The Great Sage Returns from Ten Years of Imprisonment
Chapter 92 The Attack on Wall Street: Fireworks and Smoke
After some discussion, the securities investment team decided to follow Lingyun's investment strategy and begin shorting the international financial market across the board.
The key targets of the short selling included several financial institutions that had a grudge against China Aviation Oil, as well as Lehman Brothers, Merrill Lynch, AIG Group, and Fannie Mae and Freddie Mac.
These financial institutions are all renowned, and each one is incredibly wealthy.
Normally, very few people would dare to provoke these incredibly powerful behemoths; one wrong move and they would be crushed into dust.
But the situation is different now; it's the perfect opportunity to take advantage of your illness and kill you.
Out of safety concerns, or perhaps due to skepticism about Lingyun's investment strategy, China Aviation Oil, China Investment Corporation, and China International Capital Corporation (CICC) all exercised restraint in their initial investments.
Each of the three firms contributed $100 million to test the waters of shorting these top financial institutions, with a conservative leverage ratio of only three times.
Ling Yun paid no attention to their cautious actions, simply laughing it off.
He knew perfectly well that once the three families tasted the huge benefits, they would quickly increase their investment and would no longer have any doubts about his investment strategy.
When that time comes, I should try my best to persuade the CEOs of the three companies not to be too aggressive!
Busy as I went, the day passed quickly.
At midnight, a new day dawned amidst a dazzling display of fireworks over the Bird's Nest stadium.
The headquarters building of China Investment Corporation (CIC), the office area for the joint investment team.
Ling Yun and President Kong stood side by side, watching the live broadcast on the large screen TV.
All the traders on site were the same, standing in front of their respective workstations, excited and with shining eyes, staring intently at the live broadcast, witnessing this historic moment together.
On the live broadcast, the gymnastics prince held aloft the auspicious cloud torch and, pulled by steel cables, steadily ran along the light and shadow track on the top of the Bird's Nest.
Behind him, a scroll of auspicious clouds slowly unfolded, representing the brilliant history of five thousand years of civilization. Wherever the torch passed, it marked the footprints of the sacred flame's relay around the world.
When he arrived at the foot of the main torch tower, he steadily lit the main torch, and the flames instantly rose up, blooming with the most dazzling light in the night sky.
In an instant, cheers erupted, and countless dazzling fireworks soared into the sky, proudly blooming in the colorful night sky.
The Bird's Nest stadium, every corner of Beijing, and indeed the entire land of China, were transformed into a sea of joy!
"It was absolutely fantastic! This is the most spectacular Olympic opening ceremony I've ever seen. I feel so honored!"
Mr. Kong exclaimed with emotion.
"This will become an eternal classic, unforgettable for any future Olympic opening ceremony, unless we surpass ourselves."
Ling Yun smiled and nodded in agreement, then changed the subject.
"A timeless classic has been born; now it's time for us to create our own."
As he spoke, he turned around and looked at the excited traders.
Mr. Kong was a beat slow to react, and then he turned around as well.
The next moment, Ling Yun picked up the remote control from the desk next to him and casually turned the sound of the large-screen TV down very low, so that it could barely be heard.
As soon as he made that move, everyone looked over curiously.
Ling Yun switched to the prepared microphone, and his powerful voice instantly resounded throughout the venue.
"Alright, the opening ceremony of the Beijing Olympics has concluded. It was a spectacular and impeccable event, and it will surely become an eternal classic."
"Now it's our turn to take the stage and perform on the international crude oil futures market. Let's hope we can create a truly spectacular and classic battle!"
As he spoke, he raised his hand to look at his watch.
"From now on, I'll give you five minutes to adjust your mood and focus, and then connect with the two investment teams in Hong Kong and Singapore."
"In five minutes, we will officially enter the international crude oil futures market. Once we are engaged in our work, I hope everyone will demonstrate professionalism."
The traders exchanged quick glances and nodded in unison.
"clear"
Then, everyone turned around.
Everyone sat back down at their workstations, trying to calm themselves down while checking the international crude oil futures market.
The team members responsible for liaising with the Hong Kong Island and Singapore teams quickly picked up encrypted phones and began contacting the teams in Hong Kong Island and Singapore.
Seeing everyone quickly get into work mode, General Manager Kong nodded in satisfaction.
Then, he asked in a low voice, full of curiosity.
"Xiao Ling, what are you planning to do later? Tell me about the situation so I can be mentally prepared."
Ling Yun turned to look at him and explained in a low voice.
"Today is the first day our joint investment team has shorted international crude oil futures. We shouldn't make any big moves; a small test is enough!"
"International oil prices have been consolidating and fluctuating these past few days, and the trend is gradually stabilizing, which gives us time to make strategic moves..."
As they were talking, Secretary Zhou suddenly reminded them in surprise.
"Lingyun, international oil prices have started to rise, already up by $0.20. Should we wait a bit before shorting?"
Upon hearing this latest development, Ling Yun immediately stopped talking.
He quickly took two steps forward and looked at the international oil price trend chart on the computer screen.
as predicted!
Previously stable international oil prices suddenly began to rise, quickly increasing by 0.3 US dollars.
Faced with this unexpected situation, Ling Yun couldn't help but pause for a moment.
Immediately afterwards, he turned to look at the large screen TV that was still broadcasting the grand opening ceremony live, and a look of realization appeared on his face.
At the same time, many traders looked at him, waiting for his decision.
Some of the guys even had a hint of schadenfreude in their eyes.
The next moment, Ling Yun smiled and shook his head.
"Don't worry, this is just a small rebound stimulated by the grand opening ceremony of the Beijing Olympics."
"We are the world's second-largest oil importer, and our country's strong demand for oil imports is one of the important factors affecting international oil prices."
At this point, he pointed to the large-screen TV.
"Tonight's grand Olympic opening ceremony showcased our growing national strength and booming economy to the world, which is why oil prices have risen."
"This is good news for us, but this oil price surge won't last. When oil prices rise above $0.50, that's when we'll be out of the game."
Many traders looked at him with skepticism, then at the continuously rising international oil prices.
In a short while, everyone realized that the situation had changed.
"Hmm, the rate of increase in oil prices is slowing down; it seems like the momentum is waning!"
"Indeed, this slight increase seems to be just a flash in the pan."
In the midst of the discussion, a trader from China Aviation Oil suddenly shouted an excited reminder.
"The price has increased by more than $0.50, Lingyun, should we short it now?"
Compared to others, these traders from China Aviation Oil trusted Lingyun more and executed his trading orders more resolutely!
Ling Yun quickly glanced at international oil prices and then issued a series of trading instructions.
"Listen up, everyone! It's time for the joint investment team to short international crude oil futures. Team One, get ready to begin trading!"
"Based on current international oil prices, buy 800 short positions in the September contract of London Brent crude oil futures with 60 times leverage, with an upward stop-loss at $125."
"Use 70x leverage to buy 1000 short contracts of the October Brent crude oil futures contract and 800 short contracts of the November contract, with an upward stop-loss at $124.5."
"All these short positions must be bought in a diversified manner, spread across as many futures accounts as possible, and the positions must be established by 5 a.m. tomorrow."
The No. 1 team, responsible for trading London Brent crude oil futures, hesitated for a moment and did not immediately execute the trading order.
They come from the investment departments of various airlines, and most of their previous transactions were focused on stability; they had never seen leverage of 60 or 70 times before!
On the first day of trading alone, Lingyun planned to short 260 million barrels of crude oil in the London Brent crude oil futures market.
Such a large-scale undertaking made each of them tremble with fear.
Seeing that they didn't make any move and were just staring at him blankly, Ling Yun's expression suddenly turned cold.
"Execute the trade immediately, or do you want to pack your bags and go home tomorrow?"
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