super energy power

Hidetomo Hirano had the idea of ​​cutting his flesh and escaping more than once, but the rising crude oil price and the fact that the losses had not yet been filled prevented him from realizing this idea.

Maybe, oil prices really started to rebound, and if Dahua Industrial took a profit and left the market, the price of crude oil might rise to $17.

Looking at the oil price around US$15.50, Hidetomo Hirano thought of closing the position several times and vetoed it several times, but he didn't even take any practical action.

He is not purely greedy either. Sumitomo Corporation’s current floating loss exceeds 40 million U.S. dollars. If it closes its position, it may have to lose [-] billion U.S. dollars to escape completely, and it is about to catch up with the "worst loss in history".Going back with such a report card, no one in the head office will think that he "cut his flesh and escaped", and most of them will accuse him of killing the hope of making a comeback.

On the other hand, Hidetomo Hirano didn't want to make the senior trader hiding on the second floor happy. He ordered to close the position, which was tantamount to taking all the blame on himself and getting rid of these two guys.

Realistic factors and small hopes made it difficult for Hidetomo Hirano to make up his mind, and he didn't need to make up his mind until the afternoon.

Matsumoto and his subordinates from Sumitomo Corporation's headquarters took over the accounts and funds in the London office.

Hidetomo Hirano couldn't tell why he was fortunate to step aside in disappointment. He still stayed in the exchange, nominally for consultation, but in fact to let him explain all the details of the transaction. A newcomer who joined the trading company last year stood by. Beside him, he looked like he was in charge and ready to ask questions.

But Hirano Hidetomo knew that the trading company decided on his disposal based on the final result.

He stared at the newcomer Doo Matsumoto with playful eyes. This guy was a senior who entered the company two years earlier than him, and the two had had brief contact.Because of his excellent work, Matsumoto overcame difficulties several times, and then became the head of the second sales department.In Japanese trading companies, ministers are managers-level cadres, which can only be said to be middle-level.However, as a comprehensive trading company with assets of 3000 billion U.S. dollars, the director of the second sales department of the headquarters is the core of the core, claiming to be one of the shortcuts to become the president.

Of course, if you want to become the president, the first thing is not to make mistakes.

Hidetomo Hirano thought to himself: The futures market is not something you can avoid making mistakes if you want to.

Michio Matsumoto obviously also expected it. Under the heavy pressure, there was no smile in his eyes, and he looked at Hidetomo Hirano without any sympathy.

He is better than Hidetomo Hirano in that the trading company will not ask him for $18. At the same time, he also has complete authority and will not leapfrog. However, in the face of so many losses, no one will have it easy. of feeling.

"Reducing the loss to US$10 billion is success. But if you can't reduce the loss, then don't increase the loss." Matsumoto still remembers the personal entrustment of the vice president before leaving. As a super large comprehensive trading company, we must It is common sense to pay attention to the crushing of peers, and he does not want his bright future to become bleak in London.

After roughly listening to the report, Matsumoto straightened his short and stout body, his small eyes widened, and said: "Now, I ask you to make an evacuation plan first, and based on the current situation, find out as soon as possible. If the position is closed, or part of the funds is withdrawn, the loss will be caused. The choice of timing is very important, and the loss should be as small as possible.”

"So small...to what extent?"

"5 million US dollars is the limit that can be tolerated. If you can't do it, you'd better buy some T-shirts and prepare to go to the tropics for retirement." Matsumoto Michio said murderously.Tropical regions are places where the power of trading companies is weak, which means that the future is slim.Correspondingly, if Matsumoto can't do this well, he might have to prepare a T-shirt.

Two senior traders, Hase and Hirota, had bitter expressions on their faces. It is not too difficult to close the position as a multi-party, but it is necessary to reduce the loss to 5 million US dollars, which is one-sixth or even one-eighth of the current level. It is beyond their ability.

Hidetomo Hirano was inexplicably happy. His guilt had been determined, so he didn't need to worry about it any more. These annoying things belonged to the two senior traders.

Intimidated by Michio Matsumoto, Hase persisted for 30 seconds, and said, "Then we can only wait, and we have no choice. Hirano bets heavily on multiple parties, and it doesn't mean that you can withdraw if you withdraw."

He wanted to shift the blame to Hirano Hidetomo, but the latter curled his lips as if he didn't hear it.

Matsumoto wouldn't follow his train of thought either. He hummed and said, "That's why... I asked you to make a plan. I want you to make a prediction based on your own experience. You think the price of crude oil in London will rise." How much, at which price will the volatility of our selling be small, and the selling must be divided into several steps to successfully close the position. I need to see the detailed plan, understand?"

This requirement is very simple, and it is often done by traders on exchanges. Many ordinary orders will also have similar operations.

But in the current state, the tone of this planning letter is more like a plan than a nomination certificate. If something goes wrong, Matsumoto can push a large part of the blame to the two traders as long as they come up with a plan. The estimate is accurate above.

It is obviously extremely difficult to estimate accurately.

Chang Gu's face turned green, and he hurriedly said, "Since Your Excellency Matsumoto is here, we should act according to your plan. As for the price of crude oil, the current fluctuations are too severe..."

"You are senior traders at the London Crude Oil Exchange, and I haven't paid close attention to crude oil futures in London recently. Of course, I want you to estimate the price. Write now, and I will see the plan within two hours, otherwise, You can report back to the headquarters by yourself." Matsumoto's momentum was stronger than that of the men in the room.

Zhang Gu thought to himself, let us do everything, what are you doing.

He puffed his cheeks twice, and gradually lost his courage.

In Japanese trading companies, it is common for subordinates to take the blame for their superiors, or to be robbed of credit by their superiors, especially for people like them who are not in the same system and have made mistakes. Matsumoto from the headquarters can do whatever he wants **.

At that time, even if the report guesses correctly, Matsumoto can take it as his own suggestion.

Both Hase and Hirota have done the same thing before. This kind of lawsuit is useless even if it goes to the headquarters, and it will make colleagues feel excluded.

Blame Hirano Hidetomo!

Hase began to regret not stopping Hirano's aggressiveness before, and the two senior traders glared at Hirano Hidetomo fiercely.Although the latter received a greater punishment, everyone wanted to bear the punishment.

"During this period..." Matsumoto saw that they were overwhelmed, and said seriously: "The business society will review all your transactions in the past two days, and I will suspend all your permissions. Other intermediate transactions that do not involve this matter For staff and junior traders, all trading applications are reported to me..."

Matsumoto adopted the strategy of sending out batches and pulling in batches, but what he did not expect was that his seemingly complete order wasted the last day of Sumitomo Corporation.

One day passed quickly.

The tension in Sioux City did not ease, and he got up before 6 o'clock and began to pay attention to the oil futures trading around the world.In addition to crude oil futures in London and New York, exchanges such as Tokyo, Dubai, and Singapore also have other oil product transactions, such as fuel oil, diesel, aviation oil, etc., which are naturally not as bulky as crude oil, but they are also independent futures. The number of contracts cannot be considered small.

The prices of these oil products must reflect the price of crude oil to a certain extent, but Sioux City is mainly to ease the mood.

These two days are the last window before the decisive battle. It is hard to say how many financial institutions will flee when oil prices do rise.

Especially for those guys who entered the market before $16, some of them may have made a profit by doing more. If they take profits, they will really make money and leave.

From the perspective of Sioux City, the giant of the short side, these long parties who ran away took away their own money.

In long-short betting, it is not a good thing to have too many chips on the opposite side, but when it comes to winning, it is not worse to have fewer chips.

Qi Xiao, on the other hand, had dark circles under his eyes for two days with Su Cheng, completely ignorant of the situation.

It wasn't until the next night that Su Cheng's expression really relaxed.

"Did Sumitomo, Xingye, and Enron close their positions?" Sioux Cheng asked when the closing bell rang.

Qi Xiao didn't feel relaxed at all, checked the information, and said: "It seems that An Ran has reduced its holdings by [-] lots, and other institutions have not changed much."

1 lots are 1000 million barrels of crude oil, and the selling price is more than 1 million U.S. dollars. If you calculate the profit and loss, it is also around 2000 million.

Su Cheng rubbed his neck and said with a headache, "An Ran is quite clever."

"Yes."

"Pity."

"Yes." Qi Xiao secretly thought: It would be great if they all ran away, we can at least make a difference of 2 dollars, if they don't run away, who knows what will happen tomorrow.

Su Cheng clicked his tongue again and made sure that there was no major change in the market, so he went back to rest.

This time he slept soundly. He got up at 7 o'clock in the morning and spread out a pile of newspapers to read.

Sure enough, in the corners of several financial pages, I saw the news of several companies increasing production. Whether it is Repsol or British Universal, they all control a large number of oil fields all over the world, limited by technology costs. Due to the pressure on production and sales, some oil fields have limited or reduced production.

Western oil companies have a tradition in this regard. The development boom started by oil-producing countries around the 70s found reserves of more than 0 million barrels, and the daily production of tens of millions of barrels was all caused by the concealment of oil companies. .

However, the mere increase in the company's crude oil production cannot produce immediate results. The headline news of the financial edition and the news of OPEC's inventory of global crude oil production are the killers of the bayonet.

... (To be continued.)