Chapter 811 - Stock Accumulation of His Own Company (2) – Part 2
Chapter 811: Stock Accumulation of His Own Company (2) – Part 2
Gun-Ho was sitting in the living room having a cup of coffee after breakfast. He opened Naver.com with his smartphone to see the stock discussion forum.
People were vigorously talking about Dyeon Korea stock.
“The price that was reduced by 3% yesterday will be recovered on Monday. I’m sure about it.”
“If the price falls even lower than now, Gun-Ho Goo will have to be careful when he walks around after dark. Someone will hit the back of his head.”
“The price increased and reached the upper limit during the after-hours trade!!”
“You stupid idiots! It did not hit the upper limit at all. The price was raised by 3% during the after-hours market; that’s all.”
“That stupid Dyeon Korea, when are they going to publish their third-quarter period’s financial documents?”
Gun-Ho laughed while reading the discussion forum. He found the way that some people talked funny.
“What are you laughing at?” Young-Eun asked.
“Dyeon Korea’s stock price dropped, and a lot of people talked badly about me. You want to see?”
Gun-Ho showed Young-Eun his smartphone screen. As she read the stock discussion forum, Young-Eun laughed out loud along with Gun-Ho.
“Someone said that Gun-Ho jerk person would better be careful when he walks on the street after dark. Hahaha. Oppa, you became famous.”
Gun-Ho liked it when Young-Eun laughed. He liked it when women laughed in general. Gun-Ho quickly kissed Young-Eun on the cheek.
After finishing his morning coffee, Gun-Ho stayed in the living room watching the TV with Young-Eun. At that moment, they could hear Sang-Min crying. He must have woken up.
“He has a wet diaper.”
Young-Eun changed Sang-Min’s diaper and started breastfeeding him in her arms. While being breastfed, Sang-Min grabbed Young-Eun’s other breast to play with it. The baby and his mother both looked happy, and Gun-Ho wanted to catch the moment by taking a picture of them. He pulled out his smartphone and captured the happy moment.
After finishing his meal, Sang-Min seemed to be in a good mood; he started saying things in a way no one would understand yet, but probably his mother would.
“What is he saying?” Gun-Ho asked.
Young-Eun replied, “He wants to go outside.”
“Sure! Let’s go out.”
Gun-Ho gave a bunch of kisses on his son’s face before getting ready to go out.
It was Monday.
Gun-Ho was going to accumulate Dyeon Korea’s stock that day. He transferred cash of 3 billion won to the stock account that he borrowed from Seung-Hee sister, through several separate transactions.
‘The share price is now around 18,000 won. I’m going to keep purchasing the stock until the price is raised to low 20,000 won. I bought 50,000 shares so far. I’m going to purchase 150,000 shares more.’
Gun-Ho spent his entire morning trading the stock. Once he started buying the stock, the stock manipulators started selling their shares aggressively, and that made the price drop by 10%, but Gun-Ho didn’t mind; he purchased them all.
‘Bring it on. I’m ready. I’m loaded with more cash than you all.’
Gun-Ho poured a substantial amount of cash into buying Dyeon Korea’s stock, and Dyeon Korea appeared on the stock chart with a red light. The volume of the stock trading began to increase.
Gun-Ho opened the stock discussion forum on Naver.com to see the public investors’ reaction.
“Guys! A big player seemed to join to trade Dyeon Korea stock. It’s moving.”
“I told you so, didn’t I? I predicted that the price would increase starting today!”
Gun-Ho raised the price by 3%, and there seemed to be no noticeable movement from the stock manipulators’ side yet. The purchasing was slow. Gun-Ho purchased Dyeon Korea as soon as someone put it available on the market.
At that moment, Gun-Ho received a call from Seung-Hee sister.
“President Goo? It’s me, Seung-Hee sister.”
“Yes, sister. How are you?”
“I just got a call from the branch manager of the stock brokerage firm where I had opened my stock account. During all these years, I’ve never received a call from anyone even from a staff in that stock brokerage firm. It is certainly unusual that the branch manager gave me a call. Is something going on with my stock account?”
Gun-Ho instantly thought that it was probably because of the 3 billion won that he had deposited in her stock account for Dyeon Korea stock accumulation.
Gun-Ho asked her, “What did you tell him?”
“I told him that I was in the middle of something and would give him a call later. I wanted to talk to you first about it before I talk with him.”
“I deposited a significant amount of money in your stock account today in order to purchase some shares. I guess that’s why he gave you a call. He probably wanted to make some recommendations to you about which stock is hot these days. I’m pretty sure about it. That’s what they do.”
“Really? What should I do then?”
“Tell him that you have no intention to let anyone trade stocks on behalf of you, and also tell him that you can’t leave your home because you are handicapped. Tell those things if he calls you again. You don’t have to make a call to him to tell that though.”
“You think that will do?”
“Yes, I believe he will go away.”
“Okay. I will tell him if he calls me again.”
After spending the entire morning trading the stock intensively, Gun-Ho felt a headache. He asked Secretary Yeon-Soo Oh to bring him a cup of coffee.
“I will take a break while having a coffee before continuing the stock trading.”
While having his coffee, Gun-Ho looked at the stock account.
“I initially deposited 100 million won to this Seung-Hee sister’s stock account. And then, I deposited an additional 1 billion won to the account, and then added another 3 billion won very recently. So, I put in a total of 4.1 billion won there.
I currently have 80,000 shares with this stock account. The average price that I paid for them per share is 18,600 won. I spent a total of 1.488 billion won. I’m going to continuously purchase the shares until I accumulate 200,000 shares.”
Gun-Ho looked at the profit and loss window for the account.
“Fu*k. I lost 37,200,000 won so far. It’s a 2.5% loss.”
If he sold all of the shares that he purchased with this specific stock account at the current market price, the estimated value would be 4,062.8 million won.
Gun-Ho invested 4.1 billion won, and he lost 37,200,000 won within 2 days. He didn’t lose much with the previous purchase, but most of the loss incurred during today’s transaction. However, it was okay with Gun-Ho. His plan was to catch a big fish using a small bait of 37,200,000 won.
“I cast the bait. The stock manipulators would assume that big and small investors started buying the stock, and they would join the trade soon.”
At that moment, Gun-Ho thought about Chairman Lee from Cheongdam Town.
Gun-Ho mumbled to himself giggling, “Chairman Lee from Cheongdam Town will be probably casting a bait at the fishing site in Pocheon City while I’m casting my own bait here in my office.”
Gun-Ho looked at his watch.
“Hmm, it’s almost noon. Some stupid investors are probably selling their stock thinking that the price increased enough, by now.”
Gun-Ho opened the stock market application, and he found that the 10,000 shares that he requested to purchase earlier that day around 10 am had been shrunk to 5,000 shares. That meant that he successfully purchased 5,000 shares. He immediately added an additional 5,000 shares to his purchase request.
Gun-Ho then entered the stock discussion forum on Naver.com.
“Hey, someone made a request of purchasing 10,000 shares. I guess an institutional investor wants to buy that many shares.”
Gun-Ho— a big player from Gangnam— was now deemed as an institutional investor.