The Strange Book (2)

The market dynamics in the past ten days have undergone significant changes, particularly with increased activity in metallurgical metallurgy. Despite initially starting with just 10 units, the frequency of purchases has now exceeded 100 units. Nevertheless, the challenge remains in breaking through a selling wall of 5 million stocks with a limited stock of only 100 units.

As the situation intensified, Lee Sang-hoon made some significant investment decisions. After observing the price fluctuations for Taeeun Innotek, including a rise to 16,000 won and a drop to 14,500 won, he eventually sold all of his shares at 15,250 won. Despite a marginal gain, the associated taxes and commission resulted in an overall loss.

Undeterred by this setback, Lee Sang-hoon took a bold step and initiated trades in Luho stocks. Despite feeling a sense of uncertainty, he remained focused and committed to his decisions, knowing that his actions in the stock market could have a tangible impact.

The lower limit for selling Luho's stock, which was supposed to be between 5 million and 4 million shares, was missing. Lee Sang-hoon verified the trading volume. If all 1 million shares had been purchased and missed, the trading volume would indicate that 1 million shares had been traded. However, the actual transaction was still less than 100,000 shares.

"There is something else," Lee Sang-hoon remarked. Although he couldn't precisely explain it, he had a feeling that he couldn't articulate with words, almost like a gut instinct. It was suggested that if the transaction was less than 100,000 shares and 1 million shares were missing, the seller had canceled the sale.

Lee Sang-hoon himself had not even pre-sold the 10,000 shares that belonged to his father. It was mentioned that some individuals had given up on selling due to despair, or had refrained from selling because they felt something strange, similar to his own feelings. Otherwise, it was thought that those who sensed buying momentum through the seemingly insurmountable resistance were gradually chipping away at the selling pressure.

Lee Sang-hoon continued to monitor the situation with the Luho purchase confirmation button on the Taeeun Innotek account. In a way, it felt absurd. He was attempting to buy stocks as Luho experienced a significant drop, which he couldn't bring himself to call a crash, based solely on his intuition.

"Have my eyes become useless?" he wondered.

Perhaps if Lee Sang-hoon hadn't seen the contents of the book, he wouldn't have made this decision. It was as if he had been fixated on this idea ever since the book had crossed his mind.

Lee Sang-hoon hesitated as he attempted to press the confirmation button. Should he trust the book? Should he trust his instincts? It wasn't a rational decision. It felt like stepping into an anthill from which there was no escape after making the wrong purchase.

Covering his face with both hands and bowing his head in front of the desk, Lee Sang-hoon took a deep breath. After a moment of contemplation, he forcefully pressed the confirmation button.

"The purchase order has been confirmed."

"Ah, I don't know. Do whatever you want," he muttered to himself in a desperate tone, but with an underlying sense of confidence. There was something ineffable that hinted that he might not be wrong, and it comforted him.

Lee Sang-hoon lost about 2 million won and 270 shares of Luho at the lower limit. It was a small amount compared to his father's 10,000 shares, but it still represented a significant portion of Lee Sang-hoon's wealth.

After agonizing since 9 o'clock, Lee Sang-hoon noticed that it was already 11 o'clock. He briefly went to the living room, grabbed some cold water from the refrigerator, and then returned to the monitor.

The lower limit selling balance for Luho suddenly decreased to 3 million shares.

"What?"

Just a few hours ago, the 5 million shares had thinned to 3 million. The buying pressure was intensifying against the thinned selling wall.

1,000, 500, 5,000, 3,000... Until the previous day, only several tens of purchases would occur in an hour, but today there were a thousand units of purchases, barely noticeable. "Is this going to break through?" Lee Sang-hoon pondered as he hadn't even placed the cup of water on the desk yet. The speed at which buyers were pushing against the selling wall was accelerating, keeping them glued to the price window. Meanwhile, something even more dramatic than the buying frenzy was occurring elsewhere in Hogachang.

3 million shares -> 2.8 million shares -> 2.5 million shares... The volume of stocks available for sale on the wall was diminishing faster than the surging buying trend. It seemed as though the idea that the wall could be breached was spreading rapidly, causing the sales volume to recede from the wall. In response, the number of purchases surged.

10,000 shares, 20,000 shares, 30,000 shares... Now, the buying trend was likened to an incoming deluge.

"I will break through," Lee Sang-hoon thought, as if observing a scene from a dramatic movie. Just as the walls of Constantinople, which had defended the empire for a millennium, were breached by a single side door, the selling wall was crumbling rapidly.

1 million shares... Eventually, the significant number of 1 million shares collapsed.

And ultimately...

-14.75%

The lower limit of -15% was surpassed. Luho skyrocketed as if anticipating the lower threshold.

-14.75% -> -14.27% -> -12.55% -> -10.32% The buying trend surged, consuming all the sales, akin to a flood exploding forth. The purchasing momentum intensified to the point that the selling volume couldn't keep up. Transitioning past the intermediate stage, it progressed to the next level. The flickering of Hogachang flashed as if the market's spirits were in a whirlwind.

"Sang Hoon."

With a phone in one hand, Lee Sang-hoon's father rushed into his room, followed by his mother and younger sister.

"I heard about the release of Luho's lower limit. Did you sell it? Did you sell it?"

It seemed he received a call from someone involved with Luho. If they had been waiting to sell, it would have been an unconditional sale. The person who sold seemed to have called Lee Sang-hoon's father to confirm what had transpired, prompting him to rush to Lee Sang-hoon's room.

"I didn't sell it."

"Why not? Sell it quickly. Come on, sell it," Lee Sang-hoon's mother pleaded, grasping his arm. However, Lee Sang-hoon remained steadfast.

"You entrusted it to me. It's still around 8,000 won. Please wait a little longer," he asserted.

"Sang Hoon, shouldn't you sell it? What if a situation arises where you can't sell again because of this?"

"Brother, don't be greedy. Sell it anywhere. I told Mom to consider it a good thing to incur this loss. So, brother, sell it quickly," his younger sister urged.

"Sang Hoon, President Do sold it. Let us sell too. Hurry," even Lee Sang-hoon's father chimed in after ending the call. Yet, Lee Sang-hoon remained unmoved, glued to the monitor screen.

"Yesterday, we agreed to wait, and that's what I intend to do. Once I've exhausted all options, then we can discuss it," he reaffirmed.

"Sang Hoon, how much do you want to sell it for? 8,000 won? I lost 20 million won, but if I think about it, I can afford it. Please sell it, Sang Hoon," his father implored.

"I aim to sell it around 9,500 won," Lee Sang-hoon affirmed.

"What? 9,500 won?"

The others, except Lee Sang-hoon, expressed surprise. While Lee Sang-hoon had only recovered to 8,000 won from 7,300 won, stating a selling price above 9,000 won appeared audacious.

Despite their parents' pleas, Lee Sang-hoon remained unfazed, his eyes fixed on the monitor.

Suddenly, Luho's stock price entered a fierce battle at 8,500 won, up from 8,000 won, nearing the previous day's closing price. This represented a 17% increase from the lower limit and continued to surge, indicating considerable room for further growth.

Lee Sang-hoon's own heart was in turmoil. He knew a 17% increase was not an easy feat. In less than an hour, he had gained about 250,000 won, and his father had recovered 12 million won. But Lee Sang-hoon remained resolute in his belief, placing his trust in his instincts and the contents of the book. Despite his concerns about Luho, he could not help but trust in the trajectory following the release of the lower limit.

"Please trust me, and you two, please go back and wait. It's for the best. Trust me, as you always have," he assured, addressing his parents.

His four-year-old sister, Ji-hye, looked at Lee Sang-hoon and made a request. In his eyes, she saw faith.

"Mom, Dad, trust your brother. Let's leave it to him, okay?"

After some hesitation, Lee Ji-hye steered her parents out of the room, glancing back at Lee Sang-hoon, who nodded in gratitude.

As Lee Sang-hoon focused on the monitor, Luho's price surpassed 8,500 won. Despite the internal struggle, he persevered, and Luho climbed past the 9,000 won mark. He now faced a decision.

While aiming for 9,500 won or more, achieving such a price seemed like a dream. Reaching the upper limit of 15% was miraculous, and anticipating such an increase was a lofty aspiration. Ultimately, he had to choose whether to conclude at this level or keep going to achieve his intended price tomorrow.

Contemplating this, Lee Sang-hoon made his decision, taking his hand off the mouse and focusing intently on the screen. As time passed, Luho closed above the 9,000 won mark.

In the end, Lee Sang-hoon did not sell Luho. His parents questioned him in the living room, and after briefly stepping outside to cool off, he returned to inform them of the closing price.