Side Story 42. A Month Later - Kwon Seong-Il (3)
Inside the KODEX Leverage Management Department of Ilsung Asset Management, Lee Cheol-Woo felt a scream rising in his throat. The speed at which the suddenly emerged big player devoured the sell volume was tremendous.
"Are they crazy? Who are these people?!"
Shouts, which almost sounded like screams, could be heard from the next counter. Lee Cheol-Woo wanted to scream too, but he needed every second to move his fingers more efficiently.
Strictly speaking, ETFs were not stocks. They were artificially created products. They were the products designed to follow stock prices, and LPs[1] like Lee Cheol-Woo's department had the obligation to adjust sell and buy volumes according to market demands of clients.
However, the appetite of the big player, or rather monster, was truly vast. As soon as food was served on the table, it was devoured instantly. It seemed that ordinary quantities wouldn't satisfy this monster's appetite.
Soon, not only Lee Cheol-Woo but all the managers in the department were also waiting for the approval of the department head. Finally, they received an okay sign.
Lee Cheol-Woo swallowed his saliva and cautiously pressed the keyboard. He offered up a dish worth forty-two thousand won a piece, a total of ten million dishes, which amounted to four trillion won.
The moment he saw that even this massive volume was instantly consumed, a gasp escaped from him.
"Wow!"
Who could eat all of this?! But he didn't have time to just sit in awe. The monster's hunger was so intense that continuous offerings had to be made.
***
After the market closed, only silence prevailed inside Ilsung Asset Management's KODEX Leverage Management Department.
What on earth had happened? Understanding the reality was challenging. It was a truly unprecedented event.
By the close of the market, the monster had consumed a whopping forty trillion won, solely in the KODEX Leverage. This meant that the market capitalization of the KODEX Leverage product had grown accordingly.
Despite the bull market where all stocks soared madly, the size of the KODEX Leverage broke into the top ten of all domestic stocks. Even though stock market history was being rewritten again, this was just too much.
Lee Cheol-Woo got up upon receiving a call from the department head. The market had closed, but the real busy work was about to begin. However, the fact that he got a call from the department head meant even he was in shock from the situation.
"What do you think happened?"
"I can't comprehend it."
Lee Cheol-Woo answered honestly. He had witnessed the insane frenzy of a monster. The only description that came to mind was 'insanity.' Spending an astounding forty trillion won just on ETF buying?
Yet, against all odds, the monster's frenzy shattered what seemed to have been an impossible boundary. The mere ETF was not supposed to influence both the physical and futures markets!
ETFs were originally designed to support those markets, but they played a leading role in influencing those markets this time. Hence, both the futures and spot markets surged significantly. This was the power of the astronomical amount of forty trillion won.
“Today, fifty billion dollars flowed into our country.”
“I wasn’t aware. Then, the exchange rate would be...”
Despite such a significant event, everything was chaotic because of the appearance of the monster. A thought suddenly struck Lee Cheol-Woo, and his eyes widened in surprise.
“Did that money come into our product?”Aall newest chapters on n.o./velbi/n/(.)com
“There’s no other explanation. Who would buy forty trillion won's worth of ETFs? Especially in just one day. The timing is right.”
“Could it be...a Korean with foreign nationality disguising as an individual investor?”
The Jonathan Investment Finance Group had distributed two trillion dollars for social stability to the Awakened. Recently, His collection was traded for one trillion dollars. Moreover, the valuation of leading US companies in the fourth industry and the emerging industry was at least one trillion dollars.
“Excuse me?”
“The one who took a crazy amount of our leverage is Caliber.
The silence was so heavy that it seemed to weigh down the air. Lee Cheol-Woo struggled to speak.
“Wh...wh...why? Why the heck?”
“I don’t know. Maybe something to do with Jonathan Investment Group? A connection between the heroes? I actually don’t know.”
“Then that makes even less sense. Why would he go about it this way...?”
“What is this?”
“What on earth is going on?”
“What the fuck is this?”
***
Huff. Huff.
Seong-Il's breathing was continuous and heavy. Indeed, the saying "money begets money" was true. Was making money always this easy? He felt regret for entering the market so late.
Although the profit rate on his account read six percent, the total profit was approaching 2.4 trillion won. 2.4 trillion won in just one hour!
I should take shots to celebrate this. No, wait, now's not the time for soju.
After all that, he still had funds remaining. If he had placed a high stake in stable assets like leverage, shouldn't he have reserved a bit and aimed for high risk, high return? Diversification in investment was crucial.
As He protected the mainland, I should take charge of my life. It's surely not too late. This is just the beginning!
With excitement in his eyes, Seong-Il began browsing various stock community forums. Then, a particular post caught his attention.
Caliber-themed stock?
「Title: Stocks related to the expedition / Caliber theme's leading stock * Hyunji Construction」
What's this Caliber theme about? Is there something I'm not aware of?
「Although Caliber hasn't yet ventured into outer space, his influence as one of the chosen final heroes is undeniable. Every word about the Caliber holds significant sway in the Awakened Association. Regardless of his whereabouts, his reputation within the Association is noteworthy as he holds a respected position on the board.
#Hyunji Construction (refer to the daily chart)
As depicted in the daily chart, Hyunji Construction, representing the Caliber-themed construction stocks, is experiencing continuous growth, breaking its daily highs.
#Kim Joo-Han, the chairman of Hyunji Construction, and Go Hoon, an external director, both graduated from Woojeon High with Caliber. Also, Go Hoon is known to frequent a restaurant that is popularly known as Caliber's favorite, Wondong Sundaeguk (as seen in Go Hoon's KakaoStory update from November 30, 2017).
#Since its association with the Caliber theme, Hyunji Construction has been gaining lots of focus. Given Caliber's prominence, this upward trajectory is anticipated to persist. It's also projected to follow in the footsteps of #Iljoo Construction, one of the top-performing stocks. If Caliber does decide to venture forth, it's foreseen that Hyunji Construction will rise as a leading stock under Caliber's theme.」
Who are Kim Joo-Han and Go Hoo? But since I am Caliber, shouldn't I be investing in Caliber stocks?
Koreans invest in Korea. Caliber invests in Caliber! Of course, Seong-Il didn't pay attention to the cautionary notes mentioned below.
「 *This is the one and only opportunity in human history.
*However, always approach wealth accumulation, especially stocks, with a conservative mindset. It's essential to keep some funds liquid for safer measures.」
1. Liquidity Providers. ☜