Mr. Johnny
Why Mr. Johnny Keeps Shorting the SET—And Why He’s Probably Right
Every morning, Mr. Johnny wakes up, checks the Thai stock market, and does what any rational investor would do—short the hell out of it. The Stock TheftXchange of Thailand (STXT), despite the endless hopium from retail traders, is a slow-motion train wreck of outdated industries, economic stagnation, and global irrelevance. And yet, Thai investors keep buying the dip, as if the fundamentals are getting any better.
So why is Mr. Johnny still here, shorting Thailand’s stock market? Because he has done the macroeconomic homework, and the numbers paint an ugly picture.
1. Outdated Industries: Thailand is Stuck in the Past
Thailand's economy is still heavily reliant on sectors that peaked decades ago.
- Manufacturing? Forget about it. China, Vietnam, and even Indonesia are eating Thailand’s lunch.
- Agriculture? Farmer debts are skyrocketing, and the fields are burning so badly that Bangkok looks like Silent Hill every March.
- Automotive? Thailand still wants to be the “Detroit of Asia”, but EVs are coming—and China owns that market.
Meanwhile, investors still have hope in these dinosaur industries. Mr. Johnny sees this and shorts accordingly.
2. Real Estate: Overpriced and Unaffordable
The Thai real estate sector is basically a Ponzi scheme propped up by boomers who refuse to sell under 10 million baht.
- Young Thais can’t afford homes.
- Interest rates are rising, killing mortgage affordability.
- Condo projects are rotting with empty units, waiting for a foreign buyer that never comes.
In China, overbuilding killed real estate confidence. In Thailand, high prices and bad credit are doing the job. Mr. Johnny? He’s already shorting the banks holding these bad mortgages.
3. Banking: Going Digital = Fewer Profits
Thai banks are slowly getting disrupted by digital payment systems like PromptPay and QR banking.
- People don’t need physical bank branches anymore.
- Remittance businesses are dying because crypto and fintech make money transfers cheaper.
- SME loans? Good luck. The economy is too weak to sustain new businesses.
And yet, retail investors still load up on bank stocks, hoping for dividends. Johnny shorts.
4. Tourism: Too Much Dependence on China
Thailand’s economic backbone is tourism, but the government has one strategy:
"Wait for the Chinese tourists to come back."
- China’s economy is struggling. Tourists are not coming back at the same levels.
- Other countries are building better tourism infrastructure.
- Overreliance on tourism makes Thailand vulnerable to global recessions.
Mr. Johnny sees the long-term flaws and places his bets accordingly.
5. Pollution & Infrastructure: Bangkok is a Mess
- Traffic congestion? Still terrible.
- Air pollution? Worse every year.
- Public transport? Expensive and still unfinished.
Despite all this, people still invest in Thailand’s future. Mr. Johnny laughs, sips his coffee, and presses "short."
The Final Nail: The Illusion of Hope in the SET
Despite all these structural problems, Thai investors remain delusional.
- They keep buying the dip, thinking the market will recover.
- They believe that SET 1,800 is possible, when even 1,500 is struggling.
- They still believe in the Thai economic miracle that ended in the 1990s.
But Johnny knows better. He knows that as long as Thai retail traders hold onto hope, he can short every single rally.
And that’s why he’s still here. Because someone has to take their money.
Daily Life of Mr. Johnny
"Mr. Johnny’s Excellent Shorting Adventure in the STXT Casino"
Ah, Mr. Johnny. The beloved farang fund manager, the grandmaster of shorting the SET, and the reason Thai retail investors wake up in cold sweats. While the average Thai investor (เม่าไทย) still clings to the hopium that the Stock TheftXchange of Thailand (STXT) is a "wealth-building tool," Mr. Johnny is busy doing what he does best—selling first, asking questions never.
☕ 9:00 AM - Morning Coffee & Pre-Market Rituals
Mr. Johnny starts his day with a cup of imported coffee because Thai coffee is for the locals still waiting for SET to hit 2,000 again. He casually scrolls through the latest economic despair reports—GDP stagnation, political instability, and Thai retail investors still averaging down.
"Perfect," he mutters to himself, already placing his first batch of short orders.
📉 10:00 AM - Short, Short, and Short Again
Like a well-rehearsed symphony, Mr. Johnny dumps billions into the market like it's a Bangkok condo project in 2023.
- Thai institutions try to hold the line
- Retail investors buy the dip
- Mr. Johnny laughs and sells more
A few phone calls to his friends at Hedge Fund Mafia Inc., and suddenly the SET index is dropping faster than a Bangkok nightclub DJ switching from EDM to Luk Thung.
"เม่าไทยมันสู้มือดีจริงๆ" he smirks, watching as the dip-buyers get liquidated.
🍜 12:00 PM - Lunch Break & Counting Profits
Time for a quick lunch—nothing fancy, just some Wagyu steak at a five-star hotel. After all, his shorts are up 3% already.
Meanwhile, เม่าไทย are sitting at the local food court, eating 40-baht noodles and staring at their portfolios, wondering why every dip turns into a crater.
📊 2:30 PM - The "Short Cover & Disappear" Strategy
By mid-afternoon, the market has bled enough. Mr. Johnny knows this game well—time to cover his shorts, cash in his winnings, and disappear like a Bangkok crypto exchange CEO.
The SET miraculously recovers 0.5% before closing, just enough to make retail investors think:
"See? It’s not that bad! Time to buy more!"
But little do they know—Mr. Johnny will be back tomorrow, ready to do it all over again.
🏝️ 4:00 PM - Off to Phuket with His Winnings
Market closed. Portfolio up. Time to escape to Phuket for the weekend.
As he sips on a Mojito, he scrolls through Facebook and sees Thai investors posting in SET forums:
- "หุ้นจะไปต่อไหมครับ?"
- "กองทุนทำอะไรกันอยู่?"
- "ทำไมขายหนักจัง?"
He chuckles. No need to reply. He’ll be back next week—to short, short, and short some more.
Because in the Stock TheftXchange of Thailand (STXT), the game is simple:
Mr. Johnny wins.
Retail loses.
Rinse & repeat.
