God of stocks chapter 408

Chapter 408 Burning, Not Watering (3)

Lee Sang-hoon picked up the teacup in front of him, drank a sip, and spoke to Kim Hee-yeol.

“Let’s wait for the pull up during Chuseok and enter. If the good news breaks out in the US between Chuseok, it can’t be helped, but if the bad news breaks, it will come down as much as it was forcibly uploaded. … .”

“Isn’t that really gambling? You can turn it like this and go up. There is no guarantee that it will fall after Chuseok.”

“You’re right. It could be gambling. But now, if one good news comes out, it’s a market where 10 bad things come out. Will only good news come out in such a market? I don’t think so. And this Chuseok is on weekends, so there is only one day off on the actual trading day. It means that even if something changes in the US, we have plenty of time to respond to it. It’s worth taking a challenge at such a place. The profits are pretty good anyway, so let’s bury them and burn more and run.”

Kim Hee-yeol shook his head.

Hee-yeol Kim, who thinks differently from ordinary people, seems to be trembling in his heart, but he couldn’t understand how he talked so casually.

When I sold it at 1,900 and burned it again at 1,600, my heart was beating. But now it wasn’t 1,600, but it meant hitting the amount from below. It was an idea that ordinary people couldn’t.

Lee Sang-hoon tapped Kim Hee-yeol on the shoulder and said.

“Let’s go. I’ve already come this far, but I have to check where it will end. is not it?”

“okay. okay. If you go, I go too. First of all, I’ll clean up Taeeun’s LCD and check the scale that can hit the lending deal.”

Lee Sang-hoon nodded and looked at Jisoo, who is still keen on the 1,400 test. After breaking 1,400, the hurried rise was the same as what was previously shown in the meaningful water level.

‘After that, there was always a wake up appearance.’

Lee Sang-hoon did not think that he would break 1,400 at once because he had Chuseok in front of him. However, I thought that just touching it like a pill in this way meant that I wasn’t thinking of my current position as a support position.

If it was a support position, it was normal for a strong rebound.

It only takes a little time. Obviously, 1,400 would be broken, and I had no doubts, believing that a moderately rising rebound would make good profits by breaking 1,400.

While Korea showed a slump in the 1,400th place ahead of the Chuseok holiday, the Dow index of the United States failed to rise above the 20th line and turned its head down due to the bad news of the employment index.

The job market, which was expected to improve, was hitting the worst, making the economic outlook for the second half of the year darker, and the price of oil, which broke $110, is now a burden to the market due to bad news.

When it exceeded $140, the high oil price march caused inflation and became a sandbag to catch the market, but when $110 broke, it played a role in capturing energy-related stocks and pressing the index.

Now, whether the oil price rises or falls, it has become an ugly person who only adversely affects the index.

The U.S. showed a drop of -3% in all three indexes due to the unrest in the job market and the sharp decline in oil prices, fueling the KOSPI’s 1,400 breakthrough.

However, even such a plunge in the US market could not survive the Chuseok season.

By breaking through 1,400 through the gap, Korea also seemed to see a sharp decline in the near future, but soon recovered 1,400. The mayor was once again reminding the greatness of the holiday rally.

“What happened to Taeeun LCD?”

“I’ve done everything, but is it okay?”

“What are you talking about?”

“Now the index… … . It is estimated that the simultaneous bid price will start jumping by more than 2%.”

“Yeah. Yes.”

Lee Sang-hoon turned his head as if he knew everything, and confirmed that the same song was caught and continued the story.

“Then, after cleaning up Tae-eun’s LCD, please check the remaining profit and balance and how much we can proceed with the loan transaction through the balance. As I said a little while ago, it was said that the consolidated disclosure of loan transactions will take place next month. Every evening on the Securities Association’s website, details on lending transactions are disclosed in detail by overall, industry, and stock. Even though investor data is private, it means that our position will be exposed, so we need to hold our position well before it is released.”

At the loading conference, Lee Sang-hoon was talking about the changes in the lending trading system to be implemented from next month. However, the eyes of Kim Hee-yeol and other employees were fixed on the price of the concurrent issue price, which was constantly changing.

Eventually, Lee Sang-hoon was unable to turn their attention, so he talked about the announcement that took place in the United States at dawn.

“I know. There was an announcement by the US government that it would nationalize Fannie Mae and Freddie Mac. As a result, the US futures index is skyrocketing, and Korea’s index is also raising. They’re all within the expected range, so you don’t have to worry about it.”

“CEO. Isn’t it so simple that the story is going on right now? With an announcement a few hours ago, the market is talking about resolving the financial crisis. Since Taeeun’s LCD has also been organized, how about organizing the loan volume?”

An employee who was surprised by the endlessly rising dong-ho song where he was going to start shared his opinion. However, Lee Sang-hoon shook his head firmly even at his words.

“no. I also talked to Team Leader Kim, but I take it for granted because it is below the holiday season. Rather, I’m trying to burn the Taeeun LCD in such a rebound, so please be prepared. If I want to rise excessively today, I will enter today, but since there is still a week left, I will try to see how far it rebounds slowly and aim to enter the second half of the week.”

“The gap is already opening more than 2% right now?”

“It’s okay to have 10%, not 2%. To the last, I don’t think the current surge is more than a holiday rally.”

Hee-yeol Kim looked at the faces of the employees seated. I received a strange ecstasy as I confirmed that other people are feeling the same feelings that I felt alone a while ago.

‘After all, I’m not alone in feeling this fear. This is normal.’

I know it, but Kim Hee-yeol was feeling pleasure when others were surprised to hear it for the first time.

“Then let’s get organized. Don’t put great significance on rising exponents. It’s a natural phenomenon.”

At Lee Sang-hoon’s words, the staff left the conference room door without saying anything, but their stories continued outside the conference room.

“Is this okay?”

“Don’t you feel that the CEO is doing too much? The index is already rising by over 3% now. Besides, there are stories about Ohsung Electronics’ acquisition of overseas companies. The exchange rate is breaking 1,100 won as the exchange rate falls sharply… … . I think the financial crisis has ended with this measure from the US.”

“I think it could be. Bank owners are upset right now. Is this going to happen? Most banking stocks are rising by more than 8%, and in the case of Wooridul Finance, they are rising by more than 10%.

“Is that all it? Shipbuilding stocks are also soaring at the story that problems such as a foreign exchange loss or a surge in the debt ratio caused by a rise in the won-dollar exchange rate have been excessively exaggerated and spread to the market. There are no stocks that don’t skyrocket today. It’s all a good story and it’s a rosy story, and all worries are resolved. The atmosphere flows strangely.”

“Uh uh. It rises more. How far are you going to climb this?”

Even while employees were talking, the index continued to rise. There was no sell-off, and the market was full of buy-in for low prices.

The index, which started at 1,437 with a gap of 2.3%, continued to rise even in the afternoon, eventually causing an accident.

Upside sidecar.

With 10 minutes left at 2 o’clock, the futures rose by more than 5% and the sidecar was triggered.

It was difficult to directly feel what was triggered in the spot market because only the futures market had stopped trading for a while, but the upper sidecar created a big news story just by triggering it.

Until now, it came out if I had to forget it, and it wasn’t so unusual that a few days ago on the KOSDAQ, a downside sidecar was activated and the market had been heard once.

However, sidecars going upwards were very rare.

In recent years, it is necessary to consider when it was activated, and even if it was extended to the KOSDAQ, it was difficult to find the upper sidecar in the KOSDAQ as well.

Such an upward sidecar was triggered at the 1,400 test point and lifted the market.

In the end, the closing price was not closed in the form of a high price, but the index closed at 1,476, the highest rate this year.

Primenics and Wooridul Finance, which were worried about the liquidity crisis, rose from the upper limit to one or two ticks short, and construction owners also showed a ridiculous rise of over 10%, making the market sound hopeful that the financial crisis would be eradicated.

The cheers were not heard in the United States, the epicenter of the financial crisis, but it seemed that cheers were erupting first in the outskirts of Korea.

And at the close of the deadline, once again, the market cheering news was released.

It was announced that the Korea Development Bank gave up negotiations to take over Lehman.

The situation where Lehman’s debt increases every day, changes in the domestic situation, and the rising exchange rate are stifling, and eventually the government cannot insist on taking over Lehman and announce withdrawal.

Lee Sang-hoon had already known, but did not know that abandoning the acquisition negotiations would have such an effect.

The word that the exchange rate, which had exceeded the 1,130 won range, fell sharply came down. It was over 50 won and fell down to 1,081 won.

Just talking about bailout measures in the US and the KDB’s abandonment of negotiations to take over Lehman gave the effect as if the downtrend that had led the market to panic has ended.

Lee Sang-hoon smoked while looking at the monitor screen that was not lit in the left office alone.

‘Is it okay?’

Unlike the one who shouted out loud to the office staff and Kim Hee-yeol during the day, Lee Sang-hoon was still unable to go home because an anxious heart arose.

At the point when the index, which was testing 1,400, hits and climbs 1,500 in front of his eyes, Lee Sang-hoon was also intimidated. However, since he couldn’t show such a figure in front of the employees, he only acted in a casual manner.

However, as the sidecar burst and the market went up smoothly, Lee Sang-hoon was also feeling fear while remaining alone. Although we expected an upside, this kind of crazy upside was out of range.

Lee Sang-hoon was anxious over whether his thoughts were wrong or not.

News continued in the United States even after the Korean chapter closed.

Favorable stories continued, including the story of the Fed governor of Dallas that the two countries that had nationalized were forced to nationalize because their funds ran out, and the WSJ article that the two bailouts would alleviate the uncertainty in the US economy. It was going on.

Public opinion was formed that it seemed to be able to resolve to some extent even at the epicenter of the financial crisis.

In addition, in the open US stock market, the rise of futures as it was, showing an increase of more than 2%, was a look to save the atmosphere.

The movement of the foreign exchange rate came into the eyes of Lee Sang-hoon, who was thinking about the future while sitting in an office chair until the US market was opened after evening.

In the midst of the Dow Index’s soaring and continued favorable atmosphere, the offshore exchange rate was not able to continue the decline in this chapter and showed a figure of more than 20 won.

At the time of the crash in this chapter, the forces who were watching and checking how far it would fall seemed to come in from the offshore exchange rate and talk about the end of the decline.

‘That’s not the end.’

If 50 won fell and 20 won rose, it could be considered a rebound. However, Lee Sang-hoon did not consider this move to be a rebound.

‘You guys intervened.’

And the news that could support this idea came up, making Lee Sang-hoon’s doubts firm.

[The exchange rate plunged. KIKO contract liquidation movement]

As the exchange rate fell to the 1,080 won range, it was an article that companies subscribing to Kiko were preparing to liquidate.

Most of the companies still have more than a year left until their expiration, but the main article was that when it exceeds 1,100 won, there is a sense of crisis that the company leaving it as it is may collapse and aiming for liquidation.

In addition, in the case of Taeeun LCD, the story of applying for corporate rehabilitation procedures to the court sooner or later was scaring other Kiko contractors.

In the case of some companies, even if they suffered tens of billions of losses, there was even a story that they were trying to shake off the contract at once, and they thought that the current decline is an opportunity to escape.

‘This won’t end like this at the exchange rate. There are places where they are opening their mouths to buy from the bottom, could the exchange rate drop? This goes up.’

Lee Sang-hoon was convinced, and watching the exchange rate rise amidst that conviction, he came to think that the exchange rate might become a problem in earnest.

After seeing that the companies fell to 1,080 won, they said that they were using 1,050 won as the liquidation point of the Kiko contract. Since this story could be accepted as a sign that the support line of 1,050 won was secured, it was decided that the downward rigidity of the exchange rate was secured.

‘Officially, there are guys waiting to buy if they go for 1,050 won, but there is no way to go there. Even if I don’t make money, it’s a market where I can’t see other people making money.’

Lee Sang-hoon cleared away from watching the market with anxiety throughout the evening and went home with a lighter heart.

korean novel God of stocks chapter 408

Previous

|

ToC

|

Next