Chapter 54 Big Profits and Gifts
In fact, you can also speculate on 327 treasury futures in local securities companies in Yuncheng. However, Du Qiu had witnesses and participation in history in his heart, so he went to Pujiang and went to the Pujiang Hotel for nostalgia, because it was once a holy place for China's modern financial industry, and countless myths of getting rich overnight were staged. After the new exchange was built in 1997, the old exchange became a forgotten memory.
He had already set the price when he placed an order yesterday. Once the time came, the computer would automatically close the position and he didn't have to worry about trading. Therefore, he originally planned to play Xie An's high-walling house, smile at the coolness of the wind and the clouds, continue to go out shopping, taste delicious food, see the beauties, and experience the urban style of the 1990s that the combination of local and foreign countries and the intersection of China and the West, but after being disturbed by Wang Chang'an, he could not be free at all.
The next morning, just after 7 o'clock, Wang Chang'an, who hadn't slept much all night, woke Du Qiu up. After having breakfast randomly, he hurried to the stock exchange. When he arrived at the place, he found that at least hundreds of investors had gathered nearby, including men, women, young and old, and different heights, fat and thinness, but his expressions and moods were similar, and there was an anxious and tense atmosphere.
In 1995, the opening hours of securities markets in various parts of China were not uniform. The opening times of Beijing and Jiangcheng were at 9:30, and the openings of Pujiang was at 10:15. As soon as the opening of Beijing, the price of 327 treasury bonds rose by 2 yuan compared with the closing price of the previous trading day. After the news came, some people cheered, some cried bitterly, and Wang Changan was so anxious that he was stunned. One cigarette after another, almost becoming a human-shaped chimney.
Du Qiu and Wang Changan had an average relationship, but they had a deep relationship with Wang Guanjun. They couldn't watch something happen to his father, so they snatched the cigarette box and threw it away, comforting him: "Brother Wang, Wanguo is the leader of the securities industry, and Pujiang is their base camp. Since they have suppressed huge amounts of money to short, this place will definitely not rise like Beijing. You close the position as soon as the market opens later, and then switch to long, and you still have a chance to make a fortune."
Yesterday, the transaction price of 327 treasury futures was 148.17 yuan. For every 1 yuan change in the market price, Du Qiu and others will make a profit or lose about 27% of the principal. Now it has risen by 2 yuan. Wang Changan's 500,000 yuan lost almost 270,000 yuan. He jumped anxiously and said in a hoarse voice: "What else can you make money! Now it's over 150 yuan, and the room for further increase is very limited. Even if you turn to long, you can't make up for the loss!"
"Chang'an, in this situation, less loss means making a profit, don't think too much."
"Or why I might as well continue to short. Wanguo Securities has money. As long as they try their best, they might get the price down!"
You are seeking death...
Wanguo Securities is indeed very rich. In 1995, the total assets exceeded 6.5 billion yuan. It is indeed short selling, with millions of short orders in hand. However, the one who fought long with it was China Economic Development Corporation, whose full name is China Economic Trust Investment and Development Company. Its name is not only scary, but its background is also scary. It is the only trust investment institution who is solely owned by the Ministry of Finance. Every investor knows that the value preservation rate of 327 treasury bonds is decided by the Ministry of Finance...
"Brother Wang, you didn't listen to me yesterday, but you lost money. You don't listen to me now. Do you want to lose money?"
Du Qiu's words dispelled Wang Changan's desperate struggle. As soon as the market opened at 10:15, he immediately hurriedly closed his position and then changed to long. The fact is just as Du Qiu had just expected, the 327 treasury bond futures on Pujiang only rose by 1.29 yuan, not as much as the capital. Wang Changan's loss dropped from 270,000 to about 170,000 yuan, and lost nearly 100,000 yuan less.
After more than ten minutes, the transaction price of Treasury bond futures rose from 149.50 to more than 150 yuan, which caused Wang Changan to lose 40,000 less. He finally recovered a little bit of energy, slapped himself hard, and scolded: "What a pig's brain! The true God of Wealth is right in front of him and he insisted on believing in the fake God of Wealth on the roadside!"
At this time, Lin Dawei's 120,000 capital had already made more than 60,000 yuan in profits. He felt very satisfied and suggested: "Aqiu, the price we set yesterday was a bit high, why don't you just stop now."
"Wait a little longer, the bulls are now full of momentum, and the bears suffer heavy losses. When the market is closed at noon, there may be big bears unable to stand it. They close the position and stop the loss like Brother Wang, and then go long. There may be a wave of increase at that time."
When the Pujiang Stock Exchange was closed for rest at noon, Du Qiu asked Lin Dawei to accompany Wang Chang'an, and with the camera he brought from his home, he ran to the headquarters of Wanguo Securities and the Pujiang branch of Zhongjing Development and took a few photos as a commemoration.
The headquarters of Wanguo Securities is located in the Paramount Hotel, magnificent, with various luxury cars parked outside. The headquarters of Zhongjing Development Development is in Beijing. The Pujiang branch is just a two-story building, and it is full of bicycles. It looks like a farmer's market. One is rich and the other is hidden. In contrast, the 327 treasury bond incident on February 23, which is destined to be recorded in the history of China's financial affairs, has a lot of meaning to meet the second generation of high-profile rich and low-key official second generations meet on a narrow road, and fight.
After the stock exchange opened again at 1 pm, the situation suddenly changed. The 327 Treasury bond futures price surged by nearly 2 yuan within one minute, and ten minutes later it rose to 151.98 yuan. This was the closing price set by Du Qiu yesterday. The computer automatically issued the order and the transaction was completed soon. This time, Wang Changan no longer dared to wait and see and hurriedly closed the position together.
"Okay, let's finish the work, settle the transaction fees and commissions, and then go home and return home in glory."
"We are trains at 6 o'clock in the evening. The exchange is closed at 4:30. Now it is only open for more than ten minutes, and there are more than 3 hours of trading time. Don't you look at it anymore?" Wang Changan not only did not lose money at this time, but also made about 40,000 yuan. He was originally as sad as a silly heart and began to lively again. He suggested: "The price is too exaggerated now. Maybe it will fall sharply. Why don't we try shorting?"
Shorting can indeed make tens of thousands more, but the 327 treasury bond incident is very deep. Du Qiu has made a lot of money today and his performance is also amazing. If he continues to make trouble, he will easily get flirted. So he said, "If you want to short, you should do it. My brother-in-law and I will go back to the hotel first."
"Then forget it." Wang Changan was so scared that he didn't dare to take risks anymore, but he was reluctant to leave. He stood there and observed the numbers that kept beating on the electronic display screen. After looking at it for a few minutes, he saw that he could not reach the psychological threshold of 152 yuan. He asked curiously: "Du Qiu, how did you know that 151.98 is the high position?"
"I don't know, I just think this number is auspicious, 15198, and if I want to post it for a long time, it's the same as the 17800 in the Nikkei index last time, so I set this price."
Although superstitious things like homophonic are very nonsense, they are sometimes very convincing, especially in the securities market where numbers are dealing with every day. After hearing this, Wang Changan looked clear and thought he had learned some great investment secrets, and praised: "I will do this in the future, and I will stop every 8."
"It's not about 8, but about 8, but about 8! Brother Wang, I don't think you have much investment talent, so it's better to make less trouble in the future."
"Aqiu is right. Chang'an, you have good work benefits. It's easy to spend more than 100,000 yuan a year. It's better to go to work honestly. Don't always think about getting rich overnight."
"If I don't do it in the future, it's so fucking boring! The more I want to be rich, the more I can't be rich. Instead, you don't want to be rich, you will be rich. After drinking the soup twice with Du Qiu, I made a total of 270,000 or 80,000..."
Du Qiudong pieced together 305,000 yuan to Pujiang. Yesterday, he bought 327 treasury futures at 148.17 yuan. Today, he sold it at 151.98 yuan, with a difference of 3.82 yuan. After removing the costs such as transaction fees and commissions, he just doubled and made a profit of about 305,000 yuan. After paying off the 80,000 yuan mortgaged by his parents and Accord at 10% interest, he still had about 330,000 yuan left. Finally, he had the first pot of gold he fought in the business world and could do whatever he wanted.
Lin Dawei and Du Qiu were about the same profit as their principal. Only Wang Changan was the most unlucky, bringing the most money but earning the least. On the train back, he was upset about his stupidity and complimenting Du Qiu's eyes. He looked like he was still unlucky and continued to dream of getting rich overnight.
The three arrived in Yuncheng around 12:30 pm. Before parting at the train station, Lin Dawei handed over the toys and clothes he bought for Lin Jinyan to Du Qiu, and then mentioned the old story again and said, "You have money now, you can buy a new imported car. I will give Wang Yong the 80,000 yuan."
"Brother-in-law, I'm going to the United States next month. The money may not be enough now. Otherwise, you lend me your spare money for a month or two and drive the car away directly, just treat it as collateral. I will pay back Wang Yong's money after I come back from the United States."
"This is a second mortgage loan fraud." Lin Dawei joked with a smile, and then said readily: "You don't have to rush to repay the 100,000 last time. I will lend you 100,000 yuan for what I earn today. It should be enough, right? If it is not enough, I will help you collect some."
“It’s almost enough.”
When Du Qiu went to Pujiang, he only brought a shaggy backpack. When he came back, he not only had a bulging backpack, but also had seven or eight shopping bags in his hand. He was full of loads. When he arrived home, he saw Du Chunhua wrapped in a quilt, sitting half-lying on the sofa, waiting for him while wearing a sweater.
"Sister, why don't you go to the bedroom to sleep?"
"I'm afraid that you will wake up Jinyan when you come back." Du Chunhua looked at him a few times, then said with a smile: "Looking at your big shopping experience, you should have made a good harvest in Pujiang, how many tens of thousands have you earned?"
Du Qiu put the bag in his right hand on the dining table and then put three fingers on it.
"Thirty thousand? That's not bad." Du Chunhua had no idea about the huge profits of financial speculation, so he didn't take it seriously and ordered: "It's cold outside at night, and there is old duck soup stewed in the kitchen. Go and drink some to warm up your body."
Before going to the kitchen, Du Qiu took out a box from his backpack, threw it at him casually, and said, "Sister, I'll give you a gift."
Du Chunhua picked it up from the quilt and found that it was an Omega women's watch. It was beautifully packaged, elegantly shaped, exquisitely made, and complete certificates. It was definitely not a fake on the street stall. She was shocked and didn't bother to wake Lin Jinyan up and asked loudly in the kitchen: "Brother, why did you buy this? How much did it cost?"
“This is the cheapest style, not much.”
"This is a luxury product, and the cheapest one costs tens of thousands, right? Take it and return it quickly."
"Sister, you are not the teacher of the Youth Palace now, but the general manager of our company. It is very important to have a better watch." Du Qiu walked out with a bowl of soup, raised three fingers and shook it, showing off: "I made not 30,000 today, but 300,000 yuan. If you don't buy a better gift for you, wouldn't you be sorry for the 80,000 yuan you have worked hard to save for several years?"
Du Chunhua was shocked by the numbers, habitually raised his palm, knocked it on his forehead, and knocked it for more than a dozen times, then asked in surprise: "Is Treasury bonds really so easy to make?"
Concealing actions will destroy trust, but the concealment process will not, because there are countless reasons to explain. Du Qiu pretended to be scared with his poor acting skills and said, "I was really lucky this time. I thought I was a sure profit, but after investing the money, I realized that I had thought wrong before. Treasury bonds and treasury futures are not the same thing. I made money, but many people lost money. It is said that some people lost millions in a few minutes. Even giants like Wanguo Securities lost more than one billion and were going bankrupt."
Du Chunhua was startled and was about to smash Du Qiu with the box on his watch, but he was afraid of smashing the valuable watch, so he gritted his teeth and said fiercely: "Don't think that I will let you go if I give you a gift. If I dare to trade stocks next time, I will break your leg!"
"I will never dare to do it again."
"It's best if you don't dare. After drinking the soup, go to bed quickly. The company will be officially registered tomorrow, and then move to a new office. There are a lot of things to be busy with, and you have to be a coolie."
"As the Queen Mother's instructions."
Chapter completed!