I traveled through time without patched pants, I was the richest man in the Republic of China
Chapter 429: Busy supporting the family in the foreign land
He Fengrong is now making a lot of noise in the cotton yarn market, and he looks like he is going to be a long position.
It has been a long time since the stock market has seen such a rich fool as him.
These people had stock experts and financial wizards on their side, who conducted a comprehensive analysis of his rash purchase of cotton yarn stocks and came to the conclusion:
This is a second-generation rich man who inherited an estate and is now speculating in stocks.
Rivals all came out and began to sell off their stocks at excessive prices, watching him buy them at high prices and feeling complacent.
When the futures trading day expired, He Fengqing did not have enough funds to pay for the stock fees, so he had to sell the stocks he had previously purchased at a high price at a low price.
If they buy them back at a lower price, they can make up for the extra stocks they sold earlier.
With such a large trading volume, you can make huge profits by just entering and exiting the market. It’s simply making money for free.
Even if He Fengqing paid all the fortune his father had earned, it would probably not be enough.
"I heard that retail investors are following suit and selling off their stocks in large quantities. Mr. He accepted all the orders. He is really courageous."
He Fengqing looked very pleased. Not only did he accept all the orders, he also raised the price every day, for fear that those old-timers would not take the bait.
Wei Miao thought it over and decided that since he was going to stand in front of people, there was no need to be timid.
He Fengqing curled the corners of his mouth and thought to himself, "Kid, stop pretending. Is there anything we can talk about this?"
"There are some things I can't talk about. Brother Lu saved my life, and I have no way to repay him. I want to give him a big gift. When he wakes up, the capital will double. It's also my intention."
When He Fengqing said this, there was arrogance in his eyes, which was very similar to the look when Bella was held by Mrs. Huang and the dog barked at her.
"Mr. He, from what I understand, your counterparty is overselling. How will you pay for these short positions? Are you planning to let the exchange force you to close your positions?"
He Fengqing put away his relaxed attitude and finally began to face the teenager in front of him.
He started to do these things two months before the Chinese New Year. There are so many newspapers in Shanghai with a keen sense of smell that they don't know how many of them there are, but this kid can actually explain them so clearly.
"Don't worry, I have more than enough funds on hand. I came to see Brother Lu because I just happened to hear that he owns a cotton yarn factory and bought a large amount of cotton yarn stocks last year. I'm just doing him a favor."
Since Wei Miao was determined to make a fortune in this business war, he had done some careful analysis and understanding.
The reason why she is not good at hands-on work may be that her brain is too useful.
Based on Mr. He's current situation, Wei Miao predicted that within half a year, the cotton yarn, which used to fluctuate by no more than five or six yuan, would be sold up to the peak season price, with the profit per package increasing at least tenfold.
A pack costs fifty dollars, so one million packs is fifty million. . .
The two parties traded stocks, but when the final settlement and delivery came, the cotton on hand did not correspond to the buying and selling quantities. . .
Brother Lu has more than one million bags of stock in his hands, and both the bulls and the bears will have to look to his face when the time comes.
After all, it is the trading deadline, the bulls pay and the bears deliver.
He Fengqing looks very confident, he must have some support, so funding should not be a problem.
But his short-selling opponents will be worried, because the oversold stocks need to be delivered. Failure to deliver the goods will constitute a breach of contract. Losing money is a small matter, but losing reputation will be a devastating blow.
The only solution is to buy cotton yarn to replenish the stock.
If you want the goods to be delivered, you have to buy them at a high price. If He Fengqing doesn't want the other party to deliver the goods, he has to prevent the other party from buying the goods.
The large amount of cotton yarn in Brother Lu's hands turned into golden yarn.
The scene of the fisherman benefiting from the fight between the snipe and the clam has appeared.
Thinking of this, Wei Miao looked at He Fengqing cunningly and said directly:
"Mr. He, aren't you afraid that your competitors will go out of town to replenish their stock at high prices?"
He Fengqing first laughed loudly, then fell backwards, "Brother Xiao Wei is really smart. He can tell at a glance that I am not buying for the cotton yarn, but for the fish that have been hooked."
Wei Miao sighed in her heart. At this moment, Brother Lu’s importance in her heart increased a little bit.
He Fengqing is a few years older than Brother Lu, but he is so happy. She just tested him a few times, and he started to undermine her?
"I dare not say anything else, except to say that when the trading day ends, not even a bale of foreign cotton yarn will be allowed to enter the territory of Shiliyangchang."
Wei Miao showed just the right amount of surprise and said admiringly:
"Hearing what Mr. He said, I feel relieved. I will go to the French Concession Cotton Mill tomorrow morning. You can just send someone to do the transaction."
Anyway, this small cotton mill is just a shield for Brother Lu, so he should stand on the side early to avoid being targeted.
He Fengqing felt that Wei Miao was very aware of the current situation, and it was a pity again that such a talent was discovered by Lu Pingsheng first.
Then I thought that Lu Pingsheng was still alive or dead, and if he couldn't wake up, he might be able to...
Wei Miao felt a little terrified by his gaze and was just about to find an excuse to send him away.
After today's conversation, Wei Miao felt that this person was very cunning and a slightly more dangerous person than Mr. Zeng Si.
After all, Mr. Zeng Si is a prodigal son who appears to be wise but appears foolish, while this guy seems to be a reckless man who is only interested in profit.
He Fengqing achieved his goal and remembered that he had an appointment to go dancing at Ciro's. He prepared to politely look at the patient and then say goodbye.
"on fire!"
There were shouts coming from outside the yard.
The two men quickly walked out of the yard, stood at the door and looked towards the location where the fire was coming from.
Uncle Zhu Liu was running in front with a bucket of water. Wei Miao called him, "Uncle Zhu Liu, is this Mr. Rong's house?"
Uncle Zhu really wanted to take the opportunity to show off, but when he was stopped, he turned around impatiently and saw that it was Wei Miao. There was a man in noble clothes standing beside her. He immediately smiled flatteringly:
"It's Xiao Wei, it's Mr. Rong. I finally saw the lights on in his house tonight. I was just thinking about asking how Mr. Rong was doing when the house suddenly caught fire. It was so dry that it burned in the blink of an eye."
After hearing this, Wei Miao secretly sighed that the people organized by Brother Lu were very efficient.
They must have sorted out the information she gave them before using the fire to cover it up.
First, let people see that Mr. Rong returned home alive, and then take advantage of his habit of burning incense to design a fire. When putting out the fire, people in the alley will naturally come in and out, and the scene will naturally be destroyed.
"Then I'll call the fire brigade." Wei Miao turned around and went into the house. He Fengqing looked at the direction of the fire and asked Uncle Zhu Liu with interest, "What does this Mr. Rong do?"
Uncle Zhu Liu, who was about to put out the fire, quickly put down the bucket and said, "Mr. Rong is the editor-in-chief of a newspaper. He is kind and friendly. People in the alley respect and like him very much..."
He Fengqing looked at the men, women, young and old running with buckets of water and nodded slightly, seeming to agree with his idea.
"Someone come quickly, Mr. Rong is still alive, someone go in and pull him out!"
A shrill shout interrupted their conversation.
After hearing this, Uncle Zhu gritted his teeth, raised the bucket from the faucet, poured water over his head, and ran towards the fire.
A lot of water splashed on He Fengqing's high-end coat, and the two brothers Luo Xing and Zhu Wang, who had been motionless in the dark, stepped forward.
"Second Master, I just made inquiries. This Mr. Rong is the editor-in-chief of Dongxing Newspaper. He is a similar person to what the man just described. It was just an ordinary fire incident."
He Fengqing was about to leave, but stopped when he heard the words "Dongxing Newspaper".
When this newspaper was young, it published an exclusive interview with Lu Pingsheng. He knew that Lu Pingsheng had a cotton mill from the clues in this interview.
"Let's go and watch the fun with the Second Master."
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