Chapter 405 1 Leaking
October 87, 10, 18:21 Hong Kong time.
"How is it? Has the information been delivered?"
Turner Smith leaned his hands on the chair and looked at the monitor in front of him.
"coming."
As soon as Turner finished speaking, the information on the display started jumping.
“Have you placed a short order?”
Turner turned and looked at an operator.
"It's raining, the data will be slower."
An operator wearing glasses nearby responded.
"Boss, once this order is placed, there is no turning back."
Turner took a quick look around. The studio was over 200 square meters and housed more than 30 computers, each of which had an optical cable connected to the North American stock market.
After seeing every operator start to work on the computer, he turned and walked to Fang Xiang.
"Ah."
Fang Xiang just nodded and didn't say anything.
He has waited for five full years today. Do you know how he got through these five years?
He... uh, got off the air.
As a time traveler, he had only heard of this Black Monday before and had seen such a plot in novels. Many people who were reborn took advantage of this opportunity to make a fortune.
He always thought that this was just a fantasy in novels, but he never thought that there would be a day when he would be the banker himself.
In Turner's view, Fang Xiang just had his arms folded across his chest, leaning back on the sofa, with a calm expression on his face.
But only Fang Xiang himself knew that his heart was about to beat out of his throat.
You have to be nervous...
For this stock market crash, I have accumulated nearly 82 billion US dollars since I started buying stocks in . I sold all of them and exchanged them for funds, and added five times leverage. Isn’t this the day I have been waiting for?
Two weeks ago in August, the Nasdaq had already begun an unstable trend, fluctuating from time to time.
The most intense one was last week, when the Nasdaq directly pulled back more than 500 points.
This made Fang Xiang wonder if he had remembered the date wrong.
Fortunately, the Nasdaq rose again the next day.
In order to ensure that we can be the first to arrange our business on this Black Monday, we booked all the short orders for today last Friday.
Moreover, leverage was used, but not much, only one to five.
Yes, under Fang Xiang's instructions, Turner used nearly 30 billion in cash to leverage more than 100 billion in funds.
As long as the stock market rises by more than 3% today, the 30 billion yuan as a margin will be wiped out.
Therefore, it was impossible for Fang to say that he was not nervous at this moment.
If his memory was biased, or the stock market did not follow the historical trend, then the nearly 30 billion US dollars that Yin Qingqiu had saved through Great Wall Industrial and earned from investing in stocks over the past decade would not only become completely vanished, but he would even have to owe tens of billions of dollars in foreign debt.
By then, I'm afraid the only way to close the position will be to sell Great Wall Industrial.
Fortunately, on the 14-inch spherical display, the red data stream is obviously more than the green one.
That’s right, red means falling and green means rising in the U.S. stock market, which is exactly the opposite of the domestic stock market in later generations.
“It fell, it fell!
The Nasdaq opened down 30 points and will continue to fall.”
An operator's excited voice rang out.
"The data is delayed, and what we are seeing now is at least data from three seconds ago.
Stay steady, don't be nervous, and continue to focus on the short position. "
Turner shouted immediately.
As the leader of the team, he was no less nervous than Fang Xiang.
After all, this is the first time he has controlled such a huge amount of funds since he started operating on his own.
You know, many North American conglomerates now have publicly stated assets of only over 100 billion US dollars.
And now, the funds in the dozens of accounts in front of him have reached 150 billion US dollars, which is comparable to the less powerful conglomerates in North America.
It would be impossible to say that he wasn't nervous.
"The market is falling more and more. The high-tech sector that I am responsible for has already fallen by 5%!"
"It's the same here. The industrial sector has fallen by 7%!"
"The military sector I was in charge of was doing better, with a drop of only 2 percent."
One sound after another began to come from the excited mouths of the operators.
"The delay is getting worse..."
But immediately, a perceptive operator muttered something.
"Me too, the delay is too great, what's going on?"
"Don't worry. The delay means that the trading volume of the market has increased sharply and the server can't handle it. It's not our problem."
Turner reacted immediately and shouted a word of comfort.
"Do your own thing and don't be distracted!"
After saying that, Turner shouted again.
"Coffee is here."
Just as Fang was watching everyone concentrating on operating the computers, two staff members came in carrying coffee that had been brewed outside.
Cups were distributed to everyone, including Fang Xiang, who took the cup and took a sip.
It was bitter and sour, just like the water used to wash the pot. Fang Xiang frowned and spit it directly into the trash can.
"Today's coffee is great, it will definitely refresh you!"
"Nonsense, this is produced in Colombia, and it's my favorite flavor."
"I prefer Brazilian beans..."
"I drank it yesterday, so we have to change it, right?"
“This is the best coffee I’ve ever had.”
Just when Fang was about to throw away the cup of coffee, the operators started talking.
Everyone said that the coffee was delicious, which made Fang Xiang hesitate for a moment, but he still put the paper cup next to him.
We have to work all night tonight, and Fang Xiang feels that he may not be able to sleep, so he might as well stay up.
Soon, it was the early morning of the 19th.
"Boss, Nasdaq has been delayed for more than an hour. What should I do?"
Just when Fang was about to sit back in his boss chair and doze off, Turner suddenly shook him.
"Talk about it."
Fang Xiang rubbed his face and looked at Turner who looked nervous.
"Just now, between 12 and 9000 o'clock, the stock market traded more than million shares. The network delay was too great, and the computer operation was simply too late.
This is the first time I've encountered something this serious. Is it time to end it?"
After Turner finished speaking, he turned around and looked at the neatly arranged rows of operating tables behind him.
"How much did you earn?"
Fang Xiang pondered for a moment. He didn't remember much about Black Monday. He only remembered that the stock price dropped by more than 20% that day.
“The Nasdaq fell more than 200 points, with more than million shares changing hands.
But I guess it’s much more than that, because there is a delay, and now basically all the data you see is from an hour ago. . . ”
Turner kept talking until he saw Fang Xiang's cold eyes.
“Profits are over fifteen per cent, sir.
We invested nearly 30 billion and leveraged 150 billion. So far, the profit must have exceeded 20 billion, sir."
Turner immediately realized that he talked too much and that using so many professional terms did not show his professionalism.
Instead, it was immediately changed to a simple and easy to understand method.
"How long will it take for the market to open in London?"
Fang Xiang raised his hand to look at his watch. It was already one o'clock in the morning on the 19th.
"London just closed, and the stock market there fell 2% overall due to the impact of Nasdaq.
Because of the time difference, the London stock market basically avoided this disaster.
It will take another sixteen hours until the market opens tomorrow... Today, boss."
Nat also looked at his watch and calculated the time.
“An hour later, we started closing our positions and transferring the funds to London.
Give the Brits a surprise."
Fang Xiang nodded and explained briefly.
"Okay boss!"
Turner immediately became excited.
But just as Turner gave the instructions and was about to start the operation.
"Boss, I think you should come over and take a look at this!"
Suddenly, a staff member on duty who was watching the TV news shouted loudly.
