Chapter 22 Shorting Germany (2)
Looking at William's back walking out of the box, Contini complained to Antonio: "This agent has said a little more, and there seems to be a problem with the service attitude. Can you change it?"
Antonio shook his head: "This is an agent who has always been in contact with the family. Although he talks a lot, he is actually very nervous. I have investigated it. He has never disclosed client secrets to the public. The reason why he said so many things is actually just to remind us. Besides, he is good at abilities and loyalty. After the order you asked him to place, he is more superior than the commissioning conditions. It is very rare and valuable..."
"How do you say this?" Contini grew up in the era of electronic trading. He didn't understand the secrets of the artificial age, so he humbly asked for advice.
"For example, you just set the entrusted price of 4100, and he placed it at 4085, which was a 15-mark discount. If he was unscrupulous, he could collude with the other party's agent and place an order with 4100, but in fact he only collected 4085. He might not know that the difference between the two entrusted prices is the advantage of the difference between the two entrusted prices, and then share the spoils with each other - on the surface, they both strictly implemented the customer's entrustment."
Contini was shocked. It was really possible to eat the price difference, because the customer did not trade face to face and was born with opaque conditions. He hurriedly asked: "Many people do this? The exchange doesn't care?"
"Do not care about such things that are very harmful to goodwill? But discipline is one thing, reality is another. Things are very complicated, especially when the market is one-sided, it is not easy to find out." Antonio smiled, "The order just now was eliminated when it rose to 4,000. You only think that you are not lucky. Do you still care about whether it is short selling at 4,100 or short selling at 4,085? After all, no matter which price, all of them will be zero at 4,000."
Contini suddenly realized: "So that's it. It seems that you have more experience than me, otherwise..."
Antonio shook his head: "I know the operation details, but I may not understand the trend. The master said that you are fully responsible. I will not interfere. You can act according to your ideas. I will only intervene when I have to. But it is still early now. You have a 3 billion mark promissory note worth nearly 700,000 US dollars. You only used less than 6,000 US dollars, which is not even a fraction."
"In fact, it's more than 700,000, but 750,000." Contini smiled slightly, "I also brought another 50,000 US dollars in bank checks."
Antonio said strangely: "Where did this 50,000 come from?"
"I made more than 500,000 lira last time, and the principal was about 700,000 yuan. I left more than 100,000 yuan for the newspaper as funding, and the remaining 600,000 yuan was exchanged for 30,000 yuan, and the other 20,000 yuan was from Boji... He heard that I was going to Germany to engage in speculation, so I took 400,000 lira to join in the fun, and the total was exchanged for 50,000 yuan."
The newspaper "Youth Daily" is now a strange existence. It is under the Youth League. The specific staff and office staff are members of the alliance, but the maintenance of operations depends on other sources of funds. The rights, responsibilities and interests are very unclear. Contini knows this well, but it is really impossible to make it too clear now. Because the newspaper itself does not make money and still needs money to be used continuously. It is really a self-profit and loss-making operation organization that guarantees immediate losses and bankruptcy. Except for the economic independence, the newspaper has no independent personnel. In fact, there are no formal employees in the newspaper. Almost all the students of the alliance come to help voluntarily. 500 lira per month cannot be considered wages, and it is relatively small. Once the real entity operates, the people's hearts will be dispersed immediately - what kind of enterprise is an entity that cannot pay wages?
The reason why we are energetic now is that on the one hand, we all regard newspapers as our children, care for them, and grow together. Many people stay in newspapers except for studying. This atmosphere of joint struggle is stronger than any corporate spirit. On the other hand, the newspapers are currently political tools of the alliance, and they have no profit goals and only take it as their responsibility to spread voices. Therefore, writing articles is rarely disturbed and rarely has utilitarian ideas. Contini has prestige. Everyone treats him as a boss, but as a leader, and as a friend, and their goals are the same.
If Contini really treats the newspaper as his own industry, no one else will say anything - after all, Contini is all pulled from funds to personnel, but their mentality will change soon, so they must seek a proper way to deal with it. The best way is to become a real political entity, and newspapers are run by the alliance as the alliance's official newspaper. No one is the boss of the newspaper, but just serves the newspaper. In this way, there is a sense of ownership. If the newspaper can increase the allowance or pay, it will be more ideal. Of course, after the newspaper is truly nationalized and regularized, the situation will have to reconsider professionalization rather than part-time business work, so Contini has to give the newspaper enough money to strengthen it, and then consider regularization and entityization.
In a word, development is an urgent task, and norms are subsequent requirements. There is a time difference between the two, but they are indispensable - if only development is not standardized, they will definitely grow wildly, if only standardized, they will definitely be dead.
"It seems that Boji trusts you very much?"
"Because I made him make money... Last time he speculated, he took 300,000 lira from his family, but he earned nearly 200,000 yuan. He spent all the money, ate and drank, and bought a car, and had more than 400,000 yuan left. Gerandini was very satisfied. He waved his hand and gave Boji all the 300,000 yuan. The price was that before graduation, he would not ask his family for pocket money. After graduation, Boji would have to work, and there was no reason to ask him for pocket money... Of course, the director of the director would still arrange for the large expenses of marriage, property purchases, and Boji agreed when he was excited, and he was afraid that his father would regret it, so he established a document on the spot."
Antonio laughed: "Grandini bought out his son's pocket money with 300,000 lira, stopping the continuous blood loss, great clever!"
Poji only knew that Contini was going to Germany for inspection, but he didn't know that he was going to speculate. He thought he was going to do business or resell vehicles. The Ministry of Transportation knew that there was fuel and water, so he took out the money and let Contini look at the investment. It doesn't matter if he didn't make money, just don't lose money. Although Poji is often unreliable and can't change his style of playing dandy, he really has nothing to say to be a friend and can do nothing for you. When he thinks of Poji doing so many things for the newspaper, Contini naturally won't treat him badly.
Mark's price hovered around 4,000 for about an hour, but after one go, he broke through 4,000 and rushed straight to 3950. At the 3950 mark, Contini asked William to throw out 30 orders. Now he has a total of 500,000 US dollars worth of orders, but after the 3950 junction lasted for nearly 40 minutes, he continued to slowly and tenaciously pounce on 3920.
William looked at Contini with regret. The orders in the morning were almost $10,000 - equivalent to the salary of a German engineer for 20 years. I wonder why this young man can still laugh, and I hope he is not pretending to be calm.
"It's almost noon." Contini looked at the time and calmly ordered, "I'll open another 50 orders and hang 3920."
"Sir..." William couldn't help it anymore. Although his professional ethics could not be violated, he felt that he was despised and it was necessary to bite the bullet and remind him.
"I know what you think, but don't worry about me. My trump card is more than you think..." Contini smiled slightly and signaled Antonio to take out the bank notice from his briefcase. "This is a promissory note of 3 billion marks. Please enter the account and hedge it with the previous order!"
After a long time, it was a false alarm. The customer had a promissory note in his hand. The operation just now was actually just equivalent to a redemption, but he felt a little painful. If he didn't place an order at 4085, he could directly get a lot of dollars in exchange for it.
Antonio saw his thoughts and smiled and said, "This money was opened at the price of 4,500. It was originally intended to be exchanged directly for US dollars, but the bank said it was inconvenient and they had to take it back to the country to exchange it. We didn't waste so much time, so we came straight..."
William finally understood why Contini could laugh as if nothing had happened: If the bank had replaced it at 4,500, he would have lost 12% now, and he would have been able to wait until now, and at least 10% of the loss was reduced!
"The payment will be made normally after 3 working days. During this period, the funds can be used as a deposit. Please sign the letter of attorney. The bank will sign it in person later."
Contini nodded and pointed to the blackboard that marked the price on the market: "In the last few minutes before the closing, you go and place an order, and sell it for 3,900 yuan, 100 pieces!"
Chapter completed!