Reborn Millennial Gamer
Chapter 700 The life of retail investors is also life
That's it?
Jason watched the movie from beginning to end, but couldn't find any large-scale clips of Ivanka. At the beginning, he was lying in the bathtub, her body covered with foam, explaining the principles of the subprime mortgage crisis to the audience.
That's it!
Is this also called a large scale?
I've even taken off my pants and you're showing me this?
"Waldfark!"
For a moment, anger welled up in his heart.
Although "The Big Short" popularized science about how Wall Street gave birth to the financial monster of subprime mortgages and how it drained people of their hard-earned money, it did arouse my hatred for Wall Street.
But at this moment, Mr. Lu is more hateful than Wall Street!
rnm, refund the money!
I was so angry that I almost smashed the keyboard. I suppressed my anger, washed up, went to bed, and slept until noon.
My anger hadn't completely subsided yet, so when I thought of "The Big Short", even though 99 cents was the price of two chocolate bars, I couldn't bear it for a while, and the more I thought about it, the angrier I became, and I immediately got angry.
Sitting in front of the computer, I have to give a negative review of a movie!
However, unexpectedly, the number of views of "The Big Short" reached an astonishing 30, and the number of online viewers reached "20000+". His eyes widened in disbelief.
"Illusion, it must be an illusion."
Jason rubbed his eyes, "2" turned into "2.1" again, and changed his words: "Haha, you must have been cheated, you must have been cheated like me!" He couldn't help but gloated, "No, I won't allow you to be cheated." There are only so many people who can be deceived.”
As soon as I thought about it, I was ready to do the opposite and write good reviews in the comment area. However, I was unexpected. Except for a few negative reviews complaining about "boring" and "stuffy movies", most of them were Good reviews, especially the one with the most likes reads:
"I was attracted by the top movie reviews on YouTube. It's so true! Subprime mortgages are Wall Street's fault!"
Jason immediately cheered up and went to find the movie reviews for "The Big Short". If he didn't check them, he checked them all. One by one, the YouTubers in the film and television area gave critical reviews and interpretations of the movie from various angles.
The most popular one has 63 views.
Just one morning!The official has obviously diverted the traffic!
The content of the video starts with the plot of "The Big Short" and the financial knowledge points involved, and gradually progresses from the shallower to the deeper.
When it came to the culprit of the subprime mortgage crisis, the oil pipe boss became emotional and pointed the finger at greedy Wall Street.
Especially those profit-seeking short-selling institutions!
"Not long ago, we just experienced the 2008 financial crisis. I still clearly remember the huge changes that Wall Street's reckless behavior brought to me and the people around me."
"Luckily, my parents and I stocked up on food, and when the crisis hit, we were able to save our little house. We survived the entire year on pancakes, milk powder, beans and rice. This is already very lucky.”
"There are many unfortunate people who have lost their savings, lost their jobs, lost their houses, had no tax cuts, had loans, or even went bankrupt, became homeless, or jumped off buildings. Why are we always the ones who get hurt!"
"Where is Wall Street, which brought disaster to our and the global economy! It has recovered with impunity!"
"Is this fair?"
“Now I want to tell everyone that it’s time to change America, and it’s time for Wall Street’s short sellers to repay their debts.”
"That's Penguin!"
YouTube owners carefully analyzed the reasons for being long on Penguin, and speculated that with Buffett's blessing, as long as retail investors like them, who have been squeezed and harvested by institutions, unite and follow the two stock gods, Mr. Lu and Buffett, Penguin's stock price will definitely rise in the future.
You can defeat the big shorts and wipe out Wall Street.
"Bloodbath on Wall Street!!"
Jason's eyes lit up and his blood boiled.
Then switch to Reddit. The entire "Wall Street Casino" section is not only discussing "The Big Short", but also discussing the possibility of going long Penguin. The gamblers there don't care about revenge on Wall Street. They just want to make quick money and make big money, preferably overnight. Get rich suddenly.
Seeing that Buffett is also optimistic about Penguin, more and more Leeks are saying that they will sell all other stocks, and their positions are full of Penguin.
He won as a young model in the club, but lost as a trapeze artist.
At the same time, on Saturday, Penguin officially announced that the sales of the "League of Legends" S1 champion skin are gratifying, and will soon be announced together with the limited skin sales and sales on the 13th, saying that this year's "League of Legends" revenue is expected to exceed Super "World of Warcraft".
There is an endless stream of good news that is beneficial to the bulls.
The short sellers could no longer sit still and began to fight back. Citron Capital stopped pretending and was short on Penguin. It questioned the profit model of "League of Legends" and suspected that Penguin was at least 50% a bubble and the stock price was not worth $40 at all. , up to $20.
Bear Stearns, Citadel Capital, Melbourne Capital and other major short sellers joined forces to attack with great momentum.
Lu Fei, who had been silent for a long time, posted a picture of red short-selling shorts with Penguin brand on Twitter, mocking the penguin short sellers for losing only their shorts.
Lightford immediately made an appointment on behalf of Citron and released a video the next day explaining the reasons for the short selling, which was equivalent to a public short selling report.
John Paulson followed up by questioning, "I can't understand why a short-selling institution is so obsessed with Penguin, unless it itself is in the short-selling interest chain. If there is insider trading between the short-selling institution and individual hedge funds, it will be detrimental to Citron Capital." , short-selling institutions, and the market reputation and image of Wall Street will suffer a 'devastating blow', @雷 Ford, I advise you to take care of yourself!"
"This is the word I want to say!"
Not to be outdone, Lightford sent several tweets in succession, questioning how "The Big Short", a boring, ugly and narcissistic movie, became the first online movie introduced by YouTube?
How much did the copyright fees cost?
Is there any hidden secret in the transaction?
The two were back and forth and bickering on Twitter.
All of a sudden, the Penguin long-short fight made "The Big Short" and the Citron short-selling video more and more popular. Netizens, Wall Street elites, leeks, and both bulls and shorts paid close attention, eagerly awaiting the update on Sunday. A fierce battle.
As a result, the video released by Citron was disappointing.
It's all old talk. The only new ideas are Penguin's loan from Hua Xia Bank and the Three Body Fund's heavy investment in Europe. But behind Penguin, there is Buffett and Hua Xia Bank.
Citron’s arguments were not only unconvincing, but Lefort also read the entire draft while peeking at the screen. He never mentioned the risk of short squeeze that Leeks were concerned about, and even had an arrogant attitude, especially the last one——
"League of Legends" is a free game, and only losers with no money can play it. With an unstable and unreliable charging model like selling skins, how much money are these people willing to pay if they only play for free?
As for "World of Warcraft", you can pay with point cards, the data is intuitive, and the profits are stable. Penguin would be stupid to give up the agency!
"A Fei, are you trying to bribe Leford?"
Xu Xin turned around and looked at Lu Fei, John Paulson, Carlson Bullock and others in disbelief.
"Do you think people like him are worth buying?" Lu Fei and John Paulson looked at each other and smiled, "He's not stupid, it's elite arrogance. Wall Street doesn't treat leeks as human beings at all. Otherwise, tea, How could the party rise again?"
"But this is too stupid!"
Xu Xin sighed with emotion.
"Because we caught them off guard, Buffett's influence must be offset this weekend. Otherwise, when the market opens next Monday, Penguin's stock price is bound to skyrocket, which is simply unbearable by short sellers."
The corner of Lu Fei's mouth curled up, "If you want to neutralize Buffett's impact, the only way to break through is the flaw we gave him."
"It's smashed, it's all smashed! Now you want to draw out all the anger from American stock investors..."
Xu Xin glanced at the computer in front of her out of the corner of her eye.
Stock investors, especially those who were loyal fans of "Hero Player", were publicly called "losers". They angrily mobilized their organizations to build a large team to fight the short sellers, while simultaneously flooding the screen with Lyft's Twitter. He cursed and angrily called "Citron" a "stinking citron", and Citron instantly became a loser that everyone wanted to beat.
Even Lyford and his family were attacked online.
"This is not enough, it's not enough."
Lu Fei raised a smirk on his lips. "Isn't this enough?" Xu Xin was startled.
"This is just for the Citron Institution. What I want is anger for the entire Wall Street short-selling institution! John, are you ready?"
Lu Fei looked sideways.
John Paulson grinned and pointed the laptop screen at everyone. He saw a user named "Wall Street Zhang Mazi" launching a call in the forum. The slogan was:
"Want to take revenge on Wall Street? Support Penguin immediately!"
"Want to kill Wall Street? Support Penguin now!"
"I want to earn back all the knives that I harvested, squeezed, and defrauded from Wall Street. Go support Penguin immediately!"
"In short, we just want to be long Penguin and get back all the things that short sellers on Wall Street took away from us!"
"You have the money in hand, follow me, kill the short sellers, and grab the beautiful knife!"
Retail investors already hate Wall Street, but the subprime mortgage crisis has added fuel to the fire, the movie "The Big Short" has added fuel to the fire, and Citron's arrogant remarks have added fuel to the fire. At this time, they cheered,
One call and a hundred responses quickly formed a raging fire!
A single spark can start a prairie fire!
"Will doing this attract the Securities and Exchange Commission (SEC)?" Xu Xin frowned slightly, worried.
Lu Fei curled his lips, "Where were the short sellers when they were so blatantly shorting Penguin?"
"They will definitely be recruiting, but don't worry. The poster does not hold any Penguin-related stocks and has no interest in us. The SEC can't find anything even if it wants to. The key lies in the American Securities Depository and Clearing Corporation to prevent Use margin as an excuse to restrict buying and selling." John Paulson rubbed his chin.
"This is no longer a problem."
The corner of Lu Fei's mouth raised. Referees, referees, and players are all long-term people. How can you win if you are short-term?
Unplug the network cable again and let me take a look!
Then he looked at John Paulson and said, "Give me another slogan."
"What slogan?"
Xu Xin and John Paulson looked at each other in unison.
"The lives of retail investors also matter!"
Lu Fei slapped the table, his eyes shining.
Citron's splash of cold water not only failed to cool down the situation, but instead added fuel to the fire, angering the majority of American retail investors and netizens. When the market opened on Monday, they rushed into the stock market in a mighty manner.
In one hour, the stock price rose by 1%.
In 2 hours, the stock price exceeded 21%.
In 3 hours, the stock price exploded, exceeding 40%!
In the afternoon, the stock price reached a climax, exceeding 70%!
The stock price went from $41 to $70.
The short sellers were panicked, really panicked. They had never seen such united retail investors, and had never seen retail investors retaliate against institutions.
Bullying!
This collective short squeeze by retail investors is unprecedented. What's even more terrible is that in addition to buying the few remaining Penguin stocks to push up the stock price, they also bought a large number of call options.
At the same time, it used the huge profits obtained from highly leveraged options to buy back the stock on the backhand, continuing to push Penguin's stock price up.
Retail investors’ money is also money!The lives of retail investors also matter!
Either you die or I die, and retail investors even shouted a battle declaration of "Either get rich! Or die poor!"
Short-selling institutions encountered an unimaginable counterattack, and they did not care about preserving their strength. They kept selling stocks and tried every means to make Penguin's stock price fall, regardless of short squeeze or not.
Although individual retail investors don’t have much money, they are better than having more people.
Take as many as you have!
Moreover, retail investors posted their profits from buying Penguin stocks on Twitter, Facebook, QQ, Riddit and other platforms. If the profits were less than 50%, they would be embarrassed to post pictures. Almost every post had around 2 replies from netizens. Like in the early days, Jason who invests——
The rate of return has exceeded 300%!
Melvin Capital was the first to bear the brunt of the short squeeze by retail investors and suffered heavy losses. According to rumors, it suffered a huge loss of 30%. It had to urgently seek help from the outside world, bite the bullet and add positions, and continue to plow ahead.
Leford is anxious, really anxious. Citron Capital has invested US$7.5 million in Penguin short selling. If it continues to rise like this, Citron Capital will explode. In a hurry, he will jump over the wall and call his father——
"This is an organized and large-scale 'financial violence'. It is a conspiracy hatched by someone. Not only did they cut my leeks, but they also harassed my family and harassed them online! I want to sue them!"
He shouted on Twitter that evidence of online violence should be submitted to the SEC, and at the same time requested the SEC to immediately intervene in the investigation of Penguin.
SEC Are you blind?
Has the U.S. financial sector failed?
The subprime mortgage crisis can bring down the world, but this time it cannot bring down the crotch!
In fact, U.S. regulatory agencies have long been unable to sit still. Investigators from the Securities and Exchange Commission are combing through posts on social media and forums, looking for signs of fraud that have caused price changes in stocks such as Penguin, Nokia, and Spotify.
"What do they say, what do they say!"
In the office, David Solomon eagerly asked for the Securities Regulatory Commission's answer. Can Penguin Stock be reviewed?
John Wallendron shook his head, "They say that the SEC's intervention is inevitable, but whether it is from a legal or political perspective, it is obviously difficult to actually open a case to investigate retail investors. On the contrary, it will intensify retail investors' anger towards Wall Street." "
"what?!"
David Solomon said: "Well, what about Huaxia Land! He has an unshirkable responsibility for the abnormal trading of Penguin stocks!"
John Wallendren said helplessly: "Huaxia Lu is very smart and stays silent most of the time. Even when dealing with Lyford and the others, they let Michael, Paulson, and Lewis speak for him, and nothing can be done about him. .”
"This this……"
"The trouble now is not with Huaxia Land, but with the incited stock investors. The power of their grouping is a hundred or a thousand times more terrifying than ten Huaxia Lands and ten Buffetts!"
"Yes, yes, the social tools they use to connect must be interrupted. What do Twitter, Riddit, Facebook, and Line say? Can you block these damn leek trading groups immediately!"
"What do you think, David, Huaxia Lu and Penguin are both major shareholders of Facebook, Twitter, and Line! Zuckerberg asked us not to call him for the time being. He is afraid that Huaxia Lu will misunderstand."
John Wallendren sighed.
"Fake!"
David Solomon slammed his fist on the table.
Outside the window, snowflakes are flying and the north wind is blowing~
"Even if Facebook and Twitter are willing, Penguin still has QQ and Wechat. We can't solve the social problem at all. The most we can do is close the 'Wall Street Casino' section of reddit, but this is not the worst. The worst thing is that we have already found out Many hedge funds started going long Penguin and wanted to eat up the shorts.”
John Wallendren frowned.
"Wall Street funds shouldn't be shorting European bonds and the euro in Europe! What kind of fund still has the energy to be long Penguin?"
David Solomon's heart skipped a beat. Lu Fei's Trisolaris Fund focused its funds on Europe, so why didn't Goldman Sachs do the same?
Now, Goldman Sachs does not have much money at its disposal. Once the amount involved is too large, it will inevitably go to the board of directors.
All of a sudden, the news will be leaked to Lu Fei.
The two discussed continuing to make money from hedge funds in Hong Kong. At this moment, the phone rang. Bear Stearns, Morgan Stanley, Bank of America Merrill Lynch and other major players involved in Penguin short selling could no longer sit still. , a meeting must be held immediately to discuss countermeasures.
Otherwise, they will become leeks... (End of this chapter)
Jason watched the movie from beginning to end, but couldn't find any large-scale clips of Ivanka. At the beginning, he was lying in the bathtub, her body covered with foam, explaining the principles of the subprime mortgage crisis to the audience.
That's it!
Is this also called a large scale?
I've even taken off my pants and you're showing me this?
"Waldfark!"
For a moment, anger welled up in his heart.
Although "The Big Short" popularized science about how Wall Street gave birth to the financial monster of subprime mortgages and how it drained people of their hard-earned money, it did arouse my hatred for Wall Street.
But at this moment, Mr. Lu is more hateful than Wall Street!
rnm, refund the money!
I was so angry that I almost smashed the keyboard. I suppressed my anger, washed up, went to bed, and slept until noon.
My anger hadn't completely subsided yet, so when I thought of "The Big Short", even though 99 cents was the price of two chocolate bars, I couldn't bear it for a while, and the more I thought about it, the angrier I became, and I immediately got angry.
Sitting in front of the computer, I have to give a negative review of a movie!
However, unexpectedly, the number of views of "The Big Short" reached an astonishing 30, and the number of online viewers reached "20000+". His eyes widened in disbelief.
"Illusion, it must be an illusion."
Jason rubbed his eyes, "2" turned into "2.1" again, and changed his words: "Haha, you must have been cheated, you must have been cheated like me!" He couldn't help but gloated, "No, I won't allow you to be cheated." There are only so many people who can be deceived.”
As soon as I thought about it, I was ready to do the opposite and write good reviews in the comment area. However, I was unexpected. Except for a few negative reviews complaining about "boring" and "stuffy movies", most of them were Good reviews, especially the one with the most likes reads:
"I was attracted by the top movie reviews on YouTube. It's so true! Subprime mortgages are Wall Street's fault!"
Jason immediately cheered up and went to find the movie reviews for "The Big Short". If he didn't check them, he checked them all. One by one, the YouTubers in the film and television area gave critical reviews and interpretations of the movie from various angles.
The most popular one has 63 views.
Just one morning!The official has obviously diverted the traffic!
The content of the video starts with the plot of "The Big Short" and the financial knowledge points involved, and gradually progresses from the shallower to the deeper.
When it came to the culprit of the subprime mortgage crisis, the oil pipe boss became emotional and pointed the finger at greedy Wall Street.
Especially those profit-seeking short-selling institutions!
"Not long ago, we just experienced the 2008 financial crisis. I still clearly remember the huge changes that Wall Street's reckless behavior brought to me and the people around me."
"Luckily, my parents and I stocked up on food, and when the crisis hit, we were able to save our little house. We survived the entire year on pancakes, milk powder, beans and rice. This is already very lucky.”
"There are many unfortunate people who have lost their savings, lost their jobs, lost their houses, had no tax cuts, had loans, or even went bankrupt, became homeless, or jumped off buildings. Why are we always the ones who get hurt!"
"Where is Wall Street, which brought disaster to our and the global economy! It has recovered with impunity!"
"Is this fair?"
“Now I want to tell everyone that it’s time to change America, and it’s time for Wall Street’s short sellers to repay their debts.”
"That's Penguin!"
YouTube owners carefully analyzed the reasons for being long on Penguin, and speculated that with Buffett's blessing, as long as retail investors like them, who have been squeezed and harvested by institutions, unite and follow the two stock gods, Mr. Lu and Buffett, Penguin's stock price will definitely rise in the future.
You can defeat the big shorts and wipe out Wall Street.
"Bloodbath on Wall Street!!"
Jason's eyes lit up and his blood boiled.
Then switch to Reddit. The entire "Wall Street Casino" section is not only discussing "The Big Short", but also discussing the possibility of going long Penguin. The gamblers there don't care about revenge on Wall Street. They just want to make quick money and make big money, preferably overnight. Get rich suddenly.
Seeing that Buffett is also optimistic about Penguin, more and more Leeks are saying that they will sell all other stocks, and their positions are full of Penguin.
He won as a young model in the club, but lost as a trapeze artist.
At the same time, on Saturday, Penguin officially announced that the sales of the "League of Legends" S1 champion skin are gratifying, and will soon be announced together with the limited skin sales and sales on the 13th, saying that this year's "League of Legends" revenue is expected to exceed Super "World of Warcraft".
There is an endless stream of good news that is beneficial to the bulls.
The short sellers could no longer sit still and began to fight back. Citron Capital stopped pretending and was short on Penguin. It questioned the profit model of "League of Legends" and suspected that Penguin was at least 50% a bubble and the stock price was not worth $40 at all. , up to $20.
Bear Stearns, Citadel Capital, Melbourne Capital and other major short sellers joined forces to attack with great momentum.
Lu Fei, who had been silent for a long time, posted a picture of red short-selling shorts with Penguin brand on Twitter, mocking the penguin short sellers for losing only their shorts.
Lightford immediately made an appointment on behalf of Citron and released a video the next day explaining the reasons for the short selling, which was equivalent to a public short selling report.
John Paulson followed up by questioning, "I can't understand why a short-selling institution is so obsessed with Penguin, unless it itself is in the short-selling interest chain. If there is insider trading between the short-selling institution and individual hedge funds, it will be detrimental to Citron Capital." , short-selling institutions, and the market reputation and image of Wall Street will suffer a 'devastating blow', @雷 Ford, I advise you to take care of yourself!"
"This is the word I want to say!"
Not to be outdone, Lightford sent several tweets in succession, questioning how "The Big Short", a boring, ugly and narcissistic movie, became the first online movie introduced by YouTube?
How much did the copyright fees cost?
Is there any hidden secret in the transaction?
The two were back and forth and bickering on Twitter.
All of a sudden, the Penguin long-short fight made "The Big Short" and the Citron short-selling video more and more popular. Netizens, Wall Street elites, leeks, and both bulls and shorts paid close attention, eagerly awaiting the update on Sunday. A fierce battle.
As a result, the video released by Citron was disappointing.
It's all old talk. The only new ideas are Penguin's loan from Hua Xia Bank and the Three Body Fund's heavy investment in Europe. But behind Penguin, there is Buffett and Hua Xia Bank.
Citron’s arguments were not only unconvincing, but Lefort also read the entire draft while peeking at the screen. He never mentioned the risk of short squeeze that Leeks were concerned about, and even had an arrogant attitude, especially the last one——
"League of Legends" is a free game, and only losers with no money can play it. With an unstable and unreliable charging model like selling skins, how much money are these people willing to pay if they only play for free?
As for "World of Warcraft", you can pay with point cards, the data is intuitive, and the profits are stable. Penguin would be stupid to give up the agency!
"A Fei, are you trying to bribe Leford?"
Xu Xin turned around and looked at Lu Fei, John Paulson, Carlson Bullock and others in disbelief.
"Do you think people like him are worth buying?" Lu Fei and John Paulson looked at each other and smiled, "He's not stupid, it's elite arrogance. Wall Street doesn't treat leeks as human beings at all. Otherwise, tea, How could the party rise again?"
"But this is too stupid!"
Xu Xin sighed with emotion.
"Because we caught them off guard, Buffett's influence must be offset this weekend. Otherwise, when the market opens next Monday, Penguin's stock price is bound to skyrocket, which is simply unbearable by short sellers."
The corner of Lu Fei's mouth curled up, "If you want to neutralize Buffett's impact, the only way to break through is the flaw we gave him."
"It's smashed, it's all smashed! Now you want to draw out all the anger from American stock investors..."
Xu Xin glanced at the computer in front of her out of the corner of her eye.
Stock investors, especially those who were loyal fans of "Hero Player", were publicly called "losers". They angrily mobilized their organizations to build a large team to fight the short sellers, while simultaneously flooding the screen with Lyft's Twitter. He cursed and angrily called "Citron" a "stinking citron", and Citron instantly became a loser that everyone wanted to beat.
Even Lyford and his family were attacked online.
"This is not enough, it's not enough."
Lu Fei raised a smirk on his lips. "Isn't this enough?" Xu Xin was startled.
"This is just for the Citron Institution. What I want is anger for the entire Wall Street short-selling institution! John, are you ready?"
Lu Fei looked sideways.
John Paulson grinned and pointed the laptop screen at everyone. He saw a user named "Wall Street Zhang Mazi" launching a call in the forum. The slogan was:
"Want to take revenge on Wall Street? Support Penguin immediately!"
"Want to kill Wall Street? Support Penguin now!"
"I want to earn back all the knives that I harvested, squeezed, and defrauded from Wall Street. Go support Penguin immediately!"
"In short, we just want to be long Penguin and get back all the things that short sellers on Wall Street took away from us!"
"You have the money in hand, follow me, kill the short sellers, and grab the beautiful knife!"
Retail investors already hate Wall Street, but the subprime mortgage crisis has added fuel to the fire, the movie "The Big Short" has added fuel to the fire, and Citron's arrogant remarks have added fuel to the fire. At this time, they cheered,
One call and a hundred responses quickly formed a raging fire!
A single spark can start a prairie fire!
"Will doing this attract the Securities and Exchange Commission (SEC)?" Xu Xin frowned slightly, worried.
Lu Fei curled his lips, "Where were the short sellers when they were so blatantly shorting Penguin?"
"They will definitely be recruiting, but don't worry. The poster does not hold any Penguin-related stocks and has no interest in us. The SEC can't find anything even if it wants to. The key lies in the American Securities Depository and Clearing Corporation to prevent Use margin as an excuse to restrict buying and selling." John Paulson rubbed his chin.
"This is no longer a problem."
The corner of Lu Fei's mouth raised. Referees, referees, and players are all long-term people. How can you win if you are short-term?
Unplug the network cable again and let me take a look!
Then he looked at John Paulson and said, "Give me another slogan."
"What slogan?"
Xu Xin and John Paulson looked at each other in unison.
"The lives of retail investors also matter!"
Lu Fei slapped the table, his eyes shining.
Citron's splash of cold water not only failed to cool down the situation, but instead added fuel to the fire, angering the majority of American retail investors and netizens. When the market opened on Monday, they rushed into the stock market in a mighty manner.
In one hour, the stock price rose by 1%.
In 2 hours, the stock price exceeded 21%.
In 3 hours, the stock price exploded, exceeding 40%!
In the afternoon, the stock price reached a climax, exceeding 70%!
The stock price went from $41 to $70.
The short sellers were panicked, really panicked. They had never seen such united retail investors, and had never seen retail investors retaliate against institutions.
Bullying!
This collective short squeeze by retail investors is unprecedented. What's even more terrible is that in addition to buying the few remaining Penguin stocks to push up the stock price, they also bought a large number of call options.
At the same time, it used the huge profits obtained from highly leveraged options to buy back the stock on the backhand, continuing to push Penguin's stock price up.
Retail investors’ money is also money!The lives of retail investors also matter!
Either you die or I die, and retail investors even shouted a battle declaration of "Either get rich! Or die poor!"
Short-selling institutions encountered an unimaginable counterattack, and they did not care about preserving their strength. They kept selling stocks and tried every means to make Penguin's stock price fall, regardless of short squeeze or not.
Although individual retail investors don’t have much money, they are better than having more people.
Take as many as you have!
Moreover, retail investors posted their profits from buying Penguin stocks on Twitter, Facebook, QQ, Riddit and other platforms. If the profits were less than 50%, they would be embarrassed to post pictures. Almost every post had around 2 replies from netizens. Like in the early days, Jason who invests——
The rate of return has exceeded 300%!
Melvin Capital was the first to bear the brunt of the short squeeze by retail investors and suffered heavy losses. According to rumors, it suffered a huge loss of 30%. It had to urgently seek help from the outside world, bite the bullet and add positions, and continue to plow ahead.
Leford is anxious, really anxious. Citron Capital has invested US$7.5 million in Penguin short selling. If it continues to rise like this, Citron Capital will explode. In a hurry, he will jump over the wall and call his father——
"This is an organized and large-scale 'financial violence'. It is a conspiracy hatched by someone. Not only did they cut my leeks, but they also harassed my family and harassed them online! I want to sue them!"
He shouted on Twitter that evidence of online violence should be submitted to the SEC, and at the same time requested the SEC to immediately intervene in the investigation of Penguin.
SEC Are you blind?
Has the U.S. financial sector failed?
The subprime mortgage crisis can bring down the world, but this time it cannot bring down the crotch!
In fact, U.S. regulatory agencies have long been unable to sit still. Investigators from the Securities and Exchange Commission are combing through posts on social media and forums, looking for signs of fraud that have caused price changes in stocks such as Penguin, Nokia, and Spotify.
"What do they say, what do they say!"
In the office, David Solomon eagerly asked for the Securities Regulatory Commission's answer. Can Penguin Stock be reviewed?
John Wallendron shook his head, "They say that the SEC's intervention is inevitable, but whether it is from a legal or political perspective, it is obviously difficult to actually open a case to investigate retail investors. On the contrary, it will intensify retail investors' anger towards Wall Street." "
"what?!"
David Solomon said: "Well, what about Huaxia Land! He has an unshirkable responsibility for the abnormal trading of Penguin stocks!"
John Wallendren said helplessly: "Huaxia Lu is very smart and stays silent most of the time. Even when dealing with Lyford and the others, they let Michael, Paulson, and Lewis speak for him, and nothing can be done about him. .”
"This this……"
"The trouble now is not with Huaxia Land, but with the incited stock investors. The power of their grouping is a hundred or a thousand times more terrifying than ten Huaxia Lands and ten Buffetts!"
"Yes, yes, the social tools they use to connect must be interrupted. What do Twitter, Riddit, Facebook, and Line say? Can you block these damn leek trading groups immediately!"
"What do you think, David, Huaxia Lu and Penguin are both major shareholders of Facebook, Twitter, and Line! Zuckerberg asked us not to call him for the time being. He is afraid that Huaxia Lu will misunderstand."
John Wallendren sighed.
"Fake!"
David Solomon slammed his fist on the table.
Outside the window, snowflakes are flying and the north wind is blowing~
"Even if Facebook and Twitter are willing, Penguin still has QQ and Wechat. We can't solve the social problem at all. The most we can do is close the 'Wall Street Casino' section of reddit, but this is not the worst. The worst thing is that we have already found out Many hedge funds started going long Penguin and wanted to eat up the shorts.”
John Wallendren frowned.
"Wall Street funds shouldn't be shorting European bonds and the euro in Europe! What kind of fund still has the energy to be long Penguin?"
David Solomon's heart skipped a beat. Lu Fei's Trisolaris Fund focused its funds on Europe, so why didn't Goldman Sachs do the same?
Now, Goldman Sachs does not have much money at its disposal. Once the amount involved is too large, it will inevitably go to the board of directors.
All of a sudden, the news will be leaked to Lu Fei.
The two discussed continuing to make money from hedge funds in Hong Kong. At this moment, the phone rang. Bear Stearns, Morgan Stanley, Bank of America Merrill Lynch and other major players involved in Penguin short selling could no longer sit still. , a meeting must be held immediately to discuss countermeasures.
Otherwise, they will become leeks... (End of this chapter)
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