I'm in the county town, and you say I'm a big shot?

Chapter 307 Hurry! Close out your positions immediately and sell everything!
"Yes, it's them! After I first discovered this phenomenon, I conducted a thorough investigation and found out that they were not only going long in the futures market, but also hoarding physical goods!" Shi Guangrong said.

"They really did that?!"

Fang Qingye was unaware of these inside stories before his rebirth, and since he entered the futures market and his investment scale has grown larger and larger, he felt that cotton futures trading had deviated from his previous life.

Shi Guangrong's tone was very certain.

“They used their personal connections to stockpile spot goods as early as October, acquiring large quantities of cotton spot goods through direct purchases, commissioned procurement, and repurchase after sale.”

"Oh"

Fang Qingye knew that commissioned procurement and repurchase after sale were actually a financing method, allowing one to hold a large amount of spot goods with a small amount of capital.

"Do you know how much spot cotton they bought?" Fang Qingye asked again.

Shi Guangrong hesitated for a moment before saying, "About 30 tons, but this information may not be accurate."

"Holy crap! These guys are really bold." Fang Qingye couldn't help but exclaim, "The total annual cotton production in the country is only 500 million tons, and they actually dare to hoard 30 tons, which is almost one-twelfth of the total."

"Yes, it really surprised me. On the one hand, they pushed up futures prices, and on the other hand, they hoarded large quantities of cotton, causing a shortage in the market. So I judged that prices wouldn't fall anytime soon," Shi Guangrong explained his reasoning.

Fang Qingye didn't speak, but quietly looked at the calm lake. After a few minutes, she suddenly said, "Guangrong, close out the positions immediately! Go back and sell them off right away! Try to sell them all within these three days, no! In one day, sell them all today! Go back, no more fishing!"

After saying that, Fang Qingye immediately packed up her fishing rod, grabbed the fish she had caught from the plastic bucket, and threw them back into the lake.

Shi Guangrong was startled by Fang Qingye's words: "Qingye, you don't believe what I just said?"

"I believe you, I believe exactly what you say, which is why I need to sell and get out of there as soon as possible. Let me tell you, they're courting death!" Fang Qingye sneered.
"Cotton is a national strategic resource. How can they be allowed to act so recklessly?! It's one thing if the futures market price is high, you bunch of speculators can play by yourselves, but now you're even extending your reach into the spot market! With such high prices and such a large stockpile, how are you expecting all the cotton textile enterprises to survive?!"

“What you said makes sense,” Shi Guangrong said after thinking for a moment. “But what they’re doing doesn’t seem to be illegal, does it? The country doesn’t have any regulations prohibiting private companies from hoarding cotton.”

"Damn, why are you only focusing on the spot market? Isn't their futures trading completely legal? If the China Securities Regulatory Commission really wants to find fault, who among them dares to say they're completely clean?! I suspect the exchange has already set its sights on them. And don't you understand what 'window guidance' means?!"

"Is it really that serious?!" Shi Guangrong was shocked.

"Don't be too greedy."

After packing up his fishing rods, Fang Qingye patted Shi Guangrong on the shoulder and said, "Many people in the futures market who think they're smart don't starve to death, they get stuffed to death! Get out quickly and secure your profits."

"Okay, I'll cast it when I get back!" Shi Guangrong didn't hesitate any longer and quickly packed his fishing gear.

After returning to the hotel, Fang Qingye immediately turned on her laptop and prepared to start working.

It is now 3:30 PM, and the afternoon session of the futures market has closed, awaiting the evening session to begin at 9:00 PM.

Fang Qingye first made herself a cup of tea, then quietly looked at the plate.

Just as Shi Guangrong said, the bullish momentum is very strong, and according to technical indicators, it is almost a short squeeze!

At noon, the two contracts were priced at 31000 and 30500 yuan respectively. By the close of trading, they had risen to 31500 yuan and 31050 yuan respectively, representing a gain of up to 6%, almost reaching the daily limit!
Looking at the basis, it has narrowed rapidly, and the spot price of cotton has caught up. This indicates that Lin Guangmao and his team have achieved their goal of stockpiling spot goods!
Looking at the market, Fang Qingye brewed a cup of tea, pondered for a few minutes, and made a bold decision: to place 10,000 lots of each of the two main contracts at 28830 and 28360 yuan.

This is the price at the daily limit down!
Moreover, they immediately reversed course and shorted, selling 1 lots of each of the two main contracts, 201101F and 200102F, in anticipation of a market price decline.

After completing all the steps, Fang Qingye slowly picked up her teacup.

Just then, her phone rang. Fang Qingye saw that it was Shi Guangrong calling and answered it casually: "Qingye, you've started running?"

"Yes, they're all up for sale." "What?! All of them?!"

"Yes, I placed all my orders at the daily limit down."

"Huh? Aoba, are you crazy?! Even if you're just shipping, there's no need to be in such a hurry, is there?" Shi Guangrong on the other end of the phone was shocked: "Ship your goods like this, it will definitely cause market panic and offend Lin Guangmao and the others!"

"Offend them? What am I afraid of?" Fang Qingye smiled faintly: "They should think carefully about themselves and wait to be taught a lesson!"

"You mean?"

"Their reckless behavior is bound to get them into big trouble! So, get out of the car quickly to avoid being caught in the crossfire. That's all I have to say. What you do is up to you." Fang Qingye hung up the phone after saying that.

Shi Guangrong, on the other hand, sat on the sofa with his phone in his hand, stunned.

"What's wrong, Glorious?"

Jiang Yiling had just finished showering and was wearing her pajamas when she saw Shi Guangrong looking like this. She asked him with concern.
"Fang Qingye immediately placed all 20,000 contracts he had on the limit-down board," Shi Guangrong muttered.

"Huh? Why are you in such a hurry?" Jiang Yiling was also taken aback.

He said, "If we don't leave now, we'll be in big trouble."

Shi Guangrong then repeated what Fang Qingye had said.

"Then let's run quickly, glorious!" Jiang Yiling suggested.

Shi Guangrong was still a little hesitant. He was prepared to sell, but he didn't expect to use this method of selling at a loss.

“This would offend Lin Guangmao and the others,” Shi Guangrong said, expressing his hesitation.

"Fang Qingye isn't afraid of offending anyone, so what are you afraid of?! Go with him!" Jiang Yiling urged.

"Alright then, we'll also be stuck at the daily limit down! At worst, I'll quit the futures market and focus on growing orchids!" Shi Guangrong finally made up his mind.

At 9:00 AM sharp, the futures market opened on time. The two major cotton futures contracts had been on a strong upward trend for the past two days. After the market opened in the evening, two large orders suddenly appeared, directly driving the price, which was about to hit the upper limit, down to the lower limit!

The market immediately became panicked.

"What's going on? Who's shipping the goods?!" In an office building in Shanghai, Lin Guangmao, with a cigarette between his fingers, stared in astonishment at the contract price plummeting almost vertically on his computer screen.

"Boss, could it be that Ge Weidong preemptively shipped the goods?" A young man standing next to him was his assistant, Zhang Lei.

Lin Guangmao frowned slightly upon hearing this. Just four months ago, he, Ge Weidong, and Fu Haitang formed an alliance to speculate on cotton futures.

Initially, they wanted to bring Ye Qingjun in as well, but he refused, saying that after leaving the Ningbo Daredevil Team, he would no longer form alliances with anyone.

Ge Weidong's agreement was somewhat reluctant, and he did not approve of hoarding cotton spot goods. He said it was fine to play around in the futures market, but why bother getting involved in the spot market? It would easily attract the attention of relevant departments.

Unfortunately, the other two insisted on doing so, so he had no choice but to reluctantly agree.

So when someone suddenly dumped shares in the futures market today, the first person he thought of was Ge Weidong.

(End of this chapter)