Thursday, January 25th.
Panic continues to spread.
Before the market opened, many brokerages issued risk warnings to remind customers to pay attention to the volatility risk of Tesla.
Goldman Sachs lowered the rating of Tesla from "hold" to "sell" and the target price from 320 US Dollar to 260 US Dollar.
Tesla opened at 318 US Dollar and then continued to fall.
315 US Dollar.
312 US Dollar.
310 US Dollar.
Chen Xi's fingers have been hanging on the keyboard, waiting for Zhao Chen to give the order to buy.
But Zhao Chen never spoke.
"Zhao Zong," Chen Xi finally couldn't help it anymore,
"Would you like to take some more? Now it's 310, which is much lower than our cost."
Zhao Chen shook his head. "No answer."
"Why?"
"The decline has just begun."
Su Wantang asked from the side, "Xiao Chen, how low do you think it will fall?"
Zhao Chen was silent for a while. "250 is possible."
Chen Xi took a breath.
At the close, Tesla closed at 308.20 US Dollar.
In three trading days, it fell from 360 US Dollar to 308 US Dollar, a drop of more than 14%.
The position of 9 million shares has a floating profit, from the highest profit of more than 400 million US Dollar to the current loss of nearly 100 million US Dollar.
The 23 million loss on Options became a trivial matter.
That night, an in-depth analysis from "Gelonghui" hit the screens in the domestic financial circle.
The title of the article is very direct. "Era Vanguard: The myth is shattered?"
"The mysterious crocodile that harvested Wall Street on Bitcoin failed on Tesla.
The Options loss of 23 million US Dollar is nothing to a fund holding billions of funds.
But what really scares the market is what 'Era Vanguard' will do next.
If they clear their positions on Common Stock, Tesla's stock price will face catastrophe. Wall Street is waiting with bated breath."
January 26, Friday.
Before the market opened, Tesla's stock price had fallen below 300 US Dollar's Psychological Threshold.
The pre-market quotation is 298 US Dollar.
Chen Xi looked at that number, his eyes were a little red.
It wasn't because she was losing money, it was because she saw Zhao Chen sitting there, motionless, like a sculpture.
"Zhao Zong," her voice was very soft, "Would you like to... at least sell part of it? Reduce the risk a little bit."
Zhao Chen shook his head.
"Why?"
He was silent for a long time.
Then he said something, his voice was very soft, but every word was clear.
"Because I don't need the money."
Chen Xi was stunned.
Zhao Chen looked at the number on the screen that fell below 300, and the corner of his mouth moved slightly--
It's not a smile, it's an indescribable expression.
"This money was earned from Bitcoin. Bitcoin made more than 8 billion, and it doesn't hurt to lose a little on Tesla.
But if I sell now, I'm telling the market that I lost."
He paused. "I didn't lose. I just need time."
Su Wantang looked at him and said nothing.
She saw something in Zhao Chen's eyes that she had never seen before -
It's not fear, it's not anxiety, it's a deep fatigue, but underneath the fatigue is something harder.
At the close on January 26, Tesla closed at 298.50 US Dollar.
From 315 US Dollar on January 5 to 298 US Dollar on January 26, the stock price fell by 17 US Dollar in three weeks.
All floating profits of Era Vanguard's 9 million shares of Common Stock disappeared, resulting in a book loss of approximately 170 million US Dollar.
Including Options's actual loss of 23.75 million US Dollar, the total loss is close to 194 million US Dollar.
This is the first time Zhao Chen has been on the losing side since his rebirth.
But the market did not wait for Era Vanguard to hit the market.
Monday, January 29th.
Tesla opened at 295 US Dollar and continued to fall.
But this time, the intensity of selling has significantly weakened.
Short Sellers are waiting--waiting for the 9 million shares of "Era Vanguard" to fall.
But the sell order never appeared.
Chen Xi noticed a detail. "Zhao Zong, someone is buying it."
Zhao Chen took a closer look at the screen.
The bill is not big, but it is continuous.
It's not a big move by institutions, it's retail investors taking over bit by bit.
Those who believe in Tesla, those who have read Elon Musk Twitter, and those who think "Era Vanguard" has not run away yet.
"The market is waiting for us to smash the market." Zhao Chen said, "If we don't smash the market, they will slowly pick it up."
January 30, Tuesday. Tesla closed at 292 US Dollar.
January 31, Wednesday. Tesla closed at 290.50 US Dollar.
The market is still waiting.
But Zhao Chen no longer pays attention to the stock price of Tesla.
He called Chen Xi and Su Wantang to the office and explained the next work:
"Tesla, let's put it aside for now. I don't know when the stock price will bottom out.
But I know one thing - we're not going to sell.9 million shares, not one share."
He opened his notebook and glanced at the work list above:
"Private Placement of Bubble Mart has arrived in your account on January 22. Existing Share Acquisition will continue to move forward, and don't let the Tesla matter affect the rhythm.
Yunnan Agriculture, Chen Xi, please arrange time to go there. Haoyu Construction's debt reduction plan will be implemented as planned."
He closed his notebook and looked out the window.
Shan City The winter is almost over, the fog on the river gradually dissipates, and the shadows of the mountains in the distance become clearer.
"Tesla, don't keep an eye on it every day. Let the bullets fly for a while."
Chen Xi nodded, turned around and went out.
Su Wantang walked to the door and looked back at him.
"Xiao Chen," her voice was very soft, "Are you really not worried?"
Zhao Chen There is no looking back:
"Worry. But there's no point worrying. I know it will come back up."
He paused and added, "I just don't know when."
Su Wantang was silent for a while, then gently closed the door.
Zhao Chen is the only person left in the office.
He sat on a chair and looked out the window at the gray sky.
He knows that Tesla will eventually rise to more than 1000 US Dollar.
But he didn't know how many times he would doubt, waver, and want to give up on this road.
Today's Citron Research Report is just the first time. There will be countless times in the future.
He turned the notebook to a new page and wrote:
January 23, 2018. For the first time, I doubted myself.
He read this line for a long time, and then added another line below:
January 31, 2018. Decided not to look at the stock price.
He closed his notebook, stood up, and walked to the window.
This loss of strength on Options is a good education.
Reality told him through practical actions that reborn people are not omniscient and omnipotent and can make mistakes.
Fortunately, this trial and error cost is a drop in the bucket for him.
If this loss occurred in the early stages of rebirth, it would be enough to make him irrecoverable.
He believes that after this loss, his future investment path will go smoother.
Tesla, he will come back in a month at most.
Next time, he must cut a piece of fat from Short Sellers's heart.