already encouraging retail investors to rush in."
"Today's trading volume will reach its peak. Be prepared and pay more attention to the situation over there." said the translator.
Lu Feng was already stunned. He never dreamed that Wall Street's financial investigation capabilities could be so strong. A cunning guy like Sean was almost caught out. Wasn't he already exposed?
You must know that Lu Feng's funds went through HSBC, the account was opened by Su Yourong, and the securities company he was affiliated with was United Capital. It would only take a few phone calls to get to the bottom of it.
"okay, I get it!"
Lu Feng hung up the phone, feeling a little scared about Wall Street today. Wall Street in the 1990s was unimaginable to Lu Feng more than 20 years later, not to mention that there were a lot of surveillance activities that he knew were going on at this moment.
"This world is transparent!" Lu Feng sighed.
But Lu Feng didn't care. He was already a thorn in his side. With such skill, the big guys on Wall Street probably guessed that it was him.
In the afternoon, Jiang Xiaoyan, who had been on a business trip for a few days, suddenly returned home. She went upstairs to grab two folders and hurriedly left.
"Let's go after dinner!" Lu Feng said to her.
"I'm not going to eat. I'm so busy. The factory in Tianjin has been decided. The assembly line has been set in the next few days. It will be put into production in April next year at the earliest. I will have a meeting with the backbone to send a few trustworthy people there.
Someone who is capable enough." Jiang Xiaoyan put the folder into her bag, looked at Lu Feng and asked, "Are you so free?"
"I just went to the company during this time!" Lu Feng replied.
Jiang Xiaoyan stood there and thought about it and said, "If you have so much free time, go to Tianjin and help me build a factory. By the way, I can expand sales channels and compete in the market."
"Ah?" Lu Feng looked at her and was speechless. He was treating himself as a free labor force. Was it okay for her to say such a complete set of things?
"I can go, but what if the earth explodes tomorrow?"
Jiang Xiaoyan rolled her eyes, picked up her bag and then said: "You really think of yourself as the size of the earth now."
"You have to eat on time even if you are busy, but I have lost weight!" Lu Feng said with concern.
"I know, watch and do your homework!" Jiang Xiaoyan's voice came from outside the door, followed by the sound of a car starting.
In the evening, Wei Yandan called and said that they could not push forward the privatization of the R&D company. John had not communicated with him in the past few days. Gudley kept urging Lu Feng to come forward. The municipal government also hoped to resolve it as soon as possible. Both parties were involved.
To put pressure on him, Wei Yandan thought that Lu Feng would meet first, sit down and have a chat, and then they would talk.
"I'm not free these days. Let's wait for a few days. I guess John won't be free either. You don't have to worry about it for now. Let's wait for a few days." Lu Feng ordered.
At nightfall, Duoduo came back with a big schoolbag on his back. After dinner, he looked weak. He lay on the sofa and complained: "There is too much homework."
"Write slowly and watch less cartoons. Your mother is back today and asked me to watch you do your homework." Lu Feng looked at her and said, "If you do well in the midterm exam, I will let you go back to your hometown for the New Year."
Duoduo immediately became energetic when he heard that he was going back to his hometown. He sat up and said, "Will the whole family go back?"
"Not necessarily!" Lu Feng said and looked at the clock on the wall. The foreign exchange market will start in one hour.
Duoduo was doing homework downstairs. In order not to disturb her, Lu Feng went to the study room on the third floor and dialed Manager Li's number.
It’s a new day on Wall Street. After yesterday’s close, the Thai baht instantly became a hot topic for everyone. Even non-financial programs began to discuss this topic. The views of the guests on these programs are constantly leading people to short the Thai baht. It seems that now is the best time to short the baht.
Chance.
In Thailand, the baht rose due to lack of funds, and a series of plummets followed. Such inducing words are simply child's play for professionals, but for the middle class, who have a little money but no suitable way to preserve value,
This kind of thing that seems to be a sure profit without losing money is simply pie in the sky.
Some Wall Street investment institutions inquired about the number of customers shorting the Thai baht more than ten times in one day. For them, as long as they trade, various fees will be incurred. As for whether the customer loses or makes a profit, they don't care.
At eight o'clock in the morning, the foreign exchange market opened, and the New York Stock Exchange was already crowded with people. A new display screen dedicated to Thai baht was added to the hall to display the Thai baht price at the time.
As the market opened, the first batch of retail investors opened short orders without saying a word, dumping 300 million baht. The baht instantly fell by 0.5 points. Then a large number of short orders were opened, indicating a strong seller's market.
"It will fall, it will definitely fall!"
"I read the news about Thailand. They are all lying. This is a huge lie!"
"Professor Kyle said that the hollowing out of Thailand's industry is particularly serious, and as commodity prices rise, they have no profit margins and factories will be shut down on a large scale."
"Who is Professor Kyle?"
"A highly respected economist who mainly studies Asian economies!"