Chapter 102: Chapter 102: In the Face of Cheats, Schemes and Plots Are Just a Joke
Luo Chen patiently consoled Xu Lin, telling her that minor setbacks should not disrupt greater plans. There was no need to target Chen Wei and his team at every turn; they only needed to deliver a fatal blow at a critical moment.
Seeing Luo Chen's message, Xu Lin was genuinely impressed. This was how big things were done...
Unbeknownst to her, Luo Chen was also quite exasperated.
Let's not even discuss the idea of driving down the price; anyone with some experience wouldn't do something so foolish as to fight a strong trend. As for forced liquidation, occasionally finding an excuse to force liquidate once might be acceptable, but if they were to constantly find reasons to force liquidate positions, Luo Chen would soon earn a reputation for petty revenge!
He had come to Meta with serious business in mind, not to engage in petty squabbles!
Xu Lin really was quite a brainless brute...
Though admittedly, she did have quite an impressive figure...
Chen Wei and his team were unaware that Xu Lin had even considered forced liquidation.
After the market opened, the price of CRBP continued to surge.
It climbed all the way to 6.70 yuan and halted trading again.
Chen Wei had added another 200 lots at 6.20 yuan.
At that time, there had been a large order of over a hundred lots at 6.20 yuan, which Chen Wei had taken out before it could even surface.
Zheng Junpeng and Zhou Yi had grabbed a few dozen lots at 6.10 and 6.15 yuan, but didn't touch the 6.20 yuan price.
Yuan Tong and Luo Chen were also watching CRBP.
Both of them wanted to buy in after the market opened.
However, they couldn't catch up with the rising prices at several levels.
Luo Chen remained composed, not losing his cool over such a small matter.
Yuan Tong, however, was getting frustrated!
He had been ready to take a long position, but as soon as the market opened, the 6.10 yuan price was swallowed up.
Then the 6.15 yuan price was also quickly taken.
Missing out on those two price levels was understandable, given the need to observe the stock's momentum before deciding on entry and the amount to buy.
But he missed the 200-lot order at 6.20 yuan as well!
The key issue was that after 6.20 yuan, there were no significant sell orders left, just small ones, and even if he wanted to buy, there weren't many lots available!
Yuan Tong was infuriated and immediately messaged Xu Lin, asking if Chen Wei's team had taken the 6.20 yuan order.
Xu Lin was still angry at Yuan Tong and didn't want to respond initially, but she was also curious to know if Chen Wei's team had taken it.
So she went over to Wang Fang to check.
Sure enough, it was Chen Wei.
This made Xu Lin even more upset. She reported back to Yuan Tong, who was equally annoyed.
Despite his frustration, Yuan Tong couldn't defy the trend and drive down the price; he could only keep it in mind and told Xu Lin to closely monitor Chen Wei's positions, promising to make them pay as soon as he had the chance!
Xu Lin agreed without hesitation.
CRBP hit three consecutive upper limits. Although it didn't hit another upper limit afterward, it continued to rise, peaking at over 12 yuan.
Chen Wei had accumulated 500 lots in total, entering at various points—200 lots at 5.50 yuan, 200 lots at 6.20 yuan, and another 100 lots at 7 yuan, eventually selling at prices between 11.50 and 12 yuan, making over 280,000 yuan.
Zheng Junpeng and Zhou Yi each had over 300 lots, earning around 150,000 to 160,000 yuan.
Everyone else made thousands or tens of thousands. It was a big win for the entire Group Seven.
After exiting their positions, Zhou Yi and the others were so excited they started playing games again, completely forgetting their previous vow to never play games again.
It was already past two o'clock, and Zheng Junpeng and the others had called it a day.
Chen Wei, however, found a few SSR stocks and shorted them.
Soon, he was holding a bunch of short positions.
Seeing this, Xu Lin quickly informed Yuan Tong.
She reported all the details she could see about Chen Wei's trades, including the number of short positions and the specific orders placed.
Wang Fang couldn't do anything about Xu Lin checking her computer; she couldn't push Xu Lin away and just let her look. After all, if Chen Wei were to blame someone, it wouldn't be her fault.
Yuan Tong's eyes lit up!
He couldn't drive down CRBP, but these stocks were another matter!
Yuan Tong switched to ADVM. The current price was 7.90 bid and 7.91 ask.
There were over a thousand lots at 7.91 yuan, and Chen Wei had a thousand short lots on this stock.
Yuan Tong grinned viciously and placed an order for 2,000 lots, sweeping away all the sell orders at 7.91 yuan and even pushing the price to 8.50 yuan!
As a result, Chen Wei's floating loss exceeded 60,000 USD, with hardly any sell orders to stop the loss. Chen Wei would likely lose at least 80,000 to 100,000 USD on his thousand lots!
After doing this, Yuan Tong hurriedly informed Xu Lin, asking her to monitor Chen Wei's positions!
Chen Wei, calmly waiting, noticed ADVM shoot up by 60 cents and saw the large buy orders at 8.50 yuan. Frowning, he checked the volume and got an idea of what had happened. He immediately activated his skill and rewound twenty seconds.
Upon returning, Chen Wei offloaded his thousand short lots in the dark pool at half the price, then took 500 long lots.
He didn't take more because he saw the previous volume wasn't large, and taking too many might make it hard to exit. Five hundred lots were just right, allowing him to exit at the 8.50 yuan ceiling order.
At this point, Yuan Tong had just switched to ADVM and hadn't seen Chen Wei's exit record.
Seeing only a thousand lots left after Chen Wei took 500 lots, Yuan Tong again placed 2,000 lots, pushing the price back to 8.50 yuan!
This time, there were over a thousand lots at 8.50 yuan.
Chen Wei understood that because he had taken 500 lots, the other 500 were also pushed to 8.50 yuan.
Seeing the moderate volume and the weak upward momentum, Chen Wei placed an exit order at 8.70 yuan, capitalizing on the upward trend to exit, making over 40,000 USD.
After exiting, Chen Wei placed another 500 short lots above.
The upward momentum was all due to that buy order, which wouldn't last. The price would definitely fall back, allowing him to profit from another short.
Chen Wei didn't know it was Yuan Tong who had pushed the price up; if he had known, he would have shorted more than 500 lots...
Yuan Tong was eagerly waiting for Chen Wei to lose money.
He told Xu Lin to check Chen Wei's positions again.
Xu Lin, also eagerly hoping to see Chen Wei lose tens of thousands, quickly ran to Wang Fang to check.
She was dumbfounded!
Not only had Chen Wei not lost money, but he had also made a profit!
Xu Lin couldn't believe her eyes, rubbed them, and confirmed—Chen Wei had indeed made money!
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