King of the Wilderness

Chapter 478: Chapter 267: Returns and New Investments (Part 4)

Emily took a deep breath, forcing herself to calm down. She stared at Lin Yu’an and asked the crucial question, ”Lin, your confidence comes from Scoot’s information, right? How reliable is this information?”

Lin Yu’an looked at her approvingly, ”That’s why we must act quickly. Scoot’s sources have confirmed that several emerging brokerage firms supporting retail investors are ready to respond, but no one knows how much pressure they can withstand from Wall Street.”

”So our window might only be a few days or even shorter. My plan is to enter decisively during the rise period, and as soon as market sentiment peaks, sell everything. We’re not greedy for the gold mine itself; we just take a portion of the gold that belongs to it.”

After listening to this meticulous analysis, even the last bit of worry disappeared from Aliya’s eyes. She looked at the man strategizing in front of her, her concerns long replaced by trust, and she was the first to state.

”I support you! I trust your judgment, just like when you decided to buy NVIDIA!”

Lin Yu’an smiled and entrusted the final decision to the most rational person in the house. He held Emily’s hand, ”Emily, what do you think?”

Emily gazed into his eyes, and in those deep eyes, she saw no gambler’s madness, only absolute control over the future.

She knew he must have his deeper understanding. More importantly, he placed such a significant decision into her hands, who had just learned everything.

This trust felt far more precious to her than any number in the account.

She took a deep breath, slowly yet firmly nodded her head.

”Okay.” She said just one word and then added, ”But you must promise me to execute your plan strictly, with no greed.”

”I promise.” Lin Yu’an tightened his grip on her hand.

Lin Yu’an’s face revealed a relieved smile. His confidence certainly wasn’t unfounded.

This confidence, enough to challenge the whole world, stemmed from a future experienced firsthand, deeply rooted in his mind, that he could not share with anyone.

It was the cold winter of 2020, and Lin Yu’an’s life, like GME’s stock price, was dull and hopeless. He first noticed this stock in a forum at the Wall Street casino.

This forum gathered a group of retail investors who self-deprecatingly called themselves apes and idiots, using all kinds of crude memes and jargon to discuss various strategies of the Wulong and Phoenix chick level.

Among the countless noisy posts, one user with the ID DeepFuckingValue stood out.

Since 2020, he had been posting his position screenshots day after day, firmly bullish on the game retailer GameStop, which everyone else believed was going bankrupt.

Lin Yu’an remembered that at that time, GME was practically synonymous with failure. With the popularity of digital games, this company, which relied on selling physical game discs, was completely abandoned by the times.

The stock price lingered between 3 to 5 US Dollars for years, and sharks led by Melvin Capital swarmed in, shorting it madly, betting that its downfall was just a matter of time.

They borrowed stocks from brokers, sold them at high prices, and waited to buy them back cheaply once they turned into worthless papers. This is the most classic predatory tactic on Wall Street.

But DFV and a few believers saw another side. They discovered that Wall Street’s greed had reached an outrageous level.

By the end of 2020, GME’s short ratio had astonishingly reached 140%!

This meant that the virtual stocks sold short in the market exceeded the actual existing stocks of the company! It was a huge powder keg that could blow up the entire market.

Lin Yu’an saw this data at that time too, but like countless others, he merely regarded it as a curious anomaly.

He couldn’t believe that a bunch of internet rabble could truly shake those financial empires controlling hundreds of billions of dollars.

The signs of change appeared in August 2021 when Ryan Cohen, the founder of pet e-commerce giant Chewy, made a high-profile purchase of GME shares, giving retail investors hope for the company’s transformation.

The real trigger was on January 11, 2022, when GME announced Ryan Cohen would join the board of directors, setting the fuse to the powder keg ablaze! The stock price broke through 30 US Dollars!

The entire Wall Street casino forum was in an uproar! Countless posts analyzing the short squeeze potential shot to the top. GME was no longer just a stock but had become a belief, a holy war against Wall Street hegemony!

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