Chapter 679 [Crazy rush for funds regardless of cost]
When the market opened in the afternoon, the Shanghai and Shenzhen stock markets plunged sharply, and they went down as fast as they went up.
The Guangda Oolong Index incident in the morning will undoubtedly go down in the annals of Big A’s history. Hundreds of millions of stock investors were furious and scolded the public. Especially the stock investors who followed the trend and followed the trend could not accept such losses.
If it is a normal market game and the leeks are cut, the investors will pinch their noses and admit it, thinking that they are unlucky.
But I can't accept this situation.
At this moment, the comments on the stock forum are full of curses.
[This is the rhythm of tricking people into killing them, even if you don’t want to lose face.]
[The big A is really a joke. This kind of black dragon finger can appear, and it is also a life-changing thing.]
[Who will compensate for the losses caused to investors by Guangda Oolong Finger?]
[I don’t want to play any more, I won’t pay you back!]
[Is this just a false accusation?]
[Hot chicken, not even as good as a casino, no fairness at all, delisting, just don’t play in the stock market for this hot chicken!]
[Is the risk control of securities firms made by pigs? It must be suspected of insider trading.]
[I’m really convinced. I admit that I lost money in a fair game, but this kind of... is it different from open grabs?]
[Why is it so difficult for stocks to make some money...]
[I was bored again.]
…
After 13:45, the Shanghai stock index, which had surged by more than 3 percentage points, plunged into the green. Those who had followed the trend in early trading were now bored, and all of them were so angry that they cursed in stock forums.
Shortly after the market index turned green, the closing orders of quantitative capital on the daily limit board suddenly dropped sharply at this time, and soon the board exploded, and the time-sharing line began to dive sharply.
The reason is that a small article stated that the regulatory authorities had intervened in the investigation due to financial fraud in Quantitative Capital. This, coupled with the current market plunge and the Guangda Oolong Index incident, scared the holders of Quantitative Capital and ran away.
At around 14:07, quantitative capital dived and turned green, and it continued to dip, with heavy volume falling sharply.
At around 14:28, the stock price fell to 4,412 yuan, the decline expanded to -640%, and then rebounded to a level of -550%.
At the same time, Chen Yu is hosting the Quantitative Capital interim results conference call, which has been going on for twenty minutes.
Chen Yu further disclosed many details of the company's interim results during the conference call. In particular, when answering an investor's question about the company's investment income in the first half of the year, he further elaborated that more than 70% of the company's investment income was generated by its artificial intelligence research and development.
The team created it through intelligent quantitative trading, and more than 60% of the income came from the North American capital market.
In addition, Chen Yu further stated that the company's artificial intelligence quantitative trading model has reached an overall winning rate of more than 75%. Regarding the company's investment income target for the second half of the year, Chen Yu is very optimistic and said that exceeding 50 billion is not a big problem.
Good guy——!
Everyone who participated in the earnings call called him "good guy!"
…
The boss of an investment institution received a phone call and immediately called his traders, "Buy Quantitative Capital's stocks immediately. Buy as much money as you have!"
The trader on the other end of the phone was stunned and said, "Buy all quantitative capital? Boss, the current price of the stock..."
The boss immediately yelled, "Didn't you hear what I said? Stop talking nonsense and buy it quickly. If you don't buy it, it will be too late. Buy as much as you have. Just give it to me. Scan the goods directly and buy as much as you have!"
The trader on the other end of the phone didn't know what was going on, so he quickly replied, "Oh, okay...I'll intervene right away."
…
"Quantitative Capital, hurry up and buy the goods!" The boss of another investment institution said with a landline phone, "I don't have time to explain, hurry up and give Stud as much as you can, and then we'll buy it."
"Study intervention has begun. What's going on with the boss?" The trader's curious inquiry came from the other end of the phone. The boss softened when he heard that he was buying again, and immediately called back and said, "Haha, you know about Quantitative Capital's interim results.
Alright?"
"Boss, do you mean that Quantitative Capital really made financial fraud? Then how can you still..."
"What the hell, what kind of financial fraud is this?" the boss said immediately. "Quantitative Capital uses artificial intelligence to automatically quantitatively trade stocks and use high technology to make more than 37 billion in the market. It has also set a target of 50 billion for the second half of the year. Their artificial intelligence model
The winning rate of transactions has reached over 75%, do you know what this means?”
"What? Artificial intelligence stock trading?"
…
At this moment, just after Chen Yu disclosed the specific reasons why Quantitative Capital earned 37.7 billion in the first half of the year during the financial report conference call, the investment institutions that got the news went crazy. Without saying a word, they immediately let the people at the bottom rush to raise funds.
When almost everyone learned about this reason, they realized that the artificial intelligence under Quantitative Capital could make such crazy money in the market. The company has mastered such a unique technology, and the value system of the entire company must be revalued.
In a nutshell, the stock price will go up like crazy.
At around 14:31, when Quantitative Capital was running at the -511 water level, a large amount of off-market funds suddenly poured in to raise funds, and all kinds of people were flying everywhere.
The time-sharing line of quantitative capital is soaring upward like onions on dry land, showing a vertical upward rush at a ninety-degree angle.
The institutions that got the news immediately went crazy. They were all like hungry tigers pounced on food, frantically rushing to raise funds regardless of the cost. In just half a minute, Quantitative Capital's stock price soared to 5,184 yuan and closed the daily limit.
Many retail investors don't know what happened.
At this moment, some of the latest comments in the stock forum comment area are stock investors looking confused.
[Niu pen, straight-line pull plate back seal.]
[What happened to Ward? There are more than 4.43 million closed orders on this board? The amount of closed orders is 23 billion yuan?]
[Crazy, crazy, funds are crazy!]
[No, what happened? Who knows what happened to this ticket?]
[Is there some news on the earnings call?]
[Isn’t it said that this performance is fraudulent?]
[Could it be that the news about performance fraud is fake?]
[Holy shit? The scale of this order is really crazy. It’s definitely not the behavior of retail investors, it’s definitely the behavior of big funds and big institutions!]
[What super good news has come out?]
[On that day, I resisted going under water and left when the daily limit was reached. Suddenly I felt like I was selling out!]
[Seeing that it was pulling the board but not chasing it, I regretted not taking action. If I had put the price limit at that time to rush for funds, I should have been able to grab it. This ticket definitely produced some major benefits that exceeded expectations.]
…
At this moment, with Quantitative Capital's stock price rising to the daily limit, investors saw the outrageous amount of closing funds and asked everywhere what happened. They also looked through the news in exchange groups or stock forums to see if there was any.
Related news.
After about ten minutes, the news began to spread.
A piece of news from Quantitative Capital’s mid-term results conference call is being widely circulated in stock forums and major exchange groups. It is shocking that Chen Yu explained that the Quantitative Capital stock account earned more than 37 billion yuan because of the high returns achieved by the company’s artificial intelligence.
Now the comment section of Quantitative Capital's stock forum exploded.
[No wonder institutions are rushing to raise funds like crazy. There are more than 23 billion in closing funds on the board. Wori, why didn’t I get on the bus?]
[Hahaha, I risked my life to take over the three-story warehouse underwater. This is the rhythm of eating big meat. Just stud!]
[Speechless, I sold the big bull stocks, even though the price exceeded the daily limit by more than 20 points.]
[I can’t buy it anymore. I have no chips and can only watch it. The car door has been welded shut and not a single germ can get in.]
[Fake news killed people, they were tricked into getting out of the car, damn!]
[I envy those in the car.]
[Do you think your opponent is a human? It’s actually an artificial intelligence!]
[I feel like I am bullying someone...]
[Is it illegal to use artificial intelligence to trade stocks?]
[However, goose is not included. Programmed trading has been practiced for a long time in China, especially on Wall Street.]
[Unless new regulations are introduced prohibiting any peripheral assistance, trading can only be done by people, but computers are also considered peripherals, so we can’t go back to the past and play on the exchange, right?]
[The entire logic of this company has changed and its value will be revalued. Davis double-clicks!]
[Alas, news from retail investors always lags behind.]
