The conscience of heaven and earth, Gu Kun's high-profile statement of guidance was purely to make money and establish a positive image of himself, without any thought of plotting against anyone.
Because he knows that even if he puts on a posture of "I just want the Thai baht to return to normal and rational value, and make a little money by the way", there will be a greedy Soros who will do the rest of the dirty work.
.
Soros will not be satisfied with earning only 25% per leverage. What he wants is to eat everything and squeeze out the marrow.
Therefore, Gu Kun said some nice words and gave some formal advice, allowing the relevant Thai departments to temporarily stabilize the exchange rate. For Gu Kun, it was a pure win with only a good reputation but no actual profit.
These gains are enough. How could Gu Kun deliberately plot against others?
It's a pity that those guys who didn't enter the market because of firm determination and precise calculations, but just made a small profit because of following the trend and being lucky enough to encounter dead mice, after hearing Gu Kun's statement, they were directly dismissed.
I was so frightened that I ended up quitting after making only 25%.
Boss Xiao Li and Boss Xiao Zheng of various major families in Hong Kong ended up making more than 200 million Hong Kong dollars and 500 million Hong Kong dollars respectively before closing their positions.
Kong Shangzhong, a tycoon in Hong Kong’s cultural, tourism and luxury industry, was more calm than Mr. Li’s boss Mr. Zheng. He held on until the original price of the baht fell 26.5% from ten days ago before he completely closed his position - the most dangerous time for the baht before was Saturday.
In fact, it had already dropped to a depreciation rate of 28%, and then rebounded to 26.5% on Sunday.
Kong Shangzhong also saw that the market had rebounded. He was afraid that Gu Kun's speech had restored the confidence of domestic funds in Thailand and that the market was about to change, so he took action in a panic.
Boss Kong’s final total benefit was capped at HK$1.4 billion, equivalent to US$180 million.
…
Across the ocean, Wall Street in New York, Quantum Fund headquarters.
An analyst took the latest report and reported to Soros:
"Sir, last weekend, many hot money traders who had tried their luck to travel with us were fooled by Gu Kun and did not persist. The funds on our side have withdrawn 15% of their principal in the past three days.
billion US dollars, and together with the leverage they added, a total of more than 6 billion US dollars was withdrawn."
The hook-nosed Soros listened with a dark glint in his eyes. After listening, he pondered for a few seconds and snorted coldly with his pearls in his hands:
"It doesn't matter. These are just unlucky bastards. If you want to, just get out. Anyway, the total amount of funds we can mobilize is strong enough to remove the junk and retain the essence.
Let’s share less of the stolen goods.”
Those people are no longer of use.
The assistant took a deep breath and continued to ask for instructions: "Then what should we do now? Two days ago, you ordered us to stop temporarily."
"Now, of course, it is firing on all cylinders again, no need to ask," Soros said matter-of-factly.
September 1, 1997, another Monday.
The previous weekend, the Thai baht exchange rate finally stabilized, and even rebounded by 1.5 percentage points. Guys who relied on luck to bet on the right, were basically deceived by such a scam, and Gu Kun's statement, and basically fell into the trap.
Exited.
Soros's men finally showed their fangs again.
Another total of more than 4 billion U.S. dollars in principal and more than 30 billion U.S. dollars in leverage were put on the market at once, overwhelming the protective funds organized by the relevant Thai departments once again.
At the Thai financial department in Bangkok, the phone kept ringing. Chulawangkorn was so worried that he seemed to think that the end of the world was coming.
"The exchange rate dropped 11% this morning compared to yesterday! We tried to use reserve funds to hold up, but the bottom has already been reached. Minister, can you ask wealthy entrepreneurs to borrow US dollars to protect the market? Those multinational companies should still have US dollar reserves.
!" The subordinate, who was seriously ill, requested to seek medical treatment.
Like a zombie, Chulawangkorn called Boss Xu without much expectation.
"Zhu Bu, I asked you to investigate clearly before making a decision. As I said, Gu Kun is not the biggest force, and just because he has stopped, it does not mean that the matter is over. When the matter has reached this point, there is nothing I can do to help. I am a businessman.
It’s not about throwing money into puddles.”
Boss Xu's reply was very cold.
In fact, the other party also knows that the consultation last weekend may not necessarily have much effect, but as the richest man in Thailand, Boss Xu's words are in line with his own interests.
Because he knows that the Thai baht has fallen like this. As long as it continues to fall, Chulawangkorn will definitely not be able to hold his position anymore. Both the prime minister and the king need to remove Chulawangkorn from office to calm the anger of the people.
If Chulawangkorn had listened to his advice last weekend and stopped the decline, then Chulawangkorn would have been grateful to him if he had continued to sit at this position.
If the decline is not stopped and Chulawang’s followers are gone, what will happen if they resent him? Will a wealthy businessman care about the resentment of a commoner who has resigned?
If you win the bet, you will gain the friendship of a chief of the relevant financial department; if you lose the bet, you will gain the resentment of a common man. Everyone knows how to choose.
In fact, Chulawangkong also knew this truth. He just liked to have a little fantasy in his heart until the last moment, always thinking that a miracle would happen.
"It's over, it's all over. My career is at an end." Chulawangkong sighed and slumped down on the swivel chair. The phone dropped to the ground and he didn't bother to pick it up.
That night, the Thai baht fell by 14% compared with the previous trading day.
Taking into account that the price on the previous trading day has fallen by 26.5% from half a month ago, when combined, the Thai baht exchange rate on September 2 has fallen by a cumulative 36.3% compared to mid-August.
And according to the previous trend, after this second wave of sharp declines, there will be a series of gradual fine-tuning downwards lasting one or two weeks.
Just like the first crash, the price only dropped 18% on the day of the crash, but over the following weeks, the cumulative expansion deepened to 25%.
The market's forward expectations for the Thai baht's decline have been lowered to 60%, and some pessimistic investors even believe that it may stop at 50%.
…
Before noon on September 3, Xiangjiang.
In a luxurious mansion on the top of Barker Road where luxury tycoon Kong Shangzhong Kong was enjoying a feast, he was celebrating his success at a grand banquet.
Several second-tier female celebrities in the industry, especially those who usually accept a lot of endorsements for luxury goods and are very familiar with Boss Kong, are surrounding him at this moment, flattering Boss Kong to take advantage of him, trying to get some luck.
Reward.
"Kong Sheng is really clever and clever. He easily made more than one billion in revenue. Even boss Xiao Li and boss Xiao Zheng are no match for you."
"Yes, yes, the Li family, the Zheng family, and the Guo family are all relying on the shadow of their ancestors. Old Li and old Zheng are the seniors, and the second generation of their family should be friends with Kong Sheng. But.
Look at the second generation of their family, who can compare with Kong Sheng? Kong Sheng’s future in the Hong Kong business community will definitely be bright."
The second-tier female stars were messing around and saying nice things, leaving Kong Shangzhong in a daze.
His celebration party today was originally like a pool party. The men only wore trousers, and the female companions also appeared in bikinis. He lay down in the warm water massage pool, hugging each other and enjoying the compliments of beauties. He was proud of his life.
What's more?
While they were having fun, a female secretary came in and Fu Er said a few words to him, and then his expression immediately turned cold.
It's no wonder that he no longer cares about the Thai baht market. The main reason is that people's nerves always have to relax and it's impossible to stay tense all the time.
In the previous ten days, he had been too nervous. His short position in the Thai baht had always remained at a high level. He was always looking at the market. He was really tired.
Now that the position has been completely shipped and closed, why don't you take the opportunity to have fun? So it is normal not to check the market for a day or two.
Who knows, after the position has been closed, the moth appears again.
"Damn it, I was tricked by Gu Kun! This despicable villain! He kept making nonsense last weekend, saying that the Thai baht had returned to its rational value, and now it's actually plummeting?!"
It’s too early to sell! It’s too early to close the position!
No one in this world will ever be dissatisfied with having too much money, even though Kong Shangzhong had already made 1.4 billion Hong Kong dollars partly due to his accurate prediction and partly due to good luck.
But at this moment, when he heard that the short position was still deepening, instead of being grateful at all, he only felt regret.
He didn't feel that he was thankful that he had earned the first 1.4 billion. Instead, he was obsessed with why he didn't cover it up for a few more days and why he couldn't earn the additional 600 million later.
If he could cover up his injustice like Gu Kun, he would have earned a total of 2 billion yuan now!
And looking at the situation, it can still fall, but there is still some profit to be made later!
Several female celebrities nearby were frightened, but they couldn't show it yet. They could only endure the humiliation and flatter themselves: "Kong Sheng, please calm down. There is endless money in the world. You are already very good. Just miss it a little bit."
, just change it..."
The female secretary didn’t want to bear the boss’s cold face, and quickly followed these words to persuade: “By the way, boss, how about we quickly re-establish a position? Although we missed more than ten points of room for a sharp decline, if we re-establish a position, we can still
I can drink until the end."
"Re-open a position! Of course we have to re-open a position!" Kong Shangzhong grabbed the towel from the female secretary's hand, covered his fat body with a big belly, and then lit a cigar, but he bit too much.
He bit the cigar with such force that the end of the cigar was almost broken.
After taking a deep breath, he calmed down a little, stopped the female secretary who was about to leave, and asked: "Why are you so anxious! I forgot to ask you, how did others react? The Li family, the Zheng family, and others heard that the third
After the stock price fell in February, did you open any more positions?”
Female secretary: "The Zheng family is scared. They are probably afraid that they will run out of room to fall and stop playing when they see a good time. Mr. Li Ergong actually built some new blocks."
Kong Shangzhong squinted his eyes and took two sips: "We will build it too! Let's build a principal of 2 billion Hong Kong dollars first, but don't increase the leverage. It has already fallen quite deep."
As if she had received amnesty, the female secretary could finally retire. She quickly went outside to make a phone call and told her agent to start following the instructions.
"Gu Kun is such a hypocrite! He made a confession and set up a memorial arch. I really believe that he will not end well. Next time, I have to work directly with Master Sorossuo to avoid being deceived by the despicable villain! Sure enough, the hypocrite is more disgusting than the real villain.
!”
Kong Shangzhong thought bitterly in his heart and decided that if he had another chance next time, he would not trust a hypocrite like Gu Kun.