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

Chapter 408 "The right time, the right place, and the right people—the three elements are about to come together, our opportunity has arrived!"

This is the first snow of winter, falling gently and creating a hazy, dreamlike world.

Fang Qingye didn't stay inside; instead, she drove alone to Yingchi to fish.

In this season, the Yingchi Pond is filled with withered lotus leaves and fallen snowflakes. The snowflakes disappear instantly upon falling onto the water's surface. Fang Qingye is the only person on the entire shore of Yingchi Pond, giving one the feeling of fishing alone in the cold river snow.

When it was lunchtime, Fang Qingye stood up and strolled along the lake to warm her chilly legs, while also munching on some bread and drinking some hot water from her thermos.

Just then, her phone suddenly vibrated. Fang Qingye took it out of her pocket and saw that it was Huang Hua calling from Yanjing.

He pressed the answer button, and Huang Hua's voice came through: "Brother Fang, Baoying Company currently has 23000 lots of the CU1201 main contract and is continuing to short it."

Short selling?!
Fang Qingye's spirits lifted immediately, and she quickly asked, "Are there any other accounts that are going long on other contracts to hedge?"

“No, we activated a total of 10 accounts, all of which were shorted,” Huang Hua replied.

Heaven is helping me!
Fang Qingye was overjoyed, but her tone remained calm.

"OK! Keep an eye on it, and report your position again around midnight!"

"Ok."

After hanging up Huang Hua's call, Fang Qingye immediately called Shi Guangrong: "Tell them they can enter the market this afternoon and go long."

"Go long?" Shi Guangrong on the other end of the phone was a little surprised: "I've been watching the market the whole time. The performance of Shanghai copper in the morning was rather disappointing."

"Baoying Company is shorting! The right time, the right place, and the right people—all three elements are about to come together. Our opportunity has arrived!"

“Okay, I’ll tell them right away!” Shi Guangrong said without further hesitation.

Fang Qingye hung up the phone and continued eating his bread. Just as he finished, his phone vibrated again. He took it out and saw that it was Zhu Yi calling, so he answered it.

"Qingye, you said you want to go long?"

"Really? You don't believe me?" Fang Qingye asked back.

“It’s not that I don’t believe it. It’s just that I feel Shanghai copper isn’t as volatile as it was a while ago, and it’s starting to show a weakening trend,” Zhu Yi asked.

"You can't play the futures market just by looking at the charts. As the saying goes, 'The weather is unpredictable, and life is full of unexpected events,'" Fang Qingye said leisurely.

"Have you heard some news?" Zhu Yi sensed keenly.

"No, I'm fishing right now. What news could I possibly have?" Fang Qingye asked with a smile.

"Huh? Going fishing in this cold weather?!"

"That's the feeling I'm looking for: a fishing rod on a river in the rain or snow, a born fisherman who doesn't know the cold, haha."

The two chatted for a few minutes and then hung up the phone.

In fact, Fang Qingye wasn't telling the truth; he did know a piece of information.

"Historically, just a few days ago, the xx newspaper published an article stating that several mining companies under Jiangxi Copper Corporation had been discharging industrial wastewater into the Le'an River for many years, affecting hundreds of thousands of people downstream." Major websites widely reprinted the article, causing turmoil in the stock market!

In particular, the main contract CU1201 hit the daily limit for three consecutive days before stopping.

This was known as a rare "black swan" event in the futures market in 2011, and Fang Qingye naturally remembered it vividly.

Now, we should seize this opportunity to add fuel to the fire, making CU1201 even more powerful and completely crushing the short-selling Baoying Fund!

Without further hesitation, Fang Qingye returned to her car, started the engine, turned on the heater, logged into a futures trading app on her phone, and began a buying spree.

The purchase of 20,000 lots of CU1201 contracts in one go caused the previously sluggish Shanghai copper price to rise slightly!
After finishing all this, Fang Qingye got out of the car, put on her hat and gloves, and started snow fishing again, not returning to the county town until it was almost dark around 4 p.m.

On the way back to the city, Fang Qingye received another call from Shi Guangrong: "Qingye, Lin Guangmao and the others have been entering the market to build their positions one after another."

"How much did they all invest?" Fang Qingye asked. "Several thousand to ten thousand lots, Lin Guangmao invested more, 15000 lots."

"understood."

Fang Qingye hung up the phone and couldn't help but let out a cold laugh.

Oh shit!

You're all cowards, you wouldn't even take the chance to make a fortune!
If it weren't for the goal of completely crushing Baoying Fund, I wouldn't have told you about this opportunity!

I'll add more shares tonight!

The Shanghai copper futures market has a longer night trading session, from 9 p.m. to 1 a.m. the following day, covering the active period of the international copper market, which is conducive to hedging the risk of global price fluctuations.
After Fang Qingye finished eating, he went back to his bedroom, turned on his computer, and placed another 20,000 buy orders. His current investment amounted to 620 million yuan, the largest investment he had ever made in futures trading.

Similarly, Fang Qingye told Shi Guangrong in Shanghai about his operation via phone.

At this moment, Shi Guangrong had just finished eating and was sitting on the sofa in the living room watching the news. He felt that something big was about to happen, otherwise Fang Qing would be so certain.

"Glory, Fang Qingye is calling!" Jiang Yiling came out of the bedroom, holding his cell phone in her hand.

He quickly picked up the phone and was shocked.

"What? You want to buy more?"

"Okay, I'll go for it! I'm all in!"

Seeing Shi Guangrong hang up the phone, Jiang Yiling, who was next to him, asked, "What happened?"

"Qingye just said that he plans to add another 2 lots to his position tonight."

"Huh?!" Jiang Yiling was stunned.

As agreed beforehand, the two of them each bought 20,000 lots. They just started their positions this afternoon and are now adding another 20,000 lots!

At the current price of 66000 yuan/ton, we would need to invest another 3.3 million yuan or more!

That means they've invested a total of 6.5 million yuan in Shanghai copper futures! This already accounts for as much as 60% of all the funds they can currently utilize!

If Shanghai copper prices fall instead of rise tomorrow, it's simply unimaginable!
"Glory, what do you plan to do?" After a while, Jiang Yiling came to her senses and asked.

Shi Guangrong took deep drags on his cigarette.

He rarely smokes, but today he made an exception and lit one. The strong smoke made him cough loudly.

He didn't stop until quite a while later.

He suddenly shoved the cigarette butt into the ashtray, stood up abruptly, and walked toward the study.

"I agree! I trust Fang Qingye's judgment! If he's really wrong, I'll go sell orchids!" After saying that, he turned and went into the study.

At 9 p.m., Shanghai copper futures opened on time. The price curve, which had strengthened somewhat at noon, rose again, indicating that large funds were entering the market.

This phenomenon was quickly noticed by Yang Yongliang of Baoying Fund.

Since the speculation in Shanghai copper futures began, in order to keep abreast of market changes and be ready to act at any time, the company has been working night shifts, and some employees have even been sleeping in the office, including fund manager Li Wei.

After noticing this sign, Yang Yongliang immediately went to Li Wei's office to tell him the news.

“I’ve noticed that too,” Li Wei said. “Shanghai copper is showing signs of strengthening.”

This is not good news for them!

Because they are shorting!
(End of this chapter)