Chapter 813 - Stock Accumulation of His Own Company (3) – Part 2
Chapter 813: Stock Accumulation of His Own Company (3) – Part 2
The following day, Gun-Ho successfully sustained Dyeon Korea’s stock price at the 19,500-won level. Every time when stock manipulators placed their Dyeon Korea’s shares on the stock market for sale, Gun-Ho purchased them all right away. After repeating the same process over and over again, the stock manipulators became seemingly tired. Consequently, the volume of Dyeon Korea’s shares that were placed for sale on the market decreased conspicuously.
Stock manipulators were not necessarily those who conspired to manipulate a stock price with an intent to make it happen. But, it could be an institutional investor who wanted to purchase or sell a substantial number of shares, or it could be a club where people gathered together to exchange information and trade the same stocks with a plan. Or, it could well be just a group of small individual investors who just happened to purchase or sell the same stock.
“That guy told me that his stock manipulating club is composed of 30 members. That’s not a lot, and they wouldn’t be able to bring in a substantial amount of money to create a huge impact on the stock market. Say, one person brings in 50 million won. They can only collect 1.5 billion won from 30 members.”
Gun-Ho was not afraid of that sort of club. But, if an institutional investor has an eye on Dyeon Korea stock, that could be a problem. Dyeon Korea was a debt-free company, and it was a joint venture company with a world-renowned firm—Lymondell Dyeon. Dyeon Korea was attractive enough to draw acute interest from institutional investors. Moreover, the current stock price was low enough to purchase if someone intended to buy a substantial number of shares.
“But, the number of Dyeon Korea’s shares available to trade in the stock market is too low for an institutional investor. They could end up raising the price so high without gaining much from the effort,” said Gun-Ho as he grinned.
“It’s just perfect for me to play with though.”
The next day, Gun-Ho raised the stock price to 20,000 won. A lot of little investors started selling their Dyeon Korea stock as soon as they realized that they could sell them at 20,000 won. The very fact was showing that many people had purchased Dyeon Kroea stock around 20,000 won in the first place, and they had been waiting for the price to be recovered to that level, so they could sell them without losing money. On the other hand, there were some people who just sold their stock even though the price hadn’t reached their original purchasing price. Those people were probably scared that the stock price might drop again anytime soon.
Gun-Ho had been busy from Monday until Wednesday raising and stabilizing Dyeon Korea’s stock price. Its stock chart looked good. The moving average finally indicated an upward direction.
Once a turnaround of Dyeon Korea’s stock price was observed, stock analysts started recommending people to buy Dyeon Korea’s stock.
[After hitting the low point, Dyeon Korea stock changed its course to the direction of upward. Dyeon Korea is a debt-free and financially stable company with good reserves. This company possesses the exclusive right to sell in the entire Asia Market, which they obtained from the global enterprise—Lymondell Dyeon. This company has a great potential to grow even further, and I do recommend its stock for your next investment.]
Gun-Ho went into the stock discussion forum to check people’s reactions.
“I received the green light from my stock club. They said it’s okay to buy Dyeon Korea stock now.”
“Do not buy Dyeon Korea stock. You will lose everything. If you want to buy it, you probably want to do so maybe next year to be safe.”
“By the way, how come they are not publishing the company’s third-quarter financial documents yet? Are they hiding something?”
Gun-Ho smiled and looked at his stock account again. He had already accumulated 215,000 shares so far. The average price that he spent per share was approximately 19,000 won.
Gun-Ho closed the stock trading application, and he opened a news section on the internet.
“Huh? Candidates are being nominated for the leader position of the political party—Gongmyeong Party?”
[A political convention for Gongmyeong Party is around the corner. Candidates are being nominated who would compete to be elected as the leader of the party. The competition is expected to be fierce because of the power that will be given to the party’s leader. The person who is leading a political party will secure the right to nominate the candidate for a congressional election. The leader will also be in an absolutely advantageous position to become the candidate for the next presidential race as well.]
Gun-Ho had not been very interested in politics until recently because he believed that whoever seized power, it wouldn’t make any difference to ordinary people’s life and economy. This belief had been formed over the years while he lived his life, from his high school years when he was a boy from a poor family in Juan Town, Incheon City to the old days when he studied for the government job exam in Noryangjin Town, and to those hard years when he worked at a factory as a production worker in several different areas such as Hwaseong City, Pocheon City, and Yangju City.
However, he started becoming interested in politics because of Minister Jin-Woo Lee. GH Mobile was looking at its very possible prospective goal of generating an annual revenue of 200 billion won right now. Without Minister Lee’s help, it wouldn’t have been possible, or it would have taken years and years to achieve that goal. Minister Jin-Woo Lee’s help and his power obviously made it happen.
Gun-Ho leaned back in his comfy office chair and closed his eyes. He thought about the slush fund that would go to Minister Jin-Woo Lee for his political activities.
‘If GH Mobile generates net earnings of 10 billion won this year, his father would receive 1.5 billion won as a form of a dividend. Minister Jin-Woo Lee’s father—Mr. Beom-Sik Lee—owns 15% of GH Mobile’s shares after all. I don’t know much about politics, and I wonder how much money would be necessary for political activities.
If he is elected as the leader of his political party and eventually runs for President, he would probably need a substantial amount of funds for his campaign. Since he is the son-in-law of A Group’s chairman, people will keep a close eye on A Group. I wonder if A Group would be able to provide him with monetary support for his political activities in that situation. I’m pretty sure that Minister Jin-Woo Lee will try to heavily rely on me financially. Where should I draw a line in helping him if that happens?’
At that moment, Gun-Ho’s phone started ringing. It was from the branch manager of the stock brokerage firm in Gangnam District.
“Sir, it’s me.”
“Oh, yes, how are you, Mr. Branch Manager?”
“Congratulations, sir. Dyeon Korea’s stock price is going upward.”
“I know. I noticed that this morning.”
“Is there any good news with the company, which probably affected the stock price?”
“Not that I know of. The business has been going well as usual. Our sales in the domestic market keep increasing as expected, and our newly established companies—Dyeon China in Suzhou City, Jiangsu Province and Dyeon India in Chennai—started producing products in their local factories and began to sell them in the area. That’s about it.”
“Oh, that’s right. Dyeon Korea invested in those two companies—Dyeon India and Dyeon China—right?”
“That’s correct. They are not a joint venture with an Indian company or a Chinese company, but you can say that those two companies partnered with Dyeon Korea since the funds to establish those companies came from Dyeon Korea.”
“That could be good news for Dyeon Korea’s stock.”
“What are you saying? Are you intending to release that information to influence the stock price?”
“Why not? It’s good information that will benefit the company. I will release it.”
“Well, if you want to do so, please release that information once Dyeon Korea’s stock price exceeds 25,000 won.”
“Okay. I will do that, sir.”