Lin Shicheng switches to WallStreetBets Forum.
The posts on the homepage are refreshed so fast that they are almost invisible.
The pinned post at the top was posted by DFV at 10am--
"Citron suspended Short Selling. Not because they think GME is valuable.
It's because they would lose too much if they closed the position at 200 yuan."
The first reply under the post was, "When Left was on CNBC, his hands were shaking. I took a screenshot."
The second reply is:
"Citron Short Selling GME's average cost was twenty yuan. Now it's two hundred and twenty. They lost two hundred yuan per share.
Their total Short Position is six million shares, and their floating loss is 1.2 billion US Dollar. It is impossible for them to close their positions. To close their positions is to die."
The third reply is:
"Era Vanguard made twice as much money again. Now it's two hundred and two. They made more than twenty times.
They didn't sell. They stood with us."
Lin Shicheng close the forum, pick up the phone and call Zhao Chen."
Two hundred and twenty. The first batch is sold out. Do you want to speed up?"
"No need. Go as planned. We will sell the second batch tomorrow. Just watch it for the rest of the day."
"Understood."
At 12 noon, GME quoted 223 yuan, and Trading Volume exceeded 150 million shares.
Lin Shicheng asked the trader to buy lunch.
He sat in front of the screen, eating salad and reading reports from major media.
CNBC's headline is "Victory for Retail Investors";
The title of Bloomberg is "The Shame of Wall Street";
The title of "The Wall Street Journal" is
"GameStop Short Squeeze Incident: A War with No Winners".
Lin Shicheng laughed when he saw the last title.
No winner? Now two hundred and twenty-three, Era Vanguard is one of the biggest winners.
This is already a big victory.
At 2 p. m., GME hit $228.
The proportion of Short Selling dropped from 48% yesterday to 41%.
Melvin's position dropped from less than three million shares to less than one million shares.
Point72 dropped from 8 million to 5 million.
Citadel dropped from 6 million to 3 million.
"Short Sellers can't bear it anymore." Chen Mo said leisurely.
"Without strong capital, no one can carry it."
Lin Shicheng stared at the screen,
"Now it is no longer running away, but a stampede. Whoever runs first will lose less. Whoever runs last will die."
At 3:45 pm, GME fell back from 228 to 218, then rebounded to 225.
At three fifty-eight, the closing price was fixed at two hundred and twenty-four six yuan.
Trading Volume--Two Hundred Million 40 million shares throughout the day.
Lin Shicheng leaned on the back of the chair and sent the last text message of the day to Zhao Chen:
"The closing price was two hundred and twenty-four six. Trading Volume Two Hundred Million forty million.
Short Selling The proportion dropped to 41%.
The first batch of 500,000 shares was sold at an average price of 208. The remaining Common Stock 4.4 million shares."
Zhao Chen's reply came after five minutes:
"Did you watch Left's CNBC video today?"
"Looked at it."
"His hands were shaking. He may not have realized it, but the camera caught it."
Lin Shicheng thought about it for a moment - when Left answered the question "Have you closed your position?", his right hand did tremble slightly.
"He's scared."
The second text message from Zhao Chen followed,
"What Short Sellers fears most is not that the stock price rises. It is that when the stock price rises, they find that they have no way out.
Left is in this state now. He will close the position at the highest point. Wait and see."
At seven o'clock in the evening, Lin Shicheng left the office.
He was walking on Broadway Avenue, and his phone vibrated - it was a message from Shen Zhiyi.
She stayed at New York for two weeks, responsible for supervising the compliance traces of GME transactions, and just returned to Shan City today.
""Xinwen Lianbo" was on GME today."
Shen Zhiyi said,
"International news section, thirty seconds. The title is 'United States retail investors gather together Short Squeeze Wall Street institutions'."
Lin Shicheng was stunned for a moment. ""Xinwen Lianbo"?"
"Yes. All-attribute news. GME's current attention is no longer Financial News, but social news. Taxi drivers are talking about it."
"Zhao Zong Did you see it?"
"I saw it. He laughed on the phone and then said something."
"What?"
"He said, 'Left will close the position this week.
It's not because he wants to settle, it's because his prime broker will force him to settle.'"
Lin Shicheng was silent for two seconds. "What do you think?"
Shen Zhiyi paused there.
"I think Zhao Chen is right. Left and Short Position are at two hundred yuan, and the deposit is no longer enough.
His prime broker will give him two more days at most. If GME continues to rise, he will be Forced Liquidation."
"That will be tomorrow or the day after tomorrow."
"Yes. Tomorrow or the day after tomorrow."
Lin Shicheng hung up the phone and stood on the street corner of Broadway Avenue.
New York The winter night is very cold, but the flow of people on the street is still dense.
He saw two young men walking by wearing red GME T-shirts. One of them said to the other:
"Have you watched CNBC? Left's expression made me laugh to death."
Another said, "He's screwed. Citron is screwed. All Short Selling GME people are screwed."
Lin Shicheng watched them walking away, and suddenly remembered what Zhao Chen said in December last year--
"Short Sellers was not defeated by the bulls. Short Sellers was defeated by his own greed.
When they were at fifty yuan, they thought it would drop to forty.
When I was forty, I thought I would drop to thirty.
They are always waiting for lower prices.
When the stock price rose to 200, they found that they had no way out."
He put away his cell phone and walked into the subway station.
The wind from the train coming into the station blew up the hem of his coat.
He remembered that there would be a second batch to sell tomorrow,
Thinking of Left's trembling hands,
Thinking of the thirty seconds of "Xinwen Lianbo",
Thinking of those two young men in red T-shirts.
He closed his eyes.
There will be a tough battle tomorrow.
But the outcome of this battle has already been written - Short Sellers will trample himself to death.