Worse still, as more and more retail investors flooded the market to buy Electronic Arts (EA) stock and chose to lock it up, the number of EA shares in circulation became increasingly scarce. Meanwhile, short sellers held more than 40% of EA's total shares!
This means that a significant portion of short sellers are simply unable to buy enough Electronic Arts shares on the market to cover their positions, and they face huge losses and irreparable risks.
Seeing the stock price soar so quickly, Zhang Guoheng was overwhelmed with excitement.
Xiao Fang turned to him and whispered, "Team leader, the amount in our account has exceeded yesterday's figure. Do you want to talk to the boss and say that if we sell now, we can make back all the money we lost yesterday and even make a big profit?"
Zhang Guoheng hesitated for a moment, looked at the boss, and found that the boss had no intention of selling, so he held back and didn't dare to speak.
Chen Ze naturally noticed the stock price situation, but he had no intention of selling. Instead, he calmly continued to stare at the screen.
At this point, the big players on Wall Street who were shorting Electronic Arts couldn't sit still any longer. They began to unite and try to suppress the stock price through various means.
They released a lot of negative news and manipulated some media outlets to smear Electronic Arts.
Rumors swirled in the market, and some retail investors began to waver, showing signs of selling off their shares.
But he was quickly persuaded by Jerry in just a few words.
At this moment, Chen Ze's lips curled up slightly. He had expected these people to use underhanded tactics. He quickly posted some genuinely positive news about Electronic Arts on the forum and asked Shen Xiyu to contact some influential bloggers to help forward it.
Seeing this news strengthened retail investors' confidence in holding their stocks.
The stock price not only stabilized but continued its slow upward trend. Seeing this, Zhang Guoheng and the others were filled with even greater admiration for Chen Ze, and they never mentioned early settlement again, focusing solely on continuing the fight alongside Chen Ze.
Continue read on readnovelmtl.com
