When Su Yi's post was published, extremely fierce discussions instantly erupted on domestic and international online investment communication platforms.
At the same time, it also attracted the attention of more domestic and international speculative capital and institutional groups.
"Holy cow, Brother Su is launching a full counterattack against the long positions in the GBP exchange rate market!"
Amidst the extremely fierce discussions, Xu Qiao, who had followed Su Yi to the GBP exchange rate market and had already established hundreds of thousands of dollars in short positions, was thrilled and spoke excitedly in the "Modu Ultra-short Gang" main speculative capital group, to which Su Yi belonged.
Old Zhang in the group responded,
"Brother Su's courage is truly remarkable. Past history will not repeat itself. The first shot of Chinese capital heading into the global financial market, breaking through Wall Street capital's encirclement and hunting, will finally be fired... Brother Su put it really well. No doubt, we must support this."
"It's not just that he spoke well. Brother Su's analysis of the GBP exchange rate trend, as well as various factors like the relationship between the UK and EU economies, and the sharp internal conflicts within the UK, are all very in-depth. The logic is also very clear.
Personally, I think it's more profound yet accessible, and more reasonable than the analyses of major well-known global institutions that have been bullish recently."
Old Wu also chimed in.
"Old Wu is also starting to be bearish on the GBP exchange rate?"
Brother Chen smiled and said.
Old Wu replied,
"Before Brother Su's words, I was still a bit hesitant, thinking that Brother Su was perhaps overconfident in gambling so heavily on the GBP exchange rate. Now, looking at it... I feel that Brother Su's expectations for the GBP exchange rate and his trend analysis are actually the truly correct ones."
"Brother Su speculates that the next UK Cabinet will pass the 'Brexit via national referendum' motion. Is this prediction... really reliable?"
Old Zhang said.
Although he greatly admired Su Yi's insight, decisive action, and bold investment style.
He still had some doubts about some of the radical views Su Yi publicly put forward through the online platform.
After all, 99% of the world's well-known investment institutions believed that the UK would not leave the EU, and that the Cabinet would not pass the 'Brexit via national referendum' motion at all.
Naturally, he felt uneasy about such a view.
However, even though he had doubts about this view put forward by Su Yi.
He would not hesitate to use funds to support his position, because he believed that Su Yi's daring to spend hundreds of millions of dollars, betting all his accumulated wealth, was absolutely not a whim.
Furthermore, he had not invested much capital in the foreign exchange financial market.
Even if he lost everything, it would not damage his foundation or cause him to lose too much principal.
"Initially, I also thought that this 'Brexit via national referendum' motion would definitely be difficult to pass. But now that I've read Brother Su's article and seen him mention that the landlord's family has no surplus grain, is insufficient, and unwilling to continue helping poor relatives nearby,
I think... perhaps many members of the UK Cabinet secretly support Brexit. It's just that on the surface, for the sake of so-called political correctness, they dare not openly propose it.
However, now that public opinion has risen, with the support of the public, they only need to vote, and it will be easy to handle."
Brother Chen said.
"Analyzing from the perspective you mentioned, Brother Chen, Brother Su's point of view indeed seems possible. And once the 'Brexit via national referendum' procedure is initiated, regardless of the final public vote result, it will probably be bearish for the GBP exchange rate trend, right?"
Old Wu said.
"That's for sure,"
Brother Chen said.
"Anyway, I think Brother Su dares to put all his capital on the line to gamble against these foreign investors, so he must be confident,"
Xu Qiao didn't think as deeply as Brother Chen and Old Wu.
He just felt that with Su Yi's exquisite trading and precise judgment in the stock market previously, it was impossible for this to be a reckless gamble without confidence.
"I believe in Brother Su, so... in a word, just follow Brother Su. We didn't lose money following Brother Su in stocks before, and I believe this time, Brother Su can also defeat the Wall Street capital that is hunting him down in the GBP exchange rate market."
"If he can really defeat these Wall Street capitalists..."
Old Wu smiled, looking forward,
"Then Brother Su will truly become famous in one battle, genuinely enhance our national prestige, and avenge historical humiliations."
For more than twenty years...
Domestic capital had been repeatedly defeated, losing heavily, in the global financial markets by international capital led by Wall Street.
This directly led to domestic capital developing a fear of foreign capital in the international financial markets.
It even caused many domestic capitalists to lose the courage to invest overseas and enter the international financial market.
Facing Wall Street capital and other international capital that had always treated Chinese capital as fat meat on the chopping block, freely sniping and hunting, and facing the ridicule and sarcasm of foreign capital towards Chinese capital investing overseas, everyone, although not saying it aloud, had always harbored a suppressed anger.
They had always wanted to be strong once.
In the international financial market, they wanted to utterly crush the opponent once, to pull the opponent's arrogant face right in front of them and slap it hard.
Now, Su Yi, through a massive gamble of hundreds of millions of dollars.
Gave everyone this opportunity.
So, even if they felt the odds were not high, they would still instinctively follow with a few orders to support Su Yi in this long-short confrontation with international capital in the GBP exchange rate market.
"If that could happen... that would certainly be the best. However, hope is still slim. The GBP exchange rate has been continuously breaking upwards under the combined short-squeeze of major global capital groups.
At this time, the massive short positions in Brother Su's hands must have suffered very serious losses, and he probably doesn't have much available capital left."
Brother Chen said.
"Hmm, I hope Brother Su can hold on,"
Old Zhang said with a hopeful sigh after a moment of silence.
"It's a pity that in China at this stage, there are few who provide timely help, and still too many onlookers who kick people when they're down or are indifferent. Looking at the GBP exchange rate market, at the current stage, it's almost just Brother Su alone staunchly resisting the combined short-squeeze of other global capital groups."
Old Wu said helplessly.
"Everyone prioritizes their own interests, so this is not surprising. Anyway, I've supported as much as I possibly can."
Xu Qiao said.
As he spoke, he added a few more short orders near the 1.5155 point of the GBP exchange rate.
And just within the time of their discussion and chat.
At the same time, throughout the domestic speculative capital circle, many major speculative capital players who had previously clashed with Su Yi on the trading floor also began to move.
"I wondered why the 'Financial Street Fuxing Road' seat hasn't appeared on the market these past few days. Turns out they've moved to the foreign exchange financial market,"
Li Jinshi said, quite surprised, in the main speculative capital group of the 'Foshan Faction'.
"I have to say, General Manager Su's courage is truly admirable. How many talented people, how many big players, dare not touch this field, yet he actually put all his capital on the line in one go."
"I also don't understand the foreign exchange financial market. However, I feel we can support with a few hands."
Chen Guiyun said in the group.
"Following along speculatively is indeed an option,"
Liao Guoxiang responded.
He didn't believe he could make money in the foreign exchange financial market, but given the top-notch trading skills and opportunity-grasping ability Su Yi demonstrated in the domestic stock market previously, he felt that following with a few orders to support the other party, whether from the perspective of profit/loss ratio trading opportunities, or as a way for compatriots to band together to resist foreign capital's harvesting mentality, within the limits of acceptable losses that wouldn't damage his own foundation, there was nothing wrong with supporting speculatively.
Similarly, at this time, an increasing number of speculative capital players shared the same thoughts as the "Modu Ultra-short Gang" and "Foshan Faction" main speculative capital, and after long deliberation, felt that the profit/loss ratio was good and suitable for speculative shorting.
As for the countless retail investor groups gathered across the internet...
Seeing Su Yi's call to action and in-depth analysis articles.
Their attention also turned to the foreign exchange financial market, focusing on the GBP exchange rate trading panel, which had been continuously squeezed by major foreign institutions, risen to a relatively high level, and was experiencing abnormal currency fluctuations.
Moreover, under the influence of Su Yi's "Financial Street Fuxing Road" seat.
Numerous retail investors began to flock to the foreign exchange financial market, and at Su Yi's call, started to short the GBP exchange rate, establishing short positions.
This led to the North American trading session on June 1st and the Asian trading session on June 2nd.
In the GBP exchange rate market, the rate of new short positions for the first time exceeded the number of incoming long positions, pushing the GBP exchange rate back from its highest point near 1.5170 to the 1.5100 level.
"General Manager Su, after your online call, in 12 hours, new short positions in the GBP exchange rate market reached 100,000 lots."
On June 2nd, at 10 AM, Hong Kong, "Huayi Capital" branch office.
Wang Huaijin reported excitedly to Su Yi after compiling the real-time market data submitted by the company's investment data analysis department.
Su Yi nodded slightly upon hearing Wang Huaijin's words and replied,
"Far from enough, still far from enough. This small amount of new short position volume won't suppress the GBP exchange rate for long. I'm afraid that after the relatively low-activity Asian trading session, the global long-biased institutions that are continuously short-squeezing and hunting will quickly invest funds to reclaim lost ground during the European and American trading sessions."
"I think so too,"
Qu Zecai, the trading team manager, said helplessly.
"These institutions seem determined to exploit us. Unless we close our positions on a large scale to stop losses and exit, I don't think they will give up."
"But this is also within our expectations. The first stage of luring the enemy deep is almost over. Next... during the standoff stage, we'll see who can't hold on first."
Su Yi said.
"Any news on the information front?"
Su Yi's gaze shifted back to Wang Huaijin.
Wang Huaijin replied,
"There's no movement yet. The result of the UK Cabinet's deliberation on the 'National Brexit Referendum' motion has not yet come out, but it should be soon. There should be a result by 6 PM tomorrow at the latest."
Su Yi nodded,
"Good. Then we will continue to wait."
Currently, the funds invested by the company, plus the lost margin, total approximately nearly 300 million US dollars.
If future losses on positions caused by various international capitals continuing to short-squeeze are not considered, they still have nearly 500 million US dollars in available cash.
In other words, funds are relatively abundant, and it is not yet a matter of life or death.
If these hunting international capitals really want to force them into liquidation, based on the current holding volume, they would have to push the GBP exchange rate above the 5.7000 mark at least.
And a space of nearly 600 basis points.
Without supporting news, it's not so easy for the bulls to push it up quickly.
While Su Yi continued to wait...
Almost exactly as he predicted.
As time gradually moved from the Asian trading session into the European and North American trading sessions.
The international capital groups that had aggressively increased long positions in the GBP exchange rate market quickly pulled the GBP exchange rate, which had retreated to the 1.5100 level, back above the 1.5150 level, and continued to invest funds, driving the GBP exchange rate to continue its upward breakthrough.
Furthermore, amidst these capitals' continued investment in long-biased short-squeezing actions.
Su Yi's previous remarks published on foreign social media platforms, publicly declaring war on major international capital institutions, also caused quite a stir in foreign financial circles.
However...
Unlike the widespread support for Su Yi domestically.
Abroad, whether it was retail investors, speculative capital, or institutional groups frequently active in the foreign exchange investment market.
Their tone regarding Su Yi's remarks was filled with mockery and disdain.
"Oh my God, who is this Mr. Su from China? Does he really think he's George Soros?"
"A Chinese person who popped out of nowhere actually openly clamors about declaring war on Wall Street capital? I really don't know where this person gets his confidence."
"Huayi Capital, hmm... have you heard of it?"
"Never heard of it, ha... Shorting the GBP exchange rate at historical lows, serves him right to be harvested."
"He also said that the predictions of many large institutions in the industry like 'Goldman Sachs', 'UBS', 'Barclays', 'Citibank' regarding the GBP exchange rate, and the trend prediction of the 'UK Brexit referendum' event, are all wrong.
This person might really be crazy. How many senior analysts do these institutions have? Does he really think they're all incompetent?"
"Haha... Isn't Chinese capital just lambs to be slaughtered in the financial market?"
"Do they even have finance in their country? It feels like what they're playing with is what we had a hundred years ago."
"Just a backward country, do they even know what finance is?"
"Hey, but I heard this person really invested hundreds of millions of dollars in the GBP exchange rate market. Such a big piece of juicy meat, everyone must want a bite, right?"
"I heard these hundreds of millions of dollars are almost going to be liquidated, right?"
"I heard this person is raising funds everywhere to supplement margin?"
"Well, it seems the GBP exchange rate will continue to rise then, everyone... Aren't you going to speculate? This Chinese capital is bound to be liquidated, and with a large amount of short covering, the GBP exchange rate will surely soar. Going long now will definitely make a fortune."
"Haha, already built 10 lots of positions."
"Harvesting Chinese capital, that's what I like most."
Amidst the overwhelming opinion surge across all foreign online platforms...
The numerous foreign exchange investment institutions publicly declared war on by Su Yi, such as 'Huifeng Global Asset Management', 'Pacific Capital', 'Barclays Bank Foreign Exchange Trading Department', 'Navigator Capital', 'UBS International Capital', 'Nomura Bank Investment Department', 'Blackstone Global Asset Management Center Foreign Exchange Investment Department', 'Vanlico Hedge Fund'... and many other institutions already involved in the GBP exchange rate market.
Regarding Su Yi's public declaration of war, which they saw as overestimating himself.
From the bottom of their hearts, there was also a wave of mockery.
"This person is facing death yet is still so arrogant, I really didn't expect it."
During the European trading session, 6 PM, Hong Kong, "Huifeng Global Asset Management" Hong Kong branch's "Huan Yu" Hedge Fund trading room, Fund Manager Godfrey narrowed his eyes and said with a smile,
"Gerald, this person is really as you said, doesn't know the immensity of heaven and earth, lacks a clear understanding. It seems... this time, we should make a big profit and exit the GBP exchange rate market."
"This person indeed lacks a clear understanding,"
Gerald, a trader at "Huan Yu" Hedge Fund, replied.
"However, the market eliminates precisely these kinds of people. It's just strange... how can such a person accumulate hundreds of millions of dollars in capital and wealth in a short time through China's A-share market?"
"China's A-share market, huh. That's just a small pond, a so-called novice village of the financial market. It simply cannot be compared with the foreign exchange market. If it weren't for the strict foreign investment entry rules set by Chinese regulators, not allowing us in, their so-called stock market would have been ours long ago."
Godfrey said with a smile.
"Mr. Godfrey is right,"
Gerald nodded in agreement.
"Currently, in the GBP exchange rate market, the long and short positions should have both reached the million-lot level, right?"
Godfrey paused, then asked again.
Gerald replied,
"At the current position, long positions have crossed the 1 million lot mark, but short positions haven't yet. The current net long position is still around 200,000 lots. However, despite this, the total long and short positions have more than doubled compared to before 'Huayi Capital' intervened."
"This long and short position volume... It seems there's a very high probability of an exceptionally fierce long-short battle here."
Godfrey said.
"I think so too,"
Gerald said.
Godfrey smiled and said,
"But it doesn't matter. The more accumulated long and short orders there are, the greater the intensity of the exchange rate trend's explosion when the long and short forces become completely imbalanced, and the richer the exorbitant profits will be. I even feel... more and more people will see this point, and more and more capital and funds will intervene."
(End of Chapter)