Time flies like an arrow; in just three days, Electronic Arts' stock price soared to $68 per share.
The atmosphere was unusually tense in the office of the owner of Citron short-selling fund on Wall Street.
Three financial giants sat together, anxiously discussing how to deal with the sudden surge in stock prices.
The first to break the silence was the long-haired man, who looked at the count with a worried expression.
"Your Excellency, the current situation is quite unfavorable for us. Do you think there is any better way to get out of this predicament?"
The count shook his head helplessly, sighed heavily, and said, "In the current situation, we really don't have many options. Either we add more margin and continue to maintain our short positions, or we bear the risk of being liquidated or wiped out, and cut our losses and exit the market."
Hearing the count's words, the long-haired man was clearly unwilling to give up and continued to press, "Your Excellency, are we really going to admit defeat so easily?"
Just then, the white-haired old man, who had been silent all along, suddenly interjected:
“If we concede now, it means we need to buy EA stock on the market to close our positions. This would shift the pressure from short sellers to the Frost Short Fund. This would undoubtedly push up EA's stock price further and put us in an even more passive position.”
If you concede defeat in short selling in the stock market, it will create a short squeeze and a positive cycle of continuous upward movement.
After two hours of discussion, the Earl decided to bring in several other major short-selling institutions to participate. One of them was Darwin Short Fund, which is one of the second largest short-selling fund companies in the United States, managing hundreds of billions of dollars.
In just three days, Citron short sellers have lost over $30 billion, not including losses from Frost short sellers.
On the other side.
On the online forum "Leek Bar," Jerry posted a new update that attracted attention.
The title of this post was full of confidence and pride: "Dear fellow stock investors, let's cheer together! It is because of everyone's concerted efforts that we have achieved such brilliant results! Look at those legendary Wall Street devils, they are nothing but paper tigers!"
This article was like a large stone thrown into a calm lake, quickly causing a huge uproar.
Retail investors were deeply moved by Jerry's words, responding enthusiastically and expressing strong agreement with his views.
In this enthusiastic atmosphere, individual investors deeply felt the power of unity.
They realized that when they banded together, they were able to compete with those seemingly powerful Wall Street giants.
Among the many retail investors in Electronic Arts Games' stock, a man named Lucas stands out.
He is not only one of the leaders of this group of retail investors, but also a key figure who has tens of thousands of people following him to go long almost every day.
Since engaging in a fierce battle with Citron Research, Lucas has been posting inspiring comments on the Leek Bar every morning at 8:30, igniting retail investors' enthusiasm for banding together.
His words were sharp and powerful, as if injecting retail investors with a continuous stream of courage and confidence.
At 3 p.m., Lucas would generously share his positions and profit/loss details.
This move not only allowed other retail investors to understand his operations in real time, but also further enhanced their trust in and loyalty to Lucas.
As Electronic Arts' stock price continued to rise, his initial investment of $100,000 turned into more than $3 million in just a few days, a tenfold return.
Lucas sat in front of his computer at home, looking smugly at the balance in his account.
Then, he picked up the red wine on the table, ready to celebrate his victory.
Unexpectedly, his phone rang.
He reluctantly put down his wine glass, picked up his phone, glanced at the contact name, and discovered that it was a call from his behind-the-scenes boss, BlackRock.
I answered the call, and BlackRock's deep voice came from the other end.
“Lucas, you did a great job. I swear to God I’ll give you two million dollars after this operation is over.”
Lucas was overjoyed, but he still pretended to be calm and said, "Boss, this is all thanks to your brilliant leadership. But... do we have any new plans?"
BlackRock paused for a moment, then slowly said, "Electronic Arts' stock price is rising too fast right now. Citron Research and the others certainly won't sit idly by. They're likely to unite with more forces to fight back. You need to continue to stabilize retail investors, while I'll arrange for people to make arrangements in secret."
Lucas nodded quickly: "Don't worry, boss, I will definitely continue to incite the enthusiasm of retail investors and make them stick together."
After talking for several minutes, Lucas hung up the phone with mixed feelings.
On the one hand, he was thrilled by the two million dollars he was about to receive; on the other hand, he was worried about the possible retaliation from short sellers such as Citron Research.
Putting down his phone, Lucas picked up his wine glass again, took a small sip of red wine, and savored the rich flavor spreading across his tongue.
His gaze immediately fell on the computer screen, where the three million US dollars in his account were clearly visible. Adding the two million dollars his boss had promised, he could buy his own villa.
Lucas secretly vowed that he never wanted to live in such an expensive and cramped house again, especially since it was rented. Thinking about this filled him with anticipation for the future, as if he could already see himself enjoying life to the fullest in a spacious and bright villa.
However, just as Lucas was lost in his rosy reverie, the stock market data suddenly underwent a dramatic change. Electronic Arts' stock price plummeted from $68 to $30 per share in just ten minutes, like a freefall.
This sudden turn of events caught Lucas completely off guard; he choked, and wine sprayed from his nose. His eyes widened in astonishment as he stared at the numbers on the screen in disbelief.
"Fuck! Fuck! Fuck!" Lucas couldn't help but curse. "Have those bastards brought in more helpers?" His face darkened.
Lucas quickly picked up his phone and called BlackRock.
After the call connected, the voice said, "Boss, Citron Research has made another big move. The stock price is plummeting again. They must have brought in new allies. What should we do next?"
“Lucas, you just need to do your job. Everything with Citron Research is going as I expected, so there’s no need to worry too much,” BlackRock said calmly.
Hearing his boss's calm tone, Lucas said nothing more and quickly hung up the phone.
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