God of stocks chapter 395
Chapter 395 Liquidation and Re-entry (2)
The KOSPI ended lower, not maintaining the uptrend at the beginning of the market, perhaps due to the fatigue of the continuous rise that continued in the second half of last week.
It ended at 1,558 with an ambiguous appearance to judge whether it is important to touch the 1,580 line once or whether it is still too early to try to break through the 1,600 line. He was still waiting for the movement of the US market as it was judged that it would be difficult to break through 1,600 with the power of the domestic market alone.
The question about the amount of investment by domestic financial companies mentioned at the meeting after the closing of the market seemed not to be the only idea of SH Partners. Questions began to be raised here and there, and in response, Fannie Mae and Freddie Mac’s investments, which were properly calculated by the FSS, were disclosed.
As of the end of June, the Financial Supervisory Service announced that the total investment amount of domestic financial companies reached 500 million dollars.
The story was announced to clear the eyes of the suspicion that had spread in the market, saying that it is small compared to Japan’s total investment of 9 trillion yen, and that it is not about the amount that domestic financial companies stumble upon when abnormalities occur.
Although it seemed like he was trying to somehow alleviate market anxiety, this announcement ignited the fire in raising market anxiety.
Starting with doubts about whether they would have invested in only that, they began to look more intensely at domestic financial companies with doubts about what standard was calculated.
In addition, since it was a story that came after a glimpse, the credibility of the figures had declined sharply. The market even started to talk about the fact that if more suspicions were sent to the Financial Supervisory Service here, the amount may be released in an increased state.
It was an announcement that proved that trust, once broken, is difficult to recover and only raises doubts. Rather than not, the announcement that domestic financial companies had created a chance to plunge into a collapse.
“Bank stocks seem to be bombed. Foreigners and institutions pour out each other as if they were trying to sell more.”
Bank stocks were showing a decline of -5% on average. A unilateral sell-off was coming out so that the supply and demand were twisted to the extent that the word bombing delivered by the employee was appropriate.
The number of copies of the program that was shown a while ago also disappeared. Only the personal buying tax was holding on to the pouring selloff.
“The index is also accelerating its decline. It seems like the 1,500 line will collapse?”
It fell by more than -3%, and even the 1,510 line collapsed.
Sang-hoon Lee walked around the office and gave instructions.
“Today’s lunch will be replaced by eating early dinner after the market closes. Let’s start liquidating from lunch. Now get ready and go in as soon as the preparation is finished.”
“Isn’t 1,500 broken yet? Are you organizing at your seat right now?”
The moment the 1,510 collapsed, it was in a position that wasn’t much different from the 1,500, but until now, it meant that the 1,500 were broken, so Kim Hee-yeol asked if he meant to sort out the 1,400s.
Lee Sang-hoon also knew what his words meant. It was the same for him, too. I saw 1,400 and thought I wanted to throw it.
However, I gave instructions with the thought that there was no second time thereafter.
“It’s unfortunate that the number 1,400 is, but let’s get back to when the stock is out. When I first saw 1,400, there is an expectation that it will come again, but if I miss it now, there may be no next. This is not a loss, so let’s proceed with it.”
As the index fell sharply, the selling volume was exploding. Lee Sang-hoon did not want to miss this downside sell-off as he had a lot of stock.
“It’s easier to liquidate when the index comes out of this product than to buy when it rebounds, so target this afternoon and tomorrow morning to organize the quantity.”
Kim Hee-yeol grasped Lee Sang-hoon’s intention.
After quickly checking the amount of lending in the accounts, they started handing out their shares to the employees. Employees began to buy and liquidate immediately after receiving the quantity from Kim Hee-yeol.
Since it was not one or two stocks, the amount each received was burdensome, both in terms of amount and number, but the market was helping, so we could enter liquidation without difficulty.
As Lee Sang-hoon thought, it was easy to buy and liquidate when the sales volume exploded. This is because liquidation was being carried out just by putting it underneath and not following it.
The selloff was throwing a large amount as if he wanted to say that he was grateful for the amount of SH Partners Lee Sang-hoon.
“The Financial Supervisory Service helped us. If you’re not an amateur, and you’d rather frown, you should’ve done it all the way. I did something right.”
From the beginning, if Korean financial companies had announced the amount owed to the two major mortgage companies, this kind of suspicion would not have arisen. Or, like Kim Hee-yeol’s words, he had to hold it all the way through.
However, at first, the mayor was stunned by saying that it was impossible to grasp it, but only then, when the mayor looked out of doubt, announced it, and lost trust.
The Financial Supervisory Service has turned the market’s eyes from the United States to Korea.
“Is it because we have a lot of stock or is we trying to keep 1,500? We are not breaking the 1,500 somehow.”
As Kim Hee-yeol said, the index showed that SH Partners was slowing down below the 1,510 liquidation volume. Even though it went down to 1,506, the buying tax to collect the selling tax also came in, making the index stand up. And the biggest force in the buying trend was Lee Sang-hoon’s SH Partners.
“Because over 3% has fallen, it means that it has fallen enough. Now tomorrow will be the problem. It seems that the direction of the market can be determined depending on whether we can’t keep 1,500 tomorrow or break it tomorrow.”
“But we have no problem with our plans to run out tomorrow morning, right?”
“Yeah. I just push it out. The downtrend is likely to continue until tomorrow morning unless there is a specific story in the US. And looking at the speed of being robbed today, I don’t think there will be much left. The speed is faster than I thought.”
Lee Sang-hoon smiled satisfactorily at the speed of liquidation faster than expected. I thought that if I go this way, I don’t have to regret not seeing the two digits in front of 14.
As Lee Sang-hoon said, the decline continued the next day.
In the United States, the chairman of the FRB, Bernanke, came to the parliamentary testimony to testify about the economic slowdown, turning the mood from the fear of inflation that has weighed on the market so far to the fear of a recession.
Contrary to the appearance of Europe responding to inflation by raising interest rates, the U.S. is concerned about the recession rather than concerns about inflation, and there is no interest rate hike in the future.
As a result of that, the U.S. fell by more than -2% during the intraday. The market seemed to react sensitively to the word of recession.
And oil prices were formed above $145, and when they were trying to move towards $150, they changed direction sharply and plunged downward. At one time, it fell by more than $9, and it recorded the largest drop in 17 years in terms of closing prices, proving that supply and demand imbalances, strikes in producing countries, and instability in the Middle East are all less than the US economic downturn.
Oil prices plummeted due to concerns that the US economic downturn could lead to a decline in international oil demand.
This effect was also passed on to the domestic stock market.
“But yesterday’s fall was so big, so I started off a little. I’m glad it didn’t scoop too much. I think I can do it well as I thought.”
The index was starting at 1,518 over 1,510. However, 1,518 was just the starting point, and within 5 minutes of starting it, it fell below 1,510 and attempted to subtract the base of 1,500.
“Let’s go in order. magneton. I do everything before lunch.”
“Bank stocks are plummeting again. Wow how do you do this? Financial stocks seem to be unanswered.”
“What do you do?”
“Tea team leader. Mr. Cha Myung-jin. Yesterday and today alone, more than 10% fell down… … .”
“Who would you blame for your choice? Please do your best to organize it in a time that others care about. Let’s shake off quickly and have a delicious lunch.”
Lee Sang-hoon encouraged the employees. The employees were driven by the thought that this was the last time. This is because I was desperately thinking of wanting to finish realizing profits quickly.
The index eventually accelerated the decline starting at 11 o’clock and then broke through the 1,500 line.
“It really has 1,500 holes. It was a long house… … . Could it be that I’m going down like this? If it is pierced here, isn’t it that there is no underneath?”
“Let’s not be disappointed. We have made enough money. We can regret it after counting some money, so let’s organize our profits.”
Lee Sang-hoon thoroughly read Kim Hee-yeol, who is regretful. And his words were also words to himself.
Because he was a human too, I wondered what if I waited without organizing it as if he was going to collapse without the underlay.
“Bank owners are good people. Banking stocks are leading the index with down to -8%. I can’t see the coach, but I’ll cry. As the CEO said, I wonder if the team leader is crying. When the coach team leader cried, he said he would clean up, but that’s great.”
Lee Sang-hoon responded with laughter to Kim Hee-yeol’s words.
Bank stocks were causing the index to crash. As an extension of the previous day’s announcement, rumors spread that banks and financial institutions could suffer more losses than were revealed.
The Financial Supervisory Service held a press conference again to calm these rumors and tried to alleviate market anxiety, but the turmoil did not easily subside.
“All liquidation is complete.”
As Lee Sang-hoon wished, the liquidation was completed before 1 pm, before lunch break.
“Thank you.”
Lee Sang-hoon asked each employee to shake hands and expressed his gratitude for the hard work. When I greet all of the staff and chat with them, someone shared a story about Aiming House.
“Aiming House has entered the upper limit?”
“Yeah?”
In fact, it was Lee Sang-hoon, who expected the fall of Aiming House at the end of the collapse of oil prices. I thought that the collapse of oil prices was a bad thing for Aiming House because it was good for Aiming House only to increase the oil price.
So it was Lee Sang-hoon, who tried to talk about stopping the decline of Aiming House again by taking a breath at the end of the liquidation.
However, Lee Sang-hoon could not know how the situation was going back to the sudden upper limit of Aiming House.
“The government has announced that it will invest more than a trillion in alternative resources. Aiming House seems to have skyrocketed with the news that it has been designated as a new growth engine.”
“I think the will to raise Aiming House is also firm.”
“Then has the rally started again?”
“If you think this is your second rally, you’ll try to raise it to more than 5,000 won. Now we can just spend time checking only Aiming House well.”
“Then buy… … . Would you like not to buy it?”
It was Kim Hee-yeol, who asked if he would set the timing to buy because he had liquidated the loan transaction. This is because Lee Sang-hoon, who has watched so far, often shows switching after this type of trading.
“no. We do not buy. If you take a seat and proceed with the lending transaction again, you will proceed, but think that there is no purchase in the future.”
“You’re not buying? Are you doing a loan transaction again?”
“Yeah. I hope it goes up to the 1,600 top. If that happens, I’ll be able to beat it again and again.”
“You have another loan deal at 1,600?”
The employees who had been chatting while drinking beverages with ease after liquidation looked at Lee Sang-hoon with amazement.
In their late 1,800s, it was the employees who thought the seats were too good to hit the loan deal.
It was SH Partners, which made about 20% of profits from the first loan transaction alone, and about 10% from the second loan transaction. Lee Sang-hoon’s words that he was going to do a loan transaction once again could not help but be surprised at the situation where the two loan transactions made more than 80 billion won.
In addition, it was said that the next target was 1,600.
“If you go up to 1,600, isn’t it okay to say that you have turned?”
“I do not know. You’ll see that later. But I don’t think it will end like this. It doesn’t look neat to end like this.”
“is that so?”
Kim Hee-yeol and other employees could not object to Lee Sang-hoon’s words. It is because they were the people who had seen Lee Sang-hoon’s readings, which are the same as the Shingi that has been shown so far.
Lee Sang-hoon told the staff that he would relax today and left. This is because I felt that there was no reason to sit down and look at Jisoo in the yard that had already been liquidated.
Jisu continued to fall down after lunch.
After breaking 1,500, it collapsed to 1,490 and fell to 1,488, reaching the lowest level in 18 months. Until now, even those who had been inclined to adjust in the uptrend could not disagree with the appearance of the downtrend.
As the downtrend continued, as 2 o’clock passed, the national pension side started buying and raising the index. As if it was thought that it should not be left as it is, the purchase of pension funds unilaterally started raising the index, and the market ended at 1,507, which kept the deadline at 1,500.
It ended in an ambiguous position even though it seemed that it kept 1,500, but it was not.
Oil prices continued to plummet the next day.
It fell by more than -4% and paid up to $135. The market judged that the money, which seemed to be speculative funds, was all falling out of oil prices, and opinions began to rise one by one as to whether the rise in oil prices would be curtailing.
Despite this decline in oil prices, Aiming House’s upper limit continued.
It broke the 3,000 won mark and climbed, and was ready to continue its association with the appearance that the transaction volume has decreased significantly compared to the previous day’s upper limit.
The index started with a soaring appearance, as if forgotten the sharp decline on the previous trading day when the House of Representatives announced the economic stimulus plan.
“Wow. Good job to liquidate. It rises bloody.”
The index showed a sharp rise to the extent that it was correct that it had shown a drop of over 1,500.
Following the US, Korea also sent cheers for the stimulus package that expressed the US willingness to overcome the recession.
korean novel God of stocks chapter 395
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