"Citron's report has been digested by the market.
Left said GME is worth five US Dollar, and retail investors did not run away.
DFV's live replay was liked over and over again on WallStreetBets Forum, and Ryan Cohen's tweets all had 'Hold the line' underneath.
Now that Era Vanguard's 13G has been declared, the mood of retail investors has changed from resistance to offense."
A person turned the phone screen over, and it showed the real-time sentiment indicator of WallStreetBets Forum - Extreme Greed.
"Retail investors are having a party. They are waiting for us to liquidate our positions."
"Where's Melvin Capital?"
"They closed about two million shares of Short Position within twenty minutes of the opening.
The average purchase price is between 14 yuan and 16 yuan.
There are about 30 million shares of Short Position remaining.
If the stock price continues to rise, Melvin's insurance call line will be broken down near $22."
White-Haired Old Man was silent for a long time.
He picked up the 13G declaration document on Bloomberg Terminal and turned to the last page.
There is a line of small words below Era Vanguard's signature--
"The position logic is based on independent judgments based on public data, and the market price fails to reflect the true value of GameStop.
This fund does not seek to change the company Control, does not seek Board of Directors Seat, and does not interfere with the company's business decisions.
The Fund will hold GameStop shares as a long-term Strategic Investment investor."
He put the documents down and leaned back in his chair.
"Seven percent. They have three points left.
They will hit the last three points when we are most uncomfortable.
When we start to close the position, when the stock price is pushed to the highest point by our Buying Pressure,
They will use the last three points of bullets to penetrate the last wave of bears."
On WallStreetBets Forum, DFV published a new post at 2 p. m.
This time he did not send a screenshot of his position, only a paragraph--
"Era Vanguard is here. They did the same thing with Tesla.
They are not retail investors, but they are doing the same thing as retail investors - holding the chips and not selling them, waiting for Short Sellers to trample themselves to death.
We don't need to do anything special today. Just do what we've always done - hold the chips and don't sell."
Ten minutes after the post was posted, the number of replies exceeded 5,000.
The most liked reply has only one line -
"Hold the line. Era Vanguard stands with us."
But DFV's post is just the beginning.
In the first hour after the post was posted, WallStreetBets Forum's GME Discussion Board seemed to have been lit.
A new post title was repeatedly pushed to the top of the homepage--
"Era Vanguard did beautiful Short Squeeze in Tesla.
Now they come GME. Do you know what that means?"
The text of the post is a screenshot of Era Vanguard's position record on Tesla.
The timeline stretches from 2018 to 2019, marking the price range of each increase in holdings and the corresponding Short Sellers liquidation event.
There is a paragraph at the end of the text--
"Era Vanguard took the initiative to enter the game this time. If there is no profit, he will not leave.
They did it once on Tesla, now it's GME's turn."
The number of replies to this post exceeded 10,000 within twenty minutes.
Someone posted the position record of Era Vanguard on Nvidia in the reply.
In the reply, someone calculated the average cost of GME Short Sellers and the current floating loss scale.
Someone put side-by-side screenshots of Era Vanguard's 13G declaration document and Citron's Short Selling report together, with only two words in the accompanying text - "Slap in the face."
Immediately afterwards, a new popular post appeared with the title--
"Era Vanguard bought 4.9 million shares at 9 to 20 yuan. What was your cost?"
There is only a simple vote in the body of the post--
In what range is your GME holding cost?
The options were divided into six categories from "less than five yuan" to "more than twenty yuan". Within half an hour after the voting was launched, more than 20,000 people participated in the voting.
The results show that more than 40% of retail investors have a position cost of less than ten yuan - highly coincident with the position opening range of Era Vanguard.
"They're paying the same price as us."
One of the top replies read,
"They are not here to cut us, they are here to wait with us until Short Sellers tramples us to death."
Another reply was more direct--
"I almost had an incision when it was 16 yuan. Citron said GME was worth 5 yuan, and I didn't sleep all night.
But DFV didn't run, and now Era Vanguard doesn't run either.
They bought 4.9 million shares. Why should we run away?"
By three o'clock in the afternoon, WallStreetBets Forum's GME Discussion Board had completely turned into an online gathering.
Someone posted a screenshot of his transaction of Add Position today, with the text "Follow Era Vanguard and admit it when you are wrong."
Someone organized the history of Era Vanguard in Tesla Short Squeeze Greenlight Capital into a timeline, marked every key node, and finally wrote a sentence--
"This time we are not retail investors fighting against Wall Street, we are fighting against Wall Street together with Era Vanguard."
Someone else posted a screenshot of CNBC's live broadcast, in which the host was reading the summary of the 13G application documents, and the barrage was full of "Hold the line" and "Era Vanguard awesome".
GME's stock price hit its highest point of the day at 22.8 cents at 2:30 p. m., and then fluctuated violently at the high level.
Short Sellers concentrated its efforts around 22 yuan, trying to push the stock price back, but every time it dropped, it was caught by a larger amount of Buying Pressure.
At the close, GME was trading at 21.50 cents, an increase of more than 130% throughout the day.
Trading Volume exceeded 80 million shares of Two Hundred Million, which is more than twenty times the daily average Trading Volume.
Short Selling The proportion dropped from more than 95% to about 87%--
Short Sellers closed some of its positions during the session, but most of Short Sellers was still holding on.
Short Selling Interest rates have skyrocketed to a record high.
Zhao Chen called Lin Shicheng and Shen Zhiyi to the conference table after the market closed.
The closing data on Bloomberg Terminal is still on - GME twenty-one and a half, Trading Volume Two Hundred Million eighty million shares, Short Selling ratio eighty-seven percent.
"The 13G declaration has been submitted, and the position card is at 7.03%.
Why is it seven percent - because more than ten percent will trigger Short-Swing Profit Recapture Provision in Section 16(b).
For any reverse transactions within six months, all profits will belong to GME.
If Short Squeeze reaches more than 30 yuan in January and then reduces the holding, all profits will be confiscated.
Therefore, our position limit is 9.99%, leaving a buffer of 0.01 points.
The space of three points is reserved for the follow-up Add Position.
The 7% disclosure allows the market to see our name, and the remaining three points make Short Sellers unable to sleep."
Zhao Chen Open the exposure monitoring report,
"Zhiyi, starting tomorrow, the frequency of exposure monitoring will be changed from once a day to twice a day - once after the market opens and once after the market closes.
The daily buying rhythm maintains five to eight percent of the daily average Trading Volume until the exposure hits 9.92 percent.
If Options Delta passive inflation causes the total exposure to exceed 9.95 percent,
The same amount of Common Stock was sold in the first hour after the opening of the second trading day, bringing the exposure back to below 9.9%."
Shen Zhiyi Open the legal memorandum.
"If the reduction limit of 9.99% is exceeded, I will write it into the exposure monitoring process.
Once the position exceeds 10%, Section 16 will lock all exit routes, and the profits of the entire transaction will be returned to the public. This red line must be held."
Lin Shicheng closed the exposure monitoring report and added a sentence.
"Zhao Zong, today's Trading Volume is Two Hundred Million's 80 million shares, Short Sellers has flattened part of it, but most of it is still holding on.
DFV posted a post, and retail investor sentiment returned from panic to greed.
Today's stock price rose from 9.2 yuan to 21.5 yuan.
But this is only the first day. There are three spots left, enough for us to buy in early February."
Short Selling institutions are holding a meeting overnight, retail investors are celebrating, and the media is watching.
And Era Vanguard's 13G declaration document is quietly lying in the SEC's EDGAR System, and the position number is accurately controlled at 7.03%--
A number that is enough to make Short Sellers panic, a number that leaves room for the subsequent Add Position, and a number that will not be locked by Section 16.