my fintech empire.

Chapter 680 [Crazy rush for funding regardless of cost]

When the market opened in the afternoon, the Shanghai and Shenzhen stock markets plunged directly, and they came down as they went up.

The Guangda oolong incident in the morning will undoubtedly be recorded in the history of Big A. Hundreds of millions of stockholders have exploded and scolded the street, especially the stockholders who followed suit cannot accept such a loss.

If it is a normal market game and the leeks are cut, the stockholders will pinch their noses and admit that they are unlucky.

But if this situation is cut off, it is unacceptable.

At this moment, there are endless comments on the stock bar forum.

[This is the rhythm of tricking people in and killing them, all face is lost. ]
[Big A is really a joke, this kind of oolong finger can come out, it is also a long time to see. ]
[Guangda Oolong refers to who will compensate for the losses caused to investors? ]
[Stop playing, don't pay me back! ]
[Is this an oolong finger that can be prevaricated? ]
[Spicy chicken is not even as good as a casino, there is no fairness at all, delisting, this spicy chicken stock market does not matter! ]
[The risk control of brokerage institutions is 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... what the hell is it different from Ming Qiang? ]
[Why is it so difficult for stocks to make some money...]
[Another batch was bored. ]
……

After 13:45, the stock index, which had risen by more than 3 percentage points, dived and turned green. Those who followed the trend in the early trading were bored at the moment, and all of them were so angry that they yelled at the stock bar forum.

And not long after the market index turned green, Quantitative Capital's daily limit orders suddenly dropped sharply at this time, and the board exploded soon, and the time-sharing line began to plunge.

The reason is that a small essay stated that Quantitative Capital was due to financial fraud, and the regulatory authorities had already intervened in the investigation. At this moment, the market dive and Guangda’s oolong finger incident were superimposed, and the holders of Quantitative Capital were scared to run away.

At around 14:07, the quantitative capital plunged and turned green, and continued to drop, with heavy volume and a sharp drop.

At around 14:28, the stock price fell to 44.12 yuan, and the decline expanded to -6.40%, and then reversed to -5.50%.

At the same time, Chen Yu is hosting the Quantitative Capital mid-term results conference call, and it has been 10 minutes.

In the conference call, Chen Yu further disclosed many details of the company's mid-term performance report, especially when answering an investor's question about the company's investment income in the first half of the year, he further explained that more than 70% of the company's investment income is from its artificial intelligence research and development. The team created through intelligent quantitative transactions, of which more than 60% of the income comes from the North American capital market.

In addition, Chen Yu further stated that the company's artificial intelligence quantitative trading model has achieved 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 that exceeding 500 billion is not a big problem.

Good guy -!
Every listener on the earnings call called oh boy!

……

The boss of an investment institution received a call, and immediately called his trader: "Buy Quantitative Capital's stocks quickly, immediately, and buy as much money as you have!"

The trader on the other end of the phone said in a daze, "Buy Quantitative Capital? Boss, the current price of the stock..."

The boss immediately yelled: "Didn't 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 me stud, and how much stud you can get if you just sweep the goods!"

The trader on the other end of the phone didn't know what happened, so he quickly replied, "Oh, ok...I'll intervene right away."

……

"Quantitative Capital, hurry up and buy!" The boss of another investment institution held a landline phone and said: "It's too late to explain, hurry up and give Stud as much as you have, and we'll talk about it after buying."

"The stud-style intervention has already begun. What's the boss's situation?" A curious question came from the trader on the other end of the phone. Now you know?"

"Boss, do you mean that Quantitative Capital is really financially fraudulent? Then why..."

"Fart, what Laoshizi's financial fraud?" The boss said immediately: "Quantitative Capital uses artificial intelligence to automatically quantify trading stocks, and uses high technology to make more than 370 billion yuan in the market. In the second half of the year, they set a goal of 500 billion yuan. Their artificial intelligence The trading win rate of the model is over 75%, do you know what that means?"

"What? Artificial intelligence stocks?"

……

At this moment, just after Chen Yu disclosed the specific reason why Quantitative Capital earned 377 billion in the first half of the year in the financial report conference call, the investment institutions who got the news went crazy, and immediately let the people below rush to raise funds without saying a word.

When almost everyone learned of this reason, they realized that the artificial intelligence under Quantitative Capital can make such crazy money in the market. The company has mastered such a unique technology, and the value system of the entire company has to be revalued.

In a nutshell, stock prices are going crazy.

At around 14:31, when Quantitative Capital Ha was running at the -5.11 water level, suddenly a large amount of off-market funds poured in to rush to raise funds, and all kinds of Wanshou brothers were flying all over the sky.

The time-sharing line of quantitative capital is like a dry land, soaring upwards, presenting a vertical upward rush at a [-]-degree angle.

The institutions that got the news at the first time went crazy. They were all like hungry tigers rushing for food, scrambling for funds regardless of cost. In just half a minute, the stock price of Quantitative Capital rushed to 51.84 yuan and closed the daily limit.

Many retail investors don't know what happened.

At this moment, some of the latest comments in the comment area of ​​the stock bar are full of confusion among stockholders.

[Cow pen, pull back the seal in a straight line. ]
[What happened to Ward the fuck?There are more than 443 million orders sealed on this board? 230 billion cover amount? ]
[Crazy crazy, crazy money! ]
[No, what happened?Does anyone know what happened to this ticket? ]
[Could it be that there is some news from the earnings conference call? ]
[Didn't you say that the performance of this ticket was fraudulent? ]
[Could it be that the news of fraudulent performance is false? ]
[Fuck?The scale of this order is really frenzied. It is definitely not the behavior of retail investors, it is definitely the behavior of large funds and large institutions! ]
[What super good news came out? ]
[Day, I resisted underwater and didn't leave. I left when the daily limit hit, and suddenly I felt sold out! ]
[Looking at it pulling the board and not chasing it, I regret that I didn’t make a move. At that time, I should have been able to grab it if I set the limit price to grab the fund. This ticket definitely produced some major benefits that exceeded expectations. ]
……

At this moment, after the stock price of Quantitative Capital went up and down in a straight line, stockholders saw the outrageous amount of funds on the cover, and asked everywhere what happened. related rumors.

After about ten minutes, the news began to spread.

Stock bar forums and major communication groups are spreading wildly about the news from Quantitative Capital’s mid-term performance conference call. Chen Yu explained that the Quantitative Capital stock account made more than 370 billion yuan, which is a high return generated by the company’s artificial intelligence.

Now the comment area of ​​Quantitative Capital's stock bar exploded.

[No wonder institutions are crazily scrambling to raise funds, there are more than 230 billion bills on the board, Wo Ri, why didn't I get in the car? ]
[Hahaha, I risked my life underwater to pick up the third-story warehouse, this is the rhythm of eating big meat, just stud! ]
[Speechless, the big bull stocks have sold out, although the daily limit has sold more than 20 points. ]
[I can’t buy it anymore, I can only watch it if I don’t have a chip, the door has been welded tightly, and no bacteria can get in. ]
[Fake news killed people, got tricked out of the car, shit! ]
[Envy in the car. ]
[You thought your opponent was a human?It's actually an artificial intelligence! ]
[I feel like I'm bullying people...]
[Is it illegal to trade stocks with artificial intelligence? ]
[However, geese are not counted. Programmatic trading has been used for a long time in China, especially on Wall Street. ]
[Unless new regulations prohibit any peripheral assistance, you can only rely on people to trade, but computers are also peripherals, so you can't go back to the past to play on the exchange, right? ]
[The whole logic of this company has changed, the value will be revalued, Davis double-click! ]
[Alas, news from retail investors always lags behind. ]
……

(End of this chapter)