Across the sea: I have a daily limit system

Seeing that Wan Long didn't speak, Pique continued to talk to everyone.

"Wandung is right, the transaction yesterday was a bit strange"

"Of course, I have also seen this, and I have also looked for some reasons. Just last night, I learned that GME has recently replaced a president in charge of the market. Many retail investors will definitely see an opportunity. This is simply wishful thinking. , the fundamentals of GME have not changed”

"So, I think, at present, it is just a good opportunity to make a big short sale"

After Pique finished speaking, he continued without waiting for everyone to speak:

"Yesterday, we have lost more than 2000 million US dollars"

"This is a great shame for us at Citron"

"We've never lost so badly"

"Would we be the laughing stock of Wall Street if we pulled out like this today?"

"Now that no institution on Wall Street has retreated, should we admit losses?"

"Right now, we just need to find enough stock to drive down GME's share price."

Peake said it.

The people present began to fall silent.

Ander, including the president, also didn't say a word.

He stared at the board for a few seconds.

At this time, the stock price of GME has reached 26 US dollars.

Last time, in order to short GME.

Citron borrowed 500 million shares from other Wall Street institutions.

According to the price of 10 US dollars.

Already a loss of $16 per share.

Including today's loss, it has already lost 8000 million US dollars.

There are only two ways to avoid continuing to lose money now.

First, buy back the 500 million shares and return them to Wall Street investment institutions.

In this way, then, Citron will bear a loss of 8000 million US dollars.

Second, continue to borrow shares to short GME.

Just hit the stock price back to its original price.

Wait until the market completely loses confidence in GME, and then buy it back at a price below $10.

In this way, not only can you get back your capital, but you can also earn money.
Everyone present was silent for a while.

Ender then said:

"So, now, please raise your hands to vote, if you agree to continue shorting, please raise your hands"

Ender looked at the crowd and said.

In fact, in his heart, he also agreed to short GME.

Because, this company, after all, does not have much investment value.

Besides, it is impossible for retail investors to buy more all the time.
Soon, everyone present basically raised their hands, except for Wan Long, who did not express his opinion or raise his hand.

Because most people have raised their hands.

Therefore, the motion to continue shorting was passed.

Now that the motion has been passed.

Next, is the topic of how to short.

Soon, someone brought up a new topic.

"Mr. Ander, at present, we have no GME stock in our hands."

"Short if necessary"

"So, how many shares do we have to borrow?"

Hearing this, Ender looked at Peake.

"Pique, your specialty is short selling"

"How many shares do you think we need to get back to $10 under the current circumstances?"

Hearing this, Pique cleared his throat.

This time, it's finally my turn to play.

"The total share capital of GME is around 7000 million shares"

"I think, as long as there is 30.00% of the shares"

"About 2000 million shares, I can hit the stock price to $10"

"Of course, the more the better"

"I can also lower the stock price"

It is different from the A-share market.

In US stocks, short selling is allowed.

This term is also very common in the US stock market.

Generally speaking, only institutions can short stocks.

Retail investors, that's not called shorting, that's called selling stocks.

Usually, Wall Street institutions, if they are bearish on a stock.

Then, they will be short.

So how exactly is it empty?

The simplest, most direct, and crudest method is to borrow shares.

Borrow from institutions that have stocks.

For example, the price of a stock is 10 yuan.

You want to short it.

Then, you can borrow [-] shares from the holding institution.

As long as you sell these 10 shares in the market, you can get [-] yuan immediately.

But you have to pay interest, if the agreed time is one month.

After one month, you not only have to pay the interest, but also have to return the [-] shares to them.

Wait until the agreed repayment time.

For example, the stock price reaches 5 yuan.

You then buy back the 5 shares at a cost of [-] yuan and return them to the other party.

Sell ​​this stock for 10 yuan and buy it back for 5 yuan.

In this way, if you don't count the interest, you can earn 5 yuan.

Conversely, if the price of this stock reaches 20 yuan.

You have to buy back the 20 shares at a cost of [-] and return them back.

10 sold stocks, 20 bought back.

In this way, you will lose 10.

This is the simplest and most direct shorting