YIKE stock price finally closed at $286.94 on Monday.
It was an orgy that lasted six and a half hours.
In particular, the most important parties came online in the last few dozen minutes, pushing this short-squeezing carnival to its peak.
In just six and a half hours, Yike's book market value increased to US$81.983 billion.
Last Friday, the number was $25.62 billion.
In just three days, the difference suddenly increased to US$56.363 billion.
This number is equivalent to one Nokia or one Taiwanese reporter or close to two Deyi.
And, its book-to-market value exceeds that of Amazon and Qualcomm.
With such a magical performance, one would either be dumbfounded, look at each other in confusion, burst into tears, or turn pale.
The Nasdaq closed, bringing the day's stock market performance to a close.
Many media in the mainland don’t know how to report this matter...
Yike started a short squeeze counterattack?
Wait! Hedge funds are crazy!
Is Yike’s market value soaring?
Wait! Yike’s market value has skyrocketed!
Mr. Fang deserves to be the richest man in the mainland?
Wait! Mr. Fang is now the richest man in the world!
According to last year's statistics, the world's richest man in 2008 was Buffett, with $62 billion. This year, due to the impact of the financial crisis, Forbes announced that the world's richest man was Bill Gates, with $40 billion.
At least Mr. Fang’s book wealth on this day has exceeded that of Gates!
A new world's richest man was magically born like this?
Mainland media have not written in this way for the time being. They were still shocked and did not know how to describe this incident, so they could only write about the situation as objectively as possible.
Similarly, many departments and leaders have been paying attention to Yike's situation since the weekend. When the market opened without wind or rain on Monday, they silently watched Yike's stock price rise...
"This, this, this... what are these?"
According to what Zheng Danrui from Shanghai City couldn't help but talk to Mr. Fang on the phone, a big leader happened to be in the local area and scratched his head in shock after seeing the stock market situation.
Yes, what are these?
How did this happen?
Is the SEC blind?
Has the U.S. financial sector failed?
Oh, it seems to have failed during last year's financial crisis.
"What a pity, Mr. Fang, it would be great if your shares could be liquidated." For the first time since they met, Zheng Danrui showed fluctuating emotions towards wealth.
After all, this is all book wealth. The United States’ regulations on major shareholders reducing their holdings allow Fang Zhuo to reduce his holdings by up to 2% through block transactions, followed by a six-month lock-in period.
After calculation, based on today's stock price, 2% is US$1.64 billion. Although it is still a lot, it seems to be very little again.
"Brother Zheng, you are quite brave to think about it." Fang Zhuo said with a smile.
Zheng Danrui said from the bottom of his heart: "No matter how much I dare to think about it, I never dare to think that Yike can perform like this today. Mr. Fang, you are really..."
He tried to describe it but gave up searching for the right words after a few seconds.
Running out of words!
Zheng Danrui calmed down for a while and asked about the resolution of the incident at hand. He knew that relevant senior officials from the United States had flown to Shanghai and it was impossible to allow the stock price to rise like this.
"It must be solved. It must be solved. It is also very easy. After all, there is a public short squeeze case." Fang Zhuo didn't know if Brother Zheng wanted to get the report information from him, so he said seriously, "Nasdaq's
The CEO has been here for two days, we have talked several times, and we also talked once with an SEC committee member."
"First of all, this matter is legal and compliant."
"Secondly, there may indeed be some degree of financial impact."
"Finally, Yike is willing to resolve this matter peacefully and will settle the 5% stock options."
5% is enough to cover the -4.9% run space caused by naked short selling and related financial derivatives.
Yike's short squeeze is already an unusual situation. Neither Nasdaq nor the SEC can allow so many options to be settled. However, there is still room for manipulation at this settlement time, which is based on the price of the day.
Today it is $286.94, but I don’t know what the price will be tomorrow.
In addition, according to Fang Zhuo's communication with Dabao, the 2% was calculated based on the price at 12 noon the next day, leaving Goldman Sachs at least half a day.
As for whether we can persist until the third day, it depends on the pressure from all parties.
The longer the time, the more benefits, but it is difficult to get to the fourth day or even complete the third day.
Tuesday morning was a relevant day for stocks that Fang Zhuo was trading in large quantities.
He plans to increase his presence, increase the confidence of retail investors, and let Goldman Sachs liquidate more funds for him, so as to better improve his life.
"Mr. Fang, my eyes have really been opened today." Zheng Danrui had an indescribable feeling when talking to the world's richest man, and sighed, "Last year, I only heard about the public short squeeze, but this year, people around me watched helplessly.
I have witnessed that, how many times can a person see such a thing in his life."
Financial markets are so magical!
Fang Zhuo calculated the time. The ITC said that the final ruling would be made by the end of this month. June at the latest, May as early as possible. It might really happen again. I don’t know how many times we will see each other in a lifetime. At the very least, we will see two in two or three months.
return.
However, the second time, he and Yi Ke both had to pretend to be dead, surprised and overjoyed by the final overthrow.
Regardless of whether others believe it or not, this is how it is.
"Brother Zheng, after all, I don't want this to happen." Fang Zhuo said gently, "It's just a precaution."
Zheng Danrui didn't believe it at all. Others didn't know Mr. Fang, but he still knew something about it.
With such prevention, will there be some temptation?
What happened to the public opinion war with the heads of hedge funds abroad?
Is it a case of acting together, bringing people in, and then splitting the accounts?
What's the name of that boss? Oh yes, Paulson.
Zheng Danrui suspected that there were countless unexplainable things going on here. Mr. Fang was too shady!
He ended the phone call with a sigh: "Mr. Fang, please stop calling me brother. From now on I will call you brother. You are... so amazing!"
Fang Zhuo laughed loudly: "Brother Zheng, you can't do it, you can't do it."
However, listening to Brother Zheng's tone, he felt that this matter was rather... subtle. It's no wonder that foreign media published a series of articles angrily criticizing it.
It was still evening in the Eastern Time of the United States, and just after a death curse pushed up Yike's stock price, the Wall Street Journal, which had previously been labeled a "scammer," posted seven updates in a row on Twitter.
Rage and criticism.
"Today we witnessed a horrific tragedy!"
"This is the flaw of the system, the inaction of supervision, and Fang Zhuo's long-term plan. Together, they murdered many ordinary investors!"
"Fang Zhuo is the murderer!"
After becoming a "scammer", the head of Yike once again became a "murderer".
Fang Zhuo is not sure which company is behind this, but he thinks it is still necessary to provide some clarification. It is also to prove his existence to the "ordinary investors" described by the Wall Street Journal, and to prepare for the continued push up of the stock price tomorrow morning.
Prepare.
He first reposted the accusation that "Fang Zhuo is the murderer", and then @this well-known media and asked in return.
“Who was the first to short Yike?”
"Who wouldn't listen to my advice?"
"Who is greedy and maliciously harvests real enterprises?"
“How is the squeeze space formed?”
"From Lehman to Volkswagen to Yike, they obviously only have 100% of the shares. How can there be 105% in the financial market?"
"Naked short selling, high-frequency trading, pink sheets, dark pools, where do these come from?"
"Yike turned out to be a murderer in order to protect himself. This is simply the biggest joke in the world!"
"In the world of crows, swans are also guilty!"
Fang Zhuo was very angry.
At the very least, he was very angry on Twitter.
He angrily criticized the Wall Street Journal, and then tweeted: "Where are the quotes? Send them all for Wall Street to see."
With such a sentence, "President Fang's Quotations" reappeared in the world.
——Ahead of you is an abyss.
- Greed is a sin.
——Don’t short Yike.
Quotes that were originally derogatory have taken a turn due to changes in circumstances.
Mr. Fang has told you a long time ago!
Is there an abyss ahead? Where is Paulson? Paulson, come out quickly, @Paulson!
Is greed a sin? Are those who sell naked and increase leverage now committing suicide out of fear of sin?
I told you not to short Yike, you must do it!
Fang Zhuo was furious, but he did not mention that the Wall Street Journal had received any money from him. Similarly, the other party also obviously exercised restraint and did not mention it.
However, they are all collecting money. Bloomberg guides retail investors to issue tickets and they will issue tickets. He does not engage in personal attacks!
You, the Wall Street Journal, have made the atmosphere so bad, will you still be unable to get along with each other in the future?
Fang Zhuo's kind advice seemed to have results, but the other party did not respond.
As for the reminders in the comments "Mr. Fang, you seem to have shorted Lehman too", they were quickly drowned out.
Fang Zhuo, the person involved, appears on Twitter with great intensity, which makes the majority of retail investors and the masses extremely excited and agitated.
Many people were just calculating Yike's market value and Mr. Fang's book wealth. In the blink of an eye, the world's richest man came to Twitter. This news even directly attracted a large number of new users to join.
"Mr. Fang, the stocks in my hand have not been sold. Can they be sold tomorrow?"
"Mr. Fang, I bought YIKE for 200,000 US dollars and sold it for 500,000 US dollars. It may go up further, but I am already satisfied. Thank you."
"Stop the short sellers, Mr. Fang, hold on!"
"Don't believe what the media says, Mr. Fang. Ordinary investors have absolutely no losses at all. Kill the institutions!!"
"Mr. Fang, you are the king of retail investors!"
Fang Zhuo browsed many updates and did not reply to questions about stocks. He just liked and thanked himself.
After patrolling on Twitter for a while, an industry insider from an unknown organization exposed the name of "that person" and talked about how many organizations now have a change of heart and avoid using the name.
As soon as this news broke, the atmosphere on Twitter became even more heated and cheerful.
No wonder Mr. Fang suddenly cast the Unforgivable Curse, it turned out to be a mysterious person!
The serious and tense financial showdown suddenly went awry on the Internet.
——The crew of "Harry Potter" paid attention to Fang Zhuo.
——"The Times": A mysterious man descends into the three-dimensional world and kills all the bears with a brutal life-killing curse!
——A well-known director was invited to adapt the Yike Short Squeeze Case, and Mr. Fang said that he would challenge to play Paulson.
The "Wall Street Journal" has lost its voice, the melon-eaters are trying their best to have fun, the retail investors are making false claims and forming a group, and industry insiders are breaking the news... Everything seems to be another reflection of YIKE's Monday carnival on the Internet.
Such a noisy scene finally forced some warriors out.
One of them introduced himself on Twitter as Jason, a senior manager at GLG Partners, a well-known American hedge fund. He was very dissatisfied with this kind of contempt from ordinary investors, and was also very dissatisfied with the trembling institutions and taboo names.
He didn't short Yike, he was just a spectator this time, and he always felt like his reputation had been affected inexplicably.
Jason updated Twitter very bluntly, mocking retail investors: What kind of king of retail investors? Wake up, Yike is a big institution, and this is a showdown between institutions.
He went on to post a second post: What kind of mysterious person, so what if I just say the name "Fang Zhuo"? Also Avada Kedavra, has Fang Zhuo watched too much "Harry Potter"? Yi Ke
The stock price will eventually return to normal. Has the ITC ruling been resolved? Fang Zhuo, have you resolved it? Why did you escape from the United States? Are you afraid of the SEC investigation?
Fang Zhuo didn't see the fund manager's first tweet, but was reminded of the new @ by Twitter, and happened to see the second one.
Well, it doesn’t matter that the king of retail investors is not the king, so why use such a colorful word as “escape”?
Fang Zhuo ended the like action and briefly checked Jason's GLG fund. He was also a well-known hedger and engaged in short selling. It seemed that he did not short Yike this time.
However, GLG has regular short positions on other companies.
He reposted Jason’s updates and asked: Hi, Jason, can you tell me why GLG is shorting Jinrui? Can you tell the Wall Street Journal about the logic of naked short selling by the fund?
Now that the newly appointed world's richest man, who has attracted a lot of attention, reprinted it, the short-selling institution GLG came into the attention of many excited retail investors.
Another short-selling institution? Another company brutally murdered?
Jinrui Company? What does it do? What business does it engage in? Never mind.
Excited retail investors frantically poured into Nasdaq after-hours trading.
On April 20, Nasdaq-listed Jinrui Corporation closed at US$34.68. After the market closed, its stock price rose by more than 29% to US$44.74.
GLG Fund is specifically shorting Jinrui Company and is confident that there are problems with this company's business.
However, the sudden influx of retail investors grouping together suddenly boosted the stock price after the market closed.
Jason watched all this happen within half an hour and was dumbfounded.
What's going on? Why did the fire start at the door of my house just by saying a few words?
This... these people are crazy! Completely crazy!
Retail investors, the king of retail investors...
A mysterious man from a large institution disguised as the "King of Retail Investors"...
Jason was uneasy and immediately felt the expressions of his colleagues change upon hearing this. That person, that person was standing at the door!
"Jason, delete it quickly. What are you doing? Even if it is true, you can't say it. Please log out of your account and pray that he will forget about it before the market opens tomorrow."
Jason received a private message in panic and immediately accepted the order, deleting the content first and then deactivating the account.
Stay away from that person, stay away from the king of retail investors!
This chapter has been completed!