Rebirth of the Capital Legend

Chapter 253 The simultaneous surge in long and short forces!
When Su Yi's post was published, extremely heated discussions instantly broke out on domestic and foreign online investment exchange platforms. At the same time, it also attracted the attention of more domestic and foreign hot money and institutional groups.

"Fuck! Brother Su is about to launch a full-scale counterattack against the bulls in the pound exchange rate market!"

Amid the extremely heated discussion, Xu Qiao, who was in the main hot money group of 'Magic City Ultra Short Gang' where Su Yi was, and had already followed Su Yi to the pound exchange rate market and established a short position of hundreds of thousands of dollars, was excited and said in the group excitedly.

"Brother Su's courage is indeed beyond reproach." Lao Zhang responded in the group, "Past history will not repeat itself. The first shot of Chinese capital entering the global financial market and breaking through the blockade and hunting of Wall Street capital will eventually be fired... Brother Su said these words very well. There is no doubt about it. This must be supported."

"That's not all." Old Wu also spoke up at this time, "Brother Su's analysis of the direction of the pound exchange rate, the relationship between the British economy and the EU economy, and the sharp contradictions within the UK are all very in-depth and logical. I personally think that it is more in-depth and reasonable than the analysis of the major well-known global institutions that have been bullish recently."

"Old Wu has also started to be bearish on the British pound exchange rate?" Brother Chen smiled and said.

Old Wu replied: "Before Brother Su said this, I was a little hesitant, thinking that Brother Su was a little too arrogant to gamble on the pound exchange rate. Now I think... Brother Su's expectations for the pound exchange rate and trend analysis are truly correct."

"Brother Su speculates that the next British cabinet will pass a motion for a 'referendum on Brexit'," said Lao Zhang. "Is this prediction...really reliable?"

Although he admired Su Yi's cognition and investment style very much, he was sharp and bold.

However, there are still some doubts about some of the radical views that Su Yi publicly put forward through the Internet platform.

After all, 99% of the world's well-known investment institutions believe that it is impossible for the UK to leave the EU, and the cabinet will never pass the "Brexit referendum" bill. Naturally, he is hesitant about such a view.

However, even he had some doubts about the point of view put forward by Su Yi.

He would not hesitate to use funds to support his positions, because he believed that Su Yi dared to spend hundreds of millions of dollars and gamble all his wealth, and that it was definitely not a whim.

Furthermore, he did not invest much money in the foreign exchange financial market.

Even if he loses everything in the end, it will not damage his foundation and he will not lose too much capital.

"I originally thought that this 'Brexit referendum' proposal would definitely be difficult to pass." Brother Chen said, "But now I've read Brother Su's article and saw that he mentioned that the landlords had no surplus food at home and were unwilling to help their poor relatives. I think... maybe many members of the British cabinet also support Brexit in their hearts, but on the surface, for the so-called political correctness, they dare not mention it publicly. However, now that public opinion has risen and with public support, it will be easy as long as they vote."

"Based on your analysis of the idea, Brother Chen, Brother Su's point of view is indeed possible." Old Wu said, "Once the 'Brexit referendum' process is initiated, no matter what the final result of the referendum is, it will surely be bad news for the trend of the pound exchange rate, right?"

"That's for sure." said Brother Chen.

"Anyway, I think that since Brother Su dares to bet all his assets on these foreign investments, he must be confident." Xu Qiao did not think as deeply as Brother Chen and Old Wu. He just felt that with Su Yi's exquisite trading and accurate judgment in the stock market, it would be impossible for him to bet without confidence at this time. "I believe in Brother Su, so... in a word, just follow Brother Su. I have never lost money in stock trading with Brother Su before. I believe that this time, Brother Su will also be able to kill all the Wall Street capital that is hunting him in the pound exchange rate market."

"If we can really defeat this group of Wall Street capitalists..." Old Wu smiled and said with longing, "Then Brother Su will become famous in one battle, truly enhance the prestige of our country, and avenge the shame of history."

Over the past twenty years...

Domestic capital has been defeated and suffered heavy losses many times in the global financial market by international capital led by Wall Street.

It directly leads to domestic capital in the international financial market.

Fear of foreign capital.

It has also led to a situation where many domestic investors have lost the courage to invest overseas and enter the international financial market.

Faced with Wall Street capital and other international capital that have always treated Chinese capital as fat on the chopping board, sniping and hunting it at will, and faced with the ridicule and mockery of foreign capital towards Chinese overseas investment, although everyone does not say it, they have been holding a grudge in their hearts.

I've always wanted to be tough.

In the international financial market, we have completely defeated our opponent, brought him right in front of us, and forcefully slapped his arrogant face back.

Now, Su Yi is gambling huge sums of money worth hundreds of millions of dollars.

Give everyone this opportunity.

So, even if everyone thinks the chances of winning are not high, they will still place two orders to support Su Yi in this battle between bulls and bears and international capital in the pound exchange rate market.

"If that's the case... that would be the best." Brother Chen said, "However, there is still little hope. The pound exchange rate continues to break upwards under the joint squeeze of major global capital groups. At this time, Brother Su's huge short position must have caused serious losses. I'm afraid he doesn't have much available funds."

"Well, I hope Brother Su can hold on." Lao Zhang was silent for a while and said hopefully.

"Unfortunately, at this stage in China, there are few people who help in times of need, and there are still too many bystanders who are indifferent to the matter and take advantage of the situation." Old Wu said helplessly, "Looking at the pound exchange rate market, at this stage, it is almost Brother Su who is alone in resisting the joint short squeeze of other global capital groups."

"Everyone puts their own interests first, and this is nothing new." Xu Qiao said, "Anyway, I have done my best to support you as much as I can."

As he spoke, he added a few more short orders at the pound exchange rate near 1.5155.

And it was just a discussion and chat among a few people.

At the same time, the entire domestic hot money circle, many hot money bosses who had once clashed with Su Yi on the market, also began to move.

"I was wondering why the seat of 'Financial Street Fuxing Road' has not appeared in the market in the past few days. It turns out that the other party has switched to the foreign exchange financial market." Li Jinshi, one of the main speculators of the 'Fushan Group', said in surprise, "I have to say that Mr. Su's courage is really admirable. Many great people and bigwigs dare not touch this field. I didn't expect that he would put all his wealth and capital on it in one go."

"I don't understand the foreign exchange financial market either." Chen Guiyun said in the group, "But I think I can provide some support."

"It's indeed possible to follow the speculation." Liao Guoxiang responded.

He did not think he could make money in the foreign exchange financial market, but in view of the top trading level and ability to grasp opportunities that Su Yi had demonstrated in the domestic stock market, he felt that he should follow suit and support the other party, whether from the trading opportunities of the profit and loss ratio or from the psychological perspective of the Chinese people banding together to resist the harvesting of foreign capital. As long as it does not damage its own foundation and is within the limit of the loss that can be tolerated, there is nothing wrong with supporting speculation.

Similarly, at this time, the idea is consistent with that of the main speculators such as the 'Magic City Super Short Gang' and the 'Fushan Group'.

After thinking for a long time, I feel that the profit and loss ratio is good, and the number of hot money suitable for speculative short selling is also increasing.

As for the countless retail investors gathered across the Internet...

See the call articles and in-depth analysis articles issued by Su Yi.

Their attention has also turned to the foreign exchange financial market, focusing on the British pound exchange rate trading disk, which has been continuously shorted by major foreign institutions, has risen to a relatively high level, and has experienced abnormal exchange rate fluctuations.

Moreover, under the influence of Su Yi's seat at 'Financial Street Fuxing Road'.

A large number of retail investors began to flock into the foreign exchange financial market and, at Su Yi's call, began to short the pound exchange rate and establish short positions.

This led to the US trading phase on June 6st and the Asian trading phase on June 1nd.

In the pound exchange rate market, the rate of new short positions exceeded the number of long positions for the first time, pushing the pound exchange rate back from the highest level of around 1.5170 to the 1.5100 mark.

"Boss Su, after you issued the online call, within 12 hours, the short positions in the British pound exchange rate market increased by 10 lots."

June 6, 2 am, Hong Kong City, Huayi Capital branch. After sorting out the real-time market data submitted by the company's investment data analysis department, Wang Huaijin excitedly reported to Su Yi.

Su Yi nodded slightly when he heard what Wang Huaijin said, and responded: "It's far from enough, it's still far from enough. This amount of newly added short positions can't suppress the pound exchange rate for long. I'm afraid that after the relatively low trading activity in the Asian session, the European and US sessions, the global multi-investment institutions that continue to squeeze and hunt will quickly invest funds to recover lost ground."

"I think so too." Qu Zecai, manager of the trading team, said helplessly, "It seems that these institutions have us in their sights. As long as we don't close our positions on a large scale and stop losses, they will probably not give up."

"But this is also within our expectations." Su Yi said, "The first stage of luring the enemy deep into our territory is almost over. Next... the stalemate stage, it depends on who can't hold on first."

"What's the news?" Su Yi turned his gaze to Wang Huaijin again.

Wang Huaijin replied: "There is no movement yet. Regarding the British cabinet's review of the 'Brexit referendum' bill, the result has not yet come out, but it should be soon. There should be a result before 6 pm tomorrow at the latest."

"Okay." Su Yi nodded, "Then let's continue waiting."

Now, the company's invested funds, plus the lost margin, total investment is close to 3 million US dollars.

If we ignore the losses on positions caused by subsequent short squeezes by international capital, they now have nearly US$5 million in cash available.

In other words, funds are still relatively sufficient, and it is not a life-and-death situation yet.

If these hunting international capitals really want to force them to liquidate their positions, based on the current positions, the pound exchange rate must at least be raised above the 5.7000 mark.

And the space is close to 600 basis points.

It is not easy for the bulls to push up the market quickly if the news does not support it.

As Su Yi continued to wait...

Almost exactly as he predicted.

When time gradually moves from the Asian session to the European session and the US session.

A number of international capitals that have already increased their long positions in the pound exchange rate market have pulled the pound exchange rate back to the 1.5100 mark, and quickly pulled it back above the 1.5150 mark, and continued to invest funds, driving the pound exchange rate to continue to break upward.

Moreover, these capitals continue to invest money in long-term short squeeze.

Su Yi's previous remarks posted on a foreign online social platform, in which he openly declared war on major international capital institutions, also caused quite a stir in foreign financial circles.

only……

This is different from the general support for Su Yi among people in China.

Abroad, whether it is retail investors, hot money, or institutional groups that often hang out in the foreign exchange investment market.

There was a tone of ridicule and contempt for Su Yi's words.

"Oh my God, who is this Mr. Su from China? Does he really think he is Soros?"

"A Chinese who came out of nowhere actually publicly clamored to declare war on Wall Street capital? I really don't know where this person got the confidence from."

"Hua Yi Capital, eh... have you heard of it?"

"I've never heard of it. Haha... You shorted the pound at a historic low, you deserve to be reaped."

"He also said that the forecasts of the pound exchange rate and the Brexit referendum by many large institutions in the industry such as Goldman Sachs, UBS, Barclays, Citigroup, etc. were all wrong. This person may have lost his mind. There are so many senior analysts in these institutions. Does he really think they are just there to do nothing?"

"Haha... Aren't Chinese capital just lambs to be slaughtered in the financial market?"

"Do they have finance in their country? It feels like what they are playing with are things we played with a hundred years ago."

"It's just a backward country. Do they know what finance is?"

"Hey, but I heard that this guy has invested hundreds of millions of dollars in the British pound exchange rate market. This is a piece of fat meat, and everyone should want to take a bite, right?"

“I heard that these hundreds of millions of dollars are about to be liquidated, right?”

"I heard that this person is trying to raise funds to replenish the deposit?"

"Then it seems that the pound exchange rate will continue to rise. Everyone...why don't you enter the market and speculate? This Chinese capital will definitely go bankrupt, and with a large number of shorts covering, the pound exchange rate will definitely soar. Going long at this time will definitely make a lot of money."

“Haha, I’ve already opened a 10-lot position.”

"Harvesting Chinese capital is what I like the most."

Across all foreign online platforms, opinions are overwhelming...

The foreign exchange investment institutions that Su Yi openly declared war on include "Huifeng Global Asset Management", "Pacific Capital", "Barclays Bank Foreign Exchange Trading Department", "Vanguard Capital", "UBS International Capital", "Nomura Bank Investment Department", "Blackstone Global Asset Management Center Foreign Exchange Investment Department", "Van Ligo Hedge Fund" and many other institutions that have already intervened in the pound exchange rate market.

In their view, Su Yi's public declaration of war was an act that was beyond their capabilities.

Deep down, there was also a lot of laughter in my heart.

"This man is about to die, but he is still so arrogant. I didn't expect it." At 6 pm during the European session, in Hong Kong, in the Hong Kong branch of Huifeng Global Asset Management's 'Universe' hedge fund trading room, fund manager Godfrey narrowed his eyes and said with a smile, "Gerald, this man is really like what you said, he is ignorant of the world and has no clear understanding. It seems... this time, we should make a lot of money and leave the pound exchange rate market."

"This person really doesn't have a clear understanding." Gerald, a hedge fund trader at 'Universe', responded, "But the market eliminates people like this. It's just strange... How can such a person accumulate hundreds of millions of dollars in capital in a short period of time by relying on China's A-share market?"

"The A-share market in China," Godfrey said with a smile, "is just a small pond, the so-called novice village of the financial market. It cannot be compared with the foreign exchange market at all. If the Chinese regulatory authorities had not formulated strict rules for foreign investment and prohibited us from entering, their so-called stock market would have been ours long ago."

"Mr. Godfrey is right," Gerald nodded.

"In the current pound exchange rate market, the long and short positions should have reached the million-lot level, right?" Godfrey paused and continued.

Gerald responded: "At present, the long position has exceeded the 100 million mark, but the short position has not. The current net long position is still as high as 20 lots. However, despite this, the long and short positions have skyrocketed by more than 1% compared to before the intervention of Huayi Capital."

"This long and short position..." Godfrey said, "It seems that there is a high probability that there will be an extremely fierce battle between longs and shorts here."

"That's what I thought," said Gerald.

Godfrey smiled and said, "But it doesn't matter. The more long and short orders accumulate, the more intense the exchange rate trend will be when the long and short forces are completely unbalanced. The huge profits will be greater. I even feel that... more and more people will see this, and more and more capital and funds will get involved."

(End of this chapter)