Chapter 428 The Darkest Moment
Seeing the price on the computer return to US$23.7 per barrel, Xu Liangliang couldn't help but feel happy.
As he originally expected, spreading news about the Middle East and creating tension can easily increase the stock price. However, he also knows that people have certain adaptability to similar information.
If you repeat the same content every day, the effect will not be so good.
Unless there is new and more exciting content.
But this is not bad.
This piece of news at least saved me nearly 1 billion US dollars of investment.
"Bush Jr. needs to work harder and seize the time to deploy troops and generals." Xu Liang said.
As long as the United States transfers its main army to the Middle East, anyone who is not stupid will know that war is imminent.
Although oil prices may not rise very high, they will certainly not fall sharply again.
Now is the darkest period before dawn.
But there is only less than two months until March 20th.
Just hold on for a week or two and everything will become clearer.
Put aside your worries about oil futures for now.
Since the first day of the Lunar New Year, all kinds of New Year greeting calls have been coming in.
There are employees, relatives, friends, and partners.
Xu Liang’s phone basically never stopped from morning to night.
Xu Yongpei and Wang Lingxiang finally saw how busy their son is now.
The days pass day by day.
Xu Liang’s mood became heavier as the price of oil futures fell.
At the end of the day on February 4, oil futures prices were not only back below $23.50, but also down $0.10 more.
On February 5, it fell again by US$0.3, and Singapore Dubai crude oil also fell below US$26.
After the end of February 6, the prices of Brent crude oil and West Texas Intermediate crude oil [WTI] fell below $23.
Looking at the falling oil prices, Xu Liangzhong also became restless.
His psychological quality is not as good as he imagined. Facing hundreds of millions of dollars in losses every day, it is impossible to calm down.
"Mr. Xu, the oil price is now close to 22.7 US dollars. All the profits we have gained from investing in oil bulls for so long have been shorted. We can't wait any longer."
On the phone, Xia Changsheng sounded anxious.
"Mr. Xu, once crude oil enters the downward channel, huge international hot money will probably join in, and it will be difficult for us to pull it up."
Kunpeng Fund Qiu Heng is also here advised on the phone.
Xu Liang clenched his fists subconsciously.
After hesitating for a long time, he said in a serious tone.
"It's not the time yet."
"Mr. Xu..."
"No need to say any more, I have made up my mind." Xu Liang said firmly.
Investing funds at this time can easily become a fueling tactic, consuming precious funds in vain without achieving much effect.
After all, the funds he has on hand, including the money pledged for Jianlibao, are only US$8.3 billion. After excluding the US$3.3 billion invested, he still has US$5 billion left in his hand.
The capital in his hands is certainly not comparable to that of Larry Ellison, Paul Singer, George Soros and Carey Killinger.
So if he wants to suppress them and raise oil prices, he cannot do it by himself. He also needs the cooperation of the weather.
What is the time of day?
Of course it’s the U.S.’s movements in Iraq.
After the explanation, Xu Liang hung up the phone.
Looking at all the information collected on the table about the White House's remarks about Iraq and the deployment of the ugly team in the Middle East, a lot of these have been reported before, but they are not very newsy and lack explosive points.
"Tomorrow is February 7th, and the past day was Saturday and Sunday, and the U.S. stock market was closed for two days. That means I still have three to four days to prepare."
Although Xu Liang I want to find the right opportunity to reverse the defeat in one fell swoop.
But he also cannot let the stock price fall too low, otherwise he is afraid that he will be forced to close his position before the opportunity comes.
"$22 is the final warning line."
Xu Liang secretly made up his mind.
February 7 passed quickly, and by the time the U.S. and London stock markets closed, Brent crude oil and WTI had fallen to $22.2.
——
“Gentlemen, with our efforts, Brent crude oil and WTI have fallen from the initial US$23.8 to the current US$22.2, and we have obtained 4 billion US dollar profit, the plan achieved initial success
Let's drink to wonderful profits, and more profits to come. "Larry Ellison raised his glass with a happy face.
"Cheers. "
Excitement also showed on the faces of Paul Singer, Alexander Soros and Carey Killinger.
'Ding...'
Amidst the crisp crashing sound, everyone drank the wine in one gulp
"Larry, our harvest has been very rich, can we close our position?" Carey Killinger said. Although he had nearly 300 million US dollars in his hands, which was a huge profit, he still felt uneasy.
"No, No, dear Carey, everything has just begun. There will be more profits waiting for us later, so it is absolutely impossible to quit now." Larry Ellison said with a smile on his face.
He originally thought that this time short selling would be very risky and difficult.
But I didn’t expect it to be that easy.
In less than a week, he made a profit of US$2 billion. Even after deducting various taxes, he could get a net income of at least US$1.5 billion.
Simply huge profits.
Now, teaching Xu Liang a lesson has become incidental. Making money is his biggest concern now.
“Now that the oil price has been driven into a downward channel by us, it is really not suitable to exit. However, the oil price cannot fall forever. We have to draw a warning line. I think 20 US dollars is an appropriate number. "Alexander Soros said.
"No, no, Alexander, you are too conservative. I think $18 is more appropriate." Paul Singer said.
While they were discussing, John Thornton suddenly interrupted.
“Gentlemen, don’t you think our shorting of oil prices went too smoothly this time? In addition to our opponents counterattacking in public opinion at the beginning, in the following week, all the accounts we monitored, I’ve never seen even one dollar of money flow into the market, that’s so abnormal.”
Of course everyone knew who he was talking about.
Larry Ellison asked: "Could it be that the other party already knew that Goldman Sachs was involved in this transaction, so they did not invest from Goldman Sachs' platform, but switched to other investment banks.
After all, the time is short, and even with Goldman Sachs’ ability, it is impossible to obtain detailed investment information from other investment banks.”
Paul Singer and Alexander Soros also nodded in agreement.
“This possibility does exist. But the changes in oil prices in the market will not deceive people. From the beginning of our actions to the present, except for the initial rebound in oil prices when Hanhua manipulated public opinion to counterattack.
In the next four days, this phenomenon never happened again.
In other words, Hanhua and Xu Liang never invested their funds in the market and allowed us to suppress oil prices. Obviously abnormal.”
“John, your suspicion is indeed justified.
However, the reason why Hanhua and Xu Liang did not take action was not because they had any ulterior conspiracy or other means, but because the profits from their early investments had not been completely shorted out, so they could hold on.
But now their profits have completely disappeared, and it is impossible for them to remain stable when the drop in oil prices will threaten their principal.
So, I predict that when the market closing time passes, it will be the time for Hanhua to enter the market. "Paul Singer's eyes were shining.
Elliott Management Company has been able to survive from the 1970s to the present and is growing day by day. There is no doubt about the talent of Paul Singer, the founder.
His views were also echoed by others present
"I agree with Paul's analysis. Now that we have huge profits, we can play with that stupid yellow-skinned monkey." Larry Ellison's eyes flashed with cruelty.
It seemed as if I could see Xu Liang's devastated appearance in the face of the huge loss.
John Thornton felt that the matter was not that simple, but he could not give any other more convincing reasons and did not speak again for a while.
"John, don't worry. As Paul guessed, we will find out on Monday. The most important thing for us now is to celebrate the victory in front of us." Alexander Soros smiled.
John Thornton glanced at him, smiled and nodded.
He is the least worried person here. After all, Goldman Sachs only invested US$50 million in this short-selling operation.
Larry Ellison and others who have invested more are not worried, let alone his turn.
"Cheers."...
The night became darker with the celebration.
The time soon came to Monday, February 10, 2003.
It wasn't until nearly noon that Larry Ellison woke up from his hangover.
The astonishing gains from shorting oil made him immersed in great joy during the two days when the market was closed, singing and dancing every night, venting his depressed and anxious mood during this period.
Pushing away the woman next to him, Larry Ellison simply washed his face before remembering that today was Monday.
“I wonder if that yellow-skinned monkey is going to end?”
Muttering, Larry Ellison picked up the phone.
To avoid being disturbed, he usually silences his cell phone at night.
As soon as I opened it, I immediately found that there were more than twenty missed calls on it.
Looking at the callers, Howard Eisen, Paul Singer, and John Thornton are basically people involved in the short-selling plan.
I couldn't help but feel a thump in my heart, and quickly called Howard Eisen.
The call was answered quickly.
"Larry, where are you now?"
Howard Eisen's tone was filled with anxiety.
"I'm in the hotel. Howard, what happened?"
"Larry, I can't explain a sentence or two. If you have a computer around you, just open it and look at the Yahoo homepage to understand. .”
Larry Ellison quickly walked to the study and turned on the computer.
When he opened the Yahoo website, a middle-aged man wearing a suit and glasses came into view, holding a small test tube filled with powder in his hand.
(End of this chapter)