I'm in the county town, and you say I'm a big shot?
Chapter 615 This time, consider it our pledge of allegiance to Fang Qingye.
Chapter 615 This time, consider it our pledge of allegiance to Fang Qingye.
Villas near Guangmao in Shanghai.
Several people were sitting in the living room: Lin Guangmao, Fu Haitang, Ye Qingjun, and Zhu Yi. All four of them looked solemn.
Today, they suddenly received separate phone calls from Shi Guangrong and Fang Qingye, asking them to jointly destroy a company called Panshi Agriculture in the US CME futures market.
This is a big deal!
So they gathered at Lin Guangmao's villa to discuss the matter.
"Fang Qingye explained it very clearly on the phone. What do you think we should do?" Lin Guangmao asked.
Everyone was silent.
This is not a simple investment, nor is it merely about making money; rather, it is a retaliatory capital hunt.
Fang Qingye made it very clear on the phone:
1. My plan to eliminate Panshi Agriculture is based on personal grudges. 2. My strategy is to go long, but this carries certain risks, and I cannot guarantee profits or a clean exit. 3. I am simply asking for your help; whether you are willing to participate and how much capital you invest is entirely up to you.
There was some silence in the hall.
Just then, Zhu Yi chuckled softly and elegantly crossed her legs.
“Why aren’t you three men saying anything? Let me speak first. I’ve already called Fang Qingye back, and I’m going to work with him. I’m a woman, and I act on impulse, unlike you guys who are very meticulous. I just think Fang Qingye is a very good person, and it’s worth taking this risk for him. Of course, I don’t have much money, only about 3 million RMB.”
“I called him back and said I would invest 10 billion!” Lin Guangmao said slowly.
10 million?!
Everyone was taken aback; this number was definitely not small!
They were friends and all knew how wealthy each other was.
Lin Guangmao's assets are around 30 billion yuan. Taking out 10 billion yuan at once to fight a battle with no certainty of success is indeed a huge risk.
Trading futures is not like trading stocks; you could lose all your capital and even owe the futures company money!
"Why would I do this? Just as Zhu Yi said, Fang Qingye is a good person; he helped us twice!" Lin Guangmao lit a cigarette and looked at everyone.
"If he hadn't warned me beforehand about the soybean meal incident, I'd probably still be in jail! And the methanol speculation—I'm not afraid to admit it, but I was prepared to jump into the Huangpu River that time! He pulled me back from the brink of death! This time, Fang Qingye wants our help, and if we refuse, we'd really be lacking in morality. There's also an even more important reason."
"What's the reason?" Fu Haitang asked.
"The methanol speculation last time was truly frustrating!" Lin Guangmao said bitterly.
"We were shorting, and we almost got wiped out by Jiang Wei's long position in Chengdu Xinhua Huagong, with the regulators doing nothing. Okay, after we finally gained the upper hand, only three consecutive limit-down days, the regulators couldn't sit still and called to demand emergency liquidation, saying that the contract's impact was too great, extending beyond the futures market and affecting the spot market, causing huge price fluctuations and heavy losses for small and medium-sized investors, and that they were protecting their interests, etc. Don't my interests matter?!"
Upon hearing Lin Guangmao's words, the others immediately felt uneasy as well.
We were following all the proper procedures, how is that wrong?!
"So, I'm not planning to play this game anymore. I want to speculate overseas, and this is a great opportunity," Lin Guangmao concluded.
"Guangmao, are you really not planning to travel in China anymore?" Fu Haitang asked.
"Yes, I've given up. Didn't you see that Fang Qingye isn't traveling in China anymore?"
This is true.
Everyone nodded.
After finishing his trades in Shanghai rubber futures, Fang Qingye stopped trading in the domestic futures market and went directly to the US and Japanese markets, where he reportedly made a considerable profit. His last shorting attempt on methanol required several people to persistently persuade him to take action.
Both Lin Guangmao and Zhu Yi made their positions clear, while Fu Haitang and Ye Qingjun exchanged glances.
Then Ye Qingjun said, "Alright then, I'll invest 6 million."
“Hehe, I’m the same as you.” Fu Haitang immediately declared. “This time, let’s consider it our pledge of allegiance to Fang Qingye.” Lin Guangmao’s words were full of meaning.
Once the decision was made, the four of them began to gradually build up their positions according to Fang Qingye's plan.
Fang Qingye plans to invest one hundred million US dollars this time, not for profit, but to completely destroy and eliminate Pan Shi Agriculture.
CME corn futures have a daily trading volume of up to 60 lots, amounting to $97 billion. With my limited funds, it's impossible for me to influence the price.
Some of this money is used to build up positions, but more importantly, it's used to leverage small amounts of capital to drive up prices.
This afternoon, Fang Qingye bought 1 lots of ZCM1503, observed the trend, turned off the computer, and went downstairs to take her daughter out to play.
Now the little guy is very attached to Fang Qingye. During the day, he hangs on his father like a kangaroo, or leads his father to run around on the lawn, wanting him to catch butterflies and grasshoppers with him, never stopping for a moment.
At this moment, Xia He sat on a bench by the garden, smiling as she watched the father and daughter play.
Just then, the maid Magda Yao hurried out with a ringing telephone and said in very broken Chinese, "Mr. Fang, your phone."
Fang Qingye took the phone and saw that it was an unfamiliar American number.
This phone is used in the country, how would an American know about it?
Fang Qingye thought for a moment and then answered the call.
A man's voice came from inside, speaking in Mandarin: "Hello, are you President Fang Qingye?"
"Yes, who are you?"
"I am Ge Weidong."
Ge Weidong?
The one who traded futures with Lin Guangmao and the others?
Fang Qingye had met him once before, and later heard that he had come to the United States to conduct investment transactions, and rarely heard of him in China.
"Hello, General Ge," Fang Qingye said.
"Hello, I was chatting with Guangmao on the phone the other day, and I heard that he and Haitang were involved in speculating on corn futures on the CME futures market?" Ge Weidong asked on the other end of the phone.
"Huh? Rin Mitsushige and the others told you?"
"Well, so I'd like to join in the fun and follow your instructions."
"welcome."
“Then it’s settled. This time, I will invest 7000 million US dollars in the name of my Chaos Investment Company.”
"OK!"
"Mr. Fang, I heard you're in New York. How about we have some tea sometime?"
"Ok."
I never expected that Ge Weidong would get involved as well.
That's good, the power is greater now.
Starting from October 20th, Fang Qingye and others gradually built positions in New York, Hong Kong, Shanghai and other places, but corn futures prices still showed a range-bound fluctuation. Occasionally, they would rise but then be quickly suppressed by the short sellers, and the overall market was calm.
Felix of Rock Agriculture naturally didn't notice these subtle changes, but this phenomenon was noticed by a senior futures trader at a major American company.
ADM Investor Services (ADMIS), Chicago, USA.
(End of this chapter)
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