Three Hundred and Sixtieth Chapters Go Back to Heal
"Of course the international oil price has skyrocketed," Chris replied without hesitation. "That's your final guess, Eric, but it's impossible. Do you know what Iraq's invasion of Kuwait means? These two The country's proven oil reserves account for one-fifth of the world's known oil reserves. Once Iraq annexes Kuwait, Saddam can arbitrarily manipulate international oil prices, which is tantamount to pushing himself into the position of a public enemy. Will agree. Even if he's a lunatic, he can't do it."
"Since everyone thinks so, I want to take a gamble, I bet that war will break out in the Middle East in three months, Chris, if you don't want to help me, I will just take the money and go to the New York Mercantile Exchange. Now that the account is opened, you won't just watch me as a layman and get scammed, right?" At the end, Eric played the emotional card.
Hearing Eric's playful tone, Chris couldn't help laughing and laughing: "Eric, your net worth has reached a billion dollars now, you can already buy everything you want, is it necessary to take such a risk? You just Saying that you have to withdraw the liquidity of all the companies under your hand, once the money is lost, it will be a big trouble. The incident just happened at the beginning of the year, if the seven major film companies knew that the liquidity of Firefly was exhausted, it would definitely be Will not hesitate to fall into the trap again, the mall is cruel, don't expect kindness from other people."
Eric said confidently: "Why not think in a good direction, in case I bet right?"
Chris smiled and softly persuaded with a pen in his hand: "Eric, why don't you calm down for two days. Play in New York. Or go on vacation?"
"Chris. I'm calm, I've decided, if you don't agree, I'll go to the futures brokerage company to do it myself," Eric got up.
Seeing that Eric was not cheating, Chris waved his hand helplessly and said, "Okay, okay, I promise you, you sit down first."
The two discussed some details. Chris called the company's financial manager: "Eric, go through the transfer procedures with Weber first, and I'll find you later."
After Eric left with the company's financial manager, Chris picked up the phone in front of him and dialed Jeffrey's number: "Dad, did he tell you about Eric?"
After a few words on the other end of the phone, Chris said again: "It seems that Eric didn't tell you about this, but it was unclear on the phone. I think you should come to New York, Eric. He's… a little hotheaded. I can't persuade him."
After a few quick words, Chris quickly hung up and walked out of the office.
...
Alyssa Brighton couldn't help but glance at the three people sitting in the living room again.
This is Eric's second day in New York. After filming "Instinct", Jeffrey went back to Maryland to take a break from the farm he bought earlier. In less than a week, the old man lost his life because of his son's A phone call hurried to New York.
At this point, the three of them were silent. Jeffrey had been persuading him for an hour before, but Eric never let go. Chris was a little embarrassed by the scene, and suddenly opened his mouth and said to his girlfriend in the kitchen, "Ai Li, is dinner ready?"
"Well, it's done," Alicia replied quickly.
"Should we eat first?" Chris asked tentatively.
Eric had no intention of arguing with Jeffrey, and said with a smile: "Jeffrey, eat first, and then persuade you to stop going hungry after eating."
The old man snorted with a stinky face, got up and walked towards the restaurant on his own, Eric shrugged at Chris, and Chris sighed helplessly.
Alyssa Brighton was originally a very talkative girl. At other times, she must have been looking for a topic or two to stir up the atmosphere at the dinner table, but at this time, the girl was also sitting quietly in the gram. Beside Reese, eating dinner without saying a word.
After eating dinner in silence for a while, Jeffrey finally said in a gentle tone: "Eric, this matter can't be kept secret, you want to fry that... oil futures, you can, but you can't hold all the money. If you go in, you can’t use loans to speculate, if others know that you have lost all your money, they will definitely take the opportunity to pinch the firefly’s neck.”
"Jeffrey, why can't you think in a good place, what if you make a profit?"
"How can there be such a good thing, this is Wall Street, not Hollywood, we are all laymen."
Chris interjected at the right time: "Yes, Eric, Wall Street is the domain of financial predators, and futures are actually a two-way gambling contract. If you make money, it actually means that others lose money, and the more you make, the more money you make. The more money others lose, the more others will lose. Do you think your opponents will be willing to do so? When I was working at Morgan Stanley, I saw with my own eyes that these big investors acted in their own interests and manipulated the financial market. Don’t say anything. (The Securities and Exchange Commission), even with these giant crocodiles.”
"We have a small market of 200 million US dollars. Those big investment banks can't target us, right?" Eric shrugged and said easily, what's more, once the Middle East fights and the price of crude oil soars, any tricks of the financial giants will Under this general trend, there is only the share of being swept away by the big waves.
Geoffrey and his son looked at each other and became quiet again. Eric didn't want to continue to struggle with this issue. He looked at Alisha Brighton who was sitting next to Chris. He remembered that on Thanksgiving last year, the couple still It was awkward, but now it seems to be reconciled.
"Ellie, is your clothing company listed? I remember saying this on Thanksgiving last year?"
Alisha glanced at her boyfriend beside her resentfully and shook her head: "There will be no drama in three years."
"It's okay, when I make money this time, I can invest if you want," Eric said with a smile.
Alyssa smiled and said okay, she didn't take it seriously. She has been with Chris for a long time, and the girl also knows how risky the futures market is. How much money an investor like Eric puts in can be completely It's good to take it out, and the chances of making money are slim.
"Eric, where do you live now?" Jeffrey asked again.
"I booked a suite at Sixty Soho Hotel on Sixth Avenue, and planned to stay there for a while."
Geoffrey didn't know where Sixth Avenue was. Glancing at his son, Chris explained, "Sixth Avenue is very close to the New York Mercantile Exchange."
Jeffrey sighed, Eric even considered this detail, it seems that there is no room for manoeuvre in this matter: "Chris, during this time, you should put aside the investment company and focus on helping Eric. K, try your best to…”
"I understand, Dad," Chris nodded.
In the next few days, Chris began to help Eric to hire a trader to handle the account opening. Jeffrey also stayed with the two young people all day long. Of course, during the period, there was inevitably a dispute, mainly about the proportion of futures margin. .
Eric wants the margin ratio to be 5%, which is 20 times the leverage, so that the capital of 200 million US dollars can be enlarged to 4 billion, but Chris and Jeffrey agreed that five times the leverage and 20% margin should be used. .
Eric knew that the father and son were thinking of themselves, and they did not fight. They argued all morning. In the end, both sides took a step back, with a 10% margin and ten times the leverage.
Entering July, crude oil prices in the futures market rose again, approaching a high of $19 per barrel.
Eric and Chris hastily formed the futures trading team also began to enter the market.
Due to the situation in the Middle East, a large number of speculators have entered the crude oil futures market. On the New York Mercantile Exchange alone, the daily trading volume of crude oil futures has exceeded 100,000 lots (1,000 barrels per lot of crude oil futures on the New York Mercantile Exchange). $2 billion.
With the current situation in the Middle East, many people are betting that some hope that the price of crude oil will fall back to the level of $14 a few months ago, and of course some people judge that the price of crude oil will continue to climb.
Therefore, Eric, a bullish and long team, does not seem too conspicuous. However, in order to try not to attract too many people's attention, Chris will control the daily trading volume to about 10 million US dollars. According to this progress, it is enough The $200 million in funding was spent in full by August, and Eric made no objection.
As Chris said before, after the price of crude oil climbed to $19, it stopped rising sharply, but began to fluctuate between $18 and $20. Jeffrey was more worried than two young people every day, although The delivery date of the futures contracts purchased by Eric is after October, but the profit and loss of futures trading is settled daily. After the market closes every day, Jeffrey will hold a calculator and calculate against the futures contract to make another profit today. How much, how much is lost.
Worrying that the old man would cause a heart attack, Eric and Chris persuaded Jeffrey to go back to the Maryland farm more than once, but all methods were exhausted to no avail.
After another busy day, Eric returned to the hotel where he lived. After taking a shower, he was about to make a few phone calls back to Los Angeles when he heard the doorbell. Although he knew that there were a lot of people in New York, he lived there. Not many people know the address of the hotel.
He opened the door curiously, and a small soft body jumped up and threw himself on Eric, wrapping around Eric's waist like a koala, touching, kissing and rubbing for a while.
This situation was really risqué, Eric hurriedly returned to the room and closed the door, and then he pumped twice on Drew's little butt in hot pants, and asked dotingly: "Didn't you go to Hawaii for vacation, why suddenly came here?"
The girl let Eric throw herself on the sofa, put up her round chin, looked at Eric with bright eyes, and said with a smile, "Jeffrey said you were crazy, let me persuade you to go back to Los Angeles. Healing." (To be continued..)
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