Securities Team = Electric and electronic parts maker A, the stock price of company A surged threefold in the new year.
The company, a KOSDAQ listed company, has recorded an operating loss since 2017 due to the sluggish industry.
If you incur operating losses for 4 consecutive years, it is the reason for designating a management item in the KOSDAQ market.
Despite the absence of any special disclosures or known good news, the company recorded double intraday caps. Company A is currently designated as an investment warning stock.
KOSDAQ-listed company B, classified as a distribution business, recently posted an upper limit for unknown reasons. The day after the ceiling price continued to rise sharply.
On the bulletin board of the portal site, which used to be quiet, there were a lot of articles saying,’Why are you suddenly going to the upper limit?’
An official from Company B said, “We don’t know about the background of the stock price surge. There are no special issues.”
◇ The background of the abnormal surge is the reading room (?)… A’buy sign’ that suddenly fell
The general view of the stock market is that there is the involvement of the stock-leading room behind the soaring phenomenon of small and mid-cap stocks without a clear favorable outcome.
A reading room refers to a chat room or internet broadcasting where similar investment advisors recommend stock items through social network services (SNS) such as Kakao Talk and Telegram.
Some of the reading rooms provide relatively high-quality investment information instead of receiving a usage fee and help with stock trading, but there are many that are believed to be abused for the purpose of stock price manipulation.
The operator or’VIP customer’ recommends the stocks purchased in advance to the reading room, and then passes the stocks purchased first at a high price to earn unfair profits.
In fact, in the free public reading room where the reporter entered for the purpose of coverage, the stocks of A and B were picked up as recommended stocks when the stocks surged.
In one public reading room, the first sign to buy’A company’s stock at what price’ came out in late January.
As a result of taking a closer look at the stock price trend, the time when the reading room recommended buying was near the peak. It means that someone has made a preemptive sale before recommending the public room.
Looking at the trend of stock price and trading volume, someone who bought Company A’s stocks first by the time the purchase order was issued was already selling a large number of stocks.
When the transaction was not concluded at the recommended price, the stock price of Company A fell at a faster rate, and the reading room operator hurriedly lowered the recommended purchase price and presented it again.
When the stock price rebounded temporarily due to the purchase of participants in the open room who were not aware of the situation, the operator showed a shamefulness to upload a chart of the increase in the stock price of Company A on the chat room, which had been rising since the time of recommendation, saying that it is’profit verification’.
In the’certification shot’ recorded on a five-minute chart, the short moment when the stock price plunged due to someone’s bulk selling was not captured.
When the stock of Company B was also rising significantly, it was mentioned in a public reading room where a reporter was in. The time of recommendation to buy was also near the peak.
In an atmosphere of weakening investor sentiment due to the burden of rising US Treasury yields, the stock price continued to decline after recommendation to buy.
Investors who only believed in the reading room signal and bought Company B’s stock at a high price were only helping the preemptive forces escape. If they protested,’What should I do when they are falling,’ the article was deleted or forced to leave.
◇ VIP room subscription fee of millions of won per month… Even if you regret it, it’s hard to get a refund
The public reading room also plays a role in promoting the’VIP room’.
Most public reading rooms induce paid VIP room subscriptions in the name of’providing high-quality information to a small number of people’. The profit rate of the VIP room also uploads a verification shot.
Usage fees vary from hundreds of thousands of won per month to millions of won per month.
Those who have luckily benefited from public rooms expect that the margins of VIP rooms operated by a small number of people will be higher, and are often shifted to their paid rooms.
There are cases in which individual investors with a lot of investment experience properly manage risk and use the information of paid reading rooms for trading, but there are many cases where they are disappointed with the investment results and regret that they lost only a large subscription fee.
However, the testimony of most victims is that it is difficult to actually get a refund even if they try to get the subscription fee back late.
Some quasi-investment advisory firms openly entice them to participate in’work’ with a high probability of unfair behavior.
One public reading room, which gave the impression of being a’normal company’ by taking a relatively reasonable stock recommendation operation method, called when a reporter expressed interest in joining a small group, and said, “There is an opportunity to benefit greatly from undisclosed information. Can you burn it?” The reading room required a high subscription fee, so there was a limit to additional coverage.
◇ “It’s more risky to trust the operator with continued profits”
An official in the financial investment industry who had been in contact with the Reading Room for a long time warned, “If you believe that you belong to the upper part of the food chain by joining the VIP room, this is a naive thought.”
After trust is built up, there are not a few cases where a large bet is placed on a recommended stock and then a large amount of money is lost.
He pointed out, “It is more risky from the point when you trust the operator to make profits from recommended stocks.”
If you do something wrong, you may get caught up in a stock price manipulation criminal case.
The Financial Supervisory Service (FSS) knows that if a similar investment advisor recommends a stock item to members, the stock price rises due to the members’ purchase, and the act of buying the item to be recommended in advance and selling it when the price rises is defined as fraudulent fraudulent trading have.
Even if you simply follow the trading instructions of the reading room operator, there is a risk of being involved in a stock price manipulation criminal case.
Kim Eun-mi, a former researcher at the Korea Financial Investor Protection Foundation, said, “The reading room has been around for a long time, but with the development of mobile channels, accessibility improves and investors are more crowded.” .
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