I'm in the county town, and you say I'm a big shot?
Chapter 461 Money is a good thing, but you not only have to be alive to earn it, you also have to be
Chapter 461 Money is a good thing, but you not only have to be alive to earn it, you also have to be alive to spend it.
But to his surprise, the situation became increasingly unfavorable for the short sellers.
On July 20, 2012, soybean meal futures prices soared to 3945 yuan. Wang Decai continuously increased his short positions, becoming deeply trapped. He initially established his position at 3500 yuan and heavily added to it at 3800 yuan. Facing a price that was about to break through 4000 yuan, Wang Decai had to scramble to raise funds.
This morning, for the first time, he didn't arrive at work on time.
It was almost 10 a.m. when Wang Decai dragged his tired body into the studio.
"Mr. Wang, what's this?" Wang Ru quickly brought him some freshly brewed herbal tea.
Wang Decai picked up his teacup and gulped down the tea. Because he drank too fast, he choked and coughed for a while before he finally stopped.
"Mr. Wang, are you alright? Should you see a doctor?" Wang Ru asked with concern.
Wang Decai shook his head, turned on his computer, and started trading again.
Today, the price of the main soybean meal futures contract has broken through the 4000 mark!
Wang Decai silently logged into his capital account and deposited another 500 million yuan as margin to temporarily ensure that he would not be forced to liquidate his position.
The 500 million was the money he obtained by mortgaging the townhouse he currently lives in.
That's what he did this morning.
On August 1, 2012, soybean meal futures surged again, breaking through the 4200 yuan mark in one go. Bullish capital took turns to speculate, with Guotou Futures surpassing Yong'an Futures to become the top long position holder, forcing short positions to reduce their holdings on a large scale.
After the market closed, news broke that a certain livestock company had suffered heavy losses due to participating in soybean meal futures trading, and the company owner committed suicide by jumping off a building.
Wang Decai stared at this message for a very long time.
Fang Qingye also saw this message.
Sitting in her office chair, Fang Qingye pondered for a while before picking up her phone and calling Shi Guangrong.
Before he could even speak after the call connected, Shi Guangrong said, "Qingye, have you seen today's news? The owner of a livestock company in Henan Province suffered heavy losses in soybean meal futures trading, climbed to the roof of his factory office building, and jumped to his death!"
“All the major news websites have reprinted it, how could I not see it?” Fang Qingye said calmly.
"Sigh, this round of soybean meal speculation, I wonder how many more people will die." Shi Guangrong sighed on the other end of the phone, then added:
"From what I've heard, the bullish funds mainly come from the Jiangsu and Zhejiang regions, with Yong'an Futures as their main base. Yong'an Futures and Guotou Futures are the main bullish forces!"
"Are Lin Guangmao and the others still going long?" Fang Qingye asked.
“Of course! They’ve been locked in a fierce battle with Tian Hao of Yong’an Futures and Yan Qingliang of Guotou Futures during this soybean meal futures speculation. How could they possibly back out so easily?” Shi Guangrong laughed.
"Have you made enough money?" Fang Qingye said calmly. "Here's what you'd say: give Lin Guangmao a call and tell him to stop trading. Money from closing out positions is a good thing, but you not only have to be alive to make it, you also have to be alive to spend it. Tell him it's my idea."
"Huh? This? Lin Guangmao might not listen to you," Shi Guangrong reminded him.
"It doesn't matter, it's just doing my duty," Fang Qingye replied. "Hey Guangrong, have you found out anything about that Wang Decai?"
"Not yet, it's not easy to find out, but I'll try my best."
"Okay, I see."
After hanging up the phone, Fang Qingye took her teacup to the window and silently looked at the scenery outside. The weather was extremely stuffy, as if a storm was about to break.
After finishing his phone call, Shi Guangrong sat on the sofa in the living room and fell into deep thought.
"What's wrong, Guangrong? Who called?" His wife, Jiang Yiling, came out of the bedroom carrying their son and asked with concern when she saw him like this.
"Fang Qingye's."
Shi Guangrong then briefly recounted the contents of the phone call.
Jiang Yiling was surprised: "Huh? What does Fang Qingye mean by this? It seems like something big is about to happen?!"
“Yes, I felt that too,” Shi Guangrong said. “In the past, when Fang Qingye traded futures, he could wipe out his opponents with a few words. He rarely spoke with such a heavy tone, especially since he didn’t participate in the soybean meal speculation this time.”
"The reason he didn't participate in soybean meal speculation from the beginning, was it because he had some kind of bad feeling?" Jiang Yiling's words suddenly reminded Shi Guangrong.
"Yeah, back then he didn't speculate on domestic soybean meal and soybeans, but insisted on speculating on US soybeans, saying he was trying to fleece the Americans. I guess he already anticipated this outcome. My God, how terrifying!"
"Alright, alright, no matter how scary Fang Qingye is, he's a true friend to you." Jiang Yiling laughed, "You should listen to him and call Lin Guangmao right away, so he doesn't blame you later."
"Okay, I'll call now." Shi Guangrong took out his phone.
At that moment, Rin Mitsuaki was drinking at the Peace Hotel.
"Come on, let's have another drink!"
"Mr. Tian, you have to drink more this time. We owe you a lot for this, you really crushed the airmen."
It turns out that Lin Guangmao and several other big players, including Tian Hao from Yong'an Futures, Yan Qingliang from Guotou Futures, and others, were celebrating the surge in the soybean meal futures contract.
Everyone present had made a fortune, so the atmosphere was naturally lively.
Lin Guangmao filled Tian Hao's glass with a decanter when his phone suddenly rang. Seeing it was Shi Guangrong calling, he answered casually, smiling, and said:
“Glory, I was just about to call you. I’ve found out about the Wang Decai you’re looking for. He runs a studio that trades futures. It’s on the 12th floor of the Futures Building, room number 1217.”
"Thank you, Mitsushige. Is it a convenient time for you to talk now? Aoba asked me to pass on a message to you."
"Aoba?! Wait a minute." Rin Mitsuaki put down the wine dispenser, walked out of the private room and came to the end of the corridor.
"Speak now, what is it?"
"Qingye said that you have made enough money trading soybean meal, and suggested that you close your position and exit."
"Huh?" Lin Guangmao was taken aback and quickly asked, "Did he receive some bad news? Is the price of soybean meal going to plummet?"
“He didn’t say that.” On the other end of the phone, Shi Guangrong hesitated for a moment before saying, “He also said the other half of his sentence: Money is a good thing, but you not only have to be alive to earn it, you also have to be alive to spend it.”
"What does he mean by that?!" Lin Guangmao's expression changed immediately.
"I guess it was advice to a friend. Although I didn't participate in this speculation, I also felt that the situation was not good, you know? Just now, the online news reported that the owner of a breeding company in Henan Province suffered heavy losses in soybean meal futures trading and committed suicide by jumping off a building!"
“I saw it too.” Rin Koshige nodded.
"Alright, I've said what I needed to say. Think it over yourself. Goodbye!"
"goodbye!"
When Lin Guangmao returned to the private room after making the call, he heard Fu Haitang ask, "Guangmao, I just heard you say that Fang Qingye called from Fang Qingye?"
"No, it's Shi Guangrong."
"What did he say?" Fu Haitang asked, somewhat curious.
Lin Guangmao hesitated for a moment before finally speaking: "He said Fang Qingye told me to stop speculating on soybean meal and to stop while I'm ahead."
Upon hearing this, the atmosphere in the private room suddenly became quiet.
(End of this chapter)
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