하이닉스, 삼성전자…이대로는 안되겠습니다… — Transcript

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1. 0:04Right now, Samsung Electronics is the
2. 0:06largest holding.
3. 0:06>> You bought Samsung Electronics, right?
4. 0:08You didn't reduce your stake in Hynix? I
5. 0:09did
6. 0:09>> reduce Hynix. Where would I get the
7. 0:10money to buy that? I sold some other
8. 0:12stocks to increase my holdings
9. 0:12significantly. What is the
10. 0:13>> reason for increasing your Samsung
11. 0:14Electronics holdings?
12. 0:15>> At that time, Chairman Lee Jae-yong
13. 0:16personally purchased 1.2 trillion won
14. 0:18worth and received 2.6 trillion won as a
15. 0:19gift. So, that implies he intends to use
16. 0:21this for dividends or treasury stock.
17. 0:23The fact that someone who didn't buy
18. 0:24when the price was 50,000 suddenly
19. 0:26bought now suggests he intends to
20. 0:27convert the shares. Unless he has a
21. 0:29conviction that the stock price will
22. 0:30rise, I believe that even for a chaebol
23. 0:32, investing 4.5 trillion won implies he
24. 0:34has conviction. Dividends are going to
25. 0:36be paid at the end of December, aren't
26. 0:37they? You bought them in October and
27. 0:38November. Aren't you planning to receive
28. 0:41the dividend in December? I think they
29. 0:43will pay a large dividend on this. They
30. 0:45could, but...I also bought a lot of
31. 0:46Samsung Electronics preferred stock by
32. 0:48selling a lot of other stocks, and I
33. 0:49bought a bit more today. I also sold
34. 0:51Kolmar Korea to buy it. Because cosmetic
35. 0:53stocks didn't drop that much.
36. 0:55And remember when I had a portfolio in
37. 0:56Digi and Jedo? Back then, they went up
38. 0:58to the 150,000 won range, but Samyang
39. 1:00Foods didn't fall. So I sold Samyang
40. 1:02Foods and bought Samsung Electronics
41. 1:04preferred stock. You seem to
42. 1:05>> have some confidence now.
43. 1:06>> Yes, I do. If we just look at dividends
44. 1:09, preferred stock is cheaper than
45. 1:10Samsung Electronics common stock, so the
46. 1:12return is better. So, trusting that they
47. 1:13will pay high dividends, I am continuing
48. 1:15to accumulate Samsung Electronics
49. 1:16preferred stock. But SK Hynix did say
50. 1:17they would do a lot of share conversions
51. 1:18this time.
52. 1:19I sold some of SK Hynix back then
53. 1:21because it was plummeting due to the
54. 1:22Solidigm issue, but in the end, I
55. 1:23invested in Samsung Electronics and felt
56. 1:25like I sold it for nothing.
57. 1:27On top of that, they unexpectedly paid a
58. 1:29special dividend with the money from
59. 1:30selling Kioxia. So, realizing that SK
60. 1:32Hynix does a lot of share conversions, I
61. 1:34do have some regrets that I should have
62. 1:36just held it 50/50. What is the
63. 1:37>> ratio now? Is it
64. 1:39>> 3.5 to 6.5? Something like that? First
65. 1:41off, since Samsung Electronics won't be
66. 1:43taking any action until the end of
67. 1:44January, and November 12th is the record
68. 1:46date for gift tax, keeping the stock
69. 1:47price steady until January 11th allows
70. 1:49you to pay less gift tax. They say that
71. 1:50for every won lost on Samsung
72. 1:51Electronics stock alone, you pay about
73. 1:5365 billion won less in gift tax.
74. 1:54Since you are earning 65 billion won for
75. 1:56every 10,000 won drop, they probably
76. 1:58won't bother making an announcement
77. 1:59before January 10th.
78. 2:00>> Combining these two, it accounts for
79. 2:02about 50%of the total,
80. 2:03>> right? I think it's a little over 50%
81. 2:05now. That's because they sold other
82. 2:07things to buy it. As for the
83. 2:08>> third one,
84. 2:10>> Olix has a large weighting, but oh, I've
85. 2:12reduced it significantly. Since it was
86. 2:14originally such a large amount, the
87. 2:15weighting is still high, but I've cut it
88. 2:17down a lot.
89. 2:18>> How is it these days? It's
90. 2:19>> not good.
91. 2:21Olix is still in the positive, though.
92. 2:22Because I bought it so cheaply, it's
93. 2:24still 30%, or about 5%, positive, but
94. 2:25I've cut it down a lot. I sold about a
95. 2:27third of my holdings. As for Olix,
96. 2:28people keep saying a liquidation is
97. 2:29coming, but it hasn't happened. As for
98. 2:31the biotech sector, honestly, given the
99. 2:32current high interest rates, I don't
100. 2:33think rates will drop anytime soon, so I
101. 2:35did cut back a bit. It wasn't just Olix
102. 2:37; I also reduced my holdings in HLB
103. 2:39Innovation and ST Pharm.
104. 2:40>> Hmm,
105. 2:41>> next is LS
106. 2:42>> Electric. Yes, I
107. 2:44>> sold some LS Electric when it was
108. 2:47200,000 won. I think I sold about a
109. 2:49third of it. Actually, I also bought GS
110. 2:51Andy; I bought GS Andy at an average
111. 2:53price of 10,000 won. But now it's 6,560
112. 2:55won, so I regret it.
113. 2:59It hurts my heart.
114. 3:01It's tough.
115. 3:01>> Did you sell LS Electric for a specific
116. 3:03reason? No, not really. I was just
117. 3:04planning to
118. 3:04>> buy GS Andy. But it was getting really
119. 3:06expensive now. It had also started to
120. 3:07decline.
121. 3:09Of course, it would have been great to
122. 3:10sell at 370,000 won, but I cut back a
123. 3:12bit at 200,000 won. Ah, it's a bit of a
124. 3:13shame.
125. 3:15Well, since power is still a bottleneck
126. 3:16, things are expected to continue going
127. 3:18well, so I wasn't planning to sell
128. 3:19everything. That is why ES Andy looked
129. 3:21like a better option.
130. 3:22Personally, I sold ES Andy because it
131. 3:24had risen a lot, and I switched because
132. 3:25I thought it would make a lot of money
133. 3:27next year and the year after.
134. 3:30Since they are pretty much the same
135. 3:31anyway—and they will fall regardless of
136. 3:34where you invest—I made the move with
137. 3:36the expectation that ES Andy would rise
138. 3:38more when the market rebounds.
139. 3:40However, it is a bit disappointing that
140. 3:42ES Andy didn't announce a paid-in
141. 3:43capital increase, but I'll talk about
142. 3:45that later. Next is Samyang, right? I
143. 3:48sold Samyang Foods and bought about 3
144. 3:49trillion won worth of shares, but I
145. 3:51still have quite a bit left. So, I
146. 3:53reduced my overall holdings quite a bit
147. 3:54.
148. 3:55I sold about half of them, but I still
149. 3:56have this much.
150. 3:58Next is OCI Holdings, and I actually
151. 3:59bought quite a lot of OCI Holdings
152. 4:01recently as well.
153. 4:02I bought a lot in the 180,000 to 190,000
154. 4:04won range because I thought that solar
155. 4:06and wind power would improve once the
156. 4:08Democratic Party takes office. Actually
157. 4:10, solar power has been continuously
158. 4:11growing even while Trump is in office.
159. 4:14So, looking at Osi Holdings, they turned
160. 4:15a profit this year—although the third
161. 4:17quarter fell a bit short of expectations
162. 4:19—but I expect them to improve next year
163. 4:20.
164. 4:21Since the power supply is currently a
165. 4:22bottleneck, they will inevitably have to
166. 4:24use more solar power. Furthermore,
167. 4:25contrary to expectations, Elon Musk is
168. 4:27using Osi Holdings 'polysilicon for
169. 4:29SpaceX, so even though I sold Osi
170. 4:31Holdings at 200,000 won a while ago, I
171. 4:33bought it back this time. Yes. So, my
172. 4:35weighting has increased quite a bit.
173. 4:36Next is Neopharm. Neopharm is holding up
174. 4:38really well this time. It isn't falling
175. 4:40in this market downturn.
176. 4:42I still view Neopharm favorably, and
177. 4:44since their revenue and profits continue
178. 4:46to increase, the next is ES&N.
179. 4:47>> Oh, it has climbed up to 6th place.
180. 4:48>> Yes. Because I kept buying. It would
181. 4:51have been higher if it hadn't dropped,
182. 4:52but it's down 27%.
183. 4:54Anyway, it's too cheap right now. That's
184. 4:55because it has about 250 billion won in
185. 4:57net cash, after deducting all debt.
186. 4:59>> Yes.
187. 5:00>> And 126 billion won from the sale of the
188. 5:02Seocho-dong site is coming in during the
189. 5:03fourth quarter. That brings the total to
190. 5:05around 370 billion won, but the current
191. 5:06market capitalization is less than 300
192. 5:07billion won.
193. 5:08>> Uh. Since it's
194. 5:09>> cheaper than its net cash, isn't it
195. 5:10actually too cheap?
196. 5:12Furthermore, revenue and operating
197. 5:13profit are expected to increase next
198. 5:14year and the year after, but solar power
199. 5:16is a contract-based industry. However,
200. 5:18they achieved all their order targets
201. 5:19for this year. They hadn't even reached
202. 5:21that target when I was filming this
203. 5:22video, but the order backlog was
204. 5:23released during the third-quarter
205. 5:24earnings announcement, and they had
206. 5:25achieved it all.
207. 5:27So, the margin is the issue now, though
208. 5:29. However, since the margins in the
209. 5:30third quarter were a bit weak, there is
210. 5:32a risk that the margins they mentioned
211. 5:33might not materialize. But assuming they
212. 5:35do meet those targets, it is a given
213. 5:36that profits will increase next year and
214. 5:38the year after, given their order
215. 5:39backlog. So, regarding ES Andy, it is
216. 5:42currently valued lower than its net cash
217. 5:44.
218. 5:45Ah, so I keep buying it and getting
219. 5:47stuck. It keeps dropping while I'm
220. 5:49averaging down, so ah, it's so sad. Next
221. 5:51is Graphy.
222. 5:53I broke even with Graphy back then at
223. 5:5455,000 won, sold in the 40,000 won range
224. 5:56, and bought it back at 20,000 won.
225. 5:58So my average purchase price is now
226. 5:5918,000 won. Since it is currently 10,000
227. 6:01won, the profit is -40%. But since I had
228. 6:03already broken even and plan to withdraw
229. 6:06everything, I am actually in profit.
230. 6:08However, I lost all the profits from
231. 6:10when it went up sixfold in the past, so
232. 6:12I only have about the amount I bought.
233. 6:14I've made a 100%profit on it. There's
234. 6:15>> still no news about this one, right?
235. 6:17It's
236. 6:17>> getting a bit boring.
237. 6:19I see it as good in the long term, and
238. 6:20since I've already recouped my initial
239. 6:22investment anyway, I'm thinking of just
240. 6:23trusting it and going with it.
241. 6:25Also, I heard the news that a company
242. 6:26called Ray acquired it and took over
243. 6:27management rights, so they are
244. 6:29collaborating with Ray, and sales are
245. 6:30indeed increasing. Although large-scale
246. 6:31contracts aren't coming in, sales from
247. 6:33small hospitals are continuously growing
248. 6:34. Since it's a consumer product, I
249. 6:36expect it to keep growing, so for now,
250. 6:38looking at it long-term, it doesn't seem
251. 6:39bad.
252. 6:40>> Next,
253. 6:41>> then Hanyang ENG. But Hanyang ENG is
254. 6:43currently in the red. The average
255. 6:44purchase price is 30,000 won, so it's
256. 6:45about a 1%loss.
257. 6:46>> This one has risen quite a bit, too. In
258. 6:48terms of ranking,
259. 6:49>> I haven't sold a single Hanyang ENG
260. 6:50stock. I sold all of Hankook Comma and
261. 6:52Hankook Hilo. So, the ranking has gone
262. 6:54up because they are gone. As for
263. 6:55>> NH, I
264. 6:57>> sold some of that as well. Ah, NH also
265. 6:58went up about 100%back then, but I think
266. 7:00I sold it at around 60,000 won. Anyway,
267. 7:02I believe Hanyang E&G is going to make a
268. 7:04lot of money anyway. I’m holding onto it
269. 7:06because I live on the second floor while
270. 7:07the factory is being built, but the
271. 7:08stock price just isn't going up.
272. 7:10Next is KNJ. KNJ also seemed too cheap;
273. 7:12its market cap is 190 billion won, but
274. 7:13its operating profit this year is around
275. 7:1530 billion won, so the P/E ratio is
276. 7:16about 6. It seems too cheap for a
277. 7:17company in the materials, parts, and
278. 7:19equipment sector. I heard that China
279. 7:20keeps asking for supplies, but they
280. 7:22can't fulfill them because they are
281. 7:23already short on meeting the demand from
282. 7:24Hynix and Samsung.
283. 7:26So, the industry conditions seem really
284. 7:27good, so I couldn't sell it. But now, it
285. 7:29went from around 40,000 to 5,000-7,000
286. 7:31won and then dropped to 26,000 won, so
287. 7:33it’s a bit of a shame, but anyway, it
288. 7:35does SIC. It does the exact same thing
289. 7:37as TCK, and even though they keep
290. 7:38expanding every year, the capacity
291. 7:39utilization rate is just 100%. Revenue
292. 7:41keeps increasing, but the stock price
293. 7:42just isn't going up.
294. 7:44Next is NHN. NHN also went up to 78,000
295. 7:46won, and its net profit margin exceeded
296. 7:49100%, but it has now dropped to 36%.
297. 7:51It is a shame. So, I did sell some of it
298. 7:53when it was around 60,000 won. I bought
299. 7:55something else, but since I sold that as
300. 7:57well, I am currently profiting.
301. 7:59Then there is Voronoi. Its clinical
302. 8:01trial results have been coming out well
303. 8:03, and since it is a live clinical trial
304. 8:05—typically, for anticancer drugs, trials
305. 8:07are conducted after trying many other
306. 8:08drugs, so the results are often poor.
307. 8:10Voronoi was actually targeting those
308. 8:12types of patients, but the results were
309. 8:13good this time, so it is currently being
310. 8:14conducted in several countries worldwide
311. 8:16. Also, patients with lung cancer and
312. 8:18brain metastases usually don't show a
313. 8:19response. However, since this one is
314. 8:21showing a response even in patients with
315. 8:22brain metastases, I invested based on
316. 8:24those clinical results. I previously
317. 8:25bought it at 50,000 won and sold it all
318. 8:27at 110,000 won.
319. 8:28But then, the data kept coming out well
320. 8:31. So I bought it again at 220,000 won.
321. 8:33It went up to 350,000 won again. So I
322. 8:35thought I made the right decision. But
323. 8:37then it dropped back down to 101,600 won
324. 8:38, so it was cut in half again. Next is
325. 8:40Korean Air. As I mentioned back then, I
326. 8:42thought it would improve if oil prices
327. 8:44fell and the exchange rate strengthened
328. 8:46, so I was saying it was good starting
329. 8:48from 24,000 won, but then it went down
330. 8:49to 30,000 won. I bought a little when it
331. 8:51was 30,000 won. I bought a little, but a
332. 8:53few days before that, it dropped 10%in a
333. 8:54single day. It was the day of the
334. 8:56earnings announcement.
335. 8:57From my perspective, the results weren't
336. 8:59that bad, but it fell because it didn't
337. 9:00meet market expectations. It dropped 10
338. 9:03%. So I bought a bit more then. I
339. 9:04averaged down. Still, I am currently in
340. 9:06profit. But I think it will get better.
341. 9:08Because oil prices are falling, and
342. 9:10although this might just be a passing
343. 9:11phase this time, there does feel like
344. 9:13there is some progress in negotiations
345. 9:14between Iran and the US.
346. 9:16So, I hope the negotiations go well, oil
347. 9:18prices and interest rates drop, and the
348. 9:19profit market improves; if that happens
349. 9:21, Korean Air would be the best choice.
350. 9:23Next is S. I’ve held onto S for a while
351. 9:26and just haven't sold it; I’m holding
352. 9:28onto it. It went over 300,000 won...
353. 9:30wait, wait. It went to 600,000 won.
354. 9:34Ah, I missed selling it in the 600,000
355. 9:36won range. It’s 200,000 won now. I
356. 9:38bought S at 60,000 won. It went up to
357. 9:41100,000 won, but wow,
358. 9:42>> 1,000%!
359. 9:43>> Why didn't I sell at 600,000 won?
360. 9:46Wow, 600,000 won is way too expensive. I
361. 9:47should have sold it at 600,000 won.
362. 9:50I have nothing to say but how
363. 9:51regrettable it is.
364. 9:52Next is BHI. I bought some when I was
365. 9:54looking at it very favorably, but now
366. 9:56the losses are huge. It’s down 40%.
367. 10:00S's earnings are coming out well, but
368. 10:02because the KHNP deal dropped a bit this
369. 10:04time, all the stocks fell along with it
370. 10:05last week, and Doosan Energy dropped
371. 10:07even more. However, BHI was originally
372. 10:09expensive. It was at 20%P/E when I
373. 10:10bought it. No matter how good the
374. 10:11outlook is, I think it's right not to
375. 10:13buy things that are too expensive. But
376. 10:14honestly, I got a bit overconfident just
377. 10:15because I made some money.
378. 10:17Next is SL; I bought it at 55,000 won
379. 10:19thinking it was cheap, but since it's
380. 10:21now 47,000 won, it's a bit disappointing
381. 10:23.
382. 10:24Anyway, SL's lamp division is doing
383. 10:26exceptionally well, and yes, it is
384. 10:27automotive lamps. Originally, Hyundai
385. 10:29Mobis and this company handled all of
386. 10:30Hyundai Motor's business. However,
387. 10:32Hyundai Motor accounts for about 40%of
388. 10:34its revenue, while 60%comes from other
389. 10:36companies. That shows how much
390. 10:37technological capability and quality
391. 10:38this company possesses. So, it is a
392. 10:39company with good performance and
393. 10:40profits that are always trending upward
394. 10:41. Actually, I bought it recently because
395. 10:42back when Hyundai Motor's robotics
396. 10:44stocks were booming, they were set to
397. 10:45handle the undercarriage drive systems
398. 10:46for the robots. However, as Hyundai
399. 10:48Motor's robotics stocks fell, all the
400. 10:50gains from back then dropped as well.
401. 10:51Since automotive stocks in general have
402. 10:53been performing poorly lately, it seems
403. 10:54to be doing badly along with them. But
404. 10:55since its performance is good, I am just
405. 10:56holding onto it, thinking that it will
406. 10:58improve someday.
407. 10:59Next is STI. I have mentioned STI a few
408. 11:01times, but I believe it will improve
409. 11:03along with construction stocks. I heard
410. 11:04that when they build the loan center, a
411. 11:06lot of HBM is being used because the
412. 11:07center is so large. So, regarding STI's
413. 11:09performance, I expect it to improve
414. 11:10starting next year or the year after,
415. 11:11because the loan center will be fully
416. 11:12utilized starting next year. I think STI
417. 11:14will improve next year or the year after
418. 11:15. So, I am just holding onto this one,
419. 11:16even though it is currently in the red.
420. 11:18There are almost no gains right now.
421. 11:21So, only the stocks that were positive
422. 11:22in the past are still positive, and
423. 11:23there are no gains among the ones bought
424. 11:24recently.
425. 11:25The market is bad. Honestly, everything
426. 11:27has been destroyed right now. I’m barely
427. 11:29making ends meet with what I earned a
428. 11:30long time ago; everything I’ve bought
429. 11:31recently is in the red. I recently
430. 11:32bought some Sebang Battery as well; I
431. 11:34bought it for 65,000 won back then,
432. 11:36saying that secondary batteries and ESS
433. 11:37were improving, but now it’s at 52,000
434. 11:39won, so it’s a loss. Next is HLB
435. 11:41Innovation, a company doing CAR-T
436. 11:43therapy for solid tumors. It was trading
437. 11:45at around 3,000 to 16,500 or 4,800 won,
438. 11:46so it had already dropped more than half
439. 11:48its value before coming back up to my
440. 11:49current price. I thanked them and cut my
441. 11:51position in half, but it has dropped a
442. 11:52bit recently. However, it seems like the
443. 11:54clinical trial results for their solid
444. 11:55tumor CAR-T therapy will be coming out
445. 11:56soon. They look like they will be out
446. 11:57around November or December, and if the
447. 11:58results are good, the price could go up
448. 11:59, so I can't sell everything and I have
449. 12:00some lingering attachment. Yes. Then
450. 12:02there’s ST Pharm. I’ve heard a lot about
451. 12:04ST Pharm as well.
452. 12:06Personally, I believe that ST Pharm is
453. 12:08the only relevant stock in Korea when
454. 12:09Moderna is conducting clinical trials
455. 12:11with Cho Ruda.
456. 12:12Back then, the stock hit 3, and I was
457. 12:14given a selling opportunity, but I'm not
458. 12:15good at selling at that time.
459. 12:17Selling is an art.
460. 12:19You can buy stocks if you study, but
461. 12:21buying timing is an art.
462. 12:22That is because it isn't judged solely
463. 12:24on valuation; supply and demand are also
464. 12:26involved. I was given many selling
465. 12:27opportunities but couldn't sell, and now
466. 12:29I'm in the red. As for ST Pharm, it has
467. 12:31dropped even further recently due to
468. 12:32poor Q3 earnings. It went up to 70,000
469. 12:34won, so if it's at 70,000 won now, it
470. 12:35has been cut in half.
471. 12:37I think it is a good company. It is a
472. 12:38good company, and it is true that they
473. 12:40will benefit as more Arne treatments are
474. 12:41released; their revenue and profits had
475. 12:43been continuously increasing. However,
476. 12:45their Q3 earnings were suddenly a bit
477. 12:46poor, and the fourth quarter is usually
478. 12:47their peak season. However, since the
479. 12:49third quarter of last year performed
480. 12:50well, I suspect it might be due to a
481. 12:51base effect. Personally, I think
482. 12:53earnings will recover in the fourth
483. 12:54quarter. Next is Asia Paper.
484. 12:59This is a company I bought a little of
485. 13:00in the first half of this year after
486. 13:01hearing about it from a study fund, and
487. 13:03I think their earnings will be very good
488. 13:04this year as well.
489. 13:06The problem was that the factory broke
490. 13:07down once, a worker passed away, and the
491. 13:09plant had to shut down, so
492. 13:10second-quarter results were a bit poor.
493. 13:13However, I expect earnings to recover
494. 13:14starting from the third quarter. So, if
495. 13:15performance is good, I think I might go
496. 13:17back in.
497. 13:17>> What kind of company is this? It is a
498. 13:18>> manufacturing company.
499. 13:19>> Corrugated cardboard.
500. 13:20>> Yes. Regarding the stocks I bought in
501. 13:21the first half, I believed the Korean
502. 13:23economy would improve significantly.
503. 13:24Because we would make a lot of money. If
504. 13:26it improves, naturally people will buy
505. 13:28more goods, order more packages, and use
506. 13:29a lot of corrugated cardboard, you know
507. 13:31. Next, China used to export a lot of
508. 13:32waste paper to Japan, but as relations
509. 13:34between the two countries deteriorated,
510. 13:36China could no longer export to Japan.
511. 13:38Consequently, a large supply of cheap
512. 13:39waste paper entered the Korean market,
513. 13:41lowering production costs and boosting
514. 13:43sales, which ignited a fierce
515. 13:45competition. Also, while corrugated
516. 13:47cardboard prices cannot be raised
517. 13:48arbitrarily, they raised them this time
518. 13:50. Simply raising prices translates
519. 13:51directly into profit. They also promised
520. 13:53significant shareholder returns. However
521. 13:54, they are not there when needed. The
522. 13:55yield is only 3%, and there were
523. 13:56investment ideas suggesting the stock
524. 13:58price could rise, but it hasn't
525. 13:59materialized so far. So, it is still in
526. 14:01the red.
527. 14:02Then there is G2G Bio. G2G Bio has been
528. 14:05cut in half, but I believe Samsung
529. 14:06BioLogics has acknowledged its
530. 14:08technological prowess, and they recently
531. 14:10secured a license in China. I am holding
532. 14:13onto it, expecting more licensing deals
533. 14:14to emerge, but since I bought it for 1
534. 14:16won and it has now been cut in half, I
535. 14:17am just waiting to see when it will go
536. 14:19up. Next is Solbrain Holdings.
537. 14:21I invested in this company because I
538. 14:23thought the ESS sector would improve; if
539. 14:25Samsung SDI performs well, this company
540. 14:26tends to improve as well.
541. 14:30This is because Samsung SDI is a
542. 14:31supplier of electrolytes, so they built
543. 14:31a massive number of factories in the
544. 14:32U.S. Samsung SDI's earnings recently
545. 14:33came out very well, likely due to the
546. 14:34ESS sector.
547. 14:36Therefore, I expect Solbrain's
548. 14:37performance to improve as well, so even
549. 14:38though it is currently in the red, I am
550. 14:40waiting. However, regarding secondary
551. 14:41batteries, I bought a lot back then and
552. 14:42they rose significantly, but they have
553. 14:43dropped sharply again in June and July.
554. 14:45I only bought a small amount based on
555. 14:47what I heard in a study group. Next, we
556. 14:49previously gave a presentation on Sionic
557. 14:51Systems, but since that company was also
558. 14:53in the red, I reduced my holdings and
559. 14:55sold a small amount. Orders aren't
560. 14:56surging like they used to. However,
561. 14:58since the stability sector is performing
562. 15:00well and they are continuing to supply
563. 15:01to China, the current price isn't in a
564. 15:03huge negative range, so I plan to sell
565. 15:04once it returns to break-even.
566. 15:06Next is a company called AstraCys.
567. 15:08AstraCys uses "Full Sonic," which is a
568. 15:11copycat of Ulthera. Actually, I’ve tried
569. 15:13it myself at a dermatology clinic.
570. 15:15So, I thought it was worth trying. I
571. 15:16figured it would be okay, so I bought it
572. 15:17, but the price has been cut in half.
573. 15:21Ah, I think it works well. After using
574. 15:23it, people tell me I look younger, so it
575. 15:24seems to be effective, but their sales
576. 15:26performance has taken a hit. They need
577. 15:28to get FDA approval and enter the US
578. 15:30market, but that keeps getting delayed,
579. 15:31so I’m holding onto it hoping things
580. 15:33will get better. Next is J-Cys Medical,
581. 15:35which I mentioned earlier. Uh, it
582. 15:37dropped a bit; I bought it in the 12,000
583. 15:38won range, and it’s now in the 11,000
584. 15:40won range, so its performance this time
585. 15:41was really good. Even though the results
586. 15:42were good, well, since the market is bad
587. 15:43, it can't go up, I guess. Next is PSK.
588. 15:46I sold quite a bit of it when it was
589. 15:48around 200,000 won. It seemed to have
590. 15:50risen significantly back in July when
591. 15:52stock prices were plummeting, so I sold
592. 15:54it then to buy other things. Now, I've
593. 15:55sold half and am just holding onto the
594. 15:57remaining half. Actually, I do think
595. 15:58PSK's earnings will continue to improve
596. 16:00. It is a bit expensive, though. Then
597. 16:02there is FN Guide.
598. 16:04I originally had a high weighting in FN
599. 16:06Guide, but I sold a lot of it back in
600. 16:08July when the price dropped and it
601. 16:10returned to break-even.
602. 16:11I sold a lot because I was thinking that
603. 16:13Samsung Electronics or SK Hynix would be
604. 16:14better off investing in them. Since FN
605. 16:16Guide tracks the index, and Samsung
606. 16:17Electronics and SK Hynix are linked to
607. 16:19the index anyway, I thought it would be
608. 16:20better to invest in Samsung Electronics
609. 16:22and SK Hynix, which FN Guide does more
610. 16:23with its shareholders. So, I bought
611. 16:25Samsung Electronics preferred stock back
612. 16:26then.
613. 16:28There really aren't
614. 16:29>> any good stocks.
615. 16:30That's true.
616. 16:31>> But if you look at it, there are a lot
617. 16:33of blues during a bear market, and most
618. 16:34of them are red during a bull market.
619. 16:36Just about five months ago, everything
620. 16:38was in the red, but bear markets are
621. 16:40difficult, tedious, and exhausting.
622. 16:42I am having a really hard time right now
623. 16:43; I’ve blown away all the profits I made
624. 16:45this year. I earned so much, but
625. 16:46squandering it all and now being in the
626. 16:48red makes me realize I was overconfident
627. 16:50, thinking it was all due to my own
628. 16:52skills. Still, while bear markets are
629. 16:54tough and tedious, they usually last
630. 16:55about six months. So, looking at the
631. 16:57market since July, I think it might be
632. 16:59difficult to make it through the rest of
633. 17:00the year. If I get lucky, a rebound
634. 17:02might come around December. If I get
635. 17:04lucky. How can you time it right? You
636. 17:05just have to hang in there and see.
637. 17:07If I don't die and just hold on, I'll
638. 17:09make money again in the next bull market
639. 17:11, so even though it's a bad time right
640. 17:13now, I am waiting for a good time to
641. 17:14come.