Jiang Banxia's four billion US dollar short position ultimately came down.
For Wall Street, the urge to squeeze was even stronger.
Consider it a small appetizer before the main course.
Four billion US dollars is no small amount.
It could support a slew of Hollywood actresses, fund a year-long inparty event.
The support at the bottom, they didn't pay much attention to, after all, it's normal behavior.
If the bottom support for US Stocks wasn't strong enough, where would they harvest retail investors?
Moreover, it's just forty billion US dollars. Every ten points of Boeing have at least one hundred and twenty billion US dollars as support; otherwise, they wouldn't dare hold a sixty billion US dollar short position.
After they utilized the chips from the brokers, just as they expected, a twenty billion US dollar short position opened the floodgates ten points underwater.
From that moment on, it's impossible to short Boeing today.
