Hollywood Hunter

Chapter 120 Collapse

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The roller coaster-like index turmoil lasted for more than half a month. On September 23, when the S\u0026P 500 index fell below 310 points, Noah Scott finally received Simon's order to close his position again. From September 23rd to September 25th, in three days, the 6,000 short contracts held by Westeros Company were cleared at an average of around 307 points, and Simon made another profit of $76.26 million.

In addition, one month after the release of "Lola Run", due to the close cooperative relationship between the two parties, Orion Pictures did not deliberately delay, and readily paid the total box office of 32.51 million US dollars due to Westeros according to the contract. divided into.

So, excluding the loan that is no longer ready to be used at all, before the final layout, Simon's total funds have reached 387.33 million US dollars.

When Noah Scott and others were still wondering about Simon's conservative operation intentions in September, the clearance ended, and after a few days of silence, on September 30, Simon suddenly removed Westeros' accounts in Lehman Brothers' account. All funds are transferred out.

Noah Scott finally realized that whether or not Simon discovered Lehman Brothers' intention to follow suit, the other party was wary of them.

Wall Street is not big after all, what’s more, the stock index futures market is still using the trading model of on-site manual outcry. The trading line of stock index futures on the Chicago Mercantile Exchange is actually very obvious. So, after a bit of observation, Noah Scott basically concluded that Simon had spread his funds into the hands of several other brokers, and started taking big short positions again.

However, Simon's "missing" operation in September made Lehman Brothers doubt whether to follow up. Moreover, another major client of Lehman Brothers, Quantum Fund, started to build a long-term contract with Westeros at the same time as Simon at the same time, which made Noah Scott and others more hesitant.

Although it is not as popular as it was later, George Soros's quantum fund has been established for more than ten years, with an average annual return of more than 30%, which still makes him famous on Wall Street.

On one side are the high-performing hedge fund tycoons, and on the other are the sudden rise of Hollywood geeks.

The actions of the two are completely opposite.

After several hesitations, James Robinson, who made the decision behind the scenes, still failed to make up his mind, and just told Noah Scott to watch from the sidelines.

$500 million in cash is not to be underestimated by any company in this era, and if the funds held by Noah Scott fall into losses, the dark market operation will also be easier to expose. At that time, James Robinson's CEO position of Express Company will not be considered any more.

Lehman Brothers fell into wait-and-see, but time would never stop.

In the last fight, Simon also let go of his hands and feet completely.

Since October 1, several futures brokers that Simon has secretly re-identified began to aggressively build positions at a rate of 2,000 contracts per day. At the same time, the North American stock market also began to accelerate its downward trend after entering October, and the S\u0026P 500 fell to a low of nearly 280 points again in just two weeks.

...

Here in Los Angeles.

At the same time as "Pulp Fiction" was completed, "When Harry Met Sally" was officially launched in New York on September 14.

Simon completed the filming of "Pulp Fiction", and did not immediately enter the later stage of the film, nor did he rush to New York, because the final cut of "Death Is Coming" was also completed in late September, and the film was 10.23. There is only one month left in the release date.

With the supervision of Amy Pascal, Simon is not worried that Fox will not do his best in the announcement of "Death Is Coming", but, in order to accumulate some experience for Daenerys Films to do film distribution in person, Simon still personally participated in these at work.

With a lot of work juggling, time inevitably flies by.

These days, Paramount Pictures' drama-thriller "Fatal Attraction," starring Michael Douglas, is an unexpected box-office hit.

Although it was thrown into the unpopular schedule at the end of September, which also belongs to the cemetery level, in just four weeks, the box office of "Fatal Attraction" has been close to 50 million US dollars. After "Beverly Detective 2" and "Beverly Detective 2", it is another film that is expected to break through 100 million at the North American box office.

The box office success of "Fatal Attraction" made Simon think of another more famous film by Michael Douglas, "Instinct".

After several successful internal previews of "Death Is Coming", Fox began to urge Simon to complete the last script in the original contract as soon as possible. After being reminded by "Fatal Attraction", Simon wrote the outline of the script for "Instinct" in recent days.

In the blink of an eye, it's Monday, October 19th.

Inside the mansion in Palisades.

Just after four o'clock in the morning, Simon had woken up, and there was no sleepiness at all.

After getting up, he went directly to the study next to the master bedroom. Leaning in the large leather chair, Simon did not rush to pick up the phone, but once again flipped through the recent trading reports of several futures brokers and the stock market report these days. .

From October 1st to October 16th, during the 12 trading days, Westeros Company established a total of 26,700 short contracts in the S\u0026P 500 index between 300 and 280 points, and the positions of each account were all A staggering 100%.

pressed the full $387.33 million

Funds, even if he has absolute certainty in his heart, when things come to an end, Simon can't help but feel uneasy.

Fortunately.

Some things in memory still happen on time.

Just yesterday, US Treasury Secretary Baker claimed on TV that the US will continue to consider devaluing the dollar if the Federal Republic of Germany does not lower interest rates. It is obvious that a certain commodity will definitely drop in price, and the holder will definitely choose to sell it. If the dollar continues to depreciate, it will naturally lead to capital flight.

The North American stock market was already showing signs of collapse on Friday. On October 16, the Dow Jones index fell from the highest point of 2700 in August to 2200. The trade deficit and financial deficit in the United States deteriorated again in the third quarter, which has already made the North American stock market appear precarious.

Baker's utterly inappropriate speech on the TV show was the last straw on the camel's back.

Simon believes that many things never happen for no reason. Therefore, Baker's speech on the TV show yesterday and the media hype immediately made him think of the level of conspiracy theory.

Of course, these things have nothing to do with him.

Even if the U.S. economy returns to the Great Depression again, he won't feel much.

The opening time of the New York Stock Exchange is 9:30 Eastern, and the opening time of the Chicago Mercantile Exchange is 8:30 Central Time, which is actually synchronized with the New York Stock Exchange.

As for Los Angeles, Simon just has to wait until 6:30.

However, just after 6 o'clock, the three phones that Simon had specially installed in his study these days rang one after another.

Although the stated trading time is half an hour, in practice, floor trading on the New York and Chicago trading floors often begins before the market opens.

Before raising the funds from Lehman Brothers, Simon had secretly opened stock index futures accounts at Goldman Sachs, Morgan Stanley and First Boston, three investment banks with futures brokerage businesses.

In fact, Simon still didn't know anything about Lehman Brothers' previous secret follow-up, but he also believed that the other party must have noticed his actions during this time. However, when things got to the point now, Simon couldn't care too much.

If Lehman followed suit, it would at best add some resistance to Westeros' unwinding over the next few days. However, Simon did not believe that Lehman Brothers would easily expose the previous trading records of Westeros to other investment banks, prompting Goldman Sachs and several other companies to follow his position.

The competition on Wall Street is very fierce. Once Lehman Brothers does this, competitors like Goldman Sachs will definitely not mind dragging anglers into the water while eating the "bait" thrown by Lehman Brothers.

Traders from Goldman Sachs, Morgan Stanley and First Boston successively informed Simon on the phone that there were still more than 20 minutes before the opening, and a large number of long contracts had been sold in the Chicago Mercantile Exchange, and the lowest quotation had even reached 253. Compared with 281 points at the close of last Friday, it plunged 28 points, or nearly 10%.

Simon's first trade took a full month and a half before the S\u0026P 500 rose from 270 to 290.

Now, just one weekend later, and just before the market opens, the S\u0026P 500 is down 28 points. Even from thousands of miles away, Simon could imagine what a dark cloud would be in the halls of the New York Stock Exchange and the Chicago Mercantile Exchange.

Janet came in at an unknown time, still in her suspender pajamas and barefoot. However, this time, the woman was not like the lazy kitten in the past, her eyes were bright, and she no longer leaned into Simon's arms. She quietly pulled a chair and sat across from the desk, listening to Simon keep talking to Chicago. while on the phone.

Although the quotation has fallen by 28 points, more than any of the previous rounds, Simon still very decisively rejected the trader's suggestion to close the position.

After answering and making three calls in a row, Simon put down the phone, Janet's eyes flashed, and her expression was obviously a little uncertain and asked: "How much?"

"It's down to 253."

Simon said, picked up the remote control, and turned on the TV that was also installed in the study in recent days. The chaotic scene in the New York Stock Exchange appeared directly on the screen, and the host was almost trembling. 's explanation.

Through the host's words, starting at 9:00 a.m. Eastern Time, the New York Stock Exchange has also accumulated a lot of stock selling in just ten minutes.

After listening to the report on the TV screen quietly for a while, Janet turned her head to look at Simon, her expression was obviously a little excited, fearing that the world would not be in chaos, and she whispered: "Hey, dear, you think you will fall How many?"

Simon looked at Janet and wanted to pinch the woman's nose, but he just shook his head and said, "It's so messy, how could I know."

Janet's eyes flickered a few times, and she pouted, but she stopped asking.

Although I understand that Janet must be aware of something, in any case, it is absolutely impossible for Simon to admit it directly. This is not to say that he doesn't trust Janet enough, but that his experience is too unbelievable, and Simon simply can't deal with the consequences of certain things being exposed.

On the TV screen, among the chaotic images of continuous switching between major exchanges, the last ten minutes passed quickly.

At 6:30 Los Angeles time, the New York Stock Exchange and the Chicago Mercantile Exchange opened at the same time.

Over in New York, the Dow Jones fell 67 points at the open, and then began to plummet.

Chicago

The situation in the Colombian Commodity Exchange is even more shocking.

The S\u0026P 500 gapped down and opened directly after the opening bell, plummeting from 281 points at the close of last week to 198 points, a terrifying 29% drop.

The average number of open positions on short contracts held by Westeros is around 290 points.

At the S\u0026P 500's low of 198, each of Simon's short contracts has generated a paper gain of $45,000, a profit margin of more than 300% relative to the average $14,500 margin.

Of course, Simon did not expect to be able to close the position at the lowest value of 198 points.

Since the stock index futures market at this time does not adopt a daily debt-free settlement system, as long as sufficient margin can be added before tomorrow's trading, most of the wrong long contracts will not be forcibly liquidated. Therefore, only those who have no prepared chips at all will choose to leave the market. The number of short contracts closed today is definitely far lower than usual.

So Simon just locked the closing range between 200 and 210.

Even if it is calculated at 210 points, the short contract held by Westeros can still achieve a single profit of 40,000 US dollars, which is enough.

Moreover, while closing the short position, Simon did not hesitate to backhand again to establish a long contract at the same 200 to 210 points.

October 19, 1987, was undoubtedly a long day for many.

While Simon kept answering the phone, he felt that the day was over quickly.

When the Chicago Mercantile Exchange officially closed, it was just past noon in Los Angeles.

After statistics, of the 26,700 short contracts in the Westeros company account, only 8,300 contracts were finally closed in one trading day, and 18,500 contracts remained in the account for processing. In addition, Westeros The number of long contracts that the company re-opened between 200 and 210 also reached 3,500.

In the final telephone exchange, Morgan Stanley's trader's tone was obviously regretful, and the words implied that Simon was too greedy. If Simon were able to set the limit higher, Westeros could close more than half of its positions today.

Now, once the federal government steps in to save the market, perhaps just tomorrow, the S\u0026P 500 may rebound sharply, and Simon will completely miss such an opportunity to make more profits.

However, Simon didn't care too much about the trader's regret.

As long as things don't change too much, he has at least two days left.

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