Maha agreed to the plan, and as long as a small amount of Thai baht flowed back into Thailand, the amount of Thai baht available for international trading would be extremely limited.
In this way, if Soros wants to escape, he would have to find someone with Thai baht in his possession. Such a large amount, besides buying it from Sean and Lu Feng, what other way is there?
At that point, control will be in the hands of Lu Feng and his group.
With about forty minutes left before the close, the pressure on the market was increasing. Manager Li felt immense pressure looking at the trading volume. In his report to Lu Feng, he mentioned the risks of the Thai baht, noting that the short-selling funds were too aggressive and he did not recommend going long.
"I need someone to operate the business, not someone to teach me how to invest. What's the price now?" Lu Feng asked into the phone.
"Thirty-nine dollars and sixty-three cents, seventy-two cents, eighty cents!" Manager Li's voice trembled slightly as he said, "There are fifty billion baht hanging on the sell side, and small orders are being placed!"
Lu Feng lit a cigarette, took a deep breath, and said, "Get ready. First, prepare 100 million yuan to support the price between 40 and 41 yuan. After placing the order, pay attention to the movement. Once a large amount of capital rushes out, immediately push it up!"
In Europe, Sean's brows were practically glued together as he stood in front of the trader, constantly staring at the sell orders. He had less than 300 million baht left in his funds, but there were 5 billion baht in sell orders hovering above him. He knew very well that this was just the appetizer; the other side likely had 10 billion baht waiting to be dumped.
"No news?" Sean asked his assistant. "Haven't you figured out which Wall Street institutions are involved?"
The assistant shook his head awkwardly.
"What are you all good for? Even raising a bunch of pigs would be better than you!" Sean cursed angrily, then ordered, "Call Lu Feng and tell him about our current financial situation. Also, ask him if the 100 million downstairs is his money."
The phone rang, and Lu Feng told them it was his own money, briefly explaining the situation. Just then, a batch of sell orders came in, driving the price down to 42 yuan!
In the trading room of the Quantum Fund, Robertson stared intently at the screen, his coffee beside him already cold, but he didn't even have time to take a sip.
"Let the private equity firms keep dumping their shares. Let's see how much capital they have. In this final stretch, the strong will prevail, and the weak will perish!" Robertson instructed his assistant. "Tell them not to be afraid. As long as we charge forward, retail investors will help us. Retail investors don't care about right or wrong; they'll help whoever wins."
After saying that, Robertson muttered to himself, "Retail investors are the ruthless capitalists; they are the bloodsucking gadflies!"
The pressure on the market increased instantly, and hundreds of billions of Thai baht were dumped in an instant. At a price of 40.68 baht, the transaction amounted to 270 million US dollars. In just a moment, Sean was completely paralyzed, and the last bit of funds in his hands was exhausted.
If Lu Feng hadn't positioned himself at the 41st price level, the market would have collapsed completely. Hesitant retail investors would have rushed in instantly, creating an overwhelming situation.
"Hold on to 41!! 41 cannot be broken!!" Lu Feng roared into the landline: "Buy aggressively! Get back to 40!"
Inside the New York Stock Exchange, everyone's attention was focused on the Thai baht. The huge trading volume in a short period of time made many people feel the intense tension. Clearly, the two sides were going to decide a winner before the market closed today.
$150 million rushed into the market, swallowing up the resistance above and instantly pushing the price up to $40.16, sweeping away the previous downward trend and showing a rather reckless charge.
Inside the Quantum Fund trading room, Soros frowned as he observed this tactic. The manager beside him, drawing on years of experience, confidently declared, "The big players have changed!"
Soros began to feel uneasy. The price had been driven up to forty dollars, costing nearly two hundred million dollars. The new market maker seemed very confident. He turned to his assistant and said, "Ask the private equity firm how much capital they have left!"
As Lu Feng listened to Manager Li's report, it was already 2:40 a.m., with only 20 minutes left before the market closed. As prices rose, the two sides entered a war of attrition, with the trading volume per minute decreasing to only a few million.
Upon hearing the transaction volume, Lu Feng could easily guess that the people on the other end had made another phone call.
“Mr. Lu, we don’t know the exact amount of inventory the short sellers have. We can keep the price at forty yuan for now. We can get a lot done in a day,” Manager Li suggested.
Manager Li's suggestion is the safest approach. After all this fighting, the final result is a settlement. They should communicate privately by phone to find a point that both sides can accept, and directly exchange Thai baht for US dollars in a large transaction.
As for retail investors, let them trample each other.
"This result is hard for me to accept. Finding out their financial situation is simple! He likes to test things out, so I'll test them out too!" Lu Feng asked Manager Li, "How much capital do we have left?"
“A little over eight hundred million!” Manager Li replied.
"Put three hundred million on it!" Lu Feng said in a deep voice.
"Is the phone number displayed using the language of the trading board?" Manager Li asked.
"Using some cheap phone number? Who doesn't know who? Do you think this is speculative stock trading? Use the maximum trading volume to push it up, right at the third or fourth buy line," Lu Feng said to him.
In just over ten seconds, the total number of lots in the third and fourth buy positions reached more than 3,000 lots, with a total price exceeding 300 million!
Inside the New York Stock Exchange, traders exclaimed in surprise when they saw this buy order. This was a provocation! Who trades like this?
This is blatant mockery! I have plenty of money, so come and throw it if you dare!
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