Starting out as a drug dealer in 1988
Chapter 502: Continue to Short
That evening, Zhao Wenhao specially invited all the employees involved in this operation to a well-known seafood restaurant and treated them to a sumptuous dinner.
At the table, Zhao Wenhao raised his glass with high spirits and said loudly, "Dear colleagues, thank you for your hard work during this period. We have successfully completed this important task!"
He drank it all in one gulp and continued, "I promise everyone here that when this is over, everyone will receive a generous reward!"
Upon hearing this, the employees showed expressions of surprise and anticipation.
For these Hong Kong Island workers, a sumptuous meal may not make them too excited.
But when it was mentioned that there would be a substantial reward, they immediately became excited and began to cheer happily.
In their hearts, boss Zhao Wenhao is by no means a stingy person.
Every time a bonus is distributed, the amount is at least twice the monthly salary, and sometimes even more.
Therefore, every employee is full of expectations for the future and also devotes all their efforts to their work.
The next day, go to work normally.
This time, Zhao Wenhao did not arrive late like yesterday, but came to the company early.
Before nine in the morning, he was already sitting in his office.
On the other side, after arranging the work in the conference room, Kuang Youzhi hurried over to report the situation to Zhao Wenhao.
"Let's arrange it this way for now. Be prepared for both scenarios. It's almost time to start here!"
About half an hour later, Zhao Wenhao waved his hand, signaling Kuang Youzhi to handle the next matters himself.
Everything that needed to be said had been said, and he believed that Kuang Youzhi would be able to execute the planned strategy well.
“It’s a fierce competition!”
Looking at the numbers constantly jumping on the computer screen, Zhao Wenhao's mouth corners slightly raised, revealing a smile.
In fact, as early as yesterday, he had foreseen that Siam would not sit idly by and watch the exchange rate continue to fall uncontrollably, and would definitely launch a counterattack.
As expected, as soon as the market opened today, the two sides started a fierce battle, and the exchange rate fluctuated, making it difficult to determine the winner.
"Mr. Zhao, the Siamese government is very determined. Can we close the net now?"
Kuang Youzhi ran in hurriedly and asked nervously.
Zhao Wenhao nodded in agreement.
In fact, before this, they had already discussed a response plan, and Kuang Youzhi had full power to make his own decision.
However, because the amount of money involved this time was so huge, he still felt a little uneasy, so he came here specifically to ask for instructions.
Not long after, the funds held by New Century Investment Company began to gradually flow back.
By the close of the market that afternoon, the pre-set goals were finally successfully achieved.
After statistics, the total funds reached 31.8 billion US dollars.
The original cost was $25 billion, so this translates to a profit of $6.8 million.
At this time, the exchange rate of Thai baht to US dollar became 31:1.
Compared with yesterday, the exchange rate has risen significantly.
Obviously, when the foreign exchange reserves are exhausted, the Siamese government will definitely choose to borrow money to fill this huge gap.
But the problem is that, given the current situation, even if billions of dollars are borrowed, it will be difficult to resist the group of ferocious capital giants outside.
Today's situation is just the beginning, and Western capital is not going all out.
Their main purpose at this stage is to continue to consume the funds of the Siamese government.
If nothing unexpected happens, we will know the outcome tomorrow.
"If the Thai baht exchange rate continues to fall tomorrow, we will immediately follow suit and short sell. There is no need to report to me." Zhao Wenhao ordered with a serious face.
Kuang Youzhi nodded in understanding, indicating that he understood clearly.
Time flies, and another day has passed in the blink of an eye.
"Hahaha, I was suppressed again!" A hearty laughter came from the office. It turned out that Zhao Wenhao was laughing heartily.
At this moment, the exchange rate displayed on the computer screen has reached 33:1.
Although the current decline is not large, the Siamese government has done nothing, as if it has given up resistance.
Zhao Wenhao rushed out of the office excitedly and ran to the trading hall impatiently.
At this moment, Kuang Youzhi was concentrating on directing his employees to continue short selling.
"Don't hesitate, throw all your money in. The Siamese government no longer has enough capital to fight us."
Zhao Wenhao roared, his voice echoing throughout the entire trading hall, making everyone look at him sideways.
The sudden roar made everyone look up and look at Zhao Wenhao in surprise.
They are full of admiration for this young, promising and decisive boss.
Zhao Wenhao pointed at the screen and shouted, "Don't look at me, smash them all down."
Everyone was awakened by his words and came to their senses. Kuang Youzhi also began to direct his employees to take action again.
Soon, billions of dollars flooded into the market, all used to short the Thai baht.
The exchange rate of the Thai baht plummeted instantly, like a free fall, from 33:1 to 35.6:1.
And the downward trend has not stopped and is still continuing to fall.
Obviously, the capitals involved have noticed this situation, and they immediately followed suit, trying to get a piece of the victory cake.
"It's 38:1! And it's still dropping!" an employee shouted excitedly.
"40:1! It has broken the exchange rate ratio from the day before yesterday, and the momentum has not been stopped yet." Another employee also shouted excitedly.
“41:1, beautiful!”
……
The numbers kept jumping, as if the banknotes were waving to everyone.
Zhao Wenhao clenched his right hand into a fist. He was very excited, but was afraid to show it in front of his employees.
At this moment, he was trying hard to suppress his emotions.
The transaction was still going on and Zhao Wenhao did not disturb his employees' operations.
He returned to his office, leisurely lit a cigarette, made himself another cup of good tea, then leaned back in the armchair, crossed his legs and swayed.
The victory is already decided, it all depends on how much profit we can make today!
After several hours, the day's trading finally ended.
Kuang Youzhi excitedly knocked on the door again and said, "Mr. Zhao, the current exchange rate has reached 45.7:1. The Siamese government really doesn't have enough financial support. They are almost completely defeated!"
Zhao Wenhao nodded slightly without making any further movements.
In fact, he was not so calm in his heart, because this seemed to be different from what happened in history.
Obviously, it was his joining that caused the exchange rate between the Thai baht and the US dollar to fall further.
He vaguely remembered that in the past, the largest exchange rate ratio seemed to have not exceeded 40:1, but now it has reached 45.7:1.
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