Reinventing the Millennium

It rose after the market opened in the evening and rose before the market opened in the morning.

YIKE stock is changing.

Just as Paulson sensed the danger, several hedge funds affiliated with large institutions involved in short selling have increased their vigilance and conducted demonstration analysis and reports. One of them is the grouping of retail investors.

Mr. Fang’s influence on Twitter has been demonstrated before, and it was expected that retail investors would be attracted this time, but the movement was too big.

What was not expected was the sudden appearance of the Freetrade trading software. It didn't even have a web page, it was just an Android application, but its appearance undoubtedly provided a simple channel for retail investors.

Almost overnight, Freetrade became popular relying on Twitter, Facebook, Android store applications, and Yike's full series of push.

Just looking at its communication community groups, excited emotional expressions can be refreshed every once in a while, as well as real-time statistics on YIKE's stock price and earnings.

It is difficult for organizations to assess how many users this software has, and they also suspect that the data contained therein is falsified. A large part of it is filled with meaningless excitement or hatred, and neither company data nor value analysis is discussed.

In short, Goldman Sachs and Bridgewater have urged the SEC to conduct a compliance review of Freetrade. How did a platform that was obviously well prepared obtain qualifications? Is there another behind-the-scenes deal with Yike? Is there a lack of supervision over the influx of users?

Just before the market opened on Tuesday, Philippe, a vice president who had blooded twice for Goldman Sachs last month, got reports on Yike's after-hours and pre-market trading.

The newspaper in front of Philip was the "Wall Street Journal", which was still reporting on Yike's plunge yesterday. Unexpectedly, today hedge funds were analyzing why Yike had risen again.

"Yike actually spends real money on stock repurchases. The money lent by this party is all earned from us. It's quite closed."

"Supported by multiple good news, AT\u0026T's cooperation, the Korean market, well, isn't the Korean market very small?"

"It is suspected that there are other funds to fish in troubled waters."

"Oh yes, there are also retail investors."

Philip is the executive vice president of Goldman Sachs and is not responsible for hedge funds or other matters in this area. He only intervened this time after hearing that YIKE's stock price rebounded. However, judging from the report, YIKE's stock price is not a big problem.

Even if it rises back before the market opens, it won't be as much as yesterday.

As for retail investors, it is better to solve it. If the market is shaken a few times, it will naturally become a problem.

Philip read the report a second time as a habit, and then commented with a smile: "Mr. Fang is quite interesting. You want to punish Yike, and he in turn wants to use Yike to punish you."

He left the report and said to the fund manager Nadson who came to report: "Let people find the Joseph who founded the website. Also, don't let the T-shirt seller go to the talk show. You will make Mr. Fang struggling Let me prune the branches."

Nadson nodded, this is what he has to do today.

These things that have popped up one by one in recent days may be related to Mr. Fang. If they can appear one by one, they can be pressed down one by one.

Phillip chatted casually for a few more words and asked Nadson to leave before starting to deal with his work.

Goldman Sachs needs to adjust its positions in the Asia-Pacific region, and there will be an important meeting tomorrow to discuss the development of new businesses. This is much more important than Yike, who is stubbornly resisting.

Philip felt that time passed quickly while thinking and communicating on the phone.

When the work was almost done, it was already 11:30 noon. He made an appointment for an afternoon meeting. When he saw the report on the table, he suddenly wanted to take a look at Yike's stock price, so he turned on the computer and did a quick check.

YIKE, $149.25.

Phillip was stunned and refreshed the page. Sure enough, it was not 149.25, but now it was 150.03 US dollars!

He touched his chin, feeling something he didn't know how to express.

Philip used concise language to inform Nadson on the phone to come see him again.

Soon, Nadson, who was in charge of a hedge fund, showed up at the office.

Phillip pointed to the computer screen: "Say."

"Yike became more active after the market opened. We used funds to plow down the price, and it once fell to 130 US dollars. However, the attitude of retail investors seemed to be very determined. Mr. Fang opened a YouTube channel to watch the "Harry Potter" movie. The live broadcast attracted hundreds of thousands of viewers for some reason.”

"More people seem to be rushing in to buy Yike shares, which together is pushing up the stock price."

Nadson recounted the morning's process as simply as possible. It was smashed, but not completely smashed, and it went up again. This group of people seemed not to know what the authority of ITC was.

While the two were talking, the price of YIKE jumped to $151.

Phillip suddenly had a bad feeling and asked: "You just watched Yike's stock price rise like this? What have you done?"

Nadson replied: "The media's analysis of Yike on Twitter has encountered widespread opposition. We are planning to contact several companies in the afternoon to bring down the price. The SEC has accepted our report on Freetrade. Joseph is in Washington. Looking for him."

He held it in for a few seconds and then added: "We reported to YouTube that Mr. Fang does not have the film copyright, and the website has accepted it."

Phillip stared at Nadson and rubbed his face, feeling that the forehead injured last time was aching again.

He sighed: "You are not punishing Yike, you are punishing me!"

When did it become impossible for even retail investors to handle it?

The media is being attacked on Twitter, and there are all kinds of emotions on Twitter, so just shut down Twitter.

And what about the Go die website? Where is its server?

Philip believes in making complex things simple.

Mr. Fang is far away in China. Even if he has resources and connections here, it is easy to exert pressure.

He knows that Mr. Fang has an investment in Twitter, but this will not become a fortress for Twitter to protect him.

Philip once again gave instructions on what Nadson could do, then canceled the meeting scheduled for the afternoon and began to sit in the office and make phone calls.

At two o'clock in the afternoon, Yike's stock price was hovering at $155. Twitter suddenly announced that it needed to upgrade its servers and would suspend access for the next 48 hours.

Just ten minutes later, the Go die website suffered a hacker attack and the service was interrupted.

At 2:30, the SEC approved the formal investigation of Freetrade and will review the compliance and security of this new mobile Internet trading platform.

Joseph has not been found for the time being, but his website is down and Twitter cannot be logged in, so it will not function for the time being.

Similarly, Smith, the bankrupt manager who relied on the Internet to start his second business, and people like him who were active in this market have also lost their voice channels.

From Philip's observation, some people seem to have moved to Facebook, but the atmosphere is not as intense as on Twitter.

Affected by these circumstances, YIKE's stock price fell as expected due to the financial smash-up, falling from 155 US dollars to 140 US dollars, almost giving up today's opening gains.

Philip believes that he has given Mr. Fang the greatest respect and attention. This is due to the vigilance brought about by the encounter last month.

So, here we go, the bubble should be popped.

Retail investors have never been reliable.

Give me all the money you took from me.

Philip is in a good mood. The money that Goldman Sachs did not earn in the last round will finally be made up this time.

However, just as he was about to get off work, YIKE's stock price actually rose again.

"Philip, more retail investors seem to be rushing in via YouTube and Facebook!"

"Mr. Fang listed many institutions that closed down last month in the live broadcast room, and read out the information about Smith being warned, the tweets and website changes since two o'clock. Many people are downloading Freetrade, which uses Amazon For cloud services, we are still negotiating with Amazon.”

Phillip frowned when he heard this. Mr. Fang was such a nuisance that we really couldn't leave him any channel to speak out.

He hung up the phone and started looking for the numbers of Schmidt at Google, Zuckerberg at Facebook, and Bezos at Amazon.

However, whether it is Schmidt, Zuckerberg or Bezos, they all happily rejected the request from Goldman Sachs.

Just when Philip was surprised, at 3:30, Twitter and Go Die resumed operations at the same time.

Twitter official: The server upgrade took less time than expected and access has been restored.

Go die: Kill the organization, we are still here! ! !

Philip noticed the resistance behind the scenes and immediately realized that this was not just a matter of Yike's company.

While contacting the Supreme Emperor Henry Paulson, he lamented that the network cable was not easy to unplug and the server was not easy to shut down. He still needed someone with more weight to act as a lobbyist. Counting this, this was the third time Henry had to deal with Mr. Fang. thing.

Philip gave a concise report after the call was connected.

Immediately, he patiently waited for YIKE's next round of decline.

Half an hour is enough!

Half an hour is enough for YIKE to rise back to 150 and break through 160...

There was no reply from the Emperor, and Philip watched helplessly as Yike's stock price entered a stage of retaliatory rebound and skyrocketing.

In just half an hour, Yike’s stock price soared 14.28%!

At 4 o'clock in the afternoon, Yike's stock price closed at US$162.79, a 38.7% increase from yesterday's closing price of US$117.36, becoming a beautiful scenery on Nasdaq today.

Phillip felt a dull pain in his forehead again.

He sat in the office and continued to wait for Henry's call.

Then I watched helplessly as Yike continued to rise after the market opened...

what happened? Why is it still rising? How many retail investors are there?

The phone on the table rang.

Philip hurriedly reached for it, only to find that it belonged to the hedge fund Nadson.

"Philip, I heard that some of the small and medium-sized institutions that had withdrawn before ended up going long!"

Phillip was stunned: "How, how dare they!"

Nadson said: "I heard that because Twitter and Go die are back in operation, some people want to take a gamble."

A large organization suddenly becomes weak in the middle of its efforts. What is going on?

It's still mid-May, and people can't help but think back to Yike's crazy market last month. How many times the profits were!

Can Goldman Sachs work? Is Bridgewater OK? Is Carlyle OK? Is it okay to do it?

I thought it would work, but it doesn't seem to work that well.

Give it a try, don't be so crazy, it's okay to go if you gain 2 or 3 points.

Yike's stock price is rising, and hedge funds owned by large institutions are beginning to come under pressure.

From 4 to 7 o'clock, Philip sat in the office for three full hours, keeping an eye on the changes in Yike's stock price.

It is really, really one of those rare stocks that silently and steadily rises even after the market opens!

YIKE is so progressive.

Finally, Philip received a call back from King Henry Paulson.

"Market problems should be solved using market means."

Philip took a breath, and there was a kind of reluctant market method.

He said hurriedly: "Henry, there is already a kind of populist emotional catharsis on Twitter. This is not a market problem or even a financial problem! We cannot allow this situation to spread! There will be serious consequences!"

It's not a market or financial issue, the source of this emotion... Philip knows exactly what's going on. This is just a substantial short-squeezing profit that Fang Zhuo guided to Yike.

Irrational emotions are the key, and other serial platforms and trading software provided assist and amplify this emotion.

Emotions are often short-lasting, but the skyrocketing stock prices mixed with naked interests are strongly glued together, and they may become durable.

Henry was silent for a while and asked: "Can it be more serious than last time?"

The last time it was run on, it was a stampede between institutions.

This time I was just squeezed out by a group... In principle, it was not as serious as last time.

Philip swallowed and said, "It's also very serious. Some stock options carry leverage pressure."

Henry said on the phone: "Today is over. I will fly to Washington again in the evening. You try to resolve this matter properly now. Maybe you can fly to Shanghai again."

Philip: "..."

He opened his mouth and replied with some difficulty: "Okay."

Today is over, with only one hour left before after-hours trading.

Philip put down his phone and looked at YIKE on the screen with some confusion.

However, the last hour is not over yet for YIKE.

What’s the scariest thing about short-squeezing? It really works, it really hurts institutions, it really attracts more and more retail investors and even institutions to join it.

During the after-hours trading period from 4 pm to 8 pm, YIKE stock was different from yesterday’s gentleness. It used a populist tyranny to tell the institutions and funds shorting Yike this time that your grandpa Yike is back. !

At 8 o'clock, Yike's stock price reached US$184.13, soaring 11.27% after the market closed.

Phillip closed the computer and picked up the phone, his head already a little dazed.

No, no, not quite right.

This market change is irrational and unconventional, but it also has a strangely familiar feeling.

Although in literal terms, compared with the $141 before yesterday's opening, Yike's today's price of 184 has only increased by $43, which is far less severe than the panic-like stampede increase caused by the last short squeeze.

However, the fanatical snowballing revenge of retail investors revealed in this process of decline, counterattack, fall again, and strike again sent shivers down Philip's spine.

Last month, Mr. Fang could calm down the entire incident as long as he settled the options, allowing large institutions to profit from it.

This month, could it be that with one word from Mr. Fang, these crazy retail investors will no longer stick together? Will they let go easily after the first taste of blood? Can big institutions avoid losses?

Phillip was sitting in the car, and a thought suddenly came to his mind. Mr. Fang had blackmailed retail investors, and who had blackmailed Mr. Fang?

The car rushed to the airport, where the private plane was already waiting to take off.

Mr. Fang, all encounters in this world are reunions after a long absence.

I, Philip, come to beg you again...