Mediterranean hegemon
Italy, here I come Chapter 22 Shorting Germany (2)
Looking at William's back as he walked out of the box, Contini complained to Antonio: "This agent talks too much, and there seems to be a problem with his service attitude. Can he be replaced?"
Antonio shook his head: "This is an agent who has always been in contact with the family. Although he seems to talk a lot, he is actually very tight-lipped. I have investigated and found that he has never disclosed client secrets to the outside world. The reason why he talks so much is actually just It's just a good idea to remind us. Besides, he is very capable and loyal. The orders you asked him to place are better than the entrusted conditions, which is very commendable..."
"How do you say this?" After all, Contini grew up in the era of electronic trading. He didn't understand the mysteries of the artificial era, so he humbly asked for advice.
"For example, you just set the order price at 4100, and he placed the order at 4085, which is a full discount of 15 marks. If he is evil, he can collude with the other party's broker and place an order with 4100, but actually only charges the other party 4085. Using two The customers may not know the advantage of the difference between the two entrusted prices, and then share the profits with each other - on the surface, they all strictly implement the customer's entrustment. "
Contini was shocked. It was really possible to take advantage of the price difference because customers were not trading face-to-face and were inherently opaque. He quickly asked: "A lot of people do this? Does the exchange not care?"
"No matter! Why don't you ignore such a thing that greatly damages your goodwill? But discipline is one thing, reality is another. Things are very complicated, especially when the market is one-sided, and it is not easy to detect some manipulation. Antonio smiled, "The order just now was wiped out when it reached 4,000. You just think you are unlucky. Do you still care about whether it was a short sale at 4,100 or a short sale at 4,085? After all, no matter which price it is, By 4000, everything has returned to zero.”
Contini suddenly realized: "That's it. It seems that you have more experience than me. Otherwise..."
Antonio shook his head: "I know the details of the operation, but I may not understand the trend. The master said that you will be fully responsible. I will not interfere. You can use it according to your ideas. I will only intervene when I have to. But it is still early. "Very well, you have 3 billion marks in promissory notes, worth nearly 700,000 US dollars, and you only used less than 6,000 US dollars, not even a fraction."
"Actually, it's not just 700,000, it's 750,000." Contini smiled slightly, "I also brought another $50,000 in bank checks."
Antonio asked strangely: "Where did this 50,000 come from?"
"I made more than 500,000 liras from speculation last time, and the total capital was almost more than 700,000. I left more than 100,000 liras for the newspaper as funds, and the remaining 600,000 was exchanged for 30,000 U.S. dollars. The other 20,000 U.S. dollars belonged to Poti. ...He heard that I was coming to Germany to engage in speculation, so he took 400,000 lira to join in the fun, and the total was exchanged for 50,000. "
"Youth Daily" newspaper is now a strange existence. It is affiliated to the Youth League. The specific directors and office staff are all members of the league, but it relies on other sources of funds to maintain its operation. The rights, responsibilities and benefits are very unclear. Contini said this I know it well, but I really can’t make it too clear now. Because the newspaper itself does not make money and still needs money continuously, it has become an operating organization that is responsible for its own profits and losses and is guaranteed to close down immediately. In addition to being unable to be financially independent, the newspaper's personnel are also not independent. In fact, such a large newspaper has no formal employees, and almost everyone is Students from the alliance come to help on a voluntary basis, but 500 liras per month is definitely not considered a salary, and is considered too low as a subsidy. Once the real entity operates, people's hearts will immediately disperse - what kind of enterprise is an entity that cannot pay wages?
The reason why it is so vibrant now is that on the one hand, everyone treats newspapers as their own children, taking care of them and growing together. Many people stay in the newspaper office except for studying. This atmosphere of common struggle is stronger than any entrepreneurial spirit; On the one hand, this is because the newspaper is currently a political tool of the Alliance. It has no profit goal and only aims to spread the voice. Therefore, there is little interference in writing articles and there are few utilitarian ideas. Contini has prestige and everyone does not regard him as their boss. , treating him as a leader and a friend, and their goals are consistent.
If Contini really regards the newspaper as his own business, others will not say anything - after all, everything from funds to personnel is Contini's hand, but their mentality will soon change, so they must find a Proper handling. The best way is for the alliance to become a real political entity. The newspaper, as the organ of the alliance, is run by the alliance. No one is the owner of the newspaper but only serves the newspaper. In this way, there is a sense of ownership. It would be even better if the newspaper could increase subsidies or raise wages. ideal. Of course, when the newspaper is truly nationalized and formalized, the situation will have to reconsider professionalization rather than part-time business, so Contini will give the newspaper enough money to grow it, and then consider formalization and materialization.
In a word, development is the top priority, and standardization is the follow-up requirement. There is a time difference between the two, but they are indispensable. Only development without standardization will lead to barbaric growth. Only standardization without development will lead to lifelessness.
"It seems that Poti trusts you very much?"
"Because I made him make money... Last time he speculated, he took 300,000 lire from his family, and ended up making nearly 200,000. After spending a lot of time and drinking, eating and buying a car, he still had more than 400,000 lire left. Grandini was very satisfied and gave all 300,000 yuan to Poti with a wave of his hand. The price was that he would not ask his family for pocket money again before graduation. Poti would have to work after graduation, and there was no reason to ask him for pocket money... Of course he got married. The superintendent will still arrange for large expenditures such as buying a house and so on. Poti agreed on a whim and was afraid that his father would regret it, so he signed a note on the spot. "
Antonio burst out laughing: "Grandini bought out his son's pocket money with 300,000 lire and stopped the constant blood loss, brilliant!"
Poti only knew that Contini was going to Germany for inspection, but did not know that he was going to engage in speculation. He thought he was going to engage in industry or resell vehicles. He knew that the Ministry of Transportation was rich, so he gave the money to Contini. Tiny looked at investment, it didn’t matter if he didn’t make money, as long as he didn’t lose money. Although Poti is often unreliable and his playboy style cannot be changed, there is nothing to say as a friend and he can help you. When he thinks of Poti doing so many things for the newspaper, Contini will naturally not I treated him badly.
The mark's price hovered around 4,000 for about an hour, and finally broke through 4,000 and went straight to 3,950. At the 3,950 mark, Contini asked William to place 30 sell orders. Now he has a total of orders worth 500,000 US dollars. But the critical moment at 3950 lasted for nearly 40 minutes, and then it continued to pounce slowly but tenaciously towards 3920.
William looked at Contini with a look of regret. He had lost nearly $10,000 on these orders in the morning - equivalent to 20 years' salary of a German engineer. He didn't know why this young man could still laugh. I hope he wasn't pretending. Calm.
"It's almost closing at noon." Contini looked at the time and calmly ordered, "If you open another 50 orders, just place the order at 3920."
"Sir..." William couldn't bear it any longer. Although professional ethics could not be violated, he felt that he had a hard time with his conscience and it was necessary to remind him again.
"I know what you're thinking, but don't worry about me. I have more cards than you think..." Contini smiled slightly and motioned Antonio to take out the cashier's check from his briefcase, "This is 3 billion marks. Please enter this account to offset the previous order!”
It took a long time but it was a false alarm. The customer had a Mark Promissory Note in his hand. The operation just now was actually only equivalent to an exchange. However, he felt a little bit of pain. If he did not place the order at 4085, he could go directly from 3920. Next, you can exchange a lot more US dollars.
Antonio saw what he was thinking and said with a smile: "The money was issued at the price of 4,500. It was supposed to be converted directly into US dollars, but the bank said it was inconvenient and they had to take it back to the country to exchange it. We didn’t have much time to waste, so we came directly…”
William finally understood why Contini could laugh as if nothing had happened: If the bank had exchanged it at 4,500, he would have lost 12% by now, and he would have reduced his losses by at least 10% if he waited until now to exchange it!
"It will be settled normally after 3 working days. During this period, the money in transit can be used as a deposit. Please sign the power of attorney. The bank will ask you to sign in person later."
Contini nodded and pointed to the blackboard with the price in the venue: "In the last few minutes before the market closes, place an order and sell it for 3,900, 100 pieces!"
William took a deep breath: "Okay! I understand!"
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