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

Chapter 308: "At the end of its strength, even a crossbow bolt cannot pierce silk; at the end of its powerful gust of wind, it cannot even lift a feather!"

Hearing his assistant's words, he took a deep drag of his cigarette, pulled out his phone, and dialed Ge Weidong's number, his tone somewhat unfriendly: "Brother Ge, did you see the futures market today? Which bastard broke his promise and dumped the shares?!"

"Of course I saw Lin Guangmao. You're not talking about me, are you?" On the other end of the phone, Ge Weidong's tone became somewhat angry: "I, Ge Weidong, would never do something like betraying my brothers! Since we've decided that the three of us will stand together, how could I act on my own?!"

“Brother Ge, I didn’t suspect you, I’m just a little curious.” Lin Guangmao quickly explained, “Could it be that kid Fu Haitang? I’ll call and ask him.”

Before Lin Guangmao could hang up, another call came in. It was from Fu Haitang, so Lin Guangmao simply joined in, and the three of them started chatting.

As soon as the call connected, I heard Fu Haitang's extremely foul voice: "Which bastard is dumping shares?! I'll find out who castrated him!"

Lin Guangmao knew from the tone of the voice that it wasn't Fu Haitang, and quickly said, "Brother Ge is discussing this matter right now. Haitang, do you have any news from your side?"

"No, I saw the market was doing badly, so I quickly called to ask if it was Ye Qingjun since it wasn't the three of us," Fu Haitang said on the other end of the phone.

"He wouldn't join us back then, but now that he sees us making money, he's probably jealous! I'm going to find him right now!"

"Hey, Haitang, don't be impulsive!" Ge Weidong, the oldest and most composed among them, said, "Our top priority right now is to quickly push the price up! As long as the small investors see the price rise again, they won't flee!"

“Okay, okay, if we each invest another 1.2 million, we can take all 4 contracts!” Lin Guangmao quickly calculated.

"Okay, let's do it!"

The three of them discussed for a few more minutes and then hung up the phone.

"Use all five accounts, invest a total of 1.2 million!" Lin Guangmao immediately instructed his assistant.

"Okay, I'll have them do it right away!" Zhang Lei hurriedly walked out of the general manager's office. He naturally wouldn't operate the account himself; the company had hired traders.

The three men's method worked as expected. A large amount of capital entered the market and forcefully absorbed the 4 contracts that were stuck at the upper limit. The price rose again. Those small investors who were originally watching and preparing to run away saw that the lower limit was lifted. Instead of running away, some of them rushed in.

At 11 p.m., trading finally ended, with the prices of the two main contracts settling at 29500 and 29300 yuan respectively, closing with a 2.5% increase.

Although the price increase was not comparable to that of the previous days, the trading volume surged dramatically, resulting in a long tail on the candlestick chart.

Seeing this, Rin Guangshi finally breathed a sigh of relief.

If no one maliciously dumps shares tomorrow, cotton futures prices will likely continue to rise.

"Damn it, don't let me find out who did it! Otherwise I'll make him pay!" Lin Guangmao shoved his cigarette butt into the ashtray and cursed.

Fang Qingye also breathed a sigh of relief and turned off the computer.

He didn't expect that his two contracts, totaling 20,000 lots—no, it should be 40,000 lots—besides his own large order, there were probably more than 20,000 lots of contracts that belonged to Shi Guangrong.

Unexpectedly, the other person ate it all in one go!
Holy crap, that's really impressive. Aren't you afraid the regulatory authorities will come after you?
Don't you know how Xu Xiang fell from grace?!
Oh. It's only 2010 now. Xu Xiang wasn't even riding high in the stock market yet.

But this is good, I can finally get a good night's sleep tonight.

Fang Qingye was very pleased when she saw the numbers on her futures account.

This time, 20,000 cotton futures contracts generated a total profit of 11.5 billion!
Of course, you also have to pay 20% personal income tax, making a net profit of 9.2 million!
That's enough. Add to that the profits from shorting cotton futures, and with the new quantitative trading company established next year, we'll have the capital to trade. I'm heading back to Nanxin tomorrow; Shanghai seems to be in a bit of trouble lately, so it's not a good time to stay.

Fang Qingye checked out early the next morning and drove back to Nanxin.

The cotton futures market is volatile, making small investors and big investors alike nervous, while even some big players feel the danger involved.

Ye Qingjun was one of them.

Ye Qingjun had also participated in cotton futures speculation beforehand. Although he declined Lin Guangmao's invitation, he was still going long on the stock.

They were just not as crazy as them, not only going long in the futures market, but also hoarding in the spot market to support their futures trading.

Moreover, Ye Qingjun closed his position when cotton futures rose to around 24000 yuan, and frankly, he didn't expect the market to be so crazy.

However, now that he has lost the opportunity, he no longer lingers or chases the price higher; he is looking for an opportunity to short sell.

This morning, he arrived at his company and was intently looking at the stock market online in his office when the door was knocked open and a man limped in.

It was his strategist, Chen Jiahe.

"Old Ye, get ready to short it, the time has come." These were Chen Jiahe's first words as he entered the room.

Ye Qingjun glanced at him, then left the computer and the two sat on the sofa. Ye Qingjun personally made Chen Jiahe a cup of tea before speaking.

"The prices of the two main contracts are still rising."

"At the end of its strength, even a crossbow bolt cannot pierce silk; at the end of its powerful gust of wind, it cannot even lift a feather!" Chen Jiahe recited in a refined manner.

Ye Qingjun smiled and said, "You've heard some rumors, haven't you?"

“Yes, Lin Guangmao and his gang have really messed up this time. The latest news is that the Zhengzhou Commodity Exchange has sent them a letter stating that there are irregularities in the related futures accounts they actually control and demanding that they liquidate their positions,” Chen Jiahe said with a smile.

"Then they'll suffer a huge loss." Ye Qingjun chuckled.
"They finally managed to push the price up again, and now they're suddenly closing out their positions. They probably have more than just 40,000 lots left. With such a huge amount of positions being dumped, I estimate that the futures price will hit the daily limit down for several consecutive days, and their profits will be wiped out."

"Moreover, they still have a large amount of physical goods on hand. If futures prices fall, spot market prices will also fall, resulting in huge costs. Lin Guangmao and his group wouldn't be that stupid, would they?"

“Of course.” Chen Jiahe put down his teacup and smiled slightly. “If it were me, I wouldn’t just surrender. I would definitely find someone to help me with wash trading, transferring the contracts to these people so that the exchange would mistakenly believe that the positions have been closed as required.”

Ye Qingjun nodded in agreement. They had used this method before, and Lin Guangmao and his group would do the same.

"If that's the case, Lao Chen, cotton futures prices won't fall in the short term, so why are you preparing to short them now? Isn't it a bit early?" Ye Qingjun voiced his doubts: "You must have some other information."

"Of course," Chen Jiahe laughed. "Lin Guangmao and his team have plenty of ways to deal with this order from the Zhengzhou Stock Exchange, but I've heard another piece of news: the China Securities Regulatory Commission is going to intervene this time!"

"The boss himself is getting involved? Why?!" Ye Qingjun's expression hardened.

(End of this chapter)