A listed state-owned enterprise cooperated with two other large enterprises to issue a tender offer to an exchange.
State-owned enterprises are desperately raising prices, which are unreasonably high. As soon as I saw the exchange, I was stupid. Eight hundred dollars for more than four hundred things is totally unreasonable, and it will fall sooner or later. There are already many sales orders in hand, and we are still adding positions.
A state-owned enterprise secretly bought all the spot, and booked all the spot in the producing area and farmers in advance.
As the delivery date approaches, the price of the exchange has risen to nearly 1000 yuan. If the price does not fall, you can only go to the market to buy the spot and deliver it at the price of 1000 yuan. The market price is generally 400 yuan, and the profit is considerable.
When I arrived at the place of origin, I found that the spot was fully booked, and it was even more difficult to buy a catty.
That's it. If it can't be delivered smoothly, it will be forced to close the position on the delivery day. If the current price is nearly 1,000 yuan, the loss will be huge.
It is really amazing that a state-owned enterprise actually set up a game to let the exchange win this move.
The next day, before the trading day. The exchange announced that the price of this variety fluctuated greatly recently, and the huge amount of money was day trading. The related transactions of this variety will be investigated.
On the first day of the investigation, the exchange cut off the network of state-owned enterprises for market transactions, removed computers and frozen accounts.
During the investigation, the place of origin was still in production, so the exchange bought it slowly. Then get it to the market for delivery.
This survey has been done for two months, and no one bought it, but they all sold it. The price dropped sharply, falling below 400 and 300. Finally, 260 yuan.
Well, the investigation is over. There are no special problems. You can keep trading.