The Great Sage Returns from Ten Years of Imprisonment

Chapter 173 One wrong step leads to another

At five o'clock in the morning, amid cheers and jubilation, international oil prices closed at $97.2.

Not only were the members of the joint investment team celebrating, but countless long positions in crude oil futures around the world were also in high spirits.

Many long positions in crude oil futures, who nearly lost everything during the previous continuous plunge, were moved to tears of joy.

Looking at the cheerful scene before him, Ling Yun smiled and leaned back in his chair, preparing to rest for a moment before discussing the debriefing.

Just then, the encrypted phone in my pocket suddenly beeped.

He casually took out his phone and glanced at the text message he had just received.

The text message was sent by Chairman Zhao, providing an update on the situation.

"The shipment was successfully completed, and only half of the position remains. This profit was so huge, I'm practically tingling with excitement!"

"There's one more thing. We've solidified the evidence against that industrial spy, and we're ready to make our move at any time. We're just waiting for your message."

Upon seeing this message, Lingyun immediately perked up.

After a moment's thought, he typed a long message with lightning speed.

"Very good. Once the settlement is complete at six o'clock, remember to immediately withdraw all idle funds from the futures accounts, just in case."

"Based on my assessment, international oil prices will fluctuate wildly today, surging sharply in the morning before falling back to near the opening price."

"Once international oil prices exceed $102, you can close out half of your position, and then buy back the rest when oil prices fall back to around $97."

"Just like before, after this harvest is complete, we must withdraw the investment profits tomorrow morning. We can't leave those bastards any chance."

"As for the industrial spy we've already identified, there's no need to rush to close the net. We can wait for the results from across the ocean before making our move."

After sending the text message, Lingyun casually put the encrypted phone into his pocket.

Then, after checking the time on the computer, he got up and greeted Secretary Zhou and Director Xie.

"Let's go to the conference room to review the proceedings. After that, I still need to go downstairs to the conference room for another review, and it'll probably be past seven o'clock by the time I'm done."

Secretary Zhou and several investment directors all looked over and nodded.

"Okay, let's go to the meeting room. After the debriefing, everyone can go home and get a good night's sleep."

"These past few days have been so exciting, but also so exhausting. If this keeps up, I'm really afraid I won't be able to take it anymore..."

With that, everyone left the trading area and headed towards the conference room.

As soon as they entered the meeting room, Ling Yun smiled and offered a few words of comfort to everyone.

"Don't worry about not being able to hold on. After this super rebound, I will adjust my investment strategy next week. I will no longer switch back and forth between bullish and bearish positions, but will firmly short."

"In this way, everyone won't be as exhausted as they are now. Otherwise, with the high intensity and pace of the past few days, even a god couldn't withstand it, let alone us ordinary people."

"call"

Director Xie and the others all breathed a sigh of relief, as if a great weight had been lifted from their shoulders.

"This is alright, otherwise I'm really afraid that my old bones will die here."

"I'm practically a night owl now. My back and waist ache all the time. I've never stayed up this late since I turned thirty!"

Ling Yun smiled and then changed the subject.

"International oil prices are likely to surge after the market opens this morning, with the increase estimated to be quite substantial."

"Taking advantage of this opportunity, the investment departments of various airlines can make two long-short swings and reap two more profits."

The investment directors, who had looked exhausted, instantly perked up.

"That's fantastic! Since such a great opportunity exists, we certainly can't let it slip by."

"How exactly does it work? Lingyun, at what price levels did the investment departments of each airline switch from long to short positions, and at what price levels did they switch from short to long positions?"

Ling Yun smiled and immediately gave his operational strategy.

"Once international oil prices rise to around $101.5, the investment departments of various airlines can close out their long positions and then immediately reverse their positions to short."

"Once international oil prices fall to around $97, close all short positions, immediately reverse to long positions, and continue to buy international crude oil futures to capture the profits from subsequent price increases."

"The joint investment team will not participate in this operation; they will just watch from the sidelines. The investment departments of each airline must control the amount of funds invested and not be too greedy, lest they backfire..."

As he spoke, the eyes of the investment directors grew brighter and more excited, showing no trace of fatigue.

After Lingyun finished explaining the operational strategy, Air China's investment director immediately chimed in excitedly.

"I get it! This is a three-way fish preparation, right? It sounds incredibly tempting!"

"That's right, it's one fish prepared in three ways, but the timing of eating it is a bit important, and you have to be careful not to get a fish bone stuck in your throat."

Ling Yun smiled and nodded.

The debriefing meeting lasted for about twenty minutes and ended quickly.

Next, Lingyun devised daytime strategies for the two crude oil futures investment teams before leaving the office and heading downstairs to the office area.

Just as he walked out of the office area, it was exactly six o'clock in the morning.

The New York WTI crude oil futures market reopened, kicking off a new day of trading.

As Lingyun predicted, international oil prices rose rapidly as soon as the market opened, heading straight for $100.

Upon seeing this, Director Xie and the others, who were packing their things and preparing to go back to the hotel to sleep, excitedly danced with joy.

Lingyun's extraordinary ability to accurately predict international oil price trends once again refreshed their understanding and left them in awe.

Meanwhile, in New York.

Goldman Sachs headquarters building.

Watching the international oil prices continue to soar, Tommy slumped into a chair, utterly dejected, his eyes filled with despair.

The senior investment managers and analysts standing across the desk also looked as if they had lost their parents.

"How can this be? The international financial markets are on the verge of complete collapse, yet oil prices are still rising relentlessly. What the hell is the logic behind this?"

"Everyone's going bankrupt, all the companies are going to go out of business, who the hell can afford such expensive gasoline? This world has completely gone mad!"

Several senior investment managers cursed angrily, spewing vulgarities and acting like madmen.

After venting their anger, one of the guys whispered a reminder:

"We can't hesitate any longer, Tommy. If we don't close our positions soon, the only outcome will be a margin call. Time is money!"

"There's absolutely no way we can add any more margin. All the funds our department can currently use have been poured in, and it's only made a tiny splash."

"If we get liquidated, we won't get a single penny back, and more importantly, we'll completely lose any chance of turning things around. We'll all be going to hell!"

With his reminder, Tommy, who had been stunned, finally came to his senses.

He glared with bloodshot eyes, glanced at the international oil price that had just broken through the $100 mark, and gritted his teeth as he squeezed out a few words.

"Close out my position and immediately go long. Since international oil prices are behaving unpredictably, I'll go all in and go crazy too."

"I refuse to believe it. With my more than 20 years of experience in international crude oil futures trading, I'm not going to be unable to recover this time."

Seeing his almost manic behavior, the guys across the desk all shuddered, their hearts pounding, and they had a very bad feeling!

But like Tommy, they had no way out but to grit their teeth and take a gamble, going down a path of no return!

"Okay, boss, we'll immediately notify our team to close the position and go long."

Several senior investment managers responded in unison.

Then he turned and left the director's office to go out and arrange the operation.

At that moment, little did they know the devastating consequences they were about to face!

Tap the screen to use advanced tools Tip: You can use left and right keyboard keys to browse between chapters.

You'll Also Like