Chapter 902: Massive Attack

"Everyone is ready, let's start action today!" Feng Yu slapped his hands to attract the attention of those managers.

Everyone's expression turned cold, knowing that a big move was about to start. Although they were also selling Thai baht before, the funds used were not too much. It can be said that whether it is Feng Yu or Soros, they all hope that the other party will benefit and earn more.

And yesterday, Soros had a phone call with Feng Yu. The two agreed on the phone to establish a large number of spot and forward foreign exchange trading positions at the same time, and then began to frantically borrow Thai baht and sell it to destroy the Thai baht in one fell swoop!

Long before the action, Feng Yu had already borrowed up to ten billion US dollars in forward Thai baht contracts, but the scale of the sell-off has never been particularly large.

Mainly in the stock market, through continuous borrowing and selling of stocks, it suppressed Thailand's stock market. Of course, although he lost a lot on the surface, the stock index has been falling, and he can make money by selling short stock index futures.

And stock index futures are the same as futures, you can place an order with a 10% margin, and even in some financial companies, a 5% margin is enough.

With such a high leverage, if you make money, you can make a lot of money, but if you lose money, the margin may be easily swallowed up, and the position will be forced to close.

There are fifteen local banks in Thailand with offshore financial services. Feng Yu began to arrange for people to borrow a large amount of Thai baht from these banks, and their spot and forward foreign exchange positions were established through foreign banks.

The foreign exchange market is the same as stocks, if you sell more and buy less, the price will fall. At the same time, Feng Yu and Soros began to concentrate their time and shorted a large number of Thai baht. The spot exchange rate of Thai baht began to fall.

Kirilenko looked at the computer screen excitedly: "Feng, is it because the Thai baht fell that we started to make money?"

"Of course, but the money now is nothing at all. We started to build positions at 24:1, and now it is only 25.3:1, so we can make more money."

"Isn't there leverage?"

"If there is leverage, let it be ten times better. 1 dollar earns 1.3 baht, ten times the leverage, that is to earn 13 baht, our profit is only more than 50%. You know we sell baht in the spot market, so How many days, how much did you lose?"

"So the baht has to continue to fall, so we can make money?"

"Well, don't worry, I think the day after tomorrow will drop to 27:1 at the latest, and then we will stop." Feng Yu said with a smile.

"Stop? Why should you stop? Shouldn't you continue to sell Thai baht,

Let it fall? If this does not fall, how can we make money? "

"Do you think the Thai government is a fool? They will definitely intervene, otherwise inflation will occur in Thailand."

Inflation is already showing signs. Thailand has also responded. For example, they issued 100 billion baht bonds in anticipation of supporting the financial system. The real estate reserve has increased from 100% to 120%. Financial institutions drew an additional 50 billion baht as reserves.

In other words, there are more and more Thai baht in the foreign exchange market, but the demand is not so great. What everyone needs is US dollars. If a country has too much currency, inflation will inevitably occur.

"How did they intervene?" Kirilenko asked.

"Operate in reverse. If you buy more, the price will rise. The Thai government still has a lot of foreign exchange reserves. Didn't they come here just once last month? According to our analysis, it should be used. Foreign exchange reserves of about two billion U.S. dollars were used to intervene in the exchange rate.”

"Okay, you can't understand even if I explain to you a lot. It's troublesome to translate this professional vocabulary into Russian. Guangwei, Weizi, take Brother Ji to Lisboa to play, remember, don't play too much Great, just take it when you see it."

Fu Guangwei originally wanted to ask Feng Yu to go to Lisboa to play. In Xiangjiang, many people like to go to Lisboa to play a few games. Sometimes they just live there on weekends. After winning money, they start to enjoy themselves crazily. It is said that There are more beauties in Lisboa than in Xiangjiang. There are women from all over the world with all kinds of skin colors, which are very suitable for old drivers like Kirilenko.

"You don't want to go, can someone watch over here?" Kirilenko asked.

"If I don't keep an eye on them, they don't know when to stop. It's really against the Thai government. That bastard Soros will definitely let us be the main force, and then they will follow suit."

Feng Yu is well aware that in his previous life, the Thai government and the Malaysian government jointly dealt Soros a head-on blow, causing Soros and the others to lose more than 300 million U.S. dollars that day, and the delivery of the stock index futures contract did not make up for it. .

Although there will be changes in this life, such as the addition of Feng Yu and Kirilenko, Feng Yu still wants to repeat the plot of the previous life and ask Soros to mobilize all the prepared funds. Specific strength!

Now Soros wants Feng Yu to sell more baht, and Feng Yu wants Soros to sell more baht, whoever sells more will lose more for the time being. In the end, everyone makes money alike.

Feng Yu just wants to bet that Soros will not be able to bear it. After all, Soros's money is not all his own, but also some investors. Soros can stand it, but those investors may not be able to stand it.

Not every investor believes in Soros like Kirilenko believes in Feng Yu.

Although Kirilenko would come every day to pretend to understand the situation, but Feng Yu operated as he said, and Kirilenko never objected.

I don't know if it's because the two people's money is handled in the same way, or because Kirilenko just trusts Feng Yu.

"Okay, everyone can leave work after writing the diary. Remember, everyone will send the market analysis to my mailbox."

After get off work, Feng Yu moved his body a bit. He hadn't sat in front of the computer like this for a long time. Although it was hard work, he was very excited.

It has been a long time since something has excited him so much. Earning 10.8 billion dollars a year is a normal profit for Feng Yu. How much can he earn if only the stocks of Microsoft and Yahoo go up.

And this time, it is an excellent opportunity for him to understand Soros's operating methods and Quantum Fund's operating methods. Of course, it is also a good opportunity for him to make money.

It's just that the selling like this today didn't seem to have much effect. After selling so many baht, it only suppressed the exchange rate a little bit.

The next day, Feng Yu saw Soros' backhand. Soros let people release the news internationally that the Thai government was about to go bankrupt because a lot of foreign debts owed by the Thai government were about to expire. The Thai baht will depreciate sharply, calling on everyone to exchange Thai baht for US dollars.

The news quickly spread to Thailand, and the exchange rate of the Thai baht fell again, and this time, the drop was larger than usual, and it had already fallen below the fluctuation range stipulated by the Bank of Thailand. The market panicked!

...

Book friend group, May 20, 98, 468, welcome to join the group (To be continued.)