Throughout the subsequent trading week, Era Vanguard continued to face off against Secondary Market and Short Sellers
Zhao Chen drew a clear bottom line for the market:
As long as the stock price falls below 200 US Dollar, a large number of Buying Pressure will pour in on time, catching every wave of selling like a silent breakwater.
Friday Era Vanguard fought the fiercest artillery fire from Short Sellers for a whole day.
It set the biggest single-day Trading Volume in more than a year, and most of the chips were collected by them.
The confidence of the bulls was completely ignited after that trading day, and they were finally convinced that there was a force willing to support the market at this price at any cost.
And Short Sellers experienced real suffering this week--
Every time they try to push the stock price through 200, Buying Pressure will appear on time, without chasing or pushing the price higher.
Just hold on to the bottom line steadily and eliminate the threat of every drop.
The stock price closed near 203, and it stayed within a narrow range between 200 and 204 for the whole week, with Trading Volume shrinking day by day.
Short Sellers no longer dares to easily test the bottom line drawn by Era Vanguard with real gold Silver at this position.
And above Tesla 200 US Dollar, Era Vanguard will not be bought in large quantities to push up the stock price--
Zhao Chen made this rhythm clear at Monday's strategy meeting. Protecting the Tesla support level is only the first step.
The real strategic purpose is to accumulate funds in the bottom range, not to go long Short Squeeze. Pushing up the stock price too early will consume its own ammunition efficiency.
This also makes Short Sellers feel uncomfortable - they can neither penetrate 200 US Dollar's defense line.
He couldn't wait for the bulls to make mistakes and chase the highs before being trapped and trampled out of the game. He was accurately locked in a small cage.
But what really made Short Sellers break through was the news from Nvidia.
Starting from this week, Era Vanguard simultaneously resumed buying Nvidia.
The rhythm is exactly the same as Tesla - small and medium-sized orders enter the market in batches, scattered in multiple channels, not obvious, but they are taken in every day.
Compared with the fierce street fighting at Tesla, the position building at Nvidia is more like a chess game quietly laid out in the dark.
A few days later, after Friday, a new Schedule 13D Amendment Filing popped up from the SEC's EDGAR System.
Previously, Era Vanguard's first revised filing had pushed its shareholding to more than 11%.
And this latest revised declaration has refreshed the number to a staggeringly high position.
The title of Bloomberg was changed three times in a row, and was finally settled on--
"Era Vanguard attacks on two fronts: while supporting the market Tesla, while increasing its holdings of Nvidia to an absolute high".
The entire market was silent.
Previously, when the report letter was submitted to the SEC in an attempt to question the source of Era Vanguard's funds,
There are still people in the Short Sellers circle who think this is just another short-lived struggle for Era Vanguard.
They calculated that Apple liquidated more than 800 million, and calculated the total consumption of previous supplementary pledges.
I think this time it was just a counterattack that I scraped together the last bit of money I had in my pocket.
They even swore in internal discussions that Era Vanguard was bluffing and would not last long.
But at this moment, this revised declaration is like a slap in the face of the Short-Selling Alliance. This rate of burning money is not a bluff.
This does not require allies to betray or retail investors to take over.
It is directly telling everyone staring at EDGAR in front of the trading terminal: Era Vanguard is not short of money.
Lin Shicheng stood in front of Bloomberg Terminal and finished swiping the confirmation receipt for the revised declaration, and immediately dialed Zhao Chen's phone number.
There was a trace of extreme restraint in the voice but still trembled with excitement:
"Zhao Zong, the declaration has been submitted. We already have a bottom position for the positions held before Nvidia,
After this round of additions, the total has far exceeded their most pessimistic forecast.
On the Tesla side, the bottom position obtained during this period provides good floating profit support, which is enough for us to digest the Nvidia chips with zero leverage without triggering pledge pressure.
Until now, all Wall Street would never have thought that someone would dare to fight on two fronts at the same time."
Throughout May, Era Vanguard submitted Schedule 13D Amendment Filing to the SEC with such frequency that it was so intensive that it numbed the entire Wall Street.
Tesla shall declare once every time the holding increases by more than 1%;
Nvidia will declare again every time the holding increases by more than 1%.
The reporters of Bloomberg and Reuters initially interpreted them one by one, and later simply merged several revised declarations into one summary table.
Use a chart to show the growth trajectory of this offshore fund's holdings over the past five months.
As of the end of May, Era Vanguard's holdings on Tesla had reached 26 million shares.
The initial 16.6 million shares were the bottom position of the position established last year, and the cost was firmly at 292.8 US Dollar.
The first Add Position was the moment of life and death when the stock price approached 178 Liquidation Threshold on May 9.
Era Vanguard bought 4 million shares at an average price of 181.5 US Dollar, costing about 726 million US Dollar, and brought the stock price back from the edge of the cliff.
Next, Add Position will continue until late May.
Short Sellers is gradually exhausted in the tug-of-war with Bulls and Bears near 200 US Dollar. Era Vanguard is sweeping goods in batches between 200 and 210 US Dollar.
A total of about 5.4 million shares were purchased, with an average price of about 205 US Dollar and a cost of about 1.107 billion US Dollar.
In total, the three times held a total of 26 million shares, the total cost was about 6.673 billion US Dollar, and the cumulative average cost was about 256.7 US Dollar.
At the end of May, the stock price of Tesla closed at 230 US Dollar, which has risen significantly from the previous desperate low.
Era Vanguard still has a floating loss of about 69 million on the book US Dollar--
But this money no longer matters to people who have just walked back from the edge of the cliff.
The first person to break this digital pattern was Elon Musk's own overseas phone call.
When he dialed Zhao Chen, Era Vanguard happened to submit Schedule 13D Amendment Filing after the market closed, pushing the shareholding to 26 million shares.
Elon Musk was not polite on the phone. He could see clearly that the accumulation of each reported figure corresponded to the subtle shift in his company's equity territory.
He said he hoped Zhao Chen would stop increasing its holdings - not to put pressure, but to draw a boundary where both parties feel safe.
Zhao Chen leaned back in his chair and accepted his suggestion after a moment of silence.
26 million shares are enough to carve a position on Shareholder Register of Tesla that will not be ignored.
It is also enough to make Short Sellers reconsider again when he wants to do it again.
As for Nvidia, Era Vanguard passed the review of Department of Justice without much consideration.
In May, the stock price of Nvidia was suppressed by double negative news.
Q1 Financial Report was released in the middle of the month. Net profit plummeted 68% year-on-year. Game business revenue continued to shrink, and the growth rate of Data Center was also lower than expected.
Immediately afterwards United States the Ministry of Commerce added Huawei to the export control entity list.
The entire chip sector took a collective dive, with Nvidia's stock price being tightly suppressed around 140 US Dollar.
Era Vanguard uses 1.6 billion principal plus 1.6 billion leverage, a total of 3.2 billion US Dollar.
If you enter the market in batches at this price, the comprehensive cost is about 140 US Dollar, and you buy about 22.85 million shares.
Including the previous 71.25 million shares, Nvidia's total holdings at the end of May were approximately 94.1 million shares, accounting for approximately 15.5% of Nvidia's total share capital.
The total investment is approximately 13.66 billion US Dollar, and the comprehensive weighted cost is further diluted from the previous approximately 146.8 US Dollar to approximately 145.2 US Dollar.
When Lin Shicheng reported this set of numbers to Zhao Chen, Zhao Chen leaned on the back of the sofa and slowly turned his fingers around the edge of the tea cup.
"That's enough. Tesla has 26 million shares and Nvidia has 94 million shares. The bottom positions of both lines are thick enough.
Let Short Sellers figure it out next - they want to smash Tesla, but we have Nvidia to support them;
They want to smash Nvidia, but we have the bottom warehouse of Tesla.
The cross-position's weakness is now the cross-position's armor."