With ten billion in capital, they managed to rub a bunch of quantitative teams into the ground.
This means that the opponent's strategy model is excellent enough to offset others' capital advantage to some extent.
By any measure, this isn't someone you want to mess with...
"Mr. Wei, although we don't know who this mysterious player is, it seems they're only interested in Xu Group's stock.
Our technical department suggests cutting losses promptly, avoiding this stock, and adjusting our quantitative model anew."
"Cut losses? With more than thirty million in losses, how am I supposed to write the year-end report for the shareholders?"
"But... there are so many retail investors out there, we don't need to hang ourselves on this one tree."
"No 'but's about it, countless retail investors, and I insist on harvesting this batch today!
Harumph! A mere ten billion-level player, even if they're a fierce dragon crossing the river, they have to shed a layer of skin at the Huangpu River for me!"
Mr. Wei definitely has the confidence to say this; don't be fooled by the fact their team is only mid-sized, the investors behind them aren't ordinary people.
Pick any one of them, and they're all influential figures in the Yangtze River Delta area.
Even Xu Jingsong of the Xu Group counts as one of the people in the same circle.
In terms of this stock, it's definitely their home ground; whether good news or bad news is released, it's completely up to them; they're not afraid of the opponent playing tricks here.
He immediately took out his phone and sent out a "Rallying Call" in a chat group named the "Qilin Club."
That evening, dozens of investment institution leaders secretly gathered at the most luxurious private clubhouse in Shanghai, and didn't leave until the early hours...
...
Just past nine-thirty the next day, Gao Yuan, who was reviewing company development materials, suddenly received an alert from Zero.
"What? Dozens of quantitative teams' strategies have converged..."
Gao Yuan was slightly stunned, then pondered briefly before reacting.
This is a switch from single combat to a siege on Bright Peak by the Six Great Sects...
When EVE can't win, they switch to EEEEEVE!
This was indeed something she had overlooked; focusing all her attention on dealing with Xu Jingsong, she hadn't anticipated causing such a large commotion, unexpectedly affecting others in the process.
And those affected, big fish and small fish, obviously weren't too pleased with this unexpected newcomer...
"Is it bothersome?"
[It is both troublesome and simple.]
"Oh? How so?" Gao Yuan asked with interest.
[Troublesome because, with the opponent's capital size, ordinary trading strategies are already hard to shake them; whether the stock goes up or down is basically up to them.
From the current situation, it seems the opponent is trying to ride the wave of favorable news from Xu Group's stock buyback to boost the stock price.
This morning at the opening, Xu Group's stock opened high and climbed higher, with the current stock price at 21.9, already reaching a 4% increase.]
Gao Yuan nodded; no matter how excellent the trading strategy is, it's still about winning with the brush of technical prowess.
When the opponent's heavyweight is above a thousand pounds, your brush isn't going to budge it.
"Then how is it simple?"
[Simple in that our largest opponent has changed from dozens to one, making the prediction simpler instead.
And I have already reverse-engineered their trading model through their trading data, thus finding their trading loopholes.
Do you remember when I told you about that British trader named Navinder Singh Sarao?]
Gao Yuan paused, her eyes slightly twitching.
"You mean... Flash Crash?"
[The answer is affirmative.]
"To what extent can it be done?" Gao Yuan's eyes showed a trace of excitement.
Unlike a certain boss behind the scenes known for big names but relatively conservative strategies, Gao Yuan, seemingly extremely stable in her actions, has always had an unquiet heart.
[I can only say, the limit on maximum price fluctuations has restricted my performance.]
"Hmm... Arrogant! But I like it..."
...
Shanghai.
"Has the opponent made any moves?"
After just one day, Mr. Wei's face no longer shows panic, reverting to the calm demeanor he always portrayed, relaxedly sipping coffee before his subordinates, with self-assurance written in his eyes.
His employees, along with the entire technical team, were now fully focused on the fluctuating data on more than a dozen screens in front of them.
"Not yet... wait! There it is!"
Mr. Wei leaned slightly forward.
"The opponent... the opponent is selling off their chips quickly! In just a moment, they've already sold thirty thousand lots, totaling sixty million!"
Only to see on the volatility curve, the stock price visibly dropping, yet soon being slowly pulled back up...
"Mr. Wei, our strategy is bullish; the quantitative model is constantly absorbing the opponent's sold chips to maintain the stock price!"
The trader was slightly sweaty on his forehead, his fingers even trembling.
God bless him, normally he would only manage three or four million in funds, but today's grand scene is certainly the peak of his career.
"Let them sell, ha! They think they can sell off their chips and still have a chance to buy them back?
Continue to push up the stock price for me; if the opponent leaves now, take it as them being sensible, but if they still want to buy, sell it at a high hand-over price!
Today I'm going to show them, in the face of absolute strength, all resistance is futile!"
With a massive inflow of capital, the stock price kept hitting new highs, soon reaching a peak of 22.6, and as soon as the afternoon session opened, it continued to rise, quickly hitting an 8% gain, looking all set to trigger a limit-up."
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