What?
The soybean futures market is so good, why is the mainland selling it?
Why not make money? The price can obviously go up by at least a few dollars!
Huo Zhenting stared with his eyes wide open, looking confused.
What made him feel even more incredible was that the mainland not only wanted to sell soybean futures, but also wanted to transfer all funds to short sell.
This, this, this...
Huo Zhenting felt that this was too... too risky!
wrong!
Going short when the market is rising so well is not just a risk, it is simply seeking death!
However, his father not only did not feel surprised by the mainland's decision and practices, but also made an unprecedented move to short the market by betting 50 million US dollars.
Huo Zhenting never expected that his father, who had previously advised him not to get involved in futures gambling, would actually turn around and spend 50 million US dollars.
"Yes! That's it. If there are any operational orders from the mainland, call us immediately."
After hanging up the phone, Huo Yingdong looked at his eldest son Huo Zhenting who was in a daze, stepped forward and patted him on the shoulder, saying:
"Zhen Ting! Come on! Why don't you continue talking!
What's going on on Wall Street? They're all rushing to buy soybean futures, right?
That’s great! That’s great!”
"Good? Dad, Wall Street is optimistic that soybean futures will rise.
If we follow the mainland and short sell, we will lose money!"
Huo Zhenting looked at his father with a puzzled look.
"The mainland invested 130 to 140 million US dollars in short selling and was not afraid of losses, so what should we be afraid of?"
Huo Yingdong smiled and said.
"But... Daddy, didn't you forbid me to touch futures before, saying that futures are gambling?" Huo Zhen said a little aggrievedly.
Huo Yingdong waved his hands and said, "How can an investment that guarantees profit be called gambling? Zhen Ting, you are being dazzled by the flowers.
The more good news you see, the more it proves that the mainland's strategy of selling and then shorting is correct."
"Why do you say that, Dad? Those newspapers are all authoritative financial newspapers.
Moreover, even financial institutions on Wall Street are optimistic about the rise in soybean prices!"
Huo Zhenting said a little unconvinced.
But Huo Yingdong was still experienced and pointed out directly: "What you see are just superficial news, which is what the dealer behind the scenes wants you to see.
Think about it, before every stock market crash in Hong Kong, there were all kinds of favorable factors, and even the aunties on the street knew that they should take their pension money to the stock market to make money.
Have you forgotten what I told you when I first introduced stock market operations to you?
When everyone thinks buying stocks can make money, you have to run immediately, run fast..."
"This... I... I understand! Dad. What you mean is that the price of soybean futures will plummet soon."
Huo Zhenting was so frightened that he broke out in a cold sweat.
Although he did not buy a single dollar of soybean futures, he felt as if he had really experienced a near-death experience after investing heavily in futures.
“It’s not what I meant, it’s the accurate prediction made by the master from the mainland.
Let's wait and see! Since we are making money from the Americans, why not take some?
Throw out 50 million dollars and see how much you can earn by following the trend.”
Even though it was just 50 million US dollars, Huo Yingdong looked calm and composed.
Just this kind of magnanimity alone makes his son, Peter Ho, admire and yearn for him immensely.
He was wondering when he could achieve the same calmness and vision as his father!
…
Across the ocean, Wall Street.
Those stock and futures brokers kept holding newspapers and various materials to persuade investors to hand over their funds to them for futures investment.
Especially the recent surge in soybean futures, which has become a star product and is the perfect example for attracting new customers.
For example, a certain client bought a soybean futures contract worth 10,000 US dollars from me the day before yesterday, and made 2,000 US dollars in just two days.
This is not an exaggeration at all; it is a real performance report that can be produced.
Therefore, these stock and futures brokers are quite confident when soliciting customers.
After all, they did help their clients make money, so they naturally felt more confident.
As long as a customer makes money here, they will immediately go back to the company they work for to brag and publicize it, and new customers will be brought in in an endless stream.
Therefore, these stock futures brokers now have no worries about lack of new customers.
What they are worried about is that they cannot get orders for soybean futures contracts.
How popular are soybean futures contracts on the Chicago futures market now!
Basically, once it is released, if the price is not much different, people will buy it up immediately.
It's like you're making a profit if you buy it.
It is precisely because of such a crazy market that many investors who originally could see that soybean prices were being inflated have gradually lost themselves in it.
They know that there are market makers behind the scenes who are driving up prices through various means, but they always think that they are smart people and that after entering the market, they will definitely be able to cash out and run away before the market crashes.
This is how the financial market works. Anyone who enters the market assumes that they can make money and they won't be the fool who takes over and covers the bottom.
But often, most people become leeks and are harvested over and over again.
The information that we pay close attention to and inquire about every day is deliberately released by others.
The candlestick charts that are carefully studied inch by inch every day are also deliberately made by traders.
so……
In this case, when a batch of sell orders for soybean futures contracts suddenly emerged in the market.
This chapter is not finished yet, please click on the next page to continue reading the exciting content!
Continue read on readnovelmtl.com
