After My Life Reset, I'm On Top of The World

Chapter 291 Let's Occupy Wall Street Again

In the bedroom, Wei Ziqi didn't turn on the light, he just sat in front of the laptop with a glass of soda.

In the dark bedroom, only the screen of the laptop shone dimly, making Wei Ziqi's face looming in the darkness, giving a sense of awe and deepness.

Among the software on Wei Ziqi's computer screen, there are several windows all over the monitor, and these people are all members of the trading team far away in the United States.

"Mr. Wei, good evening."

The leader of the team, Fan Hongyi, greeted respectfully, and the other team members sat upright, extremely serious, without the escape from the previous chat.

In front of the boss, of course no one dares to stand alone, that will only make the boss distrust you, so stability is the most important thing.

"Well, it should be noon on your side."

The time difference between Xia and the United States is nearly twelve hours. Now Wei Ziqi is close to midnight here, and it is naturally noon in the Western Hemisphere.

"Is everything arranged for "Five Three Zeros"?"

Wei Ziqi leaned on the back of the chair, and he asked slowly.

"Yes, Mr. Wei, everything has been arranged here. You have already helped us solve our daily life problems. If this has not been arranged, it will be too much betrayal of your trust in us."

Fan Hongyi laughed and said flatteringly.

Wei Ziqi was noncommittal, he nodded and said, "...Let's report the situation on your side."

"Yes, President Wei!"

Fan Hongyi responded, then looked beside him.

Another member of the team immediately answered: "...Mr. Wei, according to your request, we have thoroughly investigated the company gamestop."

"...I'll refer to the company as GME next."

"GME was founded in 1984 and is the largest game retail giant in the United States and the world, of course, before the Internet developed to the size it is today."

"...With the development of the Internet and the development of online shopping, the decline of physical game retail stores is an inevitable result."

"GME's stock price has been depressed for a long time, and it is only one step away from delisting."

"...But since Ryan Cohen joined the board of directors of this company, because of this person's successful investment experience in CHEWT and Apple, investors have become more confident, and the stock price has started to rise sharply."

"However, whether it is our survey or Wall Street, it is believed that this is the irrational investment of retail investors. Those retail investors only see Ryan, but ignore the current fundamentals of GME."

“…Led by the two Wall Street investors Melvin.capital (Melvin) and Xiang Rafter, many investment institutions are shorting the company’s stock.”

"Before, GME's stock price was basically maintained at around $20. Since many institutions on Wall Street have been shorted, the company's stock price is falling."

"...It seems that retail investors are not all fools. They know that under the impact of Internet development and online games, the game sales in offline stores will inevitably decline."

The team members quickly briefed Wei Ziqi about the current situation.

"What is the total number of shares in this company?"

Wei Ziqi put a hand on his chin and asked again.

"There are 78 million shares in total, Mr. Wei."

"Now its stock price is $18, which means the total market capitalization is around $1.4 billion?"

"Yes, Mr. Wei."

Wei Ziqi nodded lightly when he heard the words. He rubbed his chin with one hand and thought. Others didn't dare to disturb Wei Ziqi, they all waited quietly.

After thinking about it for about five minutes, Wei Ziqi said, "...Manager Fan."

"Mr. Wei, say it."

Fan Hongyi, who was mentioned by Wei Ziqi, spoke quickly.

"I'll give you $100 million in available funds, and the current price is still too high. Let the institutions on Wall Street continue to short."

“…Wait until GME’s share price drops to around $10 and you start buying as much of the stock as you can.”

"But be careful, I'm not asking you to be a white knight to stabilize the stock price, but to keep the stock price down when you acquire the tradable shares on the market.

"...probably wait until the stock price drops to $5, and then go all out to buy as much as possible of GME's shares on the market."

Wei Ziqi directly gave Fan Hongyi a task and told him almost what to do on every price curve of the stock.

However, this is a very tedious job, and it needs to keep an eye on the stock market, especially Wei Ziqi has specific requirements.

That is to not let oneself become a white knight completely.

What Wei Ziqi needs is not to maintain the stability of the stock price, but to let the stock price fall slowly, giving other retail investors some buffer time to sell.

Only when the retail investors sell off can they absorb those stocks here.

And these jobs require some technical content.

Of course Wei Ziqi can do it himself, but it takes a lot of energy, so don't think about doing anything else, just stare at the North American stock market every day.

Especially because of the time difference between North America and China, Wei Ziqi should not sleep.

That's why he sent a team directly to the United States to do this manipulation.

"I've written it all down, Mr. Wei."

Fan Hongyi was very smart and did not ask Wei Ziqi why he wanted to do more than a company that was almost bound to delist and go bankrupt.

But since Wei Ziqi gave the order, he did it.

It's a bit harsher to say, anyway, even if it's a loss, the money belongs to Wei Ziqi, and it has nothing to do with him as an employee.

"Well, hurry up and get rid of the jet lag and start preparing for the battle."

Wei Ziqi gave a few words again and ended the video conference.

In the Metropolitan of the United States, Fan Hongyi and his team turned off the videoconferencing software.

A team member sitting next to Fan Hongyi asked: "...Brother Fan, why do you think President Wei wants to buy GME stock?"

"...He doesn't want to directly acquire the market shares to enter the board of directors and control the company, right?"

"But if the company is delisted in the end, wouldn't it all be lost?"

The team members were puzzled, and Fan Hongyi was actually puzzled, but Fan Hongyi just said: "...Just do what Mr. Wei asked. Why do you ask so many questions?"

"...How can we know what Mr. Wei thinks, so people are called the gods of the financial world in China, and we are just wage earners."

The team member also heard it, if they could guess what Mr. Wei thought, then everyone would be a billionaire.

At this time, Wei Ziqi opened Reddit in North America, which is the post bar of the United States, and looked for the gathering place of 0.5 organizations such as WSB. Simply put, this is where the leeks of the United States gather.

"Ha, it's not a problem to be called an SB organization. What kind of investment are you guys? It's just gambling."

"...Winning the clubhouse young model, losing to the sea to work, every day is a stud, this group of leeks from the United States really fully explained this sentence."

Seeing the discussion of those people in this post, Wei Ziqi couldn't help but complain.

But this time, Wei Ziqi just needs this group of leeks to work together.

A person is called a leek, but when a group of people are together, it is not a simple leek. With a common program, it is enough to subvert everything!

"You were able to occupy Wall Street back then, and you can beat Wall Street today."

Wei Ziqi muttered, and then went to find another group, which was the largest naval group in the United States.

He needs a group of sailors to build momentum for himself, and this is simple, and it can be done with a little money.

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