Read Novel Full Chapter 879 - Presidential Candidate’s Little Brother (2) – Part 2
Chapter 879: Presidential Candidate’s Little Brother (2) – Part 2
A few days passed by. There were no dramatic changes in Dyeon Korea’s stock price yet. It stayed about the same price. It seemed that no one was really paying attention to Dyeon Korea yet, and its trading volume was noticeably nominal. However, it was maintaining the price around 6,500 won which was an increased price from 5,600 won.
Gun-Ho was sitting at his desk in his office in Sinsa Town. While staring at Dyeon Korea’s stock chart, Gun-Ho said, “The moving average is breaking away. Someone seemed to finish buying the stock, and he is holding it without putting it back to the stock market. That’s why the stock price is not increasing nor decreasing. It’s about the time when Candidate Jin-Woo Lee said something about his intention to run for President.”
The stock price of the clothing company—Gdano—was at a record high three days in a row, and then the increase seemed to stop, while Dongmal Construction’s stock price, where Party Leader Jin-Woo Lee’s cousin was working, was still on the rise. Its stock price has already doubled. Gun-Ho thought that it was ridiculous to see a company’s stock price fluctuating just because someone in the company was related to a politician.
“A company’s stock price is supposed to move up and down based on the potential or expectation of that company’s future business. That’s how investors are supposed to look at when they make their investment decision. Stock price fluctuation based on relationships with some politicians is not right!”
Gun-Ho opened the Financial Supervisory Service’s website to see those two public companies’—Gdano and Dongmal Construction—financial statements.
“These companies are not worth that price at all. They both have high debts, and their sales have stayed the same for a while. Their business is actually losing money. So, those stock manipulators included these shi*ty companies as theme stocks and made money out of it. It’s absurd. The little investors, who read this stupid trend and bought these companies’ stocks, will soon lose money.”
It didn’t take long for Dyeon Korea to be included as one of Jin-Woo Lee’s theme stocks.
A popular American journalist visited Korea to talk with Party Leader Jin-Woo Lee. He wanted to know more about the new political party’s leader’s—Jin-Woo Lee—political view.
The talk between them went well. Party Leader Jin-Woo Lee clearly showed that he took seriously the friendly relationship between the U.S. and Korea. So far so good. The journalist posed his last question to Party Leader Jin-Woo Lee.
“You are now leading your political party—Gongmyeong Party. People say that you are a strong candidate for the next president. Can I ask if you intend to run for President?”
“It’s too early to talk about my intention about running for President. However, if our people want me to be, then I will be ready to run for President.”
Jin-Woo Lee’s statement started being widely spread out. And it made national headlines the following day.
[Gongmyeong Party’s Leader—Jin-Woo Lee—seemed to make his decision to run for President.]
What he really said was that he would be ready to run for President if people wanted him to, but that was interpreted by news reporters as he actually was determined to run for President. And it was widely spread out nationally by newspapers.
[Party Leader Jin-Woo Lee had a talk with the American daily newspaper reporter and also a famous journalist—Mr. Thomas Woods—yesterday morning, and during the talk, he showed his strong will to run for President. Party Leader Jin-Woo Lee clearly stated that he would be ready to run for President if Korean citizens want him to.]
When Jin-Woo Lee’s friend’s apparel firm’s—Gdano—stock price increased three times higher, and Dongmal Construction Company’s stock price hit the upper limit for the day, the stock manipulator started selling those stocks. While little investors thought that those two companies’ stock prices just started increasing because of Party Leader Jin-Woo Lee’s statement about his possibility of running for President, the stock manipulators were ending the price increase.
Not many people seemed to know about Dyeon Korea being somewhat related to Jin-Woo Lee. But, its stock price increased by 10%, maybe some learned about the connection between the two. When Gun-Ho noticed the price increase, he quickly opened the stock discussion forum for Dyeon Korea.
“Huh? What is going on with Dyeon Korea’s stock? Are they doing fantastically well with their factories overseas?”
“I guess its president—Gun-Ho Goo—realized that he had to manage the company’s stock price, so maybe he bought some for himself to increase the price.”
“You know what? I heard that Dyeon Korea is linked to Party Leader Jin-Woo Lee.”
“Hey, the one above, you’d better be right about what you said about the rumor. Otherwise, I’m going to kick your a*s.”
“Oh, please. I’m sure Jin-Woo Lee is at least 20 years older than Gun-Ho Goo. How can they be friends? Or, are they connected in other ways?”
“Someone reports that guy who is spreading the ungrounded rumor.”
Gun-Ho giggled, and then he left the stock discussion forum.
Gun-Ho received a call from SH Investment Partners’ President Geun-Soo Son.
“The stock price suddenly went up by 10%. Is there any good news with the company, sir?”
“Not that I know of.”
“Sir, I think this is the time to sell the stock. It seems there are lots of buy requests accumulated already for the stock.”
“As I told you before, I want to wait until the end of the year.”
Gun-Ho received another call from the branch manager of Gangnam Stock Brokerage Company. It had been a while since he talked to him.
“Dyeon Korea’s stock price increased by 10% today, sir. I guess that it is slowly becoming one of the theme stocks.”
“You didn’t leak the information about it to the stock clubs, did you?”
“Oh, my, sir. I would never do such a thing to you, sir. I’m hurt. I’ve made recommendations a few times as Dyeon Korea is a good stock to invest in though. And, I also once introduced Dyeon Korea’s stock as one of the good stocks for investment, during an online stock program. That is it.”
“Hmm.”
“Dyeon Korea is a debt-free company with sales growth of 30%. So, I often stated that it is a good stock to hold. But, I’ve never mentioned it as a stock possibly influenced by politics. Moreover, a stock brokerage company never recommends its investors a theme stock for them to invest in.”
“I know that. I was just saying it because the stock price unusually increased without a plausible explanation.”
“Some observant investors probably already took a hint about the connection between you and Party Leader Jin-Woo Lee. There has to be a reason when we see a 10% increase in a stock price, especially, its trading volume increased substantially as well.”
“Hmm, you think so?”
“If we see another 10% increase in the stock price tomorrow, that means that Dyeon Korea’s stock became one of the theme stocks. I’m sure of it, sir. And, we will hear the rumor about the connection probably the day after tomorrow.”
“Hmm.”
“With the rumor going around, Dyeon Korea’s stock price will keep increasing for quite a while since it is the major theme stock.”
“Well, if you know that much to predict the price increase so firmly, why didn’t you buy some of Dyeon Korea’s stock for yourself?”
“Oh, my, sir. Don’t even make a joke about it. I don’t want to get arrested. I didn’t even ask SH Investment Partners’ President Geun-Soo Son about which stock the company is buying even though I know him personally. He wouldn’t let me know even if I asked. The branch manager of a stock brokerage company shouldn’t try to know things like that if he wants to work in this industry for a long while.”
“I see. I’m sorry to ask you that. Well, I have a small favor to ask you. If Dyeon Korea’s stock price increases by 10% again tomorrow, will you give a hint about Dyeon Korea’s stock being a theme stock, to SH Investment Partners’ President Son? I don’t think I can tell that to him myself.”
“Of course not, sir. You must not say that to anyone other than yourself, sir.”