Seeing William looking at him angrily, Philips was frightened by William's stare.
After hesitating for a second, he immediately shouted, "Understood, Mr. Devonshire." He turned around and shouted at the traders, "Buy down, quick, sell futures. 3% margin, three-month futures, 350 million USD in full. Immediately, immediately."
The people who came back to their senses hurriedly said, "Understood." The ten traders immediately started operating on the keyboards.
"It's at 5,047 points. Someone has issued a buy down order. The trading volume in God's Capital is increasing," the operator shouted.
William could not help but order loudly, "Buy down, quick!" He knew that he was not the only one who was bearish in the market. If he did not enter the market soon, he would not be able to buy so many futures contracts.
William was excited. He knew that his chance had come. Now, 80% of the people in the market thought that the Nasdaq index would continue to rise. However, the Nasdaq index had not risen after reaching 5,048 points.
Taking advantage of the fact that there were still many people who were bullish in the market, many people would enter the market to bet with him if he issued a buy down order. Only when there were people in the market who were willing to bet with you would be considered a success. If you made money, it meant that someone was losing money. This was especially true for buying down futures. The losses would be even greater.
When the market was in a frenzy, it was the best time to buy and sell futures. Otherwise, when the shareholders, institutions, financial companies, and funds were cautious about the market, William would not be able to sell such a large amount of futures.
He used a 3% margin to mean that 350 million divided by 0.03 was equal to 11.66 billion USD. He was using 33.3 times the leverage of 350 million USD to sell 9,760 lots of 5048 stock index shares. Each share of the Nasdaq index was 250 USD. If it rose a little, he would lose 2.44 million USD. If it fell a little, he would make 2.44 million USD.
William was not afraid of the Nasdaq index rising. That was because, in addition to the 33 million USD he had earned a few days ago, he still had 82 million USD as margin. As long as the Nasdaq index did not rise by more than 40 points, he would not be forced to liquidate his position.
At this time in the year 2000, there was an advantage to buying a decline over buying a rise. The market no longer had the money to support the market. The possibility of the stock market rising in a few days, or rather, in a few hours, was not high. As long as there was a slight movement in the market, the confidence of most shareholders would be shaken.
Eighty percent of the money was borrowed by shareholders. Even government agencies and funds were speculating. The market value of the US stock market had exceeded the actual market value by three to four times. This market was artificially inflated. It was like a castle made of sand that could collapse in the slightest wind.
"Deal, I've sold 500 lots, France."
"Deal, 800 lots, England."
"300 US dollars!"
"200 US dollars!"
From time to time, the sound of traders successfully selling futures could be heard from the trading hall of the National Bank. Institutions and financial companies from America, France, and England were constantly buying the stock index futures that William sold. They were all betting that the Nasdaq index would rise.
"How many buyers are there in Japan? Focus on the buyers from Japan."
"Understood."
William had just woken up. He wanted to mingle in Europe and America. If he wanted to mingle well, he could not buy too much from Europe and America. If these countries lost too much, they might find trouble with him. Japan was different. Anyway, he would not invest or do business in Japan in the future.
"As long as William makes money and invests in America and England, these two countries won't hold on to him, and he won't have to face the suppression of these two countries directly. Maybe England will even support him after the disaster because of William's large investment."
"350 US dollars!"
"900 US dollars!"
“300”，“720”，“500”，“600”
"There's a 1000 US dollars Japan. God, these guys are really rich."
In less than two hours, William had sold 4,370 lots of futures in Japan.
"Continue, sell them all to Japan."
"Understood."
After another hour, William continued to sell nearly 2,000 lots to Japan. He could not sell anymore. No one was a fool. It seemed that someone had realized that there was a sudden drop in the market today. This made some hot-headed institutions become cautious.
"We can't sell anymore. Mr. Devonshire, we can't sell anymore in Japan. What should we do now?" The trader shouted.
William thought for a while and realized that there were still 1,590 lots to be sold. He quickly said: "Let's sell. No matter who wants it, sell it to them."
Finally, before 2: 30 PM in America, 9,760 lots of 5,048 US dollars were sold. William looked at the transaction record on the computer and laughed. "Okay guys, today's work is done. There's no need to watch the stock market anymore. Let's go and celebrate."
Everyone was not as confident as William. They all looked at William worriedly. Phillips hesitated. He wanted to remind William that it was better to watch the market closely.
William saw Phillips's worry and comforted him: "Okay guys, the contract has been established. Now everything depends on God. Phillips, my luck has always been good. I believe that God will bless me."
Of course, William was more confident than him. Looking at the contract in his hand, William excitedly patted Phillips's shoulder and laughed.
William knew that unless three days later, America's chief executive, Benjamin Arthur, and England's chief executive, Astor, would not jointly announce that the biotechnology company should disclose the cloning technology like in his previous life. If that was the case, William would not hesitate to immediately liquidate his position at a loss of 80 million USD. He wanted to protect his capital of 350 million USD.
Now, everything really depended on God. William prayed silently in his heart. Whether he would get a small fortune or suddenly become rich depended on these few days.
Sure enough, God was still on his side. Three days later, on Friday, before the American stock market opened, Benjamin Arthur, the head of the American stock market and Astor, the head of the English stock market, jointly announced the issue of the monopoly of the biotechnology companies in the two countries on cloning technology. They requested the biotechnology companies in the market to open up their cloning technology and cooperate with each other. At the same time, they also explicitly banned the cloning of human beings.
This announcement immediately showed its power in the stock market. The biotechnology stocks on the market began to shake.
As soon as the market opened, the biotechnology stocks in the United States began to fall. Although it did not fall by much today, on Saturday the 11th and Sunday the 12th, there were a lot of bearish comments on the biotechnology industry in the market and the media. Many people who wanted to bet on the decline began to use this to their advantage.
To be honest, biotechnology and technology companies did not have much to do with each other. However, biotechnology companies nowadays were all speculating on the concept of technology. As long as a biotechnology company did not have the word "technology" in it, it would be too embarrassing to brag on the stock market.
In 1999 and 2000, as long as it was a technology-related company, the stock market would explode. As soon as the government of America and England announced the ban, the institutional funds and financial companies that were speculating on biotechnology stocks immediately began to sell their biotechnology stocks.
As soon as these large organizations made their moves, the shareholders immediately followed suit. On Monday, March 13th, when the stock market opened, the biotech stocks began to plummet. Even the technology stocks in the entire market fell as well. The Nasdaq finally began to fall just like in William's previous life.
You've already exceeded your reading limit for today. If you want to read more, please log in.
Login
Select text and click 'Report' to let us know about any bad translation.
