“Are you against it? what do you mean?”
Park Tae-sik, who had been staring at his phone for a while, had a pale complexion.
“It is literally. Let’s buy the opposite this time.”
“hey. Woohyuk Shin. Even if you had a precognitive dream, it doesn’t seem like it this time. The risk is too great!”
It is not unreasonable for Park Tae-shik to do this.
Isn’t the atmosphere of the current stock market literally a battlefield where shells rain down?
If I had escaped from the battlefield at best and asked to go back, anyone would have reacted in such a frightened way.
“How much did you eat this time?”
“Even after making up for everything I lost in the past, I earned about 3,000.”
30 million won.
Absolutely no small amount of money. However, in the stock market where hundreds and hundreds of billions of dollars come and go in real time, it was also a handful of money.
“Think carefully. What would have happened if we had a lot of live ammunition when this incident happened? For example, if you assume that you have about 10 billion seed money.”
“If I had 10 billion won, I would have earned 20-30 billion won by pulling the leverage.”
“That’s why I’m so sorry. Even though we have a lot of information right now, didn’t we end up with just a few thousand or a few hundred million memes? In other words, the greatest sword in the world was used to cut tofu.”
I apply strength to the arm that was wrapped around my shoulder and pull Park Tae-sik’s head closer.
“If we stop here, when an opportunity like this comes in the future, we will end up cutting tofu again.”
“When I have a chance, my desire to raise money is like a chimney. But just look at the market now.”
Park Tae-shik manipulates his phone to show a stock price chart.
On the chart, not only the domestic KOSPI index, but also China’s Shanghai Composite Index, Shenzhen Composite Index, Japan’s Nikkei, and Australia’s S&P were displayed, all of which were painted in blue.
From noble mtl dot com
“Do you want to go into a place like this?”
“That’s why I have to go further. Don’t you know the saying, sell for greed, buy for fear? It’s a famous saying.”
Park Tae-sik lets out a breath with a tired expression.
“phew… … If you’re stubborn, you’re not Shin Woo-hyuk. So what exactly are you going to do?”
“Simple. We intend to do the exact opposite of what we did.”
“Are you going to take a long position on the KOSPI?”
A long position is the opposite of a short position, meaning that you buy in the expectation that the stock price will rise.
“Looking at the return on investment this time, the return on defense stocks was overwhelmingly higher than on the KOSPI.”
“That’s true, but the stock price has risen too much to touch the defense stock again.”
“This time, I’m not buying defense liquor. While defense stocks are rising, on the contrary, you are buying stocks that have suffered huge losses.”
“If it’s a huge loss… … An inter-Korean economic cooperation state?”
Inter-Korean economic cooperation stocks refer to stocks that rise when relations with North Korea improve.
Most of the beneficiaries are Mt. Kumgang tourism-related companies, the Kaesong Industrial Complex, and companies related to railroads and power transmission.
Park Tae-sik didn’t even tell him to, but he checked the chart by looking for the North-South Economic Cooperation Wine.
As I expected, the inter-Korean economic cooperation stocks were at an all-time low, continuing to decline after North Korea’s shelling began.
“This is a full portrait house, isn’t it? There are many stocks that have fallen more than 60% from their highs.”
“So now is the right time to go in.”
“You are right if you are sure that the provocation will stop… … If the timing isn’t right, you could end up doing more harm than good.”
“There is a way to predict the timing.”
I go to the Breaking News menu and bring up yesterday’s news.
[North Korea’s ultimatum “Stop psychological warfare against North Korea within 48 hours”]
Since the news was posted at 17:00 yesterday, the time of the ultimatum designated by North Korea will be 17:00 on Saturday.
“The time of the ultimatum mentioned at this time is a greater burden on the North Korean side than on us. If an agreement between the two Koreas cannot be reached by this time, North Korea will have to take additional actions, whether it be a provocation or something, to build its pride.”
“If North Korea’s choice is an additional provocation, inter-Korean economic cooperation is over.”
“As long as US fighter jets are involved, North Korea doesn’t have the guts to do that.”
The frontal artillery fire would end at the death of a few soldiers, but the US fighter jets were more than enough to directly attack the North Korean leadership.
“If my prediction is correct, North Korea will try to negotiate before 17:00 on Saturday.”
“If the news comes out on Saturday, as soon as the stock market opens on Monday, inter-Korean economic cooperation stocks will soar.”
“So, at least today, before the market closes on Friday, you should finish buying.”
I didn’t have much free time. Park Tae-sik wasn’t unaware of that, so he made a quick decision.
“Ugh, I don’t know either. I think it can’t be helped even if I lose it because it’s money I gained thanks to you anyway.”
“Good idea. Let’s finish it quickly before the chapter is over.”
Park Tae-sik stops me from going back to the laptop.
“Woohyuk, wait a minute. I’m going to do it anyway. Would you like to hold each other and do it properly?”
“What are you going to do?”
“There is more cash in our account. This way, you can pack more live ammo.”
* * *
Park Tae-sik went out of the hospital room and exchanged calls for a while.
He said he would ask for more money, but is he talking so hard on the phone to borrow how much money?
Around the time Park Tae-shik’s voice died down outside, a text message arrived on my cell phone.
[Customer Shin Woo-hyuk, a stock loan for Platinum customers has been executed. Loan amount 1,500,000,000 won]
“What’s this? 1.5 billion?”
I wonder if I misunderstood the letter, so I count the number of zeros attached to the amount again. 1.5 billion won was exactly right.
When I checked my stock account again, the stock account balance, which had previously been 720 million won, had increased to 2.22 billion won.
“… … .”
Lips dry up. It was burdensome even when rolling hundreds of millions, but now the unit of money has become more than that.
Besides, the actual money I own here is only 500 million won.
‘Am I pushing all this money into a bear market now? Even I think it’s crazy.’
After a while, Park Tae-sik finished the call and returned to the hospital room.
“Did you check that the money was in your account?”
“uh… … I came in, but is it correct that I borrowed this from the bank normally?”
“of course. I took a stock account as collateral for a stock loan and made a loan.”
“I know what Starron is. But this amount is too big. As far as I know, the limit is about 300 million.”
“That’s only true for major securities companies, and for companies with capital or savings banks, the limit is a rubber band. Raising the limit is not a big deal if you know how.”
Somehow Park Tae-sik was putting strength on his shoulders as he came in after finishing the call.
“Oh, for reference, stock loans are sold in reverse if the stock account balance goes down to 120% or less, so you have to be really careful.”
Opposite trading is a liquidation system that forcibly sells stocks when the collateral maintenance ratio falls below a certain level.
It was not uncommon for stocks to be sold at any price on that day, so it was not uncommon for stocks to lose the entire principal amount if they were traded against.
“If the collateral is 120%, it means that the balance can go down to 1.8 billion, right? It’s surprisingly generous.”
“If Ha-han gets hit by one shot, he would never think that way.”
The lower limit in the Korean stock market is -30%.
Large-cap stocks rarely fall to the lower limit, but theme stocks often see the lower limit when big bad news breaks out.
“are you okay. I’m not going to go there.”
* * *
We bought stocks in slow splits right before the market close on Friday.
The investment direction was similar to the previous purchase of defense stocks. It was a method of buying five or six stocks in the inter-Korean economic cooperation stocks, mainly stocks with a large decline.
However, this time the investment was larger than the last time, so I gave priority to buying large-cap stocks where possible.
The hectic Friday has gone and Saturday has arrived.
Park Tae-sik and I pressed the refresh button on the Internet window all day, waiting for breaking news about North Korea.
Two hours before the time of the ultimatum that North Korea notified. The breaking news we’ve been waiting for has arrived.
[Urgent, Blue House “High-level inter-Korean contact at 6:00 PM at Panmunjom]]
As soon as Park Tae-shik and I saw the news, we jumped up from our seats as if we had promised.
“I told you. They say they will unconditionally agree within the weekend.”
“Good. Now, on Monday, it will skyrocket!”
If negotiations with North Korea are over and the two Koreas announce an agreement, this situation will come to a clean end.
Already in my head, I picture a rosy future that will unfold when the market opens on Monday. In my imagination, I was already swimming with a bundle of money in the bathtub.
But somehow the day passed, and no further news came until Sunday morning.
“Why are there no announcements? By now, it should have been more than enough time for the results to come out.”
“after… … Not Nandle.”
“Isn’t it possible that there was a breakdown?”
Park Tae-sik continues to mumble to himself while wandering around the hospital room.
I, who couldn’t see it, sighed.
“Have a seat. I’m out of my mind because of you.”
“Since I’m sitting still, it’s because this place is completely blocked and I can’t breathe. I really don’t know if this is going to go to the goal.”
Park Tae-sik invested 900 million won in this case by bringing the stock loan to the limit.
It’s less than the 2.2 billion I invested, but he didn’t know the future at all, so I had no choice but to be more anxious than I was.
‘I definitely remember that we made an agreement with North Korea. The question is, exactly when will that happen?’
Chewing his lips, he habitually checks his stock account.
—-
Total Purchase KRW 2,221,820,200
Daehyun Line -60,921,500 won (▼5.08%)
Daehyeon Elevator -5,755,300 KRW (▼4.17%)
Youngjae Solutech –3,080,175 (▼2.97%)
Emma & Hams -2,981,593 (▼2.11%)
… …
—-
The drop right before the market close on Friday has already evaporated close to 100 million won.
If North Korea dragged on as it is now, the inter-Korean economic cooperation stocks would almost certainly crash on Monday.
If it hits the lower limit here, the loss is about 740 million won.
At that time, even if I forgot all my principal, I would have an additional debt of 300 million won.
‘I have no choice but to pray for the results of the negotiations to come out before that.’
We didn’t say anything and waited for the breaking news to come out.
Unfortunately, however, the results of the meeting to come out did not come out, and rather, only bad news that the movement of the North Korean army was unusual was reported one after another.
[Breaking news, 2 times increase in artillery preparation for firing in the North Korean frontline area]
[Breaking news, signs of China’s People’s Liberation Army moving to North Korea’s border area]
[Breaking news, 70% of North Korean submarine forces are reported to have disappeared after leaving the base]
[Emergency evacuation of 15,000 residents of 5 West Sea border areas and eastern Gangwon-do]
There are no good things, only bad things.
It was on this day that I realized for the first time that saying that blood is dry is not an exaggeration.
“after… … .”
We let out a deep sigh and lit one cigarette after another. Even if the two of us couldn’t do it for two days, it seems like we smoked more than one carton.
Then I see sunlight coming through the smoke that filled the smoking room.
“It’s Monday morning already.”
“I know.”
“Can I not go to work? You also had a day off on Friday.”
“The company isn’t important right now.”
The guy is right. Today is Monday, the stock market will be open soon.
We had to make a decision before that.
From noble mtl dot com
Will you throw all the stocks and fall before eating the opposite trade at the lower limit? Or will you hold out until the end, waiting for the outcome of the negotiations to come out?