Now that things have come to this, there's no turning back for anyone. Arguing now is pointless. At this moment, there's no other option but to fight to the death.
Inside the trading room, the traders were nervously dealing with the situation. However, the market was quite tense today. Lu Feng's erosive tactics were making it difficult for the traders to cope. When they dumped shares, the other side would bite back, but the gradual resistance was also frustrating.
Robertson frowned as he looked at the market, thinking to himself that he couldn't follow Lu Feng's lead, otherwise the market would completely turn bullish.
"Let's get the price back to nine dollars first. He wants to hold onto nine dollars, right? Let him hold onto it!" Robertson ordered. "How much capital is needed to get it down to nine dollars?"
"Nine slots hold a billion!"
Smash it!
The next second, hundreds of billions of Hong Kong dollars were thrown out instantly, and the price, which was originally close to 8.7 dollars, was driven up to 9.1 dollars, creating a long green bar!
The position at number nine is a crucial defensive position for Lu Feng, as it holds 5 billion US dollars. It would be difficult to swallow it whole, and such a large sum of money would inevitably lead to a lack of follow-up strength, allowing Lu Feng to quickly reclaim it.
"HK$10.8 billion has been traded!" the trader shouted.
"Can't hold back anymore?" Lu Feng looked at the board and smiled, instructing, "Don't rush to attack, it's not the right time yet."
On the table inside the exchange were some documents, all collected from major banks, mainly the short selling balances of major banks, and how much Hong Kong dollars Wall Street held.
The information may not be accurate, but judging from various data, Lu Feng's funds are roughly equivalent to those on Wall Street.
Although the two sides appear evenly matched, Hong Kong recently adjusted the margin requirements for short selling. If a stock is bought at a low price and then rises by 15 points, the funds bought by Wall Street will be at risk of being liquidated and will have to increase the margin required by the bank.
What Lu Feng needs to do now is figure out how to dig a pit and bury them alive, so that at the close of trading, most of their positions will be at risk of being wiped out, forcing them to put up more cash to force a margin call!
The price range of nine to ten and a half dollars represents exactly fifteen points. Lu Feng must ensure that the majority of Wall Street's funds are traded at the ten and a half dollar level, and then pull the price back up to nine dollars.
On Wall Street, the heads of major funds have returned to the exchange to analyze the current situation. They believe that Lu Feng's main defensive position is the 9th share. As long as the price drops and forms a combined force, it will open a downward channel and become their defensive position for the 9th share.
The market remained tense for a full hour, with less than ten minutes left before the morning session closed. Everyone discussed whether to sell in the afternoon or at this moment.
Robertson has made a lot of money from Hong Kong dollars during this period. After buying and selling, he has nearly 30 billion Hong Kong dollars in Hong Kong dollar contracts, which is definitely a powerful weapon in the market.
To have to fight this kind of offensive and defensive war while holding a large army is a disgrace to him.
"Smash it down!"
Within seconds, HK$5 billion was traded, and the price of HK$9.03 was broken, heading straight for HK$9.50.
Seeing that the other party was actively selling, Lu Feng immediately instructed the trader: "Split into two groups, trade with your own counterparty, buy and sell your own products, then retreat!"
The dozen or so traders were divided into two groups: one group was responsible for placing buy orders for Hong Kong dollars, and the other group was responsible for selling Hong Kong dollars, trading from one hand to the other.
In an instant, the trading volume on the market increased, and it seemed that the bulls were being forced to retreat. In less than a minute, the price retreated to the ten-yuan mark.
"Team Leader Lu, why don't we just cancel our orders when we're trading against each other?" a trader asked, puzzled.
"Are you stupid? If you saw the order being cancelled on the trading screen, would you still have come in?" Lu Feng said irritably.
Inside the Goldman Sachs exchange, Soros noticed something amiss with the market and asked, "Who's dumping? Who's come in? Is it someone from the City?"
These words sounded somewhat encouraging, but everyone knew in their hearts that the people from the financial district wouldn't come. John had been ripped off and had already withdrawn at nine dollars, so his losses weren't too great.
As a seasoned trader, Soros is very familiar with this kind of market situation. Now there is only one possibility left: Lu Feng is buying and selling at the same time. Doing so will only have one result: digging a hole!
"Don't rush in, something's not right. We should go long on Hong Kong dollars now!" Soros warned.
Robertson didn't listen to any of that. He wanted nothing more than to smash Lu Feng to death. If you can kill someone with brute force, who cares about all the techniques?
"Break through the ten-dollar mark!" Robertson ordered.
The trading volume surged again, reaching tens of billions of Hong Kong dollars in just thirty seconds. If that amount of money were converted into paper currency, it could instantly kill an adult.
The ten-yuan mark was breached in less than a minute, with three large green lines appearing on the intraday chart, which looked alarming.
Meanwhile, major global financial institutions are watching the Hong Kong dollar closely. When they see the huge trading volume and the Hong Kong dollar plummeting, they are all amazed that Wall Street is still the world's most powerful financial street. This time, it has fallen below ten dollars, and it will be difficult to recover.
When John learned that the Hong Kong dollar had fallen below ten dollars, he thought for a moment and said that Lu Feng was a bit clever, but in the face of such a powerful opponent, he was just a little ant.
Within five minutes, the Hong Kong dollar plummeted to 10.05, and Lu Feng had already prepared an ambush there.
When a large amount of Hong Kong dollars were dumped, what came in the face was not a defense that would collapse at the first touch, but hundreds of millions of US dollars. The 'accomplice' that had suddenly appeared disappeared at this moment!
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