Returning to his senior year of high school, he went all in and made billions by buying at the botto
Chapter 309 Short Squeeze
October 30th.
Friday.
8:50 a.m.
The Taichu Trading Room has completed its pre-market preparations.
Thursday's epic comeback, after a night of emotional build-up, has completely exploded off the field.
Several custodian institutions have confirmed that Taichu No. 2 has never issued any liquidation or concentrated reduction orders, and all the entrustments in the past few days have real funds and complete records.
The so-called "billion-dollar policy funding hole" has lost its factual basis for dissemination.
Asia strategy reports from Grant, Goldman Sachs, Merrill Lynch, and Morgan Stanley are also circulating among institutions.
The most vibrant places are still in the countryside.
Although the original post by Silent Sickle has been taken down, the full-position delivery order for over one billion yuan has been made into countless screenshots.
"We are bullish on China with real money."
"Sharpening a knife takes three hundred days and nights."
"Today, let us draw our swords and cut down all the short sellers."
A few words spread across the internet.
Regardless of whether Chen Mo engaged in any illegal market manipulation.
But what traders care about most is always price and volume.
Thursday's index has said it all.
The market is always right.
Many funds that missed out on the initial rise began looking for entry points before the market opened.
Nine o'clock sharp.
The A50 opened 1.6% higher.
As soon as the buying pressure appeared, the remaining short sellers began to cover their positions.
Yesterday's forced liquidation only affected the accounts with the highest leverage.
The others had originally wanted to wait for prices to fall back, but now they are facing even more bullish moves.
They can only sell short contracts, buy back borrowed securities, end the equity swap as soon as possible, and then make up the last margin shortfall.
All evasive maneuvers ultimately converge in the same direction.
Buy.
9:10.
The A50 index rose by 2.8%.
Chen Mo sat in the center of the trading room, with the remaining 17 billion yuan of Group B waiting in place.
The domestic positions established on Thursday will continue to be held.
Several high-cost overseas credit lines were released as originally planned.
Zhao Qiang, watching the odds steadily rise, asked, "Mr. Chen, are we really not making any moves today?"
"Yesterday we chose the direction for the market," Chen Mo said confidently. "Today, the market will end the war for us."
9:15.
A-shares entered the opening auction.
Banks, securities firms, high-end manufacturing, semiconductors, and new energy sectors all opened higher.
Huake Equipment's limit-up buy orders were pushed up to several billion yuan the moment the market opened.
Buying activity is no longer concentrated around the eighteen core holdings of Taichu No. 2, but has spread across industries and indices.
Institutions are afraid of missing out on trends.
Speculative capital chases after profit-making opportunities.
Those who cut their losses and left the market a few days ago are starting to worry that they might miss out on a real rebound.
The desire for prices to rise finally outweighed the fear of prices to fall.
9:25.
The Shanghai Composite Index opened 1.92% higher.
The profit-taking after the market opened lasted for less than three minutes.
Several brokerage stocks broke through yesterday's highs first, and subscriptions to the CSI 300 ETF increased accordingly.
The A50 continues its upward trend.
Short covering, ETF arbitrage, and new long positions mutually reinforce each other, creating a feedback loop once again.
10:00 AM.
The Shanghai Composite Index rose by 3%.
At 10:20, it broke through 4%.
Trading volume in the two markets reached nearly 100 billion yuan.
……
In a quiet office area in Beijing.
The old man at the closed-door meeting a few days ago was reading the latest briefing on the Primordial Events.
He never interfered with the verification of Xu Xiang, Taichu No. 4, and Lu Zhilan.
What truly warrants investigation is another issue.
Why was the other party able to accurately choose the time when Lu Changming and Lu Zhilan were both unable to contact the outside world to make their move?
The secretary placed a gray folder on the desktop.
"Found it."
The old man turned to the first page.
Within two hours of the closed-door meeting starting, seven people inquired about Chen Mo's identity and background through different channels.
Three of the queries lacked legitimate business justification.
Two internal documents that later circulated in financial media used the same information and wording as one of the consulting firms.
Continuing to trace back, Hanyue Investment, overseas financial platforms, and several equity swap accounts appear on the same relationship diagram for the first time.
Where is the person who delivered the message?
"Two have been confirmed."
"That's what the secretary said."
"One person revealed the list of attendees and the meeting time."
"The other person also handed over the communication arrangements for the meeting."
The old man's gaze lingered on the second name.
"Record this first, then do not process it for now."
"clear."
"What about Lu Zhilan?"
"Account permissions, personnel selection, fund segregation, and conflict of interest have all been verified."
"Taichu No. 2 is independently managed and executed by various institutions, and the flow of funds is clear."
No private transfer of benefits was found between Lu Zhilan and Taichu, Chuangsheng, and Chen Mo himself.
"The investigation team is prepared to reach a final conclusion today."
The old man closed the file.
"Then write it according to the facts."
"Handle the two matters separately."
The secretary nodded and made a note of it.
The old man picked up another transaction to review.
It has the capacity to organize transactions worth nearly 100 billion yuan globally.
Use Group A to expose the boundaries of funds.
Taichu No. 2 closed at the reduction line.
Then, the hidden Group B was activated, and a counterattack was launched using indices, ETFs, and sentiment leaders.
Finally, the "silent scythe" is reawakened, pushing the price reversal into market consensus.
This plan is amazing, but it also leaves a lot of controversy.
Temporary concerted action relationship.
The authorization policy allows for execution first and subsequent reporting.
Synergy formed across market accounts in a very short time.
And Chen Mo's strong bullish statements made publicly during the period of concentrated buying.
None of these actions can be considered legal or compliant.
The old man stared at the capital curve in the post-mortem analysis and remained silent for a long time.
"The methods used should be investigated, and the responsibilities should be borne."
"But this game was indeed won beautifully."
……
10:40 a.m.
The Shanghai Composite Index rose by 4.72%.
The remaining short sellers finally gave up waiting for a pullback.
A massive amount of proactive market orders swept up all A50 futures and all major underlying assets regardless of cost.
Even more dramatically, after cutting their losses, a large number of short sellers, who had suffered huge losses, did not even dare to leave their accounts empty. Instead, they poured in massive amounts of funds to frantically buy up the CSI 300 ETF and previously oversold leading hard technology stocks.
Admit defeat, then switch sides to the bulls.
For mature capital, this is simply a new transaction option.
What's truly expensive is never admitting mistakes, but rather knowing that the direction has changed and still using more capital to maintain past judgments.
After 11 a.m., the market's upward momentum accelerated again.
Short covering and new long positions mixed together, pushing up trading volume.
Chen Mo instructed various accounts to further release idle credit lines, thereby reducing the financing costs left by this war in advance.
11:30 a.m.
The Shanghai Composite Index rose 5.36%.
The A50 rose 6.18%.
After recovering all its losses on Thursday, Taichu No. 2 rose another 2.47%.
Of the institutions that previously participated in short selling, three have already completed their full short covering.
Two of them, after closing out their short positions, turned around and bought index ETFs.
The final push for this rally came precisely from the most steadfast short sellers just days before.
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