At the Goldman Sachs trading center, everyone's eyes were glued to the large display screen. Funds were flowing out second by second, but the opposing positions remained strong, which made many people uneasy.
Soros stared at the buy orders on the screen, feeling somewhat desperate. The fact that Lu Feng dared to trade so aggressively at the eight-yuan mark was enough to show that their funds were definitely more than those on the other side.
At the HK$8 price point, you'll need to pay 10% more for the same amount compared to HK$9. If both parties have roughly the same amount of money, the best place to trade is at the HK$11 price point, as this will allow you to buy the most Hong Kong dollars.
"Large volume! Throw out 10 billion!" Robertson's voice was somewhat hysterical. At this moment, he wished he could just smash Lu Feng to death to prove that he was right.
Billions of Hong Kong dollars were quickly dumped, and the bulls, who had been advancing with their heads held high, were swiftly dealt a devastating blow, causing the K-line to turn downwards rapidly.
Seeing the short positions being opened one after another, Lu Feng knew in his heart that this was their last blow, and they had to completely break through their will to resist at this moment.
"Don't add more buy orders, give room for the price to rise. The lending team should prepare." Lu Feng's hands had already left the keyboard as he addressed the group: "Prepare for a counterattack around ten yuan. Everyone, pay attention to the rhythm. Place buy orders frequently in the top five positions to avoid being broken through!"
"Loan funds must be provided steadily to avoid any gaps. If any unexpected situations arise, cancel the loan immediately. Everyone be prepared!"
The sell orders kept pushing the price down, all the way from eight yuan to nine yuan, and it was still falling. The trading volume was sluggish, as if the buyers had run out of fuel.
Inside the Goldman Sachs trading center, long-lost smiles appeared on everyone's faces. The bulls had been completely suppressed, and the low-volume decline was, in their eyes, a sign that Lu Feng was exhausted.
Applause erupted in the room, and even Soros became optimistic, saying, "It seems we overestimated Lu Feng's financial resources."
The exchange rate continued to fall, hurtling towards ten dollars. In the European financial district, many people sighed at the situation. Lu Feng, despite his insufficient funds, dared to make such a high-risk, high-reward move. Now that his funds were exhausted, he would face a fate of twenty Hong Kong dollars.
Some people are already regretting not rushing in earlier; if there's a sharp drop, they could have doubled their profits.
"Go for it! Break through twelve points directly, and then it'll be smooth sailing!" Robertson became excited, unable to contain his smile. "Winning him a dollar is a sure win!"
Inside the exchange, Lu Feng stared at the intraday chart on the large screen. The bears were relentlessly charging through the market. When the bears touched the ten-yuan mark, Lu Feng said in a deep voice, "Eat them up! Fund team, follow up!"
The next second, the skyrocketing short sellers crashed into an impenetrable wall. Hundreds of millions of dollars appeared out of nowhere, swallowing up the funds in front of them, and then chased after them relentlessly.
Lu Feng stared at the screen, frantically placing orders. He put up a buy order for 6,000 lots at the 9.5 yuan mark. Other groups were actively buying in with smaller orders. The market didn't seem to have much trading activity; it was all driven by active buying.
The sudden turn of events left everyone in front of their computers somewhat taken aback. The Goldman Sachs trading center staff were a little flustered, but Robertson, trying to remain calm, addressed them, "Don't panic. There aren't any major last-minute orders. This is their last bit of capital. How many Hong Kong dollars do we have left?"
“Four hundred and eighty billion in short positions!” a manager replied.
"Throw out 10 billion, and it'll come back to 10 dollars!" Robertson ordered.
At this moment, everyone's palms were sweating. No one knew why such a fierce resistance had suddenly erupted. Could the remaining tens of billions of short positions really crush the long side in the next hour?
Soros stood there silently, a vague unease creeping into his heart that he was trying to shake off, but the feeling wouldn't go away.
Ten billion Hong Kong dollars were dumped and were completely absorbed in less than five minutes. The bulls continued to push the price up, forcing Robertson to order more dumping.
"Two hundred billion!!"
This time, they only had less than 20 billion Hong Kong dollars left. This amount of money seemed insignificant in the face of the crazy market. But even if there was only a faint glimmer of hope, they would fight for it and use their last dollar to defeat Lu Feng!
Because he bought a lot of Hong Kong dollars at high prices, Lu Feng now has several hundred million less money than Robertson. But that doesn't matter. The next step is to win people's hearts!
"Take the initiative! The lending team is ready, with 5 billion yuan prepared!"
"three!"
"two!"
"one!!"
Half of the HK$20 billion that was thrown out in an instant was absorbed, and suddenly US$5 billion surged into the buy orders and hovered below. This sudden influx of funds was like a heavy hammer, striking everyone's hearts.
In an instant, everyone's heart clenched, and the traders' hands froze for a moment. How were they going to fill the 5 billion yuan deficit?
"Don't panic, keep selling. This money can't stop the selling pressure!" Robertson's voice trembled slightly.
The buying continued, and HK$20 billion was swept away. Then another HK$10 billion was dumped. Robertson knew this might be the most desperate move, but even so, he still had to take a gamble.
As sell orders appeared, the leaders behind the glass windows of the exchange could no longer sit still. They all stood up and stared at the display screen with furrowed brows. Both sides had reached their limits and could activate the emergency plan at any moment.
"The lending group will increase its funds by 10 billion!" Lu Feng said in a deep voice.
This chapter is not finished yet. Please click on the next page to continue reading the exciting content!
Continue read on readnovelmtl.com
