#PI Sharing a story repost. Please see that Pi friends and family widely share this post. This story will definitely provide great inspiration for Pi pioneers—what everyone should do to achieve their goals! The story is a bit long, so please be patient and read through it!!!🙏🏻🙏🏻🙏🏻

He could only afford five-cent beers, but he invested all his savings into a junk stock. In just six months, his assets skyrocketed to 47 million dollars because this stock would become the epic battleground between retail investors, small traders, and the arrogant Wall Street funds. This is the famous short squeeze event during the pandemic. His name is Gil, a financial analyst at Wantong Insurance and a YouTube streamer. One day, he told his friends he bought stocks. His friends advised him to sell the junk stock quickly—after all, he had a wife and kids to support. Gil not only bought stocks but also invested all his equipment into GameStop. His friends thought he was joking, but when he showed them proof on his phone, they realized Gil had gone completely crazy. At that time, GameStop was the world's largest retailer of video games and entertainment software. However, due to the impact of online shopping and digital gaming, its stock had fallen over 90% in the past three years. Wall Street saw an opportunity to make a quick profit, including famous American firms like Castle Securities and the 72 Point Hedge Fund, with Melvin Capital being the largest. Melvin’s CEO was only 36 years old but already the most profitable hedge fund on Wall Street. He had been making money by shorting GameStop for six consecutive years, driving the stock from $28 down to $2. The store owners changed six times in two years. They were ready to continue shorting GameStop, already celebrating their victory early with champagne. So, Gil’s act of buying GameStop stock was almost like throwing money into the water—completely pointless. But unexpectedly, he woke up to find GameStop’s stock price had surged 130% in an instant. This unprecedented surge scared Melvin to the point of wetting his pants. He never expected the reason for the stock’s rise to be because a small internet influencer, Gil, said he loved the stock very much. Gil’s wife was about to be laid off due to the pandemic, adding pressure on Gil. Meanwhile, his childhood friend’s words made him doubt his own choices. But his wife fully supported his decision to buy GameStop. She told Gil to go live on stream and show what the investors were saying if he was unsure. Gil returned to his study, turned on his computer, and put on his signature red bandana. He had gone live several times before sharing his investment methods. Although his viewers were few and often mocked him, Gil chose to respond with humor rather than avoidance. Then he seriously shared his views on investing in GameStop. Because Wall Street’s big players were shorting GameStop, the stock had hit a low of $3.85. Gil believed Wall Street’s big sharks had made a mistake this time—they underestimated GameStop’s value, which had already been shorted by 140%. This meant the more retail investors bought, the more the shorts would lose. Even though most people were now buying digital games online, a quarter of loyal customers still preferred buying physical discs at GameStop. Wall Street was deliberately messing around—if retail investors united to push the stock price up and refused to sell, they could crush the big capitalists’ short positions and make a huge profit. But Wall Street always looked down on retail investors as a mob of fools, a bunch of idiots only interested in short-term gains, who would never band together firmly. They called ordinary people’s money the easiest money to steal. When Melvin saw retail investors entering the market, he eagerly added 600,000 more shares to short, waiting for the price to fall. These retail investors were the “chives” he wanted to harvest. But he never expected that his continued shorting would be seen as declaring war on GameStop. The retail investors decided to rise up—not to make money, but to take down Wall Street’s big shots. Online, netizens cheered each other on, frantically buying the stock and calling on everyone to join in. Because they had nothing to lose, if each person invested a few hundred or thousand dollars to fight back, they could topple these Wall Street elites who looked down on them. This was no longer just about making money from stocks; it had become a thrilling revolutionary struggle. Thus, a butterfly effect in the stock market began. A nurse with a $50,000 debt saw Gil’s call and immediately invested half a month’s salary. These greedy capitalists had made her life miserable. Mark, who worked at GameStop, lost his business due to the short squeeze and couldn’t get paid for months. He also invested his last $100 in GameStop. A college girl heavily in debt, whose father had worked diligently at a big retail store before being bought out by a Wall Street fund and bankrupted, also poured all her savings into the stock. She hated these capitalists. A spark can start a prairie fire. With everyone’s efforts, GameStop’s stock soared to $10. In 2020, the United States experienced its most bleak Christmas ever. Gil live-streamed his results: since last summer, GameStop had increased fivefold, from $4 in July to $21.70 now. It was rare to see an investment theory actually work. Netizens kept commenting in the live chat, wishing GameStop would fly to the moon. Gil earned the respect of all online users. The reason they could buy stocks for just a few dozen dollars was thanks to an app called Robinhood, a mobile platform dedicated to stock trading. Just register an account, and you can buy and sell stocks without trading fees—no barriers for most users. Simply search for the stock code, swipe to place an order, and press send. The order is done. Robinhood’s user base surged to 20 million. They could still profit for free because they were essentially transmitting buy and sell orders to market makers who would execute the trades and give them a small rebate. Although the profit per trade was tiny, the huge volume made Robinhood very profitable. Several market makers partnered with Robinhood, mostly with Castle Securities, but this business model drew the suspicion of Wall Street. On January 19, 2021, GameStop’s stock hit $43 per share. When Wall Street bet it would go bankrupt and plummet, retail investors started buying aggressively, delivering a heavy blow to the big players. The stock surged 70%, and the next day, it jumped to $90. Gil posted online saying Wall Street was about to be squeezed out, and retail investors would turn the tide and reach new heights. Short squeeze is a market mechanism—its opposite is shorting. If a stock being shorted keeps rising, short sellers need to buy back shares at high prices to cut losses, since they borrowed the shares and must return them within a deadline. This buying pushes the stock price even higher. Other short sellers see this and buy to stop losses, causing the stock to keep rising—this is called a short squeeze. At this point, Gil had already made $11 million. If he sold now, he would have made a huge profit. But retail investors hesitated—they watched to see if Gil would sell. GameStop’s stock was in an extreme situation: Wall Street held 140% short interest. Even if they bought all the shares, it wouldn’t be enough to cover the borrowed ones—they’d need to buy multiple times. This meant GameStop’s stock could keep rising infinitely. Even more terrifying, the biggest holders were the “fools” in Wall Street’s eyes—these hedge funds, who had no idea how hard ordinary people worked every day but still had nothing. They were born with golden spoons at the top of the pyramid, eating top-grade steaks, partying at luxury clubs and yachts. When asked how they got so rich, they said it was because “stupid money” was the easiest to make. This post resonated with all retail investors. The GameStop event instantly became a class war. So what if you’re just a tiny shrimp? As long as enough of you join, even a small shrimp can flip a big whale. Gil urged everyone to hold firm and not sell. This had nothing to do with money anymore; it was a glorious revolution. And so, a butterfly effect in the stock market began. A nurse with $50,000 debt saw Gil’s call and invested half her wages. These greedy capitalists made her life miserable. Mark, working at GameStop, lost his job due to the short squeeze and couldn’t get paid for months. He also invested his last $100. A college girl, heavily in debt, whose father had been bankrupted after being bought out by Wall Street funds, poured all her savings into the stock and refused to sell. They all refused to sell. Later, Gil gifted his brother a red sports car. Melvin’s fund shut down in 2022. Robinhood went public in July 2021 but performed poorly on debut, with trading volume only 10% of its peak two years earlier. The founders no longer were billionaires. Six months later, during a lawsuit, messages were leaked showing Robinhood and Castle executives discussing massive trades the day before halting buy orders. The court dismissed the lawsuit. A month later, the SEC completed its investigation and found no wrongdoing. The incident mostly faded away. Gil posted his last online message on April 16, 2021. His assets were $34 million. About 85% of hedge funds began actively investigating retail investors’ holdings, fearing another short squeeze. Hedge funds drastically reduced shorting. Wall Street could no longer ignore the “stupid money” effect. This is the full story.
Unite all the proletariat of the world!!!#当前行情抄底还是观望？