God of stocks chapter 435
Chapter 435 To the New World (2)
“I entered the sidecar.”
It was a futures purchase in less than an hour, but from the -4% range, the futures index, which made us worry about the downside sidecar, was raised to +5% and the upside sidecar was triggered. And when the sidecar was activated and the trading of the program stopped, he started to get more excited about the spot purchase, as if he had waited for this.
They continued their buying trend as if they were going to solve all the things they were disappointed with because of the program that they had to buy.
Shipbuilding stocks have begun to record high ceilings, followed by IT stocks, showing an increase of more than 10%. Steel stocks also showed a rise to make up for the previous decline, and the index exceeded 1,000 points.
All SH Partners employees, including Lee Sang-hoon, stopped doing things and looked at the screen.
This is because the index, which was likely to collapse at the 900 line, has now exceeded 1,000 and even exceeded 1,010 points. The backwardation, which exceeded the 7% increase and the basis of the futures reached -3, was converted to a 1 point contango.
“Annuity has bought 6,000 contracts in futures alone.”
“How many contracts? A 6,000 contract? Wow. It is proved once again that the Korean stock market should not be against the national pension. Haven’t they been into the gift market since their lunch? But you got 6,000 contracts in 3 hours? Wow~.”
Hee-yeol Kim shook his head as if he couldn’t believe it. If it was possible to do so, it was simply large in terms of amount, but it was the same as executing an amount close to 5 trillion in kind.
“The pension fund was nailed to the market. The seat here is the low point.”
“Is it really low?”
“It must have come from the bottom. Pension funds were nailed to the market as a gift. Perhaps I thought that it was not enough to raise the market with spots alone, so I think I even put in a gift. It can be very effective with little money. Fortunately, the.”
Lee Sang-hoon cleared his tense mind this time. I thought that I could relieve my worries about the downside because pension funds came into the market and nailed them in this way.
“Then looking back, we bought it very well.”
“That’s it.”
I put all the funds under the pressure to keep the number 892, but that was an opportunity to set the lowest point that might have a huge profit for SH Partners.
The index slightly pushed down from 1,010 and ended at 999, but it was predicting a change in market price by directing a textbook-like transaction surge from the bottom to a trading volume of nearly 650 million shares with a trading volume of over 6 trillion.
Lee Sang-hoon smiled as he looked at the board that was already showing a red light on an account full of satisfaction.
***
The rise in Asian markets, triggered by Korea’s KOSPI, seemed to have blossomed across the Pacific Ocean to New York.
The New York Stock Market, which started out as a mixed trend, started reacting strongly to the low-cost buying theory that the price, which was stronger than any other good news, was formed at the lowest level within 20 years.
In particular, at the upcoming FOMC regular meeting, news of an additional 50bps of interest rate cut and the Fed’s actions were effective in easing the credit crunch, raising all three major New York markets by more than 10%.
As a result, Korea also started rising close to 5% and attempted to break through 1,050, making it expected to recover to the 1,080 level at once.
The unilateral buying trend of pension funds over three days changed the eyes of foreigners.
Foreigners who have only looked down for several months have joined the buying trend, and individuals are also small, but they have shown meaningful images by buying them.
However, only the institution did not change the position.
In the last downward trend, institutions that had been buying due to the pressure of the Ministry of Finance turned to sell all at once in the second half of the decline and poured out supplies. And, as if there was a lot to shake off after entering the sell-off in the second half, their sell-off came out constantly even though foreigners turned around.
The index, which had risen close to 8%, fell to the 920 line, which was once -8% during the sale of such institutions. However, the pension fund took all of the sell-off at the last minute, raising the index, and unfortunately failing to recover 1,000, ending at 968.
“If you were in the office, your heart would have burst.”
“I think that though. 16% crazy volatility came out? Now, the index is less than 1,000. What is the 158 point of fluctuation? Are these crazy?”
“Hey, bank stocks hit the lower limit with the industry average. All of the banking stocks went to the lower limit… … . Don’t you hit the goal? The transaction amount is 8 trillion. In the morning, it poured down on the upper sidecar and in the afternoon. It was a crazy day.”
As Kim Hee-yeol said, Lee Sang-hoon thought that if he had seen this scene in the office, he might have found Cheong Shim-hwan and ate it. The volume, trading value, and movement all broke the title of the highest ever, and it was the first day that sidecars appeared up and down in one day.
Lee Sang-hoon had not been able to confirm such a scene while visiting the place where Minister Kang called. I was just indirectly aware that the KOSPI was moving unusually, seeing employees coming in and out from time to time while in the finance department.
However, the words that I could see better if I looked at a chart that seemed to be trembling if I saw it in the middle of the day came to Lee Sang-hoon’s mind.
Kim Hee-yeol was still looking at the screen with a trembling appearance to see if it had not calmed down, but Lee Sang-hoon was surprised by the clearly visible chart, unlike Kim Hee-yeol.
“Because I sometimes wondered whether the typical patterns in the book would appear in reality? But when I look at it like this, the pattern in the book comes out as it is in a really meaningful place.”
“What do you mean?”
“I thought it was similar to the story in the book, with the cross candlelight exploding from the bottom until yesterday, and the next day, the cross candle was not damaged. It’s amazing. Well, there may be things that look different depending on the person who draws, such as Samsan, Sambong, or Twin-bottom, but how does the candle move the way the book shows?”
At the end of Lee Sang-hoon’s words, Kim Hee-yeol looked back at the chart. As Lee Sang-hoon said, looking at the movement for a few days away from one step away, the current shape was the shape of a trend-changing candle appearing only in books.
“If the long beekeeper comes out tomorrow, the game is over. What will come out now is to rebound to the right spot, come down again to take a double-bottom, and turn the trend perfectly and go to an upward pattern. It’s too easy to talk about it?”
Lee Sang-hoon looked at Kim Hee-yeol and laughed. Kim Hee-yeol was confused to see Lee Sang-hoon’s appearance. As Lee Sang-hoon said, it is very easy to say in words, but how to do it in reality was a difference.
So, there was a story about buying and selling and doing better when not actually trading. When real money came and went, the reality was that it didn’t work.
“I feel comfortable. Jisoo There is nothing to be missed anymore. Let’s think about where we’ll fall in moderation… … .”
“right? You can’t change the trend from the outside, right?”
“The power that has come down is so strong, how do you turn it on the outside? I will come to take a picture of the double floor that broke the bottom or not. Then we have to go in to catch the pair. Anyway, it is easy to settle down because the entry is good. It will be the profit from wherever you liquidate it.”
“You can relax anyway. Listening to you that the point to worry about is over, and I feel at ease too.”
At Kim Hee-yeol’s words, Lee Sang-hoon patted his shoulder lightly and entered his room.
And the mayor showed that he wasn’t wrong the next day.
“The currency swap between Korea and the United States. Kill. Still, I guess the Ministry of Finance was playing.”
“It must have been. How many months has it been since the exchange rate market ran crazy? Even if you’re nervous and prepared for anything, it’s time to be ready.”
“The exchange rate fell by 177 won. Cuck. No, this is real. Kikk.”
Kim Hee-yeol couldn’t stand laughter. It went up to the point of saying that I was crazy when I climbed, but it was even worse when I got off. The exchange rate that was played at the 1,400 won level collapsed to 1,200 won at once. Laughter was popping out as the middle 1,300 won was deleted.
“The gift cap has entered.”
The gift went up to the point where there was no more room for it. It showed an increase of 10% compared to the previous trading day, and 4,000 contracts with outstanding contracts were liquidated within one day.
Although the futures market lost its function early, the spot market continued to rise until the close. At one time during the week, it recorded a 13% increase and showed an incredible rise in the upper limit of all stocks except for about 10 stocks including Ohsung Electronics. And the level that was said to have been pushed down at the last minute was the end of a 12% rise.
After recovering the 1,000 line, it quickly climbed to the spot where the 1,100 line was visible.
The exchange rate, which was crushing the market, was resolved by a favorable blow of currency swaps, and the market was restored.
The upper limit stocks were 375 stocks, and only 55 stocks fell. The high-end stocks were 6 times higher than those of the declining stocks, and the Kospi ended with a record of the largest surge in history.
And this rise continued to the next day.
The futures cap has been in the upper limit for two days in a row, and foreigners have been at the forefront of the rise, sweeping stocks in the spot market for over 300 billion won.
“As it passed, I guess you knew in advance when you bought pension funds with a pair of spot futures. I mean a currency swap.”
“It must have been. I knew it, so I must have bought it so aggressively.”
It’s in kind, but when I bought so many gifts, it seemed that I wouldn’t have been without that confidence, and that confidence started from knowing news that others don’t know.
Lee Sang-hoon nodded while drinking hot tea.
At the meeting that Minister Kang called, I thought he was talking about the current situation by saying that he thanked SH Partners for trying to defend Jisoo and that he should do something to reinforce it.
As soon as the futures market started, the price limit was quickly reached, and then sales volume came out around the afternoon, and the index also declined for a while.
However, as if the strength of the upside was not over, the long-awaited buying trend came in and closed at 1,100.
“If you go near the 20th line, let’s start organizing. We can’t organize it in one shot because we have a lot of stock now, so I’m thinking of cutting it finely and organizing it for two or three days.”
In Lee Sang-hoon’s eyes, the 20th line from above seemed burdensome. Someday, it will have to be pierced, but the angle of falling off seemed too sharp to believe that the point of penetration was right now. At the very least, I tried to sort out the amount of stock I had, thinking that it should bounce off with the angle down.
“I ate a lot in a short period of time. Let’s organize and aim for the next pair of floors.”
Lee Sang-hoon simply gave instructions and entered his room.
‘Now next… … .’
What filled Lee Sang-hoon’s spirit was not the index’s trend change nor the upper limit of the two consecutive futures.
I was only curious about the next 892 the book talked about.
***
The financial crisis caused by the credit crisis has flooded the market with good traders and analysts. Employees from securities companies and asset management companies trying to shrink their body size were snooping here and there to find their nests, with nowhere to go.
“Our team worked for XX Securities and XX Securities… … .”
People moving as a team also visited Lee Sang-hoon’s SH Partners to sign new contracts.
It was rumored that it was recruiting people on a large scale, and people who were reminiscent of a drumstick flocked every day. It took time just to organize the application documents, and the call to ask for a request was constantly ringing Lee Sang-hoon’s phone.
“Yeah. Yes. Then let’s take a look and consider it. You can’t hire them without seeing them.”
Kim Hee-yeol was staring at Lee Sang-hoon answering the phone. Lee Sang-hoon asked as if Kim Hee-yeol had been waiting when he hung up the phone while writing an impression.
“Who is it again this time?”
“Now, a person called an aide to a member of the National Assembly called Hahaha. The cubs are gonna know how my phone number. And if you’re a relative of the lawmaker, Ji should call and ask for it. It’s stupid to call an aide for you.”
“But they say they see it because they hear it from the side.”
“I don’t know what to do, but can’t I just say no by phone? This person can enter the Blue House when the next cabinet is reopened. You can’t leave a bad image. I don’t want to grow up under the power of the regime, but I don’t want to pretend to be in power.”
“Don’t you always swear by what this guy’s regime says?”
“That’s right. Am I not a gentle sheep in front of power again?”
Lee Sang-hoon laughed and hit Kim Hee-yeol and went out to the office.
Over 1,200 began to sort out the quantities he was holding. The index rose from 900 to 1,200 directly, surpassing the 20th line.
The credit crunch in the market began to dilute as interest rate cuts in the US and the eurozone continued.
In addition, concerns about the dollar drought gradually declined as a currency swap between Korea and the United States, and the exchange rate was gradually falling into a stabilizing trend. Although it showed a rebound from the 1,200 won range to 1,300 won, it was only seen as a rebound against the big decline, not showing the approach to 1,500 won above the 1,400 won range.
“CEO. Newcomers to the conference room are waiting for an interview.”
“Is there another one? Didn’t you see three people just in the morning? Team leader Kim. Why don’t you see me instead?”
Lee Sang-hoon, tired of seeing an interview, wanted to pass the interview to Kim Hee-yeol. However, Kim Hee-yeol quickly shook his head with a face that he could never do that.
korean novel God of stocks chapter 435
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