Chapter 350 The Power of Retail Investors



In the evening, Chen Ze and his group gathered around the table for dinner. The dishes tonight were quite sumptuous, including tuna sashimi, caviar, steak, and foie gras.

Zhang Guoheng and the others ate their food slowly, seemingly without any appetite.

"Eat up! Why are you all so polite? Or do you have no appetite?" Chen Ze asked.

He guessed that perhaps because they had lost billions of dollars today, no one had any appetite.

Zhang Guoheng put down his chopsticks with a wry smile. "Big boss, I've lost so much money today, how can I be in the mood to eat? Billions of US dollars, that's no small amount."

He truly admired his boss, who could still leisurely indulge in food and drink after losing billions of dollars.

The others nodded in agreement, their faces full of worry.

Chen Ze smiled and said, "You guys should think long-term. You can always earn back the money you lose. Today's drop is just temporary. It will definitely come back up tomorrow. Hurry up and eat. You need to be full to have the energy to work."

The meal lasted half an hour, after which everyone went back to their rooms to rest.

The next morning, Chen Ze got out of bed, walked to the window, casually opened the curtains, and looked out at the bustling metropolis of New York.

I felt a pang of emotion; New York was indeed much more prosperous than Shenzhen at that moment.

"Knock knock knock".

There was a knock on the door.

He turned and walked to the door, asking, "Who is it?"

No sooner had the words left his mouth than a familiar voice came from outside the door.

"Boss, it's me, Chen Xiyu. Are you up yet? I bought you breakfast."

Chen Ze opened the door and saw Shen Xiyu carrying a breakfast in her hand, with a sweet smile on her face.

"Come in, thank you for your hard work." Chen Ze stepped aside, and Shen Xiyu entered the room.

She placed breakfast on the table.

"Boss, I bought your favorite breakfast and a copy of the New York Times," Shen Xiyu said with a smile.

Looking at the exquisite breakfast in front of him, Chen Ze thought to himself how thoughtful his secretary was. "Thank you, Xiyu, you're so kind."

The two sat facing each other at the table and began to enjoy a hearty breakfast.

Chen Xiyu ate elegantly, occasionally stealing a few glances at Chen Ze when he wasn't looking, and discovered that her boss was really handsome.

After breakfast, the two got up together and walked towards the studio. Shen Xiyu walked lightly ahead, like a cheerful little bird. She specially opened the studio door for Chen Ze and stood respectfully to the side.

The moment Chen Ze stepped into the room, he keenly sensed a lively atmosphere.

When everyone saw the boss enter, they all stood up and greeted him respectfully.

Everyone shouted in unison, "Good morning, boss!" Their voices were loud and clear, full of vigor and energy.

Chen Ze smiled and replied, "Good morning, everyone." His voice was gentle and kind, making people feel as if they were bathed in a spring breeze.

Chen Ze walked to his seat and sat down. He looked around and observed everyone's expressions and state. He noticed that everyone was in good spirits and was obviously full of confidence for today's work.

After a slight pause, Chen Ze slowly began to speak.

"Today, everyone just needs to follow my instructions. Don't worry about whether you can make money. You have to believe that as the boss, I will never fight a battle I can't win. Although Citron short-selling funds are powerful, as the saying goes, even tigers sometimes doze off."

His words were clear and powerful, prompting everyone present to nod in agreement.

Their eyes revealed their trust in Chen Ze and their expectations for the future, as if they could already see the dawn of success.

Chen Ze turned on his computer and began analyzing yesterday's data, his fingers rapidly typing on the keyboard while his eyes were fixed on the screen.

Chen Xiyu, meanwhile, was attentively recording Chen Ze's instructions and occasionally handing him relevant documents.

As time went by, it was soon time for the stock market to open again.

Zhang Guoheng and others acted according to Chen Ze's instructions.

Chen Ze, on the other hand, calmly turned on his computer, entered the website address, and logged into a forum. He skillfully clicked the mouse and entered a section called "Leek Bar".

Upon entering the "Leek Bar," Chen Ze was immediately drawn to the scene before him.

He saw that Jerry was constantly interacting with other retail investors, calling on everyone to unite and launch a massive battle.

Jerry's intentions were very clear: he wanted to retaliate against Wall Street's short-selling of Electronic Arts and save EA's stock price.

Chen Ze carefully read Jerry's statement and learned about their plans and goals.

Today, Electronic Arts' stock opened at $12 per share.

However, the situation changed dramatically as Jerry continued to encourage retail investors in the "Leek Bar" forum.

Influenced by Jerry, a large number of retail investors began to flock to the stock market in a frenzy.

They rushed to buy Electronic Arts (EA) stock, causing its price to soar rapidly in a short period. The price, which was originally $12 per share, quickly rose to $18 per share.

Moreover, Electronic Arts' stock price continued to climb, soaring all the way up, until 10:30 a.m., when it reached $40.

This astonishing surge caused a huge uproar in the market, especially among investors who shorted Electronic Arts, who were now in dire straits.

It turns out that the shares these short sellers sold were not their own, but borrowed from brokerage firms. According to regulations, when they need to close their positions, they must purchase shares from the market to return to the brokerage firms.

However, the surge in Electronic Arts' stock price put these short sellers in a difficult position. Due to the soaring share price, they were forced to buy back shares at exorbitant prices to cover their losses. The problem was that Electronic Arts' market capitalization was relatively small, with a limited number of shares outstanding.

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