Quantum Fund and Tiger Fund both have strong trading volume at the moment. They have made too much at this price. It is not easy to escape now that they are full.
They need to convert the US dollars in their hands into Thai baht, and return the Thai baht plus interest to the banks and institutions that leased the baht to them.
However, no one is willing to sell at such a low price. Their rash purchase of large quantities will only cause the price to rise rapidly and cause market panic. Retail investors and institutions that originally followed them in short selling will also rush to buy Thai baht and close their positions.
Produce stampede behavior.
Therefore, what we need to wait for now is for a large investor to dump a large amount of Thai baht, causing these two funds to flee.
In China, countless foreign exchange speculators are cheering at this moment, and many of them are crying and disturbing their neighbors.
"Don't sleep, don't sleep, get up, this is great news!" The man hurried into the back room wearing slippers.
"Are you crazy? Is there something wrong with your brain when you speculate in foreign exchange?" The woman opened her eyes drowsily and cursed: "I will send you to a mental hospital tomorrow. The child is sleeping, and he has to go to school tomorrow!"
"We are rich! Our family is rich. You don't know that the Thai baht suddenly collapsed. It fell from more than forty to seventy-two in a snap. I, your mother, never dare to think about such a thing in my life. Let me
Caught!"
"Oh, God bless us, we have this fate! The manager in the United States a few days ago was right, the whole of Asia is going to collapse. I will call him soon and exchange the US dollars for Thai baht."
The man was talking to himself, bowing in all directions from time to time, looking lost in thought.
"How much do you earn?" The woman also became more energetic and sat up from the bed.
"Our family invested 150,000 yuan, and I mortgaged the house to Mr. Hu. I didn't tell you about this. When it was 34 yuan, I converted our 150,000 yuan into US dollars, and then rented the house in Thai baht.
We opened a short order, now it's 72 yuan, as long as we redeem it and return it to the institution, the rest is all ours." The man said excitedly.
"Don't tell me this, I don't understand. Just tell me how much money you make?" the woman asked anxiously.
"More than double, 160,000 to 70,000 yuan!" The man stood beside the bed and said proudly: "How is it? You are a great man, aren't you? You earned 160,000 to 70,000 yuan in just half a month!"
"Dad is so awesome, I want to eat KFC!" the child also shouted.
The man promised again and again that at midnight, the family was full of happiness and everyone was enjoying a bright future. The man put down his bold words and said that by this time next year, three hundred thousand dollars would become tens of millions of dollars.
Wall Street kept calling the Financial City, asking them to sell the baht as soon as possible and increase the volume at the bottom. At the same time, they should stabilize retail investors and other institutions and make them think that there are still opportunities to short the baht, so that the two companies can easily escape.
At noon, the Wall Street Journal published an article that analyzed all aspects of Thailand's industry. Financial bosses believed that the Thai baht still existed in a bubble. The bottom stage should be at the price of one hundred baht to one dollar. Managers of all types swarmed out on TV and radio to induce the public.
To short the Thai Baht.
In China, it was already three o'clock in the middle of the night. Lu Feng sat in front of the phone and listened to the feedback from Manager Li. As an experienced exchange rate financier, he was a little confused at the moment. Where had he seen such a decline in a sovereign currency?
"Mr. Lu, the current situation is that both volume and price have dropped, hovering at the bottom. We need to wait for funds to enter the market. If there are no funds to enter the market, we will only encounter siege if we enter rashly. Judging from kdj and macd, it has already appeared.
Departure..."
"I paid you to come here to do technical analysis? You don't have to worry so much, just wait for my news." After Lu Feng said, he took out his mobile phone and called Assistant Maha.
In Thailand, within an hour, they prepared the final funds, 3.5 billion U.S. dollars. In this hour, they communicated with the Federal Reserve, and also communicated with the U.S. military, Congress and other parties. Regarding this
This incident expressed strong protest.
Maha seemed very indignant on the phone, saying that if you dare to let me die, I will lie in the coffin. If the government intervenes next, they will be responsible for the consequences. If they want to re-stage the 'Saigon Moment' here
', then come on!
The call was not only made to the United States, but also to several neighboring countries. At this moment, countless eyes were staring at the situation in front of them.
After all the phone calls that needed to be made, Maha got his father's order and made a phone call to the Administration of Foreign Exchange with one sentence: "Bang!"
Half the planet was asleep. At this moment, various voices sounded in front of every trading computer in the Administration of Foreign Exchange.
"Seventy-two yuan, eat it all!"
"Seventy yuan, eat it all!"
"Sixty-five yuan, eat it all!"
............
The Thai baht, which had been hovering at the bottom for an hour, suddenly shot up, and the straight line that shot up seemed to be a response to the drop, pulling straight up.
In the New York Stock Exchange, the sound of Fake was everywhere. At this moment, no one could sit safely in their position. Everyone stood with their hands covering their mouths, their faces full of disbelief.
"Throw! Throw quickly!!!"
"The position is liquidated! The position is liquidated!!"
"Stop it, please stop it, it's going to happen! I'm going to go through the fucking hole!!"
“Sell it for me, exchange it for Thai Baht, and go long Thai Baht!!”
The retail investors who just listened to the "financial expert" fainted immediately. The short selling line of 72 yuan was destined to be redeemed at a high price.
The scene was a mess. The number of Thai baht against the US dollar beat faster than the heartbeat. There was no resistance along the way. As the defense line of retail investors was broken, retail investors began to stampede, and everyone began to redeem the Thai baht regardless of the cost.
At the same time, Thailand's foreign affairs department held a press conference and made phone calls to media from the United States and many European countries. On the phone, the spokesperson said that Thailand's economy is strong and its industries are balanced. There are indeed some minor problems, but the annual GDP growth can be
remain at five percent.
The spokesperson also came up with a number of real data and announced it to the outside world. After it was broadcast live on TV media, retail investors have completely surrendered.
The Thai baht rose from 72 yuan to 36 yuan in one breath, and began to fluctuate sideways. At this moment, there was only one hour left before the closing.
Quantum Fund and Tiger Fund were silent inside, and everyone's faces were full of sadness. As long as the Thai baht returned to 30 yuan, they would be close to the loss line.
"Trading volume has increased, redeem the baht now!" a manager suggested.
When Soros heard this, he looked furious, pointed at the other person and shouted: "I'm informing you now that you are fired!"
Now when redeeming, what else is left besides a crazy stampede? They stopped pulling it when it reached 36 yuan. The only thing left is to let these funds and institutions trample on each other and let the Thai baht return to 25 yuan!
Soros will never jump into this trap!
"Call Schroeder. Let's leave part of the way first and let him try to throw 500 million!" After Soros said, he suddenly became furious and yelled at his assistant: "Don't let those bad guys wait any longer!"
The news was playing on the TV in the trading room. Soros stared at the TV for a long time. He picked up the phone and called the Federal Reserve first, hoping to increase the Thai baht loan, but was rejected.
Then he called Robertson and answered the phone: "Don't be nervous, I saw their vulnerability. Our contract still has ten days left. I will run out a batch in a while to return the contract that expires in three days."
, they won’t last long.”
"I know. I heard that they called many people. I guess their remaining foreign exchange does not exceed 4 billion. If this high level cannot be maintained, it will be destroyed in no more than ten days!" Robertson said.
The two of them have perfect control over Thailand's funds. This situation cannot be maintained by a pool of funds, but requires long-term international funds.
The depreciation of the Thai baht is a definite matter. It is just a question of how much it will depreciate. Compared with the 50% depreciation in the previous life, it may not be so severe in this life. If nothing else, even if it is less than five points, for a country
It is a huge wealth.
In John's office, the assistant walked in and briefly explained the situation. John took a sip of coffee calmly, stood up and said: "The Thai baht is returning to its glory. Since they want to leave with 500 million, let's spend 500 million."
Try it!"
Five minutes later, a sell order worth 20 million was placed, and then it was eaten in less than a second, followed by another 20 million!
Everyone in the exchange became nervous. The people who had exchanged their money for Thai baht were staring at it, secretly thinking, don't fall down. If it falls back again, you will lose money. Those who didn't cut the profit will die. They took advantage of it.
Money, I lost money, it was so uncomfortable.
At this moment, those who have not cut the flesh are thinking about making a big short position, smashing the bulls to death, and driving the price directly to 100 yuan.
In China, a man went crazy listening to the radio and shouted: "Smash it! Smash it quickly! Go back to 70 yuan. No, no, no, just go back to 50 yuan, just let me out!"
"It's so noisy. Why are you shouting if you don't sleep at night? Are you crazy?" the neighbor yelled.
"Fuck you, are you looking for death? I'm not alive anymore!!" The man rushed out and kicked the neighbor's door frantically.
The woman was sitting on the bed. The excitement from more than an hour ago had disappeared. Her eyes were dull and she was just shedding tears silently. In the financial market, the distance between heaven and hell is very close. In extreme cases, a millionaire in one second will be a millionaire in the next.
A debt of tens of millions per second.
Soros escaped with 300 million yuan at the price of 36 yuan, and with the remaining 200 million yuan, he wanted to test the strength of the many parties. Judging from the market trading volume, he pulled it back to 36 yuan and maintained the shock. They
More than three billion have been consumed.
As sales orders were thrown out one after another, the funds of the Thai Foreign Exchange Bureau were exhausted. In the last fifteen minutes, the Thai baht fell below 38 yuan. In an instant, everyone became excited, and the plummet was just around the corner!