God of stocks chapter 434

Chapter 434 To the New World (1)

“The speed of adding quantity is not a joke. Do you think the largest trading volume ever comes out? You may have to worry about the speed of putting it into installment and whatever. Our baskets are filling up in an instant.”

The volume of sales came out as much as the previous transaction, which was worried about the circuit. On the contrary, the selling volume, determined purely by trading volume, exceeded the previous trading day. However, the rate of decline was limited. The purchase of SH Partners and the purchase of pension funds that were missing on the previous trading day came in, supporting the index’s decline.

That’s why I decided to sell it and started to sell it. After confirming that there is a place to receive it from the bottom, he was throwing it without worrying about controlling the quantity. Lee Sang-hoon wondered how far the sell-offs, located at the 900 line, were looking at the constantly popping up volume. I felt like a chimney to ask, how far, if I could ask, how far would the agency and foreigners sell?

“Half our balance has already been held.”

It had only been an hour since Jang started. The total balance of SH Partners was a little less than 1.5 trillion won, but 700 billion was already contained.

It was scary to hang it on the bid-ask price. When the number of bids and bids changed, the amount of sales came in according to that number. I was getting tired of the selling volume that seemed to be the sum.

“Is it okay?”

“Fine. It is not a loan or short sale, it is a pure buy. Where should I go further from here? 900 lines. If you fall further below this, you can always come back up, so you can sit back and crush to recover. This is not a place to be afraid of.”

I was convinced that it was a place where I didn’t have to be scared, but the atmosphere made me afraid of that thought.

Still, Lee Sang-hoon did not back down. It was because when I thought rationally, I couldn’t see a place to go further below the current seat.

And the book said.

892.

Lee Sang-hoon believed and proceeded to buy.

And one news came.

“uh? The rate cut has been decided.”

“Ok? how much? Is it a 75bp cut?”

Hee-yeol Kim spoke to the employee who urgently told the story that the rate cut was decided. The employee looked back at Kim Hee-yeol with surprise and said.

“How did you know? All are fluctuating with a sharp cut that exceeds the market forecast. We cut 25bp just a while ago, so this time we thought it would be a 25bp cut, but everyone is confused by the rate cut far exceeding that number.”

Kim Hee-yeol looked back to Lee Sang-hoon. It was because I heard from Lee Sang-hoon about meeting with Minister Kang on Saturday while signing with Infiniti yesterday.

While listening to the story at the time, Minister Kang, who was disgusted with the interest rate cut, said that he would listen to him, and the bank of Korea’s responsibility to cut the interest rate. It was Kim Hee-yeol.

However, as Lee Sang-hoon said, a 75bp cut was actually carried out. Hee-yeol Kim made an unbelievable expression to Lee Sang-hoon and moved forward.

“Even after the rate cut, there is still no movement right now. We have to dig into the gap now that the market is not yet able to make good judgments. We change the method by releasing the bid and asking prices to eat.”

As Kim Hee-yeol said, it was too sudden and was unable to judge whether this was a good or bad news due to a large rate cut that exceeded expectations.

In addition, since Korea was far from special events such as an emergency rate cut, it was overturning everyone’s expectations.

The selloff suddenly began to gain strength. It seemed as if the current interest rate cut was the same as bad news, trying to pour cold water on the market.

SH Partners alone could not afford such a sell-off due to the instantaneous volume released to the market. Eventually, the 900 was broken and the index went down.

Lee Sang-hoon fixed his gaze on the chart.

‘892’

I paid attention to whether or not I filmed 892 as the book said. If Kospi rebounded in a position other than 892, it would be complicated in his mind.

Lee Sang-hoon, who had to find an answer to 892 elsewhere, and did not want to, only wanted the index to hit 892 and rebound.

Jisoo, which was slowly falling down, finally stopped at the 892 position the book talked about. On the outside, Lee Sang-hoon had folded arms, pretending to be calm, but on the inside, he prayed and prayed that please turn here.

And when that prayer was delivered to heaven, the index, which had been stopped for about three minutes at 892, began to rise.

“The number of purchases comes from pension funds. Shall it follow?”

“It scratches. Please catch up.”

In a situation that would normally have been left to Kim Hee-yeol, Lee Sang-hoon loosened his arms and screamed. The thought that I didn’t want to break the place where the book was taken came out of my mouth.

“Don’t wait for the bid price, but the market price. In particular, the index is lifted mainly by stocks that have a huge impact on the index including Ohsung Electronics.”

“CEO. Then there may be distortion in the index.”

“I don’t care if there is distortion. The index pulls by scraping to the market price. Proceed with aggressive buying. Don’t mind if the pension fund catches up, keep pushing it up.”

Although the overall index cannot be adjusted, the current SH Partners possessed enough power to move the index with an instantaneous force. Lee Sang-hoon tried to create 892 digits using that power.

‘Don’t wait, let’s make a seat on my own.’

Sang-Hoon Lee started running and encouraging employees to buy. In his unusual appearance, employees also spurred the purchase offensive.

When SH Partners changed from a long-awaited buy to an aggressive buy, the pension fund also changed its direction to a buy that aggressively grabbed the sell.

The index recovered to the 900 line on the purchase of SH Partners and Pension Fund and continued to beat upward. In addition, favorable evaluations of the sudden rate cut were released through the media, and the index began to increase.

It was from lunchtime that the sales of foreigners, which amounted to 600 billion won, were broken and turned to buy. The index, which had fallen to the point where the sidecar was activated, suddenly rose to a level and began to reverse the atmosphere.

The banking and construction sectors took the lead and raised the index, while Ohsung Electronics, which SH Partners intensively purchases, showed a surge of nearly 7%. Subsequently, Gyeongbuk Steel’s metal stocks and automobile-related stocks were on the rise across the industry, eventually turning the index into a positive range.

“How long did you go in?”

Lee Sang-hoon, with his arms rolled up, looked at Kim Hee-yeol and checked the balance of SH Partners.

“Currently, it has entered 1.2 trillion won.”

As soon as Infiniti’s investment funds came in, they were almost exhausted. Lee Sang-hoon still had enough money on his purchase balance, but now he thought he could take a breath.

The index of 892 was up to the 950 line. Lee Sang-hoon wiped the sweat rising from his forehead, hoping that he would not see his renewed lows again.

“Now let’s adjust the buying speed.”

The index came down again while SH Partners took a breath to buy, but it showed the market price and told the market that there was no further decline today.

In the end, the deadline ended at 946, up about 1% from the previous day, showing a sigh from the current collapse.

“CEO. There was a strange appearance in the options market.”

“A strange look?”

I couldn’t even pay attention to derivation due to the crazy appearance of the spot market. In fact, the futures and options markets were also pushed by the spot market and failed to function properly. It was difficult for the trading partners to pay attention to the sudden fluctuations in the spot market.

It was because the subjects were so quick to escape, something that could not have happened in the derivative market.

“Jisu ended up near Bohap… … . Both the call and put equivalents closed up 20%.”

“I beg your pardon? Equivalent calls and puts both closed up 20%?”

“Yeah. Especially in the case of extraordinary prices, all of them have increased by more than twice. What is this?”

There could have been distortions in the market due to a sharp drop in transactions. However, the movement was too unusual to say that. There could have been distortions in very few stocks with a small amount of extracurricular prices, but if all the stocks of the extra-terrestrial price unilaterally increased more than 100%, it was a different story.

In addition, both call puts rose to equivalence. As for the usual option, the premium melted in the index that was finished near Bohap, and both sides had to show blue, but it was an unheard of phenomenon that both sides rose in this way.

Lee Sang-hoon and his staff briefly checked the option market to find the reason, but could not find the reason. I had to think that it was distorted because it was not able to respond properly to the sudden fluctuations of the spot market even when the volatility reached its peak.

Employees were exhausted because they were buying them like crazy all day. Lee Sang-hoon concluded simply, thinking that it would be better to rest than to try to find the reason anymore.

“As the spot market is going crazy, it seems like the derivatives are also crazy. Let’s make it easy and easy.”

Lee Sang-hoon, who has now confirmed that it is too difficult to carry out a sale with only this person, said that he thought that he should hire employees as soon as possible, and returned to his room.

Lee Sang-hoon sat on a chair and took a rest with a proud heart for keeping 892. And rejoicing that he kept 892, he put his head on the chair and closed his eyes, rejoicing that the book was correct.

However, it was only a while to enjoy this joy. From the morning of the next morning, Lee Sang-hoon’s mouth burned tightly and shouted out to buy the stretch.

“Do not leave any space, put everything in.”

“Are you okay?”

“Fine. Put it all in. Whatever the outcome, you have to hold your place unconditionally. Do not leave a single 10 won, push it in.”

Due to the oil price threatening $60 and the exchange rate exceeding the mid-1,400 won range, KOSPI could not continue the uptrend created by SH Partners and pension funds at the last day of the previous day and created an initial price that expected a -3% decline.

When the initial price was caught at 916, Lee Sang-hoon’s mouth dried up. He thought that as long as he touched the symbolic spot of 892, he should never touch it again.

It was because if I touched the place and damaged even one point, I had to find the meaning of the word 892 in the book. And I had to rethink Jisoo’s turn. SH Partners already had more than 1 trillion dollars in purchases yesterday and today. And the rest of the money was also being sucked in like dust sucked into the vacuum cleaner.

As for Lee Sang-hoon, he was checking the index with a feeling that he would gradually see a spot that he should never touch.

The index, which started at -3%, continued to decline, reaching 901 at -4.7%.

Lee Sang-hoon closed his eyes, worrying that the sales volume would burst again to make a sidecar in a situation where the sidecar was approaching again.

“CEO. I’ve been robbed of my balance.”

Eventually, all SH Partners’ accounts were filled with purchases. Of course I knew that I couldn’t fill it in at once, but I didn’t even dream that all SH Partners accounts would be filled in less than two days.

In addition, on the previous trading day, if you add up the liquidation of the selling position, only the amount purchased by SH Partners at around 900 over the three trading days was over 2 trillion.

Excluding pension funds, it was the largest amount.

In a one-sided and aggressive buy, there was no more money to put in. Lee Sang-hoon thought that the market traders also knew that the existence blocked by the purchase had disappeared.

If so, I sighed at the thought that there might be an existence pushing through that gap by selling.

At that time, the sell-offs that were pushing the 900 as if they would soon break through began to stop.

“The gift… … . Gifts are skyrocketing.”

During the last slump, the word gift was rather lagging behind the index and had no effect. As if the traders were trying to trade only the spot with their hands on the movement of the futures, the futures followed only after the spot moved, and the basis was between -2 and -3, so they could not trigger the program trading. As a result, I thought that the previous day in the options market, both calls and puts were rising.

However, from around noon, the gifts started moving quickly.

“Where are you?”

The futures market, perhaps because of the alienation, was in a state of silence between foreigners and institutions, which can be seen as a big hand. So, the spot market followed lagging and program trading did not come in coolly.

However, if you move so quickly, you should have seen that either side is participating in the futures market and touching the futures market. And I thought that quickly grasping where it was would be able to recognize the continuity of the movement.

“It is an annuity.”

“Annuity? The pension fund is buying futures?”

It was an unexpected name. Since it was a pension fund that was reluctant to touch derivatives, it had only been hedge-typed investments, but did not show a strong entry in this way.

However, over 100 billion funds from pension funds came into the futures market like a tide. In terms of leverage, it had to be seen that it was putting funds into the futures market at the same level as buying 800 billion won in the spot market.

Then, the index began to rebound sharply.

“In the program, both arbitrage and non-arbitrity are on the market, and pension funds are also participating in the purchase.”

“Then, does this mean that pension funds are pulling out both futures and in-kind by buying?”

“Yeah. It’s terrible.”

Foreigners are selling 300 billion won, and institutions are also selling about 200 billion won, excluding the purchase of SH Partners. Under such circumstances, the purchase of pension funds began to dominate the market more strongly than the purchase of SH Partners.

The market was shaken by the purchase of spots starting at 1 o’clock, as if to show that he was the only market dominant in Korea, including the funds, personnel, and guts he had.

korean novel God of stocks chapter 434

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