"Of course it is the skyrocketing international oil price," Chris replied without hesitation: "This is your final guess, Eric, but it is impossible. Do you know what it means for Iraq to invade Kuwait? These two The country's proven oil reserves account for one-fifth of the world's known oil reserves. Once Iraq annexes Kuwait, Saddam can manipulate international oil prices arbitrarily, which is tantamount to pushing himself into the position of a public enemy. Will agree. Even if he is crazy, it is impossible to do so."
"Since everyone thinks so, I just want to take a gamble. I bet that a war will break out in the Middle East within three months. Chris, if you don't want to help me, I just need to take the money and go to the New York Commodity Exchange Now that I have opened an account, you won't just watch me go in as a layman and get scammed?" At the end, Eric played the emotional card.
Chris couldn't help but laugh when he heard Eric's shameless tone: "Eric, your net worth has reached the level of 1 billion dollars now, and you can already buy everything you want. Is it necessary to take such a risk? You just now Said that you are going to draw out the liquidity of all the companies under your hand. Once the money is lost, it will be a big trouble. The incident at the beginning of the year just happened. If the seven major film companies know that Firefly’s liquidity has dried up, it will definitely I will not hesitate to add insult to injury again, Shang 2▼, the market is very cruel, don't expect other people to be kind."
Eric said confidently: "Why don't you think about it in a good direction, in case I bet right?"
Chris smiled, played with a pen in his hand and softly persuaded: "Eric, why don't you calm down for two days. Have fun in New York. Or go on vacation?"
"Chris. I'm calm. I've made a decision. If you don't agree, I'll go to a futures brokerage company to do it myself," Eric stood up.
Seeing that Eric was not lying, Chris waved his hands helplessly and said, "Okay, okay, I promise you, you sit down first."
The two discussed some details. Chris called the company's financial manager: "Eric, you go with Weber to go through the transfer procedures first, and I'll find you later."
After Eric left with the company's financial manager, Chris picked up the phone in front of him and dialed Jeffrey's number: "Dad, did he tell you about Eric?"
After a few words on the other end of the phone, Chris said again: "It seems that Eric didn't tell you about this, but it's not clear on the phone, I think you should come to New York, Eric He... has a hot head. I can't persuade him."
After saying a few words in a hurry, Chris quickly hung up the phone and walked out of the office.
…
Alisa Brydon couldn't help but glanced at the three people sitting in the living room again. This is Eric's second day in New York. After finishing shooting "Basic Instinct", Jeffrey returned to the farm he bought in Maryland to rest for a while. In less than a week, the old man died because of his son's death. A phone call rushed to New York.
At this time, the three of them were silent. Jeffrey had been persuading him for an hour before, but Eric still had no intention of letting go. Seeing the awkward situation, Chris suddenly opened his mouth and said to his girlfriend in the kitchen: "Eric Li, is dinner ready?"
"Well, it's ready," Alisa replied quickly.
"How about we eat first?" Chris asked tentatively.
Eric had no intention of getting into trouble with Jeffrey, and said with a smile: "Jeffrey, let's eat first, and then you can persuade me after eating, don't be hungry."
The old man snorted with a stinky face, got up and walked towards the restaurant on his own, Eric shrugged at Chris, and Chris sighed helplessly.
Alisa Brydon was originally a very talkative girl. If it was any other time, she must have found one or two topics to stir up the atmosphere at the table, but at this time, the girl was also sitting quietly in the ke Beside Reese, he ate his dinner in silence.
After eating dinner in silence for a while, Jeffrey finally said in a calm tone: "Eric, this matter must not be kept secret, you want to fry that... oil futures, yes, but you can't put all the money in it , let alone use loans to speculate, if others know that you have lost all your money, they will definitely take the opportunity to strangle Firefly's neck."
"Jeffrey, why can't you think about the good things, what if you make money?"
"How can there be such a good thing, this is Wall Street, not Hollywood, we are all laymen."
Chris interjected at the right time: "Yeah, Eric, Wall Street is the territory of financial predators, and futures are actually a two-way gambling contract. If you make money, it actually means that others lose money. The more you earn, the more money you make." The more you lose, the more others will lose. Do you think your opponents will be willing to do this? When I was working at Morgan Stanley, I saw with my own eyes that these big investors manipulated the financial market for their own benefit. Don’t say anything SEC (Securities and Exchange Management Commission), even the FBI has nothing to do with these giants."
"We have a small market of 200 million U.S. dollars. Those big investment banks can't be against us, right?" Eric shrugged and said relaxedly. What's more, once the Middle East fights and the price of crude oil soars, any tricks by the financial giants will be in danger. Under this general trend, there is only a chance to be scattered by big waves.
Jeffrey and his son looked at each other, and became quiet again. Eric didn't want to continue to dwell on this issue. He looked at Alisa Brydon who was sitting next to Chris. He remembered that on Thanksgiving last year, the couple still We were fighting, and now we seem to have reconciled.
"Ellie, has your clothing company gone public? I remember talking about it at Thanksgiving last year?"
Alyssa looked at her boyfriend beside her resentfully, and shook her head: "There will be no play within three years."
"It's okay, when I make money this time, I can invest if you want," Eric said with a smile.
Alisa smiled and said yes, but she didn't take it seriously. After getting along with Chris for a long time, the girl also knows how risky the futures market is. It's not bad to take it out, and the possibility of making money is slim.
"Eric, where do you live now?" Jeffrey asked again at this time.
"I booked a suite at the Sixty Soho Hotel on Sixth Avenue, and I plan to live there during this time."
Jeffrey didn't know the location of Sixth Avenue, glanced at his son, and Chris explained: "Sixth Avenue is very close to the New York Mercantile Exchange."
Jeffrey sighed, Eric has even considered this detail, it seems that there is no room for maneuver in this matter: "Chris, during this time, you put aside the investment company and concentrate on helping Eric K, try to…”
"I understand, Dad," Chris nodded.
In the next few days, Chris began to help Eric hire a trader and handle account opening matters. Jeffrey also followed the two young people all day. .
Eric hopes that the margin ratio is 5%, that is, 20 times leverage, which can enlarge the capital of 200 million US dollars to 4 billion, but Chris and Jeffrey agree that five times leverage and 20% margin should be used .
Eric knew that the father and son were thinking of themselves, and they didn't insist on arguing all morning. In the end, both sides took a step back, 10% deposit, and ten times the leverage.
Entering July, crude oil prices in the futures market rose again, approaching a high of US$19 per barrel.
The futures trading team hurriedly formed by Eric and Chris also began to enter the market.
Due to the situation in the Middle East, a large number of speculators have entered the crude oil futures market. On the New York Mercantile Exchange alone, the daily trading volume of crude oil futures has exceeded 100,000 lots (1,000 barrels per lot for NYMEX crude oil futures). $2 billion.
Given the current situation in the Middle East, many people are betting. Some hope that the price of crude oil will fall back to the level of $14 a few months ago. Of course, some people judge that the price of crude oil will continue to rise.
Therefore, Eric's bullish and long-term team does not seem too eye-catching. However, in order not to attract too many people's attention, Chris controlled the daily trading volume at around 10 million US dollars. According to this progress, it is enough Eric did not raise any objections to spending all the 200 million US dollars in funds before August.
As Chris said before, after the price of crude oil climbed to $19, it stopped rising sharply, but began to fluctuate between $18 and $20. Jeffrey is more worried than the two young people every day, although The delivery dates of the futures contracts that Eric bought are all after October, but the profit and loss of futures transactions are settled daily. After the market closes every day, Jeffrey will hold a calculator and look at the futures contracts to calculate what he has earned again today. How much, how much loss.
Worried that the old man would get a heart attack by worrying so much, Eric and Chris persuaded Jeffrey to go back to the Maryland farm more than once, but all methods were exhausted to no avail.
After another busy day, Eric returned to the hotel where he lived. After taking a shower, he was about to make a few calls back to Los Angeles when he heard the doorbell. Although he knew that there were many people in New York, the place where he lived Not many people know the address of the hotel.
Opening the door curiously, a soft little body jumped up and threw itself on Eric, wrapping around Eric's waist like a koala, touching, kissing, rubbing.
This situation was really indecent, Eric quickly retreated to the room and closed the door, and then he slapped Drew's little butt wearing hot pants twice, and asked dotingly: "Didn't you go to Hawaii for vacation? Came here?"
The girl let Eric throw herself on the sofa, lying there propping up her round chin, looking at Eric with bright eyes, and said with a smile: "Jeffrey said you are crazy, let me persuade you to go back to Los Angeles Cure." (To be continued...)