The price of oil continues to rise, and despite inquiring around, no one has heard of Xing Baohua canceling any orders.
Whether to continue or wait and see, nobody knows. Some bolder ones have already shorted.
After a great rise, there will inevitably be a great fall.
Those who placed short orders were almost all wiped out; their accounts were all liquidated.
The upward trend continues, even after breaking through 30 yuan a barrel.
Nobody knows where the high point is or where the resistance level is.
In the face of a major market trend, some people get incredibly lucky and make money, while others are cautious and end up with nothing. And it's always the group that understands the market.
Xing Baohua is considered a legend in Hong Kong's financial world.
A single oil futures trade worth tens of billions of dollars almost made him earn all the money in the world. That might be an exaggeration, but it's pretty much true in the minds of retail investors.
Coincidentally, Xing Baohua's feature report was also reprinted in Hong Kong, and based on Xing Baohua's analysis, they suddenly realized what was going on.
Xing Baohua dared to get involved because he saw a loophole in the power struggle between the two superpowers, but who knew that war would break out in the oil-producing region midway through the process.
Oil prices have gone up; the US's low-price oil strategy has failed!
He got desperate and took matters into his own hands.
But this war came quickly and went quickly. So why are oil prices still rising and not falling?
Some experts then used this incident to launch a hindsight analysis.
Damage to equipment in oil-producing regions has led to reduced production capacity, and the fact that OPEC members were pressured to ramp up production has resulted in them not making much money.
Now that prices have finally risen, who would want to lower them?
This analysis makes sense, so everyone turned their attention to Xing Baohua: when will the goods be shipped?
This means that oil prices are about to fall.
Some people prepared their money and waited for news of Xing Baohua closing his positions. As soon as the news came, they would short sell to make money.
After reporting his work last night, Xing Baohua was invited by Lao Mou to visit his company.
Old Mou heard that Xing Baohua had made a lot of money in futures trading, but he didn't know the exact amount. He only knew that people were saying that Xing Baohua had hundreds of billions of yuan.
Lao Mou wants to borrow money.
Xing Baohua bluntly told him, "Those figures of several hundred billion are an exaggeration. It would be good if it reached one hundred billion. Besides, that's not all my money; it belongs to many partners. If it's spread out, I'll only get a few hundred million."
"That's quite a lot, considering it's only been half a year."
"It looks like a lot, but there are operating costs involved." As Xing Baohua was saying this, he suddenly found himself in debt!
What the hell? He's losing money! The more Lao Mou listened, the more suspicious he became! He was clearly making money, so how did he end up in debt?
Why bother making things difficult when you're already in debt?
Xing Baohua took advantage of Lao Mou's ignorance and explained to him in detail how the losses occurred.
"As you know, I have many projects, and with the poor overseas sales, I'm having trouble recouping my investment and facing cash flow problems. Plus, the interest rates on bank loans are extremely high."
As a leader in finance, I wanted to make a name for myself, so I used a lot of high-quality assets as collateral to encourage my partners to put money in. They may have made money, but I didn't make much.
Firstly, there's the labor cost. You know the traders, right? They're a group of people specifically responsible for placing orders. Their salaries are based on commissions according to the number of orders placed. Then there are the experts, who take a 5% commission. My share is only about 10%. After taking 5%, plus the traders' commissions, I'm left with about 3%. After paying bank interest, I'm basically in a negative balance.
Old Mou's brain isn't quite up to par, but what the other person said was reasonable and flawless.
But something always feels off, though I can't figure out why.
"The risks in finance are too great! I don't dare to touch it," Old Mou said regretfully.
“Yes! It’s more reliable to do real business. You have land and factories. No matter what you produce, you can see whether you make a profit or a loss. Finance is different. You throw money in and you don’t know who’s making money off you or who’s making money off you. You’re completely clueless until the settlement, and then you realize that you’ve wasted your time and even lost money,” Xing Baohua said.
"That's right! Mr. Xing, you were the one who helped Smartisan build the company. Now the first workshop of the factory is completed, and the production line is being adjusted. I'm thinking that when the first phone rolls off the production line, you should come and support us." Old Mou extended an invitation.
"Sure! As long as I have time."
"It's settled then. I'll let you know a week in advance, no, three weeks in advance. You absolutely have to come."
Xing Baohua thought about it and then agreed.
He hadn't actually seen how the Hammer factory was being built, but he could go and take a look. If Lao Mou messed it up, he could take over.
The two went out for lunch, and a young man came into Lao Mou's office to help clean the room.
A small trinket was found under the coffee table where Xing Baohua was sitting.
He put the trinkets he'd taken out into his pocket, put on a new one, and hurriedly left.
After get off work, the young man returned home and translated the recordings from the small device.
The translated content was then disseminated through special channels.
The CIA branch stationed in Japanese territory received the message.
This is the most valuable intelligence they have received recently.
Xing Baohua is going to the border, so how can we lure this guy to the other side?
The CIA started planning this project and that project. There were four projects: A, B, C, and D. If one didn't work, they would launch another.
Over the course of more than a year, the CIA collected a great deal of information about Xing Baohua.
One of them was that he had a close friendship with two foreign women.
I even wrote songs for them, which are currently very popular and trending in Da Mao.
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