assassin
– Wow! What? soars suddenly!
– Upper limit! maximum! oh! upper limit!
That afternoon, the sudden buying surge ate up all the selling volume hanging above and soared. However, the stock is not able to rise to the upper limit because the share price has already exceeded 500,000 won.
– ah! I’m sorry. upper limit!
– Is the upper limit going tomorrow?
– Still, the notice of 60,000 won is in front of you.
– 700,000 tomorrow!
The incident occurred because an American private equity fund, which was in charge of managing the slush funds of the Daeyang Group owner family, had to place a large number of buy orders in response to a sudden recall request.
The fortunate thing is that the next day, there was a considerable amount of sales, and we were able to meet the demanded amount.
“It’s 600 billion won… … .”
“Damn it!”
While buying stocks, the two brothers in Daeyang watched the stock price rise with reddish-brown faces.
Even for the president of a large corporation, a loss of 600 billion won is a loss that is heartbreaking.
Moreover, the problem is that the situation is not over yet.
“Now, what about the remaining stock?”
“Over 18 million shares.”
Ryu Geun-il replied with a face that made him annoyed just thinking about it.
“driving me crazy. So how much is the loss?”
“I don’t know. How long will this shit last… … .”
The ants don’t think about holding the stock and letting it go, so I don’t think the stock price will fall.
The two brothers had nothing to do with their stomachaches. I feel like I’m falling into an abyss where I don’t know where the bottom is.
At the end of the market, fortunately, there was a sell-off, and it went down a little below 600,000 won. The two brothers had serious faces, but they had no idea how to respond to this unprecedented situation.
“I, boss.”
At that time, the chief electronic secretary carefully opened his mouth.
“Something?”
“It’s a recall.”
“In addition? How much?”
“830,000 shares.”
“Ugh!”
Ryu Geun-il grabbed the back goal and sat down.
“You motherfuckers!”
The eldest son overturned the table. I couldn’t stand the rush of anger.
“Dirty children! You are so eager to eat!”
Of course, the two brothers didn’t even care about the fact that they started all these things to make it easy for them to collect large sums of money.
“damn… … Should I have cleaned it up at 10,000 won?”
That sound came out.
When the loss grows, I always think of stopping a little earlier.
But losing hands is not that easy.
Whether it’s stocks or derivatives, people who have been bitten properly once do not lose money in time and are engulfed in ever-increasing losses.
Let’s always wait a little bit longer. In a little while, the reversal will come… … Be patient and persevere with your thoughts.
However, as time goes by, the despair grows bigger and bigger, and even though the damage is in front of me, I can’t give up even if the damage so far is a waste.
It looks like the market will change at any moment, but before the flow changes, the damage has already flowed to the point where it cannot be recovered.
In the end, it is only after all the stakes have been thrown away that you will shed tears of blood and regret it.
That is why it was said that the master of hand loss is the true master.
“Even when I reached 200,000, I had to give up.”
I’m always so sorry But even with that said, he doesn’t choose to give up at this point.
No matter how great an entrepreneur is, once he or she is bitten by this speculation, he seems to be in a similar situation.
In fact, it is an unavoidable situation for anyone who invests.
Interestingly, even the legendary investors, who have earned a great reputation on Wall Street for their terrific returns, often end up making the same mistake at some point in a similar situation and ending up with a disastrous end.
Druckenmiller of Quantum Fund, who overthrew the UK by attacking the Bank of England and causing the legendary short-selling of the pound, also left the hedge fund industry a few years later after suffering terrible losses from the long-term capital crisis and the dot-com bubble. George Soros of the same company also maintained a stable investment thereafter, but again suffered a huge loss in the Chinese stock market crash last year, when Eugene made a huge profit.
Back then, Jesse Livermore, a legend in short selling, also became a huge refusal for short selling, then went bankrupt and eventually ended his life with a pistol suicide.
Whether it’s stocks or derivatives, it’s a risky gamble that always leads to failure.
However, the two brothers did not take any risks as they knew the inside information of the family-run business and were able to control it at will.
So, they couldn’t imagine what was happening so far, and they had no choice but to be dragged along.
The president’s chief of staff, who was looking at these two brothers, was burning with sorrow.
He has been saying that he should consider an exit even now, when it exceeds 100,000 won.
In fact, he is well aware of the fact that countless proposals have been coming from the US, not just him.
But the two brothers were still undecided.
Actually, it’s not that I don’t understand that feeling.
The damage that would be incurred to make a stop loss is already astronomical.
Even more so, knowing that once this precarious equilibrium begins to break, stock prices can go down horribly at any time.
This is especially true considering the fact that the counterparty is an individual investor with no cohesion whatsoever. Ants are the ones who will call you mothers even now if you touch them a little and throw their stocks away.
That is why, until now, various rumors have been circulating mainly on various stock sites without a break.
But it’s not time yet, and it doesn’t show any signs of collapsing.
“The worst is now.”
Ryu Geun-il said.
“The 40,000 won turned into 600,000 won. That’s bad enough So… … Rather, I don’t know if now is my chance.”
“A chance? no way?”
The chief of staff is afraid of the words that will come out of the second’s mouth and asks again.
“How much profit would you make if you shorted here?”
And inevitably, the words that the chief of staff feared came out of his mouth.
“That’s right. If you can sell it for 600,000 won and buy it for 40,000 won, you can make a huge profit.”
When the damage was accumulated, the desire for water riding was wriggling that anyone could think of.
“Right now, there are no stocks for short selling.”
The chief of staff desperately tried to stop the two brothers, feeling like screaming. People who run global companies were losing their minds because they took large sums.
“I know. It’s just that.”
“I’m sorry.”
* * *
“Today is a $500 million profit.”
Joanna reported.
When ABTL sends a recall request, the fund that is in charge of the slush fund of the Daeyang Group owner’s family starts buying, and Joanna releases the property she had bought through another fund.
Then, within two days, the borrowed stock is returned from a fund somewhere that has been short-sold.
The money accumulates between Eugene lends, Eugene sells, and Eugene returns.
Although Daeyang Group has not yet caught on, most of the shares they borrowed for short selling came from Eugene.
This was the case with most of the amount on the Korea Securities Depository before the short selling incident, and most of the amount that was reassured that it had been borrowed from a foreign private equity fund after the incident.
So, just as Eugene is free to raise and lower the stock price, it is up to Eugene to request a recall.
“We have requested a recall of 830,000 shares from Telson & Co and 560,000 shares from H&K. Maybe tomorrow’s earnings will be better.”
“But don’t relax.”
“Sure. You have to squeeze it very tight until the very end.”
This time I was more excited than ever. This is an opportunity to squeeze the Daeyang Group, which is not anyone else, and take away the slush funds they have hidden abroad.
In fact, acquiring Daeyang Heavy Industries is neither urgent nor important.
This is because if the family of the owner of the Daeyang Group has a huge amount of overseas slush funds, even if the entire group is taken away, they can live in chaos from generation to generation.
It was the same with the IMF. Many large corporations went bankrupt, but in the end, only the executives and employees and the general public suffered damage.
The family of the owner of a bankrupt conglomerate is living a wealthy life again with the funds hidden somewhere, using the shell of a fund or an asset management company.
If you are the owner of a large company like Daeyang, you can add more than them, and there is nothing you can’t do.
That’s not the ending Eugene wanted.
I don’t have a grudge against the Daeyang group. In any case, the Daeyang Group’s owner family has a business to deal with.
For several days, Joanna made a small recall request every day. Then the sale comes out and the stock is released and the stock price is maintained at an appropriate level and recovered.
By now, the other person will feel like their blood has dried up.
But the opponent can’t help it either. Once borrowed shares are requested to be returned, they must be returned at any cost.
If you buy the stock and don’t return it, the broker uses the margin to buy the stock, and the shortfall is charged again.
The occasional bankruptcy due to short selling is caused by this trap.
Joanna harassed the short sellers by keeping the stock at a very appropriate level.
In the meantime, I put a lot of effort into finding out the financial situation of the place where the short sale was done, and to figure out the amount that the other party could pay.
It took much more effort and cost to find out the size of the overseas fund of the Daeyang Group owner family than to keep short selling.
– Short squeeze!
– Oh oh! Is it finally starting?
– Is the upper limit going today?
– Is the upper limit going to be difficult? Who’s releasing it little by little?
– Still, it’s not a lot, is it?
– Is it an exit opportunity?
– There are still well over 10 million shares left in the short sale. The longer you wait, the higher it goes.
– Young tea!
– Young tea!
Investors get excited every day. It’s good that the stock price has risen, and it’s even better when the short selling forces shed tears of blood.
Meanwhile, there are other investors realizing profits. If the sell volume becomes too high, Joanna adjusts the sell volume.
This is because if the balance between buying and selling is broken, the excessively high stock price may plunge.
Therefore, even if the profit is small, be careful not to collapse the price as much as possible.
Fortunately, other investors saw that there was still enough stock left by the short sellers, so they did not easily throw the stock.
“Both are similar. Everyone seems to be faithful to their own greed.”
“right. Without greed, I wouldn’t have flocked to such a risky investment.”
Those who previously owned Daeyang Heavy Industries shares and those who jumped in late despite the high price after the short sale are completely different.
Knowing that I was overheated to try something hot, I jumped in like a moth, and thanks to them, the stock price went up.
“It’s really sad to see them keep coming in like that even though I know they will fall at some point and in the end.”
Joanna said with a look of no regret at all.
They are the ones who jumped in despite the loss anyway. No one knows how much the stock price will fall after this crisis is over.
So, there is no need to feel sorry for other people.
“As I did my calculations, about 20% of the quantity purchased to solve the recall in Daeyang is new purchases. Many of them are probably doing this to prepare themselves in the ocean, but I think there are quite a few new investors.”
Eugene’s ability to analyze the situation will be far superior to that of Eugene himself, so Eugene does not have any doubts.
“What. you’ll figure it out It’s not that I don’t know the ending.”
Moreover, Eugene gave several signals through SS Partners that he did not intend to buy now because the stock price of Daeyang Heavy Industries had overheated more than necessary.
So they feel no responsibility for their fate.
“Today, that’s $630 million in income.”
The next day, as the stock price rose, so did the profit.
And a much larger amount than Eugene’s profit would have gone to the loss of the owner’s family of the Daeyang Group.
The difference between the profit Eugene saw and the amount of damage Daeyang suffered would have been in the interest of someone who jumped in like a moth.
The wisest thing would be the few who held it before the Daeyang Heavy Industries crisis and sold it by now.
Perhaps an institution or an outsider is more likely to see such a profit than an individual.
The next day and the next day, they stole the hidden slush funds of the Daeyang Group’s Saju family.
“So far, we have recovered $5.3 billion.”
A total of 6 trillion won was recovered. It would be a situation that would be devastating because tears of blood could not flow for those who sold short.
“You seem to be thinking about making a stop loss a little bit earlier by now.”
It’s obvious if you don’t see it.
“What. There is no use in regretting coming here now.”
Eugene also agreed with Joanna and couldn’t hold back the joy.
The activity of the assassin released by Eugene is not over yet. No, it was only just the beginning.