The original plan of the trading team was to wait nine to thirteen trading days after the second bottom, that is, two to three weeks later, before closing all short positions and going long.
Now it seems that the selection of this time window is a little lagging. So everyone unanimously decided to start executing the follow-up plan in advance this week. While closing the short positions in hand, we will go long in the far month.
The short orders in the hands of the trading team are mainly concentrated in the S&P 500 Index futures contract and the Nikkei 225 Index futures contract. In the future, the backhand long positions will also be based on these two items.
Sun Dahai has 350 short positions on the Hang Seng Index in his own account, which he bought with the 10 million Hong Kong dollars he and Luo Wanli had bet against. Now he has made a lot of profits.
The average transaction price of the contract he sold was above 3800 points. At the closing today, the Hang Seng Index had fallen below 2100 points. According to the current trend, by the final settlement day, it is estimated that the Hang Seng Index will fall below 2000 points, so Sun
Dahai can make a profit of more than 30 million Hong Kong dollars. (1800*50*350=315 million Hong Kong dollars)
What Sun Dahai does is a spot month contract, and the third to last trading day of each month is the final settlement day. In other words, tomorrow is the last trading day.
Sun Dahai is not ready to do it himself. After the market closes tomorrow, the Xiangjiang Futures Exchange will automatically match and close the positions based on the weighted average price of the whole day tomorrow.
The trading team also has 2,000 short orders on the Hang Seng Index. This is not a project of the company, but Sun Dahai provides funds, and the trading team operates it on its own to earn pocket money for itself.
The investment focus of the trading team is still on the S&P 500 index futures contract. The short contract of the Hang Seng Index was placed by Xing Wenyan. They were responsible for the Asian trading, and while watching the market, they completed the transaction by hand.
Sun Dahai does not want the company to come forward to short the Hang Seng Index because the company has a large amount of funds. Once it goes all out to short the Hang Seng Index, the impact and impact will be considerable, and it will also have a bad impact on the company's reputation.
As for the current two thousand contracts, the value is only 300 million Hong Kong dollars (the margin is 30 million Hong Kong dollars), which will not have much impact on the daily trading volume of the Hong Kong futures market. Therefore, Sun Dahai will not interfere with theirs.
operate.
The performance of the European market in the afternoon was similar to that of the US market at night. Although it was still in a short-term downward channel, the decline speed had slowed down and the trading volume began to slowly increase.
After two consecutive sharp declines in a short period of time, the downward momentum in the stock markets of various countries has been almost exhausted.
With the intensive introduction of various rescue measures by governments around the world, severely damaged market confidence is slowly recovering. Institutions and investors are already preparing to build positions and take this opportunity to adjust the types and proportions of stocks they hold.
In addition, various listed companies are also working hard to save themselves for the upcoming annual report results. Therefore, Sun Dahai judged that the stock markets of most countries will complete the bottom before the end of the year at the latest and leave the bottom area.
The trend of the Hong Kong stock market may not necessarily follow the trend.
Hong Kong will return to the mainland in 1997, which means that the policy aspect of Hong Kong's economy will undergo major changes in the long term.
At the same time, a large number of companies and funds with Britten background will gradually withdraw from all aspects of Hong Kong's economy. At the same time, Chinese capital will land in Hong Kong in large numbers to make up for the funding gap caused by the transfer of management rights.
This kind of alternation of funds with a political background is not sensitive to the actual transaction price. However, both parties hope to complete the transaction in a stable economic environment.
Therefore, the Xiangjiang stock market will generally be in a relatively stable state for some time to come, and the fluctuation range will converge. This is why Sun Dahai deliberately avoided the Xiangjiang market when he went long backhand.
On Wednesday morning, the Asian market finally showed some improvement, with some organized resistance emerging during the session, slowing down the decline in the market.
The biggest problem in the Xiangjiang stock market at present is that before the stock market crash, OTC funds were heavily squeezed by listed companies, resulting in excessive blood loss, resulting in weak follow-up.
Therefore, the long parties in the Xiangjiang stock market are now obviously unable to cope with their needs. It is difficult to fundamentally solve the problem only by relying on the remaining long funds and the new over-the-counter funds.
However, these issues had little to do with Sun Dahai. After reading the market in the morning, he already had an idea in his mind. In the afternoon, he left the Future Building and went to the coffee shop to meet Li Bihua as agreed in advance.
Also going with him were Cheng Xiaodong and Zhang Yimou. They were still confused at this time. They didn't know what Sun Dahai wanted to do when he went to see Li Bihua.
Cheng Xiaodong has signed a contract with Youlian Agency yesterday, with two directing contracts and two action directing or martial arts contracts in five years.
The contract was as broad as it could be, which was in line with Cheng Xiaodong's wishes. He still had some channels to get film contracts, and he also had favors that needed to be repaid, so when he saw the contract conditions proposed by Youlian, he signed it without much thought.
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Sun Dahai brought Cheng Xiaodong and Zhang Yimou to find Li Bihua, naturally for her novel "Qin Terracotta Warriors".
Li Bihua's writing style is very interesting. If many of her novels were placed a few decades later, they would all be mainstream genres in the early days of asxs.
Many of her works will be adapted into film and television works in the future. These include the movie "Rouge" starring Leslie Cheung and Anita Mui, which will start filming next month, as well as "Kawashima Yoshiko", "Green Snake"
", "The Seduction of the Monk", "Mysterious Night", and the famous "Farewell My Concubine".
This time Sun Dahai set his sights on her novel "Qin Terracotta Warriors". According to the historical trajectory, the film adaptation rights of this novel will be purchased by Tianyi Group in 1989, and Li Bihua will personally serve as the screenwriter and complete the film script.
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Tianyi Group is a film and television company co-founded by veteran Hong Kong actor Zhu Mu and his wife Han Peizhu. Zhu Mu was one of the first Hong Kong filmmakers to enter the mainland and has certain connections in both places.
Therefore, this movie was co-produced in Hong Kong and mainland China, and the title of the movie was changed to "The Love of the Qin Terracotta Warriors in Ancient and Modern Times", which is more understandable.
The film is directed by Cheng Xiaodong, and filmmakers from Hong Kong occupy most of the positions in the crew. The cast is basically composed of mainland actors, with Zhang Yimou, Gong Li, and Yu Rongguang starring.
Due to the weak financial strength of Tianyi Group, coupled with the limited special effects and post-production level of the movie at that time, this three-stage time-travel fantasy love action movie, although the script is excellent and the director and actors are also very hard-working,
However, due to the "five-cent special effects", the visual expression of the film was unsatisfactory, and the final results could only be regarded as average.
In Sun Dahai's words, it was a good card that was beaten horribly. Similar to this, it was the 1984 CCTV version of "Journey to the West". Up and down, countless people's various efforts were all beaten by that nearly
