kathaksung
Under Surveillance
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- Nov 6, 2005
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402. Bank robbery in San Francisco (1) (4/25/06)
In 1998, there was a financial crisis in South-East Asia. After the currency collapsed in Thailand and Indonesia, the I.S. (International Speculator) turned to Hongkong.
In August 1998, there was a stock market battle between Hongkong government and I.S..
In option market, I.S. bought low future index of stock. Hongkong government tried to raise the stock market index. To sell down the index, the I.S. even borrowed the stock from other firms and rich celebrities for selling off. Hongkong government bought these stock in with its foreign currency reserve. At last, Hongkong government won. The Hansen index (stock index) stayed at 8000 level. A hedge fund company suffered a huge loss and would go bankruptcy.
I was interested at the news that I.S. borrowed the stock from the other people to sell down the market. These stocks now were in the hand of Hongkong government. (11% of the blue chips) The gvoernment said it would keep these stocks as reserve. So how could I.S. return the stock they owed to other firms? It had to buy back the stocks from the market. On the other hand, I.S. must earn enough money back to save its company from bankruptcy. If it couldn't sell down the market, the other way it could do was to buy it up. So I speculate there would be a bull market. Hongkong stock market generally follows the Wall street. So a booming Hongkong market meant there must be a booming US market first.
I have never traded US stock before August 1998. With above confidence, I bought 100 shares of Boeing and 100 shares of City bank in September. I bought them not based on economy or any other technique factor but on opinion that the stock market was manipulated by financial group. And the financial group was manipulated by intelligence. This was a rare time that they had to push up the market to save their firm.
The later development proved my opinion was very correct. From the end of 1998 to 2000, there was a booming stock market. Both Dow Jones and Nasdaq reached their historical high. It was so high that its collapse became a milestone. That was the break up of the dot.com bubble in 2000.
Though I correctly foresaw the booming stock market of 1999, it also brought disaster for me. The intelligence views the stock market as its cash register. They don't allow a target to make profit from it.
After I bought the stock in September, the persecution went crazy. In the end of that year, for a lot of time I had to leave my home to sleep at my parents' house in San Francisco.
In 1998, there was a financial crisis in South-East Asia. After the currency collapsed in Thailand and Indonesia, the I.S. (International Speculator) turned to Hongkong.
In August 1998, there was a stock market battle between Hongkong government and I.S..
In option market, I.S. bought low future index of stock. Hongkong government tried to raise the stock market index. To sell down the index, the I.S. even borrowed the stock from other firms and rich celebrities for selling off. Hongkong government bought these stock in with its foreign currency reserve. At last, Hongkong government won. The Hansen index (stock index) stayed at 8000 level. A hedge fund company suffered a huge loss and would go bankruptcy.
I was interested at the news that I.S. borrowed the stock from the other people to sell down the market. These stocks now were in the hand of Hongkong government. (11% of the blue chips) The gvoernment said it would keep these stocks as reserve. So how could I.S. return the stock they owed to other firms? It had to buy back the stocks from the market. On the other hand, I.S. must earn enough money back to save its company from bankruptcy. If it couldn't sell down the market, the other way it could do was to buy it up. So I speculate there would be a bull market. Hongkong stock market generally follows the Wall street. So a booming Hongkong market meant there must be a booming US market first.
I have never traded US stock before August 1998. With above confidence, I bought 100 shares of Boeing and 100 shares of City bank in September. I bought them not based on economy or any other technique factor but on opinion that the stock market was manipulated by financial group. And the financial group was manipulated by intelligence. This was a rare time that they had to push up the market to save their firm.
The later development proved my opinion was very correct. From the end of 1998 to 2000, there was a booming stock market. Both Dow Jones and Nasdaq reached their historical high. It was so high that its collapse became a milestone. That was the break up of the dot.com bubble in 2000.
Though I correctly foresaw the booming stock market of 1999, it also brought disaster for me. The intelligence views the stock market as its cash register. They don't allow a target to make profit from it.
After I bought the stock in September, the persecution went crazy. In the end of that year, for a lot of time I had to leave my home to sleep at my parents' house in San Francisco.
