God of Corporate Hunting - Chapter 286



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◈ Episode 286: New Battlefield (2)

The next morning, Nam Woon-myeong heard Shin Cheol-ho’s story of bravery.

“I met Catherine, but she wasn’t very good.”

“You said the photos were okay?”

“As expected, it was Photoshopped.”

As soon as Shin Cheol-ho arrived at work, he brought up the Catherine story.

Nam Woon-myung was amazed by Shin Cheol-ho’s bold act of love and added an explanation.

“There’s another force targeting Bukseong Life Insurance. Wonder Fund! I heard it’s quite famous. If your control is weak, you’ll be bitten like a hyena. In the past, our country’s major corporations suffered humiliation.”

“I heard that too. I think Catherine was trying to raise the stock price.”

“Did you buy stocks?”

“No, sell. Short sell operation!”

This means that they worked to raise the stock price so that short selling would be easy. This is a method commonly used by operational forces.

“But why did you drink so much?”

“Because it’s painful. The price of Bukseong Life Insurance keeps rising unexpectedly.”

If you look at the stock price graph of Bukseong Life Insurance, it is rising at a scary rate. Since you shorted such stocks, you will start to feel scared now, unlike at first.

“How many times did you hit it?”

“A whopping 25% of the total…….”

Nam Woon-myung opened his mouth wide at Shin Cheol-ho’s answer.

As the stock price of Bukseong Life Insurance rose, the seeds dried up in the market. Most of the circulating stocks were in the hands of both powers and were locked up by general investors who expected the stock price to continue to rise.

The distribution volume, which used to exceed 50%, is now less than 10%. The trading volume has completely dried up, so even small materials move greatly. In particular, the upward trend is at a level where there is no brake.

“Surely… you can’t criticize it like that?”

“I’m sure because I checked it when I was lying in bed at night. They say that they can’t sleep unless they get drunk because they’re so worried. I think I’m the same way. Even if I buy all the stocks on the market, how can I pay off 25%?”

Short selling has limited profits, but infinite losses.

“What is the average short selling price?”

“I’m not sure, but I think the loss has already been more than double.”

Up until now, I had held on, expecting it to go down soon. It piled up and piled up until it got to this point.

However, I just happened to confirm with Shin Cheol-ho that the number of shares in circulation is very small. In addition, there is a forecast that there is no end in sight to the confrontation between the two sides. Since the current side has even announced that they will decide to protect Bukseong Life, it is almost as if the stock price will rise today.

“I didn’t want to do that either… but this woman was so nervous that she got drunk and started lusting after me.”

I didn’t ask any questions after that. I encouraged Shin Chul-ho, who was sacrificing his whole life for the company.

“Thank you for your hard work.”

Nam Woon-myung lightly patted Shin Cheol-ho on the shoulder and went into Yun Se-bin’s office.

Yoon Se-bin, who was lost in thought while watching the news about Bukseong Life, offered him a seat and spoke to him.

“The current Eun side has released a statement.”

“That’s something we worked on.”

“I know. Thanks to you, the expected opening price today has already gone up by 14%.”

Today, too, the stock price of Bukseong Life Insurance is expected to soar.

Nam Woon-myeong relayed the information that Shin Cheol-ho had asked for.

“Is there an anticipated scene?”

“Of course there is a short squeeze.”

Short selling requires margin. If the average short selling price has already doubled, then there is a situation where additional funds must be invested because the margin is insufficient.

Given Catherine’s position within the Wonder Fund, she’s reached the limit of what she can endure.

Can I get through today?

If you fail to pay additional margin, you will be forced to liquidate your short position. In other words, the short position will be bought at once, and the stock price will inevitably skyrocket. This is a short squeeze.

Nam Yun-myeong smiled with an evil expression.

“Shall we join in?”

“Let’s do that. It’s obvious that we’ll win by KO, so there’s no reason not to take advantage.”

Yoon Se-bin also agreed.

Today, we will raise the stock price. And immediately after the short squeeze occurs, we will participate in short selling. It is a strategy that eats both up and down.

Of course, the main agent of the transaction is a black-haired foreigner from the New York branch. If you participate in the operation in Korea, problems may arise later.

Nam Yun-myeong contacted the New York branch.

The expected market price of Bukseong Life Insurance has risen further.

* * *

“The atmosphere has been ominous since morning.”

Chief Kim Hak-yong reported.

Hyun-Seop Hyeon stared at the monitor while rubbing his itchy eyes.

As expected, Bukseong Life Insurance’s stock price was rising sharply from the morning.

“Do you have any new material today?”

“That is… This morning, Mr. Hyun-eun issued a statement. He said he would absolutely protect Bukseong Life.”

“what?”

The stock price is rising even more because they started buying it with Hyun Chang-min’s money.

If I had bought everything yesterday, how much profit would I have made?

“These guys really want to see it through to the end.”

“It is not easy to back down from there either. However…… The group’s stock price management staff asked for self-restraint, saying that the current stock price is overvalued and there is no point in pursuing purchases…….”

“I know that much! Who doesn’t know that Bukseong Life Insurance is expensive these days? Even if you know, there are times when you have no choice but to buy it!”

Hyunjae Seop suddenly got angry.

The so-called experts were too old-fashioned and thorough in their theories. In practice, especially in an emergency like the present, their opinions were meaningless.

It was obvious today’s buying power without even having to check it.

Currently, it is the same. Among them, there will be Mega Asset Management. The rest are just ordinary people following along.

The moment I saw it, the stock price of Bukseong Life Insurance jumped one step further.

The news was analyzing the reasons for the rise in the stock price of Bukseong Life Insurance from various angles.

My heart became anxious.

Even in this situation, the fact that Hyun-eun is buying means that he has a chance of winning in the stock battle. Was it just a misjudgment on his part to think that it was advantageous?

“Buy it. It will go up more tomorrow.”

“Mr. Chairman, right now it’s too much…….”

“It’s okay. The enemy is buying right now, right? It’s going to hit the upper limit today. You have to buy before then and see. If you miss it, you won’t be able to buy.”

Kim Hak-yong did not agree, but he could not dare to disobey Hyun Jae-seop’s order.

He instructed the stock management team to buy.

As indiscriminate buying pressure poured in, the stock price immediately rose to the upper limit.

It was a special event that a large-cap stock like Bukseong Life Insurance rose to the upper limit without any trading. The remaining volume of purchases at the upper limit was accumulated.

Hyun-Seop clenched his fists and consoled himself.

“The future of the group depends on it.”

To be exact, Hyeonjae Seop’s future depended on it.

* * *

The next day, it was at the upper limit from the start and there was virtually no trading volume.

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At the same time, rumors were circulating in the stock market.

It was said that foreign funds that had shorted Bukseong Life Insurance received margin calls and a flood of counter-insurance orders poured in. As a result, Bukseong Life Insurance went straight to the upper limit without any trading.

Retail investors were excited.

I have always criticized the fact that stock prices are suppressed by short selling by institutions, but now an institution has appeared that has been destroyed by short selling.

I cannot help but join in this victory.

Bukseong Life Insurance has become a holy place for general stock investors.

Ordinary people piled up their buying power without hesitation.

As the margin call purchase volume of the Wonder Fund and the purchase pressure of the general public overlapped, the stock price was fixed at the upper limit and did not move.

“Short squeeze!”

“How much did it go up?”

“There’s a rumor going around that foreign fund hasn’t processed the short selling yet!”

“It’s a total failure, isn’t short selling the core of investor discrimination? It’s so good!”

“It’s not too late to say that Bukseong Life is expensive.”

“Let’s bankrupt all the short-selling organizations now! Let’s go! Great individual investment warriors!”

“It’s not too late! Sarah!”

“Ugh! I have to buy it! Even for a week!”

The next day and the day after that, Bukseong Life Insurance went straight to the upper limit.

Nam Woon-myung laughed in vain as he looked at the stock prices.

“The individual purchase tax is really high?”

“It might be the Wonder Fund liquidation amount.”

“With this level of increase, the Wonder Fund…….”

Since the stock price of short-selling stocks has increased several times, the fund itself is out of the question. In fact, the fund management company should be considered bankrupt.

Nam Yun-myeong expressed his deepest condolences.

“Isn’t it time for us to start short selling too?”

In this kind of movement, it is very difficult to find the right time to buy because the upper limit is released and the price plummets. The same goes for the timing of selling. If you were an ordinary investor, you would not be able to get involved in such a risky transaction.

But there is an indicator that tells Nam Woon-myung this.

Yoon Se-bin’s near-term fortune. When the fortune is at its peak, you can change the position from buy to sell. Even if you don’t look at Yoon Se-bin’s fate, you can look at his near-term fortune.

As I looked closely at her face, she asked with a pout.

“What is on your face?”

“no.”

After a moment of thought, Nam Woon-myung answered.

“Let’s get rid of it all at once tomorrow. Sell all the stocks in Bukseong Life Insurance that you have, and even short sell them. We have to do it all in one day tomorrow.”

“They’re saying it’s going to rain starting tomorrow. Right?”

Yun Se-bin didn’t ask why. It was the result of his faith in Nam Woon-myung.

Instead, he expressed concern.

“If we sell everything, what will happen to Mr. Hyun Jae-seop? If we hold onto our shares, there will be a fight with Chairman Hyun Jae-seop.”

“It doesn’t matter anyway. Once the storm passes, the board will be completely different. At that time, a new board will open up only for the survivors.”

Who will survive? At least for the current sub, it won’t be easy to escape. And of course, for Wonder Fund.

What about Everly and KR Investment Group? I don’t know yet.

* * *

The next day, Hyun-Seop was looking at the monitor with a worried look.

I reserved the upper limit before even starting today. The upper limit balance was full.

If a short squeeze had occurred as rumored, the fund would have continued to hit its upper limit until its holdings were wiped out.

With several upper limit marches, Bukseong Life Insurance entered the top ranking of KOSPI market capitalization. The movement of this stock alone caused the entire index to fluctuate and affected index futures and options.

Now, even the gift powers are paying attention.

Hyunseop was extremely burdened by this entire situation.

It’s a good thing when stock prices rise, but they rose too much and became unmanageable.

Although it is only a number, his assets have also grown exponentially.

However, it is a stock that cannot be sold. In order to get your hands on Bukseong Life, you must hold on to the stock.

“It’s going straight to the upper limit today too.”

Hyunseop Hyun checked the remaining amount of the upper limit and then turned off the monitor.

We need a solution. This kind of abnormal thing can’t continue. My head was spinning.

How much time has passed?

Kim Hak-yong opened the door wide and came in.

“Mr. Chairman!”

Hyunjae Seop frowned. Kim Hak-yong is not young, but he is acting so clumsily.

“What?”

“Look at the stock price of Bukseong Life Insurance.”

“Is it a problem? It’s not like it’s been a day or two. Why are you bringing that up?”

The upper limit of Bukseong Life Insurance is a daily occurrence. It is not a special event.

“No, it’s just a bulk transaction…….”

“huh?”

It wasn’t like that when I just saw it?

Hyunseop Hurriedly turned on the monitor.

The current price of Bukseong Life Insurance is the upper limit!

However, the atmosphere was different from a little while ago. The large amount of upper limit remaining was gone, and a fierce battle was taking place at the upper limit. Naturally, large volumes of trading occurred.

“What’s going on?”

“I perceived it as too high.”

It is correct because stock prices cannot continue to rise. However, it is difficult to guess what changed the atmosphere like this.

Meanwhile, as selling increased, the upper limit was broken.

But the buying power that quickly gathered drove the stock price up again.

It was like watching a war.

Hyun-Seop Hyun saw this moment as very important.

Has the short selling liquidation volume been fully released? The buying power that is currently attached is that of general investors. Then, where is the selling power?

What is the current position of Eun-Jeong, or rather, Mega Asset Management?

The moment I racked my brain to find an answer, the stock price that had been at the upper limit fell into the abyss like a falling knife.

Go straight to the lower limit!

At the same time, an urgent phone call rang.

“what?”

[Mr. Chairman! Watch the news. News!]

“Is this Bukseong Life?”

[No! It’s Bukseong Chemical Energy.]

“Why is that suddenly coming out?”

Breaking news appeared on the monitor.

[KR Investment Group! Bukseong Chemical Energy Hostile Acquisition and Merger Declaration!]

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