When Chen Dong and his group returned to Hong Kong, it was already past 8 p.m.
However, he did not have the driver drive back to Xinglongju, but went straight to the apartment building where Wangcai lived.
Several people entered the room.
When Wangcai saw Chen Dong return, he was first taken aback, then his face lit up with great joy, and he said happily.
"Boss, you're finally back! It's so good to see you."
Wangcai stepped forward and gave Chen Dong a very warm hug.
"How about it?"
"Have you finished all the tasks I assigned you before?"
With the matter of building up international crude oil positions in mind, Chen Dong went straight to the point and asked the question.
Upon hearing this...
Wangcai nodded, but his expression was a little unnatural.
"Boss, the position has been established, but... the entry price is a bit high."
"How many?"
"The average entry price was $16.82."
Wangcai took a deep breath and told the truth.
At $16.82 a barrel of crude oil, this price is not only high, but outrageously high.
The two then went to the computer.
Wangcai skillfully operated the computer and opened the futures trading software.
A moment later.
The screen displays a candlestick chart of NYMEX crude oil futures.
On July 6, the opening price was $16.62, the highest price during the session was $16.71, and the lowest price was $16.43.
The daily fluctuation was $0.28.
The closing price was $16.47.
In other words, Wangcai's average purchase price for the long positions was $16.82, and the loss didn't just start today.
Based on the closing price on July 6, the loss was $0.35 per barrel.
This is no small amount of money.
This is equivalent to a loss of $350 per standard lot.
Chen Dong established a total of 30,000 long positions.
This also means that during this period, a loss of $10.5 million was incurred in the international crude oil futures market.
"Boss, I..."
Looking at the amount of losses in his account, Wangcai couldn't continue speaking.
The super-large supermarket that Chen Dong opened for his parents was only worth $5 million.
This also includes the cost of the shop.
If things had gone the same way as before, this money could have been used to open two more identical supermarkets.
"Well done!"
Chen Dong patted Wangcai on the shoulder and said comfortingly.
Actually, these words weren't entirely meant to comfort.
Chen Dong genuinely thought Wangcai had done a good job.
If I remember correctly, the price of crude oil on the international market was around $17.3 before he left.
It is already remarkable that Wangcai can reduce costs by $0.50.
Moreover, in the face of the upcoming extreme market conditions, establishing a good position is even more important.
Long positions in both the NYMEX crude oil futures market and the Brent crude oil futures market.
A total of 30,000 long contracts cannot be easily established.
Raising the price will attract countless copycat orders, which also means that profits will decrease.
I want to wait for a suitable price to enter, but there aren't many other buyers.
Therefore, Chen Dong wasn't lying.
"Boss, I... thank you, boss."
Wangcai was deeply moved by Chen Dong's words.
For more than a week, Wangcai felt like he was going through torture every day.
Think about it, with a loss of $10.5 million, how can you possibly sleep?
He had a complex mix of feelings: he wanted to see Chen Dong, but he was also afraid to see Chen Dong.
But what's meant to happen will happen eventually.
Wangcai felt a little better after Chen Dong said some comforting words.
But then he felt incredibly ashamed.
"Alright, get some rest early tonight. Look, you have dark circles under your eyes."
As he spoke, Chen Dong looked at the tiger again and pretended to scold it.
"Tiger, didn't I tell you to take good care of Wangcai? Look at you, you've gotten so fat."
"boss!"
He swallowed back the words that were about to be spoken.
Chen Dong has always been generous to people, and he has never been stingy with everyone when it comes to food.
Not only do they ensure everyone is well-fed, but they also pay close attention to nutritional balance.
As a result, after following Chen Dong, all of them gained weight to varying degrees.
Although Chen Dong was just joking.
Wolong stared at the tiger with hostility and said in a deep voice.
"The boss is right, Tiger. Resume physical training starting tomorrow."
Upon hearing this...
Chen Dong said in surprise, "Wolong, there's no need to take it so seriously. I was just joking."
"No!"
Wolong replied earnestly, "Boss, this was all my oversight."
"Now they need to strengthen their own physical training so they can better protect you."
Hearing Wolong say that, Chen Dong couldn't very well contradict himself, could he?
Moreover, Wolong was not wrong.
"That's all for today. You should get some rest. Once the villa is fully equipped, you can move in."
"Yes, boss!"
Chen Dong nodded, said nothing more, and turned to go downstairs with Wolong and the others.
At the same time.
Within the territory of Iraq.
Sam's secret mansion somewhere.
"Azawi, has all the money been deposited?"
Sam's voice sounded a little cold.
Ever since returning from the Kingdom of Kurt, he had been burning with an inexplicable rage.
You shameless bastard!
Do you really think that having the United States as your backer means they won't dare to do anything to you?
joke!
In terms of relationships, Iraq has connections with Russia and the United States.
During the eight-year Iran-Iraq War, Iraq purchased military equipment from both countries on multiple occasions.
This chapter is not finished, please click the next page to continue reading!
Continue read on readnovelmtl.com
