Huayu: From the Era of Ringtones to Becoming a Legend

As soon as Lu Jiuge finished speaking, the traders immediately took action, with dozens of anonymous accounts launching simultaneously and quietly entering the market.

What they bought was the subprime CDS credit default swap contract, which was currently the least sought-after asset on Wall Street.

At this moment, the US financial market is still wrapped in a veneer of false prosperity.

Everyone on Wall Street was adamant that housing prices would only rise and never fall, and they were certain that there would be no large-scale defaults on subprime mortgages.

This type of CDS (Credit Default Swap) contract, used to hedge against default risk, has extremely low premiums.

In the eyes of many traders, it was no different from a worthless piece of paper, and they didn't even want to waste time looking at it.

Five minutes later, the trader reported:

"Mr. Lu, the first CDS contract has been closed, with a single transaction of two million US dollars and the premium cost being twenty percentage points lower than expected."

"Continue, no need to report, just keep going at the pace."

Lu Jiuge stared at the control screen, expressionless, and did not issue any unnecessary instructions or explain any operational logic.

After about ten minutes, the two traders began to whisper among themselves:

"The trader on the other end messaged me, cursing that I was a nouveau riche, wasting money on reckless investments!"

Upon hearing this, several traders nearby couldn't help but want to laugh, but quickly managed to suppress it.

Zheng Liang thought something serious had happened, so he ran over to check and returned to Lu Jiuge's side to explain the situation, asking:

"These people are snobbish and look down on us. Should we find another trading partner?"

"Need not."

Lu Jiuge glanced at the big screen and shook her head, saying:

"The more they laugh, the more it proves that our strategy is correct."

After listening to Lu Jiuge's explanation, Chen Dawei hesitated for a few seconds, then whispered a reminder:

"Mr. Lu, the market is completely unaware of the subprime risks, and CDS contract prices continue to fall. If we delay the acquisition, the cost price will be even lower!"

After listening, Lu Jiuge resolutely refused:

"Don't deliberately wait for low prices. Steadily build positions according to the original plan. Don't expose your whereabouts just to try to profit from price differences."

"clear!"

Chen Dawei stopped worrying about it and focused on directing the team's operations.

Lu Jiuge remained seated at the command post throughout the entire process and did not leave.

Seeing the portfolio data steadily accumulating, and with no trades triggering any monitoring alerts, he felt much more relaxed.

Ten minutes before the market closed that day, Chen Dawei stopped trading, looked at Lu Jiuge, and excitedly reported his results:

"Mr. Lu, the first batch of CDS base warehouses has been completed without triggering any monitoring alerts."

Lu Jiuge glanced at the summarized bottom-warehouse data on the screen and smiled with satisfaction:

"Very good, the first phase of the mission is complete. For now, we will hold back and wait for market conditions to change."

After a full day of trading, many traders were starting to have doubts and inevitably lost confidence in this counter-trend operation.

A trader whispered to his colleague:

"What is our boss thinking? Can this contract really make money?"

"Don't overthink it. If they tell us to buy, we'll buy. The boss has his own plans. Didn't you see Old Chen is fully cooperating?"

"That's true. Even someone as capable as Old Chen listens to the boss, so we can't go wrong if we just follow his advice."

……

Lu Jiuge didn't care about these conversations.

It's normal for traders to have doubts when they go against the trend and go against the entire Wall Street.

He never intended to explain to everyone now that all he needed was for these people to carry out orders without question.

After a night's rest, Lu Jiuge resumed her duties in the trading hall the next day, issuing new instructions.

"Lock in New Century Financial and start shorting the stock in batches."

Upon hearing this, David Chen's eyes narrowed, and he immediately pulled up the stock chart of New Century Financial:

"Mr. Lu, this company is currently the largest subprime mortgage lender in the United States."

The stock price has remained high, and it's widely regarded as a high-quality asset. Shorting it now carries significant risk.

"risk?"

Lu Jiuge chuckled lightly, her tone carrying a hint of coldness:

"It looks glamorous on the surface, but it's rotten inside. The accounts are falsified and bad debts are piling up."

The stock price is only holding up because the news hasn't broken yet; this is our best first target.

He knew every key moment of the subprime crisis in his previous life by heart.

New Century Finance was the first fuse that punctured this financial bubble.

"Place short orders directly, in small batches, to avoid causing large stock price fluctuations and quietly build up short positions."

Lu Jiuge didn't explain further, but emphasized it again.

"receive!"

After giving a reply, David Chen stopped hesitating and decisively carried out the order.

Fifty traders immediately took action, activating anonymous accounts and beginning to place short orders on New Century Financial's stock.

Similar to previous CDS purchases, each short order was kept to a very low amount, entering the market slowly without disrupting the market or attracting attention.

Sure enough, Wall Street traders didn't pay any attention to these scattered short orders.

The short-selling position had just been finalized, and not long after the market opened in the afternoon, Zheng Liang stared at the news on his tablet and exclaimed excitedly:

"Ninth Brother, news of bad debts within New Century Financial has leaked, and the stock price has started to fall slightly!"

Upon hearing his exclamation, all the traders turned to look at their trading accounts.

The previously stable stock price of New Century Financial saw a slight decline.

All of Lu Jiuge's short-selling accounts simultaneously displayed the words "green floating profit".

Although the individual profits were not large, and the total amount was only a small sum, this real profit completely confirmed Lu Jiuge's prediction!

The trader, who had previously harbored doubts, now looked at Lu Jiuge with a completely different gaze.

What started as obedience has transformed into genuine conviction.

Zheng Liang stared at the floating profits in his account, his face beaming with excitement:

"Ninth Brother, you're a genius! You bet right this time!"

David Chen nodded in agreement, his tone full of admiration:

"Mr. Lu, your judgment was spot on! New Century Financial couldn't have held on much longer. We've only just started, and we're already seeing profits!"

Lu Jiuge stared at the profit data on the screen, her face expressionless, not even her eyebrows twitching.

This paltry gain was nothing to him; the real big prize was yet to come.

"Stay calm, don't panic."

Lu Jiuge stood up, raised her voice slightly, and addressed the entire audience:

"Just hold onto your current positions. Don't reduce them or rush to add more. Wait for my further instructions before taking action."

"clear!"

After this demonstration, everyone no longer doubted Lu Jiuge and was convinced of his abilities.

David Chen nodded and immediately adjusted his strategy, holding onto his existing positions and refraining from initiating new trades.

Lu Jiuge sat down, looking at the real-time changing data on the big screen, her fingers unconsciously tapping the armrest lightly, her mind calculating the subsequent layout.

The CDS base position has been quietly established, and the short selling of New Century Financial has also made a good start, gaining the initiative.

Meanwhile, the powerful financial giants on Wall Street are still trapped in a false prosperity.

They were completely unaware of the subprime financial storm that was about to sweep the globe.

Lu Jiuge picked up the teacup on the table, took a sip, and sneered to herself:

"This game against Wall Street has only just begun."

Cola Novels, a professional online novel platform, offers the most comfortable reading experience.