The Magician’s Memorial - Chapter 326



Only Krnovel

326. If you endure, you will win the fight (5)

The short selling forces moved very quickly.

They were the short-selling force that announced to various media outlets the withdrawal of short-selling on Tesla.

A famous American newspaper published an image of a Wall Street hedge fund representative with his head bowed and a man wearing Saudi clothing standing confidently in front of them.

“You can tell just by looking at the newspaper what kind of negotiations were made with the Saudi sovereign wealth fund.”

“It appears that the short-selling forces have declared unconditional surrender on the condition of purchasing Tesla stock at a low price. It is said that the fact that newspapers pulled out the front page like this was at the request of the short-selling forces.”

People on Wall Street considered money more important than fame.

Therefore, they may have submitted these photos to newspapers because they wanted to reduce losses even if their reputation was ruined.

“The photo was chosen very well. It was chosen so well that it actually makes me worry. You wouldn’t offend the feelings of the American public for no reason, right?”

“The American people have grown to hate Wall Street after the Lehman incident. They are actually happy that Wall Street’s hedge funds have bowed down to the Saudi sovereign wealth fund.”

The American financial market was completely shattered by the Lehman crisis.

Astronomical losses occurred, and the losses were covered by American taxes.

However, since no one was held responsible for the Lehman incident, it was natural for hatred toward Wall Street to arise.

“From the Saudi sovereign wealth fund’s point of view, the clown must be ascending to heaven because he has caught a big catch.”

“I already received a call in the morning. Next time, if there is any business like this, please contact me at any time.”

“Everyone is happy, but strangely enough, the king of short selling is not reacting at all.”

“Wouldn’t you be crazy to have been betrayed by hedge fund representatives you trusted?”

The king of short selling couldn’t stay still.

He, like me, was one of the people who made a lot of money through the Lehman crisis.

He was also a person who had a lot of cash assets left that could be used even if this short sale failed.

“Continue to watch Kanos’ movements. He is not the type of person to sit still after being treated like this.”

“We will keep an eye on it 24 hours a day. Tesla’s stock price has surpassed its highest point. At this rate, it looks like it will surpass the $100 mark within this month.”

It was incredible speed.

Even before the regression, Tesla was clearly a company with a high stock price.

However, its value was recognized only after 2020, and before that, it had to spend more than 10 years at a stock price of about $20 due to the checks of short sellers.

The reason Tesla changed so much was solely because of my involvement.

Tesla was able to soar early thanks to early resolution of the problem with short sellers.

Since they had a strong helper in the form of Saudi Arabia’s sovereign wealth fund, it was easy for them to soar even higher.

“If this continues, Tesla’s stock price will rise higher than that of Taewoo Motors.”

“The stock prices of Taewoo and Kai automobiles have also risen to the 300,000 won level. They are still more than three times the difference with Tesla.”

“Has it already surpassed the 300,000 won mark? It’s rising faster than I thought.”

“There has been a large influx of foreign investors. And capital from the Middle East is buying a lot of automobile stocks.”

Electric vehicle infrastructure construction had been completed in Saudi Arabia.

So, it was inevitable that the Middle East would be interested in electric vehicles, and the interest continued, leading to the purchase of Taewoo Motors stock.

“Now, if I stay still, it will rise on its own.”

“As sales volume is not decreasing, the stock price continues to rise. If the momentum continues, the stock price is expected to rise to 500,000 won by next year.”

“You followed Samjin Electronics until halfway.”

“After the financial crisis, Samjin Electronics’ stock price has been rising rapidly. Last year, the stock price was around 800,000 won, but this year it exceeded 1 million won.”

Taewoo Group was overwhelmingly ranked first in the group rankings.

However, when looking at a single company, Samjin Electronics took first place.

Taewoo Electronics, Taewoo Semiconductor, and Taewoo Motors were following behind.

“If we can dominate the electric vehicle market, it is not impossible to surpass Samjin Electronics.”

“The sales scale of automobile companies and electronics companies are very different. Wouldn’t it be faster to grow Taewoo Electronics and surpass Samjin Electronics?”

“Of course, Taewoo Electronics must also surpass Samjin Electronics. At least five affiliates will have higher stock prices than Samjin Electronics.”

Merging affiliates would have been possible right now.

However, it was meaningful to overcome Samjin Electronics without using such tricks, and to do so, we had to keep running without stopping.

“If the Chairman puts his mind to it, what can’t he do? I believe it will happen within a few years.”

“You can’t just believe. Taewoo Securities is one of them.”

“We are already holding a large-scale event to attract fund subscribers. We are also preparing events related to credit card companies.”

I could feel confidence in President Han’s expression.

This was possible because Taewoo Securities was already the No. 1 financial company in Korea.

Because Taewoo Securities was the only fund that did not suffer losses in the Lehman incident, customers were flocking to the fund.

“You’re doing well. But how are Captain Kang and the prosecution doing?”

“Are you talking about match-fixing? First, we began a thorough investigation, starting with the players of the Taewoo Electronics gaming team. Fortunately, it turned out that none of the Taewoo Electronics players were involved. We conducted a bank account investigation and a social media investigation, but we could not find any traces. ”

If it was fortunate, it was fortunate.

At least the Taewoo Electronics Gaming Team was not involved in any match-fixing, so they were able to keep their final honor.

“What about professional gamers from other gaming teams?”

“There are at least three active participants, and there are more than five professional gamers who are even slightly involved.”

“There are not as many people as I thought.”

“These are just the numbers from the first investigation. If we dig a little deeper, we may be able to find more people involved. And Team Leader Cheon is said to have offered to help.”

The person who loved games more than anyone else was Cheon Min-jeong.

In particular, she was the one who loved E-sports and watched it frame by frame.

“But how can you help? Are you saying you’re going to create an algorithm to find those involved in match-fixing?”

“I haven’t heard the details, but they say they can cull out matches suspected of match-fixing.”

“I guess I’ll have to hear the story for myself.”

“I came to the headquarters today to report directly to the chairman.”

“Please tell me to come in now.”

Cheon Min-jeong came inside with a gaunt face.

She looked even sadder because she was wearing clothes that resembled black mourning clothes that would be worn at a funeral.

“Team Leader Cheon, are you okay?”

“How could you do something like that? You would participate in match-fixing just to make a few million won. I can’t believe it. Didn’t you know that this was a betrayal of the fans who trusted and supported you?”

It was Cheon Min-jeong who spoke in tears.

His fists were clenched, as if he felt quite betrayed.

“We need to ensure that players who betray their fans are punished by the law. But how can we identify games where match-fixing has occurred? Do you use artificial intelligence?”

“There is a formula in the game as well. If the opponent uses build 1, you must use build 2 to defend, etc. If you are a professional gamer, you must memorize this formula. And our artificial intelligence has also learned all the builds. “It was easy to find a player’s performance that lowered his chances of winning.”

I was well aware of the capabilities of artificial intelligence.

But is it possible to analyze every game in less than a day?

“The number of games will be at least tens of thousands, but has artificial intelligence already analyzed them all?”

“I didn’t have time for that, so I only analyzed the odd matches I remembered and was able to find those with a high probability of match-fixing.”

“Did you remember all the games?”

“I remember not only official games, but also exhibition games and event games. It’s not that I have a good memory, but most fans remember everything.”

Cheon Min-jeong even played a related video.

Among them, there was a match where both players were offered match-fixing and tried to lose at all costs.

These were players who killed their own units and sometimes used unfavorable builds.

“If you submit the evidence, the prosecution will investigate and verify not only the player’s but also his family’s accounts. Now, don’t worry about this. It will only hurt your feelings more. Focus more on the League of Champions.”

“I will, but there is one last thing I would like to ask you.”

“Please tell me anything.”

Cheon Min-jeong’s faint voice.

I listened, ready to grant whatever she wanted.

“Can you open a way for players to work in related industries even after the Stark Pro scene ends? I want to show match-fixers that players who did not manipulate the game are doing well.”

“Of course it is possible. We will enable personal broadcasting on WeTube so that players can communicate with their fans, and we will also continuously open small-scale competitions so that players can participate. You can earn several times more than when you were a professional gamer. “I will create a path for you.”

“Thank you. I will leave for today.”

She was always pestering me to have an idea meeting.

But as if I didn’t want to think about anything else for today, I went outside with slumped shoulders.

“Team Leader Cheon has all the evidence, so now leave Captain Kang in charge of the second investigation and then hand over the data to the prosecution.”

“We will complete the entire investigation within this week at the latest.”

The players who participated in the match fixing were really stupid people.

If we waited just a little longer, the era of personal broadcasting would begin, and by that time, even unpopular players would be able to earn high profits.

I only need a few million won.

They lost billions of won that they could have earned in the future.

* * *

James Canos, the king of short selling.

Hedge funds that were also conducting short selling suddenly turned their backs.

Vice President William was worried about him not coming out of the representative office, so he forced open the door and went in.

However, Kanos was showing a completely different side from his thoughts.

I thought he would be immersed in sadness due to extreme betrayal, but Kanos was smiling.

“Representative, are you okay?”

“Why? Do you think I’m defeated too?”

“You’re not defeated, you’re just betrayed.”

“Just because you’ve been betrayed doesn’t mean you’ve lost. The battle isn’t over yet.”

William thought about Tesla’s stock price for a moment.

The stock price had nearly doubled compared to before short selling began.

Anyone could see that it was a battle in which the short sellers lost, but CEO Kanos did not acknowledge it.

“Do you have any tricks?”

“Madness is bound to burst eventually. The IT bubble did that, and the Lehman incident did that. Eventually, Tesla will do the same. I am sure there will come a time when not exactly Tesla, but the entire Taewoo Group, explodes like a bomb.”

“Do you think not only the electric vehicle market but the entire Taewoo Group is a bubble?”

“It’s a bubble. It may seem like we’ve lost now, but if we wait patiently, it’s a game we’ll win in the end.”

There was venom in Kanos’ eyes.

His hatred was directed not at Tesla or the Saudi sovereign wealth fund, but at Taewo Group.