At the Thai Foreign Exchange Bureau, everyone burst into laughter. Whether they won or lost was unknown, but this moment was exceptionally exhilarating. You wanted to throw money around, right? Here's 300 million baht. Take out 12 billion baht!
In Europe, Sean took a deep breath while looking at the market and said, "This isn't a trader's operation; this is definitely Lu Feng's operation!"
“This is a provocation. If the other party has a large amount of funds, they could be traded away instantly. The risk is very high!” the manager said from the side.
“You don’t understand this guy. He puts life and death aside and just wants to have fun first.” Sean thought for a moment and sighed. “At this point, everyone will definitely fight to the last penny. It’s good to have some fun.”
The traders at the private equity firm were furious. How could they not be angry at the market situation? They reported to their manager that the three hundred million yuan was right there. Whether or not they dared to sell it was a test of the short sellers. If they didn't dare to sell it, it meant they didn't have the money!
The phone started ringing again, and Robertson and Soros made a unanimous decision: smash it!
Amid gasps of astonishment, billions of Thai baht were dumped, and every single transaction was completed without a single withdrawal. The price then began to decline, heading once again towards the 41 baht mark!
"It's a deal! A sell order worth over 10 billion Thai baht!" Manager Li was so nervous that he could hardly speak.
Lu Feng's face darkened, and he instructed Manager Li, "Notify United Capital and Sun Hung Kai to prepare! All of the remaining 500 million yuan should be used to defend forty-one shares!"
With funds once again on the defensive, people around the world are watching their computers with bated breath, anticipating a financial battle that will go down in history.
Everyone is running low on cards, so how we play them in the next ten minutes is crucial!
Faced with this situation, Soros and Robertson disagreed. Soros believed that Lu Feng had run out of funds, while they still had 600 million Thai baht worth of cash left. If they were to be defeated, the money would be wiped out.
“I think this is a war of attrition. Where will they get so much money? You should think about this carefully. What is Lu Feng’s status in China? Is he really just a businessman?” Robertson said into the phone, “At this level, we can negotiate, otherwise we will suffer huge losses!”
"The most terrifying thing about financial trading is that it goes against human nature. You can't be afraid, or you'll scare yourself to death. Continuing to attack is the best defense. As soon as the 41 level is broken, a large number of institutions will definitely rush in to short it tomorrow. If we retreat now, no one will attack. I've told you before, this world belongs to the winners, and everyone will help the winners to become even bigger winners!" Soros said in a deep voice, "Attack! Devour it!"
There was no time for the two to argue about right and wrong. Just one minute later, 20 billion baht was thrown out, instantly consuming 500 million US dollars, and the baht plummeted again.
Inside the New York Stock Exchange, amidst gasps and incredulous stares, the Thai baht price plummeted from forty-one to fifty-nine in an instant—a precipitous drop, no exaggeration.
Traders from United Capital and Sun Hung Kai were more than 30 seconds slow, and countless retail investors flocked to the scene, becoming the second baton in the effort to suppress the Thai baht.
"What are they doing?" Lu Feng roared into the phone, "Are they dreaming? Manager Li, come downstairs and slap those traders twice!!"
During that instant of diving, Sean felt his heart stop, his vision went black, and he almost collapsed to the ground. The Thai Foreign Exchange Authority experienced a similar situation.
United Capital invested 200 million yuan, stabilizing the price at 59, and Lu Feng also made phone calls to both companies.
"Get back to 41! There's not much pressure above, get back to 41 within a minute!!" Lu Feng shouted into the phone.
After spending 150 million US dollars, the price of the Thai baht was driven up again. As the price rose, Soros realized that he had lost, and lost completely!
"Keep the remaining funds in place, put them on the third and fourth buy orders!" Lu Feng said in a deep voice.
“We can’t gauge the other party’s capital. We’ve already suffered losses the first two times. This reckless trading approach will lead to huge losses,” Su Yourong’s voice came through the phone.
“When two armies meet on a narrow road, the brave will prevail. Recklessness is also a strategy. If he takes 300 million, I'll take 500 million. If he takes 500 million, I'll take another 300 million. Listen to me, put it on the table!” Lu Feng said in a deep voice.
"I work in finance..."
"Put it up!!"
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