In an instant, the battle intensified, and within a short period of time, the trading volume surged dramatically, quickly exceeding the total trading volume for the entire day.
5000 lots.
hand.
The Nikkei 255 index fluctuates between - and -.
The more the market crashed, the more apprehensive everyone felt.
"We can't smash it anymore."
George loudly stopped him and reminded him.
"There are only 5 minutes left before the market closes. It's clear that the bulls won't let us succeed today."
"Instead of continuing like this and increasing the cost of holding positions, it's better to put it on hold for now and stabilize the index at a certain point."
"On the next trading day, we'll first borrow enough shares from the brokerage firm, and then break through the 63-day moving average in one fell swoop."
On the other side.
The interior of the large apartment.
"Boss, all 1300 short positions have been closed, with the average price at [point missing]."
"very good!"
Chen Dong looked at the account.
The average holding cost for a standard short contract of 1300 lots is points.
They earned a total of 2,115 points, with a profit of $178 million.
Upon seeing this number, Chen Dong sighed in dismay.
This money is so damn easy to make!
Of this, the profit attributable to Chen Dong was US$96.3 million, while that to HSBC was US$81.7 million.
According to the initial performance-based agreement, the return on HK$1 billion was 25%, which is HK$250 million.
Converted to US dollars, that's only $35.05 million.
Only 20 days have passed, and Chen Dong has not only fulfilled the betting agreement, but also exceeded it by $46.65 million.
In other words, all the extra money belongs to Chen Dong personally.
This does not include the gains from the USD/JPY exchange rate, or the gains from short selling.
If you really include these, it will only be more.
Excluding other factors, Chen Dong's personal profit from stock index futures alone reached as high as $143 million.
The $143 million in the 1990s was comparable to billions of dollars in later years.
More importantly, with this money, we can then achieve success on multiple fronts.
Furthermore, it laid a solid foundation for the Wanta Project a year later.
......
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