Chapter 798 - 327: Unwanted Children (Part 2)

Chapter 798: Chapter 327: Unwanted Children (Part 2)

Short-selling firms kept badmouthing GameStop, which only fueled the rebellious spirit of those retail investors to the extreme, eventually leading more and more people to join the long side.

Short-selling firms kept adding margin, and even more short-sellers joined in, eventually pushing the short interest percentage of GameStop stock to 140%.

Generally speaking, shorting can only reach 100%, but those short-sellers took already short-sold shares and continued to short...

The situation escalated, and GameStop’s stock market value was pushed up from over two billion US Dollars to over fifty billion US Dollars.

The shorts added countless margins, and at the peak, they collectively lost 38 billion US Dollars.

Shorts in the market couldn’t buy shares at all; every day GameStop opened at a very high position, yet the trading volume was still very low.

No matter how much they dumped, the funds would instantly absorb it.

In the end... Wall Street unplugged the internet cables.

They directly forced a halt on buying GameStop stock and even forced the shares held by those retail investors to be sold on the market without their consent.

This incident clearly shows that Wall Street will absolutely not compromise with retail investors.

Li Yang thought that this wasn’t the small retail investor here, and Wanliu Capital was not small in size, and Jiang Banxia’s reputation was also significant. 𝒻𝑟ℯℯ

The result was the same ending.

With the conditions Wall Street proposed, how is that different from giving it for free?

Do I just give up several tens of billions of dollars in stock for 150?

Those guys on Wall Street, all their short positions are over 300.

And they have the nerve to say we’re robbing them!

Damn it, it’s obviously those bastards who are robbing!

...

Wall Street didn’t do nothing either; they also come from a media background.

In a group set to buy Boeing stocks, someone said, "Guys, aren’t you afraid of being used as pawns by Jiang Banxia? The more we buy, the happier Jiang Banxia gets."

"Are you questioning our judgment?"

"No, no, no, I just think Jiang Banxia is no different from those Wall Street bastards; they are wolves in the capital market. The money Jiang Banxia makes, isn’t it all from those retail investors too? In China’s market, there are far more retail investors than us; they have hundreds of millions of them! I’m just advising everyone not to think too highly of Jiang Banxia..."

"????"

"Guys, think about it, isn’t it possible this is Jiang Banxia’s scheme? She incites us retail investors to throw our living expenses into it, and after the stock price rises, she cashes out and runs away—then what do we do? Who dares to say Wall Street really has that many short positions?"

"????"

The atmosphere in the group suddenly dropped.

...

About ten minutes later, the US stock market opened.

At the instant market opened, Boeing released an announcement.

Wanliu Capital has acquired 5% of Boeing’s total shares, becoming the third-largest shareholder.

As soon as the announcement appeared, the previously quiet group exploded instantly!

"Who was that bitch just now saying Jiang Banxia was going to use us? Open your eyes and see, Jiang Banxia has already announced their stake!"

"That bastard has already left the group; he was a Wall Street spy!"

"Damn Wall Street, a bunch of vampires! I’m going to fight them to the end!"

"Can’t fight now; Boeing’s up too much, there’s a circuit breaker, have to wait five more minutes to trade again."

"Fuck, fuck, those filthy Wall Street guys wasted our chance to get in first thing!"

"I apologize for hesitating just now..."

"Guys, without a doubt, this is our chance to get rich! Jiang Banxia’s stake shows she’s sure that there’s a huge amount of short interest on Wall Street that needs to be covered. It’s our turn to enter the market and take up all the shares, to beat the hell out of those Wall Street bastards!"

...

Boeing’s stock price jumped from $130 per share to $170 per share in just forty minutes.

Countless funds began rushing in.

The online momentum reached its peak at this point.

In China, many people didn’t even rest; they watched this scene unfold.

Those with US stock accounts started getting in; those without sought to buy related funds.

Among numerous domestic QDII funds, Boeing was also one of the heavy stocks, together holding a 2% share of Boeing, not a small amount of money.

"This is freaking intense; is Boeing going to double today?"

"I wouldn’t say doubling, but a 60% increase is inevitable. Wanliu Capital is ruthless; they took a stake right away. Isn’t their stake like sending a signal?"

"Does Wall Street really have so many short positions? I checked, and the securities firms still have quite a few shares, and there aren’t that many short positions."

"Do they need to use securities firms? The shares in their hands are open information. If they start with the shares from securities firms, it’s no different from blowing themselves up."

"Hilarious, Boeing announced that their performance is unlikely to meet expectations and significantly lowered their forecasted earnings for the next few years, like a restaurant doing so well, then the owner comes out and says their food isn’t nutritious or sanitary, urging everyone to go elsewhere."

"The more they act like this, the more anxious they are..."

"Those guys from Wall Street are really stubborn, quiet as a mouse until now."

"Comrades, I suddenly had a thought. Wanliu Capital took a stake this time, surely they’ll lose money. Can we short Wanliu Capital?"

"??? Short sell? Firstly, Wanliu Capital doesn’t have a margin trading business. Secondly... Wanliu Capital is even willing to prepay users, and they fear your shorting? With this commotion, who knows how many international capitals want to enter Wanliu Capital."