Su Yourong couldn't argue with Lu Feng, so she had no choice but to order all the funds to be placed. Zhenkun also listened to Lu Feng and placed all his funds on the third and fourth bets.
Provocation! A blatant and persistent provocation!
Inside the New York Stock Exchange, a chorus of curses erupted as everyone berated the market maker for being brainless and playing such a childish game. Those who had rushed in earlier were now hurling insults, arguing that if the market maker had money, why let it go down?
Isn't this a deliberate attempt to trap people?
For a time, many people at the scene were saying that the buyer and seller were in cahoots, and their purpose was to trap retail investors.
Where do you play like this?
With seven minutes left before the market closed, every second was agonizing for Wall Street. Soros was out of money, and what was even more terrifying than the lack of Thai baht was that confidence had been destroyed.
No one knows how many hundreds of millions of dollars Lu Feng can still pull out and have there. At this moment, both fund companies feel that Lu Feng is a bottomless pit that can never be filled.
They spent hundreds of millions, and then displayed hundreds of millions more.
The sense of defeat that Robertson felt had already spread to Soros's mind. Trading goes against human nature; it's a constant challenge to your psychological defenses. When your mind collapses, your opponent can take everything away.
If Soros were to try to acquire a few hundred million Thai baht tomorrow, it wouldn't be particularly difficult, but he has lost confidence in making the deal.
"Call Lu Feng!" Soros said, his hand resting on the table, his eyes closed, his voice low and deep.
The call was dialed, and when Lu Feng heard the phone ring, his tense heart suddenly relaxed a little. He waited a full ten seconds before answering the phone and saying, "Who is this?"
"Mr. Lu, it's me!" came the voice on the other end of the phone. "First, I apologize for my rashness. As for our original agreement, we won't compete on the trading board. Let's talk privately, okay?"
"Hehehehe!"
Lu Feng chuckled and said, "Sorry, I don't accept surrender!"
“I’m not calling to surrender, but for the sake of the bigger picture. I’m telling you, this matter cannot be escalated. You should understand that. Can you represent Thailand? Can you accept the consequences of how things develop?” Soros bluffed.
Lu Feng smiled without saying a word when he heard these words. If it were an ordinary person, they would definitely be fooled by him. But he was not easily intimidated. You like to bring up the background so much, as if everyone has one.
"Consequences? What consequences? You still have Thai baht?" Lu Feng asked in a deep voice.
“You really underestimate me. If I wanted to, Thai baht would keep pouring in. You should know that the Federal Reserve has a lot of Thai baht in reserves,” Soros said.
“Really? Then let me tell you, the People’s Bank of China also has a lot of US dollars in reserves!” Lu Feng said in a deep voice.
The person on the other end of the phone was clearly stunned. Lu Feng didn't give him a chance to say anything more and hung up the phone directly. This time, the truth was completely revealed: they really had no money.
"Is the transaction over?" Lu Feng asked into the landline.
“Three minutes left!” Su Yourong replied.
"Now, let the Thai baht return to thirty! First, break down the psychological defenses of retail investors and small institutions. They have no resistance at this moment, so let it rise straight up!" Lu Feng said into the phone.
With just over two minutes left before the close, the previously quiet market became restless again. A large number of buy orders appeared, drawing a long straight line under the watchful eyes of the NYSE, instantly generating $60 million in transactions and pushing the price to the $30 mark.
The sight of this long straight line caused many people at the scene to break down, and the price remaining at thirty yuan was even more despairing.
As the last second ticked away, a chorus of sighs echoed through the New York Stock Exchange, and dejection was written on everyone's face.
However, everyone was thinking that it would fall down tomorrow, since their contracts still had half a month to expire, and it would definitely fall down then.
It was over. Lu Feng let out a long sigh of relief and slumped back in his chair. He had been under immense mental tension for the past few hours of trading. Any moment of lapse in concentration could have been a fatal blow from his opponent.
Lu Feng heard applause coming from several phone calls. Everyone was very satisfied with Lu Feng's performance tonight. At the price of thirty yuan, Soros had no follow-up shorting power and had basically crushed the short sellers.
At 4 a.m. in Thailand, the central bank announced that it would raise the deposit interest rate to 11 percent effective immediately. Compared with other Asian countries, this deposit interest rate is not considered high. At the end of 1996, the deposit interest rate in Chinese banks was around 10 percent.
However, as a leading economic power in Asia, this interest rate is already quite attractive to international capital.
Lu Feng made phone calls to all parties, and by the time they finished, the sky was already beginning to lighten. Before he knew it, a night had passed.
Lu Feng stood up, stretched, lit a cigarette, and prepared to go back to his bedroom to rest when his phone suddenly rang. He answered, "Who is it?"
"Lu Feng, someone's suing you. You'd better watch what you say in the future, so they don't find any dirt on you and make it seem like we're secretly standing up for someone." The voice on the other end of the phone was a little deep.
"Are you from the foreign affairs department?" Lu Feng guessed.
"What do you think? They called overnight to inquire, saying they'd mobilize the national treasury to send you to take the lead."
"He mentioned the Federal Reserve first, so I certainly can't back down," Lu Feng laughed and said, "Is it anything serious?"
"No, given the current international situation, this isn't even a big deal. Tonight you..."
Lu Feng briefly explained the situation. After hanging up the phone, it was almost six in the morning. His aunt had already woken up and was cooking. Lu Feng went downstairs, and his aunt, seeing that he hadn't slept all night, gave him a good talking-to. She told him to go to school by himself after breakfast, while Lu Feng lay down to rest.
This chapter is not finished yet. Please click on the next page to continue reading the exciting content!
Continue read on readnovelmtl.com
